Mastech digital, inc. (MHH)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
OPERATING ACTIVITIES:
Net income

11,145

6,691

1,626

2,520

-

-

-

-

-

-

-

Net income

-

-

-

-

2,753

3,423

3,805

2,139

1,113

663

1,397

Adjustments to reconcile net income to cash provided by (used in) operating activities:
Net income from discontinued operations, net of tax

-

-

-

-

-

-

536

81

-242

-

-

Depreciation and amortization

3,434

3,182

1,942

1,016

660

143

153

-

-

-

-

Bad debt expense

80

10

10

75

53

0

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

158

126

180

223

Bad debt (credit) expense

-

-

-

-

-

-

-

-

-125

-50

100

Interest amortization of deferred financing costs

104

100

99

38

29

28

27

28

10

-

-

Stock-based compensation expense

936

470

381

408

262

330

532

222

212

287

279

Deferred income taxes, net

1,322

171

-234

55

-1

59

-131

151

-23

106

45

Impairment of goodwill

-

9,738

-

-

-

-

-

-

-

95

-

Revaluation of contingent consideration liability

-6,069

-11,056

-

-

-

-

-

-

-

-

-

Operating lease assets and liabilities, net

-100

-

-

-

-

-

-

-

-

-

-

Loss on derivative contracts

-

-

-

-

-3

-38

13

28

-

-

-

Loss on disposition of fixed assets

-

-7

-4

-

-

-9

-1

-

-2

-

-

Long-term accrued income taxes

-19

136

68

-

-

-

-

-

-

-

-

Loss in unconsolidated affiliate

-

-

-

-

-

-

-

-

-5

-

-21

Working capital items:
Write-down of contingent earn-out debt

-

-

-

-

-

-

-

-

-

-125

-

Accounts receivable and unbilled receivables

-5,648

7,428

3,322

1,987

4,017

281

2,915

1,778

1,240

1,673

-1,908

Prepaid and other current assets

386

-283

618

173

-348

144

197

17

-189

848

170

Accounts payable

-100

-901

1,685

-250

699

-495

176

-312

-497

982

-801

Accrued payroll and related costs

174

-1,241

472

1,680

953

-190

1,141

468

810

729

-376

Other accrued liabilities

-264

-461

1,000

-945

1,094

348

-43

-99

114

-60

132

Deferred revenue

-21

-172

234

-145

191

72

-121

71

-45

137

-46

Net cash flows provided by operating activities of continuing operations

-

-

-

-

-

3,340

1,879

922

893

-

-

Net cash flows (used in) operating activities of discontinued operations

-

-

-

-

-

-87

1,332

75

-423

-

-

Net cash flows provided by operating activities

16,084

-471

3,347

2,292

3,027

3,253

3,211

997

470

423

2,712

INVESTING ACTIVITIES:
Acquisition of InfoTrellis, Inc. (net of cash acquired and issuance of contingent consideration)

-

-

34,799

-

-

-

-

-

-

-

-

Acquisition of Hudson IT (net of cash acquired)

-

-

-

-

16,987

-

-

-

-

1,145

-

Recovery of non-current deposits

-135

285

8

-67

-31

54

-10

-

-

-

-

(Payment for) Recovery of non-current deposits

-

-

-

-

-

-

-

8

53

69

-

Capital expenditures

1,014

771

1,127

105

168

679

100

136

205

134

148

Net cash flows (used in) investing activities of continuing operations

-

-

-

-

-

-733

-90

-144

-258

-

-

Net cash flows of investing activities of discontinued operations

-

-

-

-

-

0

1,000

-10

-65

-

-

Distribution from unconsolidated affiliate

-

-

-

-

-

-

-

-

-

-

15

Net cash flows (used in) investing activities

-879

-1,056

-35,934

-38

-17,124

-733

910

-154

-323

-1,348

-133

FINANCING ACTIVITIES:
(Repayments) borrowings on revolving credit facility, net

-3,976

4,526

5,364

-802

4,438

-12

-2,598

-

-

-

-

Borrowing on term loan facility

-

-

30,500

-

9,000

-

-

-

-

-

-

(Repayments) on term loan facility

9,575

4,003

7,253

1,800

900

-

-

-

-

-

-

Proceeds from the issuance of common stock

168

-

6,000

-

-

-

-

-

-

-

-

Dividends paid on common stock

-

-

-

-

-

-

2,123

6,682

-

-

-

Payment of deferred financing costs

-

71

435

-

75

60

-

-

84

-

-

Proceeds from (payment of) short-term borrowings, net

-

-

-

-

-

-

-

2,610

-

-

-

Purchase of treasury stock

13

20

20

13

206

784

16

2,549

616

-

-

Proceeds from exercise of stock options

7

118

70

101

17

13

131

624

24

178

49

Net cash flows of financing activities of discontinued operations

-

-

-

-

-

0

0

0

0

-

-

Net cash flows provided by (used in) financing activities

-

-

-

-

12,377

-376

-4,356

-5,939

-726

-

-

Net cash flows (used in) financing activities

-13,389

550

34,226

-2,273

-

-

-

-5,939

-726

146

173

Increase in excess tax benefits related to stock options / restricted shares, net

-

-

-

-241

-103

-

-

-

-

-

-

Increase in excess tax benefits related to stock options / restricted shares, net

-

-

-

-

-

467

250

58

-50

-32

124

Net cash flows provided by financing activities

-

-

-

-

12,377

-376

-4,356

-5,939

-726

-

-

Effect of exchange rate changes on cash and cash equivalents

-129

-207

10

-

-

-

-

-

-

-

-

Net change in cash and cash equivalents

1,687

-1,184

1,649

-19

-

-

-

-

-

-

-

Net change in cash and cash equivalents

-

-

-

-

-1,720

2,144

-235

-5,096

-579

-779

2,752

SUPPLEMENTAL DISCLOSURE:
Cash payments for interest expense

1,780

2,060

925

430

-

-

-

-

-

-

-

Cash payments for interest expense

-

-

-

-

243

116

65

40

113

22

20

Cash payments for income taxes

2,634

2,031

1,506

2,304

309

1,629

2,275

1,093

791

276

757

Capital expenditures in accounts payable

-

-

312

-

-

-

-

-

-

-

-