Mastech digital, inc. (MHH)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17May'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
OPERATING ACTIVITIES:
Net income

1,869

2,274

1,949

5,958

964

874

1,620

2,817

1,380

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

696

-

201

-

924

945

11

1,289

887

382

195

782

879

893

869

961

1,480

789

575

728

601

458

352

253

441

382

37

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

481

86

-31

-

-

-

-

-

-

-

-

Depreciation and amortization

873

857

869

869

839

840

828

766

748

762

674

-

254

252

253

259

249

255

258

259

88

55

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bad debt expense

-

-

-

-

-

0

0

0

10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32

28

31

-

38

43

42

33

24

54

47

-8

44

45

45

Bad debt (credit) expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-75

0

0

-50

Interest amortization of deferred financing costs

26

26

26

26

26

26

26

26

22

17

63

-

10

9

9

10

9

10

9

9

6

5

5

9

6

8

6

8

6

7

8

6

7

7

-

-

-

-

Stock-based compensation expense

456

170

263

267

236

129

116

120

105

96

70

-

108

107

110

113

70

115

-37

106

98

95

35

123

87

85

275

90

82

85

70

75

39

38

30

56

62

64

Deferred income taxes, net

-182

-57

-75

1,549

-95

-378

269

287

-7

-336

74

-

20

8

-53

182

201

-275

10

112

-44

-79

-

-

11

8

-66

11

-8

-68

125

34

69

-77

-102

155

-48

-28

Operating lease assets and liabilities, net

37

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on derivative contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-23

-4

31

-7

-27

-32

34

-13

34

-19

6

-8

-

-

-

-

-

-

-

-

Loss on disposition of fixed assets

-2

-

-

-

-

-

-

-

-

0

0

-

0

-4

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss in unconsolidated affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-3

0

-2

Working capital items:
Accounts receivable and unbilled receivables

1,244

-2,608

-781

-3,310

1,051

-93

2,768

1,844

2,909

438

1,450

-

-841

2,275

-3,237

1,634

1,920

1,670

-886

3,058

1,723

122

-482

536

3,100

-2,873

-386

191

1,394

1,716

-271

-80

600

1,529

-1,363

672

595

1,336

Prepaid and other current assets

-492

196

52

248

-110

-213

458

228

-756

-462

325

-

732

23

-62

105

-8

138

-240

208

-350

34

6

2

152

-16

-68

105

332

-172

-277

270

311

-287

-27

669

-263

-568

Accounts payable

-587

-332

450

-22

-196

1,403

-837

-834

-633

1,477

-1,069

-

288

989

-110

-828

528

160

-735

182

848

404

53

-503

95

-140

-468

-15

146

513

225

-223

-239

-75

185

-189

581

-1,074

Accrued payroll and related costs

1,554

-1,926

-260

2,472

-112

-322

-1,079

2,000

-1,840

1,594

-1,203

-

2,446

-2,365

1,688

-1,165

1,840

-683

911

-671

781

-68

-1,233

1,675

-1,129

497

-875

1,820

-468

664

-909

1,379

-542

540

-914

1,420

-67

371

Other accrued liabilities

-276

-375

232

-448

327

-401

-445

-232

617

9

1,177

-

-136

-50

96

-194

-253

-594

-

-

-

2

356

134

-90

-52

-2

-3

-34

-4

-117

56

-10

-28

45

75

40

-46

Deferred revenue

-151

-9

72

-164

80

139

21

-93

-239

358

30

-

-43

-111

22

-30

-73

-64

221

-47

105

-88

-56

63

30

35

4

-48

34

-111

73

46

0

-48

-7

12

-45

-5

Net cash flows provided by operating activities of continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

524

1,928

2,449

-1,561

285

2,624

-1,166

136

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

353

788

384

-193

-

-

-

-

-

-

-

-

Net cash flows provided by operating activities

2,795

3,021

4,310

7,625

1,128

2,802

-2,707

1,424

-1,990

4,944

-2,095

-

3,752

-3,254

6,004

-2,468

1,629

-2,873

4,002

-2,205

858

372

-

-

-

-

638

3,412

-782

-57

984

1,575

-1,076

-486

628

676

618

-1,452

Recovery of non-current deposits

-17

-5

-37

-84

-9

21

155

70

39

67

-74

-

9

6

-

-

-

-

6

-1

-4

-32

53

-3

2

2

-

-

-

-

-

-

-

-

-

-

-

-

(Payment for) Recovery of non-current deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3

-12

1

11

27

7

-37

-

-

-

-

Capital expenditures

119

128

292

190

404

235

93

313

130

231

499

-

360

37

-

-

-

-

36

28

47

57

256

271

137

15

22

5

47

26

20

8

37

71

103

30

50

22

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-309

-268

-139

-17

-26

-2

-35

-27

-

-

-

-

-

-

-

-

Net cash flows of investing activities of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

1,005

-5

-4

-

-

-

-

-

-

-

-

Net cash flows (used in) investing activities

-102

-123

-255

-106

-395

-256

-248

-383

-169

-367

-35,155

-

-369

-43

-

-

-

-

-42

-27

-17,030

-25

-

-

-

-

-22

1,003

-40

-31

-52

-24

-44

-34

-221

-30

-50

-22

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

-2,244

4,252

-4,701

-4,183

656

-2,473

5,456

-398

1,941

-4,325

9,132

-

-3,237

3,794

-5,676

2,799

-1,230

3,305

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Repayments) on term loan facility

1,144

6,143

1,144

1,144

1,144

1,144

953

953

953

953

5,400

-

450

450

450

450

450

450

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from short-term borrowings, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,620

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from short-term borrowings, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-56

-

-

-

-

-

-

-

-

Purchase of treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

0

0

201

121

391

0

272

-

-

-

-

27

31

0

2,491

247

239

113

17

Proceeds from exercise of stock options

556

-

-

-

-

8

108

0

2

-

-

-

-

-

-

-

-

-

0

0

1

16

0

-1

5

9

115

11

2

3

557

24

34

9

-

-

-

-

Net cash flows of financing activities of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

Net cash flows provided by (used in) financing activities

-

-

-

-

-

-

-

-

-

-

-

-3,626

-

3,344

-

2,498

-1,684

2,855

-3,810

2,440

13,809

-62

-108

-361

-1,569

1,662

-1,806

-3,417

808

59

-

-

-

-

-

-

-

-

Net cash flows (used in) financing activities

-2,832

-1,822

-5,845

-5,234

-488

-3,609

4,611

-1,442

990

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,417

808

59

-3,526

15

59

-2,487

-266

-365

-78

-17

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-19

11

123

13

91

58

305

-

-

-

-

16

22

25

-5

-

-

-

-

Net cash flows provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-3,626

-

3,344

-

2,498

-1,684

2,855

-3,810

2,440

13,809

-62

-108

-361

-1,569

1,662

-1,806

-3,417

808

59

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

-267

-58

-116

36

9

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

-

-

-42

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash and cash equivalents

-406

-

-

-

254

-

-

-

-1,211

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-243

-

47

-

3

-95

-18

150

208

-2,363

285

20

1,299

741

84

-1,190

998

-14

-29

-2,594

1,566

-1,061

-3,007

141

281

490

-1,491