← HACKETT GROUP, INC.

Annual Trend FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net income $9.7m $13.8m $27.4m $23.9m $23.3m $5.5m $40.8m $34.2m $29.6m $12.9m
Net Income From Continuing Operations — — — — — — $40.8m $34.2m $29.6m $12.9m
Net Income (Loss) Attributable to Parent $9.7m $21.5m $27.4m $23.9m $23.3m $41.5m $40.8m $34.2m $29.6m $12.9m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — — $23.9m $23.3m $41.5m $40.8m $34.2m $29.6m $12.9m
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — — — — — — — — — —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — $27.4m $23.3m $41.6m $40.8m $34.2m — —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest — — — ($3.5m) ($6k) ($7k) — — — —
Depreciation, Depletion and Amortization — $2.5m $2.4m $2.5m $3.2m $3.4m $3.4m $3.4m $3.9m $5.2m
Amortization of Debt Issuance Costs $95k $106k $90k $91k $91k $45k $82k $72k $78k $90k
Amortization of Intangible Assets — $1.1m $2.1m $2.4m $1.0m $1.0m $154k — $148k $996k
Depreciation — $2.5m $2.4m $2.5m $3.2m $3.4m $3.3m $3.4m $3.8m $4.2m
Amortization Cash Flow — — — — — — $154k $0 $148k $996k
Amortization Of Intangibles — — — — — — $154k $0 $148k $996k
Depreciation Amortization Depletion — — — — — — $3.4m $3.4m $3.9m $5.2m
Depreciation expense $2.4m $2.6m $2.4m $2.5m $3.2m $3.5m $3.3m $3.4m $3.8m $4.2m
Amortization expense $2.2m $2.2m $2.1m $2.4m $1.0m $977k $154k — $148k $996k
Deferred Income Tax Expense (Benefit) $1.9m $2.3m ($1.8m) $223k $999k $1.5m ($480k) $1.4m ($346k) $2.3m
Deferred Income Tax — — — — — — ($480k) $1.4m ($346k) $2.3m
Deferred Tax — — — — — — ($480k) $1.4m ($346k) $2.3m
Share-based Payment Arrangement, Noncash Expense — $8.8m $10.3m $9.3m $7.7m $10.1m $10.3m $10.7m $11.8m $10.9m
Payment, Tax Withholding, Share-based Payment Arrangement — — — — — — $3.2m $3.8m $4.1m $11.9m
Goodwill, Impairment Loss — — — — — — — — — —
Operating Lease, Impairment Loss — — — — — — $400k — — —
Restructuring Costs and Asset Impairment Charges — — — — — $0 ($651k) — — —
Share-based Payment Arrangement, Expensed and Capitalized, Amount — $8.8m $10.3m $9.3m $7.7m $10.1m $10.3m $10.7m $19.5m $30.6m
Asset Impairment Charge — — — — — $0 $0 — — —
Non-cash stock compensation expense $6.4m $10.4m $10.3m $9.3m $7.7m $9.7m $10.3m $10.7m $19.5m $30.7m
Income Tax Expense (Benefit) $1.9m $12.6m $2.9m $5.6m $7.7m $4.8m $14.3m $11.9m $13.4m $8.9m
Operating Lease, Expense — — — — $2.8m $1.0m $1.2m $1.1m $1.2m $1.3m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable — — $5.3m $2.6m ($4.3m) $16.9m $2.6m ($3.8m) ($5.5m) ($2.5m)
Increase (Decrease) in Accounts Payable ($171k) $790k ($1.1m) ($1.0m) $1.1m $1.6m $1.1m ($1.2m) ($1.1m) ($231k)
Foreign Currency Transaction Gain (Loss), before Tax $8k $594k ($695k) $592k $90k $130k $1.4m ($404k) ($19k) ($190k)
General and Administrative Expense — — — — — — $21.2m $19.8m $20.8m $20.5m
Goodwill — $72.4m $85.1m $84.2m $84.6m $85.1m $83.5m $84.2m $89.8m $90.7m
Investment Income, Interest — — — — — — — — — —
Proceeds from Stock Options Exercised — — — — — $2k $600k — — —
Restructuring Costs — — $1.3m — $3.3m — — — — $3.1m
Cash Flow From Continuing Operating Activities $16.0m $36.2m $26.5m $32.4m $42.4m $44.1m $58.9m $37.4m $47.7m $40.3m
Beginning Cash Position — — — — — — $45.8m $30.3m $21.0m $16.4m
Cash Flow From Continuing Financing Activities — — — — — — ($69.7m) ($42.6m) ($41.7m) ($29.8m)
Cash Flow From Continuing Investing Activities — — — — — — ($4.7m) ($4.1m) ($10.6m) ($8.6m)
Change In Account Payable — — — — — — $1.1m ($1.2m) ($1.1m) ($231k)
Change In Accrued Expense — — — — — — ($6.4m) ($2.7m) $364k ($2.1m)
Change In Income Tax Payable — — — — — — $5.8m ($3.4m) $1.4m ($3.7m)
Change In Other Working Capital — — — — — — ($1.3m) ($1.2m) ($999k) ($174k)
Change In Payable — — — — — — $6.8m ($4.6m) $339k ($3.9m)
Change In Payables And Accrued Expense — — — — — — $379k ($7.3m) $703k ($6.0m)
Change In Prepaid Assets — — — — — — $4.4m ($489k) ($203k) ($2.9m)
Change In Receivables — — — — — — $2.6m ($3.8m) ($5.5m) ($2.5m)
Change In Tax Payable — — — — — — $5.8m ($3.4m) $1.4m ($3.7m)
Change In Working Capital — — — — — — $6.1m ($12.8m) ($6.0m) ($11.5m)
Changes In Cash — — — — — — ($15.5m) ($9.3m) ($4.6m) $1.9m
End Cash Position — — — — — — $30.3m $21.0m $16.4m $18.2m
Financing Cash Flow — — — — — — ($69.7m) ($42.6m) ($41.7m) ($29.8m)
Free Cash Flow — — — — — — $54.2m $33.3m $43.6m $32.4m
Investing Cash Flow — — — — — — ($4.7m) ($4.1m) ($10.6m) ($8.6m)
Issuance Of Capital Stock — — — — — $755k $876k $937k — —
Net Business Purchase And Sale — — — — — — $0 $0 ($6.5m) ($767k)
Net Foreign Currency Exchange Gain Loss — — — — — — ($1.4m) $404k $19k $190k
Net PPE Purchase And Sale — — — — — — ($4.7m) ($4.1m) ($4.1m) ($7.9m)
Operating Gains Losses — — — — — — ($1.4m) $404k $19k $190k
Other Non Cash Items — — — — — — $82k $72k $78k $90k
Proceeds From Stock Option Exercised — — — — — — $876k $937k $998k $1.2m
Provisionand Write Offof Assets — — — — — — $91k $27k $878k $479k
Purchase Of Business — — — — — — $0 $0 ($6.5m) ($767k)
Purchase Of PPE — — — — — — ($4.7m) ($4.1m) ($4.1m) ($7.9m)
Repurchase Of Capital Stock — — — — — — ($116.6m) ($734k) ($6.4m) ($69.1m)
Stock Based Compensation — — — — — — $10.3m $10.7m $19.5m $30.7m
Provision for doubtful accounts $785k $89k $117k $668k $1.1m $342k $91k $27k $878k $479k
Loss on foreign currency transactions $8k $170k $695k ($592k) ($90k) ($49k) ($1.4m) $404k $19k $190k
Increase in accounts receivable and contract assets — — — ($2.6m) $4.3m $16.9m $2.6m ($3.8m) ($5.5m) ($2.5m)
Increase in prepaid expenses and other assets — $135k ($887k) ($1.9m) $1.4m $261k $4.4m ($489k) ($203k) ($2.9m)
Decrease in accounts payable ($171k) $390k ($1.1m) ($1.0m) $1.1m ($2.4m) $1.1m ($1.2m) ($1.1m) ($231k)
(Decrease) increase in accrued expenses and other liabilities ($5.1m) $9.3m ($7.6m) ($11.7m) ($2.9m) $6.8m ($6.4m) ($2.7m) $364k ($2.1m)
Decrease in contract liabilities — — — — — $5.9m ($1.3m) ($1.2m) ($999k) ($174k)
Increase (decrease) in income tax payable — — — — — ($2.0m) $5.8m ($3.4m) $1.4m ($3.7m)
Cash consideration paid for acquisitions — — ($11.3m) — ($1.0m) — — — ($6.5m) ($767k)
Proceeds from ESPP — — — — — — $876k $937k $998k $1.2m
Cash at beginning of year $18.2m $23.5m $19.7m $17.5m $26.0m $49.5m $30.3m $21.0m $16.4m $18.2m
Shares issued to sellers and key personnel of LeewayHertz — — $3.6m — $973k — — — $11.9m —
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax — — — ($3.5m) ($6k) ($7k) — — — —
Net cash provided by operating activities $16.0m $36.2m $26.5m $32.4m $42.4m $44.1m $58.9m $37.4m $47.7m $40.3m
Net Cash Provided by (Used in) Operating Activities $16.0m $36.2m $26.5m $32.4m $42.4m $46.4m $58.9m $37.4m $47.7m $40.3m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $3.1m $3.2m $6.5m $9.6m $4.6m $3.2m $4.7m $4.1m $4.1m $7.9m
Payments to Acquire Businesses, Net of Cash Acquired — — — — — — — — $6.5m —
Net Cash Provided by (Used in) Investing Activities ($5.1m) ($3.0m) ($17.5m) ($9.6m) ($5.6m) ($3.2m) ($4.7m) ($4.1m) ($10.6m) ($8.6m)
Cash flows from financing activities:
Issuance Of Debt — — — — — — $60.0m $5.0m $0 $73.0m
Long Term Debt Issuance — — — — — — $60.0m $5.0m $0 $73.0m
Net Issuance Payments Of Debt — — — — — — $60.0m ($27.0m) ($20.0m) $63.0m
Net Long Term Debt Issuance — — — — — — $60.0m ($27.0m) ($20.0m) $63.0m
Debt proceeds $10.5m $2.5m $26.0m $5.0m $1.0m — $60.0m $5.0m — $73.0m
Debt issuance costs ($22k) ($14k) — — $0 ($21k) ($381k) ($14k) ($56k) ($7k)
Repayments of Long-term Debt — $23.0m $14.0m $17.5m $7.5m — — $32.0m $20.0m $10.0m
Long Term Debt Payments — — — — — — $0 ($32.0m) ($20.0m) ($10.0m)
Repayment Of Debt — — — — — — $0 ($32.0m) ($20.0m) ($10.0m)
Repayments of debt ($11.5m) ($20.8m) ($14.0m) ($17.5m) ($7.5m) — — ($32.0m) ($20.0m) ($10.0m)
Proceeds from Issuance of Common Stock $937k $945k $1.2m $778k $806k $755k $876k $937k — —
Common Stock Issuance — — — — — $755k $876k $937k — —
Net Common Stock Issuance — — — — — — ($116.6m) ($734k) ($6.4m) ($69.1m)
Payments for Repurchase of Common Stock — $34.1m $15.7m $4.8m $7.8m $34.6m $116.6m $734k $6.4m $69.1m
Payments of Ordinary Dividends, Common Stock — $7.2m $8.7m $10.0m $11.2m $12.9m $10.4m $12.0m $12.1m $12.9m
Common Stock Payments — — — — — — ($116.6m) ($734k) ($6.4m) ($69.1m)
Repurchases of common stock ($11.0m) ($3.8m) ($15.7m) ($4.8m) ($7.8m) ($4.5m) ($116.6m) ($734k) ($6.4m) ($69.1m)
Dividends Payable, Current — — $4.7m $5.4m $5.8m — $3.0m $3.0m $3.0m $3.0m
Cash Dividends Paid — — — — — — ($10.4m) ($12.0m) ($12.1m) ($12.9m)
Common Stock Dividend Paid — — — — — — ($10.4m) ($12.0m) ($12.1m) ($12.9m)
Dividends paid ($4) ($3) ($9) ($10) ($11) ($15) ($10) ($12) ($12) ($13)
Dividend declared during the year and paid the following year — — — — $5.8m — $3.0m $3.0m $3.0m $3.0m
Net Other Financing Charges — — — — — — ($3.6m) ($3.8m) ($4.1m) ($11.9m)
Net Cash Provided by (Used in) Financing Activities ($14.5m) ($24.2m) ($11.2m) ($26.6m) ($24.7m) ($46.7m) ($69.7m) ($42.6m) ($41.7m) ($29.8m)
Effect Of Exchange Rate Changes — — — — — — ($51k) ($33k) ($38k) ($74k)
Effect of exchange rate on cash $30k ($43k) ($5k) $78k $60k $48k ($51k) ($33k) ($38k) ($74k)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $30k ($43k) ($5k) $78k $12.1m ($3.7m) ($15.5m) ($9.3m) ($4.6m) $1.8m
Net increase (decrease) in cash ($3.6m) ($3.8m) ($2.2m) ($3.7m) $12.1m $23.5m ($15.5m) ($9.3m) ($4.6m) $1.8m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($15.5m) ($9.3m) ($4.6m) $1.8m
Interest Paid, Excluding Capitalized Interest, Operating Activities $538k $335k $510k $541k $231k $57k $78k $3.5m $1.9m $1.6m
Income Taxes Paid, Net $893k $8.8m $3.7m $8.0m $5.8m $9.1m $4.5m $13.3m $11.6m $13.1m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.