← Mastech Digital, Inc.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 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 (Loss) Attributable to Parent $2.5m $1.6m $6.7m $11.1m $9.9m $12.2m $8.7m ($7.1m) $3.4m $609k
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — $6.7m $11.1m $9.9m $12.2m $8.7m ($7.1m) $3.4m $609k
Depreciation, Depletion and Amortization $203k $1.9m $3.2m $3.4m $3.6m $4.0m $4.2m $3.9m $3.5m $3.3m
Amortization of Debt Issuance Costs $38k $99k $100k $104k $284k $82k $73k $73k $95k $94k
Amortization of Intangible Assets $813k $1.7m $2.7m $2.7m $2.8m $3.2m $3.0m $2.8m $2.7m $2.6m
Depreciation, Amortization and Accretion, Net $1.0m $1.9m $3.2m $3.4m $3.6m $4.0m $4.2m $3.9m $3.5m $3.3m
Deferred Income Tax Expense (Benefit) $55k ($234k) $171k $1.3m ($1.8m) $1.1m $655k ($1.7m) ($509k) ($1.3m)
Share-based Payment Arrangement, Noncash Expense $408k $381k $470k $936k $2.0m $2.2m $2.2m $3.1m $2.2m $3.1m
Goodwill, Impairment Loss — — $9.7m — — — — $5.3m $0 $0
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property — ($4k) ($7k) — ($4k) ($9k) $0 ($1k) ($24k) ($4k)
Income Tax Expense (Benefit) $1.5m $1.3m $2.7m $4.1m $2.8m $4.7m $3.8m ($1.9m) $1.0m $453k
Other Nonoperating Income (Expense) ($25k) ($2k) ($40k) $11k $96k ($49k) $650k ($75k) $27k $217k
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Payable ($250k) $1.7m ($901k) ($100k) ($1.6m) $2.4m ($479k) $186k $39k ($1.2m)
Foreign Currency Transaction Gain (Loss), before Tax — ($10k) — — — — — — — —
General and Administrative Expense — — — — — — — — $21.2m —
Goodwill $8.4m $35.8m $26.1m $26.1m $32.5m $32.5m $32.5m $27.2m $27.2m $27.2m
Operating Costs and Expenses — — $32.2m $37.1m $38.1m $44.7m $51.0m $51.9m $51.8m $53.1m
Operating Expenses — — $30.9m $31.0m $38.1m $41.8m $51.0m $60.3m $9.4m —
Payments of Financing Costs — $435k $71k — $246k $223k $0 $64k $0 $0
Proceeds from Stock Options Exercised $101k $70k $118k $7k $1.3m $229k $1.3m $0 $511k $1.0m
Net Cash Provided by (Used in) Operating Activities $2.3m $3.4m ($471k) $16.1m $21.2m $5.2m $12.6m $16.0m $7.2m $11.1m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $105k $1.1m $771k $1.0m $298k $1.9m $835k $335k $941k $376k
Net Cash Provided by (Used in) Investing Activities ($38k) ($35.9m) ($1.1m) ($879k) ($9.6m) ($2.1m) ($818k) ($216k) ($941k) ($486k)
Cash flows from financing activities:
Proceeds from Issuance of Common Stock — $6.0m — $168k $222k $301k $263k $204k $223k $91k
Net Cash Provided by (Used in) Financing Activities ($2.3m) $34.2m $550k ($13.4m) ($6.7m) ($4.1m) ($10.4m) ($1.6m) $654k ($1.1m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — $10k ($207k) ($129k) ($187k) ($94k) ($948k) ($94k) ($310k) ($732k)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — $10k ($1.2m) $1.7m $4.7m ($1.1m) $435k $14.1m $6.6m $8.8m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $1.3m — — — $7.1m $21.1m $27.7m $36.5m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — — $2.1m $1.8m $779k $623k $324k $43k $0 $0
Income Taxes Paid, Net $2.3m $1.5m $2.0m $2.6m $2.7m $3.8m $2.2m $1.4m $2.2m $868k

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