Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Startek.
Income Statement
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 | December 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $385.07M | $703.63M | $640.22M | $657.91M | $535.41M | $292.60M | $307.20M | $282.13M | $250.08M | $231.26M |
| Cost of Revenue | $327.28M | $606.03M | $550.60M | $547.01M | $449.53M | $260.24M | $270.78M | $257.83M | $219.61M | $206.93M |
| Gross Profit | $57.80M | $97.60M | $89.62M | $110.90M | $85.88M | $32.36M | $36.42M | $24.30M | $30.47M | $24.32M |
| Gross Profit Ratio | 15.01% | 13.90% | 14.00% | 16.86% | 16.04% | 11.06% | 11.86% | 8.61% | 12.18% | 10.52% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $- | $60.02M | $32.58M | $33.20M | $34.43M | $31.40M | $28.83M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $14.40M | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $48.68M | $54.64M | $62.12M | $91.36M | $74.42M | $32.58M | $33.20M | $34.43M | $31.40M | $28.83M |
| Other Expenses | $- | $2.95M | $214.00K | $424.00K | $11.00M | $637.00K | $-178.00K | $35.00K | $464.00K | $-4.00K |
| Operating Expenses | $48.68M | $54.64M | $62.12M | $91.36M | $95.05M | $32.58M | $33.20M | $34.43M | $31.40M | $28.83M |
| Cost and Expenses | $375.96M | $660.67M | $612.72M | $638.38M | $544.58M | $292.83M | $303.98M | $292.26M | $251.00M | $235.76M |
| Interest Income | $249.00K | $518.00K | $580.00K | $858.00K | $14.39M | $5.00K | $- | $2.00K | $15.00K | $88.00K |
| Interest Expense | $9.83M | $19.17M | $13.38M | $16.68M | $- | $970.00K | $1.75M | $1.14M | $6.00K | $1.58M |
| Depreciation and Amortization | $22.59M | $28.14M | $28.20M | $29.72M | $20.46M | $11.08M | $12.25M | $13.26M | $10.38M | $12.53M |
| EBITDA | $31.71M | $42.01M | $53.54M | $49.89M | $37.95M | $10.86M | $15.47M | $3.14M | $9.45M | $8.02M |
| EBITDA Ratio | 8.00% | 11.05% | 8.70% | 7.58% | 7.09% | 3.71% | 5.04% | 1.11% | 3.78% | 3.47% |
| Operating Income | $23.11M | $49.64M | $27.47M | $20.16M | $11.46M | $-742.00K | $2.86M | $-14.01M | $-4.89M | $-4.60M |
| Operating Income Ratio | 6.00% | 7.05% | 4.29% | 3.07% | 2.14% | -0.25% | 0.93% | -4.97% | -1.96% | -1.99% |
| Total Other Income Expenses Net | $-5.32M | $-752.00K | $-53.36M | $-18.21M | $-35.01M | $-970.00K | $-1.75M | $-5.03M | $-3.97M | $-1.67M |
| Income Before Tax | $3.80M | $21.59M | $-25.88M | $-8.49M | $-23.55M | $-1.71M | $1.11M | $-15.15M | $-4.90M | $-6.18M |
| Income Before Tax Ratio | 0.99% | 3.07% | -4.04% | -1.29% | -4.40% | -0.59% | 0.36% | -5.37% | -1.96% | -2.67% |
| Income Tax Expense | $4.09M | $11.87M | $7.76M | $4.79M | $3.90M | $-436.00K | $718.00K | $464.00K | $564.00K | $230.00K |
| Net Income | $-285.00K | $9.73M | $-33.64M | $-13.28M | $-30.46M | $-1.28M | $395.00K | $-15.62M | $-5.46M | $-6.41M |
| Net Income Ratio | -0.07% | 1.38% | -5.26% | -2.02% | -5.69% | -0.44% | 0.13% | -5.53% | -2.18% | -2.77% |
| EPS | $-0.01 | $0.24 | $-0.85 | $-0.35 | $-1.09 | $-0.08 | $0.03 | $-1.01 | $-0.35 | $-0.42 |
| EPS Diluted | $-0.01 | $0.24 | $-0.85 | $-0.35 | $-1.09 | $-0.08 | $0.02 | $-1.01 | $-0.35 | $-0.42 |
| Weighted Average Shares Outstanding | 39.38M | 40.72M | 39.38M | 38.13M | 28.04M | 15.97M | 15.73M | 15.53M | 15.39M | 15.34M |
| Weighted Average Shares Outstanding Diluted | 40.30M | 41.09M | 39.44M | 38.13M | 28.04M | 15.97M | 16.26M | 15.53M | 15.39M | 15.34M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 | December 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $22.46M | $47.94M | $44.51M | $20.46M | $16.62M | $1.46M | $1.04M | $2.63M | $5.31M | $10.99M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Cash and Short Term Investments | $22.46M | $47.94M | $44.51M | $20.46M | $16.62M | $1.46M | $1.04M | $2.63M | $5.31M | $10.99M |
| Net Receivables | $71.34M | $73.59M | $133.34M | $149.93M | $149.97M | $53.05M | $60.18M | $57.94M | $46.10M | $44.35M |
| Inventory | $252.78M | $7.46M | $6.05M | $12.16M | $7.95M | $- | $- | $- | $- | $- |
| Other Current Assets | $261.94M | $119.36M | $20.59M | $24.17M | $26.80M | $3.64M | $3.81M | $3.45M | $3.10M | $4.72M |
| Total Current Assets | $355.74M | $225.02M | $198.44M | $194.56M | $193.39M | $58.15M | $65.03M | $64.02M | $54.51M | $60.06M |
| Property Plant Equipment Net | $59.40M | $97.18M | $103.60M | $111.20M | $42.24M | $19.94M | $23.28M | $30.36M | $28.18M | $22.21M |
| Goodwill | $120.50M | $183.40M | $183.40M | $219.34M | $225.45M | $9.08M | $9.08M | $9.15M | $4.14M | $1.64M |
| Intangible Assets | $79.75M | $90.09M | $100.44M | $110.81M | $121.34M | $5.56M | $6.70M | $7.85M | $2.61M | $1.16M |
| Goodwill and Intangible Assets | $200.25M | $273.49M | $283.84M | $330.15M | $346.79M | $14.63M | $15.77M | $17.00M | $6.75M | $2.80M |
| Long Term Investments | $- | $31.69M | $111.00K | $553.00K | $2.10M | $- | $-16.11M | $-18.34M | $-8.17M | $-4.95M |
| Tax Assets | $2.77M | $3.66M | $5.29M | $5.25M | $5.05M | $- | $333.00K | $1.35M | $1.43M | $2.15M |
| Other Non-Current Assets | $7.89M | $11.44M | $13.37M | $16.37M | $15.08M | $3.27M | $18.50M | $21.29M | $11.11M | $7.44M |
| Total Non-Current Assets | $270.31M | $417.46M | $406.21M | $463.52M | $411.25M | $37.85M | $41.78M | $51.66M | $39.28M | $29.65M |
| Other Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Assets | $626.04M | $642.48M | $604.65M | $658.08M | $604.64M | $96.00M | $106.81M | $115.67M | $93.79M | $89.72M |
| Account Payables | $2.43M | $11.92M | $20.07M | $25.45M | $26.89M | $7.02M | $7.61M | $9.47M | $10.43M | $8.48M |
| Short Term Debt | $149.22M | $34.24M | $15.51M | $64.40M | $33.59M | $2.73M | $28.77M | $35.71M | $4.64M | $1.00M |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $53.20M | $57.12M | $- | $-1.82M | $14.96M | $15.85M | $16.43M | $11.84M | $486.00K |
| Other Current Liabilities | $136.81M | $102.11M | $118.61M | $82.60M | $84.88M | $16.20M | $17.99M | $18.52M | $16.60M | $18.54M |
| Total Current Liabilities | $288.46M | $147.63M | $154.19M | $172.45M | $145.36M | $25.95M | $54.36M | $63.70M | $31.67M | $28.50M |
| Long Term Debt | $67.83M | $202.18M | $73.56M | $184.49M | $152.10M | $22.21M | $5.50M | $8.19M | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $-486.00K | $- | $-6.00M | $-9.45M | $- | $- |
| Deferred Tax Liabilities Non-Current | $15.51M | $17.53M | $17.71M | $18.23M | $18.90M | $- | $499.00K | $1.26M | $1.43M | $2.15M |
| Other Non-Current Liabilities | $2.68M | $21.82M | $112.31M | $11.14M | $11.91M | $905.00K | $1.70M | $1.86M | $6.01M | $894.00K |
| Total Non-Current Liabilities | $86.02M | $241.53M | $203.58M | $213.85M | $182.91M | $23.11M | $7.70M | $10.05M | $7.44M | $3.04M |
| Other Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities | $374.48M | $389.15M | $357.77M | $386.30M | $328.27M | $49.06M | $62.06M | $73.75M | $39.11M | $31.54M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $9.00K |
| Common Stock | $411.00K | $409.00K | $405.00K | $385.00K | $374.00K | $162.00K | $158.00K | $157.00K | $154.00K | $154.00K |
| Retained Earnings | $-86.30M | $-84.04M | $-85.54M | $-46.15M | $-31.13M | $-37.20M | $-35.92M | $-36.32M | $-20.70M | $-15.24M |
| Accumulated Other Comprehensive Income Loss | $-16.06M | $-10.69M | $-7.29M | $-6.02M | $-5.55M | $1.38M | $-49.00K | $-351.00K | $-825.00K | $-1.01M |
| Other Total Stockholders Equity | $289.72M | $289.62M | $288.70M | $276.83M | $261.77M | $82.59M | $80.56M | $78.44M | $76.06M | $74.27M |
| Total Stockholders Equity | $187.77M | $195.30M | $196.28M | $225.04M | $231.02M | $46.94M | $44.74M | $41.92M | $54.68M | $58.17M |
| Total Equity | $251.57M | $253.32M | $246.88M | $271.78M | $276.37M | $46.94M | $90.25M | $41.84M | $54.68M | $58.17M |
| Total Liabilities and Stockholders Equity | $626.04M | $642.48M | $604.65M | $658.08M | $604.64M | $96.00M | $106.81M | $115.67M | $93.79M | $89.72M |
| Minority Interest | $63.79M | $58.02M | $50.61M | $46.74M | $45.36M | $- | $45.51M | $-90.00K | $- | $- |
| Total Liabilities and Total Equity | $626.04M | $642.48M | $604.65M | $658.08M | $604.64M | $96.00M | $106.81M | $115.67M | $93.79M | $89.72M |
| Total Investments | $- | $31.69M | $111.00K | $553.00K | $2.10M | $- | $-16.11M | $-18.34M | $-8.17M | $-4.95M |
| Total Debt | $217.05M | $238.68M | $207.38M | $248.89M | $185.69M | $24.93M | $34.27M | $43.90M | $4.64M | $1.00M |
| Net Debt | $194.59M | $190.74M | $162.87M | $228.42M | $169.07M | $23.48M | $33.23M | $41.27M | $-666.00K | $-9.99M |
Cash Flow Statement
| Breakdown | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 | December 31, 2014 | December 31, 2013 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $-285.00K | $9.73M | $-33.64M | $-13.28M | $-30.46M | $-1.28M | $395.00K | $-15.62M | $-5.46M | $-6.41M |
| Depreciation and Amortization | $22.59M | $28.14M | $28.20M | $29.72M | $26.49M | $11.08M | $12.25M | $13.26M | $10.38M | $12.53M |
| Deferred Income Tax | $-3.21M | $1.39M | $-276.00K | $-1.10M | $7.00K | $-838.00K | $234.00K | $-72.00K | $876.00K | $166.00K |
| Stock Based Compensation | $1.55M | $1.42M | $832.00K | $1.52M | $674.00K | $1.01M | $1.72M | $1.47M | $1.62M | $1.61M |
| Change in Working Capital | $-11.36M | $-22.36M | $29.06M | $-607.00K | $-5.99M | $4.71M | $-3.43M | $-3.11M | $-1.34M | $-3.29M |
| Accounts Receivables | $-4.42M | $-26.21M | $19.97M | $-4.49M | $-5.99M | $7.19M | $-2.34M | $-2.45M | $-2.44M | $-2.71M |
| Inventory | $- | $8.54M | $11.06M | $5.16M | $-20.55M | $-34.14M | $-9.42M | $-1.75M | $-22.68M | $-669.00K |
| Accounts Payables | $-2.36M | $-7.74M | $-4.63M | $-734.00K | $-669.00K | $-537.00K | $-2.33M | $764.00K | $948.00K | $435.00K |
| Other Working Capital | $-4.58M | $3.05M | $2.67M | $-542.00K | $48.03M | $32.20M | $10.66M | $321.00K | $22.84M | $-348.00K |
| Other Non Cash Items | $15.56M | $10.82M | $41.88M | $10.31M | $9.24M | $838.00K | $-234.00K | $-282.00K | $-1.70M | $1.64M |
| Net Cash Provided by Operating Activities | $24.85M | $29.13M | $66.05M | $26.56M | $5.27M | $15.53M | $10.94M | $-4.35M | $4.38M | $6.24M |
| Investments in Property Plant and Equipment | $-12.03M | $-17.57M | $-17.41M | $-15.56M | $-10.61M | $-7.18M | $-3.80M | $-7.72M | $-11.66M | $-8.84M |
| Acquisitions Net | $45.68M | $-24.90M | $395.00K | $1.31M | $- | $- | $-825.00K | $-18.26M | $-3.42M | $-2.10M |
| Purchases of Investments | $- | $-3.00M | $- | $- | $- | $- | $- | $- | $- | $- |
| Sales Maturities of Investments | $- | $27.90M | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Investing Activities | $-173.00K | $-27.90M | $395.00K | $1.31M | $1.57M | $350.00K | $40.00K | $982.00K | $1.78M | $5.39M |
| Net Cash Used for Investing Activities | $33.48M | $-45.47M | $-17.02M | $-14.26M | $-9.04M | $-6.83M | $-4.58M | $-25.00M | $-13.30M | $-5.55M |
| Debt Repayment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Issued | $386.00K | $1.51M | $9.03M | $6.71M | $4.61M | $1.02M | $400.00K | $181.00K | $118.00K | $97.00K |
| Common Stock Repurchased | $-1.84M | $-1.91M | $- | $- | $4.61M | $- | $-248.00K | $-6.15M | $- | $- |
| Dividends Paid | $- | $- | $- | $- | $-4.46M | $- | $- | $- | $- | $- |
| Other Financing Activities | $3.21M | $22.07M | $-31.21M | $-3.95M | $12.77M | $-8.78M | $-8.84M | $26.52M | $3.42M | $1.21M |
| Net Cash Used Provided by Financing Activities | $3.21M | $22.07M | $-31.21M | $-3.95M | $8.31M | $-8.78M | $-8.84M | $26.52M | $3.42M | $1.21M |
| Effect of Forex Changes on Cash | $-1.79M | $-898.00K | $106.00K | $-295.00K | $-1.57M | $508.00K | $902.00K | $153.00K | $-179.00K | $-98.00K |
| Net Change in Cash | $59.75M | $4.84M | $17.93M | $8.06M | $23.27M | $417.00K | $-1.59M | $-2.68M | $-5.68M | $1.81M |
| Cash at End of Period | $115.15M | $55.40M | $50.56M | $32.63M | $39.05M | $1.46M | $1.04M | $2.63M | $5.31M | $10.99M |
| Cash at Beginning of Period | $55.40M | $50.56M | $32.63M | $24.57M | $15.79M | $1.04M | $2.63M | $5.31M | $10.99M | $9.18M |
| Operating Cash Flow | $24.85M | $29.13M | $66.05M | $26.56M | $5.27M | $15.53M | $10.94M | $-4.35M | $4.38M | $6.24M |
| Capital Expenditure | $-12.03M | $-17.57M | $-17.41M | $-15.56M | $-10.61M | $-7.18M | $-3.80M | $-7.72M | $-11.66M | $-8.84M |
| Free Cash Flow | $12.83M | $11.56M | $48.64M | $10.99M | $-5.34M | $8.34M | $7.14M | $-12.08M | $-7.28M | $-2.60M |