HARTE HANKS INC

For the period ended Mar 31, 2024. Filed May 10, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2024 · Filed May 10, 2024

HHS$3.95-1.2%Stored close · as of Nov 10, 2026

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Contents

Condensed Consolidated Balance Sheets

In thousands, except shares and per share amounts	March 31,2024	December 31,2023
ASSETS · (unaudited)
Current assets
Cash and cash equivalents	$11,464	$18,364
Accounts receivable (less allowance for doubtful accounts of $144 and $474 at March 31, 2024 and December 31, 2023, respectively)	32,778	34,313
Contract assets and unbilled accounts receivable	8,278	7,935
Prepaid expenses	2,222	1,915
Prepaid income taxes and income tax receivable	1,758	1,758
Other current assets	1,270	928
Total current assets	57,770	65,213
Property, plant and equipment (less accumulated depreciation of $37,225 and $36,533, respectively)	8,412	8,855
Right-of-use assets	24,507	25,417
Other assets
Intangible assets, net	2,640	2,820
Goodwill	1,926	1,926
Deferred tax assets, net	17,106	17,268
Other long-term assets	1,083	1,258
Total other assets	22,755	23,272
Total assets	$113,444	$122,757
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable and accrued expenses	$15,991	$23,176
Accrued payroll and related expenses	4,749	5,615
Deferred revenue and customer advances	3,713	3,195
Customer postage and program deposits	1,603	1,815
Other current liabilities	9,580	9,495
Current portion of lease liabilities	4,519	4,815
Total current liabilities	40,155	48,111
Pension liabilities - Qualified plans	10,166	10,540
Pension liabilities - Nonqualified plan	18,426	18,630
Long-term lease liabilities, net of current portion	22,811	23,691
Other long-term liabilities	1,924	1,928
Total liabilities	93,482	102,900
Stockholders’ equity
Common stock, $1 par value, 25,000,000 shares authorized;12,221,484 shares issued, 7,240,905 and 7,224,718 shares outstanding at March 31, 2024 and December 31, 2023, respectively	12,221	12,221
Additional paid-in capital	153,177	157,889
Retained earnings	844,749	844,920
Less treasury stock, 4,980,579 shares at cost at March 31, 2024 and 4,996,766 shares at cost at December 31, 2023	(945,906)	(951,083)
Accumulated other comprehensive loss	(44,279)	(44,090)
Total stockholders’ equity	19,962	19,857
Total liabilities and stockholders’ equity	$113,444	$122,757
See Accompanying Notes to Condensed Consolidated Financial Statements

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.