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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Assets    
Cash and cash equivalents $ 22,834 $ 21,821
Cash - restricted 4,131 5,562
Accounts receivable, net 136,267 119,516
Current portion of retainage receivable 7,511 9,743
Accounts receivable - affiliates 19,702 21,741
Prepaid expenses and other current assets 9,224 9,937
Income tax receivable 1,397 2,163
Total current assets 201,066 190,483
Property and equipment, net 8,416 8,895
Cash - restricted, net of current portion 2,843 3,063
Operating lease right-of-use assets 15,825 18,347
Financing lease right-of-use assets 613 801
Retainage receivable 5,910 7,491
Acquired intangibles, net 2,963 3,002
Goodwill 40,105 44,127
Investments 1,139 2,038
Deferred income tax assets 1,944 2,165
Other assets 4,018 2,645
Total assets 284,842 283,057
Liabilities and Stockholders’ Equity    
Current maturities of notes payable and long-term debt 31,335 25,841
Accounts payable and accrued expenses 74,028 63,856
Income taxes payable 4,438 2,610
Current portion of deferred revenue 4,406 4,088
Current portion of operating lease liabilities 4,788 4,777
Current portion of financing lease liabilities 250 246
Other current liabilities 6,997 6,006
Total current liabilities 126,242 107,424
Notes payable and long-term debt, net of current maturities 28,816 29,302
Retainage payable 326 279
Deferred income taxes 918 959
Deferred revenue 3,627 9,541
Non-current operating lease liabilities 15,981 18,565
Non-current financing lease liabilities 385 573
Other liabilities 10,990 13,175
Total liabilities 187,285 179,818
Commitments and contingencies
Stockholders’ equity:    
Preferred stock, $0.0001 par value; 1,000 shares authorized, none issued 0 0
Common stock, $0.0001 par value; 100,000 shares authorized, 63,664 shares and 63,291 shares issued at September 30, 2022 and December 31, 2021, respectively 6 6
Additional paid-in capital 219,116 217,471
Accumulated deficit (83,616) (83,813)
Accumulated other comprehensive loss (9,342) (1,813)
Less treasury stock of 6,807 at September 30, 2022 and December 31, 2021 (29,056) (29,056)
Hill International, Inc. share of equity 97,108 102,795
Noncontrolling interests 449 444
Total equity 97,557 103,239
Total liabilities and stockholders’ equity $ 284,842 $ 283,057