10-K
TTEC HOLDINGS, INC. filed this Form 10-K on 03/06/2019
Entire Document
 

TTEC HOLDINGS, INC. AND SUBSIDIARIES

Consolidated Balance Sheets

(Amounts in thousands, except share amounts)

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

December 31,

 

 

    

2018

    

2017

 

ASSETS

 

 

 

 

 

 

 

Current assets

 

 

 

 

 

 

 

Cash and cash equivalents

 

$

78,237

 

$

74,437

 

Accounts receivable, net

 

 

350,962

 

 

391,902

 

Prepaids and other current assets

 

 

88,487

 

 

63,971

 

Income tax receivable

 

 

8,791

 

 

11,099

 

Total current assets

 

 

526,477

 

 

541,409

 

 

 

 

 

 

 

 

 

Long-term assets

 

 

 

 

 

 

 

Property, plant and equipment, net

 

 

161,523

 

 

163,346

 

Goodwill

 

 

204,633

 

 

209,727

 

Deferred tax assets, net

 

 

15,523

 

 

12,012

 

Other intangible assets, net

 

 

80,911

 

 

93,085

 

Other long-term assets

 

 

65,441

 

 

59,157

 

Total long-term assets

 

 

528,031

 

 

537,327

 

Total assets

 

$

1,054,508

 

$

1,078,736

 

 

 

 

 

 

 

 

 

LIABILITIES AND STOCKHOLDERS’ EQUITY

 

 

 

 

 

 

 

Current liabilities

 

 

 

 

 

 

 

Accounts payable

 

$

59,447

 

$

46,442

 

Accrued employee compensation and benefits

 

 

83,437

 

 

84,830

 

Other accrued expenses

 

 

15,963

 

 

19,047

 

Income tax payable

 

 

12,325

 

 

7,497

 

Deferred revenue

 

 

44,926

 

 

21,650

 

Other current liabilities

 

 

19,320

 

 

22,312

 

Total current liabilities

 

 

235,418

 

 

201,778

 

 

 

 

 

 

 

 

 

Long-term liabilities

 

 

 

 

 

 

 

Line of credit

 

 

282,000

 

 

344,000

 

Deferred tax liabilities, net

 

 

10,371

 

 

11,285

 

Non-current income tax payable

 

 

30,754

 

 

47,871

 

Deferred rent

 

 

16,584

 

 

15,714

 

Other long-term liabilities

 

 

126,532

 

 

95,243

 

Total long-term liabilities

 

 

466,241

 

 

514,113

 

Total liabilities

 

 

701,659

 

 

715,891

 

 

 

 

 

 

 

 

 

Commitments and contingencies (Note 14)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stockholders’ equity

 

 

 

 

 

 

 

Preferred stock; $0.01 par value; 10,000,000 shares authorized; zero shares outstanding as of December 31, 2018 and December 31, 2017

 

 

 —

 

 

 

Common stock; $0.01 par value; 150,000,000 shares authorized; 46,194,717 and 45,861,959 shares outstanding as of December 31, 2018 and December 31, 2017, respectively

 

 

462

 

 

459

 

Additional paid-in capital

 

 

353,932

 

 

351,725

 

Treasury stock at cost: 35,857,536 and 36,190,294 shares as of December 31, 2018 and December 31, 2017, respectively

 

 

(610,177)

 

 

(615,677)

 

Accumulated other comprehensive income (loss)

 

 

(124,596)

 

 

(102,304)

 

Retained earnings

 

 

725,551

 

 

721,664

 

Noncontrolling interest

 

 

7,677

 

 

6,978

 

Total stockholders’ equity

 

 

352,849

 

 

362,845

 

Total liabilities and stockholders’ equity

 

$

1,054,508

 

$

1,078,736

 

 

The accompanying notes are an integral part of these consolidated financial statements.

 

F-4