Booz Allen Hamilton Holding Corp Files 10-Q for Period Ending December 31, 2023

TL;DR

<b>Booz Allen Hamilton Holding Corp filed its Q3 2023 10-Q report detailing financial data and comparisons to the prior year.</b>

AI Summary

Booz Allen Hamilton Holding Corp (BAH) filed a Quarterly Report (10-Q) with the SEC on January 26, 2024. Booz Allen Hamilton Holding Corp filed a 10-Q report for the period ending December 31, 2023. The filing covers the period from October 1, 2023, to December 31, 2023, and compares it to the same period in 2022. The report also includes data for the nine months ended December 31, 2023, and December 31, 2022. Key financial statement components like common stock, additional paid-in capital, treasury stock, retained earnings, and accumulated other comprehensive income are detailed for various dates. The company's principal executive offices are located at 8283 Greensboro Drive, McLean, VA 22102.

Why It Matters

For investors and stakeholders tracking Booz Allen Hamilton Holding Corp, this filing contains several important signals. This 10-Q filing provides investors with the latest quarterly financial performance and position of Booz Allen Hamilton, crucial for assessing investment value and future prospects. The detailed breakdown of equity accounts and comparative periods allows for analysis of financial trends, operational changes, and the impact of economic conditions on the company's balance sheet and income statement.

Risk Assessment

Risk Level: low — Booz Allen Hamilton Holding Corp shows low risk based on this filing. The filing is a standard 10-Q, providing routine financial disclosures without immediate red flags, indicating a low level of immediate risk from this specific document.

Analyst Insight

Review the detailed financial statements and equity changes within the 10-Q to understand Booz Allen Hamilton's financial health and operational performance trends.

Key Numbers

• 2023-12-31 — Reporting Period End Date (The 10-Q covers financial data up to this date.)
• 2024-01-26 — Filing Date (The date the 10-Q was officially filed with the SEC.)
• 2023-03-31 — Fiscal Year End (Booz Allen Hamilton's fiscal year ends on this date.)

Key Players & Entities

• Booz Allen Hamilton Holding Corp (company) — Filer of the 10-Q report.
• 8283 Greensboro Drive, McLean, VA 22102 (location) — Business and mailing address of the company.
• 2023-12-31 (date) — End of the reporting period for the 10-Q.
• 2024-01-26 (date) — Filing date of the 10-Q.

Forward-Looking Statements

• Booz Allen Hamilton will continue to show stable equity and growing retained earnings in its next quarterly report. (Booz Allen Hamilton Holding Corp) — medium confidence, target: 2024-06-30

FAQ

Industry Context

Booz Allen Hamilton operates in the management consulting services industry, providing a wide range of services to government and commercial clients.

Regulatory Implications

The filing is made under the Securities Exchange Act of 1934, requiring public companies to submit regular financial reports to the SEC.

What Investors Should Do

1. Analyze the balance sheet details for changes in equity accounts between reporting periods.
2. Compare the financial data for the three months ended December 31, 2023, with the corresponding period in 2022.
3. Review the footnotes to the financial statements for any additional disclosures or explanations.

Key Dates

• 2023-12-31: Quarterly Period End — End date for the financial data presented in the 10-Q.
• 2024-01-26: Filing Date — Date the 10-Q was submitted to the SEC.

Year-Over-Year Comparison

This filing provides the latest quarterly financial update for Booz Allen Hamilton, following previous filings which would have contained data for earlier periods.

Filing Documents

• bah-20231231.htm (10-Q) — 1630KB
• bah-123123xex311.htm (EX-31.1) — 8KB
• bah-123123xex312.htm (EX-31.2) — 8KB
• bah-123123xex321.htm (EX-32.1) — 5KB
• bah-123123xex322.htm (EX-32.2) — 5KB
• 0001443646-24-000010.txt (&nbsp;) — 8214KB
• bah-20231231.xsd (EX-101.SCH) — 45KB
• bah-20231231_cal.xml (EX-101.CAL) — 78KB
• bah-20231231_def.xml (EX-101.DEF) — 286KB
• bah-20231231_lab.xml (EX-101.LAB) — 703KB
• bah-20231231_pre.xml (EX-101.PRE) — 475KB
• bah-20231231_htm.xml (XML) — 1266KB

Financial Information

PART I. Financial Information 1

Financial Statements

ITEM 1 Financial Statements 1

Management's Discussion and Analysis of Financial Condition and Results of Operations

ITEM 2 Management's Discussion and Analysis of Financial Condition and Results of Operations 23

Quantitative and Qualitative Disclosures About Market Risk

ITEM 3 Quantitative and Qualitative Disclosures About Market Risk 42

Controls and Procedures

ITEM 4 Controls and Procedures 42

Other Information

PART II. Other Information 43

Legal Proceedings

ITEM 1 Legal Proceedings 43

Risk Factors

ITEM 1A Risk Factors 44

Unregistered Sales of Equity Securities and Use of Proceeds

ITEM 2 Unregistered Sales of Equity Securities and Use of Proceeds 44

Defaults Upon Senior Securities

ITEM 3 Defaults Upon Senior Securities 44

Mine Safety Disclosures

ITEM 4 Mine Safety Disclosures 45

Other Information

ITEM 5 Other Information 45

Exhibits

ITEM 6 Exhibits 45 Table of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

. Financial Statements

Item 1 . Financial Statements INDEX TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS Page Condensed Consolidated Balance Sheets 1 Condensed Consolidated Statements of Operations 2 Condensed Consolidated Statements of Comprehensive Income 3 Condensed Consolidated Statements of Cash Flows 4 Condensed Consolidated Statements of Stockholders' Equity 5 Notes to Unaudited Condensed Consolidated Financial Statements 7 1. Business Overview 7 2. Basis of Presentation 7 3. Revenue 8 4. Earnings Per Share 10 5. Acquisition, Goodwill and Intangible Assets 11 6. Accounts Payable and Other Accrued Expenses 12 7. Accrued Compensation and Benefits 13 8. Debt 13 9. Derivatives 15 10. Income Taxes 16 11. Employee Benefit Plans 17 12. Accumulated Other Comprehensive Income 18 13. Stock-Based Compensation 18 14. Fair Value Measurements 19 15. Commitments and Contingencies 21 Table of Contents BOOZ ALLEN HAMILTON HOLDING CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (Amounts in thousands, except share and per share data) December 31, 2023 March 31, 2023 (Unaudited) ASSETS Current assets: Cash and cash equivalents $ 601,813 $ 404,862 Accounts receivable, net 1,968,086 1,774,830 Prepaid expenses and other current assets 107,036 108,366 Total current assets 2,676,935 2,288,058 Property and equipment, net of accumulated depreciation 178,719 195,186 Operating lease right-of-use assets 158,567 187,798 Intangible assets, net of accumulated amortization 619,154 685,615 Goodwill 2,343,789 2,338,399 Deferred tax assets 195,826 573,780 Other long-term assets 301,738 281,816 Total assets $ 6,474,728 $ 6,550,652 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Current portion of long-term debt $ 51,563 $ 41,250 Accounts payable and other accrued expenses 993,512 1,316,640 Accrued compensation and benefits 474,786 445,205 Operating lease liabilities 47,482 51,238 Other current liab

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View this 10-Q filing on SEC EDGAR