Cambium learning group, inc. (ABCD)
CashFlow / TTM
Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Net income

43,175

43,775

45,132

45,055

17,739

15,090

13,062

10,430

4,691

2,829

1,071

-1,325

-1,601

-2,572

-5,866

-9,955

-12,614

-13,481

-11,762

-14,253

-97,326

-99,689

-122,597

-133,783

-91,531

-86,232

-59,948

-49,441

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense

19,954

20,379

20,615

20,765

21,185

21,494

21,828

21,548

21,009

20,789

20,733

21,238

21,822

22,132

22,331

22,479

22,434

22,608

22,635

22,414

22,415

25,123

27,792

30,898

34,083

34,276

34,698

35,023

0

0

0

Change in fair value of contingent value rights obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-915

-949

-895

-1,053

-1,308

0

0

0

Deferred income taxes

-27,296

-29,819

-30,401

-30,614

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash (gain) loss on disposal of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-71

0

0

0

-

-

-

-

Impairment of long-lived assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33,707

0

0

0

-

-

-

-

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-922

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

Loss (Gain) from recovery of property held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Amortization of note discount and deferred financing costs

588

653

720

790

864

942

1,017

1,091

1,138

1,172

1,202

1,226

1,267

1,322

1,384

1,509

1,603

1,676

1,742

1,743

1,743

1,743

1,742

1,747

1,748

1,748

1,750

1,518

0

0

0

Stock-based compensation and expense

952

920

892

865

888

905

920

928

882

840

760

687

614

557

534

511

485

696

773

890

1,144

1,111

878

874

853

889

1,223

1,288

0

0

0

Other

-21

-12

-1

-2

14

14

6

3

0

0

0

-

0

0

0

-

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable, net

-4,304

951

-491

-452

1,199

-431

-1,606

-1,262

614

-4,747

-2,429

336

315

633

1,404

-1,463

-3,258

-4,239

-7,821

-2,314

-1,364

-4,399

7,503

4,328

1,943

-10,538

-3,473

-18,142

0

0

0

Inventory

-794

-1,031

-1,015

-482

-622

-1,022

-1,437

-1,830

-1,643

-1,372

-1,089

-643

-1,560

-2,242

-2,572

-3,626

-4,019

-4,301

-5,898

-7,399

-8,346

-8,730

-7,828

-4,941

-1,813

-4,166

-4,384

-454

0

0

0

Other current assets

2,201

1,582

1,182

-50

-684

111

548

1,254

2,024

482

1,158

2,391

1,903

2,125

1,618

1,285

2,246

1,224

1,537

690

12,844

12,463

12,821

13,254

975

792

-262

717

0

0

0

Other assets

50

112

397

373

-130

-1,050

-1,216

-1,116

-2,358

-1,876

-1,693

-1,359

603

-576

-655

1,538

1,669

2,892

3,208

810

-10,600

-10,922

-11,268

-11,252

913

1,162

631

374

0

0

0

Restricted assets

-914

-926

-995

-1,012

-1,028

-1,067

-1,066

-1,098

-1,123

-1,125

-1,123

-1,133

-1,273

-1,293

-1,318

-1,338

-1,232

-1,246

-4,264

-4,306

-4,306

-4,330

-1,330

-1,334

-1,347

-1,383

-2,425

-3,230

0

0

0

Accounts payable

-773

-377

-315

216

295

-1,440

-10

179

-739

1,584

-830

381

-162

116

1,295

311

2,071

-162

349

-1,706

-2,750

-2,124

-2,952

-17

2,537

-459

-419

-3,441

0

0

0

Accrued expenses

948

1,785

263

276

1,259

-261

133

-2,504

-1,647

-5,759

-2,353

-2,808

-641

-178

-1,096

-4,648

-4,507

-3,159

-2,707

889

3,255

-1,380

-1,121

-673

-3,836

-3,008

-2,316

-1,727

0

0

0

Deferred revenue

-

0

6,124

-

-

1,649

6,068

9,125

13,471

9,749

10,053

14,391

13,574

9,711

10,852

9,876

11,045

3,694

6,801

9,301

9,483

5,564

7,474

8,317

5,758

4,490

4,987

5,291

0

0

0

Other long-term liabilities

-534

-548

-610

-651

-609

-688

-734

-1,071

-1,484

-1,381

-1,266

-904

312

269

-720

-749

-1,718

-1,721

-895

-1,037

-897

-957

-904

-756

-1,323

-1,157

-970

-1,271

0

0

0

Net cash provided by operating activities

56,875

49,553

48,026

49,203

48,291

41,862

47,765

44,479

43,284

41,941

38,024

36,773

35,530

33,084

30,708

23,643

25,896

18,544

45,377

45,786

46,360

43,357

11,324

10,329

4,646

20,916

29,849

43,640

0

0

0

Investing activities:
Cash paid for acquisition, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,600

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

Expenditures for property, equipment, software and pre-publication costs

16,304

17,332

17,636

18,160

17,795

18,104

19,596

20,054

21,001

20,871

20,144

19,937

19,955

19,347

18,672

17,875

16,759

16,501

16,309

16,115

17,211

17,692

18,145

18,145

16,811

15,762

14,491

14,053

0

0

0

Net cash used in investing activities

-17,348

-18,376

-18,680

-19,204

-17,795

-18,104

-19,596

-20,054

-21,001

-20,871

-20,544

-20,337

-20,355

-19,747

-17,866

-20,669

-19,553

-19,295

-27,582

-23,788

-24,884

-25,101

-17,881

-17,881

-20,966

-20,181

-20,903

-20,465

0

0

0

Financing activities:
Proceeds from issuance of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

174,024

0

0

0

Repayment of debt

26,901

27,003

27,327

27,650

31,223

30,425

29,637

28,850

0

0

0

-

-

-

-

35,008

0

0

0

-

-

-

-

-

-

-

-

152,130

0

0

0

Borrowings under revolving credit facility

11,000

10,000

12,000

16,000

16,000

16,000

15,000

15,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Payments of revolving credit facility

-

-

-

-

-

-

-

15,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,984

0

0

0

Principal payments under capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

802

1,061

1,046

1,026

995

965

1,068

1,044

1,290

1,278

1,256

1,221

1,138

1,056

1,197

1,097

794

0

0

0

Repayment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

1,536

1,860

1,823

1,214

1,082

945

676

710

582

382

398

376

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share repurchases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

630

4,676

4,676

4,676

4,619

0

0

0

-

-

-

-

-

-

-

-

Net cash used in financing activities

-25,365

-31,143

-29,504

-26,436

-30,141

-23,980

-28,461

-28,140

-44,058

-33,066

-32,355

-42,178

-26,065

-26,147

-34,306

-36,580

-15,733

-15,846

-7,705

-5,909

-2,822

-3,588

-4,062

-3,735

-2,353

18,290

13,328

28,185

0

0

0

Change in cash and cash equivalents

14,162

34

-158

3,563

355

-222

-292

-3,715

-21,775

-11,996

-14,875

-25,742

-10,890

-12,810

-21,464

-33,606

-9,390

-16,597

10,090

16,089

18,654

14,668

-10,619

-11,287

-18,673

19,025

22,274

51,360

0

0

0