Aci worldwide, inc. (ACIW)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'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'11Dec'10Sep'10Jun'10Mar'10
Cash flows from operating activities:
Net loss

-24,427

55,486

31,814

5,725

-25,963

87,690

15,233

-14,574

-19,428

33,164

3,388

-29,809

-1,608

66,691

-9,826

-16,474

89,144

43,767

14,780

27,051

-162

46,366

15,732

11,237

-5,775

50,391

13,762

1,881

-2,166

49,664

5,655

-4,651

-1,822

23,891

10,539

9,800

1,622

27,098

2,336

-150

-2,089

Adjustments to reconcile net loss to net cash flows from operating activities:
Depreciation

5,825

6,176

6,085

5,930

5,901

5,909

6,021

5,949

5,926

6,213

6,085

6,299

6,274

6,454

5,547

5,095

5,488

5,737

5,331

5,257

5,331

5,406

4,542

5,234

5,324

5,218

5,569

4,200

3,764

3,596

3,559

3,456

2,673

2,012

2,001

1,845

1,683

1,544

1,777

1,713

1,617

Amortization

27,997

27,850

27,828

23,848

18,951

18,552

17,524

18,402

19,067

19,239

19,468

19,282

19,364

21,162

19,436

19,248

21,024

20,846

18,324

18,324

18,281

18,003

17,583

15,309

15,282

14,966

13,108

12,720

10,422

10,352

9,941

9,682

7,522

5,023

5,220

5,457

5,136

5,025

4,875

4,922

4,874

Amortization of operating lease right-of-use assets

3,556

5,057

3,848

3,646

3,383

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred debt issuance costs

1,212

-

-

-

753

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred debt issuance costs

-

-

-

-

-

756

2,436

746

699

749

777

1,026

1,734

1,369

1,372

1,248

1,578

1,490

1,542

1,584

1,628

1,670

1,527

1,332

1,348

1,367

1,505

1,556

960

-

-

-

-

-

-

-

-

-

-

-

-

Provision for doubtful accounts receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,417

346

805

-

-

-

-

-

-

-

-

Tax expense of intellectual property shift

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

550

551

549

Deferred income taxes

-10,413

17,183

2,008

-23,917

-17,414

1,405

-4,095

1,783

-4,827

59,367

-7,586

-24,202

-5,919

19,263

-5,139

-16,018

19,596

15,555

7,734

752

-4,713

18,074

2,497

-857

-11,277

14,913

1,436

-680

-6,096

12,542

-4,748

-6,242

3,223

415

795

3,435

2,868

11,188

-4,439

306

4,589

Stock-based compensation expense

6,950

6,472

9,371

14,372

6,585

-242

6,575

7,705

6,362

-9,024

8,084

8,343

6,297

9,801

10,794

13,307

9,711

8,330

759

5,355

3,936

-2,697

4,554

4,416

4,772

2,462

3,386

3,774

3,950

3,525

2,575

3,468

5,618

4,563

2,158

2,164

2,369

2,335

1,857

1,792

1,806

Excess tax benefit of stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,012

3,395

-

6,034

312

4,070

4,396

883

373

1,308

165

550

892

1,936

553

260

171

895

415

-64

-357

146

Gain on sale of CFS assets

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-489

0

151,952

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-650

-2,744

-898

-959

-574

-575

-1,680

-415

663

659

-651

95

-538

-1,213

-355

364

398

-258

-1,011

-601

-855

154

-1,335

-734

63

1,246

1,382

-1,476

-559

167

-855

-784

1,322

279

-123

-138

-72

-451

-121

-599

262

Changes in operating assets and liabilities, net of impact of acquisitions:
Receivables

-48,699

53,744

53,906

5,953

-94,549

73,203

9,246

1,052

-68,741

88,641

-9,834

13,469

-84,033

111,244

-5,485

5,289

-34,588

42,921

-34,977

45,833

-42,422

13,633

7,731

6,156

3,123

3,286

-3,754

8,643

-30,671

50,700

17,623

15,630

-21,988

29,263

-1,560

2,966

-9,422

11,565

-6,667

12,709

-28,821

Other current and noncurrent assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-753

-4,753

2,026

-

-1,902

-2,697

2,420

-4,633

1,036

1,362

3,053

Accounts payable

-6,087

711

-9,708

11,591

-10,297

9,983

-559

-1,047

-2,611

9,910

-7,681

-240

-3,689

1,978

-12,651

9,633

-12,880

13,998

1,575

-3,386

-3,630

3,079

-3,298

-1,723

-1,480

1,481

-4,298

-1,516

-9,215

5,965

-3,156

3,715

-543

-305

-879

-858

-2,921

5,883

-3,773

-1,113

-3,315

Accrued employee compensation

6,985

-12,569

2,903

7,435

-8,598

-9,776

5,897

8,938

-14,743

1,150

3,204

8,161

-12,421

-200

6,314

8,910

3,036

-9,139

-99

9,191

-1,951

-3,678

-3,341

4,239

-3,580

-19,494

3,005

4,269

-12,281

-2,737

1,567

556

-28,412

1,600

4,322

6,375

-10,564

-51

5,932

4,522

-8,920

Accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,311

-3,097

-10,181

-

3,561

-2,090

-2,995

-2,377

393

-1,350

-4,432

Current income taxes

-5,361

7,399

-2,902

-4,593

-1,041

5,314

-3,186

-3,674

-3,569

5,934

-569

-6,253

-3,339

8,819

-4,817

-6,916

17,424

-164

-4,445

-5,833

2,198

1,623

4,617

-1,438

6,166

3,165

2,415

-498

4,278

5,886

1,865

-1,222

-12,189

12,725

-3,020

-658

-2,746

6,695

3,968

-50

-14,837

Deferred revenue

22,495

-19,826

246

-13,854

-4,127

14,266

-10,189

-1,184

11,326

1,687

-2,089

-8,208

9,049

-648

-5,256

377

8,542

300

-7,466

2,469

184

-194

-4,405

-6,559

26,896

-29,494

-15,856

5,799

15,938

-21,470

5,789

-57

3,922

10,625

-385

-13,325

17,894

-13,989

13,141

7,505

8,058

Other current and noncurrent assets and liabilities

20,581

-4,590

-12,362

11,681

20,829

-22,281

-1,260

-3,568

21,144

-22,053

47,591

-52,576

14,627

-10,316

4,816

-6,289

6,378

-6,094

4,520

-10,711

11,817

-4,569

3,918

-7,610

15,163

-15,811

-3,408

1,261

4,549

-

-

-

-

-

-

-

-

-

-

-

-

Other current and noncurrent liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,051

-422

66

-

-1,499

-4,302

-582

-

-

-

-

Other current and noncurrent liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-498

Net cash flows from operating activities

57,500

48,711

32,073

14,438

42,427

83,470

29,351

25,975

45,136

61,125

-14,025

13,411

85,686

34,974

7,287

19,046

38,523

64,151

73,910

766

49,167

88,850

23,660

33,066

15,257

51,858

28,929

22,704

34,927

3,477

5,325

-5,453

-12,614

31,227

26,751

7,541

17,943

32,175

32,035

3,520

13,578

Cash flows from investing activities:
Purchases of property and equipment

3,597

4,360

8,824

4,665

5,250

1,831

5,326

5,171

5,937

7,151

6,757

5,243

6,566

6,383

13,701

13,590

7,138

7,737

6,138

4,270

9,138

5,872

3,436

4,091

4,228

9,622

2,432

2,809

6,241

3,018

6,640

2,076

1,316

1,358

1,440

2,682

5,188

800

1,751

1,227

1,179

Purchases of software and distribution rights

6,541

6,350

7,265

6,722

4,578

3,752

5,100

10,124

6,652

7,369

6,902

8,587

5,839

3,057

6,827

3,618

8,766

9,605

3,521

5,137

3,359

3,046

7,236

3,411

3,580

4,619

2,300

1,814

2,764

54

1,386

1,396

776

1,719

1,302

3,444

1,844

1,834

2,449

1,163

2,763

Proceeds from sale of CFS assets

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-519

0

200,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of businesses, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

113,911

0

0

264,202

0

49,852

4,432

270,948

0

0

121

16,729

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

7,000

0

0

5,000

2,000

-

-

-

-

-

-

-

-

-

-

-

-

1,600

0

0

256

1,760

1,368

1,348

1,707

Net cash flows from investing activities

-10,138

-17,435

-33,285

-769,933

-9,828

-5,583

-10,426

-16,762

-12,589

-14,520

-13,659

-13,830

-12,405

-9,208

-21,047

-17,208

177,096

-196,709

-9,659

20,904

-14,497

-8,918

-214,962

-9,002

-7,808

-128,152

-4,732

-4,623

-273,207

-3,072

-57,878

-8,950

-273,040

-4,677

-12,742

-6,247

-24,017

-4,394

-5,568

-3,738

-5,649

Cash flows from financing activities:
Proceeds from issuance of common stock

947

929

909

922

831

772

762

811

753

773

744

748

693

592

863

801

731

806

774

773

751

738

704

686

652

654

594

463

475

398

290

352

386

305

340

328

300

266

329

280

257

Proceeds from exercises of stock options

400

6,308

861

959

4,857

1,269

3,499

5,788

9,118

3,588

2,335

914

7,035

576

763

7,749

237

621

920

3,716

6,918

5,355

6,989

1,230

2,887

9,669

4,309

1,719

3,864

1,671

1,253

9,407

4,399

1,698

405

593

1,782

639

416

736

1,356

Repurchase of stock-based compensation awards for tax withholdings

10,973

1,164

13

185

2,624

0

0

1,674

914

0

541

1,615

3,155

0

1,529

1,406

40

96

506

28

4,019

145

442

30

4,503

328

320

54

5,520

331

578

127

2,237

64

312

20

346

45

262

0

255

Excess tax benefit of stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,012

3,395

-

6,034

312

4,070

4,396

883

373

1,308

165

550

892

1,936

553

260

171

895

-19

49

37

73

Repurchases of common stock

28,881

0

34,986

0

631

0

0

23,414

31,113

-

-

-

-

0

0

7,640

52,449

-

-

-

-

0

0

0

70,000

-

-

-

-

0

13,772

37,823

6,241

-

-

-

-

0

2,959

12,667

2,998

Proceeds from revolving credit facility

30,000

0

30,000

250,000

0

0

24,000

37,000

48,000

25,000

30,000

0

12,000

-

-

-

-

186,000

47,000

36,000

29,000

20,000

99,500

10,000

40,000

-

-

-

-

0

24,000

0

95,000

-

-

-

-

-

-

-

-

Repayment of revolving credit facility

39,000

26,000

0

15,000

0

0

27,000

34,000

50,000

27,000

26,000

0

100,000

0

10,000

13,000

143,000

8,000

47,000

58,000

51,000

54,500

36,000

27,000

8,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from term portion of credit agreement

-

-

-

-

-

-

-

-

-

0

0

0

415,000

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

300,000

0

0

0

200,000

-

-

-

-

-

-

-

-

Repayment of term portion of credit agreement

9,737

9,738

9,738

3,487

5,937

3,957

94,957

5,188

5,187

5,188

5,187

5,188

370,477

23,823

23,824

23,823

23,823

23,822

23,824

19,853

19,853

19,853

19,854

8,871

8,871

8,871

8,871

9,375

3,750

4,375

3,125

3,125

3,125

-

-

-

-

-

-

-

-

Payments of Debt Issuance Costs

-

-

-

-

-

-

-

-

-

0

0

0

5,340

-

-

-

-

-

-

-

-

118

4,381

0

163

645

6,861

264

9,272

0

541

0

553

-

-

-

-

-

-

-

-

Payments on or proceeds from other debt, net

-3,593

-15,229

5,989

4,077

-1,857

-7,085

782

1,198

352

-19,186

3,265

1,392

4,629

838

3,328

3,940

6,270

853

1,665

7,291

2,829

432

1,225

6,305

382

702

1,605

3,379

8,338

1,332

1,205

3,782

796

550

2,403

343

524

270

590

391

325

Net cash flows from financing activities

-60,837

-28,476

-18,956

720,016

-5,361

-4,403

-1,731

-21,875

-29,695

-40,828

-1,914

-6,533

-48,873

222

14,575

-41,259

-224,614

154,656

-28,708

-43,671

-37,637

-59,371

201,325

-31,369

-44,310

3,909

31,549

-22,585

278,767

-9,804

-10,858

-34,206

288,769

-9,847

-1,710

729

2,107

571

-4,249

-12,005

-1,892

Effect of exchange rate fluctuations on cash

11,201

-2,983

2,353

-1,298

433

-1,324

115

-2,586

1,719

-3,997

2,171

2,565

-417

-1,147

-2,366

-2,485

1,125

-716

-5,083

3,939

-5,875

-3,331

-4,934

3,351

738

933

3,024

-239

-4,332

-1,954

1,477

-2,855

867

695

-3,406

-98

1,539

-944

3,927

-566

-1,408

Net increase (decrease) in cash and cash equivalents

-2,274

-183

-17,815

-36,777

27,671

72,160

17,309

-15,248

4,571

1,780

-27,427

-4,387

23,991

24,841

-1,551

-41,906

-7,870

21,382

30,460

-18,062

-8,842

17,230

5,089

-3,954

-36,123

-71,452

58,770

-4,743

36,155

-11,353

-61,934

-51,464

3,982

17,398

8,893

1,925

-2,428

27,408

26,145

-12,789

4,629

Supplemental cash flow information
Income taxes paid

6,639

6,522

5,729

9,527

5,949

9,766

1,826

12,350

8,263

13,124

5,088

12,686

6,919

7,095

6,129

8,502

-2,645

6,867

3,294

8,064

5,811

4,130

5,776

8,062

5,114

8,692

3,831

6,270

1,398

7,466

4,398

5,220

11,816

2,476

4,676

4,017

7,845

4,042

3,249

4,177

13,460

Interest paid

21,837

11,239

23,804

9,549

14,388

3,386

14,617

4,170

13,127

3,214

14,825

3,516

13,421

3,946

13,335

3,732

14,040

3,759

13,243

4,123

14,058

4,273

13,366

3,236

12,394

3,307

3,976

4,468

2,847

2,318

2,066

2,151

1,740

564

364

293

562

425

347

449

442