ACI WORLDWIDE, INC. ACIW Cash Flow

Aci worldwide, inc. (ACIW)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net loss
68,598	67,062	99,266	82,685	62,386	68,921	14,395	2,550	-12,685	5,135	38,662	25,448	38,783	129,535	106,611	131,217	174,742	85,436	88,035	88,987	73,173	67,560	71,585	69,615	60,259	63,868	63,141	55,034	48,502	48,846	23,073	27,957	42,408	45,852	49,059	40,856	30,906	27,195	0	0	0
Adjustments to reconcile net loss to net cash flows from operating activities:
Depreciation
24,016	24,092	23,825	23,761	23,780	23,805	24,109	24,173	24,523	24,871	25,112	24,574	23,370	22,584	21,867	21,651	21,813	21,656	21,325	20,536	20,513	20,506	20,318	21,345	20,311	18,751	17,129	15,119	14,375	13,284	11,700	10,142	8,531	7,541	7,073	6,849	6,717	6,651	0	0	0
Amortization
107,523	98,477	89,179	78,875	73,429	73,545	74,232	76,176	77,056	77,353	79,276	79,244	79,210	80,870	80,554	79,442	78,518	75,775	72,932	72,191	69,176	66,177	63,140	58,665	56,076	51,216	46,602	43,435	40,397	37,497	32,168	27,447	23,222	20,836	20,838	20,493	19,958	19,696	0	0	0
Amortization of operating lease right-of-use assets
16,107	15,934	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred debt issuance costs
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred debt issuance costs
-	-	-	-	-	4,637	4,630	2,971	3,251	4,286	4,906	5,501	5,723	5,567	5,688	5,858	6,194	6,244	6,424	6,409	6,157	5,877	5,574	5,552	5,776	5,388	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Provision for doubtful accounts receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Tax expense of intellectual property shift
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Deferred income taxes
-15,139	-22,140	-37,918	-44,021	-18,321	-5,734	52,228	48,737	22,752	21,660	-18,444	-15,997	-7,813	17,702	13,994	26,867	43,637	19,328	21,847	16,610	15,001	8,437	5,276	4,215	4,392	9,573	7,202	1,018	-4,544	4,775	-7,352	-1,809	7,868	7,513	18,286	13,052	9,923	11,644	0	0	0
Stock-based compensation expense
37,165	36,800	30,086	27,290	20,623	20,400	11,618	13,127	13,765	13,700	32,525	35,235	40,199	43,613	42,142	32,107	24,155	18,380	7,353	11,148	10,209	11,045	16,204	15,036	14,394	13,572	14,635	13,824	13,518	15,186	16,224	15,807	14,503	11,254	9,026	8,725	8,353	7,790	0	0	0
Excess tax benefit of stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	14,812	9,661	9,722	6,960	2,729	2,396	2,915	3,543	3,931	3,641	2,920	1,879	1,741	1,417	889	140	0	0	0
Gain on sale of CFS assets
-	-	-	-	-	-	-	-	-	-	-	-	-	151,463	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-5,251	-5,175	-3,006	-3,788	-3,244	-2,007	-773	256	766	-435	-2,307	-2,011	-1,742	-806	149	-507	-1,472	-2,725	-2,313	-2,637	-2,770	-1,852	-760	1,957	1,215	593	-486	-2,723	-2,031	-150	-38	694	1,340	-54	-784	-782	-1,243	-909	0	0	0
Changes in operating assets and liabilities, net of impact of acquisitions:
Receivables
64,904	19,054	38,513	-6,147	-11,048	14,760	30,198	11,118	23,535	8,243	30,846	35,195	27,015	76,460	8,137	-21,355	19,189	11,355	-17,933	24,775	-14,902	30,643	20,296	8,811	11,298	-22,496	24,918	46,295	53,282	61,965	40,528	21,345	8,681	21,247	3,549	-1,558	8,185	-11,214	0	0	0
Other current and noncurrent assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-6,812	-3,874	185	818	0	0	0
Accounts payable
-3,493	-7,703	1,569	10,718	-1,920	5,766	5,693	-1,429	-622	-1,700	-9,632	-14,602	-4,729	-13,920	-1,900	12,326	-693	8,557	-2,362	-7,235	-5,572	-3,422	-5,020	-6,020	-5,813	-13,548	-9,064	-7,922	-2,691	5,981	-289	1,988	-2,585	-4,963	1,225	-1,669	-1,924	-2,318	0	0	0
Accrued employee compensation
4,754	-10,829	-8,036	-5,042	-3,539	-9,684	1,242	-1,451	-2,228	94	-1,256	1,854	2,603	18,060	9,121	2,708	2,989	-1,998	3,463	221	-4,731	-6,360	-22,176	-15,830	-15,800	-24,501	-7,744	-9,182	-12,895	-29,026	-24,689	-21,934	-16,115	1,733	82	1,692	-161	1,483	0	0	0
Accrued liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-3,901	-7,069	-6,329	-7,766	0	0	0
Current income taxes
-5,457	-1,137	-3,222	-3,506	-2,587	-5,115	-4,495	-1,878	-4,457	-4,227	-1,342	-5,590	-6,253	14,510	5,527	5,899	6,982	-8,244	-6,457	2,605	7,000	10,968	12,510	10,308	11,248	9,360	12,081	11,531	10,807	-5,660	1,179	-3,706	-3,142	6,301	271	7,259	7,867	-4,224	0	0	0
Deferred revenue
-10,939	-37,561	-3,469	-13,904	-1,234	14,219	1,640	9,740	2,716	439	-1,896	-5,063	3,522	3,015	3,963	1,753	3,845	-4,513	-5,007	-1,946	-10,974	15,738	-13,562	-25,013	-12,655	-23,613	-15,589	6,056	200	-11,816	20,279	14,105	837	14,809	-9,805	3,721	24,551	14,715	0	0	0
Other current and noncurrent assets and liabilities
15,310	15,558	-2,133	8,969	-6,280	-5,965	-5,737	43,114	-5,894	-12,411	-674	-43,449	2,838	-5,411	-1,189	-1,485	-5,907	-468	1,057	455	3,556	6,902	-4,340	-11,666	-2,795	-13,409	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other current and noncurrent liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-
Other current and noncurrent liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net cash flows from operating activities
152,722	137,649	172,408	169,686	181,223	183,932	161,587	118,211	105,647	146,197	120,046	141,358	146,993	99,830	129,007	195,630	177,350	187,994	212,693	162,443	194,743	160,833	123,841	129,110	118,748	138,418	90,037	66,433	38,276	-9,265	18,485	39,911	52,905	83,462	84,410	89,694	85,673	81,308	0	0	0
Cash flows from investing activities:
Purchases of property and equipment
21,446	23,099	20,570	17,072	17,578	18,265	23,585	25,016	25,088	25,717	24,949	31,893	40,240	40,812	42,166	34,603	25,283	27,283	25,418	22,716	22,537	17,627	21,377	20,373	19,091	21,104	14,500	18,708	17,975	13,050	11,390	6,190	6,796	10,668	10,110	10,421	8,966	4,957	0	0	0
Purchases of software and distribution rights
26,878	24,915	22,317	20,152	23,554	25,628	29,245	31,047	29,510	28,697	24,385	24,310	19,341	22,268	28,816	25,510	27,029	21,622	15,063	18,778	17,052	17,273	18,846	13,910	12,313	11,497	6,932	6,018	5,600	3,612	5,277	5,193	7,241	8,309	8,424	9,571	7,290	8,209	0	0	0
Proceeds from sale of CFS assets
-	-	-	-	-	-	-	-	-	-	-	-	-	199,481	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of businesses, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	378,113	264,202	314,054	318,486	325,232	325,232	275,380	271,069	16,850	0	0	0	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	7,000	7,000	7,000	12,000	7,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	1,856	2,016	3,384	4,732	6,183	0	0	0
Net cash flows from investing activities
-830,791	-830,481	-818,629	-795,770	-42,599	-45,360	-54,297	-57,530	-54,598	-54,414	-49,102	-56,490	-59,868	129,633	-57,868	-46,480	-8,368	-199,961	-12,170	-217,473	-247,379	-240,690	-359,924	-149,694	-145,315	-410,714	-285,634	-338,780	-343,107	-342,940	-344,545	-299,409	-296,706	-47,683	-47,400	-40,226	-37,717	-19,349	0	0	0
Cash flows from financing activities:
Proceeds from issuance of common stock
3,707	3,591	3,434	3,287	3,176	3,098	3,099	3,081	3,018	2,958	2,777	2,896	2,949	2,987	3,201	3,112	3,084	3,104	3,036	2,966	2,879	2,780	2,696	2,586	2,363	2,186	1,930	1,626	1,515	1,426	1,333	1,383	1,359	1,273	1,234	1,223	1,175	1,132	0	0	0
Proceeds from exercises of stock options
8,528	12,985	7,946	10,584	15,413	19,674	21,993	20,829	15,955	13,872	10,860	9,288	16,123	9,325	9,370	9,527	5,494	12,175	16,909	22,978	20,492	16,461	20,775	18,095	18,584	19,561	11,563	8,507	16,195	16,730	16,757	15,909	7,095	4,478	3,419	3,430	3,573	3,147	0	0	0
Repurchase of stock-based compensation awards for tax withholdings
12,335	3,986	2,822	2,809	4,298	2,588	2,588	3,129	3,070	5,311	5,311	6,299	6,090	2,975	3,071	2,048	670	4,649	4,698	4,634	4,636	5,120	5,303	5,181	5,205	6,222	6,225	6,483	6,556	3,273	3,006	2,740	2,633	742	723	673	653	562	0	0	0
Excess tax benefit of stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	14,812	9,661	9,722	6,960	2,729	2,396	2,915	3,543	3,931	3,641	2,920	1,879	1,307	1,096	962	140	0	0	0
Repurchases of common stock
63,867	35,617	35,617	631	24,045	54,527	0	0	0	-	-	-	-	60,089	0	0	0	-	-	-	-	70,000	0	0	0	-	-	-	-	57,836	0	0	0	-	-	-	-	18,624	0	0	0
Proceeds from revolving credit facility
310,000	280,000	280,000	274,000	61,000	109,000	134,000	140,000	103,000	67,000	0	0	0	-	-	-	-	298,000	132,000	184,500	158,500	169,500	0	0	0	-	-	-	-	119,000	0	0	0	-	-	-	-	-	-	-	-
Repayment of revolving credit facility
80,000	41,000	15,000	42,000	61,000	111,000	138,000	137,000	103,000	153,000	126,000	110,000	123,000	166,000	174,000	211,000	256,000	164,000	210,500	199,500	168,500	125,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from term portion of credit agreement
-	-	-	-	-	-	-	-	-	415,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	300,000	300,000	300,000	300,000	200,000	0	0	0	-	-	-	-	-	-	-	-
Repayment of term portion of credit agreement
32,700	28,900	23,119	108,338	110,039	109,289	110,520	20,750	20,750	386,040	404,675	423,312	441,947	95,293	95,292	95,292	91,322	87,352	83,383	79,413	68,431	57,449	46,467	35,484	35,988	30,867	26,371	20,625	14,375	13,750	0	0	0	-	-	-	-	-	-	-	-
Payments of Debt Issuance Costs
-	-	-	-	-	-	-	-	-	5,340	0	0	0	-	-	-	-	-	-	-	-	4,662	5,189	7,669	7,933	17,042	16,397	10,077	9,813	1,094	0	0	0	-	-	-	-	-	-	-	-
Payments on or proceeds from other debt, net
-8,756	-7,020	1,124	-4,083	-6,962	-4,753	-16,854	-14,371	-14,177	-9,900	10,124	10,187	12,735	14,376	14,391	12,728	16,079	12,638	12,217	11,777	10,791	8,344	8,614	8,994	6,068	14,024	14,654	14,254	14,657	7,115	6,333	7,531	4,092	3,820	3,540	1,727	1,775	1,576	0	0	0
Net cash flows from financing activities
611,747	667,223	691,296	708,521	-33,370	-57,704	-94,129	-94,312	-78,970	-98,148	-57,098	-40,609	-75,335	-251,076	-96,642	-139,925	-142,337	44,640	-169,387	60,646	72,948	66,275	129,555	-40,221	-31,437	291,640	277,927	235,520	223,899	233,901	233,858	243,006	277,941	-8,721	1,697	-842	-13,576	-17,575	0	0	0
Effect of exchange rate fluctuations on cash
9,273	-1,495	164	-2,074	-3,362	-2,076	-4,749	-2,693	2,458	322	3,172	-1,365	-6,415	-4,873	-4,442	-7,159	-735	-7,735	-10,350	-10,201	-10,789	-4,176	88	8,046	4,456	-614	-3,501	-5,048	-7,664	-2,465	184	-4,699	-1,942	-1,270	-2,909	4,424	3,956	1,009	0	0	0
Net increase (decrease) in cash and cash equivalents
-57,049	-27,104	45,239	80,363	101,892	78,792	8,412	-36,324	-25,463	-6,043	17,018	42,894	5,375	-26,486	-29,945	2,066	25,910	24,938	20,786	-4,585	9,523	-17,758	-106,440	-52,759	-53,548	18,730	78,829	-41,875	-88,596	-120,769	-92,018	-21,191	32,198	25,788	35,798	53,050	38,336	45,393	0	0	0
Supplemental cash flow information
Income taxes paid
28,417	27,727	30,971	27,068	29,891	32,205	35,563	38,825	39,161	37,817	31,788	32,829	28,645	19,081	18,853	16,018	15,580	24,036	21,299	23,781	23,779	23,082	27,644	25,699	23,907	20,191	18,965	19,532	18,482	28,900	23,910	24,188	22,985	19,014	20,580	19,153	19,313	24,928	0	0	0
Interest paid
66,429	58,980	51,127	41,940	36,561	35,300	35,128	35,336	34,682	34,976	35,708	34,218	34,434	35,053	34,866	34,774	35,165	35,183	35,697	35,820	34,933	33,269	32,303	22,913	24,145	14,598	13,609	11,699	9,382	8,275	6,521	4,819	2,961	1,783	1,644	1,627	1,783	1,663	0	0	0