ALTAIR ENGINEERING INC. ALTR Cash Flow

Altair engineering inc. (ALTR)

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
OPERATING ACTIVITIES:
Net income
-14,531	-7,542	-15,043	1,830	3,870	15,535	-38,343	-68,903	-75,069	-101,941	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
21,988	21,522	19,675	17,677	16,385	14,734	14,747	14,188	12,829	11,747	0	0	0
Provision for credit loss
0	-	-	-	0	-	-	-	-	-	-	-	-
Provision for bad debt
-	-	-	-	-	394	548	763	584	610	0	0	0
Amortization of debt discount and issuance costs
8,312	5,663	0	0	0	-	-	-	-	-	-	-	-
Stock-based compensation expense
10,487	8,528	7,710	5,981	4,335	3,339	9,192	33,894	44,628	47,281	0	0	0
Deferred income taxes
-6,297	-950	-2,504	-3,072	-1,982	-1,057	60,604	60,096	55,194	55,105	0	0	0
Other, net
0	-	-	-	-	206	-91	-194	-369	-394	0	0	0
Changes in assets and liabilities:
Accounts receivable
1,116	7,901	6,883	2,731	-1,792	1,394	6,739	10,066	14,058	10,397	0	0	0
Prepaid expenses and other current assets
-4,543	2,396	1,693	1,294	4,460	-204	5,693	-1,955	-4,526	-1,559	0	0	0
Other long-term assets
1,396	2,591	3,147	3,684	3,292	1,660	220	8,997	9,649	11,288	0	0	0
Accounts payable
-1,635	-426	431	-875	-655	1,647	1,292	-1,707	-391	-1,087	0	0	0
Accrued compensation and benefits
-998	-1,232	917	3,150	4,423	5,678	4,921	3,664	2,978	2,060	0	0	0
Other accrued expenses and current liabilities
5,000	513	224	-269	971	-6,667	-4,696	4,027	3,294	6,207	0	0	0
Operating lease right-of-use assets and liabilities, net
-201	102	0	0	0	-	-	-	-	-	-	-	-
Deferred revenue
9,056	17,426	22,525	17,098	16,801	9,555	7,348	-1,737	-1,561	15,937	0	0	0
Net cash provided by operating activities
34,114	31,393	25,813	30,785	34,856	36,230	39,058	27,287	23,578	16,091	0	0	0
INVESTING ACTIVITIES:
Payments for acquisition of businesses, net of cash acquired
-	-	-	-	-	203,438	15,950	16,173	15,682	15,582	0	0	0
Capital expenditures
6,721	9,660	9,446	10,196	9,558	6,659	8,488	8,317	8,237	7,522	0	0	0
Payments for acquisition of developed technology
562	473	462	333	2,718	2,727	2,738	2,738	2,353	2,120	0	0	0
Other investing activities, net
-74	-14	0	0	0	-	-	7	6	73	0	0	0
Net cash used in investing activities
-32,929	-35,839	-198,088	-201,056	-207,922	-206,210	-20,181	-26,789	-25,832	-24,851	0	0	0
FINANCING ACTIVITIES:
Payments on revolving commitment
-	127,941	0	0	0	-	-	-	-	154,187	0	0	0
Borrowings under revolving commitment
-	96,992	0	0	0	-	-	-	-	126,832	0	0	0
Proceeds from issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	0
Proceeds from the exercise of stock options
0	-	0	0	0	-	0	0	0	-	-	-	-
Payments for follow-on public offering and IPO offering costs
-	-	-	-	-	556	2,590	4,243	4,749	4,644	0	0	0
Principal payments on long-term debt
-	-	-	-	-	-	-	-	-	59,869	0	0	0
Payments for redemption of common stock
-	-	-	-	-	-	-	-	-	1,045	0	0	0
Other financing activities
-512	-513	-221	-185	-276	-268	-545	-452	-225	-130	0	0	0
Net cash provided by (used in) financing activities
207,759	191,916	222,976	223,244	151,758	167,530	162,938	181,597	47,328	29,558	0	0	0
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-1,595	342	-1,154	-379	-2,114	-1,443	-1,014	-198	1,646	1,641	0	0	0
Net increase in cash, cash equivalents and restricted cash
207,349	187,812	49,547	52,594	-23,422	-3,893	180,801	181,897	46,720	22,439	0	0	0
Supplemental disclosure of cash flow:
Interest paid
454	664	538	544	438	223	440	970	1,468	2,092	0	0	0
Income taxes paid
7,190	7,686	7,998	7,129	6,919	6,735	7,639	7,201	6,395	5,893	0	0	0
Supplemental disclosure of non-cash investing and financing activities:
Finance leases
173	632	488	451	818	895	0	0	0	-	-	-	-
Property and equipment in accounts payable, other current liabilities and other liabilities
346	259	1,929	-188	-111	330	666	1,362	1,254	582	0	0	0
Initial public offering costs in other long-term assets
-	-	-	-	-	-	-	-	-	-	0	0	0