Arc document solutions, inc. (ARC)
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'11Sep'10
Cash flows from operating activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

462

822

1,059

512

447

1,656

2,587

4,008

476

-12,056

-14,767

3,720

1,748

2,779

2,902

-55,808

2,628

3,184

80,336

9,457

4,411

-2,107

3,620

4,622

1,296

-15,807

-328

877

683

-5,606

-20,094

-875

-4,890

-2,988

-41,696

-84,742

-3,682

-25,217

Adjustments to reconcile net income to net cash provided by operating activities:
Allowance for accounts receivable

266

160

76

122

232

446

82

228

327

382

306

353

208

274

324

249

71

48

110

156

26

102

197

100

147

49

105

301

145

-76

128

164

240

288

329

237

180

281

Depreciation

7,407

7,200

7,030

7,147

7,423

7,311

7,389

7,190

7,129

7,213

7,377

7,271

7,139

6,886

6,697

6,658

6,677

6,835

7,040

7,078

7,066

7,085

7,039

7,029

6,995

7,066

7,059

7,020

6,955

7,221

7,143

7,061

7,062

6,917

7,057

7,445

7,742

8,291

Amortization of intangible assets

597

661

718

867

895

926

949

985

1,008

1,030

1,053

1,082

1,115

1,128

1,160

1,232

1,313

1,336

1,375

1,442

1,489

1,489

1,497

1,503

1,498

1,556

1,610

1,699

1,747

1,791

1,846

2,805

4,593

4,596

4,654

4,721

4,744

2,466

Amortization of deferred financing costs

16

46

52

55

55

57

56

59

60

60

69

83

94

101

111

115

118

129

138

161

161

171

190

214

183

267

270

278

283

276

276

281

255

225

225

221

216

389

Amortization of discount on long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

108

207

224

225

171

168

167

165

158

156

150

147

142

140

135

132

-

Goodwill impairment

-

-

-

-

-

-

-

-

-

-

17,637

0

-

-

0

73,920

-

-

0

0

-

-

-

-

-

-

-

-

-

-

16,707

-

-

-

42,109

23,335

-

38,263

Stock-based compensation

500

605

622

624

608

621

597

574

653

648

699

816

737

620

650

651

772

794

735

900

1,083

1,184

956

881

781

1,158

728

729

592

542

554

459

444

496

517

1,769

1,489

1,453

Deferred income taxes

751

-

-

-

175

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit related to stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

23

8

-

Deferred income taxes

-

-

-

-

-

-

468

1,799

-92

-

-2,380

2,248

1,177

-

2,299

-10,066

1,749

-

2,198

3,847

2,176

-843

2,100

2,279

1,893

-5,827

182

1,145

-409

-2,132

-3,797

-179

-325

-2,833

-5,009

6,197

2,318

-9,914

Deferred tax valuation allowance

-290

64

-89

-34

8

211

-20

6

-57

-

-454

-45

11

-

1

87

-72

-

76,091

3,257

1,534

-1,100

1,615

1,748

1,289

-6,717

-386

-154

-20

-2,984

-3,854

-944

-1,968

-

-1,379

-64,340

-

-

Restructuring expense, non-cash portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

384

-119

70

235

58

-

0

-

-

-

-

-

-

-

Amortization of derivative, net of tax effect

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

246

486

636

786

828

871

912

954

-

Loss on extinguishment and modification of debt

-

-

-

-

-

-

-

-

-

0

-124

-40

-66

-52

-66

-44

-46

-89

-96

-97

0

-

-347

0

-

-

-262

-

-

-

-

-

-

-

-

-

-

-

Other non-cash items, net

18

235

120

29

60

113

95

62

44

-285

205

163

-27

176

87

119

334

33

73

110

174

-266

401

157

170

-40

68

181

114

-537

123

63

30

-223

463

47

130

-416

Changes in operating assets and liabilities:
Accounts receivable, net

1,995

-6,377

-1,836

-443

2,537

-3,827

1,920

1,761

2,913

-1,752

-554

95

53

-991

897

124

1,264

-4,366

-2,996

2,111

4,522

-1,526

930

4,059

3,435

-2,225

-4,491

2,666

9,183

-5,864

-2,796

493

5,634

-5,917

-206

437

8,268

-751

Inventory

-1,027

-1,549

-1,011

128

-359

-1,446

-217

-550

-524

689

142

-1,026

1,534

-1,606

429

1,199

1,568

-808

-1,083

1,765

1,093

149

142

-85

2,014

345

-441

-234

-46

339

1,081

1,064

521

1,206

-1,084

-143

1,191

-829

Prepaid expenses and other assets

-3,404

-4,734

-3,113

-2,183

-1,798

-512

1,563

613

150

-573

-1,029

1,956

202

404

-1,179

1,063

-397

645

-1,224

282

-1,999

1,521

946

-415

-222

22

1,102

619

-3,709

-2,233

795

140

266

-12,652

-942

10,819

3,228

3,582

Accounts payable and accrued expenses

-9,937

205

-5,507

765

-6,722

7,471

-1,690

11,993

-9,014

3,026

-482

4,018

-3,569

3,865

-1,811

2,177

-5,374

-2,191

-202

1,230

-5,800

-309

3,192

2,629

998

-6,487

5,745

-1,263

7,184

-9,405

5,973

-5,231

8,566

-8,437

5,272

-6,103

3,321

-4,164

Net cash provided by operating activities

2,774

22,987

10,807

16,322

2,665

24,902

7,097

24,944

-1,979

15,614

11,326

18,488

6,942

19,096

12,163

16,580

5,303

16,864

20,965

16,864

5,288

12,963

15,311

14,024

7,714

6,788

20,019

8,110

11,881

6,673

14,029

4,455

12,395

19,678

17,617

7,284

4,589

10,262

Cash flows from investing activities
Capital expenditures

1,121

4,479

2,401

2,809

3,196

4,467

3,746

3,825

2,892

1,860

2,335

2,899

2,012

4,517

2,430

2,645

2,505

2,728

3,880

4,136

3,501

3,242

3,430

3,032

3,565

3,335

4,814

4,430

5,612

6,154

4,932

5,457

3,805

3,615

4,316

3,486

4,136

2,919

Payments for businesses acquired, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

500

Payment for swap transaction

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

9,729

-

Other

-73

-299

-41

-135

-166

-139

-184

8

-380

-278

-72

-262

-132

-259

-135

-481

-226

-75

-266

-93

-155

1,032

-105

-236

-164

-119

-83

-182

-357

-190

-317

375

-191

2

-278

-269

-378

91

Net cash used in investing activities

-1,048

-4,180

-2,360

-2,674

-3,030

-4,328

-3,562

-3,833

-2,512

-1,582

-2,263

-2,637

-1,880

-4,258

-2,295

-2,164

-2,279

-2,653

-3,614

-4,043

-3,346

-3,932

-3,325

-3,138

-3,401

-3,216

-4,731

-4,248

-5,255

-5,964

-4,615

-5,832

-3,614

-4,440

-4,038

-3,217

-13,487

-3,510

Cash flows from financing activities
Proceeds from stock option exercises

-

-

-

-

-

-

-

-

-

23

2

3

68

22

46

19

11

111

1

16

545

27

191

568

441

59

0

0

0

-

0

79

-

0

0

67

41

-

Proceeds from issuance of common stock under Employee Stock Purchase Plan

20

24

28

31

50

27

28

28

44

30

37

30

36

24

26

31

39

28

25

31

27

17

17

27

21

17

4

9

0

0

0

7

21

31

8

0

23

21

Share repurchases

2,432

874

319

801

66

0

0

0

60

3,381

0

0

0

0

200

2,364

2,733

0

0

204

0

-

0

151

-

-

0

90

-

-

0

-

-

-

-

-

-

-

Contingent consideration on prior acquisitions

0

0

0

0

3

60

62

61

53

61

63

81

70

118

86

302

65

53

360

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on finance leases

4,602

-

6,105

5,696

5,750

-

5,786

5,663

5,751

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from borrowings on long-term debt agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

402

-

-

0

-

-

-

-

-

-

-

Payments of debt extinguishment costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

66

-

-

-

0

-

-

-

-

-

-

-

Early extinguishment of long-term debt

-

-

-

-

-

-

-

-

-

0

0

5,650

8,500

6,000

7,000

4,600

4,400

3,625

3,625

7,250

0

-

5,000

7,500

-

-

7,000

-

-

-

0

-

-

-

-

-

-

-

Excess tax benefit related to stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

23

8

-

Payments on long-term debt agreements and capital leases

-

-

-

-

-

-

-

-

-

5,456

52,146

4,106

3,808

3,339

3,310

3,220

3,121

7,287

7,262

6,713

6,067

2,780

5,497

2,977

7,963

2,984

2,988

3,075

3,332

3,560

3,575

4,078

4,388

5,460

5,618

6,561

7,540

10,607

Borrowings under revolving credit facilities

40,000

51,500

6,500

5,000

8,250

7,625

3,125

4,125

2,000

8,250

52,350

1,000

1,500

1,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments under revolving credit facilities

25,000

7,000

10,000

8,875

12,125

11,500

7,000

8,000

5,875

12,125

9,375

175

125

50

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid

443

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net borrowings (repayments) under revolving credit facilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-144

-760

-984

925

-532

-697

402

201

-228

929

-1,139

225

1,424

-935

552

-10,121

-3,798

1,820

12,800

-327

Payment of deferred financing costs

-

-

-

-

-

-

-

-

-

-

270

0

-

0

76

0

30

0

0

1

24

2,281

0

-3

457

2,220

0

0

0

0

0

127

712

131

127

377

164

-

Payment of hedge premium

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

632

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

486

-

-

-

485

-

-

-

0

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

7,543

-10,552

-9,896

-10,341

-9,644

-9,739

-9,695

-9,571

-9,695

-12,720

-9,465

-8,979

-10,899

-8,461

-10,600

-10,436

-10,299

-10,826

-11,365

-14,881

-7,135

-11,181

-11,307

-10,727

-7,556

-13,225

-10,763

-1,825

-4,471

-3,335

-2,151

-5,054

-4,527

-15,712

-9,535

-5,028

5,168

-10,913

Effect of foreign currency translation on cash balances

-484

367

511

-336

-654

194

-174

-770

95

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash and cash equivalents

8,785

8,622

-938

2,971

-10,663

11,029

-6,334

10,770

-14,091

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of foreign currency translation on cash balances

-

-

-

-

-

-

-

-

-

384

161

63

267

-778

-80

-321

105

-246

-598

-65

118

-49

-50

54

-126

-39

152

121

43

113

-47

-65

123

-43

3

196

109

243

Net change in cash and cash equivalents

-

-

-

-

-

-

-

-

-

1,696

-241

6,935

-5,570

5,599

-812

3,659

-7,170

3,139

5,388

-2,125

-5,075

-2,199

629

213

-3,369

-9,692

4,677

2,158

2,198

-2,513

7,216

-6,496

4,377

-517

4,047

-765

-3,621

-3,918

Noncash investing and financing activities
Finance lease obligations incurred

-

-

-

-

-

-

-

-

-

4,478

6,404

6,390

7,920

6,603

3,738

5,742

2,865

3,490

2,625

3,542

3,500

4,146

5,506

5,315

4,088

3,662

2,491

2,992

1,254

1,536

1,781

2,884

3,846

3,202

2,023

2,992

2,461

2,408

Finance lease obligations incurred

5,353

-

4,193

5,153

3,664

-

5,632

7,653

3,275

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease obligations incurred

3,498

3,471

898

1,291

1,068

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent liabilities in connection with the acquisition of businesses

-

-

-

-

-

-

-

-

-

-

0

27

-

-29

0

0

104

0

0

0

0

-

186

924

-

-

0

0

-

-

-

-

-

-

1,371

-

-

-

Liabilities in connection with deferred financing fees

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

76

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock options exercised - unsettled

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

550

-

-

-

0

-

-

-

-

-

-

-

-

-

Gain on derivative, net of tax effect

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

55