Arc document solutions, inc. (ARC)
CashFlow / TTM
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

2,855

2,840

3,674

5,202

8,698

8,727

-4,985

-22,339

-22,627

-21,355

-6,520

11,149

-48,379

-47,499

-47,094

30,340

95,605

97,388

92,097

15,381

10,546

7,431

-6,269

-10,217

-13,962

-14,575

-4,374

-24,140

-25,892

-31,465

-28,847

-50,449

-134,316

-133,108

-155,337

0

0

0

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

624

590

876

882

988

1,083

1,019

1,243

1,368

1,249

1,141

1,159

1,055

918

692

478

385

340

394

481

425

546

493

401

602

600

475

498

361

456

820

1,021

1,094

1,034

1,027

0

0

0

Depreciation

28,784

28,800

28,911

29,270

29,313

29,019

28,921

28,909

28,990

29,000

28,673

27,993

27,380

26,918

26,867

27,210

27,630

28,019

28,269

28,268

28,219

28,148

28,129

28,149

28,140

28,100

28,255

28,339

28,380

28,487

28,183

28,097

28,481

29,161

30,535

0

0

0

Amortization of intangible assets

2,843

3,141

3,406

3,637

3,755

3,868

3,972

4,076

4,173

4,280

4,378

4,485

4,635

4,833

5,041

5,256

5,466

5,642

5,795

5,917

5,978

5,987

6,054

6,167

6,363

6,612

6,847

7,083

8,189

11,035

13,840

16,648

18,564

18,715

16,585

0

0

0

Amortization of deferred financing costs

169

208

219

223

227

232

235

248

272

306

347

389

421

445

473

500

546

589

631

683

736

758

854

934

998

1,098

1,107

1,113

1,116

1,088

1,037

986

926

887

1,051

0

0

0

Amortization of discount on long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

764

827

788

731

671

658

646

629

611

595

579

564

549

0

0

0

-

Goodwill impairment

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

0

-

0

Stock-based compensation

2,351

2,459

2,475

2,450

2,400

2,445

2,472

2,574

2,816

2,900

2,872

2,823

2,658

2,693

2,867

2,952

3,201

3,512

3,902

4,123

4,104

3,802

3,776

3,548

3,396

3,207

2,591

2,417

2,147

1,999

1,953

1,916

3,226

4,271

5,228

0

0

0

Deferred income taxes

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit related to stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

Deferred income taxes

-

-

-

-

-

-

0

0

0

-

2,352

7,031

0

-

-4,066

-4,167

9,746

-

7,378

7,280

5,712

5,429

445

-1,473

-2,607

-4,909

-1,214

-5,193

-6,517

-6,433

-7,134

-8,346

-1,970

673

-6,408

0

0

0

Deferred tax valuation allowance

-349

-51

96

165

205

140

0

0

0

-

-555

-100

0

-

-197

75,893

79,063

-

79,782

5,306

3,797

3,552

-2,065

-4,066

-5,968

-7,277

-3,544

-7,012

-7,802

-9,750

-8,145

-68,631

0

-

0

0

-

-

Restructuring expense, non-cash portion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

342

570

244

363

0

0

-

0

-

-

-

-

-

-

-

Amortization of derivative, net of tax effect

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,154

2,736

3,121

3,397

3,565

0

0

0

-

Loss on extinguishment and modification of debt

-

-

-

-

-

-

-

-

-

-230

-282

-224

-228

-208

-245

-275

-328

-282

-540

-444

0

-

0

0

-

-

0

-

-

-

-

-

-

-

-

-

-

-

Other non-cash items, net

402

444

322

297

330

314

-84

26

127

56

517

399

355

716

573

559

550

390

91

419

466

462

688

355

379

323

-174

-119

-237

-321

-7

333

317

417

224

0

0

0

Changes in operating assets and liabilities:
Accounts receivable, net

-6,661

-6,119

-3,569

187

2,391

2,767

4,842

2,368

702

-2,158

-1,397

54

83

1,294

-2,081

-5,974

-3,987

-729

2,111

6,037

7,985

6,898

6,199

778

-615

5,133

1,494

3,189

1,016

-2,533

-2,586

4

-52

2,582

7,748

0

0

0

Inventory

-3,459

-2,791

-2,688

-1,894

-2,572

-2,737

-602

-243

-719

1,339

-956

-669

1,556

1,590

2,388

876

1,442

967

1,924

3,149

1,299

2,220

2,416

1,833

1,684

-376

-382

1,140

2,438

3,005

3,872

1,707

500

1,170

-865

0

0

0

Prepaid expenses and other assets

-13,434

-11,828

-7,606

-2,930

-134

1,814

1,753

-839

504

556

1,533

1,383

490

-109

132

87

-694

-2,296

-1,420

750

53

1,830

331

487

1,521

-1,966

-4,221

-4,528

-5,007

-1,032

-11,451

-13,188

-2,509

453

16,687

0

0

0

Accounts payable and accrued expenses

-14,474

-11,259

-3,993

-176

11,052

8,760

4,315

5,523

-2,452

2,993

3,832

2,503

662

-1,143

-7,199

-5,590

-6,537

-6,963

-5,081

-1,687

-288

6,510

332

2,885

-1,007

5,179

2,261

2,489

-1,479

-97

871

170

-702

-5,947

-1,674

0

0

0

Net cash provided by operating activities

52,890

52,781

54,696

50,986

59,608

54,964

45,676

49,905

43,449

52,370

55,852

56,689

54,781

53,142

50,910

59,712

59,996

59,981

56,080

50,426

47,586

50,012

43,837

48,545

42,631

46,798

46,683

40,693

37,038

37,552

50,557

54,145

56,974

49,168

39,752

0

0

0

Cash flows from investing activities
Capital expenditures

10,810

12,885

12,873

14,218

15,234

14,930

12,323

10,912

9,986

9,106

11,763

11,858

11,604

12,097

10,308

11,758

13,249

14,245

14,759

14,309

13,205

13,269

13,362

14,746

16,144

18,191

21,010

21,128

22,155

20,348

17,809

17,193

15,222

15,553

14,857

0

0

0

Payments for businesses acquired, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

0

Payment for swap transaction

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,729

0

0

0

-

Other

-548

-641

-481

-624

-481

-695

-834

-722

-992

-744

-725

-788

-1,007

-1,101

-917

-1,048

-660

-589

518

679

536

527

-624

-602

-548

-741

-812

-1,046

-489

-323

-131

-92

-736

-923

-834

0

0

0

Net cash used in investing activities

-10,262

-12,244

-12,392

-13,594

-14,753

-14,235

-11,489

-10,190

-8,994

-8,362

-11,038

-11,070

-10,597

-10,996

-9,391

-10,710

-12,589

-13,656

-14,935

-14,646

-13,741

-13,796

-13,080

-14,486

-15,596

-17,450

-20,198

-20,082

-21,666

-20,025

-18,501

-17,924

-15,309

-25,182

-24,252

0

0

0

Cash flows from financing activities
Proceeds from stock option exercises

-

-

-

-

-

-

-

-

-

96

95

139

155

98

187

142

139

673

589

779

1,331

1,227

1,259

1,068

500

59

0

79

0

-

0

0

-

108

0

0

0

-

Proceeds from issuance of common stock under Employee Stock Purchase Plan

103

133

136

136

133

127

130

139

141

133

127

116

117

120

124

123

123

111

100

92

88

82

82

69

51

30

13

9

7

28

59

67

60

62

52

0

0

0

Share repurchases

4,426

2,060

1,186

867

66

60

3,441

3,441

3,441

3,381

0

200

2,564

5,297

5,297

5,097

2,937

204

204

355

0

-

0

0

-

-

0

0

-

-

0

-

-

-

-

-

-

-

Contingent consideration on prior acquisitions

0

3

63

125

186

236

237

238

258

275

332

355

576

571

506

780

478

413

360

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on finance leases

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from borrowings on long-term debt agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

-

-

-

-

-

-

-

Payments of debt extinguishment costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

Early extinguishment of long-term debt

-

-

-

-

-

-

-

-

-

14,150

20,150

27,150

26,100

22,000

19,625

16,250

18,900

14,500

15,875

19,750

0

-

0

0

-

-

0

-

-

-

0

-

-

-

-

-

-

-

Excess tax benefit related to stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

Payments on long-term debt agreements and capital leases

-

-

-

-

-

-

-

-

-

65,516

63,399

14,563

13,677

12,990

16,938

20,890

24,383

27,329

22,822

21,057

17,321

19,217

19,421

16,912

17,010

12,379

12,955

13,542

14,545

15,601

17,501

19,544

22,027

25,179

30,326

0

0

0

Borrowings under revolving credit facilities

103,000

71,250

27,375

24,000

23,125

16,875

17,500

66,725

63,600

63,100

55,850

3,500

2,500

1,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments under revolving credit facilities

50,875

38,000

42,500

39,500

38,625

32,375

33,000

35,375

27,550

21,800

9,725

350

175

50

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net borrowings (repayments) under revolving credit facilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-963

-1,351

-1,288

98

-626

-322

1,304

-237

-213

1,439

-425

1,266

-9,080

-14,302

-11,547

701

10,495

0

0

0

Payment of deferred financing costs

-

-

-

-

-

-

-

-

-

-

270

76

-

106

106

30

31

25

2,306

2,306

2,302

2,735

2,674

2,674

2,677

2,220

0

0

127

839

970

1,097

1,347

799

0

0

0

-

Payment of hedge premium

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

632

632

632

632

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-23,246

-40,433

-39,620

-39,419

-38,649

-38,700

-41,681

-41,451

-40,859

-42,063

-37,804

-38,939

-40,396

-39,796

-42,161

-42,926

-47,371

-44,207

-44,562

-44,504

-40,350

-40,771

-42,815

-42,271

-33,369

-30,284

-20,394

-11,782

-15,011

-15,067

-27,444

-34,828

-34,802

-25,107

-20,308

0

0

0

Effect of foreign currency translation on cash balances

58

-112

-285

-970

-1,404

-655

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash and cash equivalents

19,440

-8

2,399

-2,997

4,802

1,374

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of foreign currency translation on cash balances

-

-

-

-

-

-

-

-

-

875

-287

-528

-912

-1,074

-542

-1,060

-804

-791

-594

-46

73

-171

-161

41

108

277

429

230

44

124

-32

18

279

265

551

0

0

0

Net change in cash and cash equivalents

-

-

-

-

-

-

-

-

-

2,820

6,723

6,152

2,876

1,276

-1,184

5,016

-768

1,327

-4,011

-8,770

-6,432

-4,726

-12,219

-8,171

-6,226

-659

6,520

9,059

405

2,584

4,580

1,411

7,142

-856

-4,257

0

0

0

Noncash investing and financing activities
Finance lease obligations incurred

-

-

-

-

-

-

-

-

-

25,192

27,317

24,651

24,003

18,948

15,835

14,722

12,522

13,157

13,813

16,694

18,467

19,055

18,571

15,556

13,233

10,399

8,273

7,563

7,455

10,047

11,713

11,955

12,063

10,678

9,884

0

0

0

Finance lease obligations incurred

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease obligations incurred

9,158

6,728

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent liabilities in connection with the acquisition of businesses

-

-

-

-

-

-

-

-

-

-

-2

-2

-

75

104

104

104

0

186

1,110

0

-

0

0

-

-

0

0

-

-

-

-

-

-

0

-

-

-

Liabilities in connection with deferred financing fees

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock options exercised - unsettled

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

Gain on derivative, net of tax effect

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0