Barrett business services inc (BBSI)
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'11
Cash flows from operating activities:
Net loss

-3,407

11,714

24,971

13,907

-2,300

16,856

19,089

11,240

-9,123

10,486

14,785

11,126

-11,227

8,047

10,233

8,522

-8,003

11,447

10,973

8,902

-5,828

8,572

-37,818

7,283

-3,583

3,342

8,994

5,886

-2,549

5,789

5,812

3,743

-2,213

-91

5,414

3,449

5,546

Reconciliations of net loss to net cash provided by operating activities:
Depreciation and amortization

1,000

977

970

970

969

991

950

1,274

1,004

2,463

1,062

985

942

912

823

769

749

738

721

709

683

663

646

613

584

550

521

506

460

401

372

356

348

344

334

331

335

Non-cash lease expense

1,724

-

1,734

1,736

1,773

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment (accretion) amortization and (gains) losses recognized

-81

-

-

-

130

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Losses recognized on investments

-

-

-

-

-

-

-

-3

-35

-

-

-

-

6

0

-4

1

0

3

1

-2

-1

-1

0

-1

0

0

1

0

3

1

-1

1

-47

-1

0

100

Gain recognized on sale and leaseback

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

0

31

30

30

31

31

30

30

31

31

30

Deferred Income taxes

508

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,719

-63

-2

74

4,317

-13,714

14

-409

-821

10

-54

-4

271

-23

1,527

-1,474

287

-126

1

291

Share-based compensation

342

1,672

1,673

2,441

1,387

1,510

1,409

1,041

1,542

1,120

1,292

890

882

901

841

681

359

659

658

524

545

513

515

340

331

414

235

184

183

205

205

145

140

141

140

137

55

Excess tax from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-12

0

0

265

-124

-14

55

15

121

333

109

15

0

896

907

280

-

-

-

-

-

-

-

-

Changes in certain operating assets and liabilities:
Trade accounts receivable

2,229

-23,906

24,239

9,071

2,560

-10,977

10,014

5,502

10,394

-19,704

9,227

7,864

12,793

-13,590

-37,853

14,096

73,302

-65,176

17,844

7,486

27,749

-27,134

25,753

8,052

10,370

-13,131

17,865

10,560

6,371

-7,097

7,585

10,258

6,655

-4,350

-8,868

4,964

17,178

Income taxes payable

-1,102

-4,743

738

-890

-843

-

-

-

-

-8,467

6,607

174

-3,041

-

-

-

-

-

-

-

-

1,190

-1,989

2,431

-1,221

272

896

915

0

-2,402

2,776

193

0

-

-

-

-

Income taxes receivable

-

-

-

-

-

-

-2,329

-2,418

3,061

-

-

-

3,078

0

0

-4,007

2,969

1,482

-9,250

-4,937

2,184

-1,132

12,553

-1,596

1,596

-2,142

-3,051

-1,821

7,179

-3,432

0

-601

-100

1,750

0

0

0

Prepaid expenses and other

1,592

-1,055

254

-912

2,752

1,436

2,620

822

3,278

-881

-1,977

1,752

2,931

262

-1,181

-950

2,595

-1,095

-1,421

-969

2,845

-1,553

-317

662

1,595

1,582

-1,541

-1,051

-818

3,318

-1,378

-1,595

-1,388

4,089

-618

-893

1,521

Accounts payable

-1,660

561

608

-533

1,021

-128

513

67

-1,282

1,133

-912

1,436

-1,435

424

62

518

723

35

763

-1,081

781

-120

404

53

-870

531

-89

328

487

-140

222

-69

343

333

612

127

-397

Accrued payroll, payroll taxes and related benefits

6,406

-22,905

16,023

-5,907

30,647

-34,942

8,546

-4,566

9,099

-628

15,285

-6,511

20,383

-7,952

-25,233

-1,815

66,767

-39,784

20,371

-9,243

34,162

-19,018

27,774

-6,290

19,484

-13,037

20,225

-2,658

19,925

-7,965

9,148

-504

16,549

-349

-7,666

-729

23,559

Other accrued liabilities

-2,095

-4,398

-2,664

-1,146

-3,512

13,322

-692

820

-900

1,617

-484

1,368

-1,151

-3,077

6,332

-2,139

392

3,783

-2,462

-1,345

-40

3,062

63

670

98

774

317

168

162

-49

5

-417

467

-302

-204

319

45

Workers' compensation claims liabilities

6,452

8,620

-613

7,962

9,508

14,241

8,050

11,963

15,378

18,977

14,487

9,980

13,696

14,979

14,881

11,907

9,468

7,904

8,527

7,521

6,445

8,324

85,837

2,371

7,691

17,128

11,437

7,331

6,648

8,828

5,896

4,090

1,849

8,630

2,399

1,250

560

Safety incentives liability

-1,620

223

411

388

-2,282

610

536

703

-1,171

973

1,475

1,880

-631

-162

735

2,446

563

1,293

1,813

2,648

1,267

169

1,345

526

-894

1,139

1,008

651

446

1,164

1,137

562

658

461

803

117

-84

Operating lease liabilities

1,672

1,569

1,641

1,658

1,374

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets and liabilities, net

95

82

-29

1,174

-1,220

92

82

10

17

-9

-30

-294

474

919

-356

-198

-297

394

-100

-73

-205

1,292

-64

-217

-74

960

-357

156

-240

-225

-77

-37

-19

-143

-92

19

-42

Net cash provided by operating activities

1,041

19,612

18,660

8,093

30,772

22,882

30,441

18,629

-2,168

52,332

46,377

15,008

-858

23,015

52,821

12,288

-7,817

49,341

38,717

7,070

5,503

36,079

24,806

1,001

7,710

23,024

29,742

4,474

12,956

13,210

19,388

1,571

11,488

6,581

12,273

1,379

11,123

Cash flows from investing activities:
Purchase of property, equipment and software

3,439

3,126

2,545

3,329

1,798

1,237

925

2,354

1,163

1,075

323

1,387

902

1,795

2,655

1,288

1,368

1,093

538

708

657

762

1,436

620

1,814

716

971

1,211

1,199

1,046

1,139

807

720

411

391

246

199

Purchase of investments

23,722

53,685

541

109

8

258

287

628

773

2,724

1,319

1,749

491

-10

-10

77

207

5,271

628

861

1,454

3,998

10,417

9,083

14,936

14,826

4,210

29,612

11,269

4,580

6,646

8,867

13,446

17,268

28,035

16,220

16,490

Proceeds from sales and maturities of investments

21,758

72,830

679

15,247

15

404

112

780

589

2,829

887

1,500

5,502

292

478

3,848

178

5,199

600

22,546

24,651

3,852

2,344

4,111

2,934

2,110

967

50,122

7,651

6,514

9,752

6,890

16,034

20,666

37,028

14,976

3,586

Purchase of restricted investments

1,828

5,866

701

1,222

2,023

4,878

473

22,099

81,289

17,527

110,493

150,465

102,722

-99,135

37,766

62,611

26,830

236,601

34,999

34,551

29,932

125,544

10,122

6,570

20,938

4,222

1,581

4,064

1,530

4,060

1,859

1,996

2,684

2,151

2,897

1,870

2,109

Proceeds from sales and maturities of restricted investments

14,449

10,086

7,644

3,906

30,859

19,831

22,070

11,458

21,291

2,443

41,016

6,799

5,224

-56,235

21,539

13,940

55,634

213,511

21,569

2,429

1,192

5,510

997

3,007

1,010

3,489

1,614

4,142

673

4,301

1,824

1,949

2,722

1,912

2,582

1,441

1,919

Net cash provided by investing activities

7,218

20,239

4,536

14,493

27,045

14,347

20,497

-12,843

-61,345

-16,054

-70,232

-145,302

-93,389

41,388

-16,916

-46,188

27,407

-24,255

-13,996

-11,145

-6,200

-112,788

-18,634

-17,309

-33,744

36,990

-4,181

-44,567

-5,674

1,129

1,932

-2,831

1,906

2,748

8,287

-1,919

-13,293

Cash flows from financing activities:
Proceeds from credit-line borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3,568

0

11,300

0

1,172

16,683

28,251

2,511

0

3,731

0

0

0

54,607

78,057

38,043

12,186

0

0

-

-

-

-

Payments on credit-line borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3,568

0

11,300

0

4,395

19,232

22,479

2,511

0

3,731

0

0

0

54,607

82,589

33,511

12,186

0

0

-

-

-

-

Payments on long-term debt

55

55

55

56

55

55

55

55

55

55

37

73

56

55

7,555

7,555

55

15,054

7,056

3,055

55

55

55

55

55

55

55

56

54

19

0

0

0

-

-

-

-

Repurchase of common stock

2,987

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

25,432

951

2,904

868

55

Common stock repurchased on vesting of stock awards

378

0

2,958

0

178

0

2,784

92

76

7

1,532

66

68

0

393

0

40

0

400

65

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid

2,262

2,254

2,249

1,853

1,852

1,849

1,846

1,827

1,826

1,827

1,824

1,812

1,813

1,593

1,593

1,587

1,586

1,584

1,585

1,572

1,569

1,568

1,293

1,291

1,291

1,291

931

922

912

911

771

770

1,098

1,087

911

918

919

Proceeds from exercise of stock options

904

296

280

56

122

253

223

48

53

15

3

48

97

0

0

0

72

13

-1

495

195

196

25

137

76

0

660

996

204

77

79

132

1,557

49

0

0

5

Excess tax benefits from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-12

0

0

265

-124

-14

55

15

121

333

109

15

0

896

907

280

36

-5

39

225

-

-

-

-

Tax benefit of stock option exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

Net cash used in financing activities

-4,778

-2,013

-4,982

-1,853

-1,963

-1,651

-4,462

-1,926

-1,904

-1,874

-3,390

-1,903

-1,840

-1,660

-9,541

-9,142

-1,344

-16,749

-12,279

-6,691

4,358

36,268

-2,056

-2,091

-1,255

-1,435

570

925

-5,014

9,227

-35,497

-599

-24,748

-1,975

-3,815

-1,786

-956

Net increase in cash, cash equivalents and restricted cash

3,481

37,838

18,214

20,733

55,854

35,578

46,476

3,860

-65,417

34,404

-27,245

-132,197

-96,087

62,743

26,364

-43,042

18,246

8,337

12,442

-10,766

3,661

-40,441

4,116

-18,399

-27,289

58,579

26,131

-39,168

2,268

23,566

-14,177

-1,859

-11,354

7,354

16,745

-2,326

-3,126

Supplemental schedule of noncash financing activities:
Issuance of mandatorily redeemable preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

34,800

-

0

0

0

Total issuance of mandatorily redeemable preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0