BARRETT BUSINESS SERVICES INC BBSI Cash Flow

Barrett business services inc (BBSI)

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
Cash flows from operating activities:
Net loss
47,185	48,292	53,434	47,552	44,885	38,062	31,692	27,388	27,274	25,170	22,731	18,179	15,575	18,799	22,199	22,939	23,319	25,494	22,619	-26,172	-27,791	-25,546	-30,776	16,036	14,639	15,673	18,120	14,938	12,795	13,131	7,251	6,853	6,559	14,318	0	0	0
Reconciliations of net loss to net cash provided by operating activities:
Depreciation and amortization
3,917	3,886	3,900	3,880	4,184	4,219	5,691	5,803	5,514	5,452	3,901	3,662	3,446	3,253	3,079	2,977	2,917	2,851	2,776	2,701	2,605	2,506	2,393	2,268	2,161	2,037	1,888	1,739	1,589	1,477	1,420	1,382	1,357	1,344	0	0	0
Non-cash lease expense
0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment (accretion) amortization and (gains) losses recognized
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Losses recognized on investments
-	-	-	-	-	-	-	0	0	-	-	-	-	3	-3	0	5	2	1	-3	-4	-3	-2	-1	0	1	4	5	3	4	-46	-48	-47	52	0	0	0
Gain recognized on sale and leaseback
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	60	91	122	122	122	122	122	122	122	0	0	0
Deferred Income taxes
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,728	4,326	-9,325	-9,309	-9,792	-14,930	-1,206	-1,274	-869	223	190	1,771	301	317	214	-1,312	453	0	0	0
Share-based compensation
6,128	7,173	7,011	6,747	5,347	5,502	5,112	4,995	4,844	4,184	3,965	3,514	3,305	2,782	2,540	2,357	2,200	2,386	2,240	2,097	1,913	1,699	1,600	1,320	1,164	1,016	807	777	738	695	631	566	558	473	0	0	0
Excess tax from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	253	141	127	182	-68	177	524	578	578	457	1,020	1,818	2,083	0	0	0	-	-	-	-	-	-	-	-
Changes in certain operating assets and liabilities:
Trade accounts receivable
11,633	11,964	24,893	10,668	7,099	14,933	6,206	5,419	7,781	10,180	16,294	-30,786	-24,554	35,955	-15,631	40,066	33,456	-12,097	25,945	33,854	34,420	17,041	31,044	23,156	25,664	21,665	27,699	17,419	17,117	17,401	20,148	3,695	-1,599	8,924	0	0	0
Income taxes payable
-5,997	-5,738	0	0	0	-	-	-	-	-4,727	0	0	0	-	-	-	-	-	-	-	-	411	-507	2,378	862	2,083	-591	1,289	567	567	0	0	0	-	-	-	-
Income taxes receivable
-	-	-	-	-	-	0	0	0	-	-	-	-929	-1,038	444	-8,806	-9,736	-10,521	-13,135	8,668	12,009	11,421	10,411	-5,193	-5,418	165	-1,125	1,926	3,146	-4,133	1,049	1,049	1,650	1,750	0	0	0
Prepaid expenses and other
-121	1,039	3,530	5,896	7,630	8,156	5,839	1,242	2,172	1,825	2,968	3,764	1,062	726	-631	-871	-890	-640	-1,098	6	1,637	387	3,522	2,298	585	-1,828	-92	71	-473	-1,043	-272	488	1,190	4,099	0	0	0
Accounts payable
-1,024	1,657	968	873	1,473	-830	431	-994	375	222	-487	487	-431	1,727	1,338	2,039	440	498	343	-16	1,118	-533	118	-375	-100	1,257	586	897	500	356	829	1,219	1,415	675	0	0	0
Accrued payroll, payroll taxes and related benefits
-6,383	17,858	5,821	-1,656	-315	-21,863	12,451	19,190	17,245	28,529	21,205	-19,313	-14,617	31,767	-65	45,539	38,111	5,506	26,272	33,675	36,628	21,950	27,931	20,382	24,014	24,455	29,527	18,450	20,604	17,228	24,844	8,030	7,805	14,815	0	0	0
Other accrued liabilities
-10,303	-11,720	6,000	7,972	9,938	12,550	845	1,053	1,601	1,350	-3,344	3,472	-35	1,508	8,368	-426	368	-64	-785	1,740	3,755	3,893	1,605	1,859	1,357	1,421	598	286	-299	6	-247	-456	280	-142	0	0	0
Workers' compensation claims liabilities
22,421	25,477	31,098	39,761	43,762	49,632	54,368	60,805	58,822	57,140	53,142	53,536	55,463	51,235	44,160	37,806	33,420	30,397	30,817	108,127	102,977	104,223	113,027	38,627	43,587	42,544	34,244	28,703	25,462	20,663	20,465	16,968	14,128	12,839	0	0	0
Safety incentives liability
-598	-1,260	-873	-748	-433	678	1,041	1,980	3,157	3,697	2,562	1,822	2,388	3,582	5,037	6,115	6,317	7,021	5,897	5,429	3,307	1,146	2,116	1,779	1,904	3,244	3,269	3,398	3,309	3,521	2,818	2,484	2,039	1,297	0	0	0
Operating lease liabilities
6,540	6,242	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets and liabilities, net
1,322	7	17	128	-1,036	201	100	-12	-316	141	1,069	743	839	68	-457	-201	-76	16	914	950	806	937	605	312	685	519	-666	-386	-579	-358	-276	-291	-235	-258	0	0	0
Net cash provided by operating activities
47,406	77,137	80,407	92,188	102,724	69,784	99,234	115,170	111,549	112,859	83,542	89,986	87,266	80,307	106,633	92,529	87,311	100,631	87,369	73,458	67,389	69,596	56,541	61,477	64,950	70,196	60,382	50,028	47,125	45,657	39,028	31,913	31,721	31,356	0	0	0
Cash flows from investing activities:
Purchase of property, equipment and software
12,439	10,798	8,909	7,289	6,314	5,679	5,517	4,915	3,948	3,687	4,407	6,739	6,640	7,106	6,404	4,287	3,707	2,996	2,665	3,563	3,475	4,632	4,586	4,121	4,712	4,097	4,427	4,595	4,191	3,712	3,077	2,329	1,768	1,247	0	0	0
Purchase of investments
78,057	54,343	916	662	1,181	1,946	4,412	5,444	6,565	6,283	3,549	2,220	548	264	5,545	6,183	6,967	8,214	6,941	16,730	24,952	38,434	49,262	43,055	63,584	59,917	49,671	52,107	31,362	33,539	46,227	67,616	74,969	78,013	0	0	0
Proceeds from sales and maturities of investments
110,514	88,771	16,345	15,778	1,311	1,885	4,310	5,085	5,805	10,718	8,181	7,772	10,120	4,796	9,703	9,825	28,523	52,996	51,649	53,393	34,958	13,241	11,499	10,122	56,133	60,850	65,254	74,039	30,807	39,190	53,342	80,618	88,704	76,256	0	0	0
Purchase of restricted investments
9,617	9,812	8,824	8,596	29,473	108,739	121,388	231,408	359,774	381,207	264,545	191,818	103,964	28,072	363,808	361,041	332,981	336,083	225,026	200,149	172,168	163,174	41,852	33,311	30,805	11,397	11,235	11,513	9,445	10,599	8,690	9,728	9,602	9,027	0	0	0
Proceeds from sales and maturities of restricted investments
36,085	52,495	62,240	76,666	84,218	74,650	57,262	76,208	71,549	55,482	-3,196	-22,673	-15,532	34,878	304,624	304,654	293,143	238,701	30,700	10,128	10,706	10,524	8,503	9,120	10,255	9,918	10,730	10,940	8,747	10,796	8,407	9,165	8,657	7,854	0	0	0
Net cash provided by investing activities
46,486	66,313	60,421	76,382	49,046	-39,344	-69,745	-160,474	-292,933	-324,977	-267,535	-214,219	-115,105	5,691	-59,952	-57,032	-21,989	-55,596	-144,129	-148,767	-154,931	-182,475	-32,697	-18,244	-45,502	-17,432	-53,293	-47,180	-5,444	2,136	3,755	10,110	11,022	-4,177	0	0	0
Cash flows from financing activities:
Proceeds from credit-line borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	14,868	14,868	12,472	29,155	46,106	48,617	47,445	34,493	6,242	3,731	3,731	54,607	132,664	170,707	182,893	128,286	50,229	0	0	0	-	-	-	-
Payments on credit-line borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	14,868	14,868	15,695	34,927	46,106	48,617	44,222	28,721	6,242	3,731	3,731	54,607	137,196	170,707	182,893	128,286	45,697	0	0	0	-	-	-	-
Payments on long-term debt
221	221	221	221	220	220	220	202	220	221	221	7,739	15,221	15,220	30,219	29,720	25,220	25,220	10,221	3,220	220	220	220	220	221	220	184	129	73	19	0	0	0	-	-	-	-
Repurchase of common stock
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,432	26,383	29,287	30,155	4,778	0	0	0
Common stock repurchased on vesting of stock awards
3,336	3,136	3,136	2,962	3,054	2,952	2,959	1,707	1,681	1,673	1,666	527	461	433	433	440	505	465	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid
8,618	8,208	7,803	7,400	7,374	7,348	7,326	7,304	7,289	7,276	7,042	6,811	6,586	6,359	6,350	6,342	6,327	6,310	6,294	6,002	5,721	5,443	5,166	4,804	4,435	4,056	3,676	3,516	3,364	3,550	3,726	3,866	4,014	3,835	0	0	0
Proceeds from exercise of stock options
1,536	754	711	654	646	577	339	119	119	163	148	145	97	72	85	84	579	702	885	911	553	434	238	873	1,732	1,860	1,937	1,356	492	1,845	1,817	1,738	1,606	54	0	0	0
Excess tax benefits from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	253	141	127	182	-68	177	524	578	578	457	1,020	1,818	2,083	2,119	1,218	350	295	0	0	0	-	-	-	-
Tax benefit of stock option exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net cash used in financing activities
-13,626	-10,811	-10,449	-9,929	-10,002	-9,943	-10,166	-9,094	-9,071	-9,007	-8,793	-14,944	-22,183	-21,687	-36,776	-39,514	-37,063	-31,361	21,656	31,879	36,479	30,866	-6,837	-4,211	-1,195	-4,954	5,708	-30,359	-31,883	-51,617	-62,819	-31,137	-32,324	-8,532	0	0	0
Net increase in cash, cash equivalents and restricted cash
80,266	132,639	130,379	158,641	141,768	20,497	19,323	-54,398	-190,455	-221,125	-192,786	-139,177	-50,022	64,311	9,905	-4,017	28,259	13,674	-35,104	-43,430	-51,063	-82,013	17,007	39,022	18,253	47,810	12,797	-27,511	9,798	-3,824	-20,036	10,886	10,419	18,647	0	0	0
Supplemental schedule of noncash financing activities:
Issuance of mandatorily redeemable preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Total issuance of mandatorily redeemable preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0