BROADRIDGE FINANCIAL SOLUTIONS, INC. BR Cash Flow

Broadridge financial solutions, inc. (BR)

CashFlow / Quarterly

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	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09
Net earnings
166,800	10,100	55,900	183,300	172,200	49,900	76,700	206,800	109,100	62,100	49,900	187,100	75,900	30,100	33,700	170,100	63,600	40,300	33,500	165,900	54,000	34,700	32,500	140,200	50,800	27,600	44,400	134,600	43,400	15,800	18,300	83,400	16,700	6,800	16,700	116,200	29,700	10,400	13,300	105,100	24,900	33,600	26,400
Loss from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-11,100	-5,900	-17,900	-200
Adjustments to reconcile net earnings to net cash flows provided by operating activities:
Depreciation and amortization
15,100	20,900	20,500	21,500	21,200	21,300	21,200	21,400	20,700	20,600	19,400	17,400	16,700	17,000	17,500	13,400	13,400	13,400	12,400	12,800	12,500	12,000	12,000	12,100	12,500	11,300	10,900	10,700	10,900	12,500	13,500	13,700	13,600	12,500	11,200	2,600	15,600	14,800	10,100	6,500	10,300	10,400	9,600
Amortization of acquired intangibles and purchased intellectual property
32,500	30,300	28,100	23,100	21,100	21,300	21,900	22,000	20,200	19,800	19,400	19,800	19,700	20,300	12,800	7,800	7,800	8,100	8,100	7,500	6,300	5,700	5,800	6,000	5,700	5,400	5,500	5,400	5,400	5,500	5,500	4,500	6,800	5,700	5,200	5,000	5,700	1,700	1,900	-7,700	4,000	4,100	4,100
Amortization of other assets
26,300	26,900	22,800	20,600	22,200	23,000	21,600	13,000	12,600	11,800	11,100	11,400	10,000	10,100	9,500	17,100	7,000	6,000	6,500	6,600	7,800	7,800	7,500	7,500	7,200	6,700	6,600	6,400	6,300	5,800	5,500	5,300	4,700	4,500	4,300	13,400	-2,100	0	3,600	-	-	-	-
Stock-based compensation expense
17,300	18,500	11,800	11,600	17,400	18,700	10,700	15,900	14,500	16,200	8,500	11,400	11,900	14,000	8,800	8,600	12,300	13,200	9,000	8,700	10,300	11,200	8,400	9,600	10,300	9,900	4,800	6,000	8,200	8,400	4,500	6,700	7,800	8,300	5,500	6,800	8,300	8,700	6,200	6,300	7,700	7,500	5,800
Deferred income taxes
10,500	-8,300	7,500	-20,900	27,400	-8,600	-1,400	12,200	-10,300	-6,100	-5,100	1,400	-7,200	-1,100	-7,800	14,700	-6,800	-5,000	-8,800	29,300	-17,300	-6,200	-5,200	3,700	-12,100	-3,600	400	15,400	7,200	-3,500	-5,000	8,600	-2,100	-10,500	-4,400	20,500	-5,800	-800	-1,100	20,900	3,300	-18,000	-2,800
Excess Tax Benefit from Share-based Compensation, Operating Activities
-	-	-	-	-	-	-	-	-	-	-	11,600	7,000	1,100	20,900	10,200	5,600	4,100	1,400	19,100	10,800	5,400	5,200	15,100	5,000	1,700	1,000	2,500	800	500	800	2,000	1,800	0	100	1,600	300	200	0	-2,700	2,200	600	100
Other
3,100	1,900	11,000	10,400	13,800	8,000	5,400	6,000	13,500	-400	2,100	1,500	7,900	-600	-200	16,200	2,700	-5,400	1,100	0	-4,000	-4,000	-800	3,900	-5,100	-3,800	2,300	-5,000	-2,000	700	-5,100	-5,900	1,300	500	1,100	7,800	-800	0	-1,600	-5,900	2,000	2,100	700
Changes in operating assets and liabilities, net of assets and liabilities acquired:
Current assets and liabilities:
Increase in Accounts receivable, net
195,900	10,600	-63,800	-139,100	185,000	-12,000	1,000	-102,700	139,300	-50,100	32,100	-70,200	143,900	15,100	-44,400	-50,700	92,700	0	-36,700	-53,400	117,700	5,000	-65,100	-300	90,700	-34,800	-74,700	32,600	107,400	-15,400	-51,400	-12,700	92,100	-31,200	-82,900	12,000	94,800	-2,500	-64,500	-2,800	40,900	-138,600	72,700
Increase in Other current assets
-16,800	5,100	33,400	-6,000	1,200	7,500	4,600	-25,700	27,100	-11,800	18,000	-65,600	37,200	-4,700	27,500	-39,400	31,400	14,600	5,900	-32,000	25,700	15,600	-23,300	-27,700	21,300	9,600	-900	-21,900	37,600	400	-500	-48,100	37,800	-5,700	-7,300	-38,500	40,000	-18,800	9,300	-	-	-	-23,600
Decrease in Payables and accrued expenses
132,300	35,500	-190,500	44,200	103,300	40,900	-199,300	86,800	70,300	18,000	-165,500	159,200	76,400	18,300	-118,500	83,500	54,200	27,900	-96,000	74,300	52,700	21,900	-118,300	104,200	28,500	19,400	-115,500	86,600	-6,900	24,000	-87,900	77,500	4,000	18,900	-65,200	45,900	11,700	10,200	-83,800	34,800	19,300	31,500	-77,800
Increase in Contract liabilities
6,700	8,400	3,100	-3,500	5,300	17,300	-4,000	-79,000	105,300	-43,200	37,700	-122,800	123,800	6,200	-11,700	-88,000	97,200	-8,500	2,200	-90,300	101,200	-6,800	3,000	-85,900	89,900	600	1,200	-78,000	79,200	-600	800	-89,400	83,300	8,200	-11,000	-64,200	68,800	-4,000	-12,000	-62,000	72,800	-22,800	12,100
Increase in Accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	44,400	6,000	-7,900	-600	20,800	-10,500	-3,500	400	23,500	-14,900	-7,100	-8,500	28,100	-14,200	-32,200	13,100	32,700	8,800	-13,300	-4,400	18,300	-200	-26,100	9,100	20,000	1,100	-21,700	-5,200	20,800	-7,500	1,800
Non-current assets and liabilities:
Increase in Other non-current assets
77,000	93,300	74,400	47,400	53,600	41,700	45,600	14,300	31,300	13,300	24,600	13,900	19,400	30,300	27,100	15,200	20,500	9,200	14,600	9,300	15,000	8,200	12,800	2,200	19,800	6,500	9,900	13,200	23,600	8,700	15,700	25,100	32,300	36,200	12,900	30,500	9,300	12,500	9,200	3,700	5,100	4,200	-2,100
Increase in Other non-current liabilities
-4,400	34,600	9,400	31,900	-900	39,200	13,600	11,600	1,600	87,000	8,100	2,500	11,400	2,000	7,300	1,500	1,800	4,900	-1,700	2,600	0	18,500	7,300	4,600	7,300	12,400	6,100	19,800	-20,200	7,300	2,000	4,500	3,900	700	11,000	11,000	800	500	11,400	-2,300	2,600	4,300	2,900
Net cash flows provided by operating activities
144,100	97,900	-86,400	399,100	135,800	177,600	-95,500	418,800	133,000	235,100	-93,300	353,800	167,600	81,900	-87,400	276,600	118,500	67,200	-24,600	274,800	85,800	53,700	17,100	200,300	96,500	96,300	-5,400	198,600	-1,200	89,100	-15,600	186,700	15,800	64,800	23,300	152,000	12,000	51,400	-24,500	179,300	62,000	88,900	29,900
Cash Flows From Investing Activities
Capital expenditures
16,900	17,500	14,100	19,700	9,900	12,300	8,700	21,900	12,700	12,400	29,700	33,700	31,800	12,700	7,200	14,600	14,400	13,800	14,900	27,400	9,000	7,900	6,000	7,500	9,100	13,200	10,500	8,500	13,200	10,100	6,400	11,000	9,200	9,500	4,100	8,600	7,000	7,300	6,300	20,200	9,500	9,400	3,600
Software purchases and capitalized internal use software
13,600	5,200	6,200	6,500	6,200	2,500	6,800	5,300	5,500	4,100	6,300	10,500	5,700	4,500	7,600	4,800	4,800	5,300	2,900	-	-	-	1,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions, net of cash acquired
69,500	221,500	48,100	354,700	0	0	0	45,300	32,800	26,500	3,700	600	19,700	26,400	402,000	37,600	2,100	13,300	0	-	-	-	-	-200	59,400	0	37,700	-	-	-	-	0	100	-400	72,700	200	197,600	18,300	77,400	23,900	5,500	5,800	0
Payments to Acquire Intangible Assets
-	-	-	-	-	-	-	-	-	-	-	0	0	0	90,000	0	0	0	0	-	-	-	-	-	3,800	4,300	2,800	6,800	3,400	800	1,700	3,300	1,600	5,500	2,500	8,700	6,700	1,900	800	3,900	5,300	1,100	100
Other investing activities
-	-	-	-	-	-	-	-	-	-	-	-	1,500	1,400	1,600	-	1,500	1,500	300	2,000	2,000	1,700	1,800	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities
-3,400	800	17,900	3,500	1,000	1,000	800	-900	1,200	1,300	1,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows used in investing activities
-96,700	-244,900	-86,300	-384,400	-17,100	-15,700	-16,300	-71,700	-92,200	-44,200	-41,200	-46,300	-59,600	-45,000	-508,400	-58,700	-26,200	-33,900	-18,100	-175,400	-50,100	-41,700	-9,200	-9,500	-72,300	-17,500	-51,000	-16,400	-16,600	-10,900	-8,100	-7,800	-8,800	-14,600	-79,300	-17,500	-211,300	-27,500	-84,500	-48,000	-20,300	-16,300	-3,700
Cash Flows From Financing Activities
Debt proceeds
349,200	888,600	337,500	433,100	160,000	90,000	120,000	80,000	70,000	0	190,000	145,000	125,000	120,000	110,000	597,900	105,000	40,000	65,000	200,000	120,000	0	0	0	0	0	399,500	-	-	-	-	0	0	0	490,000	-	-	-	-	-	-	-	-
Payment on Short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	400,000	-	-	-	-	-	-	-	-
Debt repayments
118,800	801,800	40,000	137,400	180,000	40,000	30,000	230,000	90,000	70,000	0	-	-	-	-	395,000	40,000	20,000	20,000	140,000	15,000	0	0	0	0	0	400,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from stock-based compensation awards
-	-	-	-	-	-	-	-	-	-	-	11,600	7,000	1,100	20,900	10,200	5,600	4,100	1,400	19,100	10,800	5,400	5,200	15,100	5,000	1,700	1,000	2,500	800	500	800	2,000	1,800	0	100	1,600	300	200	0	-2,700	2,200	600	100
Dividends paid
62,000	61,800	55,400	56,100	56,100	56,500	42,500	42,800	42,600	42,500	37,900	38,600	39,600	38,500	35,500	35,200	35,600	35,400	32,000	32,200	32,500	32,400	25,200	25,200	25,000	25,000	21,500	21,600	21,900	22,000	20,300	19,900	100	39,600	18,500	18,400	18,700	18,900	18,800	19,000	18,800	19,000	9,800
Purchases of Treasury stock
-	-	-	277,500	0	119,200	1,100	247,300	26,800	700	2,300	130,200	111,400	61,200	40,000	22,800	86,400	7,600	3,000	145,700	130,900	10,000	15,100	95,700	20,600	5,500	7,900	99,800	46,000	16,600	76,100	15,800	15,100	10,900	9,800	19,300	82,000	5,500	115,300	126,400	10,600	60,000	71,900
Proceeds from exercise of stock options
4,800	3,100	18,500	7,500	4,500	11,500	7,600	13,900	33,700	2,600	1,800	15,500	11,400	-7,400	41,400	3,800	10,000	7,900	3,100	11,800	20,700	14,200	15,400	16,300	21,500	5,800	5,900	18,900	9,800	7,800	9,800	6,500	17,600	12,200	7,300	21,300	18,200	4,300	4,000	17,200	12,100	13,800	14,100
Payment of contingent consideration liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	200	800	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Costs related to issuance of bonds
-	-	-	-	-	-	-	-	-	-	-	-	0	0	700	-	0	0	0	-1,900	0	0	1,900	-	-	-	-	-	-	-	-	0	0	400	2,500	-	-	-	-	-	-	-	-
Other financing activities
-1,500	-5,800	-2,500	-3,700	-5,300	-1,900	100	-3,500	0	0	-5,500	-3,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	2,500	-200	-1,000	-1,100	-1,000	-1,200	-1,700	300	700	600	500	-100	-	-	-	0
Net cash flows provided by (used in) financing activities
121,100	22,400	258,100	-34,300	-76,900	-116,100	54,200	-429,700	-55,600	-110,700	146,100	-306,800	-75,100	-25,900	96,100	147,500	-41,400	-11,200	13,700	-87,000	-26,900	-22,800	-21,600	-89,500	-19,100	-23,000	-27,300	-97,500	-57,500	-31,300	-86,900	-68,200	-27,000	-60,400	66,900	-54,100	158,400	-19,400	-130,200	-130,900	-15,700	-64,000	-67,500
Effect of exchange rate changes on Cash and cash equivalents
-	-	-200	800	400	-700	-1,600	-5,700	500	-2,400	6,000	800	900	-2,600	-700	8,000	-1,500	-3,400	-8,800	1,600	-12,800	-6,400	-2,600	1,900	-1,000	1,400	800	-900	-1,600	400	1,900	-3,900	1,900	-4,400	400	1,500	1,900	1,500	3,000	-1,800	-1,100	1,400	1,600
Net change in Cash and cash equivalents
168,100	-124,300	85,100	-19,000	42,300	45,200	-59,300	-88,200	-14,400	77,700	17,700	1,500	33,800	8,300	-500,300	373,300	49,400	18,800	-37,800	14,000	-4,000	-17,200	-16,300	103,200	4,100	57,200	-82,900	83,800	-76,900	47,300	-108,700	101,700	-19,400	-14,600	11,300	90,200	-36,500	7,100	-231,900	106,800	-216,800	291,100	-49,400
Cash flows from discontinued operations:
Net cash flows used in operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,100	-1,300	0	0	8,300	2,500	1,100	11,500	112,700	-251,500	304,200	-31,900
Net cash flows used in financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	-7,200	-4,500	9,800	-23,100	22,200
Net cash flows used in discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,100	-1,300	0	0	8,300	2,500	1,100	4,300	108,200	-241,700	281,100	-9,700
Supplemental disclosure of cash flow information:
Cash payments made for interest
10,300	13,900	13,600	12,200	10,600	11,100	9,500	10,900	9,700	10,600	9,300	13,600	8,700	12,800	8,000	4,600	9,100	4,500	8,500	4,400	8,000	3,800	7,900	3,800	8,400	3,800	1,100	5,200	1,500	5,300	1,500	5,500	1,500	6,100	700	4,500	500	4,200	500	5,800	400	4,300	600
Cash payments made for income taxes, net of refunds
12,500	19,100	41,500	36,900	21,000	31,400	30,200	25,300	27,400	46,500	78,400	25,700	12,800	19,900	55,000	33,200	10,600	48,600	30,000	40,000	3,400	35,900	6,100	48,800	9,100	41,200	51,200	20,700	41,600	16,700	39,600	9,300	7,100	21,700	33,000	27,000	13,300	3,800	14,300	25,400	10,900	38,800	32,800
Non-cash investing and financing activities:
Dividends payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	7,200	-	100	500	3,100	-200	-300	0	1,600	-	-	-	1,300	-	-	-	-	-	-	-	-
Accrual of unpaid property, plant and equipment and software
-1,600	1,900	8,700	4,300	2,600	-100	1,900	4,000	500	300	1,400	10,200	6,900	0	600	-	-	-	-	-	-	-	300	1,300	1,500	0	100	-	-	-	500	-	-	-	-	-	-	-	-	-	-	-	-
Increase in acquisition related obligations
-	-	-	-	-	-	-	-	-	-	-	-	4,000	2,500	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Obligations related to the purchase of intellectual property
-	-	-	-	-	-	-	-	-	-	-	-	0	0	5,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-