BROADRIDGE FINANCIAL SOLUTIONS, INC. BR Cash Flow

Broadridge financial solutions, inc. (BR)

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	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09
Net earnings
416,100	421,500	461,300	482,100	505,600	442,500	454,700	427,900	408,200	375,000	343,000	326,800	309,800	297,500	307,700	307,500	303,300	293,700	288,100	287,100	261,400	258,200	251,100	263,000	257,400	250,000	238,200	212,100	160,900	134,200	125,200	123,600	156,400	169,400	173,000	169,600	158,500	153,700	176,900	190,000	0	0	0
Loss from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-35,100	0	0	0
Adjustments to reconcile net earnings to net cash flows provided by operating activities:
Depreciation and amortization
78,000	84,100	84,500	85,200	85,100	84,600	83,900	82,100	78,100	74,100	70,500	68,600	64,600	61,300	57,700	52,600	52,000	51,100	49,700	49,300	48,600	48,600	47,900	46,800	45,400	43,800	45,000	47,600	50,600	53,300	53,300	51,000	39,900	41,900	44,200	43,100	47,000	41,700	37,300	36,800	0	0	0
Amortization of acquired intangibles and purchased intellectual property
114,000	102,600	93,600	87,400	86,300	85,400	83,900	81,400	79,200	78,700	79,200	72,600	60,600	48,700	36,500	31,800	31,500	30,000	27,600	25,300	23,800	23,200	22,900	22,600	22,000	21,700	21,800	21,800	20,900	22,300	22,500	22,200	22,700	21,600	17,600	14,300	1,600	-100	2,300	4,500	0	0	0
Amortization of other assets
96,600	92,500	88,600	87,400	79,800	70,200	59,000	48,500	46,900	44,300	42,600	41,000	46,700	43,700	39,600	36,600	26,100	26,900	28,700	29,700	30,600	30,000	28,900	28,000	26,900	26,000	25,100	24,000	22,900	21,300	20,000	18,800	26,900	20,100	15,600	14,900	0	0	0	-	-	-	-
Stock-based compensation expense
59,200	59,300	59,500	58,400	62,700	59,800	57,300	55,100	50,600	48,000	45,800	46,100	43,300	43,700	42,900	43,100	43,200	41,200	39,200	38,600	39,500	39,500	38,200	34,600	31,000	28,900	27,400	27,100	27,800	27,400	27,300	28,300	28,400	28,900	29,300	30,000	29,500	28,900	27,700	27,300	0	0	0
Deferred income taxes
-11,200	5,700	5,400	-3,500	29,600	-8,100	-5,600	-9,300	-20,100	-17,000	-12,000	-14,700	-1,400	-1,000	-4,900	-5,900	8,700	-1,800	-3,000	600	-25,000	-19,800	-17,200	-11,600	100	19,400	19,500	14,100	7,300	-2,000	-9,000	-8,400	3,500	-200	9,500	12,800	13,200	22,300	5,100	3,400	0	0	0
Excess Tax Benefit from Share-based Compensation, Operating Activities
-	-	-	-	-	-	-	-	-	-	-	40,600	39,200	37,800	40,800	21,300	30,200	35,400	36,700	40,500	36,500	30,700	27,000	22,800	10,200	6,000	4,800	4,600	4,100	5,100	4,600	3,900	3,500	2,000	2,200	2,100	-2,200	-300	100	200	0	0	0
Other
26,400	37,100	43,200	37,600	33,200	32,900	24,500	21,200	16,700	11,100	10,900	8,600	23,300	18,100	13,300	14,600	-1,600	-8,300	-6,900	-8,800	-4,900	-6,000	-5,800	-2,700	-11,600	-8,500	-4,000	-11,400	-12,300	-9,000	-9,200	-3,000	10,700	8,600	8,100	5,400	-8,300	-5,500	-3,400	-1,100	0	0	0
Changes in operating assets and liabilities, net of assets and liabilities acquired:
Current assets and liabilities:
Increase in Accounts receivable, net
3,600	-7,300	-29,900	34,900	71,300	25,600	-12,500	18,600	51,100	55,700	120,900	44,400	63,900	12,700	-2,400	5,300	2,600	27,600	32,600	4,200	57,300	30,300	-9,500	-19,100	13,800	30,500	49,900	73,200	27,900	12,600	-3,200	-34,700	-10,000	-7,300	21,400	39,800	25,000	-28,900	-165,000	-27,800	0	0	0
Increase in Other current assets
15,700	33,700	36,100	7,300	-12,400	13,500	-5,800	7,600	-32,300	-22,200	-15,100	-5,600	20,600	14,800	34,100	12,500	19,900	14,200	15,200	-14,000	-9,700	-14,100	-20,100	2,300	8,100	24,400	15,200	15,600	-10,600	-10,400	-16,500	-23,300	-13,700	-11,500	-24,600	-8,000	0	0	0	-	-	-	0
Decrease in Payables and accrued expenses
21,500	-7,500	-2,100	-10,900	31,700	-1,300	-24,200	9,600	82,000	88,100	88,400	135,400	59,700	37,500	47,100	69,600	60,400	58,900	52,900	30,600	60,500	36,300	33,800	36,600	19,000	-16,400	-11,800	15,800	6,700	17,600	12,500	35,200	3,600	11,300	2,600	-16,000	-27,100	-19,500	1,800	7,800	0	0	0
Increase in Contract liabilities
14,700	13,300	22,200	15,100	-60,400	39,600	-20,900	20,800	-23,000	-4,500	44,900	-4,500	30,300	3,700	-11,000	2,900	600	4,600	6,300	7,100	11,500	200	7,600	5,800	13,700	3,000	1,800	1,400	-10,000	-5,900	2,900	-8,900	16,300	1,800	-10,400	-11,400	-9,200	-5,200	-24,000	100	0	0	0
Increase in Accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	41,900	18,300	1,800	6,200	7,200	9,900	5,500	1,900	-7,000	-2,400	-1,700	-26,800	-5,200	-600	22,400	41,300	23,800	9,400	400	-12,400	1,100	2,800	4,100	8,500	-5,800	-5,000	-13,600	9,900	0	0	0
Non-current assets and liabilities:
Increase in Other non-current assets
292,100	268,700	217,100	188,300	155,200	132,900	104,500	83,500	83,100	71,200	88,200	90,700	92,000	93,100	72,000	59,500	53,600	48,100	47,100	45,300	38,200	43,000	41,300	38,400	49,400	53,200	55,400	61,200	73,100	81,800	109,300	106,500	111,900	88,900	65,200	61,500	34,700	30,500	22,200	10,900	0	0	0
Increase in Other non-current liabilities
71,500	75,000	79,600	83,800	63,500	66,000	113,800	108,300	99,200	109,000	24,000	23,200	22,200	12,600	15,500	6,500	7,600	5,800	19,400	28,400	30,400	37,700	31,600	30,400	45,600	18,100	13,000	8,900	-6,400	17,700	11,100	20,100	26,600	23,500	23,300	23,700	10,400	12,200	16,000	7,500	0	0	0
Net cash flows provided by operating activities
554,700	546,400	626,100	617,000	636,700	633,900	691,400	693,600	628,600	663,200	510,000	515,900	438,700	389,600	374,900	437,700	435,900	403,200	389,700	431,400	356,900	367,600	410,200	387,700	386,000	288,300	281,100	270,900	259,000	276,000	251,700	290,600	255,900	252,100	238,700	190,900	218,200	268,200	305,700	360,100	0	0	0
Cash Flows From Investing Activities
Capital expenditures
68,200	61,200	56,000	50,600	52,800	55,600	55,700	76,700	88,500	107,600	107,900	85,400	66,300	48,900	50,000	57,700	70,500	65,100	59,200	50,300	30,400	30,500	35,800	40,300	41,300	45,400	42,300	38,200	40,700	36,700	36,100	33,800	31,400	29,200	27,000	29,200	40,800	43,300	45,400	42,700	0	0	0
Software purchases and capitalized internal use software
31,500	24,100	21,400	22,000	20,800	20,100	21,700	21,200	26,400	26,600	27,000	28,300	22,600	21,700	22,500	17,800	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions, net of cash acquired
693,800	624,300	402,800	354,700	45,300	78,100	104,600	108,300	63,600	50,500	50,400	448,700	485,700	468,100	455,000	53,000	0	0	0	-	-	-	-	96,900	0	0	0	-	-	-	-	72,400	72,600	270,100	288,800	293,500	317,200	125,100	112,600	35,200	0	0	0
Payments to Acquire Intangible Assets
-	-	-	-	-	-	-	-	-	-	-	90,000	90,000	90,000	90,000	0	0	0	0	-	-	-	-	-	17,700	17,300	13,800	12,700	9,200	7,400	12,100	12,900	18,300	23,400	19,800	18,100	13,300	11,900	11,100	10,400	0	0	0
Other investing activities
-	-	-	-	-	-	-	-	-	-	-	-	0	0	6,200	-	5,300	5,800	6,000	7,500	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities
18,800	23,200	23,400	6,300	1,900	2,100	2,400	3,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows used in investing activities
-812,300	-732,700	-503,500	-433,500	-120,800	-195,900	-224,400	-249,300	-223,900	-191,300	-192,100	-659,300	-671,700	-638,300	-627,200	-136,900	-253,600	-277,500	-285,300	-276,400	-110,500	-132,700	-108,500	-150,300	-157,200	-101,500	-94,900	-52,000	-43,400	-35,600	-39,300	-110,500	-120,200	-322,700	-335,600	-340,800	-371,300	-180,300	-169,100	-88,300	0	0	0
Cash Flows From Financing Activities
Debt proceeds
2,008,400	1,819,200	1,020,600	803,100	450,000	360,000	270,000	340,000	405,000	460,000	580,000	500,000	952,900	932,900	852,900	807,900	410,000	425,000	385,000	320,000	120,000	0	0	399,500	0	0	0	-	-	-	-	490,000	0	0	0	-	-	-	-	-	-	-	-
Payment on Short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	400,000	0	0	0	-	-	-	-	-	-	-	-
Debt repayments
1,098,000	1,159,200	397,400	387,400	480,000	390,000	420,000	390,000	0	0	0	-	-	-	-	475,000	220,000	195,000	175,000	155,000	15,000	0	0	400,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from stock-based compensation awards
-	-	-	-	-	-	-	-	-	-	-	40,600	39,200	37,800	40,800	21,300	30,200	35,400	36,700	40,500	36,500	30,700	27,000	22,800	10,200	6,000	4,800	4,600	4,100	5,100	4,600	3,900	3,500	2,000	2,200	2,100	-2,200	-300	100	200	0	0	0
Dividends paid
235,300	229,400	224,100	211,200	197,900	184,400	170,400	165,800	161,600	158,600	154,600	152,200	148,800	144,800	141,700	138,200	135,200	132,100	129,100	122,300	115,300	107,800	100,400	96,700	93,100	90,000	87,000	85,800	84,100	62,300	79,900	78,100	76,600	95,200	74,500	74,800	75,400	75,500	75,600	66,600	0	0	0
Purchases of Treasury stock
-	-	-	397,800	367,600	394,400	275,900	277,100	160,000	244,600	305,100	342,800	235,400	210,400	156,800	119,800	242,700	287,200	289,600	301,700	251,700	141,400	136,900	129,700	133,800	159,200	170,300	238,500	154,500	123,600	117,900	51,600	55,100	122,000	116,600	222,100	329,200	257,800	312,300	268,900	0	0	0
Proceeds from exercise of stock options
33,900	33,600	42,000	31,100	37,500	66,700	57,800	52,000	53,600	31,300	21,300	60,900	49,200	47,800	63,100	24,800	32,800	43,500	49,800	62,100	66,600	67,400	59,000	49,500	52,100	40,400	42,400	46,300	33,900	41,700	46,100	43,600	58,400	59,000	51,100	47,800	43,700	37,600	47,100	57,200	0	0	0
Payment of contingent consideration liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Costs related to issuance of bonds
-	-	-	-	-	-	-	-	-	-	-	-	0	0	4,300	-	-1,900	-1,900	-1,900	0	0	0	0	-	-	-	-	-	-	-	-	2,900	0	0	0	-	-	-	-	-	-	-	-
Other financing activities
-13,500	-17,300	-13,400	-10,800	-10,600	-5,300	-3,400	-9,000	-8,700	-8,700	-8,700	-3,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	200	-3,300	-4,300	-5,000	-3,600	-1,900	-100	2,100	1,700	0	0	0	-	-	-	0
Net cash flows provided by (used in) financing activities
367,300	169,300	30,800	-173,100	-568,500	-547,200	-541,800	-449,900	-327,000	-346,500	-261,700	-311,700	142,600	176,300	191,000	108,600	-125,900	-111,400	-123,000	-158,300	-160,800	-153,000	-153,200	-158,900	-166,900	-205,300	-213,600	-273,200	-243,900	-213,400	-242,500	-88,700	-74,600	110,800	151,800	-45,300	-122,100	-296,200	-340,800	-278,100	0	0	0
Effect of exchange rate changes on Cash and cash equivalents
-	-	300	-1,100	-7,600	-7,500	-9,200	-1,600	4,900	5,300	5,100	-1,600	5,600	3,200	2,400	-5,700	-12,100	-23,400	-26,400	-20,200	-19,900	-8,100	-300	3,100	300	-300	-1,300	-200	-3,200	300	-4,500	-6,000	-600	-600	5,300	7,900	4,600	1,600	1,500	100	0	0	0
Net change in Cash and cash equivalents
109,900	-15,900	153,600	9,200	-60,000	-116,700	-84,200	-7,200	82,500	130,700	61,300	-456,700	-84,900	-69,300	-58,800	403,700	44,400	-9,000	-45,000	-23,500	65,700	73,800	148,200	81,600	62,200	-18,800	-28,700	-54,500	-36,600	20,900	-41,000	79,000	67,500	50,400	72,100	-171,100	-154,500	-334,800	-50,800	131,700	0	0	0
Cash flows from discontinued operations:
Net cash flows used in operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,400	7,000	10,800	11,900	23,400	127,800	-126,200	176,900	133,500	0	0	0
Net cash flows used in financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-7,200	-11,700	-1,900	-25,000	4,400	0	0	0
Net cash flows used in discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,400	7,000	10,800	11,900	16,200	116,100	-128,100	151,900	137,900	0	0	0
Supplemental disclosure of cash flow information:
Cash payments made for interest
50,000	50,300	47,500	43,400	42,100	41,200	40,700	40,500	43,200	42,200	44,400	43,100	34,100	34,500	26,200	26,700	26,500	25,400	24,700	24,100	23,500	23,900	23,900	17,100	18,500	11,600	13,100	13,500	13,800	13,800	14,600	13,800	12,800	11,800	9,900	9,700	11,000	10,900	11,000	11,100	0	0	0
Cash payments made for income taxes, net of refunds
110,000	118,500	130,800	119,500	107,900	114,300	129,400	177,600	178,000	163,400	136,800	113,400	120,900	118,700	147,400	122,400	129,200	122,000	109,300	85,400	94,200	99,900	105,200	150,300	122,200	154,700	130,200	118,600	107,200	72,700	77,700	71,100	88,800	95,000	77,100	58,400	56,800	54,400	89,400	107,900	0	0	0
Non-cash investing and financing activities:
Dividends payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	3,500	3,100	2,600	1,100	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-
Accrual of unpaid property, plant and equipment and software
13,300	17,500	15,500	8,700	8,400	6,300	6,700	6,200	12,400	18,800	18,500	17,700	0	0	0	-	-	-	-	-	-	-	3,100	2,900	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Increase in acquisition related obligations
-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Obligations related to the purchase of intellectual property
-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-