| 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||||||||||||
Net income | ||||||||||||||||||||
69,326 | 53,613 | 49,835 | 36,395 | 38,739 | 42,008 | 38,314 | 43,785 | 40,653 | 144,293 | 30,903 | 27,862 | 32,113 | 25,765 | 20,875 | 26,633 | 27,044 | 28,866 | 19,413 | 21,435 | 22,108 |
Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||||||||||
Depreciation and amortization | ||||||||||||||||||||
65,279 | 59,271 | 48,737 | 54,835 | 53,844 | 49,506 | 50,414 | 49,033 | 48,778 | 47,349 | 46,712 | 48,022 | 39,536 | 42,239 | 36,218 | 34,689 | 34,693 | 36,581 | 36,107 | 35,435 | 36,380 |
Amortization of debt issuance costs | ||||||||||||||||||||
1,100 | 1,100 | 1,100 | 1,282 | 1,118 | 1,100 | 1,100 | 1,030 | 970 | 1,017 | 992 | 791 | 400 | 409 | 424 | 405 | 404 | 902 | 0 | 0 | 0 |
Equity-based compensation | ||||||||||||||||||||
3,221 | 3,139 | 3,058 | 3,082 | 3,021 | 3,224 | 2,418 | 2,506 | 2,338 | 2,822 | 3,076 | 2,418 | 2,427 | 2,645 | 3,187 | 3,420 | 3,046 | 2,875 | 2,054 | 4,011 | 273 |
Increase in deferred income taxes | ||||||||||||||||||||
-20,108 | -27,299 | -11,065 | -4,545 | -7,102 | -16,347 | -9,067 | -3,849 | -5,710 | 77,403 | 3,101 | 6,922 | -203 | 934 | 3,893 | -660 | -2,670 | 11,299 | -11,922 | -5,875 | -5,580 |
(Gain) loss on asset sales and disposals, net | ||||||||||||||||||||
5,621 | -2,812 | -2,362 | -910 | -1,103 | -1,659 | -3,140 | -2,734 | -6,634 | -3,754 | -2,506 | -460 | 6,146 | -1,196 | -1,060 | -157 | -408 | 531 | -216 | -500 | -417 |
Changes in operating assets and liabilities, net of effects from acquisitions: | ||||||||||||||||||||
Decrease in accounts receivable, net | ||||||||||||||||||||
-3,066 | 3,830 | 591 | 1,930 | -2,831 | 1,779 | -6,113 | 8,804 | -4,453 | -24,155 | 8,272 | -254 | -2,009 | 1,964 | -125 | 1,355 | -4,967 | 4,300 | 625 | 3,900 | -3,849 |
(Increase) decrease in income taxes receivable | ||||||||||||||||||||
13,882 | 385 | -932 | -1,965 | -6,055 | 2,147 | -447 | -7,769 | -4,549 | 3,204 | 1,588 | 16,539 | -4,547 | - | - | - | - | - | - | - | - |
Increase in prepaid and other current assets | ||||||||||||||||||||
8,857 | -3,715 | -2,822 | -1,342 | 8,341 | -3,604 | -1,410 | -1,370 | 8,576 | -4,189 | -2,131 | -2,089 | 3,336 | -1,674 | 2,904 | -3,560 | 4,948 | -2,490 | 226 | -1,567 | 2,068 |
Increase (decrease) in accounts payable and accrued liabilities | ||||||||||||||||||||
-13,789 | 7,729 | 3,719 | 3,562 | 1,442 | -13,416 | 1,002 | -3,776 | -11,663 | 13,492 | 7,455 | -6,096 | -7,977 | -2,381 | 11,407 | -7,447 | 2,473 | -9,233 | 16,336 | 8,742 | -428 |
Increase in deferred revenue | ||||||||||||||||||||
1,246 | -723 | -511 | -1,018 | 820 | 273 | -110 | 1,011 | 2,772 | -20,666 | -62 | -346 | 527 | -864 | -300 | -189 | 29 | 504 | -24 | -167 | 1,046 |
Decrease in income taxes payable | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 14,758 | -2,990 | -2,915 | -11,788 | 11,765 | -13,275 | 15,780 | -519 | 87 |
Other, net | ||||||||||||||||||||
2,703 | -2,794 | -145 | 1,070 | 3,356 | 202 | 2,276 | -1,281 | 1,926 | 15,434 | -1,975 | -907 | 395 | -5,180 | -1,087 | -616 | -328 | -1,211 | -381 | -238 | 314 |
Net cash provided by operating activities | ||||||||||||||||||||
118,500 | 156,556 | 122,691 | 108,116 | 104,378 | 100,152 | 111,015 | 101,910 | 94,692 | 104,698 | 88,929 | 52,599 | 78,260 | 63,549 | 67,992 | 48,041 | 77,539 | 57,389 | 77,490 | 61,467 | 55,770 |
Purchase of business, net of cash acquired | ||||||||||||||||||||
0 | 526,523 | 0 | 0 | 356,917 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Capital expenditures | ||||||||||||||||||||
64,757 | 86,028 | 65,836 | 63,861 | 46,627 | 58,596 | 68,302 | 49,849 | 41,019 | 50,533 | 52,400 | 40,513 | 35,917 | 39,481 | 26,320 | 37,628 | 27,395 | 72,822 | 29,977 | 37,563 | 31,702 |
Decrease in accrued expenses related to capital expenditures | ||||||||||||||||||||
8,238 | -5,942 | -3,979 | -2,341 | 7,751 | -265 | -4,257 | -2,309 | 4,826 | -2,185 | -3,487 | 362 | 1,143 | -1,516 | 6,748 | -8,407 | 19,365 | -14,385 | -1,005 | -550 | 5,715 |
Proceeds from sales of property, plant and equipment | ||||||||||||||||||||
518 | -11 | 52 | 672 | 6,326 | -361 | 258 | 1,343 | 226 | 642 | 422 | 837 | 10,075 | 950 | -82 | 264 | 195 | 611 | 286 | 6 | 8 |
Issuance of note receivable | ||||||||||||||||||||
3,540 | - | - | - | 0 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Net cash used in investing activities | ||||||||||||||||||||
-76,017 | -606,620 | -61,805 | -60,848 | -404,969 | -58,692 | -63,787 | -46,197 | -45,619 | -47,706 | -47,655 | -768,821 | -26,985 | -38,927 | -27,158 | -28,957 | -46,565 | -57,826 | -28,686 | -37,007 | -37,409 |
Cash flows from financing activities: | ||||||||||||||||||||
Net transfers to GHC | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -9,870 | 4,284 | -25,459 | -11,620 |
Proceeds from long-term debt borrowings | ||||||||||||||||||||
100,000 | 450,000 | 0 | 575,000 | 250,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Payment of debt issuance costs | ||||||||||||||||||||
0 | 88 | 85 | 9,261 | 2,410 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Payments on long-term debt | ||||||||||||||||||||
7,260 | 7,440 | 4,260 | 686,649 | 4,531 | 4,378 | 4,380 | 2,817 | 2,816 | 2,817 | 2,817 | 93,754 | 1,254 | 1,255 | 1,254 | 630 | 628 | 625 | 625 | 0 | 0 |
Repurchases of common stock | ||||||||||||||||||||
0 | 0 | 0 | 0 | 5,073 | 4,026 | 0 | 20,261 | 2,295 | 129 | 0 | 0 | 399 | 229 | 9,630 | 11,920 | 34,591 | 10,435 | 5,932 | 0 | 0 |
Payment of withholding tax for equity awards | ||||||||||||||||||||
5,800 | 100 | 100 | 200 | 2,600 | 79 | -80 | 2 | 7,199 | 2,469 | 2,093 | 107 | 331 | 2,190 | 0 | 0 | 0 | - | - | - | - |
Dividends paid to stockholders | ||||||||||||||||||||
12,804 | 12,860 | 12,848 | 11,424 | 11,395 | 11,403 | 11,411 | 10,005 | 10,035 | 10,028 | 10,023 | 8,586 | 8,579 | 8,571 | 8,571 | 8,609 | 8,694 | 8,782 | 0 | 0 | 0 |
Change in cash overdraft | ||||||||||||||||||||
- | - | - | - | - | - | 1,862 | -2,468 | -2,987 | - | 2,567 | 219 | -5,285 | 1,140 | -419 | -1,401 | -43 | 5,460 | -8,108 | 8,054 | -4,087 |
Net cash provided by financing activities | ||||||||||||||||||||
74,140 | 429,487 | -17,321 | -132,544 | 224,037 | -14,248 | -13,849 | -37,684 | -25,332 | -13,941 | -12,366 | 632,548 | -15,848 | -10,283 | -19,874 | -22,560 | -43,956 | -24,870 | -9,763 | 71,941 | -15,707 |
Increase (decrease) in cash and cash equivalents | ||||||||||||||||||||
116,623 | -20,577 | 43,565 | -85,276 | -76,554 | 27,212 | 33,379 | 18,029 | 23,741 | 43,051 | 28,908 | -83,674 | 35,427 | 14,339 | 20,960 | -3,476 | -12,982 | -25,307 | 39,041 | 96,401 | 2,654 |
Supplemental cash flow disclosures: | ||||||||||||||||||||
Cash paid for interest, net of capitalized interest | ||||||||||||||||||||
17,152 | 18,167 | 15,053 | 25,266 | 9,421 | 20,841 | 7,647 | 20,852 | 7,072 | 22,890 | 6,406 | 13,288 | 743 | 13,847 | 533 | 13,602 | 646 | 13,454 | 584 | 0 | 0 |
Cash paid for income taxes, net of refunds received | ||||||||||||||||||||
-930 | -7,408 | 822 | 3,060 | -59 | -555 | 1,073 | 1,258 | 35 | 2,225 | 15,450 | 41,905 | 42 | 21,635 | 18,757 | 28,991 | 3,624 | 25,557 | 1,603 | 1,629 | 1,181 |
Non-cash investing and financing activity: | ||||||||||||||||||||
Equipment financed with capital lease | ||||||||||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0 | 0 | 0 | 301 |