CACI International Inc CACI Cash Flow

Caci international inc (CACI)

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
CASH FLOWS FROM OPERATING ACTIVITIES
Net income
80,577	79,195	67,977	50,030	68,145	68,596	78,833	51,831	64,499	142,795	42,046	44,231	40,357	42,420	36,663	43,599	34,116	30,452	34,632	41,346	29,057	24,636	31,257	36,608	31,009	34,910	33,392	38,219	38,487	39,980	35,990	43,687	41,131	41,280	42,113	46,114	36,714	33,499	28,825	30,294	26,779	26,104	24,081
Reconciliation of net income to net cash provided by operating activities:
Depreciation and amortization
27,159	27,967	26,762	27,080	21,198	18,852	18,747	18,633	17,717	18,258	17,588	17,862	17,703	18,132	18,063	18,639	16,632	14,670	14,811	15,985	16,067	16,795	17,236	18,083	17,917	16,230	12,951	13,744	13,767	13,328	13,239	14,068	13,768	14,598	13,528	14,148	14,777	14,060	13,082	14,133	14,205	13,546	11,155
Non-cash interest expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,476	3,409	3,360	-	3,248	3,185	3,140	-7,624	3,036	2,976	2,934	2,876	2,837	2,780	2,742	2,688	2,651	2,597	2,563
Amortization of deferred financing costs
586	587	589	610	640	577	579	750	1,099	1,104	1,108	1,113	1,119	1,124	1,128	1,133	949	575	577	577	684	687	691	762	1,049	620	509	530	531	518	494	494	495	439	809	511	512	1,022	740	537	537	537	745
Non-cash lease expense
18,643	18,025	17,825	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of assets
-	-	-	-	-	-	-	-	-	-	-	-50	0	-248	-727	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation expense
7,705	7,461	7,038	6,921	6,304	6,349	5,698	5,445	5,794	6,038	6,351	5,831	5,557	5,660	4,897	4,590	4,856	4,835	3,638	4,021	3,857	3,574	2,620	2,667	3,105	3,301	2,484	2,438	493	3,501	2,400	4,404	3,852	4,031	3,212	4,806	4,696	3,507	4,906	12,800	5,205	6,074	6,671
Deferred income taxes
25,423	8,619	5,485	184	-10,316	-963	10,086	-7,919	13,807	-93,950	10,738	8,375	1,692	-6,765	11,846	-644	2,167	4,160	7,885	1,340	10,327	6,216	9,139	-1,861	2,463	-1,286	16,243	14,751	6,485	5,326	4,540	-7,456	3,947	5,607	8,555	-218	721	4,115	2,969	-2,627	-3,972	1,071	825
Equity in earnings of unconsolidated ventures
-	-	-	-	-	-	-	-	-	-	-	0	64	0	103	-25	131	147	-49	264	203	328	79	236	473	503	444	546	755	893	426	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities, net of effect of business acquisitions:
Accounts receivable, net
15,025	-29,869	-21,589	-10,759	-222,172	71,838	64,339	-10,835	60,777	-37,394	30,027	16,202	8,720	-7,788	-63,292	42,289	-6,968	12,974	-48,190	-3,115	-23,217	54,560	-47,117	-29,310	-67,878	-7,400	13,578	-13,233	20,082	12,654	-51,768	-39,201	3,888	57,260	11,972	-1,163	7,329	2,533	14,925	7,554	-9,373	38,145	12,965
Undistributed earnings of unconsolidated joint venture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-264	-	-434	-439	-314	-	-	-	-
Prepaid expenses and other assets
6,540	2,932	25,989	-7,912	10,545	-9,939	12,678	-6,437	1,809	-528	14,302	1,326	5,544	-14,661	13,012	-1,365	2,603	-3,699	10,869	-3,548	6,235	347	-977	-5,975	4,137	-2,303	8,807	-13,776	5,139	623	14,126	1,667	8,012	-1,228	2,613	3,077	6,352	-1,230	10,192	111	7,435	-2,887	6,969
Accounts payable and other accrued expenses
19,517	4,644	3,477	-30,781	-8,534	38,670	71,337	-67,408	53,315	-52,499	67,689	-15,119	27,167	-17,231	-41,642	6,447	-15,890	21,815	-9,945	-61,970	23,943	14,557	1,986	-48,359	-21,725	-42,795	-7,118	21,122	-78	-5,444	-21,350	6,308	-12,290	31,035	16,826	-14,009	9,266	19,689	-23,340	30,238	-6,765	11,975	14,462
Accrued compensation and benefits
-6,051	2,796	-1,267	26,923	8,580	-10,353	-16,763	25,591	-921	1,570	-12,696	19,061	8,326	-3,921	-11,418	14,419	6,899	-10,049	-6,949	9,420	3,301	-8,877	-1,068	2,845	-1,445	-8,293	-13,523	-257	4,243	-3,098	-24,632	12,040	12,226	3,890	-28,153	11,885	19,822	8,817	-22,247	4,535	9,502	5,960	-10,574
Income taxes payable and receivable
20,999	25,847	-4,463	-3,064	-8,836	5,563	5,218	-6,662	-3,224	-8,441	12,237	5,872	3,691	-14,030	14,421	-15,760	-1,876	1,983	785	-25,555	7,220	21,984	-3,666	-12,026	-4,056	4,855	-310	9,029	-5,781	23,455	-9,515	-10,717	-304	21,831	-11,740	-17,669	495	25,485	-16,901	-5,533	-2,712	-8,816	13,773
Operating lease liabilities
-18,251	-20,539	-17,450	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term liabilities
8,056	3,976	-7,295	-141	6,821	2,168	-3,176	18,863	2,788	2,722	3,435	7,720	-1,229	1,427	1,757	-212	-2,103	1,284	-1,931	-2,168	337	1,175	-1,810	-677	-1,448	2,717	1,524	-1,471	2,916	1,547	10,720	4,976	4,086	3,598	-568	-	-	-	-	-	-	-	-
Other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,400	525	8,583	-	3,006	16,654	-7,148
Net cash provided by operating activities
120,800	133,821	103,204	102,456	313,301	56,434	83,106	70,630	98,736	72,401	79,693	64,772	81,128	77,573	57,777	53,201	53,736	56,337	79,303	36,454	97,132	-18,456	111,732	57,168	101,725	17,274	27,303	101,317	51,979	24,763	71,272	126,425	59,457	29,194	56,147	85,504	77,135	60,787	7,730	86,397	55,798	16,234	50,915
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures
13,296	18,499	22,536	18,357	11,732	8,445	9,368	9,784	9,797	14,501	7,512	8,327	13,115	10,591	11,235	7,603	5,590	3,163	4,479	4,316	5,798	3,969	3,361	3,643	4,493	4,123	3,020	2,680	2,727	4,146	5,886	5,490	5,656	4,042	3,096	5,218	3,403	2,459	3,308	1,984	4,408	6,870	9,241
Cash paid for business acquisitions, net of cash acquired
381	100,705	1,351	11,786	979,872	1,195	89,956	26,542	4,803	45,159	406	1,490	181	2,684	2,921	0	572,243	12,811	2,767	-	-	-	-	-	-	-	-	1,601	5,358	57,076	42,986	6,180	7,935	67,043	104,768	68	3,234	126,000	387	-116	26,055	61,065	939
Proceeds from net working capital and other refunds of acquired business
-	-	-	-	-	-	-	-	-	-	-	5,668	0	0	13,619	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from equity method investments
-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,681	-	-	-	-	-151	82	-87	547	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net investments in unconsolidated joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,700	-1	-700	4,965	-	-	-348	348
Other
-	-	-	-854	1	-2,285	409	-269	-145	-3,267	-217	-175	-546	-570	-481	-918	-835	-81	765	164	-157	-58	-578	-144	127	-52	945	1,461	1,646	671	341	-970	363	442	323	-49	270	-860	-159	948	-1,148	-28	231
Net cash used in investing activities
-13,677	-119,204	-23,887	-29,289	-991,605	-7,355	-99,733	-36,057	-14,455	-56,393	-7,701	-3,974	-12,750	-12,705	4,625	-6,685	-576,998	-15,893	-8,011	-19,603	-5,559	-3,998	-2,236	-572	-7,363	-839,755	-3,965	-5,742	-9,148	-63,314	-49,213	-10,700	-13,954	-71,527	-108,187	-6,937	-6,906	-126,899	-8,501	-5,244	-29,315	-67,559	-10,759
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from borrowings under bank credit facilities
404,500	594,500	439,500	422,000	1,276,000	368,000	465,500	80,000	140,500	111,500	145,000	112,000	133,000	76,500	164,000	214,500	689,512	71,988	82,500	144,336	146,411	112,754	35,468	415,000	43,000	971,907	147,093	49,000	81,500	254,000	453,500	241,249	228,500	297,251	328,000	-	-	-	-	-	-	-	-
Principal payments made under bank credit facilities
491,230	596,230	506,230	513,730	572,730	409,730	432,230	99,500	209,491	129,992	208,491	162,491	212,983	116,500	222,491	244,992	185,991	71,741	157,241	152,001	234,390	157,891	105,859	450,781	183,000	140,500	128,500	140,875	103,375	228,875	317,375	276,875	255,375	240,375	204,875	151,875	1,875	200,052	128,601	743	743	743	51,371
Payment of contingent consideration
-	-	-	0	0	0	616	0	7,923	49	3,581	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from employee stock purchase plans
1,798	1,813	1,852	1,437	1,438	1,300	1,527	1,256	1,214	1,159	1,300	982	1,072	1,080	1,182	797	712	776	801	788	754	813	932	846	832	887	962	1,019	991	1,035	1,460	977	913	880	1,325	852	871	886	1,507	843	862	862	1,934
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,806	2,502	4,274	468	56	4,710	1,363	1,337	3,941	7,861	10,022	253	134	2,832	817	1,806
Repurchases of common stock
1,988	1,879	1,717	1,528	1,554	1,363	1,393	1,336	1,339	1,253	1,210	1,019	1,124	1,158	1,085	830	711	895	794	813	811	851	925	849	920	912	972	1,022	1,096	1,059	124,352	106,883	0	0	209,680	6,607	27,024	2,249	17,767	886	867	889	854
Payment of taxes for equity transactions
1,533	28,616	467	758	798	11,463	6,576	673	8,036	8,272	4,384	371	6,948	784	2,848	566	4,919	220	2,340	210	767	518	5,883	271	1,557	766	7,170	2,023	1,093	931	3,558	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6	6	447	4	-5,156	299	-391	2,991	-4,743	726	267	2,759	748	225	-550	430	5	106	-850	155	255	835	317	139	49	-614	544	14
Net cash provided by (used in) financing activities
-97,153	-30,412	-67,062	-94,370	700,970	-53,256	26,212	-23,168	-85,075	-26,907	-71,366	-50,899	-86,983	-40,862	-61,242	-31,097	489,319	355	-77,070	-15,335	-87,813	-46,084	-73,276	-40,799	-144,359	817,661	14,172	-87,347	-23,533	27,282	10,573	-148,611	-21,146	38,014	-83,738	-11,971	-19,341	2,911	-144,469	-603	1,470	591	-48,471
Effect of exchange rate changes on cash and cash equivalents
-1,459	1,258	-1,101	-575	412	-582	-292	-1,181	436	184	878	1,269	326	-1,024	-574	-1,150	-241	-801	-587	296	-1,082	-580	-689	295	193	268	878	-147	-551	187	219	-303	527	-218	-457	-127	789	-274	843	-754	-1,053	-1,259	-333
Net increase in cash and cash equivalents
8,511	-14,537	11,154	-21,778	23,078	-4,759	9,293	10,224	-358	-10,715	1,504	11,168	-18,279	22,982	586	14,269	-34,184	39,998	-6,365	1,812	2,678	-69,118	35,531	16,092	-49,804	-4,552	38,388	8,081	18,747	-11,082	32,851	-33,189	24,884	-4,537	-136,235	66,469	51,677	-63,475	-144,397	79,796	26,900	-51,993	-8,648
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
Cash paid during the period for income taxes, net of refunds
8,847	33,373	4,675	12,336	15,992	31,261	8,714	12,170	10,507	19,854	15,410	21,547	16,448	18,219	23,054	9,364	17,369	14,952	13,285	3,325	12,742	29,744	-743	11,674	11,180	28,107	1,307	16,697	11,231	41,143	7,502	24,021	21,252	42,360	7,361	8,537	19,154	40,735	-2,551	15,765	15,046	35,783	119
Cash paid during the period for interest
12,741	13,296	15,114	13,590	12,253	9,193	9,637	9,754	9,841	9,973	10,532	11,099	11,404	10,988	11,524	11,125	9,942	7,983	8,379	8,240	8,433	8,210	8,608	10,452	5,608	6,254	1,563	4,963	1,782	4,956	1,728	4,339	1,577	5,628	903	4,223	984	4,211	1,291	4,551	1,397	5,361	2,385
Non-cash financing and investing activities:
Accrued capital expenditures
-1,223	1,572	3,338	4,666	2,180	-2,168	3,545	-209	-2,498	52	3,264	333	-1,148	48	1,434	1,214	690	144	122	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Landlord-financed leasehold improvements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	496	567	2,965	982	299	268	1,782	504	270	681	8,913	6,951