CDK Global, Inc. CDK Cash Flow

Cdk global, inc. (CDK)

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
Cash Flows from Operating Activities
Net earnings
14,700	56,900	123,700	131,900	386,500	382,600	397,900	388,700	348,000	329,000	306,400	302,500	301,800	278,700	264,800	246,800	229,300	231,800	206,500	186,300	198,300	215,600	223,400	235,900	0	0	0
Less: net earnings (loss) from discontinued operations
-231,200	-183,900	-119,900	-109,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net earnings from continuing operations
245,900	240,800	243,600	241,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile net earnings from continuing operations to cash flows provided by operating activities, continuing operations:
Depreciation and amortization
97,300	96,400	95,500	89,800	77,300	73,300	69,100	70,800	70,000	68,000	65,800	63,400	70,400	69,700	67,100	64,000	65,000	61,800	76,600	76,500	69,800	62,200	49,700	52,300	0	0	0
Deferred income taxes
-10,700	5,500	-12,900	-5,100	19,200	6,300	-4,600	-10,100	11,800	3,800	16,300	20,900	-11,100	-17,600	-14,600	-3,600	-15,500	-8,600	-11,800	-25,300	-3,400	-7,600	-7,900	-15,500	0	0	0
Stock-based compensation expense
29,300	35,800	30,400	30,500	19,500	18,600	28,300	33,400	48,300	53,200	51,000	52,700	43,200	44,100	40,400	36,400	33,900	29,800	30,800	30,400	28,000	24,600	22,500	21,000	0	0	0
Pension expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	800	1,600	2,800	3,500	3,700	0	0	0
Other
-19,900	-18,900	-16,100	-11,100	-9,100	-7,500	-4,500	-4,600	-4,100	-3,400	-4,600	-4,600	-2,100	-1,800	-800	5,600	11,200	11,700	13,100	12,600	2,300	7,900	5,600	3,500	0	0	0
Changes in assets and liabilities, net of effect from acquisitions of businesses:
Change in accounts receivable
47,400	37,000	39,900	20,100	20,900	-8,600	-2,900	10,600	-17,100	36,600	600	5,600	28,700	-10,600	42,200	57,000	32,400	59,000	37,800	16,900	56,000	39,400	28,000	36,400	0	0	0
Change in other assets
40,900	57,900	68,000	49,200	22,900	-32,500	-8,500	-14,000	-16,100	-2,300	-11,300	-1,500	-22,500	-37,000	-34,400	-3,000	29,200	47,900	39,400	24,300	31,800	29,900	22,100	24,400	0	0	0
Change in accounts payable
14,700	1,200	-3,500	-1,600	15,200	14,600	10,700	10,500	-9,900	-4,600	6,300	5,100	5,400	11,800	12,200	15,300	9,600	-4,100	2,600	3,000	7,500	4,500	1,900	300	0	0	0
Change in accrued expenses and other liabilities
72,800	94,700	81,700	105,100	-35,900	-53,500	-54,200	-49,800	-15,600	-10,300	10,200	-14,800	-5,200	31,600	38,800	20,800	65,100	-3,200	37,800	50,000	51,800	38,800	21,500	12,500	0	0	0
Net cash flows provided by operating activities, discontinued operations
56,600	42,700	36,000	44,600	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows provided by operating activities
455,600	462,500	407,500	483,100	458,800	514,400	0	466,400	495,300	413,600	476,700	435,700	400,400	467,700	401,700	320,100	314,600	188,700	252,200	267,900	263,500	263,700	258,900	245,900	0	0	0
Cash Flows from Investing Activities
Capital expenditures
34,600	39,600	48,700	54,400	48,200	44,600	44,400	45,900	52,300	61,100	55,900	62,400	62,800	62,400	59,500	50,800	51,800	47,600	46,300	44,000	33,400	25,700	30,400	36,600	0	0	0
Capitalized software
55,100	47,600	40,500	37,900	29,600	29,800	28,900	30,800	32,500	35,800	35,600	28,100	26,800	21,400	14,500	13,500	22,000	20,000	19,900	19,900	0	0	0	-	-	-	-
Additions to intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Acquisitions of businesses, net of cash acquired
0	-200	-200	513,000	513,000	513,200	526,000	12,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	25,700	0	0	0
Investment in certificates of deposit
0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Purchases of investments
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from investments
-	-	-	-	-	-	-	-800	-11,100	-11,100	-9,100	-7,900	-14,400	-13,400	-7,700	-9,700	-7,900	-8,900	-16,600	-16,600	0	0	0	-	-	-	-
Net cash flows used in investing activities, discontinued operations
-8,100	-8,800	-8,800	-8,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from notes receivable from ADP and its affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40,600	38,900	38,900	36,400	-4,200	0	0	0
Net cash flows used in investing activities
-124,800	-106,800	0	-623,200	-624,400	-619,900	0	-113,500	-96,600	-110,200	-90,100	-87,900	-88,500	-98,200	-82,600	-81,600	-93,600	-85,000	-90,400	-40,800	-18,600	7,200	-56,700	-74,000	0	0	0
Cash Flows from Financing Activities
Repayments of notes payable to ADP and its affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,900	21,900	23,500	24,000	2,100	0	0	0
Borrowings on notes payable to ADP and its affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	0	0	0
Net transactions of parent company investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-240,800	-289,200	-278,200	-317,100	-36,300	0	0	0
Proceeds from long-term debt
110,000	160,000	240,000	1,100,000	1,590,000	1,530,000	1,360,000	500,000	0	0	0	-	-	-	-	-	-	-	-	1,750,000	1,750,000	1,750,000	1,000,000	0	0	0	0
Repayments of long-term debt and lease liabilities
270,600	270,000	19,400	806,500	813,300	820,100	827,100	46,400	46,500	46,600	41,900	36,900	31,900	26,800	23,300	20,000	16,600	13,100	762,800	759,500	0	0	0	-	-	-	-
Dividend paid to ADP at spin-off
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	825,000	825,000	825,000	825,000	0	0	0	0
Dividends paid to stockholders
72,900	73,300	73,700	74,800	76,300	77,900	79,700	80,100	80,100	80,300	80,200	80,700	81,400	82,100	83,300	82,300	81,300	79,600	77,400	58,200	0	0	0	-	-	-	-
Repurchases of common stock
79,800	150,000	410,000	524,100	629,600	682,300	723,100	623,600	788,300	665,400	714,600	700,000	650,000	650,000	550,000	561,000	278,800	311,000	61,000	50,000	0	0	0	-	-	-	-
Proceeds from exercises of stock options
8,100	8,400	6,700	5,000	3,700	6,600	7,300	8,900	10,800	13,400	16,200	14,700	13,500	8,900	6,300	6,700	8,200	9,600	11,300	9,800	0	0	0	-	-	-	-
Excess tax benefit from stock-based compensation awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,900	8,900	11,400	13,200	11,200	0	0	0	-	-	-	-
Withholding tax payments for stock-based compensation awards
5,700	6,200	6,100	15,800	16,100	16,300	17,000	10,600	10,500	11,300	10,400	12,200	12,100	10,700	10,600	8,700	8,600	9,400	9,300	900	0	0	0	-	-	-	-
Dividend payments to noncontrolling owners
8,700	8,700	10,300	10,300	8,200	15,600	11,800	7,400	10,700	3,300	3,300	6,300	8,000	8,000	8,000	5,000	0	0	0	5,400	0	0	0	-	-	-	-
Acquisition-related payments
0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Payment of Financing and Stock Issuance Costs
7,300	7,300	7,300	11,700	11,900	11,900	11,900	7,900	8,900	9,000	11,000	10,600	0	0	0	-	-	-	-	9,200	0	0	0	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Recovery of dividends paid (Note 1D)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	400	400	400	400	0	0	0	0	-	-	-	-
Net cash flows used in financing activities
-337,200	-360,500	-293,400	-349,000	30,300	-92,900	-307,600	-271,200	-338,100	-206,300	150,600	159,900	-381,200	-381,700	-429,000	-419,300	-122,600	-143,500	-142,000	-199,900	-222,300	-170,500	-147,400	-48,300	0	0	0
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
-15,200	900	-10,800	-6,900	-21,300	-15,600	-9,000	1,400	24,600	22,900	10,500	4,000	-9,600	-7,700	-4,100	-8,300	-2,800	-14,900	-15,500	-21,800	-14,100	-13,800	-8,500	2,900	0	0	0
Net change in cash, cash equivalents, and restricted cash
-21,600	-3,900	2,100	-496,000	-156,600	-214,000	-474,500	83,100	85,200	120,000	547,700	511,700	-78,900	-19,900	-114,000	-189,100	95,600	-54,700	4,300	5,400	8,500	86,600	46,300	126,500	0	0	0
Supplemental Disclosures
Cash paid for:
Income taxes and foreign withholding taxes, net of refunds, continuing operations
72,700	86,500	126,000	124,200	144,500	116,300	120,300	118,900	105,700	122,400	120,300	120,300	106,400	91,400	80,700	109,400	150,000	196,500	154,900	120,800	72,200	19,100	18,900	18,100	0	0	0
Interest
144,500	135,800	138,600	130,000	113,200	109,500	93,100	92,800	76,400	75,400	53,700	49,600	44,200	40,700	39,200	37,800	36,500	35,000	19,100	19,200	2,100	1,300	1,000	100	0	0	0
Non-cash investing and financing activities:
Capitalized property and equipment obtained under lease
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease liabilities incurred
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible assets purchased, not paid
-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash settlement of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-