Perdoceo education corp (CECO)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

29,106

27,516

18,234

-559

24,791

14,071

14,857

8,751

17,502

-44,382

3,022

4,286

5,177

-32,876

-686

11,839

3,011

142,724

-45,235

-20,723

-24,881

-25,488

-47,968

-46,564

-58,143

-30,606

-87,064

-31,390

-15,203

-61,492

-33,146

-100,234

52,076

-120,449

10,634

55,353

73,035

12,102

26,131

64,318

55,222

30,680

20,792

6,490

23,257

Adjustments to reconcile net income to net cash provided by operating activities:
Asset impairment

600

-

-

-

-

-

-

-

-

-

-

-

-

927

0

0

237

9,678

33,446

11,372

6,019

14,203

14,485

7,454

67

6,983

11,585

3,966

157

41,346

0

85,578

83

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization expense

2,639

2,393

2,284

2,235

2,233

2,345

2,364

2,103

2,582

2,622

3,582

3,876

3,910

5,761

5,215

5,202

6,569

5,077

5,962

7,187

6,712

12,489

13,141

14,394

15,431

16,531

18,384

18,940

19,295

21,258

20,429

20,020

20,106

22,048

22,446

20,507

20,366

19,811

17,843

17,217

16,753

17,558

16,343

16,893

16,802

Bad debt expense

12,862

11,426

8,887

11,432

11,709

10,361

7,900

6,697

6,982

5,920

6,404

6,888

8,224

8,684

8,432

5,217

9,552

6,454

6,388

4,863

4,275

-4,266

6,698

6,557

5,852

6,864

7,986

7,340

6,702

11,055

11,188

8,389

9,390

14,812

14,075

9,683

17,151

28,950

31,805

19,352

26,217

17,791

14,085

14,899

9,943

Compensation expense related to share-based awards

3,212

5,352

1,516

1,037

1,369

1,471

1,445

1,197

1,501

1,354

1,290

1,215

1,111

986

860

847

544

404

983

530

940

966

950

1,020

1,341

1,580

1,713

1,631

1,775

2,385

1,567

2,955

2,780

2,947

3,396

4,288

4,200

2,928

4,356

5,039

4,995

4,203

2,293

6,863

3,157

Loss on sale of businesses, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

130,177

-39

-222

-6,712

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposition of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-673

13

0

-3

0

0

-6

-26

-15

0

-9

-94

-8

-6

-255

-32

-83

17

-24

1,801

89

-1,020

811

-337

-95

-110

-791

-295

Deferred income taxes

-9,468

-5,291

-7,052

-2,435

-6,778

-6,689

-4,533

-2,937

-3,704

-53,943

-1,538

-4,952

-3,792

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities

9,131

-

-

-

33,935

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Changes in operating assets and liabilities

-

-

-

-

-

-

-

18,027

21,175

-

10,697

16,410

61,267

-

11,297

6,108

30,105

-

-3,346

10,565

13,244

-

7,166

29,043

-6

-

-36,490

53,496

33,729

-

-14,943

17,738

67,115

-

-44,131

144,025

-53,295

-

-88,141

110,718

50,056

-

-109,569

42,931

4,755

Net cash provided by operating activities

48,768

-12,306

31,977

40,469

12,945

38,692

3,541

3,658

11,096

7,318

5,139

4,807

-39,053

-9,789

9,697

16,759

-10,192

-242

5,592

-6,419

-20,176

-17,479

-19,860

-45,865

-35,420

-7,962

-10,867

-52,778

-14,197

-49,292

15,917

-775

17,352

21,033

94,665

55,096

59,656

54,744

169,650

-5,603

53,468

70,855

165,692

3,005

48,699

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of available-for-sale investments

111,753

31,211

121,490

157,966

138,700

119,058

89,683

50,244

50,799

54,193

56,962

105,096

39,992

22,835

44,066

57,685

36,004

29,304

30,349

18,448

15,259

25,938

9,897

91,780

29,810

0

6,272

21,030

13,540

29,897

8,990

67,898

40,300

40,024

39,072

49,228

60,934

62,093

57,202

54,941

117,628

152,869

200,405

38,136

225,622

Sales of available-for-sale investments

52,893

80,303

116,279

130,681

135,062

83,469

85,416

56,882

49,257

51,588

29,860

125,164

44,316

27,112

41,388

30,141

28,189

30,737

33,385

21,297

14,754

13,380

22,814

14,406

14,320

20,585

18,000

21,020

13,465

99,591

38,685

67,750

40,438

39,388

39,040

49,120

60,774

61,410

60,575

98,678

111,782

165,898

123,429

229,945

149,009

Purchases of property and equipment

1,015

1,954

1,812

929

479

2,780

1,215

1,377

1,360

2,906

1,280

1,411

735

777

1,382

1,094

876

3,769

2,932

1,625

3,369

2,598

3,527

3,563

3,468

3,034

6,597

5,928

4,077

8,448

9,506

7,687

12,303

10,889

19,558

24,094

23,792

45,339

38,788

23,399

19,757

23,758

20,193

15,238

14,898

Proceeds on the sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-6,259

-

-

-

-

-

-

-

-

Payments of cash upon sale of businesses, net of cash divested

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

62

-

-

-

-

-

-

-

-

0

0

578

1,947

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business acquisition

38,065

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

48

-22

-10

1

-174

1,413

108

12

80

6

39

-85

-7

-86

-304

309

-238

48

56

266

Net cash used in investing activities

-97,940

47,044

-7,023

-28,205

-4,117

-38,369

-5,482

5,261

-2,902

-5,511

-28,382

18,657

3,589

3,500

-3,860

-25,238

-8,753

-3,592

269

-794

-3,874

-16,731

9,264

-81,198

-18,958

174,319

5,153

-6,506

-6,100

62,793

18,555

-10,816

-12,177

-4,786

-11,087

-28,515

-21,843

-33,286

-39,601

10,373

-30,294

-11,822

-122,217

176,515

-91,777

CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of common stock

413

448

1,146

71

109

74

438

295

875

174

89

2,321

138

192

303

131

147

319

143

765

174

779

183

196

196

206

227

261

304

337

379

406

477

543

802

1,733

1,292

656

735

835

883

631

1,108

538

520

Purchase of treasury stock

17,309

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

56,431

13,412

7,154

39,964

89,915

0

0

65,276

89,637

19,993

40,796

100,146

40,184

Tax benefit associated with stock option exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

55

163

159

7

21

131

64

43

171

2

21

Payments of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2,263

3,555

3,766

4,080

4,274

4,235

4,123

4,272

4,075

4,382

-

-

-

-

Payments on borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

38,000

0

0

0

10,000

-

-

-

-

0

0

0

80,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of employee tax associated with stock compensation

687

48

130

30

2,532

32

95

237

2,981

17

69

173

928

13

30

102

418

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-250

500

9,000

-9,700

-1,310

1,020

-384

0

-598

-558

86,470

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-136

-74

-103

-100

-94

-547

-134

-111

-103

-641

1,072

-1,635

-1,199

749

-2,280

2,463

-1,390

141

Net cash used in financing activities

-17,583

-3,475

1,016

41

-2,423

42

343

58

-2,106

157

20

2,148

-790

179

273

29

-38,271

28,628

-107

1,265

-826

1,079

-1,127

1,216

-188

207

-371

-433

6,700

-17,644

279

-2,269

-60,056

-16,770

-18,997

-38,171

-89,105

-15,117

-879

-68,290

-89,439

-21,599

-39,552

-98,216

-39,784

EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS:

-

-

-

-

-

-

-

-

-

-130

15

18

15

-42

-114

217

-253

68

-80

-30

288

35

43

68

10

-10,362

2,899

1,813

-3,194

1,937

-1,235

-6,216

3,677

-7,986

-4,301

1,150

1,071

-374

4,018

-2,103

-2,857

-473

329

3,434

-2,875

NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH

-66,755

31,276

25,970

12,305

6,405

365

-1,598

8,977

6,088

1,834

-23,208

25,630

-36,239

-6,152

5,996

-8,233

-57,469

24,862

5,674

-5,978

-24,588

-33,096

-11,680

-125,779

-54,556

156,202

-3,186

-57,904

-16,791

-2,206

33,516

-20,076

-51,204

-8,509

60,280

-10,440

-50,221

5,967

133,188

-65,623

-69,122

36,961

4,252

84,738

-85,737