Perdoceo education corp (CECO)
CashFlow / TTM
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

74,297

69,982

56,537

53,160

62,470

55,181

-3,272

-15,107

-19,572

-31,897

-20,391

-24,099

-16,546

-18,712

156,888

112,339

79,777

51,885

-116,327

-119,060

-144,901

-178,163

-183,281

-222,377

-207,203

-164,263

-195,149

-141,231

-210,075

-142,796

-201,753

-157,973

-2,386

18,573

151,124

166,621

175,586

157,773

176,351

171,012

113,184

81,219

0

0

0

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

0

-

-

-

-

-

-

-

-

-

-

-

-

1,164

9,915

43,361

54,733

60,515

65,040

46,079

42,161

36,209

28,989

26,089

22,601

22,691

57,054

45,469

127,081

127,007

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization expense

9,551

9,145

9,097

9,177

9,045

9,394

9,671

10,889

12,662

13,990

17,129

18,762

20,088

22,747

22,063

22,810

24,795

24,938

32,350

39,529

46,736

55,455

59,497

64,740

69,286

73,150

77,877

79,922

81,002

81,813

82,603

84,620

85,107

85,367

83,130

78,527

75,237

71,624

69,371

67,871

67,547

67,596

0

0

0

Bad debt expense

44,607

43,454

42,389

41,402

36,667

31,940

27,499

26,003

26,194

27,436

30,200

32,228

30,557

31,885

29,655

27,611

27,257

21,980

11,260

11,570

13,264

14,841

25,971

27,259

28,042

28,892

33,083

36,285

37,334

40,022

43,779

46,666

47,960

55,721

69,859

87,589

97,258

106,324

95,165

77,445

72,992

56,718

0

0

0

Compensation expense related to share-based awards

11,117

9,274

5,393

5,322

5,482

5,614

5,497

5,342

5,360

4,970

4,602

4,172

3,804

3,237

2,655

2,778

2,461

2,857

3,419

3,386

3,876

4,277

4,891

5,654

6,265

6,699

7,504

7,358

8,682

9,687

10,249

12,078

13,411

14,831

14,812

15,772

16,523

17,318

18,593

16,530

18,354

16,516

0

0

0

Loss on sale of businesses, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

123,204

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposition of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-663

10

-3

-9

-32

-47

-47

-50

-118

-111

-117

-363

-301

-376

-353

-122

1,711

1,883

846

1,681

-457

-641

269

-1,333

-1,291

0

0

0

Deferred income taxes

-24,246

-21,556

-22,954

-20,435

-20,937

-17,863

-65,117

-62,122

-64,137

-64,225

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Net cash provided by operating activities

108,908

73,085

124,083

95,647

58,836

56,987

25,613

27,211

28,360

-21,789

-38,896

-34,338

-22,386

6,475

16,022

11,917

-11,261

-21,245

-38,482

-63,934

-103,380

-118,624

-109,107

-100,114

-107,027

-85,804

-127,134

-100,350

-48,347

-16,798

53,527

132,275

188,146

230,450

264,161

339,146

278,447

272,259

288,370

284,412

293,020

288,251

0

0

0

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

422,420

449,367

537,214

505,407

397,685

309,784

244,919

212,198

267,050

256,243

224,885

211,989

164,578

160,590

167,059

153,342

114,105

93,360

89,994

69,542

142,874

157,425

131,487

127,862

57,112

40,842

70,739

73,457

120,325

147,085

157,212

187,294

168,624

189,258

211,327

229,457

235,170

291,864

382,640

525,843

509,038

617,032

0

0

0

Sales of available-for-sale investments

380,156

462,325

465,491

434,628

360,829

275,024

243,143

187,587

255,869

250,928

226,452

237,980

142,957

126,830

130,455

122,452

113,608

100,173

82,816

72,245

65,354

64,920

72,125

67,311

73,925

73,070

152,076

172,761

219,491

246,464

186,261

186,616

167,986

188,322

210,344

231,879

281,437

332,445

436,933

499,787

631,054

668,281

0

0

0

Purchases of property and equipment

5,710

5,174

6,000

5,403

5,851

6,732

6,858

6,923

6,957

6,332

4,203

4,305

3,988

4,129

7,121

8,671

9,202

11,695

10,524

11,119

13,057

13,156

13,592

16,662

19,027

19,636

25,050

27,959

29,718

37,944

40,385

50,437

66,844

78,333

112,783

132,013

131,318

127,283

105,702

87,107

78,946

74,087

0

0

0

Proceeds on the sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,259

0

0

0

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

62

0

0

0

-

-

-

-

-

-

-

-

2,525

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business acquisition

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17

-205

1,230

1,348

1,359

1,613

206

137

40

-47

-139

-482

-88

-319

-185

175

132

0

0

0

Net cash used in investing activities

-86,124

7,699

-77,714

-76,173

-42,707

-41,492

-8,634

-31,534

-18,138

-11,647

-2,636

21,886

-22,009

-34,351

-41,443

-37,314

-12,870

-7,991

-21,130

-12,135

-92,539

-107,623

83,427

79,316

154,008

166,866

55,340

68,742

64,432

58,355

-9,224

-38,866

-56,565

-66,231

-94,731

-123,245

-84,357

-92,808

-71,344

-153,960

12,182

-49,301

0

0

0

CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of common stock

2,078

1,774

1,400

692

916

1,682

1,782

1,433

3,459

2,722

2,740

2,954

764

773

900

740

1,374

1,401

1,861

1,901

1,332

1,354

781

825

890

998

1,129

1,281

1,426

1,599

1,805

2,228

3,555

4,370

4,483

4,416

3,518

3,109

3,084

3,457

3,160

2,797

0

0

0

Purchase of treasury stock

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

56,431

69,843

76,997

116,961

150,445

137,033

129,879

155,191

154,913

174,906

215,702

250,572

201,119

0

0

0

Tax benefit associated with stock option exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

376

384

350

318

223

259

409

280

237

0

0

0

Payments of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,818

9,584

13,664

15,675

16,355

16,712

16,904

16,705

16,852

0

0

0

-

-

-

-

Payments on borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

38,000

38,000

38,000

38,000

10,000

0

0

0

-

-

-

-

80,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of employee tax associated with stock compensation

895

2,740

2,724

2,689

2,896

3,345

3,330

3,304

3,240

1,187

1,183

1,144

1,073

563

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-450

-1,510

-990

-10,374

-674

38

-1,540

85,314

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-210

-313

-413

-371

-844

-875

-886

-895

-989

217

-1,307

-2,403

-1,013

-4,365

-267

-458

-1,066

0

0

0

Net cash used in financing activities

-20,001

-4,841

-1,324

-1,997

-1,980

-1,663

-1,548

-1,871

219

1,535

1,557

1,810

-309

-37,790

-9,341

-9,721

-8,485

28,960

1,411

391

342

980

108

864

-785

6,103

-11,748

-11,098

-12,934

-79,690

-78,816

-98,092

-133,994

-163,043

-161,390

-143,272

-173,391

-173,725

-180,207

-218,880

-248,806

-199,151

0

0

0

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

-

-

-

-

-

-

-

-

-

-82

6

-123

76

-192

-82

-48

-295

246

213

336

434

156

-10,241

-7,385

-5,640

-8,844

3,455

-679

-8,708

-1,837

-11,760

-14,826

-7,460

-10,066

-2,454

5,865

2,612

-1,316

-1,415

-5,104

433

415

0

0

0

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

2,796

75,956

45,045

17,477

14,149

13,832

15,301

-6,309

10,344

-31,983

-39,969

-10,765

-44,628

-65,858

-34,844

-35,166

-32,911

-30

-57,988

-75,342

-195,143

-225,111

-35,813

-27,319

40,556

78,321

-80,087

-43,385

-5,557

-39,970

-46,273

-19,509

-9,873

-8,890

5,586

78,494

23,311

4,410

35,404

-93,532

56,829

40,214

0

0

0