Civitas solutions, inc. (CIVI)
CashFlow / Quarterly
Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13
Operating activities:
Net Income (Loss) Attributable to Parent

6,387

-1,605

9,585

-2,488

9,394

-10,688

7,361

5,479

4,179

2,660

4,816

7,315

-5,604

4,264

550

1,698

-3,440

-5,940

5

-12,190

-4,690

Adjustments to reconcile net income to net cash provided by operating activities:
Provision for accounts receivable allowances

6,928

6,588

5,593

6,235

4,770

6,734

4,879

4,813

4,248

3,950

3,371

2,826

4,637

5,482

4,021

3,258

4,294

7,905

4,568

4,079

3,840

Depreciation and amortization

22,375

-

23,741

25,971

21,797

-

19,161

18,830

18,155

-

18,638

18,343

18,004

-

17,982

18,523

17,276

-

7,292

7,003

6,636

Amortization original issue discount and financing costs

553

556

555

558

544

514

494

456

457

458

460

458

461

-

-

-

-

-

-

-

-

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,715

9,601

9,429

Amortization and write-off of original issue discount and initial purchasers discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

71

1,086

3,672

-

441

5,484

734

Amortization and write-off of financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

392

835

1,522

816

804

8,184

719

Stock-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

1,477

1,388

1,213

1,160

792

45

38

20

Stock-based compensation

2,068

-

1,976

2,165

1,651

-

2,223

2,294

2,079

-

1,766

1,715

11,719

-

-

-

-

-

-

-

-

Deferred income taxes

-3,520

-

-248

-2,801

-7,910

-

-803

-2,482

-4,920

-

1,621

1,271

-416

-

709

1,078

650

-8,884

-1,714

-1,430

-1,238

Loss on disposal of assets

-211

-

-471

-1,119

-94

-

-195

-30

-102

-

-304

-347

-71

-

-213

-144

-65

-

-458

13

-18

Gain from derivatives

0

85

85

77

82

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net change in fair value of contingent liabilities

-

-

-

-

-

0

-181

0

375

961

2,600

0

-3,156

258

165

152

0

-

-

-

-

Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable

-6,003

18,359

-3,902

19,955

-2,100

17,756

-4,496

23,221

-1,398

-2,200

17,610

10,022

-276

691

7,078

3,394

9,909

6,172

7,437

296

2,912

Other assets

1,274

-6,815

-5,959

-902

14,664

-2,406

917

-4,152

-5,045

1,313

-1,503

-91

8,987

-7,778

1,938

2,591

7,960

1,688

-528

-11,380

5,851

Accounts payable

-11,377

1,672

-51

-1,455

-150

4,504

5,553

-3,284

-4,165

2,921

5,221

3,729

-5,069

2,950

-59

1,382

-1,236

-3,210

6,190

932

-8,191

Accrued payroll and related costs

-16,233

15,050

-3,099

8,079

-15,799

4,486

3,623

2,419

-11,244

226

10,240

-643

-13,753

-767

11,737

-4,253

-8,881

3,274

14,368

3,371

-2,177

Other accrued liabilities

1,598

2,449

-7,843

2,948

2,772

-419

-2,216

2,562

2,078

-2,434

-1,421

151

8,732

-103

-4,107

-79

-3,781

265

10,452

-11,977

10,339

Other long-term liabilities

2,007

1,077

1,163

-4,387

4,313

-1,306

3,140

-4,332

-1,990

4,664

-2,817

-249

-298

2,571

2,833

-171

911

9,562

-4,210

-9,546

3,440

Net cash provided by operating activities

15,726

39,408

41,619

16,814

8,830

26,900

47,008

7,215

15,797

46,481

28,692

25,332

6,617

39,764

35,332

21,039

-5,657

17,249

42,284

14,267

10,116

Investing activities:
Acquisition of businesses, net of cash acquired

0

2,664

13,457

2,082

81,926

39,659

15,076

27,356

0

715

162

40,163

4,156

0

6,796

19,424

12,518

38,521

3,350

10,588

1,240

Purchases of property and equipment

14,200

15,396

12,695

11,763

11,187

13,668

12,186

9,468

11,327

11,701

12,636

9,897

9,122

12,483

10,599

10,825

8,886

11,024

9,913

8,335

6,023

Changes in restricted cash

-

-

-

-

-

32

-744

-62

55

176

136

-70

55

-749

-118

-805

477

-19

16

672

468

Proceeds from sale of assets

740

-

297

836

1,733

-

182

171

811

-

320

639

260

-

362

523

183

-

107

397

390

Net Cash Provided by (Used in) Investing Activities

-13,460

-17,742

-27,057

-13,010

-91,380

-43,443

-35,787

-35,853

-10,571

-12,388

-12,614

-49,351

-13,073

-11,470

-16,915

-28,921

-21,698

-49,213

-13,172

-19,198

-7,341

Financing activities:
Proceeds from long term-debt, net of original issue discount

0

0

0

0

74,452

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of long-term debt

1,833

1,832

1,833

1,833

1,833

1,638

1,639

1,638

1,639

1,638

1,639

1,638

1,639

1,638

1,639

51,639

163,500

1,499

1,501

583,125

1,400

Proceeds from borrowings under senior revolver

27,400

152,000

497,400

-56,300

66,200

3,200

4,100

0

0

-

-

-

-

4,000

36,400

167,800

2,500

0

0

6,800

2,500

Repayments of borrowings under senior revolver

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of borrowings under senior revolver

27,400

-

-

-

61,200

-

-

-

-

-

-

-

-

-

36,400

167,800

2,500

-

0

6,800

2,500

Repayments of capital lease obligations

187

182

183

201

146

142

139

136

132

126

128

123

120

117

113

112

109

119

107

103

101

Cash paid for earn out obligations

480

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of deferred financing costs

0

0

0

0

258

0

878

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock under employee equity incentive plans

-

-

-

-

-

-

-

-

-

-

75

36

31

-

0

0

0

-

-

-

-

Tax windfall from stock-based compensation

-

-

-

-

-

-

-

-

-

68

0

-5

750

0

0

0

0

-

-

-

-

Taxes paid related to net share settlements of equity awards

1,073

44

20

25

1,064

890

0

23

413

960

7

13

62

1,514

0

0

0

-

-

-

-

Net cash provided by (used in) financing activities

-3,573

-13,498

-14,562

-4,702

76,151

-2,263

-2,299

-7,906

-2,184

-2,656

-3,957

-3,050

-1,040

-3,269

-1,752

2,699

-163,609

180,585

-1,631

4,262

-1,501

Net decrease in cash, cash equivalents, and restricted cash

-1,307

-

-

-

-6,399

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Reconciliation of cash, cash equivalents, and restricted cash to the condensed consolidated balance sheets
Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-18,806

8,922

-36,544

3,042

31,437

12,121

-27,069

-7,496

25,025

16,665

-5,183

-190,964

148,621

27,481

-669

1,274

Supplemental disclosure of cash flow information
Cash paid for interest

9,524

-

-

-

8,201

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

7,695

7,774

7,792

-

7,871

7,845

7,948

7,953

7,910

10,815

10,783

21,489

8,167

24,449

10,050

Cash paid for income taxes

3,578

1,192

312

946

11,019

3,945

5,822

5,999

1,672

648

625

5,589

5,779

362

487

898

113

239

327

-20

86

Supplemental disclosure of non-cash investing activities:
Supplemental disclosure of non-cash activities:
Accrued property and equipment

1,056

-

-

-

883

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value of contingent consideration related to acquisitions

0

-

0

0

1,080

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment acquired through capital leases

-

-

-

-

-

0

-506

13

493

-1,166

140

583

443

458

773

-228

451

320

174

13

459