Civitas solutions, inc. (CIVI)
CashFlow / TTM
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

11,879

14,886

5,803

3,579

11,546

6,331

19,679

17,134

18,970

9,187

10,791

6,525

908

3,072

-7,132

-7,677

-21,565

-22,815

0

0

0

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

25,344

23,186

23,332

22,618

21,196

20,674

17,890

16,382

14,395

14,784

16,316

16,966

17,398

17,055

19,478

20,025

20,846

20,392

0

0

0

Depreciation and amortization

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Amortization original issue discount and financing costs

2,222

2,213

2,171

2,110

2,008

1,921

1,865

1,831

1,833

1,837

0

0

0

-

-

-

-

-

-

-

-

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Amortization and write-off of financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,565

3,977

11,326

10,523

0

0

0

Stock-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

5,238

4,553

3,210

2,035

895

0

0

0

Stock-based compensation

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Deferred income taxes

0

-

0

0

0

-

0

0

0

-

0

0

-710

-

-6,447

-8,870

-11,378

-13,266

0

0

0

Loss on disposal of assets

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Gain from derivatives

247

329

244

159

82

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net change in fair value of contingent liabilities

-

-

-

-

-

194

1,155

3,936

3,936

405

-298

-2,733

-2,581

575

0

0

0

-

-

-

-

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

28,409

32,312

31,709

31,115

34,381

35,083

15,127

37,233

24,034

25,156

28,047

17,515

10,887

21,072

26,553

26,912

23,814

16,817

0

0

0

Other assets

-12,402

988

5,397

12,273

9,023

-10,686

-6,967

-9,387

-5,326

8,706

-385

3,056

5,738

4,711

14,177

11,711

-2,260

-4,369

0

0

0

Accounts payable

-11,211

16

2,848

8,452

6,623

2,608

1,025

693

7,706

6,802

6,831

1,551

-796

3,037

-3,123

3,126

2,676

-4,279

0

0

0

Accrued payroll and related costs

3,797

4,231

-6,333

389

-5,271

-716

-4,976

1,641

-1,421

-3,930

-4,923

-3,426

-7,036

-2,164

1,877

4,508

12,132

18,836

0

0

0

Other accrued liabilities

-848

326

-2,542

3,085

2,699

2,005

-10

785

-1,626

5,028

7,359

4,673

4,443

-8,070

-7,702

6,857

-5,041

9,079

0

0

0

Other long-term liabilities

-140

2,166

-217

1,760

1,815

-4,488

1,482

-4,475

-392

1,300

-793

4,857

4,935

6,144

13,135

6,092

-3,283

-754

0

0

0

Net cash provided by operating activities

113,567

106,671

94,163

99,552

89,953

96,920

116,501

98,185

116,302

107,122

100,405

107,045

102,752

90,478

67,963

74,915

68,143

83,916

0

0

0

Investing activities:
Acquisition of businesses, net of cash acquired

18,203

100,129

137,124

138,743

164,017

82,091

43,147

28,233

41,040

45,196

44,481

51,115

30,376

38,738

77,259

73,813

64,977

53,699

0

0

0

Purchases of property and equipment

54,054

51,041

49,313

48,804

46,509

46,649

44,682

45,132

45,561

43,356

44,138

42,101

43,029

42,793

41,334

40,648

38,158

35,295

0

0

0

Changes in restricted cash

-

-

-

-

-

-719

-575

305

297

297

-628

-882

-1,617

-1,195

-465

-331

1,146

1,137

0

0

0

Proceeds from sale of assets

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Net Cash Provided by (Used in) Investing Activities

-71,269

-149,189

-174,890

-183,620

-206,463

-125,654

-94,599

-71,426

-84,924

-87,426

-86,508

-90,809

-70,379

-79,004

-116,747

-113,004

-103,281

-88,924

0

0

0

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

0

74,452

74,452

74,452

74,452

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of long-term debt

7,331

7,331

7,137

6,943

6,748

6,554

6,554

6,554

6,554

6,554

6,554

6,554

56,555

218,416

218,277

218,139

749,625

587,525

0

0

0

Proceeds from borrowings under senior revolver

620,500

659,300

510,500

17,200

73,500

7,300

0

0

0

-

-

-

-

210,700

206,700

170,300

9,300

9,300

0

0

0

Repayments of borrowings under senior revolver

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of borrowings under senior revolver

0

-

-

-

0

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Repayments of capital lease obligations

753

712

672

628

563

549

533

522

509

497

488

473

462

451

453

447

438

430

0

0

0

Cash paid for earn out obligations

480

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of deferred financing costs

0

258

258

1,136

1,136

878

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock under employee equity incentive plans

-

-

-

-

-

-

-

-

-

-

0

0

31

-

0

0

0

-

-

-

-

Tax windfall from stock-based compensation

-

-

-

-

-

-

-

-

-

813

745

745

750

0

0

0

0

-

-

-

-

Taxes paid related to net share settlements of equity awards

1,162

1,153

1,999

1,979

1,977

1,326

1,396

1,403

1,393

1,042

1,596

1,589

1,576

1,514

0

0

0

-

-

-

-

Net cash provided by (used in) financing activities

-36,335

43,389

54,624

66,887

63,683

-14,652

-15,045

-16,703

-11,847

-10,703

-11,316

-9,111

-3,362

-165,931

17,923

18,044

19,607

181,715

0

0

0

Net decrease in cash, cash equivalents, and restricted cash

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-43,386

6,857

10,056

19,531

8,993

2,581

7,125

29,011

-154,457

-30,861

-20,045

-15,531

176,707

0

0

0

Supplemental disclosure of cash flow information
Cash paid for interest

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

0

0

31,407

-

31,617

31,656

34,626

37,461

50,997

51,254

64,888

64,155

0

0

0

Cash paid for income taxes

6,028

13,469

16,222

21,732

26,785

17,438

14,141

8,944

8,534

12,641

12,355

12,217

7,526

1,860

1,737

1,577

659

632

0

0

0

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value of contingent consideration related to acquisitions

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment acquired through capital leases

-

-

-

-

-

0

-1,166

-520

50

0

1,624

2,257

1,446

1,454

1,316

717

958

966

0

0

0