PC CONNECTION INC CNXN Cash Flow

Pc connection inc (CNXN)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Cash Flows provided by Operating Activities:
Net income
82,111	64,592	54,857	48,111	46,827	42,681	35,682	33,071	28,787	22,961	-1,222
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
13,314	14,063	11,839	10,453	8,961	8,092	7,089	6,895	5,951	5,430	6,796
Provision for doubtful accounts
25	1,680	1,658	360	1,097	1,383	1,078	1,561	2,768	2,372	2,354
Stock-based compensation expense
1,863	1,080	741	1,049	994	929	958	1,494	824	1,531	1,420
Deferred income taxes
2,986	1,488	-3,906	3,506	2,652	1,212	4,578	674	2,581	1,546	-1,476
Loss on disposal of fixed assets
-213	-51	-24	-92	-44	-14	-5	-82	-16	-2	-16
Excess tax benefit from exercise of equity awards
-	-	-	513	552	556	260	15	15	16	-
Income tax benefit from stock-based compensation
-	-	-	-	-	-	-	213	112	-	-106
Fair value adjustment to contingent consideration
-	-	-	-	-	-	-	-44	-80	-	-
Changes in assets and liabilities:
Non-cash portion of special charges
-	-	-	-	-	-	-	-	-	-	11,625
Accounts receivable
101,953	-14,872	39,457	33,835	64,215	11,359	16,819	-26,317	56,682	22,288	34,564
Inventories
5,471	23,311	16,218	-12,401	11,863	11,776	9,504	-7,800	2,850	6,902	6,578
Prepaid expenses, income tax receivables and other current assets
1,476	1,045	2,097	1,274	285	-1,829	3,005	-2,272	673	2,014	-1,389
Other non-current assets
-264	-2,403	4,265	321	328	4	6	62	219	-77	97
Accounts payable
34,960	5,722	15,807	-3,012	41,324	202	-1,371	-4,613	14,497	-10,329	23,471
Accrued expenses and other liabilities
9,767	5,244	337	-3,431	6,206	2,751	1,231	-5,986	-309	6,768	2,682
Net cash provided by operating activities
36,603	86,839	19,320	33,586	30,862	35,398	19,656	69,659	-5,292	-862	5,710
Cash Flows used in Investing Activities:
Purchases of equipment
25,656	21,238	11,803	11,885	12,337	7,609	7,607	9,250	10,855	6,387	5,569
Cash paid for acquisitions
-	-	-	42,990	-	-	-	-	4,745	-	-
Purchase of intangible assets
-	-	-	-	450	-	-	-	450	800	-
Proceeds from sale of equipment
-	-	-	-	-	13	2	10	4	9	2
Net cash used in investing activities
-25,656	-21,238	-11,803	-54,875	-12,787	-7,596	-7,605	-9,240	-16,046	-7,178	-5,567
Cash Flows used in Financing Activities:
Proceeds from short-term borrowings
-	859	-	-	-	-	-	7,204	59,373	9,485	22,401
Repayment of short-term borrowings
-	859	-	-	-	-	-	12,471	54,106	9,485	22,401
Repayment of capital lease obligation to affiliate
-	-	-	-	-	-	989	971	870	780	699
Purchase of treasury shares
4,478	15,375	-	-	-	-	-	7,813	3,823	2,857	425
Dividend payment
8,452	9,122	9,041	10,591	-	10,527	10,475	10,074	10,588	-	-
Proceeds from exercise of stock options
-	-	1,750	135	437	356	1,779	872	404	670	-
Issuance of stock under Employee Stock Purchase Plan
1,253	1,247	1,197	961	875	753	591	515	380	294	275
Excess tax benefit from exercise of equity awards
-	-	-	513	552	556	260	15	15	-	-
Payment of payroll taxes on stock-based compensation through shares withheld
913	638	613	737	660	578	577	504	206	210	-
Payment of contingent consideration
-	-	-	-	-	-	-	1,900	-	-	-
Net cash used in financing activities
-12,590	-23,888	-6,707	-9,719	1,204	-9,440	-9,411	-25,127	-9,421	-2,883	-849
Increase in cash and cash equivalents
-1,643	41,713	810	-31,008	19,279	18,362	2,640	35,292	-30,759	-10,923	-706
Non-cash Investing and Financing Activities:
Accrued capital expenditures
1,463	2,422	699	109	504	205	335	253	430	4	163
Issuance of nonvested stock
-	-	-	-	-	-	403	1,314	633	820	372
Contingent consideration recorded in accrued expenses and other liabilities
-	-	-	-	-	-	-	-	1,960	-	-
Supplemental Cash Flow Information:
Income taxes paid
28,460	19,945	28,927	29,740	30,371	24,219	20,891	19,025	16,813	14,894	1,551
Interest paid
-	-	-	-	-	-	101	244	276	403	456