CRA INTERNATIONAL, INC. CRAI Cash Flow

Cra international, inc. (CRAI)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Sep'18	Jun'18	Mar'18	Dec'17	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
OPERATING ACTIVITIES:
Net income
22,550	20,747	22,823	20,992	22,251	22,472	-	13,372	12,689	9,757	-	7,701	12,038	11,964	14,824	14,233	9,568	9,230	5,665	6,325	12,657	13,033	12,998	13,407	13,380	13,524	11,708	11,235	-45,827	-49,866	-50,444	-52,843	5,053	9,657	12,920	16,945	0	0	0
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization
10,933	10,606	10,333	10,439	10,335	9,942	-	9,528	9,327	9,116	-	8,859	8,663	8,110	7,995	7,875	7,608	7,275	6,709	6,542	6,472	6,531	6,520	6,438	6,355	6,397	6,546	6,460	6,240	6,221	5,875	5,841	5,737	5,251	5,258	5,103	0	0	0
Loss on disposal of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-16	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Facility related liabilities
117	117	29	-49	1,735	3,596	-	5,505	5,664	4,672	-	3,171	1,326	1,308	1,076	3,260	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right-of-use asset amortization
11,447	10,662	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred rent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,935	-5,239	-1,251	-220	2,048	2,165	2,064	1,903	3,883	3,748	4,902	4,475	0	0	0	-	-	-	-
Deferred rent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Deferred income taxes
-1,157	-1,159	-610	-886	-740	-829	-	1,319	1,540	1,382	-	1,651	0	0	0	-	-	-	-	-1,710	-2,737	-2,271	-1,430	-1,431	4,534	4,486	3,918	3,924	-9,845	-9,839	-10,009	-9,882	-3,842	-5,058	-8,735	-8,739	0	0	0
Share-based compensation expenses
3,205	3,461	3,756	4,140	4,438	4,819	-	5,687	6,002	6,253	-	6,616	6,709	6,814	6,867	6,867	6,179	5,898	5,837	5,791	5,899	6,001	5,901	5,619	5,005	4,330	3,882	3,035	3,310	3,789	3,900	4,947	5,268	5,051	5,626	5,769	0	0	0
Excess tax benefits from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	393	96	96	121	128	0	0	0	-	-	-	-	7	48	48	49	81	0	0	0	-	-	-	-
GNU gain on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	606	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable allowances
61	47	-1,803	-1,858	-1,814	-1,410	-	226	391	1,187	-	1,739	2,528	2,496	1,200	535	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized foreign currency remeasurement gains, net
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable allowances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-4,513	-3,533	-4,651	-2,186	-3,452	-2,872	2,782	2,814	0	0	0	-	-	-	-
Changes in operating assets and liabilities:
Noncash interest from discount on convertible debentures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Accounts receivable
17,113	12,759	1,862	-2,163	11,643	14,427	-	11,791	17,185	13,135	-	13,032	15,223	10,075	11,846	8,670	3,912	6,599	-2,554	3,438	9,739	-6,322	736	-1,929	-19,642	12,644	-4,469	-9,917	-2,984	-19,694	-6,593	-10,271	3,147	696	-824	11,999	0	0	0
Unbilled services, net
-97	352	0	0	0	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unbilled services
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	219	4,034	1,376	2,393	772	5,313	1,738	3,292	738	-1,676	-1,629	4,057	2,997	3,390	-4,114	-10,414	4,674	-12,191	-5,697	2,402	-12,640	0	0	0
Prepaid expenses and other current assets, and other assets
5,285	2,120	1,650	-551	-2,368	-5,502	-	-979	-1,132	-5,174	-	-6,067	1,522	1,601	6,660	6,439	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other current asset, and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-20,073	-30,249	-8,728	-2,039	0	0	0	-	-	-	-	-	-	-	-
Forgivable loans
26,513	16,331	16,503	14,510	13,189	12,277	-	11,493	11,101	12,554	-	-5,641	-4,900	-11,224	-9,218	-10,225	-6,367	-2,959	-5,040	-233	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Incentive cash awards
5,048	4,839	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Incentive cash awards
-	-	-	-	-	-	-	-	-	1,758	1,319	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Accounts payable, accrued expenses, and other liabilities
19,562	16,194	11,482	5,550	7,414	18,786	-	15,626	10,014	15,384	-	23,415	15,557	14,331	14,126	16,324	14,021	9,194	1,539	-515	1,743	1,076	2,567	8,152	4,413	8,907	5,599	11,114	8,167	-2,856	-6,460	-13,411	-17,689	-16,319	-3,373	12,535	0	0	0
Lease liabilities
-3,572	-6,162	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34,666	-	14,534	28,756	20,405	30,150	46,341	29,004	11,893	18,448	-2,864	-7,244	4,658	-8,525	5,039	10,438	11,813	30,031	0	0	0
Net cash provided by operating activities
19,024	27,832	24,676	22,881	20,161	36,189	-	29,673	21,540	25,690	-	45,858	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
INVESTING ACTIVITIES:
Cash consideration paid for acquisitions
-	-	-	-	-	-	-	-	-	-	-	16,163	0	0	0	-	-	-	-	-	-	-	-	1,784	1,537	1,537	1,364	15,591	0	0	0	-	0	0	555	844	0	0	0
Purchases of property and equipment
23,868	16,693	14,616	10,412	12,973	15,447	-	17,770	16,046	12,182	-	9,757	6,581	8,923	8,773	13,023	17,087	16,233	20,684	17,975	13,713	11,326	6,109	4,192	3,494	2,203	2,089	2,816	3,373	3,199	3,233	2,732	3,797	5,236	6,454	8,246	0	0	0
Purchase of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,494	23,898	39,000	39,113	61,049	0	0	0
Sale of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23,989	0	0	0	-	-	-	-
Collections on notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,557	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	78	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-20,715	-	-12,483	-9,953	-4,765	-5,862	-4,917	-3,726	-3,439	-18,393	-18,900	-12,806	-8,481	12,752	12,246	4,267	14,991	-23,521	0	0	0
Net cash used in investing activities
-23,868	-16,693	-14,616	-10,412	-12,973	-15,447	-	-17,770	-16,046	-11,932	-	-25,670	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
FINANCING ACTIVITIES:
Issuance of common stock, principally stock options exercises
1,836	3,211	2,785	2,776	3,157	2,166	-	4,857	4,637	5,689	-	6,420	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	207	279	279	450	647	575	575	654	620	0	0	0
Borrowings under revolving line of credit
85,000	54,000	54,000	50,000	59,161	30,161	-	30,161	30,161	15,500	-	11,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	75	75	75	75	300	300	300	310	26	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-
Tax withholding payments reimbursed by shares
2,178	2,176	2,551	2,551	2,551	3,946	-	4,342	4,342	4,342	-	3,262	2,093	2,093	2,093	1,880	1,031	1,047	1,092	668	1,190	1,190	1,145	1,222	662	659	679	730	845	842	835	1,360	1,159	1,173	1,180	1,146	0	0	0
Cash paid on dividend equivalents
251	246	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	393	96	96	121	128	0	0	0	-	-	-	-	7	48	48	49	81	0	0	0	-	-	-	-
Cash dividends paid to shareholders
6,719	6,539	6,358	6,185	7,302	5,784	-	9,084	7,711	5,015	-	4,941	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid to shareholders
-	-	-	-	-	-	-	-	-	5,176	4,941	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchases of common stock
17,529	18,068	25,563	19,005	25,003	27,884	-	0	0	0	-	-	-	-	-	19,315	21,314	19,978	8,567	12,806	24,375	28,105	27,903	25,492	0	0	0	-	-	-	6,012	9,062	0	0	0	-	-	-	-
Repurchase of treasury stock by NeuCo, Inc.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net cash provided by (used in) financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9,011	-	-24,315	-28,542	-28,458	-25,879	-14,253	-14,177	-6,739	-4,526	-2,888	-478	-6,998	-10,344	-13,581	-13,831	-34,758	-31,778	0	0	0
Effect of foreign exchange rates on cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	411	-	-1,417	-2,059	-2,444	-1,461	-389	180	187	271	257	73	-151	-19	-906	-1,247	-795	-650	0	0	0
Net cash provided by financing activities
6,159	-23,818	-1,444	-5,560	-1,610	-35,747	-	-20,546	-11,818	-27,201	-	-21,851	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of foreign exchange rates on cash and cash equivalents
-455	290	-646	-346	-1,472	-1,002	-	-393	681	2,476	-	2,168	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in cash and cash equivalents
0	-	0	0	0	-	-	0	0	0	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (decrease) increase in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,391	4,181	-3,611	5,351	-10,060	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-24,395	-20,455	-10,972	-6,136	2,798	-373	-8,749	-25,918	0	0	0
Noncash investing and financing activities:
Issuance of common stock for acquired business
-	-	-	-	-	-	-	-	-	-	-	3,044	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchases of common stock payable
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock for acquired business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-
Purchases of property and equipment not yet paid for
3,378	4,914	1,912	-348	-1,714	303	-	2,798	7,377	6,925	-	3,514	1,452	-2,379	-1,392	118	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property and equipment paid by a third party
-	-	-	-	-	-	-	-	-	-	-	1,640	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset retirement obligations
0	-	-	-	-	223	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right-of-use assets obtained in exchange for lease obligations
-	57,827	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right-of-use assets related to the adoption of ASC 842
-	82,329	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease liabilities related to the adoption of ASC 842
-	106,765	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental cash flow information:
Cash paid for taxes
7,987	7,590	7,482	7,238	4,899	4,813	-	3,536	3,353	7,355	-	7,424	9,522	9,821	6,184	6,184	5,420	6,280	9,801	9,688	11,199	11,980	12,223	15,580	14,158	10,200	5,332	2,887	1,331	1,319	4,897	8,718	16,025	20,402	21,225	18,744	0	0	0
Cash paid for interest
1,343	1,157	977	746	508	509	-	446	417	296	-	314	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for amounts included in operating lease liabilities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	317	-	396	416	425	443	404	391	380	339	278	249	222	223	205	276	580	558	0	0	0