Csg systems international, inc. (CSGS)
CashFlow / Quarterly
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'11
Cash flows from operating activities:
Net income

21,514

22,581

21,559

19,379

19,251

20,898

16,101

15,117

14,014

14,966

14,580

11,581

20,237

12,647

17,894

10,837

21,504

23,668

16,747

12,794

9,358

11,384

5,233

9,403

9,691

2,998

15,300

12,072

14,898

15,790

9,413

11,870

11,806

11,294

10,479

9,015

11,494

Adjustments to reconcile net income to net cash provided by (used in) operating activities –
Depreciation

5,565

5,503

5,365

5,441

5,113

5,011

4,831

4,548

3,914

3,405

3,344

3,316

3,315

3,193

3,398

3,509

3,516

3,508

3,723

3,850

3,695

3,605

3,553

3,440

3,486

4,254

4,609

4,770

5,000

5,202

5,373

5,874

5,837

6,511

6,404

6,273

6,247

Amortization

10,788

11,121

9,954

12,676

11,949

12,354

11,017

11,011

9,946

7,831

7,252

6,947

7,471

7,705

6,881

6,625

6,415

6,928

7,178

6,958

8,217

8,346

8,283

8,334

8,590

9,406

9,656

9,021

9,736

10,884

12,198

10,794

10,302

10,574

10,384

11,069

10,146

Amortization of original issue discount

730

720

709

700

690

680

671

661

652

643

634

625

888

1,010

1,062

1,136

1,658

1,607

1,576

1,547

1,516

1,487

1,460

1,430

1,404

1,377

1,351

1,325

1,299

1,274

1,251

1,226

1,203

1,179

1,158

1,420

1,449

Asset impairment

259

73

0

296

69

423

427

662

339

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on short-term investments and other

85

79

115

13

157

36

-43

91

17

108

39

-20

57

60

26

8

-11

2

-57

-31

-91

-150

-238

-282

-453

354

-266

-131

-867

61

23

15

8

14

12

21

13

Loss on extinguishment of debt

-

-

-

-

-

0

0

0

-810

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on repurchase of convertible notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-332

-5,108

-3,211

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposition of business operations

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-3

6,614

-

-

-

-

0

0

0

222

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

9,310

-6,201

1,943

2,786

1,395

2,763

-2,794

927

4,017

5,625

-238

-4,246

5,971

-652

-2,237

-3,845

3,923

-10,550

-1,798

-3,781

23

66

-791

-2,006

2,772

-2,847

-5,450

86

6,447

-2,918

-1,447

-3,231

-3,111

2,340

2,981

-9,248

7,904

Excess tax benefit of stock-based compensation awards

-

-

-

-

-

-

-

-

-

-

-

-

-

107

1,182

65

3,375

11

365

13

1,796

16

60

10

1,974

58

77

5

537

9

118

2

286

4

0

10

814

Stock-based compensation

4,900

6,600

4,800

4,800

3,700

4,600

4,600

5,628

4,572

4,341

5,015

5,974

5,670

5,442

5,187

5,580

6,506

5,355

5,302

5,384

5,089

4,405

4,536

3,931

3,783

3,299

3,979

3,908

3,610

3,441

3,461

3,382

3,147

2,468

3,155

3,255

3,274

Changes in operating assets and liabilities, net of acquired amounts:
Trade accounts receivable, net

23,304

-4,733

-23,003

19,733

12,018

-15,814

4,583

36,828

-25,459

13,988

229

-2,146

-5,650

6,968

21,980

-5,670

-35

-3,700

7,267

-6,384

986

-1,233

2,102

-4,572

18,029

2,394

10,307

2,381

-12,763

22,839

4,759

-4,865

-13,252

21,122

-8,750

21,854

-4,085

Other current and non-current assets and liabilities

8,452

2,415

-910

14,647

1,575

1,416

7,768

9,366

4,629

-4,663

-2,999

7,580

-2,793

-56

-2,065

3,463

-1,597

-705

2,640

2,359

1,093

-2,636

-3,121

5,539

3,448

2,522

-3,726

5,025

3,342

-578

-1,658

2,799

1,152

-1,225

-2,749

-1,054

3,229

Income taxes payable/receivable

-3,092

1,303

3,783

-4,201

3,886

-310

3,537

793

1,035

-4,444

3,117

4,290

-5,692

-11,417

5,221

-8,963

992

5,365

3,612

-3,362

3,338

-435

687

-3,219

707

9,280

5,537

4,463

-8,641

-6,392

-1,993

-12,772

14,614

8,522

-9,347

11,841

-3,443

Trade accounts payable and accrued liabilities

-32,455

-2,339

9,350

8,266

-25,594

6,028

14,598

-846

-26,926

11,630

3,259

2,677

-21,943

17,890

-4,870

13,732

-32,490

17,619

1,932

10,505

-16,140

20,728

-4,016

5,111

-17,464

14,730

1,039

12,687

-29,450

18,566

3,104

10,849

-14,045

11,022

-2,109

-4,686

-24,301

Deferred revenue

7,152

1,925

-2,158

-154

6,124

3,310

6,383

4,130

-3,331

-11,240

-1,348

6,627

5,661

-4,059

-3,004

4,235

3,785

-2,464

-2,990

1,638

7,624

-5,844

-505

-882

1,673

-3,355

-4,393

-2,250

9,894

-5,779

-6,964

6,538

6,630

-2,170

-4,282

-7,395

-14,688

Net cash provided by (used in) operating activities

-7,213

43,549

79,098

15,603

12,826

70,072

47,055

-3,641

29,855

24,373

38,334

34,524

29,964

24,680

8,741

40,091

10,674

52,613

25,834

39,576

18,936

47,745

19,637

24,847

-8,578

40,052

25,236

38,802

22,544

19,020

23,654

36,579

48,189

31,825

30,310

713

-1,889

Cash flows from investing activities:
Purchases of software, property and equipment

4,822

9,613

9,848

9,572

8,286

13,057

17,332

14,480

12,235

5,572

4,632

9,181

9,557

2,721

2,679

3,601

5,262

2,069

5,351

4,730

6,695

4,579

10,210

6,697

4,499

11,090

7,861

6,633

4,492

12,733

6,938

11,232

2,318

2,582

8,554

6,811

4,250

Purchases of short-term investments

16,037

28,812

2,904

8,374

14,168

21,737

8,940

29,275

15,070

66,044

42,372

55,848

17,983

74,231

20,626

88,010

14,100

74,091

33,545

63,832

10,085

63,445

41,968

44,483

40,531

54,316

30,376

75,663

23,220

19,856

20,720

14,637

10,142

5,895

11,935

7,288

12,680

Proceeds from sale/maturity of short-term investments

18,700

14,100

9,200

9,200

19,600

300

73,600

37,392

79,508

42,732

46,477

66,509

37,782

50,009

45,983

31,766

30,067

65,228

32,972

45,324

49,470

51,049

37,279

58,283

50,855

26,968

21,359

11,861

29,500

8,911

16,352

4,700

12,100

8,250

17,500

2,700

15,000

Acquisition of and investments in business, net of cash acquired

9,991

0

13,194

0

4,000

73,348

2,807

0

68,636

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of and investments in client contracts

-

-

-

-

-

-

-

-

-

2,098

2,556

3,163

4,363

1,549

1,577

2,941

1,520

1,644

1,848

3,303

1,223

1,365

939

1,787

1,509

1,743

1,541

3,401

407

376

1,305

1,255

1,693

2,420

2,234

2,096

2,383

Proceeds from the disposition of business operations

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

8,850

-

-

-

-

0

500

0

630

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-12,180

-24,319

-16,670

-8,812

-6,835

-107,831

44,522

-6,397

-16,433

-31,017

-3,083

-1,683

5,879

-28,492

21,101

-62,786

18,035

-12,914

-8,734

-26,541

31,467

-18,340

-15,338

5,316

4,946

-40,311

-16,685

-73,836

1,381

-24,054

-31,696

-22,424

-2,053

-2,647

-5,223

-13,495

-4,313

Cash flows from financing activities:
Proceeds from issuance of common stock

564

597

515

603

512

610

567

650

484

517

413

461

385

427

405

359

356

399

408

344

396

341

392

321

340

308

362

311

610

324

565

451

556

328

405

418

335

Payment of cash dividends

8,277

7,146

7,172

7,167

7,641

6,782

6,822

6,938

7,437

6,445

6,692

6,680

7,033

5,785

6,060

5,736

6,529

5,427

5,573

5,396

5,842

5,069

5,139

5,160

5,162

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

13,876

5,235

4,942

7,173

13,568

10,692

5,715

6,399

11,920

5,885

8,282

5,258

11,224

2,741

2,961

504

18,990

32

2,134

108

62,753

13,682

4,872

66

6,518

354

241

3,540

11,343

235

2,782

5,463

8,078

2,484

7,832

22

4,027

Payments on acquired asset financing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

829

-

-

-

-

-

-

-

-

933

102

246

417

230

523

407

427

Proceeds from long-term debt

-

-

-

-

-

0

0

0

150,000

-

-

-

-

0

0

0

230,000

0

0

0

150,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on long-term debt

1,875

1,875

1,875

1,875

1,875

1,875

1,875

1,875

120,000

3,750

3,750

3,750

3,750

1,875

1,875

1,875

1,875

1,875

1,875

1,875

121,875

3,750

3,750

3,750

3,750

3,750

3,750

3,750

3,750

168,000

5,000

10,000

7,000

2,500

3,500

26,649

37,500

Repurchase of convertible notes

-

-

-

-

-

-

-

-

-

-

-

-

-

19

17,290

125,748

72,619

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit of stock-based compensation awards

-

-

-

-

-

-

-

-

-

-

-

-

-

107

1,182

65

3,375

11

365

13

1,796

16

60

10

1,974

58

77

5

537

9

118

2

286

4

0

10

814

Settlement of convertible notes

-

-

-

-

-

-

-

-

-

0

0

0

34,771

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of deferred financing costs

-

-

-

-

-

0

0

48

1,442

-

-

-

-

0

0

89

6,655

0

50

0

2,692

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

205

Net cash used in financing activities

-23,464

-26,570

-13,474

-15,612

-22,572

-18,739

-13,845

-14,610

9,685

-15,563

-18,311

-15,227

-56,393

-9,886

-26,599

-133,528

127,063

-6,924

-8,859

-7,022

-41,799

-22,144

-13,309

-9,742

-13,116

-9,391

-13,182

-8,868

-13,946

-21,285

-7,201

-15,256

-14,653

-4,882

-11,450

-26,650

-41,010

Effect of exchange rate fluctuations on cash

-5,947

3,258

-2,101

-974

876

-1,397

-231

-3,184

2,153

1,699

700

75

1,621

-172

1,861

1,607

1,330

-309

-3,021

-345

-1,039

-1,122

-1,539

247

-484

-400

518

-2,867

-108

-242

-412

-1,344

192

-1,723

-3,832

1,802

1,339

Net decrease in cash and cash equivalents

-48,804

-4,082

46,853

-9,795

-15,705

-57,895

77,501

-27,832

25,260

-20,508

17,640

17,689

-18,929

-13,870

5,104

-154,616

157,102

32,466

5,220

5,668

7,565

6,139

-10,549

20,668

-17,232

-10,050

-4,113

-46,769

9,871

-26,561

-15,655

-2,445

31,675

22,573

9,805

-37,630

-45,873

Supplemental disclosures of cash flow information:
Cash paid during the period for –
Interest

6,194

1,543

6,411

1,604

6,506

1,676

6,437

1,900

5,844

1,091

6,009

1,090

6,539

1,026

6,546

1,280

3,339

896

3,141

902

3,441

934

3,120

889

3,322

1,193

3,477

1,392

3,378

1,931

4,455

2,265

4,473

2,182

4,506

2,652

4,581

Income taxes

857

6,579

1,535

8,870

1,374

2,000

3,648

3,616

1,162

5,737

5,917

8,655

1,835

17,760

9,337

19,243

6,680

10,862

10,237

16,793

3,968

3,435

4,643

13,320

3,755

2,595

1,248

1,695

611

10,543

10,081

22,873

242

294

16,329

3,760

2,453