Computer task group, incorporated (CTG)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flow from operating activities:
Net income

4,125

-2,817

806

-34,638

-

-

-

-

-

-

-

Net Income

-

-

-

-

6,510

10,350

15,679

16,165

11,938

8,372

5,933

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense

3,268

2,537

1,578

1,647

1,962

2,974

2,796

2,919

2,271

1,711

1,682

Equity-based compensation expense

1,748

2,353

1,059

1,626

1,317

3,088

2,647

2,236

1,654

1,349

1,447

Deferred income taxes

294

-3,070

-2,437

583

-425

-204

350

-116

883

154

-

Deferred compensation benefits

-427

-729

-162

270

-10

-103

-

-

-

-

-4,658

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-483

Deferred compensation

-

-

-

-

-

-

128

600

-1,036

-343

-826

Loss on disposals of property, equipment and capitalized software

-

-

-

-

-

-

0

-

-

-

-

Gain on the sale of property and equipment

-

108

-

-

-

-

-

-20

136

9

-11

Goodwill impairment

-

-

-

37,329

-

-

-

-

-

-

-

Write-off of capitalized software

-

-

-

-

1,186

1,546

-

-

-

-

-

Non-taxable life insurance gain

-

807

390

-

246

-

-

-

-

-

-

Changes in assets and liabilities that provide (use) cash, excluding the effects of acquisitions:
Accounts receivable

3,627

8,724

-5,202

729

5,951

2,594

-5,213

2,239

10,561

13,210

-3,752

Prepaid and other current assets

-952

-174

-85

520

-269

189

154

-403

-93

51

-292

Other long-term assets

-84

-847

421

242

-529

-

-

-

-

-

-

Cash surrender value of life insurance

-961

1,406

772

567

713

780

-

-

-

-

-

Increase in cash surrender value of life insurance

-

-

-

-

-

-

1,610

-50

-1,091

-1,318

1,189

Accounts payable

3,864

30

1,651

-763

-603

-2,372

-2,607

-293

1,250

-581

-1,464

Accrued compensation

2,203

2,580

-1,336

132

-9,104

-3,230

-1,107

1,002

1,530

9,962

-

Income taxes payable / receivable

-186

497

-592

-242

1,894

-2,261

-232

-1,067

1,176

526

94

Advance billings on contracts

-2,830

210

808

29

-

-

-

-

-

-

-

(Decrease) increase in advance billings on contracts

-

-

-

-

-421

-431

-361

707

-568

850

108

Other current liabilities

-1,061

2,508

-447

-354

-650

1,050

-869

732

733

-493

-868

Other long-term liabilities

-250

-518

-276

40

137

213

-182

-195

53

-82

114

Net cash provided by operating activities

8,530

-303

9,230

2,435

-3,469

7,465

18,991

21,156

8,605

9,165

3,945

Cash flow from investing activities:
Cash paid for acquisitions, net of cash acquired

8,461

13,782

-

-

-

-

2,488

0

0

-

-

Additions to property and equipment

1,773

2,011

1,557

1,665

1,260

1,410

2,266

1,872

1,584

1,000

877

Additions to capitalized software

669

234

952

522

641

1,683

1,686

0

364

1,016

2,202

Proceeds from the sale of property and equipment

-

1,724

-

-

-

-

-

5

176

41

18

Premiums paid for life insurance

618

702

632

690

653

757

-

-

-

-

-

Life insurance proceeds

-

2,151

-

394

-

-

-

-

-

-

-

Deferred compensation plan investments, net

-

-209

45

110

-534

-109

269

113

-

-

-

Deferred compensation plan investments, net

-

-

-

-

-

-

-

-

-97

-24

70

Net cash used in investing activities

-11,521

-12,645

-3,186

-2,593

-2,020

-3,741

-6,709

-1,980

-1,675

-1,951

-3,131

Cash flow from financing activities:
Proceeds from long-term debt

-

-

-

-

-

-

0

-

-

-

-

Proceeds from long-term debt

170,920

134,386

60,620

47,065

19,585

-

-

-

-

-

-

Payments on long-term debt

169,270

135,181

60,910

43,565

18,360

-

-

-

-

-

-

Proceeds from stock option plan exercises

91

1,848

735

262

2,598

1,241

561

1,144

2,007

781

721

Proceeds from life insurance loans

-

29,268

-

-

-

-

-

-

-

-

-

Excess tax benefits from equity-based compensation

-

-

-

22

380

1,964

1,119

2,615

1,801

242

273

Taxes remitted for shares withheld from equity-based compensation transactions

172

329

328

380

563

-

-

-

-

-

-

Proceeds from Employee Stock Purchase Plan

147

93

155

215

276

323

368

294

274

178

111

Change in cash overdraft, net

78

-528

397

-362

411

-424

506

-777

539

-321

851

Dividends paid

-

-

-

2,890

3,624

3,422

2,274

0

0

-

-

Payments against loans on life insurance policies

-

-

-

-

22,827

-

-

-

-

-

-

Payoff of loans on life insurance policies

-

-

-

-

-

-

0

-

-

-

-

Purchase of stock for treasury

-

14,945

6,159

1,244

1,406

7,432

7,343

4,591

3,601

2,993

4,045

Net cash provided by financing activities

1,794

14,612

-5,490

-877

-23,530

-7,750

-7,063

-1,315

1,020

-2,113

-2,089

Effect of exchange rates on cash and cash equivalents

-453

-403

1,209

-359

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

-1,650

1,261

1,763

-1,394

-

-

-

-

-

-

-

Effect of exchange rates on cash and cash equivalents

-

-

-

-

-1,042

-1,339

394

339

-373

-687

725

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-30,061

-5,365

5,613

18,200

7,577

4,414

-550