Computer task group, incorporated (CTG)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Sep'18Jun'18Jun'18Mar'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 flow from operating activities:
Net income

1,144

1,671

879

943

632

-5,259

-

1,088

-

940

-

414

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income

-

-

-

-

-

-

-

-

-

-

414

-

-

-

-

751

-

-16,183

1,259

-20,857

2,618

2,071

554

1,267

1,225

2,726

3,233

3,166

3,704

3,863

4,055

4,057

4,869

3,813

4,123

3,360

3,289

2,991

2,830

2,828

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

816

846

1,057

688

677

632

-

668

-

674

563

563

426

383

382

387

380

437

410

420

430

418

517

597

676

680

781

837

820

685

660

631

943

672

656

648

644

649

543

435

Equity-based compensation expense

512

587

468

444

249

659

-

665

-

557

472

472

277

291

208

283

304

498

447

377

351

294

307

365

1,230

665

642

551

733

695

673

546

641

610

561

424

482

476

422

274

Deferred income taxes

102

-6

198

349

-247

-3,478

-

509

-

-48

-53

-53

-1,646

-114

-108

-569

42

294

23

224

-22

-136

-117

-150

-115

-363

77

197

46

-295

205

394

914

-1,406

75

301

-

-

-

-

Deferred compensation benefits

48

-493

147

-44

-37

-499

-

-301

-

334

-263

-263

-289

72

51

4

185

-98

138

45

85

243

23

-361

-40

-100

73

-36

-

0

107

-8

-

-

-

-

-

-565

5,702

-5,083

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-53

-46

-176

Deferred compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

401

11

92

96

-1,119

103

-88

68

Gain on the sale of property and equipment

-

-

-

-

-

-1

-

-1

-

0

-

110

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

132

1

1

Gain on the sale of property and equipment

-

-

-

-

-

-

-

-

0

-

110

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

15,785

0

21,544

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-18,187

723

-2,948

4,205

1,647

119

-

-642

-

7,819

1,428

1,428

2,131

-2,290

-822

-4,221

-1,001

-589

-913

3,232

-3,133

11,466

-3,987

1,605

-2,356

-1,924

1,347

5,527

-8,182

-1,178

529

3,618

-538

-1,869

5,012

-366

246

2,393

1,098

6,824

Prepaid and other current assets

960

-2,452

258

1,331

-89

-1,968

-

1,297

-

13

484

484

-360

52

-121

344

-436

-126

165

917

-1,085

512

-686

990

-765

121

42

791

-521

-46

88

633

-735

-33

-252

617

-543

280

-22

192

(Increase) in income taxes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,270

2,579

-1,778

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term assets

248

-154

46

69

-45

-223

-

-735

-

-182

293

293

195

368

-58

-84

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash surrender value of life insurance

-202

-253

-475

-45

-188

1,281

-

-48

-

39

134

134

191

-323

711

193

-497

173

748

143

76

27

1,366

-756

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in cash surrender value of life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,527

128

-133

170

1,469

202

-231

-15

-1,032

1,282

-285

-1,609

-910

1,586

-158

Accounts payable

-2,530

7,342

-1,207

672

-2,943

2,835

-

-1,612

-

403

-1,596

-1,596

2,768

-826

89

-380

1,281

-1,614

1,796

-2,226

2,086

89

9

-2,787

1,396

-562

-1,098

-2,108

-287

-77

-69

-2,174

849

-1,816

1,551

-877

1,589

-55

-1,090

806

Accrued compensation

1,009

-7,688

7,834

-2,320

4,377

-4,408

-

6,258

-

-3,099

3,829

3,829

-4,649

3,725

-3,647

3,235

-5,944

5,839

-4,287

4,524

-10,237

5,212

-1,786

-2,293

4,619

-5,080

3,847

-6,616

3,071

-2,441

4,197

-5,934

2,015

-1,208

6,515

-6,320

-

-

-

-

Income taxes payable / receivable

740

-980

673

-127

248

831

-

526

-

-388

-472

-472

-

-

-

-342

-104

-551

67

346

-

-

-54

174

-

-

-

-

-

-

-

1,676

366

-471

-2,235

1,273

1,532

1,136

-2,420

928

Advance billings on contracts

377

-1,067

-219

-400

-1,144

-623

-

885

-

-287

-

235

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Decrease) increase in advance billings on contracts

-

-

-

-

-

-

-

-

-287

-

235

-

-

-

353

1,235

-

-38

-481

923

121

-103

-574

135

648

-500

-393

-186

808

-363

-430

-376

955

-258

780

-770

540

-271

-450

-387

Other current liabilities

-70

1,583

-3,013

662

-293

1,636

-

-358

-

1,260

-30

-30

349

-234

499

-1,061

-207

21

-124

-44

-1,481

1,999

-1,351

183

1,321

262

-261

-272

303

490

-438

-1,224

170

468

83

11

417

246

59

11

Other long-term liabilities

54

358

-176

-1

-431

-

-

-

-

-

-

-

-482

137

56

13

-48

21

13

54

144

-1

-2

-4

18

177

25

-7

-144

-133

-52

147

-205

2

10

-2

4

31

19

-1

Net cash provided by operating activities

19,179

4,301

9,366

-5,394

257

-10

-

6,544

-

-7,593

756

756

-2,699

4,913

-1,446

8,462

-1,735

4,365

-785

590

464

-1,727

2,207

-4,413

16,427

-2,363

2,676

-9,275

18,176

2,971

4,917

-7,073

11,398

6,163

6,019

-2,424

10,150

2,793

2,818

-7,156

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

3,995

4

0

0

8,457

0

-

0

-

122

13,660

13,660

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,488

0

0

0

0

-

-

-

-

Additions to property and equipment

392

935

266

321

251

347

-

449

-

495

720

720

1,151

183

67

156

136

522

191

816

388

333

215

324

349

324

433

304

583

489

580

614

782

469

281

340

288

450

497

349

Additions to capitalized software

291

261

317

59

32

24

-

157

-

-3

56

56

10

150

190

602

152

104

119

147

0

86

367

188

330

411

445

497

519

460

646

61

-

-

-

-

0

13

130

221

Proceeds from the sale of property and equipment

-

-

-

-

-

0

-

4

-

0

1,720

1,720

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Life insurance proceeds

-

-

-

-

-

1,025

-

0

-

0

1,126

1,126

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred compensation plan investments, net

-25

-

-

-3

4

-19

-

-5

-

-71

-114

-114

0

0

0

45

-9

0

-47

166

-20

-81

-59

-374

-

-

-51

-59

-

-

-

-

-

-

-

-

-

-

-

-

Deferred compensation plan investments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

-32

302

-

0

-286

398

-131

-75

-160

269

Net cash used in investing activities

-4,653

-1,232

-1,168

-377

-8,744

535

-

-1,161

-

-543

-11,476

-11,476

-1,161

-965

-257

-803

-969

-626

131

-1,129

-1,021

-338

-523

-138

-1,437

-735

-827

-742

-1,102

-948

-1,194

-3,465

-778

-469

5

-738

-154

-237

-445

-839

Cash flow from financing activities:
Proceeds from (payments on) long-term debt, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

295

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from long-term debt

40,845

37,465

35,789

50,775

46,891

28,795

-

37,575

-

30,126

37,890

37,890

20,665

14,765

-22,960

48,150

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on long-term debt

34,135

40,778

44,158

47,121

37,213

28,270

-

40,770

-

32,836

33,305

33,305

16,230

17,765

-25,960

52,875

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from stock option plan exercises

-

-

-

-

-

0

-

0

-

1,381

467

467

-6

14

650

77

33

0

108

121

532

78

613

1,375

583

391

36

231

175

31

129

226

419

291

76

358

177

52

536

1,242

Proceeds from life insurance loans

-

-

-

-

-

1,022

-

-161

-

22,352

6,055

6,055

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from equity-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

6

2

14

35

-5

103

247

-1

662

1,034

269

146

16

530

427

868

1,107

290

350

56

31

1,100

614

Taxes remitted for shares withheld from equity-based compensation transactions

81

19

0

59

94

42

-

12

-

55

220

220

43

11

28

246

33

21

35

291

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Employee Stock Purchase Plan

28

37

31

41

38

37

-

-5

-

32

29

29

39

37

42

37

54

48

61

52

63

71

66

76

71

84

78

90

82

101

86

99

72

77

68

77

63

73

69

69

Change in cash overdraft, net

-370

86

-162

307

-153

147

-

-124

-

-128

-423

-423

304

65

375

-347

-136

139

103

-468

269

516

-482

108

-616

165

186

-159

-257

-117

491

389

-728

-1,270

1,428

-207

152

-222

489

120

Dividends paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

46

960

959

925

911

914

-15

1,814

893

884

897

748

748

764

762

0

-

-

-

-

-

-

-

-

Purchase of stock for treasury

-

-

-

-

-

72

-

1,077

-

13,667

129

129

1,314

1,502

1,457

1,886

-

-

-

-

0

566

42

798

996

0

2,840

3,596

2,028

4,142

1,173

0

436

547

2,745

863

299

2,125

578

599

Net cash provided by financing activities

6,287

-3,209

-8,409

3,943

9,469

1,617

-

-4,574

-

7,205

10,364

10,364

3,415

-4,397

2,582

-7,090

2,853

-4,888

2,360

-1,202

-9,350

-8,476

-4,898

-806

-1,852

418

-2,403

-3,913

-2,630

-4,875

-699

1,141

195

-342

-883

-285

149

-2,191

1,616

1,446

Effect of exchange rates on cash and cash equivalents

-113

228

-386

-11

-284

-198

-

-40

-

-514

-

349

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

20,700

88

-597

-1,839

698

1,944

-

769

-

-1,445

-

-7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rates on cash and cash equivalents

-

-

-

-

-

-

-

-

-514

-

349

-

-

-

539

129

-

68

-272

372

-237

45

235

-1,085

-532

-714

-105

12

251

410

205

-472

387

436

-782

298

-372

-726

145

580

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-1,445

-

-7

-

-

-

1,418

698

-

-1,081

1,434

-1,369

-10,144

-10,496

-2,979

-6,442

12,606

-3,394

-659

-13,918

14,695

-2,442

3,229

-9,869

11,202

5,788

4,359

-3,149

9,773

-361

4,134

-5,969