Computer task group, incorporated (CTG)
CashFlow / TTM
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

4,637

4,125

-2,805

-2,596

-2,599

-2,817

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Income

-

-

-

-

-

-

-

-

-

-

469

-

-

-

-

-13,030

-

-33,163

-14,909

-15,614

6,510

5,117

5,772

8,451

10,350

12,829

13,966

14,788

15,679

16,844

16,794

16,862

16,165

14,585

13,763

12,470

11,938

0

0

0

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

3,407

3,268

3,054

2,665

2,651

2,537

-

2,331

-

2,046

1,754

1,754

1,578

1,532

1,586

1,614

1,647

1,697

1,678

1,785

1,962

2,208

2,470

2,734

2,974

3,118

3,123

3,002

2,796

2,919

2,906

2,902

2,919

2,620

2,597

2,484

2,271

0

0

0

Equity-based compensation expense

2,011

1,748

1,820

2,017

2,130

2,353

-

1,971

-

1,597

1,248

1,248

1,059

1,086

1,293

1,532

1,626

1,673

1,469

1,329

1,317

2,196

2,567

2,902

3,088

2,591

2,621

2,652

2,647

2,555

2,470

2,358

2,236

2,077

1,943

1,804

1,654

0

0

0

Deferred income taxes

643

294

-3,178

-2,867

-3,264

-3,070

-

-1,238

-

-1,861

-1,921

-1,921

-2,437

-749

-341

-210

583

519

89

-51

-425

-518

-745

-551

-204

-43

25

153

350

1,218

107

-23

-116

0

0

0

-

-

-

-

Deferred compensation benefits

-342

-427

-433

-881

-503

-729

-

-519

-

-146

-429

-429

-162

312

142

229

270

170

511

396

-10

-135

-478

-428

-103

0

0

0

-

0

0

0

-

-

-

-

-

0

0

0

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Deferred compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

600

-920

-828

-1,008

-1,036

0

0

0

Gain on the sale of property and equipment

-

-

-

-

-

108

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

136

0

0

0

Gain on the sale of property and equipment

-

-

-

-

-

-

-

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

37,329

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-16,207

3,627

3,023

5,329

8,943

8,724

-

10,736

-

9,088

447

447

-5,202

-8,334

-6,633

-6,724

729

-1,403

10,652

7,578

5,951

6,728

-6,662

-1,328

2,594

-3,232

-2,486

-3,304

-5,213

2,431

1,740

6,223

2,239

3,023

7,285

3,371

10,561

0

0

0

Prepaid and other current assets

97

-952

-468

571

-747

-174

-

1,434

-

189

55

55

-85

-161

-339

-53

520

-129

509

-342

-269

51

-340

388

189

433

266

312

154

-60

-47

-387

-403

-211

102

332

-93

0

0

0

(Increase) in income taxes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term assets

209

-84

-153

-934

-1,185

-847

-

-429

-

674

798

798

421

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash surrender value of life insurance

-975

-961

573

1,000

1,084

1,406

-

316

-

41

713

713

772

84

580

617

567

1,140

994

1,612

713

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in cash surrender value of life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,692

1,634

1,708

1,610

1,425

-1,076

4

-50

-1,644

-1,522

-1,218

-1,091

0

0

0

Accounts payable

4,277

3,864

-643

-1,048

-1,317

30

-

-37

-

749

435

435

1,651

164

-624

1,083

-763

42

1,745

-42

-603

-1,293

-1,944

-3,051

-2,372

-4,055

-3,570

-2,541

-2,607

-1,471

-3,210

-1,590

-293

447

2,208

-433

1,250

0

0

0

Accrued compensation

-1,165

2,203

5,483

3,907

3,128

2,580

-

2,339

-

-194

-742

-742

-1,336

-2,631

-517

-1,157

132

-4,161

-4,788

-2,287

-9,104

5,752

-4,540

1,093

-3,230

-4,778

-2,139

-1,789

-1,107

-2,163

-930

1,388

1,002

0

0

0

-

-

-

-

Income taxes payable / receivable

306

-186

1,625

1,478

1,217

497

-

0

-

0

-722

0

-

-

-

-930

-242

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-664

-1,067

99

1,706

1,521

1,176

0

0

0

Advance billings on contracts

-1,309

-2,830

-2,386

-1,282

-1,169

210

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Decrease) increase in advance billings on contracts

-

-

-

-

-

-

-

-

0

-

-192

-

-

-

0

341

-

525

460

367

-421

106

-291

-110

-431

-271

-134

-171

-361

-214

-109

1,101

707

292

279

-951

-568

0

0

0

Other current liabilities

-838

-1,061

-1,008

1,647

2,245

2,508

-

1,221

-

1,345

584

584

-447

-1,003

-748

-1,371

-354

-1,628

350

-877

-650

2,152

415

1,505

1,050

32

260

83

-869

-1,002

-1,024

-503

732

979

757

733

733

0

0

0

Other long-term liabilities

235

-250

0

0

0

-

-

-

-

-

-

-

-276

158

42

-1

40

232

210

195

137

11

189

216

213

51

-259

-336

-182

-243

-108

-46

-195

14

43

52

53

0

0

0

Net cash provided by operating activities

27,452

8,530

4,219

1,397

-802

-303

-

-2,992

-

-4,623

1,524

1,524

9,230

10,194

9,646

10,307

2,435

4,634

-1,458

1,534

-3,469

12,494

11,858

12,327

7,465

9,214

14,548

16,789

18,991

12,213

15,405

16,507

21,156

19,908

16,538

13,337

8,605

0

0

0

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

3,999

8,461

8,457

8,457

8,579

13,782

-

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,488

2,488

2,488

2,488

0

0

0

0

-

-

-

-

Additions to property and equipment

1,914

1,773

1,185

1,368

1,542

2,011

-

2,815

-

2,549

2,121

2,121

1,557

542

881

1,005

1,665

1,917

1,728

1,752

1,260

1,221

1,212

1,430

1,410

1,644

1,809

1,956

2,266

2,465

2,445

2,146

1,872

1,378

1,359

1,575

1,584

0

0

0

Additions to capitalized software

928

669

432

272

210

234

-

220

-

213

406

406

952

1,094

1,048

977

522

370

352

600

641

971

1,296

1,374

1,683

1,872

1,921

2,122

1,686

0

0

0

-

-

-

-

364

0

0

0

Proceeds from the sale of property and equipment

-

-

-

-

-

1,724

-

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Life insurance proceeds

-

-

-

-

-

2,151

-

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred compensation plan investments, net

0

-

-

-23

-91

-209

-

-190

-

-185

-114

-114

45

36

36

-11

110

99

18

6

-534

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Deferred compensation plan investments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-19

-94

32

-97

0

0

0

Net cash used in investing activities

-7,430

-11,521

-9,754

-9,747

-9,913

-12,645

-

-14,341

-

-14,145

-13,859

-13,859

-3,186

-2,994

-2,655

-2,267

-2,593

-2,645

-2,357

-3,011

-2,020

-2,436

-2,833

-3,137

-3,741

-3,406

-3,619

-3,986

-6,709

-6,385

-5,906

-4,707

-1,980

-1,356

-1,124

-1,574

-1,675

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from long-term debt

164,874

170,920

162,250

164,036

143,387

134,386

-

126,256

-

103,446

50,360

50,360

60,620

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on long-term debt

166,192

169,270

156,762

153,374

139,089

135,181

-

123,141

-

100,136

41,340

41,340

60,910

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from stock option plan exercises

-

-

-

-

-

1,848

-

1,842

-

1,856

1,125

1,125

735

774

760

218

262

761

839

1,344

2,598

2,649

2,962

2,385

1,241

833

473

566

561

805

1,065

1,012

1,144

902

663

1,123

2,007

0

0

0

Proceeds from life insurance loans

-

-

-

-

-

29,268

-

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from equity-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22

57

46

147

380

344

1,011

1,942

1,964

2,111

1,465

961

1,119

1,841

2,932

2,692

2,615

1,803

727

1,537

1,801

0

0

0

Taxes remitted for shares withheld from equity-based compensation transactions

159

172

195

207

203

329

-

330

-

329

302

302

328

318

328

335

380

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Employee Stock Purchase Plan

137

147

147

111

102

93

-

95

-

137

147

147

155

170

181

200

215

224

247

252

276

284

297

309

323

334

351

359

368

358

334

316

294

285

281

282

274

0

0

0

Change in cash overdraft, net

-139

78

139

177

-258

-528

-

-371

-

-182

321

321

397

-43

31

-241

-362

43

420

-165

411

-474

-825

-157

-424

-65

-347

-42

506

35

-1,118

-181

-777

103

1,151

212

539

0

0

0

Dividends paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,890

3,755

3,709

2,735

3,624

3,606

3,576

4,488

3,422

3,277

3,157

3,022

2,274

0

0

0

-

-

-

-

-

-

-

-

Purchase of stock for treasury

-

-

-

-

-

14,945

-

16,187

-

16,612

4,402

4,402

6,159

0

0

0

-

-

-

-

1,406

2,402

1,836

4,634

7,432

8,464

12,606

10,939

7,343

5,751

2,156

3,728

4,591

4,454

6,032

3,865

3,601

0

0

0

Net cash provided by financing activities

-1,388

1,794

6,620

10,455

13,717

14,612

-

16,410

-

16,587

11,964

11,964

-5,490

-6,052

-6,543

-6,765

-877

-13,080

-16,668

-23,926

-23,530

-16,032

-7,138

-4,643

-7,750

-8,528

-13,821

-12,117

-7,063

-4,238

295

111

-1,315

-1,361

-3,210

-711

1,020

0

0

0

Effect of exchange rates on cash and cash equivalents

-282

-453

-879

-533

-1,036

-403

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

18,352

-1,650

206

1,572

1,966

1,261

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rates on cash and cash equivalents

-

-

-

-

-

-

-

-

0

-

1,429

-

-

-

0

-602

-

-69

-92

415

-1,042

-1,337

-2,096

-2,436

-1,339

-556

568

878

394

530

556

-431

339

-420

-1,582

-655

-373

0

0

0

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

0

-

1,058

-

-

-

0

673

-

-11,160

-20,575

-24,988

-30,061

-7,311

-209

2,111

-5,365

-3,276

-2,324

1,564

5,613

2,120

10,350

11,480

18,200

16,771

10,622

10,397

7,577

0

0

0