Nic inc (EGOV)
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

11,863

9,957

14,511

14,460

11,502

9,847

15,902

17,012

15,508

10,840

14,020

12,769

13,985

13,643

16,235

13,061

12,894

8,985

12,750

11,303

8,941

8,292

10,361

11,029

9,376

6,181

5,093

10,807

9,957

8,622

5,995

6,093

5,628

5,522

6,832

5,533

5,055

Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of acquisition-related intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

53

80

81

-

81

80

81

Depreciation & amortization

3,482

3,535

3,524

3,130

2,421

2,466

2,441

2,145

2,065

1,818

1,810

1,688

1,613

1,675

1,674

1,736

1,664

1,673

2,116

2,304

2,292

2,358

2,292

2,277

2,250

2,112

2,145

2,049

2,027

2,282

1,606

1,319

1,311

1,537

1,167

1,110

1,084

Stock-based compensation expense

1,319

1,542

1,524

1,431

2,272

1,373

1,878

1,576

1,511

1,169

1,117

1,704

1,474

1,595

1,397

1,383

1,622

1,056

1,589

1,637

2,159

1,535

2,154

1,414

1,000

758

1,190

1,199

878

693

1,252

1,134

723

1,092

1,052

1,074

1,291

Deferred income taxes

603

218

488

-100

1,076

405

429

-71

685

917

-73

-116

912

-503

-434

-542

593

1,790

-953

-1,319

-1,436

1,565

-969

-818

-676

72

-322

-282

-538

-345

1,544

-334

-130

1,271

-57

-261

-165

Provision (recoveries) for losses on accounts receivable

347

373

557

38

-186

502

7

459

-116

105

68

-46

425

114

51

-47

24

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-72

3

-2

-27

-27

-19

-24

-104

-34

4

-2

-19

-15

0

0

-1

-29

-10

0

2

Excess tax benefits related to stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-155

-8

-217

-210

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

16,306

-20,309

-6,478

-851

32,464

-17,494

6,150

5,975

-16,813

20,277

4,486

-4,539

1,545

813

4,629

-1,790

-1,151

2,031

2,145

8,654

10,354

-4,430

687

-404

8,797

-8,122

-3,440

3,666

10,683

984

-593

6,924

-1,101

5,763

-2,047

5,357

-1,513

Prepaid expenses & other current assets

5,431

-28

369

-2,335

1,205

-131

848

-1,465

1,635

1,062

-602

-190

-2,461

583

-302

791

1,377

4,755

-1,811

-1,467

-395

2,228

74

-129

-2,241

-613

4,674

-1,973

-1,160

-1,688

1,021

1,048

1,538

-1,636

-1,841

345

1,824

Other assets

-697

-1,097

-1,142

-1,122

-1,069

-1,584

36

-4

-258

-6

8

14

1,493

20

5

6

20

-7

-5

-6

-2

94

20

8

34

31

4

1

1

0

6

1

1

-2

13

2

-12

Accounts payable

24,371

-21,107

1,084

3,608

20,008

-15,845

6,477

671

-20,131

21,576

8,628

-4,746

-9,789

1,927

8,593

4,989

-3,390

5,897

-214

7,131

6,916

-75

-4,303

-1,282

7,987

-6,685

-2,373

3,718

838

-4,099

-428

5,105

-1,952

10,424

-4,829

1,781

-3,937

Accrued expenses

-4,822

234

2,993

1,744

-3,183

681

1,361

1,967

-6,360

854

2,668

2,567

-3,838

2,499

1,152

2,147

-3,662

2,081

1,146

2,967

-4,960

351

614

2,811

-7,227

-1,889

2,975

1,229

-2,901

-764

1,664

1,605

-2,107

-2,254

2,439

3,322

-3,599

Other current liabilities

1,416

-920

2,020

-390

422

1,170

301

-504

295

-138

16

496

148

398

-14

-76

245

127

201

-189

-444

223

2,302

-313

415

103

-1,061

1,165

15

217

-16

-138

38

-126

42

-53

-128

Other long-term liabilities

-675

-2,007

-3,021

-1,526

-664

385

-607

433

325

427

-204

427

583

1,339

818

359

387

434

-140

402

213

298

189

252

161

1

148

229

485

-149

-40

-23

-50

12

119

43

108

Net cash provided by operating activities

16,864

13,348

30,931

26,703

1,068

20,281

21,155

19,182

9,218

16,240

24,163

19,497

4,936

21,443

25,159

24,216

10,341

16,039

16,163

17,057

3,751

16,685

11,878

15,919

6,800

9,497

11,678

18,422

1,256

7,063

11,353

6,868

3,105

13,457

10,731

6,925

-511

Cash flows from investing activities:
Purchases of property and equipment

1,060

770

652

1,347

1,484

1,410

1,589

1,538

873

1,452

924

1,466

929

1,719

1,179

1,263

1,485

1,197

1,053

1,527

677

1,392

1,335

1,734

919

2,772

1,687

1,256

1,002

1,402

8,710

1,452

1,212

2,246

1,317

1,339

1,234

Asset acquisition

0

0

0

1,743

1,743

0

3,555

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of property and equipment

-

-

-

-

-

-

-

-

-

0

0

1

6

2

0

4

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capitalized software development costs

2,192

1,992

2,072

2,190

2,417

2,797

2,280

1,863

1,640

933

940

817

875

814

620

599

543

368

85

251

288

407

414

332

325

410

349

350

380

163

201

212

137

131

127

111

81

Net cash used in investing activities

-3,252

-2,762

-2,724

-15,280

-5,644

-4,207

-7,424

-3,401

-2,513

-2,385

-1,864

-2,282

-1,798

-2,531

-1,799

-1,858

-2,026

-1,564

-1,135

-1,778

-965

-1,800

-1,749

-2,066

-1,244

-3,166

-2,036

-1,606

-1,382

-1,565

-8,911

-1,664

-1,349

-2,370

-1,444

-1,450

-1,315

Cash flows from financing activities:
Cash dividends on common stock

6,105

5,415

5,416

5,416

5,402

5,383

5,383

5,385

5,370

5,350

5,351

5,350

5,342

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from employee common stock purchases

1,509

0

0

0

1,443

0

0

0

1,382

0

0

0

1,330

0

0

0

1,114

0

0

0

1,131

-0

0

0

1,107

0

0

0

904

0

0

0

806

-0

0

0

652

Shares surrendered upon vesting of restricted stock to satisfy tax withholdings

1,865

-5,440

49

28

2,609

-2,438

44

33

1,132

-5,327

37

40

2,574

-4,242

32

39

2,034

-2,074

4

28

204

119

168

207

690

-32

599

155

581

154

427

73

697

17

480

529

483

Repurchase of shares

3,944

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-10,405

-5,483

-5,465

-5,444

-6,568

-5,403

-5,427

-5,418

-5,120

-5,375

-5,388

-5,390

-6,586

-43,333

-32

-39

-920

-38,530

4

28

1,335

-32,857

168

207

1,797

-23,014

599

155

1,485

-16,183

427

73

1,503

-16,214

480

529

1,135

Net increase (decrease) in cash

3,207

5,103

22,742

5,979

-11,144

10,671

8,304

10,363

1,585

8,480

16,911

11,825

-3,448

-24,421

23,328

22,319

7,395

-24,055

15,032

15,307

4,121

-17,972

10,297

14,060

7,353

-16,683

10,241

16,971

1,359

-10,685

2,869

5,277

3,259

-5,127

9,767

6,004

-691

Non-cash investing activities:
Capital expenditures accrued but not yet paid

-

-

-

-

-

-

-

-

-

767

5

-93

176

273

-27

4

23

-86

-44

4

126

27

25

-139

189

180

-81

-42

128

-

-

-

-

-

-

-

-

Cash payments:
Income taxes paid, net

4,391

3,752

5,358

3,288

3,637

501

4,323

4,465

4,418

2,813

6,085

9,254

3,151

2,579

3,327

7,088

6,853

7,713

6,436

6,659

6,414

4,395

6,827

7,305

6,532

3,195

6,550

3,193

3,001

2,253

3,205

4,617

4,032

2,081

2,500

4,145

3,000

Cash dividends on common stock previously restricted for payment of dividend

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

36,456

-

-

-

-

0

0

0

22,982

-

-

-

-

-0

0

0

16,231

-

-

-

-