Nic inc (EGOV)
CashFlow / TTM
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

50,791

50,430

50,320

51,711

54,263

58,269

59,262

57,380

53,137

51,614

54,417

56,632

56,924

55,833

51,175

47,690

45,932

41,979

41,286

38,897

38,623

39,058

36,947

31,679

31,457

32,038

34,479

35,381

30,667

26,338

23,238

24,075

23,515

22,942

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Depreciation & amortization

13,671

12,610

11,541

10,458

9,473

9,117

8,469

7,838

7,381

6,929

6,786

6,650

6,698

6,749

6,747

7,189

7,757

8,385

9,070

9,246

9,219

9,177

8,931

8,784

8,556

8,333

8,503

7,964

7,234

6,518

5,773

5,334

5,125

4,898

0

0

0

Stock-based compensation expense

5,816

6,769

6,600

6,954

7,099

6,338

6,134

5,373

5,501

5,464

5,890

6,170

5,849

5,997

5,458

5,650

5,904

6,441

6,920

7,485

7,262

6,103

5,326

4,362

4,147

4,025

3,960

4,022

3,957

3,802

4,201

4,001

3,941

4,509

0

0

0

Deferred income taxes

1,209

1,682

1,869

1,810

1,839

1,448

1,960

1,458

1,413

1,640

220

-141

-567

-886

1,407

888

111

-1,918

-2,142

-2,158

-1,657

-897

-2,390

-1,743

-1,207

-1,069

-1,487

378

326

734

2,351

750

823

788

0

0

0

Provision (recoveries) for losses on accounts receivable

1,315

782

911

361

782

852

455

516

11

552

561

544

543

142

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-98

-53

-75

-97

-174

-181

-158

-136

-51

-32

-36

-34

-16

-30

-40

-40

-37

0

0

0

Excess tax benefits related to stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-590

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-11,332

4,826

7,641

20,269

27,095

-22,182

15,589

13,925

3,411

21,769

2,305

2,448

5,197

2,501

3,719

1,235

11,679

23,184

16,722

15,264

6,206

4,649

957

-3,169

900

2,786

11,893

14,740

17,998

6,214

10,993

9,539

7,972

7,560

0

0

0

Prepaid expenses & other current assets

3,437

-789

-892

-413

457

887

2,080

630

1,905

-2,191

-2,670

-2,370

-1,389

2,449

6,621

5,112

2,854

1,082

-1,444

440

1,778

-67

-2,909

1,690

-153

927

-147

-3,800

-779

1,918

1,970

-891

-1,594

-1,308

0

0

0

Other assets

-4,058

-4,430

-4,917

-3,739

-2,621

-1,810

-232

-260

-242

1,509

1,535

1,532

1,524

51

24

14

2

-20

81

106

120

156

93

77

70

37

6

8

8

8

5

12

13

0

0

0

0

Accounts payable

7,956

3,593

8,855

14,248

11,311

-28,828

8,593

10,744

5,327

15,669

-3,980

-4,015

5,720

12,119

16,089

7,282

9,424

19,730

13,757

9,668

1,255

2,326

-4,283

-2,353

2,646

-4,502

-1,916

28

1,415

-1,374

13,149

8,748

5,424

3,439

0

0

0

Accrued expenses

149

1,788

2,235

603

826

-2,351

-2,178

-871

-271

2,251

3,896

2,380

1,960

2,136

1,718

1,712

2,532

1,234

-495

-1,027

-1,183

-3,450

-5,691

-3,330

-4,912

-586

538

-772

-396

397

-1,092

-317

1,399

-92

0

0

0

Other current liabilities

2,126

1,132

3,222

1,503

1,389

1,262

-46

-331

669

522

1,058

1,028

456

553

282

497

384

-305

-208

1,892

1,768

2,627

2,507

-855

622

222

336

1,381

78

101

-242

-184

-99

-265

0

0

0

Other long-term liabilities

-7,229

-7,218

-4,826

-2,412

-453

536

578

981

975

1,233

2,145

3,167

3,099

2,903

1,998

1,040

1,083

909

773

1,102

952

900

603

562

539

863

712

524

272

-262

-100

58

124

282

0

0

0

Net cash provided by operating activities

87,846

72,050

78,983

69,207

61,686

69,836

65,795

68,803

69,118

64,836

70,039

71,035

75,754

81,159

75,755

66,759

59,600

53,010

53,656

49,371

48,233

51,282

44,094

43,894

46,397

40,853

38,419

38,094

26,540

28,389

34,783

34,161

34,218

30,602

0

0

0

Cash flows from investing activities:
Purchases of property and equipment

3,829

4,253

4,893

5,830

6,021

5,410

5,452

4,787

4,715

4,771

5,038

5,293

5,090

5,646

5,124

4,998

5,262

4,454

4,649

4,931

5,138

5,380

6,760

7,112

6,634

6,717

5,347

12,370

12,566

12,776

13,620

6,227

6,114

6,136

0

0

0

Asset acquisition

1,743

3,486

3,486

7,041

5,298

3,555

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of property and equipment

-

-

-

-

-

-

-

-

-

7

9

9

12

8

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capitalized software development costs

8,446

8,671

9,476

9,684

9,357

8,580

6,716

5,376

4,330

3,565

3,446

3,126

2,908

2,576

2,130

1,595

1,247

992

1,031

1,360

1,441

1,478

1,481

1,416

1,434

1,489

1,242

1,094

956

713

681

607

506

450

0

0

0

Net cash used in investing activities

-24,018

-26,410

-27,855

-32,555

-20,676

-17,545

-15,723

-10,163

-9,044

-8,329

-8,475

-8,410

-7,986

-8,214

-7,247

-6,583

-6,503

-5,442

-5,678

-6,292

-6,580

-6,859

-8,225

-8,512

-8,052

-8,190

-6,589

-13,464

-13,522

-13,489

-14,294

-6,827

-6,613

-6,579

0

0

0

Cash flows from financing activities:
Cash dividends on common stock

22,352

21,649

21,617

21,584

21,553

21,521

21,488

21,456

21,421

21,393

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from employee common stock purchases

1,509

1,443

1,443

1,443

1,443

1,382

1,382

1,382

1,382

1,330

1,330

1,330

1,330

1,114

1,114

1,114

1,114

1,131

1,130

1,130

1,130

1,106

1,107

1,107

1,107

904

904

904

904

806

805

805

805

651

0

0

0

Shares surrendered upon vesting of restricted stock to satisfy tax withholdings

-3,498

-2,754

248

243

248

-1,229

-4,118

-4,125

-4,118

-2,676

-1,591

-1,596

-1,597

-2,137

31

3

-8

-1,838

355

519

698

1,184

1,032

1,463

1,411

1,302

1,489

1,317

1,235

1,351

1,214

1,267

1,723

1,509

0

0

0

Repurchase of shares

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-26,797

-22,960

-22,880

-22,842

-22,816

-21,368

-21,340

-21,301

-21,273

-22,739

-60,697

-55,341

-49,990

-44,324

-39,521

-39,485

-39,418

-37,163

-31,490

-31,326

-31,147

-30,685

-20,842

-20,411

-20,463

-20,775

-13,944

-14,116

-14,198

-14,180

-14,211

-14,158

-13,702

-14,070

0

0

0

Net increase (decrease) in cash

37,031

22,680

28,248

13,810

18,194

30,923

28,732

37,339

38,801

33,768

867

7,284

17,778

28,621

28,987

20,691

13,679

10,405

16,487

11,752

10,505

13,737

15,026

14,970

17,881

11,887

17,885

10,513

-1,180

719

6,277

13,175

13,902

9,952

0

0

0

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

-

-

-

-

-

-

-

-

-

855

361

329

426

273

-86

-103

-103

0

113

182

39

102

255

149

246

185

0

0

0

-

-

-

-

-

-

-

-

Cash payments:
Income taxes paid, net

16,789

16,035

12,784

11,749

12,926

13,707

16,019

17,781

22,570

21,303

21,069

18,311

16,145

19,847

24,981

28,090

27,661

27,222

23,904

24,295

24,941

25,059

23,859

23,582

19,470

15,939

14,997

11,652

13,076

14,107

13,935

13,230

12,758

11,726

0

0

0

Cash dividends on common stock previously restricted for payment of dividend

-

-

-

-

-

-

-

-

-

-

-

-

-

36,456

0

0

0

-

-

-

-

22,982

0

0

0

-

-

-

-

16,230

0

0

0

-

-

-

-