Evertec, inc. (EVTC)
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'12
Cash flows from operating activities
Net income

99,241

103,700

98,904

97,193

90,189

86,569

72,247

55,314

55,395

55,419

65,508

79,077

79,097

75,126

81,041

86,667

86,000

85,377

74,535

68,289

66,495

66,157

72,613

68,325

-14,383

-27,117

28,929

16,402

79,304

77,366

0

0

0

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

69,604

68,082

66,124

64,940

63,473

63,067

63,444

64,262

64,433

64,250

63,256

61,539

60,581

59,567

59,707

61,751

62,816

64,974

66,298

65,818

66,202

65,988

66,749

67,953

69,405

70,366

71,049

71,157

71,145

71,492

0

0

0

Amortization of debt issue costs and accretion of discount

3,194

2,988

2,162

2,790

3,461

4,316

4,710

4,999

5,133

5,128

5,197

4,885

4,845

4,334

3,806

3,647

3,275

3,329

3,267

3,177

3,132

3,094

3,084

3,074

3,209

3,905

4,479

5,033

5,387

5,091

0

0

0

Operating lease amortization

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for doubtful accounts and sundry losses

3,228

3,939

4,271

4,627

2,706

2,112

1,456

1,105

968

843

917

1,239

1,862

1,990

2,353

2,366

2,118

2,130

1,560

924

1,025

1,360

821

905

584

673

1,308

1,298

1,908

1,645

0

0

0

Deferred tax benefit

-6,589

-6,391

-6,074

-5,319

-4,341

-4,611

-702

-3,620

-3,971

-4,306

-8,474

-4,856

-5,277

-4,594

-3,382

-2,887

-3,127

-3,090

-4,381

-5,011

-3,040

-3,701

1,818

2,402

-4,613

-3,419

-68,629

-67,607

-65,840

-66,568

0

0

0

Share-based compensation

13,774

13,570

13,068

11,985

12,234

12,592

12,755

12,775

11,273

9,642

8,418

7,194

6,810

6,408

6,025

6,416

6,159

5,204

7,021

6,113

4,886

4,587

1,774

1,361

6,198

6,179

6,034

6,130

1,275

1,204

0

0

0

Unrealized gain on indemnification assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-863

-575

-546

-383

0

0

0

-

-

-

0

Amortization of a contract liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-703

0

0

0

Loss on disposition of property and equipment and other intangibles

-952

-893

-788

-743

-120

-109

-213

-265

-324

-430

-570

-507

-603

-453

-131

-264

-76

-143

-835

-671

-711

-734

-531

-570

-584

-538

-1,639

-1,656

-1,702

-1,671

0

0

0

Earnings of equity method investment

1,016

900

814

681

723

700

799

716

656

600

419

307

221

-52

-107

-153

-98

147

431

675

934

1,140

1,017

974

979

935

1,284

614

775

564

0

0

0

(Increase) decrease in assets:
Accounts receivable, net

83

7,851

11,642

13,608

7,405

18,181

7,609

2,241

10,033

2,099

4,495

4,406

1,422

2,583

869

3,704

-892

4,482

2,151

1,544

11,264

5,587

-4,920

-11,109

-9,711

-13,646

3,100

19,721

15,700

15,966

0

0

0

Prepaid expenses and other assets

5,280

8,770

6,717

5,508

4,129

3,911

4,697

2,217

3,247

4,048

1,616

4,521

6,500

1,426

6,399

1,427

178

146

-6,978

-2,641

-697

-65

1,245

-1,597

-461

-447

2,748

4,153

1,126

-2,257

0

0

0

Other long-term assets

1,669

1,750

5,602

7,159

5,873

4,432

73

-1,133

-774

-1,654

-820

-224

2,114

1,790

1,432

1,846

632

70

-1,067

-1,504

-2,906

-3,365

-3,044

-753

-565

1,381

0

0

0

-

-

-

-

Increase (decrease) in liabilities:
Accrued liabilities and accounts payable

-2,538

-215

12,897

6,958

2,623

16,057

4,583

-511

9,510

-870

1,781

12,172

7,379

14,594

10,651

7,891

9,219

15,947

12,414

1,458

2,772

-3,925

-8,352

-20,253

-34,873

-19,480

-23,161

3,193

9,677

6,800

0

0

0

Income tax payable

2,520

-596

-1,113

-1,955

2,720

5,245

939

1,206

709

-349

1,894

-216

-97

405

2,789

2,822

1,886

-606

-1,883

-1,720

-138

1,697

1,699

709

0

-2,700

-1,936

-999

-241

-424

0

0

0

Unearned income

7,825

11,504

6,084

7,923

9,130

7,021

11,529

7,420

8,025

8,444

6,047

9,566

9,863

8,018

7,384

3,205

2,298

2,207

1,664

2,248

3,081

3,571

4,612

5,133

4,807

3,966

2,856

2,126

1,028

266

0

0

0

Operating lease liabilities

-6,183

-6,055

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

1,244

1,191

5,843

5,544

4,286

4,438

2,444

587

775

811

2,258

3,834

3,966

3,747

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total adjustments

85,294

76,249

81,554

74,635

81,516

86,165

93,547

96,274

95,454

90,367

86,380

90,607

84,031

92,928

81,655

68,495

76,552

77,042

85,810

80,674

73,408

73,662

80,111

75,724

73,176

89,727

-1,684

10,365

6,468

5,298

0

0

0

Net cash provided by operating activities

184,535

179,949

180,458

171,828

171,705

172,734

165,794

151,588

150,849

145,786

151,888

169,684

163,128

168,054

162,696

155,162

162,552

162,419

160,345

148,963

139,903

139,819

152,724

144,049

58,793

62,610

27,245

26,767

85,772

82,664

0

0

0

Cash flows from investing activities
Net (increase) decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,264

1,340

1,139

6,100

7,420

1,066

2,176

285

1,030

212

420

494

390

-538

-681

-349

0

0

0

Additions to software

34,009

36,871

39,970

38,394

31,095

27,386

21,604

21,200

23,522

22,174

22,305

23,793

25,842

23,819

29,967

29,262

26,300

25,960

19,069

15,579

15,218

14,707

16,236

14,641

15,516

16,727

15,057

15,111

11,954

10,896

0

0

0

Acquisitions, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

15,600

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment acquired

21,288

23,002

26,307

22,721

14,847

13,933

12,625

12,642

12,773

11,290

12,719

14,918

19,945

18,450

19,395

21,390

21,159

21,022

19,078

15,652

10,439

10,898

11,775

11,203

10,936

11,692

16,453

15,831

16,338

16,613

0

0

0

Proceeds from sales of property and equipment

79

111

105

34

51

19

0

0

0

-

-

-

-

81

0

0

0

-

-

-

-

59

44

8

9

16

54

86

118

118

0

0

0

Net cash used in investing activities

-60,803

-65,347

-66,172

-61,081

-45,891

-41,300

-34,212

-76,657

-79,099

-76,268

-90,982

-52,515

-58,653

-57,788

-50,001

-57,896

-54,493

-53,068

-45,538

-32,230

-27,775

-25,831

-28,997

-26,048

-26,863

-28,897

-31,846

-30,318

-27,493

-27,042

0

0

0

Cash flows from financing activities
Statutory withholding taxes paid on share-based compensation

5,627

8,849

6,335

6,307

7,883

2,159

2,140

2,117

696

1,588

1,602

1,743

1,452

548

0

0

0

-

-

-

-

2,001

1,151

933

16,985

16,851

0

0

0

-

-

-

-

Net decrease in short-term borrowings

-

-

-

-

-

-12,000

-33,000

-48,000

-27,000

-16,000

17,000

28,000

12,000

11,000

-2,000

16,000

-5,000

-6,000

10,000

-19,000

-20,000

-27,000

16,663

23,000

44,332

36,000

0

0

0

-

-

-

-

Net proceeds under short-term borrowings

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of short-term borrowings for purchase of equipment and software

1,644

886

886

838

640

720

1,187

2,077

1,990

2,373

2,876

2,431

2,321

2,213

0

0

0

-

-

-

-

1,200

0

0

0

-

-

0

0

-

-

-

-

Dividends paid

10,803

14,420

14,461

14,500

10,890

7,273

3,636

7,239

14,498

21,762

29,086

29,255

29,479

29,696

29,971

30,343

30,604

30,921

31,134

31,221

31,318

31,359

0

0

0

-

-

-

0

-

-

-

-

Tax windfall benefits on share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,271

3,669

2,139

2,841

2,227

1,829

0

0

0

-

-

-

-

Issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

450

0

0

0

Repurchase of common stock

21,614

31,800

38,449

38,196

27,486

10,000

29

29

3,935

7,700

17,921

32,015

41,253

39,946

49,672

60,560

47,417

54,949

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of long-term debt

31,247

14,250

582,799

584,348

612,007

613,485

46,415

46,344

19,977

19,789

95,364

96,948

96,844

96,741

20,875

19,000

19,000

19,000

19,000

19,000

19,000

19,000

19,001

19,002

757,103

755,024

0

0

0

-

-

-

-

Credit amendment fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

95

194

256

224

0

0

0

-

-

-

-

Net cash used in financing activities

-85,957

-70,227

-102,348

-103,607

-103,324

-105,055

-86,378

-105,777

-68,067

-69,183

-58,916

-63,459

-92,003

-90,798

-108,111

-100,375

-104,450

-112,718

-103,422

-105,517

-106,730

-104,149

-122,671

-109,967

-39,026

-37,072

-17,551

-3,018

-107,441

-86,188

0

0

0

Effect of foreign exchange rate on cash, cash equivalents and restricted cash

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash, cash equivalents and restricted cash

38,603

44,375

11,938

7,140

22,490

26,379

45,204

-30,846

3,683

335

1,990

53,710

12,472

19,468

4,584

-3,109

3,609

-3,367

11,385

11,216

5,398

9,839

1,056

8,034

-7,096

-3,359

-22,152

-6,569

-49,162

-30,566

0

0

0

Supplemental disclosure of cash flow information:
Cash paid for interest

27,215

28,233

28,636

27,888

27,755

26,891

26,311

26,748

25,914

25,379

29,512

24,590

23,489

22,535

16,673

20,772

21,201

21,497

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for income taxes

17,290

18,703

15,135

15,116

12,172

9,750

9,587

9,533

9,638

9,930

11,335

8,998

9,403

8,697

5,937

6,896

3,722

5,682

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Operating cash flows from operating leases

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating cash flows from finance leases

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosure of non-cash activities:
Foreign currency translation adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

Payable due to vendor related to equipment and software acquired

3,211

2,622

2,694

5,195

317

317

-53

-963

-905

1,037

1,922

2,106

2,824

3,302

5,313

6,069

2,953

3,638

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-