Exponent, inc. (EXPO)
CashFlow / TTM
Apr'20Jan'20Sep'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

86,030

82,460

79,375

77,195

74,626

72,254

52,513

49,703

45,069

41,305

55,398

52,044

48,706

47,480

46,942

47,372

48,616

43,599

42,992

42,313

41,880

40,701

40,180

40,234

39,818

38,640

38,390

37,521

37,000

37,225

36,484

35,003

32,893

32,695

0

0

0

Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization of property, equipment and leasehold improvements

7,002

6,806

6,486

6,375

6,327

6,292

6,233

6,239

6,274

6,285

6,384

6,399

6,294

6,131

5,954

5,701

5,501

5,479

5,459

5,476

5,463

5,404

5,263

5,200

5,124

4,951

4,919

4,769

4,716

4,711

4,613

4,605

4,491

4,411

0

0

0

Amortization of premiums and accretion of discounts on short-term investments

444

516

505

393

246

114

0

0

0

-

-

-

-

-2

-87

-214

-404

-595

-740

-837

-873

-885

-835

-646

-486

-340

-297

-408

-494

-560

0

0

0

-

-

-

-

Deferred rent expense

-

-

-

-

-

-175

763

720

417

362

-324

-361

-359

-340

-315

-242

-30

-65

-183

-148

-319

-273

-254

-274

640

800

870

840

-160

-310

-321

-385

-397

-417

0

0

0

Provision for contract losses and doubtful accounts

3,819

2,224

2,635

2,852

2,075

1,848

2,208

2,483

2,609

2,506

2,421

2,126

2,476

2,452

1,832

1,551

973

929

1,269

1,399

1,859

1,718

2,117

2,060

1,819

1,705

1,281

1,602

1,600

1,763

2,067

1,875

1,749

1,987

0

0

0

Stock-based compensation

17,873

17,466

16,973

16,701

16,435

16,993

17,032

17,001

16,789

16,155

15,402

14,591

13,768

13,333

13,082

12,986

12,958

12,959

13,030

13,106

13,007

13,079

12,921

12,712

13,170

13,168

13,278

13,525

13,212

12,378

12,064

11,590

10,982

10,340

0

0

0

Deferred income tax provision

-1,392

-2,845

-2,876

-2,477

-2,739

-3,715

9,697

9,190

10,545

11,786

-1,739

-1,809

-1,746

-2,602

-4,242

-2,332

-2,319

-3,827

-900

-3,252

-4,691

-6,077

-6,674

-5,602

-5,468

-3,398

-4,184

-4,204

-4,848

-4,194

-2,829

-2,828

-2,351

-3,663

0

0

0

Excess tax benefit for equity incentive plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,396

4,957

4,496

5,032

5,100

5,329

5,550

4,992

4,267

5,250

5,183

5,287

3,948

2,924

2,723

2,690

2,378

0

0

0

Changes in operating assets and liabilities:
Accounts receivable

12,167

16,548

8,057

16,055

3,700

-2,438

316

11,571

23,502

25,197

32,932

17,261

3,910

1,284

1,956

317

7,809

3,138

6,348

9,147

4,989

11,106

9,029

1,409

6,213

-6,676

-4,897

9,186

8,051

14,059

17,851

4,000

-4,439

3,018

0

0

0

Prepaid expenses and other current assets

5,473

3,343

7,652

8,254

15,958

11,047

7,181

5,051

-321

-2,867

-793

-7,965

4,300

598

1,127

5,972

1,540

-421

1,237

777

-2,357

5,320

3,975

4,449

6,463

4,596

2,028

9,880

8,740

3,379

4,761

2,286

6,161

1,929

0

0

0

Change in operating leases

77

-205

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued liabilities

2,938

6,715

2,091

5,244

-6,782

-4,620

-1,575

2,038

7,810

5,984

4,639

2,274

1,933

-370

2,423

885

865

7,718

4,064

4,755

2,528

6,142

9,837

9,549

10,929

3,002

279

2,434

4,059

7,374

6,797

2,717

1,335

-997

0

0

0

Accrued payroll and employee benefits

4,251

11,891

7,863

6,241

5,726

9,820

8,187

7,455

5,939

5,831

4,453

2,826

2,373

2,920

2,448

2,373

2,712

2,639

2,513

3,325

4,565

6,744

8,465

3,813

10,228

4,665

7,123

9,912

10,440

9,667

8,349

8,593

6,578

9,404

0

0

0

Deferred revenues

4,117

3,544

36

543

-345

864

1,088

1,405

1,767

678

2,186

810

-366

-178

-302

-95

735

-424

44

-1,049

-1,428

1,455

-307

-808

1,776

106

817

2,924

287

717

554

-11

-210

-183

0

0

0

Net cash used in operating activities

106,477

108,059

96,655

88,091

75,243

91,188

87,700

78,563

73,314

67,838

56,676

69,592

64,849

66,946

63,413

60,214

59,101

60,489

56,486

52,342

56,073

48,252

54,050

56,122

60,854

61,792

60,689

45,482

44,722

48,505

42,815

52,726

51,147

46,596

0

0

0

Cash flows from investing activities:
Capital expenditures

18,661

23,038

21,152

19,843

15,158

16,298

13,541

11,148

10,228

4,725

4,684

13,537

14,219

14,393

14,087

7,047

6,233

5,379

5,396

4,685

4,659

4,947

5,539

4,501

5,182

6,226

6,110

6,701

5,607

4,942

4,622

4,110

4,328

3,835

0

0

0

Purchase of short-term investments

-

38,693

53,427

71,276

64,436

52,522

45,788

35,936

31,931

28,997

35,997

40,000

48,000

51,000

63,946

63,946

55,946

43,946

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

26,599

0

0

0

Maturity of short-term investments

62,000

66,000

59,000

58,000

48,000

43,000

40,000

32,000

24,000

16,000

12,000

16,500

36,500

37,950

38,685

33,185

20,420

22,290

17,611

20,011

13,822

11,642

7,586

7,086

9,090

19,190

20,225

17,660

15,010

3,770

0

0

0

-

-

-

-

Net cash provided by (used in) investing activities

28,494

4,269

-15,579

-33,119

-31,594

-25,820

-19,329

-15,084

-18,159

-17,722

-28,681

-37,037

-25,719

-27,443

-39,348

-37,808

-41,759

-27,035

-6,978

8,133

4,903

2,435

-19,051

-30,326

-27,936

-18,880

2,302

10,959

9,406

-1,169

-1,884

-3,645

-27,509

-29,354

0

0

0

Cash flows from financing activities:
Excess tax benefit for equity incentive plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,396

4,957

4,496

5,032

5,100

5,329

5,550

4,992

4,267

5,250

5,183

5,287

3,948

2,924

2,723

2,690

2,378

0

0

0

Payroll taxes for restricted stock units

15,101

11,183

11,183

11,385

11,396

8,839

8,839

8,637

8,640

9,520

9,520

9,592

9,589

7,685

7,685

7,694

7,711

7,365

7,365

7,373

7,356

6,356

6,646

6,557

6,550

6,402

6,112

6,170

6,167

3,531

3,585

3,527

3,537

3,527

0

0

0

Repurchase of common stock

0

-

-

-

-

-

-

-

-

11,931

8,431

27,002

22,260

24,456

27,956

20,768

23,314

23,314

24,363

23,542

27,590

30,921

30,172

22,276

20,860

25,519

25,169

22,057

30,857

22,887

21,459

35,949

36,967

40,573

0

0

0

Exercise of stock-based payment awards

4,002

3,229

2,378

1,627

1,536

1,474

1,357

2,079

2,048

2,025

1,990

1,165

1,738

1,756

2,966

3,612

3,030

3,014

1,843

1,198

2,067

2,107

2,126

2,469

1,529

1,812

3,037

3,009

3,135

3,611

3,301

2,969

2,806

2,378

0

0

0

Dividends and dividend equivalents rights

35,218

33,503

31,946

30,387

28,854

27,220

25,913

24,572

23,420

21,835

21,026

20,261

19,527

18,781

18,041

17,155

16,252

15,647

14,996

14,485

13,771

13,058

11,807

10,540

9,268

7,927

5,962

3,967

1,969

0

0

0

0

-

-

-

-

Net cash used in financing activities

-108,323

-63,414

-68,666

-68,060

-66,629

-62,500

-36,895

-36,057

-40,639

-41,261

-36,987

-55,690

-49,638

-49,166

-49,303

-40,095

-42,282

-36,916

-39,924

-39,706

-41,618

-43,128

-41,170

-31,354

-30,157

-33,769

-28,956

-24,002

-30,571

-18,859

-18,819

-33,784

-35,008

-39,344

0

0

0

Effect of foreign currency exchange rates on cash and cash equivalents

-134

463

-544

-233

-1,092

-603

-308

118

1,550

972

376

-175

-941

-1,121

-794

-695

-183

-277

-741

-1,737

-1,321

-1,017

38

1,809

1,359

537

59

-236

-576

352

296

-309

-24

-8

0

0

0

Net decrease in cash and cash equivalents

26,514

49,377

11,866

-13,321

-24,072

2,265

31,168

27,540

16,066

9,827

-8,616

-23,310

-11,449

-10,784

-26,032

-18,384

-25,123

-3,739

8,843

19,032

18,037

6,542

-6,133

-3,749

4,120

9,680

34,094

32,203

22,981

28,829

22,408

14,988

-11,394

-22,110

0

0

0