Fti consulting, inc (FCN)
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'11Dec'10Sep'10Jun'10Mar'10
Operating activities
Operating activities
Net Income (Loss) Attributable to Parent

56,747

29,061

60,422

64,598

62,645

23,724

44,333

43,609

38,945

66,888

32,214

-5,156

14,016

7,101

21,691

26,547

30,181

10,349

10,309

21,709

23,686

921

22,522

17,247

18,117

-7,139

-50,621

23,486

23,680

-85,877

22,713

7,747

18,431

39,881

29,439

15,325

19,258

8,855

17,878

25,066

14,185

Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization

7,823

7,769

8,080

7,238

7,066

6,988

8,295

8,488

7,765

7,409

7,470

7,727

8,571

13,341

9,310

8,078

7,971

8,823

7,458

7,303

7,808

8,808

8,180

9,553

8,585

8,420

8,196

8,016

8,006

7,444

8,026

10,953

7,496

7,074

7,420

7,143

6,945

7,017

8,956

7,658

7,703

Amortization and impairment of other intangible assets

2,331

2,314

2,125

1,852

1,861

1,865

1,975

2,052

2,270

2,766

2,882

2,422

2,493

2,265

2,845

2,590

2,606

2,807

2,900

3,007

3,012

4,055

3,398

3,452

4,616

5,661

5,776

5,953

5,564

5,638

5,762

5,669

5,517

-

-

-

5,454

29,437

6,286

5,852

6,091

Acquisition-related contingent consideration

506

1,655

531

93

93

124

123

-164

396

744

375

777

395

623

201

206

1,134

-55

159

-1,538

234

-85

257

-5

-1,843

-4,778

630

-7,452

731

-483

403

-2,427

-557

-3,927

-943

-799

-796

-

-

-

-

Provision for doubtful accounts

3,900

6,000

7,300

2,500

3,800

5,900

3,300

3,000

5,700

4,890

4,539

2,420

3,551

2,997

1,559

3,907

437

5,200

3,793

3,573

2,998

6,356

3,225

4,229

4,442

2,931

2,926

3,384

4,094

4,792

2,360

2,458

4,569

3,103

3,715

3,195

2,573

3,541

2,561

1,608

3,010

Share-based compensation

7,454

3,918

3,853

3,814

6,393

3,358

3,656

3,887

4,676

3,142

2,929

2,678

7,281

3,539

3,714

3,509

6,158

3,595

3,775

3,845

6,736

3,918

3,736

5,691

9,503

12,585

5,498

6,991

10,055

4,896

6,660

7,252

10,553

8,309

6,760

11,903

10,380

10,041

10,554

7,257

7,394

Amortization of debt discount and issuance costs

2,978

2,949

2,918

2,888

2,860

2,852

1,611

496

497

495

497

484

508

496

497

495

497

492

686

672

671

671

672

673

675

675

675

679

670

5,319

618

1,954

1,933

2,117

2,132

2,097

2,093

2,538

6,533

1,799

1,800

Excess tax benefits from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

55

-

74

81

43

-557

136

-129

754

Deferred income taxes

545

-

-

-

8,752

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

0

-54

-23

-267

42

-18

47

-704

-94

-

-

-

-

45

520

558

81

86

451

91

132

164

-10

-75

443

1,296

89

62

135

498

60

3

-73

1,509

695

-522

386

-936

769

161

-476

Changes in operating assets and liabilities, net of effects from acquisitions:
Accounts receivable, billed and unbilled

60,963

-49,750

4,790

91,108

95,746

-58,335

31,070

37,622

61,677

-21,809

-5,460

25,611

52,489

-70,789

9,817

5,454

52,047

-48,763

13,701

29,380

41,330

-64,775

-7,940

44,313

71,474

-15,976

13,439

11,116

47,711

-58,775

12,276

28,194

21,996

-35,954

30,995

53,436

45,701

-15,964

-50

2,604

32,291

Notes receivable

-7,051

-7,924

5,822

1,310

-9,653

-6,328

1,555

-1,592

-2,622

-6,479

-6,208

4,912

-7,153

-6,819

-966

8,493

-3,853

-3,440

-6,292

5,623

1,003

-13

-4,293

-3,529

26,088

-2,100

-1,469

10,886

227

4,998

-3,102

9,353

14,481

-1,133

276

-8,239

12,877

2,068

2,302

2,818

14,971

Prepaid expenses and other assets

-9,442

16,831

3,864

7,932

-5,979

2,084

-3,977

3,773

378

306

12

-394

-553

-735

2,632

4,767

-3,824

-839

-724

8,703

-3,583

-3,634

1,761

3,067

-11,927

4,471

828

2,016

-531

-1,806

-662

-3,372

7,735

-7,603

-2,223

1,777

4,116

858

-4,234

9,066

-6,826

Accounts payable, accrued expenses and other

11,136

-1,575

4,274

-11,156

-450

-7,242

15,798

-8,996

9,348

-12,402

18,710

-2,174

287

-7,632

8,968

-3,687

5,619

-14,876

12,593

-18,394

15,959

-9,558

7,893

-16,170

18,815

-8,317

18,176

-17,957

16,603

-18,066

6,824

-18,910

17,694

-3,017

14,262

-16,270

16,497

9,491

-2,142

-9,647

20,909

Income taxes

-667

-6,281

6,353

21,890

2,534

-37,812

15,779

-337

13,480

16,935

5,789

-563

3,650

-6,192

-1,125

11,768

17,561

3,120

-1,087

10,934

5,524

6,968

3,483

5,516

-684

-5,026

-1,751

11,803

2,937

-1,221

11,513

-1,481

-15,627

21,166

9,660

-3,217

-5,382

1,869

10,503

8,843

-13,182

Accrued compensation

-176,070

56,183

60,339

68,077

-123,260

45,303

65,754

33,954

-92,501

35,918

30,408

28,030

-92,561

35,864

33,004

36,993

-65,511

24,298

21,069

34,400

-74,987

28,064

30,460

46,155

-93,573

69,719

23,665

18,395

-28,862

12,660

9,347

23,998

-67,079

16,975

17,005

41,168

-37,075

13,545

14,483

12,692

-31,363

Billings in excess of services provided

4,253

1,792

-10,430

-5,287

5,792

6,819

2,018

-12,309

-413

20,104

-11,291

4,129

3,505

-8,799

2,281

2,598

4,699

-92

-74

-1,112

-4,092

-3,454

3,275

1,126

6,630

2,425

402

-7,545

1,760

5,990

5,258

-1,443

2,329

-8,580

-7,690

6,037

1,615

-1,959

-4,316

2,288

-2,144

Net cash used in operating activities

-123,562

141,020

131,304

47,648

-102,086

144,400

120,857

34,615

-69,200

123,592

106,233

10,887

-93,087

121,913

70,942

73,732

-33,099

96,617

74,034

20,602

-51,333

114,922

97,583

33,691

-110,795

89,465

84,437

21,673

-2,304

106,564

70,912

533

-57,821

126,980

59,672

26,373

-39,197

99,188

73,911

49,218

-27,263

Investing activities
Investing activities
Payments for acquisition of businesses, net of cash received

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,783

73

0

15,611

14,732

254

25,836

14,676

36,440

4,903

2,955

18,595

0

11,458

9,046

41,842

2,813

37,439

5,290

17,544

Purchases of property and equipment

8,236

15,046

6,365

10,508

10,153

4,429

11,621

8,540

7,680

11,983

6,894

7,296

5,831

6,080

10,872

5,621

6,362

6,725

7,141

8,657

8,876

7,459

10,019

6,599

15,179

19,550

8,864

6,807

7,323

7,225

6,806

8,972

4,756

6,496

11,890

7,752

4,953

7,767

3,201

6,464

5,168

Proceeds from sale or maturity of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

15,000

Other

-8

-202

14

3

-72

10

-52

-662

-27

-221

-2

55

-127

20

22

-62

-34

-143

-30

7

-71

-5,059

-75

-4

10

5,073

-3

-9

-12

-1,351

1,198

-77

-16

84

-278

-78

483

-67

-8

-2,501

2,976

Net cash used in investing activities

-8,228

-14,844

-25,170

-10,511

-10,081

-4,439

38,714

-7,878

-7,653

-11,762

-15,821

-7,351

-5,704

-7,295

-10,894

-5,615

-6,328

-6,582

-7,110

-9,240

-8,805

-10,183

-10,017

-6,595

-30,800

-39,355

-9,115

-32,634

-21,987

-42,314

-12,907

-11,850

-23,335

-6,580

-23,070

-16,720

-47,278

-10,513

-40,632

-9,253

-10,688

Financing activities
Financing activities
Borrowings under revolving line of credit

55,000

45,000

-20,000

20,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,000

-

-

-

-

-

-

-

-

0

0

0

25,000

0

0

0

20,000

Repayments under revolving line of credit

5,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

20,000

Borrowings under revolving line of credit, net

-

-

-

-

-

-

-

-

45,000

-

-20,000

78,000

37,000

-

-

-

7,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of long-term debt and capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,818

156

27

6,030

65

872

19,295

189,987

-62

527

Deposits

-

-

-

-

-

-

-275

1,171

1,431

-

323

193

3,069

-

249

-33

2,590

821

-17

1,043

1,380

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase and retirement of common stock

49,135

27,848

11,056

45,010

21,883

26,518

15,000

0

14,220

12,809

52,772

65,595

36,918

18,586

0

0

2,903

-

-

-

-

0

0

0

4,367

17,994

20,011

0

28,758

-

-

-

-

0

0

0

209,400

-

-

-

-

Net issuance of common stock under equity compensation plans

-5,583

-5

2,167

1,614

-605

7,234

12,501

14,525

4,215

1,850

-1,854

312

-812

3,314

9,041

10,724

-1,371

2,735

5,269

4,631

4,031

4,801

2,663

-202

-2,490

23,184

4,963

2,580

-1,335

1,075

-317

193

647

11,906

-112

314

-999

-10,800

369

3,403

832

Payments for business acquisition liabilities

0

0

0

1,000

1,282

0

0

527

2,502

5,082

0

79

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

55

-

74

81

43

-557

136

-129

754

Deposits and other

3,870

-

-

-

1,003

-

-

-

-

-

-

-

-

4,980

511

-19

-135

812

450

-241

-85

-96

-145

-790

-101

1,063

-184

-516

-100

-2,579

-658

-954

-370

961

-52

-110

161

0

0

0

442

Net cash provided by (used in) financing activities

-848

-26,791

-29,368

-24,385

-22,767

-327,040

230,428

-54,831

33,924

-81,801

-74,303

12,831

2,339

-118,964

-15,199

3,672

5,181

-43,051

-200,580

2,343

5,326

4,820

-2,120

-9,412

13,042

6,232

-21,232

2,064

-30,193

-35,287

-98,821

-3,020

-1,118

16,644

-5,896

-23,410

-186,067

-34,169

173,184

3,336

1,501

Effect of exchange rate changes on cash and cash equivalents

-13,672

11,518

-7,402

-2,887

2,106

-6,719

-688

-7,394

5,012

1,971

3,341

1,185

1,253

-4,680

-2,330

-3,575

-1,063

-2,198

-1,358

988

-3,573

-4,657

-1,080

-277

-275

1,565

1,282

748

-1,598

894

1,763

-2,120

289

-851

-1,221

135

339

-1,118

1,465

-925

-1,544

Net decrease in cash and cash equivalents

-146,310

110,903

69,364

9,865

-132,828

-193,798

389,311

-35,488

-37,917

32,000

19,450

17,552

-95,199

-9,026

42,519

68,214

-35,309

44,786

-135,014

14,693

-58,385

104,902

84,366

17,407

-128,828

57,907

55,372

-8,149

-56,082

29,857

-39,053

-16,457

-81,985

136,193

29,485

-13,622

-272,203

53,388

207,928

42,376

-37,994

Supplemental cash flow disclosures
Cash paid for interest

3,136

342

3,797

17

3,450

8,259

408

11,933

1,087

10,861

-2,479

14,141

762

10,564

1,348

9,987

1,255

9,934

13,984

22,821

226

22,846

1,782

23,150

391

23,027

2,226

22,582

321

25,739

5,976

22,503

2,864

18,930

6,014

22,696

3,015

937

15,360

16,144

3,000

Cash paid for income taxes, net of refunds

16,588

21,056

13,065

8,176

8,644

25,244

4,187

14,449

1,688

-3,813

3,406

1,090

4,246

4,361

11,416

3,669

824

4,268

7,265

2,987

6,134

2,746

8,837

4,709

11,034

11,517

5,111

11,476

6,970

14,950

738

5,008

26,222

5,299

6,427

10,021

16,995

5,113

-272

6,520

21,876

Non-cash investing and financing activities:
Issuance of stock units under incentive compensation plans

2,314

0

67

0

1,346

0

0

0

1,059

0

0

0

1,547

0

0

0

1,842

0

0

0

2,124

0

0

42

1,632

0

0

180

2,825

0

0

0

3,079

0

0

0

4,241

-

-

0

6,531

Issuance of notes payable to acquire businesses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

35,000

0

4,772