Factset research systems inc. (FDS)
CashFlow / Quarterly
Feb'20Nov'19Aug'19May'19Feb'19Nov'18Aug'18May'18Feb'18Nov'17Aug'17May'17Feb'17Nov'16Aug'16May'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11May'11Feb'11Nov'10Aug'10May'10Feb'10Nov'09
CASH FLOWS FROM OPERATING ACTIVITIES
Net income

88,686

93,957

91,527

92,265

84,702

84,296

68,823

74,746

53,137

70,379

59,552

65,414

66,710

66,583

144,307

66,781

67,762

59,965

62,184

61,409

61,598

55,860

55,407

51,532

52,426

52,178

50,963

53,367

44,538

49,769

48,539

47,980

46,746

45,544

40,880

43,311

45,254

41,601

39,291

38,658

36,119

36,143

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

13,906

14,390

16,520

14,891

14,811

14,241

14,437

14,476

14,086

14,286

14,524

13,121

10,633

10,016

9,830

9,962

9,823

8,437

7,120

8,007

8,006

8,216

8,583

8,410

8,679

8,763

8,838

8,931

9,093

8,917

8,733

8,354

8,289

8,403

8,897

9,192

9,366

9,392

9,919

9,213

9,062

9,149

Stock-based compensation expense

8,214

9,814

8,265

7,995

7,705

8,435

8,275

7,821

7,939

7,481

13,310

7,262

7,226

6,385

7,360

7,406

8,565

6,462

9,259

6,075

5,760

5,277

5,466

6,809

5,500

5,116

8,138

5,440

21,170

5,203

4,908

5,149

6,045

5,880

10,421

4,975

6,700

3,677

3,826

4,142

3,140

2,957

Deferred income taxes

-3,533

6,624

3,572

-206

-1,777

689

2,758

2,086

-2,059

-875

3,950

-5,797

1,875

-4,907

-1,513

-2,283

1,656

-2,388

4,010

-344

-2,356

-341

-1,010

881

478

679

-1,150

-4,419

4,160

-1,766

611

3,058

148

-57

1,323

-792

124

1,151

210

2,188

3,750

-321

Loss on sale of assets

-145

0

-1

1

-15

-181

-122

7

-8

-17

-1,249

109

-142

0

-

-

-

-

17

13

28

-24

0

-2

41

23

19

5

0

2

-1

0

0

1

19

-1

3

1

203

-6

40

-157

Tax benefits from share-based payment arrangements

-

-

-

-

-

-

-

-

-

-

533

803

3,484

5,511

4,878

2,523

1,721

9,083

5,022

12,183

9,285

2,458

5,140

1,831

2,840

2,144

10,367

4,988

5,838

4,032

718

5,468

1,795

3,178

1,258

4,154

5,414

7,505

2,427

3,218

3,765

15,082

Changes in assets and liabilities, net of effects of acquisitions
Accounts receivable, net of reserves

22,710

-875

-7,093

-22,788

16,093

3,583

11,484

-19,374

19,818

-3,511

193

-1,688

21,013

9,985

-7,775

5,633

7,282

-1,599

3,141

-8,121

10,907

-1,627

4,298

-11,465

17,854

2,612

4,147

-16,575

6,914

4,655

6,248

-4,786

6,626

-10,171

7,467

-2,964

6,632

4,176

476

-9,698

2,795

2,544

Accounts payable and accrued expenses

-2,809

13,165

2,493

640

5,099

-10,522

8,654

3,276

-8,457

8,604

-3,774

-1,804

1,309

2,043

2,051

1,544

874

1,056

2,150

1,767

-342

4,548

-643

649

-2,593

-316

1,079

-2,762

2,187

2,851

-930

784

-2,684

2,839

2,226

-723

2,367

-3,155

-728

848

-5,510

4,082

Accrued compensation

22,262

-45,780

21,929

2,594

17,785

-44,051

26,364

2,966

16,789

-40,384

23,726

400

16,562

-34,261

5,770

8,371

12,893

-23,073

9,012

7,257

10,308

-23,061

9,321

8,581

5,264

-21,213

10,738

10,547

4,440

-26,501

7,106

9,711

8,225

-24,523

9,297

2,674

-51,940

32,087

15,462

7,065

13,006

-28,093

Deferred fees

17,258

-6,483

-4,368

-4,903

16,979

-7,250

-6,992

-5,071

21,629

-3,531

-2,867

1,486

4,270

-3,118

-2,996

2,783

3,501

-2,588

-5,898

3,327

4,320

-1,696

-1,115

2,249

2,554

-94

-3,989

945

1,527

410

-4,253

983

1,976

-1,279

-1,768

2,222

2,215

550

-2,300

-2,223

1,689

-4,925

Taxes payable, net of prepaid taxes

-28,798

16,616

-17,006

15,153

-24,874

7,489

1,731

8,762

9,765

7,401

1,796

-4,480

-3,225

13,786

9,957

5,175

-5,423

20,561

14,224

13,074

-20,528

23,667

2,532

11,023

-9,354

19,108

13,866

2,927

-17,004

13,709

1,116

6,465

-14,351

10,979

11,468

6,070

-8,143

10,992

5,478

11,541

2,142

16,620

Prepaid expenses and other assets

-

-

-

-

-

-

-

-

5,199

6,716

-

-4,422

1,177

2,805

1,243

566

2,182

-3,998

4,601

-1,742

653

1,011

-396

1,600

3,367

-3,036

-852

-481

1,841

-2,613

884

-895

995

-539

1,429

2,098

1,400

1,652

-437

2,603

-4,243

1,796

Deferred rent and other non-current liabilities

-

-

-

-

-

-

-

-

-659

845

-

8

451

-3,225

-2,862

-1,440

-8,117

-1,255

-2,449

-3,045

1,006

166

431

852

-2,891

3,280

1,919

645

1,279

-997

-275

258

311

611

317

305

565

-704

-

-

-

-

Other, net

18

-5,861

1,070

-8,142

8,672

2,227

846

10,705

51

-65

-1,802

132

-95

152

-175

147

132

-110

109

-130

27

0

-213

561

199

-299

-999

-1,357

-483

409

-35

-114

666

66

-532

406

656

-93

-1,024

-231

-955

309

Landlord contributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

213

Net cash provided by operating activities

99,669

95,791

121,812

159,770

99,234

46,320

106,326

125,653

92,546

61,143

100,215

92,254

76,945

51,113

70,036

96,878

93,139

71,087

83,600

102,102

49,572

71,168

71,301

94,995

40,588

58,139

76,182

96,589

46,402

50,636

57,069

76,437

43,705

54,754

70,140

64,515

50,297

22,184

70,251

70,696

44,898

25,235

CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, equipment and leasehold improvements, net of proceeds from dispositions

25,119

26,780

26,464

11,424

11,956

9,526

15,145

6,000

6,463

5,912

10,881

7,935

5,509

12,537

13,069

8,233

12,053

14,385

10,291

3,627

6,950

4,814

6,039

3,672

2,594

5,438

5,229

4,204

2,987

6,097

5,657

6,219

4,590

6,054

6,537

7,373

7,412

8,021

7,092

4,625

2,313

6,738

Acquisition of businesses and investments, net of cash and cash equivalents acquired

-

-

-

-

-

-

-

-

-

-

1,243

230,154

0

71,689

-1,178

0

0

264,087

1,202

3,423

30,133

0

0

-297

31,882

15,288

0

0

705

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of investments

-384

2,620

2,955

253

3,571

4,356

2,862

121

2,545

6,942

775

4,833

8,449

16,700

5,203

404

399

12,131

11,827

0

0

12,437

12,597

331

315

7,172

7,207

308

303

7,795

0

0

0

15,000

-

0

0

0

-

-

-

-

Proceeds from maturity or sale of investments

-1,942

-2,257

-2,862

-1,502

-3,468

-6,573

-2,587

0

-2,463

-7,409

0

-3,898

0

-19,501

-29,664

0

0

12,423

12,292

0

0

7,535

7,452

0

0

6,871

6,923

0

0

7,500

-

0

0

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-22,793

-27,143

-26,557

-10,175

-12,059

-7,309

-30,420

-6,121

-6,545

-5,445

-12,899

-239,024

-13,958

-81,425

140,861

-8,637

-12,452

-278,180

-11,028

-7,050

-37,083

-9,716

-11,184

-3,706

-34,791

-21,027

-5,513

-4,512

-3,995

-6,392

-26,986

-6,219

-4,590

-21,054

-6,537

-7,373

-7,412

-8,021

-62,272

-4,625

-2,313

-6,738

CASH FLOWS FROM FINANCING ACTIVITIES
Repurchases of common stock

74,172

84,423

62,078

47,555

46,021

64,718

68,086

121,963

82,200

31,706

46,212

48,339

81,567

84,860

164,005

77,128

71,356

44,339

78,661

71,239

55,778

50,539

74,675

58,970

86,122

60,062

144,102

49,056

110,769

28,241

66,529

27,317

45,063

14,732

83,633

57,806

49,038

26,107

39,327

46,382

54,989

52,118

Dividend payments

27,104

27,259

24,283

27,327

24,190

24,252

24,371

21,631

21,724

21,682

21,774

19,556

19,701

19,867

20,176

17,910

18,079

18,053

18,147

16,118

16,102

16,184

16,271

14,725

14,947

15,064

15,309

13,413

13,649

13,631

13,800

12,001

12,098

12,084

12,294

10,545

10,593

10,517

10,586

9,266

9,360

9,282

Purchase of business

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from debt

-

-

-

-

-

-

-

-

-

-

65,000

510,000

0

65,000

0

0

0

265,000

0

0

35,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

12

0

0

32

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from employee stock plans

33,760

16,727

28,125

35,564

29,397

13,965

14,081

8,745

26,652

22,132

7,886

7,434

18,040

16,685

18,006

11,997

6,823

20,025

19,674

17,459

27,012

7,381

25,353

9,918

7,397

9,484

33,526

59,705

18,204

13,102

6,271

13,633

6,423

7,420

5,143

9,975

7,816

20,145

8,070

8,869

9,782

28,529

Tax benefits from share-based payment arrangements

-

-

-

-

-

-

-

-

-

-

533

803

3,484

5,511

4,878

2,523

1,721

9,083

5,022

12,183

9,285

2,458

5,140

1,831

2,840

2,144

10,367

4,988

5,838

4,032

718

5,468

1,795

3,178

1,258

4,154

5,414

7,505

2,427

3,218

3,765

15,082

Other financing, net

-

-

-

-

-

-

-502

1,776

0

442

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used by financing activities

-69,102

-94,955

-58,236

-40,219

-40,814

-75,005

-78,878

-133,073

-77,272

-30,814

-59,568

149,905

-80,967

-17,531

-161,297

-80,518

-80,891

231,704

-72,112

-57,715

-615

-56,884

-60,453

-61,946

-90,832

-63,498

-115,518

2,224

-100,376

-24,738

-73,340

-20,217

-48,943

-16,218

-89,526

-54,222

-46,401

-8,974

-39,416

-43,561

-50,802

-17,789

Effect of exchange rate changes on cash and cash equivalents

-503

2,725

-1,180

-3,751

1,596

-2,251

-1,466

-7,026

2,966

2,318

5,225

3,272

43

-7,276

-8,629

4,543

-4,774

-3,377

559

-1,512

-5,039

-5,711

-2,144

725

-196

3,780

-1,363

-2,776

-1,429

2,162

3,771

-6,469

1,072

-5,413

-1,060

2,643

4,270

1,421

2,465

-2,392

-5,049

833

Net (decrease) increase in cash and cash equivalents

7,271

-23,582

35,839

105,625

47,957

-38,245

-4,438

-20,567

11,695

27,202

32,973

6,407

-17,937

-55,119

40,971

12,266

-4,978

21,234

1,019

35,825

6,835

-1,143

-2,480

30,068

-85,231

-22,606

-46,212

91,525

-59,398

21,668

-39,486

43,532

-8,756

12,069

-26,983

5,563

754

6,610

-28,972

20,118

-13,266

1,541