FLEETCOR Technologies, Inc FLT Cash Flow

Fleetcor technologies, inc (FLT)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Operating activities
Net income
895,073	811,483	740,200	452,385	362,431	368,707	284,501	216,199	147,335	107,896	89,052
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation
62,800	52,900	46,600	36,456	30,462	21,097	16,885	14,116	11,451	11,261	9,648
Stock-based compensation
60,953	69,939	93,297	63,946	90,122	37,649	26,676	19,275	21,743	26,755	2,666
Provision for losses on accounts receivable
74,309	64,377	44,857	35,885	24,629	24,412	18,867	21,896	19,226	18,883	32,593
Amortization of deferred financing costs and discounts
5,106	5,342	6,952	7,582	7,049	2,796	3,276	2,279	1,864	2,016	1,842
Amortization of intangible assets and premium on receivables
211,426	221,673	217,961	161,635	159,740	86,149	49,313	32,376	19,590	17,205	13,900
Amortization of premium on receivables
-	-	-	5,165	3,250	3,259	3,263	3,265	3,266	3,263	3,257
Gain (Loss) on Extinguishment of Debt
0	-2,098	-3,296	0	0	-15,764	-	-	-2,669	-	-
Loss on write-off of fixed assets
1,819	8,793	0	0	-	-	-	-	-	-	-
Deferred income taxes
37,883	-2,750	-247,712	-28,681	30,626	41,716	-5,453	-3,337	-2,920	-3,952	4,395
Investment loss
-3,470	-7,147	-53,164	-36,356	-57,668	-8,586	-	-	-	-	-
Gain on sale of assets/business
0	152,750	174,983	0	0	-	-	-	-	-	-
Other non-cash operating income
1,297	186	61	690	4,242	27,501	-	-	-	-	-
Changes in operating assets and liabilities (net of acquisitions/dispositions):
Restricted cash
-	-	-	-	35,676	-6,625	-5,430	-2,088	-6,579	-5,639	-3,243
Accounts and other receivables
196,028	159,024	431,003	338,796	-40,017	-246,465	45,005	71,102	80,024	38,960	-2,345
Prepaid expenses and other current assets
185,391	27,650	-26,102	-5,301	12,564	-2,820	74	6,847	-17,581	3,506	-11,002
Other assets
6,792	25,432	20,957	20,345	2,524	-12,455	-38,906	46,553	1,935	-63	370
Excess tax benefits related to stock-based compensation
-	-	-	-	26,427	56,790	32,535	29,355	13,727	10,710	-
Accounts payable, accrued expenses and customer deposits
198,756	27,386	322,346	292,019	30,023	-185,875	11,635	-18,840	126,927	3,902	5,217
Net cash provided by operating activities
1,162,071	903,382	680,058	708,218	754,584	608,334	375,685	135,460	279,625	139,755	178,790
Investing activities
Acquisitions, net of cash acquired
448,277	20,843	705,257	1,331,985	49,069	2,395,778	728,343	190,447	333,763	10,022	231,097
Purchases of property and equipment
75,170	81,387	70,093	59,011	41,875	27,070	20,785	19,111	13,454	11,194	9,677
Proceeds from disposal of an asset/business
0	98,735	316,501	0	0	-	-	-	-	-	-
Other
255	22,775	38,953	-1,411	8,470	171,239	-	-	-	-	-
Net cash used in investing activities
-523,702	-26,270	-497,802	-1,389,585	-99,414	-2,594,087	-749,128	-209,558	-347,217	-21,216	-240,774
Financing activities
Excess tax benefits related to stock-based compensation
-	-	-	-	26,427	56,790	32,535	29,355	13,727	10,710	-
Proceeds from issuance of common stock
168,925	55,680	44,690	21,231	19,926	29,641	30,438	27,187	8,477	538	266
Net proceeds from initial public offering
-	-	-	-	-	-	-	-	-	9,560	-
Payment of dividends on convertible preferred stock
-	-	-	-	-	-	-	-	-	7,634	-
Repurchase of common stock
694,909	958,696	402,393	187,678	0	0	-	200,000	-	-	-
(Payments) borrowings on securitization facility, net
84,973	75,000	220,000	23,000	-61,000	326,000	51,000	18,000	136,000	-74,000	-
Deferred financing costs paid and debt discount
2,868	4,927	12,908	2,272	0	43,943	1,970	3,776	7,839	1,067	-
Proceeds from issuance of notes payable
700,000	363,430	780,656	600,000	0	2,320,000	-	250,000	300,000	-	-
Proceeds from issuance of convertible preferred stock, net
-	-	-	-	-	-	-	-	-	-	93,696
Principal payments on notes payable
138,500	498,305	423,156	118,500	103,500	546,875	28,125	30,414	338,965	24,634	21,658
Borrowings from revolver
1,811,509	1,493,091	1,100,000	1,225,107	-	-	-	455,000	125,000	-	-
Payments on revolver
2,292,349	1,099,040	1,031,722	786,849	-	-	-	480,000	-	-	-
(Payments) borrowings on swing line of credit, net
-	4,935	23,686	-	486,818	-	-	-	-	-	-
(Payments) borrowings on swing line of credit, net
52,996	-	-	26,606	0	-	-	-	-	-	-
Payments on acquired debt
-	-	-	-	-	-	164,083	-	-	-	-
Borrowings on swing line of credit, net
-	-	-	-	-546	4,990	-	-1,874	-	-	-
Payment of contingent consideration
-	-	-	-	42,177	0	-	-	-	-	-
Principal payments on other obligations
-	-	-	-	-	-	-	-	-	-	66
Other
52	887	457	-676	-377	-731	-14,380	-1,490	-179	-17	-
Net cash used in financing activities
-310,171	-577,815	251,938	753,969	-648,065	2,162,265	435,725	61,988	236,221	-86,544	72,238
Effect of foreign currency exchange rates on cash
-17,854	-65,274	52,906	-43,476	-37,022	-37,548	-7,826	10,600	1,726	-1,892	4,092
Net (decrease) increase in cash and cash equivalents and restricted cash
310,344	234,023	487,100	29,126	-29,917	138,964	54,456	-1,510	170,355	30,103	14,346
Supplemental cash flow information
Cash paid for interest
178,417	156,749	113,416	70,339	72,537	29,098	25,886	14,760	14,961	21,409	22,242
Cash paid for income taxes
200,525	207,504	392,192	101,951	83,380	79,124	99,308	38,169	49,205	45,998	28,094
Non cash investing activity, notes assumed in acquisitions
0	0	29,341	0	0	-	-	-	-	-	-
Adoption of new accounting guidance related to asset securitization facility
-	-	-	-	-	-	-	-	-	218,000	-
Non-cash issuance of preferred stock
-	-	-	-	-	-	-	-	-	-	8,000