FLEETCOR Technologies, Inc FLT Cash Flow

Fleetcor technologies, inc (FLT)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Operating activities
Net income
870,026	895,073	961,563	893,452	808,653	811,483	792,180	837,309	791,444	740,200	552,927	479,722	464,988	452,385	409,791	396,943	379,368	362,431	419,141	397,880	387,751	368,707	327,287	310,398	294,948	284,501	276,452	257,480	238,782	216,199	193,900	174,766	157,079	147,335	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation
63,456	62,800	61,119	58,507	55,635	52,900	49,678	50,040	48,330	46,600	45,846	41,738	39,147	36,456	33,227	31,677	30,940	30,462	29,258	26,520	23,794	21,097	19,503	18,504	17,655	16,885	16,447	15,882	15,028	14,116	12,805	12,208	11,845	11,451	0	0	0
Stock-based compensation
62,587	60,953	61,852	67,281	68,077	69,939	78,607	82,559	84,607	93,297	82,818	75,569	71,853	63,946	95,760	92,242	88,357	90,122	55,744	49,850	43,988	37,649	40,527	36,916	33,126	26,676	17,429	19,541	19,603	19,275	20,408	17,553	21,436	21,743	0	0	0
Provision for losses on accounts receivable
169,891	74,309	75,592	78,024	74,544	64,377	52,428	43,704	43,866	44,857	47,322	49,804	42,037	35,885	30,854	25,336	23,320	24,629	24,590	25,151	27,003	24,412	22,907	21,951	19,961	18,867	19,177	20,142	21,399	21,896	22,414	21,408	20,336	19,226	0	0	0
Amortization of deferred financing costs and discounts
5,255	5,106	5,048	5,092	5,208	5,342	5,576	5,830	6,377	6,952	7,425	7,731	7,674	7,582	7,322	7,183	7,127	7,049	6,492	5,251	4,009	2,796	2,441	2,745	3,047	3,276	3,117	2,821	2,529	2,279	2,109	2,072	1,908	1,864	0	0	0
Amortization of intangible assets and premium on receivables
207,801	211,426	211,776	214,307	214,881	221,673	228,268	228,146	224,412	217,961	208,077	200,415	186,927	161,635	152,140	145,668	147,302	159,740	150,467	129,853	107,677	86,149	73,515	66,556	58,563	49,313	40,867	37,258	34,122	32,376	28,665	24,760	22,266	19,590	0	0	0
Amortization of premium on receivables
-	-	-	-	-	-	-	-	-	-	6,216	5,914	5,719	5,165	4,498	3,962	3,427	3,250	3,253	3,256	3,258	3,259	3,260	3,261	3,261	3,263	3,264	3,264	3,265	3,265	3,265	3,265	3,266	3,266	0	0	0
Deferred income taxes
33,257	37,883	14,726	-61,160	-617	-2,750	-215,954	-221,525	-249,088	-247,712	-43,207	-52,093	-30,006	-28,681	34,700	62,272	47,236	30,626	15,356	-1,210	22,375	41,716	-2,209	-823	-3,838	-5,453	-10,362	-5,768	-4,332	-3,337	444	-2,322	-2,597	-2,920	0	0	0
Investment loss
9,819	-3,470	-15,660	-22,807	-22,807	-7,147	-7,814	-48,433	-50,787	-53,164	-91,100	-46,078	-36,540	-36,356	-41,495	-44,859	-57,161	-57,668	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-cash operating income
-239	1,297	1,824	1,661	1,703	186	152	165	118	61	49	244	475	690	2,456	3,916	4,032	4,242	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities (net of acquisitions/dispositions):
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	70,117	27,911	17,513	35,676	-6,213	-10,323	-10,801	-6,625	-7,873	-2,323	-2,507	-5,430	-2,178	-1,652	-7,862	-2,088	-5,213	-12,881	-9,110	-6,579	0	0	0
Accounts and other receivables
-262,419	196,028	-9,457	58,303	173,267	159,024	631,851	570,334	482,591	431,003	251,552	326,447	392,599	338,796	415,928	119,000	28,359	-40,017	-313,097	-210,604	-285,264	-246,465	-1,420	51,674	5,706	45,005	76,754	144,775	79,609	71,102	118,248	42,941	131,365	80,024	0	0	0
Prepaid expenses and other current assets
231,184	185,391	85,868	-944	59,080	27,650	-93,132	-24,440	-74,629	-26,102	80,056	8,841	9,066	-5,301	16,579	17,224	16,345	12,564	-8,580	-11,129	-11,626	-2,820	1,336	9,751	10,379	74	4,269	8,263	1,764	6,847	1,503	-24,997	-18,727	-17,581	0	0	0
Other assets
-4,679	6,792	32,088	27,300	32,848	25,432	25,501	21,325	25,385	20,957	26,608	26,033	11,322	20,345	8,342	8,925	12,385	2,524	-8,698	-9,883	-10,075	-12,455	-786	805	662	-38,906	-37,318	-35,037	-31,381	46,553	47,145	43,089	38,642	1,935	0	0	0
Excess tax benefits related to stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26,427	27,994	47,795	47,082	56,790	61,467	39,153	42,818	32,535	30,497	26,621	26,315	29,355	28,734	26,656	21,823	13,727	0	0	0
Accounts payable, accrued expenses and customer deposits
-155,800	198,756	-16,053	128,147	159,707	27,386	374,356	415,068	413,224	322,346	238,212	224,161	271,419	292,019	340,025	151,836	124,180	30,023	-202,211	-184,076	-265,391	-185,875	46,970	88,757	71,204	11,635	15,973	47,320	-26,247	-18,840	148,646	61,471	100,270	126,927	0	0	0
Net cash provided by operating activities
1,284,610	1,162,071	1,139,137	1,178,314	1,000,174	903,382	803,843	747,404	807,262	680,058	735,527	703,919	659,093	708,218	634,418	768,214	809,804	754,584	815,294	649,025	624,243	608,334	485,166	450,694	440,869	375,685	310,340	254,970	235,704	135,460	242,239	240,373	174,485	279,625	0	0	0
Investing activities
Acquisitions, net of cash acquired
448,744	448,277	351,904	267,958	16,968	20,843	106,758	705,488	709,132	705,257	603,204	1,330,266	1,327,893	1,331,985	1,370,909	46,414	52,310	49,069	2,143,098	2,213,882	2,377,337	2,395,778	613,291	761,237	652,862	728,343	377,599	311,913	285,210	190,447	0	0	0	-	-	-	-
Purchases of property and equipment
78,921	75,170	73,756	78,748	80,679	81,387	76,946	72,107	70,511	70,093	66,593	66,854	62,068	59,011	54,226	50,398	45,509	41,875	38,317	31,752	29,591	27,070	23,716	22,229	21,607	20,785	20,825	20,788	20,310	19,111	18,680	15,969	14,423	13,454	0	0	0
Other
-	-	-	-	-	22,775	43,818	43,818	36,268	38,953	6,327	-2,952	2	-1,411	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-527,920	-523,702	-338,508	-259,554	-18,045	-26,270	-227,522	-504,912	-499,410	-497,802	-359,623	-1,394,168	-1,389,963	-1,389,585	-1,424,412	-113,150	-111,203	-99,414	-2,360,436	-2,416,873	-2,578,167	-2,594,087	-637,007	-783,466	-674,469	-749,128	-398,424	-332,701	-305,520	-209,558	-520,329	-384,437	-348,196	-347,217	0	0	0
Financing activities
Excess tax benefits related to stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26,427	27,994	47,795	47,082	56,790	61,467	39,153	42,818	32,535	30,497	26,621	26,315	29,355	28,734	26,656	21,823	13,727	0	0	0
Proceeds from issuance of common stock
212,404	168,925	124,985	83,132	65,500	55,680	72,820	57,756	49,435	44,690	22,803	29,699	36,074	21,231	24,569	20,785	17,742	19,926	21,696	28,469	27,700	29,641	29,560	26,204	29,694	30,438	28,596	28,114	24,706	27,187	24,802	19,206	15,730	8,477	0	0	0
Repurchase of common stock
1,221,824	694,909	637,407	582,069	873,726	958,696	380,652	730,651	490,685	402,393	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Payments) borrowings on securitization facility, net
180,946	84,973	61,000	35,000	113,000	75,000	137,000	198,000	153,000	220,000	184,000	74,000	171,000	23,000	-9,000	-51,000	-128,000	-61,000	271,400	339,600	285,500	326,000	-400	22,400	8,500	51,000	39,000	77,000	44,000	18,000	205,000	163,000	187,000	136,000	0	0	0
Deferred financing costs paid and debt discount
2,584	2,868	7,182	5,279	5,211	4,927	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	43,943	546	549	661	1,970	4,950	4,948	4,925	3,776	796	898	7,970	7,839	0	0	0
Principal payments on notes payable
157,784	138,500	492,118	494,180	496,243	498,305	138,000	425,431	424,293	423,156	422,031	133,475	125,988	118,500	111,000	103,500	103,500	103,500	603,875	584,875	565,875	546,875	27,500	27,500	27,500	28,125	28,172	37,289	34,164	30,414	27,242	15,000	340,986	338,965	0	0	0
Borrowings from revolver
2,385,009	1,811,509	1,624,781	1,484,781	1,072,833	1,493,091	1,089,019	1,784,019	1,430,258	1,100,000	965,000	1,175,107	1,275,107	1,225,107	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	455,000	0	0	0	-	-	-	-
Payments on revolver
2,143,171	2,292,349	2,193,475	1,526,399	1,013,327	1,099,040	1,124,775	1,415,930	1,311,124	1,031,722	920,717	712,750	836,798	786,849	0	0	0	-	0	0	0	-	0	0	0	-	385,000	365,000	395,000	480,000	0	0	0	-	-	-	-
(Payments) borrowings on swing line of credit, net
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
(Payments) borrowings on swing line of credit, net
-	52,996	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings on swing line of credit, net
-	-	-	-	-	-	-	-	-	-	-	-	48,245	-	5,243	-9,987	-31,411	-546	0	0	0	-	-	-	0	-	-	-	-	-1,874	0	0	0	-	-	-	-
Payment of contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42,177	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
23	52	928	911	916	887	-310	-229	-172	457	534	527	-120	-676	-708	-898	-320	-377	-611	-505	-561	-731	-14,587	-14,576	-14,448	-14,380	0	0	0	-	-	-	-	-	-	-	-
Net cash used in financing activities
-351,704	-310,171	-481,953	-624,601	-751,740	-577,815	-354,493	214,983	133,851	251,938	27,655	807,653	931,570	753,969	830,612	-516,218	-663,931	-648,065	1,716,194	1,907,147	2,100,517	2,162,265	125,927	327,423	291,241	435,725	139,442	122,171	13,430	61,988	436,369	304,826	339,378	236,221	0	0	0
Effect of foreign currency exchange rates on cash
-225,321	-17,854	-41,349	9,029	-80,319	-65,274	-51,549	-37,654	45,805	52,906	41,785	-12,364	-32,517	-43,476	-57,573	-29,936	-14,745	-37,022	-52,771	-52,766	-50,574	-37,548	-15,666	10,086	1,120	-7,826	-5,730	-7,114	-6,120	10,600	4,498	-6,383	1,673	1,726	0	0	0
Net (decrease) increase in cash and cash equivalents and restricted cash
179,665	310,344	277,327	303,188	150,070	234,023	170,279	419,821	487,508	487,100	445,344	105,040	168,183	29,126	-16,955	108,910	19,925	-29,917	118,281	86,533	96,019	138,964	-41,580	4,737	58,761	54,456	45,628	37,326	-62,506	-1,510	162,777	154,379	167,340	170,355	0	0	0
Supplemental cash flow information
Cash paid for interest
171,907	178,417	179,814	174,005	168,019	156,749	148,057	118,288	115,860	113,416	100,958	108,409	88,219	70,339	65,103	64,015	66,557	72,537	65,819	55,184	44,124	29,098	32,083	30,421	28,287	25,886	16,943	15,813	14,595	14,760	14,606	17,835	14,807	14,961	0	0	0
Cash paid for income taxes
215,570	200,525	193,668	194,918	208,568	207,504	297,406	317,017	320,519	392,192	279,701	225,763	178,630	101,951	115,640	117,491	79,212	83,380	62,910	56,661	74,251	79,124	78,166	91,885	81,747	99,308	93,436	74,125	70,591	38,169	43,462	53,085	52,106	49,205	0	0	0