Hackett group, inc. (HCKT)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Sep'18Jun'18Jun'18Mar'18Mar'18Dec'17Dec'17Sep'17Jun'17Mar'17Dec'16Dec'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

5,527

2,285

6,909

6,989

7,094

-136

-

5,157

-

11,521

-

7,367

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less gain (loss) from discontinued operations

-8

-2

2

-51

45

-2,851

-

-514

-

-151

-

66

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income from continuing operations

5,535

2,287

6,907

7,040

7,049

2,715

-

5,671

-

11,672

-

7,301

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

5,157

-

11,521

-

7,367

-

9,441

-

5,289

4,750

7,874

6,225

-

5,488

5,446

4,382

4,055

3,058

3,691

3,005

3,542

2,936

2,828

405

1,206

2,635

2,930

1,958

6,683

2,636

3,845

3,533

9,693

4,346

4,403

3,327

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense

800

886

885

829

606

608

-

653

-

624

580

580

-

601

590

612

639

-

610

617

621

637

656

651

663

612

626

512

565

654

467

456

461

499

483

492

491

614

600

497

465

452

Amortization expense

238

247

236

254

299

580

-

585

-

591

613

613

-

615

557

532

386

-

275

275

275

275

565

548

547

547

533

553

575

551

151

150

151

150

137

136

137

137

203

204

204

200

Amortization of debt issuance costs

23

23

22

23

23

23

-

22

-

23

23

23

-

22

23

22

23

-

22

23

36

25

25

24

35

14

27

22

23

23

23

25

24

24

-

-

-

-

-

-

-

-

Non-cash stock compensation expense

2,230

1,983

1,931

2,098

1,704

2,378

-

2,520

-

1,728

2,684

2,684

-

2,728

2,771

2,717

2,100

-

2,298

2,243

2,312

1,912

3,098

3,691

1,747

1,825

1,685

1,656

1,690

1,339

1,417

1,535

1,645

1,522

1,453

1,361

1,441

1,267

1,104

1,274

1,301

926

Restructuring costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3,604

-

-

-

-

-

-

-

-

-

-

-

-

Provision for doubtful accounts

21

392

113

99

507

355

-

117

-

128

68

68

-

-25

-82

113

111

-

49

46

-21

-36

-76

42

-36

159

57

202

273

253

264

487

4

-13

169

392

-15

111

76

-47

-677

29

Gain on foreign currency translation

100

-294

327

-7

64

167

-

128

-

497

-200

-200

-

-165

-131

-226

-173

-

28

-19

335

250

44

202

-210

-206

83

18

-63

-46

32

4

23

-55

-

-

-152

-51

-193

-243

46

67

Release of valuation allowance

-1,622

-

437

0

-1,714

-

-

295

-

-471

-

-1,389

-

-

-

-

-

-

-

558

-405

-2,743

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bargain purchase gain from acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,015

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax expense (benefit)

-

-

-

-

-

-

-

-

-

-

1,389

-

-

-

-

-

1,469

-

-

-

-

-

-

1,285

1,945

1,464

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Increase in accounts receivable and unbilled revenue

3,357

-

-

-1,346

1,592

944

61

-

-

4,640

-3,089

-3,089

-

-1,875

4,997

-2,577

2,515

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in accounts receivable and unbilled revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

554

174

4,746

-

-726

2,548

5,136

-6,733

775

7,544

1,262

-3,093

2,530

1,806

-3,084

-

-

-

-

-

-

-

-

(Increase) decrease in prepaid expenses and other assets

185

-647

-479

-23

-301

518

-

399

-

-249

1,202

1,202

-

-285

-240

570

842

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease (increase) in accounts receivable and unbilled revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

97

-

1,422

1,874

2,938

Increase in prepaid expenses and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

415

-

-362

170

74

-545

-179

290

392

1,278

-9

-439

-1,344

1,908

-1,649

-265

-89

-44

-446

540

-351

Decrease in accounts payable

-147

3,278

-1,552

393

-1,054

2,312

-

-3,283

-

-221

187

187

-

-162

425

-3,892

2,565

-

2,880

-80

-4,507

2,497

2,349

783

-255

-2,487

2,499

389

-21

-3,038

3,227

-223

260

-2,895

2,557

-1,559

2,290

-3,010

2,828

-2,136

1,291

-140

Decrease in accrued expenses and other liabilities

-236

-1,481

2,848

-2,135

-2,176

-8,666

-

2,862

-

-8,987

3,092

3,092

-

-3,921

2,883

-1,201

-5,620

-

1,178

3,364

744

-4,118

3,923

4,491

1,442

-474

390

-702

5,127

-7,155

2,158

1,318

1,635

-6,275

1,334

-250

3,370

-6,528

4,237

-1,671

2,352

-7,383

Increase (decrease) in income tax payable

85

-

1,059

1,347

-603

-

-

1,771

-

-3,360

-887

-887

-

-

2,356

-2,343

-1,487

-

-

2,131

2,450

-2,370

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities of continuing operations

-

-

-

-

-

-

-

-

-

-

17,203

-

-

-

-

-

4,876

-

10,764

13,033

7,243

536

16,956

12,545

7,015

-339

17,565

5,900

3,281

-7,987

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

6,521

15,821

8,508

11,273

6,759

8,057

-

9,521

-

-2,370

-

17,203

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,720

-547

9,219

4,857

10,109

-3,833

16,945

1,734

6,879

-5,243

Cash flows from investing activities:
Purchases of property and equipment

533

849

900

1,314

1,505

2,364

-

2,112

-

2,798

2,363

2,363

-

1,598

1,973

1,312

1,634

-

1,111

809

772

487

574

835

868

725

1,173

944

537

443

449

398

563

658

688

460

1,173

931

784

819

2,068

1,268

Cash consideration paid for acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

177

0

2,700

-

-

-

-

-

-

-

-

-

-

-

-

Cash acquired in acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

522

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

300

-

-

-

-

0

1

0

-203

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-2,363

-

-

-

-

-

-1,634

-1,111

-

-809

-772

-487

-574

-835

-868

-725

-819

-821

-537

-2,921

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-533

-1,859

-900

-1,314

-1,505

-2,364

-

-2,112

-

-2,798

-

-2,363

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-401

-658

-688

-461

-1,173

-728

-60

-819

-2,068

-1,268

Cash flows from financing activities:
Proceeds from borrowings

-

0

0

0

1,000

-

-

-

-

-

-

-

-

0

7,000

11,000

8,000

-

0

0

25,000

5,000

-

-

-

-

0

0

1,000

9,500

-

-

-

-

0

0

0

40,000

-

-

-

-

Payment of debt borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

3,000

5,000

0

6,000

-

6,000

9,000

3,000

5,000

-

-

-

-

-

-

-

-

7,000

0

5,500

4,474

-

-

-

-

-

-

-

-

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-6

-476

-

-

-

-

Proceeds from issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

317

341

25

254

156

566

48

310

1

312

75

364

-

-

-

-

Dividends paid

5,790

0

5,789

0

5,407

0

-

5,392

-

0

4,656

4,656

-

0

4,647

0

4,023

-

0

3,964

0

3,199

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

2,969

2,276

88

1,453

3,990

514

-

123

-

182

3,967

3,967

-

118

3,538

7,989

4,071

-

107

500

25,783

7,693

240

65

815

2,718

721

2,986

5,632

4,363

-

-

-

-

0

0

15

55,572

1,947

967

3,629

2,412

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-8,623

-

-

-

-

-

-5,894

-5,642

-

-13,464

-3,501

-10,892

-9,145

-11,932

-442

-2,718

-12,700

-5,329

-4,644

5,391

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-8,759

-4,388

-7,877

-4,035

-8,397

-5,123

-

-7,515

-

-5,295

-

-8,623

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,046

-4,164

-6,080

-3,688

-7,946

-15,684

-1,947

-967

-3,313

-2,412

Effect of exchange rate on cash

97

-

-

-

-6

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-2,674

-

-

-

-3,149

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate on cash

-

-

-

-

-

-

13

-

-

67

-

-63

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12

6

15

201

-200

-79

20

22

103

-31

206

-46

9

Effect of exchange rate on cash

-

-

-

-

-

-

-

-

-

-

-63

-

-

-

-

-

-8

26

-

-18

-1

-11

-72

343

-308

-6

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-93

-

-

-10,396

6,154

6,154

1,286

-

1,807

-2,631

-2,660

-

5,350

-1,258

2,969

-10,854

7,165

121

5,397

-3,788

4,056

-253

-1,889

-5,505

3,348

4,040

-526

-5,569

2,372

728

1,012

-20,142

14,907

154

1,452

-8,914

Supplemental disclosure of cash flow information:
Cash paid for income taxes

350

2,395

1,832

1,263

315

2,556

-

6

-

5,331

69

69

-

2

-39

3,728

7

-

4,284

1,927

147

2,399

8

52

44

164

206

1

273

413

233

2

174

275

107

0

85

38

83

-5

22

-418

Shares issued to Sellers of acquired business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,000

1,000

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8

-

-

-

-

Cash paid for interest

14

4

78

62

87

91

-

154

-

155

-

141

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

141

-

-

-

-

-

69

95

-

122

52

13

43

89

81

122

149

142

140

107

76

44

136

82

-

-

-

-

-

-

-

-