HEALTHCARE SERVICES GROUP, INC. HCSG Cash Flow

Healthcare services group, inc. (HCSG)

CashFlow / Quarterly

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	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net income
20,190	18,895	18,344	18,186	9,156	31,552	26,086	25,814	72	20,186	23,472	22,551	22,017	20,299	19,711	18,760	18,626	9,134	17,086	16,288	15,516	15,472	-22,182	13,921	14,639	5,452	13,790	12,933	14,954	12,798	11,517	11,321	8,578	10,565	9,996	9,828	7,767	9,123	9,169	8,721	7,428
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
3,556	3,543	3,400	3,508	3,489	2,250	2,186	2,426	2,410	2,544	2,103	2,353	1,886	1,864	1,720	1,947	1,965	1,982	1,847	1,920	1,911	1,963	1,725	1,824	1,757	1,713	1,784	1,355	1,352	1,343	1,245	1,280	1,248	1,264	1,074	1,045	1,004	1,039	885	917	923
Bad debt provision
2,060	2,480	1,500	3,030	18,470	8,987	3,000	2,300	37,100	2,250	1,900	1,050	1,050	1,429	1,050	1,050	1,100	2,110	550	750	925	750	2,170	800	750	1,050	290	200	450	410	400	600	750	350	600	340	1,160	650	500	450	600
Deferred income tax (benefit) expense
-	-	-	-	-	-	-	-	-	-	-	-	-	253	207	-854	3,395	-2,925	22,233	-1,991	525	-3,139	-13,406	-1,589	3,075	-2,610	-1,007	-1,610	305	-503	-585	-1,404	-1,001	1,049	720	-1,075	-419	3,202	-1,211	-624	-850
Share-based compensation expense
1,973	1,397	1,809	1,821	1,838	1,294	1,511	1,526	1,569	6,617	-947	-130	445	2,889	379	375	609	-899	834	849	884	803	746	769	762	816	595	613	583	839	555	584	560	522	537	533	560	385	338	345	264
Tax benefit from equity compensation plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	245	318	499	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of premium on marketable securities
450	415	307	330	382	366	354	314	339	367	360	226	343	670	390	345	318	367	129	92	93	91	89	86	88	88	146	149	154	158	150	148	198	264	256	247	232	217	197	196	230
Unrealized loss on marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-26	-56	-109	-125	-107	-145	-234	-191	-61	-597
Unrealized loss (gain) on deferred compensation fund investments
-5,761	2,209	7	1,596	3,445	-4,500	1,812	959	300	1,158	1,047	1,095	1,209	419	959	360	-278	915	-1,421	117	365	522	-194	624	264	1,109	952	-30	789	159	775	-360	1,297	880	-1,532	119	429	849	846	-764	394
Changes in operating assets and liabilities:
Accounts and notes receivable
9,645	4,896	-669	-681	25,986	-5,510	23,631	9,473	16,769	17,942	34,510	58,775	10,412	10,656	11,764	20,291	22,899	7,684	4,291	-4,867	11,746	1,314	-4,517	9,840	6,855	4,760	19,307	16,117	10,695	1,858	1,885	7,060	831	16,415	-663	5,042	3,975	713	1,610	2,637	1,310
Prepaid income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-912	-	-	-	1,007	-	-	-	1,628	0	3,335	-3,335	-405	-731	1,322	494	-4,659	-	-	-	-
Inventories and supplies
421	-2,371	-1,089	-1,005	-300	-152	171	-850	-119	876	759	744	-506	197	0	-324	1,619	421	494	-25	-44	2,654	-111	163	309	1,868	1,931	52	-79	1,267	358	1,084	822	2,949	779	573	230	1,756	511	891	481
Prepaid expenses and other assets
4,574	-2,839	-3,488	2,524	323	-329	-3,183	-1,025	3,483	-2,113	5,569	3,230	2,859	-2,809	492	1,510	3,277	-310	-179	964	1,235	-2,665	-1,109	2,085	2,106	-619	-1,256	-97	1,182	-1,106	-694	1,661	2,969	-957	659	-379	897	803	-37	-1,064	-708
Notes receivable - long term
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,029	-81	1,085	457
Deferred compensation funding
-1,478	515	312	655	-744	395	610	272	259	340	15	148	-246	-3,673	-30	703	268	1,485	-1,079	694	-451	538	201	1,005	798	961	1,482	503	1,423	2,430	543	614	464	513	457	395	439	-1,279	425	450	375
Accounts payable and other accrued expenses
-379	-112	-596	-3,502	-5,322	-9,199	6,683	-1,150	-5,478	12,299	-6,652	1,911	3,639	2,523	-7,326	4,652	-4,100	10,106	1,776	-7,128	-2,351	-14,099	16,533	-1,473	-469	12,095	5,412	784	7,670	-1,959	4,864	-579	11,338	585	496	-2,479	319	3,835	-1,187	-173	-1,169
Accrued payroll, accrued and withheld payroll taxes
-4,626	-17,680	23,875	-21,143	18,465	-17,117	24,892	-20,236	18,546	-16,648	27,003	-13,727	15,299	-15,758	12,736	-8,741	18,070	-10,125	-13,335	16,148	-21,002	23,293	-8,142	-13,017	9,679	18,294	-9,956	13,293	-15,282	15,528	-9,922	13,052	-12,516	14,803	-7,923	5,830	-6,391	12,936	-7,698	9,818	-10,619
Income taxes payable
2,480	5,009	3,066	-1,410	-5,730	7,475	1,311	-2,585	-14,439	-173	522	5,491	1,852	-415	772	10,716	-3,618	5,108	-12,440	6,651	6,678	1,059	-4,725	5,381	-1,878	-1,778	1,792	4,479	-1,906	-1,290	3,196	-2,655	2,655	-	-	-	-	-180	-229	-280	689
Accrued insurance claims
1,379	-156	2,578	2,801	2,622	-13,348	1,788	3,018	3,443	-7,946	2,593	1,615	784	534	422	3,439	1,009	2,603	5,030	3,375	2,979	11,182	30,162	714	26	1,605	874	1,118	19	58	1,365	1,884	1,601	-1,891	-48	811	1,860	-3,185	2,424	479	1,057
Deferred compensation liability
-6,994	2,761	521	2,283	2,917	-3,834	2,344	916	1,024	1,328	1,229	1,445	1,059	-3,015	811	1,373	100	2,528	-2,367	876	76	1,093	124	1,801	1,230	2,211	2,588	610	2,312	2,523	1,454	408	1,952	1,438	-942	633	1,016	-358	1,359	-202	898
Net cash provided by operating activities
12,688	13,359	59,883	2,762	17,577	5,522	47,114	3,464	23,931	4,508	9,683	-41,207	34,646	3,502	17,687	10,522	9,689	10,856	18,992	39,717	-6,204	34,079	8,824	-3,493	18,320	24,286	-6,108	19,007	-5,027	24,957	8,037	17,941	9,441	13,561	3,869	9,576	5,942	22,071	1,464	16,473	-2,261
Cash flows from investing activities:
Disposals of fixed assets
129	72	40	23	64	159	259	159	63	74	95	65	104	98	50	13	114	19	181	26	41	-310	30	303	60	0	8	-14	164	7	9	10	0	2	2	3	15	0	0	38	6
Additions to property and equipment
788	984	888	1,160	1,336	1,201	1,167	1,237	1,335	1,435	1,288	1,349	1,325	1,534	954	1,495	1,459	1,023	1,686	853	1,436	2,139	918	1,225	1,513	1,027	1,033	734	968	816	843	1,012	813	1,114	1,778	1,165	1,488	1,637	1,078	845	614
Purchases of marketable securities
2,670	14,917	10,393	3,957	4,277	1,228	3,616	4,056	5,397	11,712	6,210	8,081	7,858	10,698	4,123	9,662	4,966	22,931	49,194	2,036	989	1,507	1,696	709	1,228	1,799	202	3,060	1,537	2,088	2,383	5,139	1,223	1,658	8,673	3,895	4,708	4,910	7,874	11,466	14,623
Sales of marketable securities
1,757	3,628	10,483	3,606	3,539	305	2,931	3,308	2,467	8,183	5,673	6,958	7,723	20,027	1,853	3,644	2,640	12,781	1,973	1,967	846	1,447	830	1,176	939	1,837	10,520	3,265	185	1,888	2,306	4,889	10,895	11,094	7,975	4,244	6,658	5,291	7,208	11,103	22,481
Net cash used in investing activities
-1,572	-12,201	-758	-1,488	-2,010	-1,965	-1,593	-1,826	-4,202	-4,890	-3,730	-4,991	-1,356	7,893	-3,174	-7,500	-3,671	-11,154	-48,726	-896	-1,538	-2,509	-1,754	-455	-1,742	-989	4,293	-543	-2,156	-1,009	-911	-1,252	8,859	8,324	-3,474	-813	477	-1,256	-1,744	-1,170	7,250
Cash flows from financing activities:
Dividends paid
15,033	14,900	14,800	14,712	14,588	14,453	14,350	14,249	14,149	13,942	13,928	13,750	13,624	13,493	13,398	13,293	13,158	13,037	12,923	12,760	12,655	12,479	12,335	12,186	12,077	11,947	11,829	11,516	11,415	11,227	11,063	10,956	10,847	10,734	10,592	10,500	10,402	10,260	10,124	9,676	9,225
Reissuance of treasury stock pursuant to Dividend Reinvestment Plan
23	23	21	22	24	21	22	22	24	24	23	24	24	25	27	29	28	30	29	28	26	55	27	28	0	27	27	26	27	29	30	29	30	30	32	31	35	32	33	29	27
Tax benefit from equity compensation plans
-	-	-	-	-	-	-	-	-	-	-	-	-	1,231	643	598	509	811	245	318	499	1,584	157	408	477	1,260	227	419	709	1,360	238	757	294	47	1,056	92	27	676	435	119	708
Proceeds from the exercise of stock options
1,724	462	67	1,186	1,913	1,634	1,412	750	5,005	2,470	3,081	2,570	4,687	368	823	2,243	2,534	1,314	852	1,201	2,884	1,674	688	1,275	2,559	959	789	1,040	3,640	1,663	1,246	824	1,840	283	739	420	921	2,320	1,077	545	848
Net (repayments) proceeds from short-term borrowings
40,000	0	-20,000	0	0	20,041	-30,546	14,505	-9,382	10,382	8,818	16,182	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of statutory withholding on net issuance of restricted stock units
661	-	8	0	579	-	17	0	295	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
26,053	-14,401	-34,709	-13,480	-13,230	7,271	-43,479	1,028	-18,797	-1,066	-2,006	5,026	-8,913	-11,869	-11,905	-10,423	-10,087	-10,882	-11,797	-11,213	-9,246	-9,166	-11,463	-10,475	-9,041	-9,701	-10,786	-10,031	-7,039	-8,175	-9,549	-9,346	-8,683	-10,374	-8,765	-9,957	-9,419	-7,232	-8,579	-8,983	-7,642
Net change in cash and cash equivalents
37,169	-13,243	24,416	-12,206	2,337	10,828	2,042	2,666	932	-1,448	3,947	-41,172	24,377	-474	2,608	-7,401	-4,069	-11,180	-41,531	27,608	-16,988	22,404	-4,393	-14,423	7,537	13,596	-12,601	8,433	-14,222	15,773	-2,423	7,343	9,617	11,511	-8,370	-1,194	-3,000	13,583	-8,859	6,320	-2,653
Supplementary cash flow information:
Cash paid for interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	155	121	102	13	22	34	49	60	13	4	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for income taxes, net of refunds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,201	393	-135	6,219	1,424	9,270	5,073	2,916	7,821	6,771	6,392	2,008	6,523	7,265	7,634	6,930	2,852	3,174	4,757	6,372	311	-	5,260	6,244	4,103
Issuance of Common Stock in 2015 and 2014, respectively, pursuant to Employee Stock Purchase Plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,851	-	0	0	1,842	-	0	0	1,250	-	0	0	1,233	0	0	0	1,047