HEALTHCARE SERVICES GROUP, INC. HCSG Cash Flow

Healthcare services group, inc. (HCSG)

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	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net income
75,615	64,581	77,238	84,980	92,608	83,524	72,158	69,544	66,281	88,226	88,339	84,578	80,787	77,396	66,231	63,606	61,134	58,024	64,362	25,094	22,727	21,850	11,830	47,802	46,814	47,129	54,475	52,202	50,590	44,214	41,981	40,460	38,967	38,156	36,714	35,887	34,780	34,441	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
14,007	13,940	12,647	11,433	10,351	9,272	9,566	9,483	9,410	8,886	8,206	7,823	7,417	7,496	7,614	7,741	7,714	7,660	7,641	7,519	7,423	7,269	7,019	7,078	6,609	6,204	5,834	5,295	5,220	5,116	5,037	4,866	4,631	4,387	4,162	3,973	3,845	3,764	0	0	0
Bad debt provision
9,070	25,480	31,987	33,487	32,757	51,387	44,650	43,550	42,300	6,250	5,429	4,579	4,579	4,629	5,310	4,810	4,510	4,335	2,975	4,595	4,645	4,470	4,770	2,890	2,290	1,990	1,350	1,460	1,860	2,160	2,100	2,300	2,040	2,450	2,750	2,650	2,760	2,200	0	0	0
Deferred income tax (benefit) expense
-	-	-	-	-	-	-	-	-	-	-	-	-	3,001	-177	21,849	20,712	17,842	17,628	-18,011	-17,609	-15,059	-14,530	-2,131	-2,152	-4,922	-2,815	-2,393	-2,187	-3,493	-1,941	-636	-307	275	2,428	497	948	517	0	0	0
Share-based compensation expense
7,000	6,865	6,762	6,464	6,169	5,900	11,223	8,765	7,109	5,985	2,257	3,583	4,088	4,252	464	919	1,393	1,668	3,370	3,282	3,202	3,080	3,093	2,942	2,786	2,607	2,630	2,590	2,561	2,538	2,221	2,203	2,152	2,152	2,015	1,816	1,628	1,332	0	0	0
Tax benefit from equity compensation plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of premium on marketable securities
1,502	1,434	1,385	1,432	1,416	1,373	1,374	1,380	1,292	1,296	1,599	1,629	1,748	1,723	1,420	1,159	906	681	405	365	359	354	351	408	471	537	607	611	610	654	760	866	965	999	952	893	842	840	0	0	0
Unrealized loss on marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-82	-191	-316	-397	-486	-611	-677	-631	-1,083	0	0	0
Unrealized loss (gain) on deferred compensation fund investments
-1,949	7,257	548	2,353	1,716	-1,429	4,229	3,464	3,600	4,509	3,770	3,682	2,947	1,460	1,956	-424	-667	-24	-417	810	1,317	1,216	1,803	2,949	2,295	2,820	1,870	1,693	1,363	1,871	2,592	285	764	-104	-135	2,243	1,360	1,325	0	0	0
Changes in operating assets and liabilities:
Accounts and notes receivable
13,191	29,532	19,126	43,426	53,580	44,363	67,815	78,694	127,996	121,639	114,353	91,607	53,123	65,610	62,638	55,165	30,007	18,854	12,484	3,676	18,383	13,492	16,938	40,762	47,039	50,879	47,977	30,555	21,498	11,634	26,191	23,643	21,625	24,769	9,067	11,340	8,935	6,270	0	0	0
Prepaid income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	1,628	-405	-1,136	-3,149	680	-3,574	0	0	0	-	-	-	-
Inventories and supplies
-4,044	-4,765	-2,546	-1,286	-1,131	-950	78	666	2,260	1,873	1,194	435	-633	1,492	1,716	2,210	2,509	846	3,079	2,474	2,662	3,015	2,229	4,271	4,160	3,772	3,171	1,598	2,630	3,531	5,213	5,634	5,123	4,531	3,338	3,070	3,388	3,639	0	0	0
Prepaid expenses and other assets
771	-3,480	-970	-665	-4,214	-1,054	-2,838	5,914	10,169	9,545	8,849	3,772	2,052	2,470	4,969	4,298	3,752	1,710	-645	-1,575	-454	417	2,463	2,316	134	-790	-1,277	-715	1,043	2,830	2,979	4,332	2,292	220	1,980	1,284	599	-1,006	0	0	0
Notes receivable - long term
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	432	0	0	0
Deferred compensation funding
4	738	618	916	533	1,536	1,481	886	762	257	-3,756	-3,801	-3,246	-2,732	2,426	1,377	1,368	649	-298	982	1,293	2,542	2,965	4,246	3,744	4,369	5,838	4,899	5,010	4,051	2,134	2,048	1,829	1,804	12	-20	35	-29	0	0	0
Accounts payable and other accrued expenses
-4,589	-9,532	-18,619	-11,340	-8,988	-9,144	12,354	-981	2,080	11,197	1,421	747	3,488	-4,251	3,332	12,434	654	2,403	-21,802	-7,045	-1,390	492	26,686	15,565	17,822	25,961	11,907	11,359	9,996	13,664	16,208	11,840	9,940	-1,079	2,171	488	2,794	1,306	0	0	0
Accrued payroll, accrued and withheld payroll taxes
-19,574	3,517	4,080	5,097	6,004	6,085	6,554	8,665	15,174	11,927	12,817	-1,450	3,536	6,307	11,940	-14,131	10,758	-28,314	5,104	10,297	-18,868	11,813	6,814	5,000	31,310	6,349	3,583	3,617	3,376	6,142	5,417	7,416	194	6,319	4,452	4,677	8,665	4,437	0	0	0
Income taxes payable
9,145	935	3,401	1,646	471	-8,238	-15,886	-16,675	-8,599	7,692	7,450	7,700	12,925	7,455	12,978	-234	-4,299	5,997	1,948	9,663	8,393	-163	-3,000	3,517	2,615	2,587	3,075	4,479	-2,655	1,906	0	0	0	-	-	-	-	0	0	0	0
Accrued insurance claims
6,602	7,845	-5,347	-6,137	-5,920	-5,099	303	1,108	-295	-2,954	5,526	3,355	5,179	5,404	7,473	12,081	12,017	13,987	22,566	47,698	45,037	42,084	32,507	3,219	3,623	3,616	2,069	2,560	3,326	4,908	2,959	1,546	473	732	-562	1,910	1,578	775	0	0	0
Deferred compensation liability
-1,429	8,482	1,887	3,710	2,343	450	5,612	4,497	5,026	5,061	718	300	228	-731	4,812	1,634	1,137	1,113	-322	2,169	3,094	4,248	5,366	7,830	6,639	7,721	8,033	6,899	6,697	6,337	5,252	2,856	3,081	2,145	349	2,650	1,815	1,697	0	0	0
Net cash provided by operating activities
88,692	93,581	85,744	72,975	73,677	80,031	79,017	41,586	-3,085	7,630	6,624	14,628	66,357	41,400	48,754	50,059	79,254	63,361	86,584	76,416	33,206	57,730	47,937	33,005	55,505	32,158	32,829	46,974	45,908	60,376	48,980	44,812	36,447	32,948	41,458	39,053	45,950	37,747	0	0	0
Cash flows from investing activities:
Disposals of fixed assets
264	199	286	505	641	640	555	391	297	338	362	317	265	275	196	327	340	267	-62	-213	64	83	393	371	54	158	165	166	190	26	21	14	7	22	20	18	53	44	0	0	0
Additions to property and equipment
3,820	4,368	4,585	4,864	4,941	4,940	5,174	5,295	5,407	5,397	5,496	5,162	5,308	5,442	4,931	5,663	5,021	4,998	6,114	5,346	5,718	5,795	4,683	4,798	4,307	3,762	3,551	3,361	3,639	3,484	3,782	4,717	4,870	5,545	6,068	5,368	5,048	4,174	0	0	0
Purchases of marketable securities
31,937	33,544	19,855	13,078	13,177	14,297	24,781	27,375	31,400	33,861	32,847	30,760	32,341	29,449	41,682	86,753	79,127	75,150	53,726	6,228	4,901	5,140	5,432	3,938	6,289	6,598	6,887	9,068	11,147	10,833	10,403	16,693	15,449	18,934	22,186	21,387	28,958	38,873	0	0	0
Sales of marketable securities
19,474	21,256	17,933	10,381	10,083	9,011	16,889	19,631	23,281	28,537	40,381	36,561	33,247	28,164	20,918	21,038	19,361	17,567	6,233	5,090	4,299	4,392	4,782	14,472	16,561	15,807	15,858	7,644	9,268	19,978	29,184	34,853	34,208	29,971	24,168	23,401	30,260	46,083	0	0	0
Net cash used in investing activities
-16,019	-16,457	-6,221	-7,056	-7,394	-9,586	-12,511	-14,648	-17,813	-14,967	-2,184	-1,628	-4,137	-6,452	-25,499	-71,051	-64,447	-62,314	-53,669	-6,697	-6,256	-6,460	-4,940	1,107	1,019	605	585	-4,619	-5,328	5,687	15,020	12,457	12,896	4,514	-5,066	-3,336	-3,693	3,080	0	0	0
Cash flows from financing activities:
Dividends paid
59,445	59,000	58,553	58,103	57,640	57,201	56,690	56,268	55,769	55,244	54,795	54,265	53,808	53,342	52,886	52,411	51,878	51,375	50,817	50,229	49,655	49,077	48,545	48,039	47,369	46,707	45,987	45,221	44,661	44,093	43,600	43,129	42,673	42,228	41,754	41,286	40,462	39,285	0	0	0
Reissuance of treasury stock pursuant to Dividend Reinvestment Plan
89	90	88	89	89	89	92	93	95	95	96	100	105	109	114	116	115	113	138	136	136	110	82	82	80	107	109	112	115	118	119	121	123	128	130	131	129	121	0	0	0
Tax benefit from equity compensation plans
-	-	-	-	-	-	-	-	-	-	-	-	-	2,981	2,561	2,163	1,883	1,873	2,646	2,558	2,648	2,626	2,302	2,372	2,383	2,615	2,715	2,726	3,064	2,649	1,336	2,154	1,489	1,222	1,851	1,230	1,257	1,938	0	0	0
Proceeds from the exercise of stock options
3,439	3,628	4,800	6,145	5,709	8,801	9,637	11,306	13,126	12,808	10,706	8,448	8,121	5,968	6,914	6,943	5,901	6,251	6,611	6,447	6,521	6,196	5,481	5,582	5,347	6,428	7,132	7,589	7,373	5,573	4,193	3,686	3,282	2,363	4,400	4,738	4,863	4,790	0	0	0
Net (repayments) proceeds from short-term borrowings
20,000	-20,000	41	-10,505	4,000	-5,382	-15,041	24,323	26,000	35,382	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of statutory withholding on net issuance of restricted stock units
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-36,537	-75,820	-54,148	-62,918	-48,410	-53,977	-62,314	-20,841	-16,843	-6,959	-17,762	-27,661	-43,110	-44,284	-43,297	-43,189	-43,979	-43,138	-41,422	-41,088	-40,350	-40,145	-40,680	-40,003	-39,559	-37,557	-36,031	-34,794	-34,109	-35,753	-37,952	-37,168	-37,779	-38,515	-35,373	-35,187	-34,213	-32,436	0	0	0
Net change in cash and cash equivalents
36,136	1,304	25,375	3,001	17,873	16,468	4,192	6,097	-37,741	-14,296	-13,322	-14,661	19,110	-9,336	-20,042	-64,181	-29,172	-42,091	-8,507	28,631	-13,400	11,125	2,317	-5,891	16,965	-4,794	-2,617	7,561	6,471	30,310	26,048	20,101	11,564	-1,053	1,019	530	8,044	8,391	0	0	0
Supplementary cash flow information:
Cash paid for interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	391	258	171	118	165	156	126	77	17	4	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for income taxes, net of refunds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,678	7,901	16,778	21,986	18,683	25,080	22,581	23,900	22,992	21,694	22,188	23,430	28,352	24,681	20,590	17,713	17,155	14,614	0	0	0	-	0	0	0
Issuance of Common Stock in 2015 and 2014, respectively, pursuant to Employee Stock Purchase Plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	1,233	1,233	1,233	1,047	0	0	0