HILL INTERNATIONAL, INC. HIL Cash Flow

Hill international, inc. (HIL)

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
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
9,900	14,254	-5,156	-16,147	-25,292	-31,375	-33,960	-29,715	21,628	27,544	9,543	2,332	-39,464	-33,736	-28,253	-13,466	-11,033	-13,678	-1,602	-13,554	-16,073	-11,373	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Income Loss From Discontinued Operations Before Gain (Loss) of Discontinued Operation, Net of Tax
-	-	-	-	-	-863	-3,038	-3,790	-10,710	-14,479	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-30,512	-29,332	-22,443	-16,375	-6,690	-19,037	-28,352	-24,680	-21,960	0	0	0	-	-	-	-	-	-	-	-	-	0	0	0	-	-4,324	-5,381	-6,094	-4,935	0	0	0
Adjustments to reconcile net loss to net cash provided by (used in):
Depreciation and amortization
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	10,111	10,424	10,644	10,756	11,106	11,304	11,664	12,430	13,670	14,827	15,843	15,640	0	0	0
Reduction of notes payable to Engineering S.A.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
Equity in earnings of affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	190	0	0	0
(Recovery) provision for bad debts
-12,773	-11,360	162	3,280	714	-196	1,254	2,660	7,458	6,908	5,977	11,299	12,657	14,454	14,549	7,191	5,628	6,262	-4,156	-3,196	-3,866	-5,195	75	317	1,437	1,317	64,168	63,617	63,387	63,146	3,606	3,195	2,947	3,178	0	0	0
Interest accretion on term loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,526	17,606	8,355	8,152	7,955	0	0	0	-	-	-	-	-	-	-	-
Amortization of deferred loan fees
711	715	1,172	1,033	883	710	249	402	523	961	1,233	1,486	1,778	1,778	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,256	0	0	0	-	-	-	-
Deferred tax expense (benefit)
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	0	-	0	0	0	-	-	-	-	-	0	0	0
Share-based compensation
2,672	2,514	3,135	1,876	1,412	1,622	963	1,246	2,883	2,893	3,487	3,756	2,289	2,496	2,075	2,469	2,662	2,755	2,837	2,723	3,153	3,189	3,416	3,305	3,140	2,961	2,602	2,422	2,421	2,276	1,664	2,001	1,947	2,091	0	0	0
Operating lease right-of-use assets
-4,066	-3,899	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency remeasurement losses (gains)
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
issuance of restricted stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Changes in operating assets and liabilities:
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-322	-11,506	-13,106	-11,170	-9,378	-939	-523	-2,436	-6,552	-5,241	-2,080	-3,822	3,493	8,162	8,136	10,499	0	0	0	-	-	-	-
Accounts receivable
-17,722	-27,315	-15,898	-18,485	-12,548	-14,627	-8,813	-9,098	-16,672	-6,586	-19,242	-5,772	-11,828	-5,284	-3,181	-4,848	37,669	51,041	54,658	39,117	23,733	12,747	6,353	8,972	-4,603	12,168	19,707	31,754	45,683	11,638	17,963	19,972	15,955	18,722	0	0	0
Accounts receivable - affiliate
5,440	-485	4,708	2,258	-2,644	-827	-1,592	-1,701	-700	-1,120	-7,880	-2,982	-5,992	-3,345	6,710	2,519	6,085	3,762	4,687	6,503	5,223	3,505	896	-84	-42	-768	-23	-143	-1,039	-570	-903	-2,339	-1,042	-1,400	0	0	0
Prepaid expenses and other current assets
6,951	3,792	1,021	-661	-1,801	-2,140	236	159	-478	699	-425	2,032	1,425	808	-8,331	-6,450	-5,966	-4,446	8,858	1,703	4,072	1,921	-4,449	-1,208	-855	2,116	3,826	3,183	2,874	951	2,080	1,019	-2,829	-541	0	0	0
Income taxes receivable
1,350	1,504	751	758	-510	-547	-2,910	-3,330	-266	-1,794	862	1,480	-589	1,058	1,171	-553	-131	384	1,521	2,353	1,868	957	-453	227	394	744	586	747	959	1,665	1,400	1,404	1,504	561	0	0	0
Retainage receivable
-692	-200	2,259	1,966	2,573	2,051	4,924	-4,744	-6,310	-6,725	-8,814	1,854	15,011	14,982	13,986	12,420	-348	-662	806	1,586	2,117	2,088	-1,786	-2,784	-3,041	-2,734	437	930	974	-488	-82	-614	-134	1,332	0	0	0
Other assets
-377	164	-459	-2,497	-1,362	-139	-774	1,328	2,627	4,131	5,279	4,321	5,863	-5,970	-7,652	-9,754	-13,131	-1,717	-7,489	-7,951	-6,418	-7,545	-829	2,468	727	-109	-2,980	-3,983	-4,753	-5,144	-3,657	-6,775	-4,298	-3,266	0	0	0
Accounts payable and accrued expenses
-19,821	-14,934	-10,820	-6,922	6,518	-5,169	489	-668	-14,573	-7,587	-1,871	805	5,278	-2,805	-5,312	-23,119	-1,420	18,704	27,638	28,468	22,813	8,920	-7,450	2,799	-9,992	-2,747	-12,145	-664	10,831	638	10,483	3,243	-7,206	281	0	0	0
Income taxes payable
-6,292	-5,703	-751	-4,846	-6,690	-7,611	-6,637	6,273	2,452	2,025	855	-5,496	972	-3,337	-5,181	-4,130	-5,526	-50	2,163	3,263	1,146	-1,895	1,560	-696	-919	1,688	750	3,440	5,180	2,596	1,350	2,009	2,489	1,406	0	0	0
Deferred revenue
0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities
-4,511	-4,630	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-	-	-	-	-	-	-	-	-	-	0	0	-747	-	7,995	3,861	-505	1,554	4,058	3,540	-827	-4,141	-14,311	-4,935	-1,849	5,476	13,010	5,165	2,682	1,095	3,189	9,734	8,750	2,985	0	0	0
Other current liabilities
789	124	-3,075	1,095	-626	-1,935	-563	-2,761	-742	692	443	351	-2,466	-84	-7,217	1,584	2,655	-1,423	5,824	-4,306	-4,400	-4,285	-942	2,107	2,709	4,923	2,732	1,434	-548	-428	-2,286	-2,170	-3,008	-3,130	0	0	0
Retainage payable
602	624	846	247	281	338	72	-362	-301	-370	-235	-1,390	-1,195	-968	-2,052	-447	-472	-519	739	1,875	1,696	1,431	-1,994	-3,151	-3,624	-3,151	230	364	1,106	-1,352	-858	-839	-188	1,814	0	0	0
Other liabilities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-	-	-	-	-	-3,577	-4,786	-7,447	3,084	2,687	761	8,850	1,030	1,353	4,183	6,047	5,480	5,626	6,715	3,204	1,969	238	-3,351	-5,874	-4,528	-3,770	-3,830	511	-493	-383	847	424	167	-1,748	0	0	0
Net cash provided by (used in) continuing operations
-	-	-	-	-	-25,034	-7,652	-3,487	6,776	1,623	11,885	-5,234	2,451	16,772	0	0	0	-	-	20,055	16,364	19,894	6,200	19,952	24,801	21,433	7,934	-8,233	-17,842	-6,471	0	0	0	-	-	-	-
Net cash used in discontinued operations
-	-	-	-	-	-863	-3,280	-10,602	-6,970	-12,634	-18,232	-6,303	-11,308	-7,943	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by continuing operations
-9,411	9,979	-11,055	-8,577	-11,413	-25,897	-10,932	-14,089	-194	-11,011	-6,347	-11,537	-8,857	8,829	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Cash flows from investing activities:
Purchases of business
-	-	-	-	-	-	0	0	0	-	0	0	65	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,154	0	0	0
Contribution to affiliate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Payments for additional equity interests in Hill Spain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	1,615	0	0	0
Purchase of property and equipment
3,896	3,936	2,957	1,900	2,214	2,327	2,285	2,312	2,498	1,884	0	0	0	-	-	-	5,241	10,083	0	0	0	-	-	4,843	4,088	3,764	2,715	2,461	3,044	2,377	1,752	2,063	3,439	4,883	0	0	0
Distributions from affiliate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	265	0	0	0
Sale of investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,149	0	0	0	-	-	-	-
Net cash used in investing activities
-	-	-	-	-	-	-	-	0	-	-	-	-	-2,363	0	0	0	-	-	-21,153	-13,964	-10,082	-6,469	-7,302	-5,820	-14,826	-11,295	-11,006	-12,218	928	0	0	0	-	-	-	-
Net cash provided by (used in) investing activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-1,687	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-3,896	-3,936	0	0	0	-	-	-	-	126,324	125,625	124,355	-4,139	-4,050	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Cash flows from financing activities:
Repayment of term loans
1,011	1,060	1,061	1,343	1,167	990	855	384	-19	206	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from revolving loans
46,234	37,296	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Due to bank
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2	0	-5	0	-19	-102	1	0	-1,278	407	-4,188	-3,388	-3,604	0	0	0
Payments on notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,221	993	167	-1,973	-1,319	3,102	3,669	0	0	0	-	-	-	-
Net borrowings on revolving loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-15,988	5,881	11,669	21,084	-39,999	-44,338	-46,318	-56,497	5,202	13,039	13,628	18,526	0	0	0
Proceeds from term loan borrowing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of revolving loans
0	-	0	0	0	-	-964	16,793	-8,921	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on Philadelphia Industrial Development Corporation loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,288	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Dividends paid to noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	253	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from stock issued under employee stock purchase plan
210	194	226	206	122	88	30	53	90	139	246	287	221	182	143	104	134	126	96	175	163	197	243	139	162	138	88	119	93	105	72	53	553	545	0	0	0
Proceeds from exercise of stock options
-	-	-	-	-	11,720	11,765	12,170	4,264	1,914	1,970	882	265	351	0	0	0	-	-	-	-	1,032	0	0	0	-	-	-	-	24	34	34	31	39	0	0	0
Net cash provided by financing activities
4,898	-4,931	4,672	6,621	18,057	21,427	23,978	20,241	-122,213	-115,818	-127,833	-119,757	7,550	-2,608	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Effect of exchange rate changes on cash, cash equivalents and restricted cash
0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	17,387	-	8,189	578	5,899	15,961	24,798	26,529	20,927	8,917	0	0	0	-	-	-	-
Effect of exchange rate changes on cash
-	-	-	-	-	-	-	-	-4,073	-2,837	3,269	-309	4,001	-692	-15,994	-12,801	-10,648	-9,761	-2,682	-8,007	-7,589	-3,274	-6,034	-8,206	-10,557	-8,903	0	0	0	-	-	-	-	-	-	-	-
Net (decrease) increase in cash, cash equivalents and restricted cash
-7,126	1,875	-5,235	-309	7,104	-3,813	9,768	3,909	-769	-3,342	-5,286	-7,248	-1,445	1,479	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosures of cash flow information:
Supplemental disclosures of cash flow information:
Interest and related financing fees paid
5,083	5,347	5,388	5,292	5,152	4,927	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes paid
4,307	4,821	3,446	9,106	11,850	12,397	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for amounts included in the measurement of lease liabilities
8,260	8,164	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right-of-use assets obtained in exchange for operating lease liabilities
3,173	21,351	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes on cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Net decrease in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-3,995	-	0	0	0	-	-	-	-	-	-	0	0	-	0	0	0
Net decrease in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-