Hms holdings corp (HMSY)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Operating activities:
Net income

80,264

87,224

103,269

100,707

68,240

54,989

47,321

35,119

45,003

40,054

23,481

31,156

34,518

37,636

37,211

30,026

25,565

24,527

13,408

13,496

14,116

13,947

27,434

31,992

36,374

39,997

48,890

47,889

50,449

50,516

41,661

45,569

45,012

47,785

49,009

45,640

42,329

40,092

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property, equipment and software

33,387

33,293

33,642

32,485

33,839

33,254

31,456

31,555

28,834

27,724

26,606

25,025

24,540

24,882

25,975

27,110

28,742

30,328

31,633

32,613

33,024

32,864

32,545

32,385

25,205

31,360

9,336

15,259

27,659

26,902

48,345

39,501

30,999

22,435

19,360

18,406

17,065

15,908

0

0

0

Amortization of intangible assets

11,100

9,700

12,400

16,200

20,479

24,300

25,553

25,660

24,394

22,600

21,010

19,818

19,448

20,164

20,145

20,202

20,236

20,270

20,388

20,595

20,664

20,734

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred financing costs

564

564

564

564

564

564

1,118

1,498

1,878

2,258

2,083

2,083

2,083

2,083

2,084

2,084

2,084

2,084

2,084

2,084

2,084

2,084

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

24,432

21,901

22,577

23,080

22,992

21,507

25,027

28,971

28,251

24,143

19,291

14,012

14,423

13,277

14,836

15,874

15,292

14,297

14,469

14,194

13,661

13,356

12,343

12,105

11,909

11,997

7,671

8,143

8,454

9,116

12,686

11,505

10,030

8,376

8,094

8,082

7,819

7,544

0

0

0

Deferred income taxes

7,005

7,290

10,405

4,984

-1,502

-3,504

-27,265

-25,574

-21,434

-20,409

-2,192

-2,968

-8,428

-7,368

-10,997

-13,672

-12,486

-14,020

-11,893

-11,777

-11,549

-12,290

-7,498

-5,819

-4,471

-4,354

-6,729

-5,618

-6,173

-6,323

-5,462

-2,257

476

1,818

3,278

3,937

3,187

2,316

0

0

0

Excess tax benefit from exercised stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

949

1,843

3,066

5,233

5,728

9,835

9,938

12,433

15,753

11,933

14,303

12,051

0

0

0

-

-

-

-

Noncash lease expense

3,886

4,133

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of assets

-

-

-

-

-

-

-

-

0

-

-

-

958

948

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

517

-29

-26

2

-35

0

0

0

-

-

-

-

273

0

0

0

-

-

-

-

Release of estimated liability for appeals, net

-

-

-

-

-

8,436

8,436

8,436

8,436

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Allowance for doubtful accounts and bad debt write-offs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

10,031

8,396

5,869

3,751

0

0

0

-

-

-

-

-

-

-

-

Loss on disposal of fixed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-431

-414

-415

-334

-290

-324

-324

-267

-267

0

0

0

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

28,179

16,292

3,766

15,720

17,663

17,312

25,644

1,591

11,626

6,976

6,458

29,400

-74

3,554

-13,540

-14,923

-649

12,045

-11,628

-9,514

-5,771

-14,625

5,826

3,234

13,927

14,956

47,283

48,987

47,355

40,235

37,696

34,354

34,231

31,931

10,008

16,085

4,147

9,657

0

0

0

Prepaid expenses and other current assets

-343

10,487

2,998

3,226

7,460

2,785

1,770

1,384

-3,918

1,298

-263

2,122

2,714

2,399

2,542

207

830

-549

348

272

1,143

-1,132

-2,832

-1,495

-2,464

-1,341

1,569

-403

1,261

7,670

5,168

6,270

6,864

1,081

719

208

4,216

-664

0

0

0

Prepaid income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,711

-2,402

-2,399

-2,665

-3,445

-1,943

-8,494

-4,131

1,559

-13,676

-5,516

-9,508

-14,326

-7,408

-13,255

-10,966

-14,288

0

0

0

-

-

-

-

Other current assets

-

-

-

-

-

-

-

0

-201

-

-199

60

-2,171

-2,066

-2,005

-2,235

135

412

-201

2,164

2,057

2,150

2,272

80

-157

172

-28

-1

41

-667

-400

-44

181

538

0

0

0

-

-

-

-

Other assets

5,876

2,173

1,435

926

496

-245

105

54

-15

-124

-435

-703

-267

-234

-201

-350

-208

-10

233

494

-99

-121

-137

24

63

-28

23

19

9

127

32

-166

-557

-113

538

746

584

-90

0

0

0

Income taxes receivable

17,104

15,607

-4,294

-2,215

-18,655

-16,925

1,488

2,318

5,115

1,462

5,410

-10,234

-4,372

-7,227

-15,677

700

284

3,873

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable, accrued expenses and other liabilities

1,613

4,744

2,811

6,492

9,301

11,181

19,511

5,310

5,191

-340

-757

14,110

9,433

12,116

5,340

1,039

-6,441

-250

887

7,753

10,324

18,039

8,062

6,868

4,133

1,050

5,488

-483

800

-1,340

-2,955

-1,709

-342

-218

1,996

2,759

3,671

4,078

0

0

0

Operating lease liabilities

-4,838

-5,315

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liability for appeals

-757

1,227

-250

76

1,421

-628

-134

-585

-486

32

572

687

931

-2,323

-4,710

-3,428

-6,373

-3,721

-23,229

-20,401

-11,793

-5,053

18,916

19,910

18,489

14,508

21,213

20,621

19,521

19,965

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by operating activities

121,804

133,232

153,840

150,892

110,242

96,457

86,902

89,415

97,815

86,464

87,515

62,318

91,416

88,639

88,054

99,256

72,989

72,285

61,214

73,097

79,137

100,556

105,772

112,859

106,552

101,181

104,413

82,289

83,494

83,039

61,469

69,156

54,377

56,729

75,950

63,815

68,141

61,925

0

0

0

Acquisition of businesses, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,393

351,844

352,344

352,344

350,578

0

0

0

-

-

-

-

Purchases of property and equipment

9,585

8,276

12,771

9,754

10,842

11,264

9,995

10,892

11,827

17,318

16,563

20,462

19,415

13,703

11,513

5,720

6,677

8,620

11,996

17,394

20,992

22,687

20,449

19,708

17,235

22,127

24,953

22,167

25,800

25,222

23,926

25,280

22,206

18,477

18,207

19,159

17,274

15,603

0

0

0

Investment in capitalized software

13,066

13,348

14,812

16,441

17,807

19,149

20,161

19,272

18,482

15,725

13,070

11,190

8,337

7,316

6,122

4,609

3,661

3,197

2,773

3,545

3,586

3,514

3,431

2,969

3,571

3,656

3,636

3,234

2,547

2,244

1,914

1,803

1,820

1,857

2,013

2,077

1,950

2,023

0

0

0

Repayment of revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

35,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-206,086

-205,059

-54,361

-26,195

-28,649

-30,413

-30,303

-30,311

-201,630

-204,364

-200,575

-221,008

-45,934

-39,201

-36,049

-10,329

-10,338

-11,817

-14,769

-20,939

-24,578

-26,201

-2,420

-22,677

-21,306

-26,283

-61,337

-31,880

-37,350

-38,074

-375,899

-381,951

-381,179

-375,721

-25,721

-39,738

-55,098

-53,661

0

0

0

Financing activities:
Proceeds from exercise of stock options

16,300

39,300

64,000

63,000

61,356

38,400

13,720

3,114

2,842

2,700

2,580

3,730

2,915

2,940

2,939

1,971

940

4,187

5,019

4,446

4,851

4,110

5,158

6,027

6,417

9,260

8,363

10,829

11,646

11,973

14,722

12,434

12,166

12,744

12,655

13,178

14,228

9,128

0

0

0

Excess tax benefit from exercised stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

949

1,843

3,066

5,233

5,728

9,835

9,938

12,433

15,753

11,933

14,303

12,051

12,435

14,569

14,461

12,581

0

0

0

Payments of tax withholdings on behalf of employees for net-share settlements

3,555

6,988

6,991

7,081

6,999

2,818

3,060

2,971

3,140

3,161

3,283

3,282

3,081

1,475

1,484

1,468

1,435

1,029

1,165

1,198

1,166

1,658

1,552

1,512

1,527

1,922

2,155

2,155

2,145

1,784

1,380

1,380

1,381

1,156

0

0

0

-

-

-

-

Payments on capital lease obligations

305

195

0

0

0

-

-

-

-

143

6

7

9

44

268

519

803

1,132

1,295

1,458

1,582

1,629

1,661

1,699

1,837

1,711

1,595

1,447

1,129

996

0

0

0

-

-

-

-

-

-

-

-

Payments on contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

428

0

0

0

-

-

-

-

250

0

0

0

-

-

-

-

-

-

-

-

Purchases of treasury stock

-

-

-

-

-

5,955

20,092

20,092

20,092

14,137

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,750

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

Net cash (used in)/provided by financing activities

12,458

32,149

56,820

55,853

54,366

29,589

-11,786

-22,346

19,424

25,214

21,025

22,175

-20,644

-19,049

-25,290

-51,472

-52,746

-47,974

-21,834

2,392

2,697

-34,605

-92,534

-125,769

-148,178

-116,759

-61,653

-24,307

-14,182

-6,741

301,931

300,503

317,829

321,159

24,187

26,844

27,792

21,709

0

0

0

Net increase in cash and cash equivalents

-71,824

-39,678

156,299

180,550

135,959

95,633

44,813

36,758

-84,391

-92,686

-92,035

-136,515

24,838

30,389

26,715

37,455

9,905

12,494

24,611

54,550

57,256

39,750

10,818

-35,587

-62,932

-41,861

-18,577

26,102

31,962

38,224

-12,499

-12,292

-8,973

2,167

74,416

50,921

40,835

29,973

0

0

0

Supplemental disclosure of cash flow information:
Cash paid for income taxes/(refunds received), net of refunds

-425

-5,298

1,421

4,244

17,311

22,225

21,179

18,811

17,887

17,995

13,165

17,532

16,008

20,326

28,737

28,102

27,274

22,878

31,222

25,867

21,381

21,144

14,373

18,544

23,504

34,922

24,435

30,059

28,797

20,490

26,072

20,759

19,956

17,474

11,227

10,309

11,425

10,949

0

0

0

Cash paid for interest

9,820

10,457

10,675

10,934

11,042

10,326

11,894

11,409

10,313

9,944

7,418

6,631

6,436

6,196

4,996

4,842

4,314

5,694

5,315

5,788

6,096

4,458

6,292

7,750

7,829

9,520

10,809

10,611

12,379

13,236

10,113

6,995

3,822

109

0

0

0

-

-

-

-

Supplemental disclosure of non-cash activities:
Change in balance of accrued property and equipment purchases

-3,926

-1,303

3,058

473

223

1,305

1,003

2,446

2,176

51

446

61

-682

684

161

-115

-108

729

1,028

131

1,985

1,610

1,659

1,703

1,181

1,725

5,212

4,907

4,072

4,439

5,123

5,469

6,309

5,294

2,568

3,314

3,101

2,804

0

0

0

Equipment purchased through capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,401

2,835

2,694

3,568

2,127

0

0

0

-

-

-

-

-

-

-

-

Decrease in appeals liability for lost appeals offset with a reduction in accounts receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-