Heidrick & struggles international inc (HSII)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows - operating activities
Net Income (Loss) Attributable to Parent

46,869

49,295

-48,635

15,413

17,132

6,797

6,347

6,240

-33,722

7,493

-20,908

Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization

10,371

12,522

14,774

16,433

13,696

15,312

16,275

10,801

10,263

11,584

11,265

Write-off of investment

-

-

-

-

-

-

-

-

2,810

-

2,977

Write-off of software development project

-

-

-

-

-

-

-

-

-

-

1,329

Deferred income taxes

1,644

-3,496

-1,690

2,394

-1,166

237

-3,749

2,331

10,571

7,093

-10,107

Net realized (gains) losses on investments

-

-

-

-

-

-

-

-

-211

-1,509

-2,054

Stock-based compensation expense

10,298

8,947

4,935

6,393

5,066

3,579

3,747

4,199

5,503

7,765

19,016

Accretion expense related to earnout payments

668

1,285

1,038

635

1,294

1,854

2,082

-

-

-

-

Marketable Securities, Gain (Loss)

-595

0

0

-

-

-

-

-

-

-

-

Goodwill and Intangible Asset Impairment

0

0

50,722

0

0

-

-

-

26,366

-

4,080

Other operating income

-

-

-

-

-

-

-

-

-

1,072

1,661

Restructuring charges

-

-

-

-

-

-

-

810

16,344

1,621

22,640

Cash paid for restructuring charges

-

-

-

-

-

142

999

9,128

7,491

3,439

25,020

Changes in assets and liabilities:
Accounts receivable

6,899

-16,759

-1,882

-14,425

-8,714

217

3,161

-6,288

-10,819

17,211

-7,786

Accounts payable

-994

-526

1,474

941

810

-2,113

-504

-471

-732

2,203

-566

Accrued expenses

2,441

71,526

18,330

-3,808

37,207

29,979

12,888

-28,202

5,960

65,162

-86,708

Changes in Restructuring Accrual

1,959

-11,617

13,025

0

0

-

-

-

-

-

-

Deferred revenue

175

-1,899

2,010

-1,672

-236

3,486

2,735

6,447

-

-

-

Income taxes payable, net

-5,450

757

3,381

1,184

-3,257

1,482

4,292

10,182

-6,886

3,726

-4,848

Retirement and pension plan assets and liabilities

3,258

-1,492

3,065

4,215

-1,142

4,477

1,201

1,594

667

-483

1,649

Prepaid expenses

-455

-893

797

-2,330

-4,388

-207

625

-2,897

1,186

-672

-4,397

Other assets and liabilities, net

1,557

-4,748

5,626

-3,449

1,281

-8,194

-3,504

1,495

-5,277

2,329

552

Net cash used in operating activities

78,645

102,902

66,970

21,924

57,583

56,764

44,033

12,493

44,774

84,294

-73,177

Cash flows - investing activities
Restricted cash

-

-

-

-

0

53

-26

6,230

-83

-2,620

-5,058

Acquisition of business, net of cash acquired

-3,520

-3,083

-364

27,722

10,312

0

1,023

52,733

3,930

554

15,453

Payments to Acquire Property, Plant, and Equipment

3,352

5,960

14,022

5,351

16,427

3,359

3,731

7,504

18,016

17,564

12,274

Purchase of equity method investment

-

-

-

-

-

-

-

-

-

-

1,300

Purchases of available-for-sale investments

130,411

2,201

2,269

2,475

1,526

963

749

1,121

986

1,046

305

Proceeds from sales of available-for-sale investments

67,968

2,995

1,404

535

758

1,084

252

137

83

292

753

Loan to equity method investment

-

-

-

-

-

-

-

-

1,008

-

-

Other, net

-

-

-

-

-

-

-

-200

-74

-

-90

Net cash provided by (used in) investing activities

-69,315

-8,249

-15,251

-35,013

-27,507

-3,291

-5,225

-67,251

-23,700

-16,252

-23,431

Purchases of treasury stock

-

-

-

-

-

-

-

1,123

-

-

-

Acquisition earnout payments

1,853

3,592

4,557

4,562

5,496

3,390

357

381

-

-

-

Repayments of Lines of Credit

0

20,000

40,000

0

29,500

6,000

4,500

-

-

-

-

Cash flows - financing activities
Proceeds from Lines of Credit

0

20,000

40,000

0

0

-

40,000

-

-

-

-

Debt issuance costs

0

981

0

0

473

0

0

-

-

-

-

Proceeds from stock options exercised

-

-

-

-

-

-

-

-

-

-

1,238

Cash dividends paid

11,835

10,181

10,111

9,955

9,991

9,864

7,260

11,991

9,723

9,696

9,332

Payment of employee tax withholdings on equity transactions

4,552

2,234

2,392

2,676

878

406

713

1,653

2,853

4,585

3,386

Net cash provided by (used in) financing activities

-18,240

-16,988

-17,060

-17,193

-46,338

-19,660

27,170

-15,148

-12,576

-14,281

-11,480

Effect of exchange rate fluctuations on cash, cash equivalents and restricted cash

367

-5,565

7,933

-2,365

-4,638

-4,107

-1,937

2,121

-4,232

4,333

-3,413

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect

-8,543

72,100

42,592

-32,647

-20,900

29,706

64,041

-67,785

4,266

58,094

-111,501

Supplemental Schedule of Non-cash Financing Activities:
Term loan facility retirement

-

-

-

-

26,500

0

0

-

-

-

-

Subsequent drawing on line of credit

-

-

-

-

26,500

0

0

-

-

-

-

Supplemental disclosures of cash flow information
Income taxes

27,338

22,616

14,814

16,817

16,936

14,175

6,650

8,191

14,010

5,520

4,777

Interest

0

67

193

41

442

861

879

21

4

10

12