Heidrick & struggles international inc (HSII)
CashFlow / Quarterly
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'11
Cash flows - operating activities
Net Income (Loss) Attributable to Parent

8,666

10,555

9,947

14,280

12,087

11,195

16,469

11,463

10,168

-39,208

8,171

-18,248

650

493

6,940

6,655

1,325

1,260

7,490

4,956

3,426

762

2,992

3,787

-744

1,502

4,124

1,936

-1,215

-402

4,111

1,852

679

-4,089

-32,401

7,429

-4,661

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

2,337

2,388

2,635

2,614

2,734

2,964

3,065

3,309

3,184

3,504

3,704

3,758

3,808

4,757

4,031

3,973

3,672

3,713

3,323

2,928

3,732

3,953

3,711

3,798

3,850

4,229

4,019

3,882

4,145

2,718

2,791

2,514

2,778

3,056

2,896

2,206

2,105

Write-off of investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,810

Deferred income taxes

110

1,668

-536

176

336

-3,058

-91

-249

-98

13,650

-17

-17,704

2,381

4,125

-2,743

-1,258

2,270

-1,013

-119

-330

296

-5,396

1,071

4,163

399

-3,249

-1,926

335

1,091

822

-191

789

911

756

11,065

-1,907

657

Stock-based compensation expense

2,614

3,048

2,539

3,368

1,343

2,184

2,911

2,076

1,776

1,020

199

2,076

1,640

1,338

1,155

2,069

1,831

1,382

1,094

1,557

1,033

694

1,044

1,505

336

972

303

1,461

1,011

118

1,281

1,449

1,351

1,342

1,013

1,410

1,738

Accretion expense related to earnout payments

0

173

168

167

160

322

316

283

364

202

211

199

426

437

-360

213

345

433

276

287

298

546

409

476

423

531

518

516

517

-

-

-

-

-

-

-

-

Marketable Securities, Gain (Loss)

-111

-242

-237

-116

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Disposition of Assets

1

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (Decrease) in Accounts Receivable

-24,656

-

-

-

-20,167

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

507

303

-

-

-

-

Cash paid for restructuring charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36

81

302

303

313

385

2,080

2,909

3,754

6,833

98

79

481

Changes in assets and liabilities:
Accounts receivable

-

-

-

-

-

43,298

-4,660

-23,373

-32,024

30,721

-4,087

-11,337

-17,179

18,842

-3,129

-13,090

-17,048

-49,296

11,036

13,348

16,198

-23,784

-10,022

20,765

13,258

-18,446

-2,434

13,099

10,942

-24,910

2,572

7,787

8,263

-31,973

-4,702

16,356

9,500

Accounts payable

1,897

-850

834

-1,077

99

235

1,036

-926

-871

1,425

-14

388

-325

-1,329

3,281

-2,534

1,523

2,121

-1,569

-2,057

2,315

64

289

-2,680

214

1,877

-1,840

248

-789

2,694

-2,061

-1,149

45

-1,621

-1,157

-650

2,696

Accrued expenses

-147,265

55,121

62,820

30,722

-146,222

67,692

63,950

45,528

-105,644

56,373

42,515

17,557

-98,115

43,322

40,125

18,464

-105,719

42,568

43,259

28,303

-76,923

31,753

28,473

24,050

-54,297

24,961

28,611

21,079

-61,763

20,659

22,333

19,809

-91,003

18,676

28,771

24,213

-65,700

Changes in Restructuring Accrual

-138

-803

3,951

-508

-681

-784

-1,948

-3,243

-5,642

13,025

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

837

62

3,353

-1,654

-1,586

-2,084

2,811

-854

-1,772

-4,051

2,727

-537

3,871

-2,970

-2,386

-620

4,304

-4,157

782

2,911

228

-1,000

-3,823

13,306

-4,997

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable, net

4,082

-1,498

83

-6,531

2,496

2,760

1,063

-3,569

503

3,425

-2,062

1,695

323

1,260

636

5,100

-5,812

-156

662

849

-4,612

3,702

-1,160

3,509

-4,569

-534

3,338

2,291

-803

-5,127

7,078

8,214

17

-8,544

4,911

1,440

-4,693

Retirement and pension plan assets and liabilities

2,033

1,434

138

136

1,550

-473

-1,140

-1,511

1,632

267

-94

499

2,393

1,206

479

236

2,294

-1,211

-1,154

-85

1,308

4,377

270

-596

426

627

34

32

508

638

159

24

773

957

-872

182

400

Prepaid expenses

6,566

465

2,587

-10,006

6,499

2,523

2,463

927

-6,806

2,428

-280

1,253

-2,604

1,898

-3,002

1,338

-2,564

-5,442

493

-233

794

-764

-1,128

64

1,621

-2,582

2,901

-240

546

-2,972

-3,322

1,914

1,483

-802

-1,591

891

2,688

Other assets and liabilities, net

9,441

-1,317

3,050

-1,099

923

-987

-2,070

585

-2,276

8,626

-762

5,557

-7,795

-2,441

-9,080

13,675

-5,603

-1,587

-583

1,571

1,880

-11,319

1,432

659

1,034

-3,264

1,741

-1,942

-39

385

440

-758

1,428

-2,884

-3,722

-617

1,946

Net cash used in operating activities

165,600

43,226

157,302

33,390

-155,273

125,787

84,175

30,446

-137,506

102,971

50,211

24,314

-110,526

70,938

35,947

34,221

-119,182

77,623

43,098

24,633

-87,771

58,812

42,994

29,866

-74,908

55,898

36,635

20,560

-69,060

55,652

33,758

22,157

-99,074

55,426

50,997

17,614

-79,263

Cash flows - investing activities
Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-727

-13,002

6,501

0

0

0

0

-50

1

239

-137

-76

24

0

26

6,512

-51

0

-231

-70

-705

-180

872

Payments to Acquire Businesses, Gross

-

-

-

-

-

-

-42

-49

3,210

-

250

114

0

-

18,716

236

8,770

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to Acquire Property, Plant, and Equipment

1,753

711

848

895

898

1,021

2,391

1,366

1,182

861

2,718

6,280

4,163

3,172

1,087

371

721

2,530

3,649

3,966

6,282

750

742

740

1,127

1,811

562

413

945

1,256

1,134

2,764

2,350

1,766

6,463

5,360

4,427

Purchases of available-for-sale investments

2,125

47,265

42,669

38,799

1,678

155

155

143

1,748

152

154

157

1,806

114

114

115

2,132

124

126

122

1,154

67

68

74

754

88

90

95

476

98

97

105

821

187

192

192

415

Proceeds from sales of available-for-sale investments

61,395

28,806

38,930

119

113

105

1,326

1,419

145

133

897

118

256

25

266

125

119

128

375

136

119

118

374

125

467

97

91

33

31

30

30

29

48

25

28

15

15

Loan to equity method investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1

1,007

Net cash provided by (used in) investing activities

57,517

-19,170

-8,107

-39,575

-2,463

-1,035

-1,178

-41

-5,995

-880

-2,225

-6,433

-5,713

-10,489

-18,924

-597

-5,003

-12,838

-3,400

-3,952

-7,317

-649

-437

-928

-1,277

-2,749

-585

-475

-1,416

-60,369

-1,150

-2,840

-2,892

-1,873

-9,763

-5,358

-6,706

Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations

-5,296

-

-

-

130

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of Lines of Credit

-

-

-

-

-

0

0

12,000

8,000

0

0

25,000

15,000

0

0

0

0

0

26,500

1,500

1,500

1,500

1,500

1,500

1,500

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows - financing activities
Proceeds from Lines of Credit

100,000

0

0

0

0

0

0

0

20,000

0

0

0

40,000

0

0

0

0

-

-

-

-

-

-

-

-

0

0

0

40,000

-

-

-

0

-

-

-

-

Cash dividends paid

3,002

2,969

2,963

2,968

2,935

2,608

2,531

2,571

2,471

2,435

2,517

2,561

2,598

2,513

2,496

2,496

2,450

2,495

2,493

2,492

2,511

2,500

2,515

2,377

2,472

2,385

2,356

2,412

107

4,697

2,348

2,401

2,545

2,343

2,324

2,484

2,572

Payment of employee tax withholdings on equity transactions

1,550

0

0

0

4,552

0

1

0

2,233

0

0

0

2,392

0

0

0

2,676

0

58

0

820

0

0

24

382

66

71

215

361

23

61

415

1,154

101

3

531

2,218

Payment for Contingent Consideration Liability, Financing Activities

2,788

-

1,446

0

407

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment Of Contingent Consideration

-

-

-

-

-

-

-

-

-

-

-

-

2,189

-

0

7,074

387

-

0

4,773

723

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-92,660

-2,969

-4,409

-2,968

-7,894

-7,181

-2,532

-14,571

7,296

-2,435

-2,577

-29,869

17,821

386

-2,496

-9,570

-5,513

-2,546

-29,092

-9,146

-5,554

-4,000

-4,015

-7,291

-4,354

-3,951

-3,927

-4,484

39,532

-4,720

-3,532

-3,197

-3,699

-2,444

-2,327

-3,015

-4,790

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

-

-

-

-

-

-2,123

-2,083

-3,397

2,038

2,167

2,146

1,865

1,755

-3,005

57

-710

1,293

-747

-1,530

724

-3,085

-2,348

-2,355

298

298

-342

972

-1,566

-1,001

-95

1,210

-1,909

2,915

-1,218

-6,486

1,667

1,805

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

-20,719

95,347

71,058

-9,448

-165,500

115,448

78,382

12,437

-134,167

101,823

47,555

-10,123

-96,663

57,830

14,584

23,344

-128,405

61,492

9,076

12,259

-103,727

51,815

36,187

21,945

-80,241

48,856

33,095

14,035

-31,945

-9,532

30,286

14,211

-102,750

49,891

32,421

10,908

-88,954

Supplemental disclosures of cash flow information