Healthstream inc (HSTM)
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'11
OPERATING ACTIVITIES:
Net income

16,888

15,770

14,877

14,200

14,345

32,217

33,375

32,844

32,565

10,004

5,745

4,404

3,539

3,755

5,877

7,329

7,400

8,621

9,457

10,278

11,168

10,394

9,507

8,367

8,425

8,418

8,479

8,160

8,166

7,645

7,616

7,435

6,838

6,944

0

0

0

Income from discontinued operations

-

1,574

1,304

1,053

-57

18,966

19,885

20,654

21,807

1,166

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

28,779

27,869

26,763

25,620

24,697

24,231

24,270

24,235

24,218

24,047

22,264

22,048

21,128

20,366

20,825

19,709

18,884

16,997

15,141

13,317

11,783

10,931

9,978

9,202

8,377

7,852

7,694

7,328

7,003

6,661

6,323

6,120

5,903

5,412

0

0

0

Stock based compensation

4,278

4,244

4,114

4,005

1,874

1,777

1,801

1,742

1,751

1,736

1,620

1,731

1,799

1,895

2,009

1,937

3,371

3,280

3,190

3,138

1,650

1,625

1,592

1,582

1,532

1,458

1,387

1,305

1,204

1,136

1,028

955

840

788

0

0

0

Amortization of deferred commissions

8,400

8,300

8,300

8,200

8,000

7,700

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for doubtful accounts

497

211

442

691

645

1,033

1,438

1,488

1,758

1,568

1,070

820

700

590

440

405

367

284

251

286

174

237

190

90

165

115

0

0

0

-

-

-

-

-

-

-

-

Deferred income taxes

2,234

2,167

4,159

4,447

2,842

3,017

-2,193

-1,924

-2,062

-2,144

0

0

0

-

-

-

-

-

-

-

-

1,324

2,465

2,680

2,622

2,506

5,961

6,012

5,940

5,601

5,325

4,535

3,916

4,027

0

0

0

Loss (gain) on non-marketable equity investments

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash royalty expense

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss on equity method investments

-

-

-

-

-

42

25

5

7

-5

-19

191

158

120

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of non-marketable equity investments

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-3

72

0

0

0

-

-

-

-587

-409

-2,223

-1,370

-1,217

-1,026

1,309

1,622

1,515

1,401

1,250

1,028

1,243

1,394

1,579

1,698

1,728

1,660

0

0

0

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts and unbilled receivables

-5,645

-11,605

-3,709

-4,064

799

4,050

-2,568

2,904

5,297

-1,125

-3,313

-5,692

7,857

7,964

10,240

9,513

-2,666

736

2,150

77

534

6,690

4,635

7,470

7,676

10,056

6,536

2,598

6,220

-1,227

2,626

5,882

2,962

4,997

0

0

0

Prepaid royalties

-1,316

-1,698

-2,329

-1,904

-1,286

-1,639

-2,070

-2,127

-10

-2,046

711

3,522

3,412

4,008

2,351

-2,366

88

1,006

1,145

2,911

3,452

4,174

4,585

10,461

9,438

5,119

6,406

339

227

329

-72

-163

-546

263

0

0

0

Other prepaid expenses and other current assets

-5,346

-4,862

-834

-5,340

3,157

3,938

714

5,831

1,144

25

843

779

1,376

1,176

1,103

2,071

861

1,372

2,357

1,741

1,884

2,022

559

1,092

797

1,207

1,539

659

575

537

-97

751

329

283

0

0

0

Deferred commissions

9,699

9,479

10,483

10,696

11,305

11,577

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

-108

42

204

4,168

294

30

77

-3,752

-141

201

-231

435

85

-323

-786

-842

-1,701

-1,110

1,552

994

2,064

1,761

-158

-105

-104

-105

0

0

0

-

-

-282

-267

-212

0

0

0

Accounts payable and accrued expenses

709

1,098

11,742

6,035

2,696

2,008

-6,777

-2,875

686

5,784

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

833

-137

1,452

1,731

-1,011

2,442

-1,049

-286

1,628

1,254

1,294

407

-139

-1,529

-747

470

51

211

0

0

0

Accrued royalties

-1,921

979

-18

2,911

5,743

2,907

2,250

-371

1,498

-32

-649

2,635

1,883

3,675

5,464

655

1,340

-202

1,383

-3,677

-2,426

820

-1,452

7,541

7,348

3,399

0

0

0

-

-

-

-

-

-

-

-

Deferred revenue

-1,867

-1,920

1,992

2,155

3,086

5,103

1,570

6,285

4,324

-552

1,888

4,500

8,345

1,586

-1,019

-6,014

-3,926

6,173

7,979

8,495

15,753

17,471

17,775

24,063

18,081

14,761

10,938

2,778

3,607

-198

3,038

5,256

4,150

6,018

0

0

0

Accrued liabilities, accrued compensation and related expenses, and other long-term liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

951

3,075

8,228

6,599

6,906

5,434

5,178

5,483

3,979

5,593

2,012

1,090

3,169

542

-622

-314

-1,156

124

0

0

0

Net cash provided by continuing operating activities

-

-

-

-

-

44,250

40,055

37,644

37,098

42,604

41,258

44,768

33,233

23,888

24,381

16,071

31,622

34,917

31,100

31,285

34,069

34,256

32,518

37,797

32,393

27,054

0

0

0

-

-

-

-

-

-

-

-

Net cash (used in) provided by discontinued operating activities

-

-

-

-

-

-1,004

-205

1,226

1,636

4,108

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

55,688

65,657

66,992

64,651

50,782

43,246

39,850

38,870

38,734

46,712

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,869

19,861

19,626

19,755

0

0

0

INVESTING ACTIVITIES:
Business combinations, net of cash acquired

30,437

27,018

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

88,075

88,075

87,872

87,872

12,298

12,496

19,880

19,880

7,560

0

0

0

-

-

-

-

-

-

-

-

Proceeds from sale of discontinued operations, net of tax

-

-

-

-

-

44,049

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from maturities of marketable securities

72,977

80,589

68,177

62,366

77,729

68,992

79,959

93,726

90,333

90,073

100,764

94,766

97,819

119,395

104,556

90,523

86,550

54,799

50,647

53,442

43,273

52,625

59,357

55,812

71,703

82,661

106,672

114,022

104,050

78,075

35,130

22,005

9,500

8,135

0

0

0

Purchases of marketable securities

71,357

87,328

62,742

59,977

74,574

57,085

61,074

75,684

67,680

83,279

103,484

84,606

93,264

106,965

89,225

78,680

126,133

84,228

77,791

89,063

31,172

44,341

62,829

66,646

69,763

86,139

90,527

97,406

89,345

118,176

107,839

84,865

70,939

17,284

0

0

0

Payments to acquire non-marketable equity investments

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to acquire equity method investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,000

1,000

1,060

1,075

325

325

315

550

300

0

0

0

-

-

-

-

-

-

-

-

Proceeds for sale of long-lived assets

-

-

-

-

-

-

-

-

-

-

-

-

-

975

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments associated with capitalized software development

13,648

14,513

14,421

14,564

13,676

11,284

10,159

9,711

9,718

9,597

9,389

9,656

9,409

8,979

9,006

8,002

7,232

7,265

6,962

6,535

6,217

5,658

5,275

4,943

4,659

4,267

4,355

4,452

4,507

4,435

3,963

3,441

2,979

6,065

0

0

0

Purchases of property and equipment

11,669

21,997

24,275

23,494

16,646

7,166

5,029

5,127

6,442

5,515

5,764

5,230

3,052

4,806

5,952

7,274

8,466

8,094

7,512

6,175

5,753

4,544

5,074

5,624

4,804

4,444

3,545

3,550

4,297

4,316

3,740

4,316

4,170

4,115

0

0

0

Net cash (used in) provided by continuing investing activities

-

-

-

-

-

36,673

60,691

60,532

64,196

-8,818

-20,550

-56,840

-63,161

-55,635

-51,730

-6,599

-55,306

-134,863

-132,693

-138,263

-89,816

-15,541

-26,642

-36,534

-22,891

-14,987

0

0

0

-

-

-

-

-

-

-

-

Net cash used in discontinued investing activities

-

-

-

-

-

-115

-659

-1,401

-2,239

-2,761

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-48,049

-67,524

-62,351

-65,406

-63,498

36,558

60,032

59,131

61,957

-11,579

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-83,566

-73,521

-66,367

-17,108

0

0

0

Proceeds from exercise of stock options

-

214

214

244

245

2,582

2,673

2,735

2,682

413

373

281

189

145

94

145

136

328

550

909

892

1,094

1,133

2,098

2,867

3,318

3,089

1,783

1,127

823

1,013

1,404

1,639

1,242

0

0

0

Proceeds from borrowings under revolving line of credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

28,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Taxes paid related to net settlement of equity awards

1,048

1,034

1,033

1,023

400

338

337

320

342

412

415

406

395

316

314

310

831

756

754

757

222

161

166

158

158

164

0

0

0

-

-

-

-

-

-

-

-

Payments of earn-outs related to acquisitions

-

38

38

38

38

38

0

0

0

-

-

-

-

-

-

-

-

633

787

791

438

424

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of cash dividends

36

58

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

0

0

0

Net cash used in continuing financing activities

-

-

-

-

-

-

0

0

0

-

0

0

11

-

-272

2,838

71,713

99,961

104,107

100,609

31,466

3,743

3,948

4,948

5,655

6,105

0

0

0

-

-

-

-

-

-

-

-

Net cash used in discontinued financing activities

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-10,778

-916

-1,010

-973

-32,702

-30,251

-30,059

-29,975

2,303

1

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

56,164

56,553

56,788

56,389

0

0

0

Effect of exchange rate changes on cash and cash equivalents

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-3,185

-2,783

3,631

-1,728

-45,418

49,553

69,823

68,026

102,994

35,134

20,640

-12,252

-29,759

-32,376

-27,621

12,310

48,029

15

0

0

0

-

-

-

15,157

18,172

31,400

27,310

19,620

-35,539

-6,533

2,894

10,047

59,036

0

0

0

NON-CASH INVESTING AND FINANCING ACTIVITIES:
Issuance of common stock in connection with business combinations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,246

2,247

2,780

2,780

534

0

0

0

-

-

-

-

-

-

-

-