HURON CONSULTING GROUP INC. HURN Cash Flow

Huron consulting group inc. (HURN)

CashFlow / Quarterly

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	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net income
-42,308	14,313	13,654	10,472	3,304	3,061	8,477	5,372	-3,264	-29,612	4,370	-150,173	5,298	4,154	12,292	15,169	6,002	19,343	19,374	18,833	1,502	12,793	12,219	19,913	34,126	22,120	17,171	15,805	11,337	18,602	10,463	6,507	856	6,505	489	9,469	4,056	-3,814	7,450	2,375	2,514
Adjustments to reconcile net income (loss) to cash flows from operating activities:
Depreciation and amortization
7,415	2,582	10,141	13,144	8,538	9,346	9,571	10,373	10,021	12,208	13,176	12,774	11,931	12,472	12,143	11,402	10,799	19,833	13,789	14,142	10,289	8,353	7,565	7,914	7,157	6,978	5,643	5,551	5,437	6,257	6,350	6,023	6,621	6,842	6,374	5,763	5,738	6,021	5,499	5,744	5,597
Noncash Operating Lease Expense
1,938	-	-	-	2,172	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Lease, Impairment Loss
0	-	5	60	740	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation
8,504	6,119	6,611	6,117	5,366	5,978	3,723	4,634	4,483	3,127	4,110	3,662	3,939	3,432	3,358	4,579	5,208	6,199	3,512	6,496	5,280	4,626	5,231	5,137	5,136	5,655	3,860	4,197	4,635	4,468	2,592	3,749	4,842	5,239	4,455	4,458	5,236	4,001	4,621	6,095	5,965
Amortization of debt discount and issuance costs
198	198	2,802	2,646	2,618	2,592	2,566	2,540	2,615	2,599	2,573	2,549	2,482	2,438	2,414	2,390	2,367	2,344	2,322	2,298	2,365	2,350	805	335	342	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill, Impairment Loss
59,816	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowances For Doubtful Accounts And Unbilled Services
21	59	21	111	59	84	183	189	201	-595	2,520	-54	1,346	-2,857	1,230	3,459	2,418	2,630	-571	870	-1,904	-2,911	9,110	-209	-72	1,258	-2,222	-1,578	6,953	-6,658	4,211	-4,734	2,246	-6,850	-3,227	1,503	182	-4,058	3,927	1,559	-1,078
Deferred Income Taxes and Tax Credits
-14,016	-	-	-	0	-	-	-	-	-2,691	1,623	-60,001	7,316	-3,791	101	-2,312	7,191	-7,054	10,216	475	2,716	6,279	-3,999	-4,013	9,829	-2,379	1,849	-870	6,083	-2,979	-726	-160	3,344	25,900	-9,221	10,442	2,581	-3,567	1,967	-7,135	7,872
Gain (Loss) on Disposition of Business
-102	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability
0	0	-630	-485	-391	2,844	887	-4,180	830	1,333	880	-1,102	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-66	0	46	-	-	-	-
Non-cash portion of litigation settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	508	588	-	-	-	-
Changes in operating assets and liabilities, net of divestiture:
(Increase) decrease in receivables from clients, net
-11,698	3,306	-167	12,113	-5,129	1,406	3,719	932	4,452	7,375	1,923	-4,285	-6,663	8,002	10,376	-4,984	-14,834	-11,889	7,175	1,003	6,547	-3,265	-31,486	32,436	-27,757	34,931	-8,624	-9,318	4,742	-10,181	18,349	-25,748	-2,133	5,170	23,826	11,325	-19,266	4,827	2,124	8,945	-15,342
Increase (Decrease) in Other Receivables
9,138	-	-	-	16,850	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Increase) decrease in unbilled services
-	-	-	-	-	-5,620	-2,979	3,702	15,991	-7,919	4,500	-6,531	14,282	-23,935	-5,060	7,189	19,363	-16,517	-16,003	-7,160	7,984	-5,809	6,800	2,891	34,329	-24,151	2,147	15,513	18,423	-15,031	10,924	4,230	-4,456	-13,969	2,215	-7,469	26,402	-23,178	9,509	-1,244	8,703
(Increase) decrease in current income tax receivable / payable, net
2,332	-6,119	4,075	2,996	3,490	-4,007	800	1,405	-805	242	-991	2,985	-2,026	-1,371	-2,469	7,677	-8,247	5,114	598	3,465	-359	-1,083	4,276	-263	-13,703	5,191	-423	-18,308	8,513	46,580	-7,335	-9,788	-2,379	17,538	-6,541	2,046	2,201	-4,328	-2,041	-13,751	7,014
(Increase) decrease in other assets
-4,304	-4,016	-583	2,189	2,554	-2,407	-372	387	3,753	-1,436	-1,149	2,123	828	765	-2,245	559	-10,983	9,361	1,256	5,941	-1,816	934	554	1,624	-5,436	-2,144	3,030	1,747	-2,459	1,239	-1,817	932	-1,853	-2,922	-657	2,031	-2,748	-2,254	-1,762	-703	2,445
Increase (decrease) in accounts payable and other liabilities
-3,708	-3,319	-3,432	-2,529	2,396	-8,398	1,182	-1,897	901	1,882	-5,126	2,275	4,701	-284	1,734	-634	-3,960	346	5,596	-7,023	9,886	-1,712	949	2,228	8,289	1,061	-2,130	3,747	-1,164	-5,443	-2,145	-6,130	3,492	-2,873	-1,453	-649	1,165	-1,948	-2,628	-8,302	9,213
Increase (decrease) in accrued payroll and related benefits
-84,910	32,189	28,612	23,689	-54,151	26,036	14,181	18,897	-23,633	10,962	10,498	10,891	-43,317	20,751	9,271	10,473	-37,451	18,289	3,604	15,336	-62,450	18,400	23,199	24,405	-57,169	33,833	16,740	11,169	-27,018	18,416	3,966	8,737	-36,795	19,184	10,847	10,936	-20,058	3,973	10,316	5,056	-52,784
Increase (decrease) in deferred revenues
1,606	-2,816	3,668	-2,415	1,845	-1,848	541	5,033	-3,416	2,435	787	510	-1,615	1,870	841	989	198	-2,648	-1,106	5,377	3,236	-313	-3,565	2,868	-1,964	2,066	92	-3,086	-34	-5,814	-3,345	-3,293	-7,978	4,566	9,416	945	3,755	1,036	2,624	-1,590	966
Net cash provided by (used in) operating activities
-56,146	80,475	57,952	32,082	-38,289	52,791	41,954	43,176	-36,263	47,363	29,146	41,678	-18,392	49,498	38,338	50,428	-9,021	84,618	64,906	60,485	-42,154	54,332	79,922	21,364	-9,165	67,496	45,041	25,711	-22,990	59,514	14,328	41,073	-12,551	54,556	22,803	35,442	-3,392	39,139	24,912	10,555	-24,555
Cash flows from investing activities:
Purchases of property and equipment, net
1,001	3,216	3,640	4,035	2,349	2,274	1,531	3,762	1,369	4,263	4,852	8,784	6,503	4,564	3,996	3,396	1,980	3,531	5,171	3,387	6,482	9,230	5,250	6,593	4,840	3,842	6,182	4,789	5,412	3,177	2,584	6,493	5,267	4,258	4,280	2,856	3,337	3,809	2,202	1,923	566
Purchases of businesses, net of cash acquired
-	-	-	-	-	0	0	0	215	0	3,459	1,639	101,817	0	20,062	35,071	14,000	7,200	776	183	331,807	2,277	303	33,961	17,430	-	-	-	-	1,391	20,696	1,838	31,298	1,039	-15	995	22,886	22,716	2,001	-48	63,277
Payments to Acquire Investments
13,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in life insurance policies
1,472	269	347	442	3,645	348	0	234	1,455	0	0	1,693	133	145	191	833	866	981	-304	186	4,941	624	354	630	167	160	188	147	507	31	305	-97	361	291	-475	475	143	-147	111	-822	171
Purchases of convertible debt investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	300	12,000	638	2,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capitalization of internally developed software costs
2,922	2,850	3,053	2,316	2,093	2,458	1,462	1,421	728	432	410	263	265	248	302	284	252	131	337	398	0	-	-	-	-	365	149	366	692	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from note receivable
-	-	-	-	-	-	-	-	-	1,000	0	0	177	0	0	0	0	-	-	-	-	0	0	109	219	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Divestiture of Businesses, Net of Cash Divested
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	4,250	0	3,692
Net cash used in investing activities
-18,395	-10,582	-9,540	-6,793	-8,087	-5,066	-3,490	-6,239	-3,767	-3,695	-5,832	-10,880	-108,541	-5,403	-24,551	-39,584	-17,098	96,344	-17,980	-4,792	-345,730	-12,131	-18,407	-41,075	-22,218	-34,367	-6,597	-5,083	-6,611	-5,494	-23,585	-8,234	-36,926	-4,800	-3,790	-4,326	-26,366	-26,378	-64	-1,053	-60,322
Cash flows from financing activities:
Proceeds from exercises of stock options
468	541	234	235	234	234	234	235	234	0	0	0	0	0	0	0	123	0	0	0	0	9	69	39	740	159	9	3	27	246	1	0	29	0	0	13	206	33	1	22	17
Shares redeemed for employee tax withholdings
7,133	176	746	75	4,385	96	371	36	2,684	396	191	78	4,181	116	392	68	4,377	1,960	544	165	4,485	192	321	73	3,067	689	179	16	565	564	49	115	3,710	1,895	95	94	2,437	171	80	188	1,111
Payments for Repurchase of Common Stock
22,115	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax benefit from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	294	89	2,734	145	360	1,125	3,477	980	132	439	803	260	72	137	1,116	883	11	44	156	571	360	115	245
Share repurchases
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-55,265	-21,093	0	-13,498	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from bank borrowings
281,000	241,500	18,000	47,000	40,500	24,500	40,500	47,800	91,500	36,500	35,500	26,500	179,000	32,000	52,000	45,500	70,500	42,000	15,500	59,000	197,500	-	-	-	-	12,500	17,500	44,000	22,000	29,000	105,500	45,500	93,000	52,301	61,500	61,500	107,000	66,000	65,500	70,000	162,000
Repayments of bank borrowings
38,131	86,630	24,129	67,129	14,627	46,127	79,625	75,925	58,124	70,663	63,582	55,500	51,000	68,000	63,000	63,000	30,000	151,250	65,500	91,500	57,500	6,250	83,750	57,750	6,250	18,750	23,750	65,250	12,000	59,000	96,500	76,000	42,500	95,250	81,750	94,000	77,500	78,500	89,000	78,000	80,000
Payments for debt issuance costs
-	-	-	-	-	0	0	0	1,385	13	0	0	395	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	14	14	20	16	21	21	21	-	-	-	-	4	2	1	5	7	10	16	29	42	67	72	76
Payment of Contingent Consideration Liabilities
-	-	-	-	-	-	-	-	-	-	0	938	873	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
214,089	-107,776	-8,139	-24,643	21,722	-23,549	-39,850	-32,832	29,541	-35,441	-28,273	-30,016	122,551	-36,116	-11,392	-17,568	-19,019	-135,420	-50,264	-46,088	138,229	-11,212	155,234	7,269	-5,121	-5,819	-12,318	-21,776	10,265	-32,062	6,540	-30,479	47,930	-45,968	-20,344	-32,553	27,396	-12,109	-23,286	-8,123	81,075
Effect of exchange rate changes on cash
-143	77	-40	5	73	-94	-41	-89	16	22	27	143	22	-55	8	-33	158	-567	-28	40	-34	-30	-54	19	14	40	47	7	-77	-8	157	-551	430	-181	-454	282	428	-1,050	1,210	726	-789
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect
139,405	-	-	-	-24,581	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents
-	-	-	-	-	24,082	-1,427	4,016	-10,473	8,249	-4,932	925	-4,360	7,924	2,403	-6,757	-44,980	44,975	-3,366	9,645	-249,689	30,959	216,695	-12,423	-36,490	27,350	26,173	-1,141	-19,413	21,950	-2,560	1,809	-1,117	3,607	-1,785	-1,155	-1,934	-398	2,772	2,105	-4,591
Non-cash investing and financing activities:
Non-cash investing and financing activities:
Property and equipment expenditures and capitalized software included in accounts payable and accrued expenses
3,716	-485	-757	1,929	1,913	858	17	-454	1,937	-2,482	-608	527	4,130	1,533	-320	1,787	1,461	-112	-1,522	1,863	1,860	778	716	-2,135	4,174	3,114	-1,588	1,424	1,598	-	-	-	-	-	-	-	-	-	-	-	-
Contingent consideration related to business acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	900	-	0	0	590	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock issued related to business acquisition
-	-	-	-	-	-	-	-	-	0	0	0	9,560	0	0	0	0	0	0	0	2,204	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-