Huron consulting group inc. (HURN)
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
Cash flows from operating activities:
Net income

-3,869

41,743

30,491

25,314

20,214

13,646

-19,027

-23,134

-178,679

-170,117

-136,351

-128,429

36,913

37,617

52,806

59,888

63,552

59,052

52,502

45,347

46,427

79,051

88,378

93,330

89,222

66,433

62,915

56,207

46,909

36,428

24,331

14,357

17,319

20,519

10,200

17,161

10,067

8,525

0

0

0

Adjustments to reconcile net income (loss) to cash flows from operating activities:
Depreciation and amortization

33,282

34,405

41,169

40,599

37,828

39,311

42,173

45,778

48,179

50,089

50,353

49,320

47,948

46,816

54,177

55,823

58,563

58,053

46,573

40,349

34,121

30,989

29,614

27,692

25,329

23,609

22,888

23,595

24,067

25,251

25,836

25,860

25,600

24,717

23,896

23,021

23,002

22,861

0

0

0

Noncash Operating Lease Expense

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating Lease, Impairment Loss

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation

27,351

24,213

24,072

21,184

19,701

18,818

15,967

16,354

15,382

14,838

15,143

14,391

15,308

16,577

19,344

19,498

21,415

21,487

19,914

21,633

20,274

20,130

21,159

19,788

18,848

18,347

17,160

15,892

15,444

15,651

16,422

18,285

18,994

19,388

18,150

18,316

19,953

20,682

0

0

0

Amortization of debt discount and issuance costs

5,844

8,264

10,658

10,422

10,316

10,313

10,320

10,327

10,336

10,203

10,042

9,883

9,724

9,609

9,515

9,423

9,331

9,329

9,335

7,818

5,855

3,832

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill, Impairment Loss

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Allowances For Doubtful Accounts And Unbilled Services

212

250

275

437

515

657

-22

2,315

2,072

3,217

955

-335

3,178

4,250

9,737

7,936

5,347

1,025

-4,516

5,165

4,086

5,918

10,087

-1,245

-2,614

4,411

-3,505

2,928

-228

-4,935

-5,127

-12,565

-6,328

-8,392

-5,600

1,554

1,610

350

0

0

0

Deferred Income Taxes and Tax Credits

0

-

-

-

0

-

-

-

-

-53,753

-54,853

-56,375

1,314

1,189

-2,074

8,041

10,828

6,353

19,686

5,471

983

8,096

-562

5,286

8,429

4,683

4,083

1,508

2,218

-521

28,358

19,863

30,465

29,702

235

11,423

-6,154

-863

0

0

0

Gain (Loss) on Disposition of Business

-102

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability

-1,115

-1,506

1,338

2,855

-840

381

-1,130

-1,137

1,941

1,111

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-20

0

0

0

-

-

-

-

Non-cash portion of litigation settlement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,096

0

0

0

-

-

-

-

Changes in operating assets and liabilities, net of divestiture:
(Increase) decrease in receivables from clients, net

3,554

10,123

8,223

12,109

928

10,509

16,478

14,682

9,465

-1,650

-1,023

7,430

6,731

-1,440

-21,331

-24,532

-18,545

2,836

11,460

-27,201

4,232

-30,072

8,124

30,986

-10,768

21,731

-23,381

3,592

-12,838

-19,713

-4,362

1,115

38,188

21,055

20,712

-990

-3,370

554

0

0

0

Increase (Decrease) in Other Receivables

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Increase) decrease in unbilled services

-

-

-

-

-

11,094

8,795

16,274

6,041

4,332

-11,684

-21,244

-7,524

-2,443

4,975

-5,968

-20,317

-31,696

-20,988

1,815

11,866

38,211

19,869

15,216

27,838

11,932

21,052

29,829

18,546

-4,333

-3,271

-11,980

-23,679

7,179

-2,030

5,264

11,489

-6,210

0

0

0

(Increase) decrease in current income tax receivable / payable, net

3,284

4,442

6,554

3,279

1,688

-2,607

1,642

-149

1,431

210

-1,403

-2,881

1,811

-4,410

2,075

5,142

930

8,818

2,621

6,299

2,571

-10,773

-4,499

-9,198

-27,243

-5,027

36,362

29,450

37,970

27,078

-1,964

-1,170

10,664

15,244

-6,622

-2,122

-17,919

-13,106

0

0

0

(Increase) decrease in other assets

-6,714

144

1,753

1,964

162

1,361

2,332

1,555

3,291

366

2,567

1,471

-93

-11,904

-3,308

193

5,575

14,742

6,315

5,613

1,296

-2,324

-5,402

-2,926

-2,803

174

3,557

-1,290

-2,105

-1,499

-5,660

-4,500

-3,401

-4,296

-3,628

-4,733

-7,467

-2,274

0

0

0

Increase (decrease) in accounts payable and other liabilities

-12,988

-6,884

-11,963

-7,349

-6,717

-8,212

2,068

-4,240

-68

3,732

1,566

8,426

5,517

-3,144

-2,514

1,348

-5,041

8,805

6,747

2,100

11,351

9,754

12,527

9,448

10,967

1,514

-4,990

-5,005

-14,882

-10,226

-7,656

-6,964

-1,483

-3,810

-2,885

-4,060

-11,713

-3,665

0

0

0

Increase (decrease) in accrued payroll and related benefits

-420

30,339

24,186

9,755

4,963

35,481

20,407

16,724

8,718

-10,966

-1,177

-2,404

-2,822

3,044

582

-5,085

-222

-25,221

-25,110

-5,515

3,554

8,835

24,268

17,809

4,573

34,724

19,307

6,533

4,101

-5,676

-4,908

1,973

4,172

20,909

5,698

5,167

-713

-33,439

0

0

0

Increase (decrease) in deferred revenues

43

282

1,250

-1,877

5,571

310

4,593

4,839

316

2,117

1,552

1,606

2,085

3,898

-620

-2,567

1,821

4,859

7,194

4,735

2,226

-2,974

-595

3,062

-2,892

-962

-8,842

-12,279

-12,486

-20,430

-10,050

2,711

6,949

18,682

15,152

8,360

5,825

3,036

0

0

0

Net cash provided by (used in) operating activities

114,363

132,220

104,536

88,538

99,632

101,658

96,230

83,422

81,924

99,795

101,930

111,122

119,872

129,243

164,363

190,931

200,988

167,855

137,569

152,585

113,464

146,453

159,617

124,736

129,083

115,258

107,276

76,563

91,925

102,364

97,406

105,881

100,250

109,409

93,992

96,101

71,214

50,051

0

0

0

Cash flows from investing activities:
Purchases of property and equipment, net

11,892

13,240

12,298

10,189

9,916

8,936

10,925

14,246

19,268

24,402

24,703

23,847

18,459

13,936

12,903

14,078

14,069

18,571

24,270

24,349

27,555

25,913

20,525

21,457

19,653

20,225

19,560

15,962

17,666

17,521

18,602

20,298

16,661

14,731

14,282

12,204

11,271

8,500

0

0

0

Purchases of businesses, net of cash acquired

-

-

-

-

-

215

215

3,674

5,313

106,915

106,915

123,518

156,950

69,133

76,333

57,047

22,159

339,966

335,043

334,570

368,348

53,971

0

0

0

-

-

-

-

55,223

54,871

34,160

33,317

24,905

46,582

48,598

47,555

87,946

0

0

0

Payments to Acquire Investments

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in life insurance policies

2,530

4,703

4,782

4,435

4,227

2,037

1,689

1,689

3,148

1,826

1,971

2,162

1,302

2,035

2,871

2,376

1,729

5,804

5,447

6,105

6,549

1,775

1,311

1,145

662

1,002

873

990

746

600

860

80

652

434

-4

582

-715

-687

0

0

0

Purchases of convertible debt investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,438

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capitalization of internally developed software costs

11,141

10,312

9,920

8,329

7,434

6,069

4,043

2,991

1,833

1,370

1,186

1,078

1,099

1,086

969

1,004

1,118

866

0

0

0

-

-

-

-

1,572

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from note receivable

-

-

-

-

-

-

-

-

-

1,177

177

177

177

0

0

0

0

-

-

-

-

328

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Divestiture of Businesses, Net of Cash Divested

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,250

7,942

0

0

0

Net cash used in investing activities

-45,310

-35,002

-29,486

-23,436

-22,882

-18,562

-17,191

-19,533

-24,174

-128,948

-130,656

-149,375

-178,079

-86,636

15,111

21,682

56,474

-272,158

-380,633

-381,060

-417,343

-93,831

-116,067

-104,257

-68,265

-52,658

-23,785

-40,773

-43,924

-74,239

-73,545

-53,750

-49,842

-39,282

-60,860

-57,134

-53,861

-87,817

0

0

0

Cash flows from financing activities:
Proceeds from exercises of stock options

1,478

1,244

937

937

937

937

703

469

234

0

0

0

0

123

123

123

123

0

9

78

117

857

1,007

947

911

198

285

277

274

276

30

29

42

219

252

253

262

73

0

0

0

Shares redeemed for employee tax withholdings

8,130

5,382

5,302

4,927

4,888

3,187

3,487

3,307

3,349

4,846

4,566

4,767

4,757

4,953

6,797

6,949

7,046

7,154

5,386

5,163

5,071

3,653

4,150

4,008

3,951

1,449

1,324

1,194

1,293

4,438

5,769

5,815

5,794

4,521

2,797

2,782

2,876

1,550

0

0

0

Payments for Repurchase of Common Stock

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax benefit from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,262

3,328

4,364

5,107

5,942

5,714

5,028

2,354

1,634

1,574

1,272

1,585

2,208

2,147

2,054

1,094

782

1,131

1,202

1,291

0

0

0

Share repurchases

-

-

-

-

-

-

-

-

-

-

-

-

-

-55,265

-76,358

-76,358

-89,856

-34,591

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from bank borrowings

587,500

347,000

130,000

152,500

153,300

204,300

216,300

211,300

190,000

277,500

273,000

289,500

308,500

200,000

210,000

173,500

187,000

314,000

0

0

0

-

-

-

-

96,000

112,500

200,500

202,000

273,000

296,301

252,301

268,301

282,301

296,000

300,000

308,500

363,500

0

0

0

Repayments of bank borrowings

216,019

192,515

152,012

207,508

216,304

259,801

284,337

268,294

247,869

240,745

238,082

237,500

245,000

224,000

307,250

309,750

338,250

365,750

220,750

239,000

205,250

154,000

166,500

106,500

114,000

119,750

160,000

232,750

243,500

274,000

310,250

295,500

313,500

348,500

331,750

339,000

323,000

325,500

0

0

0

Payments for debt issuance costs

-

-

-

-

-

1,385

1,398

1,398

1,398

408

395

395

395

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

48

64

71

78

79

0

0

0

-

-

-

-

12

15

23

38

62

97

154

210

257

0

0

0

Payment of Contingent Consideration Liabilities

-

-

-

-

-

-

-

-

-

-

1,811

1,811

873

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

73,531

-118,836

-34,609

-66,320

-74,509

-66,690

-78,582

-67,005

-64,189

28,821

28,146

45,027

57,475

-84,095

-183,399

-222,271

-250,791

-93,543

30,665

236,163

289,520

146,170

151,563

-15,989

-45,034

-29,648

-55,891

-37,033

-45,736

-8,071

-21,977

-48,861

-50,935

-71,469

-37,610

-40,552

-16,122

37,557

0

0

0

Effect of exchange rate changes on cash

-101

115

-56

-57

-151

-208

-92

-24

208

214

137

118

-58

78

-434

-470

-397

-589

-52

-78

-99

-51

19

120

108

17

-31

79

-479

28

-145

-756

77

75

-794

870

1,314

97

0

0

0

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

16,198

365

-3,140

-6,231

-118

-443

6,892

-790

-41,410

-4,359

-10,128

6,274

-198,435

-212,451

7,610

-14,458

198,741

195,132

4,610

15,892

32,969

27,569

-1,164

1,786

20,082

1,739

2,514

-450

-1,267

-5,272

-715

2,545

-112

0

0

0

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

4,403

2,600

3,943

4,717

2,334

2,358

-982

-1,607

-626

1,567

5,582

5,870

7,130

4,461

2,816

1,614

1,690

2,089

2,979

5,217

1,219

3,533

5,869

3,565

7,124

4,548

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration related to business acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock issued related to business acquisition

-

-

-

-

-

-

-

-

-

9,560

9,560

9,560

9,560

0

0

0

0

2,204

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-