KAR Auction Services, Inc. KAR Cash Flow

Kar auction services, inc. (KAR)

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
Operating activities
Net income
2,800	19,800	35,300	55,600	77,800	67,300	77,500	93,200	90,000	172,800	62,800	57,200	69,200	45,500	54,400	61,800	60,700	48,300	52,300	59,500	54,500	50,300	47,500	50,800	20,700	-17,600	22,800	33,400	29,100	22,900	19,200	23,900	26,000	14,500	32,200	-14,300	39,800
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
0	4,500	900	28,200	62,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
47,700	50,100	46,400	47,900	44,300	42,600	41,400	18,100	70,300	-23,700	66,200	64,500	64,500	64,700	60,500	59,000	56,400	56,000	54,100	51,800	50,900	51,300	48,900	48,300	48,100	48,500	49,600	49,000	47,300	46,800	46,800	48,000	48,600	48,300	43,800	43,600	44,100
Provision for credit losses
18,700	11,200	10,700	8,600	9,600	11,300	9,200	6,800	9,600	7,100	6,800	12,400	11,600	17,000	9,700	6,900	6,900	6,400	3,300	4,500	4,600	4,600	3,900	3,300	4,800	4,400	2,700	2,300	2,300	2,700	800	2,200	3,800	3,200	1,600	300	3,200
Deferred income taxes
-4,700	-5,800	-1,100	100	3,500	3,100	-1,600	-900	2,400	-80,200	1,100	9,900	-3,100	7,600	-4,600	-3,700	-3,500	19,400	-5,300	-5,900	-3,200	4,200	-7,200	-1,300	-20,200	11,400	7,300	2,100	1,900	14,900	-6,300	-7,700	-4,600	8,300	-6,900	-2,000	-2,900
Amortization of debt issuance costs
2,700	2,600	2,500	4,500	2,600	2,600	2,700	2,600	2,700	2,600	2,700	2,600	2,500	2,300	2,300	2,200	2,000	1,900	1,900	1,700	1,700	1,600	1,600	1,500	2,800	3,100	3,200	2,700	2,100	1,900	1,700	1,700	1,800	1,800	2,000	2,900	3,400
Stock-based compensation
5,000	5,000	4,300	3,900	6,400	4,300	5,700	3,200	6,400	3,600	5,800	5,200	5,800	3,900	4,400	4,600	5,200	2,700	3,200	3,200	2,600	1,500	5,700	5,700	15,100	50,400	12,400	5,000	-600	2,300	7,600	5,000	8,300	6,300	-8,500	11,500	7,700
Excess tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,500	1,500	3,500	900	700	700	1,800	-	-	-	-	-	-	-	-	-	-	-	-
Contingent consideration adjustment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,100	0	-100	-900	-	-	-	-
Loss (gain) on disposal of fixed assets
-	-	-	-	-	-100	100	-100	100	-200	0	200	300	0	-100	100	-100	-	-	-	-100	100	0	100	0	100	100	-400	100	-200	1,600	0	100	-	-	-	-
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-1,400	0	0	-4,000	0	0	0	0	0	0	0	-30,300	0	0	-1,600	-3,800	0	0	0	0	-	-	-	-
Other non-cash, net
-1,400	-4,100	-2,000	-2,300	-3,500	-2,200	-1,400	-400	4,400	300	-2,500	-2,000	-2,900	-3,100	-2,900	-1,500	-2,000	800	-1,200	-800	-800	-1,200	-400	-900	-1,100	5,600	-7,500	-1,900	-1,700	-5,600	-4,500	-1,600	-1,500	-3,400	-2,300	-1,200	-2,900
Changes in operating assets and liabilities, net of acquisitions:
Trade receivables and other assets
-210,700	-38,300	-104,400	-32,100	177,800	-109,300	-2,700	-88,900	249,900	-95,800	67,400	-70,000	94,300	16,200	-28,800	54,900	152,400	-37,000	24,700	11,200	128,100	-36,900	41,700	-55,700	103,200	-33,000	-13,300	-85,800	120,300	-15,300	24,800	-22,300	92,800	-46,400	-18,900	-66,600	130,400
Accounts payable and accrued expenses
-333,500	-31,200	-76,400	-15,200	142,600	-78,900	28,900	-47,400	225,300	-96,900	33,500	-19,200	83,200	-42,200	-32,300	17,300	88,700	-10,300	29,100	11,600	105,700	-47,000	37,900	-25,000	94,600	-4,300	-23,300	-52,000	123,600	-59,500	19,800	-1,300	81,100	-31,900	-38,600	-81,100	113,500
Net cash provided by operating activities - continuing operations
-49,200	89,700	129,400	111,700	50,000	111,700	121,200	53,400	152,300	-128,600	114,000	231,900	142,000	87,100	126,200	94,600	70,100	166,700	114,900	114,400	86,100	103,600	96,300	139,100	92,300	115,600	95,400	132,200	90,800	52,200	67,700	95,800	74,500	100,300	48,000	76,200	81,300
Net cash provided by operating activities - discontinued operations
0	4,500	900	118,300	37,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investing activities
Net decrease in finance receivables held for investment
-146,300	13,700	49,200	88,400	-18,600	48,400	27,200	33,400	29,600	110,000	74,900	-15,000	-21,400	17,700	55,200	37,900	65,600	118,800	58,900	124,200	-6,000	91,200	122,000	62,400	7,200	39,200	6,200	69,100	4,300	69,100	1,100	71,100	-14,800	80,000	21,700	43,000	-24,600
Acquisition of businesses (net of cash acquired)
0	0	0	0	120,700	21,900	0	0	23,300	25,400	0	47,000	0	-	-	-	-	2,900	100	93,200	21,900	1,000	30,400	0	500	17,000	600	27,200	1,000	600	0	500	0	210,100	300	-100	4,300
Purchases of property, equipment and computer software
29,600	34,000	49,200	46,100	32,300	48,600	31,300	12,700	38,700	-12,800	34,700	38,200	37,200	36,600	43,000	39,500	36,000	42,400	28,100	39,100	25,100	30,700	23,000	24,900	22,400	21,300	22,100	30,600	22,600	41,200	23,500	24,000	13,300	21,600	24,900	23,200	16,100
Advance to equity method investee
-	-	-	-	-	-	-	-	-	0	0	0	-5,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of property and equipment
-	-	-	-	-	-	-	-	100	-	0	200	100	0	0	0	0	-	-	-	-	-	-	-	-	0	100	0	100	0	5,600	0	100	-	-	-	-
(Increase) decrease in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	400	100	-1,300	1,200	-1,400	2,200	-2,800	800	200	1,100	-3,900	9,700	400	500	-3,700	4,200	-1,600	2,200	-1,100	1,500	-100	1,000	-2,800
Net cash used by investing activities - continuing operations
116,700	-47,700	-98,400	-134,500	-134,400	-118,900	-58,500	-46,200	-91,500	-122,900	-109,600	-70,000	-20,700	-132,700	-99,800	-430,800	-100,300	-165,100	-85,700	-258,600	-38,200	-122,700	-175,600	-88,300	-26,200	-87,200	-29,200	-127,400	-24,100	-115,100	-17,400	-97,800	2,700	-313,100	-46,600	-67,100	7,000
Net cash used by investing activities - discontinued operations
0	0	0	-15,800	-21,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financing activities
Net (decrease) increase in book overdrafts
-35,100	-13,900	-34,900	6,700	37,400	-29,200	-4,700	-9,900	23,100	-33,200	15,000	-14,700	31,400	-11,900	-7,300	-4,800	41,700	-7,400	-12,400	-10,200	40,700	-12,300	-7,900	-25,100	55,200	-34,900	-4,000	-14,400	57,000	-34,900	3,000	-46,200	54,000	-25,900	8,900	-14,600	64,100
Net (decrease) increase in borrowings from lines of credit
-1,800	1,800	-76,000	-15,300	108,800	0	0	0	0	0	0	-13,300	-67,200	80,500	0	0	-140,000	9,500	130,500	0	0	-	-	-	-	-	-	-	-	0	0	0	-68,900	-	-	-	-
Net decrease in obligations collateralized by finance receivables
-103,700	28,800	6,000	57,500	-88,500	95,400	5,000	4,000	-3,000	98,000	29,000	-21,000	-41,000	18,000	44,000	26,700	8,100	81,600	33,300	244,000	-9,100	9,300	62,400	40,000	-12,100	32,200	-11,400	79,900	-36,700	80,500	-3,200	48,100	-24,300	67,600	6,300	44,300	-28,000
Proceeds from long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,336,500	0	0	0	0	0	0	0	1,767,200	0	0	0	188,000	0	0	0	0	-	-	-	-
Payments of Debt Issuance Costs
-	-	-	-	-	-	-	-	-	0	800	21,700	100	13,300	0	0	19,500	0	100	10,800	0	600	0	0	11,700	0	0	9,500	16,500	3,400	0	0	0	-	-	-	-
Payments on long-term debt
2,400	2,400	455,500	1,280,400	10,700	9,000	4,400	3,600	0	8,800	5,300	2,416,500	6,100	8,200	8,000	8,800	637,600	4,600	8,100	4,400	4,400	2,900	6,000	4,400	1,771,800	3,500	3,100	41,500	4,600	4,200	4,300	4,200	4,300	-	-	-	-
Payment for early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	150,000	38,400	0	0	0	0	-	-	-	-
Payments on finance leases
4,400	3,700	5,300	2,200	4,700	4,400	3,400	-200	7,800	-8,400	6,800	7,500	7,400	6,800	7,100	5,500	6,200	5,600	5,300	4,800	4,800	5,100	5,100	4,400	4,800	4,300	3,800	3,800	3,800	3,300	3,800	3,600	3,200	2,400	3,800	1,200	1,100
Payments for Contingent Consideration and deferred Acquisition Costs
22,300	8,900	0	500	0	10,700	0	4,400	3,000	0	0	4,000	3,000	0	0	1,600	2,000	0	0	0	1,200	0	0	0	200	0	100	1,100	400	1,400	500	500	3,200	1,500	100	300	2,000
Issuance of common stock under stock plans
400	200	-1,300	4,700	700	800	5,800	2,800	5,600	1,600	2,900	2,600	4,300	2,300	3,200	8,500	3,100	3,900	4,800	4,800	9,200	6,700	4,800	8,200	7,900	4,500	7,800	9,300	3,700	500	1,600	900	300	0	500	4,400	1,100
Tax withholding payments for vested RSUs
3,400	300	100	200	10,200	100	100	300	9,700	200	0	2,100	3,600	9,500	0	100	900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,500	1,500	3,500	900	700	700	1,800	2,300	2,900	1,600	800	1,000	0	0	0	-	-	-	-
Repurchase and retirement of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	205,500	11,900	10,200	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid to stockholders
24,500	24,500	0	93,300	46,500	47,100	47,000	47,200	47,000	43,300	43,900	43,900	43,700	40,100	40,000	39,800	37,200	37,100	38,300	38,300	38,200	35,200	35,100	34,900	34,700	26,400	26,200	26,000	0	-	-	-	-	-	-	-	-
Net cash used by financing activities - continuing operations
-197,200	-23,300	247,100	-1,373,900	-13,700	-116,800	-48,800	-108,400	-41,800	-27,500	-110,900	174,200	-136,400	-69,400	-15,200	-25,400	546,000	33,800	-101,800	169,900	-14,500	-39,200	13,800	-19,900	-3,200	-30,100	-40,100	-155,500	149,100	8,800	-7,200	-5,500	-49,600	104,200	6,300	-51,600	34,100
Net cash used by financing activities - discontinued operations
0	0	0	1,322,200	-4,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes on cash
-23,700	5,800	-3,800	5,000	5,800	-15,500	4,900	-5,600	-4,200	-2,500	8,500	6,200	1,800	-4,600	-2,800	0	5,500	-5,700	-6,900	700	-7,900	-3,700	-4,900	3,200	-3,300	-2,700	1,800	-3,300	-2,400	-900	3,500	-600	200	2,400	-4,400	500	800
Net decrease in cash, cash equivalents and restricted cash
-153,400	29,000	275,200	33,000	-81,000	-119,200	80,800	24,800	14,800	-105,400	-98,000	342,300	-13,300	-119,600	8,400	-361,600	521,300	29,700	-79,500	26,400	25,500	-62,000	-70,400	34,100	59,600	-4,400	27,900	-154,000	213,400	-55,000	46,600	-8,100	27,800	-106,200	3,300	-42,000	123,200
Cash paid for interest, net of proceeds from interest rate derivatives
23,400	50,000	21,800	62,500	35,700	60,100	32,700	58,200	29,800	51,500	26,300	32,200	37,100	33,500	33,000	32,600	25,400	21,500	20,200	19,200	18,800	18,600	18,800	18,400	20,100	21,100	21,600	22,600	24,500	28,100	26,700	27,100	27,100	27,000	27,000	66,900	15,900
Cash paid for taxes, net of refunds
5,600	10,000	7,300	6,500	14,000	10,400	8,200	10,700	28,600	-21,700	37,400	15,100	39,300	21,700	31,500	35,500	32,900	27,900	29,700	38,100	34,200	22,800	30,400	29,400	19,600	10,200	10,800	11,600	14,200	20,800	7,600	20,300	16,600	6,600	7,200	6,500	16,200
Discontinued Operations
Cash paid for taxes, net of refunds
0	1,300	0	24,800	15,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-