KAR Auction Services, Inc. KAR Cash Flow

Kar auction services, inc. (KAR)

CashFlow / TTM

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
113,500	188,500	236,000	278,200	315,800	328,000	433,500	418,800	382,800	362,000	234,700	226,300	230,900	222,400	225,200	223,100	220,800	214,600	216,600	211,800	203,100	169,300	101,400	76,700	59,300	67,700	108,200	104,600	95,100	92,000	83,600	96,600	58,400	72,200	0	0	0
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
33,600	96,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
192,100	188,700	181,200	176,200	146,400	172,400	106,100	130,900	177,300	171,500	259,900	254,200	248,700	240,600	231,900	225,500	218,300	212,800	208,100	202,900	199,400	196,600	193,800	194,500	195,200	194,400	192,700	189,900	188,900	190,200	191,700	188,700	184,300	179,800	0	0	0
Provision for credit losses
49,200	40,100	40,200	38,700	36,900	36,900	32,700	30,300	35,900	37,900	47,800	50,700	45,200	40,500	29,900	23,500	21,100	18,800	17,000	17,600	16,400	16,600	16,400	15,200	14,200	11,700	10,000	8,100	8,000	9,500	10,000	10,800	8,900	8,300	0	0	0
Deferred income taxes
-11,500	-3,300	5,600	5,100	4,100	3,000	-80,300	-77,600	-66,800	-72,300	15,500	9,800	-3,800	-4,200	7,600	6,900	4,700	5,000	-10,200	-12,100	-7,500	-24,500	-17,300	-2,800	600	22,700	26,200	12,600	2,800	-3,700	-10,300	-10,900	-5,200	-3,500	0	0	0
Amortization of debt issuance costs
12,300	12,200	12,200	12,400	10,500	10,600	10,600	10,600	10,600	10,400	10,100	9,700	9,300	8,800	8,400	8,000	7,500	7,200	6,900	6,600	6,400	7,500	9,000	10,600	11,800	11,100	9,900	8,400	7,400	7,100	7,000	7,300	8,500	10,100	0	0	0
Stock-based compensation
18,200	19,600	18,900	20,300	19,600	19,600	18,900	19,000	21,000	20,400	20,700	19,300	18,700	18,100	16,900	15,700	14,300	11,700	10,500	13,000	15,500	28,000	76,900	83,600	82,900	67,200	19,100	14,300	14,300	23,200	27,200	11,100	17,600	17,000	0	0	0
Excess tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,400	6,600	5,800	4,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Contingent consideration adjustment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,100	0	0	0	-	-	-	-
Loss (gain) on disposal of fixed assets
-	-	-	-	-	0	-100	-200	100	300	500	400	300	-100	0	0	0	-	-	-	100	200	200	300	-200	-100	-400	1,100	1,500	1,500	0	0	0	-	-	-	-
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-5,400	-4,000	-4,000	-4,000	0	0	0	0	-30,300	-30,300	-30,300	-31,900	-5,400	-5,400	-5,400	-3,800	0	0	0	0	-	-	-	-
Other non-cash, net
-9,800	-11,900	-10,000	-9,400	-7,500	400	2,900	1,800	200	-7,100	-10,500	-10,900	-10,400	-9,500	-5,600	-3,900	-3,200	-2,000	-4,000	-3,200	-3,300	-3,600	3,200	-3,900	-4,900	-5,500	-16,700	-13,700	-13,400	-13,200	-11,000	-8,800	-8,400	-9,800	0	0	0
Changes in operating assets and liabilities, net of acquisitions:
Trade receivables and other assets
-385,500	3,000	-68,000	33,700	-23,100	49,000	62,500	132,600	151,500	-4,100	107,900	11,700	136,600	194,700	141,500	195,000	151,300	127,000	127,100	144,100	77,200	52,300	56,200	1,200	-28,900	-11,800	5,900	44,000	107,500	80,000	48,900	5,200	-39,100	-1,500	0	0	0
Accounts payable and accrued expenses
-456,300	19,800	-27,900	77,400	45,200	127,900	109,900	114,500	142,700	600	55,300	-10,500	26,000	31,500	63,400	124,800	119,100	136,100	99,400	108,200	71,600	60,500	103,200	42,000	15,000	44,000	-11,200	31,900	82,600	40,100	67,700	9,300	-70,500	-38,100	0	0	0
Net cash provided by operating activities - continuing operations
281,600	380,800	402,800	394,600	336,300	438,600	198,300	191,100	369,600	359,300	575,000	587,200	449,900	378,000	457,600	446,300	466,100	482,100	419,000	400,400	425,100	431,300	443,300	442,400	435,500	434,000	370,600	342,900	306,500	290,200	338,300	318,600	299,000	305,800	0	0	0
Net cash provided by operating activities - discontinued operations
123,700	161,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investing activities
Net decrease in finance receivables held for investment
5,000	132,700	167,400	145,400	90,400	138,600	200,200	247,900	199,500	148,500	56,200	36,500	89,400	176,400	277,500	281,200	367,500	295,900	268,300	331,400	269,600	282,800	230,800	115,000	121,700	118,800	148,700	143,600	145,600	126,500	137,400	158,000	129,900	120,100	0	0	0
Acquisition of businesses (net of cash acquired)
0	120,700	142,600	142,600	142,600	45,200	48,700	48,700	95,700	72,400	0	0	0	-	-	-	-	118,100	116,200	146,500	53,300	31,900	47,900	18,100	45,300	45,800	29,400	28,800	2,100	1,100	210,600	210,900	210,300	214,600	0	0	0
Purchases of property, equipment and computer software
158,900	161,600	176,200	158,300	124,900	131,300	69,900	73,300	98,800	97,300	146,700	155,000	156,300	155,100	160,900	146,000	145,600	134,700	123,000	117,900	103,700	101,000	91,600	90,700	96,400	96,600	116,500	117,900	111,300	102,000	82,400	83,800	83,000	85,800	0	0	0
Advance to equity method investee
-	-	-	-	-	-	-	-	-	-5,000	-5,000	-5,000	-5,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of property and equipment
-	-	-	-	-	-	-	-	700	-	300	300	100	0	0	0	0	-	-	-	-	-	-	-	-	200	200	5,700	5,700	5,700	0	0	0	-	-	-	-
(Increase) decrease in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	400	-1,400	700	-800	-1,200	400	-700	-1,800	7,100	7,300	6,700	6,900	1,400	-600	1,100	3,700	1,000	2,500	1,300	-400	0	0	0
Net cash used by investing activities - continuing operations
-163,900	-415,000	-486,200	-446,300	-358,000	-315,100	-319,100	-370,200	-394,000	-323,200	-333,000	-323,200	-684,000	-763,600	-796,000	-781,900	-609,700	-547,600	-505,200	-595,100	-424,800	-412,800	-377,300	-230,900	-270,000	-267,900	-295,800	-284,000	-254,400	-227,600	-425,600	-454,800	-424,100	-419,800	0	0	0
Net cash used by investing activities - discontinued operations
-15,800	-37,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financing activities
Net (decrease) increase in book overdrafts
-77,200	-4,700	-20,000	10,200	-6,400	-20,700	-24,700	-5,000	-9,800	-1,500	19,800	-2,500	7,400	17,700	22,200	17,100	11,700	10,700	5,800	10,300	-4,600	9,900	-12,700	-8,800	1,900	3,700	3,700	10,700	-21,100	-24,100	-15,100	-9,200	22,400	32,500	0	0	0
Net (decrease) increase in borrowings from lines of credit
-91,300	19,300	17,500	93,500	108,800	0	0	0	-13,300	-80,500	0	0	13,300	-59,500	-130,500	0	0	140,000	0	0	0	-	-	-	-	-	-	-	-	-68,900	0	0	0	-	-	-	-
Net decrease in obligations collateralized by finance receivables
-11,400	3,800	70,400	69,400	15,900	101,400	104,000	128,000	103,000	65,000	-15,000	0	47,700	96,800	160,400	149,700	367,000	349,800	277,500	306,600	102,600	99,600	122,500	48,700	88,600	64,000	112,300	120,500	88,700	101,100	88,200	97,700	93,900	90,200	0	0	0
Proceeds from long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	1,336,500	1,336,500	1,336,500	1,336,500	0	0	0	0	1,767,200	1,767,200	1,767,200	1,767,200	188,000	188,000	188,000	188,000	0	0	0	0	-	-	-	-
Payments of Debt Issuance Costs
-	-	-	-	-	-	-	-	-	22,600	35,900	35,100	13,400	32,800	19,500	19,600	30,400	10,900	11,500	11,400	600	12,300	11,700	11,700	21,200	26,000	29,400	29,400	19,900	3,400	0	0	0	-	-	-	-
Payments on long-term debt
1,740,700	1,749,000	1,755,600	1,304,500	27,700	17,000	16,800	17,700	2,430,600	2,436,700	2,436,100	2,438,800	31,100	662,600	659,000	659,100	654,700	21,500	19,800	17,700	17,700	1,785,100	1,785,700	1,782,800	1,819,900	52,700	53,400	54,600	17,300	17,000	0	0	0	-	-	-	-
Payment for early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	188,400	188,400	188,400	38,400	0	0	0	0	-	-	-	-
Payments on finance leases
15,600	15,900	16,600	14,700	12,300	15,400	2,600	6,000	13,700	13,300	28,500	28,800	26,800	25,600	24,400	22,600	21,900	20,500	20,000	19,800	19,400	19,400	18,600	17,300	16,700	15,700	14,700	14,700	14,500	13,900	13,000	13,000	10,600	8,500	0	0	0
Payments for Contingent Consideration and deferred Acquisition Costs
31,700	9,400	11,200	11,200	15,100	18,100	7,400	7,400	7,000	7,000	7,000	7,000	4,600	3,600	3,600	3,600	2,000	1,200	1,200	1,200	1,200	200	200	300	1,400	1,600	3,000	3,400	2,800	5,600	5,700	5,300	5,100	3,900	0	0	0
Issuance of common stock under stock plans
4,000	4,300	4,900	12,000	10,100	15,000	15,800	12,900	12,700	11,400	12,100	12,400	18,300	17,100	18,700	20,300	16,600	22,700	25,500	25,500	28,900	27,600	25,400	28,400	29,500	25,300	21,300	15,100	6,700	3,300	2,800	1,700	5,200	6,000	0	0	0
Tax withholding payments for vested RSUs
4,000	10,800	10,600	10,600	10,700	10,200	10,300	10,200	12,000	5,900	15,200	15,200	13,200	10,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,400	6,600	5,800	4,100	5,500	7,700	8,600	7,600	6,300	3,400	1,800	1,000	0	0	0	-	-	-	-
Repurchase and retirement of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	227,600	227,600	22,100	10,200	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid to stockholders
142,300	164,300	186,900	233,900	187,800	188,300	184,500	181,400	178,100	174,800	171,600	167,700	163,600	157,100	154,100	152,400	150,900	151,900	150,000	146,800	143,400	139,900	131,100	122,200	113,300	78,600	0	0	0	-	-	-	-	-	-	-	-
Net cash used by financing activities - continuing operations
-1,347,300	-1,163,800	-1,257,300	-1,553,200	-287,700	-315,800	-226,500	-288,600	-6,000	-100,600	-142,500	-46,800	-246,400	436,000	539,200	452,600	647,900	87,400	14,400	130,000	-59,800	-48,500	-39,400	-93,300	-228,900	-76,600	-37,700	-4,800	145,200	-53,500	41,900	55,400	9,300	93,000	0	0	0
Net cash used by financing activities - discontinued operations
1,322,200	1,317,600	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes on cash
-16,700	12,800	-8,500	200	-10,400	-20,400	-7,400	-3,800	8,000	14,000	11,900	600	-5,600	-1,900	-3,000	-7,100	-6,400	-19,800	-17,800	-15,800	-13,300	-8,700	-7,700	-1,000	-7,500	-6,600	-4,800	-3,100	-400	2,200	5,500	-2,400	-1,300	-700	0	0	0
Net decrease in cash, cash equivalents and restricted cash
183,800	256,200	108,000	-86,400	-94,600	1,200	15,000	-163,800	153,700	125,600	111,400	217,800	-486,100	48,500	197,800	109,900	497,900	2,100	-89,600	-80,500	-72,800	-38,700	18,900	117,200	-70,900	82,900	32,300	51,000	196,900	11,300	-39,900	-83,200	-117,100	-21,700	0	0	0
Cash paid for interest, net of proceeds from interest rate derivatives
157,700	170,000	180,100	191,000	186,700	180,800	172,200	165,800	139,800	147,100	129,100	135,800	136,200	124,500	112,500	99,700	86,300	79,700	76,800	75,400	74,600	75,900	78,400	81,200	85,400	89,800	96,800	101,900	106,400	109,000	107,900	108,200	148,000	136,800	0	0	0
Cash paid for taxes, net of refunds
29,400	37,800	38,200	39,100	43,300	57,900	25,800	55,000	59,400	70,100	113,500	107,600	128,000	121,600	127,800	126,000	128,600	129,900	124,800	125,500	116,800	102,200	89,600	70,000	52,200	46,800	57,400	54,200	62,900	65,300	51,100	50,700	36,900	36,500	0	0	0
Discontinued Operations
Cash paid for taxes, net of refunds
26,100	41,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-