Kforce Inc KFRC Cash Flow

Kforce inc (KFRC)

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
Cash flows from operating activities:
Net income
113,113	130,862	133,010	134,247	75,660	57,980	47,764	41,686	36,558	33,285	36,384	35,305	35,025	32,773	35,435	39,960	40,689	42,824	39,868	91,341	90,451	90,915	73,736	17,697	13,942	10,787	25,141	25,430	-14,685	-13,703	-12,738	-13,560	26,392	27,156	0	0	0
Adjustments to reconcile net income to cash provided by operating activities:
Loss on disposal or impairment of property and equipment
-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Tax benefit attributable to stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-504	-560	-578	1,201	1,798	1,835	1,858	1,216	0	0	0
Excess tax benefit attributable to stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	280	278	203	0	196	118	133	110	-617	-634	-649	1,130	1,805	1,841	1,841	878	0	0	0
Gain on sale of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36,418	0	0	0	-	-	-	-
Deferred income tax provision, net
18,139	-49	3,036	3,222	-17,366	989	7,240	9,007	10,526	12,243	4,632	2,546	422	2,007	2,859	3,309	5,037	2,380	-63	9	-799	491	1,143	597	2,639	1,166	893	2,534	-21,126	-17,136	0	0	0	-	-	-	-
Provision for credit losses
3,089	1,209	1,252	1,656	1,801	1,820	1,639	1,636	1,007	1,031	1,297	558	1,012	976	267	924	862	1,553	1,606	1,307	1,403	825	657	932	721	546	659	271	1,090	1,860	2,181	2,388	1,050	-925	0	0	0
Depreciation and amortization
5,902	6,481	7,070	7,716	8,122	8,265	8,381	8,472	8,520	8,508	8,467	8,404	8,562	8,796	9,140	9,621	9,786	9,849	9,928	10,123	10,095	10,058	9,992	9,750	9,812	9,846	9,766	9,889	10,304	10,862	11,566	11,979	12,313	12,694	0	0	0
Stock-based compensation expense
10,188	9,912	9,708	9,295	9,157	8,797	8,491	8,283	7,796	7,600	7,330	6,868	6,825	6,705	6,600	6,612	6,472	5,819	5,205	4,537	3,520	3,028	3,717	3,373	3,095	2,570	990	692	365	25,740	28,917	31,967	34,804	11,976	0	0	0
Defined benefit pension plan expense
857	862	1,102	1,342	1,582	1,821	1,611	1,368	1,153	937	1,027	1,258	1,475	1,733	1,849	1,832	1,851	1,846	1,829	1,460	1,538	1,424	1,383	2,291	2,645	3,237	3,960	4,117	4,343	4,505	4,478	4,441	4,402	4,369	0	0	0
Loss on deferred compensation plan investments, net
-195	-245	-259	-305	-542	-563	-555	-552	-516	-510	-525	-500	-530	-597	-296	-245	-174	-77	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal or impairment of assets
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncash lease expense
6,141	6,282	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on equity method investment
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred compensation liability increase, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	2,741	2,430	1,572	2,111	3,163	-292	257	-634	0	0	0
Gain on cash surrender value of Company-owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	2,928	2,589	1,646	1,797	2,295	-1,397	-1,000	-1,733	0	0	0
Contingent consideration liability remeasurement
-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
534	-352	-348	-349	-1,232	-350	-212	-275	-511	-692	-845	-750	-495	-279	-225	-308	-327	-308	-401	-77	10	47	34	-175	-217	-257	-47	-51	-45	-55	-57	-187	-256	-251	0	0	0
(Increase) decrease in operating assets
Trade receivables, net
18,159	5,360	12,586	9,501	5,878	10,851	-4,591	15,311	11,220	20,535	35,709	10,308	18,201	8,403	-6,380	1,298	7,824	-4,223	15,265	29,535	30,941	40,339	35,040	37,174	24,077	28,071	13,640	-14,424	-7,548	-4,298	1,329	32,108	28,061	25,332	0	0	0
Income tax refund receivable
-	-	-	-	-	-	0	0	-122	-	1,153	751	830	-354	-1,474	-1,028	-656	-2,785	2,175	-2,536	-4,551	-4,409	-4,141	-667	3,097	5,970	3,902	5,092	-1,179	1,500	234	-2,717	1,758	-5,425	0	0	0
Prepaid expenses and other current assets
-	-	-	-	-	-	0	0	1,360	-	1,030	-1,834	247	1,631	2,058	2,379	226	-1,110	-960	-2,034	-1,739	-530	373	1,098	2,416	3,170	2,235	1,495	2,958	2,246	1,260	2,656	67	380	0	0	0
Other assets, net
9,698	9,639	2,184	-3,591	-5,279	-5,741	7,487	8,754	8,775	8,971	1,063	694	527	495	-48	-45	303	298	307	364	123	27	238	66	120	57	-255	-281	-300	-244	-130	-87	-82	-75	0	0	0
Increase (decrease) in operating liabilities
Accounts payable and other accrued liabilities
-	-	-	-	-	-	0	0	-1,520	-	-1,127	-7,143	-1,485	-1,920	-2,198	517	-559	1,788	2,671	6,073	8,904	5,653	-5,204	-7,805	-14,640	-12,471	26	-7,513	-6,336	10,913	416	10,371	11,343	-4,576	0	0	0
Accrued payroll costs
6,316	4,567	6,126	245	1,413	1,350	-1,745	1,785	678	1,954	364	-7,368	-4,331	-1,320	-10,748	-737	2,486	-5,503	5,145	422	-5,745	-248	7,261	7,799	9,083	7,422	1,966	204	-3,436	-241	1,203	336	6,116	1,395	0	0	0
Income taxes payable
-	-	-	-	-	-	0	0	2,544	-	-733	-1,349	-665	-489	-4,277	-1,584	-1,271	-1,657	-27,134	-36,284	-38,319	-34,934	-7,589	2,768	3,007	-504	3,275	-685	57	807	-714	569	42	-15	0	0	0
Other liabilities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-	-	-	-	-	-	-	-3,704	-4,745	-5,528	-1,100	-999	-2,091	-139	-258	2,168	3,950	3,306	2,569	-1,766	-1,123	-2,317	-2,605	103	-879	83	715	-153	-1,052	-1,697	-874	-261	490	-3,102	0	0	0
Cash provided by operating activities
57,833	66,617	69,558	71,794	89,262	87,723	88,365	62,059	50,102	29,339	15,808	29,411	25,969	39,823	45,239	60,679	62,664	70,731	25,865	-11,718	-20,113	-25,582	402	13,850	14,818	465	31,907	47,026	45,091	55,978	45,163	28,068	37,339	31,240	0	0	0
Cash flows from investing activities:
Capital expenditures
10,834	10,359	8,893	6,238	5,197	5,170	4,427	4,618	5,043	5,846	8,435	13,582	13,398	12,420	10,006	7,906	8,233	8,328	8,954	6,515	6,189	6,010	6,889	7,029	7,439	8,145	7,348	7,193	6,803	5,846	6,700	6,458	5,865	6,495	0	0	0
Proceeds from disposition of business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	55,446	0	0	0	-	-	-	-
Proceeds from the disposition of assets held within the Rabbi Trust
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,668	3,763	3,055	3,235	3,278	0	0	0	-	-	-	-	-	-	-	-
Purchase of assets held within the Rabbi Trust
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,436	3,242	3,233	3,331	3,697	0	0	0	-	-	-	-	-	-	-	-
Premiums paid for company-owned life insurance policies, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Other
0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	155	0	0	0
Cash used in investing activities
103,710	103,185	106,861	109,958	-5,197	-4,170	-3,427	-3,618	-4,043	-4,846	-7,435	-13,582	-13,398	-12,420	-10,006	-7,906	-8,269	-8,364	-11,544	108,984	110,187	110,535	112,557	-6,153	-7,518	-8,547	-5,811	2,818	4,037	52,405	48,080	39,632	39,012	-10,090	0	0	0
Cash flows from financing activities:
Proceeds from credit facility
36,800	80,100	102,900	195,900	335,300	450,400	578,900	762,000	957,440	1,038,593	1,146,588	1,093,248	960,541	937,083	839,261	743,215	697,957	604,668	682,776	685,339	743,258	684,427	603,412	624,772	549,542	591,688	454,122	307,594	290,243	241,973	324,181	478,883	465,699	488,468	0	0	0
Payments on credit facility
19,300	86,900	117,200	231,500	376,000	495,123	625,700	785,529	966,206	1,033,617	1,121,818	1,064,904	932,029	906,008	818,824	741,051	688,829	617,529	614,558	673,465	710,148	653,701	644,148	593,138	527,875	550,081	400,711	268,473	250,694	270,499	383,565	486,825	491,039	449,767	0	0	0
Payments on other financing arrangements
1,508	1,720	1,901	1,860	2,010	2,039	2,057	2,123	2,191	2,148	2,041	1,972	1,871	1,830	1,689	1,581	1,435	1,274	1,358	1,264	1,300	1,280	1,201	1,315	1,359	1,452	1,524	1,637	1,697	1,802	1,720	1,515	1,605	1,497	0	0	0
Excess tax benefit attributable to stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	280	278	203	0	196	118	133	110	-617	-634	-649	1,130	1,805	1,841	1,841	878	0	0	0
Repurchases of common stock
129,048	124,453	101,669	61,604	25,024	22,187	22,861	23,799	23,773	14,622	18,452	26,780	26,816	46,013	45,375	42,978	52,048	38,471	68,104	97,465	109,985	101,771	59,307	28,575	21,655	29,810	48,012	51,294	52,200	44,375	29,569	61,054	50,997	59,643	0	0	0
Cash dividend
16,495	16,608	17,193	17,612	16,304	14,871	13,423	12,007	12,080	12,144	12,175	12,229	12,338	12,447	12,681	12,642	12,579	12,545	12,430	12,458	12,581	12,776	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments of loan financing fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	460	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Short-term vendor financing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	116	-539	-422	-180	479	-616	376	253	-392	1,048	202	287	0	0	0
Proceeds from exercise of stock options, net of shares tendered in payment of exercise
-	-	-	-	-	-	-	-	-	-	72	72	135	172	172	172	245	381	563	810	909	1,131	1,226	1,063	884	598	748	664	734	575	413	499	412	458	0	0	0
Other
0	-25	-25	-25	-25	0	0	0	0	-	-	-	-	-	-	-	-	-252	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash provided by (used in) financing activities
-130,028	-150,083	-135,565	-117,178	-84,063	-83,820	-85,175	-61,500	-48,540	-25,596	-8,595	-13,340	-10,753	-27,418	-35,554	-53,381	-55,403	-62,108	-14,192	-96,911	-88,962	-84,590	-112,645	-7,465	-7,391	7,576	-30,711	-49,592	-49,083	-107,941	-88,850	-67,573	-75,937	-21,266	0	0	0
Change in cash and cash equivalents
31,515	19,719	40,854	64,574	2	-267	-237	-3,059	-2,481	-1,103	-222	2,489	1,818	-15	-321	-608	-1,008	259	129	355	1,112	363	314	232	-91	-506	-4,615	252	45	442	4,393	127	414	-116	0	0	0
Cash Paid During the Period For:
Income taxes
25,150	24,935	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities
8,337	8,186	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Interest, net
1,394	1,480	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Non-Cash Investing and Financing Transactions:
ROU assets obtained from new operating leases
9,312	9,205	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unsettled repurchases of common stock
541	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Employee stock purchase plan
560	558	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Equipment acquired under finance leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Shares tendered in payment of the exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Unsettled repurchases of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-