ManTech International Corporation MANT Cash Flow

Mantech international corporation (MANT)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
CASH FLOWS FROM (USED IN) OPERATING ACTIVITIES:
Net Income (Loss) Attributable to Parent
113,890	82,097	114,141	56,391	51,127	47,294	-6,149	95,019	133,306	125,096	111,764	90,292
Adjustments to reconcile net income to net cash flow from (used in) operating activities:
Depreciation and amortization
55,879	52,569	33,792	30,191	30,276	30,446	30,504	52,742	55,189	28,878	17,747	17,323
Noncash lease expense
27,619	0	0	-	-	-	-	-	-	-	-	-
Deferred income taxes
15,739	11,762	-24,815	18,254	30,553	18,668	-10,915	17,539	-3,259	4,688	-201	8,157
Stock-based compensation expense
7,493	5,073	6,319	3,323	4,379	4,400	5,236	8,142	9,170	7,443	8,289	6,626
Bad debt expense
3,000	0	0	-	-	-	-	-	-	-	-	-
Contract loss reserve
1,481	0	0	-	-	-	-	-	-	-	-	-
Loss on sale and retirement of property and equipment
-171	-75	-76	12	656	-251	402	0	0	-	-	-
Equity in losses of unconsolidated subsidiaries
4	22	40	107	139	-282	-860	0	0	-	-	-
Excess tax benefits from the exercise of stock options
-	-	-	1,656	73	70	53	46	351	545	1,121	6,446
Gain on disposition of business
-	-	-	-	1,692	0	0	-	-	-	-	-
Loss on extinguishment of debt
-	-	-	-	-	-10,074	0	0	-	-	-	-
Goodwill impairment
-	-	-	-	-	-	118,427	0	0	-	-	-
Gain on sale of investments
-	-	-	-	-	-	-	-	3,745	0	0	-
Change in assets and liabilities—net of effects from acquired businesses:
Receivables—net
-24,660	87,098	-18,643	5,611	-82,727	-102,076	-91,583	1,081	-6,131	36,226	-9,296	62,513
Prepaid expenses
-419	613	3,619	1,054	-	-	-	-	-	-	-	-
Taxes receivable—current
21,996	-18,732	7,725	-	-	-	-	-	-	-	-	-
Other current assets
-4,060	1,321	-5,103	10,864	-	-	-	-	-	-	-	-
Prepaid expenses and other
-	-	-	-	4,990	-326	-9,334	4,416	5,179	4,770	-4,640	223
Contractual inventory
-	-	-	-	0	-3,963	-30,800	34,762	0	0	-	-
Employee supplemental savings plan asset
6,297	-1,754	4,172	1,826	-4,184	-24	4,413	-	-	-	-	-
Accounts payable and accrued expenses
10,850	5,327	-541	-162	-44,103	-87,105	-89,935	28,187	-1,907	39,643	997	59,888
Accrued salaries and related expenses
2,796	2,095	13,095	6,926	2,703	-2,762	3,677	-22,053	5,261	2,029	-20,050	-11,768
Operating lease obligations
-28,520	0	0	-	-	-	-	-	-	-	-	-
Contract liabilities
-589	6,110	1,177	-687	913	-750	-1,291	-20,456	23,846	3,381	-714	85
Operating lease liabilities
-28,520	0	0	-	-	-	-	-	-	-	-	-
Accrued retirement
4,553	-3,518	3,936	704	-2,927	-761	4,175	3,235	366	1,550	6,103	-3,043
Other long-term liabilities
9,380	1,384	-1,976	-	-	-	-	-	-	-	-	-
Other
216	967	436	-1,954	-1,601	-569	-6,841	4,208	2,527	-278	4,503	-5,352
Net cash flow from operating activities
221,406	93,439	152,958	95,764	153,883	126,925	188,279	126,258	221,355	171,445	132,247	127,266
CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:
Proceeds from note receivable
-	-	-	-	-	-	-	-	-	-	-	5,126
Acquisition of businesses-net of cash acquired
152,851	5,279	177,193	60,556	101,556	124,247	11,382	63,093	109,043	368,853	13,775	36,496
Purchases of property and equipment
54,795	30,114	31,118	7,662	5,202	4,083	11,087	11,718	54,460	10,257	4,021	5,050
Deferred contract costs
3,878	5,233	2,877	0	0	-	-	-	-	-	-	-
Investment in unconsolidated subsidiaries
-	-	-	-	-	-	-	0	0	-	-	-
Investment in capitalized software for internal use
3,677	5,018	7,744	2,748	1,025	7,399	2,536	3,182	5,227	3,051	2,218	2,742
Proceeds from equity method investment
283	0	0	-	-	-	-	-	-	-	-	-
Proceeds from corporate owned life insurance
21	1,300	0	0	-	-	-	-	-	-	-	-
Payments to acquire investments
0	0	110	1,183	4,500	159	422	-	-	-	-	-
Proceeds from sale of property and equipment
0	0	3	17	696	0	402	0	0	-	-	-
Transaction costs for disposition of business
-	-	-	-	1,174	0	0	-	-	-	-	-
Proceeds from sale of investment
-	-	-	-	13	0	239	185	3,255	0	0	-
Proceeds from disposition of a business
-	-	-	-	-	-	-	1,799	0	0	-	-
Net cash used in investing activities
-214,897	-44,344	-219,039	-72,132	-112,748	-135,888	-24,786	-76,009	-165,475	-382,161	-20,014	-39,162
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:
Borrowing under revolving credit facility
624,000	575,500	136,500	0	163,200	160,000	0	0	-	-	-	-
Repayments under revolving credit facility
595,000	599,000	105,500	0	163,200	160,000	0	0	-	-	-44,100	-120,900
Dividends paid
43,205	39,624	32,705	32,139	31,543	31,312	31,208	31,029	30,846	0	0	-
Proceeds from exercise of stock options
12,895	12,595	13,624	30,562	7,868	3,922	1,767	1,147	8,186	13,807	12,561	22,677
Payment consideration to tax authority on employees' behalf
1,503	2,723	0	0	-	-	-	-	-	-	-	-
Principal paid on financing leases
136	0	0	-	-	-	-	-	-	-	-	-
Debt issuance costs
0	0	1,323	89	0	1,687	0	0	3,873	4,997	0	0
Excess tax benefits from the exercise of stock options
-	-	-	1,656	73	70	53	46	351	545	1,121	6,446
Repayment of senior unsecured notes
-	-	-	-	-	207,250	0	0	-	-	-	-
Treasury stock acquired
-	-	-	-	-	-	-	-	44	0	0	-
Issuance of senior unsecured notes
-	-	-	-	-	-	-	-	-	200,000	0	0
Net cash from financing activities
-2,949	-53,252	10,596	-10	-23,602	-236,257	-29,388	-29,836	-26,226	209,355	-30,418	-91,777
NET CHANGE IN CASH AND CASH EQUIVALENTS
3,560	-4,157	-55,485	23,622	17,533	-245,220	134,105	20,413	29,654	-1,361	81,815	-3,673
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid for interest
2,436	2,315	1,166	983	1,203	8,597	15,903	15,429	15,357	8,908	868	-
Noncash investing and financing activities:
Noncash investing activities
5,981	340	1,345	-	-	-	-	-	-	-	-	-
Operating lease obligations arising from obtaining right of use assets
31,010	0	0	-	-	-	-	-	-	-	-	-
Finance lease obligations arising from obtaining right of use assets
368	0	0	-	-	-	-	-	-	-	-	-
Noncash investing activities
-	-	-	325	0	96	0	0	-	-	-	-
Deferred contract costs incurred but not yet paid
0	0	872	0	0	-	-	-	-	-	-	-
Employee Stock Ownership Plan contributions
-	-	-	-	-	-	1,287	3,868	4,103	1,923	3,937	2,500