Mantech international corporation (MANT)
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 (USED IN) OPERATING ACTIVITIES:
Net Income (Loss) Attributable to Parent

121,451

113,890

93,461

87,447

83,148

82,097

130,275

123,534

119,180

114,141

59,500

58,982

58,203

56,391

56,553

54,917

52,585

51,127

51,701

54,160

49,418

47,294

-32,769

-30,538

-16,695

-6,149

79,654

86,363

89,557

95,019

105,289

115,348

127,045

133,306

136,843

133,733

129,458

125,096

0

0

0

Adjustments to reconcile net income to net cash flow from (used in) operating activities:
Depreciation and amortization

59,373

55,879

52,011

51,466

52,004

52,569

50,463

45,003

39,327

33,792

30,966

30,563

30,243

30,191

30,513

30,879

30,720

30,276

29,851

29,742

30,032

30,446

30,575

30,423

30,410

30,504

30,843

30,778

38,704

52,742

71,257

78,094

69,661

55,189

36,162

29,093

29,357

28,878

0

0

0

Noncash lease expense

26,800

27,619

20,949

13,503

6,814

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

17,129

15,739

8,261

8,394

10,551

11,762

-21,252

-23,930

-24,499

-24,815

20,778

17,115

18,312

18,254

19,606

32,150

31,182

30,553

24,302

20,873

18,809

18,668

-13,767

-17,274

-10,515

-10,915

27,812

25,560

17,935

17,539

12,065

2,597

-138

-3,259

-6,300

-2,216

2,497

4,688

0

0

0

Stock-based compensation expense

8,817

7,493

6,678

6,081

5,330

5,073

6,344

6,305

6,306

6,319

4,615

4,288

3,299

3,323

2,458

2,973

4,260

4,379

5,264

4,848

4,384

4,400

4,604

4,707

5,079

5,236

5,802

6,489

7,158

8,142

8,652

9,131

9,335

9,170

8,885

8,662

6,961

7,443

0

0

0

Contract loss reserve

1,853

1,481

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale and retirement of property and equipment

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity in losses of unconsolidated subsidiaries

15

4

-1

-9

-30

22

-10

54

111

40

127

-16

8

107

207

152

207

139

95

-45

-225

-282

-498

-982

-917

-860

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from the exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

1,656

1,038

436

16

73

60

87

118

70

69

48

60

53

56

49

6

46

150

158

191

351

270

279

289

545

0

0

0

Change in assets and liabilities—net of effects from acquired businesses:
Receivables—net

24,553

-24,660

-22,373

4,363

27,113

87,098

30,184

36,432

32,460

-18,643

17,896

8,269

-7,341

5,611

-10,891

-55,771

-56,630

-82,727

-74,030

-63,602

-43,418

-102,076

-145,082

-124,457

-161,312

-91,583

15,235

-10,529

-28,752

1,081

-87,962

-42,474

-73,015

-6,131

11,342

49,491

94,643

36,226

0

0

0

Prepaid expenses

5,738

-419

-2,226

-3,599

-3,540

613

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Taxes receivable—current

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current assets

-2,819

-4,060

16,744

12,550

2,543

1,321

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other

-

-

-

-

-

-

-

-

-

-

-

-

8,920

-

2,348

8,107

2,002

4,990

4,728

-2,390

2,395

-326

-4,765

2,068

-75

-9,334

4,179

1,111

1,094

4,416

349

-267

1,696

5,179

-99

-281

-286

4,770

0

0

0

Contractual inventory

-

-

-

-

-

-

-

-

-

-

-

-

85

-

0

0

0

-

-

-

-

-3,963

-1

294

-3,940

-30,800

0

0

4,185

34,762

0

0

0

-

-

-

-

-

-

-

-

Employee supplemental savings plan asset

-1,630

6,297

743

2,017

1,606

-1,754

3,103

2,582

2,630

4,172

3,353

3,308

3,031

1,826

2,353

-353

-4,747

-4,184

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued expenses

30,363

10,850

29,269

11,852

4,270

5,327

5,620

9,174

7,083

-541

7,541

5,799

-1,722

-162

-11,293

-17,407

-19,489

-44,103

-68,912

-67,892

-65,816

-87,105

-86,155

-68,793

-89,478

-89,935

-22,354

-33,479

-41,434

28,187

-12,462

-51,571

-5,164

-1,907

31,251

64,049

29,207

39,643

0

0

0

Accrued salaries and related expenses

10,438

2,796

6,018

1,830

5,294

2,095

5,260

6,904

-424

13,095

17,854

11,011

-4,024

6,926

-8,124

10,642

8,481

2,703

2,087

-953

-1,566

-2,762

-11,374

-14,840

-11,106

3,677

-4,790

-6,507

-3,992

-22,053

-5,238

-28,752

-4,030

5,261

7,066

12,365

14,578

2,029

0

0

0

Operating lease obligations

-28,408

-28,520

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contract liabilities

7,716

-589

11,536

10,470

7,128

6,110

-4,236

10,510

1,679

1,177

13,655

-1,682

1,313

-687

-12,090

2,179

-6,451

913

14,178

1,482

4,155

-750

-1,783

-163

-2,154

-1,291

-535

-427

-5,633

-20,456

-40,650

-46,702

-5,890

23,846

46,598

50,789

19,266

3,381

0

0

0

Operating lease liabilities

-28,408

-28,520

-21,077

-13,487

-6,752

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued retirement

-3,775

4,553

-1,828

-647

-1,055

-3,518

3,071

2,542

2,367

3,936

2,919

2,821

2,646

704

1,114

-2,351

-2,981

-2,927

-2,985

-1,211

-844

-761

-125

2,338

1,861

4,175

3,933

3,561

3,518

3,235

3,552

-282

336

366

-1,399

3,126

1,516

1,550

0

0

0

Other

1,467

216

-483

-584

438

967

-322

121

405

436

2,025

-350

-1,297

-1,954

-2,812

-1,345

-2,018

-1,601

-1,130

-1,003

-869

-569

-7,335

-5,939

-5,720

-6,841

5,612

5,174

6,072

4,208

3,486

26

931

2,527

-3,627

943

-1,407

-278

0

0

0

Net cash flow from operating activities

216,707

221,406

232,184

181,857

158,793

93,439

131,932

124,679

98,414

152,958

127,853

107,882

103,197

95,764

90,259

161,103

157,129

153,883

123,912

110,897

90,521

126,925

172,013

159,135

192,918

188,279

104,049

124,549

131,624

126,258

231,496

125,474

262,661

221,355

247,475

245,424

139,601

171,445

0

0

0

CASH FLOWS FROM (USED IN) INVESTING ACTIVITIES:
Acquisition of businesses-net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

124,247

124,247

123,079

46,227

11,382

11,382

12,287

34,740

63,093

151,836

150,916

125,838

109,043

153,101

153,116

153,804

368,853

0

0

0

Purchases of property and equipment

72,927

54,795

43,540

35,638

30,778

30,114

50,373

43,155

35,114

31,118

7,770

8,701

7,962

7,662

7,680

6,308

5,908

5,202

4,515

4,574

4,746

4,083

6,630

9,074

9,678

11,087

10,538

11,042

10,348

11,718

11,481

22,960

52,157

54,460

57,030

42,849

14,599

10,257

0

0

0

Investment in capitalized software

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred contract costs

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in unconsolidated subsidiaries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Investment in capitalized software for internal use

-

-

-

-

-

5,018

6,820

8,128

9,024

7,744

6,481

4,545

3,166

2,748

1,606

1,406

1,328

1,025

1,597

2,624

4,892

7,399

7,331

6,421

4,310

2,536

2,783

2,738

3,438

3,182

2,337

3,635

5,239

5,227

5,528

4,501

2,887

3,051

0

0

0

Payments to acquire investments

-

-

-

-

-

-

-

-

-

-

-

-

-

1,183

474

3,951

3,951

4,500

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

239

239

239

424

185

0

0

0

-

-

-

-

-

-

-

-

Proceeds from disposition of a business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,799

1,799

1,799

1,799

0

0

0

0

-

-

-

-

Net cash used in investing activities

-234,515

-214,897

-205,207

-165,057

-45,532

-44,344

-244,261

-232,231

-224,610

-219,039

-28,491

-27,083

-72,649

-72,132

-57,643

-60,026

-113,221

-112,748

-112,515

-110,563

-89,833

-135,888

-138,374

-139,048

-60,256

-24,786

-24,394

-25,428

-48,102

-76,009

-163,670

-175,527

-178,180

-165,475

-212,404

-197,211

-171,290

-382,161

0

0

0

CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:
Borrowing under revolving credit facility

615,500

624,000

540,000

550,500

624,500

575,500

637,500

494,500

327,500

136,500

0

0

0

-

-

-

-

163,200

172,200

169,000

161,500

160,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments under revolving credit facility

596,500

595,000

515,000

536,500

594,000

599,000

637,500

465,000

262,000

105,500

0

0

0

-

-

-

-

163,200

162,200

171,400

161,500

160,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Dividends paid

45,322

43,205

42,298

41,404

40,507

39,624

37,920

36,165

34,429

32,705

32,603

32,520

32,366

32,139

31,918

31,716

31,597

31,543

31,479

31,420

31,359

31,312

31,299

31,277

31,261

31,208

31,151

31,114

31,069

31,029

38,703

30,938

38,562

30,846

0

0

0

-

-

-

-

Proceeds from exercise of stock options

13,268

12,895

10,258

10,750

8,281

12,595

19,186

17,250

17,926

13,624

11,857

18,668

31,475

30,562

27,974

18,608

4,449

7,868

6,574

7,036

7,489

3,922

2,501

2,176

1,867

1,767

1,176

861

565

1,147

1,636

2,417

4,060

8,186

9,937

11,705

12,157

13,807

0

0

0

Payment consideration to tax authority on employees' behalf

923

1,503

1,476

1,357

1,357

2,723

2,723

2,723

2,723

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal paid on financing leases

146

136

99

62

25

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from the exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

1,656

1,038

436

16

73

60

87

118

70

69

48

60

53

56

49

6

46

150

158

191

351

270

279

289

545

0

0

0

Treasury stock acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

44

44

44

44

0

0

0

0

Net cash from financing activities

-14,123

-2,949

-8,615

-18,073

-3,108

-53,252

-21,457

6,539

44,951

10,596

-21,526

-12,706

675

-10

-12,906

-65,272

-27,132

-23,602

-14,845

-26,697

-232,689

-236,257

-237,666

-182,990

-29,334

-29,388

-29,919

-30,204

-30,498

-29,836

-40,790

-32,236

-38,184

-26,226

-5,314

-3,537

99,105

209,355

0

0

0

NET CHANGE IN CASH AND CASH EQUIVALENTS

-31,931

3,560

18,362

-1,273

110,153

-4,157

-133,786

-101,013

-81,245

-55,485

77,836

68,093

31,223

23,622

19,710

35,805

16,776

17,533

-3,448

-26,363

-232,001

-245,220

-204,027

-162,903

103,328

134,105

49,736

68,917

53,024

20,413

27,036

-82,289

46,297

29,654

29,757

44,676

67,416

-1,361

0

0

0

SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid for interest

2,697

2,436

2,292

2,231

2,046

2,315

2,395

2,010

1,569

1,166

976

981

986

983

1,003

1,156

1,192

1,203

1,176

1,144

8,536

8,597

15,949

15,881

15,708

15,903

15,586

15,603

15,641

15,429

15,716

15,594

15,479

15,357

15,307

15,288

8,184

8,908

0

0

0

Cash paid for income taxes, net of refunds

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Noncash investing and financing activities:
Operating lease obligations arising from obtaining right of use assets

24,529

31,010

18,527

12,142

7,924

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease obligations arising from obtaining right of use assets

165

368

368

352

203

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncash investing activities

0

-

0

0

0

-

0

0

4,627

-

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Employee Stock Ownership Plan contributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,287

2,177

3,773

3,763

3,868

4,659

3,888

5,164

4,103

3,611

3,520

1,425

1,923

0

0

0