National american university holdings, inc. (NAUH)
CashFlow / Quarterly
May'19Feb'19Nov'18Aug'18May'18Feb'18Nov'17Aug'17May'17Feb'17Nov'16Aug'16May'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11May'11Feb'11Nov'10Aug'10
CASH FLOWS FROM OPERATING ACTIVITIES:
NET LOSS

-

-4,550

-11,297

-4,937

-

-3,692

-3,772

-3,814

-922

-2,524

-742

-2,039

-961

-1,875

-1,170

-1,298

268

1,478

2,840

2,168

1,344

1,127

1,363

-366

1,155

1,617

2,865

-151

1,567

506

1,958

1,106

2,320

3,879

2,757

1,348

Adjustments to reconcile net (loss) income to net cash flows provided by operating activities:
Depreciation and amortization

-127

666

987

1,054

-906

1,137

1,234

1,206

1,229

1,260

1,291

1,306

1,354

1,399

1,420

1,423

1,491

1,521

1,533

1,582

-

-

-

-

1,485

1,436

1,378

1,351

-

1,126

1,070

879

794

739

691

637

Loss on lease termination

-

-

-

-43

-

-

-

-362

-285

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,611

1,572

1,551

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on impairment and disposition of property and equipment

-

-

-

-554

-

-

-

41

-759

-2

0

-6

-1

-671

-63

0

32

0

0

1,678

-187

3

-27

97

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss on disposition of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3

13

-73

-

-

-

-

-

-

-

-

Loss (gain) on disposition of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5

-1

132

-

-19

-41

-10

Provision for uncollectable tuition

-947

395

621

425

-1,183

496

669

610

918

934

860

1,028

1,071

1,172

1,290

1,870

2,285

1,254

962

1,101

1,455

784

906

734

1,252

848

1,014

1,365

1,306

739

1,178

981

903

724

1,048

675

Noncash compensation expense

31

45

63

32

47

52

89

57

24

24

3

116

128

73

296

60

62

61

-1,352

374

332

295

371

537

114

91

169

79

121

159

152

128

306

295

308

195

Excess tax benefits from stock based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

79

-

0

0

0

Deferred income taxes

0

0

0

0

0

9

38

-241

-749

903

462

9

-1,344

-70

29

6

-2,366

480

370

-18

-1,474

-365

4

-46

490

-17

141

580

2,132

158

0

-183

1,388

0

219

-67

Changes in assets and liabilities:
Student and other receivables

-301

122

-1,195

936

-1,016

1,619

303

810

134

1,909

50

1,614

866

-1,886

2,995

-8,739

12,302

2,543

2,326

-12,839

15,518

-176

1,271

-230

1,838

-401

1,805

2,417

-5,216

4,322

4,524

853

-564

-1,176

1,962

2,788

Prepaid and other current assets

-441

405

210

-658

501

340

131

-482

-952

310

689

-476

-268

-105

753

-453

-162

15

171

29

-188

176

754

515

278

72

124

-246

-17

209

-7

-131

-531

239

-137

167

Student notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19

-33

-47

2

27

40

18

-33

58

43

41

111

129

160

11

Bookstore inventory

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-6

-25

-866

-82

-78

25

116

-54

50

Condominium inventory

0

-154

-167

-191

-282

0

-195

-236

-

-

-

-

-

-

-

-

0

0

0

-367

-1

-193

0

-188

-30

-4

4

0

-

-

-

-

-188

0

0

-194

Other assets

-

-14

346

354

-

-3

-44

-49

-

-16

-100

-95

-

12

-47

-88

-

-19

5

16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax receivable/payable

-44

-8

5

107

2,257

-120

8

8

404

1,909

-873

-958

1,045

-1,144

-1,639

-933

849

-2,600

371

223

1,038

-70

545

-233

-126

-6

1,650

-666

-1,148

17

641

776

-2,303

491

40

281

Accounts payable

-605

814

-96

1,154

485

-662

218

461

329

-724

695

-524

-352

172

-171

-21

-1,236

1,171

-477

772

-826

-776

-67

-170

904

505

-1,239

942

-3,409

1,579

769

919

-187

285

-672

-91

Deferred income

1,361

54

-1,250

364

-838

1,337

91

193

101

677

-515

-221

-192

1,053

-77

-594

-29

249

62

-133

-65

151

40

20

-191

133

32

-15

-55

-5

31

-29

-176

119

-8

54

Accrued and other liabilities

-150

76

-992

190

1,255

-115

32

-654

199

-673

1,006

-526

1,388

-765

-204

-1,310

1,062

-1,701

1,948

-1,646

1,278

-1,104

137

-219

-1,182

1,787

378

-734

415

1,195

-43

-1,253

1,058

-483

-531

250

Other long-term liabilities

35

-157

86

-338

1,241

-211

-212

-1,008

-285

-215

-189

-201

-909

-133

-160

-159

-127

-17

-119

-121

-96

-52

30

70

711

1,337

234

36

-3,049

2,331

408

438

789

621

-87

1

Net cash flows used in operating activities

123

-1,654

-2,127

-1,793

2,505

-2,633

-764

-2,904

3,134

-630

1,359

-3,047

710

2,532

-4,260

8,324

-9,930

-643

3,636

15,785

-10,498

1,741

2,936

1,731

2,561

8,051

4,646

677

4,220

4,084

1,687

2,866

6,050

7,381

1,875

471

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of available for sale investments

0

0

0

0

0

1,250

1

496

1,736

1

3,740

2,244

0

249

2,232

1,416

1

27,999

1,446

20,695

3,998

8,994

10,497

13,491

17,996

4,747

12,440

4,744

11,995

8,001

15,999

31,998

19,997

15,996

1

1

Proceeds from sale of available for sale investments

0

0

0

0

0

3,559

621

488

3,736

2,924

744

248

0

249

1,743

1,889

18,248

17,998

16,987

8,245

3,696

12,088

15,494

10,999

8,146

8,997

8,667

8,236

11,998

15,998

15,996

28,095

11,999

11,986

0

3,997

Purchases of property and equipment

188

-26

432

201

-1,695

125

553

1,017

1,713

2,059

1,141

634

191

351

289

128

58

213

333

707

529

2,457

602

944

965

2,058

3,171

2,453

4,035

3,819

2,345

3,006

2,055

2,034

1,564

1,006

Proceeds from sale of property and equipment

-21

535

8

2

360

0

0

210

215

0

0

0

-

-

-

-

164

0

0

3,464

0

3

0

500

0

0

21

0

266

2

0

162

0

-21

22

0

Course development

-

7

59

4

-

79

39

68

93

82

187

203

155

50

58

41

34

49

36

24

38

27

76

106

52

41

43

81

131

160

146

148

122

115

112

105

Payments received on contract for deed

-

0

0

0

-

130

1

2

-

2

2

1

-

2

2

1

3

0

153

4

3

20

271

2

1

0

0

0

-

-

-

-

-

-

-

-

Payments received on note receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,390

20

415

206

0

-

-

-

-

-

-

-

-

-

-

-

-

Other

40

0

8

-8

260

0

-23

0

-8

1

-48

1

-4

1

-12

-2

0

1

-7

-2

9

-1

-2

25

-6

-3

0

28

39

5

27

44

6

8

13

21

Net cash flows used in investing activities

-7,612

1,654

-491

-195

-9,730

2,235

52

-881

412

783

-4,274

-2,833

-347

-329

-818

307

18,322

-10,264

15,332

-8,321

-905

2,455

3,242

-3,065

-10,860

2,154

-6,966

930

-3,936

4,015

-2,521

-6,939

-10,181

-6,188

-1,668

2,864

CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of capital lease payable

100

99

92

89

87

87

79

78

75

74

69

66

65

64

58

57

55

54

50

47

46

45

53

13

12

13

9

6

-11

103

8

0

-

-

-

-

Excess tax benefits from stock based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

79

-

0

0

0

Purchase of treasury stock

1

6

7

0

2

0

6

7

0

0

2

2

61

451

2,423

87

7

6

12

7

7

9

8

40

1,739

24

7

0

3,974

5,038

929

143

0

7,505

0

0

Issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

32,077

Cash paid for stock issuance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-50

690

Dividends paid

0

0

0

0

0

0

1,097

1,087

1,088

1,087

1,095

1,085

1,088

1,085

1,133

1,134

1,134

1,133

1,136

1,130

1,130

1,132

1,129

1,001

1,025

1,023

1,031

832

864

868

804

814

793

788

721

11,089

Net cash flows provided by financing activities

8,399

-105

-99

-89

7,911

-87

-1,182

-1,172

-1,163

-1,161

-1,166

-1,153

-1,214

-1,600

-3,614

-1,278

-1,196

-1,193

-1,198

-1,184

-1,183

-1,186

-1,190

-1,054

-2,776

-1,060

-1,047

-838

-4,906

-6,009

-1,741

-878

-793

-2,417

-671

20,298

NET DECREASE IN CASH AND CASH EQUIVALENTS

910

-105

-2,717

-2,077

686

-485

-1,894

-4,957

2,383

-1,008

-4,081

-7,033

-851

603

-8,692

7,353

7,196

-12,100

17,770

6,280

-12,586

3,010

4,988

-2,388

-11,075

9,145

-3,367

769

-4,622

2,090

-2,575

-4,951

-4,924

-1,224

-464

23,633

SUPPLEMENTAL DISCLOSURE OF CASH FLOW AND NON-CASH INFORMATION:
Cash paid for income taxes

-

-

-

-

-

-

-

-

-

-

-5

42

2,673

-91

-1,578

152

2,025

3,058

950

1,091

1,345

1,145

315

102

537

1,071

16

29

20

494

640

135

2,139

1,946

1,617

606

Cash (received) paid for income taxes

-

0

7

-100

-

28

9

-7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

293

434

284

282

205

212

209

209

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

213

215

-

224

218

219

220

221

222

222

203

167

166

251

252

288

252

253

-

-

-

-

-

-

-

-

Property and equipment purchases included in accounts payable

-

0

-178

367

-

0

-11

11

167

-278

114

447

63

-175

174

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends declared and unpaid at May 31, 2018, 2017, and 2016

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,128

-22

1

1

1,024

-37

-21

71

827

3

6

97

725

Dividends declared and unpaid at August 31, 2018 and 2017

-

-

-

0

-

-

-

1,097

-

3

-2

1,092

-

-8

60

1,040

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment purchases included in accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

174

-

-305

168

173

-

-

-

0

-

-

-

-

-

-

-

-

Dividends declared and unpaid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,132

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-