National american university holdings, inc. (NAUH)
CashFlow / TTM
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

-

0

0

-13,234

-

-12,200

-11,032

-8,002

-6,227

-6,266

-5,617

-6,045

-5,304

-4,075

-722

3,288

6,754

7,830

7,479

6,002

3,468

3,279

3,769

5,271

5,486

5,898

4,787

3,880

5,137

5,890

9,263

10,062

10,304

0

0

0

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

2,580

1,801

2,272

2,519

2,671

4,806

4,929

4,986

5,086

5,211

5,350

5,479

5,596

5,733

5,855

5,968

6,127

0

0

0

-

-

-

-

5,650

0

0

0

-

3,869

3,482

3,103

2,861

0

0

0

Loss on lease termination

-

-

-

-43

-

-

-

-647

-285

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-2,853

-

-

-

-720

-767

-9

-678

-741

-735

-702

-31

32

1,710

1,491

1,494

1,467

-114

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss on disposition of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Loss (gain) on disposition of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Provision for uncollectable tuition

494

258

359

407

592

2,693

3,131

3,322

3,740

3,893

4,131

4,561

5,403

6,617

6,699

6,371

5,602

4,772

4,302

4,246

3,879

3,676

3,740

3,848

4,479

4,533

4,424

4,588

4,204

3,801

3,786

3,656

3,350

0

0

0

Noncash compensation expense

171

187

194

220

245

222

194

108

167

271

320

613

557

491

479

-1,169

-855

-585

-351

1,372

1,535

1,317

1,113

911

453

460

528

511

560

745

881

1,037

1,104

0

0

0

Excess tax benefits from stock based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Deferred income taxes

0

0

9

47

-194

-943

-49

375

625

30

-943

-1,376

-1,379

-2,401

-1,851

-1,510

-1,534

-642

-1,487

-1,853

-1,881

83

431

568

1,194

2,836

3,011

2,870

2,107

1,363

1,205

1,424

1,540

0

0

0

Changes in assets and liabilities:
Student and other receivables

-438

-1,153

344

1,842

1,716

2,866

3,156

2,903

3,707

4,439

644

3,589

-6,764

4,672

9,101

8,432

4,332

7,548

4,829

3,774

16,383

2,703

2,478

3,012

5,659

-1,395

3,328

6,047

4,483

9,135

3,637

1,075

3,010

0

0

0

Prepaid and other current assets

-484

458

393

314

490

-963

-993

-435

-429

255

-160

-96

-73

33

153

-429

53

27

188

771

1,257

1,723

1,619

989

228

-67

70

-61

54

-460

-430

-560

-262

0

0

0

Student notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-59

-51

22

87

52

83

86

109

253

324

441

411

0

0

0

Bookstore inventory

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6

-31

-897

-979

-1,051

-1,001

-19

9

137

0

0

0

Condominium inventory

-512

-794

-640

-668

-713

0

0

0

-

-

-

-

-

-

-

-

-367

-368

-561

-561

-382

-411

-222

-218

-30

0

0

0

-

-

-

-

-382

0

0

0

Other assets

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax receivable/payable

60

2,361

2,249

2,252

2,153

300

2,329

1,448

482

1,123

-1,930

-2,696

-2,671

-2,867

-4,323

-2,313

-1,157

-968

1,562

1,736

1,280

116

180

1,285

852

-170

-147

-1,156

286

-869

-395

-996

-1,491

0

0

0

Accounts payable

1,267

2,357

881

1,195

502

346

284

761

-224

-905

-9

-875

-372

-1,256

-257

-563

230

640

-1,307

-897

-1,839

-109

1,172

0

1,112

-3,201

-2,127

-119

-142

3,080

1,786

345

-665

0

0

0

Deferred income

529

-1,670

-387

954

783

1,722

1,062

456

42

-251

125

563

190

353

-451

-312

149

113

15

-7

146

20

2

-6

-41

95

-43

-44

-58

-179

-55

-94

-11

0

0

0

Accrued and other liabilities

-876

529

338

1,362

518

-538

-1,096

-122

6

1,195

1,103

-107

-891

-1,217

-2,153

-1

-337

-121

476

-1,335

92

-2,368

523

764

249

1,846

1,254

833

314

957

-721

-1,209

294

0

0

0

Other long-term liabilities

-374

832

778

480

-190

-1,716

-1,720

-1,697

-890

-1,514

-1,432

-1,403

-1,361

-579

-463

-422

-384

-353

-388

-239

-48

759

2,148

2,352

2,318

-1,442

-448

-274

128

3,966

2,256

1,761

1,324

0

0

0

Net cash flows used in operating activities

-5,451

-3,069

-4,048

-2,685

-3,796

-3,167

-1,164

959

816

-1,608

1,554

-4,065

7,306

-3,334

-6,509

1,387

8,848

8,280

10,664

9,964

-4,090

8,969

15,279

16,989

15,935

17,594

13,627

10,668

12,857

14,687

17,984

18,172

15,777

0

0

0

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

0

0

1,250

1,251

1,747

3,483

2,234

5,973

7,721

5,985

6,233

4,725

3,897

3,898

31,648

30,862

50,141

54,138

35,133

44,184

36,980

50,978

46,731

48,674

39,927

33,926

37,180

40,739

67,993

75,995

83,990

67,992

35,995

0

0

0

Proceeds from sale of available for sale investments

0

0

3,559

4,180

4,668

8,404

7,769

7,892

7,652

3,916

1,241

2,240

3,881

22,129

39,878

55,122

61,478

46,926

41,016

39,523

42,277

46,727

43,636

36,809

34,046

37,898

44,899

52,228

72,087

72,088

68,076

52,080

27,982

0

0

0

Purchases of property and equipment

795

-1,088

-937

-816

0

3,408

5,342

5,930

5,547

4,025

2,317

1,465

959

826

688

732

1,311

1,782

4,026

4,295

4,532

4,968

4,569

7,138

8,647

11,717

13,478

12,652

13,205

11,225

9,440

8,659

6,659

0

0

0

Proceeds from sale of property and equipment

524

905

370

362

570

425

425

425

215

0

0

0

-

-

-

-

3,628

3,464

3,467

3,467

503

503

500

521

21

287

289

268

430

164

141

163

1

0

0

0

Course development

-

0

0

196

-

279

282

430

565

627

595

466

304

183

182

160

143

147

125

165

247

261

275

242

217

296

415

518

585

576

531

497

454

0

0

0

Payments received on contract for deed

-

0

0

0

-

0

0

0

-

0

0

6

-

8

6

157

160

160

180

298

296

294

274

3

1

0

0

0

-

-

-

-

-

-

-

-

Payments received on note receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,390

1,410

1,825

2,031

641

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other

40

260

260

229

237

-31

-30

-55

-54

-50

-50

-14

-17

-13

-13

-8

-8

1

-1

4

31

16

14

16

19

64

72

99

115

82

85

71

48

0

0

0

Net cash flows used in investing activities

-6,644

-8,762

-8,181

-7,638

-8,324

1,818

366

-3,960

-5,912

-6,671

-7,783

-4,327

-1,187

17,482

7,547

23,697

15,069

-4,158

8,561

-3,529

1,727

-8,228

-8,529

-18,737

-14,742

-7,818

-5,957

-1,512

-9,381

-15,626

-25,829

-24,976

-15,173

0

0

0

CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of capital lease payable

380

367

355

342

331

319

306

296

284

274

264

253

244

234

224

216

206

197

188

191

157

123

91

47

40

17

107

106

100

0

0

0

-

-

-

-

Excess tax benefits from stock based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Purchase of treasury stock

14

15

9

8

15

13

13

9

4

65

516

2,937

3,022

2,968

2,523

112

32

32

35

31

64

1,796

1,811

1,810

1,770

4,005

9,019

9,941

10,084

6,110

8,577

7,648

7,505

0

0

0

Issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32,077

0

0

0

Cash paid for stock issuance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

640

0

0

0

Dividends paid

0

0

0

1,097

2,184

3,272

4,359

4,357

4,355

4,355

4,353

4,391

4,440

4,486

4,534

4,537

4,533

4,529

4,528

4,521

4,392

4,287

4,178

4,080

3,911

3,750

3,595

3,368

3,350

3,279

3,199

3,116

13,391

0

0

0

Net cash flows provided by financing activities

8,106

7,618

7,636

6,553

5,470

-3,604

-4,678

-4,662

-4,643

-4,694

-5,133

-7,581

-7,706

-7,688

-7,281

-4,865

-4,771

-4,758

-4,751

-4,743

-4,613

-6,206

-6,080

-5,937

-5,721

-7,851

-12,800

-13,494

-13,534

-9,421

-5,829

-4,759

16,417

0

0

0

NET DECREASE IN CASH AND CASH EQUIVALENTS

-3,989

-4,213

-4,593

-3,770

-6,650

-4,953

-5,476

-7,663

-9,739

-12,973

-11,362

-15,973

-1,587

6,460

-6,243

20,219

19,146

-636

14,474

1,692

-6,976

-5,465

670

-7,685

-4,528

1,925

-5,130

-4,338

-10,058

-10,360

-13,674

-11,563

17,021

0

0

0

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

-

-

-

-

-

-

-

-

-

-

2,619

1,046

1,156

508

3,657

6,185

7,124

6,444

4,531

3,896

2,907

2,099

2,025

1,726

1,653

1,136

559

1,183

1,289

3,408

4,860

5,837

6,308

0

0

0

Cash (received) paid for income taxes

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

1,293

1,205

983

908

835

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

0

867

-

881

878

882

885

868

814

758

787

836

957

1,043

1,045

0

0

0

-

-

-

-

-

-

-

-

Property and equipment purchases included in accounts payable

-

0

0

356

-

167

-111

14

450

346

449

509

63

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,108

1,004

989

967

1,037

840

880

907

933

831

0

0

0

Dividends declared and unpaid at August 31, 2018 and 2017

-

-

-

0

-

-

-

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment purchases included in accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

Dividends declared and unpaid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-