Navigant consulting inc (NCI)
CashFlow / Quarterly
Jun'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 operating activities:
Net income

11,448

6,319

6,307

74,045

28,826

11,853

43,120

11,939

8,797

11,096

13,504

17,175

14,777

12,642

13,199

14,176

7,827

25,143

12,321

16,261

-75,859

10,879

14,219

10,226

13,950

13,798

13,527

11,444

9,556

11,642

11,056

10,536

10,760

8,778

559

9,223

7,828

6,447

Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation expense

4,262

4,586

5,074

5,128

6,768

6,845

6,785

6,742

7,826

7,473

7,197

7,008

7,015

6,522

-

-

-

5,355

5,202

5,116

4,953

4,309

4,228

4,122

4,100

3,730

4,112

3,618

3,740

3,516

3,239

3,481

3,206

3,377

3,575

3,528

3,553

3,801

Amortization expense

1,393

1,372

1,475

1,569

1,772

1,856

2,247

2,175

2,219

2,319

2,790

2,905

2,891

2,921

1,963

2,084

2,297

2,269

1,291

1,673

1,633

1,362

1,600

1,815

1,713

1,698

1,888

1,504

1,650

1,725

1,960

2,234

2,163

2,301

3,442

3,168

2,962

2,796

Accelerated depreciation - office consolidation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

290

208

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation expense-office consolidation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Amortization expense - client-facing software

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

393

583

178

64

222

86

78

73

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation expense

4,212

2,769

1,462

-346

2,089

3,377

2,623

3,012

4,380

3,022

3,626

2,921

3,995

2,529

2,122

2,682

3,420

2,104

2,150

1,930

2,522

2,714

2,885

2,775

2,874

2,545

2,350

2,738

2,608

2,331

2,276

2,383

2,433

1,700

1,979

1,838

1,963

975

Accretion of interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29

272

863

786

911

490

164

266

223

234

219

191

165

134

140

141

166

221

308

324

219

196

205

Deferred income taxes

278

-5,086

1,355

20,718

6,601

-968

23,517

1,178

-6,893

-1,339

2,779

506

-98

-1,033

-7,097

-2,024

-1,073

-3,613

-3,150

-3,193

31,638

-7,243

-5,671

-777

-4,951

-7,022

1,932

-1,571

-6,709

-4,775

-655

704

-4,157

-7,156

3,874

167

-13,133

5,319

Allowance for doubtful accounts receivable

719

448

1,157

691

3,764

3,130

1,411

5,169

1,171

4

1,809

2,459

2,911

1,636

886

100

1,402

190

700

1,525

1,904

880

-2,024

690

972

255

2,219

1,057

1,893

1,160

1,634

2,248

1,003

2,025

1,106

3,167

2,354

1,584

Loss from disposition of discontinued operations

721

-672

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent acquisition liability adjustments, net

-

-

-

-

-

-

0

1,014

0

1,199

0

480

850

0

-422

0

2,308

-14,933

-554

-834

-2,444

-1,160

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposition of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,715

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

509

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-112

-185

816

-1,773

968

-1,007

-1,286

-350

-826

-651

1,244

-344

-384

-357

-

-

-

-253

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Changes in assets and liabilities (net of acquisitions):
Accounts receivable, net and contract assets

14,960

7,014

5,269

11,003

-5,423

23,615

-28,160

32,923

11,289

-4,279

-13,945

20,152

28,222

15,543

-7,812

-1,060

12,313

24,434

-23,678

9,229

8,943

20,350

-42,158

6,290

-680

16,944

-10,921

4,608

11,404

17,730

-17,984

9,839

5,589

8,373

1,440

19,009

17,151

-13,610

Prepaid expenses and other assets

-1,874

4,305

6,289

-7,723

-3,088

716

5,677

-9,323

9,161

1,197

1,126

-6,340

-1,149

2,174

-2,142

5,356

-409

2,770

-475

919

-2,864

2,723

-2,160

-2,975

-5,728

-1,397

-4,126

1,598

6,591

-1,395

-255

-4,698

-139

4,884

5,647

719

11,030

-1,250

Accounts payable

2,339

-423

4,356

-1,413

593

-2,100

152

3,277

-2,290

-81

671

-1,519

2,000

478

414

-2,821

-969

1,105

898

1,195

-1,765

-2,451

-1,249

2,185

-5,629

70

-816

2,121

1,810

-1,361

1,634

2,830

73

816

310

871

406

1,155

Accrued liabilities

2,264

-119

-6,586

2,414

1,886

2,200

89

-314

799

584

-210

612

205

267

-1,695

727

-2,523

3,967

-191

570

-472

-1,223

-3,767

3,298

1,460

-1,373

-153

911

1,023

1,098

-141

849

-26

-191

-119

-1,194

-943

2,146

Accrued compensation-related costs

5,502

-28,772

5,827

23,235

9,334

-36,458

7,354

23,927

7,386

-49,256

14,151

23,084

16,878

-39,666

10,623

19,148

16,743

-39,639

13,621

10,710

19,703

-41,322

11,038

6,920

20,644

-42,072

19,723

7,027

13,282

-50,826

18,759

15,712

19,512

-31,263

13,461

8,662

11,296

-30,416

Income taxes payable

-6,120

-3,356

-27,288

33,421

-602

2,926

3,281

1,576

-5,962

4,353

-11,167

4,881

7,004

5,055

-5,060

933

-790

836

-3,928

6,950

239

-1,076

-6,690

5,716

132

-5,544

6,194

1,043

-2,404

-448

-1,079

5,050

104

-2,370

4,673

-520

-1,173

-609

Other liabilities

2,818

-8,587

13,410

-3,469

-1,829

-6,120

3,402

1,086

1,152

-188

13,229

1,944

2,277

-2,614

3,078

-2,305

3,799

2,124

2,614

-278

-370

-4,509

1,813

-2,120

-4,692

4,713

4,726

-1,887

3,799

-507

-1,283

674

-777

-2,800

1,972

-2,576

-3,870

500

Net cash (used in) provided by operating activities

13,454

-31,139

-5,800

24,693

53,543

-34,847

70,716

35,175

19,605

-22,961

53,753

47,976

34,212

-26,557

48,976

38,908

29,149

-33,954

63,204

39,357

35,244

-47,708

69,131

35,073

47,485

-31,920

67,521

25,106

26,425

-43,090

57,090

40,318

37,379

-23,420

27,628

6,491

28,606

-20,957

Cash flows from investing activities:
Purchases of property and equipment

5,447

3,007

4,253

3,835

1,705

5,750

7,921

9,840

7,100

13,789

15,201

3,425

5,080

4,959

7,934

7,963

10,247

12,950

8,441

4,123

4,450

6,492

5,510

2,952

2,075

3,680

5,541

3,532

3,153

7,826

4,903

2,071

1,677

1,724

3,844

2,636

2,423

3,056

Acquisitions of businesses, net of cash acquired

120

6,000

-

-

-

-

-

-

-

-

7,431

6,000

0

1,995

42,658

0

0

21,379

0

4,346

83,334

1,500

-

-

-

-

-

-

-

-

-

-

-

-

28,500

0

29,870

4,000

Other acquisition payments

-

-

-

-

-

-

-

-

-

-

0

0

0

5,500

-

-

-

-

-

-

-

-

-

-

-

-

3,750

0

356

750

4,750

0

10,000

217

2,750

0

0

0

Proceeds from disposition, net of selling costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,500

0

0

824

0

1,366

0

15,607

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-

-

-

-

-

-

121

533

42

116

311

-166

607

18

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-312

612

0

0

0

225

-

0

0

0

Capitalized client-facing software

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17

0

36

828

793

491

633

1,368

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-5,567

-9,007

-4,253

422,263

-1,724

-5,750

-13,042

-10,373

-7,142

-13,905

-22,943

-10,424

-5,687

-12,472

-62,066

-8,894

-12,123

-34,329

-10,808

-9,136

-88,263

-7,996

-11,331

-6,556

-3,056

10,559

-34,815

-6,510

-4,108

-9,188

-11,553

-8,371

-12,723

-2,166

-35,094

-2,636

-32,293

-7,056

Cash flows from financing activities:
Issuances of common stock

608

856

440

936

936

1,238

708

568

729

1,914

731

727

785

2,056

486

594

636

4,258

402

896

516

1,019

524

475

1,074

1,071

550

606

1,061

1,066

482

333

410

640

-

-

-

-

Repurchases of common stock

20,751

53,493

57,096

36,603

7,490

11,357

14,993

14,058

8,993

4,961

6,256

5,778

6,757

6,266

5,814

6,126

5,964

6,117

6,487

6,370

7,036

7,391

6,004

8,676

7,451

6,194

6,203

5,407

4,228

3,032

-

-

-

-

-

-

-

-

Dividend payments

1,926

1,994

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of contingent acquisition liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

357

0

0

107

0

0

1,287

2,000

5,779

0

366

2,435

-

-

-

-

-

-

-

-

Repayments to banks

-

-

0

280,585

93,335

79,144

108,036

102,695

95,669

150,800

101,471

99,481

112,853

96,392

101,822

91,930

67,119

71,584

92,173

74,306

88,497

68,398

115,718

61,883

101,764

102,680

138,873

68,976

86,030

53,998

-

-

-

-

-

-

-

-

Borrowings from banks

-

-

0

133,983

57,571

129,677

64,066

93,867

100,789

193,802

76,861

71,608

92,482

134,757

129,306

68,371

58,249

141,394

44,892

44,173

156,420

132,354

62,033

43,128

65,224

134,114

117,503

56,198

67,205

108,823

-

-

-

-

-

-

-

-

Distributions to non-controlling interest holder

0

3,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuances of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

661

Payments of notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net borrowings from (repayments to) banks

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-31,147

-23,275

29,707

-

892

5,734

19,315

Payments of term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

4,599

4,599

4,600

460

40,460

Payments of debt issuance costs

-

-

-

-

-

-

5

91

35

1,166

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-2,541

-1,306

-167

1,524

-4,622

-1,596

-122

-60

-3,500

-1,327

79

-72

-2,072

-658

-116

-52

-1,036

-211

-194

-193

-1,272

-1,009

-141

-99

-507

-945

-101

69

72

-1,111

-201

133

-163

-676

-70

683

271

-390

Net cash used in financing activities

-24,610

-59,537

-60,367

-180,537

-46,940

38,818

-58,382

-22,469

-15,309

37,462

-29,413

-33,775

-28,464

33,497

18,040

-29,735

-15,234

67,740

-53,917

-35,800

60,131

56,468

-59,368

-27,724

-44,711

23,366

-32,903

-17,510

-22,286

49,313

-43,940

-30,681

-25,842

25,072

4,275

-1,545

6,417

-20,874

Effect of exchange rate changes on cash and cash equivalents

132

-20

-85

-134

-385

-24

152

116

270

245

-150

-43

-157

43

-72

-116

74

-117

-83

-21

2

6

17

138

-69

-118

10

153

-105

70

-52

-226

-62

165

-211

73

-91

104

Net (decrease) increase in cash and cash equivalents

-16,591

-99,703

-70,505

266,285

4,494

-1,803

-556

2,449

-2,576

841

1,247

3,734

-96

-5,489

4,878

163

1,866

-660

-1,604

-5,600

7,114

770

-1,551

931

-351

1,887

-187

1,239

-74

-2,895

1,545

1,040

-1,248

-349

-3,402

2,383

2,639

-48,783

Supplemental Consolidated Cash Flow Information
Interest paid

150

153

100

1,167

1,596

1,014

1,250

1,118

697

1,172

684

1,046

1,093

869

815

825

855

688

850

799

698

494

609

749

771

783

964

1,109

939

1,137

-

-

-

-

-

-

-

-

Income taxes paid, net of refunds

9,241

1,137

80,158

-32,446

4,835

891

3,677

1,000

9,958

918

15,748

5,283

1,563

158

5,103

4,355

5,242

2,033

8,197

874

1,621

1,615

11,860

5,789

5,048

8,085

5,666

-428

7,081

3,616

-

-

-

-

-

-

-

-