Navigant consulting inc (NCI)
CashFlow / TTM
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

98,119

115,497

121,031

157,844

95,738

75,709

74,952

45,336

50,572

56,552

58,098

57,793

54,794

47,844

60,345

59,467

61,552

-22,134

-36,398

-34,500

-40,535

49,274

52,193

51,501

52,719

48,325

46,169

43,698

42,790

43,994

41,130

30,633

29,320

26,388

24,057

0

0

0

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

19,050

21,556

23,815

25,526

27,140

28,198

28,826

29,238

29,504

28,693

27,742

0

0

0

-

-

-

20,626

19,580

18,606

17,612

16,759

16,180

16,064

15,560

15,200

14,986

14,113

13,976

13,442

13,303

13,639

13,686

14,033

14,457

0

0

0

Amortization expense

5,809

6,188

6,672

7,444

8,050

8,497

8,960

9,503

10,233

10,905

11,507

10,680

9,859

9,265

8,613

7,941

7,530

6,866

5,959

6,268

6,410

6,490

6,826

7,114

6,803

6,740

6,767

6,839

7,569

8,082

8,658

10,140

11,074

11,873

12,368

0

0

0

Accelerated depreciation - office consolidation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

498

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation expense-office consolidation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Amortization expense - client-facing software

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,218

1,047

550

450

459

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation expense

8,097

5,974

6,582

7,743

11,101

13,392

13,037

14,040

13,949

13,564

13,071

11,567

11,328

10,753

10,328

10,356

9,604

8,706

9,316

10,051

10,896

11,248

11,079

10,544

10,507

10,241

10,027

9,953

9,598

9,423

8,792

8,495

7,950

7,480

6,755

0

0

0

Accretion of interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,950

2,832

3,050

2,351

1,831

1,143

887

942

867

809

709

630

580

581

668

836

1,019

1,072

1,047

944

0

0

0

Deferred income taxes

17,265

23,588

27,706

49,868

30,328

16,834

16,463

-4,275

-4,947

1,848

2,154

-7,722

-10,252

-11,227

-13,807

-9,860

-11,029

21,682

18,052

15,531

17,947

-18,642

-18,421

-10,818

-11,612

-13,370

-11,123

-13,710

-11,435

-8,883

-11,264

-6,735

-7,272

-16,248

-3,773

0

0

0

Allowance for doubtful accounts receivable

3,015

6,060

8,742

8,996

13,474

10,881

7,755

8,153

5,443

7,183

8,815

7,892

5,533

4,024

2,578

2,392

3,817

4,319

5,009

2,285

1,450

518

-107

4,136

4,503

5,424

6,329

5,744

6,935

6,045

6,910

6,382

7,301

8,652

8,211

0

0

0

Loss from disposition of discontinued operations

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent acquisition liability adjustments, net

-

-

-

-

-

-

2,213

2,213

1,679

2,529

1,330

908

428

1,886

-13,047

-13,179

-14,013

-18,765

-4,992

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposition of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-1,254

-174

-996

-3,098

-1,675

-3,469

-3,113

-583

-577

-135

159

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

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

38,246

17,863

34,464

1,035

22,955

39,667

11,773

25,988

13,217

30,150

49,972

56,105

34,893

18,984

27,875

12,009

22,298

18,928

14,844

-3,636

-6,575

-16,198

-19,604

11,633

9,951

22,035

22,821

15,758

20,989

15,174

5,817

25,241

34,411

45,973

23,990

0

0

0

Prepaid expenses and other assets

997

-217

-3,806

-4,418

-6,018

6,231

6,712

2,161

5,144

-5,166

-4,189

-7,457

4,239

4,979

5,575

7,242

2,805

350

303

-1,382

-5,276

-8,140

-12,260

-14,226

-9,653

2,666

2,668

6,539

243

-6,487

-208

5,694

11,111

22,280

16,146

0

0

0

Accounts payable

4,859

3,113

1,436

-2,768

1,922

-961

1,058

1,577

-3,219

1,071

1,630

1,373

71

-2,898

-2,271

-1,787

2,229

1,433

-2,123

-4,270

-3,280

-7,144

-4,623

-4,190

-4,254

3,185

1,754

4,204

4,913

3,176

5,353

4,029

2,070

2,403

2,742

0

0

0

Accrued liabilities

-2,027

-2,405

-86

6,589

3,861

2,774

1,158

859

1,785

1,191

874

-611

-496

-3,224

476

1,980

1,823

3,874

-1,316

-4,892

-2,164

-232

-382

3,232

845

408

2,879

2,891

2,829

1,780

491

513

-1,530

-2,447

-110

0

0

0

Accrued compensation-related costs

5,792

9,624

1,938

3,465

4,157

2,209

-10,589

-3,792

-4,635

4,857

14,447

10,919

6,983

6,848

6,875

9,873

1,435

4,395

2,712

129

-3,661

-2,720

-3,470

5,215

5,322

-2,040

-10,794

-11,758

-3,073

3,157

22,720

17,422

10,372

2,156

3,003

0

0

0

Income taxes payable

-3,343

2,175

8,457

39,026

7,181

1,821

3,248

-11,200

-7,895

5,071

5,773

11,880

7,932

138

-4,081

-2,949

3,068

4,097

2,185

-577

-1,811

-1,918

-6,386

6,498

1,825

-711

4,385

-2,888

1,119

3,627

1,705

7,457

1,887

610

2,371

0

0

0

Other liabilities

4,172

-475

1,992

-8,016

-3,461

-480

5,452

15,279

16,137

17,262

14,836

4,685

436

1,958

6,696

6,232

8,259

4,090

-2,543

-3,344

-5,186

-9,508

-286

2,627

2,860

11,351

6,131

122

2,683

-1,893

-4,186

-931

-4,181

-7,274

-3,974

0

0

0

Net cash (used in) provided by operating activities

1,208

41,297

37,589

114,105

124,587

90,649

102,535

85,572

98,373

112,980

109,384

104,607

95,539

90,476

83,079

97,307

97,756

103,851

90,097

96,024

91,740

103,981

119,769

118,159

108,192

87,132

75,962

65,531

80,743

91,697

111,367

81,905

48,078

39,305

41,768

0

0

0

Cash flows from investing activities:
Purchases of property and equipment

16,542

12,800

15,543

19,211

25,216

30,611

38,650

45,930

39,515

37,495

28,665

21,398

25,936

31,103

39,094

39,601

35,761

29,964

23,506

20,575

19,404

17,029

14,217

14,248

14,828

15,906

20,052

19,414

17,953

16,477

10,375

9,316

9,881

10,627

11,959

0

0

0

Acquisitions of businesses, net of cash acquired

0

0

-

-

-

-

-

-

-

-

15,426

50,653

44,653

44,653

64,037

21,379

25,725

109,059

89,180

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

62,370

0

0

0

Other acquisition payments

-

-

-

-

-

-

-

-

-

-

5,500

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

4,856

5,856

5,856

15,500

14,967

12,967

12,967

2,967

2,750

0

0

0

Proceeds from disposition, net of selling costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,324

824

2,190

2,190

16,973

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-

-

-

-

-

-

812

1,002

303

868

770

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

300

300

300

612

225

0

0

0

-

0

0

0

Capitalized client-facing software

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

881

1,657

2,148

2,745

3,285

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

403,436

407,279

410,536

401,747

-30,889

-36,307

-44,462

-54,363

-54,414

-52,959

-51,526

-90,649

-89,119

-95,555

-117,412

-66,154

-66,396

-142,536

-116,203

-116,726

-114,146

-28,939

-10,384

-33,868

-33,822

-34,874

-54,621

-31,359

-33,220

-41,835

-34,813

-58,354

-52,619

-72,189

-77,079

0

0

0

Cash flows from financing activities:
Issuances of common stock

2,840

3,168

3,550

3,818

3,450

3,243

3,919

3,942

4,101

4,157

4,299

4,054

3,921

3,772

5,974

5,890

6,192

6,072

2,833

2,955

2,534

3,092

3,144

3,170

3,301

3,288

3,283

3,215

2,942

2,291

1,865

0

0

0

-

-

-

-

Repurchases of common stock

167,943

154,682

112,546

70,443

47,898

49,401

43,005

34,268

25,988

23,752

25,057

24,615

24,963

24,170

24,021

24,694

24,938

26,010

27,284

26,801

29,107

29,522

28,325

28,524

25,255

22,032

18,870

0

0

0

-

-

-

-

-

-

-

-

Dividend payments

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of contingent acquisition liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

464

107

107

1,394

3,287

9,066

9,066

8,145

8,580

0

0

0

-

-

-

-

-

-

-

-

Repayments to banks

-

-

453,064

561,100

383,210

385,544

457,200

450,635

447,421

464,605

410,197

410,548

402,997

357,263

332,455

322,806

305,182

326,560

323,374

346,919

334,496

347,763

382,045

405,200

412,293

396,559

347,877

0

0

0

-

-

-

-

-

-

-

-

Borrowings from banks

-

-

321,231

385,297

345,181

388,399

452,524

465,319

443,060

434,753

375,708

428,153

424,916

390,683

397,320

312,906

288,708

386,879

377,839

394,980

393,935

302,739

304,499

359,969

373,039

375,020

349,729

0

0

0

-

-

-

-

-

-

-

-

Distributions to non-controlling interest holder

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuances of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Payments of notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net borrowings from (repayments to) banks

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Payments of term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,599

9,198

13,798

14,258

50,119

0

0

0

Payments of debt issuance costs

-

-

-

-

-

-

1,297

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-2,490

-4,571

-4,861

-4,816

-6,400

-5,278

-5,009

-4,808

-4,820

-3,392

-2,723

-2,918

-2,898

-1,862

-1,415

-1,493

-1,634

-1,870

-2,668

-2,615

-2,521

-1,756

-1,692

-1,652

-1,484

-905

-1,071

-1,171

-1,107

-1,342

-907

-776

-226

208

494

0

0

0

Net cash used in financing activities

-325,051

-347,381

-249,026

-247,041

-88,973

-57,342

-58,698

-29,729

-41,035

-54,190

-58,155

-10,702

-6,662

6,568

40,811

-31,146

-37,211

38,154

26,882

21,431

29,507

-75,335

-108,437

-81,972

-71,758

-49,333

-23,386

-34,423

-47,594

-51,150

-75,391

-27,176

1,960

34,219

-11,727

0

0

0

Effect of exchange rate changes on cash and cash equivalents

-107

-624

-628

-391

-141

514

783

481

322

-105

-307

-229

-302

-71

-231

-242

-147

-219

-96

4

163

92

-32

-39

-24

-60

128

66

-313

-270

-175

-334

-35

-64

-125

0

0

0

Net (decrease) increase in cash and cash equivalents

79,486

100,571

198,471

268,420

4,584

-2,486

158

1,961

3,246

5,726

-604

3,027

-544

1,418

6,247

-235

-5,998

-750

680

733

7,264

-201

916

2,280

2,588

2,865

-1,917

-185

-384

-1,558

988

-3,959

-2,616

1,271

-47,163

0

0

0

Supplemental Consolidated Cash Flow Information
Interest paid

1,570

3,016

3,877

5,027

4,978

4,079

4,237

3,671

3,599

3,995

3,692

3,823

3,602

3,364

3,183

3,218

3,192

3,035

2,841

2,600

2,550

2,623

2,912

3,267

3,627

3,795

4,149

0

0

0

-

-

-

-

-

-

-

-

Income taxes paid, net of refunds

58,090

53,684

53,438

-23,043

10,403

15,526

15,553

27,624

31,907

23,512

22,752

12,107

11,179

14,858

16,733

19,827

16,346

12,725

12,307

15,970

20,885

24,312

30,782

24,588

18,371

20,404

15,935

0

0

0

-

-

-

-

-

-

-

-