Nextgen healthcare, inc. (NXGN)
CashFlow / Yearly
Mar'19Mar'18Mar'17Mar'16Mar'15Mar'14Mar'13Mar'12Mar'11Mar'10Mar'09
Cash flows from operating activities:
Net income

24,494

2,420

18,241

5,657

27,332

15,680

42,724

75,657

61,606

48,379

46,119

Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of capitalized software costs

11,338

6,518

7,892

9,891

12,817

12,338

9,668

8,254

-7,091

-5,927

-5,163

Amortization of debt issuance costs

710

1,610

1,076

258

0

0

-

-

-

-

-

Amortization of other intangibles

21,496

23,380

22,462

11,014

7,127

8,330

7,559

4,501

3,255

1,783

1,034

Change in fair value of contingent consideration

1,000

-

4,247

261

1,937

101

1,272

0

-789

-

-

Deferred income taxes

245

312

-129

10,030

-12,061

-3,984

-9,565

-8,025

-4,194

-786

4,462

Depreciation

10,298

10,498

10,080

8,834

9,323

8,069

6,928

5,195

4,304

3,663

2,911

Tax benefit associated with stock options

-

-

-

-

-

-

-

-

-

1,576

3,382

Excess tax benefit from share-based compensation

-365

328

-

-

-

183

-157

4,145

1,524

1,576

3,381

Loss on disposition of Hospital Solutions Division

-

-

-

-1,366

0

0

-

-

-

-

-

Impairment of assets

-

3,757

-

32,238

0

25,971

17,400

0

-

-

-

Impairment of goodwill

-

-

-

-

-

-

-

-

0

-

-

Loss on disposal of equipment and improvements

-194

-169

-530

-205

-51

-192

0

-73

33

-

-96

Provision for bad debts

5,644

5,913

5,082

3,573

855

1,467

6,885

5,715

3,780

3,465

2,089

Provision for inventory obsolescence

-10

51

418

48

25

0

193

43

27

27

-13

Restructuring costs, net of amounts paid

-

-

2,891

-

0

-

-

-

-

-

-

Share-based compensation

16,102

12,297

7,598

3,295

3,472

2,490

2,327

3,321

3,748

2,073

1,977

Changes in assets and liabilities, net of amounts acquired:
Accounts receivable

6,178

5,409

-5,535

-9,929

-4,744

-37,461

7,988

10,389

36,094

18,944

11,369

Contract assets

812

-

-

-

-

-

-

-

-

-

-

Inventory

-70

73

21

-17

-187

81

-339

1,024

-1,052

238

88

Income taxes receivable

-

-

-

-

-

-

-

2,628

-2,953

-3,875

5,433

Other current assets

-

-

-

-

-

-

4,049

2,955

3,746

2,310

1,202

Other assets

-

-

-

-

-

-

2,777

841

1,817

894

448

Accounts payable

1,070

-1,232

-6,590

-271

1,281

-4,170

6,223

-2,184

3,344

-1,810

-299

Contract liabilities

-4,131

847

-5,493

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-8,390

-5,610

1,036

-17,993

5,993

13,211

12,528

3,130

Accrued compensation and related benefits

-2,992

2,228

5,237

-5,914

8,098

4,038

45

1,623

1,296

-1,006

136

Income taxes

4,049

-8,530

34,740

-40,471

18,178

-9,227

3,710

615

5,054

-1,404

-1,541

Other current liabilities

-

-

-

-

-

-

9,079

-1,910

12,560

846

2,055

Deferred compensation

-181

-543

272

607

941

1,000

312

1,009

605

46

-68

Other assets and liabilities

31,566

-19,502

3,880

1,381

-4,061

3,523

-4,384

207

-6,950

-

-

Net cash provided by operating activities

50,475

74,043

110,188

40,796

82,758

104,051

68,065

78,105

70,317

55,220

48,712

Cash flows from investing activities:
Additions to capitalized software costs

20,571

18,865

8,249

14,675

14,601

20,784

29,455

13,098

10,695

7,921

-5,863

Additions to equipment and improvements

4,952

9,801

12,165

14,013

6,531

7,934

9,969

10,323

-6,804

4,935

-3,218

Proceeds from sales and maturities of marketable securities

-

-

9,291

8,795

11,077

15,475

4,960

-

7,700

425

14,825

Business Combination, Consideration Transferred, Equity Interests Issued and Issuable

-

-

-

-

-

-

3,953

1,068

-

-

-

Non-cash investing and financing activities:
Tenant Improvement Allowance Received from Landlord

-

-

-

-

-

0

965

0

1,970

-

-

Dividends declared but not paid

-

-

-

-

10

-

-

-

-

-

-

Common stock issued at fair value for ViaTrack earnout settlement

-

-

-

-

-

-

3,000

11,888

-

-

-

Proceeds for disposal of equipment and improvements

-

-

-

-

-

-

-

11

336

-

-

Purchases of marketable securities

-

-

-

6,637

12,123

15,386

12,084

0

1,120

-

-

Payments for acquisitions, net of cash acquired

-

62,867

-

163,843

-

-

-

-

-

-

-

Unrealized gain on marketable securities, net of tax

-

-

-

-

-

-

-

-

-

-

196

Issuance of stock options in connection with the acquisition of PMP

-

-

-

-

-

-

-

0

-

433

-

Cash paid, net of cash acquired

-

62,867

-

163,843

-

-

-

-

-

-

-

Net cash used in investing activities

-25,523

-91,533

-11,405

-190,373

-24,523

-63,662

-53,654

-34,904

-10,583

-13,945

-19,447

Cash flows from financing activities:
Proceeds from line of credit

26,000

50,000

-

173,509

0

0

-

-

-

-

-

Repayments on line of credit

52,000

28,000

90,000

68,509

0

0

-

-

-

-

-

HealthFusion working capital adjustment payment

-

-

282

-

2,345

-

-

-

-

-

-

Cash paid

-

-

282

-

2,345

-

-

-

-

-

-

Payment of debt issuance costs

-

1,105

-

5,382

0

0

-

-

-

-

-

Payment of contingent consideration related to acquisitions

-

18,817

-

-

-

3,423

2,353

1,319

253

3,000

-

Excess tax benefit from share-based compensation

-

-

-

-

-

183

84

4,145

1,524

1,576

3,381

Proceeds from issuance of shares under employee plans

7,533

4,889

1,310

992

383

2,200

948

12,789

5,717

5,855

12,519

Dividends paid

-

-

-

42,850

42,770

42,203

41,535

40,989

34,716

34,275

30,763

Payments for taxes related to net share settlement of equity awards

3,181

848

-

-

-

-

-

-

-

-

-

Loan repayment

-

-

-

-

-

-

-

-

-

-

3,268

Net cash provided by (used in) financing activities

-21,648

6,119

-88,690

57,760

-42,387

-43,243

-42,856

-25,374

-27,728

-26,844

-18,131

Net increase (decrease) in cash, cash equivalents, and restricted cash

3,304

-11,371

10,093

-91,817

15,848

-2,854

-28,445

17,827

32,006

14,431

11,134

Supplemental disclosures of cash flow information:
Cash paid for income taxes

1,570

6,379

4,800

33,246

3,814

20,443

31,656

50,605

29,044

24,506

26,455

Cash refunds from income taxes

675

1,874

29,575

2,344

1,291

-

-

-

-

-

-

Cash paid for interest

1,819

1,953

1,958

781

-

0

-

-

-

-

-

Common stock issued for settlement of share-based contingent consideration

-

-

9,273

9,273

-

0

-

-

-

-

-

Non-cash investing and financing activities:
Non-cash additions to capitalized software

2,304

-

-

-

-

-

-

-

-

-

-

Tenant improvement allowance from landlord

-

-

-

2,933

-

-

-

-

-

-

-

Accrued purchases of equipment and improvements

149

72

82

295

-

-

-

-

-

-

-