Nextgen healthcare, inc. (NXGN)
CashFlow / Quarterly
Dec'19Sep'19Jun'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'10Dec'09Sep'09Jun'09
Cash flows from operating activities:
Net income

4,415

6,081

1,244

3,928

4,824

13,094

2,648

-11,047

1,541

8,030

3,896

4,415

10,486

3,987

-647

-16,322

7,302

8,315

6,362

10,743

6,676

4,750

5,163

5,201

-12,587

10,121

12,945

-4,090

15,626

15,691

15,497

15,073

21,105

20,496

18,983

18,553

17,531

13,430

12,092

13,061

13,152

11,820

10,346

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

4,282

4,555

4,125

3,635

2,811

2,635

2,257

2,109

1,838

1,300

1,271

1,266

1,807

2,448

2,371

2,463

2,499

2,490

2,439

2,627

3,073

3,515

3,602

2,985

4,050

2,624

2,679

2,407

2,382

2,417

2,462

2,260

2,106

1,963

1,925

-1,827

-1,811

-1,784

-1,669

-1,601

-1,475

-1,411

-1,440

Amortization of debt issuance costs

177

178

177

178

177

178

177

803

269

269

269

269

269

269

269

258

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Depreciation and Amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,732

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of other intangibles

5,646

5,152

5,153

5,316

5,316

5,409

5,455

6,030

6,083

5,819

5,448

-

-

-

-

5,612

1,801

1,801

1,800

1,756

1,763

1,767

1,841

1,990

2,278

2,196

1,866

1,865

1,884

1,993

1,817

1,326

1,196

1,078

901

830

830

830

765

682

376

368

357

Change in fair value of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

450

-2,033

3,256

2,574

-940

379

419

403

404

529

400

604

485

-295

-135

46

274

142

671

185

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

10

41

-13

223

-153

89

86

-

-

-

-

-1,496

1,187

140

40

9,289

273

387

81

-12,041

-51

15

16

-4,880

70

309

517

-8,310

-404

-841

-10

-8,025

0

0

0

-3,651

-146

-135

-262

1,045

-1,200

-117

-514

Depreciation

2,351

2,010

2,092

2,577

2,725

2,603

2,393

2,481

2,643

2,600

2,774

2,518

2,456

2,552

2,554

2,257

2,128

2,170

2,279

2,568

2,353

2,266

2,136

2,172

2,079

1,921

1,897

1,853

1,689

1,769

1,617

1,342

1,307

1,302

1,244

1,106

1,228

1,008

962

946

919

912

886

Tax benefit associated with stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,261

1,409

852

-

144

144

175

410

109

260

797

Excess tax benefit from share-based compensation

-4

-139

189

-678

53

227

33

0

-18

-74

420

-

0

0

0

-

-

-

-

-

-

-

-

121

0

12

50

-232

0

75

0

1,688

196

1,409

852

1,061

144

144

175

410

109

260

797

Impairment of assets

1,948

1,916

489

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of equipment and improvements

0

0

-41

0

-88

0

-106

-19

-105

-29

-16

-78

-277

-135

-40

-47

-77

-81

0

-39

0

0

-12

-192

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash operating lease costs

2,412

2,027

1,815

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for bad debts

791

1,029

606

2,904

1,355

593

792

829

1,216

1,777

2,091

2,579

534

1,207

762

1,466

1,144

388

575

817

929

245

-1,136

-1,324

-925

1,911

1,805

2,561

1,221

1,675

1,428

1,876

980

1,879

980

879

915

1,136

850

712

950

951

852

Provision for inventory obsolescence

-

-

-

-18

-3

1

10

-4

19

16

20

49

145

94

130

-70

26

35

57

-46

9

53

9

0

0

0

0

-

-

-

-126

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring costs, net of amounts paid

-

-

1,707

-

-

-

-

-

-

-

-

-

-

-607

1,308

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation

4,621

4,316

4,891

4,153

4,698

4,135

3,116

3,712

3,453

3,091

2,041

2,421

2,000

1,918

1,259

967

743

901

684

845

970

867

790

658

707

584

541

361

583

419

964

856

804

705

956

1,035

849

799

1,065

625

129

857

462

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

-4,068

2,989

-5,105

6,420

167

77

-486

6,369

-1,080

1,666

-1,546

10,470

-2,356

-2,182

-11,467

1,384

-3,000

-1,193

-7,120

4,035

-17

-5,590

-3,172

-14,010

-14,153

-1,795

-7,503

-677

929

244

7,492

-11,923

9,875

2,786

9,651

17,455

11,605

2,110

4,924

4,758

5,370

5,604

3,212

Contract assets

760

-445

-1,396

2,100

1,694

16

-2,998

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventory

17

-8

-48

-27

-27

-7

-9

22

26

63

-38

-45

44

17

5

-177

41

37

82

-89

-71

43

-70

-93

-68

-31

273

-536

54

-244

387

-237

403

646

212

-1,654

459

90

53

-70

188

94

26

Income taxes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,804

4,466

0

-

-4,150

6,063

-2,628

-2,425

1,823

3,230

0

0

-177

177

-2,953

-1,387

-2,368

4,414

-4,534

Other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

380

66

-4,025

3,171

484

-444

838

4,927

-1,850

-65

-57

3,915

112

-3

-278

1,968

-1,381

2,511

-788

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

599

235

610

1,234

455

509

579

1,144

94

-357

-40

888

82

524

323

-531

1,101

616

-292

Accounts payable

2,961

-1,054

416

1,853

-2,626

3,015

-1,172

1,210

-3,765

2,164

-841

-607

-149

1,195

-7,029

-277

-693

-188

887

2,365

-1,858

-181

955

2,672

-4,026

1,245

-4,061

4,938

-2,392

-3,572

7,249

-3,551

1,714

224

-571

1,161

-447

1,449

1,181

-1,128

-1,240

1,309

-751

Contract liabilities

-2,106

138

-2,046

3,673

426

-2,173

-6,057

1,556

220

173

-1,102

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-2,623

-2,139

-3,433

1,930

-1,474

-4,289

-4,557

-1,713

-2,073

-1,253

-571

-1,549

6,808

-1,807

-2,416

2,118

-4,885

-2,549

-12,677

-7,343

7,181

2,910

3,245

5,027

6,233

2,165

-214

4,532

6,886

2,586

-1,476

Accrued compensation and related benefits

2,679

6,156

-9,994

1,484

5,294

1,318

-11,088

5,543

3,987

2,943

-10,245

5,287

4,129

1,542

-5,721

1,792

24

676

-8,406

4,463

3,639

2,055

-2,059

2,261

1,716

-97

158

3,320

-1,299

-1,286

-690

874

1,203

-108

-346

925

2,334

-608

-1,355

1,251

-706

-492

-1,059

Income taxes

-2,217

-586

982

1,454

136

1,835

624

-6,574

-1,608

-2,505

2,157

16,680

847

17,636

-423

-22,076

-5,946

-5,309

-7,140

13,310

469

2,210

2,189

-8,526

1,198

-5,722

3,823

3,710

26

-4,439

4,413

1,688

2,457

-7,889

4,359

-

-

-

3,843

-

-

-

-

Other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,364

1,669

149

-1,517

919

4,008

5,669

5,664

-4,238

-2,154

-1,182

7,825

1,929

2,085

721

-1,799

-1,117

1,417

2,345

Deferred compensation

265

-113

141

341

-387

14

-149

-387

35

52

-243

-109

-56

177

260

-310

342

-60

635

273

165

130

373

252

259

348

141

355

246

282

-571

372

369

-28

296

248

62

224

71

-13

223

-414

250

Operating lease liabilities

2,485

2,371

2,286

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets and liabilities

5,720

2,010

-1,097

6,960

4,431

20,529

-354

-17,943

3,006

-328

-4,237

5,712

1,424

-1,831

-1,425

3,613

-456

-1,206

-570

-1,588

716

-1,790

-1,399

3,228

-207

-340

842

-419

-2,735

-551

-679

-

-

-

-

-

-

-

-

-

-

-

-

Other noncurrent liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,202

1,416

509

-

1,423

-82

47

-

-

-

-

Net cash provided by operating activities

23,607

23,767

16,997

17,196

18,363

11,904

3,012

18,791

17,158

24,301

13,793

28,765

25,038

43,452

12,933

13,504

13,406

10,179

3,707

24,052

15,965

24,176

18,565

32,480

28,170

11,874

31,527

23,344

15,231

9,610

19,880

16,363

24,632

15,577

21,533

10,012

23,595

17,344

19,366

15,400

16,937

7,369

15,514

Cash flows from investing activities:
Additions to capitalized software costs

4,884

5,166

4,735

5,718

4,474

5,594

4,785

5,218

4,023

4,376

5,248

1,878

1,052

2,371

2,948

3,071

4,917

3,052

3,635

5,066

3,166

3,467

2,902

1,870

3,619

7,995

7,300

9,307

6,031

9,784

4,333

3,521

3,444

3,620

2,513

2,046

14,355

-3,161

-2,545

12,653

-1,787

-1,525

-1,420

Additions to equipment and improvements

1,758

1,504

3,689

844

1,167

762

2,179

2,195

2,183

2,952

2,471

3,923

3,253

1,527

3,462

4,087

3,914

2,675

3,337

1,087

941

2,248

2,255

486

2,837

2,776

1,835

2,810

2,323

1,487

3,349

2,951

2,700

2,249

2,423

-2,765

-1,773

-1,388

-878

8,858

-855

-1,399

-1,669

Proceeds from sales and maturities of marketable securities

-

-

-

-

-

-

-

-

-

-

-

0

0

0

9,291

3,485

1,500

2,690

1,120

725

3,921

4,495

1,936

2,485

5,090

7,900

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,094

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends declared but not paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

19

10,703

-10,686

0

6

10,691

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common stock issued at fair value for ViaTrack earnout settlement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

11,887

-

-

-

-

-

-

-

-

Unpaid additions to equipment and improvements

-

-

-

-

-

-

-

-

-

-

-

-

-

488

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

613

1,605

2,905

1,514

1,128

6,646

4,349

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for acquisitions, net of cash acquired

-

-

-

-

-

-

-

3,975

0

25,036

33,856

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid, net of cash acquired

-

-

-

-

-

-

-

3,975

0

25,036

33,856

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-78,247

-4,170

-8,424

-6,562

-5,641

-6,356

-6,964

-11,388

-6,206

-32,364

-41,575

-5,801

-4,587

-3,898

2,881

-168,129

-8,936

-5,942

-7,366

-8,901

-6,832

-5,569

-3,221

-1,166

-7,153

-46,208

-9,135

-19,241

-8,354

-11,271

-14,788

-6,472

-11,833

-8,384

-8,215

-5,931

-4,380

3,151

-3,423

-2,290

-5,342

-3,224

-3,089

Cash flows from financing activities:
Proceeds from line of credit

-

-

-

0

0

6,000

20,000

0

0

20,000

30,000

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments on line of credit

0

6,000

5,000

16,000

15,000

8,000

13,000

-

-

-

-

10,000

23,000

40,000

17,000

68,509

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of contingent consideration related to acquisitions

-

-

-

-

-

-

-

0

0

0

18,817

-

0

0

0

-

-

-

-

-

-

-

-

-297

1,725

1,933

62

0

1,418

896

39

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

121

0

12

50

9

0

75

0

1,688

196

1,409

852

1,061

144

144

175

410

109

260

797

Proceeds from issuance of shares under employee plans

494

486

1,096

3,028

397

2,756

1,352

249

320

350

3,970

311

297

343

359

260

253

254

225

213

225

-1

-54

0

665

1,285

250

185

-1

1

763

5,443

565

3,354

3,427

2,199

697

1,677

1,144

572

571

2,158

2,554

Dividends paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,725

10,722

10,703

10,700

10,697

10,698

10,688

10,687

10,688

10,672

10,426

10,417

0

20,799

10,382

10,354

10,305

10,289

10,235

10,160

8,692

8,687

8,672

8,665

8,592

8,593

8,558

8,532

Payments for taxes related to net share settlement of equity awards

799

442

2,401

583

394

650

1,554

81

-11

70

708

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

36,695

-5,956

-6,305

-13,555

-14,997

106

6,798

-2,937

-15,669

10,280

14,445

-9,689

-22,703

-39,657

-16,641

89,153

-10,469

-10,449

-10,475

-9,798

-10,473

-11,375

-10,741

-10,270

-11,732

-11,062

-10,179

194

-22,218

-11,202

-9,630

-4,493

-9,528

-5,472

-5,881

-5,685

-7,846

-6,851

-7,346

-7,610

-7,913

-6,140

-5,181

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

-17,945

13,641

2,268

-2,921

-2,275

5,654

2,846

4,466

-4,717

2,217

-13,337

13,275

-2,252

-103

-827

-65,472

-5,999

-6,212

-14,134

5,353

-1,340

7,232

4,603

21,044

9,285

-45,396

12,213

4,297

-15,341

-12,863

-4,538

5,398

3,271

1,721

7,437

-1,604

11,369

13,644

8,597

5,500

3,682

-1,995

7,244

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

792

1,105

257

604

480

295

191

593

390

5,239

157

345

478

3,831

146

5,593

6,905

11,087

9,661

2,291

1,016

295

212

0

2,888

15,523

2,032

6,965

3,729

20,141

821

12,351

12,874

20,712

4,668

10,187

6,975

11,606

276

5,724

6,419

11,085

1,278

Cash refunds from income taxes

0

146

1,430

233

69

6

367

790

371

134

579

9,643

170

19,681

81

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

253

277

275

434

410

689

286

565

455

522

411

288

227

707

736

781

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for amounts included in the measurement of operating lease liabilities

3,014

2,863

2,617

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease assets obtained in exchange for operating lease liabilities

534

0

5,324

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash investing and financing activities:
Tenant improvement allowance from landlord

-

-

-

-

-

-

-

-

-

462

980

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued purchases of equipment and improvements

-

-

-

-32

0

89

92

-66

21

-474

591

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gain (loss) on marketable securities, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12

12

10

-

-

-

-

-

-

-

-