NEXTGEN HEALTHCARE, INC. NXGN Cash Flow

Nextgen healthcare, inc. (NXGN)

CashFlow / TTM

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09
Cash flows from operating activities:
Net income
15,668	16,077	23,090	24,494	9,519	6,236	1,172	2,420	17,882	26,827	22,784	18,241	-2,496	-5,680	-1,352	5,657	32,722	32,096	28,531	27,332	21,790	2,527	7,898	15,680	6,389	34,602	40,172	42,724	61,887	67,366	72,171	75,657	79,137	75,563	68,497	61,606	56,114	51,735	50,125	48,379	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Amortization of capitalized software costs
16,597	15,126	13,206	11,338	9,812	8,839	7,504	6,518	5,675	5,644	6,792	7,892	9,089	9,781	9,823	9,891	10,055	10,629	11,654	12,817	13,175	14,152	13,261	12,338	11,760	10,092	9,885	9,668	9,521	9,245	8,791	8,254	4,167	250	-3,497	-7,091	-6,865	-6,529	-6,156	-5,927	0	0	0
Amortization of debt issuance costs
710	710	710	710	1,335	1,427	1,518	1,610	1,076	1,076	1,076	1,076	1,065	796	527	258	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Depreciation and Amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of other intangibles
21,267	20,937	21,194	21,496	22,210	22,977	23,387	23,380	0	0	0	-	-	-	-	11,014	7,158	7,120	7,086	7,127	7,361	7,876	8,305	8,330	8,205	7,811	7,608	7,559	7,020	6,332	5,417	4,501	4,005	3,639	3,391	3,255	3,107	2,653	2,191	1,783	0	0	0
Change in fair value of contingent consideration
-	-	-	-	-	-	-	-	-	-	-	4,247	2,857	5,269	2,432	261	1,605	1,755	1,736	1,937	2,018	1,194	659	101	-110	327	1,133	1,272	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
261	98	146	245	0	0	0	-	-	-	-	-129	10,656	9,742	9,989	10,030	-11,300	-11,624	-11,996	-12,061	-4,900	-4,779	-4,485	-3,984	-7,414	-7,888	-9,038	-9,565	-9,280	-8,876	-8,035	-8,025	-3,651	-3,797	-3,932	-4,194	502	-552	-534	-786	0	0	0
Depreciation
9,030	9,404	9,997	10,298	10,202	10,120	10,117	10,498	10,535	10,348	10,300	10,080	9,819	9,491	9,109	8,834	9,145	9,370	9,466	9,323	8,927	8,653	8,308	8,069	7,750	7,360	7,208	6,928	6,417	6,035	5,568	5,195	4,959	4,880	4,586	4,304	4,144	3,835	3,739	3,663	0	0	0
Tax benefit associated with stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	873	838	954	1,576	0	0	0
Excess tax benefit from share-based compensation
-632	-575	-209	-365	313	242	-59	328	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	183	-170	-170	-107	-157	1,763	1,959	3,293	4,145	3,518	3,466	2,201	1,524	873	838	954	1,576	0	0	0
Impairment of assets
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of equipment and improvements
-41	-129	-129	-194	-213	-230	-259	-169	-228	-400	-506	-530	-499	-299	-245	-205	-197	-120	-39	-51	-204	-204	-204	-192	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash operating lease costs
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for bad debts
5,330	5,894	5,458	5,644	3,569	3,430	4,614	5,913	7,663	6,981	6,411	5,082	3,969	4,579	3,760	3,573	2,924	2,709	2,566	855	-1,286	-3,140	-1,474	1,467	5,352	7,498	7,262	6,885	6,200	5,959	6,163	5,715	4,718	4,653	3,910	3,780	3,613	3,648	3,463	3,465	0	0	0
Provision for inventory obsolescence
-	-	-	-10	4	26	41	51	104	230	308	418	299	180	121	48	72	55	73	25	71	62	9	0	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring costs, net of amounts paid
-	-	0	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation
17,981	18,058	17,877	16,102	15,661	14,416	13,372	12,297	11,006	9,553	8,380	7,598	6,144	4,887	3,870	3,295	3,173	3,400	3,366	3,472	3,285	3,022	2,739	2,490	2,193	2,069	1,904	2,327	2,822	3,043	3,329	3,321	3,500	3,545	3,639	3,748	3,338	2,618	2,676	2,073	0	0	0
Changes in assets and liabilities, net of amounts acquired:
Accounts receivable
236	4,471	1,559	6,178	6,127	4,880	6,469	5,409	9,510	8,234	4,386	-5,535	-14,621	-15,265	-14,276	-9,929	-7,278	-4,295	-8,692	-4,744	-22,789	-36,925	-33,130	-37,461	-24,128	-9,046	-7,007	7,988	-3,258	5,688	8,230	10,389	39,767	41,497	40,821	36,094	23,397	17,162	20,656	18,944	0	0	0
Contract assets
1,019	1,953	2,414	812	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventory
-66	-110	-109	-70	-21	32	102	73	6	24	-22	21	-111	-114	-94	-17	71	-41	-35	-187	-191	-188	-262	81	-362	-240	-453	-339	-40	309	1,199	1,024	-393	-337	-893	-1,052	532	261	265	238	0	0	0
Income taxes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-3,140	2,833	0	2,628	5,053	3,053	0	-2,953	-4,340	-6,531	-2,294	-3,875	0	0	0
Other current assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-408	-304	-814	4,049	5,805	3,471	3,850	2,955	1,943	3,905	3,967	3,746	1,799	306	2,820	2,310	0	0	0
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,678	2,534	2,808	2,777	2,687	2,326	1,460	841	585	573	1,454	1,817	398	1,417	1,509	894	0	0	0
Accounts payable
4,176	-1,411	2,658	1,070	427	-712	-1,563	-1,232	-3,049	567	-402	-6,590	-6,260	-6,804	-8,187	-271	2,371	1,206	1,213	1,281	1,588	-580	846	-4,170	-1,904	-270	-5,087	6,223	-2,266	1,840	5,636	-2,184	2,528	367	1,592	3,344	1,055	262	122	-1,810	0	0	0
Contract liabilities
-341	2,191	-120	-4,131	-6,248	-6,454	-4,108	847	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-6,265	-5,116	-7,266	-8,390	-12,033	-12,632	-9,596	-5,610	-5,446	3,435	2,881	1,036	4,703	-6,990	-7,732	-17,993	-27,454	-15,388	-9,929	5,993	18,363	17,415	16,670	13,211	12,716	13,369	13,790	12,528	0	0	0
Accrued compensation and related benefits
325	2,940	-1,898	-2,992	1,067	-240	1,385	2,228	1,972	2,114	713	5,237	1,742	-2,363	-3,229	-5,914	-3,243	372	1,751	8,098	5,896	3,973	1,821	4,038	5,097	2,082	893	45	-2,401	101	1,279	1,623	1,674	2,805	2,305	1,296	1,622	-1,418	-1,302	-1,006	0	0	0
Income taxes
-367	1,986	4,407	4,049	-3,979	-5,723	-10,063	-8,530	14,724	17,179	37,320	34,740	-4,016	-10,809	-33,754	-40,471	-5,085	1,330	8,849	18,178	-3,658	-2,929	-10,861	-9,227	3,009	1,837	3,120	3,710	1,688	4,119	669	615	0	0	0	-	-	-	0	-	-	-	-
Other current liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,063	1,220	3,559	9,079	16,260	11,103	4,941	-1,910	251	6,418	10,657	12,560	2,936	-110	-778	846	0	0	0
Deferred compensation
634	-18	109	-181	-909	-487	-449	-543	-265	-356	-231	272	71	469	232	607	1,190	1,013	1,203	941	920	1,014	1,232	1,000	1,103	1,090	1,024	312	329	452	142	1,009	885	578	830	605	344	505	-133	46	0	0	0
Operating lease liabilities
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets and liabilities
13,593	12,304	30,823	31,566	6,663	5,238	-15,619	-19,502	4,153	2,571	1,068	3,880	1,781	-99	526	1,381	-3,820	-2,648	-3,232	-4,061	755	-168	1,282	3,523	-124	-2,652	-2,863	-4,384	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other noncurrent liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-
Net cash provided by operating activities
81,567	76,323	64,460	50,475	52,070	50,865	63,262	74,043	84,017	91,897	111,048	110,188	94,927	83,295	50,022	40,796	51,344	53,903	67,900	82,758	91,186	103,391	91,089	104,051	94,915	81,976	79,712	68,065	61,084	70,485	76,452	78,105	71,754	70,717	72,484	70,317	75,705	69,047	59,072	55,220	0	0	0
Cash flows from investing activities:
Additions to capitalized software costs
20,503	20,093	20,521	20,571	20,071	19,620	18,402	18,865	15,525	12,554	10,549	8,249	9,442	13,307	13,988	14,675	16,670	14,919	15,334	14,601	11,405	11,858	16,386	20,784	28,221	30,633	32,422	29,455	23,669	21,082	14,918	13,098	11,623	22,534	15,753	10,695	21,302	5,160	6,796	7,921	0	0	0
Additions to equipment and improvements
7,795	7,204	6,462	4,952	6,303	7,319	9,509	9,801	11,529	12,599	11,174	12,165	12,329	12,990	14,138	14,013	11,013	8,040	7,613	6,531	5,930	7,826	8,354	7,934	10,258	9,744	8,455	9,969	10,110	10,487	11,249	10,323	4,607	134	-3,503	-6,804	4,819	5,737	5,726	4,935	0	0	0
Proceeds from sales and maturities of marketable securities
-	-	-	-	-	-	-	-	-	-	-	9,291	12,776	14,276	16,966	8,795	6,035	8,456	10,261	11,077	12,837	14,006	17,411	15,475	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash investing and financing activities:
Tenant Improvement Allowance Received from Landlord
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends declared but not paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	39	35	22	10	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock issued at fair value for ViaTrack earnout settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
Unpaid additions to equipment and improvements
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,637	7,152	12,193	13,637	12,123	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for acquisitions, net of cash acquired
-	-	-	-	-	-	-	62,867	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid, net of cash acquired
-	-	-	-	-	-	-	62,867	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-97,403	-24,797	-26,983	-25,523	-30,349	-30,914	-56,922	-91,533	-85,946	-84,327	-55,861	-11,405	-173,733	-178,082	-180,126	-190,373	-31,145	-29,041	-28,668	-24,523	-16,788	-17,109	-57,748	-63,662	-81,737	-82,938	-48,001	-53,654	-40,885	-44,364	-41,477	-34,904	-34,363	-26,910	-15,375	-10,583	-6,942	-7,904	-14,279	-13,945	0	0	0
Cash flows from financing activities:
Proceeds from line of credit
-	-	-	26,000	26,000	26,000	40,000	50,000	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments on line of credit
27,000	42,000	44,000	52,000	0	0	0	-	-	-	-	90,000	148,509	125,509	85,509	68,509	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of contingent consideration related to acquisitions
-	-	-	-	-	-	-	18,817	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	3,423	3,720	3,413	2,376	2,353	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	183	71	71	134	84	1,763	1,959	3,293	4,145	3,518	3,466	2,201	1,524	873	838	954	1,576	0	0	0
Proceeds from issuance of shares under employee plans
5,104	5,007	7,277	7,533	4,754	4,677	2,271	4,889	4,951	4,928	4,921	1,310	1,259	1,215	1,126	992	945	917	662	383	170	610	1,896	2,200	2,385	1,719	435	948	6,206	6,772	10,125	12,789	9,545	9,677	8,000	5,717	4,090	3,964	4,445	5,855	0	0	0
Dividends paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42,850	42,822	42,798	42,783	42,770	42,761	42,735	42,473	42,203	31,515	41,642	41,598	41,535	51,840	41,330	41,183	40,989	39,376	37,774	36,211	34,716	34,616	34,522	34,408	34,275	0	0	0
Payments for taxes related to net share settlement of equity awards
4,225	3,820	4,028	3,181	2,679	2,274	1,694	848	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
10,879	-40,813	-34,751	-21,648	-11,030	-11,702	-1,528	6,119	-633	-7,667	-57,604	-88,690	10,152	22,386	51,594	57,760	-41,191	-41,195	-42,121	-42,387	-42,859	-44,118	-43,805	-43,243	-32,779	-43,265	-43,405	-42,856	-47,543	-34,853	-29,123	-25,374	-26,566	-24,884	-26,263	-27,728	-29,653	-29,720	-29,009	-26,844	0	0	0
Net increase (decrease) in cash, cash equivalents, and restricted cash
-4,957	10,713	2,726	3,304	10,691	8,249	4,812	-11,371	-2,562	-97	-2,417	10,093	-68,654	-72,401	-78,510	-91,817	-20,992	-16,333	-2,889	15,848	31,539	42,164	-10,464	-2,854	-19,601	-44,227	-11,694	-28,445	-27,344	-8,732	5,852	17,827	10,825	18,923	30,846	32,006	39,110	31,423	15,784	14,431	0	0	0
Supplemental disclosures of cash flow information:
Cash paid for income taxes
2,758	2,446	1,636	1,570	1,559	1,469	6,413	6,379	6,131	6,219	4,811	4,800	10,048	16,475	23,731	33,246	29,944	24,055	13,263	3,814	1,523	3,395	18,623	20,443	27,408	28,249	32,867	31,656	37,042	46,187	46,758	50,605	48,441	42,542	33,436	29,044	24,581	24,025	23,504	24,506	0	0	0
Cash refunds from income taxes
1,809	1,878	1,738	675	1,232	1,534	1,662	1,874	10,727	10,526	30,073	29,575	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest
1,239	1,396	1,808	1,819	1,950	1,995	1,828	1,953	1,676	1,448	1,633	1,958	2,451	2,224	1,517	781	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for amounts included in the measurement of operating lease liabilities
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease assets obtained in exchange for operating lease liabilities
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash investing and financing activities:
Tenant improvement allowance from landlord
-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued purchases of equipment and improvements
-	-	-	149	115	136	-427	72	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized gain (loss) on marketable securities, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-