Eplus inc. (PLUS)
CashFlow / Yearly
Mar'20Mar'19Mar'18Mar'17Mar'16Mar'15Mar'14Mar'13Mar'12Mar'11Mar'10
Cash flows from operating activities:
Net earnings attributable to common shareholders - basic and diluted

69,082

63,192

55,122

50,556

44,747

45,840

35,273

34,830

23,367

23,727

12,745

Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization

19,156

18,639

15,827

11,731

15,980

15,575

14,755

12,168

9,365

9,972

11,393

Amount of expense related loan transactions, lease transactions, credit loss from transactions other than loan and lease transactions, and other loss based on assessment of uncollectability from the counterparty to reduce the account to their net realizable value.

1,004

170

333

-

-

-

-

-

-

-

-

Impairment of goodwill

-

-

-

-

-

-

-

-

-

-

4,029

Current period expense charged to operations, the offset is to the allowance for doubtful accounts for the purpose of reducing receivables, including notes receivable, to an amount that approximates their net realizable value (the amount expected to be collected); or to cost of goods sold that represents the reduction of the carrying amount of inventory, generally attributable to obsolescence; or to valuation allowance for the amount of products sold that the entity expects to be returned.

-

-

-

749

-216

125

853

-192

3,244

303

1,429

Total share-based compensation expense

8,000

7,200

6,500

6,025

5,711

4,585

3,968

3,283

2,392

1,258

474

Excess tax benefit from share-based compensation

-

-

-

-

-

-

1,762

1,648

740

601

224

Tax benefit of stock options exercised

-

-

-

-

-

-

-

-

-

761

447

Deferred taxes

2,185

-3,280

44

1,196

-3,515

1,863

3,536

991

-1,413

-2,424

-1,154

Non-cash operating lease income included in net earnings during the period due to loan payments from lessee made directly to lenders.

70

156

1,445

1,724

4,646

7,685

7,539

5,567

4,371

5,184

-7,045

The gains (losses) included in results of operations resulting from the sale or disposal of property, plant and equipment, including operating lease equipment, which do not qualify for treatment as discontinued operations.

814

2,027

8,694

3,977

3,104

3,112

2,473

946

1,303

1,038

-1,580

Gain on sale of financing receivables

0

9,077

6,796

7,976

7,103

5,884

5,843

2,997

2,915

0

0

Gain on settlement

-

-

-

-

-

1,434

0

0

-

-

-

Excess increase in cash value of life insurance

-

-

-

-

-

-

103

107

160

69

-44

Other

0

0

65

193

185

127

-109

-15

208

0

0

Changes in:
Accounts receivable

64,388

34,306

-6,582

17,232

8,564

-1,372

36,751

14,230

50,529

11,330

-26,823

Accounts receivable-other

-

-

-

-

2,498

2,407

2,621

3,610

-99

-

-

Notes receivable

-

-

-

-

-

-

-

-

-

3,871

642

Inventories-net

-115

10,929

-54,982

60,022

13,405

-3,161

7,724

-8,764

13,775

-118

-55

Financing receivables-net

109,355

7,883

8,537

5,824

9,310

19,560

30,792

-18,763

17,086

-

-

Investment in direct financing and sale-type leases-net

-

-

-

-

-

-

-

-

-

-13,544

-71,860

Deferred costs and other assets

20,982

-5,412

16,241

1,091

-11,189

10,060

1,179

479

-20,126

10,951

-10,215

Accounts payable-trade

-8,884

12,456

258

3,845

-738

-16,810

33,090

4,568

10,218

-3,490

-1,272

Accounts payable-equipment

-

-

-

-

-

-

-

-11,708

9,735

-33,644

37,970

Salaries and commissions payable, deferred revenue and other liabilities

35,193

-6,603

-15,110

58,959

-17,633

12,695

4,052

1,354

-10,468

8,673

14,128

Purchases of short-term investments

-

-

-

-

-

-

-

1,233

7,396

0

-

Net cash provided by (used in) operating activities

-74,174

39,411

82,766

33,016

14,110

14,411

-8,223

41,270

-21,596

-9,398

-37,015

Cash flows from investing activities:
Maturities of short-term investments

-

-

-

-

-

-

982

7,647

0

0

-

Maturities of supplemental benefit plan investments

-

-

-

-

-

2,544

0

0

-

-

-

Proceeds from sale of property, equipment and leased equipment

1,705

3,619

14,403

7,339

6,931

8,562

4,138

1,923

2,176

4,208

5,178

Purchases of property, equipment and operating lease equipment

7,009

11,629

7,590

9,558

14,468

11,773

9,952

15,584

7,655

13,401

10,814

The cash outflow from the amount invested for assets for lease or finance.

0

10,368

6,378

9,861

11,403

143

5,445

0

0

-

-

Issuance of financing receivables

0

175,410

170,666

129,361

137,008

128,125

104,298

87,859

65,678

0

-

Repayments of financing receivables

0

73,942

78,047

55,093

58,067

60,619

42,514

26,913

16,713

0

-

Proceeds from sale of financing receivables

0

73,405

72,225

69,146

64,351

45,828

46,249

55,663

35,487

0

-

Net increase in short-term investments

-

-

-

-

-

-

-

-

-

-

0

Issuance of notes receivable

-

-

-

-

-

-

-

-

-

-

0

Repayments of notes receivable

-

-

-

-

-

-

-

-

-

-

0

Proceeds from sales of notes receivable

-

-

-

-

-

-

-

-

-

-

0

Premiums paid on life insurance

-

-

-

-

-

47

140

128

65

146

198

Cash used in acquisitions, net of cash acquired

15,035

49,764

37,718

9,143

16,649

8,057

2,845

0

11,805

1,761

0

Net cash used in investing activities

-20,339

-96,205

-57,677

-26,345

-50,179

-30,592

-28,797

-12,658

-38,223

-11,100

-5,834

Borrowings of non-recourse and recourse notes payable

141,369

83,924

72,389

73,707

44,807

52,237

51,547

32,746

14,137

9,192

16,740

Borrowings of recourse notes payable

-

-

-

-

-

-

-

-

-

-

0

Repayments of non-recourse and recourse notes payable

31,880

43,054

31,302

40,414

257

1,688

2,252

3,105

3

5,881

6,262

Repurchase of common stock

14,425

18,754

35,245

30,493

11,339

37,685

13,188

1,890

19,418

2,652

6,117

Dividends paid

-

-

-

-

80

90

108

20,100

0

0

-

Proceeds from issuance of capital stock through option exercise

-

-

-

-

-

-

560

1,167

623

3,679

3,128

Payments to settle financing of acquisitions

-

-

-

-

1,158

0

1,027

473

0

0

-

The cash outflow associated with the payments of financing acquisitions.

5,763

7,634

2,104

1,142

-

-

-

-

-

-

-

Excess tax benefit from share based compensation

-

-

-

-

-

-

1,762

1,648

740

601

224

The net cash borrowings (repayments) from floor plan facility.

11,333

3,974

-20,503

6,156

22,475

-518

27,165

-19,660

21,767

6,232

12,486

Net cash provided by (used in) financing activities

100,634

18,456

-16,765

7,814

54,448

12,256

64,459

-9,667

17,846

11,171

20,199

Effect of exchange rate changes on cash

294

-44

114

509

212

-79

20

-3

-5

6

-61

Net increase (decrease) in cash and cash equivalents

6,415

-38,382

8,438

14,994

18,591

-4,004

27,459

18,942

-41,978

-9,321

-22,711

Supplemental disclosures of cash flow information:
Cash paid for interest

2,260

1,862

602

38

84

239

105

26

21

27

289

Cash paid for income taxes

28,356

19,938

32,134

32,240

29,789

35,436

25,517

24,200

11,990

15,220

7,955

The amount of cash paid during the current period for amounts included in the measurement of lease liabilities.

5,613

0

0

-

-

-

-

-

-

-

-

Proceeds from sale of property, equipment, and leased equipment

0

520

591

135

7,650

443

-

-

-

-

-

Proceeds from sales of operating lease equipment included in accounts receivable

-

-

-

-

-

-

861

34

495

0

-

Purchases of property, equipment, and operating lease equipment

329

1,874

290

2,398

10,562

432

123

313

95

49

19

Future cash outflow to pay for purchases of fixed assets leased or financed.

0

13,663

5,089

6,702

9,827

20,022

-

-

-

-

-

Purchase of operating lease equipment included in accounts payable

-

-

-

-

-

-

-

-

0

10

15

Purchase of assets to be leased or financed included in accounts payable

-

-

-

-

-

-

1,140

0

0

-

-

Refers to issuance of financing receivables in noncash financing activity

0

119,024

132,982

217,244

101,718

73,881

98,616

-

-

-

-

Refers to repayment of financing receivables in noncash financing activity.

0

0

13,018

19,421

16,873

0

0

-

-

-

-

Refers to proceeds from sale of financing receivables in noncash financing activity.

0

142,418

143,956

215,227

98,753

73,881

98,616

-

-

-

-

Origination and concurrent sale of notes receivable

-

-

-

-

-

-

-

0

0

-

-

Book value of potential payments under the contingent consideration arrangement including cash and shares.

241

257

12,050

3,924

0

1,980

0

-

-

-

-

Borrowing of recourse and nonrecourse notes payable in noncash financing activity.

114,439

75,164

16,066

35,533

42,840

0

0

-

-

-

-

Repayments of non recourse and recourse notes payable in noncash financing activity.

70

156

19,372

29,217

29,059

34,584

22,146

15,872

15,671

27,397

41,928

Sales Of Operating Lease Equipment For Receivable

-

-

-

-

-

-

-

-

-

-

0

The fair value of vested share-based compensation.

8,990

12,816

12,037

8,013

7,799

6,474

7,838

4,648

2,216

1,239

297

Amount of common stock repurchased during the year included in noncash financing activities.

0

0

771

0

0

-

-

-

-

-

-

New operating lease assets obtained in exchange for lease obligations

6,035

0

0

-

-

-

-

-

-

-

-