ePlus inc. PLUS Cash Flow

Eplus inc. (PLUS)

CashFlow / Quarterly

Mar'20	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
Cash flows from operating activities:
Net earnings attributable to common shareholders - basic and diluted
13,246	19,550	20,098	16,188	15,052	14,864	18,003	15,273	8,897	15,581	17,221	13,423	10,490	12,620	16,775	10,671	9,957	10,297	15,679	8,814	8,910	15,501	11,952	9,477	8,222	10,610	8,591	7,850	7,702	9,033	10,033	8,062	3,857	8,743	7,064	3,703	3,556	7,549	7,909	4,713
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization
3,939	5,140	5,113	4,964	5,298	4,474	4,367	4,500	4,503	4,579	3,520	3,225	2,973	2,926	3,057	2,775	2,960	4,517	4,268	4,235	4,134	3,810	3,790	3,841	2,954	4,442	3,652	3,707	3,462	3,091	2,913	2,702	2,046	2,451	2,566	2,302	3,108	2,167	2,209	2,488
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.
-	-	280	351	-	-	-14	192	-	54	-51	283	-177	77	658	191	-125	32	268	-391	-150	30	26	219	603	39	235	-24	-95	-234	321	-184	2,371	538	168	167	122	675	-593	99
Provision for inventory allowances and inventory returns
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	76	144	153	-	209	309	180
Total share-based compensation expense
2,000	1,900	2,200	1,900	1,800	1,800	1,900	1,700	1,644	1,676	1,673	1,507	1,505	1,617	1,445	1,458	1,501	1,499	1,480	1,231	1,157	1,181	1,200	1,047	1,003	1,011	1,073	881	788	917	915	663	656	656	649	431	384	384	320	170
Excess tax benefit from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-90	-63	887	396	-170	540	996	258	634	517	239	-225	662	251	52	834	-139	-91	-3
Tax benefit of stock options exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18
Deferred taxes
2,182	0	0	3	-3,495	215	0	0	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash operating lease income included in net earnings during the period due to loan payments from lessee made directly to lenders.
26	10	12	22	38	43	43	32	120	135	176	1,014	-107	310	-363	1,884	1,059	1,027	1,102	1,458	1,674	1,566	1,990	2,455	1,682	1,795	1,888	2,174	1,768	1,408	1,418	973	1,393	929	995	1,054	9,223	-1,203	-1,295	-1,541
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.
200	178	233	203	720	368	645	294	1,139	2,191	4,252	1,112	235	1,889	964	889	483	2,104	192	325	674	318	1,556	564	923	549	754	247	103	283	143	417	11	1,632	-70	-270	1,949	-753	-1	-157
Gain on sale of financing receivables
0	0	0	0	4,047	2,446	1,230	1,354	2,171	1,127	1,206	2,292	4,008	858	1,655	1,455	1,664	1,448	2,501	1,490	1,244	1,461	938	2,241	136	1,682	321	3,704	1,995	477	525	0	-	-	-	-	-	-	-	-
Gain on settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,434	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Excess increase in cash value of life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	142	-2	-71	0
Other
-	-	0	0	-	-	-2	4	64	1	2	-2	-123	-111	318	109	-39	218	53	-47	173	4	2	-52	-39	-28	66	-108	-22	-248	-91	346	464	-381	123	2	-	-	-	-
Changes in:
Accounts receivable
-37,705	55,993	-23,181	69,281	-22,463	27,482	-30,853	60,140	-16,853	-11,423	7,930	13,764	-40,500	-544	33,993	24,283	-23,128	-8,323	71,383	-31,368	-28,750	40,614	19,038	-32,274	-2,834	52,482	-16,473	3,576	-28,182	30,454	-2,642	14,600	395	19,806	32,317	-1,989	41,057	-14,173	-18,360	2,806
Accounts receivable-other
-	-	-	-	-	-	-	-	-	-	-	-	-	715	7,895	-4,378	1,322	-1,094	8,686	-6,416	6,899	-5,346	2,912	-2,058	-978	-488	2,866	1,221	-	-	-	-	-	-	-	-	-	-	-	-
Notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,530	-1,305	277	-	-270	1,378	22	2,860	1,237	3,320	-3,546
Inventories-net
-10,544	5,128	-2,473	7,774	-745	-5,014	4,248	12,440	-11,650	-291	-39,860	-3,181	-17,400	30,099	34,135	13,188	7,762	6,181	-5,922	5,384	-3,475	-6,692	479	6,527	-1,458	4,139	-7,984	13,027	-9,393	8,264	-8,408	773	7,315	3,201	-4,527	7,786	12,900	-10,398	1,692	-4,312
Financing receivables-net
21,722	11,210	18,225	58,198	6,813	-4,852	9,671	-3,749	-4,508	15,775	-6,601	3,871	23,621	-13,542	-4,011	-244	-1,360	9,499	1,106	65	4,633	740	1,955	12,232	10,668	11,931	5,377	2,816	-	-	-	-	-	-	-	-	-	-	-	-
Investment in direct financing and sale-type leases-net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-11,958	9,791	-8,996	-	12,289	-7,987	8,434	-29,374	-1,577	1,713	15,694
Deferred costs and other assets
2,558	-402	4,447	14,379	-1,441	949	571	-5,491	-5,808	13,759	2,296	5,994	2,929	1,029	1,248	-4,115	-5,301	5,147	-14,062	3,027	3,751	7,642	-233	-1,100	769	1,923	-4,007	2,494	-33,564	33,537	-1,960	2,466	-2,187	-8,230	-3,997	-5,712	20,722	3,165	-11,200	-1,736
Accounts payable-trade
-42,458	17,989	-5,504	21,089	-3,606	13,687	-7,727	10,102	-18,148	25,326	-14,550	7,630	-49,363	38,404	10,977	3,827	5,174	1,272	6,166	-13,350	-1,359	13,864	-3,543	-25,772	22,274	11,038	8,458	-8,680	-22,176	28,781	-355	-1,682	-5,562	13,877	-2,113	4,016	-4,709	5,028	-4,658	849
Accounts payable-equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-416	2	-164	-	753	-18,446	20,146	-3,414	787	1,135	-10,216	12,738	-3,244	-4,261	4,502	337	-4,762	-936	-28,283
Salaries and commissions payable, deferred revenue and other liabilities
1,831	7,276	8,131	17,955	2,243	5,923	1,007	-15,776	-1,432	12,608	-21,636	-4,650	7,759	38,789	11,199	1,212	-8,615	1,946	-7,172	-3,792	-977	7,312	9,506	-3,146	-1,434	13,873	-7,565	-822	-34,002	40,305	-4,792	-157	-3,782	3,957	-7,113	-3,530	-3,210	1,668	4,291	5,924
Net decrease in short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Purchases of short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1	494	738	7,396	0	0	0	-	-	-	-
Net cash provided by (used in) operating activities
554	-20,324	32,990	-87,394	37,239	19,257	31,947	-49,032	33,942	35,494	16,780	-3,450	3,314	73,508	-31,087	-12,719	31,827	3,792	-44,338	22,829	24,341	1,065	-5,641	-5,354	18,543	-32,327	12,650	-7,089	27,486	21,177	4,514	-11,907	2,907	-4,378	-22,184	2,059	23,235	-10,809	-15,187	-6,637
Cash flows from investing activities:
Maturities of short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	982	246	743	2,216	4,442	0	0	0	0	-	-	-	-
Proceeds from sale of property, equipment and leased equipment
301	751	361	292	1,069	786	730	1,034	4,436	1,991	6,996	980	959	2,792	1,488	2,100	1,582	2,150	1,356	1,843	1,161	1,650	3,685	2,066	858	1,351	1,568	361	294	752	648	229	236	824	846	270	506	1,777	1,337	588
Purchases of property, equipment and operating lease equipment
-200	2,321	3,370	1,518	3,137	2,041	4,821	1,630	1,292	2,862	1,565	1,871	2,258	4,131	2,279	890	-2,540	1,390	8,694	6,924	4,202	5,652	1,450	469	2,014	1,179	3,473	3,286	3,025	6,336	5,034	1,189	675	3,926	1,955	1,099	699	6,237	3,595	2,870
The cash outflow from the amount invested for assets for lease or finance.
0	0	0	0	-3,573	5,321	1,425	7,195	662	1,924	775	3,017	3,964	1,391	-1,546	6,052	575	1,465	-74	9,437	-7,485	-2,372	842	9,158	-2,833	1,246	7,032	0	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of financing receivables
0	0	0	0	35,103	51,865	39,087	49,355	32,506	37,375	49,761	51,024	14,690	50,710	31,861	32,100	34,396	34,989	23,370	44,253	34,920	42,042	34,471	16,692	36,265	22,186	-44,946	90,793	54,942	15,680	12,772	4,465	26,002	19,986	5,639	14,051	-	-	-	-
Repayments of financing receivables
0	0	0	0	18,744	21,849	17,794	15,555	19,018	17,942	20,457	20,630	11,002	19,365	18,870	5,856	8,837	13,770	14,328	21,132	10,042	22,495	14,466	13,616	9,017	17,466	10,824	5,207	12,936	4,590	4,119	5,268	2,291	3,719	7,849	2,854	-	-	-	-
Proceeds from sale of financing receivables
0	0	0	0	16,422	26,520	20,687	9,776	8,122	20,326	15,398	28,379	29,289	15,183	11,098	13,576	16,177	22,153	14,807	11,214	21,612	11,875	2,352	9,989	17,979	12,814	-57,044	72,500	32,834	9,409	3,765	9,655	6,891	16,700	11,443	453	-	-	-	-
Issuance of notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Repayments of notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Proceeds from sales of notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Premiums paid on life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	47	-23	70	46	47	68	17	-59	102	-28	23	35	35	41	35	23	47
Cash used in acquisitions, net of cash acquired
-	-	-	-	-	-	-	-	0	0	29,805	7,913	-357	9,500	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,291	0	0	3,514	0	1,761	0	0
Net cash used in investing activities
-295	-1,994	-16,824	-1,226	-48,196	-10,072	-6,122	-31,815	-2,884	-1,902	-39,055	-13,836	20,695	-28,392	-1,138	-17,510	-5,835	-16,420	-1,499	-26,425	1,113	-9,523	-21,487	-695	-7,569	4,105	-10,257	-15,076	-11,725	-6,540	-7,493	13,100	-32,918	-2,692	12,509	-15,122	-234	-6,256	-2,281	-2,329
Borrowings of non-recourse and recourse notes payable
65,812	20,680	13,483	41,394	43,231	13,536	8,355	18,802	33,024	6,799	27,866	4,700	39,687	11,080	10,961	11,979	16,942	16,626	3,282	7,957	11,908	10,225	18,891	11,213	22,527	16,241	9,130	3,649	12,512	5,629	4,267	10,338	7,677	4,160	2,300	0	622	1,876	3,699	2,995
Repayments of non-recourse and recourse notes payable
22,026	4,225	2,215	3,414	25,607	6,218	5,326	5,903	4,033	2,539	24,263	467	35,002	92	5,318	2	3	68	0	186	3,268	-778	-193	-609	4,499	-1,112	-883	-252	3,746	-141	37	-537	471	-176	-266	-26	691	1,303	2,171	1,716
Repurchase of common stock
733	0	374	13,318	2,493	6,126	305	9,830	21,846	9,016	253	4,130	0	1	9,852	20,640	8,864	0	0	2,475	605	2,298	5,533	29,249	2,880	4,407	4,206	1,695	0	333	408	1,149	839	8,545	8,348	1,686	110	386	1,749	407
Dividends paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	80	0	0	10	80	1	2	185	-80	0	20,100	0	0	-	-	-	-	-	-	-	-
Proceeds from issuance of capital stock through option exercise
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37	370	172	44	777	-2	2,387	517
The cash outflow associated with the payments of financing acquisitions.
0	4,978	520	265	0	5,500	1,634	500	500	500	500	604	1,142	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from share based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-90	-63	887	396	-170	540	996	258	634	517	239	-225	662	251	52	368	139	91	3
The net cash borrowings (repayments) from floor plan facility.
-17,067	14,815	-6,345	19,930	-8,476	3,788	-8,806	17,468	4,348	-12,456	-18,715	6,320	11,758	-33,804	5,586	22,616	-6,106	946	16,652	10,983	-11,207	-10,005	10,150	10,544	8,655	4,468	-25,352	39,394	-15,496	-2,619	-13,047	11,502	2,623	19,229	-560	475	-7,223	7,451	4,161	1,843
Net cash provided by (used in) financing activities
25,986	26,292	4,029	44,327	6,655	-520	-7,716	20,037	10,993	-17,712	-15,865	5,819	16,019	-23,535	1,377	13,953	1,969	16,346	19,934	16,199	-746	-2,946	23,242	-7,294	28,693	15,018	-21,424	42,172	-5,190	-16,414	-8,456	20,393	9,738	15,700	-6,451	-1,141	-6,257	7,775	6,418	3,235
Effect of exchange rate changes on cash
431	-251	33	81	-216	22	58	92	42	40	81	-49	55	61	76	317	238	7	-36	3	-55	-15	-25	16	14	6	-4	4	-4	-5	11	-5	-4	19	-23	3	11	4	3	-12
Net increase (decrease) in cash and cash equivalents
26,676	3,723	20,228	-44,212	-4,518	8,687	18,167	-60,718	42,093	15,920	-38,059	-11,516	40,083	21,642	-30,772	-15,959	28,199	3,725	-25,939	12,606	24,653	-11,419	-3,911	-13,327	39,681	-13,198	-19,035	20,011	10,567	-1,782	-11,424	21,581	-20,277	8,649	-16,149	-14,201	16,755	-9,286	-11,047	-5,743
Supplemental disclosures of cash flow information:
Cash paid for interest
539	606	520	595	498	419	472	473	181	167	227	27	0	7	12	19	19	15	23	27	38	73	64	64	5	85	0	15	11	14	0	1	10	9	1	1	0	-1,325	625	727
Cash paid for income taxes
8,837	7,048	6,855	5,616	1,669	7,048	5,676	5,545	2,147	9,946	17,081	2,960	8,859	13,099	8,915	1,367	3,326	12,562	4,829	9,072	9,203	13,463	6,308	6,462	8,748	6,435	4,483	5,851	5,200	12,262	1,826	4,912	4,446	3,771	1,855	1,918	3,406	5,024	4,640	2,150
The amount of cash paid during the current period for amounts included in the measurement of lease liabilities.
1,500	1,547	1,485	1,081	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of property, equipment, and leased equipment
0	0	0	0	37	22	297	164	-2,872	2,557	-767	1,673	-294	-138	406	161	-343	1,267	-57	6,783	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of operating lease equipment included in accounts receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	851	-2	-76	88	-16	-93	-339	482	495	0	0	0	-	-	-	-
Proceeds from sales of property, equipment and operating lease equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-613	571	339	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property, equipment, and operating lease equipment
-96	29	-1,551	1,947	-830	1,770	259	675	-461	1,475	-698	-26	-44	110	459	1,873	-1,423	3,804	112	8,069	96	1	665	-330	48	4	-991	1,062	160	91	-72	134	-169	245	-129	148	-126	100	45	30
Future cash outflow to pay for purchases of fixed assets leased or financed.
0	0	0	0	16,100	-1,427	-418	-592	-2,136	3,091	225	3,909	-5,998	5,756	-2,303	9,247	1,273	2,939	1,834	3,781	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of operating lease equipment included in accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	67	241	0	-	0	125	50	0	-58	31	27	-208	24	-1,878	2,072
Purchase of assets to be leased or financed included in accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,945	40,808	-22,230	-2,857	-6,667	10,664	0	-	-	-	-	-	-	-	-	-	-	-	-
Refers to issuance of financing receivables in noncash financing activity
0	0	0	0	22,618	59,751	16,946	19,709	58,075	8,143	9,973	56,791	107,124	23,992	46,349	39,779	10,696	14,146	37,722	39,154	73,881	0	-26,976	26,976	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Refers to repayment of financing receivables in noncash financing activity.
-	-	-	-	-	-	-	-	3,446	2,476	3,038	4,058	2,967	4,015	5,325	7,114	4,516	3,686	3,840	4,831	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Refers to proceeds from sale of financing receivables in noncash financing activity.
0	0	0	0	54,299	47,854	16,442	23,823	60,002	13,531	18,400	52,023	110,797	28,691	43,838	31,901	23,169	17,064	51,560	6,960	-5,782	32,450	20,237	26,976	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Origination and concurrent sale of notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,362	80,769	0	-	-	-	-	-	-	-	-	-	-	-	-
Book value of potential payments under the contingent consideration arrangement including cash and shares.
-	-	-	-	-	-	-	-	0	0	9,978	2,072	3,924	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowing of recourse and nonrecourse notes payable in noncash financing activity.
3,205	28,772	52,416	30,046	10,122	27,354	28,082	9,606	7,162	0	1,299	7,605	1,882	10,641	10,800	12,210	0	11,125	4,112	27,603	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of non recourse and recourse notes payable in noncash financing activity.
26	10	12	22	38	55	31	32	4,907	3,761	4,746	5,958	8,779	5,133	5,689	9,616	6,767	5,830	5,964	10,498	8,115	7,298	28,490	-9,319	6,999	5,432	4,965	4,750	4,498	4,000	4,024	3,350	3,507	3,537	4,075	4,552	5,121	7,112	7,175	7,989
The fair value of vested share-based compensation.
0	18	1,198	7,774	21	26	1,424	11,345	27	41	1,511	10,458	31	42	660	7,280	56	56	604	7,083	35	32	463	5,944	34	35	2,708	5,061	27	1,063	1,772	1,786	329	468	1,220	199	19	723	477	20
Amount of common stock repurchased during the year included in noncash financing activities.
-	-	-	137	-	-	-	0	-	-	-	-	-	-	-	1,459	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
New operating lease assets obtained in exchange for lease obligations
0	810	3,934	1,291	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-