Perficient, inc. (PRFT)
CashFlow / Quarterly
Mar'20Dec'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'11
Operating Activities
Net income

8,974

11,792

9,779

8,528

7,026

7,476

6,305

5,850

4,928

6,435

7,027

2,410

2,709

3,693

5,545

5,815

5,406

7,570

7,374

3,997

4,066

6,425

7,305

6,388

3,045

5,513

7,234

4,562

4,123

4,376

5,142

3,603

2,986

2,721

3,466

2,767

1,793

Adjustments to reconcile net income to net cash used in operations:
Depreciation

1,288

1,266

1,095

1,070

1,016

1,015

995

1,028

1,034

1,135

1,123

1,205

1,259

1,248

1,212

1,215

1,192

1,174

1,148

1,093

1,081

1,021

932

869

912

928

932

719

683

661

612

515

463

547

484

398

325

Amortization

3,922

4,056

3,997

4,010

4,137

4,371

4,009

4,137

3,883

3,902

3,936

3,537

3,625

3,463

3,266

3,306

3,365

3,250

3,357

3,411

3,801

3,942

4,045

3,730

2,736

2,224

1,955

2,018

1,777

2,163

2,258

1,841

1,565

1,678

1,984

1,536

1,143

Deferred income taxes

1,608

43

-75

79

1,994

723

-119

-176

950

-5,058

-1,116

532

1,502

3,909

-129

-41

651

1,848

340

-241

-450

-1,295

312

548

1,097

686

1,033

-697

582

-856

220

-676

699

-720

1,127

-410

534

Non-cash stock compensation and retirement savings plan contributions

4,607

4,973

4,096

4,108

4,248

4,171

3,945

3,852

3,763

3,501

3,500

3,506

3,589

3,579

3,081

3,791

3,523

3,303

3,185

3,274

3,348

3,286

3,158

3,222

3,053

2,876

2,798

2,752

2,608

2,595

2,547

2,242

2,206

2,418

2,427

2,276

2,057

Amortization of debt discount and issuance costs

1,201

1,187

1,173

1,160

1,147

1,135

265

18

17

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax benefit from stock option exercises and restricted stock vesting

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

458

99

457

418

555

282

1,278

492

920

1,034

437

227

280

319

220

242

284

35

216

1,303

Adjustment to fair value of contingent consideration for purchase of business

-335

611

-2

116

-424

59

666

122

969

4,063

-389

-597

158

138

-865

-1,190

238

172

99

89

85

0

0

-1,249

-214

389

-69

-33

0

952

-97

-167

-171

2,438

-334

-458

-60

Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable

-7,656

2,794

3,555

4,346

-7,293

11,698

143

-4,905

-6,691

4,418

7,238

8,007

-16,660

-4,028

-2,852

-6,298

-3,727

4,318

13,827

-1,842

-19,815

-3,663

15,800

11,474

3,439

-6,813

-2,440

6,049

1,742

-8,343

1,358

6,027

1,776

-1,723

1,339

7,632

339

Other assets

-479

971

-1,274

2,522

5,458

3,559

230

-78

-1,309

4,549

267

-4,342

1,441

4,199

-137

-2,333

-1,044

2,813

-3,545

967

213

-1,224

-2,745

-860

-391

1,658

593

-3,987

1,862

436

4

-872

-642

-2,059

1,256

448

675

Accounts payable

-7,583

8,608

-682

2,494

-11,776

13,635

-3,693

3,349

-12,050

11,203

-51

2,060

-8,432

4,931

-1,327

2,076

-6,057

5,025

2,608

254

-11,129

8,544

410

6,382

-992

1,514

-4,356

3,910

-1,429

422

2,528

109

-869

1,010

317

273

-3,122

Other liabilities

-26,201

11,556

-3,225

9,460

-9,548

8,504

1,238

2,251

-7,354

8,840

-1,403

2,192

-6,175

2,423

-3,261

1,349

-8,653

3,716

-2,516

377

-11,620

7,153

-5,105

-1,478

-9,712

2,935

-82

5,079

-5,031

1,292

-347

5,184

-3,982

561

-1,511

3,744

-7,344

Net cash used in operating activities

-4,384

40,278

13,875

24,157

-345

25,788

13,238

25,414

4,140

25,097

5,244

11,426

13,454

23,402

10,511

24,952

4,436

18,469

5,214

12,672

8,366

33,408

-2,280

6,092

-3,187

21,096

10,396

15,877

-518

18,362

11,376

7,610

1,863

12,447

5,998

2,746

-6,871

Investing Activities
Proceeds from maturity of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

11,368

2,187

Purchase of property and equipment

1,513

1,616

3,026

2,128

1,312

902

1,618

691

873

840

409

1,651

461

512

1,219

1,312

1,044

894

807

1,125

530

1,042

922

1,013

697

367

1,279

740

2,263

532

547

489

355

383

665

1,098

630

Capitalization of internally developed software costs

497

307

344

388

135

87

187

204

86

199

177

223

362

203

530

569

662

216

226

258

335

755

358

1,117

1,244

1,580

861

667

221

80

38

27

42

68

57

29

25

Purchase of businesses

29,785

0

480

10,311

352

5,427

9,935

11,278

0

0

0

30,742

7,144

7,187

0

0

277

11,243

3,025

1,240

22,340

-87

294

19,724

26,516

18,655

0

19,302

477

148

10,704

11,282

14,426

365

12,260

6,471

289

Net cash used in investing activities

-31,795

-1,923

-3,850

-12,827

-1,799

-6,416

-11,740

-12,173

-959

-1,039

-586

-32,616

-7,967

-7,049

-2,618

-1,881

-1,983

-12,353

-4,058

-2,623

-23,205

-1,710

-1,574

-21,854

-28,457

-20,602

-2,140

-20,709

-2,961

-760

-11,289

-11,798

-14,823

-816

-12,982

3,770

1,243

Financing Activities
Proceeds from line of credit

-

-

-

-

-

0

43,500

60,000

57,500

51,500

69,500

88,000

66,000

55,500

49,000

45,000

59,000

65,000

64,500

53,000

84,000

54,500

62,700

77,900

70,000

53,000

50,300

56,000

21,850

18,800

48,700

41,400

26,000

-

-

-

0

Payments on line of credit

-

-

-

-

-

0

99,500

60,000

56,500

61,500

72,500

58,500

59,500

51,500

57,000

65,000

59,000

70,000

63,500

60,500

70,500

75,300

58,900

56,900

39,000

50,000

54,600

41,700

18,650

27,500

49,700

35,100

19,800

-

-

-

0

Payments for credit facility financing fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

193

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payment for Contingent Consideration Liability, Financing Activities

-

-

-

-

-

-

-

-

-

0

1,914

2,322

-978

4,288

0

-2,144

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the sale of stock through the Employee Stock Purchase Plan

40

48

45

41

44

43

43

42

39

0

44

44

47

43

49

52

53

53

55

60

169

78

62

1,088

223

152

52

85

43

68

73

31

30

107

116

83

3,406

Tax benefit from stock option exercises and restricted stock vesting

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

458

99

457

418

555

282

1,278

492

920

1,034

437

227

280

319

220

242

284

35

216

1,303

Purchases of treasury stock

0

835

3,517

4,825

11,435

12,632

41,577

8,102

2,130

8,648

3,041

12,790

8,122

18,023

0

0

0

0

0

1,473

1,367

4,507

0

2,585

610

678

3,153

8,609

1,354

5,513

53

166

386

2,266

3,712

3,444

2,369

Remittance of taxes withheld as part of a net share settlement of restricted stock vesting

-4,835

-3,354

-17

-40

-3,925

-2,153

-13

-34

-2,861

-1,654

-55

-192

-2,295

-1,193

-103

-76

-2,351

-1,360

-213

-1,121

-2,310

-1,445

-328

-3,108

-1,719

-2,321

-754

-892

-320

-1,275

-49

-321

-212

-

-

-

0

Net cash used in financing activities

-4,795

-4,141

-7,770

-4,824

-15,316

-19,289

33,254

-8,094

-3,952

-20,302

-7,966

15,841

-4,848

-15,173

-8,054

-22,362

-2,298

-5,849

941

-9,577

10,217

-26,118

2,619

17,673

29,386

1,071

-7,518

5,321

1,796

-15,271

-839

5,768

5,874

-3,873

-3,562

-3,443

2,340

Effect of exchange rate on cash and cash equivalents

-453

-

-

-

210

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in cash and cash equivalents

-41,427

-

-

-

-17,250

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations

-

-

-

-

-

-46

-164

-272

-52

103

64

154

135

-388

-8

-235

50

-148

-244

14

40

-56

14

-10

-29

14

23

41

18

1

0

-1

8

15

11

11

-9

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect

-

-

-

-

-

37

34,588

4,875

-823

3,859

-3,244

-5,195

774

792

-169

474

205

119

1,853

486

-4,582

5,524

-1,221

1,901

-2,287

1,579

761

530

-1,665

2,332

-752

1,579

-7,078

7,773

-10,535

3,084

-3,297

Supplemental Disclosures:
Cash paid for income taxes

397

1,881

2,483

2,605

436

2,688

819

942

678

5,349

2,523

965

237

2,451

1,466

528

593

5,109

645

3,676

514

3,728

2,530

3,836

458

2,822

2,788

1,678

574

3,616

1,927

3,351

793

2,119

1,654

2,599

1,438

Cash paid for interest

1,759

68

1,762

47

1,797

122

471

513

293

629

208

479

235

276

351

487

373

518

762

523

202

446

407

302

124

110

115

45

3

-

-

-

-

-

-

-

-

Non-Cash Investing Activity:
Stock issued for purchase of business

4,239

0

0

1,294

0

-

-

-

-

0

0

7,143

2,286

0

0

96

0

2,868

1,081

0

11,412

729

0

5,949

13,225

2,484

0

5,370

0

-1,161

3,159

6,270

6,143

-222

4,079

2,759

0

Stock surrendered by sellers in conjunction with net working capital settlement

-

-

-

-

-

0

0

0

303

0

572

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liability incurred for purchase of property, plant and equipment

307

-540

113

2,278

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Estimated fair value of contingent consideration for purchase of business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,240

-

0

0

127

3,580

103

1,431

0

-

-

-

-

171

152

-1,345

3,399