Perficient, inc. (PRFT)
CashFlow / TTM
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

39,073

37,125

32,809

29,335

26,657

24,559

23,518

24,240

20,800

18,581

15,839

14,357

17,762

20,459

24,336

26,165

24,347

23,007

21,862

21,793

24,184

23,163

22,251

22,180

20,354

21,432

20,295

18,203

17,244

16,107

14,452

12,776

11,940

10,747

0

0

0

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

4,719

4,447

4,196

4,096

4,054

4,072

4,192

4,320

4,497

4,722

4,835

4,924

4,934

4,867

4,793

4,729

4,607

4,496

4,343

4,127

3,903

3,734

3,641

3,641

3,491

3,262

2,995

2,675

2,471

2,251

2,137

2,009

1,892

1,754

0

0

0

Amortization

15,985

16,200

16,515

16,527

16,654

16,400

15,931

15,858

15,258

15,000

14,561

13,891

13,660

13,400

13,187

13,278

13,383

13,819

14,511

15,199

15,518

14,453

12,735

10,645

8,933

7,974

7,913

8,216

8,039

7,827

7,342

7,068

6,763

6,341

0

0

0

Deferred income taxes

1,655

2,041

2,721

2,677

2,422

1,378

-4,403

-5,400

-4,692

-4,140

4,827

5,814

5,241

4,390

2,329

2,798

2,598

1,497

-1,646

-1,674

-885

662

2,643

3,364

2,119

1,604

62

-751

-730

-613

-477

430

696

531

0

0

0

Non-cash stock compensation and retirement savings plan contributions

17,784

17,425

16,623

16,472

16,216

15,731

15,061

14,616

14,270

14,096

14,174

13,755

14,040

13,974

13,698

13,802

13,285

13,110

13,093

13,066

13,014

12,719

12,309

11,949

11,479

11,034

10,753

10,502

9,992

9,590

9,413

9,293

9,327

9,178

0

0

0

Amortization of debt discount and issuance costs

4,721

4,667

4,615

3,707

2,565

1,435

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax benefit from stock option exercises and restricted stock vesting

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,432

1,529

1,712

2,533

2,607

2,972

3,724

2,883

2,618

1,978

1,263

1,046

1,061

1,065

781

777

1,838

0

0

0

Adjustment to fair value of contingent consideration for purchase of business

390

301

-251

417

423

1,816

5,820

4,765

4,046

3,235

-690

-1,166

-1,759

-1,679

-1,645

-681

598

445

273

174

-1,164

-1,463

-1,074

-1,143

73

287

850

822

688

517

2,003

1,766

1,475

1,586

0

0

0

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

3,039

3,402

12,306

8,894

-357

245

-7,035

60

12,972

3,003

-5,443

-15,533

-29,838

-16,905

-8,559

8,120

12,576

-3,512

-11,493

-9,520

3,796

27,050

23,900

5,660

235

-1,462

-2,992

806

784

818

7,438

7,419

9,024

7,587

0

0

0

Other assets

1,740

7,677

10,265

11,769

9,169

2,402

3,392

3,429

-835

1,915

1,565

1,161

3,170

685

-701

-4,109

-809

448

-3,589

-2,789

-4,616

-5,220

-2,338

1,000

-2,127

126

-1,096

-1,685

1,430

-1,074

-3,569

-2,317

-997

320

0

0

0

Accounts payable

2,837

-1,356

3,671

660

1,515

1,241

-1,191

2,451

1,162

4,780

-1,492

-2,768

-2,752

-377

-283

3,652

1,830

-3,242

277

-1,921

4,207

14,344

7,314

2,548

76

-361

-1,453

5,431

1,630

2,190

2,778

567

731

-1,522

0

0

0

Other liabilities

-8,410

8,243

5,191

9,654

2,445

4,639

4,975

2,334

2,275

3,454

-2,963

-4,821

-5,664

-8,142

-6,849

-6,104

-7,076

-10,043

-6,606

-9,195

-11,050

-9,142

-13,360

-8,337

-1,780

2,901

1,258

993

1,098

2,147

1,416

252

-1,188

-4,550

0

0

0

Net cash used in operating activities

73,926

77,965

63,475

62,838

64,095

68,580

67,889

59,895

45,907

55,221

53,526

58,793

72,319

63,301

58,368

53,071

40,791

44,721

59,660

52,166

45,586

34,033

21,721

34,397

44,182

46,851

44,117

45,097

36,830

39,211

33,296

27,918

23,054

14,320

0

0

0

Investing Activities
Proceeds from maturity of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,555

0

0

0

Purchase of property and equipment

8,283

8,082

7,368

5,960

4,523

4,084

4,022

2,813

3,773

3,361

3,033

3,843

3,504

4,087

4,469

4,057

3,870

3,356

3,504

3,619

3,507

3,674

2,999

3,356

3,083

4,649

4,814

4,082

3,831

1,923

1,774

1,892

2,501

2,776

0

0

0

Capitalization of internally developed software costs

1,536

1,174

954

797

613

564

676

666

685

961

965

1,318

1,664

1,964

1,977

1,673

1,362

1,035

1,574

1,706

2,565

3,474

4,299

4,802

4,352

3,329

1,829

1,006

366

187

175

194

196

179

0

0

0

Purchase of businesses

40,576

11,143

16,570

26,025

26,992

26,640

21,213

11,278

30,742

37,886

45,073

45,073

14,331

7,464

11,520

14,545

15,785

37,848

26,518

23,787

42,271

46,447

65,189

64,895

64,473

38,434

19,927

30,631

22,611

36,560

36,777

38,333

33,522

19,385

0

0

0

Net cash used in investing activities

-50,395

-20,399

-24,892

-32,782

-32,128

-31,288

-25,911

-14,757

-35,200

-42,208

-48,218

-50,250

-19,515

-13,531

-18,835

-20,275

-21,017

-42,239

-31,596

-29,112

-48,343

-53,595

-72,487

-73,053

-71,908

-46,412

-26,570

-35,719

-26,808

-38,670

-38,726

-40,419

-24,851

-8,785

0

0

0

Financing Activities
Proceeds from line of credit

-

-

-

-

-

161,000

212,500

238,500

266,500

275,000

279,000

258,500

215,500

208,500

218,000

233,500

241,500

266,500

256,000

254,200

279,100

265,100

263,600

251,200

229,300

181,150

146,950

145,350

130,750

134,900

0

0

0

-

-

-

0

Payments on line of credit

-

-

-

-

-

216,000

277,500

250,500

249,000

252,000

242,000

226,500

233,000

232,500

251,000

257,500

253,000

264,500

269,800

265,200

261,600

230,100

204,800

200,500

185,300

164,950

142,450

137,550

130,950

132,100

0

0

0

-

-

-

0

Payments for credit facility financing fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

193

193

193

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payment for Contingent Consideration Liability, Financing Activities

-

-

-

-

-

-

-

-

-

3,258

7,546

5,632

1,166

2,144

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

174

178

173

171

172

167

124

125

127

135

178

183

191

197

207

213

221

337

362

369

1,397

1,451

1,525

1,515

512

332

248

269

215

202

241

284

336

3,712

0

0

0

Tax benefit from stock option exercises and restricted stock vesting

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,432

1,529

1,712

2,533

2,607

2,972

3,724

2,883

2,618

1,978

1,263

1,046

1,061

1,065

781

777

1,838

0

0

0

Purchases of treasury stock

9,177

20,612

32,409

70,469

73,746

64,441

60,457

21,921

26,609

32,601

41,976

38,935

26,145

18,023

0

0

1,473

2,840

7,347

7,347

8,459

7,702

3,873

7,026

13,050

13,794

18,629

15,529

7,086

6,118

2,871

6,530

9,808

11,791

0

0

0

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

-8,246

-7,336

-6,135

-6,131

-6,125

-5,061

-4,562

-4,604

-4,762

-4,196

-3,735

-3,783

-3,667

-3,723

-3,890

-4,000

-5,045

-5,004

-5,089

-5,204

-7,191

-6,600

-7,476

-7,902

-5,686

-4,287

-3,241

-2,536

-1,965

-1,857

0

0

0

-

-

-

0

Net cash used in financing activities

-21,530

-32,051

-47,199

-6,175

-9,445

1,919

906

-40,314

-16,379

-17,275

-12,146

-12,234

-50,437

-47,887

-38,563

-29,568

-16,783

-4,268

-24,537

-22,859

4,391

23,560

50,749

40,612

28,260

670

-15,672

-8,993

-8,546

-4,468

6,930

4,207

-5,004

-8,538

0

0

0

Effect of exchange rate on cash and cash equivalents

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in cash and cash equivalents

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-534

-385

-157

269

456

-35

-107

-496

-581

-341

-577

-328

-338

-246

12

-12

-81

-11

-2

49

96

83

60

18

8

22

33

45

28

0

0

0

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

-

-

-

-

-

38,677

42,499

4,667

-5,403

-3,806

-6,873

-3,798

1,871

1,302

629

2,651

2,663

-2,124

3,281

207

1,622

3,917

-28

1,954

583

1,205

1,958

445

1,494

-3,919

1,522

-8,261

-6,756

-2,975

0

0

0

Supplemental Disclosures:
Cash paid for income taxes

7,366

7,405

8,212

6,548

4,885

5,127

7,788

9,492

9,515

9,074

6,176

5,119

4,682

5,038

7,696

6,875

10,023

9,944

8,563

10,448

10,608

10,552

9,646

9,904

7,746

7,862

8,656

7,795

9,468

9,687

8,190

7,917

7,165

7,810

0

0

0

Cash paid for interest

3,636

3,674

3,728

2,437

2,903

1,399

1,906

1,643

1,609

1,551

1,198

1,341

1,349

1,487

1,729

2,140

2,176

2,005

1,933

1,578

1,357

1,279

943

651

394

273

0

0

0

-

-

-

-

-

-

-

-

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

5,533

1,294

0

0

0

-

-

-

-

9,429

9,429

9,429

2,382

96

2,964

4,045

3,949

15,361

13,222

12,141

18,090

19,903

21,658

21,658

21,079

7,854

4,209

7,368

8,268

14,411

15,350

16,270

12,759

6,616

0

0

0

Stock surrendered by sellers in conjunction with net working capital settlement

-

-

-

-

-

303

303

875

875

572

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liability incurred for purchase of property, plant and equipment

2,158

1,851

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Estimated fair value of contingent consideration for purchase of business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

3,707

3,810

5,241

5,114

0

0

0

-

-

-

-

2,377

0

0

0