PROGRESS SOFTWARE CORP /MA PRGS Cash Flow

Progress software corp /ma (PRGS)

CashFlow / TTM

Feb'20	Nov'19	Aug'19	May'19	Feb'19	Nov'18	Aug'18	May'18	Feb'18	Nov'17	Aug'17	May'17	Feb'17	Nov'16	Aug'16	May'16	Feb'16	Nov'15	Aug'15	May'15	Feb'15	Nov'14	Aug'14	May'14	Feb'14	Nov'13	Aug'13	May'13	Feb'13	Nov'12	Aug'12	May'12	Feb'12	Nov'11	Aug'11	May'11	Feb'11	Nov'10	Aug'10	May'10	Feb'10
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent
38,114	26,400	39,784	40,616	45,340	49,670	49,059	45,842	43,278	29,021	-52,805	-56,401	-59,467	-55,726	8,596	-3,108	-4,614	-8,801	15,134	30,357	37,387	49,458	50,030	63,778	54,889	74,907	95,896	76,891	71,073	47,444	23,594	26,729	46,597	59,629	68,257	68,527	69,625	48,098	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property and equipment
7,649	7,552	7,306	7,036	6,879	6,941	6,890	6,907	7,230	7,526	7,820	8,086	8,254	8,506	8,665	8,777	9,029	9,394	9,600	9,887	9,960	9,775	9,327	9,665	10,337	10,345	10,717	10,232	9,387	9,305	9,253	9,077	8,956	8,832	9,132	9,516	9,992	10,859	0	0	0
Amortization of acquired intangibles and other
46,213	49,127	43,709	38,171	36,807	37,561	38,329	38,774	37,608	35,370	33,029	31,174	30,487	30,815	31,182	31,317	31,450	32,286	26,293	19,857	13,003	5,521	4,766	4,340	4,171	4,090	6,253	11,231	16,417	21,660	26,561	26,424	26,223	26,246	25,567	27,236	29,345	30,558	0	0	0
Stock-based compensation
23,556	23,311	23,264	22,341	21,805	20,569	19,310	19,040	17,093	14,153	13,091	14,573	17,234	22,541	24,201	24,960	25,105	24,004	25,491	25,894	25,164	24,873	23,233	21,866	22,038	21,399	23,089	25,260	26,048	28,233	28,748	30,472	28,906	25,999	23,675	18,405	17,748	18,121	0	0	0
Non-cash lease expense
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of property and equipment
-280	-376	-346	-236	-408	-390	-431	-397	-551	-416	0	0	0	-	-	-	-	-	-	-	-	-	-	-481	-462	-448	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of dispositions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	71,601	116,096	80,211	80,211	45,105	0	0	0	-	-	-	-	-	-	-	-
Asset impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	111	134	161	1,009	898	0	0	0	-	-	-	-	-	-	-	-
Deferred income taxes
9,833	14,869	5,927	7,348	5,534	2,328	10,178	10,668	8,385	4,254	-5,821	-4,593	-6,091	-1,307	-20,226	-28,562	-15,572	1,845	7,643	14,226	1,460	-15,034	-7,224	-10,305	-9,721	-9,261	-2,684	519	1,161	-149	2,188	-2,610	-1,692	-2,468	1,149	2,835	3,785	3,762	0	0	0
Tax deficiency from stock plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	783	1,532	3,079	6,165	9,352	10,097	11,186	9,465	0	0	0
Excess tax benefit from stock plans
-	-	-	-	-	-	-	-	-	904	534	531	556	436	547	897	1,233	1,349	1,374	1,251	728	701	888	1,081	1,286	1,642	1,440	1,140	1,393	1,590	3,578	3,199	4,220	6,238	6,558	7,111	8,029	6,046	0	0	0
Allowances for bad debt and sales credits
693	546	275	446	214	262	133	107	143	46	-92	67	-303	-479	-237	-358	110	453	317	515	537	416	1,452	1,117	1,110	874	243	662	790	1,140	2,737	2,406	2,163	1,963	0	0	0	-	-	-	-
Changes in operating assets and liabilities:
Accounts receivable
18,706	24,655	9,092	-9,795	-13,902	-18,708	-17,773	-11,467	-6,076	-14,346	-5,207	-3,934	-9,889	-647	-3,796	-7,885	1,634	-3,747	-2,132	-5,609	-4,346	703	5,970	6,824	-1,077	-5,672	-4,090	-12,521	-17,688	-14,373	1,952	976	307	-8,053	-7,942	-3,939	4,826	18,971	0	0	0
Other assets
5,039	1,902	8,763	7,224	7,567	10,332	-8,200	-11,186	-12,178	-7,518	-3,724	-2,465	1,741	3,925	-2,070	2,130	4,758	-5,428	2,821	-3,521	-11,643	-8,222	-7,190	-2,710	1,899	9,035	-1,269	-508	3,389	-1,547	6,947	3,497	-2,306	-2,709	-4,381	-2,917	1,930	3,159	0	0	0
Accounts payable and accrued liabilities
1,351	9,116	4,573	1,558	-7,140	-11,842	-8,646	-10,879	-16,168	673	855	7,988	7,084	-3,094	-11,912	-14,225	-6,469	-370	4,922	6,610	-405	-8,749	-14,794	-10,924	-5,706	-15,161	-14,133	-21,428	-12,188	7,484	6,762	4,655	-5,013	-24,679	-11,772	-13,119	-17,117	12,469	0	0	0
Increase (Decrease) In Lease Liability
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes payable
165	-454	-2,811	-3,220	-2,846	-2,890	1,709	2,759	548	893	-1,157	-452	118	109	-2,861	2,103	2,019	2,481	5,954	1,640	579	710	4,591	2,650	1,972	-20,294	-2,385	5,927	372	17,617	-4,213	-6,959	1,608	9,640	11,178	11,062	6,379	-6,632	0	0	0
Deferred revenue
27,786	29,840	18,399	5,191	6,786	9,496	7,031	5,301	550	882	-45	538	3,132	5,159	8,172	13,153	21,830	35,617	34,260	28,041	16,695	1,135	-2,614	-4,245	-6,198	-5,183	-1,731	-8,187	-10,852	-7,911	-5,981	988	937	5,393	2,891	1,422	-2,575	-923	0	0	0
Net cash flows from operating activities
137,056	128,484	116,210	112,745	114,201	121,352	129,540	119,682	99,981	105,686	107,106	113,312	117,643	102,845	96,262	95,871	89,902	104,540	116,413	123,085	119,410	107,694	86,328	58,538	55,063	4,580	15,122	39,008	40,527	104,115	83,880	90,940	114,593	126,294	143,794	134,326	112,183	96,201	0	0	0
Cash flows from investing activities:
Purchases of investments
14,059	10,550	8,900	5,750	1,634	8,258	18,156	34,262	46,900	40,380	38,312	30,097	20,287	41,691	37,971	30,882	39,215	24,178	23,705	22,903	10,858	5,537	9,645	9,645	9,645	7,745	0	2,037	21,301	27,924	75,457	114,020	132,996	152,658	129,205	89,349	60,295	38,632	0	0	0
Sales and maturities of investments
24,932	25,320	26,386	27,087	24,440	23,101	24,150	32,842	32,220	31,559	35,104	31,030	29,445	26,475	21,465	13,570	14,716	14,626	12,626	13,631	14,620	17,125	18,003	22,978	23,493	28,753	29,565	44,420	57,730	74,065	104,191	107,469	108,206	84,441	52,857	34,079	16,980	33,318	0	0	0
Redemptions and sales of auction rate securities - available-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25	6,055	8,755	8,755	8,955	2,925	325	6,325	6,300	-11,455	-1,290	-815	1,235	0	0	0
Purchases of property and equipment
4,900	3,998	3,112	5,134	6,110	7,250	8,480	6,050	4,380	3,377	2,904	3,692	4,755	5,786	4,852	5,396	6,263	7,184	6,881	6,291	4,623	7,985	8,420	7,939	9,025	4,226	4,118	3,980	4,691	7,735	9,697	14,694	17,637	17,047	16,529	14,082	11,514	9,664	0	0	0
Capitalized software development costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,661	2,469	3,261	3,301	3,816	3,844	2,774	1,657	836	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments for acquisitions, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	246,275	258,275	258,275	270,768	24,493	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	49,186	0	0	0
Proceeds from divestitures, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,500	4,500	4,500	4,500	3,300	3,300	41,039	41,039	111,120	157,710	119,971	119,971	46,590	0	0	0	-	-	-	-	-	-	-	-
Decrease in other noncurrent assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-346	-430	-1,053	-1,066	-1,121	-777	-413	-486	-189	-628	-403	848	433	1,068	1,098	-1	-26	0	0	0
Net cash flows from investing activities
-213,179	-208,380	-204,778	-202,949	16,696	7,593	-2,487	-54,793	-94,653	-87,791	-81,704	-31,029	4,403	-21,002	-21,394	-23,022	-32,153	-260,208	-274,002	-246,161	-243,780	5,136	13,527	32,219	35,821	118,762	180,539	158,092	160,950	94,140	-310	-43,417	-59,850	-102,297	-87,660	-54,009	-38,003	-45,163	0	0	0
Cash flows used in financing activities:
Proceeds from stock-based compensation plans
11,616	9,265	7,609	8,837	8,630	9,205	10,723	9,665	9,724	10,025	8,997	8,942	9,018	9,918	10,776	12,720	13,401	13,069	16,233	15,940	15,936	16,488	16,035	28,891	29,087	54,430	54,033	41,164	44,468	29,208	32,460	34,362	44,788	49,672	67,352	66,471	91,410	93,670	0	0	0
Payments for taxes related to net share settlements of equity awards
6,227	4,278	0	0	0	-	-	-	-	3,756	3,602	3,600	4,881	3,984	5,532	5,531	6,040	5,631	6,316	6,317	6,602	6,607	5,254	6,162	4,510	4,936	4,295	3,616	3,700	4,153	0	0	0	-	-	-	-	-	-	-	-
Repurchases of common stock
20,000	25,000	35,000	55,000	100,000	120,000	140,000	138,982	103,746	73,936	51,617	45,626	85,337	79,188	71,507	58,516	34,082	32,868	32,868	50,473	50,642	52,604	87,957	134,999	177,024	276,537	322,500	257,853	190,618	81,316	65,117	135,110	175,032	200,009	134,892	82,699	44,303	29,336	0	0	0
Dividend payments to shareholders
28,236	27,760	27,136	26,574	26,162	25,789	25,448	25,112	24,674	24,127	18,151	12,116	6,072	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the issuance of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	150,000	150,000	150,000	150,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from stock plans
-	-	-	-	-	-	-	-	-	904	534	531	556	436	547	897	1,233	1,349	1,374	1,251	728	701	888	1,081	1,286	1,642	1,440	1,140	1,393	1,590	3,578	3,199	4,220	6,238	6,558	7,111	8,029	6,046	0	0	0
Payment of principal on long-term debt
5,644	5,309	4,974	4,641	6,188	6,188	4,641	6,844	9,047	11,250	13,125	11,250	9,375	9,375	7,500	7,500	7,500	5,625	5,625	3,750	1,875	0	0	0	0	-	-	-	-	357	469	484	485	388	368	375	356	358	0	0	0
Payment of issuance costs for long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,785	1,787	1,707	1,707	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows used in financing activities
134,883	130,292	120,178	102,290	-127,719	-146,771	-163,368	-165,216	-130,646	-103,314	-76,964	-63,119	-96,091	-82,193	-73,214	-58,217	-33,275	118,300	120,802	104,944	105,628	-42,232	-76,498	-111,399	-151,161	-225,401	-271,322	-219,236	-148,631	-55,028	-33,258	-102,481	-130,894	-147,988	-64,969	-12,855	52,922	68,164	0	0	0
Effect of exchange rate changes on cash
-4,182	-1,263	-6,287	-5,959	-13,773	-10,512	-9,745	-437	15,522	11,847	8,235	-1,011	-2,752	-4,993	-2,683	-919	-7,805	-13,335	-16,480	-17,819	-13,579	-6,334	3,681	4,226	416	-915	-3,395	-1,361	-5,324	-2,530	-13,683	-13,600	-4,302	-1,473	11,555	15,252	5,882	-8,516	0	0	0
Net increase in cash and cash equivalents
54,578	49,133	25,323	6,127	-10,595	-28,338	-46,060	-100,764	-109,796	-73,572	-43,327	18,153	23,203	-5,343	-1,029	13,713	16,669	-50,703	-53,267	-35,951	-32,321	64,264	27,038	-16,416	-59,861	-102,974	-79,056	-23,497	47,522	140,697	36,629	-68,558	-80,453	-125,464	2,720	82,714	132,984	110,686	0	0	0
Supplemental disclosure:
Cash paid for income taxes, net of refunds of $196 in 2020 and $166 in 2019
18,208	16,340	22,757	26,148	25,333	25,451	23,038	24,575	27,815	25,992	20,582	19,215	16,235	22,031	21,625	20,964	20,224	17,036	8,372	7,362	7,161	7,343	9,643	21,504	25,230	69,939	68,021	55,045	54,910	15,337	15,761	17,116	17,225	9,545	0	0	0	-	-	-	-
Cash paid for interest
10,085	8,666	7,096	5,219	4,447	4,220	3,990	3,843	3,695	3,597	3,512	3,343	3,236	3,157	2,923	2,857	2,788	2,725	2,150	1,427	702	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash investing and financing activities:
Total fair value of restricted stock awards, restricted stock units and deferred stock units on date vested
21,149	16,573	15,075	15,090	16,464	16,431	15,802	15,739	10,739	20,089	18,909	23,198	22,238	17,213	20,888	16,541	21,674	18,714	19,531	19,541	20,349	20,093	17,393	19,660	15,334	16,758	15,107	13,840	14,228	13,886	0	0	0	-	-	-	-	-	-	-	-
Dividends declared
-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unsettled repurchases of common stock
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-