| Mar'20 | Mar'19 | Mar'18 | Oct'16 | |||
|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||
Net Income (Loss) Attributable to Parent | ||||||
-676,000 | 72,000 | 208,000 | 80,000 | |||
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||||||
Depreciation and amortization | ||||||
374,000 | 330,000 | 167,000 | 225,000 | |||
Impairment charges | ||||||
796,000 | 0 | 0 | - | |||
Net periodic benefit cost | ||||||
62,000 | 26,000 | 0 | 0 | |||
Share-based compensation | ||||||
23,000 | 11,000 | 6,000 | 20,000 | |||
Deferred income taxes | ||||||
-55,000 | 8,000 | -28,000 | -14,000 | |||
Gain on sale or disposal of assets, net | ||||||
18,000 | 25,000 | 0 | 0 | |||
Restructuring costs | ||||||
17,000 | 10,000 | 14,000 | 20,000 | |||
Other non-cash charges, net | ||||||
-12,000 | -1,000 | 0 | 3,000 | |||
Changes in assets and liabilities, net of effects of acquisitions: | ||||||
Receivables, net | ||||||
-97,000 | -102,000 | -49,000 | -179,000 | |||
Prepaid expenses and other current assets | ||||||
-63,000 | 25,000 | -20,000 | -79,000 | |||
Accounts payable, accrued expenses and other current liabilities | ||||||
14,000 | -18,000 | 113,000 | 0 | |||
Deferred revenue and advanced contract payments | ||||||
-35,000 | -11,000 | -11,000 | -70,000 | |||
Income taxes payable and liability | ||||||
-46,000 | -22,000 | 0 | 0 | |||
Accrued restructuring | ||||||
-1,000 | -4,000 | -8,000 | -21,000 | |||
Other assets and liabilities, net | ||||||
1,000 | -7,000 | 0 | 0 | |||
Net cash provided by operating activities | ||||||
626,000 | 462,000 | 530,000 | 495,000 | |||
Cash flows from investing activities: | ||||||
Payments for acquisitions, net of cash acquired | ||||||
265,000 | 312,000 | 0 | 0 | |||
Payments To Acquire Business, Debt Extinguishment | ||||||
0 | 994,000 | 0 | 0 | |||
Proceeds from sale of assets | ||||||
77,000 | 25,000 | 0 | 0 | |||
Purchases of property, equipment and software | ||||||
17,000 | 26,000 | 18,000 | 14,000 | |||
Payments for outsourcing contract costs | ||||||
5,000 | 11,000 | 16,000 | 7,000 | |||
Net cash used in investing activities | ||||||
-210,000 | -1,318,000 | -34,000 | -21,000 | |||
Cash flows from financing activities: | ||||||
Principal payments on long-term debt | ||||||
93,000 | 170,000 | 0 | 0 | |||
Proceeds from debt issuance | ||||||
0 | 2,500,000 | 0 | 0 | |||
Payments of debt issuance costs | ||||||
4,000 | 46,000 | 0 | 0 | |||
Proceeds from revolving credit facility | ||||||
200,000 | 50,000 | 0 | 0 | |||
Payments on revolving credit facility | ||||||
150,000 | 50,000 | 0 | 0 | |||
Payments on finance lease obligations | ||||||
141,000 | 172,000 | 157,000 | 160,000 | |||
Payments for Repurchase of Common Stock | ||||||
66,000 | 59,000 | 0 | 0 | |||
Repurchases of common stock to satisfy tax withholding obligations | ||||||
2,000 | 1,000 | 0 | 0 | |||
Dividend to DXC | ||||||
0 | 984,000 | 0 | 0 | |||
Payments of Ordinary Dividends | ||||||
38,000 | 25,000 | 0 | 0 | |||
Net transfers to Parent | ||||||
0 | 88,000 | 339,000 | 314,000 | |||
Net cash (used in) provided by financing activities | ||||||
-294,000 | 955,000 | -496,000 | -474,000 | |||
Net increase in cash and cash equivalents, including restricted | ||||||
122,000 | 99,000 | 0 | 0 | |||
Supplemental cash flow disclosures: | ||||||
Interest paid, net | ||||||
127,000 | 115,000 | 11,000 | 31,000 | |||
Income taxes paid (refunded), net | ||||||
32,000 | 61,000 | 19,000 | 63,000 | |||
Supplemental schedule of non-cash investing and financing activities: | ||||||
Leased assets acquired through finance lease obligations | ||||||
77,000 | 180,000 | 156,000 | - | |||
Leased assets acquired through operating lease obligations | ||||||
100,000 | 0 | 0 | - | |||
Equipment acquired through capital leases | ||||||
- | - | - | 170,000 | |||
Stock issued for the acquisition of Vencore | ||||||
0 | 578,000 | 0 | 0 | |||