| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 |
|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | |||||||||||
Net Income (Loss) Attributable to Parent | |||||||||||
-789,000 | 53,000 | 29,000 | 31,000 | -19,000 | 38,000 | 24,000 | 29,000 | 32,000 | 104,000 | 40,000 | 32,000 |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
91,000 | 92,000 | 90,000 | 101,000 | 116,000 | 76,000 | 74,000 | 64,000 | 51,000 | 46,000 | 33,000 | 37,000 |
Share-based compensation | |||||||||||
2,000 | 6,000 | 10,000 | 5,000 | 4,000 | 4,000 | 1,000 | 2,000 | 2,000 | 4,000 | -1,000 | 1,000 |
Deferred income taxes | |||||||||||
-59,000 | 24,000 | -12,000 | -8,000 | 25,000 | -6,000 | -11,000 | 0 | 43,000 | -71,000 | 0 | 0 |
Gain on sale or disposal of assets, net | |||||||||||
-5,000 | 33,000 | -2,000 | -8,000 | 0 | 0 | 1,000 | 24,000 | 0 | 0 | 0 | 0 |
Other non-cash charges, net | |||||||||||
-9,000 | 1,000 | -3,000 | -1,000 | -14,000 | -1,000 | 0 | 14,000 | 10,000 | -3,000 | -4,000 | -3,000 |
Changes in assets and liabilities, net of effects of acquisitions: | |||||||||||
Receivables, net | |||||||||||
-48,000 | 1,000 | 5,000 | -55,000 | -24,000 | -82,000 | 28,000 | -24,000 | -12,000 | -8,000 | -73,000 | 44,000 |
Prepaid expenses and other current assets | |||||||||||
-25,000 | 8,000 | -15,000 | -31,000 | 3,000 | 4,000 | 13,000 | 5,000 | -40,000 | 15,000 | -1,000 | 6,000 |
Accounts payable, accrued expenses and other current liabilities | |||||||||||
34,000 | -4,000 | 10,000 | -26,000 | 5,000 | -115,000 | 20,000 | 72,000 | 14,000 | 1,000 | 1,000 | 97,000 |
Deferred revenue and advanced contract payments | |||||||||||
-11,000 | -8,000 | -3,000 | -13,000 | 2,000 | -26,000 | 0 | 13,000 | - | - | - | - |
Change in contract liabilities, deferred revenue and advanced contract payments | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 4,000 |
Other assets and liabilities, net | |||||||||||
3,000 | -4,000 | 2,000 | 0 | -10,000 | 6,000 | -4,000 | 1,000 | -7,000 | 2,000 | 5,000 | 0 |
Net cash provided by operating activities | |||||||||||
186,000 | 120,000 | 135,000 | 185,000 | 168,000 | 58,000 | 76,000 | 160,000 | 183,000 | 73,000 | 150,000 | 124,000 |
Cash flows from investing activities: | |||||||||||
Payments for acquisitions, net of cash acquired | |||||||||||
0 | 0 | 265,000 | 0 | 0 | 0 | 0 | 312,000 | 0 | 0 | 0 | 0 |
Payments To Acquire Business, Debt Extinguishment | |||||||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | 994,000 | 0 | 0 | 0 | 0 |
Proceeds from sale of assets | |||||||||||
0 | 77,000 | 0 | 0 | 0 | 1,000 | 0 | 24,000 | 0 | 0 | 0 | 0 |
Purchases of property, equipment and software | |||||||||||
6,000 | 7,000 | 3,000 | 1,000 | 14,000 | 1,000 | 5,000 | 6,000 | 10,000 | 3,000 | 5,000 | 0 |
Payments for outsourcing contract costs | |||||||||||
1,000 | 1,000 | 2,000 | 1,000 | 4,000 | 1,000 | 4,000 | 2,000 | 7,000 | 3,000 | 3,000 | 3,000 |
Net cash used in investing activities | |||||||||||
-7,000 | 69,000 | -270,000 | -2,000 | -18,000 | -1,000 | -9,000 | -1,290,000 | -17,000 | -6,000 | -8,000 | -3,000 |
Cash flows from financing activities: | |||||||||||
Principal payments on long-term debt | |||||||||||
24,000 | 24,000 | 23,000 | 22,000 | 88,000 | 32,000 | 50,000 | 0 | - | - | - | - |
Proceeds from debt issuance | |||||||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,500,000 | 0 | 0 | 0 | 0 |
Payments of debt issuance costs | |||||||||||
1,000 | 0 | 3,000 | 0 | 0 | 3,000 | 0 | 43,000 | 0 | 0 | 0 | 0 |
Proceeds from revolving credit facility | |||||||||||
25,000 | 0 | 175,000 | 0 | 0 | 0 | 0 | 50,000 | 0 | 0 | 0 | 0 |
Payments on revolving credit facility | |||||||||||
25,000 | 125,000 | 0 | 0 | 0 | 0 | 0 | 50,000 | 0 | 0 | 0 | 0 |
Payments on finance lease obligations | |||||||||||
31,000 | 33,000 | 42,000 | 35,000 | 48,000 | 42,000 | 41,000 | 41,000 | 40,000 | 41,000 | 37,000 | 39,000 |
Payments for Repurchase of Common Stock | |||||||||||
- | - | 17,000 | 15,000 | - | - | 21,000 | 0 | - | - | - | - |
Dividend to DXC | |||||||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | 984,000 | 0 | 0 | 0 | 0 |
Payments of Ordinary Dividends | |||||||||||
10,000 | 10,000 | 10,000 | 8,000 | 8,000 | 9,000 | 8,000 | 0 | - | - | - | - |
Net transfers to Parent | |||||||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | 88,000 | 126,000 | 26,000 | 105,000 | 82,000 |
Net cash (used in) provided by financing activities | |||||||||||
-86,000 | -208,000 | 80,000 | -80,000 | -160,000 | -109,000 | -120,000 | 1,344,000 | -166,000 | -67,000 | -142,000 | -121,000 |
Net increase in cash and cash equivalents, including restricted | |||||||||||
93,000 | -19,000 | -55,000 | 103,000 | -10,000 | -52,000 | -53,000 | 214,000 | 0 | 0 | 0 | 0 |
Supplemental cash flow disclosures: | |||||||||||
Interest paid, net | |||||||||||
30,000 | 33,000 | 32,000 | 32,000 | 31,000 | 51,000 | 25,000 | 8,000 | - | - | - | - |
Income taxes paid (refunded), net | |||||||||||
21,000 | -1,000 | 15,000 | -3,000 | 36,000 | 6,000 | 15,000 | 4,000 | - | - | - | - |
Supplemental schedule of non-cash investing and financing activities: | |||||||||||
Leased assets acquired through finance lease obligations | |||||||||||
8,000 | 20,000 | 27,000 | 22,000 | 76,000 | 21,000 | 78,000 | 5,000 | - | - | - | - |
Leased assets acquired through operating lease obligations | |||||||||||
53,000 | 32,000 | 15,000 | 0 | 0 | 0 | 0 | 0 | - | - | - | - |
Stock issued for the acquisition of Vencore | |||||||||||
0 | 0 | 0 | 0 | 0 | 0 | 0 | 578,000 | - | - | - | - |