| 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 | |||||||||||
-676,000 | 94,000 | 79,000 | 74,000 | 72,000 | 123,000 | 189,000 | 205,000 | 208,000 | 0 | 0 | 0 |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | |||||||||||
Depreciation and amortization | |||||||||||
374,000 | 399,000 | 383,000 | 367,000 | 330,000 | 265,000 | 235,000 | 194,000 | 167,000 | 0 | 0 | 0 |
Share-based compensation | |||||||||||
23,000 | 25,000 | 23,000 | 14,000 | 11,000 | 9,000 | 9,000 | 7,000 | 6,000 | 0 | 0 | 0 |
Deferred income taxes | |||||||||||
-55,000 | 29,000 | -1,000 | 0 | 8,000 | 26,000 | -39,000 | -28,000 | -28,000 | 0 | 0 | 0 |
Gain on sale or disposal of assets, net | |||||||||||
18,000 | 23,000 | -10,000 | -7,000 | 25,000 | 25,000 | 25,000 | 24,000 | 0 | 0 | 0 | 0 |
Other non-cash charges, net | |||||||||||
-12,000 | -17,000 | -19,000 | -16,000 | -1,000 | 23,000 | 21,000 | 17,000 | 0 | 0 | 0 | 0 |
Changes in assets and liabilities, net of effects of acquisitions: | |||||||||||
Receivables, net | |||||||||||
-97,000 | -73,000 | -156,000 | -133,000 | -102,000 | -90,000 | -16,000 | -117,000 | -49,000 | 0 | 0 | 0 |
Prepaid expenses and other current assets | |||||||||||
-63,000 | -35,000 | -39,000 | -11,000 | 25,000 | -18,000 | -7,000 | -21,000 | -20,000 | 0 | 0 | 0 |
Accounts payable, accrued expenses and other current liabilities | |||||||||||
14,000 | -15,000 | -126,000 | -116,000 | -18,000 | -9,000 | 107,000 | 88,000 | 113,000 | 0 | 0 | 0 |
Deferred revenue and advanced contract payments | |||||||||||
-35,000 | -22,000 | -40,000 | -37,000 | -11,000 | 0 | 0 | 0 | - | - | - | - |
Change in contract liabilities, deferred revenue and advanced contract payments | |||||||||||
- | - | - | - | - | - | - | - | - | - | - | 0 |
Other assets and liabilities, net | |||||||||||
1,000 | -12,000 | -2,000 | -8,000 | -7,000 | -4,000 | -8,000 | 1,000 | 0 | 0 | 0 | 0 |
Net cash provided by operating activities | |||||||||||
626,000 | 608,000 | 546,000 | 487,000 | 462,000 | 477,000 | 492,000 | 566,000 | 530,000 | 0 | 0 | 0 |
Cash flows from investing activities: | |||||||||||
Payments for acquisitions, net of cash acquired | |||||||||||
265,000 | 265,000 | 265,000 | 0 | 312,000 | 312,000 | 312,000 | 312,000 | 0 | 0 | 0 | 0 |
Payments To Acquire Business, Debt Extinguishment | |||||||||||
0 | 0 | 0 | 0 | 994,000 | 994,000 | 994,000 | 994,000 | 0 | 0 | 0 | 0 |
Proceeds from sale of assets | |||||||||||
77,000 | 77,000 | 1,000 | 1,000 | 25,000 | 25,000 | 24,000 | 24,000 | 0 | 0 | 0 | 0 |
Purchases of property, equipment and software | |||||||||||
17,000 | 25,000 | 19,000 | 21,000 | 26,000 | 22,000 | 24,000 | 24,000 | 18,000 | 0 | 0 | 0 |
Payments for outsourcing contract costs | |||||||||||
5,000 | 8,000 | 8,000 | 10,000 | 11,000 | 14,000 | 16,000 | 15,000 | 16,000 | 0 | 0 | 0 |
Net cash used in investing activities | |||||||||||
-210,000 | -221,000 | -291,000 | -30,000 | -1,318,000 | -1,317,000 | -1,322,000 | -1,321,000 | -34,000 | 0 | 0 | 0 |
Cash flows from financing activities: | |||||||||||
Principal payments on long-term debt | |||||||||||
93,000 | 157,000 | 165,000 | 192,000 | 170,000 | 0 | 0 | 0 | - | - | - | - |
Proceeds from debt issuance | |||||||||||
0 | 0 | 0 | 0 | 2,500,000 | 2,500,000 | 2,500,000 | 2,500,000 | 0 | 0 | 0 | 0 |
Payments of debt issuance costs | |||||||||||
4,000 | 3,000 | 6,000 | 3,000 | 46,000 | 46,000 | 43,000 | 43,000 | 0 | 0 | 0 | 0 |
Proceeds from revolving credit facility | |||||||||||
200,000 | 175,000 | 175,000 | 0 | 50,000 | 50,000 | 50,000 | 50,000 | 0 | 0 | 0 | 0 |
Payments on revolving credit facility | |||||||||||
150,000 | 125,000 | 0 | 0 | 50,000 | 50,000 | 50,000 | 50,000 | 0 | 0 | 0 | 0 |
Payments on finance lease obligations | |||||||||||
141,000 | 158,000 | 167,000 | 166,000 | 172,000 | 164,000 | 163,000 | 159,000 | 157,000 | 0 | 0 | 0 |
Payments for Repurchase of Common Stock | |||||||||||
- | - | 0 | 74,000 | - | - | 0 | 0 | - | - | - | - |
Dividend to DXC | |||||||||||
0 | 0 | 0 | 0 | 984,000 | 984,000 | 984,000 | 984,000 | 0 | 0 | 0 | 0 |
Payments of Ordinary Dividends | |||||||||||
38,000 | 36,000 | 35,000 | 33,000 | 25,000 | 0 | 0 | 0 | - | - | - | - |
Net transfers to Parent | |||||||||||
0 | 0 | 0 | 0 | 88,000 | 214,000 | 240,000 | 345,000 | 339,000 | 0 | 0 | 0 |
Net cash (used in) provided by financing activities | |||||||||||
-294,000 | -368,000 | -269,000 | -469,000 | 955,000 | 949,000 | 991,000 | 969,000 | -496,000 | 0 | 0 | 0 |
Net increase in cash and cash equivalents, including restricted | |||||||||||
122,000 | 19,000 | -14,000 | -12,000 | 99,000 | 109,000 | 161,000 | 214,000 | 0 | 0 | 0 | 0 |
Supplemental cash flow disclosures: | |||||||||||
Interest paid, net | |||||||||||
127,000 | 128,000 | 146,000 | 139,000 | 115,000 | 0 | 0 | 0 | - | - | - | - |
Income taxes paid (refunded), net | |||||||||||
32,000 | 47,000 | 54,000 | 54,000 | 61,000 | 0 | 0 | 0 | - | - | - | - |
Supplemental schedule of non-cash investing and financing activities: | |||||||||||
Leased assets acquired through finance lease obligations | |||||||||||
77,000 | 145,000 | 146,000 | 197,000 | 180,000 | 0 | 0 | 0 | - | - | - | - |
Leased assets acquired through operating lease obligations | |||||||||||
100,000 | 47,000 | 15,000 | 0 | 0 | 0 | 0 | 0 | - | - | - | - |
Stock issued for the acquisition of Vencore | |||||||||||
0 | 0 | 0 | 0 | 578,000 | 0 | 0 | 0 | - | - | - | - |