Resources connection inc (RECN)
CashFlow / Quarterly
Feb'20Nov'19Aug'19May'19Feb'19Nov'18Aug'18May'18Feb'18Nov'17Aug'17May'17Feb'17Nov'16Aug'16May'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11May'11Feb'11Nov'10Aug'10May'10Feb'10Nov'09Aug'09
Cash flows from operating activities:
Net income

6,942

12,337

4,939

9,369

5,796

10,564

5,741

3,981

4,595

8,138

2,112

4,437

2,884

5,692

5,638

8,677

5,957

8,676

7,133

8,108

5,989

8,016

5,395

6,859

2,279

7,095

3,653

5,315

4,493

5,864

4,832

8,894

4,331

25,321

2,596

5,401

753

17,471

1,230

2,314

-4,965

-1,912

-7,186

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

2,669

2,934

2,463

2,194

2,111

2,149

2,024

2,087

2,093

1,269

940

941

909

808

794

861

897

911

888

877

901

1,251

1,278

1,307

1,301

1,330

1,378

1,504

1,547

1,606

1,617

1,782

1,899

2,657

2,757

2,953

2,985

3,180

3,135

3,326

3,512

2,609

2,593

Stock-based compensation expense

1,491

1,643

1,515

1,609

1,948

1,652

1,361

1,534

1,437

1,450

1,612

1,410

1,508

1,855

1,295

1,252

1,483

1,390

2,155

1,362

1,523

1,558

1,546

1,640

1,601

1,624

1,654

1,728

1,822

1,825

1,813

1,905

2,029

1,876

1,932

1,952

2,557

2,589

2,680

2,882

3,187

3,529

5,895

Contingent consideration adjustment

-858

-131

-131

-216

-337

-134

97

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-48,504

239

23,700

-1,287

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36

120

29

4

65

3

14

4

23

7

1

0

6

5

7

221

5

6

6

14

318

120

39

262

219

142

34

Loss on disposal of assets

-1

-59

-7

220

-282

-60

-4

-

-

-

3

1

21

-40

-1

-

-3

5

2

-6

-8

0

-1

-1

-1

-43

-20

-71

-21

-7

-17

-424

-42

0

-12

21

-26

-4

-41

-

-

-

-

Bad debt expense

610

145

471

1,063

0

-10

487

117

345

61

303

-

-

-

-

0

656

257

205

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Deferred income taxes

941

-91

-246

753

1,079

623

3,997

-4,879

750

-701

-205

1,068

3,898

-399

-37

371

1,090

-135

-268

-1,431

583

1,724

-184

2,532

-86

-250

-368

1,844

-586

350

-626

168

-580

14,183

-580

1,735

-588

9,725

-209

1,250

2,727

-2,045

-3,195

Changes in operating assets and liabilities, net of effects of business combinations:
Trade accounts receivable

-6,067

7,671

-6,288

-3,726

-8,422

9,471

8,367

6,333

4,646

8,364

30

843

-464

2,626

-1,511

-3,013

2,979

4,418

-1,682

-1,078

2,089

7,151

1,890

1,422

-4,022

11,572

-3,225

-5,302

-3,239

6,983

1,521

-5,177

1,849

4,596

-1,793

1,275

3,778

6,172

-1,306

2,515

1,585

3,203

-6,710

Prepaid expenses and other current assets

313

263

236

-957

1,053

208

-413

358

641

-533

1,101

-562

135

106

-53

-35

68

-379

997

-461

379

-194

-271

443

-101

-400

283

595

-276

-569

-298

307

-456

-306

1,322

805

379

-206

-201

1,035

106

285

-578

Income taxes

7,368

-706

-1,364

-664

1,886

1,657

1,445

-6,827

3,562

114

-1,582

-1,115

3,722

4,844

-1,219

-2,255

1,923

4,592

-3,311

-2,724

2,886

3,806

-1,781

-2,597

3,842

-602

-1,488

-1,306

1,119

3,605

-2,818

-1,648

-1,750

4,756

-3,202

-3,398

3,530

2,156

-2,753

-230

1,082

-3,141

-2,590

Other assets

363

1,574

-940

-39

144

559

483

143

107

-39

-45

-17

-98

-18

-120

78

0

12

-105

-133

-86

-47

12

-51

65

-34

-90

-33

108

23

-34

-47

-18

-110

2

-330

167

-321

48

22

-67

96

-110

Accounts payable and accrued expenses

-1,706

157

-1,727

-1,062

51

724

-1,182

1,809

278

1,209

36

-136

-931

1,872

-124

975

-1,250

1,042

-591

1,247

-1,328

869

-484

-1,534

-318

1,452

-1,096

-378

-614

1,316

-1,297

-1,560

236

3,179

-3,995

462

731

1,597

-1,064

-2,186

517

1,667

-770

Accrued salaries and related obligations

-4,812

12,702

-20,082

12,155

-5,487

14,042

-20,163

15,661

-5,545

12,818

-18,761

12,534

-7,777

13,053

-18,244

13,602

-6,762

11,744

-17,010

12,582

-5,093

13,174

-16,573

7,190

547

2,252

-3,892

280

4,301

1,327

-5,479

-522

3,472

704

-5,220

817

4,959

703

-4,647

1,144

3,510

1,004

-17,058

Other liabilities

1,044

-651

1,397

-906

1,049

491

915

-2,681

1,097

-1,572

341

-9

1,614

-385

719

63

-719

134

-1,135

1,803

-109

-1,752

216

-722

-273

91

-541

506

-289

-888

1,207

-865

994

-104

406

-749

911

398

485

609

231

827

-824

Net cash provided by operating activities

4,345

20,256

-3,038

30,125

11,831

18,266

-16,601

17,624

-3,894

14,769

-13,129

21,339

-1,211

15,192

-7,055

31,215

-3,651

15,251

-4,553

28,946

-2,859

14,333

-8,669

18,352

5,245

3,094

5,327

16,916

12,977

1,360

3,706

16,570

12,793

5,434

1,573

10,984

3,923

4,046

7,111

6,490

6,699

5,094

-10,591

Cash flows from investing activities:
Redemption of short-term investments

0

0

5,981

-

-

-

-

-

-

-

-

0

4,996

4,988

14,973

10,000

15,000

10,000

10,000

5,000

15,000

5,000

24,000

18,000

15,000

15,000

25,000

28,000

10,000

5,000

18,000

15,000

11,000

5,250

5,250

5,500

10,493

5,498

10,496

13,000

15,252

5,250

20,494

Purchase of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,986

9,993

14,993

9,997

4,997

9,994

10,013

14,998

19,002

15,009

22,992

24,987

20,003

23,000

14,996

5,006

13,003

24,991

10,998

5,250

5,500

500

15,492

5,498

9,996

10,250

252

23,250

Proceeds from sale of assets

-

-

-

-

-

-

-

0

3

0

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of Veracity, net of cash acquired of $2.1 million

-35

0

30,293

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of property and equipment

779

754

510

957

2,531

2,335

1,073

593

836

401

383

742

1,745

1,219

1,075

705

148

953

575

761

608

638

357

623

449

1,228

1,425

689

1,048

820

590

453

674

648

1,011

1,162

1,382

862

446

1,408

808

698

466

Net cash used in investing activities

-998

-649

-24,822

-6,938

-2,531

-2,335

-1,073

-580

-20,880

-3,824

-382

-724

3,300

3,935

13,898

-691

4,859

-5,946

-572

-758

4,398

-5,651

8,645

-1,625

-458

-9,220

-1,412

7,308

-14,048

-10,816

12,404

1,544

-14,665

-6,396

-1,011

-1,431

8,611

-10,856

4,552

1,875

4,194

-24,241

-3,222

Cash flows from financing activities:
Proceeds from exercise of stock options

1,659

1,216

2,251

670

8,726

8,004

2,409

1,582

3,241

1,136

530

211

1,514

641

1,498

564

76

3,563

1,290

907

1,660

1,139

1,597

122

401

47

3,246

40

686

716

225

85

45

34

29

430

2,584

1,004

528

1,582

837

1,790

312

Proceeds from issuance of common stock under Employee Stock Purchase Plan

2,531

0

2,599

0

2,321

0

2,178

-2

1,691

1

2,259

-4

2,313

0

2,184

0

2,276

0

2,186

0

1,872

0

1,900

0

1,717

0

1,734

1

1,858

0

2,053

0

1,845

0

2,306

0

2,009

0

2,143

1

2,279

0

3,000

Purchase of common stock

-

-

-

7,640

9,249

5,540

7,462

-

-

-

-

0

6,927

106,305

5,654

8,121

8,478

5,312

6,217

5,938

7,048

7,607

5,684

7,956

7,384

10,085

4,162

12,254

6,048

6,964

8,926

6,983

10,869

10,907

16,626

15,218

1,831

1,269

6,079

-

-

-

-

Proceeds from Revolving Credit Facility

0

0

35,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment on Revolving Credit Facility

5,000

19,000

5,000

15,000

0

0

5,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends paid

4,499

4,475

4,106

4,147

4,124

4,095

3,792

3,760

3,676

3,579

3,254

3,298

3,259

3,977

3,623

3,675

3,713

3,715

2,982

3,005

3,011

3,046

2,686

2,713

2,732

2,789

2,391

2,448

2,460

2,492

2,097

2,125

2,158

2,207

1,816

-

-

-

-

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36

120

29

4

65

3

14

4

23

7

1

0

6

5

7

221

5

6

6

14

318

120

39

262

219

142

34

Net cash used in financing activities

-10,309

-22,259

30,744

-27,977

-2,326

-1,631

-11,667

-4,759

11,140

-2,442

-465

-3,091

-16,359

-51,831

-5,595

-11,417

-9,803

-5,344

-5,694

-8,032

-6,462

-9,511

-4,859

-10,543

-7,975

-12,820

-1,572

-14,661

-5,958

-8,735

-8,738

-8,802

-11,132

-13,074

-16,101

-16,624

1,241

-1,994

-3,369

-1,341

-2,521

1,932

3,346

Effect of exchange rate changes on cash

-127

-38

-206

-132

170

-530

-76

968

567

-1,826

1,254

198

310

-1,666

600

491

-35

-75

-196

-241

-1,002

-1,042

-277

-232

50

19

45

-1,430

-1,023

-746

376

-602

-248

-866

483

1,050

438

954

329

-1,130

-1,098

1,183

743

Net decrease in cash

-7,089

-2,690

2,678

-4,922

7,144

13,770

-29,417

13,253

-13,067

6,677

-12,722

17,722

-13,960

-34,370

1,848

19,598

-8,630

3,886

-11,015

19,915

-5,925

-1,871

-5,160

5,952

-3,138

-18,927

2,388

8,133

-8,052

-18,937

7,748

8,710

-13,252

-14,902

-15,056

-6,021

14,213

-7,850

8,623

5,894

7,274

-16,032

-9,724