Resources connection inc (RECN)
CashFlow / TTM
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

33,587

32,441

30,668

31,470

26,082

24,881

22,455

18,826

19,282

17,571

15,125

18,651

22,891

25,964

28,948

30,443

29,874

29,906

29,246

27,508

26,259

22,549

21,628

19,886

18,342

20,556

19,325

20,504

24,083

23,921

43,378

41,142

37,649

34,071

26,221

24,855

21,768

16,050

-3,333

-11,749

0

0

0

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

10,260

9,702

8,917

8,478

8,371

8,353

7,473

6,389

5,243

4,059

3,598

3,452

3,372

3,360

3,463

3,557

3,573

3,577

3,917

4,307

4,737

5,137

5,216

5,316

5,513

5,759

6,035

6,274

6,552

6,904

7,955

9,095

10,266

11,352

11,875

12,253

12,626

13,153

12,582

12,040

0

0

0

Stock-based compensation expense

6,258

6,715

6,724

6,570

6,495

5,984

5,782

6,033

5,909

5,980

6,385

6,068

5,910

5,885

5,420

6,280

6,390

6,430

6,598

5,989

6,267

6,345

6,411

6,519

6,607

6,828

7,029

7,188

7,365

7,572

7,623

7,742

7,789

8,317

9,030

9,778

10,708

11,338

12,278

15,493

0

0

0

Contingent consideration adjustment

-1,336

-815

-818

-590

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-25,852

0

0

0

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

189

218

101

86

86

44

48

35

31

14

12

18

239

238

239

238

31

344

458

491

739

640

662

657

0

0

0

Loss on disposal of assets

153

-128

-129

-126

0

0

0

-

-

-

-15

-19

0

0

0

-

-2

-7

-12

-15

-10

-3

-46

-65

-135

-155

-119

-116

-469

-490

-483

-478

-33

-17

-21

-50

0

0

0

-

-

-

-

Bad debt expense

2,289

1,679

1,524

1,540

594

939

1,010

826

0

0

0

-

-

-

-

1,118

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Deferred income taxes

1,357

1,495

2,209

6,452

820

491

-833

-5,035

912

4,060

4,362

4,530

3,833

1,025

1,289

1,058

-744

-1,251

608

692

4,655

3,986

2,012

1,828

1,140

640

1,240

982

-694

-688

13,145

13,191

14,758

14,750

10,292

10,663

10,178

13,493

1,723

-1,263

0

0

0

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

-8,410

-10,765

-8,965

5,690

15,749

28,817

27,710

19,373

13,883

8,773

3,035

1,494

-2,362

1,081

2,873

2,702

4,637

3,747

6,480

10,052

12,552

6,441

10,862

5,747

-977

-194

-4,783

-37

88

5,176

2,789

-525

5,927

7,856

9,432

9,919

11,159

8,966

5,997

593

0

0

0

Prepaid expenses and other current assets

-145

595

540

-109

1,206

794

53

1,567

647

141

780

-374

153

86

-399

651

225

536

721

-547

357

-123

-329

225

377

202

33

-548

-836

-1,016

-753

867

1,365

2,200

2,300

777

1,007

734

1,225

848

0

0

0

Income taxes

4,634

-848

1,515

4,324

-1,839

-163

-1,706

-4,733

979

1,139

5,869

6,232

5,092

3,293

3,041

949

480

1,443

657

2,187

2,314

3,270

-1,138

-845

446

-2,277

1,930

600

258

-2,611

-1,460

-1,844

-3,594

1,686

-914

-465

2,703

255

-5,042

-4,879

0

0

0

Other assets

958

739

-276

1,147

1,329

1,292

694

166

6

-199

-178

-253

-158

-60

-30

-15

-226

-312

-371

-254

-172

-21

-8

-110

-92

-49

8

64

50

-76

-209

-173

-456

-271

-482

-436

-84

-318

99

-59

0

0

0

Accounts payable and accrued expenses

-4,338

-2,581

-2,014

-1,469

1,402

1,629

2,114

3,332

1,387

178

841

681

1,792

1,473

643

176

448

370

197

304

-2,477

-1,467

-884

-1,496

-340

-636

-772

-973

-2,155

-1,305

558

-2,140

-118

377

-1,205

1,726

-922

-1,136

-1,066

-772

0

0

0

Accrued salaries and related obligations

-37

-712

628

547

4,053

3,995

2,771

4,173

1,046

-1,186

-951

-434

634

1,649

340

1,574

554

2,223

3,653

4,090

-1,302

4,338

-6,584

6,097

-813

2,941

2,016

429

-373

-1,202

-1,825

-1,566

-227

1,260

1,259

1,832

2,159

710

1,011

-11,400

0

0

0

Other liabilities

884

889

2,031

1,549

-226

-178

-2,241

-2,815

-143

374

1,561

1,939

2,011

-322

197

-1,657

83

693

-1,193

158

-2,367

-2,531

-688

-1,445

-217

-233

-1,212

536

-835

448

1,232

431

547

464

966

1,045

2,403

1,723

2,152

843

0

0

0

Net cash provided by operating activities

51,688

59,174

57,184

43,621

31,120

15,395

11,898

15,370

19,085

21,768

22,191

28,265

38,141

35,701

35,760

38,262

35,993

36,785

35,867

31,751

21,157

29,261

18,022

32,018

30,582

38,314

36,580

34,959

34,613

34,429

38,503

36,370

30,784

21,914

20,526

26,064

21,570

24,346

25,394

7,692

0

0

0

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

0

0

0

-

-

-

-

-

-

-

-

24,957

34,957

44,961

49,973

45,000

40,000

40,000

35,000

49,000

62,000

62,000

72,000

73,000

83,000

78,000

68,000

61,000

48,000

49,000

49,250

36,500

27,000

26,493

26,741

31,987

39,487

44,246

43,998

53,996

0

0

0

Purchase of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

44,969

39,980

39,981

35,001

40,002

54,007

59,022

72,001

81,990

82,991

90,982

82,986

63,005

56,005

57,996

53,998

54,242

46,739

22,248

26,742

26,990

31,486

41,236

25,996

43,748

0

0

0

Proceeds from sale of assets

-

-

-

-

-

-

-

4

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of property and equipment

3,000

4,752

6,333

6,896

6,532

4,837

2,903

2,213

2,362

3,271

4,089

4,781

4,744

3,147

2,881

2,381

2,437

2,897

2,582

2,364

2,226

2,067

2,657

3,725

3,791

4,390

3,982

3,147

2,911

2,537

2,365

2,786

3,495

4,203

4,417

3,852

4,098

3,524

3,360

3,380

0

0

0

Net cash used in investing activities

-33,407

-34,940

-36,626

-12,877

-6,519

-24,868

-26,357

-25,666

-25,810

-1,630

6,129

20,409

20,442

22,001

12,120

-2,350

-2,417

-2,878

-2,583

6,634

5,767

911

-2,658

-12,715

-3,782

-17,372

-18,968

-5,152

-10,916

-11,533

-7,113

-20,528

-23,503

-227

-4,687

876

4,182

-235

-13,620

-21,394

0

0

0

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

5,796

12,863

19,651

19,809

20,721

15,236

8,368

6,489

5,118

3,391

2,896

3,864

4,217

2,779

5,701

5,493

5,836

7,420

4,996

5,303

4,518

3,259

2,167

3,816

3,734

4,019

4,688

1,667

1,712

1,071

389

193

538

3,077

4,047

4,546

5,698

3,951

4,737

4,521

0

0

0

Proceeds from issuance of common stock under Employee Stock Purchase Plan

5,130

4,920

4,920

4,499

4,497

3,867

3,868

3,949

3,947

4,569

4,568

4,493

4,497

4,460

4,460

4,462

4,462

4,058

4,058

3,772

3,772

3,617

3,617

3,451

3,452

3,593

3,593

3,912

3,911

3,898

3,898

4,151

4,151

4,315

4,315

4,152

4,153

4,423

4,423

5,280

0

0

0

Purchase of common stock

-

-

-

29,891

0

0

0

-

-

-

-

118,886

127,007

128,558

27,565

28,128

25,945

24,515

26,810

26,277

28,295

28,631

31,109

29,587

33,885

32,549

29,428

34,192

28,921

33,742

37,685

45,385

53,620

44,582

34,944

24,397

0

0

0

-

-

-

-

Proceeds from Revolving Credit Facility

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment on Revolving Credit Facility

44,000

39,000

20,000

20,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends paid

17,227

16,852

16,472

16,158

15,771

15,323

14,807

14,269

13,807

13,390

13,788

14,157

14,534

14,988

14,726

14,085

13,415

12,713

12,044

11,748

11,456

11,177

10,920

10,625

10,360

10,088

9,791

9,497

9,174

8,872

8,587

8,306

0

0

0

-

-

-

-

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

189

218

101

86

86

44

48

35

31

14

12

18

239

238

239

238

31

344

458

491

739

640

662

657

0

0

0

Net cash used in financing activities

-29,801

-21,818

-1,190

-43,601

-20,383

-6,917

-7,728

3,474

5,142

-22,357

-71,746

-76,876

-85,202

-78,646

-32,159

-32,258

-28,873

-25,532

-29,699

-28,864

-31,375

-32,888

-36,197

-32,910

-37,028

-35,011

-30,926

-38,092

-32,233

-37,407

-41,746

-49,109

-56,931

-44,558

-33,478

-20,746

-5,463

-9,225

-5,299

1,416

0

0

0

Effect of exchange rate changes on cash

-503

-206

-698

-568

532

929

-367

963

193

-64

96

-558

-265

-610

981

185

-547

-1,514

-2,481

-2,562

-2,553

-1,501

-440

-118

-1,316

-2,389

-3,154

-2,823

-1,995

-1,220

-1,340

-1,233

419

1,105

2,925

2,771

591

-945

-716

-302

0

0

0

Net decrease in cash

-12,023

2,210

18,670

-13,425

4,750

-15,461

-22,554

-5,859

-1,390

-2,283

-43,330

-28,760

-26,884

-21,554

16,702

3,839

4,156

6,861

1,104

6,959

-7,004

-4,217

-21,273

-13,725

-11,544

-16,458

-16,468

-11,108

-10,531

-15,731

-11,696

-34,500

-49,231

-21,766

-14,714

8,965

20,880

13,941

5,759

-12,588

0

0

0