SP Plus Corp SP Cash Flow

Sp plus corp (SP)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Operating activities
Net (loss) income
-45,600	9,500	15,000	16,300	10,900	9,800	14,500	16,200	15,900	8,500	12,000	17,300	6,700	10,300	7,700	7,400	600	3,500	4,500	10,500	1,800	10,026	5,087	6,197	4,790	5,802	4,465	4,224	309	-5,854	2,269	4,157	1,802	2,918	6,065	4,628	3,865
Adjustments to reconcile net income to net cash provided by operations:
Lease impairment
77,500	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
7,500	7,500	6,700	7,700	7,400	5,400	4,400	4,700	4,300	4,800	5,100	4,900	6,900	7,200	8,100	9,500	9,400	9,300	8,500	8,300	8,000	7,907	7,608	7,735	7,150	7,165	7,165	7,633	7,537	9,986	1,719	1,773	1,723	1,736	1,697	1,691	1,547
Net accretion of acquired lease contracts
-	-	-	-	-	-600	-700	-700	900	-1,000	-700	-100	-400	-400	-400	-600	-400	200	-400	-400	-300	-151	-48	-22	-779	-1,774	487	-1,140	-1,873	-	-	-	-	-	-	-	-
Loss on sale of equipment
-	-	-	-	-	-	-	-	-100	-100	0	-100	0	100	-100	-300	600	-300	0	-100	0	405	139	-76	-168	-169	-841	-644	54	-24	-15	-37	-4	-81	13	47	-11
Net equity in earnings of unconsolidated entities (net of distributions)
-	-	-	-	-	0	100	100	200	-100	-900	9,700	-200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of equity method investment in unconsolidated entity
-	-	-	-	-	0	0	0	10,100	-100	0	100	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt issuance costs
-	-	-	-	-	100	200	300	100	100	200	200	200	200	200	200	200	200	200	400	300	301	325	333	341	-	-	339	452	-	-	-	-	160	174	152	152
Amortization of original discount on borrowings
-	-	-	-	-	100	100	200	100	100	200	100	100	100	100	200	100	100	100	0	800	217	393	291	299	-	-	318	336	-	-	-	-	-	-	-	-
Write-off of debt issuance costs and original discount on borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	115	-	-	-	-	-	135	152	159	-	-	-	-
Non-cash stock-based compensation reversal, net of expense
-2,900	1,800	1,300	1,400	400	1,000	-100	1,600	600	-100	1,200	1,100	900	600	700	1,500	600	600	1,000	1,500	600	494	865	1,145	796	728	1,004	1,426	1,042	989	251	502	361	727	411	817	496
Provisions for losses on accounts receivable
0	600	200	200	100	1,300	100	100	0	500	0	100	100	300	0	0	100	300	200	100	100	-201	432	360	109	-32	83	19	130	191	137	69	23	168	-62	10	85
Excess tax (benefit) expense related to vesting of restricted stock units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-89	-	-	-	-	666	0	-40	-181	394	72	-22	-198
Deferred income taxes
-40,600	2,400	800	500	500	1,200	100	-100	100	3,300	-500	-700	-300	-4,400	1,300	900	100	-2,000	-1,400	-5,800	-500	-4,952	-344	-605	-6,199	4,375	-623	-763	-289	4,210	1,896	923	202	-423	1,380	680	797
Other
100	-	-	-	-100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities
Notes and accounts receivable
-3,400	12,900	-12,000	6,100	5,700	2,300	5,700	-5,500	14,200	-2,000	5,100	-4,800	4,300	300	6,500	7,600	1,500	-1,600	-7,900	-200	6,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid assets
-10,300	8,800	1,600	-200	-3,300	2,000	700	1,000	-3,800	5,300	-400	-1,200	-1,900	2,500	-6,500	-4,800	9,800	-3,000	6,000	-1,100	-5,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-	-	-	-	-	-2,500	900	-500	0	400	1,300	-300	900	-4,600	3,700	2,200	-300	-900	-600	-400	-900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
6,100	12,800	-4,900	4,100	-6,800	10,000	-1,300	-2,800	-5,100	6,900	-12,100	-6,000	4,000	12,800	-6,000	3,000	5,000	4,000	-6,900	-3,800	-4,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued liabilities and other
-7,400	-	-	-	-17,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued liabilities
-	-	-	-	-	8,800	400	2,600	2,100	4,200	-6,300	8,900	-10,100	800	1,100	-1,400	700	1,000	1,300	3,700	-12,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in operating assets and liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,319	15,914	-16,581	-	10,898	-3,823	17,106	-	5,111	-11,216	13,202	-	15,177	-3,745	-93
Net cash provided by (used in) operating activities
8,200	21,200	33,500	28,200	-6,900	35,300	10,300	26,900	-1,600	23,800	-6,000	22,400	5,000	29,100	9,300	16,500	4,800	24,500	8,900	16,300	-6,100	15,809	12,737	32,756	-9,702	24,709	3,184	16,523	-9,516	413	1,311	18,789	-9,109	21,900	-5,453	11,654	6,848
Purchase of leasehold improvements and equipment
4,000	3,800	2,200	2,100	2,100	2,200	2,700	1,400	2,600	1,900	1,400	2,400	1,100	2,200	2,200	6,100	2,500	3,000	2,400	1,500	2,700	3,091	2,260	4,822	3,327	4,171	3,623	4,847	3,059	1,910	1,251	1,266	597	1,243	1,071	1,290	546
Proceeds from sale of other investments and equipment
400	-	-	-	100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of equipment and contract terminations
-	-	-	-	-	0	100	100	0	-	-	-	-	100	0	100	2,800	100	200	200	0	534	220	104	42	657	91	1	51	15	0	6	9	34	3	67	12
Proceeds from sale of equity method investee's sale of assets
-	-	-	-	-	0	0	0	19,300	0	0	8,400	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of contracts purchased
700	500	700	200	1,200	300	100	500	200	100	300	0	300	1,800	1,600	100	300	1,000	0	300	2,400	925	713	560	102	35	28	283	54	600	335	0	237	537	123	-1	273
Capitalized interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-17	-	-	-	-	-	-	-	-	-3	-4	-4	-32
Contingent payments for businesses acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	-	-	-	-	-	-	-	-
Net cash used in investing activities
-4,300	-4,300	-2,800	-2,200	-3,200	-280,400	-2,700	-1,800	16,500	-2,100	-1,400	7,200	-1,400	-3,900	-3,800	-6,100	0	-3,900	-1,200	-1,600	-5,100	-3,419	-2,539	-5,538	-3,404	-1,462	-3,647	-5,123	-3,068	25,002	-1,637	-1,314	-825	-1,704	-1,257	-1,457	-839
Contingent payments for businesses acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,359	300	0	141	-	-	-	-	548	0	445	1,080	-	-	-	-
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	372	0	0	154	74	0	16	127
Payments on credit facility revolver
206,900	110,300	121,000	115,300	124,000	84,700	15,700	8,600	77,300	101,400	96,600	86,100	126,000	98,800	111,400	122,200	68,600	107,600	115,200	121,500	116,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from credit facility revolver
220,400	107,800	120,400	103,400	124,000	228,700	21,700	8,600	74,500	85,100	105,700	68,200	127,600	83,300	112,300	108,100	81,300	91,900	107,200	116,700	123,700	569,850	-8,650	-22,000	28,800	-	-	-10,700	17,550	-	-	-	-	-	-	-	-
Proceeds from credit facility term loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	10,400	24,815	-5,625	-5,625	-13,565	-	-	-	-	-	-	-	-	-	-	-	-
Payments on credit facility term loan
2,800	2,900	2,800	2,800	2,800	100,000	25,000	20,000	5,000	5,000	5,000	5,000	5,000	3,800	3,700	3,700	3,800	3,800	3,700	3,700	3,800	-	-	-	-	-	-	5,625	5,625	-	-	-	-	-	-	-	-
Payments of debt issuance costs and original discount on borrowings
-	-	-	-	-	3,100	0	0	100	-100	0	0	100	-100	0	0	100	0	0	200	1,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net payments on former senior credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,390	1,800	-16,700	6,700	-	-	-	-5,200
Payments on other long-term borrowings
800	-3,900	600	500	500	-800	100	100	100	-700	0	100	100	-500	0	100	100	-600	200	0	100	47	-61	174	40	485	498	-574	191	579	-237	174	171	34	35	34	33
Distribution to noncontrolling interest
500	800	1,000	700	700	700	1,000	800	800	800	1,000	800	600	700	600	500	1,500	1,400	500	700	500	689	839	598	774	644	544	943	669	672	74	55	73	133	81	90	84
Payments on capital leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	154	135	133	131
Excess tax (benefit) expense related to vesting of restricted stock units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-89	-	-	-	-	224	0	40	181	98	-72	22	198
Repurchase of common stock
15,300	15,600	18,400	11,300	2,300	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-5,900	-22,500	-23,400	-27,200	-6,300	265,000	-20,100	-20,900	-8,800	-22,300	3,100	-23,800	-4,200	-22,100	-8,200	-19,000	7,200	-20,800	-12,200	-9,500	11,900	-12,244	-15,480	-27,967	14,191	-22,112	2,249	-17,602	11,065	-7,299	1,519	-17,334	5,711	-14,612	2,997	-6,650	-5,123
Effect of exchange rate changes on cash and cash equivalents
-200	100	0	-200	200	-200	200	-200	-400	0	200	100	0	-200	-100	-100	100	-100	-300	-100	-200	-153	-104	29	28	-260	32	-137	-135	-52	138	-133	50	17	-453	-45	92
Decrease in cash and cash equivalents
-2,200	-5,500	7,300	-1,400	-16,200	19,700	-12,300	4,000	5,700	-600	-4,100	5,900	-600	2,900	-2,800	-8,700	12,100	-300	-4,800	5,100	500	-7	-5,386	-720	1,113	875	1,818	-6,339	-1,654	18,064	1,331	8	-4,173	5,601	-4,166	3,502	978
Supplemental disclosures
Cash paid (refund received) during the period for
Interest
4,100	4,100	4,500	4,800	4,500	3,000	1,800	1,800	1,900	1,800	1,900	2,000	2,300	2,300	2,200	2,300	2,400	2,300	2,600	2,500	3,300	3,235	3,497	3,312	3,856	3,835	4,286	4,078	4,101	16,300	636	884	895	864	1,046	1,047	1,058
Income taxes, net
-200	3,700	3,700	6,300	1,600	3,500	4,500	6,900	400	5,100	12,500	8,000	900	5,800	7,600	3,600	600	3,800	5,100	4,500	4,700	2,937	1,502	1,553	-4,692	172	66	785	277	472	366	2,387	426	2,532	1,283	3,214	478