SP Plus Corp SP Cash Flow

Sp plus corp (SP)

CashFlow / TTM

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
-4,800	51,700	52,000	51,500	51,400	56,400	55,100	52,600	53,700	44,500	46,300	42,000	32,100	26,000	19,200	16,000	19,100	20,300	26,826	27,413	23,110	26,100	21,876	21,254	19,281	14,800	3,144	948	881	2,374	11,146	14,942	15,413	17,476	0	0	0
Adjustments to reconcile net income to net cash provided by operations:
Lease impairment
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
29,400	29,300	27,200	24,900	21,900	18,800	18,200	18,900	19,100	21,700	24,100	27,100	31,700	34,200	36,300	36,700	35,500	34,100	32,707	31,815	31,250	30,400	29,658	29,215	29,113	29,500	32,321	26,875	21,015	15,201	6,951	6,929	6,847	6,671	0	0	0
Net accretion of acquired lease contracts
-	-	-	-	-	-1,100	-1,500	-1,500	-900	-2,200	-1,600	-1,300	-1,800	-1,800	-1,200	-1,200	-1,000	-900	-1,251	-899	-521	-1,000	-2,623	-2,088	-3,206	-4,300	0	0	0	-	-	-	-	-	-	-	-
Loss on sale of equipment
-	-	-	-	-	-	-	-	-300	-200	0	-100	-300	300	-100	0	200	-400	305	444	468	300	-274	-1,254	-1,822	-1,600	-1,455	-629	-22	-80	-137	-109	-25	-32	0	0	0
Net equity in earnings of unconsolidated entities (net of distributions)
-	-	-	-	-	400	300	-700	8,900	8,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of equity method investment in unconsolidated entity
-	-	-	-	-	10,100	10,000	10,000	10,100	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt issuance costs
-	-	-	-	-	700	700	700	600	700	800	800	800	800	800	800	1,000	1,100	1,201	1,326	1,259	1,300	0	0	0	-	-	0	0	-	-	-	-	638	0	0	0
Amortization of original discount on borrowings
-	-	-	-	-	500	500	600	500	500	500	400	500	500	500	500	300	1,000	1,117	1,410	1,701	1,200	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-
Write-off of debt issuance costs and original discount on borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	0	0	0	-	-	-	-
Non-cash stock-based compensation reversal, net of expense
1,600	4,900	4,100	2,700	2,900	3,100	2,000	3,300	2,800	3,100	3,800	3,300	3,700	3,400	3,400	3,700	3,700	3,700	3,594	3,459	3,104	3,300	3,534	3,673	3,954	4,200	4,461	3,708	2,784	2,103	1,841	2,001	2,316	2,451	0	0	0
Provisions for losses on accounts receivable
1,000	1,100	1,800	1,700	1,600	1,500	700	600	600	700	500	500	400	400	400	600	700	700	199	431	691	700	869	520	179	200	423	477	527	420	397	198	139	201	0	0	0
Excess tax (benefit) expense related to vesting of restricted stock units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	445	173	245	263	246	0	0	0
Deferred income taxes
-36,900	4,200	3,000	2,300	1,700	1,300	3,400	2,800	2,200	1,800	-5,900	-4,100	-2,500	-2,100	300	-2,400	-9,100	-9,700	-12,652	-11,596	-6,401	-12,100	-2,773	-3,052	-3,210	2,700	2,535	5,054	6,740	7,231	2,598	2,082	1,839	2,434	0	0	0
Other
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities
Notes and accounts receivable
3,600	12,700	2,100	19,800	8,200	16,700	12,400	11,800	12,500	2,600	4,900	6,300	18,700	15,900	14,000	-400	-8,200	-3,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid assets
-100	6,900	100	-800	400	-100	3,200	2,100	-100	1,800	-1,000	-7,100	-10,700	1,000	-4,500	8,000	11,700	-3,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-	-	-	-	-	-2,100	800	1,200	1,400	2,300	-2,700	-300	2,200	1,000	4,700	400	-2,200	-2,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
18,100	5,200	2,400	6,000	-900	800	-2,300	-13,100	-16,300	-7,200	-1,300	4,800	13,800	14,800	6,000	5,100	-1,700	-11,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued liabilities and other
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued liabilities
-	-	-	-	-	13,900	9,300	2,600	8,900	-3,300	-6,700	700	-9,600	1,200	1,400	1,600	6,700	-6,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in operating assets and liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Net cash provided by (used in) operating activities
91,100	76,000	90,100	66,900	65,600	70,900	59,400	43,100	38,600	45,200	50,500	65,800	59,900	59,700	55,100	54,700	54,500	43,600	34,909	38,746	55,202	51,600	60,500	50,947	34,714	34,900	10,604	8,731	10,997	11,404	32,891	26,127	18,992	34,949	0	0	0
Purchase of leasehold improvements and equipment
12,100	10,200	8,600	9,100	8,400	8,900	8,600	7,300	8,300	6,800	7,100	7,900	11,600	13,000	13,800	14,000	9,400	9,600	9,691	9,551	12,873	13,500	14,580	15,943	15,968	15,700	13,439	11,067	7,486	5,024	4,357	4,177	4,201	4,150	0	0	0
Proceeds from sale of other investments and equipment
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of equipment and contract terminations
-	-	-	-	-	200	0	0	0	-	-	-	-	3,000	3,000	3,200	3,300	500	934	954	858	900	1,023	894	791	800	158	67	72	30	49	52	113	116	0	0	0
Proceeds from sale of equity method investee's sale of assets
-	-	-	-	-	19,300	19,300	19,300	27,700	8,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of contracts purchased
2,100	2,600	2,400	1,800	2,100	1,100	900	1,100	600	700	2,400	3,700	3,800	3,800	3,000	1,400	1,600	3,700	3,625	4,338	4,598	2,300	1,410	725	448	400	965	1,272	989	1,172	1,109	897	896	932	0	0	0
Capitalized interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-43	0	0	0
Contingent payments for businesses acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Net cash used in investing activities
-13,600	-12,500	-288,600	-288,500	-288,100	-268,400	9,900	11,200	20,200	2,300	500	-1,900	-15,200	-13,800	-13,800	-11,200	-6,700	-11,800	-11,319	-12,658	-16,596	-14,900	-12,943	-14,051	-13,636	-13,300	13,164	15,174	18,983	21,226	-5,480	-5,100	-5,243	-5,257	0	0	0
Contingent payments for businesses acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,800	0	0	0	-	-	-	-	2,073	0	0	0	-	-	-	-
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	526	228	228	244	217	0	0	0
Payments on credit facility revolver
553,500	470,600	445,000	339,700	233,000	186,300	203,000	283,900	361,400	410,100	407,500	422,300	458,400	401,000	409,800	413,600	412,900	460,900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from credit facility revolver
552,000	455,600	576,500	477,800	383,000	333,500	189,900	273,900	333,500	386,600	384,800	391,400	431,300	385,000	393,600	388,500	397,100	439,500	917,450	801,600	662,900	568,000	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-
Proceeds from credit facility term loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,400	35,215	29,590	23,965	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments on credit facility term loan
11,300	11,300	108,400	130,600	147,800	150,000	55,000	35,000	20,000	20,000	18,800	17,500	16,200	15,000	15,000	15,000	15,000	15,000	0	0	0	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
Payments of debt issuance costs and original discount on borrowings
-	-	-	-	-	3,200	0	0	0	0	0	0	0	0	100	100	300	1,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net payments on former senior credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-12,590	0	0	0	-	-	-	0
Payments on other long-term borrowings
-2,000	-2,300	800	300	-100	-500	-400	-500	-500	-500	-300	-300	-300	-300	-400	-200	-300	-300	347	86	260	200	638	1,197	449	600	694	-41	707	687	142	414	274	136	0	0	0
Distribution to noncontrolling interest
3,000	3,200	3,100	3,100	3,200	3,300	3,400	3,400	3,400	3,200	3,100	2,700	2,400	3,300	4,000	3,900	4,100	3,100	2,389	2,728	2,626	2,900	2,855	2,560	2,905	2,800	2,828	2,358	1,470	874	335	342	377	388	0	0	0
Payments on capital leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	553	0	0	0
Excess tax (benefit) expense related to vesting of restricted stock units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	445	319	247	229	246	0	0	0
Repurchase of common stock
60,600	47,600	32,000	13,600	2,300	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-79,000	-79,400	208,100	211,400	217,700	215,200	-72,100	-48,900	-51,800	-47,200	-47,000	-58,300	-53,500	-42,100	-40,800	-44,800	-35,300	-30,600	-22,044	-25,324	-43,791	-41,500	-51,368	-33,639	-23,274	-26,400	-11,587	-12,317	-12,049	-17,403	-24,716	-23,238	-12,554	-23,388	0	0	0
Effect of exchange rate changes on cash and cash equivalents
-300	100	-200	0	0	-600	-400	-400	-100	300	100	-200	-400	-300	-200	-400	-400	-700	-753	-557	-428	-200	-307	-171	-337	-500	-292	-186	-182	3	72	-519	-431	-389	0	0	0
Decrease in cash and cash equivalents
-1,800	-15,800	9,400	-10,200	-4,800	17,100	-3,200	5,000	6,900	600	4,100	5,400	-9,200	3,500	300	-1,700	12,100	500	793	207	-5,613	-5,000	-4,118	3,086	-2,533	-5,300	11,889	11,402	17,749	15,230	2,767	-2,730	764	5,915	0	0	0
Supplemental disclosures
Cash paid (refund received) during the period for
Interest
17,500	17,900	16,800	14,100	11,100	8,500	7,300	7,400	7,600	8,000	8,500	8,800	9,100	9,200	9,200	9,600	9,800	10,700	11,635	12,532	13,344	13,900	14,500	15,289	16,055	16,300	28,765	25,115	21,921	18,715	3,279	3,689	3,852	4,015	0	0	0
Income taxes, net
13,500	15,300	15,100	15,900	16,500	15,300	16,900	24,900	26,000	26,500	27,200	22,300	17,900	17,600	15,600	13,100	14,000	18,100	17,237	13,639	10,692	1,300	-1,465	-2,901	-3,669	1,300	1,600	1,900	3,502	3,651	5,711	6,628	7,455	7,507	0	0	0