Ss&c technologies holdings, inc. (SSNC)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flow from operating activities:
Net income

99,200

141,600

95,000

121,100

80,800

58,700

57,000

-63,800

51,300

165,400

64,202

51,151

48,147

57,027

38,747

28,221

7,005

12,098

-34,610

39,128

26,246

36,607

40,827

27,245

26,448

26,881

43,466

26,119

21,429

16,082

17,615

-5,760

17,883

13,260

14,899

13,028

9,834

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

184,700

192,400

190,100

189,900

202,800

175,600

146,200

135,300

61,400

60,300

59,687

58,656

58,557

57,790

57,470

58,167

55,273

49,994

48,737

26,107

25,996

25,338

24,661

24,896

24,936

25,339

24,699

24,990

24,752

25,194

24,735

15,680

10,205

10,742

10,492

10,612

10,378

Income tax benefit related to exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

1,225

21,215

15,586

8,174

21,819

6,076

2,226

2,839

4,719

2,500

5,782

2,453

12,398

6,855

2,262

2,679

6,394

-1,271

-1,056

-536

-

-

-

-

Equity in earnings of unconsolidated affiliates, net

700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash distributions received from unconsolidated affiliates

2,000

-

-

-

100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash gain on foreign currency derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,365

-

-

-

-

Stock-based compensation expense

22,500

16,700

17,100

18,200

20,400

20,800

18,400

45,000

12,700

9,900

10,322

10,378

10,900

10,098

12,489

12,566

15,347

12,644

23,121

4,208

4,106

2,929

2,784

2,795

2,975

2,376

1,975

1,929

2,106

1,792

1,386

1,183

1,229

4,278

3,780

3,638

1,797

Net losses (gains) on investments

-11,300

8,400

-10,300

29,300

7,700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization and write-offs of loan origination costs and original issue discounts

3,500

15,100

4,500

4,500

4,300

4,100

3,500

3,400

2,600

2,600

2,619

2,625

2,656

2,706

2,682

2,659

2,653

2,653

2,599

1,439

1,435

1,442

1,441

1,436

1,520

1,422

1,420

1,600

1,388

1,401

1,369

6,387

58

2,262

415

415

1,393

Loss on extinguishment of debt

-400

-

-

-

-

-

-

-

-

0

-1,337

1,363

-2,326

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale or disposition of property and equipment

-3,700

500

-300

-300

-2,500

-

-

-

-

-200

-688

-2

-10

59

-9

-152

2

3

-130

0

-209

-15

26

-645

-53

-1

6

-329

7

0

-12

0

-1

-

-

-

-

Deferred income taxes

32,300

13,500

8,900

35,100

29,600

-100

16,100

77,400

12,400

127,400

9,630

7,675

7,295

8,088

15,656

17,782

6,274

12,776

19,635

5,264

2,131

1,922

6,111

4,109

1,441

1,020

5,575

555

3,919

14,073

-5,566

-525

-1,632

21,204

-2,877

-3,128

-2,776

Provision for doubtful accounts

2,300

2,200

1,800

1,600

600

-

-

-

-

-400

-418

2,064

1,154

816

1,427

578

679

536

302

-138

437

-62

199

289

184

138

214

130

184

-60

201

176

96

14

139

219

430

Changes in operating assets and liabilities, excluding effects from acquisitions:
Accounts receivable

27,200

9,200

-4,600

-17,400

2,900

-10,400

3,000

-62,800

19,800

3,600

1,611

-10,498

7,087

-3,703

1,145

-19,745

33,203

6,926

3,430

-10,254

12,058

-4,297

1,927

1,424

-2,956

5,097

-12,329

4,667

1,751

-601

6,366

2,527

5,759

2,399

725

-10,878

9,572

Prepaid expenses and other assets

-13,200

-24,400

2,800

-5,600

-21,900

-

-

-

-

8,700

-2,726

-1,206

2,532

205

1,079

295

1,221

910

7,597

2,256

-4,744

1,117

3,899

2,568

-1,165

-3,710

3,693

7,336

-2,624

1,294

-2,636

-6,759

522

136

-108

253

43

Contract assets

10,500

20,000

9,000

23,300

-4,200

13,700

32,000

3,400

-26,800

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

6,400

-12,100

4,400

3,400

3,600

-4,200

11,400

-87,600

-10,600

5,200

-6,295

8,789

6,106

-3,910

-5,260

4,278

3,592

-3,831

650

-2,072

-333

889

-153

2,554

-1,765

-9,221

7,437

2,019

-4,267

4,075

-1,776

-1,437

973

813

-778

809

-566

Accrued expenses and other liabilities

-171,000

78,100

19,000

21,500

-161,800

8,300

21,500

21,700

-54,400

30,800

8,943

18,365

-72,908

39,129

7,422

26,992

-52,843

32,510

-8,251

5,097

-25,283

10,777

14,870

10,836

-26,343

9,306

6,634

9,218

-23,463

8,435

-7,063

15,201

-13,558

5,244

8,068

681

-9,917

Income taxes prepaid and payable

38,100

-8,000

-13,300

2,900

-16,600

11,300

41,500

-89,900

19,700

38,800

4,238

-2,515

5,077

20,260

21,083

13,231

10,526

12,639

-12,189

9,547

1,517

7,845

465

5,264

7,986

9,206

3,254

4,932

668

9,372

3,875

-9,136

928

6,655

1,033

1,184

243

Deferred revenue

2,100

173,500

25,200

-17,200

14,800

22,600

-12,100

13,100

-7,400

-9,800

-22,129

-16,248

12,777

3,342

706

-12,208

25,260

33,248

32,140

-14,269

9,121

5,948

814

-7,811

2,333

3,350

-1,028

-7,084

3,578

7,453

-4,794

-6,775

8,137

1,782

-4,035

-4,239

10,893

Net cash provided by operating activities

147,700

573,300

338,400

279,200

137,400

317,700

202,700

49,800

69,900

163,300

114,679

135,933

57,888

181,384

97,680

120,718

18,618

110,057

19,845

69,555

31,167

88,267

71,445

54,266

38,554

53,993

84,271

49,362

20,643

73,756

24,993

22,535

13,138

38,828

30,525

28,960

12,094

Cash flow from investing activities:
Cash paid for business acquisitions, net of cash acquired

16,300

97,300

0

0

-3,200

2,433,100

11,300

4,622,100

200

19,200

5

0

-1,805

148,068

-8,122

0

317,554

-

-

-

-

-

-

-

-

-

-

-

-

2,626

6,984

957,520

19

714

5,065

27

14,771

Additions to property and equipment

8,500

15,000

21,000

10,700

16,300

5,100

6,100

15,200

7,200

5,700

10,432

13,378

5,990

9,030

5,277

10,785

2,808

4,138

3,712

3,501

2,249

3,161

2,419

6,702

2,758

1,988

2,209

5,680

2,044

8,348

4,022

3,585

1,232

1,785

1,335

1,536

1,566

Proceeds from sale of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-26

-45

2

-

-

-

-

-

-

-

-

6

6

48

7

-

-

-

-

-

-

-

-

Additions to capitalized software

18,000

16,300

18,600

16,100

16,400

26,200

12,800

12,600

3,900

2,300

2,464

2,359

3,277

3,463

2,831

1,137

2,169

903

1,578

864

928

829

984

848

856

829

1,142

226

202

465

318

237

85

142

189

536

539

Investments in securities

40,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sales / maturities of investments

6,900

19,000

23,600

11,700

10,800

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Collection of other non-current receivables

2,600

-

-

-

2,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net changes in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-983

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-87

-

-

-

-

Net cash used in investing activities

-73,300

-100,200

-13,600

-10,600

-16,100

-2,433,500

-20,300

-4,637,500

-11,300

-27,200

-12,902

-15,736

-7,462

-160,630

40

-12,881

-322,529

-119,401

-2,612,156

-12,228

-3,177

-90,886

-3,377

-7,549

-2,631

-6,468

-3,345

-5,858

-2,239

-11,065

-11,324

-961,342

-1,249

-3,790

-6,589

-2,099

-16,876

Cash flow from financing activities:
Cash received from debt borrowings

246,000

91,000

10,000

0

2,140,000

1,870,300

0

6,828,700

45,000

0

0

0

45,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-173

-770

1,289,980

15,000

-

-

-

-

Repayments of debt

95,900

585,700

224,200

276,500

2,278,400

284,900

233,300

2,516,500

106,300

174,700

84,400

148,200

105,200

114,950

113,225

125,500

29,825

80,000

649,448

130,000

44,000

38,000

67,000

62,000

45,000

62,000

75,000

57,000

45,000

59,000

76,600

260,000

30,000

172,840

30,377

20,779

67,054

Fees paid for debt extinguishment and refinancing activities

-

100

200

1,200

4,600

-

-

-

-

-

-

-

1,363

-

-

-

-

-

-

-

-

0

0

0

512

0

3,834

-862

-1,055

-

-

-

-

-

-

-

-

Net decrease in client funds obligations

-670,700

680,800

6,900

73,200

-79,300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

38,100

51,200

8,100

21,300

45,100

10,100

19,500

26,200

29,100

13,900

10,445

21,838

14,017

4,433

15,555

11,583

7,629

19,474

1,883

4,074

4,661

8,040

3,733

8,344

3,993

5,457

8,274

5,155

8,931

2,029

4,857

3,572

3,896

1,753

844

2,558

3,632

Withholding taxes paid related to equity award net share settlement

3,300

3,600

400

9,300

9,500

4,800

2,100

8,500

2,100

700

1,043

2,468

589

349

2,436

3,056

1,559

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from common stock issuance, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-39

52,010

Income tax benefit related to exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

1,225

21,215

15,586

8,174

21,819

6,076

2,226

2,839

4,719

2,500

5,782

2,453

12,398

6,855

2,262

2,679

668

1,271

1,056

536

45

5

3,183

1,701

Purchase of common stock for treasury

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3,837

3,894

3,492

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid on common stock

31,900

31,700

25,400

25,400

25,200

20,200

19,300

16,900

14,500

14,500

14,379

12,806

12,715

12,648

12,662

12,437

12,353

12,235

12,115

10,562

10,539

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-517,700

201,900

-285,500

-217,900

-211,900

1,964,500

-416,900

6,018,200

-48,800

-176,100

-90,777

-140,273

-60,850

-2,273

-91,836

-114,057

-27,934

-58,125

2,368,626

583,604

-47,039

38,765

-64,604

-51,768

-42,558

-45,088

-59,871

-50,445

-34,445

-56,476

-71,242

1,032,808

-10,568

-71,042

-29,528

-15,077

-9,711

Effect of exchange rate changes on cash, cash equivalents and restricted cash

-7,100

3,500

-2,200

-300

700

-8,400

4,400

-2,100

200

700

724

1,413

1,663

-2,720

-8

-384

-488

-841

-2,313

547

-2,198

-1,649

-1,904

200

536

458

-66

-1,311

-1,281

-310

3,356

-1,473

305

147

-875

23

485

Net decrease in cash, cash equivalents and restricted cash

-450,400

678,500

37,100

50,400

-89,900

-159,700

-230,100

1,428,400

10,000

-39,300

11,724

-18,663

-8,761

15,761

5,876

-6,604

-332,333

-68,310

-225,998

641,478

-21,247

34,497

1,560

-4,851

-6,099

2,895

20,989

-8,252

-17,322

5,905

-54,217

92,528

1,626

-35,857

-6,467

11,807

-14,008

Supplemental disclosure of non-cash investing activities:
Excess tax benefit related to stock option exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,710

-

-

-

-

-

-

-

-