Stamps.com inc (STMP)
CashFlow / TTM
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
Operating activities:
Net income

59,968

59,229

81,556

105,821

137,353

168,642

166,181

178,993

164,509

150,603

139,431

111,878

95,129

75,229

46,130

34,732

10,010

-4,198

4,775

6,973

28,578

36,882

46,851

46,142

43,581

44,153

34,579

32,793

30,103

38,557

42,645

40,196

39,950

26,265

0

0

0

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

27,420

27,868

28,380

27,547

25,793

24,092

22,250

21,432

21,552

21,444

21,285

21,000

19,921

19,152

16,455

12,951

10,323

7,702

6,809

6,627

5,866

4,833

3,909

3,133

2,785

2,538

2,349

2,117

1,903

1,649

1,338

1,105

957

885

0

0

0

Stock-based compensation expense

44,759

42,891

40,417

37,575

37,658

36,349

33,510

35,933

37,010

40,829

42,863

40,351

37,800

33,949

31,546

25,785

20,769

15,895

11,501

8,900

6,425

4,799

3,326

4,211

4,366

4,492

4,384

3,923

3,810

3,991

3,989

4,112

3,946

3,419

0

0

0

Deferred income tax expense (benefit)

-

-

-

-

-

12,580

10,095

4,016

5,871

7,816

15,549

23,406

29,131

33,623

24,188

18,852

5,356

-3,408

-10,447

-16,125

-15,009

-13,554

0

0

0

-

-

-

-

-14,424

-20,390

-20,390

-20,391

-8,475

0

0

0

Stock option windfall tax benefit

-

-

-

-

-

-

-

-

-

-

-

-

-

26,784

10,389

925

724

618

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of debt issuance costs

373

373

373

372

372

372

372

372

372

372

372

372

372

372

310

217

124

31

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47,419

33,940

32,880

19,285

8,773

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities, net of assets and liabilities acquired:
Accounts receivable

-20,058

-9,052

-29,114

-6,388

-25,921

-7,015

33,296

1,541

30,098

18,041

-7,534

18,621

18,456

6,510

33,353

21,180

20,086

32,480

4,750

5,109

375

-5,787

474

-2,317

372

3,072

-2,226

1,049

3,173

3,966

4,776

3,040

1,275

5,598

0

0

0

Prepaid expenses

1,963

7,815

6,951

8,977

7,220

5,660

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current assets

15,369

12,024

-5,088

5,742

3,238

886

-19,028

-9,356

-1,101

168

31,703

9,317

715

1,443

1,078

3,310

4,456

1,737

1,396

-147

-834

-557

380

-54

301

834

977

2,006

1,299

-110

308

381

201

1,461

0

0

0

Current income taxes

-1,503

-8,176

-23,717

-23,077

-19,925

-13,879

23,717

23,204

21,648

22,344

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease right-of-use assets

-3,494

-3,185

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

15,042

9,091

11,396

5,914

6,514

5,124

1,981

2,656

2,195

2,755

-2,250

-1,453

-3,935

-3,815

-937

-2,190

-1,519

-678

1,818

1,651

4,445

3,208

2,420

2,642

1,029

1,034

806

981

682

209

647

273

235

517

0

0

0

Deferred revenue

657

790

2,180

3,291

2,294

2,150

834

71

18

13

-2,578

-1,607

78

-195

2,739

2,107

419

779

440

411

328

210

-47

-121

-161

-107

-167

-329

-342

-366

-462

-306

-2,472

-2,295

0

0

0

Lease right-of-use liabilities

-3,446

-3,400

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

6,856

6,826

12,017

13,092

12,907

12,880

7,493

6,588

6,182

5,310

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and other current liabilities

22,523

12,517

10,629

-12,986

-2,656

9,792

13,660

28,983

24,033

15,944

18,432

5,552

12,853

20,135

16,232

6,783

15,624

16,053

7,986

18,187

8,862

6,646

4,274

2,410

2,224

-667

544

2,212

1,254

1,948

2,242

2,615

3,527

3,064

0

0

0

Net cash provided by operating activities

150,367

137,153

216,641

194,052

254,237

276,081

208,852

255,687

204,317

197,823

193,126

144,694

150,074

148,047

115,109

101,514

75,785

46,116

47,040

51,240

50,349

51,725

42,207

42,157

41,380

35,756

39,623

34,171

29,066

27,290

23,631

23,638

23,806

15,287

0

0

0

Investing activities:
Sale of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

8,484

9,494

6,187

5,845

6,424

4,072

6,154

7,371

6,556

8,423

6,292

6,293

6,159

4,178

5,202

1,925

1,621

8,846

10,263

11,161

10,831

0

0

0

Purchase of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,438

3,575

3,640

6,277

6,536

4,159

6,197

7,001

6,454

8,257

6,196

6,675

6,473

4,457

4,444

599

8

0

0

0

Sale of long-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

95

1,445

1,445

1,455

2,586

3,664

3,678

6,301

6,627

4,438

6,544

7,512

6,949

9,919

7,987

8,426

8,254

5,103

6,654

2,899

3,473

0

0

0

Purchase of long-term investments

-

-

-

-

-

-

-

-

-

4

4

4

4

15

15

15

15

0

19

19

19

2,887

7,274

13,092

13,092

10,258

5,957

189

246

5,703

7,580

7,530

7,473

1,982

0

0

0

Release of restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-500

0

0

0

500

0

0

0

Acquisition of property and equipment

3,915

2,256

3,060

2,285

2,713

2,898

2,428

3,676

4,195

6,813

10,819

11,409

10,531

7,750

3,542

1,762

2,443

2,291

2,215

2,765

1,884

2,858

0

0

0

-

-

7,499

12,643

26,481

25,671

22,975

16,511

1,308

0

0

0

Net cash used in investing activities

-3,915

-2,256

-3,060

-210,785

-211,213

-211,398

-210,928

-3,676

-2,683

-5,305

-7,797

-60,467

-58,445

-55,206

-264,110

-210,183

-211,177

-209,884

1,858

-17,741

-64,540

-69,130

-71,710

-58,930

-11,162

-8,886

-5,834

-695

-9,213

-28,282

-23,759

-18,032

-10,523

10,506

0

0

0

Financing activities:
Net proceeds from (repayments of) short-term financing obligations

-1,303

-22,818

-2,548

2,067

1,681

6,593

2,720

1,513

1,260

1,653

-861

1,207

3,483

2,241

14,211

11,926

8,384

13,313

1,815

1,897

3,142

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on term loan

11,343

10,828

10,311

9,796

9,280

8,764

8,249

7,733

7,218

6,703

6,188

5,672

5,155

4,639

4,123

3,092

2,062

1,031

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on revolving credit facility

-

-

-

-

-

-

-

-

-

71,990

10,000

10,000

20,000

10,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

9,486

3,049

4,638

9,029

30,087

47,338

60,690

75,440

63,954

63,119

51,250

34,568

26,533

12,969

12,720

12,862

15,344

10,887

9,632

7,259

3,519

3,314

3,629

8,870

13,444

13,425

13,561

8,271

6,062

7,306

21,295

28,729

26,630

25,038

0

0

0

Issuance of common stock under Employee Stock Purchase Plan

2,667

2,817

2,818

3,875

3,875

3,756

3,755

3,449

3,449

2,937

2,937

2,542

2,542

2,181

2,180

1,886

-238

1,554

1,555

1,358

3,482

1,238

1,238

1,253

1,253

1,114

1,112

1,006

1,006

915

707

517

519

506

0

0

0

Stock option windfall tax benefit

-

-

-

-

-

-

-

-

-

-

-

-

-

26,784

10,389

925

724

618

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

41,468

64,889

142,987

148,849

141,473

136,840

83,061

86,021

117,233

133,764

136,287

138,480

121,039

80,571

47,411

30,010

3,428

0

0

0

0

-

-

-

-

4,311

16,152

36,051

33,537

31,740

19,899

265

3,129

5,321

0

0

0

Payments related to tax withholding for share-based compensation

0

93

93

93

93

4,144

4,144

4,144

4,943

799

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-41,961

-92,762

-148,483

-156,483

-127,919

-104,777

-102,995

-79,486

-122,721

-145,547

-82,935

-90,157

-86,958

-51,035

140,586

147,117

181,344

187,961

13,002

10,514

-2,745

-8,336

-8,021

-2,765

12,183

10,228

-1,479

-26,774

-26,469

-23,519

2,103

28,981

24,020

20,223

0

0

0

Effect of exchange rate changes

208

415

125

61

-28

-52

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

104,699

42,550

65,223

-173,155

-84,923

-40,146

-105,274

172,525

78,913

46,971

102,394

-5,930

4,671

41,806

-8,415

38,448

45,952

24,193

61,900

44,013

-16,936

-25,741

-37,524

-19,538

42,401

37,098

32,310

6,702

-6,616

-24,511

1,975

34,587

37,303

46,016

0

0

0

Supplemental information:
Accrual for payment of employee income taxes

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures accrued but not paid at period end

-

-

-

-

-

-

-

-

-

30

1,251

759

1,891

1,250

194

939

59

78

-28

-3

-9

6

413

381

-62

572

1,849

2,500

2,199

2,294

0

0

0

-

-

-

0

Tenant improvement allowance

-

-

-

-

-

-

-

-

-

848

848

848

1,031

676

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes paid (refunded), net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

956

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for amounts included in the measurement of lease liabilities included in cash provided by operating activities

5,078

4,935

3,530

2,239

1,132

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease liabilities arising from obtaining right-of-use assets

4,141

8,771

8,649

6,785

5,482

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of 2015 earn-out shares

-

-

-

-

-

-

-

-

-

-

-

-

-

63,209

63,209

63,209

63,209

9,225

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non cash adjustment of purchase price allocation for Endicia acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

372

372

372

372

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Endicia
Business acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

573

214,738

214,738

214,738

214,165

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-