Sykes Enterprises, Incorporated SYKE Cash Flow

Sykes enterprises, incorporated (SYKE)

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
Cash flows from operating activities:
Net income
13,918	23,020	18,105	11,269	11,687	17,048	13,752	7,178	10,948	-17,036	21,695	8,845	18,712	18,028	21,270	9,138	13,954	20,036	20,010	12,912	15,639	22,503	16,638	8,337	10,313	11,000	14,146	5,596	6,518	13,290	8,142	7,748	-757	5,078	18,114	11,971	13,178
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation
12,519	12,575	12,508	13,109	13,957	13,965	14,201	14,687	14,964	14,704	14,355	13,947	13,476	13,392	13,149	12,105	10,954	10,922	11,135	11,203	11,255	11,423	11,742	11,551	11,539	11,474	10,861	10,337	10,422	10,743	10,377	9,816	10,634	-	-	-	-
Amortization of intangibles
4,119	4,123	4,103	4,127	4,286	4,062	3,638	3,629	4,213	5,308	5,293	5,250	5,231	5,233	5,254	5,263	3,627	3,666	3,638	3,435	3,431	3,489	3,597	3,659	3,651	3,692	3,699	3,713	3,759	3,835	2,774	2,009	1,861	-	-	-	-
Amortization of deferred grants
85	-85	-85	-276	95	-124	-189	-163	-181	-166	-176	-208	-166	-186	-215	-218	-226	-273	-259	-242	-199	-266	-253	-240	-589	-289	-286	-320	-253	-	-	-	-	-	-	-	-
Impairment losses
-	0	0	129	1,582	145	555	5,175	3,526	339	680	4,189	202	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	84	122	0	149	1,797	38	0	726
Depreciation and amortization, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,364	14,034	14,232
Unrealized foreign currency transaction (gains) losses, net
-474	-87	1,788	1,176	-573	157	316	564	-194	2,957	1,103	-794	1,405	-1,255	43	1,369	947	352	-1,763	816	277	-1,376	808	726	-277	-1,806	-1,096	-3,109	-291	-2,777	967	-241	-80	527	-4,124	942	1,439
Stock-based compensation expense
1,860	1,802	1,504	2,200	1,890	2,226	1,567	1,673	2,077	3,192	-303	2,261	2,471	2,943	2,107	3,547	2,182	2,865	2,600	1,288	1,996	1,952	2,738	937	754	1,292	1,391	1,526	664	356	1,250	742	1,119	171	798	863	1,750
Excess tax (benefit) from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40	0	169	-	-	-	54	-	-	-	-	-	-	-	-	-	-	3	32
Deferred income tax provision (benefit)
973	1,985	-2,028	-205	530	-1,738	-841	486	584	513	-2,390	9,356	429	5,036	-478	-657	-1,562	2,223	-2,835	379	2,748	2,641	-395	-752	3,371	439	1,901	-659	-2,043	-886	-3,678	0	-303	-125	-267	-3,676	113
Net (gain) loss on disposal of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,225	-136	-11	-48	-141	-77	26	-9	-308	-199	65	51	-415	7	3,593	-150
Bad debt expense (reversals)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	309	-101	-395	6	85	122	-29	305	309	10	63	733	210	78	193	51
Unrealized (gains) losses and premiums on financial instruments, net
-280	514	241	-190	494	-144	-36	-457	-168	224	-84	578	-620	26	64	-262	-349	-1,841	901	-158	70	64	87	-1,553	-950	216	584	633	-1,418	777	863	-856	577	-3,865	1,727	-250	-1,750
(Earnings) losses from equity method investees
-615	-	-	-	-179	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred loan fees
-	-	-	-	-	68	67	67	67	68	67	67	67	68	67	67	67	67	67	204	65	65	64	65	65	65	64	65	65	65	65	92	146	146	147	146	146
Net (gain) on insurance settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	133	-	-	-	-
Imputed interest expense and fair value adjustments to contingent consideration
-	-	-	-	-	-	-	-	-	0	104	-234	-399	586	-2,591	296	213	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-10,707	-	-	-	-
Other
-710	-198	-335	-264	-153	-459	-465	240	-150	207	-29	-45	-99	-13	-116	-79	245	-97	-162	235	-148	-536	186	238	122	190	-28	20	-66	-75	58	-245	-32	31	255	-64	-522
Changes in assets and liabilities, net of acquisitions:
Receivables, net
-1,450	30,172	8,853	-1,106	2,320	-4,532	4,386	6,250	2,120	6,310	12,903	-9,565	506	11,188	20,136	-5,877	7,458	-1,733	12,263	-4,313	-8,716	15,625	11,329	6,243	7,079	-3,850	-11,868	16,761	21,019	-3,184	5,276	-11,397	16,076	-2,565	-21,271	11,171	3,738
Prepaid expenses
4,570	7	-845	2,225	-1,103	526	-447	1,477	134	1,269	-970	-1,104	1,026	2,538	-1,903	-649	3,601	2,133	-305	1,052	160	-2,612	-478	3,269	-515	-792	-3,980	8,128	575	-596	-2,105	-2,262	4,269	-3,230	2,093	-1,265	3,444
Other current assets
-68	161	-919	537	359	-408	-915	2,681	-665	-3,090	2,668	1,962	-107	836	246	2,655	-339	2,000	-6,923	504	11,391	-618	1,749	-640	6,182	-823	288	-1,452	3,164	3,493	-3,509	-983	-706	-2,033	3,115	1,978	382
Deferred charges and other assets
-213	8,784	217	1,235	1,961	9,890	1,545	690	1,496	263	-341	169	839	367	-590	529	980	-197	-1	391	-2,144	4,109	198	477	-8,329	1,816	1,479	390	-931	6,820	-5,632	15,271	1,929	442	-2,543	458	13
Accounts payable
-5,124	4,803	120	-2,809	-15	-81	4,009	-1,086	-4,413	4,349	517	1,741	679	-2,547	2,754	-301	-2,844	858	2,505	-3,461	-26	-1,162	710	-56	2,537	676	1,872	1,465	-5,295	617	263	-865	-1,604	-2,739	-173	1,923	-5,909
Income taxes receivable / payable
478	2,043	3,101	-6,889	1,664	5,363	97	-4,904	-1,622	8,422	6,801	-17,180	3,094	-357	5,083	-2,319	2,592	-4,028	2,354	-4,729	737	2,724	3,421	-2,668	-868	2,884	171	-2,750	499	-395	2,731	-760	-21	-1,285	-3,364	3,557	-3,437
Accrued employee compensation and benefits
559	-6,576	9,496	-377	6,866	-9,844	5,775	-517	-1,832	-6,937	13,817	1,183	-2,962	-1,839	4,642	11,387	1,509	-6,583	4,739	4,537	-4,174	-957	3,347	10,334	-7,545	2,836	6,222	7,276	-7,194	-3,970	6,049	2,776	17	-9,165	-213	2,100	9,728
Other accrued expenses and current liabilities
-1,541	410	1,827	-951	2,179	-9,998	5,368	1,313	3,766	-4,851	2,219	-1,218	-1,698	-2,214	4,295	-2,197	5,206	-2,906	-435	347	1,430	-1,588	-3,262	1,145	-1,321	-2,362	-1,293	170	1,460	4,283	4,116	-862	3,939	2,356	-2,635	33	-2,609
Deferred revenue and customer liabilities
-761	-2,673	587	1,072	-3,507	-11	-1,457	2,821	-2,976	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-66	-	1,608	2,674	949	-1,889	1,671	893	-3,234	-784	2,151	-491	1,271	-1,185	1,379	2,337	295	-2,649	2,304	325	-143	2,218	340	2,492	-807
Other long-term liabilities
1,206	2,243	580	888	198	3,281	-92	-149	2,071	24,518	-702	-4,918	1,105	1,723	-374	-1,849	3,350	-86	-2,568	223	33	4,631	694	455	-3,710	-161	1,228	-170	28	10,055	-7,696	-965	-142	680	242	-3,051	-507
Operating lease assets and liabilities
1,188	58	361	-792	1,207	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
28,549	3,697	41,250	17,033	39,303	19,644	42,066	18,765	28,619	16,415	46,805	34,344	37,225	27,457	38,691	39,250	27,428	25,973	37,809	28,462	28,642	27,574	27,348	23,186	16,156	35,696	56,175	7,160	-12,813	31,180	30,449	20,767	4,118	22,715	45,851	14,019	20,029
Cash flows from investing activities:
Capital expenditures
11,818	14,207	8,101	10,694	5,696	10,031	10,621	12,974	13,258	14,914	12,571	18,819	17,040	18,994	24,939	18,204	16,205	13,346	16,840	8,607	10,869	9,014	11,433	12,530	11,706	13,546	19,586	12,995	13,066	12,292	12,549	6,988	6,818	8,102	8,421	7,192	6,175
Proceeds from sale of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	26	-	64	3	50	3,556	2	65	16	299	-4	59	34	-182	226	96	100	24	26	3,914	9
Investment in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	225	-	33	0	5	-	-	-	-	300	251	4	7	4	1	-1	63	1,014	-550	24	6
Release of restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	69	8	-	-	-	-	-8	0	0	168	-	-	-	-	0	0	0	356	-	-	-	-
Cash divested on sale of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	9,100	-	-	-	-
Proceeds from property and equipment insurance settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	227	-	-	-	-
Net investment hedge settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	10,339	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of intangible assets
-	-	-	-	-	50	500	101	7,505	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-5	252	-314	-319	35	-797	-214	-482	-2	-52	-24	-15	-10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used for) investing activities
-11,813	-16,402	-8,079	-10,375	-5,731	-65,834	-37,752	-12,593	-20,761	-14,862	-28,806	-26,579	-17,030	-18,369	-24,878	-223,451	-6,057	-12,841	-25,189	-8,104	-10,824	-5,470	-11,431	-12,468	-11,522	-13,547	-19,841	-12,940	-13,039	-12,478	-159,417	-6,891	-15,298	-7,656	-7,731	-2,802	-6,172
Cash flows from financing activities:
Payments of long-term debt
21,000	21,000	19,000	9,000	9,000	11,000	30,000	15,000	175,000	-	-	-	-	-	-	-	-	0	0	9,000	1,000	4,000	0	17,000	2,000	7,000	8,000	8,000	2,000	-	-	-	-	-	-	-	-
Proceeds from issuance of long-term debt
23,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	10,000	22,000	-	-	-	-	-	-	-	-
Excess tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40	0	169	-	-	-	54	-	-	-	-	-	-	-	-	-	-	3	32
Cash paid for repurchase of common stock
22,909	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	164	8,746	6,833	5,136	7,231	2,745	0	2,605	-	-	-	-	0	447	1,261	6,200	7,316	37,165	0	5,512
Proceeds from grants
-	-	-	-	-	-	-	-	-	-	-	-	-	51	62	67	22	116	82	423	49	75	74	49	58	50	47	1	103	-	-	-	-	-	-	-	-
Shares repurchased for tax withholding on equity awards
1,009	1,935	10	0	1,269	1	4	0	3,682	23	-1	574	3,286	0	1	536	4,379	406	1,651	138	1,131	16	-1	37	385	134	0	0	93	0	0	0	1,412	0	0	0	1,190
Cash paid for loan fees related to long-term debt
-	0	0	7	1,091	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of contingent consideration related to acquisitions
-	-	-	-	-	-	-	-	-	1,000	232	4,402	126	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	2	-6	-	4	18	20	-	32	52	55	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used for) financing activities
-21,918	-5,935	-25,109	-21,183	-11,366	19,988	-8,000	-9,982	-178,662	7,001	-199	-4,924	-3,357	-13,372	-4,056	201,531	-4,357	-663	-5,598	-16,510	-7,049	-11,172	-2,670	-17,042	-4,878	-7,084	-9,138	-2,234	20,010	-7,000	97,553	-2,030	-7,612	-7,458	-36,980	3	-6,670
Effects of exchange rates on cash, cash equivalents and restricted cash
-3,920	3,258	-2,062	1,517	-862	-1,886	-1,438	-6,416	-332	7,045	8,974	11,801	3,358	-12,332	352	-4,001	7,513	-3,799	-2,684	4,438	-11,842	-5,404	-8,136	324	-1,243	185	2,127	-2,372	-3,682	-948	3,318	-3,218	3,707	-1,269	-8,205	734	2,885
Net increase (decrease) in cash, cash equivalents and restricted cash
-9,102	-15,382	6,000	-13,008	21,344	-28,088	-5,124	-10,226	-171,136	15,599	26,774	14,642	20,196	-16,616	10,109	13,329	24,527	8,670	4,338	8,286	-1,073	5,528	5,111	-6,000	-1,487	15,250	29,323	-10,386	-9,524	10,754	-28,097	8,628	-15,085	6,332	-7,065	11,954	10,072
Supplemental disclosures of cash flow information:
Cash paid during period for interest
567	702	924	928	946	995	918	933	1,042	1,828	1,786	1,602	1,464	1,323	1,183	1,091	406	379	362	367	368	393	419	459	445	556	563	549	481	513	1,198	222	306	278	266	260	261
Cash paid during period for income taxes
3,799	5,864	5,618	9,705	2,862	4,164	3,339	7,330	4,754	3,173	4,137	14,109	2,923	4,714	2,821	7,448	3,781	9,707	6,529	8,625	5,606	4,121	3,098	5,545	3,796	4,585	3,823	3,464	5,017	3,149	3,369	16,930	5,374	6,398	6,143	5,269	6,821
Cash paid for amounts included in the measurement of operating lease liabilities
13,578	-	-	-	13,146	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash transactions:
Net right-of-use assets arising from new or remeasured operating lease liabilities
9,095	-	-	-	6,581	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property and equipment additions in accounts payable
4,154	866	2,441	-1,006	3,669	-506	-187	-1,793	4,430	891	1,423	-1,093	4,835	3,622	80	2,159	4,831	-199	816	2,254	2,070	2,744	-36	-1,112	3,916	1,569	-86	1,165	3,354	355	1,519	237	1,671	931	-552	365	1,690
Unrealized gain (loss) on postretirement obligation, net of taxes, in accumulated other comprehensive income (loss)
22	-63	5	5	5	-24	84	10	10	42	13	12	13	101	-61	14	13	103	16	-59	15	-12	2	-12	-6	-3	95	46	43	8	5	-34	-15	9	-98	-41	17
Shares repurchased for tax withholding on equity awards included in current liabilities
33	-	-	-	102	-	-	-	357	-	4	-233	352	-	-	-436	487	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shares repurchased for minimum tax withholding on common stock and restricted stock under equity awards included in current liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-31	-1	127	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-