Sykes Enterprises, Incorporated SYKE Cash Flow

Sykes enterprises, incorporated (SYKE)

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
Cash flows from operating activities:
Net income
66,312	64,081	58,109	53,756	49,665	48,926	14,842	22,785	24,452	32,216	67,280	66,855	67,148	62,390	64,398	63,138	66,912	68,597	71,064	67,692	63,117	57,791	46,288	43,796	41,055	37,260	39,550	33,546	35,698	28,423	20,211	30,183	34,406	48,341	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation
50,711	52,149	53,539	55,232	56,810	57,817	58,556	58,710	57,970	56,482	55,170	53,964	52,122	49,600	47,130	45,116	44,214	44,515	45,016	45,623	45,971	46,255	46,306	45,425	44,211	43,094	42,363	41,879	41,358	41,570	0	0	0	-	-	-	-
Amortization of intangibles
16,472	16,639	16,578	16,113	15,615	15,542	16,788	18,443	20,064	21,082	21,007	20,968	20,981	19,377	17,810	16,194	14,366	14,170	13,993	13,952	14,176	14,396	14,599	14,701	14,755	14,863	15,006	14,081	12,377	10,479	0	0	0	-	-	-	-
Amortization of deferred grants
-361	-351	-390	-494	-381	-657	-699	-686	-731	-716	-736	-775	-785	-845	-932	-976	-1,000	-973	-966	-960	-958	-1,348	-1,371	-1,404	-1,484	-1,148	0	0	0	-	-	-	-	-	-	-	-
Impairment losses
-	1,711	1,856	2,411	7,457	9,401	9,595	9,720	8,734	5,410	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	355	2,068	1,984	1,984	2,561	0	0	0
Depreciation and amortization, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Unrealized foreign currency transaction (gains) losses, net
2,403	2,304	2,548	1,076	464	843	3,643	4,430	3,072	4,671	459	-601	1,562	1,104	2,711	905	352	-318	-2,046	525	435	-119	-549	-2,453	-6,288	-6,302	-7,273	-5,210	-2,342	-2,131	1,173	-3,918	-2,735	-1,216	0	0	0
Stock-based compensation expense
7,366	7,396	7,820	7,883	7,356	7,543	8,509	6,639	7,227	7,621	7,372	9,782	11,068	10,779	10,701	11,194	8,935	8,749	7,836	7,974	7,623	6,381	5,721	4,374	4,963	4,873	3,937	3,796	3,012	3,467	3,282	2,830	2,951	3,582	0	0	0
Excess tax (benefit) from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	0	0
Deferred income tax provision (benefit)
725	282	-3,441	-2,254	-1,563	-1,509	742	-807	8,063	7,908	12,431	14,343	4,330	2,339	-474	-2,831	-1,795	2,515	2,933	5,373	4,242	4,865	2,663	4,959	5,052	-362	-1,687	-7,266	-6,607	-4,867	-4,106	-695	-4,371	-3,955	0	0	0
Net (gain) loss on disposal of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,030	-336	-277	-240	-201	-368	-490	-451	-391	-498	-292	3,236	3,035	0	0	0
Bad debt expense (reversals)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-181	-405	-182	184	483	707	595	687	1,115	1,016	1,084	1,214	532	0	0	0
Unrealized (gains) losses and premiums on financial instruments, net
285	1,059	401	124	-143	-805	-437	-485	550	98	-100	48	-792	-521	-2,388	-1,551	-1,447	-1,028	877	63	-1,332	-2,352	-2,200	-1,703	483	15	576	855	-634	1,361	-3,281	-2,417	-1,811	-4,138	0	0	0
(Earnings) losses from equity method investees
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred loan fees
-	-	-	-	-	269	269	269	269	269	269	269	269	269	268	268	405	403	401	398	259	259	259	259	259	259	259	260	287	368	449	531	585	585	0	0	0
Net (gain) on insurance settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Imputed interest expense and fair value adjustments to contingent consideration
-	-	-	-	-	-	-	-	-	-529	57	-2,638	-2,108	-1,496	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10,707	0	0	0	-	-	-	-
Other
-1,507	-950	-1,211	-1,341	-837	-834	-168	268	-17	34	-186	-273	-307	37	-47	-93	221	-172	-611	-263	-260	10	736	522	304	116	-149	-63	-328	-294	-188	9	190	-300	0	0	0
Changes in assets and liabilities, net of acquisitions:
Receivables, net
36,469	40,239	5,535	1,068	8,424	8,224	19,066	27,583	11,768	10,154	15,032	22,265	25,953	32,905	19,984	12,111	13,675	-2,499	14,859	13,925	24,481	40,276	20,801	-2,396	8,122	22,062	22,728	39,872	11,714	6,771	7,390	-19,157	3,411	-8,927	0	0	0
Prepaid expenses
5,957	284	803	1,201	453	1,690	2,433	1,910	-671	221	1,490	557	1,012	3,587	3,182	4,780	6,481	3,040	-1,705	-1,878	339	-336	1,484	-2,018	2,841	3,931	4,127	6,002	-4,388	-694	-3,328	870	1,867	1,042	0	0	0
Other current assets
-289	138	-431	-427	1,717	693	-1,989	1,594	875	1,433	5,359	2,937	3,630	3,398	4,562	-2,607	-4,758	6,972	4,354	13,026	11,882	6,673	6,468	5,007	4,195	1,177	5,493	1,696	2,165	-1,705	-7,231	-607	2,354	3,442	0	0	0
Deferred charges and other assets
10,023	12,197	13,303	14,631	14,086	13,621	3,994	2,108	1,587	930	1,034	785	1,145	1,286	722	1,311	1,173	-1,951	2,355	2,554	2,640	-3,545	-5,838	-4,557	-4,644	2,754	7,758	647	15,528	18,388	12,010	15,099	286	-1,630	0	0	0
Accounts payable
-3,010	2,099	-2,785	1,104	2,827	-1,571	2,859	-633	2,194	7,286	390	2,627	585	-2,938	467	218	-2,942	-124	-2,144	-3,939	-534	2,029	3,867	5,029	6,550	-1,282	-1,341	-2,950	-5,280	-1,589	-4,945	-5,381	-2,593	-6,898	0	0	0
Income taxes receivable / payable
-1,267	-81	3,239	235	2,220	-1,066	1,993	8,697	-3,579	1,137	-7,642	-9,360	5,501	4,999	1,328	-1,401	-3,811	-5,666	1,086	2,153	4,214	2,609	2,769	-481	-563	804	-2,475	85	2,075	1,555	665	-5,430	-1,113	-4,529	0	0	0
Accrued employee compensation and benefits
3,102	9,409	6,141	2,420	2,280	-6,418	-3,511	4,531	6,231	5,101	10,199	1,024	11,228	15,699	10,955	11,052	4,202	-1,481	4,145	2,753	8,550	5,179	8,972	11,847	8,789	9,140	2,334	2,161	-2,339	4,872	-323	-6,585	-7,261	2,450	0	0	0
Other accrued expenses and current liabilities
-255	3,465	-6,943	-3,402	-1,138	449	5,596	2,447	-84	-5,548	-2,911	-835	-1,814	5,090	4,398	-332	2,212	-1,564	-246	-3,073	-2,275	-5,026	-5,800	-3,831	-4,806	-2,025	4,620	10,029	8,997	11,476	9,549	2,798	3,693	-2,855	0	0	0
Deferred revenue and customer liabilities
-1,775	-4,521	-1,859	-3,903	-2,154	-1,623	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	5,328	-	3,342	3,405	1,624	-2,559	-1,454	-974	-2,358	2,147	1,746	974	3,802	2,826	1,362	2,287	275	-163	4,704	2,740	4,907	4,243	0	0	0
Other long-term liabilities
4,917	3,909	4,947	4,275	3,238	5,111	26,348	25,738	20,969	20,003	-2,792	-2,464	605	2,850	1,041	-1,153	919	-2,398	2,319	5,581	5,813	2,070	-2,722	-2,188	-2,813	925	11,141	2,217	1,422	1,252	-8,123	-185	-2,271	-2,636	0	0	0
Operating lease assets and liabilities
815	834	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
90,529	101,283	117,230	118,046	119,778	109,094	105,865	110,604	126,183	134,789	145,831	137,717	142,623	132,826	131,342	130,460	119,672	120,886	122,487	112,026	106,750	94,264	102,386	131,213	115,187	86,218	81,702	55,976	69,583	86,514	78,049	93,451	86,703	102,614	0	0	0
Cash flows from investing activities:
Capital expenditures
44,820	38,698	34,522	37,042	39,322	46,884	51,767	53,717	59,562	63,344	67,424	79,792	79,177	78,342	72,694	64,595	54,998	49,662	45,330	39,923	43,846	44,683	49,215	57,368	57,833	59,193	57,939	50,902	44,895	38,647	34,457	30,329	30,533	29,890	0	0	0
Proceeds from sale of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	592	-	3,673	3,611	3,673	3,639	382	376	370	388	-93	137	174	240	446	246	4,064	3,973	0	0	0
Investment in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	265	-	0	0	0	-	-	-	-	562	266	16	11	67	1,077	526	551	494	0	0	0
Release of restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	160	0	0	0	-	-	-	-	356	0	0	0	-	-	-	-
Cash divested on sale of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,100	0	0	0	-	-	-	-
Proceeds from property and equipment insurance settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Net investment hedge settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of intangible assets
-	-	-	-	-	8,156	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-386	-346	-1,395	-1,295	-1,458	-1,495	-750	-560	-93	-101	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used for) investing activities
-46,669	-40,587	-90,019	-119,692	-121,910	-136,940	-85,968	-77,022	-91,008	-87,277	-90,784	-86,856	-283,728	-272,755	-267,227	-267,538	-52,191	-56,958	-49,587	-35,829	-40,193	-40,891	-48,968	-57,378	-57,850	-59,367	-58,298	-197,874	-191,825	-194,084	-189,262	-37,576	-33,487	-24,361	0	0	0
Cash flows from financing activities:
Payments of long-term debt
70,000	58,000	48,000	59,000	65,000	231,000	0	0	0	-	-	-	-	-	-	-	-	10,000	14,000	14,000	22,000	23,000	26,000	34,000	25,000	25,000	0	0	0	-	-	-	-	-	-	-	-
Proceeds from issuance of long-term debt
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32,000	0	0	0	-	-	-	-	-	-	-	-
Excess tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	0	0
Cash paid for repurchase of common stock
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,879	27,946	21,945	15,112	12,581	0	0	0	-	-	-	-	7,908	15,224	51,942	50,681	49,993	0	0	0
Proceeds from grants
-	-	-	-	-	-	-	-	-	-	-	-	-	202	267	287	643	670	629	621	247	256	231	204	156	201	0	0	0	-	-	-	-	-	-	-	-
Shares repurchased for tax withholding on equity awards
2,954	3,214	1,280	1,274	1,274	3,687	3,709	3,704	4,278	3,882	3,859	3,861	3,823	4,916	5,322	6,972	6,574	3,326	2,936	1,284	1,183	437	555	556	519	227	93	93	93	1,412	1,412	1,412	1,412	1,190	0	0	0
Cash paid for loan fees related to long-term debt
-	1,098	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of contingent consideration related to acquisitions
-	-	-	-	-	-	-	-	-	5,760	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used for) financing activities
-74,145	-63,593	-37,670	-20,561	-9,360	-176,656	-189,643	-181,842	-176,784	-1,479	-21,852	-25,709	180,746	179,746	192,455	190,913	-27,128	-29,820	-40,329	-37,401	-37,933	-35,762	-31,674	-38,142	-23,334	1,554	1,638	108,329	108,533	80,911	80,453	-54,080	-52,047	-51,105	0	0	0
Effects of exchange rates on cash, cash equivalents and restricted cash
-1,207	1,851	-3,293	-2,669	-10,602	-10,072	-1,141	9,271	27,488	31,178	11,801	3,179	-12,623	-8,468	65	-2,971	5,468	-13,887	-15,492	-20,944	-25,058	-14,459	-8,870	1,393	-1,303	-3,742	-4,875	-3,684	-4,530	2,859	2,538	-8,985	-5,033	-5,855	0	0	0
Net increase (decrease) in cash, cash equivalents and restricted cash
-31,492	-1,046	-13,752	-24,876	-22,094	-214,574	-170,887	-138,989	-114,121	77,211	44,996	28,331	27,018	31,349	56,635	50,864	45,821	20,221	17,079	17,852	3,566	3,152	12,874	37,086	32,700	24,663	20,167	-37,253	-18,239	-23,800	-28,222	-7,190	-3,864	21,293	0	0	0
Supplemental disclosures of cash flow information:
Cash paid during period for interest
3,121	3,500	3,793	3,787	3,792	3,888	4,721	5,589	6,258	6,680	6,175	5,572	5,061	4,003	3,059	2,238	1,514	1,476	1,490	1,547	1,639	1,716	1,879	2,023	2,113	2,149	2,106	2,741	2,414	2,239	2,004	1,072	1,110	1,065	0	0	0
Cash paid during period for income taxes
24,986	24,049	22,349	20,070	17,695	19,587	18,596	19,394	26,173	24,342	25,883	24,567	17,906	18,764	23,757	27,465	28,642	30,467	24,881	21,450	18,370	16,560	17,024	17,749	15,668	16,889	15,453	14,999	28,465	28,822	32,071	34,845	23,184	24,631	0	0	0
Cash paid for amounts included in the measurement of operating lease liabilities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash transactions:
Net right-of-use assets arising from new or remeasured operating lease liabilities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property and equipment additions in accounts payable
6,455	5,970	4,598	1,970	1,183	1,944	3,341	4,951	5,651	6,056	8,787	7,444	10,696	10,692	6,871	7,607	7,702	4,941	7,884	7,032	3,666	5,512	4,337	4,287	6,564	6,002	4,788	6,393	5,465	3,782	4,358	2,287	2,415	2,434	0	0	0
Unrealized gain (loss) on postretirement obligation, net of taxes, in accumulated other comprehensive income (loss)
-31	-48	-9	70	75	80	146	75	77	80	139	65	67	67	69	146	73	75	-40	-54	-7	-28	-19	74	132	181	192	102	22	-36	-35	-138	-145	-113	0	0	0
Shares repurchased for tax withholding on equity awards included in current liabilities
0	-	-	-	0	-	-	-	0	-	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shares repurchased for minimum tax withholding on common stock and restricted stock under equity awards included in current liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-