Syntel inc (SYNT)
CashFlow / Quarterly
Jun'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 FLOWS FROM OPERATING ACTIVITIES:
Net income

41,148

45,639

42,403

48,833

36,652

38,380

47,991

-217,229

58,791

53,057

74,235

77,691

60,579

40,021

70,702

61,606

59,284

58,148

66,305

59,417

47,512

46,424

49,927

51,482

43,389

40,745

43,960

26,207

27,640

25,049

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

3,021

3,135

3,309

3,376

3,732

3,710

3,784

3,771

3,676

3,686

3,947

3,871

3,759

3,990

3,777

4,174

3,987

4,204

3,761

3,706

3,642

3,365

3,365

3,425

3,475

4,180

4,097

4,696

4,183

3,904

Provision/(Recoveries) for doubtful accounts / advances

-430

50

-1,321

5

35

1,314

238

40

8

30

-

-

-

-

-

-

-5

48

68

56

41

107

13

4

520

564

-

-

-

-

Realized gains on sales of short term investments

514

362

687

276

301

230

329

2,984

1,777

700

8,359

4,211

3,552

2,674

8,260

1,272

2,425

2,662

1,063

532

461

1,544

1,313

559

537

603

638

380

932

589

Deferred income taxes

1,172

1,834

666

5,120

1,688

2,256

23

-8,050

-481

2,998

2,900

378

1,660

-855

1,699

2,303

784

839

2,625

610

1,179

1,413

4,444

-2,478

-1,338

715

123

2,516

220

1,754

Compensation expense related to restricted stock

1,431

1,876

1,866

2,140

2,116

2,469

2,814

1,652

1,861

1,821

2,093

1,690

1,625

1,789

1,838

1,606

1,587

1,426

1,412

1,153

1,156

1,011

1,000

943

926

856

735

725

572

652

Unrealized foreign exchange (income) loss

-947

-630

-88

-1,542

-1,486

3,723

-2,872

2,565

1,007

-1,413

515

608

1,349

-2,265

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Uncertain tax positions and other tax credits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10

Changes in assets and liabilities:
Accounts receivable and revenue earned in excess of billings

4,236

13,657

3,693

9,822

-13,972

-2,783

-662

-17,042

8,294

-9,553

9,803

14,550

-4,005

19,122

-4,387

17,518

3,321

9,225

-3,865

7,480

25,783

12,385

1,827

-14,262

12,763

9,737

-

-

-

-

Other current assets

-9,740

4,716

-5,534

8,512

-8,208

1,721

5,692

-15,106

-1,699

6,960

-19,004

762

1,430

19,234

-9,011

-6,297

8,095

14,605

-5,826

8,836

1,802

12,022

-1,689

11,956

-7,600

13,084

-

-

-

-

Accounts receivable and revenue earned in excess of billings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,696

4,107

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,059

3,067

2,752

Accrued payroll and other liabilities

14,875

6,777

-5,291

19,493

-368

-13,036

-52,007

51,849

7,385

-8,389

-15,263

19,449

15,684

-11,672

4,588

5,789

13,118

-7,206

5,944

-347

23,659

-558

15,996

262

8,197

-4,713

-2,622

27,036

7,582

-4,597

Deferred revenue

409

-56

-197

-1,442

-1,246

-1,849

4,632

-743

245

-3,931

4,613

265

666

-1,002

-1,188

1,069

301

-1,696

2,003

-51

334

-2,110

-312

641

-1,073

-3,976

2,323

-991

2,763

-3,769

Net cash provided by operating activities

65,219

37,482

42,859

50,217

62,598

25,841

4,711

-126,011

63,068

46,582

67,604

82,442

78,259

-4,784

82,755

59,405

63,647

27,593

85,496

46,476

47,119

20,875

64,341

59,758

51,072

13,517

36,762

31,425

28,818

12,047

CASH FLOWS FROM INVESTING ACTIVITIES:
Property and equipment expenditures

1,623

2,170

1,988

2,188

1,838

2,596

2,145

6,235

5,723

3,410

3,161

3,721

5,720

4,411

5,957

5,142

4,308

3,811

6,643

4,297

4,366

5,189

9,397

11,653

6,385

4,820

774

6,215

10,313

20,930

Proceeds from sale of property and equipment

64

115

69

110

19

75

117

71

99

58

19

89

59

24

2

0

37

27

0

15

0

31

-

-

-

331

-

-

-

-

Purchase of mutual funds

87,152

81,200

63,462

69,587

60,241

53,370

57,389

34,601

52,654

40,048

146,238

21,587

16,914

36,358

100,011

48,172

174,605

27,003

42,698

40,707

159,747

50,858

66,340

84,332

62,338

57,675

31,253

81,238

61,837

39,501

Purchase of term deposits with banks

348

816

71

733

473

339

68

4,601

131,003

88,232

158,209

153,750

60,105

74,704

371,306

80,587

59,619

71,829

162,808

65,574

61,000

106,207

132,162

31,192

37,348

76,414

115,124

35,275

5,550

50,252

Proceeds from sales of mutual funds

67,283

77,351

71,765

62,492

57,975

46,787

57,182

106,847

64,620

70,559

115,526

70,292

58,599

59,666

115,438

58,292

81,387

50,181

38,739

39,327

40,325

82,445

86,053

48,925

45,559

58,067

38,005

65,947

62,291

52,789

Maturities of term deposits with banks

415

232

0

3,963

842

2,839

1,646

305,333

146,196

168,649

152,533

30,195

158,020

145,903

259,582

71,724

46,575

67,836

115,504

37,257

38,754

97,204

109,968

34,292

180

50,433

87,243

27,300

7,089

37,934

Net cash used in investing activities

-21,361

-6,488

6,313

-5,943

-3,716

-6,604

-657

366,814

21,535

107,576

-39,530

-78,482

133,939

90,120

-102,252

-3,885

-110,533

15,401

-57,906

-33,979

-146,034

17,426

-11,888

-42,505

-60,663

-30,078

-21,916

-29,468

-8,320

-19,960

CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of loans and borrowings

5,625

85,625

29,375

10,000

48,750

52,500

-

-

-

-

2,250

2,250

2,250

1,875

1,875

1,875

1,875

1,500

1,500

1,500

51,500

0

-

-

-

-

-

-

-

-

Excess tax benefits on stock-based compensation plans

-

-

-

-

-

-

-

145

1

22

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividend paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

98,732

2,503

2,502

2,494

2,497

2,506

2,496

2,493

Net cash used in financing activities

-5,625

-85,625

-29,470

-26,078

-48,750

-52,500

9,835

-879,256

-32,874

22

-2,063

-2,475

-1,955

-1,875

-1,875

-1,340

-1,382

-1,500

-844

-1,500

98,500

0

-48,703

-1,858

-2,502

-2,494

-2,497

-2,502

-2,498

-2,493

Effect of foreign currency exchange rate changes on cash

-1,635

10

875

-226

429

1,817

-801

1,251

-7,737

3,775

-2,416

-14,464

-2,144

615

-2,418

-3,575

-2,678

1,588

1,771

2,927

5,535

-1,727

4,197

-3,535

3,059

-1,724

3,107

2,061

132

1,425

Change in cash, cash equivalents and restricted cash

36,598

-54,621

-

-

10,561

-31,446

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in cash and cash equivalents

-

-

-

-

-

-

13,088

-637,202

43,992

157,955

23,595

-12,979

208,099

84,076

-23,790

50,605

-50,946

43,082

28,517

13,924

5,120

36,574

7,947

11,860

-9,034

-20,779

15,456

1,516

18,132

-8,981

Supplemental disclosures of cash flow information:
Cash dividends declared but unpaid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3

2,494

0

-260

0

2,754

Cash paid for income taxes

-

7,110

-

-

-

10,687

66,498

225,792

18,826

18,714

25,968

25,185

10,560

16,081

22,163

19,663

14,189

17,024

18,712

21,109

10,847

12,299

13,322

16,336

10,961

7,977

19,344

2,741

5,667

858

Cash paid for interest

-

2,459

-

-

-

4,183

1,952

224

582

570

557

546

559

553

561

587

558

585

621

618

144

218

-

0

0

0

-

-

-

-