Trueblue, inc. (TBI)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jul'18Apr'18Dec'17Sep'17Jun'17Mar'17Jan'17Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Cash flows from operating activities:
Net income (loss)

-95,697

63,073

69,245

66,949

65,275

65,754

67,294

64,135

59,537

55,456

57,116

59,324

-17,545

-15,251

-5,170

-8,509

72,499

71,247

70,104

70,925

69,735

65,675

53,162

51,201

47,656

44,924

37,827

33,224

31,023

33,629

33,778

33,345

31,555

30,791

27,186

23,491

20,607

19,839

0

0

0

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

36,691

37,549

38,800

40,637

40,911

41,049

42,242

42,845

45,031

46,115

46,669

47,170

46,577

46,692

45,101

43,909

42,612

41,843

40,763

39,983

34,833

29,474

25,465

20,518

20,474

20,472

19,867

19,756

19,281

18,890

18,551

18,096

17,230

16,384

16,569

16,238

20,385

16,468

0

0

0

Goodwill and intangible asset impairment charge

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for doubtful accounts

0

-

-

-

-

10,042

10,627

8,760

7,571

6,808

8,268

7,706

8,446

8,308

9,010

7,377

6,695

7,132

6,679

9,505

10,073

11,815

12,897

11,934

13,898

12,063

11,474

11,387

7,597

6,994

6,519

6,535

7,111

6,638

6,754

5,955

8,731

8,158

0

0

0

Provision for doubtful accounts

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

7,671

9,769

12,443

13,153

14,073

13,876

11,135

8,581

7,849

7,744

8,081

8,467

9,488

9,363

10,263

11,376

10,893

11,103

10,432

11,833

11,564

11,051

10,886

8,805

8,408

8,412

8,077

7,665

7,895

7,917

8,117

8,181

7,759

7,432

7,330

7,341

9,731

7,159

0

0

0

Deferred income taxes

-25,378

1,263

-3,509

-909

-90

-1,929

188

838

3,084

2,440

3,409

-976

-23,546

-25,355

-12,669

-14,691

4,392

5,176

557

15,214

13,797

12,663

3,927

-5,368

-1,704

-3,844

206

542

524

3,091

-1,618

-3,916

-3,606

-1,910

4,235

4,531

6,010

5,322

0

0

0

Non-cash lease expense

15,021

14,823

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other operating activities

-5,627

1,589

-2,927

-2,980

-3,885

-5,154

-151

-429

-697

-2,349

-5,031

-7,668

-7,976

-7,910

-6,029

-2,032

-1,776

-446

-1,066

-1,630

-1,017

-898

-755

-1,214

-1,501

-2,116

-1,963

-1,822

-2,527

-1,946

-1,194

-984

1,401

473

814

624

-325

202

0

0

0

Changes in operating assets and liabilities:
Accounts receivable

-24,299

-5,450

-11,984

-26,914

4,481

-11,640

12,245

39,520

34,881

28,483

24,135

-8,598

-14,795

-112,785

-19,845

5,268

9,818

89,474

57,835

30,543

20,167

77,629

5,796

10,833

-786

4,181

11,656

16,998

23,867

20,408

15,236

27,313

31,089

51,824

47,363

33,149

23,900

11,604

0

0

0

Income tax receivable

2,400

6,480

-411

-1,710

7,483

996

-22,274

-27,344

-27,282

-14,875

18,220

7,040

4,273

9,450

-22,333

-10,475

-2,879

-16,678

7,156

-4,308

-8,320

-5,696

-13,872

-323

1,590

-4,113

626

-8,379

-6,921

-3,748

-1,231

6,982

5,814

3,513

2,267

131

-4,598

-3,338

0

0

0

Other assets

1,343

12,575

10,267

13,878

16,238

12,928

13,127

4,210

302

-5,289

-10,339

-6,022

-7,765

-470

6,276

7,447

14,562

6,398

4,536

5,821

2,534

7,361

9,148

7,748

7,923

7,341

5,325

2,957

2,039

1,214

3,556

-2,685

626

1,244

-740

2,884

269

727

0

0

0

Accounts payable and other accrued expenses

-11,644

6,921

-7,120

-17,280

-1,617

3,029

-3,694

9,291

2,126

-7,657

-1,121

-18,036

-9,435

-4,101

2,044

18,096

9,211

23,261

10,457

-2,198

-1,007

-8,683

1,449

3,338

91

-3,592

-2,298

-2,799

-2,822

1,524

-17,117

-6,631

5,326

5,423

18,892

10,034

-1,798

747

0

0

0

Accrued wages and benefits

-10,961

-9,494

-6,303

-4,857

-1,754

-1,613

2,012

424

3,233

-2,713

-4,235

-976

-7,231

-7,313

-1,366

-1,297

49

12,203

11,011

9,381

6,690

12,069

-3,689

-5,405

-6,324

-3,643

2,989

922

2,366

-182

7,008

10,627

8,611

10,793

10,225

3,353

6,447

2,752

0

0

0

Workers’ compensation claims reserve

-8,611

-10,828

-6,648

-5,751

-7,678

-7,877

-11,438

-11,050

-3,670

-1,048

1,117

3,999

5,382

11,070

16,650

18,111

18,308

14,736

11,071

6,834

1,477

1,579

7,606

7,484

9,571

9,859

601

4,447

5,171

3,746

9,732

6,718

4,203

4,537

-1,543

-983

-2,734

-2,195

0

0

0

Operating lease liabilities

-15,575

-15,178

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

-2,436

3,166

1,952

765

2,122

491

-1,865

2,439

-1,892

-1,041

528

1,344

4,878

4,182

332

-2,773

-2,359

-2,525

1,014

2,866

2,632

1,670

8,826

7,834

7,216

6,710

281

47

-7

138

953

918

935

529

-673

-685

-509

-406

0

0

0

Net cash provided by operating activities

99,625

93,531

109,604

113,230

102,371

125,692

87,978

85,368

90,851

100,134

129,287

141,625

155,367

261,754

165,004

149,710

136,817

72,072

107,939

125,301

119,790

47,525

100,694

90,877

103,466

86,068

64,632

48,679

40,728

52,323

47,094

57,211

52,876

30,589

44,087

32,623

37,374

41,973

0

0

0

Cash flows from investing activities:
Capital expenditures

29,285

28,119

25,038

21,650

21,005

17,054

15,968

19,289

17,702

21,958

27,579

26,749

31,333

29,042

23,570

22,365

18,812

18,394

19,295

18,264

18,285

16,918

12,866

11,916

11,142

13,003

14,246

15,491

18,074

17,826

17,386

15,564

11,720

9,707

8,045

8,271

8,740

7,050

0

0

0

Payments to Acquire Businesses, Gross

-

-

-

-

-

-

-

-

-

-

-

-

-

72,476

139,363

139,363

139,500

67,500

0

0

0

-

-

-

-

77,560

54,872

54,873

53,248

0

0

0

0

-

-

-

-

-

-

-

-

Divestiture of business

-

-

-

-

-

10,587

10,414

8,800

8,500

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of restricted available-for-sale investments

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales of restricted available-for-sale investments

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maturities of restricted held-to-maturity investments

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,057

30,557

45,942

65,857

40,800

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Sales and maturities of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,500

1,750

9,492

36,217

44,167

63,762

56,225

29,500

20,050

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

19,773

-6,036

-8,882

-22,997

-18,374

6,233

20,063

16,007

9,283

4,764

824

13,124

16,122

-5,762

-1,522

431

-7,587

-3,887

-8,013

-72,668

-68,504

-62,691

-64,662

-3,307

-3,945

0

0

0

Purchases of restricted investments

-

-

-

-

-

-

0

0

38,925

-

37,248

36,809

40,926

37,173

48,638

59,633

62,738

51,516

0

0

0

-

-

-

-

13,411

24,800

22,414

27,481

33,778

18,558

28,047

92,729

88,173

87,768

78,279

3,106

0

0

0

0

Maturities of restricted investments

-

-

-

-

-

-

0

0

22,151

-

18,017

20,378

16,507

15,248

13,736

13,422

11,386

12,510

13,185

13,028

12,799

12,726

12,832

11,912

15,668

15,581

17,035

16,261

18,337

18,116

17,463

16,664

13,145

9,238

0

0

0

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

298

0

0

0

Net cash provided by (used in) investing activities

-23,776

-21,631

-14,851

-5,113

-28,817

-20,515

-34,472

-56,174

-27,955

-54,381

-67,928

-62,301

-72,409

-143,216

-191,799

-199,057

-186,667

-105,026

-47,315

-334,642

-309,348

-318,437

-324,685

-38,050

-81,313

-125,265

-106,216

-95,160

-81,147

-26,151

-14,844

-22,934

-25,436

-26,938

-33,730

-19,715

-8,836

-3,403

0

0

0

Cash flows from financing activities:
Purchases and retirement of common stock

85,871

38,826

41,316

24,830

40,121

34,818

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from employee stock purchase plans

1,272

1,329

1,380

1,446

1,488

1,503

1,613

1,545

1,550

1,646

1,538

1,560

1,556

1,542

1,582

1,566

1,629

1,563

1,682

1,679

2,000

2,191

2,078

4,462

7,472

9,136

9,089

7,045

3,536

4,164

4,063

3,657

3,601

1,131

1,173

1,134

1,477

1,054

0

0

0

Common stock repurchases for taxes upon vesting of restricted stock

2,576

2,222

2,799

2,632

2,756

3,404

2,710

2,657

2,813

3,127

3,115

3,403

3,022

2,851

2,836

3,007

3,072

3,869

3,818

3,632

3,666

3,114

3,168

3,283

3,264

2,800

2,731

2,340

2,357

2,154

2,160

2,161

2,123

1,776

1,793

1,819

3,026

1,568

0

0

0

Net change in Revolving Credit Facility

251,300

-42,900

-64,100

-92,500

-7,399

-15,900

-3,508

29,996

-5,541

-16,607

-2,092

-36,696

-83,958

-105,579

27,499

50,405

55,103

46,091

-60,994

73,494

83,994

171,994

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34,000

34,000

34,000

34,000

0

0

0

0

-

-

-

-

-

-

-

-

Payments on debt

-

-

-

-

-

22,397

23,422

23,990

2,267

2,267

2,456

2,456

2,267

2,456

2,078

2,078

2,268

2,078

2,267

2,267

2,266

2,267

2,266

8,699

8,851

8,681

8,676

5,575

4,945

4,548

0

0

0

-

-

-

-

-

-

-

-

Payments on other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Other

-735

-296

0

0

0

-

-

-

0

-

-

-

-

-29

-35

143

385

1,079

870

670

870

978

1,235

1,504

1,207

713

707

673

593

751

754

529

760

664

755

759

669

129

0

0

0

Net cash provided by (used in) financing activities

163,390

-82,915

-106,580

-118,176

-70,687

-75,016

-60,154

-35,321

-64,051

-75,335

-59,593

-80,627

-93,639

-115,121

24,132

47,029

51,777

42,786

-64,527

69,944

80,932

169,782

144,873

-6,016

-3,436

32,368

32,389

33,407

26,441

-6,173

-12,505

-46,210

-54,893

-57,215

-50,410

-13,199

-1,364

-767

0

0

0

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

-1,116

936

-227

-63

-468

-1,542

-756

-574

-230

191

46

-30

980

1,772

4,212

2,802

2,182

283

-2,109

-2,164

-2,413

-1,207

-1,183

-51

-699

-681

-601

-283

-227

203

546

-640

-332

-278

122

1,383

1,234

973

0

0

0

Net change in cash, cash equivalents and restricted cash

238,123

-10,079

-12,054

-10,122

2,399

28,619

-7,404

-6,701

-1,385

-29,391

1,812

-1,333

-9,701

5,189

1,549

484

4,109

10,115

-6,012

-141,561

-111,039

-102,337

-80,301

46,760

18,018

-7,510

-9,796

-13,357

-14,205

20,202

20,291

-12,573

-27,785

-53,842

-39,931

1,092

28,408

38,776

0

0

0

Supplemental Cash Flow Information [Abstract]
Interest

2,159

2,432

2,745

3,680

4,213

4,373

4,594

4,154

3,883

3,811

3,624

3,651

3,517

4,083

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Income taxes

8,967

12,166

12,296

14,479

12,004

12,898

17,397

15,029

15,422

4,593

-1,461

9,417

14,808

10,312

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Operating lease liabilities

17,739

17,643

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment purchased but not yet paid

508

993

1,269

2,054

1,779

1,553

-1,259

-1,787

-205

375

2,090

2,398

545

1,471

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Divestiture non-cash consideration

-

-

-

-

-

798

971

1,657

1,957

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right-of-use assets obtained in exchange for new operating lease liabilities

16,483

18,759

0

0

0

-

-

-

0

-

-

-

-

3,783

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-