TTEC Holdings, Inc. TTEC Cash Flow

Ttec holdings, inc. (TTEC)

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	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities
Net income
88,943	84,734	74,851	61,616	54,299	39,755	-21,751	-12,920	-3,423	10,812	51,875	48,949	45,697	37,435	55,015	54,804	57,755	65,885	71,261	73,512	76,149	77,417	75,099	79,579	74,171	71,471	71,632	82,183	75,709	73,923	70,030	66,745	83,721	78,275	66,414	59,767	50,867	53,538	0	0	0
Adjustment to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
71,215	69,086	67,579	68,237	67,998	69,179	69,286	68,484	67,931	64,507	64,187	64,483	65,446	68,675	69,040	67,715	66,174	63,808	61,915	60,322	58,731	56,538	53,935	51,505	48,679	46,064	43,407	42,639	41,605	41,166	41,101	42,213	43,407	44,889	46,924	47,569	49,092	50,218	0	0	0
Amortization of contract acquisition costs
879	1,002	2,583	2,745	2,906	3,015	1,588	1,627	1,634	1,678	1,433	1,134	896	659	645	697	788	900	870	736	779	856	1,147	1,311	1,263	1,160	1,007	1,015	1,016	1,017	995	1,179	1,301	1,680	1,909	3,579	4,974	5,267	0	0	0
Amortization of debt issuance costs
710	1,083	1,157	1,233	1,301	992	968	898	821	745	692	682	689	753	760	768	769	712	712	712	713	705	698	689	654	659	765	780	830	808	685	646	514	589	660	962	751	672	0	0	0
Imputed interest expense and fair value adjustments to contingent consideration
4,195	2,339	2,220	4,534	9,570	10,217	8,216	5,148	2,042	51	-164	-4,687	-4,648	-4,523	-4,390	1,034	652	716	-1,772	-2,646	-6,224	-6,233	-1,307	-1,079	3,155	3,301	1,237	1,201	1,186	904	495	386	412	544	0	0	0	-	-	-	-
Provision for credit losses
0	-	-	-	-	3,679	561	402	521	458	1,002	1,253	1,007	1,164	1,043	1,283	1,630	1,465	1,126	820	573	633	754	436	732	695	290	798	404	368	552	411	611	363	259	-43	88	600	0	0	0
(Gain) loss on disposal of assets
-196	-189	-268	-110	-100	-111	-3,634	-3,717	-3,689	-3,694	-106	-9	11	44	113	138	141	166	0	0	0	-	-	-106	-107	0	-31	-62	-88	-305	-116	-418	305	415	486	1,102	568	617	0	0	0
Impairment losses
2,925	3,735	3,901	3,901	1,838	1,452	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,958	2,958	2,797	1,800	230	1,182	1,509	2,188	1,958	0	0	0
Impairment of equity investment
-	-	-	-	-	15,632	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (adjustment) on bargain purchase of a business
-	-	-	-	-	685	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
5,571	-1,376	-4,053	-8,372	-9,361	-7,975	3,346	8,549	16,723	16,777	1,204	-1,579	-7,584	-1,583	10,305	15,555	15,879	9,317	843	4,138	7,045	9,514	14,476	9,230	3,907	6,892	5,687	13,148	7,551	2,354	-1,790	-14,515	-4,925	1,658	-205	6,610	767	-3,030	0	0	0
Excess tax benefit from equity-based awards
1,106	1,231	1,169	918	728	635	930	1,763	2,135	2,192	2,032	783	689	601	781	774	449	662	733	758	1,020	1,399	1,355	1,347	1,331	1,343	531	372	800	462	2,220	4,528	4,887	6,491	7,059	4,882	3,849	1,783	0	0	0
Equity-based compensation expense
12,533	12,814	12,545	12,445	11,736	12,145	12,794	13,216	13,420	11,852	10,853	10,025	9,055	9,773	10,013	10,610	11,373	11,304	10,845	10,704	10,837	11,307	12,423	12,538	13,203	13,234	12,908	13,108	13,179	13,376	14,603	14,986	15,484	15,856	14,959	14,492	13,944	13,372	0	0	0
(Gain) loss on foreign currency derivatives
-387	140	-710	-1,143	-757	-1,524	851	1,107	-1,249	681	2,110	-2,223	-4,557	-1,710	1,640	4,007	5,608	1,469	-1,516	-4,007	827	1,548	-2,065	-47	-33	-234	-913	1,391	-280	-414	467	421	-809	-1,073	-1,832	-75	223	128	0	0	0
Changes in assets and liabilities, net of acquisitions:
Accounts receivable
-22,639	-29,608	10,496	8,025	-7,368	-29,985	-4,442	20,255	46,697	59,284	18,178	5,134	-20,423	7,858	809	5,113	-5,283	19,867	12,104	22,576	57,734	41,005	17,597	-857	5,813	-7,291	-18	3,499	-2,381	-400	-21,634	10,602	14,385	5,789	50,880	8,223	3,476	87	0	0	0
Prepaids and other assets
-40,763	-27,413	-30,739	17,298	26,906	30,438	32,204	-3,353	9,742	19,266	14,254	8,204	-2,246	92	11,192	20,713	16,753	5,379	-3,979	3,879	5,069	5,300	10,251	7,049	-3,874	5,374	6,012	12,641	25,468	25,664	18,376	2,084	3,862	-3,578	10,157	-9,383	-11,759	-17,664	0	0	0
Accounts payable and accrued expenses
70,719	97,268	80,922	84,426	34,609	11,713	1,148	-18,256	11,232	18,968	22,803	27,563	1,573	-19,141	-5,015	-16,516	13,514	16,189	21,572	28,132	-4,881	-8,115	-6,359	-11,363	6,033	-2,549	-14,625	-43,905	-20,174	-16,301	-3,896	14,901	-8,363	-16,502	2,510	-6,093	-13,224	19,683	0	0	0
Deferred revenue and other liabilities
-102,283	-90,246	-77,907	-23,961	20,295	7,063	56,753	21,994	27,861	60,619	6,915	5,808	-2,031	-11,847	-6,145	-5,775	-12,002	-12,855	-15,145	-5,696	4,822	206	-548	-6,061	-7,607	-7,718	-568	1,224	-195	11,354	11,288	1,943	-7,477	-5,739	-14,582	-12,923	-2,245	-19,462	0	0	0
Net cash provided by operating activities
220,191	237,989	186,633	184,905	180,921	168,345	129,618	92,403	105,607	113,152	150,635	182,240	173,976	111,830	132,672	107,530	146,964	137,998	148,347	147,973	84,373	94,090	123,273	129,398	145,022	137,979	120,122	98,474	98,750	106,920	137,708	114,475	103,855	113,799	54,001	107,801	107,631	134,455	0	0	0
Cash flows from investing activities
Proceeds from grant for property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	110	-1,730	467	467	357	0	0	0	-	-	-	-
Proceeds from sale of long-live assets
382	382	368	353	45	34	29	25	30	39	52	73	126	114	0	0	0	-	-	-	-	135	135	135	135	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property, plant and equipment
64,389	60,776	56,047	54,995	49,142	43,450	39,867	39,252	47,431	51,958	55,901	52,678	47,918	50,832	56,274	64,833	68,506	66,595	64,591	62,663	65,584	67,641	70,766	71,187	61,354	50,364	39,226	36,835	38,274	40,653	50,760	43,783	41,281	38,667	30,575	26,846	24,062	26,800	0	0	0
Payments for contract acquisition costs
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in non-marketable equity investments
-	-	-	-	-	2,119	2,119	2,119	2,350	1,384	0	0	0	-	-	-	-	9,000	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions, net of cash acquired of $3,123 and zero, respectively
0	-	-	-	-	2,027	0	0	0	-	-	-	-	46,460	400	401	1,874	1,776	2,289	17,459	16,358	24,416	24,113	16,246	17,326	9,166	44,986	37,682	36,212	40,839	4,893	6,796	50,498	45,871	0	0	0	-	-	-	-
Net cash used in investing activities
-171,707	-162,851	-55,679	-54,667	-50,664	-47,562	-78,699	-79,708	-164,874	-168,987	-187,441	-182,552	-99,405	-100,357	-56,495	-65,085	-70,177	-77,169	-75,764	-89,006	-90,942	-91,922	-94,744	-87,298	-78,545	-59,530	-84,212	-74,292	-74,036	-80,932	-58,945	-54,965	-94,062	-86,931	-87,701	-84,800	-40,460	-43,198	0	0	0
Cash flows from financing activities
Proceeds from line of credit
1,422,350	1,152,750	1,335,700	1,608,800	1,785,200	2,162,400	2,295,250	2,235,687	2,387,487	2,293,587	2,080,537	2,058,700	2,048,900	2,093,500	2,149,650	2,263,650	2,270,050	2,262,350	2,234,800	2,261,100	2,018,300	2,077,400	1,959,600	1,853,500	1,799,500	1,533,550	1,436,250	1,345,450	1,298,250	1,179,850	979,050	788,050	667,850	678,200	1,068,200	1,172,500	1,300,850	1,257,100	0	0	0
Payments on line of credit
964,350	1,144,750	1,409,200	1,669,800	1,845,700	2,224,400	2,277,750	2,203,687	2,266,987	2,166,887	1,954,537	1,936,700	1,999,900	1,976,200	2,135,650	2,243,650	2,263,050	2,262,350	0	0	0	-	-	-	1,814,500	1,541,550	1,406,250	1,313,450	1,268,250	1,135,850	1,021,350	828,050	662,350	614,200	937,900	1,054,500	1,221,350	1,257,100	0	0	0
Proceeds from other debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,709	3,709	4,902	4,902	8,014	8,014	6,821	6,821	0	0	0	0	-	-	-	-
Payments on other debt
9,757	11,855	10,743	10,164	8,924	5,989	6,153	5,857	6,389	6,041	5,417	5,033	3,887	3,222	2,972	2,716	2,994	3,222	3,291	3,097	3,757	4,504	5,265	6,255	5,976	5,789	6,410	6,171	5,583	4,900	3,236	2,401	2,217	2,099	0	0	0	-	-	-	-
Payments of contingent consideration and hold back payments to acquisitions
-	5,902	6,466	6,466	6,487	1,349	0	0	0	-	-	-	-	9,467	9,467	9,467	18,511	11,883	11,883	11,883	7,358	8,547	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid to shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,423	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to noncontrolling interest
6,141	4,950	4,500	4,050	2,880	2,925	2,925	2,970	3,645	3,645	3,825	3,915	4,362	4,317	4,273	4,138	4,503	4,593	4,681	4,906	5,962	5,962	5,873	5,783	4,336	4,455	4,185	3,870	2,594	2,205	2,205	2,409	3,278	3,548	3,908	3,929	3,870	4,140	0	0	0
Capital contribution from noncontrolling interest
-	3,362	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of purchase price payables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments on capital lease obligations and equipment financing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	371	737	764	597	825	588	562	665	443	320	319	335	862	1,095	1,460	1,571	1,374	7,369	11,859	13,354	14,762	10,203	5,591	3,728	2,792	0	0	0
Tax payments related to issuance of restricted stock units
5,508	5,471	5,438	5,579	4,694	4,643	5,078	5,808	6,432	5,397	5,178	3,790	5,868	3,933	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from equity-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	601	781	774	449	662	733	758	1,020	1,399	1,355	1,347	1,331	1,343	531	372	800	462	2,220	4,528	4,887	6,491	6,916	4,754	3,741	1,783	0	0	0
Payments of debt issuance costs
125	1,819	0	0	0	-	-	-	-	-	-	-	-	1,888	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	467	432	432	419	22	2,310	2,310	2,310	2,288	0	0	0
Purchase of treasury stock
-	-	-	-	-	-	-	-	-	18,328	35,732	56,900	77,611	74,683	57,908	41,088	20,046	17,231	26,395	32,279	42,523	57,074	52,186	62,580	67,148	56,532	77,659	71,512	68,437	81,243	60,537	60,677	52,520	63,693	90,343	86,738	94,556	80,295	0	0	0
Net cash (used in) provided by financing activities
409,397	-47,374	-125,900	-112,304	-109,057	-102,079	-22,759	-9,220	75,257	71,581	57,939	34,741	-63,673	-1,605	-90,670	-65,762	-54,135	-57,148	-53,674	-44,590	-40,625	-74,245	-73,196	-91,567	-94,783	-70,662	-54,754	-44,586	-39,389	-34,965	-91,107	-82,711	-27,872	15,891	48,630	32,442	-17,102	-85,897	0	0	0
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-7,315	-410	-3,136	-2,265	-11,355	-14,904	-13,123	-10,125	-871	3,427	-3,599	-11,849	-19,845	-14,908	-10,369	-15,195	-12,944	-20,693	-20,351	-18,313	-7,469	-8,624	-12,624	-3,378	-21,868	-14,255	-6,630	449	12,465	17,091	12,912	-507	1,133	-5,773	-4,272	7,359	5,740	4,601	0	0	0
Increase (decrease) in cash, cash equivalents and restricted cash
450,566	27,354	1,918	15,669	9,845	3,800	15,037	-6,650	15,119	19,173	17,534	22,580	-8,947	-5,040	-24,862	-38,512	9,708	-17,012	-1,442	-3,936	-54,663	-80,701	-57,291	-52,845	-50,174	-6,468	-25,474	-19,955	-2,210	8,114	568	-23,708	-16,946	36,986	10,658	62,802	55,809	9,961	0	0	0
Supplemental disclosures
Cash paid for interest
12,612	13,108	13,680	15,707	16,615	17,456	17,266	15,463	13,801	11,727	10,138	8,678	7,476	6,976	6,388	6,514	6,339	6,052	6,006	5,427	5,762	5,404	4,987	4,664	4,154	4,220	4,515	4,932	4,587	4,412	4,273	3,693	3,836	4,013	3,611	3,078	2,465	2,217	0	0	0
Cash paid for income taxes
37,088	36,316	34,972	39,216	38,317	39,984	37,544	33,121	22,506	18,813	14,343	11,941	12,532	19,741	21,009	21,122	20,034	15,178	14,929	14,820	14,514	14,545	14,968	15,330	17,840	16,757	15,504	16,755	16,252	16,388	20,839	18,007	14,363	24,336	20,387	24,507	26,256	15,593	0	0	0
Non-cash investing and financing activities
Acquisition of long lived assets through finance leases
951	3,731	6,708	8,797	14,587	15,018	20,387	16,501	13,350	9,836	-902	-1,209	116	584	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of equipment through increase in accounts payable, net
-4,410	881	-1,210	312	2,491	339	748	1,619	-1,636	97	266	-2,244	1,937	-681	-5,604	3,300	833	386	6,674	125	1,525	4,170	1,903	4,182	3,703	2,762	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of equipment through financing arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-
Landlord incentives credited to deferred rent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,723	1,723	604	604	0	0	0	0	-	-	-	-
Contract acquisition costs credited to accounts receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Recognition of asset retirement obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Acquisition of equipment through installment purchase agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0