Vectrus, inc. (VEC)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Operating activities
Net income

34,716

35,296

59,497

23,655

30,973

22,812

84,392

74,665

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation expense

3,379

1,798

1,700

1,900

3,138

-

-

-

Amortization of intangible assets

3,100

1,999

0

0

-

-

-

-

Depreciation and amortization

-

-

-

-

-

2,149

2,631

3,035

Loss on disposal of property, plant, and equipment

-62

-348

0

-405

-686

-103

-40

0

Stock-based compensation

8,262

4,096

4,467

4,649

6,658

2,324

0

0

Amortization of debt issuance costs

404

426

1,464

1,198

1,130

185

0

0

Changes in assets and liabilities:
Receivables

21,148

24,646

-178

-37,814

9,886

-21,608

-101,549

-24,683

Other assets

-1,537

8,193

-3,455

13,903

-12,005

1,329

3,770

984

Accounts payable

-11,733

29,960

-4,346

-3,766

8,874

6,169

-51,049

9,918

Billings in excess of costs

-

-

2,345

-4,605

219

-5,266

-289

-5,285

Deferred taxes

6,772

-475

35,321

2,163

9,404

-11,282

15,888

7,197

Compensation and other employee benefits

9,652

178

3,256

-1,808

275

-13,245

-20,053

7,871

Other liabilities

6,087

-1,681

-1,271

-6,778

-25,788

-3,813

-4,771

9,163

Net Cash Provided by (Used in) Operating Activities

27,557

40,056

35,410

36,618

18,880

42,979

92,792

115,869

Investing activities
Purchases of capital assets and intangibles

16,151

10,025

2,344

741

793

3,847

2,429

3,230

Proceeds from the disposition of assets

5,400

33

0

116

387

497

0

666

Payments to Acquire Businesses, Net of Cash Acquired

45,074

36,855

0

0

-

-

-

-

Distributions from equity investment

-

-

-

573

524

0

0

-

Net cash used in investing activities

-55,825

-46,847

-2,344

-52

118

-3,350

-2,429

-2,564

Financing activities
Proceeds from issuance of long-term debt

0

0

80,000

0

0

140,000

0

0

Repayments of long-term debt

4,500

4,000

86,000

29,000

23,375

2,625

0

0

Proceeds from revolver

333,500

207,000

42,500

74,000

324,000

23,000

0

-

Repayments of revolver

333,500

207,000

42,500

74,000

324,000

23,000

0

-

Distribution to subsidiary of Exelis

-

-

-

-

-

136,281

0

0

Proceeds from exercise of stock options

3,672

1,595

2,031

2,146

239

0

0

-

Payments of Debt Issuance Costs

0

0

1,844

221

0

3,701

0

0

Proceeds from insurance financing

-

-

-

-

14,857

0

0

-

Repayments of insurance financing

-

-

-

-

12,130

0

0

-

Payments of employee withholding taxes on share-based compensation

1,068

880

1,317

987

1,301

229

0

0

Working capital adjustment payment from Exelis

-

-

-

-

-

2,600

0

-

Working capital adjustment payment from Exelis

-

-

-

-

-

-

-

0

Transfer to Former Parent, net

-

-

-

-

-

-6,371

-94,924

-113,753

Net cash provided by (used in) financing activities

-1,896

-3,285

-7,130

-28,062

-21,710

-6,607

-94,924

-113,753

Exchange rate effect on cash

-663

-1,232

3,866

-848

-116

-645

607

1,052

Net change in cash

-30,827

-11,308

29,802

-

-

-

-

-

Net change in cash

-

-

-

7,656

-2,828

32,377

-3,954

604

Supplemental disclosure of cash flow information:
Interest paid

6,229

4,973

5,886

5,278

6,047

1,201

0

0

Income taxes paid (refunded)

4,511

11,588

4,802

26,068

16,096

2,667

0

0

Non-cash investing activities:
Purchase of capital assets on account

556

1,128

0

0

-

92

277

0