Vectrus, inc. (VEC)
CashFlow / TTM
Apr'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Sep'18Jun'18Jun'18Mar'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14
Operating activities
Net income

36,310

34,716

34,213

34,697

36,259

35,296

-

66,740

-

62,675

58,940

58,940

59,497

22,339

23,144

23,734

23,655

25,207

32,628

32,597

30,973

28,342

16,430

16,542

22,812

0

0

0

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

3,587

3,379

3,115

2,649

2,183

1,798

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

3,500

3,100

2,631

2,339

2,193

1,999

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

0

-

0

-

0

-

-

0

0

0

-

0

0

2,823

-

2,267

2,333

2,334

2,149

0

0

0

Loss on disposal of property, plant, and equipment

-

-

-

-

-

-348

-

-315

-

-51

-40

-40

0

-3

-16

-128

-405

-760

-747

-963

-686

0

0

0

-

-

-

-

Stock-based compensation

9,167

8,262

6,638

5,606

4,143

4,096

-

4,536

-

3,993

4,796

4,796

4,467

4,448

4,376

4,022

4,649

4,579

6,074

6,492

6,658

7,945

6,176

4,203

2,324

0

0

0

Amortization of debt issuance costs

404

404

409

414

419

426

-

1,221

-

1,296

1,376

1,376

1,464

844

1,001

1,164

1,198

1,490

1,308

1,158

1,130

740

585

385

185

0

0

0

Changes in assets and liabilities:
Receivables

4,556

21,148

16,988

16,050

254

24,646

-

14,905

-

17,433

44,305

44,305

-178

9,783

-13,147

-27,546

-37,814

-51,477

-33,494

-17,412

9,886

31,711

-25,249

-54,238

-21,608

0

0

0

Other assets

4,272

-1,537

8,344

10,803

6,935

8,193

-

5,410

-

423

1,911

1,911

-3,455

7,753

14,544

9,848

13,903

-7,158

-18,592

-26,561

-12,005

-564

10,936

13,891

1,329

0

0

0

Accounts payable

-528

-11,733

20,761

31,305

9,096

29,960

-

1,865

-

11,140

27,750

27,750

-4,346

16,357

6,900

10,467

-3,766

-24,713

-4,523

-17,174

8,874

19,944

-11,961

4,472

6,169

0

0

0

Billings in excess of costs

-

-

-

-

-

-

696

-

1,059

-

-70

-

2,345

-128

-3,665

-3,284

-4,605

-10,107

-8,756

-3,654

219

5,433

8,432

6,885

-5,266

0

0

0

Deferred taxes

7,204

6,772

1,664

830

-212

-475

-

36,415

-

32,042

33,642

33,642

35,321

-3,968

1,451

3,566

2,163

11,236

11,165

8,436

9,404

-7,189

-8,865

-9,592

-11,282

0

0

0

Compensation and other employee benefits

-6,805

9,652

13,039

5,452

1,114

178

-

1,441

-

2,717

-3,015

-3,015

3,256

-4,243

-6,353

-1,436

-1,808

8,827

-6,228

15,355

275

-1,186

400

-6,061

-13,245

0

0

0

Other liabilities

5,360

6,087

6,002

-3,744

-3,402

-1,681

-

-1,509

-

-1,703

1,812

1,812

-1,271

-2,128

-1,201

-5,802

-6,778

-13,213

-26,255

-26,318

-25,788

-26,949

-5,813

-6,586

-3,813

0

0

0

Net Cash Provided by (Used in) Operating Activities

35,080

27,557

59,850

51,334

45,307

40,056

-

21,666

-

33,846

13,859

13,859

35,410

25,532

23,072

44,847

36,618

42,320

38,343

47,794

18,880

12,843

40,161

72,201

42,979

0

0

0

Investing activities
Purchases of capital assets and intangibles

7,182

16,151

18,350

21,000

19,838

10,025

-

7,558

-

2,744

2,393

2,393

2,344

1,242

788

734

741

424

376

359

793

2,567

3,577

3,805

3,847

0

0

0

Proceeds from the disposition of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

116

503

498

498

387

0

0

0

-

-

-

-

Payments to Acquire Businesses, Net of Cash Acquired

-

-

-

-

-

36,855

-

36,855

-

37,210

37,210

37,210

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-46,856

-55,825

-56,913

-20,612

-19,450

-46,847

-

-44,380

-

-39,954

-39,603

-39,603

-2,344

-1,015

-299

-156

-52

949

735

663

118

-2,070

-3,080

-3,308

-3,350

0

0

0

Financing activities
Repayments of long-term debt

5,000

4,500

3,000

4,000

4,000

4,000

-

78,500

-

81,000

83,500

83,500

86,000

19,000

27,000

29,000

29,000

0

0

0

-

-

-

-

-

-

-

-

Repayments of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Proceeds from revolver

429,500

333,500

295,000

250,000

224,000

207,000

-

153,000

-

79,500

55,500

55,500

42,500

27,500

23,000

33,000

74,000

162,500

260,500

328,000

324,000

0

0

0

-

-

-

-

Repayments of revolver

314,500

333,500

295,000

250,000

224,000

207,000

-

153,000

-

79,500

55,500

55,500

42,500

27,500

23,000

33,000

74,000

162,500

260,500

328,000

324,000

0

0

0

-

-

-

-

Proceeds from exercise of stock options

3,071

3,672

3,674

3,704

888

1,595

-

1,533

-

1,503

3,290

3,290

2,031

3,464

3,601

2,196

2,146

0

0

0

-

-

-

-

-

-

-

-

Proceeds from insurance financing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,857

0

0

0

-

-

-

-

Proceeds from insurance financing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Payments of employee withholding taxes on share-based compensation

2,172

1,068

845

845

778

880

-

1,508

-

1,508

1,525

1,525

1,317

948

948

937

987

1,193

1,200

1,204

1,301

988

981

953

229

0

0

0

Transfer to Former Parent, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,371

0

0

0

Net cash provided by (used in) financing activities

110,899

-1,896

-171

-1,141

-3,890

-3,285

-

-319

-

-2,849

-3,579

-3,579

-7,130

-16,484

-24,347

-27,962

-28,062

-31,783

-30,095

-39,970

-21,710

-10,987

-5,558

-46,387

-6,607

0

0

0

Exchange rate effect on cash

-

-

-

-

-

-1,232

-829

-

426

-

4,381

-

3,866

2,062

1,074

-1,662

-848

705

1,003

1,386

-116

-852

-837

-1,120

-645

0

0

0

Exchange rate effect on cash

0

-

0

0

0

-

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash

97,998

-30,827

1,466

29,371

19,427

-11,308

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash

-

-

-

-

-

-

0

-

0

-

-24,942

-

-

10,095

-500

15,067

7,656

12,191

9,986

9,873

-2,828

-1,066

30,686

21,386

32,377

0

0

0

Supplemental disclosure of cash flow information:
Interest paid

0

-

-

-

0

-

-

-

-

-

5,841

-

-

-

-

4,906

5,278

5,890

6,714

6,540

6,047

5,582

3,578

2,109

1,201

0

0

0

Interest paid

-

-

-

-

-

-

0

-

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes paid

-

-

-

-

-

-

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes paid (refunded)

0

-

-

-

11,094

11,588

12,223

-

10,064

-

4,839

-

4,802

9,271

15,203

23,909

26,068

25,565

23,356

18,379

16,096

13,796

8,901

2,704

2,667

0

0

0

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

0

-

0

0

0

-

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of capital assets on account

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

0

0