WEX Inc. WEX Cash Flow

Wex inc. (WEX)

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 (loss) income
126,816	155,293	112,441	126,598	133,313	169,776	227,231	204,487	182,561	158,966	45,577	30,921	26,193	20,338	75,734	98,312	112,800	109,612	135,454	167,522	183,971	200,018	186,670	156,598	155,801	148,298	143,261	113,767	102,050	96,709	100,647	134,463	144,743	133,622	119,298	91,769	81,190	87,629	0	0	0
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Net unrealized loss
-66,659	-29,792	-61,671	-48,000	-47,574	-21,924	-10,025	-14,788	-2,776	-12,565	-2,542	2,069	12,825	21,271	45,827	47,305	20,349	-16,201	-10,439	1,639	20,391	48,327	7,278	-11,668	3,077	-5,628	1,351	-8,765	5,949	-1,724	-4,754	28,823	18,135	10,872	3,776	-23,685	-31,027	-17,029	0	0	0
Stock-based compensation
48,641	45,811	42,826	42,888	34,635	33,887	32,790	32,476	32,985	30,487	27,784	24,500	21,956	19,742	16,505	14,373	13,445	12,420	13,928	15,410	14,585	13,790	12,636	10,581	9,446	9,429	9,092	9,253	9,998	11,016	10,744	10,944	10,531	9,367	9,443	9,023	8,140	7,425	0	0	0
Depreciation and amortization
250,421	237,129	224,400	209,483	201,326	199,805	202,171	205,333	204,662	203,724	200,698	195,477	168,625	141,651	111,534	84,763	83,186	83,077	81,646	82,684	76,923	70,380	67,200	61,695	61,019	60,563	59,684	57,106	53,756	50,267	48,449	48,385	47,576	48,112	47,574	42,576	37,677	31,504	0	0	0
Debt restructuring and debt issuance cost amortization
9,849	9,942	9,518	9,326	8,093	9,674	9,739	9,613	9,679	7,957	7,959	15,293	13,855	12,673	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on divestiture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,215	1,536	28,705	28,705	27,490	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Benefit) provision for deferred taxes
7,435	19,667	16,820	18,748	18,440	31,334	-13,802	-6,945	1,545	-4,234	33,755	19,172	17,372	19,499	28,970	43,584	36,149	37,359	44,978	40,506	49,899	46,111	28,939	22,884	28,001	26,956	23,722	27,185	43,020	35,907	36,844	44,424	23,150	21,749	23,197	10,858	14,970	21,536	0	0	0
Foreign currency remeasurement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring charge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,514	8,567	8,567	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for credit losses
81,860	65,664	63,541	71,243	70,047	66,482	66,702	63,767	66,213	64,218	61,536	51,411	41,772	33,458	28,142	25,288	22,828	22,825	23,522	24,148	26,968	32,144	29,668	27,422	25,534	20,200	21,351	21,983	21,252	22,539	21,937	24,967	26,911	27,527	27,658	22,863	19,586	19,838	0	0	0
Loss on disposal of property, equipment and capitalized software
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-342	-963	-989	-1,182	-1,623	-905	-1,397	-1,122	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities, net of effects of acquisitions:
Accounts receivable and securitized accounts receivable
-660,722	67,645	126,828	145,752	176,820	201,637	608,602	756,746	610,086	540,470	579,345	429,180	534,305	389,157	126,948	-60,423	-132,180	-199,717	-366,271	-310,695	-345,491	-55,883	199,042	392,602	237,903	194,418	165,128	170,921	81,098	86,763	120,816	6,201	170,355	198,417	403,962	454,697	387,322	236,100	0	0	0
Prepaid expenses and other current and other long-term assets
-19,616	-31,337	17,173	27,340	60,717	-68,014	-130,590	-122,657	-119,603	3,043	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-20,429	-27,282	-20,667	17,653	56,598	45,042	33,977	16,920	58,606	51,848	60,924	55,440	27,382	-960	36,772	43,665	58,724	55,370	18,098	11,133	2,837	11,039	6,637	1,241	0	0	0
Accounts payable
-306,898	139,187	67,564	188,343	122,735	-3,588	309,037	294,828	254,457	195,773	124,752	10,585	58,273	66,184	28,631	-44,022	-74,971	-33,201	-122,776	-33,147	-50,271	-29,154	9,857	-30,475	-64,985	-6,365	-18,959	50,591	5,732	-41,040	43,997	-53,174	881	29,274	105,973	144,857	138,658	41,919	0	0	0
Accrued expenses and restricted cash payable
-202	31,627	-1,169	20,968	-17,496	8,654	-23	-15,022	12,765	-2,378	-7,643	-59,035	-41,563	1,669	-22,373	99,753	51,200	16,594	50,599	2,841	11,841	29,263	31,673	18,742	16,017	25,500	17,203	20,004	5,443	-1,582	-8,590	-5,799	6,222	3,839	5,835	12,608	7,131	7,534	0	0	0
Income taxes
-5,291	-12,266	-24,529	-13,760	-1,921	-2,107	19,685	10,729	7,460	9,484	-4,420	1,903	-3,111	-14,614	-19,594	-14,502	1,427	10,687	2,275	-8,933	-29,036	-21,770	-4,634	9,028	12,518	7,586	5,919	-4,559	10,931	17,360	15,966	3,626	1,758	-3,703	-9,863	10,652	96	-2,072	0	0	0
Other current and other long-term liabilities
-25,412	-21,435	-14,172	-8,184	-3,100	-8,413	-15,287	-13,293	-8,397	-5,576	-432	-6,221	-1,745	-2,148	-517	3,747	-1,753	-2,322	-3,687	-7,201	-5,531	-3,190	-1,641	-1,706	-850	-743	-251	-322	-10,609	-11,459	-1,887	-103	9,656	9,185	-1,812	1,550	1,694	2,057	0	0	0
Net cash provided by operating activities
933,284	663,171	417,778	546,301	382,533	400,229	367,659	160,523	284,177	135,427	-104,859	-176,172	-288,545	-141,186	116,642	335,309	359,868	445,100	546,637	522,790	545,816	296,413	62,200	-166,211	-66,771	39,551	71,829	154,764	138,615	71,811	100,337	109,395	57,458	51,168	-89,793	-102,446	-61,398	-10,550	0	0	0
Cash flows from investing activities
Purchases of property, equipment and capitalized software
95,140	102,860	112,831	100,782	100,767	87,152	76,597	76,420	72,353	79,276	72,878	63,537	62,998	61,799	61,390	71,532	71,911	63,491	65,847	63,230	58,825	58,133	48,736	49,042	45,277	39,455	36,362	25,119	28,628	28,036	27,079	28,662	23,690	25,145	28,428	27,906	28,704	28,944	0	0	0
Purchases of available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Maturities of available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Payments to Acquire Businesses, Net of Cash Acquired
313,991	882,417	1,000,756	734,302	731,176	162,750	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Purchase of equity investment
-	-	-	-	-	2,771	7,170	7,170	6,860	4,553	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of investment securities
5,558	5,567	5,571	6,806	1,787	1,768	1,746	488	481	474	492	487	5,478	5,853	5,802	5,771	752	349	360	357	2,853	2,837	2,838	2,824	1,807	1,802	2,344	2,342	849	864	380	6,866	6,828	8,509	0	0	0	-	-	-	-
Maturities of investment securities
203	200	338	377	313	300	336	428	443	600	495	589	594	500	500	413	570	594	602	535	403	337	406	775	783	1,192	1,388	1,436	1,706	1,551	0	0	0	-	-	-	-	-	-	-	-
Acquisition of ReD - adjustment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Proceeds from divestiture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,265	18,699	65,589	65,032	48,324	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used for investing activities
-414,456	-990,614	-1,119,008	-841,701	-833,915	-254,175	-169,528	-168,001	-163,602	-168,054	-76,882	-1,156,722	-1,161,169	-1,160,439	-1,236,649	-157,567	-152,213	-126,658	-346,840	-889,188	-887,968	-904,034	-607,346	-62,368	-57,578	-51,342	-413,576	-400,717	-430,246	-429,824	-55,720	-65,701	-29,602	-40,504	-40,256	-373,076	-376,948	-367,434	0	0	0
Cash flows from financing activities
Excess tax benefits from equity instrument share-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	650	1,093	1,288	493	1,867	1,462	1,491	1,960	6,539	7,926	8,302	7,811	4,466	3,231	2,755	3,206	3,970	4,363	4,376	4,124	1,698	0	0	0
Repurchase of share-based awards to satisfy tax withholdings
9,446	10,352	10,239	10,420	10,285	12,372	12,279	12,143	12,317	9,527	9,450	9,251	9,033	2,200	2,180	2,164	2,224	2,392	4,749	4,705	4,758	5,709	3,647	3,680	4,543	11,222	10,902	10,903	10,303	2,926	2,945	3,104	3,619	2,551	2,260	2,101	2,061	1,476	0	0	0
Proceeds from stock option exercises
6,488	4,941	3,664	3,260	2,259	2,430	2,383	1,753	1,237	733	611	638	366	300	293	102	25	33	28	105	149	239	243	311	1,637	1,679	4,434	4,778	3,484	4,625	2,020	1,611	1,900	2,913	3,626	3,882	4,460	3,177	0	0	0
Net change in deposits
170,271	176,603	306,082	434,270	28,356	-20,360	173,619	31,527	66,011	173,052	-195,863	184,563	-70	248,926	97,377	32,728	-92,456	-107,345	-277,935	-344,659	-54,711	-109,138	310,549	263,558	164,608	198,596	-50,871	23,245	315,917	193,726	505,335	193,164	48,920	163,853	205,715	248,876	251,576	106,504	0	0	0
Net activity on term loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net activity on other debt
-15,719	-43,148	-20,741	-56,436	14,293	-62,290	73,172	108,537	68,508	68,525	45,586	74,609	43,464	62,474	55,852	10,892	50	-435	-792	24,107	42,937	46,851	52,817	25,493	4,658	2,016	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings on revolving credit facility
403,948	1,267,704	1,618,994	1,742,786	1,946,236	1,570,983	2,201,545	2,945,795	3,618,065	4,367,168	0	0	0	-	-	0	0	-	-	2,350,913	2,447,311	2,519,742	0	0	0	-	-	0	0	-	-	-	-	-	587,000	430,100	194,500	204,300	0	0	0
Increase (Decrease) in Federal Funds Purchased
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	48,400	0	0	47,226	-41,500	68,713	9,400	-47,226	52,584	-3,720	15,417	76,602	12,238	0	0	0
Repayments on revolving credit facility
571,651	1,265,251	1,616,798	1,741,772	1,775,257	1,707,478	2,353,453	3,102,725	3,830,036	4,239,241	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Borrowings on term loans
138,990	688,990	688,991	713,990	575,000	178,000	178,000	153,000	153,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	400,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayments on term loans
64,610	64,329	56,997	49,663	42,586	35,791	35,658	35,527	35,138	34,750	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan origination fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,023	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs
-1	3,442	3,974	6,377	6,377	5,841	5,857	3,892	3,892	985	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in securitized debt
3,775	-1,943	-10,069	14,167	10,584	-10,009	72,110	25,299	18,362	34,410	-35,235	-27,481	-17,488	-3,665	2,783	15,965	-74,102	-84,571	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of shares of treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	22,011	22,011	22,011	24,828	19,765	19,765	19,765	16,948	17,911	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used for) provided by financing activities
-4,247	749,773	815,935	857,761	585,925	-102,728	101,318	129,846	75,896	359,385	-78,872	1,248,800	1,140,842	1,216,081	1,114,802	-51,936	-204,611	-319,538	-237,257	232,290	496,088	526,707	729,393	248,376	132,340	179,242	299,721	339,834	610,859	529,564	347,880	107,938	-33,251	-2,583	146,411	518,570	461,571	356,339	0	0	0
Effect of exchange rates on cash, cash equivalents and restricted cash
-14,266	4,020	433	2,033	-8,350	-10,680	-18,045	-28,145	-21,228	-17,715	-17,990	-8,289	2,086	2,791	8,729	7,709	1,261	-3,678	-5,620	-583	2,309	4,191	1,288	-333	-2,939	-3,627	-2,106	-2,324	49	320	729	-642	-24	-335	-329	756	262	386	0	0	0
Net change in cash, cash equivalents and restricted cash
500,315	426,350	115,138	564,394	126,193	32,646	281,404	94,223	175,243	309,043	-278,603	-92,383	-306,786	-82,753	3,524	133,515	4,305	-4,774	-43,080	-134,691	156,245	-76,723	185,535	19,464	5,052	163,824	-44,132	91,557	319,277	171,871	393,226	150,990	-5,419	7,746	16,033	43,804	23,487	-21,259	0	0	0
Supplemental disclosure of non-cash investing and financing activities
Supplemental cash flow information
Interest paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	49,032	49,822	48,856	44,723	40,287	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Income taxes paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,186	45,653	54,452	73,962	75,258	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Supplemental disclosure of non-cash investing and financing activities
Capital expenditures incurred but not paid
6,087	4,771	4,563	8,374	5,814	8,569	2,651	-222	5,045	4,596	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash, Cash Equivalents, Restricted Cash And Restricted Cash Equivalents [Roll Forward]
Conversion of preferred stock shares and accrued preferred dividends to common stock shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Acquisition of rapid! - estimated earn out
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Reduction of rapid! estimated earn out
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-