CASH FLOWS FROM OPERATING ACTIVITIES: | |
Net income | 14.16M |
Adjustments to reconcile net income to net cash provided by operating activities: | |
Goodwill and asset impairment | |
Depreciation and amortization expense | 16.99M |
Bad debt expense | 23.2M |
Compensation expense related to share-based awards | 2.25M |
Gain on disposition of property and equipment | -438K |
Changes in operating assets and liabilities | -48.06M |
Net cash provided by operating activities | 15.71M |
CASH FLOWS FROM INVESTING ACTIVITIES: | |
Purchases of available-for-sale investments | -137.76M |
Sales of available-for-sale investments | 99.72M |
Purchases of property and equipment | -3.35M |
Earnout payments | |
Proceeds on the sale of assets | |
Business acquisition, net of acquired cash | |
Other | |
Net cash used in investing activities | -37.85M |
CASH FLOWS FROM FINANCING ACTIVITIES: | |
Purchase of treasury stock | |
Issuance of common stock | 581K |
Tax benefit associated with stock option exercises | |
Payments of assumed loans upon business acquisition | |
Payments of capital lease obligations | |
Net cash used in financing activities | 11.03M |
EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS: | -150K |
NET DECREASE IN CASH AND CASH EQUIVALENTS | -11.26M |
DISCONTINUED OPERATIONS CASH ACTIVITY INCLUDED ABOVE: | |
Add: Cash balance of discontinued operations, beginning of the period | |
Less: Cash balance of discontinued operations, end of the period | |
CASH AND CASH EQUIVALENTS, beginning of the period | 66.92M |
CASH AND CASH EQUIVALENTS, end of the period | 55.66M |