CorVel Corporation
Cash Flow Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $35.7M | $29.5M | $28.5M | $28.6M | $34.4M | $26.7M | $26.6M | $24.7M |
| Depreciation & Amortization | $21.8M | $20.9M | $20.0M | $18.0M | $16.4M | $15.7M | $14.7M | $12.2M |
| Depreciation | $21.3M | $20.5M | $19.5M | $18.0M | $15.9M | $15.3M | $14.1M | — |
| Amortization | $437.0K | $437.0K | $450.0K | $457.0K | $470.0K | $484.0K | $584.0K | — |
| Stock-Based Compensation | $3.2M | $2.4M | $2.2M | $2.2M | $2.1M | $997.0K | $2.3M | $2.5M |
| Net Cash from Operating Activities | $62.2M | $52.1M | $51.3M | $44.3M | $54.8M | $54.8M | $35.7M | $45.1M |
| Investing Activities | ||||||||
| Capital Expenditures | $27.7M | $31.0M | $16.8M | $22.9M | $18.3M | $14.9M | $23.2M | $18.5M |
| Business Acquisitions | — | — | — | — | — | — | $45.0K | $1.2M |
| Net Cash from Investing Activities | $-27.7M | $-31.0M | $-17.4M | — | — | $-14.9M | $-23.3M | $-19.7M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $11.2M | $28.0M | $31.5M | $31.8M | $27.2M | $30.7M | $21.6M | $30.6M |
| Net Cash from Financing Activities | $-7.3M | $-25.2M | $-26.7M | — | — | $-26.7M | $-18.1M | $-23.3M |
| Net Change in Cash | $27.2M | $-4.2M | $7.3M | $-9.4M | $15.0M | $13.2M | $-5.7M | $2.0M |
| Free Cash Flow | $34.5M | $21.0M | $34.6M | $21.4M | $36.5M | $39.9M | $12.5M | $26.6M |