The Descartes Systems Group Inc.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $23.8M | $20.6M | $15.1M | $9.6M | $16.0M | $12.0M | $11.5M | $14.4M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $3.6M | $3.4M | $3.3M | $3.4M | $2.9M | $2.5M | $2.4M | $1.9M |
| Amortization | $30.0M | $26.2M | $21.7M | $18.0M | $14.2M | $12.0M | $11.5M | $6.9M |
| Stock-Based Compensation | $2.0M | $1.6M | $1.5M | $2.5M | $1.3M | $1.2M | $1.1M | $3.4M |
| Net Cash from Operating Activities | $72.6M | $54.2M | $49.5M | $42.6M | $30.3M | $23.9M | $19.9M | $16.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $4.9M | $4.3M | $2.7M | $2.4M | $3.5M | $4.7M | $1.7M | $1.6M |
| Business Acquisitions | $71.3M | $120.9M | $82.2M | $58.7M | $54.2M | $21.3M | $45.0M | $15.0M |
| Net Cash from Investing Activities | $-70.4M | $-129.8M | $-84.8M | $-61.1M | $-58.2M | $-26.0M | $-41.1M | $-11.5M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-211.0K | $-2.4M | $96.6M | $44.1M | $-898.0K | $-2.6M | $775.0K | $40.3M |
| Net Change in Cash | $922.0K | $-80.8M | $55.3M | $25.1M | $-27.9M | $-4.1M | $-19.9M | $42.1M |
| Free Cash Flow | $67.7M | $49.9M | $46.8M | $40.2M | $26.8M | $19.2M | $18.2M | $14.9M |