Maximus, Inc.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $209.4M | $178.4M | $157.8M | $145.4M | $116.7M | $76.1M | $81.2M | $70.4M |
| Depreciation & Amortization | $55.8M | $58.4M | $46.8M | $42.8M | $30.9M | $26.5M | $22.8M | $18.3M |
| Depreciation | $45.2M | $49.2M | $37.0M | $32.9M | $26.3M | $18.8M | $15.1M | $12.9M |
| Amortization | $12.2M | $13.4M | $9.3M | $5.9M | $4.9M | $2.7M | $2.2M | $2.1M |
| Stock-Based Compensation | $21.4M | $18.8M | $17.2M | $17.3M | $14.6M | $12.1M | $9.5M | $7.9M |
| Net Cash from Operating Activities | $336.4M | $180.0M | $206.2M | $213.6M | $120.9M | $115.2M | $96.9M | $138.4M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | $99.0M | $36.3M | $43.6M | $18.4M | $18.5M | $13.9M |
| Business Acquisitions | $2.7M | $46.7M | $289.2M | $2.7M | $68.1M | $66.0M | $1.0M | $12.0M |
| Net Cash from Investing Activities | $-25.2M | $-87.1M | $-393.9M | $-49.4M | $-129.8M | $-86.6M | $-25.9M | $-32.4M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | $12.2M | $12.3M | $12.2M | $10.3M | $8.4M |
| Stock Repurchases | $28.9M | $33.3M | $82.8M | $111.1M | $33.3M | $13.0M | $56.5M | $40.2M |
| Net Cash from Financing Activities | $-215.4M | $-96.8M | $111.1M | $-127.1M | $-41.9M | $-17.8M | $-51.6M | $-42.4M |
| Net Change in Cash | $100.1M | $-8.5M | $-83.4M | $32.5M | $-63.7M | $16.4M | $17.6M | $67.5M |
| Free Cash Flow | — | — | $107.2M | $177.3M | $77.4M | $96.8M | $78.4M | $124.5M |