U.S. Physical Therapy, Inc.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $22.3M | $20.6M | $20.6M | $19.1M | $12.7M | $17.9M | $21.0M | $15.6M |
| Depreciation & Amortization | $9.7M | $8.8M | $8.0M | $6.7M | $5.6M | $5.3M | $5.4M | $5.7M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $2.7M | $2.4M | $1.7M | $1.5M | $893.0K | $838.0K | $695.0K | $557.0K |
| Stock-Based Compensation | $5.0M | $5.0M | $4.5M | $3.4M | $2.7M | $2.1M | $2.0M | $1.3M |
| Net Cash from Operating Activities | $56.5M | $51.1M | $37.5M | $45.2M | $44.8M | $39.2M | $32.7M | $30.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $7.1M | $8.3M | $6.3M | $5.2M | $4.6M | $4.2M | $3.2M | $3.7M |
| Business Acquisitions | $36.7M | $23.6M | $19.0M | $12.3M | $46.6M | $7.9M | $9.5M | $18.2M |
| Net Cash from Investing Activities | $-43.6M | $-32.5M | $-26.1M | $-22.9M | $-52.4M | $-14.1M | $-31.6M | $-21.6M |
| Financing Activities | ||||||||
| Dividends Paid | $10.1M | $8.5M | $7.4M | $5.9M | $4.8M | $9.0M | $3.8M | — |
| Stock Repurchases | — | — | — | — | — | — | $4.7M | $1.4M |
| Net Cash from Financing Activities | $-11.1M | $-14.3M | $-9.9M | $-20.9M | $8.9M | $-23.5M | $-245.0K | $-6.1M |
| Net Change in Cash | $1.9M | $4.3M | $1.5M | $1.4M | $1.2M | $1.7M | $804.0K | $2.8M |
| Free Cash Flow | $49.4M | $42.8M | $31.3M | $40.0M | $40.2M | $35.0M | $29.4M | $26.8M |