← CBIZ, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $40.1m | $50.4m | $61.6m | $70.7m | $78.3m | $70.9m | $105.4m | $121.0m | $41.0m | $115.4m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | $61.6m | $70.7m | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $40.6m | $51.0m | $61.6m | $71.0m | $78.3m | $70.9m | $105.4m | $121.0m | $41.0m | $115.4m | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($542k) | ($655k) | — | — | — | — | — | — | — | — | |
| Depreciation, Depletion and Amortization | $22.1m | $23.1m | $23.7m | $22.3m | $23.1m | $27.1m | $32.9m | $36.3m | $48.1m | $98.3m | |
| Amortization of Debt Issuance Costs | — | — | — | — | — | — | — | — | — | $5.5m | |
| Amortization of Debt Issuance Costs and Discounts | $523k | $523k | — | — | — | — | — | — | — | — | |
| Depreciation | $5.4m | $5.3m | $6.1m | $8.3m | $9.6m | $10.8m | $11.2m | $12.5m | $15.3m | $23.4m | |
| Deferred Income Tax Expense (Benefit) | $4.9m | ($318k) | $2.8m | $4.9m | ($2.4m) | $6.3m | $7.9m | $5.1m | ($14.8m) | $6.4m | |
| Share-based Payment Arrangement, Noncash Expense | — | — | — | — | — | $11.4m | $14.7m | $12.3m | $13.8m | $26.0m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | $7.3m | $8.4m | $11.5m | $7.8m | |
| Share-based Payment Arrangement, Expense | $5.7m | $5.7m | $6.9m | $7.3m | $8.9m | $11.4m | $14.7m | $12.3m | $13.8m | $26.0m | |
| Income Tax Expense (Benefit) | $26.4m | $23.3m | $18.3m | $21.8m | $25.1m | $22.1m | $36.1m | $45.3m | $16.8m | $45.4m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $34.4m | $107.2m | |
| Other Nonoperating Income (Expense) | $7.0m | $14.5m | ($7.1m) | $17.7m | $16.5m | $18.2m | ($19.2m) | $21.0m | $13.5m | $33.3m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $19.2m | $13.8m | $10.7m | $15.5m | ($6.7m) | $17.0m | $61.1m | $36.1m | ($48.2m) | $27.1m | |
| Increase (Decrease) in Accounts Payable | $10.2m | $3.7m | $974k | $9.8m | ($8.8m) | $3.3m | $14.4m | $2.2m | ($18.8m) | $443k | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | $855k | $45k | $1.0m | $417k | ($509k) | $6.0m | $413k | $176k | $4.9m | $711k | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | — | ($30.5m) | $0 | $0 | — | $12.5m | |
| General and Administrative Expense | $36.3m | $33.3m | $39.2m | $44.4m | $46.1m | $56.1m | $55.0m | $58.0m | $108.8m | $121.4m | |
| Goodwill | $487.5m | $528.4m | $564.3m | $588.2m | $683.1m | $740.7m | $819.9m | $865.2m | $2.3b | $2.3b | |
| Nonoperating Income (Expense) | $1.2m | $7.9m | ($12.7m) | $12.4m | $11.0m | $20.4m | ($26.9m) | $1.1m | ($15.9m) | ($73.2m) | |
| Payments of Financing Costs | $6k | — | — | — | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | $8.1m | $8.0m | $6.3m | $10.6m | $6.5m | $7.3m | $10.0m | $8.8m | $0 | $0 | |
| Stock or Unit Option Plan Expense | $2.3m | $2.1m | $2.6m | $1.8m | $1.9m | $1.3m | $248k | $768k | $0 | $0 | |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | ($542k) | ($655k) | ($3k) | ($335k) | ($48k) | ($24k) | ($18k) | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $71.0m | $71.9m | $105.2m | $98.2m | $146.8m | $131.2m | $126.1m | $153.5m | $123.7m | $192.5m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $4.1m | $11.9m | $14.6m | $13.9m | $11.6m | $9.0m | $8.6m | $23.1m | $12.9m | $17.0m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $42.9m | $28.1m | $29.1m | $11.7m | $71.4m | $66.7m | $79.1m | $53.1m | $1.1b | $1.6m | |
| Payments to Acquire Investments | $11.4m | $15.5m | $18.4m | $27.2m | $3.4m | $27.0m | $19.8m | $14.1m | $23.2m | $43.4m | |
| Payments for (Proceeds from) Other Investing Activities | $20k | $300k | ($2.3m) | ($1.2m) | ($2.6m) | $3.9m | $7.0m | $10.6m | $34.7m | ($5.2m) | |
| Net Cash Provided by (Used in) Investing Activities | ($50.0m) | ($29.4m) | ($47.6m) | ($27.7m) | ($46.4m) | ($82.0m) | ($99.1m) | ($79.4m) | ($1.1b) | ($15.9m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | — | — | — | — | $15.4m | $8.3m | $6.8m | $15.2m | $21.4m | $34.6m | |
| Payments for Repurchase of Common Stock | $9.1m | $19.7m | $17.5m | $27.2m | $58.5m | $100.5m | $122.5m | $65.4m | $0 | $160.1m | |
| Proceeds from (Payments for) Other Financing Activities | — | — | ($1.9m) | ($606k) | ($453k) | ($171k) | ($2.1m) | $0 | — | ($437k) | |
| Net Cash Provided by (Used in) Financing Activities | ($18.4m) | ($45.6m) | ($109.4m) | ($54.5m) | ($76.6m) | ($69.0m) | ($17.3m) | ($77.1m) | $1.0b | ($145.7m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | ($17.2m) | ($51.7m) | $16.0m | $23.8m | ($19.9m) | $9.7m | ($3.0m) | $30.0m | $30.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $45.8m | ($17.2m) | $130.6m | $146.5m | $170.3m | $150.5m | $160.1m | $157.1m | $187.2m | $218.1m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $6.1m | $6.3m | $5.6m | $4.7m | $3.4m | $7.4m | $19.1m | $25.7m | $105.4m | |
| Income Taxes Paid, Net | $19.3m | $25.1m | $15.3m | $17.5m | $25.9m | $17.0m | $27.8m | $40.0m | $37.5m | $23.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.