CORVEL CORP

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $29.5m $35.7m $46.7m $47.4m $46.4m $66.4m $66.4m $76.3m $95.2m $110.3m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $46.7m $47.4m $46.4m $66.4m $66.4m $76.3m $95.2m $110.3m
Depreciation, Depletion and Amortization $20.9m $21.8m $23.0m $22.5m $23.4m $23.9m $25.1m $26.3m $29.5m $31.8m
Amortization of Intangible Assets $437k $437k $440k $435k $435k $435k $425k $423k $383k $175k
Depreciation $20.5m $21.3m $22.5m $22.1m $23.0m $23.5m $24.7m $25.8m $29.2m $31.6m
Deferred Income Tax Expense (Benefit) ($1.2m) ($874k) $1.5m $1.5m ($8.4m) $2.3m ($1.9m) ($3.3m) ($5.2m) $4.8m
Share-based Payment Arrangement, Noncash Expense $2.4m $3.2m $4.3m $4.5m $5.0m $5.2m $5.6m $5.0m $5.7m $5.4m
Share-based Payment Arrangement, Expense $5.4m
Goodwill and Intangible Asset Impairment $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property ($733k) ($1.2m) ($306k) ($149k) ($590k) ($122k) ($415k) ($290k) ($443k) ($710k)
Income Tax Expense (Benefit) $18.1m $12.2m $14.8m $13.3m $12.8m $18.1m $18.2m $18.8m $25.7m $32.8m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $5.4m $4.7m $8.3m ($4.0m) $976k $18.0m ($336k) $17.9m $10.5m ($2.7m)
General and Administrative Expense $57.2m $59.4m $63.3m $65.2m $64.4m $67.6m $73.7m $76.6m $88.9m $89.7m
Goodwill $36.8m $36.8m $36.8m $36.8m $36.8m $36.8m $36.8m $36.8m $36.8m $36.8m
Proceeds from Stock Options Exercised $2.4m $3.4m $7.2m $8.1m $11.5m $9.9m $10.9m $9.3m $10.3m $7.6m
Net Cash Provided by (Used in) Operating Activities $52.1m $62.2m $78.6m $80.8m $94.4m $67.2m $82.3m $99.2m $127.3m $155.6m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $31.0m $27.7m $15.3m $32.4m $17.2m $29.8m $26.3m $29.2m $35.8m $45.4m
Net Cash Provided by (Used in) Investing Activities ($31.0m) ($27.7m) ($15.3m) ($32.4m) ($17.2m) ($29.8m) ($26.3m) ($29.2m) ($35.8m) ($45.4m)
Cash flows from financing activities:
Payments for Repurchase of Common Stock $28.0m $11.2m $35.2m $65.6m $32.7m $90.1m $93.7m $45.7m $37.6m $56.2m
Net Cash Provided by (Used in) Financing Activities ($25.2m) ($7.3m) ($27.4m) ($57.0m) ($20.6m) ($79.6m) ($82.1m) ($35.8m) ($26.5m) ($47.8m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($4.2m) $27.2m $35.9m ($8.5m) $56.5m ($42.2m) ($26.2m) $34.2m $65.0m $62.5m
Supplemental disclosure of cash flow information:
Income Taxes Paid, Net $18.3m $16.2m $12.9m $15.1m $20.8m $19.4m $20.0m $22.9m $28.1m $31.1m