Financial Statements

Cambium Learning Group, Inc. (ABCD)

- (-%)

Cash Flow Statement

All numbers are in thousands
Year XLSX
2017
XLSX
2016
XLSX
2015
XLSX
2014
XLSX
2013
Operating Cash Flow 49,20344,47936,77323,64345,786
Net Income 45,05510,430-1,325-9,955-14,253
Depreciation & Amortization 20,76521,54821,23822,47922,414
Deferred income taxes -30,614-227-13-21-102
Stock-based compensation 865928687511890
Change in working capital 7,6599,78111,4688,39419,966
Other non-cash items 5,4732,0194,7182,23516,871
Investing Cash Flow -19,204-20,054-20,337-20,669-23,788
Investments in PPE -18,160-20,054-19,937-17,875-16,115
Acquisitions -1,044--400-3,600-7,673
Other Investing Activites ---806-
Financing Cash Flow -26,436-28,140-42,178-36,580-5,909
Debt repayment -43,650-43,850-140,977-36,003-1,290
Common Stock Repurchased ----630-4,619
Other Financing Activites 17,21415,71098,79953-
Accounts receivables 4521,262-3361,4632,314
Accounts payables 216179381311-1,706
Inventory 4821,8306433,6267,399
Other working capital 6,5096,51010,7802,99411,959
Cash at beginning of period 4,9308,64534,38767,99351,904
Cash at end of period 8,4934,9308,64534,38767,993
Capital Expenditure -18,160-20,054-19,937-17,875-16,115
Net cash flow / Change in cash 3,563-3,715-25,742-33,60616,089
Free Cash Flow 31,04324,42516,8365,76829,671

Cambium Learning Group, Inc. income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Cambium Learning Group, Inc. FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.