Component: (Network and Table)
Network
00500 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS
(http://www.K12.com/role/StatementConsolidatedStatementsOfCashFlows)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001157408 (http://www.sec.gov/CIK)
CONSOLIDATED STATEMENTS OF CASH FLOWSPeriod [Axis]
2015-07-01 - 2016-06-30
2014-07-01 - 2015-06-30
2013-07-01 - 2014-06-30
CONSOLIDATED STATEMENTS OF CASH FLOWS
 
 
 
Cash flows from operating activities
 
 
 
Net income
8,551,000  
9,326,000  
18,116,000  
Adjustments to reconcile net income to net cash provided by operating activities
 
 
 
Depreciation and amortization expense
68,225,000  
80,282,000  
86,267,000  
Stock-based compensation expense
18,616,000  
21,299,000  
22,828,000  
Excess tax benefit from stock-based compensation
6,000  
118,000  
1,679,000  
Deferred income taxes
(3,818,000) 
(3,094,000) 
(5,754,000) 
Provision for doubtful accounts
4,610,000  
9,300,000  
1,439,000  
Provision for inventory obsolescence
691,000  
1,406,000  
4,293,000  
Provision for student computer shrinkage and obsolescence
(459,000) 
(430,000) 
(526,000) 
Impairment loss on other assets
200,000  
3,200,000  
 
Expensed computer peripherals
2,625,000  
3,519,000  
 
Realized gain on sale of assets
  
(6,404,000) 
Changes in assets and liabilities:
 
 
 
Accounts receivable
14,463,000  
(1,892,000) 
(12,257,000) 
Inventories
(1,751,000) 
2,853,000  
6,272,000  
Prepaid expenses
1,860,000  
(4,073,000) 
2,735,000  
Other current assets
2,830,000  
(2,579,000) 
(1,645,000) 
Deposits and other assets
(8,910,000) 
(1,440,000) 
(212,000) 
Accounts payable
(3,900,000) 
(1,192,000) 
9,778,000  
Accrued liabilities
15,497,000  
(7,854,000) 
5,474,000  
Accrued compensation and benefits
4,255,000  
9,389,000  
(4,214,000) 
Deferred revenue
636,000  
621,000  
(1,429,000) 
Deferred rent and other liabilities
(2,437,000) 
1,562,000  
(209,000) 
Net cash provided by operating activities
121,778,000  
 
120,085,000  
 
122,873,000  
 
Cash flows from investing activities
 
 
 
Purchases of property and equipment
(5,008,000) 
(9,928,000) 
(7,405,000) 
Capitalized software development costs
(36,265,000) 
(33,755,000) 
(26,553,000) 
Capitalized curriculum development costs
(21,627,000) 
(18,057,000) 
(15,411,000) 
Mortgage note to managed school partner
  
(2,100,000) 
Net cash received on sale of assets
  
5,665,000  
Acquisition of LearnBop, Inc.
 
(6,512,000) 
 
Acquisition of LTS Education Systems, net of cash acquired
(19,953,000) 
  
Net cash used in investing activities
(82,853,000) 
 
(68,252,000) 
 
(45,804,000) 
 
Cash flows from financing activities
 
 
 
Repayments on capital lease obligations
(17,402,000) 
(21,939,000) 
(22,694,000) 
Repayments on notes payable
  
(390,000) 
Purchase of treasury stock
 
(26,452,000) 
(48,548,000) 
Proceeds from exercise of stock options
14,000  
553,000  
10,294,000  
Net proceeds from investment in noncontrolling interest
  
1,275,000  
Excess tax benefit from stock-based compensation
6,000  
118,000  
1,679,000  
Retirement of restricted stock for tax withholding
(3,394,000) 
(2,672,000) 
(5,018,000) 
Net cash used in financing activities
(20,776,000) 
 
(50,392,000) 
 
(63,402,000) 
 
Effect of foreign exchange rate changes on cash and cash equivalents
(12,000) 
(1,698,000) 
962,000  
Net change in cash and cash equivalents
18,137,000  
 
(257,000) 
 
14,629,000  
 
Cash and cash equivalents, beginning of year
195,852,000  
196,109,000  
181,480,000  
Cash and cash equivalents, end of year
213,989,000  
 
195,852,000  
 
196,109,000