Component: (Network and Table)
Network
00500 - Statement - Consolidated Statements of Cash Flows
(http://www.virtusa.com/role/StatementConsolidatedStatementsOfCashFlows)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001207074 (http://www.sec.gov/CIK)
Consolidated Statements of Cash FlowsPeriod [Axis]
2015-04-01 - 2016-03-31
2014-04-01 - 2015-03-31
2013-04-01 - 2014-03-31
Consolidated Statements of Cash Flows
 
 
 
Cash provided by operating activities:
 
 
 
Net Income
45,020,000  
42,446,000  
34,375,000  
Adjustments to reconcile net income to net cash provided by operating activities:
 
 
 
Depreciation and amortization
16,479,000  
13,552,000  
11,502,000  
Share-based compensation expense
16,179,000  
11,098,000  
8,166,000  
Reversal of contingent consideration
 
(1,833,000) 
 
Provision for doubtful accounts, net
208,000  
(134,000) 
750,000  
(Gain) or loss on disposal of property and equipment
(41,000) 
127,000  
53,000  
Deferred income taxes, net
(5,398,000) 
(2,969,000) 
1,618,000  
Foreign currency (gains) losses, net
(7,050,000) 
357,000  
396,000  
Amortization of discounts and premiums on investments
496,000  
1,242,000  
 
Amortization of debt issuance cost
109,000  
  
Excess tax benefits from stock option exercises
(2,775,000) 
(4,692,000) 
(3,198,000) 
Net changes in operating assets and liabilities:
 
 
 
Accounts receivable and unbilled receivable
(17,123,000) 
(17,128,000) 
(3,429,000) 
Prepaid expenses and other current assets
(7,832,000) 
4,497,000  
(4,905,000) 
Other long-term assets
(126,000) 
(603,000) 
(1,598,000) 
Accounts payable
(7,326,000) 
(212,000) 
(228,000) 
Accrued employee compensation and benefits
1,807,000  
(4,385,000) 
4,452,000  
Accrued expenses and other
8,734,000  
4,774,000  
(2,717,000) 
Income taxes payable
4,303,000  
1,553,000  
3,886,000  
Other long-term liabilities
227,000  
1,227,000  
(204,000) 
Net cash provided by operating activities
45,891,000  
 
48,917,000  
 
48,919,000  
 
Cash flows used for investing activities:
 
 
 
Proceeds from sale of property and equipment
90,000  
160,000  
80,000  
Purchase of short-term investments
(43,586,000) 
(14,075,000) 
(23,313,000) 
Proceeds from sale or maturity of short-term investments
115,397,000  
38,696,000  
10,802,000  
Purchase of long-term investments
(29,618,000) 
(33,720,000) 
(70,151,000) 
Proceeds from sale or maturity of long-term investments
9,200,000  
13,612,000  
800,000  
Business acquisition, net of cash acquired
(164,642,000) 
(2,660,000) 
(21,460,000) 
(Increase) decrease in restricted cash
(91,286,000) 
2,639,000  
(2,320,000) 
Purchase of property and equipment
(13,491,000) 
(14,729,000) 
(7,482,000) 
Net cash used for investing activities
(217,936,000) 
 
(10,077,000) 
 
(113,044,000) 
 
Cash flows provided by financing activities:
 
 
 
Proceeds from exercise of common stock options
1,385,000  
2,740,000  
2,575,000  
Proceeds from exercise of subsidiary stock options
1,031,000  
  
Proceeds from issuance of common stock
  
86,227,000  
Proceeds from debt
200,000,000  
  
Payment of debt issuance costs
(5,596,000) 
 
(242,000) 
Borrowings on revolving credit facility
20,000,000  
 
20,000,000  
Repayment of revolving credit facility
(20,000,000) 
 
(20,000,000) 
Payment of contingent consideration related to acquisitions
(2,097,000) 
(2,087,000) 
 
Principal payments on capital lease obligation
(132,000) 
(120,000) 
(18,000) 
Excess tax benefits from stock option exercises
2,775,000  
4,692,000  
3,198,000  
Net cash provided by financing activities
197,366,000  
 
5,225,000  
 
91,740,000  
 
Effect of exchange rate changes on cash and cash equivalents
(1,137,000) 
(2,024,000) 
(2,053,000) 
Net increase in cash and cash equivalents
24,184,000  
 
42,041,000  
 
25,562,000  
 
Cash and cash equivalents, beginning of year
124,802,000  
82,761,000  
57,199,000  
Cash and cash equivalents, end of year
148,986,000  
 
124,802,000  
 
82,761,000  
 
Supplemental disclosure of cash flow information:
 
 
 
Cash paid for interest
33,000  
24,000  
13,000  
Cash receipts from interest
5,125,000  
5,177,000  
3,337,000  
Cash paid for income tax
17,137,000  
12,696,000  
10,063,000  
Non cash investing activities
 
 
 
Assets acquired under capital lease
125,000  
269,000  
142,000