TORONTO, Nov. 03, 2022 (GLOBE NEWSWIRE) — Topicus.com Inc. (TSXV:TOI) in a joint launch with Constellation Software Inc. (TSX:CSU) right now introduced monetary outcomes for Topicus.com Inc. (“Topicus” or the “Company”) for the third quarter ended September 30, 2022. Please observe that each one quantities referred to on this press launch are in Euros until in any other case acknowledged.
The following press launch ought to be learn along side the Company’s Unaudited Condensed Consolidated Interim Financial Statements for the three and 9 months ended September 30, 2022 and the accompanying notes, our Management’s Discussion and Analysis for the three and 9 months ended September 30, 2022 and the Annual Consolidated Financial Statements of Topicus.com Inc. for the 12 months ended December 31, 2021, which we ready in accordance with International Financial Reporting Standards (“IFRS”) and the Company’s annual Management’s Discussion and Analysis for the 12 months ended December 31, 2021, which will be discovered on SEDAR at www.sedar.com and on Topicus.com Inc.’s web site www.topicus.com. Additional details about Topicus.com Inc. can be out there on SEDAR at www.sedar.com.
Q3 2022 Headlines:
- Revenue elevated 29% (3% natural development) to €228.6 million in comparison with €177.1 million in Q3 2021.
- Net earnings elevated to €18.4 million (€0.15 on a diluted per share foundation) from €18.1 million (€0.09 on a diluted per share foundation).
- Acquisitions have been accomplished for combination money consideration of €35.7 million (which incorporates acquired money). Deferred funds related to these acquisitions have an estimated worth of €7.9 million leading to whole consideration of €43.6 million.
- Cash flows from operations (“CFO”) elevated €2.4 million to €10.9 million in comparison with €8.5 million in Q3 2021 representing a rise of 29%.
- Free money circulation out there to shareholders1 (“FCFA2S”) was unfavorable €0.5 million for each Q3 2022 and Q3 2021.
- On October 28, 2022 the Company’s credit score facility was amended rising the quantity out there to borrow to €550 million from €300 million.
1. See Non-IFRS measures.
Total income for the quarter ended September 30, 2022 was €228.6 million, a rise of 29%, or €51.5 million, in comparison with €177.1 million for the comparable interval in 2021. For the primary 9 months of 2022 whole revenues have been €653.0 million, a rise of twenty-two%, or €118.0 million, in comparison with €535.0 million for the comparable interval in 2021. The enhance for each the three and 9 month intervals in comparison with the identical intervals within the prior 12 months is primarily attributable to development from acquisitions because the Company skilled natural development of three% and 4% respectively. Organic development isn’t a standardized monetary measure and may not be corresponding to measures disclosed by different issuers.
Net earnings for the quarter ended September 30, 2022 elevated €0.3 million to €18.4 million in comparison with €18.1 million for a similar interval in 2021. On a per share foundation, this translated into internet earnings per primary and diluted share of €0.15 within the quarter ended September 30, 2022 in comparison with €0.09 for a similar interval in 2021. For the 9 months ended September 30, 2022, internet earnings was €58.9 million or €0.45 per primary and diluted share in comparison with a internet lack of €2,249.3 million or €32.78 per primary and diluted share for a similar interval in 2021. The internet loss per primary and diluted share for the 9 months ended September 30, 2021 primarily resulted from the €2,302.2 million redeemable most well-liked securities expense. Diluted shares excellent elevated from 129.5 million to 129.8 million for the 9 months ended September 30, 2022.
For the quarter ended September 30, 2022, CFO elevated €2.4 million to €10.9 million in comparison with €8.5 million for a similar interval in 2021 representing a rise of 29%. Many of the companies bill prospects for annual software program upkeep charges in Q1 every year leading to a disproportionate amount of money being obtained within the first quarter as in comparison with the remaining three quarters. For the 9 months ended September 30, 2022, CFO elevated €21.3 million to €154.9 million in comparison with €133.7 million for a similar interval in 2021 representing a rise of 16%.
For the quarter ended September 30, 2022, FCFA2S was unfavorable €0.5 million in comparison with unfavorable €0.5 million for a similar interval in 2021. For the 9 months ended September 30, 2022, FCFA2S decreased €30.6 million to €35.7 million in comparison with €66.3 million for a similar interval in 2021 representing a lower of 46%. The decline is primarily because of the dividend paid to the Preferred Securities holders.
Forward Looking Statements
Certain statements herein could also be “forward looking” statements that contain recognized and unknown dangers, uncertainties and different elements that will trigger the precise outcomes, efficiency or achievements of Topicus or the business to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by such forward-looking statements. Forward trying statements contain vital dangers and uncertainties, shouldn’t be learn as ensures of future efficiency or outcomes, and is not going to essentially be correct indications of whether or not or not such outcomes might be achieved. Quite a lot of elements may trigger precise outcomes to differ considerably from the outcomes mentioned within the ahead trying statements. These ahead trying statements replicate present assumptions and expectations concerning future occasions and working efficiency and are made as of the date hereof and Topicus assumes no obligation, besides as required by legislation, to replace any ahead trying statements to replicate new occasions or circumstances.
Non-IFRS Measures
Free money circulation out there to shareholders ‘‘FCFA2S’’ refers to internet money flows from working actions much less curiosity paid on lease obligations, curiosity paid on different services, credit score facility transaction prices, repayments of lease obligations, dividends paid to redeemable most well-liked securities holders, and property and gear bought, and consists of curiosity and dividends obtained. The portion of this quantity relevant to non-controlling pursuits is then deducted. Topicus believes that FCFA2S is helpful supplemental info because it offers a sign of the uncommitted money circulation that’s out there to shareholders if Topicus doesn’t make any acquisitions, or investments, and doesn’t repay any money owed. While Topicus may use the FCFA2S to pay dividends or repurchase shares, Topicus’ goal is to take a position all of our FCFA2S in acquisitions which meet Topicus’ hurdle fee.
FCFA2S isn’t a acknowledged measure beneath IFRS and, accordingly, readers are cautioned that FCFA2S shouldn’t be construed as an alternative choice to internet money flows from working actions.
The following desk reconciles FCFA2S to internet money flows from working actions:
| Three months ended September 30, | Nine months ended September 30, | |||||||||||||
| 2022 | 2021 | 2022 | 2021 | |||||||||||
| (€ in hundreds of thousands) | (€ in hundreds of thousands) | |||||||||||||
| Net money flows from working actions | 10.9 | 8.5 | 154.9 | 133.7 | ||||||||||
| Adjusted for: | ||||||||||||||
| Interest paid on lease obligations | (0.3 | ) | (0.3 | ) | (0.9 | ) | (0.9 | ) | ||||||
| Interest paid on different services | (3.4 | ) | (3.3 | ) | (7.4 | ) | (5.9 | ) | ||||||
| Credit facility transaction prices | (0.1 | ) | – | (0.1 | ) | (2.4 | ) | |||||||
| Payments of lease obligations | (5.2 | ) | (4.4 | ) | (14.8 | ) | (12.9 | ) | ||||||
| Property and gear bought | (1.2 | ) | (1.3 | ) | (4.8 | ) | (3.2 | ) | ||||||
| Dividends paid to redeemable most well-liked securities holders | – | – | (66.6 | ) | – | |||||||||
| 0.6 | (0.8 | ) | 60.3 | 108.4 | ||||||||||
| Less quantity attributable to | ||||||||||||||
| non-controlling pursuits | (1.2 | ) | 0.3 | (24.6 | ) | (42.1 | ) | |||||||
| Free money circulation out there to shareholders | (0.5 | ) | (0.5 | ) | 35.7 | 66.3 | ||||||||
| Due to rounding, sure totals could not foot. | ||||||||||||||
| Comparative monetary info amended to replicate the Combination as if it occurred earlier than the beginning of the earliest interval offered. | ||||||||||||||
About Topicus.com Inc.
Topicus’ subordinate voting shares are listed on the Toronto Venture Stock Exchange beneath the image “TOI”. Topicus acquires, manages and builds vertical market software program companies.
About Constellation Software Inc.
Constellation’s frequent shares are listed on the Toronto Stock Exchange beneath the image “CSU”. Constellation acquires, manages and builds vertical market software program companies.
For additional info:
Jamal Baksh
Chief Financial Officer
(416) 861-9677
[email protected]
www.topicus.com
SOURCE: TOPICUS.COM INC.
| Topicus.com Inc. | |||||||
| Condensed Consolidated Interim Statements of Financial Position | |||||||
| (In hundreds of euros, besides per share quantities. Due to rounding, numbers offered could not foot.) | |||||||
| Unaudited | |||||||
| September 30, 2022 | December 31, 2021 | September 30, 2021 | |||||
| Assets | |||||||
| Current belongings: | |||||||
| Cash | 135,797 | 75,326 | 66,634 | ||||
| Accounts receivable | 83,182 | 70,725 | 57,091 | ||||
| Unbilled income | 44,335 | 32,592 | 29,688 | ||||
| Inventories | 1,336 | 570 | 654 | ||||
| Other belongings | 35,413 | 21,776 | 25,005 | ||||
| 300,063 | 200,989 | 179,071 | |||||
| Non-current belongings: | |||||||
| Property and gear | 19,328 | 15,326 | 15,228 | ||||
| Right of use belongings | 56,854 | 54,382 | 52,644 | ||||
| Deferred earnings taxes | 9,135 | 6,831 | 4,779 | ||||
| Other belongings | 16,439 | 6,655 | 4,810 | ||||
| Intangible belongings | 896,251 | 744,136 | 678,777 | ||||
| 998,007 | 827,330 | 756,239 | |||||
| Total belongings | 1,298,070 | 1,028,319 | 935,310 | ||||
| Liabilities and Shareholders’ Equity | |||||||
| Current liabilities: | |||||||
| Topicus Revolving credit score facility and present portion of time period loans | 156,945 | 46,489 | 40,092 | ||||
| Loan from CSI | 33,707 | 29,116 | – | ||||
| Redeemable most well-liked securities | – | 66,614 | 66,614 | ||||
| Accounts payable and accrued liabilities | 139,581 | 135,993 | 104,637 | ||||
| Deferred income | 152,486 | 82,179 | 106,082 | ||||
| Provisions | 1,186 | 1,893 | 2,216 | ||||
| Acquisition holdback payables | 14,527 | 8,876 | 5,811 | ||||
| Lease obligations | 19,040 | 16,234 | 15,798 | ||||
| Income taxes payable | 16,826 | 11,400 | 11,850 | ||||
| 534,299 | 398,794 | 353,100 | |||||
| Non-current liabilities: | |||||||
| Term and different loans | 106,201 | 96,113 | 95,961 | ||||
| Deferred earnings taxes | 147,642 | 125,004 | 125,654 | ||||
| Acquisition holdback payables | 2,578 | 945 | 485 | ||||
| Lease obligations | 38,931 | 38,955 | 37,624 | ||||
| Other liabilities | 23,879 | 12,877 | 11,855 | ||||
| 319,231 | 273,893 | 271,579 | |||||
| Total liabilities | 853,530 | 672,687 | 624,679 | ||||
| Shareholders’ Equity: | |||||||
| Preferred shares | – | 2,047,473 | 2,047,473 | ||||
| Capital inventory | 39,412 | 39,412 | 39,412 | ||||
| Other fairness | – | (1,009,996 | ) | (999,460 | ) | ||
| Accumulated different complete earnings (loss) | 1,828 | (380 | ) | (834 | ) | ||
| Retained earnings (deficit) | 205,812 | (1,782,113 | ) | (1,794,229 | ) | ||
| Non-controlling pursuits | 197,488 | 1,061,236 | 1,018,267 | ||||
| 444,541 | 355,632 | 310,631 | |||||
| Total liabilities and shareholders’ fairness | 1,298,070 | 1,028,319 | 935,310 | ||||
| Topicus.com Inc. | ||||||||||||
| Condensed Consolidated Interim Statements of Income (Loss) | ||||||||||||
| (In hundreds of euros, besides per share quantities. Due to rounding, numbers offered could not foot.) | ||||||||||||
| Unaudited | ||||||||||||
| Three months ended September 30, | Nine months ended September 30, | |||||||||||
| 2022 | 2021 | 2022 | 2021 | |||||||||
| Revenue | ||||||||||||
| License | 6,409 | 4,638 | 18,294 | 15,777 | ||||||||
| Professional companies | 59,576 | 45,241 | 166,165 | 141,446 | ||||||||
| Hardware and different | 2,039 | 1,143 | 6,573 | 3,986 | ||||||||
| Maintenance and different recurring | 160,565 | 126,105 | 461,940 | 373,753 | ||||||||
| 228,589 | 177,126 | 652,972 | 534,961 | |||||||||
| Expenses | ||||||||||||
| Staff | 128,687 | 95,908 | 364,392 | 291,452 | ||||||||
| Hardware | 1,575 | 738 | 3,809 | 2,030 | ||||||||
| Third occasion license, upkeep and skilled companies | 18,602 | 17,311 | 54,701 | 53,100 | ||||||||
| Occupancy | 2,039 | 1,260 | 5,379 | 4,075 | ||||||||
| Travel, telecommunications, provides, software program and gear | 8,399 | 4,717 | 22,947 | 13,670 | ||||||||
| Professional charges | 3,960 | 3,394 | 11,536 | 8,361 | ||||||||
| Other, internet | 3,722 | 1,389 | 12,903 | 5,032 | ||||||||
| Depreciation | 7,333 | 6,354 | 20,536 | 18,385 | ||||||||
| Amortization of intangible belongings | 28,905 | 21,026 | 77,894 | 62,054 | ||||||||
| 203,222 | 152,095 | 574,098 | 458,159 | |||||||||
| Redeemable most well-liked securities expense (earnings) | – | – | – | 2,302,185 | ||||||||
| Impairment of intangible and different non-financial belongings | – | – | – | 1,600 | ||||||||
| Finance and different bills (earnings) | 1,700 | 2,161 | 3,380 | 8,069 | ||||||||
| 1,700 | 2,161 | 3,380 | 2,311,854 | |||||||||
| Income (loss) earlier than earnings taxes | 23,666 | 22,870 | 75,494 | (2,235,051 | ) | |||||||
| Current earnings tax expense (restoration) | 11,934 | 9,552 | 34,198 | 28,464 | ||||||||
| Deferred earnings tax expense (restoration) | (6,690 | ) | (4,778 | ) | (17,584 | ) | (14,260 | ) | ||||
| Income tax expense (restoration) | 5,245 | 4,773 | 16,614 | 14,205 | ||||||||
| Net earnings (loss) | 18,421 | 18,097 | 58,880 | (2,249,256 | ) | |||||||
| Net earnings (loss) attributable to: | ||||||||||||
| Equity holders of Topicus | 11,834 | 7,422 | 35,931 | (1,896,100 | ) | |||||||
| Non-controlling pursuits | 6,587 | 10,675 | 22,949 | (353,156 | ) | |||||||
| Net earnings (loss) | 18,421 | 18,097 | 58,880 | (2,249,256 | ) | |||||||
| Weighted common shares | ||||||||||||
| Basic shares excellent | 80,477,481 | 79,282,821 | 80,168,445 | 57,851,780 | ||||||||
| Diluted shares excellent | 129,841,819 | 129,841,819 | 129,841,819 | 129,627,794 | ||||||||
| Earnings (loss) per frequent share of Topicus | ||||||||||||
| Basic | 0.15 | 0.09 | 0.45 | (32.78 | ) | |||||||
| Diluted | 0.15 | 0.09 | 0.45 | (32.78 | ) | |||||||
| Topicus.com Inc. | ||||||||||
| Condensed Consolidated Interim Statements of Comprehensive Income (Loss) | ||||||||||
| (In hundreds of euros, besides per share quantities. Due to rounding, numbers offered could not foot.) | ||||||||||
| Unaudited | ||||||||||
| Three months ended September 30, | Nine months ended September 30, | |||||||||
| 2022 | 2021 | 2022 | 2021 | |||||||
| Net earnings (loss) | 18,421 | 18,097 | 58,880 | (2,249,256 | ) | |||||
| Items which are or could also be reclassified subsequently to internet earnings (loss): | ||||||||||
| Foreign forex translation variations from overseas operations and different | 1,742 | (731 | ) | 6,613 | 523 | |||||
| Other complete (loss) earnings for the interval, internet of earnings tax | 1,742 | (731 | ) | 6,613 | 523 | |||||
| Total complete earnings (loss) for the interval | 20,164 | 17,366 | 65,493 | (2,248,733 | ) | |||||
| Total different complete earnings (loss) attributable to: | ||||||||||
| Equity holders of Topicus | 252 | (453 | ) | 2,208 | 357 | |||||
| Non-controlling pursuits | 1,490 | (278 | ) | 4,405 | 166 | |||||
| Total different complete earnings (loss) | 1,742 | (731 | ) | 6,613 | 523 | |||||
| Total complete earnings (loss) attributable to: | ||||||||||
| Equity holders of Topicus | 12,086 | 6,969 | 38,138 | (1,895,743 | ) | |||||
| Non-controlling pursuits | 8,078 | 10,398 | 27,354 | (352,990 | ) | |||||
| Total complete earnings (loss) | 20,164 | 17,366 | 65,493 | (2,248,733 | ) | |||||
| Topicus.com Inc. |
|||||||||||||||||
| Condensed Consolidated Interim Statement of Changes in Shareholders’ Equity (Deficiency) | |||||||||||||||||
| (In hundreds of euros, besides per share quantities. Due to rounding, numbers offered could not foot.) | |||||||||||||||||
| Unaudited | |||||||||||||||||
| Nine months ended September 30, 2022 | |||||||||||||||||
| Attributable to fairness holders of Topicus | |||||||||||||||||
| Preferred Shares | Capital Stock | Other fairness | Accumulated different complete (loss) earnings | Retained earnings (Deficit) | Total | Non-controlling pursuits | Total fairness | ||||||||||
| Balance at January 1, 2022 |
2,047,473 | 39,412 | (1,009,996 | ) | (380 | ) | (1,782,113 | ) | (705,604 | ) | 1,061,236 | 355,632 | |||||
| Total complete earnings (loss) for the interval: |
|||||||||||||||||
| Net earnings (loss) | – | – | – | – | 35,931 | 35,931 | 22,949 | 58,880 | |||||||||
| Other complete earnings (loss) |
|||||||||||||||||
| Foreign forex translation variations from | |||||||||||||||||
| overseas operations and different, internet of earnings tax | – | – | – | 2,208 | – | 2,208 | 4,405 | 6,613 | |||||||||
| Total different complete earnings (loss) |
|||||||||||||||||
| for the interval | – | – | – | 2,208 | – | 2,208 | 4,405 | 6,613 | |||||||||
| Total complete earnings (loss) for the interval |
– | – | – | 2,208 | 35,931 | 38,138 | 27,354 | 65,493 | |||||||||
| Transactions with homeowners, recorded immediately in fairness | |||||||||||||||||
| Conversion of most well-liked shares to subordinate voting shares | (2,047,473 | ) | – | 2,047,473 | – | – | – | – | – | ||||||||
| Conversion of non-controlling curiosity most well-liked models to odd models and different actions in non-controlling pursuits | – | – | 912,788 | – | – | 912,788 | (912,788 | ) | – | ||||||||
| Net acquisition of non-controlling curiosity related to business mixtures and different actions | – | – | (23 | ) | (0 | ) | (166 | ) | (189 | ) | 24,478 | 24,289 | |||||
| Reductions of non-controlling curiosity related to disposals | – | – | – | – | – | – | (873 | ) | (873 | ) | |||||||
| Reclassification of different fairness to retained earnings (deficit) | – | – | (1,950,242 | ) | – | 1,950,242 | – | – | – | ||||||||
| Exchange of Topicus Coop odd models held by non-controlling pursuits to subordinate voting shares of Topicus | – | – | – | – | 1,919 | 1,919 | (1,919 | ) | – | ||||||||
| Balance at September 30, 2022 |
– | 39,412 | – | 1,828 | 205,812 | 247,052 | 197,488 | 444,541 | |||||||||
| Topicus.com Inc. | ||||||||||||||||||
| Condensed Consolidated Interim Statement of Changes in Shareholders’ Equity (Deficiency) | ||||||||||||||||||
| (In hundreds of euros, besides per share quantities. Due to rounding, numbers offered could not foot.) | ||||||||||||||||||
| Unaudited | ||||||||||||||||||
| Nine months ended September 30, 2021 | ||||||||||||||||||
| Attributable to fairness holders of Topicus | ||||||||||||||||||
| Preferred Shares | Capital Stock | Other fairness | Accumulated different complete (loss) earnings | Retained earnings (deficit) | Total | Non-controlling pursuits | Total fairness | |||||||||||
| Balance at January 1, 2021 | – | 39,412 | – | (1,409 | ) | 138,572 | 176,575 | 88,106 | 264,680 | |||||||||
| Total complete earnings (loss) for the interval: | ||||||||||||||||||
| Net earnings (loss) | – | – | – | – | (1,896,100 | ) | (1,896,100 | ) | (353,156 | ) | (2,249,256 | ) | ||||||
| Other complete earnings (loss) | ||||||||||||||||||
| Foreign forex translation variations from | ||||||||||||||||||
| overseas operations and different | – | – | – | 357 | – | 357 | 166 | 523 | ||||||||||
| Total different complete earnings (loss) for the interval | – | – | – | 357 | – | 357 | 166 | 523 | ||||||||||
| Total complete earnings (loss) for the interval | – | – | – | 357 | (1,896,100 | ) | (1,895,743 | ) | (352,990 | ) | (2,248,733 | ) | ||||||
| Transactions with homeowners, recorded immediately in fairness | ||||||||||||||||||
| Issuance of Topicus Coop Ordinary Units to non-controlling pursuits | – | – | 9,770 | 127 | – | 9,896 | (9,896 | ) | – | |||||||||
| Net acquisition of non-controlling curiosity related to acquisitions and different actions | – | – | – | 92 | (276 | ) | (184 | ) | 2,508 | 2,324 | ||||||||
| Issuance of Redeemable most well-liked securities | – | – | (1,001,469 | ) | – | – | (1,001,469 | ) | (124,797 | ) | (1,126,267 | ) | ||||||
| Dividends to frequent shareholders of the Company | – | – | – | – | (36,425 | ) | (36,425 | ) | (18,175 | ) | (54,600 | ) | ||||||
| Reclassification of Redeemable most well-liked securities of Topicus from liabilities to most well-liked shares | 2,073,205 | – | – | – | – | 2,073,205 | – | 2,073,205 | ||||||||||
| Reclassification of Redeemable most well-liked securities of Topicus Coop from liabilities to non-controlling curiosity | – | – | – | – | – | – | 1,442,910 | 1,442,910 | ||||||||||
| Exchange of Topicus Coop odd models held by non-controlling pursuits to subordinate voting shares of Topicus | – | – | (7,760 | ) | – | – | (7,760 | ) | 7,760 | – | ||||||||
| Accrued dividends to most well-liked shareholders of Topicus recorded subsequent to the Notification of Conversion | (25,731 | ) | – | – | – | – | (25,731 | ) | – | (25,731 | ) | |||||||
| Accrued dividends to desire unit holders of Topicus Coop recorded subsequent to the Notification of Conversion | – | – | – | – | – | – | (17,157 | ) | (17,157 | ) | ||||||||
| Balance at September 30, 2021 | 2,047,473 | 39,412 | (999,460 | ) | (834 | ) | (1,794,229 | ) | (707,637 | ) | 1,018,267 | 310,631 | ||||||
| Topicus.com Inc. | ||||||||||||||
| Condensed Consolidated Interim Statements of Cash Flows | ||||||||||||||
| (In hundreds of euros, besides per share quantities. Due to rounding, numbers offered could not foot.) | ||||||||||||||
| Unaudited | ||||||||||||||
| Three months ended September 30, | Nine months ended September 30, | |||||||||||||
| 2022 | 2021 | 2022 | 2021 | |||||||||||
| Cash flows from (utilized in) working actions: | ||||||||||||||
| Net earnings (loss) | 18,421 | 18,097 | 58,880 | (2,249,256 | ) | |||||||||
| Adjustments for: | ||||||||||||||
| Depreciation | 7,333 | 6,354 | 20,536 | 18,385 | ||||||||||
| Amortization of intangible belongings | 28,905 | 21,026 | 77,894 | 62,054 | ||||||||||
| Redeemable most well-liked securities expense (earnings) | – | – | – | 2,302,185 | ||||||||||
| Impairment of intangible and different non-financial belongings | – | – | – | 1,600 | ||||||||||
| Finance and different bills (earnings) | 1,700 | 2,161 | 3,380 | 8,069 | ||||||||||
| Income tax expense (restoration) | 5,245 | 4,773 | 16,614 | 14,205 | ||||||||||
| Change in non-cash working belongings and liabilities | ||||||||||||||
| unique of results of business mixtures | (40,471 | ) | (36,687 | ) | 8,517 | 4,760 | ||||||||
| Income taxes (paid) obtained | (10,211 | ) | (7,231 | ) | (30,884 | ) | (28,341 | ) | ||||||
| Net money flows from (utilized in) working actions | 10,922 | 8,493 | 154,937 | 133,660 | ||||||||||
| Cash flows from (utilized in) financing actions: | ||||||||||||||
| Interest paid on lease obligations | (310 | ) | (275 | ) | (866 | ) | (874 | ) | ||||||
| Interest paid on different services | (3,430 | ) | (3,319 | ) | (7,417 | ) | (5,861 | ) | ||||||
| Increase (lower) in Topicus Revolving Credit Facility | 5,000 | 10,000 | 105,000 | 20,000 | ||||||||||
| Proceeds from issuance of time period and different loans | 7,808 | – | 8,154 | 65,907 | ||||||||||
| Increase (lower) in mortgage from Vela Software Group | (7,904 | ) | – | (1,817 | ) | – | ||||||||
| Contribution from Vela Software Group in direction of the acquisition of Subsurface | 7,905 | – | 7,905 | – | ||||||||||
| Repayments of time period and different loans | (2,706 | ) | (411 | ) | (4,375 | ) | (411 | ) | ||||||
| Credit facility transaction prices | (145 | ) | – | (145 | ) | (2,397 | ) | |||||||
| Payments of lease obligations | (5,203 | ) | (4,438 | ) | (14,777 | ) | (12,946 | ) | ||||||
| Other financing actions | (15 | ) | – | (595 | ) | – | ||||||||
| Dividends paid to redeemable most well-liked securities holders | – | – | (66,614 | ) | – | |||||||||
| Dividends paid to frequent shareholders | – | – | – | (54,600 | ) | |||||||||
| Net money flows from (utilized in) in financing actions | 1,000 | 1,557 | 24,452 | 8,818 | ||||||||||
| Cash flows from (utilized in) investing actions: | ||||||||||||||
| Acquisition of companies | (35,660 | ) | (13,261 | ) | (143,319 | ) | (164,999 | ) | ||||||
| Cash obtained with acquired companies | 9,872 | 5,240 | 37,484 | 19,486 | ||||||||||
| Post-acquisition settlement funds, internet of receipts | (8,869 | ) | (366 | ) | (11,300 | ) | (11,373 | ) | ||||||
| Receipt of further subscription quantity from the sellers of Topicus.com B.V. | – | – | – | 27,589 | ||||||||||
| Interest, dividends and different proceeds obtained | – | 1,010 | 3,028 | 1,010 | ||||||||||
| Property and gear bought | (1,197 | ) | (1,258 | ) | (4,810 | ) | (3,191 | ) | ||||||
| Net money flows from (utilized in) investing actions | (35,853 | ) | (8,634 | ) | (118,918 | ) | (131,479 | ) | ||||||
| Effect of overseas forex on | ||||||||||||||
| money and money equivalents | 0 | (0 | ) | 0 | (0 | ) | ||||||||
| Increase (lower) in money | (23,931 | ) | 1,415 | 60,471 | 10,999 | |||||||||
| Cash, starting of interval | 159,728 | 65,218 | 75,326 | 55,635 | ||||||||||
| Cash, finish of interval | 135,797 | 66,634 | 135,797 | 66,634 | ||||||||||
