Booz Allen Hamilton Holding Corp
For the period ended Dec 31, 2023. Filed Jan 26, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Dec 31, 2023 · Filed Jan 26, 2024
BAH$87.42+0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| (Amounts in thousands) | Nine Months EndedDecember 31, | |
|---|---|---|
| 2023 | 2022 | |
| Cash flows from operating activities | ||
| Net income | $477,750 | $339,563 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 123,867 | 121,200 |
| Noncash lease expense | 40,558 | 41,632 |
| Stock-based compensation expense | 61,277 | 50,992 |
| Amortization of debt issuance costs | 3,580 | 3,329 |
| Loss on debt extinguishment | 965 | 10,251 |
| Losses (gains) on dispositions, and other | 2,188 | (45,711) |
| Changes in assets and liabilities: | ||
| Accounts receivable, net | (193,483) | (169,375) |
| Deferred income taxes and income taxes receivable / payable | (76,982) | (206,065) |
| Prepaid expenses and other current and long-term assets | (4,535) | 178,383 |
| Accrued compensation and benefits | 43,758 | 2,815 |
| Accounts payable and other accrued expenses | (323,730) | 79,550 |
| Other current and long-term liabilities | (40,145) | (40,890) |
| Net cash provided by operating activities | 115,068 | 365,674 |
| Cash flows from investing activities | ||
| Purchases of property, equipment, and software | (50,532) | (51,398) |
| Payments for business acquisitions and dispositions | (406) | (440,069) |
| Payments for cost method investments | (17,316) | (2,000) |
| Proceeds from sale of businesses | — | 53,409 |
| Net cash used in investing activities | (68,254) | (440,058) |
| Cash flows from financing activities | ||
| Proceeds from issuance of common stock | 20,899 | 18,003 |
| Stock option exercises | 14,409 | 10,705 |
| Repurchases of common stock | (303,654) | (114,075) |
| Cash dividends paid | (186,787) | (173,216) |
| Repayments on revolving credit facility, term loans, and Senior Notes | (530,937) | (406,755) |
| Net proceeds from debt issuance | 636,207 | 414,751 |
| Proceeds from revolving credit facility | 500,000 | — |
| Net cash provided by (used in) financing activities | 150,137 | (250,587) |
| Net increase (decrease) in cash and cash equivalents | 196,951 | (324,971) |
| Cash and cash equivalents––beginning of period | 404,862 | 695,910 |
| Cash and cash equivalents––end of period | $601,813 | $370,939 |
| Supplemental disclosures of cash flow information | ||
| Net cash paid during the period for: | ||
| Interest | $105,259 | $67,782 |
| Income taxes | $222,267 | $123,214 |
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