Aaon, inc. (AAON)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Operating Activities
Net income

21,853

16,021

13,827

15,106

8,757

12,293

14,085

11,691

4,260

15,102

14,717

13,794

10,217

11,420

15,680

14,725

11,551

12,948

13,251

11,130

8,399

10,533

12,440

11,363

9,822

7,766

10,522

12,119

7,140

7,578

6,007

9,297

4,567

871

5,626

3,839

3,650

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

6,002

5,139

5,867

5,846

5,914

4,790

4,427

4,309

4,129

3,982

3,744

3,643

3,638

3,488

3,201

3,175

3,171

3,154

2,988

2,795

2,804

2,893

2,941

2,911

2,808

2,963

3,081

3,077

3,191

3,328

3,332

3,353

3,394

3,223

2,725

2,746

2,703

Amortization of bond premiums

-

-

-

-

-

2

3

3

5

8

10

13

16

33

65

68

83

98

62

45

61

127

172

173

216

245

241

177

127

-

-

-

-

1

18

47

90

Amortization of debt issuance costs

10

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for losses on accounts receivable, net of adjustments

294

0

-37

13

115

107

-22

100

-11

-1

39

-43

184

-55

72

-165

123

0

54

-43

-59

37

-51

122

-130

20

19

-167

269

-76

-6

-5

4

-47

-136

-96

-10

Provision for excess and obsolete inventories

-274

451

-150

796

357

97

-244

198

101

210

-206

200

60

205

112

171

137

289

-170

18

41

-88

67

152

4

-225

267

32

169

-

-

-

-

-

-

-

-

Share-based compensation

2,351

3,941

2,785

-334

5,407

2,248

1,915

1,975

1,724

1,353

1,431

1,884

1,645

1,185

1,129

1,095

948

815

795

843

438

600

594

572

412

709

359

303

392

669

261

195

169

171

163

171

175

Excess tax benefits from stock options exercised and restricted stock awards vested

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,354

1,098

-

228

324

356

341

117

276

109

126

234

20

13

35

99

67

10

(Gain) loss on disposition of assets

62

-41

-6

-6

-284

3

-2

4

7

1

1

-48

1

0

0

12

8

0

34

30

-5

281

0

0

24

-30

0

59

-7

-21

4

-10

23

-1,816

6

14

-6

Foreign currency transaction loss (gain)

-51

10

4

-3

16

-75

35

-12

-3

-6

41

19

5

-16

-10

0

48

-25

-61

17

-70

-38

-36

31

-31

-32

8

-24

-19

-13

47

-30

23

-

-

-1

60

Interest income on note receivable

6

6

-7

20

6

54

-13

-5

-9

7

5

6

7

7

7

7

7

7

7

8

8

6

10

10

10

9

11

10

10

-

-

-

-

-

-

-

-

Deferred

-167

1,830

96

3,203

909

1,777

426

18

420

-1,896

783

-356

720

2,344

332

-821

-1,030

2,172

-437

-120

-443

2,250

-2,400

-807

-1,154

200

172

-761

-1,205

-1,041

-112

-1,045

170

10,170

-362

489

-175

Changes in assets and liabilities:
Accounts receivable

2,789

11,316

-12,887

10,258

4,725

2,978

-2,233

-810

2,897

-7,005

14,267

-1,306

1,560

-10,388

-5,077

16,317

-7,900

4,199

399

5,572

-4,286

-10,656

1,839

7,313

6,511

-7,046

-3,960

11,390

-5,046

1,419

-9,722

17,559

390

-5,992

-2,748

4,016

-1,329

Income taxes

772

-7,363

-624

1,426

1,432

5,097

2,679

2,345

-5,673

-10,830

809

2,200

3,230

-693

-1,803

-1,956

5,989

-2,926

978

350

1,286

2,238

-228

-324

-1,429

1,289

2,189

-4,114

172

-3,914

0

-6,038

237

10,016

0

0

0

Inventories

-1,020

-6,571

3,429

3,263

-2,678

-1,473

8,471

2,047

-3,447

4,879

2,836

7,287

8,696

4,156

3,388

-2,183

4,117

-2,264

-6,300

2,654

6,969

290

699

1,869

2,755

-1,468

-481

177

1,541

-4,973

-1,492

2,387

1,807

-7,358

-3,055

6,152

5,557

Prepaid expenses and other

670

-184

-137

89

561

-264

-143

223

712

-239

-131

-41

313

-204

-263

-1,400

1,950

-230

-292

145

301

-181

-39

128

397

-315

-281

61

99

165

-239

9

82

-127

428

-181

-53

Accounts payable

2,742

-502

3,374

3,138

-5,730

-5,504

-8,646

3,141

9,833

-738

-3,020

5,065

1,736

-295

-899

4,977

-3,129

-1,308

-2,771

286

-1,316

-2,470

2,560

-19

3,441

-4,970

-1,328

2,939

-1,838

-220

-1,534

3,503

712

-470

-13,238

10,291

666

Deferred revenue

229

162

91

147

25

2,056

-713

-968

37

-158

298

40

78

83

114

110

110

51

2

72

64

191

213

174

204

257

157

201

0

-

-

-

-

-

-

-

-

Accrued liabilities

6,241

1,934

-122

5,239

73

-2,180

151

4,137

-3,924

-2,448

6,519

3,071

-776

-4,170

-2,552

4,982

-3,730

2,722

2,997

2,058

-2,925

-8,667

7,576

3,146

2,039

532

-4,784

9,089

-2,895

-4,791

-339

6,584

5,130

-3,894

975

1,340

-1,445

Net cash provided by operating activities

37,597

27,342

34,711

20,959

14,913

10,664

7,946

25,502

10,744

16,129

8,105

23,594

10,166

16,916

17,406

13,608

15,993

16,952

26,414

7,654

4,335

14,374

21,639

8,436

9,069

14,749

11,103

19,249

8,491

12,754

18,837

8,005

11,571

15,209

1,100

8,760

1,415

Investing Activities
Capital expenditures

21,877

6,335

14,047

8,012

8,772

2,940

8,403

17,474

8,451

15,277

9,589

10,776

6,071

2,977

7,802

8,493

7,332

8,192

3,471

5,717

3,587

2,560

7,664

2,287

3,616

2,634

4,458

952

997

1,565

4,491

5,132

2,959

5,276

5,731

14,637

10,270

Cash paid in business combination

-

-

-

-

-

-

0

377

6,000

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of property, plant and equipment

61

1

9

7

52

2

0

5

6

2

1

0

7

0

27

-7

8

0

33

30

0

289

1

2

27

20

12

60

0

-300

5

6

300

427

6

14

35

Investment in certificates of deposits

-

-

-

-

-

0

0

2,880

4,320

0

0

5,280

0

-

-

-

-

-

-

-

-

-

-

-

-

239

7,911

720

238

-

-

-

-

-

-

-

-

Maturities of certificates of deposits

-

-

-

-

-

2,160

3,360

3,360

1,200

2,160

480

2,880

2,392

720

3,840

4,800

1,200

1,440

0

2,020

2,638

2,565

2,841

2,501

1,403

2,160

0

720

720

-

-

-

-

0

240

436

827

Purchase of investments held to maturity

-

-

-

-

-

0

0

1,506

7,495

0

0

13,241

0

-

-

-

-

-

-

-

-

-

-

-

-

0

12,306

8,573

1,396

-

-

-

-

-

-

-

-

Maturities of investments

-

-

-

-

-

-

1,700

7,390

4,230

-

1,380

7,135

6,928

4,399

1,821

2,101

1,700

1,501

706

756

8,445

5,306

2,352

3,822

2,717

-1,310

1,605

1,100

610

-

-

-

-

571

1,738

2,874

4,181

Maturities of investments held to maturity

-

-

-

-

-

14,075

0

100

395

19,200

0

500

0

2,003

501

505

505

256

253

0

504

504

1,256

1,016

253

3,332

0

0

0

-

-

-

-

-

-

-

-

Principal payments from note receivable

12

12

11

11

17

21

16

2

14

12

22

13

13

13

13

13

13

12

14

14

14

11

17

18

17

17

12

20

20

49

5

8

7

6

7

7

7

Net cash used in investing activities

-21,804

-6,322

-10,027

-11,994

-8,703

493

-3,327

-11,380

-20,421

-7,846

-7,706

-18,769

3,269

4,158

-2,202

-14,975

-3,906

-5,463

-22,848

-2,897

8,014

6,115

-2,842

-10,103

801

1,346

-23,046

-8,345

-1,281

-9,510

-3,427

-14,746

-2,652

-4,272

-3,740

-11,306

-5,220

Financing Activities
Borrowings under revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

6,004

366

1,955

0

7,739

13,997

13,111

15,521

30,326

23,588

12,643

Payments under revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

6,004

366

1,955

0

14,998

6,738

17,686

24,911

23,989

23,599

5,004

Stock options exercised

4,500

1,300

3,600

3,690

4,010

1,500

1,200

960

1,340

585

142

675

898

382

426

546

709

155

106

1,452

1,082

410

276

292

340

481

219

413

354

943

984

14

55

121

241

73

59

Excess tax benefits from stock options exercised and restricted stock awards vested

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,354

1,098

-

228

324

356

341

117

276

109

126

234

20

13

35

99

67

10

Repurchase of stock

11,565

4,149

5,246

5,708

4,483

9,346

5,961

7,160

4,379

3,629

3,623

3,065

6,303

4,745

7,339

3,957

3,276

27,484

2,630

3,489

2,955

11,757

12,193

2,135

2,981

3,405

1,807

1,895

1,115

2,281

2,484

715

1,180

1,009

883

1,036

743

Employee taxes paid by withholding shares

953

184

43

392

588

237

52

240

568

421

127

506

560

264

118

261

180

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-8,021

-5,020

-9,994

-2,425

-1,061

-16,428

-13,208

-6,441

-3,607

-10,341

-10,436

-2,896

-5,965

-11,483

-12,851

-3,672

-2,747

-33,444

-11,303

-683

-775

-17,356

-16,462

-1,519

-2,285

-6,299

-5,183

-1,206

-652

-7,102

-11,475

6,578

-5,687

-13,202

2,827

-916

6,965

Net increase (decrease) in cash, cash equivalents and restricted cash

7,772

16,000

14,690

6,540

5,149

-5,271

-8,589

7,681

-13,284

-2,058

-10,037

1,929

7,470

9,591

2,353

-5,039

9,340

-21,955

-7,737

4,074

11,574

3,133

2,335

-3,186

7,585

9,796

-17,126

9,698

6,558

-3,858

3,935

-163

3,232

-2,265

187

-3,462

3,160