Aaon, inc. (AAON)
CashFlow / TTM
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

66,807

53,711

49,983

50,241

46,826

42,329

45,138

45,770

47,873

53,830

50,148

51,111

52,042

53,376

54,904

52,475

48,880

45,728

43,313

42,502

42,735

44,158

41,391

39,473

40,229

37,547

37,359

32,844

30,022

27,449

20,742

20,361

14,903

13,986

0

0

0

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

22,854

22,766

22,417

20,977

19,440

17,655

16,847

16,164

15,498

15,007

14,513

13,970

13,502

13,035

12,701

12,488

12,108

11,741

11,480

11,433

11,549

11,553

11,623

11,763

11,929

12,312

12,677

12,928

13,204

13,407

13,302

12,695

12,088

11,397

0

0

0

Amortization of bond premiums

-

-

-

-

-

13

19

26

36

47

72

127

182

249

314

311

288

266

295

405

533

688

806

875

879

790

0

0

0

-

-

-

-

156

0

0

0

Amortization of debt issuance costs

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for losses on accounts receivable, net of adjustments

270

91

198

213

300

174

66

127

-16

179

125

158

36

-25

30

12

134

-48

-11

-116

49

-22

-39

31

-258

141

45

20

182

-83

-54

-184

-275

-289

0

0

0

Provision for excess and obsolete inventories

823

1,454

1,100

1,006

408

152

265

303

305

264

259

577

548

625

709

427

274

178

-199

38

172

135

-2

198

78

243

0

0

0

-

-

-

-

-

-

-

-

Share-based compensation

8,743

11,799

10,106

9,236

11,545

7,862

6,967

6,483

6,392

6,313

6,145

5,843

5,054

4,357

3,987

3,653

3,401

2,891

2,676

2,475

2,204

2,178

2,287

2,052

1,783

1,763

1,723

1,625

1,517

1,294

796

698

674

680

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

1,249

1,138

1,090

843

628

745

489

393

302

167

214

211

0

0

0

(Gain) loss on disposition of assets

9

-337

-293

-289

-279

12

10

13

-39

-45

-46

-47

13

20

20

54

72

59

340

306

276

305

-6

-6

53

22

31

35

-34

-4

-1,799

-1,797

-1,773

-1,802

0

0

0

Foreign currency transaction loss (gain)

-40

27

-58

-27

-36

-55

14

20

51

59

49

-2

-21

22

13

-38

-21

-139

-152

-127

-113

-74

-68

-24

-79

-67

-48

-9

-15

27

0

0

0

-

-

0

0

Interest income on note receivable

25

25

73

67

42

27

-20

-2

9

25

25

27

28

28

28

28

29

30

29

32

34

36

39

40

40

40

0

0

0

-

-

-

-

-

-

-

-

Deferred

4,962

6,038

5,985

6,315

3,130

2,641

-1,032

-675

-1,049

-749

3,491

3,040

2,575

825

653

-116

585

1,172

1,250

-713

-1,400

-2,111

-4,161

-1,589

-1,543

-1,594

-2,835

-3,119

-3,403

-2,028

9,183

8,933

10,467

10,122

0

0

0

Changes in assets and liabilities:
Accounts receivable

11,476

13,412

5,074

15,728

4,660

2,832

-7,151

9,349

8,853

7,516

4,133

-15,211

2,412

-7,048

7,539

13,015

2,270

5,884

-8,971

-7,531

-5,790

5,007

8,617

2,818

6,895

-4,662

3,803

-1,959

4,210

9,646

2,235

9,209

-4,334

-6,053

0

0

0

Income taxes

-5,789

-5,129

7,331

10,634

11,553

4,448

-11,479

-13,349

-13,494

-4,591

5,546

2,934

-1,222

1,537

-696

2,085

4,391

-312

4,852

3,646

2,972

257

-692

1,725

-2,065

-464

-5,667

-7,856

-9,780

-9,715

4,215

4,215

10,253

10,016

0

0

0

Inventories

-899

-2,557

2,541

7,583

6,367

5,598

11,950

6,315

11,555

23,698

22,975

23,527

14,057

9,478

3,058

-6,630

-1,793

1,059

3,613

10,612

9,827

5,613

3,855

2,675

983

-231

-3,736

-4,747

-2,537

-2,271

-4,656

-6,219

-2,454

1,296

0

0

0

Prepaid expenses and other

438

329

249

243

377

528

553

565

301

-98

-63

-195

-1,554

83

57

28

1,573

-76

-27

226

209

305

171

-71

-138

-436

44

86

34

17

-275

392

202

67

0

0

0

Accounts payable

8,752

280

-4,722

-16,742

-16,739

-1,176

3,590

9,216

11,140

3,043

3,486

5,607

5,519

654

-359

-2,231

-6,922

-5,109

-6,271

-940

-1,245

3,512

1,012

-2,876

82

-5,197

-447

-653

-89

2,461

2,211

-9,493

-2,705

-2,751

0

0

0

Deferred revenue

629

425

2,319

1,515

400

412

-1,802

-791

217

258

499

315

385

417

385

273

235

189

329

540

642

782

848

792

819

615

0

0

0

-

-

-

-

-

-

-

-

Accrued liabilities

13,292

7,124

3,010

3,283

2,181

-1,816

-2,084

4,284

3,218

6,366

4,644

-4,427

-2,516

-5,470

1,422

6,971

4,047

4,852

-6,537

-1,958

-870

4,094

13,293

933

6,876

1,942

-3,381

1,064

-1,441

6,584

7,481

8,795

3,551

-3,024

0

0

0

Net cash provided by operating activities

120,609

97,925

81,247

54,482

59,025

54,856

60,321

60,480

58,572

57,994

58,781

68,082

58,096

63,923

63,959

72,967

67,013

55,355

52,777

48,002

48,784

53,518

53,893

43,357

54,170

53,592

51,597

59,331

48,087

51,167

53,622

35,885

36,640

26,484

0

0

0

Investing Activities
Capital expenditures

50,271

37,166

33,771

28,127

37,589

37,268

49,605

50,791

44,093

41,713

29,413

27,626

25,343

26,604

31,819

27,488

24,712

20,967

15,335

19,528

16,098

16,127

16,201

12,995

11,660

9,041

7,972

8,005

12,185

14,147

17,858

19,098

28,603

35,914

0

0

0

Cash paid in business combination

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of property, plant and equipment

78

69

70

61

59

13

13

14

9

10

8

34

27

28

28

34

71

63

352

320

292

319

50

61

119

92

-228

-235

-289

11

738

739

747

482

0

0

0

Investment in certificates of deposits

-

-

-

-

-

7,200

7,200

7,200

9,600

5,280

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

9,108

0

0

0

-

-

-

-

-

-

-

-

Maturities of certificates of deposits

-

-

-

-

-

10,080

10,080

7,200

6,720

7,912

6,472

9,832

11,752

10,560

11,280

7,440

4,660

6,098

7,223

10,064

10,545

9,310

8,905

6,064

4,283

3,600

0

0

0

-

-

-

-

1,503

0

0

0

Purchase of investments held to maturity

-

-

-

-

-

9,001

9,001

9,001

20,736

13,241

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

22,275

0

0

0

-

-

-

-

-

-

-

-

Maturities of investments

-

-

-

-

-

-

0

0

17,002

-

19,842

20,283

15,249

10,021

7,123

6,008

4,663

11,408

15,213

16,859

19,925

14,197

7,581

6,834

4,112

2,005

0

0

0

-

-

-

-

9,364

0

0

0

Maturities of investments held to maturity

-

-

-

-

-

14,570

19,695

19,695

20,095

19,700

2,503

3,004

3,009

3,514

1,767

1,519

1,014

1,013

1,261

2,264

3,280

3,029

5,857

4,601

3,585

3,332

0

0

0

-

-

-

-

-

-

-

-

Principal payments from note receivable

46

51

60

65

56

53

44

50

61

60

61

52

52

52

51

52

53

54

53

56

60

63

69

64

66

69

101

94

82

69

26

28

27

27

0

0

0

Net cash used in investing activities

-50,147

-37,046

-30,231

-23,531

-22,917

-34,635

-42,974

-47,353

-54,742

-31,052

-19,048

-13,544

-9,750

-16,925

-26,546

-47,192

-35,114

-23,194

-11,616

8,390

1,184

-6,029

-10,798

-31,002

-29,244

-31,326

-42,182

-22,563

-28,964

-30,335

-25,097

-25,410

-21,970

-24,538

0

0

0

Financing Activities
Borrowings under revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,325

8,325

10,060

23,691

34,847

50,368

72,955

82,546

82,078

0

0

0

Payments under revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,325

8,325

17,319

23,691

39,422

64,333

73,324

90,185

77,503

0

0

0

Stock options exercised

13,090

12,600

12,800

10,400

7,670

5,000

4,085

3,027

2,742

2,300

2,097

2,381

2,252

2,063

1,836

1,516

2,422

2,795

3,050

3,220

2,060

1,318

1,389

1,332

1,453

1,467

1,929

2,694

2,295

1,996

1,174

431

490

494

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

1,249

1,138

1,090

843

628

745

489

393

302

167

214

211

0

0

0

Repurchase of stock

26,668

19,586

24,783

25,498

26,950

26,846

21,129

18,791

14,696

16,620

17,736

21,452

22,344

19,317

42,056

37,347

36,879

36,558

20,831

30,394

29,040

29,066

20,714

10,328

10,088

8,222

7,098

7,775

6,595

6,660

5,388

3,787

4,108

3,671

0

0

0

Employee taxes paid by withholding shares

1,572

1,207

1,260

1,269

1,117

1,097

1,281

1,356

1,622

1,614

1,457

1,448

1,203

823

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-25,460

-18,500

-29,908

-33,122

-37,138

-39,684

-33,597

-30,825

-27,280

-29,638

-30,780

-33,195

-33,971

-30,753

-52,714

-51,166

-48,177

-46,205

-30,117

-35,276

-36,112

-37,622

-26,565

-15,286

-14,973

-13,340

-14,143

-20,435

-12,651

-17,686

-23,786

-9,484

-16,978

-4,326

0

0

0

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

45,002

42,379

21,108

-2,171

-1,030

-19,463

-16,250

-17,698

-23,450

-2,696

8,953

21,343

14,375

16,245

-15,301

-25,391

-16,278

-14,044

11,044

21,116

13,856

9,867

16,530

-2,931

9,953

8,926

-4,728

16,333

6,472

3,146

4,739

991

-2,308

-2,380

0

0

0