Aegion corp (AEGN)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net loss

-19,448

3,087

-66,582

29,125

-7,990

-35,412

45,546

56,849

27,670

61,880

27,325

Loss from discontinued operations

-

-

-

-

-

-3,847

-6,461

-1,713

-587

-100

-4,070

Income (loss) from continuing operations

-

-

-

-

-

-31,565

52,007

58,562

28,257

61,980

31,395

Adjustments to reconcile to net cash used in operating activities:
Depreciation and amortization

36,163

37,855

44,419

46,719

43,791

44,312

40,329

37,658

35,532

30,732

28,440

Gain on sale of fixed assets

662

-143

59

1,916

929

310

816

397

373

-73

85

Equity-based compensation expense

7,751

7,838

10,060

10,059

7,987

5,073

5,647

6,767

6,491

6,713

4,839

Deferred income taxes

3,146

-648

-9,376

1,772

924

-16,816

-2,675

-3,004

-2,648

8,024

3,994

Non-cash restructuring charges

12,782

13,814

10,080

300

1,816

-20,592

0

0

-

-

-

Equity in earnings of affiliated companies

-

-

-

-

-

570

5,159

6,359

3,471

7,291

1,192

Non-cash portion of litigation settlement

-

-

-

-3,000

0

0

-

-

-

-

-

Goodwill impairment

0

1,389

45,390

0

43,484

51,512

0

0

-

-

-

Fixed asset impairment

-

-

-

-

-

11,870

0

0

-

-

-

Definite-lived intangible asset impairment

0

2,169

41,032

0

0

12,116

0

0

-

-

-

Impairment of assets held for sale

23,400

0

0

-

-

-

-

-

-

-

-

Debt issuance costs

-

-

-

-

3,377

157

1,964

0

0

-

-

Earnout reversal

-

-

-

-

-

-

-4,175

-10,019

-1,700

1,700

1,600

Loss on sale of businesses

-

-

-

-

-3,414

-988

11,771

-

0

-

-

Gain on sale of businesses

0

-7,048

0

0

-

-

-

0

-

-

-

(Gain) loss on foreign currency transactions

-503

-623

-2,152

-911

-80

-627

-2,425

-1,049

1,155

-98

-

Other

744

-1,278

1,562

1,044

168

-1,279

-1,588

4,793

2,915

1,246

-1,345

Changes in operating assets and liabilities (net of acquisitions):
Receivables net, retainage and contract assets

-16,416

6,821

29,847

-52,774

-12,283

41,211

-8,222

-7,875

37,236

39,214

19,363

Restricted cash related to operating activities

-

-

-

-

382

454

102

299

-663

-538

-567

Return on equity of affiliated companies

-

-

-

-

-

590

10,691

11,034

7,018

7,803

2,537

Inventories

3,413

-2,306

1,926

2,569

-6,984

5,286

736

3,376

5,974

9,677

-954

Prepaid expenses and other assets

-4,578

-614

-8,732

-16,759

28,895

-3,465

9,685

-2,754

-2,495

539

-8,991

Accounts payable and accrued expenses

-6,711

-7,339

18,803

-50,022

-582

5,997

8,944

12,634

-789

-3,781

491

Contract liabilities

5,091

-24,144

-5,924

-27,761

45,700

19,100

-6,340

-

-

-

-

Other operating

65

-457

1,798

946

-1,129

-402

2,293

-865

2,046

-962

-327

Net cash provided by operating activities of continuing operations

-

-

-

-

-

81,868

88,065

110,951

22,149

53,475

58,296

Net cash used in operating activities of discontinued operations

-

-

-

-

-

-1,045

-3,761

-230

735

446

6,162

Net cash used in operating activities

78,814

39,669

63,594

71,161

132,023

80,823

84,304

110,721

22,884

53,029

64,458

Cash flows from investing activities:
Capital expenditures

28,772

30,514

30,830

38,760

29,454

32,899

26,085

44,738

21,271

36,858

21,837

Proceeds from sale of fixed assets

1,339

3,036

707

3,310

3,173

1,547

3,435

4,401

755

482

1,855

Patent expenditures

293

299

379

1,043

1,503

1,923

2,032

552

1,130

1,346

2,705

Restricted cash related to investing activities

-

-

-

-

3,538

1,153

0

0

-

-

-

Other acquisition activity

0

9,000

9,045

84,740

0

0

143,763

-

-

-

-

Purchase of Fyfe Europe S.A. and related companies

-

-

-

-

-

0

-

-

-

-

-

Purchase of CIPP business of Leif M. Jensen A/S

-

-

-

-

-

0

-

-

-

-

-

Purchase of Concrete Solutions Limited and Building Chemical Supplies Limited

-

-

-

-

-

0

-

-

-

-

-

Other acquisition activity, net of cash acquired

-

-

-

11,567

6,662

0

0

-

-

-

-

Sale of Bayou, net of cash disposed

-

-

-

0

0

0

18,300

-

0

-

-

Sale of interest in Bayou Perma-Pipe Canada, Ltd., net of cash disposed

-

-

-

6,599

-

-

-

-

-

-

-

Sale of interests in Bayou Coating, L.L.C.

-

-

-

-

-

9,065

0

-

-

-

-

Sale of businesses, net of cash disposed

0

37,942

0

-

-

1,123

0

0

-

-

-

Payment to Fyfe Asia sellers for final net working capital

-

-

-

-

1,098

0

0

-

-

-

-

Payment from Brinderson sellers for final net working capital

-

-

-

-

-

-1,000

-

-

-

-

-

Proceeds from net foreign investment hedges

-

-

-

-

-

-

-

-

-

-

-6,818

Net cash used in investing activities of continuing operations

-

-

-

-

-

-23,240

-150,145

-82,262

-165,780

-

-237,207

Net cash provided by investing activities of discontinued operations

-

-

-

-

-

1,045

845

-1,156

-283

-

798

Purchase of Garneau, Inc. assets and remaining interests in joint ventures

-

-

-

-

-

-

-

-

-

-

11,624

Purchase of Singapore licensee

-

-

-

-

-

-

-

-

-

1,257

-

Net cash used in investing activities

-27,726

1,165

-39,547

-126,201

-39,082

-22,195

-149,300

-83,418

-166,063

-38,979

-236,409

Cash flows from financing activities:
Proceeds from issuance of common stock upon stock option exercises, including tax effects

-

-

-

1,818

2,466

8,615

594

1,178

3,610

2,302

-

Issuance of common stock in connection with acquisition of Fyfe North America

-

-

-

-

-

-

-

-

-4,000

-

-

Proceeds from issuance of common stock upon stock option exercises

956

0

823

-

-

-

-

-

-

-

-

Distributions/dividends to noncontrolling interests

-

-

-

-

-

-

-

-

-

-

959

Repurchase of common stock

30,393

25,775

37,849

44,454

27,804

31,085

27,648

12,308

5,000

-

-

Investments from non-controlling interest

0

0

158

0

0

0

0

4,939

546

2,578

4,107

Investments from non-controlling interests

-

-

-

-

239

-

-

-

-

-

-

Distributions to non-controlling interests

1,609

0

71

1,276

472

617

287

5

1,661

-

3,979

Payment of contingent consideration

0

0

500

500

684

0

2,112

0

0

-

-

Credit facility amendment fees

0

1,657

0

0

4,360

783

5,013

0

4,320

-

-

Proceeds from (payments on) notes payable, net

-273

234

639

0

-370

0

183

2,768

1,499

1,808

4,159

Purchase of or distributions to noncontrolling interests

-

-

-

-

-

-

-

-

-

-398

-

Proceeds from notes payable

-

-

-

-

-

1,284

1,541

7,160

354

1,986

2,637

Proceeds from line of credit, net

-7,000

-7,000

2,000

36,000

-45,500

18,000

0

26,000

0

-

-

Payments on line of credit

-

-

-

-

-

8,000

0

0

-

-

-

Proceeds from long-term debt

-

-

-

-

350,000

0

385,500

983

250,000

-

53,700

Principal payments on long-term debt

28,438

26,250

21,647

17,500

323,750

22,039

253,500

25,000

103,750

10,000

7,500

Net cash provided by (used in) financing activities

-66,757

-60,448

-56,447

-25,912

-50,235

-34,625

98,892

179

142,280

-5,340

172,845

Effect of exchange rate changes on cash

-2,995

-4,045

6,553

-2,148

-5,975

-7,083

-9,527

65

-7,801

55

5,849

Net increase (decrease) in cash, cash equivalents and restricted cash for the period

-18,664

-23,659

-25,847

-83,100

36,731

16,920

24,369

27,547

-8,700

8,765

6,743

Supplemental disclosures of cash flow information:
Interest

14,977

15,622

14,998

11,118

9,873

9,602

8,700

7,945

17,231

-7,046

8,173

Income taxes

-1,579

4,625

5,649

-517

8,753

12,594

11,630

18,456

10,077

-19,001

7,143