Advanced energy industries inc (AEIS)
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
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

18,078

10,269

7,631

31,697

15,378

19,410

34,786

46,405

46,510

-29,590

83,864

46,052

37,535

44,281

30,361

30,531

22,281

36,265

16,432

-232,459

21,276

9,319

12,302

10,646

14,715

34,355

687

-9,782

6,826

4,849

5,735

8,928

1,069

-2,770

6,592

13,586

18,906

Income (loss) from discontinued operations, net of income taxes

320

210

-375

-8,324

9

-188

371

-285

140

-4,103

70

179

2,094

3,845

1,323

3,277

2,061

24,775

-6,881

-255,483

-4,379

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (loss) from continuing operations, net of income taxes

18,398

10,479

7,256

23,373

15,387

19,222

35,157

46,400

46,370

-29,007

83,794

45,873

35,441

40,436

29,038

27,254

20,220

11,490

23,313

23,024

25,655

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization

11,616

10,846

6,905

4,215

4,181

4,104

3,571

3,056

2,861

2,632

2,573

2,232

1,987

1,875

1,893

2,002

2,043

2,053

2,147

2,291

2,341

-5,252

5,387

5,455

4,871

-7,499

3,895

5,306

5,286

4,677

4,491

4,405

4,213

3,959

3,753

3,550

3,263

Stock-based compensation expense

3,048

2,274

917

937

3,199

2,242

1,024

1,943

4,494

1,842

3,453

3,856

3,398

2,033

1,301

1,569

1,429

897

733

693

487

-1,035

1,488

1,495

1,764

539

4,106

3,170

2,034

2,648

2,835

2,228

5,009

3,167

3,223

3,399

2,740

Provision for deferred income taxes

-1,265

-1,810

-1,684

5,158

-649

-

-

-96

0

-

-

-

-

-

-

-

-

-

-

-

-

-21,040

-3,002

2,480

1

4,842

-4,130

0

4,117

-6,474

560

-1,092

478

3,709

-165

-1

-180

Loss on foreign exchange hedge

-

-

-

-

-

-

-

-

-

-6,978

0

0

3,489

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discount on notes receivable

721

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash reserve for potential bad debts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,003

-144

2,575

-

3,119

0

0

Net loss on disposal of assets

-173

-596

-14

-84

-6

-314

-9

-20

-138

-16

-41

0

-65

-60

-46

0

-213

1,002

-1

0

18

605

-234

-556

-317

-259

-109

-23

-289

-843

-666

1,855

-632

-1,511

-61

499

-556

Changes in operating assets and liabilities, net of assets acquired:
Accounts and other receivable, net

-32,084

-4,413

29,846

-8,970

2,416

-10,184

-2,077

-8,641

17,457

11,616

11,926

-16,476

431

7,924

2,936

-809

11,552

-6,912

576

-10,779

-804

20,373

-8,961

-19,103

11,526

-17,627

-3,890

25,819

13,782

-18,447

-140

-2,230

-28,760

451

4,628

6,152

904

Inventories

6,726

-10,904

8,247

-2,273

1,243

-10,856

-9,488

14,507

17,113

4,199

-3,531

10,546

8,047

1,098

-1,371

82

6,550

11,351

6,866

-12,072

570

4,304

-262

3,225

149

-21,367

19,892

4,990

-1,429

-6,620

6,473

-1,784

2,306

-12,563

-5,916

10,017

11,927

Other assets

14,688

-9,849

-20,547

2,557

4,295

3,692

1,022

-1,375

-364

600

-1,583

904

1,109

1,285

-193

-1,261

1,527

435

-315

-313

2,559

1,410

-2,826

-3,365

176

-5,976

793

101

-167

-1,208

-3,188

210

-1,108

-2,171

1,243

2,729

-3,490

Accounts payable

-5,351

-39,770

26,356

-7,226

4,546

-4,065

-17,108

-3,377

11,932

7,537

-10,321

-598

5,194

8,338

1,003

490

9,126

-3,713

3,379

-5,130

8,684

1,994

-13,191

5,144

7,919

4,338

113

6,379

1,864

-10,383

9,845

4,652

-6,824

-6,020

2,690

-3,271

-4,212

Other liabilities and accrued expenses

9,989

-5,293

10,152

462

7,165

3,288

4,980

-7,375

2,346

-3,396

4,420

-8,797

614

-680

-1,661

-2,324

2,496

8,660

-2,145

746

2,239

-12,309

-3,007

8,972

11,479

-22,888

3,441

-165

2,389

5,305

-4,891

2,300

-1,753

-8,920

6,278

-10,233

9,751

Income taxes

919

4,858

-1,538

-8,486

-4,696

-8,551

2,267

2,189

5,642

24,698

-8,429

-1,232

3,286

-2,206

1,011

-141

1,692

8,949

-585

3,392

6,238

14,343

-8,027

4,227

542

-13,076

938

-9,030

-5,380

5,547

-1,434

11,486

-1,776

-11,627

207

2,947

386

Net cash provided by (used in) operating activities from continuing operations

28,940

19,041

10,528

11,475

6,855

32,944

30,579

53,019

34,885

49,649

33,694

63,954

42,659

44,479

34,581

35,486

12,598

14,605

24,006

46,688

38,823

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities from discontinued operations

-418

176

2,231

-505

-1,409

4,394

-2,100

-666

-1,784

38

-897

-3,943

-2,453

-3,319

25

-3,822

-741

18,049

-5,745

-21,535

-10,182

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Increase Decrease In Non Current Liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-348

Net cash provided by operating activities

28,522

19,217

12,759

10,970

5,446

37,338

28,479

52,353

33,101

49,687

32,797

60,011

40,206

41,160

34,606

31,664

11,857

32,654

18,261

25,153

28,641

19,842

10,247

40,274

6,799

39,962

5,366

-10,473

461

18,527

27,447

30,112

34,691

11,443

13,148

10,789

2,715

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

18

0

631

114

2,626

3,363

24,183

0

841

189

1,802

3,600

2,897

3,081

1,426

11,630

9,058

6,755

9,432

4,335

8,958

15,191

7,471

-22

Proceeds from sale of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

723

240

2,450

4,471

5,204

2,160

13,731

0

437

10,083

1,675

2,640

3,600

2,880

1,891

24,722

4,923

12,910

6,003

4,563

6,094

2,666

5,001

2,000

Proceeds from sale of property and equipment

10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16

Acquisitions, net of cash acquired

-

-

-

-

-

-45

84,729

3,000

6,072

0

17,347

0

0

-

-

-

-

-

-

-

-

0

30,200

-3,364

30,302

-75,374

-1,837

77,211

0

-

-

-

-

-

-

-

-

Issuance of notes receivable

1,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of foreign exchange hedge

-

-

-

-

-

-

-

-

-

0

0

0

3,489

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of property and equipment

6,134

9,507

6,815

6,430

2,436

3,744

7,160

5,503

3,923

3,396

2,238

2,017

1,391

2,297

1,659

1,527

1,338

869

1,522

1,231

392

-1,368

1,364

1,872

1,581

-4,001

2,764

2,408

1,417

3,557

2,467

1,089

3,120

4,258

5,972

4,229

4,428

Net cash provided by (used in) investing activities from continuing operations

-7,124

-

-

-

-2,436

-

-

-

-9,995

-

-760

-19,045

-4,880

-1,592

-1,419

292

3,019

1,709

-2,853

-11,683

-392

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities from discontinued operations

-

-

-

-

-

-

-

-

0

-

0

0

0

0

0

0

0

0

-14

-3

-29

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-7,124

-11,310

-372,613

-7,488

-2,436

-3,118

-91,889

-8,590

-9,995

-3,397

-760

-19,045

-4,880

-1,592

-1,419

292

3,019

1,709

-2,867

-11,686

-421

-1,848

-21,670

1,365

-32,843

-2,319

-1,128

-79,154

11,675

-23,005

3,688

-2,318

-2,892

-7,122

-18,497

-6,715

-2,390

CASH FLOWS FROM FINANCING ACTIVITIES:
Payments on long-term borrowings

4,375

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from (Repayments of) Lines of Credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,647

-10,421

1,377

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings from lines of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Settlement of performance stock units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-11,198

0

0

0

0

-

-

-

-

-

-

-

-

Purchase and retirement of common stock

7,248

-

-

-

-

26,104

30,962

25,309

12,750

4,995

24,998

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

35,183

21,934

17,895

0

0

0

Net payments related to stock-based award activities

-2,171

818

328

665

-1,707

627

-60

1,456

-4,032

588

-28

-186

-1,688

418

132

493

1,128

973

447

1,027

2,029

5,557

1,353

1,551

7,369

6,311

3,089

4,836

12,101

1,054

1,034

1,534

101

185

-66

241

1,621

Excess tax from stock-based compensation deduction

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

77

220

289

-

325

148

670

-442

74

269

-947

-177

-158

-222

-254

-439

-8

-476

-88

Other financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

-1

-1

-1

-1

-1

-1

-37

40

-5

0

68

-17

-26

-26

-26

-24

-70

23

-310

73

31

39

Net cash provided by (used in) financing activities from continuing operations

-13,794

-

-

-

-1,707

-

-

-

-16,782

-

-25,026

-186

-1,688

421

131

492

1,127

-49,614

523

1,246

2,317

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities from discontinued operations

-

-

-

-

-

-

-

-

0

-

0

0

0

-5

0

0

-24

0

0

0

-14

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-13,794

-3,557

343,439

665

-1,707

-25,477

-31,022

-23,853

-16,782

-4,407

-25,026

-186

-1,688

416

131

492

1,103

-49,614

523

1,246

2,303

4,382

-2,929

-33,727

-1,782

7,876

675

6,634

11,128

289

852

-33,895

-22,110

-18,173

-147

-266

1,494

EFFECT OF CURRENCY TRANSLATION ON CASH

-1,505

1,689

-2,253

-366

-566

-308

438

-1,327

167

1,070

-78

83

1,133

-1,382

179

-240

-489

675

-1,284

2,123

-2,981

-132

-156

-590

-72

157

474

327

-100

-281

-1,219

949

-1,910

-762

2,185

-662

-315

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

6,099

6,039

-18,668

3,781

737

8,435

-93,994

18,583

6,491

42,953

6,933

40,863

34,771

38,602

33,497

32,208

15,490

-14,576

14,633

16,836

27,542

22,244

-14,508

7,322

-27,898

45,676

5,387

-82,666

23,164

-4,470

30,768

-5,152

7,779

-14,614

-3,311

3,146

1,504

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for interest

2,240

2,430

751

242

56

57

57

58

56

39

27

0

0

0

68

50

55

144

92

52

73

64

68

83

19

-7

44

23

3

3

-1

1

14

38

-11

37

10

Cash paid for income taxes

4,545

3,222

3,439

9,562

2,371

2,010

1,964

8,812

3,404

715

1,468

2,213

918

717

1,112

2,335

1,483

1,300

763

3,787

1,311

-522

4,815

110

838

-1,492

993

8,885

5,010

287

788

1,387

1,168

5,387

3,272

8,349

6,246

Cash received for refunds of income taxes

121

225

1

1,475

61

401

31

608

95

295

297

460

396

1,788

129

128

187

458

76

4,826

17

2,125

102

5,000

34

-1,376

16

1,626

1,303

89

11

7,329

5

-92

0

7,346

176

Cash held in banks outside the United States

-

-

-

-

-

-

-

-58,689

320,753

-

43,191

-10,967

239,553

53,353

36,259

19,528

121,028

21,486

20,060

30,438

44,275

-11,542

2,584

14,479

39,052

-2,004

-1,671

16,639

14,100

-1,358

7,294

-26,785

57,034

22,193

-4,166

-9,095

58,494