Altra industrial motion corp. (AIMC)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities
Net (Loss)/Income

127,200

35,300

51,400

25,140

35,343

40,182

40,185

24,205

37,675

24,525

-2,314

Adjustments to reconcile net income to net operating cash flows:
Depreciation

58,000

34,800

26,500

21,604

21,559

23,118

21,419

20,537

18,403

15,010

16,534

Amortization of intangible assets

70,400

25,200

9,500

8,294

8,562

9,019

6,505

6,839

6,280

5,026

5,538

Amortization of deferred financing costs

4,600

1,200

600

802

1,366

927

873

6,006

1,833

1,144

4,062

Loss on extinguishment of debt

-

-1,200

-1,800

-1,989

-

-

-

-

-

-

-

(Gain)/Loss on foreign currency, net

-

-

-

-

395

157

-742

125

-843

-313

-1,104

Gain on settlement/curtailment of other post retirement benefit and pension plans

-

-

-

-

-

-

-

-

-

189

-1,467

Amortization of inventory fair value adjustment

-

14,200

2,300

-

-

2,376

0

122

-581

-

-

Accretion of debt discount

500

100

-

4,005

3,694

3,407

3,143

4,869

2,696

303

1,912

Loss on disposal, impairment and other

-100

-300

-1,000

-8,532

-2,003

92

-147

-251

-287

360

2,891

Loss on partial settlement of pension plan

-

-5,100

-1,700

-

-

-

-

-

-

-

-

Gain on settlement of cross currency swap

-

900

-

-

-

-

-

-

-

-

-

(Benefit) provision for deferred taxes

-33,100

-10,100

-8,000

-2,850

-170

2,712

3,464

-625

4,879

6,657

-1,804

Stock-based compensation

13,600

8,100

5,300

4,230

4,004

3,101

3,173

2,696

2,471

2,136

3,267

Changes in assets and liabilities:
Trade receivables

-14,800

-1,500

8,100

4,140

-7,223

1,050

-5,791

-836

9,379

13,540

-19,267

Inventories

-5,800

14,000

2,400

-2,324

-6,049

-5,402

-6,412

-4,084

19,948

16,819

-28,180

Accounts payable and accrued liabilities

-16,200

23,400

-3,000

4,333

2,816

-6,055

-708

-6,640

8,839

21,618

-17,924

Other current assets and liabilities

-14,600

9,400

3,200

-529

3,343

-860

-2,156

-726

1,344

795

-376

Other operating assets and liabilities

4,400

-300

-5,100

-1,849

1,895

-749

3,677

3,863

7,215

3,363

234

Net cash provided by operating activities

255,900

116,300

80,500

76,641

86,816

84,499

89,625

59,918

46,901

42,764

59,388

Cash flows from investing activities
Purchase of property, plant and equipment

51,700

37,500

32,800

18,941

22,906

28,050

27,823

31,346

22,242

17,295

9,194

Proceeds from sale of Altra Industrial Motion (Changzhou) Co. Ltd.

-

-

-

-

-

-

-

-

1,484

-

-

Proceeds from sale of property

300

-

3,200

-

1,201

848

-

-

-

-

-

Acquisition of business, net of cash acquired

-

-

-

-

-

15,092

-

-

-

-

-

Proceeds from sale of land

-

-

-

-

-

-

578

0

-

-

-

A&S acquisition purchase price adjustment

29,500

-

-

-

-

-

-

-

-

532

-

Net cash provided by (used in) investing activities

-80,900

-989,400

-26,700

-206,908

-21,705

-42,294

-130,005

-38,770

-89,887

-17,827

-9,194

Cash flows from financing activities
Payments on 9% Senior Secured Notes

-

-

-

-

-

-

-

-

-

-

242,500

Payments of debt issuance costs

-

29,900

-

650

1,006

-

670

2,454

3,674

489

7,561

Payment for prior year acquisitions

-

-

-

-

-

-

-

-

-

645

-

Proceeds from issuance of Convertible Notes

-

-

-

-

-

-

-

-

85,000

-

-

Payments on Term Loan Facility

130,000

20,000

-

-

130,063

23,247

-

0

-

-

-

Payments on Revolving Credit Facility

-

281,600

79,500

31,861

14,998

9,190

-

-

-

-

-

Payments on 11 1/4% Senior Notes

-

-

-

-

-

-

-

-

-

-

4,950

Repayments of long-term line of credit

-

-

-

-

-

-

-

-

-

-

6,000

Dividend payments

44,400

20,000

18,300

11,667

14,928

15,033

7,548

4,304

-

-

-

Cash paid for redemption of convertible debt

-

-

900

-

-

-

-

-

-

-

-

Borrowing under term loan facility

-

1,336,700

-

-

-

-

-

-

-

-

207,251

Proceeds from equipment and working capital notes

-

-

-

-

-

-

2,999

1,100

-

-

-

Payments of equipment and working capital notes

-

-

-

-

-

-

0

0

-

-

-

Borrowing under Revolving Credit Facility

-

19,000

28,000

200,579

120,036

8,000

21,198

0

-

-

-

Payments of equipment, working capital notes, mortgages and other debt

1,100

900

1,200

3,308

3,864

2,236

-

-

-

-

-

Proceeds from equipment, working capital notes, mortgages and other debt

1,600

-

-

2,729

8,398

6,517

-

-

-

-

-

Shares surrendered for tax withholding

4,000

3,100

2,100

1,337

1,182

1,158

1,174

949

944

919

319

Settlement of cross currency swap

-

14,000

-

-

-

-

-

-

-

-

-

Proceeds from mortgages and other debt

-

-

-

-

-

-

0

0

-

-

1,467

Borrowing under Additional Term Loan

-

-

-

-

-

-

68,871

0

-

-

-

Payments on mortgages and other debt

-

-

-

-

-

-

756

1,199

547

642

584

Purchase of non-controlling interest in Lamiflex

-

-

-

-

-878

-

-

-

-

-

-

Purchases of common stock under share repurchase program

-

-

-

4,713

17,298

17,618

-

333

825

664

820

Proceeds from Former Term Loan Facility and Revolving Credit Facility

-

-

-

-

-

-

-

179,304

-

-

-

Net cash provided by (used in) financing activities

-177,900

986,200

-74,000

149,772

-55,783

-53,965

17,991

-29,880

64,765

-3,359

-54,016

Effect of exchange rate changes on cash and cash equivalents

1,200

3,900

3,100

-707

-6,511

-4,341

839

1,371

-1,987

-352

3,246

Net change in cash and cash equivalents

-1,700

117,000

-17,100

18,798

2,817

-16,101

-21,550

-7,361

19,792

21,226

-576

Cash paid during the period for:
Interest paid on borrowings

68,800

21,200

6,900

7,161

7,237

7,618

6,704

30,891

18,724

18,393

27,887

Income taxes paid

45,400

34,100

23,600

10,855

15,729

31,631

13,398

12,397

11,860

4,357

3,686

Non-cash Financing and Investing:
Acquisition of capital equipment under capital lease

-

-

-

-

-

-

-

-

-

212

-

Acquisition of property, plant and equipment included in accounts payable

3,900

3,400

200

459

1,129

1,642

1,179

574

577

586

-

Conversion of convertible senior notes to common stock

-

-

51,900

45,286

-

-

-

-

-

-

-

Fair value of common stock and restricted stock issued for acquisition of business

-

1,458,700

-

-

-

-

-

-

-

-

-

Acquisition of property, plant and equipment through capital leases

-

-

-

-

-

539

0

0

-

-

-

Mortgage receivable on sale of Stratford facility

-

-

-

-

-

-

-

-

623

-

-

Stromag and Guardian Business [Member]
Acquisition of business, net of cash acquired

-

-

-2,900

187,967

-

-

-

-

-

-

-

Aluminium Die Casting [Member]
Acquisition of business, net of cash acquired

-

2,700

-

-

-

-

-

-

-

-

-

A&S Business [Member]
Acquisition of business, net of cash acquired

-

949,200

-

-

-

-

-

-

-

-

-