Altra industrial motion corp. (AIMC)
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 (Loss)/Income

-116,600

37,300

25,700

29,000

35,200

-5,000

12,300

19,000

9,000

12,413

13,277

15,384

10,326

1,668

5,313

9,349

8,810

6,107

10,221

9,625

9,390

9,053

6,948

12,818

11,363

7,192

10,458

10,676

11,859

-5,438

8,518

10,609

10,516

5,896

12,139

8,918

10,722

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

14,600

14,500

14,600

14,600

14,300

14,100

6,900

6,900

6,900

6,736

6,834

6,469

6,461

5,369

5,748

5,368

5,119

5,327

5,400

5,489

5,343

5,880

5,757

5,636

5,845

5,372

5,380

5,447

5,220

5,499

5,076

4,979

4,983

5,145

4,838

4,366

4,054

Amortization of intangible assets

17,500

17,500

17,500

17,600

17,800

17,900

2,400

2,400

2,500

2,361

2,454

2,340

2,345

1,910

2,122

2,143

2,119

2,125

2,137

2,100

2,200

2,135

2,339

2,326

2,219

1,623

1,662

1,607

1,613

1,787

1,731

1,658

1,663

1,712

1,705

1,499

1,364

Amortization of deferred financing costs

1,100

800

1,500

1,200

1,100

700

200

100

200

151

150

150

149

212

197

197

196

677

221

229

239

228

233

234

232

227

223

234

189

4,559

781

337

329

461

588

455

329

Impairment of goodwill and intangible asset

147,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-3

0

0

-1,797

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain)/Loss on foreign currency, net

2,000

-

1,300

200

-1,000

-

-

-

100

-

-109

-276

144

-

30

317

-217

267

3

58

67

618

-324

168

-305

-149

-438

-45

-110

169

296

-306

-34

-519

-482

209

-51

Amortization of inventory fair value adjustment

-

-

-

-

-

-

-

-

-

-47

0

0

2,347

-

-

-

-

-

-

-

-

112

113

0

2,151

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of debt discount

-

-

-

-

-

-

-

-

-

-

-

-

-

1,035

1,008

994

968

954

930

918

892

880

858

846

823

812

791

780

760

2,284

997

804

784

809

842

745

300

Loss on disposal, impairment and other

-

100

0

100

-300

0

0

-200

-100

-1,036

-38

16

58

-7,950

-171

37

-448

-1,147

271

-1,153

26

287

40

-23

-212

-

-

-

-

-

-

-

-

-

-

-

-

Loss on partial settlement of pension plan

-

-

-

-

-

0

0

0

-5,100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

3,300

3,500

3,100

3,500

3,500

4,300

1,100

1,400

1,300

757

1,390

1,402

1,751

860

1,058

1,149

1,163

773

1,016

1,105

1,110

468

803

956

874

776

630

918

849

463

690

759

784

538

559

674

700

Changes in assets and liabilities:
Trade receivables

4,700

-4,600

-20,400

-12,300

22,500

-9,000

-5,500

100

12,900

-1,601

-3,111

1,464

11,348

-6,321

1,571

803

8,087

-8,775

-11,768

3,229

10,091

-10,402

-5,577

5,072

11,957

-14,547

-1,640

-4,667

15,063

-2,970

-11,064

-7,031

20,229

27,050

-39,946

1,873

20,402

Inventories

11,800

-9,500

-2,600

-4,300

10,600

200

8,300

5,000

500

-7,078

8,005

108

1,365

-3,161

1,075

2,691

-2,929

-3,682

375

-1,751

-991

-126

-255

-3,582

-1,439

-2,961

-890

-3,224

663

-978

1,073

-3,739

-440

33,821

-22,191

4,810

3,508

Accounts payable and accrued liabilities

-900

-900

4,900

-15,300

-4,900

16,300

5,100

7,900

-5,900

5,799

413

-2,215

-6,997

1,107

1,756

8,302

-6,832

-4,290

4,844

-561

2,823

627

-6,027

-5,599

4,944

-9,905

6,790

-3,747

6,154

-6,083

2,194

-3,403

652

-713

3,251

4,231

2,070

Other current assets and liabilities

10,800

-24,900

5,800

23,000

-18,500

5,100

400

3,900

0

808

1,246

-2,906

4,052

199

-1,426

-613

1,311

734

2,683

-156

82

8,844

-5,794

-3,081

-829

-1,902

-489

-598

833

258

-814

-1,782

1,612

464

255

-2,018

2,643

Other operating assets and liabilities

2,300

4,000

-1,100

-12,900

14,400

-1,000

-4,900

3,600

2,000

-6,672

1,192

2,190

-1,810

-1,084

-239

-215

-311

835

-226

1,376

-90

-937

-23

5

206

1,811

203

763

900

915

302

2,040

606

11,469

-6,150

1,559

337

Net cash provided by operating activities

34,900

75,500

84,300

56,800

39,300

57,300

29,900

25,400

3,700

37,211

17,333

22,934

3,022

29,747

16,362

24,482

6,050

23,271

33,431

17,340

12,774

22,461

24,307

18,658

19,073

27,456

29,188

23,686

9,295

5,425

30,194

26,561

-2,262

17,794

21,952

14,455

-7,300

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

8,200

14,800

12,800

10,100

14,000

16,400

6,200

7,900

7,000

9,539

8,845

7,083

7,333

3,257

4,823

5,208

5,653

3,725

5,699

5,751

7,731

11,586

5,541

5,306

5,617

13,462

4,386

5,476

4,499

6,184

8,256

8,669

8,237

8,402

4,942

6,144

2,754

A&S acquisition purchase price adjustment

-

16,000

0

0

13,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of building

-

-

100

0

300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from cross currency interest rate swap settlement

56,200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

48,000

-30,900

-12,700

-10,100

-27,200

-965,600

-6,200

-10,600

-7,000

-9,543

-5,624

-4,200

-7,333

-191,224

-4,823

-5,208

-5,653

-3,725

-4,498

-5,751

-7,731

-11,012

-20,359

-5,306

-5,617

-115,644

-4,386

-5,476

-4,499

-6,164

-15,700

-8,669

-8,237

-8,071

-12,111

-66,951

-2,754

Cash flows from financing activities
Payments of debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,404

Proceeds from issuance of Convertible Notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

85,000

Payments on Term Loan Facility

6,000

40,000

40,000

35,000

15,000

-

-

-

-

-

-

-

-

-

-

-

-

114,036

4,582

9,086

2,359

1,769

8,828

6,389

6,261

-

0

1,875

1,875

-

-

-

-

-

-

-

-

Payments on Revolving Credit Facility

-

-

-

-

-

244,900

12,300

19,500

4,900

-

-

10,595

13,459

991

4,363

22,060

4,447

5,998

7,000

2,000

0

0

3,000

25

6,165

-

15,000

20,000

19,304

-

-

-

-

-

-

-

-

Dividend payments

11,300

11,300

11,100

10,900

11,100

5,000

5,000

5,000

5,000

5,044

4,956

4,396

3,904

-

-

-

-

7,798

3,952

0

3,178

6,389

3,241

2,707

2,696

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for redemption of convertible debt

-

-

-

-

-

-

-

-

-

-54

0

0

954

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from equipment and working capital notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

155

945

-

635

1,028

582

-551

1,915

465

1,170

-

-

-

-

-

-

-

-

Payments of equipment and working capital notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Borrowing under Revolving Credit Facility

-

-

-

-

-

0

8,000

3,000

8,000

21,000

2,000

0

5,000

-

-

-

-

114,036

0

1,000

5,000

3,000

0

5,000

0

-

-

-

-

-

-

-

-

-

-

-

-

Net payments of financing leases, mortgages, and other obligations

-100

-

-

-

-200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (payments)/proceeds from China debt

-600

-

-

-

1,200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

300

300

287

408

238

267

127

636

1,264

1,281

225

1,243

1,984

412

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Shares surrendered for tax withholding

1,900

100

1,600

200

2,100

300

1,300

0

1,500

11

1,703

223

163

49

1,185

12

91

0

1,054

0

128

-289

1,315

0

132

-

-

-

-

44

848

6

51

30

849

3

62

Additional borrowing under revolver

100,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from mortgages and other debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-219

-239

3,351

-

4,073

-635

3,647

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of variable rate demand revenue bonds related to the San Marcos facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3,000

-

-

-

-

Payments on mortgages and other debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

98

201

53

-

64

172

199

216

52

210

278

463

58

551

127

31

319

66

131

Purchases of common stock under share repurchase program

-

-

-

-

-

-

-

-

-

-

-

-

-

0

322

2,232

2,159

3,013

6,279

3,448

4,558

4,802

9,909

2,907

0

-

0

-9

9

30

75

92

136

198

227

214

186

Net cash provided by (used in) financing activities

80,100

-52,100

-53,400

-45,200

-27,200

1,022,800

-11,100

-21,800

-3,700

-24,752

-20,049

-15,452

-13,747

191,715

-7,606

-29,710

-4,627

-17,475

-20,135

-17,077

-1,096

-6,172

-26,750

-6,172

-14,871

80,153

-18,103

-23,763

-20,296

-2,588

-23,329

-649

-3,314

-4,244

-9,625

-2,583

81,217

Effect of exchange rate changes on cash and cash equivalents

-3,400

6,800

-3,800

-300

-1,500

4,400

-600

-1,300

1,400

-4,049

2,510

2,762

1,877

-885

1,502

-77

-1,247

-1,400

-1,426

339

-4,024

-768

-3,372

139

-340

1,367

2,066

889

-3,483

345

1,736

-1,954

1,244

-3,225

-442

44

1,636

Net change in cash and cash equivalents

159,600

-700

14,400

1,200

-16,600

118,900

12,000

-8,300

-5,600

-1,133

-5,830

6,044

-16,181

29,353

5,435

-10,513

-5,477

671

7,372

-5,149

-77

4,509

-26,174

7,319

-1,755

-6,668

8,765

-4,664

-18,983

-2,982

-7,099

15,289

-12,569

2,254

-226

-55,035

72,799

Cash paid during the period for:
Interest paid on borrowings

12,500

35,000

-1,500

23,900

11,400

14,900

2,700

1,800

1,800

1,487

1,661

1,955

1,797

1,305

2,272

1,230

2,354

1,242

2,200

1,231

2,564

1,114

2,538

1,251

2,715

1,143

1,917

1,061

2,583

19,043

2,596

7,949

1,303

8,262

1,725

8,663

74

Income taxes paid

9,600

8,300

12,700

16,500

7,900

22,700

3,300

5,500

2,600

5,095

6,703

8,865

2,937

3,190

2,489

3,392

1,784

4,896

3,737

5,582

1,514

8,298

8,645

13,117

1,571

-1,758

4,558

8,699

1,899

3,830

1,928

5,081

1,558

2,175

1,395

5,004

3,286

Non-cash Financing and Investing:
Conversion of convertible senior notes to common stock

-

-

-

-

-

-

-

-

-

49

0

0

51,851

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-