Albany international corp. (AIN)
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'11Dec'10Sep'10Jun'10Mar'10
OPERATING ACTIVITIES
Net income

7,594

29,591

40,125

34,259

29,408

17,272

28,005

29,843

7,899

5,158

15,220

1,233

10,974

15,986

13,409

10,101

13,316

37,466

9,680

-2,120

12,239

8,105

11,774

11,177

10,693

8,828

4,698

-7,379

11,511

8,218

9,463

-33,745

47,041

-7,231

16,674

8,762

16,733

20,534

3,627

7,877

5,598

Adjustments to reconcile net income to net cash (used in)/provided by operating activities:
Equity in losses/(earnings) of associated companies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-40

90

8

Depreciation

15,506

15,426

15,672

15,345

15,642

15,948

17,436

17,114

18,302

16,150

15,522

15,201

14,644

13,370

16,470

15,142

13,124

13,124

12,953

13,373

13,524

14,455

13,737

14,276

14,107

14,314

14,230

14,427

14,211

14,131

13,953

14,340

14,345

14,569

14,407

14,393

14,133

13,993

13,204

13,309

13,941

Amortization

2,564

2,405

1,582

2,409

2,314

2,665

2,366

2,559

2,646

2,550

2,608

2,632

2,649

2,867

1,975

2,817

1,696

1,709

1,790

1,811

1,830

2,096

1,999

1,821

1,801

1,723

1,567

1,654

1,663

1,320

1,593

1,767

1,786

2,133

2,261

2,312

2,177

2,063

2,256

2,276

1,954

Change in deferred taxes and other liabilities

5,817

900

13,548

319

-1,065

15,984

1,199

-6,183

-2,028

9,356

-3,263

-6,745

-612

6,529

-1,712

-1,457

2,529

-32,186

7,322

-5,928

1,275

1,426

-2,637

2,946

-214

-7,987

-283

-7,864

3,873

2,719

-1,362

-58,125

-67,119

11,282

-11,021

2,189

-2,213

5,123

-2,825

9,709

1,118

Provision for write-off of property, plant and equipment

197

2,018

-5

720

386

452

2,131

853

271

954

1,086

534

296

1,369

333

484

592

608

-156

263

152

629

557

728

1

290

264

21

44

227

0

677

-477

2,241

40

23

41

1,421

116

1,626

1,467

Fair value adjustment on available-for-sale assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,225

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in cash surrender value of life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

847

-847

Gain on disposition or involuntary conversion of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,056

165

0

961

0

0

0

0

3,763

81

-301

34,709

57,968

0

0

594

428

-

2,454

-

-

Excess tax benefit of options exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

342

261

40

16

106

39

190

420

172

352

3

26

8

3

40

18

21

14

-

12

-

-

Non-cash interest expense

151

151

151

152

151

-

150

154

-

26

211

212

211

564

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

203

210

209

405

188

188

181

196

188

188

189

188

Compensation and benefits paid or payable in Class A Common Stock

-682

650

790

1,170

-547

324

543

1,047

289

268

195

681

989

551

350

668

864

422

290

419

576

224

213

405

542

121

287

-476

-698

995

392

566

837

843

679

950

340

97

1,790

2,054

955

Write-off of pension liability adjustment due to settlement/curtailment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

110,197

8,153

0

0

0

0

-

-

-

-

Fair value adjustment on foreign currency option

64

-

-

-

-

-

-10

34

37

-

2

75

54

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for credit losses from uncollected receivables and contract assets

1,655

-

-

-

585

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency remeasurement loss/(gain) on intercompany loans

-15,387

-

-

-

1,707

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Write-off of intangible assets in a discontinued product line

-

-

-

-

-

-

-

-

-

-

4,149

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities that (used)/provided cash:
Accounts receivable

3,394

-17,312

9,950

-14,434

12,209

-20,815

2,813

12,052

25,089

2,078

4,645

14,395

741

6,205

-4,794

10,384

902

-3,983

-5,100

-4,212

13,699

16,493

4,368

-3,333

-10,964

8,399

-5,759

4,515

1,723

-1,880

-3,655

13,893

-3,368

1,896

17,091

-5,049

-1,856

-15,410

7,783

8,740

8,396

Contract assets

8,840

12,641

9,605

-3,528

481

1,546

-3,040

13,877

-2,116

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories

19,750

-13,004

3,760

1,505

16,662

-15,440

2,968

1,687

11,753

-20,300

3,944

-1,655

14,921

-366

5,511

6,027

1,348

-2,480

3,626

4,061

3,070

-11,494

1,279

1,963

8,996

-5,979

-290

-2,458

2,988

-3,189

-8,505

-3,783

3,912

-20,355

-4,062

8,940

8,372

-6,535

-2,626

-9,748

2,270

Prepaid expenses and other current assets

2,156

-1,766

-131

1,384

2,804

698

-103

1,157

4,063

1,691

601

780

1,917

-707

481

-2,561

5,382

-2,110

-133

-1,715

2,705

-1,043

-661

-1,762

2,148

-2,251

-327

-1,544

3,577

-843

-746

-619

1,616

-2,506

-281

-797

3,270

2,250

3,289

-739

-2,769

Income taxes prepaid and receivable

237

-728

-304

316

-674

948

551

5

-102

-1,876

0

2,817

0

3,943

100

-3,732

1,895

2,564

518

158

-84

-2,452

-100

7

-21

-5,422

-129

-28

-152

760

-2,840

-832

-6,560

-

-

-

-

-

-

-

-

Accounts payable

-1,046

2,687

363

-14,276

21,750

3,186

-2,728

11,420

-2,538

5,614

-4,769

-1,459

3,524

3,652

-4,443

1,267

1,632

-1,534

-3,126

-4,853

3,512

3,507

-2,128

555

-1,294

-2,969

4,516

-1,139

547

7,539

-4,216

-6,199

6,174

-2,682

-2,897

1,654

2,248

415

-3,671

-2,369

-2,075

Accrued liabilities

-15,072

1,369

3,407

-1,074

-11,095

-3,962

7,552

5,846

-1,227

778

5,425

10,071

-10,971

5,048

4,418

689

-8,843

1,220

3,381

-933

-1,587

-2,777

4,414

170

-12,849

-20,377

4,076

29,912

-8,983

-5,455

5,707

9,179

-1,815

988

9,226

1,343

-5,433

-15,958

7,487

3,429

-11,734

Income taxes payable

-3,571

2,360

-5,611

5,724

1,506

-14,179

6,766

10,020

-3,431

-3,763

3,472

1,978

-2,486

-2,601

4,932

2,903

-3,836

5,085

3,910

475

-398

775

1,819

651

-1,710

1,630

-4,101

441

-5,318

8,070

1,768

-4,486

1,956

-8,175

5,738

1,161

3,698

1,119

-431

1,758

-1,437

Noncurrent receivables

231

662

339

46

294

3,403

4,676

1,643

2,527

3,123

8,107

3,621

3,915

6,277

0

7,768

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncurrent liabilities

-60

-2,162

-2,251

-481

-1,679

854

-5,102

-854

-377

-7,623

-168

-758

-1,596

-222

-275

-3,371

-1,364

5,340

-188

8

-1,552

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

534

2,715

1,055

448

-693

-1,238

5,728

5,745

-2,424

2,120

4,495

-4,692

754

4,087

4,974

-7,291

4,801

-809

-1,723

-7,062

2,455

2,620

2,383

2,098

2,031

1,059

593

793

438

-1,750

359

1,784

383

367

25

-1,491

644

-2,640

1,556

-1,560

-117

Net cash (used in)/provided by operating activities

-6,638

73,759

43,497

58,530

24,566

71,030

44,715

35,687

-18,947

42,501

17,898

8,389

-4,572

27,725

29,185

18,648

5,382

38,765

41,893

10,943

6,409

20,196

22,463

32,689

8,848

-423

30,746

28,147

4,161

44,785

43,170

-10,780

-42,668

30,967

22,504

30,750

21,048

29,437

9,313

43,922

16,900

INVESTING ACTIVITIES
Purchase of business, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

187,000

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of property, plant and equipment

12,759

18,512

13,442

14,606

20,798

21,015

21,441

23,352

15,771

23,786

15,319

21,360

25,045

21,215

21,924

20,112

7,993

8,933

9,023

18,455

12,211

12,118

18,704

12,799

14,603

15,658

18,378

14,620

13,188

11,809

11,047

9,881

4,309

6,833

4,261

8,975

4,919

9,390

4,029

7,094

6,821

Purchased software

46

291

257

27

22

1,177

78

23

29

1,589

147

353

38

986

591

589

82

1,384

252

304

33

145

189

21

294

1,237

728

555

93

7

146

-22

30

1,594

346

705

1,047

1,667

644

873

1,073

Proceeds from sale or involuntary conversion of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,686

1,736

-

0

0

0

2,797

165

0

961

0

0

0

0

6,268

0

0

0

0

0

0

1,159

1,701

-

3,209

-

-

Proceeds from sale of discontinued operations, net of expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,000

-

-

0

0

38,081

112,573

0

0

0

0

-

-

-

-

Acquisitions, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,902

Cash received from life insurance policy terminations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-49,302

-

Net cash used in investing activities

-12,805

-49,596

-13,699

-14,633

-20,820

-22,192

-21,519

-23,375

-15,800

-25,375

-15,466

-21,713

-25,083

-21,684

-17,829

-205,965

-8,075

-10,317

-9,275

-18,759

-9,447

-12,098

-18,893

-11,859

-14,897

-13,098

-6,106

-15,175

-7,013

-11,816

-11,193

28,222

108,234

-8,427

-4,607

-8,521

-4,265

-2,010

-1,464

41,335

-9,796

FINANCING ACTIVITIES
Proceeds from borrowings

70,000

25,000

0

0

20,000

0

3,000

10,020

13,011

69,999

13,076

16,114

16,145

3,112

13,265

207,134

12,396

50,308

5,198

24,346

15,274

3,306

5,420

235

4,435

60,276

5,271

5,037

46,868

864

7,000

29,164

9,000

13,001

741

4

640

10,984

576

0

6,152

Principal payments on debt

3,006

25,003

58,006

9,004

28,004

5,299

10,471

5,653

8,490

59,336

3,569

540

20,602

10,661

871

426

22,398

55,115

37,354

4,303

5,443

14,200

6,815

17,593

6,516

63,470

18,562

18,476

32,183

3,774

29,131

11,981

57,242

28,488

29,090

980

7,017

10,324

12,369

69,738

17

Principal payments on finance lease liabilities

6,134

304

298

178

400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt acquisition costs

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,571

200

2

41

1,630

0

-

0

0

-

0

0

76

1,563

0

0

0

0

-

-

-

-

-

-

-

-

Cash received to settle swap agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-5,175

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Taxes paid in lieu of share issuance

-490

0

0

0

-971

0

0

0

-1,652

0

0

0

-1,364

0

0

0

-1,272

-2,052

0

342

261

40

16

106

39

190

420

172

352

3

26

8

3

40

18

21

14

-

12

-

-

Proceeds from options exercised

-

7

33

28

44

0

52

3

147

66

356

100

75

63

64

185

205

98

75

1,039

685

163

223

261

126

909

1,661

1,004

1,964

232

811

79

189

374

114

192

109

0

-11

49

87

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

4,471

-

-

Dividends paid

6,139

5,816

5,814

5,813

5,808

5,485

5,485

5,482

5,474

5,473

5,470

5,467

5,459

5,458

5,457

5,454

5,443

5,442

5,441

5,107

5,098

5,096

5,094

4,774

4,765

4,759

4,747

4,423

0

8,787

4,390

4,069

4,069

4,056

4,066

3,750

3,744

3,737

3,729

3,714

3,705

Net cash provided by/(used in) financing activities

54,231

-6,116

-64,085

-14,967

-15,139

-10,784

-12,904

-1,112

-2,458

9,472

4,393

10,207

-11,205

-12,944

7,001

194,693

-16,712

-12,205

-37,563

14,687

5,679

-15,787

-6,250

-21,765

-6,681

21,146

-15,957

-16,762

15,438

-11,462

-25,684

13,201

-52,119

-19,129

-32,283

-4,513

-9,998

-2,639

-19,992

-73,403

2,517

Effect of exchange rate changes on cash and cash equivalents

-7,648

3,754

-7,207

-1,082

1,023

-892

-4,443

-7,882

4,904

3,664

7,848

-1,424

2,451

-7,525

1,788

-966

3,907

-2,910

-5,749

4,765

-11,605

-7,970

-8,695

-608

-1,557

2,232

6,805

1,278

-3,471

-4,728

3,054

-6,976

8,569

-725

-12,892

1,812

8,432

-1,897

8,880

-10,939

-5,329

Increase/(decrease) in cash and cash equivalents

27,140

21,801

-41,494

27,848

-10,370

37,162

5,849

3,318

-32,301

30,262

14,673

-4,541

-38,409

-14,428

20,145

6,410

-15,498

13,333

-10,694

11,636

-8,964

-15,659

-11,375

-1,543

-14,287

9,857

15,488

-2,512

9,115

16,779

9,347

23,667

22,016

2,686

-27,278

19,528

15,217

22,891

-3,263

915

4,292

Change in cash balances of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7,887

-306

-5,352

4,376

-

-

-

-