ALBANY INTERNATIONAL CORP. AIN Cash Flow

Albany international corp. (AIN)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
OPERATING ACTIVITIES
Net income
111,569	133,383	121,064	108,944	104,528	83,019	70,905	58,120	29,510	32,585	43,413	41,602	50,470	52,812	74,292	70,563	58,342	57,265	27,904	29,998	43,295	41,749	42,472	35,396	16,840	17,658	17,048	21,813	-4,553	30,977	15,528	22,739	65,246	34,938	62,703	49,656	48,771	37,636	0	0	0
Adjustments to reconcile net income to net cash (used in)/provided by operating activities:
Equity in losses/(earnings) of associated companies
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Depreciation
61,949	62,085	62,607	64,371	66,140	68,800	69,002	67,088	65,175	61,517	58,737	59,685	59,626	58,106	57,860	54,343	52,574	52,974	54,305	55,089	55,992	56,575	56,434	56,927	57,078	57,182	56,999	56,722	56,635	56,769	57,207	57,661	57,714	57,502	56,926	55,723	54,639	54,447	0	0	0
Amortization
8,960	8,710	8,970	9,754	9,904	10,236	10,121	10,363	10,436	10,439	10,756	10,123	10,308	9,355	8,197	8,012	7,006	7,140	7,527	7,736	7,746	7,717	7,344	6,912	6,745	6,607	6,204	6,230	6,343	6,466	7,279	7,947	8,492	8,883	8,813	8,808	8,772	8,549	0	0	0
Change in deferred taxes and other liabilities
20,584	13,702	28,786	16,437	9,935	8,972	2,344	-2,118	-2,680	-1,264	-4,091	-2,540	2,748	5,889	-32,826	-23,792	-28,263	-29,517	4,095	-5,864	3,010	1,521	-7,892	-5,538	-16,348	-12,261	-1,555	-2,634	-52,895	-123,887	-115,324	-124,983	-64,669	237	-5,922	2,274	9,794	13,125	0	0	0
Provision for write-off of property, plant and equipment
2,930	3,119	1,553	3,689	3,822	3,707	4,209	3,164	2,845	2,870	3,285	2,532	2,482	2,778	2,017	1,528	1,307	867	888	1,601	2,066	1,915	1,576	1,283	576	619	556	292	948	427	2,441	2,481	1,827	2,345	1,525	1,601	3,204	4,630	0	0	0
Fair value adjustment on available-for-sale assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in cash surrender value of life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Gain on disposition or involuntary conversion of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,056	1,221	1,221	2,182	1,126	961	961	0	3,763	3,844	3,543	38,252	92,457	92,376	92,677	58,562	1,022	3,476	0	0	-	0	-	-
Excess tax benefit of options exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	643	659	423	201	351	755	821	1,134	947	553	389	40	77	69	82	93	65	0	0	-	0	-	-
Non-cash interest expense
605	605	604	607	0	-	0	0	-	660	1,198	987	775	564	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	1,027	1,012	990	962	753	753	753	761	753	0	0	0
Compensation and benefits paid or payable in Class A Common Stock
1,928	2,063	1,737	1,490	1,367	2,203	2,147	1,799	1,433	2,133	2,416	2,571	2,558	2,433	2,304	2,244	1,995	1,707	1,509	1,432	1,418	1,384	1,281	1,355	474	-766	108	213	1,255	2,790	2,638	2,925	3,309	2,812	2,066	3,177	4,281	4,896	0	0	0
Write-off of pension liability adjustment due to settlement/curtailment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	118,350	118,350	118,350	8,153	0	0	0	0	-	-	-	-
Fair value adjustment on foreign currency option
0	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for credit losses from uncollected receivables and contract assets
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency remeasurement loss/(gain) on intercompany loans
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Write-off of intangible assets in a discontinued product line
-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities that (used)/provided cash:
Accounts receivable
-18,402	-9,587	-13,090	-20,227	6,259	19,139	42,032	43,864	46,207	21,859	25,986	16,547	12,536	12,697	2,509	2,203	-12,393	404	20,880	30,348	31,227	6,564	-1,530	-11,657	-3,809	8,878	-1,401	703	10,081	4,990	8,766	29,512	10,570	12,082	-5,224	-14,532	-743	9,509	0	0	0
Contract assets
27,558	19,199	8,104	-4,541	12,864	10,267	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories
12,011	8,923	6,487	5,695	5,877	968	-3,892	-2,916	-6,258	-3,090	16,844	18,411	26,093	12,520	10,406	8,521	6,555	8,277	-737	-3,084	-5,182	744	6,259	4,690	269	-5,739	-2,949	-11,164	-12,489	-11,565	-28,731	-24,288	-11,565	-7,105	6,715	8,151	-10,537	-16,639	0	0	0
Prepaid expenses and other current assets
1,643	2,291	4,755	4,783	4,556	5,815	6,808	7,512	7,135	4,989	2,591	2,471	-870	2,595	1,192	578	1,424	-1,253	-186	-714	-761	-1,318	-2,526	-2,192	-1,974	-545	863	444	1,369	-592	-2,255	-1,790	-1,968	-314	4,442	8,012	8,070	2,031	0	0	0
Income taxes prepaid and receivable
-479	-1,390	286	1,141	830	1,402	-1,422	-1,973	839	941	6,760	6,860	311	2,206	827	1,245	5,135	3,156	-1,860	-2,478	-2,629	-2,566	-5,536	-5,565	-5,600	-5,731	451	-2,260	-3,064	-9,472	0	0	0	-	-	-	-	-	-	-	-
Accounts payable
-12,272	10,524	11,023	7,932	33,628	9,340	11,768	9,727	-3,152	2,910	948	1,274	4,000	2,108	-3,078	-1,761	-7,881	-6,001	-960	38	5,446	640	-5,836	808	-886	955	11,463	2,731	-2,329	3,298	-6,923	-5,604	2,249	-1,677	1,420	646	-3,377	-7,700	0	0	0
Accrued liabilities
-11,370	-7,393	-12,724	-8,579	-1,659	8,209	12,949	10,822	15,047	5,303	9,573	8,566	-816	1,312	-2,516	-3,553	-5,175	2,081	-1,916	-883	220	-11,042	-28,642	-28,980	762	4,628	19,550	21,181	448	7,616	14,059	17,578	9,742	6,124	-10,822	-12,561	-10,475	-16,776	0	0	0
Income taxes payable
-1,098	3,979	-12,560	-183	4,113	-824	9,592	6,298	-1,744	-799	363	1,823	2,748	1,398	9,084	8,062	5,634	9,072	4,762	2,671	2,847	1,535	2,390	-3,530	-3,740	-7,348	-908	4,961	34	7,308	-8,937	-4,967	680	2,422	11,716	5,547	6,144	1,009	0	0	0
Noncurrent receivables
1,278	1,341	4,082	8,419	10,016	12,249	11,969	15,400	17,378	18,766	21,920	13,813	17,960	14,045	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncurrent liabilities
-4,954	-6,573	-3,557	-6,408	-6,781	-5,479	-13,956	-9,022	-8,926	-10,145	-2,744	-2,851	-5,464	-5,232	330	417	3,796	3,608	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
4,752	3,525	-428	4,245	9,542	7,811	11,169	9,936	-501	2,677	4,644	5,123	2,524	6,571	1,675	-5,022	-4,793	-7,139	-3,710	396	9,556	9,132	7,571	5,781	4,476	2,883	74	-160	831	776	2,893	2,559	-716	-455	-3,462	-1,931	-2,000	-2,761	0	0	0
Net cash (used in)/provided by operating activities
169,148	200,352	197,623	198,841	175,998	132,485	103,956	77,139	49,841	64,216	49,440	60,727	70,986	80,940	91,980	104,688	96,983	98,010	79,441	60,011	81,757	84,196	63,577	71,860	67,318	62,631	107,839	120,263	81,336	34,507	20,689	23	41,553	105,269	103,739	90,548	103,720	99,572	0	0	0
INVESTING ACTIVITIES
Purchase of business, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property, plant and equipment
59,319	67,358	69,861	77,860	86,606	81,579	84,350	78,228	76,236	85,510	82,939	89,544	88,296	71,244	58,962	46,061	44,404	48,622	51,807	61,488	55,832	58,224	61,764	61,438	63,259	61,844	57,995	50,664	45,925	37,046	32,070	25,284	24,378	24,988	27,545	27,313	25,432	27,334	0	0	0
Purchased software
621	597	1,483	1,304	1,300	1,307	1,719	1,788	2,118	2,127	1,524	1,968	2,204	2,248	2,646	2,307	2,022	1,973	734	671	388	649	1,741	2,280	2,814	2,613	1,383	801	224	161	1,748	1,948	2,675	3,692	3,765	4,063	4,231	4,257	0	0	0
Proceeds from sale or involuntary conversion of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	2,797	2,962	2,962	3,923	1,126	961	961	0	6,268	6,268	6,268	6,268	0	0	0	1,159	2,860	6,069	0	0	-	0	-	-
Proceeds from sale of discontinued operations, net of expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	150,654	150,654	150,654	112,573	0	0	0	0	-	-	-	-
Acquisitions, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,902	0	0	0
Cash received from life insurance policy terminations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-
Net cash used in investing activities
-90,733	-98,748	-71,344	-79,164	-87,906	-82,886	-86,069	-80,016	-78,354	-87,637	-83,946	-86,309	-270,561	-253,553	-242,186	-233,632	-46,426	-47,798	-49,579	-59,197	-52,297	-57,747	-58,747	-45,960	-49,276	-41,392	-40,110	-45,197	-1,800	113,447	116,836	123,422	86,679	-25,820	-19,403	-16,260	33,596	28,065	0	0	0
FINANCING ACTIVITIES
Proceeds from borrowings
95,000	45,000	20,000	23,000	33,020	26,031	96,030	106,106	112,200	115,334	48,447	48,636	239,656	235,907	283,103	275,036	92,248	95,126	48,124	48,346	24,235	13,396	70,366	70,217	75,019	117,452	58,040	59,769	83,896	46,028	58,165	51,906	22,746	14,386	12,369	12,204	12,200	17,712	0	0	0
Principal payments on debt
95,019	120,017	100,313	52,778	49,427	29,913	83,950	77,048	71,935	84,047	35,372	32,674	32,560	34,356	78,810	115,293	119,170	102,215	61,300	30,761	44,051	45,124	94,394	106,141	107,024	132,691	72,995	83,564	77,069	102,128	126,842	126,801	115,800	65,575	47,411	30,690	99,448	92,448	0	0	0
Principal payments on finance lease liabilities
6,914	1,180	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt acquisition costs
-	-	-	-	-	-	-	-	-	-	-	-	-	1,771	1,773	1,814	1,873	1,673	1,671	1,630	0	-	0	0	-	1,639	1,639	1,639	1,563	0	0	0	0	-	-	-	-	-	-	-	-
Cash received to settle swap agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes paid in lieu of share issuance
-490	-971	-971	-971	-971	-1,652	-1,652	-1,652	-1,652	-1,364	-1,364	-1,364	-1,364	-1,272	-3,324	-3,324	-2,982	-1,449	643	659	423	201	351	755	821	1,134	947	553	389	40	77	69	82	93	65	0	0	-	0	-	-
Proceeds from options exercised
-	112	105	124	99	202	268	572	669	597	594	302	387	517	552	563	1,417	1,897	1,962	2,110	1,332	773	1,519	2,957	3,700	5,538	4,861	4,011	3,086	1,311	1,453	756	869	789	415	290	147	125	0	0	0
Debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	-	-
Dividends paid
23,582	23,251	22,920	22,591	22,260	21,926	21,914	21,899	21,884	21,869	21,854	21,841	21,828	21,812	21,796	21,780	21,433	21,088	20,742	20,395	20,062	19,729	19,392	19,045	18,694	13,929	17,957	17,600	17,246	21,315	16,584	16,260	15,941	15,616	15,297	14,960	14,924	14,885	0	0	0
Net cash provided by/(used in) financing activities
-30,937	-100,307	-104,975	-53,794	-39,939	-27,258	-7,002	10,295	21,614	12,867	-9,549	-6,941	177,545	172,038	172,777	128,213	-51,793	-29,402	-32,984	-1,671	-38,123	-50,483	-13,550	-23,257	-18,254	3,865	-28,743	-38,470	-8,507	-76,064	-83,731	-90,330	-108,044	-65,923	-49,433	-37,142	-106,032	-93,517	0	0	0
Effect of exchange rate changes on cash and cash equivalents
-12,183	-3,512	-8,158	-5,394	-12,194	-8,313	-3,757	8,534	14,992	12,539	1,350	-4,710	-4,252	-2,796	1,819	-5,718	13	-15,499	-20,559	-23,505	-28,878	-18,830	-8,628	6,872	8,758	6,844	-116	-3,867	-12,121	-81	3,922	-12,024	-3,236	-3,373	-4,545	17,227	4,476	-9,285	0	0	0
Increase/(decrease) in cash and cash equivalents
35,295	-2,215	13,146	60,489	35,959	14,028	7,128	15,952	8,093	1,985	-42,705	-37,233	-26,282	-3,371	24,390	-6,449	-1,223	5,311	-23,681	-24,362	-37,541	-42,864	-17,348	9,515	8,546	31,948	38,870	32,729	58,908	71,809	57,716	21,091	16,952	10,153	30,358	54,373	35,760	24,835	0	0	0
Change in cash balances of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9,169	0	0	0	-	-	-	-