APPLIED INDUSTRIAL TECHNOLOGIES, INC. AIT Cash Flow

Applied industrial technologies, inc. (AIT)

CashFlow / Quarterly

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	Dec'09	Sep'09
Cash Flows from Operating Activities
Net Income (Loss) Attributable to Parent
-82,777	38,031	38,799	39,803	16,535	38,717	48,938	40,362	36,592	30,950	33,721	52,960	29,494	24,085	27,371	26,067	-44,728	23,947	24,291	28,045	28,610	29,707	29,122	29,674	30,394	25,909	26,844	32,272	29,302	27,043	29,532	32,044	29,418	20,935	26,382	28,275	26,536	21,193	20,755	27,704	16,525	10,487	11,187
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation
5,380	5,394	5,223	5,191	5,026	5,038	4,981	5,077	4,713	4,081	3,927	3,942	3,877	3,837	3,650	3,925	4,031	4,080	3,930	3,786	4,461	4,120	4,211	3,858	3,327	3,361	3,431	3,267	3,198	3,014	3,022	2,848	2,790	2,780	2,818	2,768	2,970	2,783	2,713	2,852	2,843	2,841	2,929
Amortization of Intangible Assets
11,102	10,195	10,374	10,060	9,911	10,991	10,921	10,739	9,800	5,695	5,831	5,984	6,056	6,094	6,237	6,515	6,740	6,242	6,083	6,385	6,353	6,568	6,491	4,505	3,188	3,081	3,249	3,517	3,509	3,152	3,055	3,010	2,911	2,735	2,809	2,914	2,790	2,891	2,787	2,596	2,508	2,571	2,476
Unrealized foreign exchange transactions (gain) loss
-	-	-	-	-	-	-	-	-	-	-	832	-227	-24	-248	433	-429	369	-434	-63	0	218	572	-68	-57	-370	291	786	4	334	286	-	-	-	0	-	-	-	-	-	-	-	-
Amortization of stock options and appreciation rights
723	721	773	606	574	606	651	482	466	436	577	358	353	371	809	302	302	309	630	229	556	248	577	105	772	295	636	358	762	388	809	248	671	506	633	304	600	310	1,259	376	369	877	1,398
Gain on sale of property
-	-	-	-	-	-	-	-	-	-	-	1	-41	513	1,068	-62	-224	39	-90	1,336	-49	-1	5	90	-47	45	-35	98	30	76	117	1	134	106	386	78	667	10	10	94	-12	147	-31
Other share-based compensation expense
209	918	919	758	1,365	1,308	1,043	1,185	1,904	799	778	793	1,558	723	555	451	1,119	326	628	1,728	444	87	592	-243	660	1,532	754	571	891	947	1,035	838	947	1,263	1,260	55	993	3,106	-996	3,895	-757	-455	-322
Changes in operating assets and liabilities, net of acquisitions
-13,066	2,978	8,682	-130,937	50,445	2,738	53,184	-86,622	26,635	29,982	35,025	-28,334	9,123	30,087	-2,835	-17,199	-22,893	15,175	23,012	-83,839	2,738	21,972	58,891	-72,821	23,455	18,982	18,014	-50,873	-2,979	29,310	13,456	-48,723	6,379	15,875	17,371	-27,981	-8,659	13,633	24,301	117,896	-37,374	-27,926	-31,779
Other, net
9,962	-2,493	-2,612	-4,448	3,016	-121	1,553	-64	403	-708	369	749	-365	740	-1,227	3,097	-1,646	565	-2,016	1,556	-404	-733	-374	-2,668	3,327	-186	-312	272	437	-115	-353	3,648	-1,531	-1,577	-256	3,475	-2,135	-802	-317	-	-31	404	127
Net Cash provided by Operating Activities
64,725	54,881	50,018	103,435	11,586	53,783	11,797	99,426	26,694	11,744	9,440	86,113	32,848	3,794	41,864	70,718	57,450	18,756	15,090	117,695	38,139	19,274	-18,101	65,784	11,663	15,707	16,956	42,341	40,170	4,939	23,947	28,451	31,755	13,815	16,401	12,860	44,016	15,450	4,516	28,304	60,357	45,414	50,249
Cash Flows from Investing Activities
Acquisition of businesses, net of cash acquired
847	687	35,703	0	30,626	6,900	0	-2,495	773,135	0	5,014	-5	2,778	0	0	6,362	32,892	12,000	11,250	-5,859	833	35,836	129,810	167,324	0	17,000	0	-1	1,536	30,646	35,409	374	13,056	0	1,241	2,765	0	42	27,697	-	-	-	-
Payments to Acquire Productive Assets
4,258	7,019	4,946	7,259	4,615	3,923	3,173	5,332	6,438	5,124	6,336	5,258	5,077	3,711	2,999	3,689	3,704	2,625	3,112	3,924	3,203	4,706	3,100	13,698	2,366	2,555	1,571	2,378	2,993	2,951	3,892	7,726	4,273	6,880	7,142	3,985	2,642	12,931	873	3,053	1,212	1,661	1,290
Proceeds from property sales
1,484	237	88	354	405	167	77	264	118	313	283	200	76	901	1,747	231	178	81	113	1,481	264	184	3	529	24	141	183	242	308	186	243	49	228	344	637	247	955	83	41	89	22	381	40
Net Cash used in Investing Activities
-3,621	-7,469	-40,561	-6,905	-34,836	-10,265	-3,096	-2,573	-779,455	-4,811	-11,067	-5,053	-7,779	-2,810	-1,252	-9,820	-36,418	-14,544	-14,249	3,416	-3,772	-40,358	-132,907	-180,493	-2,342	-19,414	-1,388	-2,135	-4,221	-33,411	-39,058	-8,051	-17,101	-6,536	-7,746	-6,503	35	-12,890	-28,529	-2,964	-1,190	-1,380	-1,250
Cash Flows from Financing Activities
Net repayments under revolving credit facility
0	0	0	-19,000	19,000	0	-19,500	-68,000	64,500	23,000	0	-29,000	-5,000	23,000	-22,000	-42,000	5,000	-17,000	35,000	-68,000	41,000	-24,000	34,000	39,000	15,000	15,000	0	-	-	-	-	-	-	-	-	0	0	0	-50,000	-	-	0	-5,000
Long-term debt borrowings
0	25,000	0	0	0	0	175,000	0	780,000	0	0	-	-	-	-	-	-	-	-	-238	-3	50,003	120,238	100,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt repayments
4,935	29,934	4,934	4,935	4,935	4,934	146,934	4,932	118,809	840	839	839	819	857	838	836	820	96,325	681	443	677	907	690	647	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of debt issuance costs
6	16	0	0	90	0	685	0	3,298	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of treasury shares
-	-	-	-	-	-	-	0	0	9,017	13,761	0	2,764	2,430	3,048	1	9,697	9,811	17,956	17,280	37,386	11,449	10,400	12,740	10,154	10,837	3,001	53	0	0	0	12,042	0	812	18,178	-	-	-	-	-	-	-	-
Dividends paid
12,418	12,017	11,985	12,012	11,979	11,941	11,334	11,668	11,619	11,244	11,327	11,383	11,343	10,950	10,943	10,988	10,973	10,624	10,745	10,856	11,065	10,340	10,402	10,449	10,490	9,725	9,746	9,726	9,731	8,870	8,867	8,861	8,862	7,978	8,099	8,102	7,227	7,216	7,206	6,362	6,355	6,348	6,351
Acquisition holdback payments
1,663	576	201	1	334	2,056	219	1	-1	0	319	3,613	625	2,625	4,444	8,255	44	2,757	7,857	6,698	708	287	0	15	792	426	606	267	1,731	1,085	760	0	0	0	0	-	-	-	-	-	-	-	-
Excess tax benefits from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	149	10	108	-59	-	-	350	556	149	468	541	1,516	848	257	293	1,168	1,432	1,694	420	149	5,154	472	386	392	1,109	1,132	28	223
Exercise of stock options and appreciation rights
-	-	-	-	-	-	-	-	-	-	-	350	111	87	108	483	149	264	0	-	-	-	-	-	-	-	-	1	1	461	36	-3	170	70	84	184	139	195	143	466	668	9	196
Taxes paid for shares withheld for equity awards
616	234	1,754	121	53	115	3,203	147	200	242	1,056	111	1,292	1,094	987	85	34	401	502	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash used in Financing Activities
-19,638	-17,447	-18,874	-36,069	-9,549	-19,046	-6,875	-84,651	710,580	1,657	-27,302	-44,596	-21,732	5,131	-42,152	-62,971	-15,690	-11,546	-2,800	-105,477	-9,095	3,490	133,302	115,299	-5,970	-5,350	-11,837	-9,197	-44,204	23,799	-8,423	-19,474	-6,998	-8,300	-26,044	-4,358	-11,107	-44,387	-56,671	-5,978	-7,293	-6,311	-10,932
Effect of Exchange Rate Changes on Cash
-4,151	-20	-598	391	339	-1,053	432	-1,575	380	-1,035	1,641	1,280	1,119	-1,280	-299	-998	1,956	-998	-3,545	-1,329	-3,291	-1,255	-1,450	1,513	-849	-1,236	-18	-928	-507	-155	1,765	-1,892	1,240	-1,685	-485	534	1,700	1,149	-500	149	189	793	-22
Increase (decrease) in Cash and Cash Equivalents
37,315	29,945	-10,015	60,852	-32,460	23,419	2,258	10,627	-41,801	7,555	-27,288	37,744	4,456	4,835	-1,839	-3,071	7,298	-8,332	-5,504	14,305	21,981	-18,849	-19,156	2,103	2,502	-10,293	3,713	30,081	-8,762	-4,828	-21,769	-966	8,896	-2,706	-17,874	2,533	34,644	-40,678	-81,184	19,511	52,063	38,516	38,045
Supplemental Cash Flow Information
Property purchases, unpaid at September 30
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,000	-	-	-	-