Alamo group inc. (ALG)
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
Operating Activities
Net income

15,528

9,568

17,418

20,667

15,253

16,589

23,543

18,771

14,583

3,240

16,592

12,316

12,167

7,588

13,236

10,562

8,659

11,384

14,756

9,710

7,359

11,351

13,367

9,195

7,238

6,024

11,333

11,787

6,950

4,199

8,575

9,344

6,785

8,050

10,056

8,914

5,667

Adjustment to reconcile net income to net cash provided by operating activities:
Provision for doubtful accounts

197

295

123

181

-24

203

26

-64

-94

189

85

-80

-7

358

-48

103

69

337

128

374

126

165

198

133

-27

104

-20

33

-86

44

221

-23

11

307

-57

349

393

Depreciation - Property, plant and equipment

4,624

4,351

3,715

3,530

3,338

3,496

3,146

3,107

3,135

2,985

3,071

2,783

2,777

2,767

2,788

1,133

4,579

-2,815

4,835

6,546

2,815

2,881

2,851

2,599

2,314

2,313

2,245

2,186

2,154

2,250

2,672

2,508

2,518

2,433

2,698

2,666

2,621

Depreciation - Rental equipment

2,516

2,603

2,447

2,235

2,088

1,935

1,807

1,578

1,405

1,278

1,449

1,397

1,407

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangibles

3,800

2,577

1,112

1,069

900

875

874

875

881

872

891

777

777

776

779

777

772

774

776

782

781

1,329

621

55

0

-

-

-

-

-

-

-

-

-

-

-

0

Amortization of debt issuance costs

167

129

56

55

55

55

56

55

55

37

56

55

55

54

53

53

53

55

53

53

53

53

53

45

32

31

32

31

32

31

32

31

32

31

32

31

94

Stock-based compensation expense

933

928

766

948

627

640

622

730

458

615

480

446

328

339

351

439

285

295

296

290

176

185

141

1,359

301

355

501

453

192

166

174

404

196

217

204

424

140

Excess tax (benefit) expense from stock-based payment arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

41

29

10

-343

11

352

74

-221

110

91

20

-201

28

34

37

-93

37

101

18

Provision for deferred income tax (benefit) expense

-4,095

5,865

-4,855

441

1,865

892

193

37

930

1,402

-54

21

-41

-2,491

4,849

-30

292

2,796

866

308

-1,166

2,700

-1,476

-1,201

-131

106

-1,039

-37

93

-97

-456

79

69

2,183

-283

-498

-552

Gain on sale of property, plant and equipment

745

180

448

104

180

63

149

132

17

29

74

171

67

-22

128

74

165

3,933

30

69

14

-25

41

873

22

-16

51

74

128

109

-381

80

37

133

65

31

34

Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable

16,306

-22,710

-21,114

-2,559

34,936

2,113

-10,344

7,262

27,998

2,804

-3,189

-1,529

25,048

-1,324

-22,701

3,766

16,383

3,936

-16,431

-398

22,550

-545

-19,715

671

32,185

-10,342

-20,161

9,641

31,377

-13,826

-17,231

1,193

25,094

-6,947

-18,312

14,786

25,625

Inventories

11,675

-9,070

-2,610

-6,075

17,098

-5,530

9,405

9,825

12,291

-4,217

-361

-260

4,696

-16,605

-5,254

5,182

4,337

-22,694

1,222

3,182

8,531

-17,430

5,547

8,023

14,853

-12,594

-2,560

3,255

11,123

-11,211

-4,506

-3,623

12,408

-8,766

-3,091

4,127

16,410

Rental equipment

-1,906

1,759

7,108

4,409

7,453

5,666

5,211

5,884

5,663

-1,273

1,052

4,791

-1,516

-116

-46

1,763

-1,916

-2,728

-69

11,348

3,148

5,184

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other assets

1,139

-744

1,984

1,921

1,472

-1,304

435

-313

1,765

-17

-1,816

-654

-358

3,418

321

654

1,241

1,264

904

-542

1,895

-3,909

194

-5,258

2,312

-480

956

136

313

1,151

829

-1,090

1,486

-1,544

-154

483

1,287

Trade accounts payable and accrued liabilities

2,833

-3,084

3,926

3,992

1,563

-11,667

9,838

7,442

-1,483

877

-810

6,845

4,776

-3,487

-7,631

5,081

655

-14,026

2,701

-294

9,911

-23,105

8,015

-3,475

19,767

-13,341

4,779

-1,652

14,634

-6,680

-1,169

-1,914

10,723

-5,715

-7,986

19

9,520

Income taxes payable

5,829

-6,599

2,215

-3,402

2,925

-1,445

919

-9,420

-386

3,022

3,561

-8,549

4,323

3,432

-331

-146

-47

-1,289

1,342

233

3,414

-6,712

2,763

42

832

-2,370

-483

-729

-983

489

2,236

-1,272

885

-1,311

3,207

-1,568

69

Long-term tax payable

-654

-

-

-

258

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long term tax payable

-

-

-

-

-

-1,227

-4,969

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets and long-term liabilities, net

1,819

-943

1,872

1,299

-25

-15

102

111

104

-747

-101

373

-68

2,073

142

71

-154

-287

-79

-165

-229

-115

-920

172

-268

-2,202

-433

-147

-318

-1,308

-415

-458

142

-1,212

-660

-325

1,457

Net cash provided by (used in) operating activities

5,574

44,603

43,311

33,260

-32,361

9,323

31,301

432

-28,146

28,922

29,460

13,865

-1,443

27,536

43,248

10,047

-5,047

21,200

39,977

4,149

-12,908

5,800

39,535

4,263

-19,388

14,673

38,519

-1,272

-20,293

23,728

33,131

12,105

-17,701

15,482

28,666

-9,516

-23,965

Investing Activities
Acquisitions, net of cash acquired

0

342,253

6,032

2,022

50,477

0

0

0

0

-

-

-

-

0

0

0

188

0

0

0

3,465

104

751

195,612

0

-19

1,021

0

0

-

-

-

-

-

-

-

0

Purchase of property, plant and equipment

7,378

11,849

7,065

7,139

5,284

7,806

7,952

3,184

7,645

3,804

3,418

4,011

2,257

2,510

1,010

4,430

1,761

8,449

1,929

3,215

1,886

3,117

2,370

2,101

2,218

3,729

2,715

4,079

3,116

1,114

1,072

784

1,684

1,061

1,657

1,615

1,433

Proceeds from sale of property, plant and equipment

2,385

290

1,326

189

472

304

409

531

97

212

138

343

74

394

399

146

354

4,049

98

78

21

378

60

956

48

46

56

96

277

41

320

154

49

245

81

70

44

Net cash used in investing activities

-4,993

-353,908

-11,771

-8,972

-55,289

-7,614

-7,543

-2,653

-7,548

-3,622

-15,363

-30,108

-2,183

-2,116

-661

-4,284

-1,595

-4,400

-1,831

-3,137

-5,330

-2,843

-3,061

-196,757

-2,170

-3,664

-3,680

-3,983

-2,839

-1,073

-752

-630

-1,635

-7,352

-1,576

-1,545

-1,389

Financing Activities
Borrowings on bank revolving credit facility

74,000

76,000

19,000

19,000

103,000

33,000

22,000

14,000

90,000

17,000

17,000

43,000

66,000

8,000

22,000

5,000

44,000

17,000

10,000

19,000

33,000

25,000

48,000

200,000

0

0

0

-10,000

10,000

-12,000

-28,000

-12,000

45,000

-22,000

-25,500

9,500

24,000

Repayments on bank revolving credit facility

24,000

81,000

35,000

33,000

8,000

49,000

40,000

42,000

3,000

83,000

37,000

24,000

9,000

72,000

52,000

14,000

15,000

48,000

38,000

24,000

15,000

25,000

46,000

12,000

0

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on long-term debt and capital leases

3,791

-

-

-

37

-

-

-

-

-

-

-

-

-75

27

4

6

421

9

-255

274

1,116

-316

-42

-76

176

77

73

73

1,386

125

114

492

768

398

512

892

Principal payments on finance leases

-

-

-

-

-

-

16

66

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

460

-1,101

231

918

0

-

-

-

-

-13

2

16

762

0

0

0

0

-

-

-

2,421

-

-

194

0

Dividends paid

1,528

1,409

1,409

1,404

1,404

1,286

1,285

1,277

1,276

1,159

1,158

1,151

1,146

1,032

1,031

1,026

1,025

909

911

905

903

788

848

846

846

845

844

842

840

715

714

713

712

713

712

710

710

Proceeds from exercise of stock options

369

108

388

1,840

237

45

321

1,920

266

338

78

1,375

606

115

256

681

317

15

69

1,664

275

476

93

84

250

38

383

300

565

1,641

239

212

39

23

25

144

89

Common stock repurchased

0

-1

0

-900

1,490

0

-1

437

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax expense (benefit) from stock-based payment arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

41

29

10

-343

11

352

74

-221

110

91

20

-201

28

34

37

-93

37

101

18

Net cash provided by financing activities

45,050

290,800

-18,263

-15,620

92,306

-16,943

-18,979

-27,860

85,990

-66,821

-21,097

18,598

56,920

-66,612

-30,571

-8,450

28,286

-32,395

-28,810

-4,505

17,656

-916

-33,262

186,746

164

-1,204

-428

-10,524

9,672

-12,661

-28,572

-15,002

46,293

-23,551

-26,742

8,717

22,505

Effect of exchange rate changes on cash and cash equivalents

-3,517

537

-1,188

499

324

397

499

-2,167

181

-2,174

1,431

1,620

575

1,500

-503

-1,995

1,088

-140

-1,201

1,354

-2,290

-1,152

-1,927

854

-313

552

1,351

129

-1,340

-16

986

-811

613

430

-1,214

106

989

Net change in cash and cash equivalents

42,114

-17,968

12,089

9,167

4,980

-14,837

5,278

-32,248

50,477

-43,695

-5,569

3,975

53,869

-39,692

11,513

-4,682

22,732

-15,735

8,135

-2,139

-2,872

889

1,285

-4,894

-21,707

10,357

35,762

-15,650

-14,800

9,978

4,793

-4,338

27,570

-14,991

-866

-2,238

-1,860

Cash paid during the period for:
Interest

5,513

4,128

2,042

2,224

1,061

1,310

1,363

1,403

1,123

144

1,942

1,646

1,485

1,363

1,515

1,499

1,419

1,861

1,918

1,603

1,554

1,461

1,359

244

256

230

488

214

186

335

497

492

513

567

561

421

746

Income taxes

2,690

4,668

8,396

7,221

2,814

3,727

6,931

14,571

5,066

2,476

4,255

14,078

2,366

2,459

2,453

5,990

5,735

4,018

6,553

5,241

2,897

8,001

5,041

5,660

3,541

6,030

8,007

3,695

3,848

2,350

2,688

6,069

2,426

4,191

1,157

6,023

3,876