Alamo group inc. (ALG)
CashFlow / TTM
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

63,181

62,906

69,927

76,052

74,156

73,486

60,137

53,186

46,731

44,315

48,663

45,307

43,553

40,045

43,841

45,361

44,509

43,209

43,176

41,787

41,272

41,151

35,824

33,790

36,382

36,094

34,269

31,511

29,068

28,903

32,754

34,235

33,805

32,687

0

0

0

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

796

575

483

386

141

71

57

116

100

187

356

223

406

482

461

637

908

965

793

863

622

469

408

190

90

31

-29

212

156

253

516

238

610

992

0

0

0

Depreciation - Property, plant and equipment

16,220

14,934

14,079

13,510

13,087

12,884

12,373

12,298

11,974

11,616

11,398

11,115

9,465

11,267

5,685

7,732

13,145

11,381

17,077

15,093

11,146

10,645

10,077

9,471

9,058

8,898

8,835

9,262

9,584

9,948

10,131

10,157

10,315

10,418

0

0

0

Depreciation - Rental equipment

9,801

9,373

8,705

8,065

7,408

6,725

6,068

5,710

5,529

5,531

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangibles

8,558

5,658

3,956

3,718

3,524

3,505

3,502

3,519

3,421

3,317

3,221

3,109

3,109

3,104

3,102

3,099

3,104

3,113

3,668

3,513

2,786

2,005

0

0

0

-

-

-

-

-

-

-

-

-

-

-

0

Amortization of debt issuance costs

407

295

221

221

221

221

203

203

203

203

220

217

215

213

214

214

214

214

212

212

204

183

161

140

126

126

126

126

126

126

126

126

126

188

0

0

0

Stock-based compensation expense

3,575

3,269

2,981

2,837

2,619

2,450

2,425

2,283

1,999

1,869

1,593

1,464

1,457

1,414

1,370

1,315

1,166

1,057

947

792

1,861

1,986

2,156

2,516

1,610

1,501

1,312

985

936

940

991

1,021

1,041

985

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-263

-293

30

94

216

315

54

0

20

-62

-119

-102

6

15

82

63

0

0

0

Provision for deferred income tax (benefit) expense

-2,644

3,316

-1,657

3,391

2,987

2,052

2,562

2,315

2,299

1,328

-2,565

2,338

2,287

2,620

7,907

3,924

4,262

2,804

2,708

366

-1,143

-108

-2,702

-2,265

-1,101

-877

-1,080

-497

-381

-405

1,875

2,048

1,471

850

0

0

0

Gain on sale of property, plant and equipment

1,477

912

795

496

524

361

327

252

291

341

290

344

247

345

4,300

4,202

4,197

4,046

88

99

903

911

920

930

131

237

362

-70

-64

-155

-131

315

266

263

0

0

0

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

-30,077

-11,447

13,376

24,146

33,967

27,029

27,720

34,875

26,084

23,134

19,006

-506

4,789

-3,876

1,384

7,654

3,490

9,657

5,176

1,892

2,961

12,596

2,799

2,353

11,323

10,515

7,031

9,961

1,513

-4,770

2,109

1,028

14,621

15,152

0

0

0

Inventories

-6,080

-657

2,883

14,898

30,798

25,991

27,304

17,538

7,453

-142

-12,530

-17,423

-11,981

-12,340

-18,429

-11,953

-13,953

-9,759

-4,495

-170

4,671

10,993

15,829

7,722

2,954

-776

607

-1,339

-8,217

-6,932

-4,487

-3,072

4,678

8,680

0

0

0

Rental equipment

11,370

20,729

24,636

22,739

24,214

22,424

15,485

11,326

10,233

3,054

4,211

3,113

85

-315

-2,927

-2,950

6,635

11,699

19,611

19,680

8,332

5,184

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other assets

4,300

4,633

4,073

2,524

290

583

1,870

-381

-722

-2,845

590

2,727

4,035

5,634

3,480

4,063

2,867

3,521

-1,652

-2,362

-7,078

-6,661

-3,232

-2,470

2,924

925

2,556

2,429

1,203

2,376

-319

-1,302

271

72

0

0

0

Trade accounts payable and accrued liabilities

7,667

6,397

-2,186

3,726

7,176

4,130

16,674

6,026

5,429

11,688

7,324

503

-1,261

-5,382

-15,921

-5,589

-10,964

-1,708

-10,787

-5,473

-8,654

1,202

10,966

7,730

9,553

4,420

11,081

5,133

4,871

960

1,925

-4,892

-2,959

-4,162

0

0

0

Income taxes payable

-1,957

-4,861

293

-1,003

-7,021

-10,332

-5,865

-3,223

-2,352

2,357

2,767

-1,125

7,278

2,908

-1,813

-140

239

3,700

-1,723

-302

-493

-3,075

1,267

-1,979

-2,750

-4,565

-1,706

1,013

470

2,338

538

1,509

1,213

397

0

0

0

Long-term tax payable

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long term tax payable

-

-

-

-

-

-6,196

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets and long-term liabilities, net

4,047

2,203

3,131

1,361

173

302

-430

-633

-371

-543

2,277

2,520

2,218

2,132

-228

-449

-685

-760

-588

-1,429

-1,092

-1,131

-3,218

-2,731

-3,050

-3,100

-2,206

-2,188

-2,499

-2,039

-1,943

-2,188

-2,055

-740

0

0

0

Net cash provided by (used in) operating activities

126,748

88,813

53,533

41,523

8,695

12,910

32,509

30,668

44,101

70,804

69,418

83,206

79,388

75,784

69,448

66,177

60,279

52,418

37,018

36,576

36,690

30,210

39,083

38,067

32,532

31,627

40,682

35,294

48,671

51,263

43,017

38,552

16,931

10,667

0

0

0

Investing Activities
Acquisitions, net of cash acquired

350,307

400,784

58,531

52,499

50,477

0

0

0

0

-

-

-

-

188

188

188

188

3,465

3,569

4,320

199,932

196,467

196,344

196,614

1,002

1,002

0

0

0

-

-

-

-

-

-

-

0

Purchase of property, plant and equipment

33,431

31,337

27,294

28,181

24,226

26,587

22,585

18,051

18,878

13,490

12,196

9,788

10,207

9,711

15,650

16,569

15,354

15,479

10,147

10,588

9,474

9,806

10,418

10,763

12,741

13,639

11,024

9,381

6,086

4,654

4,601

5,186

6,017

5,766

0

0

0

Proceeds from sale of property, plant and equipment

4,190

2,277

2,291

1,374

1,716

1,341

1,249

978

790

767

949

1,210

1,013

1,293

4,948

4,647

4,579

4,246

575

537

1,415

1,442

1,110

1,106

246

475

470

734

792

564

768

529

445

440

0

0

0

Net cash used in investing activities

-379,644

-429,940

-83,646

-79,418

-73,099

-25,358

-21,366

-29,186

-56,641

-51,276

-49,770

-35,068

-9,244

-8,656

-10,940

-12,110

-10,963

-14,698

-13,141

-14,371

-207,991

-204,831

-205,652

-206,271

-13,497

-14,166

-11,575

-8,647

-5,294

-4,090

-10,369

-11,193

-12,108

-11,862

0

0

0

Financing Activities
Borrowings on bank revolving credit facility

188,000

217,000

174,000

177,000

172,000

159,000

143,000

138,000

167,000

143,000

134,000

139,000

101,000

79,000

88,000

76,000

90,000

79,000

87,000

125,000

306,000

273,000

248,000

200,000

-10,000

0

-12,000

-40,000

-42,000

-7,000

-17,000

-14,500

7,000

-14,000

0

0

0

Repayments on bank revolving credit facility

173,000

157,000

125,000

130,000

139,000

134,000

168,000

165,000

147,000

153,000

142,000

157,000

147,000

153,000

129,000

115,000

125,000

125,000

102,000

110,000

98,000

83,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on long-term debt and capital leases

0

-

-

-

0

-

-

-

-

-

-

-

-

-38

458

440

181

449

1,144

819

1,032

682

-258

135

250

399

1,609

1,657

1,698

2,117

1,499

1,772

2,170

2,570

0

0

0

Principal payments on finance leases

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

508

48

0

0

0

-

-

-

-

767

780

778

762

0

0

0

0

-

-

-

0

-

-

0

0

Dividends paid

5,750

5,626

5,503

5,379

5,252

5,124

4,997

4,870

4,744

4,614

4,487

4,360

4,235

4,114

3,991

3,871

3,750

3,628

3,507

3,444

3,385

3,328

3,385

3,381

3,377

3,371

3,241

3,111

2,982

2,854

2,852

2,850

2,847

2,845

0

0

0

Proceeds from exercise of stock options

2,705

2,573

2,510

2,443

2,523

2,552

2,845

2,602

2,057

2,397

2,174

2,352

1,658

1,369

1,269

1,082

2,065

2,023

2,484

2,508

928

903

465

755

971

1,286

2,889

2,745

2,657

2,131

513

299

231

281

0

0

0

Common stock repurchased

-901

589

590

589

1,926

436

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-263

-293

30

94

216

315

54

0

20

-62

-119

-102

6

15

82

63

0

0

0

Net cash provided by financing activities

301,967

349,223

41,480

40,764

28,524

22,208

-27,670

-29,788

16,670

-12,400

-12,191

-21,665

-48,713

-77,347

-43,130

-41,369

-37,424

-48,054

-16,575

-21,027

170,224

152,732

152,444

185,278

-11,992

-2,484

-13,941

-42,085

-46,563

-9,942

-20,832

-19,002

4,717

-19,071

0

0

0

Effect of exchange rate changes on cash and cash equivalents

-3,669

172

32

1,719

-947

-1,090

-3,661

-2,729

1,058

1,452

5,126

3,192

-423

90

-1,550

-2,248

1,101

-2,277

-3,289

-4,015

-4,515

-2,538

-834

2,444

1,719

692

124

-241

-1,181

772

1,218

-982

-65

311

0

0

0

Net change in cash and cash equivalents

45,402

8,268

11,399

4,588

-36,827

8,670

-20,188

-31,035

5,188

8,580

12,583

29,665

21,008

-10,129

13,828

10,450

12,993

-12,611

4,013

-2,837

-5,592

-24,427

-14,959

19,518

8,762

15,669

15,290

-15,679

-4,367

38,003

13,034

7,375

9,475

-19,955

0

0

0

Cash paid during the period for:
Interest

13,907

9,455

6,637

5,958

5,137

5,199

4,033

4,612

4,855

5,217

6,436

6,009

5,862

5,796

6,294

6,697

6,801

6,936

6,536

5,977

4,618

3,320

2,089

1,218

1,188

1,118

1,223

1,232

1,510

1,837

2,069

2,133

2,062

2,295

0

0

0

Income taxes

22,975

23,099

22,158

20,693

28,043

30,295

29,044

26,368

25,875

23,175

23,158

21,356

13,268

16,637

18,196

22,296

21,547

18,709

22,692

21,180

21,599

22,243

20,272

23,238

21,273

21,580

17,900

12,581

14,955

13,533

15,374

13,843

13,797

15,247

0

0

0