American woodmark corp (AMWD)
CashFlow / Quarterly
Jan'20Oct'19Jul'19Apr'19Jan'19Oct'18Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Jan'11Oct'10Jul'10
OPERATING ACTIVITIES
Net income

12,804

22,163

26,881

22,024

18,409

18,488

24,767

19,109

1,996

19,755

22,281

17,348

14,553

17,637

21,661

13,372

12,013

18,180

15,158

11,308

7,282

7,671

9,238

5,634

2,901

5,271

6,655

5,190

2,057

1,950

561

-5,980

-9,114

-2,976

-2,716

-3,388

-5,828

-7,384

-3,418

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

24,835

24,414

24,113

24,162

23,558

23,708

23,018

23,342

10,685

5,441

5,536

4,963

4,846

4,376

4,497

4,652

4,291

3,955

3,558

3,615

3,521

3,707

3,683

3,686

3,676

3,641

3,542

3,464

3,395

3,699

3,873

6,183

5,718

5,512

5,974

6,345

6,541

6,756

7,061

Net loss on disposal of property, plant and equipment

-133

-151

-66

-1,312

-77

-230

-354

-349

-182

-52

-32

-158

-112

-38

-136

-1,463

-31

-73

-9

-88

-33

-23

-9

-124

-9

-17

27

-124

-7

-105

5

-71

-40

-53

-16

-79

-63

-70

3

Reduction in the carrying amount of operating lease right-of-use assets

6,694

7,424

5,344

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt issuance costs

647

654

662

670

698

656

700

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gain on foreign exchange forward contracts

148

152

-56

-291

490

-993

794

-257

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-6

430

57

-111

0

0

0

-

-

-

-

Gain on insurance recoveries

0

0

0

0

0

0

580

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

94

576

0

399

0

-

-

-

-

-

-

-

-

Stock-based compensation expense

1,047

1,178

897

750

668

836

786

591

897

664

945

992

828

803

846

958

856

832

963

960

773

821

943

777

788

869

861

861

887

776

985

807

773

854

979

1,146

1,049

953

847

Deferred income taxes

-3,159

-3,738

-1,726

-2,048

-858

-3,155

-1,744

7,565

6,089

6,100

1,650

-274

-1,077

9,354

1,896

2,310

5,506

2,425

1,388

1,954

1,172

612

597

3,551

1,342

1,647

1,438

2,795

1,271

1,307

416

-3,478

-5,883

-1,674

-1,255

463

-3,194

-3,250

-2,204

Pension contributions in excess of expense

338

165

461

148

5,738

444

1,545

402

11,445

7,240

1,841

134

16,974

9,573

1,159

-71

3,126

954

723

878

2,261

878

587

448

744

449

398

8,659

-1,925

-1,105

-1,330

125

1,188

1,390

1,825

1,727

1,726

1,727

1,727

Excess Tax Benefit from Share-based Compensation, Operating Activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

208

1,161

1,302

2,297

1,883

-31

30

5

374

5

278

197

-313

331

0

0

-

-

-

-

0

23

0

57

Contributions of employer stock to employee benefit plan

0

0

3,772

0

0

0

3,623

0

0

0

3,554

0

0

0

2,926

0

0

0

1,761

1,618

1,297

1,143

2,159

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-cash items

637

-500

-451

-1,138

-749

515

456

-560

256

32

258

-747

517

-240

152

-332

826

-104

273

-1,511

593

-597

1,299

3,616

-545

-756

319

1,714

-507

-550

732

-1,079

-642

557

297

260

158

1,068

-515

Changes in operating assets and liabilities:
Customer receivables

-144

400

-5,426

9,482

-13,767

-676

-4,758

15,209

623

3,360

-406

4,013

-9,080

10,940

1,907

6,677

-12,035

8,155

7,141

-1,723

-7,017

3,324

5,128

-1,505

-1,210

3,820

6,441

-1,727

-200

7,410

1,342

7,798

-3,731

-2,221

-313

3,195

390

4,565

-4,636

Income taxes receivable

3,534

1,695

0

32,117

-5,157

-13,955

-8,153

-11,454

5,346

3,306

0

4,925

-1,942

1,222

720

1,641

318

1,274

1,043

1,278

-405

736

3,996

2,036

-1,448

790

1,497

1,379

220

3,310

2,159

1,151

-1,612

-420

766

1,154

-413

427

-1,499

Inventories

2,166

4,986

7,137

-6,559

896

2,565

8,270

7,727

-4,758

2,697

1,826

-2,364

-346

3,534

-617

-1,028

4,782

1,259

-428

-372

171

716

-641

431

226

770

-191

834

198

5

632

592

177

-1,626

1,177

-161

706

-6,563

309

Prepaid expenses and other assets

-1,151

-4,540

-1,094

951

-3,596

-2,965

835

5,781

-3,700

-1,679

-1,260

8,284

-4,861

-1,032

3,910

856

-5,702

5,026

543

4,317

-1,231

-392

2,419

4,256

-1,419

2,589

443

365

-34

1,793

1,690

4,321

-258

-2,765

-375

2,549

1,084

1,521

-620

Accounts payable

3,765

-4,203

4,876

14,548

-5,422

4,892

-7,793

-1,152

1,200

-2,163

-410

2,883

-356

5,510

-7,264

1,469

-943

7,691

-2,948

3,191

242

2,081

-3,551

6,012

-4,680

5,305

-4,694

-

204

4,342

-4,127

-

1,620

3,215

-759

-

-1,180

2,599

-6,777

Accrued compensation and related expenses

-4,814

6,234

-10,613

-

-8,377

7,360

1,741

-

-3,451

6,512

-7,556

-

-

-

7,198

0

-1,545

-5,947

5,701

1,792

0

-3,609

3,018

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

-

-

10,575

-

-

-

0

-

-

-

6,293

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

-4,948

-6,674

-5,109

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Marketing and other accrued expenses

-3,198

-1,970

5,633

-

-2,252

-7,420

5,384

-

6,057

3,514

-976

-

998

2,740

462

-

-4,756

4,938

2,571

-

-157

2,400

1,126

-

2,887

-436

2,797

-

-1,436

-244

-913

-

238

-3,648

2,446

-

725

1,446

-187

Net cash provided by operating activities

25,976

23,620

62,612

52,895

30,283

54,730

52,937

37,894

7,043

15,268

26,570

25,416

11,518

7,199

32,947

21,043

11,573

24,333

17,655

24,167

17,360

9,370

9,267

16,991

7,732

13,552

2,260

22,290

4,390

1,619

-3,772

2,631

5,543

3,671

4,208

5,483

122

5,905

1,686

INVESTING ACTIVITIES
Payments to acquire property, plant and equipment

9,645

11,558

4,360

5,834

11,539

5,446

9,309

16,392

10,538

10,017

10,643

8,157

3,300

6,127

4,227

3,518

4,036

9,998

11,133

8,115

5,553

3,870

2,477

2,350

1,760

1,942

1,851

1,193

2,538

2,944

2,185

1,464

2,225

1,729

1,261

1,329

1,359

1,328

936

Proceeds from sales of property, plant and equipment

8

300

13

5

24

26

9

13

12

0

2

0

11

17

9

750

15

-1

82

7

0

8

7

16

15

0

50

5

0

74

1

0

0

1

14

0

1

2

0

Proceeds from sales of assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

4,670

1,777

56

0

0

0

-

-

-

-

Proceeds from insurance recoveries

0

0

0

0

0

0

580

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

94

576

0

399

0

-

-

-

-

-

-

-

-

Acquisition of business, net of cash acquired

0

0

0

0

0

0

7,182

0

57,200

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of certificates of deposit

-

-

-

-

-

-

-

0

0

7,750

17,250

27,750

6,750

8,000

42,500

12,500

14,500

11,750

8,000

11,250

11,500

18,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maturities of certificates of deposit

0

500

1,000

-

2,000

3,250

1,750

-

71,250

7,750

7,750

-

10,500

5,000

7,500

-

11,000

12,500

5,750

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in promotional displays

2,288

1,950

2,233

1,795

2,067

1,141

2,254

582

743

-59

1,037

-147

1,778

736

1,353

826

363

1,251

1,994

232

479

850

802

616

736

904

1,243

1,333

553

1,417

1,456

922

723

825

840

1,302

516

539

1,099

Net cash used by investing activities

-11,925

-12,708

-5,580

-6,624

-11,582

-3,311

-16,406

-15,961

2,781

-9,958

-21,178

-2,010

-1,317

-9,846

-40,571

-7,094

-7,884

-10,500

-15,295

-13,090

-17,532

-22,712

-3,272

-1,306

-2,481

-2,846

-2,950

-1,945

-3,091

782

-1,863

-2,330

-2,948

-2,553

-2,087

-1,166

-1,874

-391

-2,035

FINANCING ACTIVITIES
Payments of long-term debt

18,635

30,609

42,589

21,574

6,571

30,544

63,516

75,175

20,521

421

455

10,441

436

428

426

408

387

382

370

368

327

332

282

3,460

600

232

224

189

494

151

185

247

465

155

154

153

465

124

150

Proceeds from long-term debt

-

-

-

-

-

-

-

0

0

0

734

790

684

1,253

750

391

2,805

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock

212

83

0

0

0

0

500

3

0

29

1,257

7

118

221

2,020

387

1,740

2,431

3,556

4,309

2,109

7,250

600

939

2,893

7,312

4,186

4,060

1,818

0

0

0

0

0

18

-1

153

0

247

Payments for Repurchase of Common Stock

-

-

-

-

-

-

-

0

5,500

17,938

5,562

0

2,964

5,343

5,100

4,597

4,996

5,232

1,768

0

0

989

4,064

3,141

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Notes receivable, net

-

-

-

-

-

-

-

-

-

-

-

-

0

41

167

-

-4,305

0

42

-

83

125

167

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Withholding of employee taxes related to stock-based compensation

0

0

1,050

0

0

0

1,739

24

0

32

2,747

0

31

16

1,687

188

0

0

2,638

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess Tax Benefit from Share-based Compensation, Financing Activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

208

1,161

1,302

2,297

1,883

-31

30

5

374

5

278

197

-313

331

0

0

-

-

-

-

0

23

0

57

Payment of dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,287

1,285

1,283

1,282

1,280

Net cash used by financing activities

-18,423

-30,526

-43,639

-30,624

-34,554

-43,743

-64,755

-83,147

-32,745

-18,362

-6,773

-9,644

-2,629

-4,272

-4,276

-4,165

-3,982

-1,881

1,119

5,939

1,834

6,084

-3,574

-6,038

2,298

7,358

4,159

10,622

1,655

-151

-185

7,092

-449

-155

-1,423

-1,439

-1,572

-1,406

-1,126

Net decrease in cash and cash equivalents

-4,372

-19,614

13,393

15,647

-15,853

7,676

-28,224

-61,214

-22,921

-13,052

-1,381

13,762

7,572

-6,919

-11,900

9,784

-293

11,952

3,479

17,016

1,662

-7,258

2,421

9,647

7,549

18,064

3,469

30,967

2,954

2,250

-5,820

7,393

2,146

963

698

2,878

-3,324

4,108

-1,475

Non-cash investing and financing activities:
Property, plant and equipment included in accounts payable at period end

1

-0

1

-

-2

0

2

-

4

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid during the period for:
Interest

2

11

3

12

4

14

4

5

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes

11

23

0

8

3

8

1

0

0

16

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-