American Outdoor Brands Corporation AOBC Cash Flow

American outdoor brands corporation (AOBC)

CashFlow / Quarterly

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Oct'10	Jul'10
Cash flows from operating activities:
Net income
5,731	1,293	-2,108	9,824	-5,724	6,665	7,645	7,664	11,397	3,232	-2,165	27,693	32,455	32,484	35,222	35,647	31,433	12,466	14,412	21,888	8,119	5,050	14,556	25,056	20,786	16,986	26,477	25,166	14,576	21,184	17,787	12,467	4,440	-1,593	791	1,140	-52,836	-37,284	6,211
Adjustments to reconcile net income to net cash (used in)/provided by operating activities:
Depreciation and amortization
13,090	13,647	14,346	14,235	13,630	13,142	12,852	13,300	12,458	12,548	13,769	13,026	13,415	13,452	10,320	10,401	9,770	10,036	11,030	9,697	8,213	6,878	6,105	5,638	4,914	5,469	5,683	4,707	3,949	4,089	3,985	4,201	3,405	4,252	3,629	2,449	3,758	3,615	3,408
Loss on sale of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-424	0	-798	-	-	-	-	-	-	-	-
Loss/(gain) on sale/disposition of assets
-	-	-	-579	-5	1,045	-7	-8	-2	-29	-5	-1	6	-90	-14	-118	-119	44	-63	-321	-32	-2	88	-98	25	-3	-74	-38	15	-306	14	-34	69	-121	-199	-	-	-	-
Provision for losses on notes and accounts receivable
159	-242	634	228	686	91	55	687	-50	127	227	1,367	-129	271	37	509	74	-87	15	-91	-17	213	17	-294	47	225	-192	342	-2	305	75	-139	310	-276	-360	1,092	100	53	134
Deferred income taxes
-	-	-	-1,276	0	1	-1,520	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,984	-3,379	1,546	329
Change in fair value of contingent consideration
-	-	-	-	-	-	-	-340	0	0	-1,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	530	2,530
Change in disposal group assets and liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	17	-120	-1,112	226	236	5,034	-29	-	-	-	-
Stock-based compensation expense
-1,672	1,428	1,588	1,922	2,118	1,962	1,990	2,051	1,585	2,291	1,888	2,207	2,465	2,126	1,792	1,587	1,638	1,702	1,545	1,559	1,448	1,222	1,579	1,561	1,877	2,572	2,202	987	1,180	1,053	853	687	673	537	587	704	59	349	568
Changes in operating assets and liabilities:
Excess book deduction of stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-122	26	-9	249	494	58	-28	215
Accounts receivable
8,352	23,145	-14,031	9,650	12,069	22,486	-15,208	-17,277	-6,991	-11,642	-15,470	36,955	216	5,582	-2,044	-32,282	39,735	-1,469	-3,730	-5,844	1,734	-1,660	-5,213	2,934	-15,812	14,990	7,476	7,559	-15,605	1,490	5,051	10,466	-7,727	-13,819	5,991	12,733	-5,179	-3,278	-2,833
Inventories
323	5,765	31,678	-9,653	-2,296	8,944	13,538	-8,943	-16,667	13,196	29,385	3,720	4,102	4,489	9,860	2,048	-25,246	10,811	13,191	-20,232	-15,052	-1,979	11,601	-65	10,546	13,029	234	-6,210	3,873	2,508	7,531	-753	1,642	2,459	5,887	-3,734	-1,975	-4,469	11,910
Prepaid expenses and other current assets
671	-446	2,822	-950	-761	-1,011	2,363	-1,317	-559	-871	2,233	-559	-597	862	1,913	-1,674	-912	-2,922	3,509	-1,218	-999	547	2,239	-13	33	-410	2,246	-865	-63	-1,234	2,447	628	-3,038	225	1,235	-470	-1,373	1,254	2,269
Income taxes
-719	3,311	-397	-634	2,640	106	-3,892	-4,917	-2,064	-974	2,107	11,650	-7,581	17,404	-7,728	-2,483	-7,889	11,369	-669	-5,779	-2,789	8,355	-8,752	-4,042	11,675	-7,598	1,499	-2,707	15,153	-16,919	7,857	-6,043	2,656	-1,804	387	1,661	-1,572	-1,858	2,426
Accounts payable
-4,629	7,034	-6,015	2,728	-4,824	9,409	-3,921	-613	-11,660	4,027	-12,752	-1,160	1,282	1,351	-240	10,117	3,953	-3,614	2,592	11,494	-4,633	-12,022	-2,184	-7,689	-445	12,288	2,314	6,843	-277	-668	-3,296	4,803	-5,716	-1,468	-6,335	19,847	-5,739	2,542	-4,938
Accrued payroll and incentives
3,549	42	-10,875	5,144	3,493	2,975	-653	443	443	411	-12,051	2,206	3,510	4,876	-9,604	3,354	2,002	4,062	1,810	553	-1,066	-635	-8,377	3,803	504	3,545	-5,132	1,622	2,458	1,009	-1,600	908	1,488	102	1,195	40	263	-1,606	-2,728
Accrued profit sharing
501	-2,318	686	1,250	666	-623	254	683	-2,005	-12,010	1,611	3,139	3,105	-8,258	3,559	3,584	4,223	-4,260	1,747	2,415	1,250	-9,810	1,250	3,372	2,414	-7,161	2,848	2,456	2,377	-5,461	2,175	4,418	-2,433	730	1,244	1,801	-7,274	916	1,439
Accrued expenses and deferred revenue
621	6,583	-6,675	1,339	3,520	-3,484	-8,568	6,243	-1,583	-7,564	-5,520	16,234	769	2,430	1,805	-115	3,055	5,809	-4,820	1,318	1,101	123	-1,181	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued taxes other than income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	492	31	-1,019	-	-1,140	1,902	-749	490	92	765	-268	849	181	-7,125	-1,056	8,439	-2,779	4,074	-842
Accrued warranty
-267	-512	-612	326	-558	-336	-656	1,714	-61	304	-42	-1,153	-378	277	-161	-27	-64	62	-246	1,311	39	-106	-353	239	-317	-322	156	743	-33	-171	-131	482	-664	2,299	52	-44	177	-643	-19
Accrued other expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-684	311	-	-6,620	2,255	-3,430	4,471	-3,999	1,144	-2,493	1,384	3,496	727	-3,233
Accrued product/municipal liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-139	-129	72	-	152	-64	32	-1,038	160	-135	-174	-100	91	-91	-93
Other assets
-1,057	-944	-428	681	30	-102	62	14	41	145	217	30	-1,242	38	145	118	-37	854	-698	264	-53	27	110	215	-640	-3,817	4,598	1,885	6	213	-174	125	-15	56	23	479	1,029	125	-180
Other non-current liabilities
-695	-1,707	-463	-500	28	78	17	-262	4	299	310	-2,172	-1,140	40	12	58	186	-1,353	80	112	-125	136	460	-231	201	-1,330	1,000	1,043	-45	-94	423	115	293	114	192	-2,035	88	1,447	-686
Net cash (used in)/provided by operating activities
9,565	-5,468	-29,138	36,705	11,694	-1,588	10,639	66,147	26,148	3,840	-34,492	14,052	48,150	20,764	40,610	94,814	50,982	6,136	16,625	84,860	33,375	-14,208	10,780	35,981	30,242	4,972	19,011	51,334	32,993	4,492	9,279	29,594	10,314	13,020	-15,556	38,181	-7,101	19,214	-11,935
Cash flows from investing activities:
Refunds on machinery and equipment
-	-	-	-	-	-	-	-	-	-	-	0	2,307	-310	-4,773	5,350	0	-3,387	-835	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receipts from note receivable
-	-	-	-	-	-	-	-	-	-	-	7	15	22	21	28	15	20	21	21	20	19	21	20	19	19	19	18	19	18	18	-	-	-	-	-	-	-	-
Proceeds from sale of business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2,000	5,500	-	-	-	-	-	-	-	-
Payments to acquire patents and software
162	266	123	161	148	17	190	176	130	157	97	123	90	292	133	67	112	70	66	221	87	50	34	108	54	40	41	-	-	-	-	40	60	60	4	-323	152	75	245
Proceeds from sale of property and equipment
-	-	-	113	0	1,222	1	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	86	3	12	3	1,024	-1	14	-	-	-	1	50	2	0	1
Payments to acquire property and equipment
2,772	5,284	3,695	7,960	6,384	12,686	6,919	4,534	4,093	5,172	4,691	5,924	5,640	7,536	15,776	6,541	4,581	10,412	7,940	3,959	3,040	6,612	14,588	16,999	10,208	14,040	12,035	13,022	12,563	9,558	6,278	3,703	3,981	1,356	4,730	13,015	2,299	2,483	2,040
Net cash used in investing activities
-2,934	-5,550	-3,818	-7,915	-8,323	-11,481	-7,108	-4,710	-4,327	-28,339	-4,788	-6,040	-41,032	-185,555	-11,115	-13,150	-4,678	-7,014	-7,150	-3,410	-138,737	-5,214	-38,696	-13,941	-22,572	-14,058	-12,045	-13,067	-11,534	-7,563	-746	-3,713	-3,526	-1,417	-4,733	-12,642	-2,449	-2,558	-2,284
Cash flows from financing activities:
Proceeds from loans and notes payable
153,225	50,000	25,000	-	-	-	-	75,000	0	50,000	25,000	-	-	-	-	0	0	0	105,000	0	100,000	0	75,000	0	1	-1	101,584	0	0	0	1,753	0	0	0	1,532	26,845	23,155	0	1,365
Cash paid for debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	106	918	75	150	-4	2,337	5	16	603	3,167	-	-	-	-	-9	-28	50	1,837	-	-	-	-
Proceeds from energy efficiency incentive programs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	225	-	-	-	-
Payments on finance lease obligation
232	217	214	-284	702	162	161	162	161	162	161	161	99	149	149	149	149	149	149	149	149	148	150	149	98	199	150	150	150	150	150	-	-	-	-	-	-	-	-
Payments on notes and loans payable
156,450	26,575	1,575	26,575	1,575	26,575	26,575	126,575	51,575	1,575	1,575	1,575	26,575	26,575	1,575	1,575	1,575	1,575	100,000	-	-	-	-	319	470	478	43,876	161	629	480	6,925	268	274	569	421	27,120	23,565	409	271
Proceeds from Economic Development Incentive Program
-	-	-	-	-	-	-	-	-	-	-	0	0	0	101	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to acquire treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	30,040	0	15,039	84,855	15,993	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of options to acquire common stock, including employee stock purchase plan
-	-	-	1,064	0	1,019	139	-	-	-	-	-	-	-	-	4,597	4,910	1,124	634	1,439	232	1,008	424	1,289	337	1,155	534	713	11	3,557	527	950	13	524	180	-	-	-	-
Payment of employee withholding tax related to restricted stock units
44	12	538	18	31	44	556	6	87	23	2,161	229	280	24	4,139	573	383	29	1,661	584	17	663	444	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	50
Payroll taxes paid as a result of restricted stock unit withholdings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-780	-11	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit of stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,095	2,049	260	814	491	83	136	61	975	277	1,314	81	28	13	896	88	-	-	-	-	-	-	-	-
Net cash provided by/(used in) financing activities
-4,376	24,132	22,673	-25,245	-2,308	24,238	-27,153	-50,769	-51,800	49,298	21,103	-716	-26,761	23,675	-5,762	4,395	4,852	-475	3,720	-98,238	99,999	337	42,514	1,532	-15,304	-84,447	39,002	221	-20,755	3,823	-4,707	5,091	-30,233	-95	-321	159	-1,455	263	1,044
Net increase/(decrease) in cash and cash equivalents
2,255	13,114	-10,283	3,545	1,063	11,169	-23,622	10,668	-29,979	24,799	-18,177	7,296	-19,643	-141,116	23,733	86,059	51,156	-1,353	13,195	-16,788	-5,363	-19,085	14,598	23,572	-7,634	-93,533	45,968	38,488	704	752	3,826	30,972	-23,445	11,508	-20,610	25,698	-11,005	16,919	-13,175
Supplemental disclosure of cash flow information Cash paid for:
Interest
2,655	4,077	1,690	3,919	1,215	3,119	1,220	2,050	3,730	1,645	3,199	967	2,881	1,047	2,755	889	2,847	1,018	8,253	478	5,033	96	3,010	3,088	0	27	4,573	43	2,239	39	2,974	120	3,096	-1,460	4,109	339	1,784	48	1,649
Income taxes
1,571	3,949	235	3,682	3,820	2,581	484	32	98	840	417	22,021	20,586	34,924	7,685	19,440	6,548	18,120	6,816	4,926	318	11,043	639	19,621	0	12,828	16,329	13,111	8,772	19,807	2,397	2,439	395	731	398	262	262	990	632
Supplemental Disclosure of Non-cash Investing and Financing Activities:
Purchases of property and equipment included in accounts payable
370	-481	547	-1,041	-2,726	0	4,332	-1,047	1,638	0	1,815	-952	344	-402	3,484	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property and equipment funded by capital lease
-	-	-	0	7,724	4,473	12,074	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital lease obligation
-	-	-	0	7,724	4,473	12,074	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in other assets for operating lease obligations
0	893	10,928	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impact of adoption of accounting standard updates
-	-	-	-	0	0	-4,610	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in lease liabilities for operating lease obligations
0	820	11,970	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-