American outdoor brands corporation (AOBC)
CashFlow / TTM
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
Cash flows from operating activities:
Net income

14,740

3,285

8,657

18,410

16,250

33,371

29,938

20,128

40,157

61,215

90,467

127,854

135,808

134,786

114,768

93,958

80,199

56,885

49,469

49,613

52,781

65,448

77,384

89,305

89,415

83,205

87,403

78,713

66,014

55,878

33,101

16,105

4,778

-52,498

-88,189

-82,769

0

0

0

Adjustments to reconcile net income to net cash (used in)/provided by operating activities:
Depreciation and amortization

55,318

55,858

55,353

53,859

52,924

51,752

51,158

52,075

51,801

52,758

53,662

50,213

47,588

43,943

40,527

41,237

40,533

38,976

35,818

30,893

26,834

23,535

22,126

21,704

20,773

19,808

18,428

16,730

16,224

15,680

15,843

15,487

13,735

14,088

13,451

13,230

0

0

0

Loss on sale of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,222

0

0

0

-

-

-

-

-

-

-

-

Loss/(gain) on sale/disposition of assets

-

-

-

454

1,025

1,028

-46

-44

-37

-29

-90

-99

-216

-341

-207

-256

-459

-372

-418

-267

-44

13

12

-150

-90

-100

-403

-315

-311

-257

-72

-285

0

0

0

-

-

-

-

Provision for losses on notes and accounts receivable

779

1,306

1,639

1,060

1,519

783

819

991

1,671

1,592

1,736

1,546

688

891

533

511

-89

-180

120

122

-81

-17

-5

-214

422

373

453

720

239

551

-30

-465

766

556

885

1,379

0

0

0

Deferred income taxes

-

-

-

-2,795

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

480

0

0

0

Change in fair value of contingent consideration

-

-

-

-

-

-

-

-1,640

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,060

0

0

0

Change in disposal group assets and liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,215

-989

-770

4,384

5,467

0

0

0

-

-

-

-

Stock-based compensation expense

3,266

7,056

7,590

7,992

8,121

7,588

7,917

7,815

7,971

8,851

8,686

8,590

7,970

7,143

6,719

6,472

6,444

6,254

5,774

5,808

5,810

6,239

7,589

8,212

7,638

6,941

5,422

4,073

3,773

3,266

2,750

2,484

2,501

1,887

1,699

1,680

0

0

0

Changes in operating assets and liabilities:
Excess book deduction of stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

144

760

792

773

739

0

0

0

Accounts receivable

27,116

30,833

30,174

28,997

2,070

-16,990

-51,118

-51,380

2,852

10,059

27,283

40,709

-28,528

10,991

3,940

2,254

28,692

-9,309

-9,500

-10,983

-2,205

-19,751

-3,101

9,588

14,213

14,420

920

-1,505

1,402

9,280

-6,029

-5,089

-2,822

-274

10,267

1,443

0

0

0

Inventories

28,113

25,494

28,673

10,533

11,243

-3,128

1,124

16,971

29,634

50,403

41,696

22,171

20,499

-8,849

-2,527

804

-21,476

-11,282

-24,072

-25,662

-5,495

20,103

35,111

23,744

17,599

10,926

405

7,702

13,159

10,928

10,879

9,235

6,254

2,637

-4,291

1,732

0

0

0

Prepaid expenses and other current assets

2,097

665

100

-359

-726

-524

-384

-514

244

206

1,939

1,619

504

189

-3,595

-1,999

-1,543

-1,630

1,839

569

1,774

2,806

1,849

1,856

1,004

908

84

285

1,778

-1,197

262

-950

-2,048

-383

646

1,680

0

0

0

Income taxes

1,561

4,920

1,715

-1,780

-6,063

-10,767

-11,847

-5,848

10,719

5,202

23,580

13,745

-388

-696

-6,731

328

-2,968

2,132

-882

-8,965

-7,228

7,236

-8,717

1,534

2,869

6,347

-2,974

3,384

48

-12,449

2,666

-4,804

2,900

-1,328

-1,382

657

0

0

0

Accounts payable

-882

-1,077

1,298

3,392

51

-6,785

-12,167

-20,998

-21,545

-8,603

-11,279

1,233

12,510

15,181

10,216

13,048

14,425

5,839

-2,569

-7,345

-26,528

-22,340

1,970

6,468

21,000

21,168

8,212

2,602

562

-4,877

-5,677

-8,716

6,328

6,305

10,315

11,712

0

0

0

Accrued payroll and incentives

-2,140

-2,196

737

10,959

6,258

3,208

644

-10,754

-8,991

-5,924

-1,459

988

2,136

628

-186

11,228

8,427

5,359

662

-9,525

-6,275

-4,705

-525

2,720

539

2,493

-43

3,489

2,775

1,805

898

3,693

2,825

1,600

-108

-4,031

0

0

0

Accrued profit sharing

119

284

1,979

1,547

980

-1,691

-13,078

-11,721

-9,265

-4,155

-403

1,545

1,990

3,108

7,106

5,294

4,125

1,152

-4,398

-4,895

-3,938

-2,774

-125

1,473

557

520

2,220

1,547

3,509

-1,301

4,890

3,959

1,342

-3,499

-3,313

-3,118

0

0

0

Accrued expenses and deferred revenue

1,868

4,767

-5,300

-7,193

-2,289

-7,392

-11,472

-8,424

1,567

3,919

13,913

21,238

4,889

7,175

10,554

3,929

5,362

3,408

-2,278

1,361

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued taxes other than income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

503

1,735

598

1,079

1,438

1,527

-6,363

-7,151

439

-2,521

8,678

8,892

0

0

0

Accrued warranty

-1,065

-1,356

-1,180

-1,224

164

661

1,301

1,915

-952

-1,269

-1,296

-1,415

-289

25

-190

-275

1,063

1,166

998

891

-181

-537

-753

-244

260

544

695

408

147

-484

1,986

2,169

1,643

2,484

-458

-529

0

0

0

Accrued other expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-3,324

-703

-1,814

-877

-3,964

3,531

3,114

2,374

0

0

0

Accrued product/municipal liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-918

-910

-981

-1,187

-249

-318

-274

-193

0

0

0

Other assets

-1,748

-661

181

671

4

15

262

417

433

-850

-957

-1,029

-941

264

1,080

237

383

367

-460

348

299

-288

-4,132

356

2,026

2,672

6,702

1,930

170

149

-8

189

543

1,587

1,656

1,453

0

0

0

Other non-current liabilities

-3,365

-2,642

-857

-377

-139

-163

58

351

-1,559

-2,703

-2,962

-3,260

-1,030

296

-1,097

-1,029

-975

-1,286

203

583

240

566

-900

-360

914

668

1,904

1,327

399

737

945

714

-1,436

-1,641

-308

-1,186

0

0

0

Net cash (used in)/provided by operating activities

11,664

13,793

17,673

57,450

86,892

101,346

106,774

61,643

9,548

31,550

48,474

123,576

204,338

207,170

192,542

168,557

158,603

140,996

120,652

114,807

65,928

62,795

81,975

90,206

105,559

108,310

107,830

98,098

76,358

53,679

62,207

37,372

45,959

28,544

34,738

38,359

0

0

0

Cash flows from investing activities:
Refunds on machinery and equipment

-

-

-

-

-

-

-

-

-

-

-

-2,776

2,574

267

-2,810

1,128

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Receipts from note receivable

-

-

-

-

-

-

-

-

-

-

-

65

86

86

84

84

77

82

81

81

80

79

79

77

75

75

74

73

0

0

0

-

-

-

-

-

-

-

-

Proceeds from sale of business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Payments to acquire patents and software

712

698

449

516

531

513

653

560

507

467

602

638

582

604

382

315

469

444

424

392

279

246

236

243

0

0

0

-

-

-

-

164

-199

-107

-92

149

0

0

0

Proceeds from sale of property and equipment

-

-

-

1,336

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

101

104

1,042

1,038

1,040

0

0

0

-

-

-

53

53

0

0

0

Payments to acquire property and equipment

19,711

23,323

30,725

33,949

30,523

28,232

20,718

18,490

19,880

21,427

23,791

34,876

35,493

34,434

37,310

29,474

26,892

25,351

21,551

28,199

41,239

48,407

55,835

53,282

49,305

51,660

47,178

41,421

32,102

23,520

15,318

13,770

23,082

21,400

22,527

19,837

0

0

0

Net cash used in investing activities

-20,217

-25,606

-31,537

-34,827

-31,622

-27,626

-44,484

-42,164

-43,494

-80,199

-237,415

-243,742

-250,852

-214,498

-35,957

-31,992

-22,252

-156,311

-154,511

-186,057

-196,588

-80,423

-89,267

-62,616

-61,742

-50,704

-44,209

-32,910

-23,556

-15,548

-9,402

-13,389

-22,318

-21,241

-22,382

-19,933

0

0

0

Cash flows from financing activities:
Proceeds from loans and notes payable

0

0

0

-

-

-

-

150,000

0

0

0

-

-

-

-

105,000

105,000

205,000

205,000

175,000

175,000

75,001

75,000

101,584

101,584

101,583

101,584

1,753

1,753

1,753

1,753

1,532

28,377

51,532

51,532

51,365

0

0

0

Cash paid for debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,024

1,099

1,249

1,139

2,558

2,488

2,354

2,961

3,791

0

0

0

-

-

-

-

1,850

0

0

0

-

-

-

-

Proceeds from energy efficiency incentive programs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

225

0

0

0

-

-

-

-

Payments on finance lease obligation

379

849

794

741

1,187

646

646

646

645

583

570

558

546

596

596

596

596

596

595

596

596

545

596

596

597

649

600

600

0

0

0

-

-

-

-

-

-

-

-

Payments on notes and loans payable

211,175

56,300

56,300

81,300

181,300

231,300

206,300

181,300

56,300

31,300

56,300

56,300

56,300

31,300

6,300

104,725

0

0

0

-

-

-

-

45,143

44,985

45,144

45,146

8,195

8,302

7,947

8,036

1,532

28,384

51,675

51,515

51,365

0

0

0

Proceeds from Economic Development Incentive Program

-

-

-

-

-

-

-

-

-

-

-

101

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to acquire treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,040

30,040

45,079

129,934

115,887

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of options to acquire common stock, including employee stock purchase plan

-

-

-

2,222

0

0

0

-

-

-

-

-

-

-

-

11,265

8,107

3,429

3,313

3,103

2,953

3,058

3,205

3,315

2,739

2,413

4,815

4,808

5,045

5,047

2,014

1,667

0

0

0

-

-

-

-

Payment of employee withholding tax related to restricted stock units

612

599

631

649

637

693

672

2,277

2,500

2,693

2,694

4,672

5,016

5,119

5,124

2,646

2,657

2,291

2,925

1,708

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

50

0

0

0

Payroll taxes paid as a result of restricted stock unit withholdings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit of stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,218

3,614

1,648

1,524

771

1,255

1,449

2,627

2,647

1,700

1,436

1,018

1,025

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by/(used in) financing activities

17,184

19,252

19,358

-30,468

-55,992

-105,484

-80,424

-32,168

17,885

42,924

17,301

-9,564

-4,453

27,160

3,010

12,492

-90,141

5,006

5,818

44,612

144,382

29,079

-55,705

-59,217

-60,528

-65,979

22,291

-21,418

-16,548

-26,026

-29,944

-25,558

-30,490

-1,712

-1,354

11

0

0

0

Net increase/(decrease) in cash and cash equivalents

8,631

7,439

5,494

-7,845

-722

-31,764

-18,134

-12,689

-16,061

-5,725

-171,640

-129,730

-50,967

19,832

159,595

149,057

46,210

-10,309

-28,041

-26,638

13,722

11,451

-62,997

-31,627

-16,711

-8,373

85,912

43,770

36,254

12,105

22,861

-1,575

-6,849

5,591

11,002

18,437

0

0

0

Supplemental disclosure of cash flow information Cash paid for:
Interest

12,341

10,901

9,943

9,473

7,604

10,119

8,645

10,624

9,541

8,692

8,094

7,650

7,572

7,538

7,509

13,007

12,596

14,782

13,860

8,617

11,227

6,194

6,125

7,688

4,643

6,882

6,894

5,295

5,372

6,229

4,730

5,865

6,084

4,772

6,280

3,820

0

0

0

Income taxes

9,437

11,686

10,318

10,567

6,917

3,195

1,454

1,387

23,376

43,864

77,948

85,216

82,635

68,597

51,793

50,924

36,410

30,180

23,103

16,926

31,621

31,303

33,088

48,778

42,268

51,040

58,019

44,087

33,415

25,038

5,962

3,963

1,786

1,653

1,912

2,146

0

0

0

Supplemental Disclosure of Non-cash Investing and Financing Activities:
Purchases of property and equipment included in accounts payable

-605

-3,701

-3,220

565

559

4,923

4,923

2,406

2,501

1,207

805

2,474

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of property and equipment funded by capital lease

-

-

-

24,271

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital lease obligation

-

-

-

24,271

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in other assets for operating lease obligations

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impact of adoption of accounting standard updates

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in lease liabilities for operating lease obligations

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-