Apogee enterprises, inc. (APOG)
CashFlow / TTM
Feb'20Nov'19Aug'19Jun'19Mar'19Dec'18Aug'18Jun'18Mar'18Dec'17Aug'17May'17Mar'17Nov'16Aug'16May'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11May'11
Operating Activities
Net earnings

61,914

37,872

44,529

45,764

45,694

80,107

81,863

78,757

79,488

80,278

79,183

84,172

85,790

82,607

78,575

70,938

65,342

59,294

54,510

56,540

50,516

44,666

40,598

29,929

27,986

24,344

22,728

21,664

19,111

17,678

15,162

8,428

4,645

0

0

0

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

46,795

46,101

46,100

46,850

49,798

53,447

56,238

57,470

54,843

51,111

44,714

39,310

35,607

32,182

31,701

31,227

31,248

31,201

31,182

30,398

29,423

28,532

27,118

26,805

26,550

26,288

26,591

26,512

26,529

26,448

26,483

26,752

27,246

0

0

0

Share-based compensation

6,600

6,200

6,381

6,404

6,300

6,255

6,256

6,311

6,200

6,228

6,114

5,999

5,986

5,640

5,444

5,273

4,923

4,774

4,625

4,583

4,793

4,895

4,937

4,793

4,661

4,352

4,383

4,485

4,395

4,583

4,718

5,030

4,412

0

0

0

Deferred income taxes

10,463

-6,018

-1,706

-3,162

-5,506

17,134

10,007

4,749

3,195

-1,069

-496

1,098

-1,065

-4,448

-5,207

-6,120

-6,139

270

402

5,133

4,274

-4,078

-3,707

-6,057

-5,280

636

2,770

3,263

3,557

-2,230

-1,471

-948

-1,115

0

0

0

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

3,469

3,229

3,305

2,725

1,883

1,916

1,467

483

0

0

0

-

-

-

-

(Gain) loss on disposal of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

198

165

492

582

933

1,167

1,487

1,778

1,629

2,374

2,188

1,962

1,954

1,088

1,004

1,009

916

0

0

0

Cash flows from operating leases

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

1,516

3,387

3,520

3,501

2,179

944

945

648

1,431

2,336

2,075

3,179

2,331

826

956

-603

-1,017

-797

-867

-256

-229

-259

436

168

-51

-549

-1,218

-1,148

-1,156

-798

-754

-681

-516

0

0

0

Changes in operating assets and liabilities:
Receivables

4,217

-3,585

1,649

25,001

-18,164

-43,594

-20,087

-39,230

-18,172

-2,564

-26,440

-21,810

-3,460

24,705

37,113

26,963

2,918

-8,661

-11,364

8,354

18,588

31,679

26,881

22,425

19,229

2,105

6,150

5,992

13,364

6,447

7,349

5,835

7,931

0

0

0

Inventories

-7,142

-3,190

-6,421

629

-5,114

-16,700

-20,206

-25,058

-10,387

2,678

12,514

12,528

10,318

8,934

8,947

7,441

2,798

4,764

4,273

7,632

8,660

9,067

5,095

3,985

6,130

-2,085

831

1,818

2,209

5,763

-164

741

1,635

0

0

0

Costs and earnings on contracts in excess of billings

18,468

11,299

29,386

19,461

48,712

54,002

38,292

34,505

-1,134

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued expenses

-375

5,215

3,965

10,481

7,600

-18,250

-7,054

-14,606

-25,627

-11,897

-9,022

8,028

17,449

17,866

22,470

14,079

17,265

11,126

10,265

6,419

12,871

10,880

12,822

18,516

18,282

9,328

7,229

9,757

11,158

5,765

-5,942

-8,908

-7,280

0

0

0

Billings on contracts in excess of costs and earnings

11,314

-631

-5,424

-4,105

9,026

-11,852

-8,911

-9,717

-16,541

-5,018

-15,883

-15,395

-9,991

7,162

17,204

12,979

9,657

4,160

-5,267

5,882

-324

9,496

12,961

4,238

1,202

-10,294

-10,813

-8,456

-1,195

6,506

10,425

8,207

-856

0

0

0

Refundable and accrued income taxes

-8,726

-4,310

-4,091

-990

3,680

-4,962

-4,634

-4,251

315

-1,466

-1,258

-7,312

-9,647

-1,643

-1,785

9,760

12,589

8,517

16,776

1,445

-1,091

1,482

-4,823

4,849

3,449

3,215

1,690

422

-4,086

8,295

8,571

6,707

7,887

0

0

0

Other, net

3,065

1,184

2,303

3,716

2,058

2,854

6,554

1,996

3,714

2,628

-2,124

656

-392

-1,009

657

254

1,045

519

110

600

711

3,174

2,970

2,599

1,738

1,585

2,359

1,543

2,092

1,916

525

814

327

0

0

0

Net cash provided by operating activities

107,262

79,380

66,296

61,338

96,423

131,868

134,583

146,894

127,463

117,425

121,268

130,397

124,001

115,591

110,387

107,604

128,943

120,886

117,277

91,458

71,799

47,295

57,279

56,284

52,921

60,308

42,352

46,013

40,523

52,195

49,704

37,433

24,554

0

0

0

Investing Activities
Capital expenditures

51,428

68,026

59,035

62,588

60,717

48,117

50,612

51,093

53,196

62,459

63,412

61,766

68,061

59,828

54,145

51,010

42,037

35,318

33,319

27,234

27,220

43,256

46,883

49,078

41,852

30,654

27,221

26,667

34,664

24,709

21,752

17,545

9,650

0

0

0

Proceeds from sales of property, plant and equipment

-

-

-

-

-

-

-

-

1,394

0

0

0

-

-

-

-

-

-

-

-

-

-

-

0

-

1,763

1,518

1,233

1,078

54

25

28

10,320

0

0

0

Purchases of marketable securities

7,012

4,408

3,999

1,474

9,213

9,096

13,874

17,328

10,244

10,838

6,296

2,597

3,705

-25,716

-18,259

2,670

35,814

64,677

61,694

41,445

6,142

6,278

4,248

4,821

14,562

32,310

41,541

52,032

58,847

52,912

48,490

39,665

28,966

0

0

0

Sales/maturities of marketable securities

7,768

5,164

5,689

4,727

6,110

7,001

11,148

9,751

10,476

42,018

38,410

37,761

36,433

3,985

2,657

4,243

4,047

3,890

4,350

7,774

6,946

9,924

24,441

35,232

41,020

52,290

49,761

42,036

41,295

39,795

31,680

32,532

35,571

0

0

0

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

36,200

36,200

2,800

2,800

10,000

10,299

10,299

10,300

12,628

0

0

0

Other, net

1,673

1,523

1,121

2,486

2,209

2,299

2,457

1,670

-851

1,279

1,245

804

4,388

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales/maturities of restricted investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,214

39,043

38,860

60,115

39,192

26,048

25,785

5,472

5,608

4,244

14,147

25,354

0

0

0

Investments in corporate-owned life insurance policies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

1,451

1,451

900

900

1,435

0

0

0

Net cash used by investing activities

-47,038

-68,201

-46,907

-49,488

-53,696

-37,061

-51,714

-241,795

-233,568

-340,166

-338,272

-163,609

-175,924

-45,640

-53,669

-54,508

-77,856

-99,571

-90,771

-60,786

-24,475

-17,353

-72,272

-65,670

-43,974

-58,725

3,044

-13,011

-57,132

-43,929

-45,502

-21,771

18,498

0

0

0

Financing Activities
Borrowings on line of credit

-

-

0

376,000

-

-

306,500

438,700

385,700

435,700

405,200

156,107

121,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

10,000

0

0

0

-

-

-

-

Payments on line of credit

-

-

0

0

-

-

0

0

-

0

0

31,396

-

0

0

0

-

-

-

-

-

-

-

244

10,247

10,107

10,107

10,134

164

0

0

0

-

-

-

-

Payments on debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Payments on debt issue costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

633

574

287

320

159

0

0

0

Shares withheld for taxes, net of stock issued to employees

-

-

-

-

-

-

-

-

-

1,097

1,102

844

446

897

1,032

2,424

3,254

3,557

3,376

2,769

3,905

1,944

1,636

1,313

-710

-162

-55

-538

-862

-294

-10

347

188

0

0

0

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

3,469

3,229

3,305

2,725

1,883

1,916

1,467

483

0

0

0

-

-

-

-

Repurchase and retirement of common stock

25,140

40,023

63,336

63,336

43,326

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

6,894

6,894

6,894

863

0

0

0

0

-

-

-

-

-

-

-

-

Dividends paid

18,714

18,492

18,244

18,052

17,864

17,602

17,222

16,801

16,393

15,951

15,528

15,109

14,667

14,239

13,886

13,529

13,184

12,828

12,526

12,208

12,071

11,771

11,463

11,155

10,764

10,433

10,400

10,360

10,316

0

0

0

-

-

-

-

Other, net

-3,160

-2,542

-4,125

-1,685

-1,136

-4,774

-2,820

-2,278

-1,557

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used) provided by financing activities

-74,514

-42,057

-35,774

-3,573

-32,326

-64,511

-74,444

90,801

98,334

183,158

198,287

21,929

18,662

-49,411

-45,568

-43,835

-41,405

-22,869

-13,266

-17,916

-23,009

-15,298

-16,144

-10,270

-17,576

-18,671

-19,048

-18,929

232

-160

-2,306

-5,899

-13,116

0

0

0

Net cash used in operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Net cash used in discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

(Decrease) increase in cash and cash equivalents

-14,290

-30,878

-16,385

8,277

10,401

30,296

8,425

-4,100

-7,771

-39,583

-18,717

-11,283

-33,261

20,540

11,150

9,261

9,682

-1,554

13,240

12,756

24,315

14,644

-31,137

-19,656

-8,629

-17,088

26,348

14,073

-16,377

11,406

5,159

13,035

29,936

0

0

0

Effect of exchange rates on cash

1

11

-135

-941

-519

-1,744

-1,988

65

-167

829

1,269

-29

88

346

-364

-498

-1,397

-1,800

-1,698

-1,645

-595

-430

144

-398

-673

-477

-260

46

117

88

-217

-117

-211

0

0

0

Noncash Activity
Capital expenditures in accounts payable

2,169

-2,863

1,530

1,208

1,703

5,696

2,344

-255

1,784

-1,570

1,930

4,000

3,254

3,575

-1,231

-645

-2,737

2,172

2,828

3,098

2,656

220

1,284

1,384

761

1,061

69

702

553

1,259

1,009

521

546

0

0

0