EVOQUA WATER TECHNOLOGIES CORP. AQUA Cash Flow

Evoqua water technologies corp. (AQUA)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16
Operating activities
Net income (loss)
67,660	61,323	-8,471	-13,553	-16,806	-5,399	7,884	23,972	24,690	16,605	6,410	0	0	0
Reconciliation of net income (loss) to cash flows provided by operating activities:
Depreciation and amortization
103,498	100,289	98,236	95,333	92,749	89,067	85,860	83,997	80,729	79,122	77,886	0	0	0
Amortization of debt related costs (includes $1,795 and $0 write off of deferred financing fees)
4,484	2,757	2,612	5,063	5,159	4,787	8,073	7,467	8,080	8,780	8,511	0	0	0
Deferred income taxes
12,150	2,035	1,948	-2,275	-11,630	-3,910	-6,232	-6,692	6,275	5,249	1,273	0	0	0
Share-based compensation
16,617	19,058	19,903	18,733	18,150	17,655	15,742	11,874	8,093	4,397	2,251	0	0	0
Loss (gain) on sale of property, plant and equipment
640	659	932	831	6,974	7,032	6,750	5,626	-1,778	-1,876	-1,230	0	0	0
Gain on sale of business
0	0	-	-	0	0	-	-	-	-	-	-	-	-
Foreign currency exchange losses on intercompany loans and other non-cash items
-6,999	34	-10,713	-4,709	-13,928	-12,010	-5,766	-923	13,654	14,693	5,625	0	0	0
Changes in assets and liabilities
Accounts receivable
26,579	15,143	13,235	10,153	11,485	9,008	3,139	23,084	10,008	13,195	44,047	0	0	0
Inventories
5,094	-4,420	1,469	9,330	11,290	24,294	12,051	18,369	12,058	7,584	5,948	0	0	0
Contract assets
21,045	28,005	23,827	-8,063	3,855	-1,771	3,544	26,915	26,545	21,071	17,296	0	0	0
Prepaids and other current assets
1,755	-2,828	-9,447	-9,046	-8,870	-1,277	3,773	-609	7,037	689	2,971	0	0	0
Accounts payable
24,287	7,495	9,408	-4,784	-6,751	16,315	24,945	32,626	29,080	18,959	4,707	0	0	0
Accrued expenses and other liabilities
-14,775	-3,143	-9,159	-8,881	-3,219	-5,435	-22,851	-25,113	-19,901	-24,376	-2,243	0	0	0
Contract liabilities
10,617	13,950	21,311	9,364	-1,448	-6,555	-9,254	-4,515	474	9,147	1,301	0	0	0
Income taxes
231	2,240	-3,651	-7,480	-814	615	2,777	11,308	12,002	6,146	6,656	0	0	0
Other non‑current assets and liabilities
-11,231	-14,662	-12,362	-5,562	-1,926	2,294	2,436	12,964	11,299	5,761	3,593	0	0	0
Net cash provided by operating activities
119,835	125,794	125,196	98,586	66,510	79,570	81,017	49,498	70,699	62,912	28,502	0	0	0
Investing activities
Payments to Acquire Property, Plant, and Equipment
86,946	88,872	88,869	90,092	89,725	83,025	80,713	71,869	62,216	59,429	57,775	0	0	0
Purchase of intangibles
4,150	6,295	6,426	5,189	4,557	2,291	1,950	0	0	0	-	-	-	-
Proceeds from sale of property, plant and equipment
1,032	3,650	3,636	11,254	23,977	21,491	21,641	13,448	5,536	5,063	5,422	0	0	0
Proceeds from sale of business, net of cash of $12,117
0	0	-	-	0	0	-	-	-	-	-	-	-	-
Acquisitions, net of $0 cash received
16,085	14,033	2,873	0	0	0	-	-	-	-	77,628	0	0	0
Net cash provided by (used in) investing activities
12,745	3,371	-94,532	-223,046	-204,046	-209,838	-207,035	-70,292	-138,597	-126,178	-134,895	0	0	0
Financing activities
Issuance of debt, net of deferred issuance costs
-	37,891	-	-	-	161,084	155,270	261,896	263,810	263,810	415,602	0	0	0
Capitalized deferred issuance costs related to refinancing
-	-	-	-	-	-	-	-	-	-	-	0	0	0
Borrowings under credit facility
180,422	277,838	292,825	312,188	238,000	138,000	129,000	64,812	104,000	122,000	131,000	0	0	0
Repayment of debt
296,286	293,711	307,809	326,626	252,165	151,698	242,470	421,864	401,841	420,723	423,418	0	0	0
Repayment of capital lease obligation
14,669	13,777	12,900	13,757	9,910	11,476	10,474	9,110	10,795	8,132	7,962	0	0	0
Payment of earn-out related to previous acquisitions
-	0	-	-	-	0	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock
15,392	4,341	363	341	341	68	137,605	137,605	138,975	139,074	5,521	0	0	0
Taxes paid related to net share settlements of share-based compensation awards
334	1,255	1,270	2,288	2,375	8,822	8,807	0	0	0	-	-	-	-
Stock repurchases
-	-	-	-	-	-	230	628	1,161	1,584	1,474	0	0	0
Cash paid for interest rate cap
0	0	2,235	2,235	2,235	2,235	0	0	0	0	-	-	-	-
Distribution to non‑controlling interest
2,000	1,800	1,150	2,050	2,775	3,825	3,725	2,425	2,800	4,500	4,750	0	0	0
Net cash used in financing activities
-81,720	8,891	5,744	129,144	130,617	115,568	150,641	24,998	87,018	93,873	114,519	0	0	0
Effect of exchange rate changes on cash
-1,824	972	-1,601	-869	-2,073	-2,384	-1,512	-914	1,620	-1,938	766	0	0	0
Change in cash and cash equivalents
41,745	131,737	27,516	3,815	-8,992	-17,084	23,111	3,290	20,740	28,669	8,892	0	0	0
Supplemental disclosure of cash flow information
Cash paid for taxes
7,888	10,685	10,340	9,161	6,958	5,301	4,450	4,702	3,335	1,966	3,017	0	0	0
Cash paid for interest
49,559	51,731	52,786	51,826	49,273	46,170	43,596	43,059	43,225	43,725	43,426	0	0	0
Non‑cash investing and financing activities
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability
-	0	-	-	-	0	-	-	-	-	-	-	-	-
Finance lease transactions
14,652	23,374	18,640	17,108	14,943	8,259	10,595	8,102	12,407	17,457	15,513	0	0	0
Option and Purchase Right
0	0	-	-	0	0	-	-	-	-	-	-	-	-