Astec industries, inc. (ASTE)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Cash flows from operating activities:
Net income

28,440

22,174

-6,560

-2,613

-66,743

-60,744

-2,795

-12,401

42,726

37,590

39,070

48,608

52,390

54,988

46,088

41,211

34,727

31,966

36,936

36,744

39,576

34,206

34,086

38,847

35,510

39,214

41,852

42,705

41,982

40,989

38,705

39,089

42,765

40,665

38,041

37,673

33,898

32,572

0

0

0

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

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Provision for doubtful accounts

1,781

1,249

1,164

881

361

223

411

541

-36

482

169

49

427

280

506

668

541

18

432

349

767

1,011

824

709

251

629

738

841

1,139

759

439

715

1,183

1,510

1,393

965

273

-11

0

0

0

Provision for warranties

9,748

9,762

10,124

10,186

12,512

13,219

14,998

16,006

16,182

16,725

17,619

18,860

19,293

18,912

15,155

13,581

13,212

13,743

12,083

13,126

13,271

12,796

15,217

14,064

13,110

12,199

11,452

11,571

11,170

11,152

12,616

13,041

12,870

13,029

0

0

0

-

-

-

-

Deferred compensation expense (benefit)

-137

617

-1,039

-1,509

-977

-1,554

-290

283

-364

-574

-223

-14

986

1,742

1,687

915

229

241

111

-186

-119

74

51

1,058

1,000

601

508

432

-145

115

213

-681

-78

-45

40

918

826

539

0

0

0

Provision for inventory reserve

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Provision for warranty

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-13,365

0

0

0

Tax benefit from stock incentive plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

432

521

586

654

566

480

-8

-140

-141

-142

107

302

307

474

310

1,219

1,083

637

579

0

0

0

Stock-based compensation

2,733

2,637

2,530

2,600

2,317

2,182

2,138

2,649

3,028

3,142

3,689

3,730

3,442

2,936

2,668

1,414

1,402

1,250

831

1,363

1,196

1,200

1,421

1,511

1,389

1,461

1,566

1,438

1,659

1,285

1,511

1,667

1,938

2,800

3,184

3,203

2,685

2,395

0

0

0

Deferred income tax provision

11,278

1,715

-17,779

-16,852

-21,540

-25,385

1,520

-167

167

-291

0

0

0

-

-

-

-

-2,559

-2,379

-3,764

-2,895

-2,544

-4,803

-2,613

-3,633

-2,220

888

767

3,079

6,223

3,213

3,341

2,295

-1,982

-653

-899

46

-497

0

0

0

(Gain) loss on disposition of fixed assets

690

-255

-487

-288

-228

71

345

374

303

388

194

324

286

224

617

421

587

529

376

370

257

306

170

108

160

163

162

253

180

256

301

277

235

54

8

-71

-31

8

0

0

0

Asset impairment charges

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distribution from Supplemental Employee Retirement Program (Serp Rabi trust) to Serp participant after termination.

2,031

2,207

2,543

1,590

955

767

291

267

207

206

213

563

563

532

862

483

3,078

2,986

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in operating assets and liabilities:
Sale (purchase) of trading securities, net

2,277

864

-753

372

-394

758

229

-192

41

-473

254

822

789

1,873

1,252

775

1,410

405

1,014

712

-463

-118

-310

-219

1,477

1,350

627

919

165

146

1,074

-6

-1,847

-1,733

-4,022

-2,625

-1,490

-946

0

0

0

Trade and other receivables

5,304

-7,531

-9,473

-1,311

-13,746

16,189

16,027

-6,583

-4,417

7,749

-1,095

17,664

33,138

4,895

4,565

12,274

-7,497

-3,163

-4,012

-6,150

14,875

6,924

7,802

17,908

7,111

8,849

-5,036

-10,912

-3,118

-7,555

9,583

17,970

15,852

24,554

54,207

52,729

47,080

11,911

0

0

0

Inventories

-71,873

-61,297

-67,337

-28,927

-39,646

-30,757

18,127

2,109

27,232

19,618

373

-4,621

-23,401

-30,839

18,247

6,610

10,753

6,499

18,849

23,406

23,511

41,933

28,874

39,591

42,072

36,561

21,304

24,313

36,291

41,145

42,928

31,806

31,615

33,058

38,772

10,171

20,982

2,115

0

0

0

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

2,285

2,589

4,763

5,870

3,597

2,367

3,215

1,345

2,776

1,872

1,566

-1,114

-930

-257

-45

1,575

1,493

482

-511

0

0

0

Prepaid expenses and other assets

921

2,260

11,890

13,310

7,689

11,943

8,986

6,405

8,680

5,181

-12,579

-14,464

-9,289

-4,846

9,981

12,377

9,619

3,016

823

2,765

3,056

3,989

5,630

-2,450

-1,979

5,433

1,564

8,518

9,989

1,655

1,187

-157

-1,146

-177

-10,672

-14,888

-13,429

-5,532

0

0

0

Accounts payable

-9,146

-12,968

-13,103

3,656

4,520

9,843

11,857

-2,851

-6,353

630

8,422

10,001

16,919

8,836

6,406

3,604

-8,449

-11,409

-5,681

-4,174

2,469

10,755

601

7,875

9,976

1,028

1,571

-3,513

-2,821

-6,425

2,210

650

2,338

9,002

5,435

11,276

9,199

7,351

0

0

0

Accrued and payroll related expenses

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amount of increase (decrease) in the standard product warranty accrual.

9,959

10,473

11,063

11,344

17,357

17,539

18,050

18,940

14,007

14,642

15,186

16,740

16,228

15,125

13,689

12,075

19,918

14,177

7,987

-645

-16,030

-15,563

-14,574

-12,058

-10,598

-10,163

-10,295

-10,501

-10,293

-11,021

-10,724

-10,921

-10,921

-10,524

0

0

0

-

-

-

0

Customer deposits

-5,684

-5,299

-7,664

-9,384

-7,429

-522

1,234

-1,597

11,671

9,379

-25,407

-16,306

-23,054

-762

44,511

31,915

29,343

-3,697

-5,862

-11,378

-4,603

5,483

-2,836

197

-16,507

-5,436

-2,117

-1,116

19,896

4,918

6,744

6,233

526

6,235

8,994

10,821

12,886

8,328

0

0

0

Prepaid, refundable and income taxes payable, net

-6,871

12,192

23,702

20,493

-2,191

3,683

4,594

-1,891

-2,378

-597

-21,720

-12,370

-1,315

181

3,354

-2,053

-4,892

-4,093

-3,178

830

4,401

-1,136

1,124

2,224

-1,454

-823

1,429

4,002

4,750

1,611

0

0

0

-

-

-

0

-

-

0

0

Other accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,983

-680

6,648

2,474

2,267

0

0

0

Other

5,005

-726

-4,115

-3,809

-2,242

-843

3,588

-380

2,740

1,366

7,903

10,887

2,508

25

-8,408

-8,894

-9,764

-3,387

-2,519

-1,543

-2,387

-3,195

-2,221

-1,620

1,478

-1,709

-1,697

-3,086

-132

-12

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by operating activities

106,008

112,434

74,924

-5,335

-5,477

-29,785

10,598

69,354

44,282

41,881

48,782

61,701

75,021

134,806

105,495

80,557

69,333

30,866

28,162

20,203

24,355

18,863

11,974

25,793

6,179

5,861

41,569

33,486

40,933

28,633

31,021

23,659

31,168

32,307

11,110

13,832

42,032

62,036

0

0

0

Expenditures for property and equipment

25,411

23,360

27,846

27,378

26,152

27,440

23,644

17,919

19,651

20,046

23,804

24,948

27,719

27,367

23,202

23,798

19,383

21,202

21,889

21,894

23,360

24,851

23,976

26,081

26,698

27,673

30,872

29,826

29,988

26,018

24,390

28,872

37,535

36,130

32,739

26,245

13,549

11,336

0

0

0

Sale of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of property and equipment

2,355

483

313

268

356

375

473

512

399

480

374

681

643

614

10,253

9,900

10,110

10,054

570

845

714

743

624

391

431

424

106

51

-11

375

675

674

674

260

251

270

231

202

0

0

0

Other

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used by investing activities

-21,814

-21,540

-26,569

-27,132

-25,854

-27,425

-49,842

-44,085

-46,687

-46,900

-23,697

-64,181

-66,830

-66,227

-52,887

-14,282

-8,729

-10,592

-20,612

-20,230

-57,611

-42,824

-42,068

-44,406

-25,018

-42,249

-2,826

-1,835

12,941

17,297

-48,622

-61,105

-69,768

-68,777

-40,488

-25,975

-13,318

-11,134

0

0

0

Cash flows from financing activities:
Payment of dividends

9,923

9,916

9,912

9,963

9,795

9,625

9,455

9,231

9,228

9,226

9,225

9,222

9,219

9,217

9,212

9,206

9,201

9,193

9,186

9,180

9,172

9,167

9,160

9,153

9,147

6,856

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings under bank loans

101,118

165,980

264,831

269,545

213,366

148,504

0

0

0

-

-

-

-

5,973

22,288

30,166

56,330

106,034

191,206

185,507

162,541

113,547

7,782

5,247

2,104

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of bank loans

156,655

224,034

291,207

242,914

159,396

91,964

25,400

2,418

3,284

7,242

6,916

9,495

9,384

5,903

24,850

32,120

55,675

104,567

188,475

177,972

153,200

103,188

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

112

100

100

57

514

786

794

1,285

812

938

1,178

1,179

1,431

0

0

0

Tax benefit from stock option exercise

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

432

521

586

654

566

480

-8

-140

-141

-142

107

302

307

474

310

295

425

539

579

0

0

0

Sale / (purchase) of company stock by SERP, net .

45

-256

-323

-336

-264

-377

-409

-409

-380

-289

126

91

-112

153

-4,236

-4,262

-4,107

-2,084

0

0

0

-

-

-

199

213

-569

-593

-371

-373

-262

-273

-264

-266

234

248

83

-25

0

0

0

Withholding tax paid upon vesting of restricted stock units

760

355

312

160

228

432

438

438

370

507

501

503

503

1,024

1,024

1,022

1,022

600

600

615

751

953

952

937

801

782

901

931

931

834

716

686

686

0

0

0

0

-

-

-

-

Sale (purchase) of subsidiaries shares to/from minority shareholders, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Net cash used by financing activities

-66,281

-68,085

-46,518

-7,311

20,045

22,694

-377

-11,780

-12,608

-16,792

-12,295

-14,486

-15,071

-11,020

-13,177

-12,511

-9,674

-6,062

-5,387

-408

2,127

2,440

-997

-3,479

-6,643

-6,586

-26,508

-24,586

-21,484

-22,472

1,138

1,192

834

885

1,120

1,618

1,730

2,026

0

0

0

Effect of exchange rates on cash

-2,665

227

-1,222

-523

-2,048

-1,943

-1,084

-390

1,552

1,720

1,115

600

-164

-250

-942

-1,644

-949

-2,173

-1,998

-1,836

-1,376

-1,020

-1,431

-441

-2,724

-2,391

-1,457

-1,824

-857

-34

290

-1,320

-763

-1,507

-1,371

2,026

543

1,240

0

0

0

Net change in cash and cash equivalents

15,248

23,036

615

-40,301

-13,334

-36,459

-40,705

13,099

-13,461

-20,091

13,905

-16,366

-7,044

57,309

38,489

52,120

49,981

12,039

165

-2,271

-32,505

-22,541

-32,522

-22,533

-28,206

-45,365

10,778

5,241

31,533

23,424

-16,173

-37,574

-38,529

-37,092

-29,629

-8,499

30,987

54,168

0

0

0

Supplemental Cash Flow Information