Astronics corporation (ATRO)
CashFlow / Quarterly
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'11
Cash Flows From Operating Activities:
Net (Loss) Income

-66,963

-34,065

1,210

6,726

78,146

12,485

16,999

14,025

3,294

-5,653

6,060

7,685

11,587

9,885

12,074

14,980

11,485

13,907

24,694

17,690

10,683

18,439

17,080

13,144

7,507

6,389

7,155

5,158

8,564

5,655

4,930

5,194

6,095

5,169

6,665

4,548

5,209

Adjustments to Reconcile Net (Loss) Income to Cash Flows from Operating Activities, Excluding the Effects of Divestitures:
Depreciation and Amortization

7,971

8,866

8,203

7,904

8,076

8,276

8,172

8,743

9,841

7,794

6,682

6,289

6,298

6,333

6,311

6,600

6,546

6,478

6,286

6,418

6,127

6,086

10,859

5,471

4,838

4,512

3,077

1,721

1,749

1,950

2,124

1,384

1,447

1,351

1,198

1,204

1,190

Provisions for Non-Cash Losses on Inventory and Receivables

872

12,334

184

1,931

2,498

839

613

1,255

564

2,030

25

383

535

850

626

365

563

1,674

556

1,031

-74

1,226

223

198

312

-165

-134

399

116

575

483

137

437

352

-147

229

368

Equity-based Compensation Expense

1,703

900

798

952

1,193

749

712

706

931

395

747

800

656

405

620

659

597

534

597

637

506

426

438

472

394

336

339

383

326

273

355

405

318

254

270

294

243

Deferred Tax Expense (Benefit)

2,050

-10,565

-449

27

-3,398

-1,144

-1,020

612

-1,128

-4,574

-384

-20

-516

-1,229

-2,547

-512

-468

-9

333

-536

-40

-79

-1,833

-1,949

-816

-1,831

22

72

1,015

-733

-335

-570

94

-266

319

180

190

Operating Lease Amortization Expense

1,210

-

-

-

988

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on Sale of Business, Before Taxes

0

0

-1,332

0

80,133

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment Loss

74,408

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-968

-2,402

1,055

-999

736

161

76

-36

467

280

-147

513

291

236

-81

-201

-119

315

137

-48

-110

-886

53

-314

879

-285

487

99

277

-39

28

-204

61

-139

274

122

-37

Cash Flows from Changes in Operating Assets and Liabilities, Excluding the Effects of Divestitures:
Accounts Receivable

-13,644

-10,660

-18,157

-11,680

6,414

-5,599

19,543

12,479

20,868

8,329

-5,561

3,808

3,268

-9,085

12,847

476

10,384

-29,067

25,999

22,360

-18,563

-22,712

7,839

-3,909

37,632

1,311

-2,300

3,359

-5,863

-1,739

1,933

3,685

4,218

-3,173

1,480

-1,419

6,154

Inventories

7,224

-6,252

7,687

5,333

5,943

-1,073

-3,993

1,557

18,204

-364

8,027

4,496

5,957

-2,442

968

1,028

3,117

-2,268

-11,981

13,312

3,474

-9,548

1,552

-9,037

-8,699

1,554

-1,496

4,049

1,115

2,495

1,814

2,491

2,530

-1,907

-769

1,196

2,363

Accounts Payable

6,295

-11,123

2,191

-5,653

-2,032

8,600

-7,410

-11,437

19,418

2,172

4,918

-1,048

4,397

-2,211

221

-2,765

2,755

-512

-10,848

3,675

5,517

-15,928

4,221

-5,818

9,520

2,041

-684

2,737

1,737

-3,609

2,465

-969

1,576

247

178

1,030

-1,804

Accrued Expenses

-5,730

-4,870

3,274

142

-9,283

3,200

4,924

3,247

-3,194

4,781

1,623

1,371

-8,477

612

2,857

4,879

-8,522

-1,924

6,519

3,678

-4,535

-834

6,900

2,035

-1,275

-

-

-

-

-

-

-

-

-

-

-

-

Other Current Assets and Liabilities

557

-

-278

-1,885

2,860

-

1,216

-3,070

3,474

-

1,888

1,726

942

-

492

182

-214

-

146

-281

633

-

1,142

937

382

-

-2,336

-11

2,937

-

-1,806

-1,687

1,422

-

-2,842

-531

1,232

Customer Advanced Payments and Deferred Revenue

-490

-8,653

-2,032

-5,289

4,055

-3,506

4,772

3,987

10,482

-2,582

1,807

-2,071

-2,072

-4,258

-1,289

-6,161

-3,831

-2,089

7,891

-4,491

-8,796

-538

18,741

-5,351

9,203

1,032

783

-41

-2,321

2,035

-305

4,257

503

1,009

1,081

793

-940

Income Taxes

-3,591

-2,210

-3,600

-17,643

26,824

-145

-4,126

-1,492

1,303

507

145

-5,066

4,038

1,066

-3,247

5,862

4,245

-14,338

462

2,194

2,416

-6,132

-636

-92

2,776

817

375

-129

1,208

-345

-35

-1,624

2,673

428

-815

-2,050

2,033

Operating Lease Liabilities

-1,217

-

-

-

-1,005

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Billings in Excess of Recoverable Costs and Accrued Profits on Uncompleted Contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

116

-15

203

-60

-204

-83

-779

-178

-215

Supplemental Retirement and Other Liabilities

-99

374

381

-643

1,378

573

455

448

448

184

371

376

382

392

431

354

341

1,062

418

411

409

352

306

307

308

360

251

305

282

336

261

300

81

19

-62

-71

-17

Cash Flows from Operating Activities

23,250

12,448

21,185

-2,298

11,354

39,522

7,249

9,164

-1,054

15,470

17,787

-1,844

6,370

23,704

1,831

22,776

543

35,327

22,299

-5,904

26,779

31,325

45,319

20,657

2,573

15,401

16,829

2,993

14,326

7,043

8,177

4,169

4,789

14,987

9,765

6,611

-3,455

Cash Flows from Investing Activities:
Acquisitions of Businesses, Net of Cash Acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-330

-9

0

52,615

-1,827

2,177

-2,424

70,275

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds on Sale of Business

0

85

999

0

103,793

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital Expenditures

2,793

3,233

1,933

3,443

3,474

3,901

3,921

4,149

4,346

3,763

3,965

2,983

2,767

3,168

3,693

3,726

2,450

2,784

3,580

5,218

7,059

10,911

6,880

6,185

16,906

2,035

1,162

1,843

1,828

6,150

6,074

2,831

1,665

1,406

5,896

6,225

754

Other Investing Activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8

-1

2,378

300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash Flows from Investing Activities

-2,793

-9,527

-22,719

-3,443

100,319

-3,875

-7,297

-4,149

-4,346

-107,577

-6,197

-13,020

-2,767

-3,168

-4,428

-4,576

-2,450

-2,446

-3,570

-7,596

-59,974

-9,121

-9,057

-3,761

-87,181

-25,979

-137,060

-1,843

-1,828

-6,190

-16,693

-2,831

-1,665

-25,257

-5,896

-6,225

-754

Cash Flows from Financing Activities:
Proceeds from Long-term Debt

150,000

18,000

72,000

17,000

10,000

0

5,000

15,015

15,000

105,086

20,000

22,000

0

0

5,000

5,000

10,000

0

0

15,000

40,000

480

187,264

150

58,000

-

-

-

-

-

-

-

-

-

-

-

-

Payments for Long-term Debt

5,000

10,027

14,027

10,027

122,026

25,718

10,700

25,711

10,705

10,689

5,690

684

6,657

15,926

7,630

10,675

7,604

38,686

22,677

668

5,663

29,783

219,878

25,478

405

40,792

-16,816

-2,443

-2,035

19,205

-1,391

-1,455

-6,052

9,199

-398

-1,440

-2,059

Purchase of Outstanding Shares for Treasury

7,732

-

-

-

0

-

-

-

-

0

18,858

9,111

4,413

172

5,292

7,893

4,261

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock Options Activity

33

-

7

257

159

-

2

121

160

-

32

22

295

-89

3,345

106

451

-312

2,670

236

402

558

486

216

588

1,514

233

38

137

1,509

54

52

99

588

1,188

201

289

Debt Acquisition Costs

-

-

-

-

-

0

0

0

516

0

0

0

0

-164

0

0

164

-

0

0

0

0

293

0

280

0

2,128

0

160

-

-

-

-

-

-

-

-

Finance Lease Principal Payments

461

-

-

-

395

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition Earnout Payments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5

-11

53

-

0

0

81

-

-

-

-

-

-

-

-

Excess Tax Benefit from Exercise of Stock Options

-

-

-

-

-

-

-

-

-

-

-

-

-

305

0

0

529

2,354

-89

0

708

3,221

780

0

1,261

549

592

0

57

861

247

0

144

1,418

0

40

156

Other Financing Activities

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash Flows from Financing Activities

136,840

5,759

7,530

6,791

-112,262

-23,800

-5,698

-10,575

3,939

94,489

-4,516

12,227

-10,775

-15,718

-4,577

-13,462

-1,049

-36,642

-20,096

14,566

35,447

-25,487

-31,636

-25,101

59,111

-3,060

171,881

-2,405

-2,082

-1,039

7,910

-1,403

-5,809

570

678

-1,199

-1,614

Effect of Exchange Rates on Cash

-839

431

-307

90

-67

-118

31

-219

-66

155

35

142

34

-195

41

-118

186

-111

33

138

-886

-448

-523

-87

-21

87

1

-8

2

-1

5

-2

1

7

-10

0

2

Increase (Decrease) in Cash and Cash Equivalents

156,458

9,111

5,689

1,140

-656

11,729

-5,715

-5,779

-1,527

2,537

7,109

-2,495

-7,138

4,623

-7,133

4,620

-2,770

-3,872

-1,334

1,204

1,366

-3,731

4,103

-8,292

-25,518

-13,551

51,651

-1,263

10,418

-187

-601

-67

-2,684

-9,693

4,537

-813

-5,821