Balchem corporation (BCPC)
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'11
Net Cash Provided by (Used in) Operating Activities [Abstract]
Net earnings

80,656

79,671

79,622

78,160

78,010

78,573

100,214

97,043

93,899

90,071

64,020

61,989

59,604

55,972

55,707

55,670

56,436

59,722

63,085

64,288

59,104

52,826

44,551

41,030

42,880

44,874

44,019

43,235

41,625

40,005

39,609

39,521

39,121

38,765

0

0

0

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

47,575

45,862

44,691

43,972

44,375

44,666

44,669

44,722

44,171

44,379

44,989

45,619

46,521

46,202

44,531

42,739

40,954

39,964

40,150

40,551

37,919

30,524

22,826

15,107

10,484

10,474

10,266

10,066

9,842

9,641

9,632

9,605

9,479

9,291

0

0

0

Stock compensation expense

8,146

7,596

6,922

6,576

6,251

6,413

7,124

6,838

6,217

6,264

5,726

5,960

6,667

7,024

6,819

8,094

7,852

6,829

6,764

4,893

4,743

4,557

4,379

4,184

3,729

3,817

3,860

3,941

4,008

3,906

3,785

3,704

3,637

3,692

0

0

0

Shares issued under employee benefit plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

311

387

492

496

475

0

0

0

Deferred income taxes

-3,463

-3,563

-5,461

-5,548

-5,330

-5,403

-28,858

-28,945

-28,811

-28,777

-7,596

-7,109

-6,885

-6,881

-2,228

-2,695

-2,861

-2,857

-7,444

-11,279

-11,310

-11,259

-4,176

543

363

-315

1,136

-47

-361

-92

-132

455

608

307

0

0

0

Provision for doubtful accounts

2,210

1,776

951

759

200

43

15

-151

-79

69

140

305

288

258

169

176

12

-53

-63

64

222

238

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency transaction (gain)/loss

1

-72

-14

-70

142

141

98

15

-290

-340

-245

-187

-35

16

58

20

-41

-25

-147

-158

-103

-105

-107

-36

-80

-92

-83

-83

-195

-88

-91

-173

-223

-197

0

0

0

Asset impairment charge

1,026

1,140

244

936

1,844

1,801

1,671

979

71

0

-319

-88

-89

0

434

283

305

301

196

256

235

150

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposal of assets

415

3,134

3,371

5,410

4,870

3,244

3,078

485

764

-254

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities
Accounts receivable

981

-11,623

-9,793

-350

4,345

7,773

13,617

13,383

12,374

3,906

14,652

14,798

10,482

15,659

-3,010

-3,903

-2,635

-10,809

-7,521

-8,964

-3,117

8,395

7,391

8,583

-2,554

-2,958

3,173

2,714

8,376

7,642

1,186

-302

2,159

2,697

0

0

0

Inventories

10,734

11,401

1,495

-2,868

713

6,016

11,539

7,894

187

319

75

1,237

2,086

-4,745

-10,020

-5,740

-5,669

-3,126

-7,004

-8,332

-5,462

-6,698

1,675

95

732

3,942

4,232

4,545

3,924

1,979

2,069

1,573

1,748

3,009

0

0

0

Prepaid expenses and other current assets

844

-477

582

-1,179

-2,144

-1,517

-1,274

-569

90

439

2,154

2,787

150

-240

-1,161

-1,132

-297

-1,233

311

-333

52

848

-462

355

-239

-495

-442

-163

-105

387

564

779

-106

339

0

0

0

Accounts payable and accrued expenses

10,425

1,134

417

-5,805

-4,128

5,988

10,436

9,840

8,304

1,511

11,938

6,639

1,710

17,841

-6,751

-2,305

-1,654

-15,718

-1,962

-5,301

348

7,747

5,723

5,589

1,345

-2,770

-1,639

-1,954

2,422

5,775

3,606

2,730

213

739

0

0

0

Income taxes

-7,716

-5,664

-931

2,470

2,063

1,121

919

1,119

834

449

2,980

1,180

5,926

-2,765

-6,887

-1,894

-2,642

633

558

-3,228

2,079

3,370

-661

1,084

-47

-620

-2,092

-2,015

-336

3,890

2,156

4,183

-2,273

-2,924

0

0

0

Other

-1,341

-1,128

192

236

342

1,152

1,217

1,385

1,814

722

1,448

978

-213

331

-1,134

-905

-493

-188

-686

-453

-262

-363

770

938

684

629

331

71

108

208

-107

222

286

338

0

0

0

Customer deposits and other deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Deposit held in escrow

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

Net cash provided by operating activities

124,543

124,461

131,006

120,813

115,701

118,697

110,349

111,622

113,295

110,618

107,249

97,346

101,091

107,612

104,793

109,918

106,551

103,826

114,959

107,613

101,708

85,350

65,061

59,511

61,579

55,692

49,292

46,342

45,479

53,781

55,183

59,008

47,886

44,902

0

0

0

Cash flows from investing activities:
Capital expenditures and intangible assets acquired

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for acquisitions, net of cash acquired

-

-

-

-

-

-

-

-

-

17,393

17,393

16,759

1,169

110,601

110,601

110,601

110,601

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures

-

-

-

-

-

-

-

0

28,327

-

21,909

19,117

15,308

23,034

31,984

40,737

45,592

41,300

35,382

24,994

18,429

13,199

7,477

6,520

5,925

8,187

13,034

15,856

15,882

13,883

9,254

6,600

6,227

6,612

0

0

0

Proceeds from insurance

0

2,727

2,727

5,302

5,302

4,165

4,957

2,382

4,382

2,792

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Intangible assets acquired

-

-

-

-

-

-

-

0

563

-

606

707

957

963

1,083

980

777

1,011

771

745

529

169

103

55

224

230

328

327

154

121

0

0

0

-

-

-

-

Net cash used in investing activities

-155,839

-156,225

-108,751

-133,836

-35,507

-31,991

-35,568

-22,618

-40,710

-42,696

-37,904

-33,579

-16,430

-133,594

-142,634

-152,284

-156,936

-42,277

-36,152

-25,738

-504,514

-504,424

-498,637

-497,592

-11,609

-8,377

-13,322

-16,183

-16,036

-14,004

-9,267

-6,632

-6,224

-6,609

0

0

0

Cash flows from financing activities:
Proceeds from revolving loan

178,569

168,569

0

0

0

-

-

-

-

25,000

115,500

115,500

135,500

72,500

-65,000

-65,000

-65,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on revolving loan

65,000

76,000

83,000

90,750

70,750

54,750

35,750

34,500

39,000

44,000

57,500

43,000

58,500

53,500

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on long-term debt

-

-

-

-

-

219,500

236,250

245,000

43,000

43,000

35,000

35,000

35,000

35,000

35,000

35,000

35,000

35,000

35,000

35,000

26,250

17,500

0

0

0

-

-

-

-

1,386

3,752

3,462

3,523

3,557

0

0

0

Proceeds from long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

178

178

178

178

0

0

0

0

Principal payment on acquired debt

-

-

-

-

-

-

-

-

-

2,384

2,384

2,384

0

884

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of short-term obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

89

89

89

89

89

89

89

89

0

0

0

0

-

-

-

-

Proceeds from stock options exercised

8,986

4,839

3,873

3,503

7,299

8,272

8,341

11,417

7,024

9,732

10,731

9,053

9,816

7,192

6,689

5,717

10,775

12,605

14,399

16,145

10,954

9,106

8,948

6,875

8,312

9,082

7,335

6,116

3,498

1,905

3,163

3,014

3,976

4,451

0

0

0

Excess tax benefits from stock compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

2,546

2,256

2,016

5,004

7,009

10,282

11,533

8,019

7,220

7,308

7,705

9,595

9,397

6,909

4,844

3,267

2,862

3,170

2,794

3,482

2,894

0

0

0

Dividends paid

16,704

15,135

15,139

15,139

15,146

13,432

13,428

13,428

13,421

12,069

12,062

12,062

12,062

10,720

10,727

10,727

10,727

9,251

9,251

9,251

9,251

7,856

7,856

7,856

7,856

0

6,466

6,466

6,466

11,703

5,238

5,238

5,237

4,311

0

0

0

Purchase of treasury stock

21,485

21,321

21,492

898

1,335

1,394

1,295

1,387

2,080

1,905

1,943

1,851

1,584

1,588

1,552

2,662

1,820

1,205

1,932

822

1,035

1,068

2,106

2,136

1,931

1,925

821

791

762

1,699

965

965

1,073

109

0

0

0

Net cash used in financing activities

66,799

43,385

-4,411

-7,207

-81,325

-71,447

-66,025

-70,271

-69,861

-68,626

-68,047

-53,990

-85,767

-19,454

-11,218

3,460

32,348

-25,842

-21,502

-67,445

254,294

261,670

269,312

326,406

8,031

16,465

6,859

2,923

-1,587

-9,843

-3,444

-3,679

-2,197

-632

0

0

0

Effect of exchange rate changes on cash

-548

-217

-1,111

-572

-2,544

-1,407

-826

144

2,958

2,477

910

401

-1,069

-716

36

84

596

-1,199

-1,153

-1,901

-2,205

-1,056

-511

169

239

230

168

78

-57

22

-162

-379

-226

-133

0

0

0

Increase (decrease) in cash and cash equivalents

34,955

11,404

16,733

-20,802

-3,675

13,852

7,930

18,877

5,682

1,773

2,208

10,178

-2,175

-46,152

-49,023

-38,822

-17,441

34,508

56,152

12,529

-150,717

-158,460

-164,775

-111,506

58,240

64,010

42,997

33,160

27,799

29,956

42,310

48,318

39,239

37,528

0

0

0