Bel fuse inc /nj (BELFB)
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) earnings

-3,804

-6,352

-6,489

2,967

1,131

4,025

11,352

6,635

-1,303

-20,787

5,024

3,120

746

3,377

9,710

22,775

-100,696

2,895

4,920

6,062

5,320

1,774

1,261

3,065

2,503

7,397

7,380

1,689

-558

-2,431

2,491

1,437

876

82

1,012

-574

3,244

Adjustments to reconcile net (loss) earnings to net cash provided by (used in) operating activities:
Impairment of goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-2,611

108,583

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

4,126

4,206

4,049

4,106

4,110

4,469

4,418

4,544

4,776

5,006

5,236

5,249

5,227

5,408

5,402

5,467

5,501

5,885

5,535

5,952

5,637

7,379

6,481

3,101

3,406

3,706

3,279

3,177

2,220

2,476

2,367

2,165

2,105

2,219

2,171

2,147

2,130

Stock-based compensation

603

620

667

788

813

789

596

671

779

720

765

760

785

778

640

691

708

687

752

654

722

791

783

597

546

503

442

464

470

473

397

447

450

434

458

444

373

Amortization of deferred financing costs

149

117

117

117

115

118

119

174

120

1,266

323

393

277

337

415

371

681

302

307

307

516

351

348

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-1,322

-407

-763

-246

-756

750

-40

2,285

-505

2,757

-2,246

-291

-535

1,714

-1,411

-3,249

-3,455

-1,139

2,640

-807

-1,050

-2,616

400

-533

58

-358

601

-261

-859

312

-516

-221

-809

503

689

-103

-406

Changes in operating assets and liabilities (see page 6)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,580

10,883

-222

-

-3,256

7,312

-54

-23,907

-82

14,250

-4,803

Net unrealized gains/losses on foreign currency revaluation

45

-368

601

450

-573

267

1,525

1,873

-1,002

-91

-572

-1,575

-532

2,697

-216

927

-345

-544

733

300

4,606

7,307

-2,704

-474

184

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss on disposal of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

-41

-69

97

-4

0

0

Other, net

215

-350

144

-366

-950

168

-350

-95

-518

-349

-656

-836

-56

-500

816

-509

-671

-2,192

-4,929

3,644

268

1,085

-1,495

425

-404

-51

115

-216

-255

-697

724

-729

280

-228

-595

-449

158

Changes in operating assets and liabilities:
Accounts receivable, net

-6,682

-6,903

-4,661

-10,019

2,285

-5,981

8,444

13,069

-2,528

-4,965

-5,930

15,828

-1,985

-9,018

1,535

6,320

-9,640

-6,299

-5,465

4,143

-4,566

-3,416

-2,201

10,725

-6,490

-4,990

5,121

13,546

-5,652

-3,822

-884

6,277

-1,831

-6,604

-3,276

-13,355

9,063

Unbilled receivables

-2,721

1,450

3,398

1,240

-5,569

-754

966

1,944

-893

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories

-2,059

-8,704

-6,584

-6,038

4,239

5,891

8,215

5,895

4,734

2,854

648

274

2,384

4,106

-2,862

351

1,199

-5,416

-5,914

-1,370

-251

616

-5,198

-2,487

-2,052

-208

2,249

4,734

-237

-1,375

-2,434

872

3,280

-637

-1,944

-866

-114

Decrease (increase) in prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

412

-423

1,494

-

-413

386

695

-529

-199

2,735

-261

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-33

68

39

-12

41

18

161

10

141

-5

4

0

Accounts payable

-4,891

1,144

-2,899

-4,857

-8,493

-6,550

3,463

12,859

-777

2,137

-4,055

1,424

-932

2,142

-3,674

1,891

-947

-1,124

-12,204

898

2,408

-1,860

-4,722

8,993

-6,301

-5,435

4,433

4,657

-2,170

1,134

-969

-483

1,740

5,125

-3,204

-2,768

3,530

Accrued expenses

-2,884

-5,001

1,178

2,992

-5,044

-58

3,220

2,365

-3,616

170

378

2,242

-4,651

-2,612

626

1,631

-5,765

-4,668

3,942

3,394

-5,781

-2,879

-4,993

3,614

-5,912

-10,310

3,068

1,676

-2,104

-1,727

1,039

898

-763

-1,831

-1,475

-621

3,426

Other operating assets/liabilities, net

-4,879

6,466

680

2,331

-1,299

-22,395

1,401

5,931

-645

-14,617

-2,643

-1,128

1,822

-999

-46

12,396

5,214

5,870

632

-14,685

8,478

385

1,054

210

-1,226

-109

245

22

7

11

0

0

0

-

-

-

-

Accrued restructuring costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,191

1,191

-122

-1,281

1,159

0

0

-

-

-

-40

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

439

-285

-533

204

2,160

-1,686

-31

1,231

-3,766

-785

6,278

-3,111

Changes in operating assets and liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,580

10,883

-222

-

-3,256

7,312

-54

-23,907

-82

14,250

-4,803

Net cash provided by (used in) operating activities

8,058

5,522

11,173

14,012

-6,257

5,928

2,927

916

326

9,924

14,578

334

-716

11,813

10,456

7,481

8,853

21,054

21,070

7,472

16,193

3,522

6,241

10,858

1,836

4,520

9,922

-5,611

1,750

3,811

7,569

-2,236

2,465

8,546

4,847

6,888

9,986

Cash flows from investing activities:
Purchases of property, plant and equipment

1,832

1,703

2,859

2,892

2,437

2,824

2,900

3,654

2,216

2,669

1,513

1,234

1,009

2,633

1,892

2,058

1,640

1,574

2,594

2,973

2,750

3,808

2,265

1,727

1,242

1,813

2,039

1,937

1,151

1,370

1,078

1,166

1,130

732

813

772

611

Payment for acquisitions, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

63

9,999

6,811

14,121

223

16,492

8

2,687

0

0

0

0

Cash transferred from (to) restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,992

0

-2

-160

Purchase of marketable securities within rabbi trust

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

7

5

7

7

17

0

5,111

Proceeds from disposal/sale of property, plant and equipment

2

20

3

5,782

2

24

0

5

48

66

0

1

9

3,710

2,128

0

1

46

-27

53

5

44

1

-1

21

96

-13

7

6

157

31

3

2

376

-8

18

0

Net cash used in investing activities

-1,830

-30,686

-2,856

2,890

-2,435

-4,977

-2,900

-3,649

-2,168

-2,603

-1,513

-1,233

-1,000

1,077

236

-2,058

-1,639

-1,528

-2,621

-2,920

-2,745

-5,921

-98,921

-111,607

-1,221

11,213

-13,387

-8,741

-15,266

3,678

-17,546

-1,176

-3,822

-15,761

-838

-319

-5,562

Cash flows from financing activities:
Dividends paid to common stockholders

806

949

803

800

800

919

787

798

791

934

785

781

781

931

774

770

770

943

768

763

764

890

759

756

755

847

752

750

762

875

785

783

782

-

-

-

778

Deferred financing costs

600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings under revolving credit line

-

32,000

0

2,000

10,000

0

7,500

0

0

0

0

0

6,000

0

0

0

0

7,000

2,000

-1,000

4,500

0

23,000

0

0

-

-

-

0

-

-

-

-

-

-

-

-

Repayments of revolving credit line

-

0

0

2,000

10,000

0

7,500

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

718

0

0

5

10

-18

352

5,422

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments under revolving credit line

-

-

-

-

-

-

-

-

-

4,000

0

0

2,000

0

0

0

0

13,500

6,500

11,000

4,500

0

0

4,000

8,000

-

-

-

-

-

-

-

-

-

-

-

-

Reduction in notes payable

-

-

-

-

-

-

-

-

-

-170

158

-10

-203

-11

-1

52

-166

-22

362

-458

-5

392

-298

-205

-50

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of long-term debt

8,179

-

744

743

744

-

743

6,744

781

118,591

9,808

12,856

2,544

5,812

10,197

5,783

21,597

4,032

4,031

2,687

11,688

2,687

2,688

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds or Repayments of Notes Payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-79

-

-

-

-

-

-

-

-

Decrease in notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Purchase and retirement of Class A common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,356

4,939

1,705

0

0

-

-

-

-

Net cash used in financing activities

-9,585

30,308

-1,995

-1,543

-1,544

-1,663

-1,530

-7,542

-1,572

-707

-10,435

-13,647

472

-6,754

-10,972

-6,501

-23,251

-11,497

-8,937

-15,913

-12,467

-3,167

88,903

134,617

-8,805

-655

11,413

-522

-4,197

-5,783

-2,538

-783

-782

-869

-780

-778

-778

Effect of exchange rate changes on cash and cash equivalents

-501

2,329

99

-155

-484

327

69

-847

912

634

813

928

114

260

-173

-499

42

719

-4,628

4,137

513

-436

-852

-5

-27

125

373

161

-237

31

211

-231

153

-178

-239

72

175

Net decrease in cash and cash equivalents

-3,858

7,473

6,421

15,204

-10,720

-385

-1,434

-11,122

-2,502

7,248

3,443

-13,618

-1,130

6,396

-453

-1,577

-15,995

8,748

4,884

-7,224

1,494

-6,002

-4,629

33,863

-8,217

15,203

8,321

-14,713

-17,950

1,737

-12,304

-4,426

-1,986

-8,262

2,990

5,863

3,821

Supplementary information:
Income taxes, net of refunds received

857

1,189

692

1,879

926

1,192

1,218

4,033

1,040

-932

807

403

478

1,000

713

387

359

-1,151

-163

850

1,044

2,150

1,149

711

676

-1,626

501

888

-237

230

370

629

235

2,437

-1,235

-904

1,649

Interest payments

1,266

1,035

1,282

1,317

1,216

1,290

1,225

1,181

1,079

882

1,135

1,193

1,143

1,067

1,122

1,136

1,518

1,309

1,485

1,692

1,667

1,577

1,573

49

11

81

69

3

3

14

2

0

0

0

0

0

0

Fair value of identifiable net assets acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

6,433

0

28,108

54

13,125

0

157

-

-

-

0

Goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3,572

0

1,240

162

6,326

0

2,577

-

-

-

0

Fair value of net assets acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

10,005

0

29,348

216

19,451

0

2,734

-

-

-

0

Deferred consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Cash paid for acquisitions, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

63

9,999

6,811

14,121

223

16,492

8

2,687

0

0

0

0

BCMZ Precision Engineering Limited [Member]
Fair value of consideration transferred

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

216

19,451

0

2,734

0

0

0

0

Less: Cash acquired in acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-29

0

0

8,388

0

2,991

0

0

-

-

-

-