Bel fuse inc /nj (BELFB)
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
Cash flows from operating activities:
Net (loss) earnings

-13,678

-8,743

1,634

19,475

23,143

20,709

-4,103

-10,431

-13,946

-11,897

12,267

16,953

36,608

-64,834

-65,316

-70,106

-86,819

19,197

18,076

14,417

11,420

8,603

14,226

20,345

18,969

15,908

6,080

1,191

939

2,373

4,886

3,407

1,396

3,764

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

105,972

105,972

105,972

108,583

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

16,487

16,471

16,734

17,103

17,541

18,207

18,744

19,562

20,267

20,718

21,120

21,286

21,504

21,778

22,255

22,388

22,873

23,009

24,503

25,449

22,598

20,367

16,694

13,492

13,568

12,382

11,152

10,240

9,228

9,113

8,856

8,660

8,642

8,667

0

0

0

Stock-based compensation

2,678

2,888

3,057

2,986

2,869

2,835

2,766

2,935

3,024

3,030

3,088

2,963

2,894

2,817

2,726

2,838

2,801

2,815

2,919

2,950

2,893

2,717

2,429

2,088

1,955

1,879

1,849

1,804

1,787

1,767

1,728

1,789

1,786

1,709

0

0

0

Amortization of deferred financing costs

500

466

467

469

526

531

1,679

1,883

2,102

2,259

1,330

1,422

1,400

1,804

1,769

1,661

1,597

1,432

1,481

1,522

1,215

699

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-2,738

-2,172

-1,015

-292

2,239

2,490

4,497

2,291

-285

-315

-1,358

-523

-3,481

-6,401

-9,254

-5,203

-2,761

-356

-1,833

-4,073

-3,799

-2,691

-433

-232

40

-877

-207

-1,324

-1,284

-1,234

-1,043

162

280

683

0

0

0

Changes in operating assets and liabilities (see page 6)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-19,905

-16,731

-9,793

-14,542

0

0

0

Net unrealized gains/losses on foreign currency revaluation

728

110

745

1,669

3,092

2,663

2,305

208

-3,240

-2,770

18

374

2,876

3,063

-178

771

144

5,095

12,946

9,509

8,735

4,313

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-14

-17

24

93

0

0

0

Other, net

-357

-1,522

-1,004

-1,498

-1,227

-795

-1,312

-1,618

-2,359

-1,897

-2,048

-576

-249

-864

-2,556

-8,301

-4,148

-3,209

68

3,502

283

-389

-1,525

85

-556

-407

-1,053

-444

-957

-422

47

-1,272

-992

-1,114

0

0

0

Changes in operating assets and liabilities:
Accounts receivable, net

-28,265

-19,298

-18,376

-5,271

17,817

13,004

14,020

-354

2,405

2,948

-1,105

6,360

-3,148

-10,803

-8,084

-15,084

-17,261

-12,187

-9,304

-6,040

542

-1,382

-2,956

4,366

7,187

8,025

9,193

3,188

-4,081

-260

-3,042

-5,434

-25,066

-14,172

0

0

0

Unbilled receivables

3,367

519

-1,685

-4,117

-3,413

1,263

2,017

1,051

-893

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories

-23,385

-17,087

-2,492

12,307

24,240

24,735

21,698

14,131

8,510

6,160

7,412

3,902

3,979

2,794

-6,728

-9,780

-11,501

-12,951

-6,919

-6,203

-7,320

-9,121

-9,945

-2,498

4,723

6,538

5,371

688

-3,174

343

1,081

1,571

-167

-3,561

0

0

0

Decrease (increase) in prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

139

353

2,702

1,746

0

0

0

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

62

136

86

208

230

330

307

150

140

0

0

0

Accounts payable

-11,503

-15,105

-22,799

-16,437

1,279

8,995

17,682

10,164

-1,271

-1,426

-1,421

-1,040

-573

-588

-3,854

-12,384

-13,377

-10,022

-10,758

-3,276

4,819

-3,890

-7,465

1,690

-2,646

1,485

8,054

2,652

-2,488

1,422

5,413

3,178

893

2,683

0

0

0

Accrued expenses

-3,715

-5,875

-932

1,110

483

1,911

2,139

-703

-826

-1,861

-4,643

-4,395

-5,006

-6,120

-8,176

-4,860

-3,097

-3,113

-1,324

-10,259

-10,039

-10,170

-17,601

-9,540

-11,478

-7,670

913

-1,116

-1,894

-553

-657

-3,171

-4,690

-501

0

0

0

Other operating assets/liabilities, net

4,598

8,178

-20,683

-19,962

-16,362

-15,708

-7,930

-11,974

-19,033

-16,566

-2,948

-351

13,173

16,565

23,434

24,112

-2,969

295

-5,190

-4,768

10,127

423

-71

-880

-1,068

165

285

40

18

11

0

0

0

-

-

-

-

Accrued restructuring costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,403

947

-244

-122

0

0

0

-

-

-

0

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-175

1,546

145

647

1,674

-4,252

-3,351

2,958

-1,384

0

0

0

Changes in operating assets and liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-19,905

-16,731

-9,793

-14,542

0

0

0

Net cash provided by (used in) operating activities

38,765

24,450

24,856

16,610

3,514

10,097

14,093

25,744

25,162

24,120

26,009

21,887

29,034

38,603

47,844

58,458

58,449

65,789

48,257

33,428

36,814

22,457

23,455

27,136

10,667

10,581

9,872

7,519

10,894

11,609

16,344

13,622

22,746

30,267

0

0

0

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

9,286

9,891

11,012

11,053

11,815

11,594

11,439

10,052

7,632

6,425

6,389

6,768

7,592

8,223

7,164

7,866

8,781

9,891

12,125

11,796

10,550

9,042

7,047

6,821

7,031

6,940

6,497

5,536

4,765

4,744

4,106

3,841

3,447

2,928

0

0

0

Payment for acquisitions, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,994

31,154

37,647

30,844

19,410

19,187

2,695

2,687

0

0

0

0

Cash transferred from (to) restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,830

0

0

0

Purchase of marketable securities within rabbi trust

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24

26

36

31

5,135

0

0

0

Proceeds from disposal/sale of property, plant and equipment

5,807

5,807

5,811

5,808

31

77

119

119

115

76

3,720

5,848

5,847

5,839

2,175

20

73

77

75

103

49

65

117

103

111

96

157

201

197

193

412

373

388

386

0

0

0

Net cash used in investing activities

-32,482

-33,087

-7,378

-7,422

-13,961

-13,694

-11,320

-9,933

-7,517

-6,349

-2,669

-920

-1,745

-2,384

-4,989

-7,846

-8,708

-9,814

-14,207

-110,507

-219,194

-217,670

-200,536

-115,002

-12,136

-26,181

-33,716

-37,875

-30,310

-18,866

-38,305

-21,597

-20,740

-22,480

0

0

0

Cash flows from financing activities:
Dividends paid to common stockholders

3,358

3,352

3,322

3,306

3,304

3,295

3,310

3,308

3,291

3,281

3,278

3,267

3,256

3,245

3,257

3,251

3,244

3,238

3,185

3,176

3,169

3,160

3,117

3,110

3,104

3,111

3,139

3,172

3,205

3,225

0

0

0

-

-

-

0

Deferred financing costs

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings under revolving credit line

-

44,000

12,000

19,500

17,500

7,500

7,500

0

0

6,000

6,000

6,000

6,000

0

7,000

9,000

8,000

12,500

5,500

26,500

27,500

23,000

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

Repayments of revolving credit line

-

12,000

12,000

19,500

17,500

7,500

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

718

718

718

723

15

-3

349

5,766

5,756

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments under revolving credit line

-

-

-

-

-

-

-

-

-

6,000

2,000

2,000

2,000

0

13,500

20,000

31,000

35,500

22,000

15,500

8,500

12,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Reduction in notes payable

-

-

-

-

-

-

-

-

-

-225

-66

-225

-163

-126

-137

226

-284

-123

291

-369

-116

-161

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of long-term debt

0

-

0

0

0

-

126,859

135,924

142,036

143,799

31,020

31,409

24,336

43,389

41,609

35,443

32,347

22,438

21,093

19,750

17,063

5,375

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds or Repayments of Notes Payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Decrease in notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Purchase and retirement of Class A common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,356

8,295

10,000

10,000

6,644

0

0

0

-

-

-

-

Net cash used in financing activities

17,185

25,226

-6,745

-6,280

-12,279

-12,307

-11,351

-20,256

-26,361

-24,317

-30,364

-30,901

-23,755

-47,478

-52,221

-50,186

-59,598

-48,814

-40,484

57,356

207,886

211,548

214,060

136,570

1,431

6,039

911

-13,040

-13,301

-9,886

-4,972

-3,214

-3,209

-3,205

0

0

0

Effect of exchange rate changes on cash and cash equivalents

1,772

1,789

-213

-243

-935

461

768

1,512

3,287

2,489

2,115

1,129

-298

-370

89

-4,366

270

741

-414

3,362

-780

-1,320

-759

466

632

422

328

166

-226

164

-45

-495

-192

-170

0

0

0

Net decrease in cash and cash equivalents

25,240

18,378

10,520

2,665

-23,661

-15,443

-7,810

-2,933

-5,429

-4,057

-4,909

-8,805

3,236

-11,629

-9,277

-3,940

-9,587

7,902

-6,848

-16,361

24,726

15,015

36,220

49,170

594

-9,139

-22,605

-43,230

-32,943

-16,979

-26,978

-11,684

-1,395

4,412

0

0

0

Supplementary information:
Income taxes, net of refunds received

4,617

4,686

4,689

5,215

7,369

7,483

5,359

4,948

1,318

756

2,688

2,594

2,578

2,459

308

-568

-105

580

3,881

5,193

5,054

4,686

910

262

439

-474

1,382

1,251

992

1,464

3,671

2,066

533

1,947

0

0

0

Interest payments

4,900

4,850

5,105

5,048

4,912

4,775

4,367

4,277

4,289

4,353

4,538

4,525

4,468

4,843

5,085

5,448

6,004

6,153

6,421

6,509

4,866

3,210

1,714

210

164

156

89

22

19

16

2

0

0

0

0

0

0

Fair value of identifiable net assets acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34,541

34,595

41,287

41,287

13,336

0

0

0

-

-

-

0

Goodwill

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,812

4,974

7,728

7,728

9,065

0

0

0

-

-

-

0

Fair value of net assets acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

39,353

39,569

49,015

49,015

22,401

0

0

0

-

-

-

0

Deferred consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Cash paid for acquisitions, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,994

31,154

37,647

30,844

19,410

19,187

2,695

2,687

0

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,401

22,185

2,734

2,734

0

0

0

0

Less: Cash acquired in acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,359

8,388

11,379

11,379

2,991

0

0

0

-

-

-

-