Blue Bird Corp BLBD Cash Flow

Blue bird corp (BLBD)

CashFlow / TTM

Apr'20	Jan'20	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Sep'18	Jun'18	Mar'18	Dec'17	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13
Cash flows from operating activities
Net loss
25,151	25,117	24,300	27,640	34,930	37,439	-	30,820	30,432	28,573	29,485	29,485	28,801	25,034	2,068	714	6,900	12,095	25,712	13,223	14,932	-4,376	-15,448	-4,485	-3,857	0	0	0
(Income) loss from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-171	-158	-143	-129	0	0	0	-	-	-	-
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization
12,625	11,647	10,383	10,123	9,713	9,138	-	9,042	8,399	8,252	8,254	8,254	8,180	8,127	8,139	8,075	8,046	8,169	8,233	8,521	8,790	0	0	0	-	-	-	-
Non-cash interest expense
4,297	4,227	3,822	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt costs
-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-
Share-based compensation
4,525	4,514	4,273	3,394	3,163	2,856	-	2,628	2,746	2,370	1,894	1,894	1,270	904	10,680	11,579	12,717	13,826	4,027	2,773	1,635	0	0	0	-	-	-	-
Income (Loss) from Equity Method Investments
1,806	2,490	2,242	1,853	1,409	1,198	-	1,327	1,942	2,580	2,608	2,608	3,307	3,380	3,040	3,205	2,877	3,079	2,926	3,027	2,634	0	0	0	-	-	-	-
(Gain) loss on disposal of fixed assets
143	146	-5	-49	-63	-144	-	-114	0	0	-	0	-	-	-	-	-	-	-	-	-510	0	0	0	-	-	-	-
Deferred taxes
6,258	6,240	6,632	-2,267	4,640	4,767	-	5,655	8,094	2,860	3,828	3,828	-1,202	-378	5,424	5,170	8,957	3,931	-3,063	-8,703	-8,626	0	0	0	-	-	-	-
Provision for bad debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5	-105	60	62	34	0	0	0	-	-	-	-
Amortization of deferred actuarial pension losses
-2,238	-2,499	-2,758	-2,949	-3,140	-3,330	-	-3,521	-4,213	-4,906	-5,598	-5,598	-6,291	-5,915	-5,538	-5,163	-4,787	-4,418	-4,135	-3,851	-3,567	0	0	0	-	-	-	-
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	-	-	-	-	-	0	-	-10,142	-10,142	-10,142	-10,142	0	0	0	0	-	-	-	-	-	-	-	-
Foreign currency hedges
0	0	-	0	0	0	-	-	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in assets and liabilities:
Accounts receivable
-1,190	-4,356	-13,530	17,660	-3,917	3,996	-	13,920	-11,446	5,319	-12,673	-12,673	-10,167	14,262	804	6,546	6,564	-14,166	-6,921	-1,828	-7,435	0	0	0	-	-	-	-
Inventories
18,002	54,410	21,497	28,697	21,589	10,921	-	-17,786	-13,575	-5,037	2,467	2,467	22,349	25,190	17,566	377	4,626	-5,108	8,337	2,572	-22,120	0	0	0	-	-	-	-
Other assets
2,009	-157	4,651	757	902	3,482	-	-2,755	1,030	4,692	4,014	4,014	5,469	2,343	1,604	2,088	2,457	5,600	536	1,213	137	0	0	0	-	-	-	-
Accounts payable
7,722	9,546	6,318	3,566	10,323	1,082	-	3,096	-6,308	-13,406	-7,050	-7,050	8,404	6,009	11,970	1,161	-330	13,378	9,563	225	-12,905	0	0	0	-	-	-	-
Accrued expenses, pension and other liabilities
-10,036	4,410	9,707	20,704	2,947	-7,824	-	-14,307	-23,991	-6,551	-4,934	-4,934	1,013	-2,727	-6,381	-513	-4,838	3,283	4,649	-5,175	-14,365	0	0	0	-	-	-	-
Total adjustments
9,118	-7,191	31,406	-5,422	19,708	-3,486	-	17,533	18,480	-4,664	16,554	16,554	18,840	-15,439	27,083	33,751	18,205	64,169	25,693	-469	8,434	0	0	0	-	-	-	-
Net cash provided by continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	76,435	51,563	12,897	23,495	0	0	0	-	-	-	-
Net cash used in discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-171	-158	-143	-129	0	0	0	-	-	-	-
Increase in prepaid expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-18	-32	0	0	0
Increase in accounts payable and accrued liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,672	3,242	0	0	0
Interest income retained in Trust Account
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Total cash used in operating activities
34,269	17,926	55,706	22,218	54,638	33,953	-	48,353	48,912	23,909	46,039	46,039	47,641	9,595	29,151	34,465	25,105	76,264	51,405	12,754	23,366	-31,982	-41,958	-31,625	-671	0	0	0
Cash flows from investing activities
Cash paid for fixed assets
27,059	34,014	35,514	46,700	47,803	39,456	-	32,118	17,631	11,114	9,745	9,745	9,252	10,265	10,805	10,868	9,583	8,274	7,295	6,000	5,190	0	0	0	-	-	-	-
Proceeds from sale of fixed assets
197	197	47	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cash used in investing activities
-26,862	-33,817	-35,467	-46,698	-47,789	-39,442	-	-32,104	-17,618	-11,112	-9,697	-9,697	-9,204	-10,218	-10,759	-10,868	-9,583	-8,274	-7,295	-6,000	-5,190	0	0	0	-	-	-	-
Cash deposited in Trust Account
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Cash flows from financing activities
Borrowings under the revolving credit facility
0	0	-	0	0	0	-	-	0	0	-	0	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-
Borrowings under the senior term loan
0	0	50,000	50,000	50,000	50,000	-	0	0	0	0	0	156,887	156,887	156,887	156,887	0	0	0	0	-	-	-	-	-	-	-	-
Repayments under the former senior term loan
-	-	-	-	-	-	-	-	-	-	0	-	161,500	164,438	192,375	195,312	36,750	61,749	36,750	36,750	36,750	0	0	0	-	-	-	-
Repayments under the senior term loan
9,900	9,900	9,900	9,275	8,800	8,325	-	7,850	8,000	8,000	8,000	8,000	6,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on finance leases
0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for capital leases
-	-	-	-	-	-	-	158	156	153	151	151	155	170	190	209	221	196	172	169	142	0	0	0	-	-	-	-
Cash paid for debt issuance costs
-	-	-	-	-	-	-	-	-	-	89	-	299	299	1,388	1,327	1,117	1,355	238	238	3,110	0	0	0	-	-	-	-
Cash paid to extinguish debt
-	-	-	-	-	-	-	-	-	-	0	-	507	507	507	507	0	0	0	0	-	-	-	-	-	-	-	-
Payment of dividends on preferred stock
-	-	-	-	-	-	-	-	0	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Cash paid for employee taxes on vested restricted shares and stock option exercises
3,347	1,199	636	2,262	2,242	2,454	-	2,211	603	603	400	400	1,013	1,362	4,873	4,505	3,892	0	0	0	-	-	-	-	-	-	-	-
Proceeds from exercises of warrants
4,999	1,251	1,499	8,487	13,338	19,082	-	22,102	25,301	21,567	23,895	23,895	23,045	24,674	22,798	14,606	11,816	0	0	0	-	-	-	-	-	-	-	-
Common stock repurchases under share repurchase programs
-	-	-	-	-	-	-	-	0	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Tender offer repurchase of common stock and preferred stock
-	21	-	-	-	50,349	-	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from note payable and advances - related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	139	240	0	0	0
Proceeds from sale of common stock to Sponsor
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	25	0	0	0
Proceeds from sale of Public Offering stock and warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	115,000	115,000	0	0	0
Proceeds from sale of Private Placement Warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,063	6,063	0	0	0
Payment of underwriting discounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,312	4,312	0	0	0
Payment of deferred offering costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-494	-618	0	0	0
Payment of note payable and advances - related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	250	250	0	0	0
Total cash provided by financing activities
1,079	4,773	-9,540	11,631	8,402	1,099	-	-18,605	-39,681	-40,880	-26,133	-26,133	-28,130	8,232	-8,575	-27,230	-16,074	-53,112	-38,113	-13,607	-26,452	1,751	4,723	110,309	116,148	0	0	0
Net cash used in investing activities: Cash deposited in Trust
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-
Change in cash and cash equivalents
-	-11,118	-	-	-	-4,390	-	-2,356	-8,387	-28,083	10,209	10,209	10,307	7,609	9,817	-3,633	-552	14,878	5,997	-6,853	-8,276	-33,654	-39,067	-37,177	477	0	0	0
Supplemental disclosures of cash flow information
Interest paid, net of interest received
10,160	10,213	10,408	9,149	7,889	6,925	-	5,782	5,855	5,735	5,504	5,502	6,081	8,679	9,526	11,719	13,315	0	0	0	-	-	-	-	-	-	-	-
Income tax paid, net of tax refunds
2,588	4,577	4,586	2,439	2,402	3,657	-	3,673	10,767	10,783	7,942	7,942	8,420	404	597	444	159	0	0	0	-	-	-	-	-	-	-	-
Non-cash investing and financing activities:
Changes in accounts payable for capital additions to property, plant and equipment
2,271	7,465	8,040	1,508	8,474	5,191	-	6,389	3,755	102	-230	-230	-1,719	401	403	-403	2,081	0	0	0	-	-	-	-	-	-	-	-
Employee taxes payable on vested restricted shares and stock option exercises
-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cashless exercise of stock options
0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock dividend on Series A preferred stock (market value of common shares)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-
Change in accounts payable and other assets for capital additions to property, plant and equipment and intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Cashless exercise of stock options
-	-	-	-	-	-	-	-	-	-	1,316	-	4,216	6,436	6,436	5,212	2,312	0	0	0	-	-	-	-	-	-	-	-
Right-of-use assets obtained in exchange for operating lease obligations
0	0	8,040	0	0	0	-	-	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of preferred stock into common stock
0	0	9,264	-21,436	9,264	9,264	-	0	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred underwriters commission
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,738	3,738	0	0	0
Deferred offering costs included in accrued formation and offering costs to related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0