Topbuild corp (BLD)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15
Cash Flows Provided by (Used in) Operating Activities:
Net income

50,771

45,984

54,976

52,052

37,983

38,554

42,658

27,152

26,388

104,991

31,393

23,459

-1,710

21,307

24,568

15,615

11,116

59,751

16,624

6,395

-3,799

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

14,190

13,695

13,467

13,063

12,475

12,286

11,948

9,743

5,442

4,700

4,918

3,604

3,231

3,088

3,015

3,013

2,895

3,038

2,930

3,087

3,053

Share-based compensation

3,908

2,247

3,926

4,513

2,972

3,073

2,847

2,995

2,402

2,416

2,372

3,017

2,084

1,926

2,038

2,105

1,600

1,500

1,485

858

808

Loss on extinguishment of debt

-233

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale or abandonment of property and equipment

-383

-514

-324

-74

-487

-440

-277

-287

-200

-384

-329

-197

-88

-338

-922

-527

-950

-69

34

-2,202

-97

Amortization of debt issuance costs

328

389

390

389

390

389

390

315

107

108

107

100

86

86

86

85

86

-

-

-

-

Change in fair value of contingent consideration

-

-

-

-

-

-

-496

53

70

-

-

-

-

-

-

-

-

-

-

-

-

Provision for bad debt expense

1,670

1,368

2,009

2,012

1,676

237

1,331

912

760

733

748

755

995

596

710

932

1,054

1,561

151

1,563

944

Loss from inventory obsolescence

529

828

543

142

1,109

812

447

460

468

589

564

466

360

373

303

332

335

685

402

434

358

Deferred income taxes, net

39

-9,269

360

116

-95

-

-

-

-

-

-

-

-

-13,064

-479

0

3

21,957

-4,199

-1,702

500

Change in certain assets and liabilities
Receivables, net

5,048

-24,439

10,096

18,148

23,341

-11,471

24,611

21,290

1,092

-5,988

18,808

18,555

6,568

-12,341

10,858

12,931

8,505

-10,138

10,314

21,462

-2,047

Inventories, net

3,964

3,204

-3,246

-10,266

-7,125

7,964

3,816

6,374

5,143

15,150

5,659

-1,377

-4,531

10,733

3,716

-5,469

-10,350

15,986

4,915

-5,070

-2,223

Prepaid expenses and other current assets

-6,193

642

4,966

-3,777

-11,192

2,800

197

9,275

-3,912

178

-8,355

-4,202

4,195

6,940

-104

10,433

-7,167

6,146

2,496

862

-450

Accounts payable

-4,173

7,405

11,294

7,584

-31,407

11,919

17,548

11,649

-11,429

20,216

844

14,718

-17,842

23,325

4,214

-9,391

-29,846

13,862

31,917

9,494

-31,265

Long-term portion of insurance reserves

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-671

169

1,713

Accrued liabilities

9,981

-13,448

11,889

-3,231

2,100

-10,964

7,403

6,824

-3,923

-6,473

3,846

-23,869

33,656

-11,526

1,517

19,823

-6,181

15,237

-12,672

-1,079

-5,232

Other, net

-2,032

35

-58

415

666

-331

-6

2

-597

149

-426

280

118

7

5

9

-27

-

-

-

-

Net cash provided by operating activities

72,930

88,998

86,515

72,742

23,522

71,139

54,640

23,828

17,565

58,574

28,947

10,837

14,834

48,851

21,788

2,793

3,353

12,865

52,103

9,682

-18,639

Cash Flows Provided by (Used in) Investing Activities:
Purchases of property and equipment

15,892

11,436

12,118

11,769

10,213

10,125

14,858

16,255

11,266

12,220

4,517

4,771

3,800

4,073

4,060

3,123

2,900

3,055

3,478

4,813

2,298

Acquisition of businesses

20,526

-

-

-

-

-464

1,616

472,094

26,956

50

108

42,690

41,242

-

-

-

-

-

-

-

-

Proceeds from sale of property and equipment

194

82

278

1,886

75

347

75

357

70

150

327

-7

133

339

160

143

76

34

331

71

369

Repayment of notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

32

-

-

-

-

-

-

-

-

Other, net

-

0

-3

-6

-16

-7

-8

-10

-13

-

-

-

-

-20

54

-79

-68

-132

-40

-320

-140

Net cash used in investing activities

-36,224

-11,854

-18,289

-9,877

-10,122

-9,307

-16,391

-487,982

-38,139

-12,099

-4,267

-47,353

-44,877

-3,714

-7,430

-2,901

-2,756

-2,889

-3,107

-4,422

-1,789

Cash Flows Provided by (Used in) Financing Activities:
Net transfer from Former Parent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,970

-1,251

56,124

21,062

Proceeds from issuance of long-term debt

300,000

-

-

-

-

6,500

5,038

505,000

10,066

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of long-term debt

307,668

8,369

8,060

5,763

5,601

5,302

5,064

4,908

3,125

-

-

-

5,000

5,000

5,000

2,500

2,500

-

-

-

-

Payment of debt issuance costs

2,280

-

-

-

-

0

102

6,677

1,040

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from revolving credit facility

-

-

-

-

-

0

0

35,000

55,000

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of revolving credit facility

-

-

-

-

-

0

0

35,000

55,000

-

-

-

-

-

-

-

-

-

-

-

-

Taxes withheld and paid on employees' equity awards

10,399

1,816

2,664

2,893

5,578

32

902

17

4,514

289

2,328

564

1,583

157

383

29

1,256

-

-

-

-

Repurchase of shares of common stock

14,127

58,734

32,678

14,877

4,622

-

-

-

-

0

100,000

21,907

17,379

10,919

6,415

3,423

1,539

-

-

-

-

Payment of contingent consideration

-

0

0

841

250

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-34,474

-63,928

-38,402

-19,376

-16,051

-54,366

-10,523

492,557

1,387

-8,414

-100,453

50,379

-23,962

-15,259

-11,951

-5,952

-5,295

-5,470

-3,922

54,409

21,062

Cash and Cash Equivalents
Increase (decrease) for the period

2,232

13,216

29,824

43,489

-2,651

7,466

27,726

28,403

-19,187

38,061

-75,773

13,863

-54,005

29,878

2,407

-6,060

-4,698

4,506

45,074

59,669

634

Supplemental disclosure of noncash activities:
Leased assets obtained in exchange for new operating lease liabilities

9,167

8,112

10,534

4,943

105,249

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accruals for property and equipment

496

440

-395

56

441

314

-318

-252

1,116

969

-501

418

237

277

-411

95

426

-

-

-

-