Builders firstsource, inc. (BLDR)
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 income

8,767

41,367

78,130

66,604

35,708

52,021

73,328

56,622

23,220

-42,701

39,750

37,910

3,822

6,411

125,469

29,441

-16,980

-10,580

-8,757

3,576

-7,070

2,421

8,504

10,609

-3,384

4,529

12,794

-48,206

-11,808

-12,048

-13,565

-12,055

-19,188

-16,698

-11,564

-15,484

-21,249

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

29,400

28,267

24,381

23,814

23,576

25,215

25,104

24,768

22,819

22,197

23,031

24,173

23,592

22,892

25,552

30,558

30,791

27,645

23,853

3,630

3,152

3,106

2,391

2,040

1,982

1,964

2,033

2,534

2,774

2,867

2,912

2,491

2,850

3,472

3,364

3,520

3,685

Amortization and write-off of deferred loan costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,944

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization and write-off of debt discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

180

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt issuance costs and debt discount

684

820

928

983

1,149

1,163

1,171

1,159

1,149

929

1,373

1,355

2,435

-

-

-

-

2,178

15,519

616

616

616

616

615

585

617

617

2,538

295

230

173

170

171

716

209

210

209

Amortization of debt discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

7,206

588

403

354

340

328

-

-

-

-

Loss (gain) on extinguishment of debt

-5,349

-3,535

-3,156

-2,178

680

-

-

-

-

-

-

-

-

-9,671

-52,120

-1,716

7,731

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of lease finance obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

456

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value adjustment of stock warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

4,730

-167

865

-1,340

-1,178

1,197

944

-197

329

426

575

691

578

3,148

-

-

-

-

Deferred income taxes

875

14,447

15,157

11,752

9,638

15,994

16,966

17,366

1,497

20,044

13,487

15,533

40

0

-131,437

2,308

4,342

2,891

368

-239

267

163

281

128

-48

42

446

295

134

120

112

110

116

125

126

1,632

-66

Bad debt expense

-

-

-

-

-

-

-

-

-

-

-

-

681

-

122

-455

368

1,488

636

185

-24

90

-28

-300

-36

34

217

374

275

293

291

105

62

71

292

-73

147

Stock compensation expense

3,254

2,859

3,342

3,379

2,659

4,491

3,501

3,538

2,890

3,592

3,537

3,475

2,904

2,815

2,607

2,554

2,573

1,876

1,603

1,602

1,767

2,247

2,002

926

982

960

966

984

1,335

956

947

922

803

914

1,665

929

1,051

Net (gain) loss on sales of assets and asset impairments

133

-553

479

559

464

913

154

81

245

-1,886

-2,091

157

-3,145

-2,918

4,250

-1,015

19

-1,900

473

68

46

-5

104

14

1

117

143

13

11

11

-27

23

31

-64

77

34

165

Changes in assets and liabilities, net of assets acquired and liabilities assumed:
Receivables

61,998

-83,872

-6,030

69,816

-22,703

-141,871

-26,673

120,633

57,132

-82,944

10,528

106,434

41,655

-99,790

19,614

80,835

43,893

-104,602

-6,681

27,310

9,884

-24,857

1,921

17,292

4,531

-21,918

6,389

20,808

20,313

-5,382

9,736

20,004

17,369

-10,419

2,275

13,150

12,169

Inventories

78,591

-21,939

-42,894

-17,972

38,603

-81,214

-103,286

103,967

85,958

-24,668

-22,552

31,622

76,243

-28,040

-5,467

40,717

26,755

-15,239

-38,591

-597

7,573

2,508

-8,843

2,461

12,977

-1,655

-3,881

-3,658

23,831

11,775

1,166

9,691

9,282

6,052

1,563

-3,289

8,949

Other current assets

5,000

4,294

-1,697

-2,539

-4,732

8,570

-3,907

-3,788

9,481

2,829

-6,442

-2,513

6,118

5,296

3,025

2,252

-5,700

4,065

5,197

1,613

-4,555

2,502

4,017

-922

-806

-912

-613

4,075

-1,434

-1,000

3,381

-437

-1,234

-4,435

3,337

83

-777

Other assets and liabilities

-26,286

145

-699

-2,376

1,319

-4,195

1,056

-946

-1,552

-4,539

-359

-3,069

-348

4,865

-374

-2,285

-1,378

-3,087

-1,181

-861

-185

170

376

297

-183

371

1,535

-825

263

298

-960

134

723

-44

335

-1,187

512

Accounts payable and checks outstanding

108,295

-69,843

-16,137

42,679

47,371

-76,600

-79,921

62,753

4,376

-5,483

-17,979

38,277

50,949

-41,354

-33,802

46,754

64,987

-77,666

-2,091

19,423

15,048

-21,208

-3,865

-1,959

21,622

-10,138

292

-8,294

19,472

-4,776

4,645

14,079

16,831

-13,743

2,607

4,561

10,327

Accrued liabilities

-87,842

20,405

21,681

68,809

-100,395

36,387

5,696

63,097

-83,012

19,683

-15,367

72,685

-100,342

39,396

7,901

17,621

-60,637

-8,772

27,740

1,704

9,037

-10,985

18,818

-4,807

7,380

-14,353

16,101

2,169

4,304

-2,034

5,667

-197

6,145

-3,079

1,714

62

1,584

Net cash provided by (used in) operating activities

-50,654

143,782

181,479

172,710

6,075

273,298

178,501

9,356

-178,325

186,126

68,748

60,096

-136,442

161,945

28,081

11,497

-43,296

58,265

101,212

7,694

9,863

-3,003

29,804

-13,068

13,760

8,596

29,696

-60,679

-25,189

-18,004

-11,069

-22,872

-14,905

-18,470

-9,174

-13,434

-25,330

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

28,498

34,933

32,545

23,868

21,524

22,718

28,745

29,835

20,113

14,347

23,492

14,790

9,778

8,535

11,455

13,694

8,978

15,498

13,982

5,207

9,124

11,194

2,401

6,817

5,304

5,659

4,797

3,614

981

1,242

5,168

2,242

1,746

2,057

1,100

1,108

527

Proceeds from sale of property, plant and equipment

538

1,071

854

3,900

720

2,863

815

507

568

-1,821

2,798

1,555

449

5,489

1,893

533

390

1,866

2,229

120

60

93

104

14

2

918

1,057

606

11

11

161

27

31

-45

99

43

252

Cash used for acquisitions

15,893

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,394

1,459,320

0

5,797

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-13,030

1,115

-1,575

-561

-114

-

-

-

-

Net cash used in investing activities

-43,853

-92,786

-65,622

-19,968

-20,804

-19,855

-27,930

-29,328

-19,545

-16,168

-20,694

-13,235

-9,329

-3,046

-9,562

-17,131

-8,588

-17,026

-1,471,073

-5,087

-14,861

-47,273

-26,736

-15,529

-5,302

-4,741

-3,740

-3,008

12,060

-2,346

-3,432

-1,654

-1,601

-16,267

-1,001

-1,065

-275

Cash flows from financing activities:
Borrowings under revolving credit facility

681,000

155,000

291,000

220,000

374,000

419,000

339,000

349,000

555,000

476,000

207,000

230,000

457,000

200,000

228,000

258,000

221,000

0

295,000

0

25,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments under revolving credit facility

398,000

128,000

364,000

369,000

331,000

644,000

468,000

322,000

399,000

181,000

251,000

273,000

315,000

289,000

243,000

213,000

222,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from long-term debt and other loans

550,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of long-term debt and other loans

554,263

108,772

78,319

399,303

24,440

54,139

4,321

4,072

2,780

371,371

3,261

2,668

2,626

52,422

712,906

45,363

-3,174

5,578

-1,329

-18

-18

-17

-17

-17

-16

-15

-17

-364,732

-14

-15

-13

-13

-13

-5,262

-11

-13

-12

Deferred loan costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,238

14,240

61

1,281

71

0

287

-

-

-

-

Payments of debt extinguishment costs

22,686

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of loan costs

8,332

-

-

-

-

-

-

-

-

0

0

34

2,765

458

10,753

29

4,423

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Exercise of stock options

398

1,653

1,337

1,667

216

1,551

182

171

2,041

3,481

1,616

1,257

1,701

80

3,117

3,236

194

2,386

3,215

1,094

23

296

180

451

904

595

144

541

474

328

170

0

98

-

-

-

-

Repurchase of common stock

3,834

0

7,942

0

2,450

40

0

0

4,855

168

3

0

2,473

0

0

44

1,048

0

0

43

943

0

0

30

1,276

0

0

0

1,036

0

0

0

496

0

0

0

2

Net cash provided by financing activities

244,283

-80,171

-83,138

-153,914

16,326

-277,762

-129,321

23,099

150,406

-121,762

-45,648

-44,445

135,837

-150,300

-18,861

8,098

-9,451

-77,361

1,430,895

707

24,062

279

30,163

370

-388

485

-1,111

-28,468

-637

61,107

86

-13

-698

128,653

-11

-13

-14

Net change in cash and cash equivalents

149,776

-29,175

32,719

-1,172

1,597

-24,319

21,250

3,127

-47,464

48,196

2,406

2,416

-9,934

8,599

-342

2,464

-61,335

-36,122

61,034

3,314

19,064

-49,997

33,231

-28,227

8,070

4,340

24,845

-92,155

-13,766

40,757

-14,415

-24,539

-17,204

93,916

-10,186

-14,512

-25,619