Bmc stock holdings, inc. (BMCH)
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'13
Cash flows from operating activities
Net income

22,029

20,199

33,597

35,699

20,350

28,116

35,858

40,405

15,359

17,642

18,443

17,596

3,744

10,418

9,236

17,982

-6,756

-7,442

4,047

2,125

-3,561

86,719

4,974

5,627

-3,288

29,247

-5,513

1,978

-4,057

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

14,982

14,378

13,983

13,294

12,445

13,103

12,836

12,437

12,024

13,151

13,599

13,458

12,992

12,744

11,927

11,851

11,437

7,127

4,722

4,486

4,628

7,403

2,735

2,845

2,474

5,068

2,469

2,506

2,414

Amortization of intangible assets

5,013

4,763

4,552

4,338

4,347

3,737

3,790

3,816

3,657

4,053

4,026

4,100

3,821

4,839

5,349

5,288

5,245

2,627

735

264

0

-1,690

563

564

563

-362

563

562

547

Amortization of debt issuance costs

317

317

317

386

421

421

421

421

421

421

421

421

421

424

844

931

915

729

638

589

569

1,924

114

113

126

838

142

159

164

Deferred income taxes

-10,297

-7,304

2,031

-117

-6,771

48

263

2,233

-3,810

-563

2,400

-3,395

-760

-1,067

2,663

-3,546

5,521

9,691

-3,799

0

0

66,462

1,025

1,412

1,593

-3,723

1,134

715

1,874

Non-cash stock compensation expense

3,170

3,285

3,014

3,248

2,915

3,089

3,310

3,141

1,775

2,018

1,366

2,154

1,231

1,708

1,851

1,804

1,889

279

749

873

848

1,562

868

495

485

1,852

309

118

146

Impairment of assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Gain on sale of property, equipment and real estate

143

134

-110

1,036

913

-114

1,864

1,609

-38

1,984

-21

-173

-107

1,033

-9

390

-18

-23

-139

122

537

-272

392

683

1

502

259

13

-2

Amortization of inventory step-up charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2,884

-

0

0

0

-

-

-

-

-

-

-

-

Amortization of original issue discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

62

-

62

60

61

-

-

-

-

-

-

-

-

Impairment of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

45

0

0

11,883

-82

82

0

0

38

0

0

96

-

-

-

-

Gain on insurance proceeds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,003

-

0

0

0

-

-

-

-

-

-

-

-

Other non-cash adjustments

0

-1,455

-114

-422

-1,778

73

-21

-46

-619

-89

-453

-759

314

23

-29

-83

-9

-

-

-

-

-

-

-

-

-

-

-

-

Bad debt expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

158

3

256

-

521

307

488

Change in assets and liabilities, net of effects of acquisitions
Accounts receivable, net of allowances

26,031

-24,914

-6,657

21,262

9,463

-75,846

-4,880

31,186

33,462

-43,339

-4,606

22,111

29,086

-33,611

3,551

14,268

25,920

-18,646

25,629

18,062

-984

-13,457

-217

19,553

420

-24,721

4,306

16,293

14,802

Inventories

29,680

-562

-8,063

10,056

-1,499

-45,140

-7,906

25,747

24,042

1,460

-8,180

16,987

22,030

-4,518

9,423

13,253

13,042

7,446

813

5,533

2,660

-7,518

-2,815

12,695

13,565

-6,570

-6,463

5,419

21,642

Accounts payable

43,277

-16,092

-16,722

15,437

69,741

-81,245

-30,256

19,941

40,212

-19,156

-14,455

6,220

30,868

-20,870

8,883

-2,846

43,425

-13,770

7,879

5,313

1,451

-17,285

-1,658

4,065

24,544

-10,958

-713

329

15,119

Other assets and liabilities

26,165

13,461

-17,451

-10,966

32,132

-11,199

-23,050

-8,305

-2,801

10,948

-2,696

-5,952

6,420

-

10,587

-15,075

11,878

-

-299

-18,576

18,980

-

-7,323

-394

1,321

-

-5,610

4,560

-5,854

Net cash provided by operating activities

17,066

47,436

69,105

51,553

77,759

99,387

59,689

27,737

23,212

45,754

36,956

15,130

-3,906

43,067

24,433

25,759

13,629

12,662

-3,291

8,569

-17,197

25,921

16,692

-20,237

8,356

49,887

4,152

-21,041

-17,641

Cash flows from investing activities
Purchases of businesses, net of cash acquired

0

38,632

33,768

0

52,012

0

0

0

20,970

-299

0

32,044

6,693

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of property, equipment and real estate

30,509

21,810

21,677

30,476

15,429

12,470

16,417

16,043

10,244

11,986

16,510

24,120

10,662

11,941

6,604

14,051

5,471

10,567

7,758

6,236

6,758

7,480

7,958

4,388

8,449

12,483

1,239

961

374

Proceeds on sale-leaseback transactions, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Proceeds from sale of property, equipment and real estate

349

436

291

1,810

2,343

464

4,237

6,604

127

9,900

2,507

172

866

2,121

102

747

217

841

1,205

169

1,065

-1,574

890

2,223

380

1,484

531

2,532

7

Insurance proceeds

-

-

-

-

-

0

0

0

1,991

0

0

0

0

0

0

148

1,003

0

0

0

0

-

-

-

-

-

-

-

-

Change in restricted assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-15,097

4

4

-21,017

-10,324

501

4

-507

49,655

-1,539

149

-1,833

Other investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-128

-10

-101

-

-

-

-

-

-

-

-

Net cash used in investing activities

-30,160

-60,006

-55,154

-28,559

-65,098

-4,233

-12,180

-9,439

-29,096

-1,787

-14,003

-55,992

-16,489

-9,820

-6,502

-13,156

-4,251

11,650

-109,132

-53,019

15,425

1,038

-7,569

-2,169

-7,562

-65,345

831

-951

1,466

Cash flows from financing activities
Proceeds from revolving credit facility

144,000

0

0

0

110,987

141,682

169,804

308,115

235,345

225,848

284,070

310,330

175,058

317,014

436,515

426,265

364,270

172,683

110,500

10,000

0

-1,046,220

364,545

374,580

307,095

-622,542

342,705

345,405

273,050

Repayments of proceeds from revolving credit facility

0

0

0

0

110,987

141,682

169,804

320,306

227,616

273,218

298,960

263,353

155,313

343,916

538,617

448,813

364,978

193,637

5,000

10,000

0

-1,023,476

373,563

350,365

299,548

-594,687

400,331

320,190

252,784

Repurchases of common stock under share repurchase program

1,416

0

0

1,227

15,219

2,891

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on finance lease obligations

1,628

1,603

1,709

1,677

1,708

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on finance lease obligations

-

-

-

-

-

-

1,925

1,953

2,059

-

2,494

2,592

2,667

2,500

2,032

2,335

1,933

1,402

1,043

1,010

1,087

-

-

-

-

-

-

-

-

Principal payments on other notes

-

-

-

-

-

261

25

25

25

24

23

23

2,557

403

399

458

2,043

1,402

1,621

1,647

1,411

-

-

-

-

-

-

-

-

Borrowings under other notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,353

1,138

-

-

-

-

-

-

-

-

Other financing activities, net

-10,543

-

471

-1,126

-4,875

-

-2,215

1,216

-2,509

-

-770

-937

1,735

-

1,448

764

-1,419

-

620

-626

-404

-

200

-436

-1,736

-

-1,709

79

-1,027

Net cash provided by (used in) financing activities

130,413

4,807

-1,238

-4,030

-21,802

-2,122

-4,165

-12,953

3,136

-44,334

-18,177

43,425

16,256

-31,080

-17,185

-10,963

-6,103

-26,715

102,569

-1,930

-1,764

-20,019

-9,995

23,779

5,811

55,079

-3,514

25,294

19,239

Net increase (decrease) in cash and cash equivalents

117,319

-

-

-

-9,141

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

-

-

-

-

-

93,032

43,344

5,345

-2,748

-367

4,776

2,563

-4,139

2,167

746

1,640

3,275

-2,403

-9,854

-46,380

-3,536

6,940

-872

1,373

6,605

39,621

1,469

3,302

3,064

Supplemental disclosure of non-cash investing and financing transactions
Accrued purchases of property and equipment

7,236

-

-

-

7,613

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition-related holdback payments due at future date

4,990

3,000

2,978

0

2,500

0

0

-57

1,460

0

0

0

375

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued repurchases of common stock under share repurchase program

0

-

-

-

490

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets acquired under capital lease obligations

-

-

-

-

-

-

-

-

-

0

0

716

1,765

6,596

5,245

541

2,707

1,433

650

115

144

2,146

838

945

0

-

-

-

-