Cambrex corp (CBM)
CashFlow / TTM
Sep'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

36,785

53,968

78,769

92,418

131,465

122,032

106,643

102,450

99,575

91,497

86,961

81,678

62,108

64,637

63,806

57,217

67,288

64,310

64,314

57,303

38,317

33,122

15,729

25,915

60,664

58,779

66,433

62,303

19,396

20,468

15,297

10,968

0

0

0

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

57,597

51,818

45,042

37,857

33,028

32,040

32,180

31,848

29,971

28,218

26,272

24,665

23,458

22,650

22,342

22,061

22,231

22,662

23,240

23,826

23,757

23,436

23,023

22,473

22,272

21,851

21,622

21,775

21,933

22,327

22,881

23,120

0

0

0

Non-cash deferred revenue

9,282

7,792

3,444

1,709

1,012

1,886

1,984

4,887

27,841

27,321

27,223

25,822

3,112

2,791

14,545

12,372

0

0

0

-

-

-

-

10,093

0

0

0

-

-

-

-

-

-

-

-

Increase in inventory reserve

8,211

7,388

6,800

6,967

7,362

6,776

6,685

4,892

5,152

5,114

6,637

7,885

5,508

6,092

3,649

3,119

3,634

4,768

5,826

5,343

5,071

4,069

1,968

2,329

2,888

1,787

2,855

2,790

3,363

2,895

2,812

1,637

0

0

0

Unrealized loss/(gain) on investment in equity securities

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gain on foreign currency contracts

0

0

0

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain)/loss on sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,608

5

0

0

0

-

-

-

-

Stock based compensation

4,953

4,105

4,103

4,094

6,699

8,084

8,778

8,914

8,898

8,499

8,017

7,766

6,951

6,495

6,057

5,599

5,988

5,458

5,165

5,002

3,670

3,531

3,246

2,825

2,538

2,250

1,938

1,802

1,674

1,606

1,597

1,565

0

0

0

Deferred income tax provision

15,993

-778

-2,181

-2,057

-7,926

8,946

7,234

7,186

1,805

1,653

5,279

8,556

18,412

22,174

21,571

19,736

2,666

1,247

-13,377

-16,025

-4,812

-5,850

3,412

5,902

-38,291

-39,830

-38,699

-40,712

-1,380

-620

-412

-721

0

0

0

Equity in losses of partially-owned affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,262

-2,202

-2,324

-2,039

-1,766

-1,678

-1,545

-1,465

-1,621

0

0

0

Other

-2,633

-1,053

-1,509

-134

81

-651

-565

-581

-411

440

415

-160

-263

-405

-136

141

435

118

71

-584

-966

-451

-698

-348

-344

-602

-362

-348

-353

-523

-543

-365

0

0

0

Changes in assets and liabilities:
Trade receivables

3,885

-15,303

8,813

62,183

0

0

0

-

-

-

7,668

5,120

8,267

28,974

4,280

14,378

-4,275

-17,752

5,240

8,955

2,019

24,506

-2,794

27,707

8,026

-1,072

2,772

6,310

4,466

7,971

1,851

-2,066

0

0

0

Contract assets

-14,056

-18,026

-19,567

-20,916

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories

24,839

11,187

20,196

7,658

-26,709

-16,849

-14,905

13,283

21,836

19,823

30,916

23,679

20,267

21,243

24,767

32,721

39,440

39,099

28,074

9,062

9,876

8,153

24,098

19,328

33,053

29,652

10,590

10,295

7,115

7,710

5,070

3,523

0

0

0

Prepaid expenses and other current assets

-2,374

-5,001

-9,778

-14,927

1,607

221

10,885

8,123

-1,345

-3,424

-4,785

729

-2,693

42

787

-4,268

684

3,248

2,662

5,766

7,368

4,826

3,495

2,651

359

-389

2,011

188

-2,427

-1,177

-1,067

-729

0

0

0

Accounts payable and other current liabilities

11,037

-22,301

-7,728

-2,307

-21,168

3,263

-6,008

-20,114

4,138

10,541

-2,323

12,056

-10,567

-2,561

18,343

11,779

18,079

13,615

14,185

12,369

10,801

3,252

8,176

10,107

9,677

6,920

2,498

3,134

7,290

9,800

4,755

6,247

0

0

0

Contract liabilities, current

11,689

7,364

3,001

3,238

944

704

696

985

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue and advance payments

-

-

-

-

-

-

-

-

-

-

-

-

26,201

30,407

39,547

12,178

35,402

32,671

23,256

11,773

20,884

9,940

9,276

18,644

0

0

0

-

-

-

0

-

-

-

-

Other non-current assets and liabilities

-155

1,742

3,098

2,666

6,664

7,720

5,627

5,608

3,479

4,050

3,701

3,961

5,117

1,368

4,314

5,331

963

2,571

2,816

2,387

-1,345

-5,075

-6,092

-11,229

-6,297

-4,461

-6,245

-182

3,405

2,518

3,023

5,597

0

0

0

Discontinued operations:
Non-cash adjustments to net income

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-current liabilities

-1,648

526

942

1,055

1,338

1,357

1,200

2,858

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in discontinued operations

-1,025

-947

-841

-916

-812

-681

-1,221

-1,440

-1,389

-1,511

-1,409

-516

-786

-1,068

-637

-1,536

-1,426

-1,409

-1,506

-1,858

-2,214

-2,184

-2,357

-1,533

-3,091

-3,092

-2,712

-3,747

-1,806

-1,605

-1,606

-601

0

0

0

Net cash provided by operating activities

130,449

115,407

108,089

86,982

116,694

129,440

137,481

149,015

90,848

105,242

79,366

133,556

119,799

110,238

139,854

85,051

103,642

92,642

75,758

64,968

72,106

43,225

46,864

36,874

9,343

34,218

53,372

43,546

51,754

40,363

39,317

38,322

0

0

0

Cash flows from investing activities:
Capital expenditures

64,616

64,953

58,044

62,598

57,447

62,014

63,762

52,143

50,249

46,023

42,046

49,714

60,491

63,488

69,690

62,491

44,935

39,440

28,378

23,323

31,207

31,384

48,385

57,320

53,301

46,647

32,061

18,156

14,694

17,202

15,934

15,008

0

0

0

Proceeds from sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,355

2,137

1,748

939

2,378

1,953

1,925

1,925

16

0

0

0

-

-

-

-

Advances to partially-owned affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,686

1,655

1,667

2,095

2,488

2,047

0

0

0

-

-

-

-

Acquisition of businesses, net of cash acquired

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

639

56

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-310,585

-737,665

-730,755

-486,842

-476,410

-59,178

-60,926

-49,307

-71,688

-70,298

-66,321

-73,976

-60,452

-63,269

-68,021

-60,239

-42,050

-36,318

-29,255

-24,798

-33,462

-34,680

-49,132

-56,597

-53,173

-46,820

-32,619

-20,182

-16,502

-18,067

-16,414

-15,488

0

0

0

Cash flows from financing activities:
Borrowings

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,750

36,450

52,200

59,950

70,950

63,250

43,000

18,000

5,500

100,500

100,900

100,900

105,800

0

0

0

Repayments

0

0

0

-

-

-

-

-

-

-

-

30,000

0

0

0

-

-

-

-

45,000

77,500

65,200

72,950

55,700

30,200

36,000

29,000

39,500

131,500

137,300

134,800

123,700

0

0

0

Debt issuance costs

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments under finance lease obligations

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from stock options exercised

3,104

9,620

11,384

14,041

14,018

6,407

6,778

4,781

6,273

5,958

5,246

4,941

4,973

5,877

4,696

5,816

3,663

4,380

4,427

4,203

5,093

3,514

3,921

3,224

1,913

2,783

1,974

1,355

0

0

0

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

1

-301

-303

-422

-388

-22

-26

90

53

-340

0

0

0

Net cash provided by financing activities

167,008

511,257

505,772

314,041

339,018

6,407

6,778

4,781

6,273

5,958

2,727

-27,574

-28,403

-56,937

-55,360

-24,184

-25,410

-8,799

5,009

-14,525

-35,500

-9,485

-9,078

18,173

34,660

9,361

-9,414

-32,667

-31,383

-37,706

-35,243

-19,636

0

0

0

Effect of exchange rate changes on cash and cash equivalents

-3,174

-964

-3,135

-1,613

0

0

0

-

-

-

-2,195

-1,839

-390

-157

1,214

-2,172

-2,505

-4,377

-5,382

-2,872

-1,731

843

1,249

744

745

961

-239

933

-62

-3,674

-2,225

-891

0

0

0

Net decrease in cash and cash equivalents

-16,302

-111,965

-120,029

-87,432

-21,268

77,171

88,394

109,143

27,667

41,704

13,577

30,167

30,554

-10,125

17,687

-1,544

33,677

43,148

46,130

22,773

1,413

-97

-10,097

-806

-8,425

-2,280

11,100

-8,370

3,807

-19,084

-14,565

2,307

0

0

0