Colfax corp (CFX)
CashFlow / Quarterly
Apr'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
Net income

5,508

-15,333

12,794

-466,605

-48,002

48,450

35,202

41,779

29,042

17,840

51,705

58,475

41,487

42,819

32,199

43,963

26,210

48,529

23,545

58,829

56,275

85,789

81,303

198,344

54,837

44,193

65,475

67,200

32,275

25,066

14,499

18,632

-100,461

-16,080

3,690

10,390

6,555

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

58,336

45,449

70,108

75,637

44,832

31,280

38,639

34,971

36,987

30,360

33,237

36,634

31,972

30,075

33,100

36,284

37,717

31,261

39,663

34,187

36,926

45,276

42,694

55,546

31,208

32,634

31,045

25,669

29,910

32,125

46,251

43,223

61,804

4,432

5,606

7,033

5,527

Stock-based compensation expense

6,124

4,955

5,836

5,931

5,238

6,236

6,032

7,240

5,595

5,915

3,702

6,132

5,799

5,100

2,953

5,857

5,110

4,435

3,170

4,342

4,374

4,499

4,719

4,683

3,679

3,546

3,641

3,364

2,783

2,944

2,441

2,793

1,195

1,023

1,058

1,111

1,716

Non-cash interest expense

1,311

4,263

1,727

2,126

1,821

1,083

1,089

1,123

1,120

1,179

1,170

1,167

1,003

1,050

1,020

1,040

1,066

2

1,805

6,377

1,917

2,104

2,416

2,485

2,089

29,353

4,837

6,147

4,040

-

-

-

-

-

-

-

-

Loss on short term investments

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on Investments

-

-

-

-

-

0

0

4,591

-14,719

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax expense (benefit)

-567

18,083

-1,261

-8,227

-9,185

-44,843

-2,074

-19,065

-591

18,112

-2,346

-1,867

-1,833

-511

-643

-385

-143

-22,732

-1,153

-500

1,668

12,300

420

-151,248

-960

5,166

158

4,087

535

-32,954

-6,390

-2,490

49,056

-3,915

3,487

-44

-1,250

Loss on sale of property, plant and equipment

-976

-

1,018

-660

-218

-

372

691

7,148

-

-1,177

11,734

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Pension settlement loss

0

-

-

-

-43,774

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Trade receivables, net

-29,445

-20,853

-35,660

8,465

-1,876

20,683

-13,464

47,290

17,896

-52,127

37,053

57,991

1,428

22,617

14,534

37,566

-23,759

-103,020

3,855

-587

35,704

-18,750

-10,802

9,634

39,834

-15,819

28,633

20,159

65,939

-32,966

-30,626

34,458

66,472

7,772

1,412

-3,709

497

Inventories, net

16,431

-9,369

14,856

3,269

36,131

-9,795

2,958

11,557

42,436

-4,470

8,561

11,971

17,961

-16,733

-10,288

-16,888

24,244

-20,577

-555

-12,531

34,053

-52,647

-24,820

-10,271

29,891

-57,495

-18,075

-23,585

19,168

-54,321

-12,837

-15,598

56,062

-22,073

600

2,869

7,760

Accounts payable

30,592

-20,405

-36,089

-17,082

-45,749

63,599

-13,392

38,714

-18,836

13,574

-8,778

13,574

-8,104

60,982

-22,188

35,401

-37,112

-2,745

17,306

-32,894

19,298

56,836

-17,522

12,097

-77,449

82,048

11,242

14,309

21,290

100,953

-24,142

24,856

-12,740

-

-

-

-

Customer advances and billing in excess of costs incurred

-

-

-

-

-

-

-1,508

9,929

-27,391

-

17,053

-2,840

4,192

-10,957

6,268

40,821

1,078

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in other operating assets and liabilities

59,065

-37,237

17,621

5,805

30,980

-43,443

-2,027

-1,278

30,604

-20,487

1,067

-22,894

6,338

6,129

-9,515

19,765

15,769

22,083

-4,233

14,540

52,751

84,211

-14,798

18,437

10,714

81,146

4,677

25,106

19,140

67,736

35,733

-10,073

-14,402

-1,131

-1,429

-4,378

-421

Net cash provided by (used in) operating activities

56,229

65,199

55,317

82,720

-72,288

125,559

67,146

36,319

-2,657

104,079

16,133

58,153

40,405

145,120

45,442

40,896

15,516

151,675

85,269

68,919

-2,050

184,236

164,450

104,107

-67,035

175,324

101,163

99,096

-13,414

164,682

40,389

78,227

-109,278

15,475

13,258

23,708

4,712

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

31,113

25,019

36,427

39,600

24,356

29,399

15,439

13,711

11,097

32,009

10,001

15,046

11,709

21,580

16,174

10,108

15,389

37,148

14,411

7,157

11,161

25,408

16,841

29,616

12,593

20,567

15,272

17,668

17,975

24,552

17,623

22,114

18,898

2,907

4,340

3,341

3,036

Proceeds from sale of property, plant and equipment

1,688

307

4,218

1,973

1,283

17,071

3,124

5,600

9,034

5,118

0

16,106

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisitions, net of cash received

7,830

14,279

-11,058

0

3,147,835

207,072

32,934

-52

50,964

289,833

6,932

49,999

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

167,663

30,332

7,894

1,653,756

34,047

0

0

22,299

Proceeds from sale of business, net

-

-

-

-

-

-

-23

-19,651

1,048

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-37,255

1,596,929

-21,151

-37,627

-3,170,908

-219,622

-45,226

151,072

-54,075

167,457

-16,933

-48,939

-11,709

-40,323

-16,174

-10,108

-15,389

-29,728

-198,911

-7,157

-11,161

-22,293

-16,841

-978,416

-12,593

-410,333

-28,994

-17,668

-17,975

-190,358

-47,955

-30,008

-1,672,654

-36,954

-4,340

-3,341

-25,335

Cash flows from financing activities:
Payments under term credit facility

0

854,063

15,312

15,312

502,813

37,500

37,500

37,500

18,750

18,750

18,752

18,751

9,375

9,375

9,375

9,375

9,375

9,375

9,375

1,198,981

15,141

15,542

0

0

0

405,060

0

14,062

260,633

10,316

2,250

28,500

490,349

2,500

2,500

2,500

2,500

Proceeds from borrowings under notes and term credit facility

0

-1,000,000

0

1,000,000

1,725,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

50,861

0

0

0

1,731,523

-

-

-

-

Proceeds from borrowings on revolving credit facilities and other

608,673

264,998

204,599

341,751

1,233,735

359,279

407,254

330,632

173,886

452,298

209,902

164,768

219,489

237,273

168,236

177,437

313,796

169,707

361,929

850,677

115,726

277,475

95,709

843,825

153,617

465,312

98

125,682

56,908

0

0

899

12,250

62,557

32,150

29,865

16,631

Repayments of borrowings on revolving credit facilities and other

364,403

1,137,616

270,829

388,312

477,045

258,990

300,212

322,761

99,600

721,196

190,989

463,320

257,153

301,767

182,295

203,510

290,452

268,823

198,096

467,200

169,936

390,581

263,111

269,798

490,656

135,740

2,206

142,715

47,472

777

1,259

110

51,268

23,534

35,150

30,665

12,831

Proceeds from Issuance of Unsecured Debt

0

-

-

-

1,000,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of debt issuance costs

0

-1,022

122

0

24,280

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from prepaid stock purchase contracts

0

-

-

-

377,814

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock, net

2,220

-

-

-

2,439

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from tangible equity units, net

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock, net

-

-

-

-

-

51

1,558

525

2,565

2,186

1,624

890

2,244

1,793

0

83

330

2,936

129

2,298

689

945

319

915

611,748

864

477

322,027

785

1,649

1,127

751

753,235

1,524

424

646

1,125

Proceeds from issuance of preferred stock, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-60

333,029

-

-

-

-

Payment for noncontrolling interest share repurchase

0

-

0

366

92,721

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for common stock repurchases

-

-

-

-

-

0

56,098

143,902

0

-

-

-

-

0

0

0

20,812

27,367

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock conversion inducement payment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

19,565

0

0

0

0

-

-

-

-

-

-

-

-

Payments of dividend on preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,853

5,086

5,142

5,142

5,026

5,072

5,128

5,184

2,062

-

-

-

-

Other

-1,353

-2,415

-7,263

686

-3,103

-9,052

-200

-148

-690

-1,161

-522

-5,839

-2,490

0

-2,552

-6,504

1,226

-11,270

-6,171

-1,115

-2,510

1,190

-12,474

-5,608

-4,168

5,196

-18,895

-5,115

-6,056

-

-

-3,903

-4,613

-

-

-

-

Net cash provided by financing activities

245,137

-1,721,400

-88,128

-60,004

3,239,026

53,788

14,802

-173,154

57,411

-286,623

1,262

52,199

-47,285

-72,076

-25,986

-41,869

-5,287

-144,192

148,416

-64,321

-71,172

-136,851

-179,557

719,334

247,123

-89,427

-25,668

280,675

-210,633

-16,114

-15,925

-66,478

2,281,745

38,047

-5,076

-2,654

2,425

Effect of foreign exchange rates on Cash and cash equivalents

-8,139

2,144

-11,484

4,699

1,569

-606

-8,522

-24,883

5,648

4,656

-237

2,972

4,699

-2,651

3,706

-289

3,733

-1,533

-25,737

7,851

-14,147

-6,264

-15,401

6,760

3,388

-3,518

4,817

-8,991

-5,602

6,896

1,878

-22,715

5,009

-5,907

-3,610

1,042

3,116

Supplemental Cash Flow Information [Abstract]
Increase (decrease) in Cash and cash equivalents

255,972

-

-

-

-2,601

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Decrease) increase in Cash and cash equivalents

-

-

-

-

-

-

28,200

-10,646

6,327

-

225

64,385

-13,890

30,070

6,988

-11,370

-1,427

-23,778

9,037

5,292

-98,530

18,828

-47,349

-148,215

170,883

-327,954

51,318

353,112

-247,624

-34,894

-21,613

-40,974

504,822

10,661

232

18,755

-15,082