Clearfield, inc. (CLFD)
CashFlow / TTM
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'11Dec'10
Cash flows from operating activities
Net income

4,437

4,057

4,566

4,559

5,014

4,341

4,274

3,653

2,701

3,914

3,847

5,258

6,817

7,402

8,013

6,713

6,304

5,100

4,682

4,360

3,582

4,519

5,432

6,879

6,851

6,170

4,733

7,065

7,660

7,246

7,701

6,729

6,265

6,665

6,167

0

0

0

Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization

2,325

2,255

2,178

2,114

2,121

2,140

2,047

1,962

1,811

1,669

1,622

1,586

1,543

1,489

1,449

1,413

1,376

1,334

1,216

1,078

935

777

699

607

547

507

476

466

447

429

404

391

364

349

358

0

0

0

Amortization of discount on investments

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred taxes

-

-

-

-

-

-

-339

-351

-351

-351

32

155

1,215

1,861

2,340

2,845

2,755

2,291

2,342

2,357

2,039

2,520

3,019

3,557

3,526

3,259

2,564

-2,148

-2,748

-3,125

-3,436

-2,407

-2,408

-2,407

-2,407

0

0

0

(Gain) loss on disposal of assets

-

-

-

-

-

-

17

-20

-41

-36

-35

-6

-5

-10

-12

-10

-37

-24

-23

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss on disposal of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-13

-9

-9

-23

0

0

0

-

-

-

-

Stock-based compensation

955

1,431

1,729

2,050

2,136

2,058

2,003

2,033

2,105

2,209

2,319

2,335

2,115

1,771

1,404

1,073

983

1,017

1,074

1,074

984

890

794

748

744

755

753

714

635

544

470

653

634

589

535

0

0

0

Tax benefit from stock-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable, net

-918

-931

-3,492

-138

2,038

2,596

5,583

1,598

-954

-1,880

-761

-674

260

2,431

1,988

1,340

3,098

364

983

2,615

1,326

2,370

-2,809

-276

-817

-919

4,814

955

1,611

1,177

-206

1,242

-870

-2,142

-15

0

0

0

Inventories, net

3,414

1,004

-1,037

-263

-2,605

-1,294

-1,183

-2,431

-1,872

-574

80

1,232

1,868

1,771

1,190

1,372

2,938

1,584

1,792

1,435

308

232

-236

332

1,113

1,501

2,655

1,966

664

1,097

212

2,171

1,864

1,107

1,244

0

0

0

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

-574

160

10

151

160

-315

-254

0

0

0

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

Accounts payable, accrued expenses and deferred rent

2,875

188

1,604

-31

858

1,789

723

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-2,192

-686

776

2,323

422

1,265

31

164

-737

-1,844

-39

-1,234

2,723

3,195

1,123

3,280

1,639

652

658

-1,023

-845

51

-101

1,958

0

0

0

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

8,556

7,806

14,732

9,158

10,757

9,368

4,547

8,075

8,572

8,907

6,298

0

0

0

-

-

-

-

6,848

0

0

0

-

14,292

14,016

11,082

4,339

4,818

4,248

3,196

3,826

3,020

3,774

4,341

5,297

0

0

0

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

3,143

3,023

2,511

1,368

1,225

1,236

1,189

1,310

1,472

1,722

2,021

2,199

2,193

1,852

1,550

1,472

1,611

2,980

4,518

4,385

4,415

3,091

1,418

1,387

800

956

1,018

945

919

641

550

464

759

770

745

0

0

0

Purchases of investments

27,113

21,964

20,311

19,324

15,376

6,375

7,283

9,754

11,645

12,656

17,630

15,909

14,484

14,394

8,138

8,365

10,026

9,920

10,374

7,517

5,656

7,931

8,899

10,519

12,234

9,634

8,683

10,344

9,344

8,365

11,942

9,152

8,184

6,958

1,886

0

0

0

Proceeds from maturities of investments

23,009

12,619

9,861

8,923

6,235

5,335

6,132

5,932

6,008

8,125

8,107

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Net cash used in investing activities

-7,248

-12,368

-12,962

-11,769

-10,283

-12,543

-12,607

-15,399

-17,460

-6,248

-11,539

0

0

0

-

-

-

-3,241

-5,744

0

0

0

-

-3,390

-3,614

634

-113

-4,022

-4,306

-4,679

-9,714

-5,692

-4,863

-4,278

417

0

0

0

Proceeds from issuance of common stock under employee stock purchase plan

337

337

313

313

295

295

297

297

313

313

334

334

305

305

254

254

223

223

211

211

200

200

185

185

157

157

135

0

0

0

-

0

0

0

-

0

0

0

Proceeds from issuance of common stock upon exercise of stock options

5

5

2

2

6

20

24

21

18

31

28

103

492

513

548

475

98

76

43

69

574

622

646

667

153

81

64

9

103

112

142

268

209

207

180

0

0

0

Tax withholding related to vesting of restricted stock grants

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

9

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax withholding related to vesting of restricted stock grants

552

552

553

572

486

486

489

0

0

0

-

-

-

-

437

702

675

640

639

271

270

326

399

384

402

360

297

0

0

0

-

-

-

-

-

-

-

-

Repurchase of common stock

-

-

-

-

-

-

1,760

2,615

3,833

3,658

3,647

2,403

49

76

333

333

333

936

849

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by financing activities

-638

-209

-236

-644

-1,709

-1,920

-1,927

-3,135

-4,454

-4,264

-4,236

0

0

0

-

-

-

-

-1,224

0

0

0

-

471

-89

-118

-95

89

219

243

284

423

341

340

280

0

0

0

Decrease in cash and cash equivalents

669

-4,771

1,533

-3,256

-1,235

-5,094

-9,988

-10,460

-13,341

-1,604

-9,478

-4,839

1,932

1,358

9,943

7,426

3,489

3,525

-120

-1,079

-65

-560

8,383

11,373

10,312

11,598

4,129

886

161

-1,238

-5,602

-2,248

-747

403

5,995

0

0

0

Supplemental disclosures for cash flow information
Cash paid during the year for income taxes

987

1,654

1,683

1,751

1,747

716

719

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid during the year for income taxes

-

-

-

-

-

-

-

-

-

-

-

0

0

1,127

-

369

129

66

50

52

102

282

361

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash financing activities
Cashless exercise of stock options

-

-

17

17

17

9

5

5

5

7

34

346

652

870

853

667

361

220

207

180

199

278

297

384

383

248

242

0

0

0

-

-

-

-

-

-

-

-