Comtech telecommunications corp /de/ (CMTL)
CashFlow / TTM
Jan'20Oct'19Jul'19Apr'19Jan'19Oct'18Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Jan'11Oct'10Jul'10Apr'10Jan'10Oct'09
Cash flows from operating activities:
Net income

23,630

27,961

25,041

26,364

26,962

34,897

29,769

29,625

25,832

16,656

15,827

11,215

-7,557

-11,666

-7,738

-4,965

14,350

19,459

23,245

25,758

26,673

25,071

25,151

22,319

19,296

15,678

17,808

20,580

23,794

27,250

32,416

36,376

44,565

54,840

67,895

69,476

77,017

77,254

60,630

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property, plant and equipment

11,599

11,727

11,927

12,440

12,692

13,160

13,655

13,338

13,700

13,951

14,354

14,601

14,151

12,049

9,830

7,707

6,291

6,447

6,525

6,584

6,568

6,619

6,721

6,911

7,201

7,522

7,837

8,945

9,443

9,810

10,205

11,120

12,414

13,735

14,253

13,345

12,573

11,809

11,773

0

0

0

Amortization of intangible assets with finite lives

20,178

19,237

18,320

18,382

19,115

20,095

21,075

21,074

21,273

22,037

22,823

23,622

22,930

18,094

13,415

8,877

5,662

6,026

6,211

6,243

6,242

6,264

6,285

6,306

6,328

6,328

6,328

6,346

6,390

6,500

6,637

7,064

7,611

7,923

8,091

8,075

7,656

7,417

7,294

0

0

0

Amortization of stock-based compensation

11,307

11,260

11,427

8,994

8,979

8,868

8,569

8,457

8,344

8,283

8,506

3,931

3,981

4,036

4,117

3,887

4,090

4,077

4,363

4,819

4,645

4,653

4,263

3,971

3,595

3,332

3,130

3,099

3,214

3,444

3,572

4,098

4,407

4,722

5,357

6,935

8,149

8,448

8,716

0

0

0

Amortization of deferred financing costs

736

736

1,099

1,466

1,830

2,196

2,196

2,173

2,107

2,041

1,977

1,953

1,763

1,279

795

292

0

0

65

144

475

815

1,107

1,385

1,410

1,424

1,419

1,590

1,612

1,638

1,652

1,470

1,438

1,404

1,391

1,392

1,392

1,393

1,386

0

0

0

Settlement of intellectual property litigation

0

0

3,217

3,217

3,217

3,217

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Estimated contract settlement costs

-

6,581

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of property, plant and equipment

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-239

-239

-6,773

-5,406

-3,267

-5,029

2,349

1,460

-918

0

0

0

-

-

-

-

-

-

-

-

Changes in other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

(Benefit from) provision for allowance for doubtful accounts

-121

-109

-144

-42

-119

-109

-79

-98

-20

125

126

153

165

19

21

15

2

-1

-3

0

26

16

-13

7

-19

-30

-9

-39

-44

-23

-14

-15

-10

-6

-7

-28

-29

-29

-116

0

0

0

Provision for excess and obsolete inventory

23

800

1,136

1,015

483

419

573

455

641

305

497

691

820

616

907

1,119

1,210

1,257

764

237

102

153

120

177

-223

-529

-422

71

401

724

458

-72

-121

-221

244

362

465

410

219

0

0

0

Deferred income tax expense

5,198

5,641

6,015

4,419

4,944

5,682

5,628

4,801

4,272

2,956

2,900

2,516

2,547

2,721

2,780

2,873

2,783

2,951

2,813

2,700

2,791

2,808

2,952

2,885

3,019

2,841

2,810

3,825

3,522

3,968

3,862

4,760

4,775

4,284

4,091

3,018

7,050

7,553

7,744

0

0

0

Deferred income tax expense

4,601

4,296

4,283

8,743

7,433

-6,824

-6,379

-8,787

-6,469

11,894

9,056

3,881

3,545

-1,720

-3,241

-1,778

-4,296

-3,690

-2,365

1,481

737

279

-404

-2,905

-1,603

-942

1,115

305

-1,588

-3,036

-4,570

-4,476

-1,550

115

761

-4,982

-5,789

-6,063

-7,311

0

0

0

Excess income tax benefit from stock-based award exercises

-

-

-

-

-

-

-

-

-

-

82

83

84

74

28

31

15

53

148

0

0

0

-

-

-

-

-

-

-

-

231

213

194

247

225

152

132

123

250

0

0

0

Changes in assets and liabilities, net of effects of business acquisitions:
Accounts receivable

-2,866

-2,635

-6,315

9,822

27,150

47,564

24,578

8,343

-6,320

-22,547

-25,508

-12,814

-15,809

-10,211

-5,806

-20,974

-13,937

-720

15,132

2,834

12,119

-540

5,092

17,455

14,578

14,722

-6,591

-25,034

-18,265

-26,821

-14,101

2,752

-20,083

-16,099

-64,795

-37,148

-19,499

-1,276

56,582

0

0

0

Inventories

-10,379

-14,109

3,787

9,591

20,596

25,024

20,065

14,057

4,850

-2,473

-7,812

-5,471

-5,036

-4,836

-8,280

-10,351

-6,314

-658

3,446

2,587

202

241

-1,250

-84

2,751

3,060

-4,093

-1,734

-1,505

-2,015

4,407

2,841

2,881

-3,095

5,224

9,521

-3,272

-1,945

-12,015

0

0

0

Prepaid expenses and other current assets

2,702

1,209

-915

1,504

-610

-2,127

-787

-1,298

-380

-285

956

1,297

-685

-1,243

-2,112

-2,645

-1,904

-965

-543

-1,004

-2,904

1,265

1,879

2,382

3,352

-324

-216

-1,265

-942

-1,218

-1,427

-104

169

-1,278

-1,606

-2,027

-81

-2,191

-4,789

0

0

0

Other assets

202

6

-102

-31

-224

-124

140

-231

-208

-380

-666

-450

-104

43

86

305

-9

-42

39

54

-3

-11

-46

-75

-70

-116

-79

-300

-239

-179

-201

0

-3

-714

-737

-77

-99

1,242

1,340

0

0

0

Accounts payable

-4,327

-7,811

-21,290

4,807

1,294

3,938

13,728

1,926

1,841

-514

-4,472

2,503

-12,382

-1,586

-1,255

-9,158

367

-5,109

-3,194

-1,326

-704

689

512

4,197

4,532

2,901

-2,577

-6,214

-4,600

-4,421

-2,534

535

-4,723

-9,761

-54,343

-25,970

-10,240

4,184

58,611

0

0

0

Accrued expenses and other current liabilities

3,690

-6,067

3,554

2,300

5,054

7,531

-3,374

-5,160

-23,060

-22,070

-21,796

-25,935

-16,758

-11,396

-13,360

-1,676

1,335

-876

-815

-3,741

100

-1,493

-840

-981

-4,413

-5,566

-9,484

-6,964

-4,863

-6,028

-5,221

-2,404

-2,794

2,448

-4,866

-4,616

-526

-11,952

484

0

0

0

Contract liabilities

2,849

1,998

-127

2,228

8,051

7,831

9,143

1,856

793

-2,375

-2,431

3,474

-1,274

-3,982

-6,397

-9,342

-2,395

-1,069

1,631

-248

-6,690

-8,347

-2,195

4,591

4,786

7,723

391

-3,719

2,482

2,993

3,505

735

-10,977

-10,105

-1,927

5,307

7,681

2,174

-6,684

0

0

0

Other liabilities, non-current

-327

-356

-84

365

-165

-94

-682

-1,070

-935

-1,335

-1,442

-1,042

-1,362

-1,421

-882

-1,205

-910

-908

-931

-524

-139

321

300

291

296

292

735

871

1,019

1,170

877

0

0

0

-

-

-

-

-

-

-

-

Interest payable

-271

473

151

53

610

-8

234

437

-767

-1,175

-1,039

-16

821

1,215

1,292

0

0

0

-

-

-

-

-1,372

0

0

0

-

-

-

-2

-2

13

22

-16

0

0

0

119

113

0

0

0

Income taxes payable

-2,398

785

-2,418

-3,502

-183

-952

126

5,264

2,898

1,455

1,355

506

-4,981

-6,246

-892

-4,016

2,724

640

1,662

-2,444

-2,805

-2,034

-1,373

3,766

3,224

2,278

1,149

-1,605

-3,757

-4,615

-7,551

-7,901

-8,484

-13,899

-6,072

-4,921

-1,271

10,451

9,313

0

0

0

Net cash provided by operating activities

86,260

87,606

68,031

73,571

54,205

29,728

50,344

53,612

50,486

65,617

66,917

46,723

17,291

17,788

15,075

26,316

53,358

31,509

21,726

31,482

26,294

31,118

34,588

32,765

26,355

24,577

37,695

51,967

53,687

66,143

53,493

45,674

64,320

77,291

97,360

110,943

140,797

130,796

124,520

0

0

0

Cash flows from investing activities:
Proceeds from sale of certain assets and liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,038

0

0

0

Payment for acquisition of CGC, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,850

2,850

2,550

2,400

0

0

0

0

Purchases of property, plant and equipment

7,112

8,390

8,785

9,731

9,987

9,179

8,642

7,226

6,839

7,183

8,150

8,827

8,351

7,106

5,667

3,592

2,680

3,251

3,362

3,234

3,658

4,657

4,937

5,866

6,314

5,311

5,347

5,963

6,210

6,033

6,413

6,837

6,448

6,581

7,138

7,968

7,712

8,182

7,402

0

0

0

Net cash used in investing activities

-54,160

-44,273

-44,668

-45,614

-9,987

-9,179

-8,642

-7,226

-6,839

-7,183

-8,150

-8,827

-288,886

-287,641

-286,202

-284,127

-2,680

-3,251

-3,362

-3,234

-3,658

-4,657

-4,937

-5,866

-6,314

-5,311

-5,347

-5,963

-6,210

-6,033

-6,413

-6,837

-6,748

-7,081

-10,038

-10,868

-10,312

-10,345

-5,477

0

0

0

Cash flows from financing activities:
Net (payments) borrowings of long-term debt under Credit Facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net borrowings of long-term debt under Credit Facility

-

-24,400

-

-

-

193,400

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net payments under Revolving Loan portion of Prior Credit Facility

0

0

-48,603

-58,404

-66,803

-63,803

-8,800

-7,199

-13,000

-21,100

-26,500

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of debt under Term Loan portion of Prior Credit Facility

240,242

0

120,121

124,424

-111,515

131,954

18,960

40,477

39,494

38,482

33,567

81,975

81,780

79,565

77,353

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Remittance of employees' statutory tax withholdings for stock awards

5,267

4,585

5,042

5,120

5,166

5,165

1,143

1,073

1,016

1,094

262

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends paid

9,911

9,866

9,789

9,746

9,715

9,694

9,538

9,527

9,516

14,208

18,872

21,384

23,892

21,685

19,406

19,385

19,405

19,421

19,426

19,479

19,336

19,002

18,677

18,323

13,597

18,630

18,879

19,406

24,758

21,298

22,625

0

0

0

-

-

-

-

-

-

-

-

Payment of deferred financing costs

5

42

1,813

1,813

1,808

1,771

0

981

981

980

1,085

-555

9,568

9,569

9,464

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

118

0

0

0

Repayment of principal amounts under finance lease and other obligations

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of employee stock purchase plan shares

969

940

935

945

934

907

855

799

743

700

694

691

676

684

676

709

786

849

917

950

962

942

913

884

860

874

908

957

1,010

1,049

1,088

1,108

1,109

1,141

1,140

1,170

1,214

1,256

1,306

0

0

0

Payment of shelf registration costs

-

-

-

-

-

-

-

-

-

-

626

765

1,024

968

476

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercises of stock options

510

348

216

370

500

500

326

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

6,058

4,139

3,295

938

1,182

562

1,061

1,284

3,202

4,660

4,413

4,466

2,838

1,499

1,610

1,510

1,671

0

0

0

Excess income tax benefit from stock-based award exercises

-

-

-

-

-

-

-

-

-

-

82

83

84

74

28

31

15

53

148

0

0

0

-

-

-

-

-

-

-

-

231

213

194

247

225

152

132

123

250

0

0

0

Repurchases of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

70,729

60,844

45,584

30,539

26,954

53,545

72,107

140,724

219,375

241,608

230,558

178,116

119,617

68,071

46,804

20,152

0

0

0

0

Fees related to line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

539

539

539

545

8

0

0

0

Payment of contingent consideration related to business acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

49

68

136

102

97

110

48

133

195

0

0

0

-

-

-

-

-

-

-

-

Net cash used in financing activities

-31,626

-39,403

-21,271

-26,978

-38,693

-20,113

-40,062

-61,030

-66,319

-78,638

-83,728

-48,191

171,273

181,839

186,979

184,879

-22,351

-22,069

-21,911

-181,237

-205,490

-228,478

-231,793

-74,063

-54,975

-47,219

-43,600

-71,456

-94,766

-159,926

-237,990

-260,129

-250,694

-198,586

-136,112

-79,411

-51,302

-17,808

3,101

0

0

0

Net increase in cash and cash equivalents

474

3,930

2,092

979

5,525

436

1,640

-14,644

-22,672

-20,204

-24,961

-10,295

-100,322

-88,014

-84,148

-72,932

28,327

6,189

-3,547

-152,989

-182,854

-202,017

-202,142

-47,164

-34,934

-27,953

-11,252

-25,452

-47,289

-99,816

-190,910

-221,292

-193,122

-128,376

-48,790

20,664

79,183

102,643

122,144

0

0

0

Cash paid during the period for:
Interest

7,027

6,900

7,669

7,796

7,158

7,597

7,291

7,188

8,863

9,739

10,424

10,915

10,845

8,156

5,307

2,976

0

29

117

3,127

3,213

6,272

6,274

6,351

6,351

6,353

6,350

6,439

6,493

6,501

6,509

6,431

6,385

6,388

6,407

6,396

6,396

6,270

6,219

0

0

0

Income taxes, net

3,688

2,059

2,005

2,349

1,945

1,250

1,112

-2,653

-2,793

-2,875

-758

1,152

1,390

5,182

3,678

7,237

7,953

11,741

11,441

13,004

14,829

14,878

15,134

11,471

8,574

7,306

7,420

12,431

18,335

21,857

23,746

26,712

27,775

36,265

39,498

47,821

51,609

41,663

35,107

0

0

0

Non-cash investing and financing activities:
Reclass of finance lease right-of-use assets to property, plant and equipment

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends declared but unpaid (including dividend equivalents)

2,730

2,754

2,733

2,708

2,698

2,707

2,656

2,647

2,600

-2,109

2,616

4,767

4,778

9,445

7,462

0

0

0

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Accrued additions to property, plant and equipment

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued deferred financing costs

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of restricted stock, net of forfeiture

-

-

-

-

-

-

-1

-1

-2

-1

14

14

15

14

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity-classified stock awards issued

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

139

139

139

139

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Business acquisition liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,170

0

0

0

-

-

-

-