Carbo ceramics inc (CRR)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Operating activities
Net loss

-304,201

-75,433

-253,116

-

-

-

-

-

-

-

-

-

Net loss

-

-

-

-80,127

-109,544

55,588

84,886

105,933

130,136

78,716

52,810

110,316

Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Income from discontinued operations, net of income taxes

-

-

-

-

-

-

-

-

-

-

-

5,784

Depreciation and amortization

30,707

34,605

44,282

48,451

54,457

50,860

47,472

44,893

36,015

27,728

24,905

24,638

Amortization of debt issuance costs and original issue discount

1,536

685

1,055

-

-

-

-

-

-

-

-

-

Gain on disposal of discontinued operations, net of income taxes

-

-

-

-

-

-

-

-

-

-

-

44,127

Provision for doubtful accounts

746

561

589

918

1,857

546

354

19

229

40

516

72

Deferred income taxes

-1,127

884

-2,134

-50,535

-56,800

24,389

10,121

11,212

4,223

2,662

573

-5,714

Excess tax benefits from stock based compensation

-

-

-

-

-

372

134

1,384

1,399

759

225

375

Lower of cost or net realizable value inventory adjustments

4,268

0

-

1,515

4,546

5,363

-

-

-

-

-

-

Loss (gain) on disposal or impairment of assets

-224,896

1,089

-125,778

-889

-44,111

-15,079

43

-518

-1,548

-1,449

156

1,599

Loss on sale of business

-

-

-

0

0

-

-

-

-

-

-

-

Noncash lease expense

-851

-

-

-

-

-

-

-

-

-

-

-

Foreign currency transaction gain, net

-

-

35

119

94

-303

-17

-76

-135

-96

-192

257

Stock compensation expense

2,855

3,565

4,892

5,939

7,547

7,529

5,837

5,335

4,719

3,812

2,571

2,052

Repayment of PIK accrual on notes payable, related parties

2,040

-

-

-

-

-

-

-

-

-

-

-

PIK accrual on notes payable, related parties

-

-

2,040

0

0

-

-

-

-

-

-

-

Change in fair value of derivative instruments

-

2,537

930

7,687

-11,155

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Trade accounts and other receivables

-21,556

-1,451

20,533

-24,569

-81,371

9,511

22,024

-8,945

23,101

29,857

-8,119

15,515

Inventories

-12,214

-14,156

-10,524

-6,433

-27,022

25,624

-6,068

7,589

41,704

10,818

14,639

13,162

Prepaid expenses, other current assets, and right of use assets

-2,264

-717

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

-

-

-724

-1,726

-1,437

112

1,136

150

1,142

174

606

596

Long-term other assets

-

-

-

-

-

122

-2,969

-12,005

24,083

14

-236

1,464

Accounts payable

-4,747

-8,759

11,666

631

-7,861

2,079

4,330

-18,201

15,971

13,439

-7,971

234

Accrued expenses

1,239

3,710

8,687

-8,405

-9,104

-2,487

1,677

-10,628

11,846

8,160

-529

1,905

Other long-term liabilities

-

-

-

-

-

0

-

-

-

-

-

-

Income tax receivable, net

-809

69

-357

36,137

19,780

-17,726

-

-

-

-

-

-

Accrued income taxes, net

-

-

-

-

-

-

-2,823

5,397

-1,980

-2,695

-44,058

22,247

Other, net

-11

-3,162

-2,949

-1,730

-697

-

-

-

-

-

-

-

Net cash used in operating activities

-11,483

-21,598

-38,818

-

-

-

-

-

-

-

-

-

Net proceeds from sale of Russian proppant business

-

-

-

0

0

-

-

-

-

-

-

-

Payment of Millen sale post-closing matters

1,516

-

-

-

-

-

-

-

-

-

-

-

Net cash used in operating activities

-

-

-

-17,935

70,577

105,782

137,571

156,381

111,413

91,785

22,050

76,069

Investing activities
Capital expenditures

2,192

2,039

2,598

6,848

62,747

161,469

99,936

77,189

90,395

96,566

46,127

23,343

Net proceeds from asset sales

1,070

27,526

21,600

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by investing activities

-4,252

25,487

19,002

-

-

-

-

-

-

-

-

-

Repayments on long-term debt

14,533

-

3,250

32,099

7,000

-

-

-

-

-

-

-

Acquisition of BBL Falcon Industries, Ltd.

-

-

-

-

-

-

-

-

-

-193

23,000

-

Investment in cost-method investee

-

-

-

-

-

-

-

-

-

-

-

1,000

Net proceeds from sale of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

142,278

Purchase of short-term investment

-

-

-

-

-

-

-

-

-

4,989

-

-

Proceeds from maturity of short-term investment

-

-

-

-

-

-

-

-

-

4,989

-

-

Net cash used in investing activities

-

-

-

-6,848

-62,747

-161,469

-99,936

-77,189

-90,395

-96,373

-69,127

117,935

Financing activities
Proceeds from long-term debt

14,533

-

12,349

0

70,000

25,000

-

-

-

-

-

-

Repayments on insurance financing agreement

-

-

1,296

917

0

-

-

-

-

-

-

-

Repayments on notes payable

2,670

1,385

-

-

-

0

-

-

-

-

-

-

Repayments on notes payable, related parties

25,000

-

-

-

-

-

-

-

-

-

-

-

Payment of debt issuance costs

218

-

989

339

0

0

-

-

-

-

-

-

Proceeds from notes payable, related parties

-

-

-

25,000

0

0

-

-

-

-

-

-

Proceeds from bank borrowings

-

-

-

-

-

-

-

10,000

-

-

-

6,500

Repayments on bank borrowings

-

-

-

-

-

-

-

10,000

-

-

-

6,500

Net proceeds from stock based compensation

-

-

-

-

-

-

-

54

76

254

896

2,557

Dividends paid

-

-

-

0

14,666

29,121

26,350

23,563

20,369

17,570

16,287

15,234

Purchase of common stock

279

421

539

450

580

6,979

6,958

7,927

7,550

1,904

22,755

42,509

Net cash (used in) provided by financing activities

-23,561

1,043

6,275

-

-

-

-

-

-

-

-

-

Excess tax benefits from stock based compensation

-

-

-

-

-

372

134

1,384

1,399

759

225

375

Net cash used in financing activities

-

-

-

36,759

47,754

-10,728

-33,174

-30,052

-26,444

-18,461

-37,921

-54,811

Effect of exchange rate changes on cash

-

-

246

838

-1,016

-3,537

-846

225

40

148

-262

-371

Net (decrease) increase in cash and cash equivalents and restricted cash

-39,296

4,932

-13,295

12,814

54,568

-69,952

3,615

49,365

-5,386

-22,901

-85,260

142,521

Net cash provided by discontinued operations

-

-

-

-

-

-

-

-

-

-

-

3,699

Supplemental cash flow information
Interest paid

6,826

7,700

2,319

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

5,269

2,613

135

10

78

1

2

1

44

Income taxes paid

-

-

457

0

0

30,619

33,015

36,036

65,071

40,667

70,463

15,305

Millen, Georgia Facility
Loss on sale of business

-

-2,305

-25,101

-

-

-

-

-

-

-

-

-

Russian Proppant
Loss on sale of business

-

-350

-

-

-

-

-

-

-

-

-

-

Pic Onyx Inc
Investment in PicOnyx

1,114

-

-

-

-

-

-

-

-

-

-

-

Issuance of Note from PicOnyx

500

-

-

-

-

-

-

-

-

-

-

-

ATM Program
Proceeds from issuance of common stock under ATM program

4,606

2,849

-

-

-

-

-

-

-

-

-

-