Caesarstone ltd. (CSTE)
CashFlow / Yearly
Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
Cash flows from operating activities:
Net income

27,558

76,483

79,458

80,259

64,353

40,367

29,304

29,006

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

29,926

28,254

22,334

17,176

14,994

14,368

14,615

10,034

Share-based compensation expense

5,277

3,068

2,293

2,642

2,514

3,660

0

0

Decrease in share-based payment in subsidiary

-

-

-

-

-

-1,383

0

0

Accrued severance pay, net

788

-150

540

-26

-64

-61

-33

-99

Changes in deferred tax, net

6,376

963

-7,051

2,580

-674

1,927

3,858

-1,428

Equity in loss of affiliate, net

-

-

-

-

-

-

-67

-296

Capital loss (gain) from sale of property, plant and equipment

7

-32

0

0

22

79

84

-190

Compensation paid by a shareholder

0

266

0

-

-

-

-

-

Compensation paid by a former shareholder

-

-

-

-

810

0

0

-

Foreign currency translation gains

-

-

-

-

132

-417

-1,433

-320

Impairment of long-term loan to others

-

-

-

-

-

-

1,127

0

Increase in trade receivables

7,573

4,184

2,968

3,913

8,238

8,561

10,460

1,506

Increase in other accounts receivable and prepaid expenses

5,436

5,617

3,069

-1,393

7,419

3,291

2,376

-571

Increase in inventories

27,833

5,376

15,267

22,345

7,317

3,816

-4,090

4,803

Increase (decrease) in trade payables

13,853

1,424

-8,659

1,811

9,351

5,201

-942

-5,281

Increase (decrease) in warranty provision

234

100

-447

-4

401

-

-

-

Legal settlements and loss contingencies, net

24,797

5,868

4,654

0

0

-

-

-

Increase (decrease) in warranty provision

-

-

-

-

-

297

-126

-124

Increase (decrease) in accrued expenses and other liabilities including related party

5,809

2,314

-259

1,611

5,765

-9,922

-4,533

16,617

Net cash provided by operating activities

-

-

-

76,024

75,670

35,270

-

-

Net cash provided by operating activities

61,017

101,519

85,661

-

-

-

28,224

46,649

Cash flows from investing activities:
Redemption of short-term deposits

0

-60

-11,987

-57,953

26,300

43,700

-

-

Investment in short-term deposits

-

-

-

-

-

-

0

0

Acquisition of U.S. Quartz Products, Inc.

-

-

-

-

-

-

16,213

705

Acquisition of the business of White-Wood Distributors Ltd.

-

-

-

-

-

-

1,954

0

Acquisition of the business of Prema Asia Marketing PTE Ltd. (see also Note 1(b))

-

-

-

150

0

150

576

0

Acquisition of the business of Prema Asia Marketing PTE Ltd.

-

-

-

-

-

-

-

0

Purchase of property, plant and equipment

22,675

22,943

76,495

86,373

27,372

13,481

8,785

5,486

Proceeds from sale of property, plant and equipment

11

22

0

0

-

-

-

-

Increase in long-term deposits

102

452

1,228

-844

-

-

-

-

Decrease (increase) in long-term deposits

-

-

-

-

405

849

16

-24

Net cash used in investing activities

-

-

-

-27,726

-54,077

-58,180

-

-

Repayment of loan by related party and other

-

-

-

-

-

-

177

247

Net cash used in investing activities

-22,766

-23,313

-65,736

-

-

-

-27,367

-5,920

Cash flows from financing activities:
Dividends paid

0

243

0

20,025

20,149

27,182

6,948

13,972

Receipt from issuance of ordinary shares, net

-

-

-

-

-

76,768

0

0

Repayment of long-term loans

-

-

-

-

5,372

12,670

19,819

15,037

Short-term bank credit and loans, net

-5,095

5,157

3,241

-5,454

206

1,275

-7,402

8,040

Purchase of treasury shares

0

39,430

0

0

-

-

-

-

Repayment of contingent consideration related to U.S. Quartz Products, Inc. acquisition

-

-

-

-

-

6,242

0

0

Contribution to equity by non-controlling interest

-

-

-

-

-

-

458

0

Receipt of a financing leaseback related to Bar-Lev transaction

-

-

-

-

-

10,893

0

0

Receipt of long-term loan from related party

-

-

-

-

-

-

1,878

0

Repayment of a financing leaseback

1,172

1,100

1,092

1,192

1,149

362

0

0

Net cash provided by (used in) financing activities

-

-

-

-26,671

-26,464

42,480

-

-

Net cash provided by (used in) financing activities

-6,267

-35,616

2,149

-

-

-

-31,833

-20,969

Effect of exchange rate differences on cash and cash equivalents

453

933

-1,607

-1,595

-1,914

-2,487

-811

3,450

Increase in cash and cash equivalents

32,437

43,523

20,467

20,032

-6,785

17,083

-31,787

23,210

Cash received (paid) during the year for:
Interest paid

259

210

180

-

-

-

-

-

Interest paid

-

-

-

141

946

1,947

1,734

1,459

Interest received

1,006

153

45

46

420

376

286

318

Tax paid

23,448

17,684

16,372

16,744

9,434

7,895

5,393

2,345

Non cash activity during the year for:
Changes in trade payables balances related to purchase of property, plant and equipment

-1,552

-403

-4,389

6,992

-

-

-

-

Changes in trade payables balances related to purchase of property, plant and equipment

-

-

-

-

4,880

2,141

3,633

3,017

Tax received

-

-

-

-

-

-

-

2,578

Additional contingent cash payments

-

-

-

-

-

-

0

0

Net cash paid at acquisition

-

-

-

-

-

-

16,213

705

Acquisition of intangible assets in Canada (for redeemable non-controlling rights in Caesarstone Canada Inc.)

-

-

-

-

-

-

-

4,906

Acquisition of goodwill in Canada (for redeemable non-controlling rights in Caesarstone Canada Inc.)

-

-

-

-

-

-

-

425