Cts corporation (CTS)
CashFlow / Quarterly
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'11
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings

3,808

10,062

2,722

11,943

11,419

17,564

10,211

7,209

11,548

-13,621

9,619

9,966

8,484

8,310

3,720

14,487

7,863

-13,653

-4,760

19,080

6,287

6,964

8,117

6,361

5,080

-2,981

6,819

-11,335

3,568

8,832

5,917

3,301

2,283

5,856

5,863

4,132

5,116

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

6,532

6,581

6,119

5,995

5,924

6,165

5,388

5,478

5,483

5,613

5,388

4,965

4,708

4,982

5,085

4,904

4,021

4,267

3,894

4,028

4,065

4,249

4,321

4,153

4,248

4,492

5,321

5,470

5,886

5,032

4,937

4,856

4,790

4,372

4,410

4,365

4,401

Pension and other post-retirement plan expense

673

257

250

251

251

104

105

106

107

12,939

-476

-476

-417

-411

-394

-367

-427

-941

-4,807

1,649

1,648

-6,586

1,390

1,433

1,473

1,644

2,158

2,168

2,168

1,725

1,726

1,733

1,734

614

1,889

1,272

1,270

Restricted Stock or Unit Expense

228

1,065

1,157

1,579

1,214

1,152

1,918

1,263

923

1,670

827

807

880

979

792

685

282

540

293

842

1,520

821

660

400

779

1,078

660

1,163

1,318

918

1,010

957

1,214

383

1,002

1,181

1,180

Restructuring Impairment charges

0

-

-

-

854

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid pension assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,211

2,211

-

2,479

2,106

2,102

-

-

-

-

2,310

8,530

-1,706

-1,702

15,849

-2,184

-2,151

-2,151

Deferred income taxes

333

1,947

-1,471

874

1,063

-3,802

3,442

-1,937

1,289

9,933

2,280

2,184

2,313

1,965

5,455

3,944

-1,067

6,321

-15,241

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring impairment charges

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

0

-

2,373

2,118

738

1,135

1,570

2,733

503

6,248

902

4,190

559

-

-

-

-

-

-

-

-

(Gain) on sales of fixed assets

0

-

-11

82

40

-

0

-1

-1

-

-697

1

-2

-

150

11,348

3

-

120

1

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of fixed assets

1,016

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss on foreign currency hedges, net of cash

23

-

9

-35

-53

-

-20

20

56

-

-53

-73

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Pension liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-919

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of EMS business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,772

-

-

-

-

-

-

-

-

-

-

-

-

Insurance recovery for business interruption and property damage - casualties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,651

4,192

7,423

5,396

-

-

-

-

Insurance proceeds for business interruption and property damage other than property, plant and equipment - casualty

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,650

4,423

8,314

4,966

-

-

-

-

Changes in assets and liabilities, net of acquisition:
Accounts receivable

-6,176

-3,399

-5,779

2,712

2,682

649

3,776

6,887

-1,435

5,400

-2,152

1,957

-7

1,149

166

-2,317

8,122

-4,554

-3,110

-4,314

10,942

-5,471

2,461

-6,897

5,551

-1,564

2,335

375

4,929

520

-10,403

1,777

-1,394

-1,726

3,569

-9,077

-1,111

Inventories

4,005

-2,446

-1,565

693

-1,053

1,476

770

4,487

788

1,069

-402

2,661

2,076

-28

3,160

124

-966

-2,259

-2,880

1,683

1,231

-1,548

1,743

1,486

-5,118

-466

-805

3,754

28

651

-4,231

-12,366

-2,886

1,947

3,551

1,736

8,897

Operating lease assets

473

-

-

-

2,372

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

-799

-548

-973

2,439

1,687

2,258

1,697

-1,133

-147

-359

1,814

60

16

-200

-1,626

-1,215

3,330

-4,312

-187

543

-134

-

-

-

-

-1,340

-7

-938

1,354

-

13

-1,647

429

-

381

418

951

Accounts payable

1,252

-1,124

-1,952

-2,857

1,275

352

-18

1,924

2,855

2,153

1,618

674

942

-2,180

2,548

-1,478

1,647

-159

-6,523

1,292

264

-1,517

1,970

-259

-2,886

-

-

-

-

-

-

-

-

-

-

-

-

Accrued payroll and benefits

-237

-2,019

792

537

-5,250

1,125

3,252

1,568

-3,596

471

2,598

434

-5,169

-2,978

1,301

969

2,584

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued liabilities

-5,364

1,401

-1,184

392

-4,014

-5,469

1,427

316

-69

943

1,029

336

-2,280

1,400

1,645

-1,725

-869

5,780

-2,008

-2,530

-58

-1,875

2,867

879

-11,743

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

730

-1,599

3,128

-53

-535

3,074

-4,544

1,855

1,179

-4,781

573

-595

248

276

-110

65

735

3,549

505

350

860

-1,337

1,956

-1,177

820

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

542

-

-

-

2,439

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other liabilities

7

77

-1,778

1,947

675

-113

-44

123

-224

1,972

-1,169

-117

2,232

1,595

-77

-68

-1,398

-1,846

10,925

-10,990

-591

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Pension and other post-retirement plans

-67

-74

-69

-97

-47

-149

-75

-78

-80

-79

-81

-80

-79

90

-218

-117

-58

473

-178

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,441

-

-14,205

-8,330

-15,634

-

2,365

-4,817

-2,357

Total adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,773

-11,158

15,057

8,459

25,040

-7,056

7,836

7,084

12,790

-6,389

2,959

-1,327

7,214

-7,622

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,772

5,244

-874

-

293

-7,864

2,235

-2,293

-233

986

212

-209

474

253

1,228

Net cash provided by operating activities

11,927

23,670

16,551

14,591

9,593

15,592

14,839

7,567

20,154

11,081

23,696

13,492

9,779

13,137

17,839

13,402

2,824

15,033

8,624

15,011

483

18,006

5,287

16,134

-6,078

12,076

15,278

13,705

-3,488

16,668

13,001

16,091

-4,106

8,815

4,536

11,346

-2,506

CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures

4,570

6,434

5,869

4,105

5,325

7,688

5,890

7,998

6,912

6,107

2,877

5,304

3,806

6,033

6,984

4,606

2,877

3,164

2,654

2,713

1,192

3,943

3,015

3,216

2,775

3,074

2,549

3,660

4,699

3,685

2,902

2,508

4,369

5,358

3,690

3,358

3,168

Proceeds from sale of assets

0

0

15

71

51

2

0

1

0

56

484

0

1

48

11

12,234

3

0

1,875

2

1

3,100

-59

86

1,824

1,175

404

119

70

-

-

-

-

-

-

-

-

Insurance proceeds for property, plant and equipment damaged in casualties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2,250

-

-

-

-

Payments to Acquire Businesses, Net of Cash Acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

233

72,830

1,285

0

0

0

-

-

-

-

-

-

-

-

63,500

0

0

14,689

-41

0

0

2,930

Capital expenditures to replace property, plant and equipment damaged in casualties, net of insurance proceeds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,250

0

1,093

1,766

-

-

-

-

Net cash used in investing activities

-4,570

-6,752

-79,442

-4,034

-5,274

-7,686

-5,890

-7,997

-6,912

-6,051

-2,249

-24,569

-3,805

-5,985

-6,973

7,395

-75,704

-4,449

-779

-2,711

-1,191

-843

-3,074

-3,130

-951

73,101

-2,145

-3,541

-4,629

-49,507

-2,753

-3,251

-18,574

-3,377

-3,563

-3,358

-6,098

CASH FLOWS FROM FINANCING ACTIVITIES:
Payments of long-term debt

764,550

890,300

686,400

150,000

159,100

150,000

160,900

415,100

334,100

345,200

382,400

417,600

373,000

410,400

585,900

940,800

521,300

400,200

381,000

321,400

240,900

272,500

275,300

248,000

234,400

337,300

933,300

1,387,800

1,206,100

1,481,950

1,260,800

1,417,550

1,301,300

-1,093,600

1,066,700

1,042,700

946,800

Proceeds from borrowings of long-term debt

816,050

877,300

749,100

150,000

159,100

150,000

153,900

398,100

331,800

339,200

371,900

416,400

377,900

403,500

571,100

910,300

571,900

400,400

382,800

326,900

249,100

267,200

279,400

247,600

236,000

283,700

932,400

1,353,300

1,216,600

1,540,950

1,258,300

1,405,850

1,335,600

-1,108,900

1,081,900

1,036,900

957,100

Payments of short-term notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32

0

271

507

572

607

511

528

105

500

382

1,284

-1,361

2,261

1,520

683

Proceeds from borrowings of short-term notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32

0

271

507

572

607

511

528

105

500

382

1,284

-1,361

2,015

1,766

683

Purchase of treasury stock

5,304

3,701

3,043

4,153

849

9,440

0

0

0

-

-

-

-

-

-

-

-

2,465

4,254

8,476

2,893

2,918

1,352

3,237

495

3,984

731

445

1,048

3,824

907

2,909

2,734

-

-

-

-

Dividends paid

1,299

1,304

1,309

1,315

1,310

1,323

1,324

1,320

1,318

1,318

1,318

1,314

1,310

1,311

1,311

1,309

1,303

1,307

1,316

1,332

1,336

1,336

1,345

1,342

1,351

1,350

1,179

1,174

1,171

1,185

1,189

1,192

1,193

1,030

1,033

1,030

1,026

Windfall tax benefits from equity awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3

30

117

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-124

0

0

1,328

487

177

1,792

266

7

271

691

710

0

0

41

431

Taxes paid on behalf of equity award participants

1,903

4

16

0

2,637

35

4

6

1,423

33

2

3

1,566

27

7

0

1,775

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,367

13

0

222

161

-14

-12

42

-7

-32

121

78

0

2

71

133

Net cash provided by (used) in financing activities

42,994

-18,009

58,332

-5,468

-4,796

-10,798

-8,328

-18,326

-5,041

-7,351

-12,970

-2,517

2,024

-8,238

-16,118

-31,809

47,522

-3,930

-3,773

-4,214

4,088

-13,674

1,416

-4,979

1,304

-58,169

-2,647

-34,339

8,589

53,991

-4,357

-14,989

31,161

-18,568

12,912

-6,798

9,838

Effect of exchange rate changes on cash and cash equivalents

363

133

180

-219

252

71

272

234

-390

-259

-139

-411

16

458

-227

-40

-606

-481

-108

372

445

135

25

236

326

630

200

787

-611

-201

-310

747

-452

370

231

-297

-386

Net increase (decrease) in cash and cash equivalents

50,714

-958

-4,379

4,870

-225

-2,821

893

-18,522

7,811

-2,580

8,338

-14,005

8,014

-628

-5,479

-11,052

-25,964

6,173

3,964

8,458

3,825

3,624

3,654

8,261

-5,399

27,638

10,686

-23,388

-139

20,951

5,581

-1,402

8,029

-12,760

14,116

893

848

Supplemental cash flow information:
Cash paid for interest

678

753

634

293

281

280

307

509

486

524

553

524

529

647

745

811

736

1,369

0

592

454

679

600

402

432

598

816

1,031

659

677

607

437

537

449

429

463

422

Cash paid for income taxes, net

1,183

3,491

2,174

3,326

2,122

1,399

4,793

2,915

809

5,966

1,403

2,129

1,386

335

1,433

3,296

5,407

2,531

0

2,640

1,608

1,853

1,404

3,635

1,102

1,675

1,772

1,689

1,295

2,318

1,680

1,781

1,007

1,692

978

1,977

83

Noncash Investing and Financing Activities Disclosure [Abstract]
Capital expenditures incurred but not yet paid

1,843

366

-1,096

1,073

3,734

368

0

-1,229

5,173

-

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