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

28,535

36,146

43,648

51,137

46,403

46,532

15,347

14,755

17,512

14,448

36,379

30,480

35,001

34,380

12,417

3,937

8,530

6,954

27,571

40,448

27,729

26,522

16,577

15,279

-2,417

-3,929

7,884

6,982

21,618

20,333

17,357

17,303

18,134

20,967

0

0

0

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

25,227

24,619

24,203

23,472

22,955

22,514

21,962

21,962

21,449

20,674

20,043

19,740

19,679

18,992

18,277

17,086

16,210

16,254

16,236

16,663

16,788

16,971

17,214

18,214

19,531

21,169

21,709

21,325

20,711

19,615

18,955

18,428

17,937

17,548

0

0

0

Pension and other post-retirement plan expense

1,431

1,009

856

711

566

422

13,257

12,676

12,094

11,570

-1,780

-1,698

-1,589

-1,599

-2,129

-6,542

-4,526

-2,451

-8,096

-1,899

-2,115

-2,290

5,940

6,708

7,443

8,138

8,219

7,787

7,352

6,918

5,807

5,970

5,509

5,045

0

0

0

Restricted Stock or Unit Expense

4,029

5,015

5,102

5,863

5,547

5,256

5,774

4,683

4,227

4,184

3,493

3,458

3,336

2,738

2,299

1,800

1,957

3,195

3,476

3,843

3,401

2,660

2,917

2,917

3,680

4,219

4,059

4,409

4,203

4,099

3,564

3,556

3,780

3,746

0

0

0

Restructuring Impairment charges

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid pension assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

7,432

20,971

10,257

9,812

9,363

0

0

0

Deferred income taxes

1,683

2,413

-3,336

1,577

-1,234

-1,008

12,727

11,565

15,686

16,710

8,742

11,917

13,677

10,297

14,653

-6,043

-9,987

-8,920

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring impairment charges

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

6,177

-

6,364

5,561

6,176

5,941

11,054

10,386

11,843

11,899

0

0

0

-

-

-

-

-

-

-

-

(Gain) on sales of fixed assets

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of fixed assets

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Pension liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of EMS business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Insurance recovery for business interruption and property damage - casualties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,662

0

0

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,353

0

0

0

-

-

-

-

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

-12,642

-3,784

264

9,819

13,994

9,877

14,628

8,700

3,770

5,198

947

3,265

-1,009

7,120

1,417

-1,859

-3,856

-1,036

-1,953

3,618

1,035

-4,356

-449

-575

6,697

6,075

8,159

-4,579

-3,177

-9,500

-11,746

2,226

-8,628

-8,345

0

0

0

Inventories

687

-4,371

-449

1,886

5,680

7,521

7,114

5,942

4,116

5,404

4,307

7,869

5,332

2,290

59

-5,981

-4,422

-2,225

-1,514

3,109

2,912

-3,437

-2,355

-4,903

-2,635

2,511

3,628

202

-15,918

-18,832

-17,536

-9,754

4,348

16,131

0

0

0

Operating lease assets

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

119

2,605

5,411

8,081

4,509

2,675

58

175

1,368

1,531

1,690

-1,750

-3,025

289

-3,823

-2,384

-626

-4,090

0

0

0

-

-

-

-

-931

0

0

0

-

0

0

0

-

0

0

0

Accounts payable

-4,681

-4,658

-3,182

-1,248

3,533

5,113

6,914

8,550

7,300

5,387

1,054

1,984

-168

537

2,558

-6,513

-3,743

-5,126

-6,484

2,009

458

-2,692

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Accrued payroll and benefits

-927

-5,940

-2,796

-336

695

2,349

1,695

1,041

-93

-1,666

-5,115

-6,412

-5,877

1,876

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued liabilities

-4,755

-3,405

-10,275

-7,664

-7,740

-3,795

2,617

2,219

2,239

28

485

1,101

-960

451

4,831

1,178

373

1,184

-6,471

-1,596

1,813

-9,872

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

2,206

941

5,614

-2,058

-150

1,564

-6,291

-1,174

-3,624

-4,555

502

-181

479

966

4,239

4,854

5,139

5,264

378

1,829

302

262

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and other liabilities

253

921

731

2,465

641

-258

1,827

702

462

2,918

2,541

3,633

3,682

52

-3,389

7,613

-3,309

-2,502

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Pension and other post-retirement plans

-307

-287

-362

-368

-349

-382

-312

-318

-320

-319

-150

-287

-324

-303

80

120

237

295

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

0

0

0

Total adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,131

37,398

41,500

34,279

32,904

20,654

21,321

16,444

8,033

2,457

1,224

0

0

0

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-7,629

-8,155

695

-1,328

756

1,463

730

1,746

0

0

0

Net cash provided by operating activities

66,739

64,405

56,327

54,615

47,591

58,152

53,641

62,498

68,423

58,048

60,104

54,247

54,157

47,202

49,098

39,883

41,492

39,151

42,124

38,787

39,910

33,349

27,419

37,410

34,981

37,571

42,163

39,886

42,272

41,654

33,801

25,336

20,591

22,191

0

0

0

CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures

20,978

21,733

22,987

23,008

26,901

28,488

26,907

23,894

21,200

18,094

18,020

22,127

21,429

20,500

17,631

13,301

11,408

9,723

10,502

10,863

11,366

12,949

12,080

11,614

12,058

13,982

14,593

14,946

13,794

13,464

15,137

15,925

16,775

15,574

0

0

0

Proceeds from sale of assets

86

137

139

124

54

3

57

541

540

541

533

60

12,294

12,296

12,248

14,112

1,880

1,878

4,978

3,044

3,128

4,951

3,026

3,489

3,522

1,768

0

0

0

-

-

-

-

-

-

-

-

Insurance proceeds for property, plant and equipment damaged in casualties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Payments to Acquire Businesses, Net of Cash Acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

73,063

74,348

74,348

74,115

1,285

0

0

0

-

-

-

-

-

-

-

-

78,189

14,648

14,648

14,648

2,889

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

609

0

0

0

-

-

-

-

Net cash used in investing activities

-94,798

-95,502

-96,436

-22,884

-26,847

-28,485

-26,850

-23,209

-39,781

-36,674

-36,608

-41,332

-9,368

-81,267

-79,731

-73,537

-83,643

-9,130

-5,524

-7,819

-8,238

-7,998

65,946

66,875

66,464

62,786

-59,822

-60,430

-60,140

-74,085

-27,955

-28,765

-28,872

-16,396

0

0

0

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

2,491,250

1,885,800

1,145,500

620,000

885,100

1,060,100

1,255,300

1,476,800

1,479,300

1,518,200

1,583,400

1,786,900

2,310,100

2,458,400

2,448,200

2,243,300

1,623,900

1,343,500

1,215,800

1,110,100

1,036,700

1,030,200

1,095,000

1,753,000

2,892,800

3,864,500

5,009,150

5,336,650

5,366,400

5,461,600

2,886,050

2,691,950

2,317,100

1,962,600

0

0

0

Proceeds from borrowings of long-term debt

2,592,450

1,935,500

1,208,200

613,000

861,100

1,033,800

1,223,000

1,441,000

1,459,300

1,505,400

1,569,700

1,768,900

2,262,800

2,456,800

2,453,700

2,265,400

1,682,000

1,359,200

1,226,000

1,122,600

1,043,300

1,030,200

1,046,700

1,699,700

2,805,400

3,786,000

5,043,250

5,369,150

5,421,700

5,540,700

2,890,850

2,714,450

2,345,500

1,967,000

0

0

0

Payments of short-term notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

810

1,350

1,957

2,197

2,218

1,751

1,644

1,515

2,271

805

2,566

3,704

3,103

0

0

0

Proceeds from borrowings of short-term notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

810

1,350

1,957

2,197

2,218

1,751

1,644

1,515

2,271

805

2,320

3,704

3,103

0

0

0

Purchase of treasury stock

16,201

11,746

17,485

14,442

10,289

9,440

0

0

0

-

-

-

-

-

-

-

-

18,088

18,541

15,639

10,400

8,002

9,068

8,447

5,655

6,208

6,048

6,224

8,688

10,374

0

0

0

-

-

-

-

Dividends paid

5,227

5,238

5,257

5,272

5,277

5,285

5,280

5,274

5,268

5,260

5,253

5,246

5,241

5,234

5,230

5,235

5,258

5,291

5,320

5,349

5,359

5,374

5,388

5,222

5,054

4,874

4,709

4,719

4,737

4,759

4,604

4,448

4,286

4,119

0

0

0

Windfall tax benefits from equity awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,204

1,815

1,992

3,784

2,722

2,242

2,336

1,235

1,679

1,672

1,401

751

472

0

0

0

Taxes paid on behalf of equity award participants

1,923

2,657

2,688

2,676

2,682

1,468

1,466

1,464

1,461

1,604

1,598

1,603

1,600

1,809

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,132

396

369

357

177

9

-9

124

160

167

201

151

206

0

0

0

Net cash provided by (used) in financing activities

77,849

30,059

37,270

-29,390

-42,248

-42,493

-39,046

-43,688

-27,879

-20,814

-21,701

-24,849

-54,141

-8,643

-4,335

8,010

35,605

-7,829

-17,573

-12,384

-13,149

-15,933

-60,428

-64,491

-93,851

-86,566

25,594

23,884

43,234

65,806

-6,753

10,516

18,707

-2,616

0

0

0

Effect of exchange rate changes on cash and cash equivalents

457

346

284

376

829

187

-143

-554

-1,199

-793

-76

-164

207

-415

-1,354

-1,235

-823

228

844

977

841

722

1,217

1,392

1,943

1,006

175

-335

-375

-216

355

896

-148

-82

0

0

0

Net increase (decrease) in cash and cash equivalents

50,247

-692

-2,555

2,717

-20,675

-12,639

-12,398

-4,953

-436

-233

1,719

-12,098

-9,145

-43,123

-36,322

-26,879

-7,369

22,420

19,871

19,561

19,364

10,140

34,154

41,186

9,537

14,797

8,110

3,005

24,991

33,159

-552

7,983

10,278

3,097

0

0

0

Supplemental cash flow information:
Cash paid for interest

2,358

1,961

1,488

1,161

1,377

1,582

1,826

2,072

2,087

2,130

2,253

2,445

2,732

2,939

3,661

2,916

2,697

2,415

1,725

2,325

2,135

2,113

2,032

2,248

2,877

3,104

3,183

2,974

2,380

2,258

2,030

1,852

1,878

1,763

0

0

0

Cash paid for income taxes, net

10,174

11,113

9,021

11,640

11,229

9,916

14,483

11,093

10,307

10,884

5,253

5,283

6,450

10,471

12,667

11,234

10,578

6,779

6,101

7,505

8,500

7,994

7,816

8,184

6,238

6,431

7,074

6,982

7,074

6,786

6,160

5,458

5,654

4,730

0

0

0

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

2,186

4,077

4,079

5,175

2,873

4,312

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-