Culp inc (CULP)
CashFlow / Yearly
Apr'19Apr'18Apr'18Apr'17Apr'16Apr'15Apr'14Apr'13Apr'12Apr'11Apr'10
Cash flows from operating activities:
Net (loss) income

5,458

-

20,877

22,334

-

-

-

-

-

-

-

Net income

-

20,877

-

-

16,935

15,071

17,447

18,317

13,296

16,164

13,188

Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Depreciation

8,117

7,672

7,672

7,085

6,671

5,773

5,312

5,115

4,865

4,372

4,010

Amortization

780

351

351

244

170

187

169

235

243

442

548

Stock-based compensation

130

2,212

2,212

3,358

2,742

786

710

562

349

360

834

Excess tax benefit related to stock-based compensation

-

-

-

-

-

109

143

76

64

339

429

Deferred income taxes

2,027

-2,482

-2,482

4,667

4,192

3,179

-1,727

-344

-1,682

-3,390

-148

Realized loss on sale of short-term investments (Available for Sale)

-94

-

-

-12

-127

-

-

-

-

-

-

Gain on sale of equipment

1,452

-

-

131

35

78

283

-

168

22

65

Loss from investment in unconsolidated joint venture

-114

-266

-266

-23

-

-

-

-

-

-

-

restructuring expenses, net of gain on sale of related assets

-

-

-

-

-

-

-

-

-

28

-

restructuring expenses, net of gain on sale of related assets

-

-

-

-

-

-

-

-

-

-

-170

Foreign currency exchange (gain) loss

17

-66

-66

-78

40

84

-626

-222

215

115

-688

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

-2,339

299

299

1,555

-4,476

1,636

3,857

-1,667

4,792

199

1,684

Inventories

-3,841

24

24

5,437

4,407

1,883

2,200

1,979

7,497

2,579

2,020

Other current assets

-41

-226

-226

495

206

151

270

49

-395

621

418

Other assets

65

81

81

-30

46

117

72

176

61

3

67

Accounts payable - trade

-3,427

-4,028

-4,028

5,828

-3,785

1,964

4,131

-8,384

5,426

2,110

5,157

Deferred revenue

-410

-

-94

-

-

-

-

-

-

-

-

Deferred revenue

-

-94

-

-

-

-

-

-

-

-

-

Accrued expenses and deferred compensation

-1,492

-1,562

-1,562

992

1,498

3,372

34

2,491

1,710

-

-

Accrued expenses

-

-

-

-

-

-

-

-

-

-2,286

2,853

Accrued restructuring costs

124

-

-

-

-

-

-

-

-4

-280

-529

Income taxes

-2,329

4,373

4,373

-2,966

91

-163

342

-526

202

1,179

-171

Net cash (used in) provided by operating activities

13,873

27,473

27,473

34,067

28,383

-

-

-

-

-

-

Cash flows from investing activities:
Net cash paid for acquisition of businesses

12,096

-

4,541

-

-

-

2,640

-

-

-

-

Net cash provided by operating activities

-

-

-

-

-

26,111

20,219

17,075

12,003

14,821

21,577

Capital expenditures

3,261

8,005

8,005

11,858

11,475

10,461

5,258

4,400

5,890

6,352

-

Proceeds from the sale of property, plant, and equipment

1,894

6

6

141

233

727

407

-

299

79

583

net cash paid for acquisition of assets

-

4,541

-

-

-

-

-

-

-

-

-

Investment in unconsolidated joint venture

120

661

661

1,129

-

-

-

-

-

-

-

Proceeds from the sale of short-term investments (Held to Maturity)

25,680

-

-

-

-

-

-

-

-

-

-

Proceeds from the sale of short-term investments (Available for Sale)

2,458

-

-

2,000

5,612

1,628

810

795

6,707

2,037

-

Purchase of short-term investments (Available for Sale)

10

49

49

44

104

5,355

1,945

105

4,797

6,713

3,023

purchase of long-term investments (held-to-maturity)

-

-

-

31,020

-

-

-

-

-

-

-

Proceeds from the sale of long-term investments (Rabbi Trust)

1,233

57

57

-

-

-

-

-

-

-

-

Purchase of long-term investments (Rabbi Trust)

1,011

1,902

1,902

1,351

1,649

1,650

765

-

-

-

-

proceeds from life insurance policy

394

-

-

-

-

-

-

-

-

-

-

Capital expenditures

-

-

-

-

-

-

-

-

-

-

7,431

proceeds from life insurance policies

-

-

-

-

-

320

-

716

-

-

-

payments on life insurance policy

-

18

18

18

18

18

30

19

-

-

-

payments on vendor-financed capital expenditures

-

-

-

-

-

-

-

-

-

377

985

payments on a capital lease obligation

-

-

-

-

-

-

-

-

-

-

626

Net cash (used in) provided by investing activities

15,161

-15,113

-15,113

-43,279

-7,401

-

-

-

-

-

-

Cash flows from financing activities:
Net cash used in investing activities

-

-

-

-

-

-14,809

-9,421

-3,013

-3,681

-10,949

-9,871

Proceeds from line of credit

12,000

19,000

19,000

9,000

7,000

-

-

-

-

-

-

proceeds from lines of credit

-

-

-

-

-

-

-

1,000

6,323

-

-

Payments on line of credit

12,000

19,000

19,000

9,000

7,000

538

-

1,325

5,500

-

-

Payments on vendor-financed capital expenditures

1,412

3,750

3,750

1,050

-

-

-

-

-

-

-

Proceeds from subordinated loan payable

675

-

-

-

-

-

-

-

-

-

-

Dividends paid

4,732

6,843

6,843

6,280

8,140

7,579

2,204

7,593

-

-

-

Common stock surrendered for withholding taxes payable

1,319

1,530

1,530

429

747

-

-

-

-

-

-

Payments on long-term debt

-

-

-

-

2,200

2,200

2,200

2,515

2,404

179

4,789

Excess tax benefit related to stock-based compensation

-

-

-

-

-

109

143

76

64

339

429

Common stock repurchased

3,323

-

-

-

2,397

745

-

5,022

5,384

-

-

Payments of debt issuance costs

50

-

-

2

134

-

83

-

37

27

15

proceeds from common stock issued

-

111

111

37

200

94

194

205

318

769

673

Net cash used in financing activities

-

-

-

-

-

-10,859

-4,150

-15,174

-6,620

525

-5,313

Net cash used in financing activities

-10,161

-12,012

-12,012

-7,724

-13,418

-

-

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

-93

-

85

-56

-

-

-

-

-

-

-

(Decrease) increase in cash and cash equivalents

18,780

-

433

-16,992

-

-

-

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

-

85

-

-

498

-21

-875

-381

140

489

105

Decrease in cash and cash equivalents

-

433

-

-

8,062

422

5,773

-1,493

1,842

4,886

6,498