Culp inc (CULP)
CashFlow / Quarterly
Feb'20Nov'19Aug'19Apr'19Jan'19Oct'18Oct'18Jul'18Jul'18Apr'18Apr'18Jan'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Jan'11Oct'10Jul'10
Cash flows from operating activities:
Net (loss) income

-4,207

2,192

1,174

-1,511

3,060

-

2,944

965

965

-

12,666

-

-748

3,975

4,984

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,347

4,476

5,313

3,602

4,862

3,770

4,701

4,914

3,811

3,002

3,344

2,740

8,381

3,096

3,230

3,703

2,822

8,268

3,524

3,423

1,802

6,251

1,820

5,990

2,425

4,002

3,747

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

1,987

1,988

1,905

2,030

2,031

-

2,041

2,015

2,015

-

1,993

-

1,966

1,906

1,807

1,781

1,793

1,750

1,761

1,783

1,704

1,629

1,555

1,529

1,432

1,413

1,399

1,348

1,328

1,331

1,305

1,297

1,279

1,285

1,254

1,265

1,214

1,199

1,187

1,167

1,108

1,083

1,014

Amortization

177

177

176

188

201

-

246

145

145

-

103

-

82

84

82

82

82

28

52

47

37

39

47

47

46

47

47

46

42

42

39

57

59

59

60

60

56

71

56

57

127

128

130

Stock-based compensation

364

313

154

-243

479

-

395

-501

-501

-

-210

-

864

801

757

739

962

896

761

778

625

1,074

265

304

191

245

46

159

175

224

152

254

111

127

70

91

80

101

77

80

76

108

96

Excess tax benefit related to stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-16

50

788

-1

2

9

99

0

0

29

114

-1

17

5

55

25

0

8

31

54

15

101

169

Deferred income taxes

-1,679

715

-662

3,718

390

-

182

-2,263

-2,263

-

538

-

-3,996

333

643

1,134

1,412

1,528

593

2,286

-910

1,175

1,641

-95

1,213

868

1,193

528

-4,395

702

1,438

2,026

955

-4,000

675

1,069

529

-3,782

502

-2,171

-36

-1,128

-55

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

-

-

-

0

0

-

0

-94

-94

-

-

-

-

-

-

0

0

0

-12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of equipment

183

76

17

-4

377

-

1,114

-35

-35

-

-

-

-

-

-

60

80

0

-9

-31

6

14

46

4

39

-10

45

175

34

0

74

-

-

-

-

-

-

-

-

-

-

-

-

Loss from investment in unconsolidated joint venture

-57

-16

13

-5

23

-

-55

-77

-77

-

-17

-

-56

-75

-118

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency exchange (gain) loss

-91

59

47

29

-114

-

11

91

91

-

67

-

-91

-7

-35

-96

-35

-9

62

-45

72

-44

57

78

-165

-30

201

-273

-150

-107

-96

-69

-219

-14

80

19

32

125

39

148

27

27

-87

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

2,050

460

375

-2,377

1,677

-

1,198

-2,837

-2,837

-

-624

-

1,484

1,963

-2,524

1,895

3,802

-3,531

-611

-3,385

3,801

-2,118

-2,774

-1,819

5,815

808

-3,168

1,013

1,425

370

1,049

-891

3,577

632

-4,985

3,023

5,773

-2,682

-1,322

3,252

2,057

-3,635

-1,475

Inventories

2,219

4,772

25

-4,499

4,425

-

-4,196

429

429

-

-3,251

-

4,872

-5,136

3,539

5,300

356

-2,027

1,808

-2,078

2,350

67

4,068

4,419

-69

-3,488

1,021

-2,881

-1,250

3,060

3,271

-3,815

3,912

-5,828

7,710

3,452

-919

-1,116

6,080

2,288

-3,072

-323

3,686

Other current assets

496

192

-161

-84

422

-

-1,368

989

989

-

-253

-

750

-1,190

467

585

661

-593

-158

98

-194

-847

1,149

-588

773

6

-40

-612

445

-863

1,300

402

20

-945

572

-554

909

-1,236

486

825

273

-436

-41

Other assets

-26

-22

-111

71

-16

-

44

-34

-34

-

44

-

2

-12

47

-

-

-

-19

94

-40

15

-23

87

-6

319

-283

19

6

36

11

84

12

37

43

12

18

17

14

16

-58

18

27

Accounts payable - trade

-6,039

5,032

-1,468

-3,913

3,750

-

-770

-2,494

-2,494

-

-5,743

-

6,789

-4,677

-397

6,774

2,328

-6,310

3,036

-1,806

942

-2,789

-132

-303

3,542

949

-2,224

1,644

-3,436

639

5,284

-3,989

3,002

-4,109

-3,288

7,135

1,673

-3,436

54

7,569

-966

-5,034

541

Deferred revenue

23

-309

285

-93

-157

-

15

-

-175

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-175

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses and deferred compensation

-1,078

1,398

222

21

-41

-

94

-1,566

-1,566

-

46

-

1,999

1,097

-4,704

1,660

1,801

2,162

-4,631

92

2,953

2,323

-3,870

1,251

2,445

1,531

-1,855

-

-

-

-3,131

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,216

2,240

-930

-

753

996

-1,750

1,536

290

-486

-3,626

Accrued restructuring costs

-35

-7

-82

-104

-32

-

-185

445

445

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-1

-3

-27

-216

-29

-8

Income taxes

-1,063

246

524

-1,174

-1,402

-

322

-75

-75

-

-7,329

-

11,296

-202

608

-1,271

-2,249

179

375

-444

367

9

159

-55

-130

46

-24

180

-205

286

81

-385

42

-331

148

507

-116

68

-257

800

258

-28

149

Net cash (used in) provided by operating activities

-8,766

6,224

2,023

5,788

1,485

-

8,536

-1,936

-1,936

-

6,004

-

11,291

7,774

2,404

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-291

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

-

-

-

0

0

-

125

11,971

11,971

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,640

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,663

10,850

6,199

-

4,672

10,149

1,055

5,412

6,161

10,487

4,051

9,225

1,551

6,768

2,675

6,258

3,167

9,612

-1,962

9,273

149

6,223

-3,642

-

-

-

-

Capital expenditures

1,662

1,475

935

307

858

-

1,339

757

757

-

1,348

-

1,679

2,718

2,260

2,605

2,945

3,169

3,139

3,789

2,431

1,919

3,336

2,276

3,098

2,754

2,333

2,602

756

1,016

884

1,637

817

938

1,008

-

-

-

-

-

-

-

-

Proceeds from the sale of property, plant, and equipment

309

154

209

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in unconsolidated joint venture

-

-

-

0

20

-

0

100

100

-

0

-

52

120

489

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

0

0

5,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

0

0

-

0

2,458

2,458

-

-

-

-

-

-

-

-

-

2,000

0

2,000

0

3,612

-

-

-

-

-

-

-

-

0

0

0

795

2,611

2,064

0

2,032

-

-

-

-

Purchase of short-term investments (Available for Sale)

-

-

-

0

0

-

0

10

10

-

12

-

13

12

12

-

-

-

21

18

40

13

33

1,636

2,044

1,648

27

29

869

24

1,023

21

30

29

25

-24

32

28

4,761

2,181

3,520

26

986

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

-

-

-

-

-

-

-

-

-

-

0

-

3

5

49

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of long-term investments (Rabbi Trust)

228

220

259

216

269

-

224

302

302

-

203

-

242

190

1,267

-80

502

370

559

-

-

-

478

352

152

162

984

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,164

1,247

1,304

-

504

1,925

3,151

Proceeds from the sale of equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

121

104

-

234

0

391

-

75

9

104

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by investing activities

-14,510

-1,541

4,015

8,401

13,850

-

3,592

-10,682

-10,682

-

-6,104

-

-2,001

-3,029

-3,979

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,137

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,970

-34,591

-1,719

-

-888

-2,197

-131

-4,162

-5,078

-2,616

-2,953

-2,367

-1,550

-1,061

-4,443

-1,587

-221

-967

-238

571

926

-1,145

-4,033

-

-

-

-

Proceeds from line of credit

-

-

-

0

0

-

1,000

11,000

11,000

-

9,000

-

0

5,000

5,000

2,000

0

0

7,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on line of credit

-

-

-

0

0

-

5,000

7,000

7,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on vendor-financed capital expenditures

-

-

-

0

0

-

0

1,412

1,412

-

0

-

1,250

1,250

1,250

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from subordinated loan payable

0

0

250

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for acquisition of business

0

769

763

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid

1,304

1,241

1,241

1,239

1,240

-

1,126

1,127

1,127

-

1,121

-

1,119

995

3,608

988

985

862

3,445

859

864

741

5,676

733

733

611

5,502

612

613

490

489

367

6,479

366

381

-

-

-

-

-

-

-

-

Common stock surrendered for withholding taxes payable

0

7

44

16

11

-

0

1,292

1,292

-

0

-

383

12

1,135

149

0

0

280

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital contribution from non-controlling interest

0

320

40

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

165

50

2,250

50

50

49

2,252

53

50

49

48

32

Excess tax benefit related to stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-16

50

788

-1

2

9

99

0

0

29

114

-1

17

5

55

25

0

8

31

54

15

101

169

Common stock repurchased

-

-

-

7

2,472

-

772

72

72

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

189

556

-

-

-

-

0

0

4,552

470

0

608

3,674

1,102

-

-

-

-

proceeds from common stock issued

-

-

-

-

-

-

-

-

-

-

0

-

106

0

5

0

26

0

11

62

12

70

56

-

-

-

-

0

0

49

145

-

-

-

-

81

0

68

169

178

80

341

170

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,009

-7,864

3,286

-

-3,265

-2,864

-4,832

-734

-726

-3,440

-5,959

-633

-613

-2,674

-230

-533

-6,696

-7,099

-846

45

166

-5,876

-955

-

-

-

-

Net cash used in financing activities

-2,032

-1,697

-1,758

-587

-3,773

-

-5,898

97

97

-

-1,121

-

-2,646

-7,257

-988

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

307

Effect of exchange rate changes on cash and cash equivalents

-3

-39

-52

-12

88

-

-55

-114

-114

-

21

-

45

-71

90

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Decrease) increase in cash and cash equivalents

-25,311

2,947

4,228

13,590

11,650

-

6,175

-12,635

-12,635

-

-1,200

-

6,689

-2,583

-2,473

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

65

-34

-4

209

18

155

116

437

-538

-143

223

-215

-362

-189

-109

-97

-225

29

-88

38

60

23

19

421

103

94

-129

Decrease in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,749

-31,639

7,762

6,074

537

5,243

-3,792

953

-181

4,288

-4,638

6,010

-974

2,844

-2,107

4,041

-3,975

1,575

-3,134

9,927

1,301

-775

-8,611

5,922

1,997

1,217

-4,250