CULP INC CULP Cash Flow

Culp inc (CULP)

CashFlow / TTM

Feb'20	Nov'19	Aug'19	Apr'19	Jan'19	Oct'18	Oct'18	Jul'18	Jul'18	Apr'18	Apr'18	Jan'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Oct'10	Jul'10
Cash flows from operating activities:
Net (loss) income
-2,352	4,915	5,667	5,458	19,635	-	15,827	16,858	16,858	-	20,877	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,738	18,253	17,547	16,935	18,247	17,196	16,428	15,071	12,897	17,467	17,561	17,447	18,410	12,851	18,023	18,317	18,037	17,017	15,000	13,296	15,863	16,486	14,237	16,164	0	0	0
Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Depreciation
7,910	7,954	8,007	8,117	8,080	-	8,015	7,880	7,880	-	7,672	-	7,460	7,287	7,131	7,085	7,087	6,998	6,877	6,671	6,417	6,145	5,929	5,773	5,592	5,488	5,406	5,312	5,261	5,212	5,166	5,115	5,083	5,018	4,932	4,865	4,767	4,661	4,545	4,372	0	0	0
Amortization
718	742	811	780	695	-	576	414	414	-	351	-	330	330	274	244	209	164	175	170	170	179	187	187	186	182	177	169	180	197	214	235	238	235	247	243	240	311	368	442	0	0	0
Stock-based compensation
588	703	785	130	163	-	548	954	954	-	2,212	-	3,161	3,259	3,354	3,358	3,397	3,060	3,238	2,742	2,268	1,834	1,005	786	641	625	604	710	805	741	644	562	399	368	342	349	338	334	341	360	0	0	0
Excess tax benefit related to stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	821	839	798	109	110	108	128	143	142	159	135	76	102	85	88	64	93	108	201	339	0	0	0
Deferred income taxes
2,092	4,161	3,628	2,027	-1,153	-	-5,539	-5,388	-5,388	-	-2,482	-	-1,886	3,522	4,717	4,667	5,819	3,497	3,144	4,192	1,811	3,934	3,627	3,179	3,802	-1,806	-1,972	-1,727	-229	5,121	419	-344	-1,301	-1,727	-1,509	-1,682	-4,922	-5,487	-2,833	-3,390	0	0	0
Realized loss on sale of short-term investments (Available for Sale)
-	-	-	-94	0	-	0	0	0	-	-	-	-	-	-	-12	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of equipment
272	466	1,504	1,452	0	-	0	0	0	-	-	-	-	-	-	131	40	-34	-20	35	70	103	79	78	249	244	254	283	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Loss from investment in unconsolidated joint venture
-65	15	-24	-114	-126	-	-205	-225	-225	-	-266	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency exchange (gain) loss
44	21	-27	17	55	-	78	60	60	-	-66	-	-229	-173	-175	-78	-27	80	45	40	163	-74	-60	84	-267	-252	-329	-626	-422	-491	-398	-222	-134	117	256	215	344	339	241	115	0	0	0
Changes in assets and liabilities, net of effects of acquisition of business:
Accounts receivable
508	135	873	-2,339	-586	-	-779	-14	-14	-	299	-	2,818	5,136	-358	1,555	-3,725	-3,726	-2,313	-4,476	-2,910	-896	2,030	1,636	4,468	78	-360	3,857	1,953	4,105	4,367	-1,667	2,247	4,443	1,129	4,792	5,021	1,305	352	199	0	0	0
Inventories
2,517	4,723	-4,245	-3,841	-2,593	-	-2,146	-3,086	-3,086	-	24	-	8,575	4,059	7,168	5,437	-1,941	53	2,147	4,407	10,904	8,485	4,930	1,883	-5,417	-6,598	-50	2,200	1,266	6,428	-2,460	1,979	9,246	4,415	9,127	7,497	6,333	4,180	4,973	2,579	0	0	0
Other current assets
443	369	-1,191	-41	-210	-	118	296	296	-	-226	-	612	523	1,120	495	8	-847	-1,101	206	-480	487	1,340	151	127	-201	-1,070	270	1,284	859	777	49	-907	-18	-309	-395	984	348	1,148	621	0	0	0
Other assets
-88	-78	-12	65	38	-	56	0	0	-	81	-	0	0	0	-	-	-	50	46	39	73	377	117	49	61	-222	72	137	143	144	176	104	110	90	61	65	-11	-10	3	0	0	0
Accounts payable - trade
-6,388	3,401	-2,401	-3,427	-5,257	-	-2,218	-6,125	-6,125	-	-4,028	-	8,489	4,028	2,395	5,828	-2,752	-4,138	-617	-3,785	-2,282	318	4,056	1,964	3,911	-3,067	-3,377	4,131	-1,502	4,936	188	-8,384	2,740	1,411	2,084	5,426	5,860	3,221	1,623	2,110	0	0	0
Deferred revenue
-94	-274	50	-410	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses and deferred compensation
563	1,600	296	-1,492	-1,467	-	573	1,576	1,576	-	-1,562	-	52	-146	919	992	-576	576	737	1,498	2,657	2,149	1,357	3,372	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	1,535	1,072	-410	-2,286	0	0	0
Accrued restructuring costs
-228	-225	-403	124	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4	-31	-247	-275	-280	0	0	0
Income taxes
-1,467	-1,806	-1,730	-2,329	-8,484	-	4,214	3,690	3,690	-	4,373	-	10,431	-3,114	-2,733	-2,966	-2,139	477	307	91	480	-17	20	-163	72	-3	237	342	-223	24	-593	-526	366	208	607	202	495	869	773	1,179	0	0	0
Net cash (used in) provided by operating activities
5,269	15,520	17,832	13,873	14,089	-	23,895	23,133	23,133	-	27,473	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Cash flows from investing activities:
Net cash paid for acquisition of businesses
-	-	-	12,096	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,640	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	31,939	-	21,288	22,777	23,115	26,111	29,924	25,314	21,595	20,219	17,252	18,868	21,712	17,075	20,090	17,072	13,683	12,003	0	0	0	-	-	-	-
Capital expenditures
4,379	3,575	3,439	3,261	4,302	-	5,123	6,502	6,502	-	8,005	-	9,262	10,528	10,979	11,858	13,042	12,528	11,278	11,475	9,962	10,629	11,464	10,461	10,787	8,445	6,707	5,258	4,293	4,354	4,276	4,400	0	0	0	-	-	-	-	-	-	-	-
Proceeds from the sale of property, plant, and equipment
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in unconsolidated joint venture
-	-	-	120	120	-	152	272	272	-	661	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of short-term investments (Held to Maturity)
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of short-term investments (Available for Sale)
-	-	-	2,458	0	-	0	0	0	-	-	-	-	-	-	-	-	-	4,000	5,612	0	0	0	-	-	-	-	-	-	-	-	795	3,406	5,470	5,470	6,707	0	0	0	-	-	-	-
Purchase of short-term investments (Available for Sale)
-	-	-	10	22	-	35	47	47	-	49	-	0	0	0	-	-	-	92	104	1,722	3,726	5,361	5,355	3,748	2,573	949	1,945	1,937	1,098	1,103	105	60	62	61	4,797	7,002	10,490	10,488	6,713	0	0	0
Proceeds from the sale of long-term investments (Rabbi Trust)
-	-	-	-	-	-	-	-	-	-	57	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of long-term investments (Rabbi Trust)
923	964	968	1,011	998	-	971	937	937	-	1,902	-	1,619	1,879	2,059	1,351	0	0	0	-	-	-	1,144	1,650	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Proceeds from the sale of equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by investing activities
-3,635	24,725	29,858	15,161	656	-	-15,195	-21,816	-21,816	-	-15,113	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Cash flows from financing activities:
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-8,989	-	-7,378	-11,568	-11,987	-14,809	-13,014	-9,486	-7,931	-9,421	-8,641	-7,312	-7,218	-3,013	-855	292	114	-3,681	0	0	0	-	-	-	-
Proceeds from line of credit
-	-	-	12,000	21,000	-	21,000	25,000	25,000	-	19,000	-	12,000	12,000	7,000	9,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on line of credit
-	-	-	12,000	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on vendor-financed capital expenditures
-	-	-	1,412	1,412	-	2,662	3,912	3,912	-	3,750	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from subordinated loan payable
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for acquisition of business
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid
5,025	4,961	4,846	4,732	4,614	-	4,493	4,362	4,362	-	6,843	-	6,710	6,576	6,443	6,280	6,151	6,030	5,909	8,140	8,014	7,883	7,753	7,579	7,458	7,338	7,217	2,204	1,959	7,825	7,701	7,593	0	0	0	-	-	-	-	-	-	-	-
Common stock surrendered for withholding taxes payable
67	78	71	1,319	1,303	-	1,675	1,687	1,687	-	1,530	-	1,679	1,296	1,284	429	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital contribution from non-controlling interest
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,515	2,400	2,399	2,401	2,404	2,404	2,404	200	179	0	0	0
Excess tax benefit related to stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	821	839	798	109	110	108	128	143	142	159	135	76	102	85	88	64	93	108	201	339	0	0	0
Common stock repurchased
-	-	-	3,323	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	745	0	0	0	-	-	-	-	5,022	5,022	5,630	4,752	5,384	0	0	0	-	-	-	-
proceeds from common stock issued
-	-	-	-	-	-	-	-	-	-	111	-	111	31	31	37	99	85	155	200	0	0	0	-	-	-	-	194	0	0	0	-	-	-	-	318	415	495	768	769	0	0	0
Net cash used in financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-3,712	-	-11,695	-9,156	-9,732	-10,859	-10,758	-10,645	-9,879	-4,150	-4,050	-10,133	-14,558	-15,174	-14,596	-7,734	-6,511	-6,620	0	0	0	-	-	-	-
Net cash used in financing activities
-6,074	-7,815	-12,016	-10,161	-10,695	-	-9,568	-10,927	-10,927	-	-12,012	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Effect of exchange rate changes on cash and cash equivalents
-106	-15	-31	-93	-60	-	-103	-119	-119	-	85	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Decrease) increase in cash and cash equivalents
-4,546	32,415	35,643	18,780	3,990	-	-971	-9,729	-9,729	-	433	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes on cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	236	189	378	498	726	170	-128	-21	-673	-497	-543	-875	-757	-620	-402	-381	-246	39	33	140	523	566	637	489	0	0	0
Decrease in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-16,054	-17,266	19,616	8,062	2,941	2,223	1,268	422	5,479	4,686	3,242	5,773	3,804	803	-466	-1,493	4,393	9,669	7,319	1,842	-2,163	-1,467	525	4,886	0	0	0