Ducommun incorporated (DCO)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash Flows from Operating Activities
Net Income

32,461

9,035

20,077

25,261

-74,879

19,867

11,378

17,623

-47,583

19,808

10,183

Adjustments to Reconcile Net Income (Loss) to Net Cash Provided by Operating Activities
Net Cash Provided by Operating Activities:
Depreciation and amortization

28,305

25,296

22,845

22,860

26,846

29,024

30,926

29,413

21,458

13,597

13,550

Non-cash operating lease cost

2,669

0

0

-

-

-

-

-

-

-

-

Gain (Loss) on Disposition of Business

-

-

-

17,604

0

0

-

-

-

-

-

Goodwill impairment

-

-

-

-

57,243

0

0

-

54,273

-

12,936

Intangible asset impairment

-

-

-

-

32,937

0

0

-

-

-

-

Property and equipment impairment due to restructuring

0

6,207

3,607

0

0

-

-

-

-

-

-

Property and equipment impairment due to restructuring

-

-

-

-

-

-

6,975

0

0

-

-

Stock-based compensation expense

7,161

5,040

4,675

3,007

3,495

3,725

2,438

1,959

2,363

2,517

2,404

Deferred income taxes

-1,830

2,042

-15,411

3,519

-29,110

345

-1,551

1,098

-6,652

-495

-

Excess tax benefits from stock-based compensation

-

-

-

248

626

140

0

0

-

9

-

Deferred income tax (benefit) expense

-

-

-

-

-

-

-

-

-

-

1,819

Income tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

304

-

Recovery of doubtful accounts

-

-

-

-

-

-

-

-78

3

155

-

Provision for doubtful accounts

186

267

373

112

-

-

-

-

-

-

-

Provision for doubtful accounts

-

-

-

-

132

-237

-77

-

-

-

-

Noncash loss on extinguishment of debt

-180

-926

0

0

-4,970

0

0

-

-

-

-

Income tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

115

Recovery of doubtful accounts

-

-

-

-

-

-

-

-

-

-

-1,124

Other

-942

-11,659

1,182

7,204

-5,628

5,713

-5,337

-181

22

-88

525

Changes in Assets and Liabilities:
Accounts receivable

-2,380

-7,495

-2,720

-3,220

-4,444

-1,086

-5,468

1,204

3,990

-584

-2,836

Contract assets

20,005

86,665

0

0

-

-

-

-

-

-

-

Contract assets

20,005

86,665

0

0

-

-

-

-

-

-

-

Unbilled receivables increase

-

-

-

-

-

-

-

-

-

-351

-2,867

Inventories

8,491

-23,243

533

5,182

-20,985

2,335

-6,962

-5,870

4,828

4,848

-5,321

Production cost of contracts

1,079

1,569

267

1,536

-330

3,513

5,101

-

-

-

-

Production cost of contracts

-

-

-

-

-

-

-

1,324

3,451

5,215

-

Production cost of contracts - (increase)

-

-

-

-

-

-

-

-

-

-

-4,794

Other assets

-1,358

-1,881

-40

-2,974

-5,884

-4,800

12,173

-6,829

-602

-3,026

-356

Accounts payable

11,620

18,496

-4,015

15,055

-13,978

410

4,533

-8,097

-12,323

491

4,076

Contract liabilities

-2,628

17,145

0

0

-

-

-

-

-

-

-

Contract liabilities

-2,628

17,145

0

0

-

-

-

-

-

-

-

Accrued and other liabilities

-

-

-

-

-20,623

6,103

-9,153

-4,892

2,846

3,573

-

Accrued and other liabilities

-2,198

5,739

2,505

-966

-

-

-

-

-

-

-

Accrued and other liabilities - (decrease)

-

-

-

-

-

-

-

-

-

-

-19,208

Net Cash Used in Operating Activities

51,031

46,237

35,434

43,268

23,678

53,422

45,962

47,534

-3,002

26,471

30,812

Cash Flows from Investing Activities
Purchases of property and equipment

18,290

17,617

27,610

17,001

15,891

18,096

12,403

15,813

14,536

7,106

7,689

Proceeds from sale of assets

3

396

913

16

904

91

139

31

470

2

2

Insurance recoveries related to property and equipment

0

0

288

0

1,510

2,550

0

0

-

-

-

Proceeds from divestitures

-

-

-

51,893

0

0

-

-

-

-

-

Payments to Acquire Businesses, Net of Cash Acquired

0

0

59,798

0

0

-

-

-

325,715

-

-

Payments for acquisition of Certified Thermoplastics Co., LLC, net of cash acquired

0

30,712

0

0

-

-

-

-

-

-

-

Payments for acquisition of Nobles Worldwide, Inc. net of cash acquired

76,647

0

0

-

-

-

-

-

-

-

-

Net Cash Used in Investing Activities

-94,934

-47,933

-86,207

34,908

-13,477

-15,455

-12,264

-15,782

-339,781

-7,104

-7,687

Cash Flows from Financing Activities
Borrowings from senior secured revolving credit facility

298,400

296,400

395,900

71,800

-

-

-

-

-

-

-

Repayments of senior secured revolving credit facility

298,400

354,500

337,800

71,800

-

-

-

-

-

-

-

Borrowings from term loans

140,000

240,000

0

0

65,000

0

0

-

-

-

-

Repayments of term loans

63,000

167,000

10,000

75,000

65,000

42,650

33,024

-

-

-

-

Borrowings from term loan

-

-

-

-

275,000

0

0

-

-

-

-

Repayments of term loan

-

-

-

-

320,000

0

0

-

-

-

-

Proceeds from senior secured revolving credit facility

-

-

-

-

-

-

-

-

390,000

-

-

Repayments of other debt

169

0

3

23

26

0

0

26,478

1,276

24,956

-

Repayments of debt

-

-

-

-

-

-

-

-

-

-

2,454

Borrowings of senior notes and term loan

-

-

-

-

-

-

-

-

-

-

0

Cash dividends paid

-

-

-

-

-

-

-

-

790

3,147

3,141

Debt issuance costs

1,135

3,541

0

0

4,848

0

365

0

14,025

-

1,409

Excess tax benefits from stock-based compensation

-

-

-

248

626

140

0

0

-

9

-

Net cash paid upon issuance of common stock under stock plans

2,472

1,550

2,606

1,423

1,126

-1,356

-

-

-

-

-

Repurchase of stock

-

-

-

-

-

-

-

-

-

-

938

Net proceeds from issuance of common stock under stock plans

-

-

-

-

-

-

1,968

-186

55

366

-62

Net Cash Provided by (Used in) Financing Activities

73,224

9,809

45,491

-76,198

-50,374

-41,154

-31,421

-26,664

373,964

-27,728

-8,004

Net Increase (Decrease) in Cash and Cash Equivalents

29,321

8,113

-5,282

-

-

-

-

-

-

-

-

Net (Decrease) Increase in Cash and Cash Equivalents

-

-

-

1,978

-40,173

-3,187

2,277

5,088

31,181

-8,361

15,121

Interest paid

-

-

-

-

-

25,105

27,614

31,505

5,950

1,799

2,222

Taxes paid

-

-

-

-

-

3,476

7,835

1,953

4,512

2,546

-

Purchases of property and equipment not yet paid

-

-

-

-

-

1,458

1,000

0

-

-

-

Taxes paid

-

-

-

-

-

-

-

-

-

-

6,960