Dxp enterprises inc (DXPE)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss) Attributable to Parent

36,035

35,632

16,888

7,702

-38,536

-45,238

60,237

50,985

31,437

19,381

-42,412

Net Income (Loss) Attributable to Noncontrolling Interest

-260

-111

-359

-551

-534

0

0

-

-

-

-

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

35,775

35,521

16,529

7,151

-39,070

-45,238

60,237

-

-

-

-

Reconciliation of net income to net cash used in operating activities:
Depreciation

10,100

9,600

10,500

11,900

12,622

12,598

9,830

7,196

3,510

3,744

4,260

Amortization of intangible assets

15,074

16,600

17,300

18,100

20,621

22,480

11,830

10,886

6,572

5,824

7,216

Write off of debt issuance costs

0

60

578

0

0

-

-

-

-

0

-

Gain on sale of property and equipment

9

1,330

0

0

-

-

-

-

-

188

0

Goodwill and other intangible impairment

-

-

-

-

-

-

-

-

-

-

52,951

Impairment of goodwill

-

-

-

-

68,735

117,569

0

0

-

-

13,800

Bad debt expense

139

2,368

3,416

180

2,014

2,365

2,018

1,283

-

-

-

Payment of contingent consideration liability in excess of acquisition-date fair value

106

0

0

-

-

-

-

-

-

-

-

Fair value adjustment on contingent consideration

54

313

0

0

-

-

-

-

-

-

-

Amortization of debt issuance costs

1,875

1,743

1,548

1,856

1,211

1,157

793

654

0

-

-

Gain on reversal of earn-out

-

-

-

-

-

-

2,805

0

0

-

-

Compensation expense for restricted stock

-

-

-

-

-

-

2,832

1,955

1,256

973

-

Gain on sale of subsidiary

-

-

-

5,635

0

0

-

-

-

-

-

Stock compensation expense

1,963

2,549

1,708

3,580

2,973

3,560

-

-

-

-

1,555

Tax loss related to vesting of restricted stock

-

-

-

-619

0

960

958

680

198

215

266

Deferred income taxes

1,110

1,004

-3,827

2,687

-9,024

-12,122

2,834

1,230

2,426

3,353

-16,678

Changes in operating assets and liabilities
Trade accounts receivable

-5,560

22,487

20,539

-12,080

-71,261

14,002

6,683

3,261

21,548

14,528

-24,125

Costs and estimated profits in excess of billings

-92

5,640

8,419

-3,457

2,047

-405

2,857

-

-

-

-

Inventories

14,447

20,838

7,544

-5,453

-12,724

1,913

-3,860

3,470

4,258

-2,028

-32,716

Prepaid expenses and other assets

-5,110

-188

3,287

-620

-159

-1,948

-1,422

2,211

2,617

-1,165

1,665

Trade accounts payable and accrued expenses

-15,407

7,093

3,189

-8,595

-42,862

11,099

-6,380

-13,361

9,248

2,371

-24,027

Billings in excess of costs and estimated profits

1,142

6,522

1,406

-5,203

513

-2,359

-511

-

-

-

-

Other long-term liabilities

-6,718

2,610

0

0

-

-

-

-

-

-

-

Net cash used in operating activities

41,307

35,840

12,544

48,244

98,804

100,495

82,198

51,206

25,828

23,908

51,575

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment

22,120

9,323

2,811

4,868

13,992

11,104

7,745

14,110

4,096

1,184

1,593

Proceeds from the sale of property and equipment

35

2,558

0

1,206

0

0

-

-

-

1,428

16

Proceeds from sale of subsidiary

-

-

-

31,476

0

0

-

-

-

-

-

Payments to Acquire Businesses, Gross

0

10,811

0

0

-

-

-

-

-

-

-

Sale of investments

-

-

-

-

-

-1,688

68

105

1,572

0

0

Acquisition of business, net of cash acquired

-

-

-

-

15,501

300,844

61,195

144,879

18,434

18,394

491

Net cash used in investing activities

-22,085

-17,576

-2,811

27,814

-29,493

-310,260

-69,008

-159,094

-24,102

-18,150

-2,068

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from debt

0

0

728,822

517,689

393,551

744,050

458,446

465,163

224,307

141,216

133,716

Principal debt payments

4,341

3,381

702,402

643,568

453,480

527,030

-

-

-

-

-

Debt issuance costs

0

60

11,208

801

543

1,823

0

-

-

-

-

Payment for contingent consideration liability

1,394

0

0

-

-

-

-

-

-

-

-

Non-controlling interest holder contributions (distributions), net of tax benefits

0

950

0

-

2,346

0

0

-

-

-

-

Non-controlling interest holder (distributions), net of tax benefits

-

-

-

335

-

-

-

-

-

-

-

Dividends paid

90

90

90

90

90

90

90

90

90

90

90

Purchase of treasury stock

-

-

-

-

8,908

11,855

304

3,422

1,445

0

0

Principal payments on revolving line of credit and other long-term debt

-

-

-

-

-

-

-501,990

-345,231

-223,959

-148,798

-186,763

Proceeds from issuance of common shares, net

-

-

-

51,889

0

0

24,358

0

0

-

-

Payment for employee taxes withheld from stock awards

267

340

934

238

815

-

-

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

125

10

Tax (loss) related to vesting of restricted stock

-

-

-

-619

0

960

958

680

198

215

266

Net cash used in financing activities

-6,092

-2,921

14,188

-76,073

-67,939

204,212

-18,622

117,100

-989

-7,332

-52,861

Effect of foreign currency on cash

676

-403

68

-88

274

131

446

-264

0

0

-

Net change in cash and restricted cash

13,806

14,940

23,989

-103

1,646

-5,422

-4,986

8,948

737

-1,574

-3,354

SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest

17,623

19,134

15,205

13,708

9,721

11,641

5,489

4,285

3,490

5,240

5,338

Cash paid for income taxes

13,318

8,301

714

4,780

13,792

28,784

35,697

32,311

14,190

8,342

15,053

Cash received from Income Tax Refunds

-

-

-

-

-

-

-

-

-

250

73