Dxp enterprises inc (DXPE)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss) Attributable to Parent

5,710

2,176

13,109

13,459

7,291

11,122

8,397

11,562

4,551

6,654

2,966

4,135

3,133

7,381

263

5,170

-5,112

-2,919

-52,435

7,167

9,651

-88,074

16,989

14,884

10,963

16,904

16,352

13,749

13,232

14,070

13,092

12,177

11,646

9,210

8,274

7,610

6,343

Net Income (Loss) Attributable to Noncontrolling Interest

-62

-88

41

-109

-104

-20

-35

1

-57

1

-55

-166

-139

-250

-81

-84

-136

-285

-249

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

5,648

2,088

13,150

13,350

7,187

11,102

8,362

11,563

4,494

6,655

2,911

3,969

2,994

7,131

182

5,086

-5,248

-3,204

-52,684

7,167

9,651

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

2,828

2,830

2,616

2,262

2,392

2,465

2,408

2,371

2,356

2,845

2,500

2,456

2,699

2,830

3,073

2,979

3,018

3,614

3,089

3,018

2,901

3,179

3,342

3,093

2,984

2,896

2,229

2,457

2,248

2,352

2,825

1,105

914

795

983

947

785

Amortization of intangible assets

3,197

3,651

3,806

3,803

3,814

4,025

4,098

4,119

4,358

4,357

4,336

4,291

4,316

4,543

4,519

4,510

4,528

4,714

5,240

5,309

5,358

8,606

2,637

5,660

5,577

2,609

3,434

3,145

2,642

2,622

3,474

2,556

2,234

1,767

1,595

1,604

1,606

Write off of debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-967

0

572

395

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of property and equipment

0

0

1

0

8

12

0

1,318

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bad debt expense

28

214

153

-286

58

-265

918

886

829

1,950

465

486

515

-1,296

490

581

405

712

385

401

516

885

502

454

524

-

-

-

-

-

-

-

-

-

-

-

-

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

0

0

0

0

106

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value adjustment on contingent consideration

13

-47

35

33

33

313

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt issuance costs

468

469

470

468

468

406

405

470

462

477

443

438

190

1,183

196

147

330

330

303

289

289

289

290

289

289

-

-

-

-

-

-

-

-

-

-

-

-

Compensation expense for restricted stock

-

-

-

-

-

-

-

-

-

-

-

477

533

-

691

487

766

-

747

745

812

-

922

1,047

685

682

710

716

724

464

537

523

431

328

327

321

280

Stock compensation expense

904

461

473

524

505

526

526

761

736

316

859

533

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax loss related to vesting of restricted stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,238

1,184

-4

-561

33

-23

36

-46

194

24

105

637

386

32

167

373

168

264

85

163

4

97

0

97

Deferred income taxes

928

-1,227

1,411

204

722

764

22

397

-179

-5,827

2

1,198

800

2,808

-859

-2,794

3,532

-920

-8,117

-1,249

1,262

-15,436

5,239

1,232

-3,157

6,800

-511

-635

-2,820

-744

2,272

-193

-105

167

351

387

1,521

Changes in operating assets and liabilities
Trade accounts receivable

5,183

-23,141

179

12,367

5,035

9,262

-1,244

18,422

-3,953

4,142

4,629

3,343

8,425

-2,115

-5,482

-934

-3,549

-23,049

-6,580

-18,044

-23,588

-15,280

-13,894

25,166

18,010

2,787

6,601

-17,129

14,424

-13,278

5,585

1,472

9,482

82

6,522

3,991

10,953

Costs and estimated profits in excess of billings

3,381

-1,463

-1,582

-2,675

5,628

-5,901

490

2,409

8,642

2,718

4,921

0

780

1,610

-2,943

1,408

-3,532

1,550

-5,486

2,643

3,340

6,887

4,121

-4,903

-6,510

-

-

-

-

-

-

-

-

-

-

-

-

Inventories

2,215

-2,592

3,925

6,223

6,891

-1,630

5,750

7,611

9,107

3,717

-3,087

6,319

595

365

-168

-7,451

1,801

-4,166

-2,489

-3,051

-3,018

-886

5,431

-1,591

-1,041

-4,110

-199

2,152

-1,703

681

-598

2,490

897

1,033

1,450

-1,413

3,188

Prepaid expenses and other assets

1,933

-3,324

5,509

-3,906

-3,389

-438

864

85

-699

925

439

-36

1,959

-1,228

-537

-501

1,646

-1,548

-1,775

983

2,181

-4,333

-196

3,217

-636

267

469

-210

-1,948

423

1,320

-99

567

1,303

-165

900

579

Trade accounts payable and accrued expenses

6,048

-9,106

-7,212

-174

1,085

2,802

3,476

1,506

-691

3,543

-4,333

7,639

-3,660

-35

5,174

1,872

-15,606

-20,312

-1,859

-2,302

-18,389

-3,367

7,916

-3,900

10,450

-19,408

13,339

-12,363

12,052

-2,110

-19,828

-14,053

22,630

-2,411

-1,502

1,159

12,002

Billings in excess of costs and estimated profits

-7,327

-2,382

-1,250

7,288

-2,514

7,842

-2,470

1,074

76

1,595

-291

1,284

-1,182

-9,374

-1,658

1,924

3,905

-1,371

1,346

-1,012

1,550

-457

-755

1,648

-2,795

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

-1,635

-697

2,825

-4,065

-4,781

-1

0

2,611

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in operating activities

-1,612

33,822

10,945

1,850

-5,310

25,998

16,825

-6,175

-808

4,017

673

10,044

-2,190

12,528

24,308

18,998

-7,590

24,001

20,999

31,823

21,981

37,622

43,106

-883

20,650

14,527

28,650

22,089

16,932

29,943

-3,545

-1,833

26,641

7,434

2,124

8,550

7,720

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment

3,235

7,873

5,663

6,272

2,312

1,618

2,189

4,725

791

654

1,039

517

601

1,025

913

1,240

1,690

2,273

5,203

2,942

3,574

3,032

3,372

3,016

1,684

1,356

1,884

2,145

2,360

1,034

3,095

9,129

852

620

845

2,144

487

Proceeds from the sale of property and equipment

0

0

1

5

29

12

-154

2,700

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sale of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,376

0

3,376

-1,688

68

0

0

0

-

-

-

-

-

-

-

-

Acquisition of business, net of cash acquired

14,153

-

0

0

0

-

20

956

9,836

-

0

0

0

-

-

-

-

-

-

-

-

-2

-251

14,054

287,043

-226

19,837

41,584

0

7,032

64,362

31,072

42,413

18,434

0

0

0

Equity method investment contribution

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-786

0

4,000

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-17,388

-7,873

-5,662

-6,267

-2,283

-1,605

-2,363

-2,981

-10,627

-654

-1,039

-517

-601

33,673

1,071

-1,240

-5,690

-2,273

-15,704

-7,942

-3,574

-3,030

-3,121

-13,694

-290,415

-1,130

-21,721

-43,797

-2,360

-8,171

-67,457

-40,201

-43,265

-20,626

-845

-2,144

-487

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from debt

-

-

-

-

-

-

-

-

-

0

333,856

202,075

192,891

193,460

105,210

109,731

109,288

83,261

103,804

83,135

123,351

97,149

105,113

161,349

380,439

96,222

120,726

146,771

94,727

122,132

241,853

40,855

60,323

76,612

43,560

65,092

39,043

Principal debt payments

625

625

2,016

851

849

847

846

844

844

841

301,920

209,114

190,527

287,071

133,657

126,839

96,001

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Costs for registration of common shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10

216

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs

-

-

-

-

-

0

0

22

38

20

10,808

360

20

185

616

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment for contingent consideration liability

0

0

0

0

1,394

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

32

103

84

149

50

53

83

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid

23

22

23

22

23

22

23

22

23

22

23

22

23

22

23

22

23

22

23

22

23

22

23

22

23

22

23

22

23

22

23

22

23

22

23

22

23

Purchase of treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

8,908

5,084

0

6,771

0

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-104,773

-108,457

-130,016

-

-147,295

-140,055

-104,454

-137,739

-131,691

-119,727

-112,833

-142,767

-165,212

4,572

-41,824

-63,309

-43,194

-73,684

-43,772

Payment for employee taxes withheld from stock awards

94

1

138

84

44

8

196

82

54

86

252

558

38

0

35

94

109

782

23

-36

46

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax (loss) related to vesting of restricted stock

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-54

-4

-561

-

-

-

-

194

24

105

637

386

32

167

373

168

264

85

163

4

97

0

97

Net cash used in financing activities

-742

-648

-2,177

-957

-2,310

73

-1,065

-970

-959

-750

20,821

-8,082

2,199

-48,037

-23,040

-17,291

12,295

-27,925

936

-25,308

-15,642

-44,812

-42,181

14,606

276,599

-16,795

-10,956

26,885

-17,756

-22,865

76,223

45,103

18,639

13,014

-734

-8,614

-4,655

Effect of foreign currency on cash

-1,730

463

-98

199

112

-337

105

-31

-140

-121

153

39

-3

-3

3

-2

-86

-247

418

506

-403

344

26

-67

-172

596

204

-318

-36

-632

368

0

0

-

-

-

-

Net change in cash and restricted cash

-21,472

25,764

3,008

-5,175

-9,791

24,129

13,502

-10,157

-12,534

2,492

20,608

1,484

-595

-1,839

2,342

465

-1,071

-6,444

6,649

-921

2,362

-9,876

-2,170

-38

6,662

-2,802

-3,823

4,859

-3,220

-1,725

5,589

3,069

2,015

-178

545

-2,208

2,578