Us ecology, inc. (ECOL)
CashFlow / Quarterly
Jun'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

15,491

8,043

13,705

13,427

13,220

9,243

30,766

8,365

5,049

5,185

-

-

-

7,517

7,704

9,904

2,138

5,865

8,678

13,332

6,865

9,361

9,207

10,328

7,210

5,406

6,112

8,662

6,362

4,523

6,699

3,726

4,685

3,260

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization of property and equipment

9,154

8,100

8,216

7,342

7,049

6,600

7,295

7,386

6,988

6,633

6,743

6,455

6,202

5,904

6,205

6,591

7,656

7,479

7,683

8,318

4,573

3,839

4,023

3,721

3,632

3,439

3,694

3,428

3,571

3,223

4,022

3,605

3,226

3,080

Amortization of intangible assets

2,874

2,800

2,720

2,327

2,298

2,300

2,302

2,300

2,616

2,670

2,668

2,651

2,646

2,610

2,749

2,952

3,304

3,302

2,974

4,018

863

352

369

363

362

367

373

372

374

350

343

358

363

355

Accretion of closure and post-closure obligations

1,133

1,125

465

1,087

1,081

1,074

-219

1,090

1,082

1,073

872

1,032

1,025

1,024

1,376

1,131

1,042

1,035

981

959

386

330

314

314

306

307

349

348

335

335

322

323

324

323

Property and equipment impairment charges

0

25

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized foreign currency loss (gain)

131

371

-312

323

-568

-654

-217

1,075

257

168

-446

-304

-161

846

-531

-1,230

244

-1,754

-974

-1,130

1,129

-1,452

-1,083

694

-1,343

-1,057

-634

1,784

-951

1,201

893

-3,818

298

1,303

Deferred income taxes

-785

-2,905

-1,176

-4,703

423

-450

24,298

-368

1,558

-179

-128

1,492

641

699

-1,301

919

1,903

1,193

372

-312

-2,555

460

991

-19

949

716

-74

-433

1,556

-338

191

1,594

-20

-670

Share-based compensation expense

1,245

1,222

1,094

1,193

1,011

1,068

979

995

1,041

918

743

604

783

795

561

647

626

463

381

344

255

270

264

238

217

146

282

181

180

203

214

210

210

203

Unrecognized tax benefits

0

-131

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

904

-431

4

3

3

3

4

3

3

3

4

3

-

-

-

-

Net loss (gain) on disposition of assets

-130

272

-427

68

6

-17

-121

-42

-26

-219

341

250

-39

17

194

-27

45

-953

-335

-67

-11

-8

-158

-2

-51

41

-47

14

42

-22

-88

-73

-24

-2

Gain on insurance proceeds from damaged property and equipment

4,500

4,653

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization and write-off of debt issuance costs

205

204

203

202

203

202

203

202

5,100

504

423

518

427

638

2,927

500

501

500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization and write-off of debt discount

-

-

-

-

-

-

0

0

630

37

37

37

37

37

37

37

37

37

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Receivables

-

-16,577

-

-

-

-14,947

-6,281

5,656

17,477

-2,991

-2,199

-2,100

5,609

-12,222

5,656

9,731

-2,809

-14,143

-16,538

25,599

-3,402

-1,259

3,190

6,536

2,155

-1,473

-144

2,833

6,785

-7,624

992

-1,483

5,687

-8,789

Income taxes receivable

-1,939

1,487

-806

5,027

2,278

573

-2,529

428

25

-2,045

3,145

-2,541

2,382

-943

1,730

-232

-4,099

-2,229

-

-

-

-

-

-

-

-

0

4

-149

-42

157

-44

-177

252

Other assets

1,909

-525

-1,168

2,443

-880

792

-1,310

-1,400

3,621

417

-754

877

-907

-365

-450

2,089

-813

-1,560

-2,298

2,801

1,300

-882

-430

270

1,295

-732

464

-177

324

66

-635

-758

384

294

Accounts payable and accrued liabilities

12,339

-11,935

3,083

932

14,449

-4,163

-4,162

355

8,396

-2,577

-1,175

-5,688

-1,443

571

-1,225

985

40

-6,281

-5,327

4,796

-205

-2,142

669

2,587

-1,027

-556

1,313

214

-2,732

-967

488

1,946

1,595

-1,149

Deferred revenue

2,465

-47

-1,520

1,809

1,469

301

-3,611

-542

2,733

2,037

1,661

-722

241

-1,461

922

718

-1,696

-4,393

1,499

2,740

-1,185

-1,164

2,633

970

325

1,269

62

-524

707

-295

-537

473

-494

537

Accrued salaries and benefits

1,392

-3,417

900

3,893

115

-2,432

744

3,105

-305

-124

-990

-661

2,909

-2,122

976

-226

1,605

-3,256

2,720

-177

222

-1,994

1,117

845

720

-3,106

1,054

1,182

1,219

-1,526

906

606

1,024

-1,147

Income taxes payable

2

-517

-628

21

-3,120

215

2,809

1,227

-54

-61

-14

14

-3,194

3,243

-1,601

-3,156

1,820

-981

1,892

743

-3,807

783

1,339

2,170

-2,946

3,528

-1,598

-246

-135

896

540

901

-1,763

-784

Closure and post-closure obligations

305

470

874

443

295

288

518

591

415

271

449

-816

376

472

1,293

2,250

1,553

583

303

515

250

114

-34

368

-422

1,043

1,738

358

104

82

355

287

69

81

Net cash provided by operating activities

20,350

18,524

25,989

7,486

19,180

28,830

30,338

18,543

9,949

20,873

17,590

17,669

8,462

30,252

14,582

6,583

27,749

22,633

40,188

10,682

7,834

12,665

17,462

14,479

5,433

12,265

10,341

9,237

2,174

13,422

11,157

16,872

2,953

12,209

Cash flows from investing activities:
Purchases of property and equipment

17,434

7,223

14,966

10,831

7,402

7,558

9,886

8,802

10,401

7,151

13,146

8,062

7,269

7,219

13,677

6,317

10,145

9,231

10,524

9,252

3,883

4,775

5,783

3,060

5,778

6,752

3,333

6,690

3,357

2,386

2,603

1,819

1,587

4,087

Insurance proceeds from damaged property and equipment

4,500

5,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of restricted cash and investments

-

-

-

-

-

-

-

-

-

-

-

-3

990

53

1,227

8

24

816

1,020

10

16

14

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of restricted cash and investments

-

-

-

-

-

-

-

-

-

-

-

5

967

6

1,253

-13

27

790

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of property and equipment

53

459

186

166

99

42

17

871

46

40

467

428

40

56

544

90

154

160

81

101

13

6

104

12

0

52

-267

296

103

66

41

24

22

11

Purchases of restricted investments

377

23

350

175

0

498

400

0

398

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of restricted investments

-

-

327

152

14

417

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-12,904

-1,787

-101,932

-31,941

-7,289

-7,597

-8,523

-7,935

-10,347

-7,113

-12,067

-12,675

-9,463

-7,210

45,621

-6,248

-9,988

-9,097

-5,427

-8,499

-469,781

-4,783

-5,665

-3,048

-5,778

-6,700

-3,600

-5,909

-14,477

-2,320

-2,562

-1,795

-1,565

-4,076

Cash flows from financing activities:
Payments on long-term debt

0

30,000

-

-

-

-

0

0

282,314

4,726

628

5,824

738

10,764

-

-

11,941

21,994

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on short-term borrowings

10,053

4,331

-

-

-

-

0

0

0

13,438

16,682

8,380

15,232

6,934

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from short-term borrowings

7,935

6,449

-

-

-

-

0

0

0

11,260

16,556

6,717

19,198

6,934

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on reducing revolving line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,000

-

4,500

4,000

8,500

10,000

14,000

2,900

12,500

Proceeds from reducing revolving line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,000

19,000

3,000

2,500

4,000

5,400

5,000

Dividends paid

3,972

3,970

3,965

3,955

3,946

3,938

3,933

3,929

3,926

3,923

3,919

3,919

3,917

3,918

3,912

3,908

3,898

3,894

3,892

3,890

3,876

3,874

-

-

-

-

6,582

3,285

3,283

3,282

3,281

3,280

3,277

3,275

Deferred financing costs paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50

0

8

177

-

-

-

-

-

-

-

-

Payment of equipment financing obligations

209

199

122

109

109

108

109

92

91

85

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

-

-

0

956

740

731

0

441

113

496

-

-

-

-

159

622

916

126

97

25

1,246

174

269

82

1,060

1,050

-

-

-

44

-

-

-

-

Other

1

-915

-1

-1

0

-312

0

-44

-3

-74

-1

-26

63

-225

47

269

-7

-255

2

-1

270

-65

57

-319

259

2

-44

-1

29

-287

216

96

-2

-3

Net cash used in financing activities

-6,298

-32,966

82,912

-3,109

-3,315

-3,627

-4,042

-6,591

-5,221

-10,490

-4,853

-11,327

-502

-14,907

-63,481

-3,930

-14,930

-26,017

-22,139

-4,904

397,601

-3,765

57,874

-11,068

-3

-3,125

-10,091

-3,786

11,702

-9,025

-10,423

-13,184

-779

-10,778

Effect of foreign exchange rate changes on cash

443

393

-1,055

324

-414

-488

48

328

231

29

-103

-73

10

158

-83

-132

49

-293

-572

-155

225

-139

-109

33

-181

-49

-54

77

108

32

58

-102

-50

12

Increase (decrease) in Cash and cash equivalents and restricted cash

1,591

-15,836

5,914

-27,240

8,162

17,118

17,821

4,345

-5,388

3,299

567

-6,406

-1,493

8,293

-3,361

-3,727

2,880

-12,774

12,050

-2,876

-64,121

3,978

69,562

396

-529

2,391

-3,404

-381

-493

2,109

-1,770

1,791

559

-2,633

Supplemental Disclosures:
Income taxes paid, net of receipts

3,609

2,085

-

4,217

10,196

3,429

-

3,470

4,918

886

-

5,397

11,973

1,230

-

10,729

4,753

3,241

-

4,213

8,347

4,934

-

2,790

8,299

378

-

5,007

5,536

1,612

-

2,077

4,464

2,692

Interest paid

3,388

3,462

-

2,713

2,734

2,554

-

2,550

2,813

3,618

-

3,992

3,558

3,880

-

4,542

4,885

4,979

-

4,021

84

40

-

180

183

184

-

198

182

236

-

351

377

258

Non-cash investing and financing activities:
Closure and post-closure retirement asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2,863

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures in accounts payable

-78

912

-

2,191

248

245

-

-947

225

1,766

-

1,452

-108

2,511

-

1,616

-308

2,112

-

1,050

909

419

-

2,022

-1,141

1,645

-

-1,473

1,530

916

-

-60

-19

947

Restricted stock issued from treasury shares

-

-

-

0

0

11

-

-

-

-

-

0

260

155

-

20

0

272

-

267

161

118

-

85

150

629

-

0

125

247

-

0

125

299