FRANKLIN ELECTRIC CO., INC. FELE Cash Flow

Franklin electric co., inc. (FELE)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Cash flows from operating activities:
Net income
96,000	105,500	78,593	79,315	73,691	70,852	82,698	83,738	63,723	39,918	23,983	44,662
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization
36,977	38,604	38,506	35,534	35,476	37,210	31,356	28,335	25,295	24,040	25,385	24,164
Non-cash lease expense
11,699	0	0	-	-	-	-	-	-	-	-	-
Share-based compensation
8,957	8,450	7,109	6,889	5,626	7,471	4,875	6,253	3,970	4,273	4,976	3,683
Income taxes-U.S. Tax Cuts and Jobs Act
0	0	10,198	0	0	-	-	-	-	-	-	-
Deferred income taxes
-2,566	-5,164	-6,311	2,978	-6,802	-2,415	1,707	8,571	3,867	9,699	-1,543	12,395
Loss on disposals of plant and equipment
-891	-311	-1,572	-751	-1,542	-1,351	-288	216	-2,781	1,632	-3,283	176
Gain on equity investment
-	-	-	-	2,723	0	0	12,212	0	0	-	-
Gain on equity investment
0	0	5,165	0	0	-	-	-	-	-	-	-
Asset impairment
-	-	-	-	-	-	1,251	583	200	2,420	0	0
Foreign exchange income
-1,641	-706	1,025	1,057	-869	-999	-3,331	-1,662	-1,422	-967	0	0
Excess tax from share-based payment arrangements
-	-	-	-	932	2,463	5,153	5,246	2,495	1,321	144	-856
Changes in assets and liabilities, net of acquisitions:
Receivables
-1,076	8,194	-9,948	21,334	-3,444	29,064	16,729	9,603	926	3,588	-15,968	-2,750
Inventory
-17,228	4,775	46,372	7,636	-9,350	32,782	7,612	23,706	-3,923	-13,519	-48,168	-15,611
Accounts payable and accrued expenses
6,770	1,677	-11,071	11,782	-19,744	22,852	2,126	5,330	6,827	21,373	-6,798	-7,693
Operating Leases
-11,698	0	0	-	-	-	-	-	-	-	-	-
Income taxes
6,449	-1,771	-2,513	4,709	5,575	-14,135	7,009	-1,077	3,309	-2,923	7,872	-8,973
IncreaseDecreaseinTCJATaxPayable
0	-6,510	0	0	-	-	-	-	-	-	-	-
Employee benefit plans
-1,443	-2,291	-2,529	-1,049	-2,455	-6,834	-7,586	-5,877	-10,769	-6,745	-1,604	-215
Other, net
-5,696	-1,875	4,186	-4,492	3,314	5,693	-713	6,344	1,206	5,385	6,961	-4,534
Net cash flows from operating activities
177,676	128,435	66,754	115,374	99,603	47,349	98,274	70,191	99,921	94,615	112,585	44,448
Cash flows from investing activities:
Additions to property, plant, and equipment
21,855	22,432	33,484	39,136	26,171	35,525	67,557	39,312	21,846	13,709	12,039	25,641
Proceeds from sale of property, plant, and equipment
866	724	211	6,028	202	1,608	138	2,286	324	1,769	73	21
Purchases of securities
-	-	-	-	-	-	-	-	-	-	-	9,000
Proceeds from sale of securities
-	-	-	-	-	-	-	-	-	-	-	9,000
Cash paid for acquisitions, net of cash acquired
20,827	44,971	51,783	1,007	3,761	35,599	3,513	64,359	25,143	11,785	16,767	38,380
Additional consideration for prior acquisition
-	-	-	-	127	0	0	-	7,765	0	0	-
Additions to intangibles
-	-	-	-	-	-	-	-	1,216	439	5	965
Cash paid for minority equity investments
-	-	-	-	-	6,716	5,700	0	0	-	-	-
Other, net
-10	-387	-355	-346	-274	1,490	-180	255	-	-	-	-
Loan to customer
-	-	-	-	-	-	-	-	3,318	0	0	-
Proceeds from loan to customer
-	-	-	-	-	-	-	-	265	0	0	-
Net cash flows from investing activities
-41,806	-66,292	-84,701	-33,769	-29,583	-77,722	-76,452	-101,640	-65,755	-24,164	-28,738	-64,965
Cash flows from financing activities:
Proceeds from issuance of debt
264,389	232,638	193,358	64,681	233,486	98,394	70,299	71,988	19,841	0	28,000	70,000
Repayment of debt
355,332	251,623	191,476	95,066	189,910	117,217	45,254	76,424	19,917	1,218	64,212	46,236
Proceeds from issuance of common stock
3,194	8,999	4,497	5,243	2,050	2,929	14,068	15,432	8,910	5,015	666	3,446
Excess tax from share-based payment arrangements
-	-	-	-	932	2,463	5,153	5,246	2,495	1,321	144	856
Purchases of common stock
10,741	34,188	3,621	7,422	48,579	10,610	12,364	21,689	13,910	7,242	0	7,816
Dividends paid
27,671	22,612	20,289	19,137	18,926	17,421	15,294	13,811	12,890	12,334	11,890	11,369
Purchase of redeemable noncontrolling shares
487	0	5,047	0	0	2,875	0	0	7,056	0	0	-
Payments to Noncontrolling Interests
-	-	-	-	20,200	0	0	-	-	-	-	-
Payment of contingent consideration liability
-	-	-	-	-	-	5,555	0	0	-	-	-
Net cash flows from financing activities
-126,648	-66,786	-22,578	-51,701	-41,147	-44,337	11,053	-19,258	-15,471	-14,458	-47,292	8,881
Effect of exchange rate changes on cash
-3,990	-3,417	3,427	-7,134	-6,453	-702	-1,660	708	-5,428	-2,798	3,386	-6,682
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total
5,232	-8,060	-37,098	22,770	22,420	-75,412	31,215	-49,999	13,267	53,195	39,941	-18,318
Cash paid for income taxes, net of refunds
16,949	27,025	25,810	22,296	14,264	29,066	19,062	22,635	13,841	13,901	15,657	22,345
Cash paid for interest
8,388	10,792	9,373	8,965	10,211	10,850	10,159	11,491	10,504	9,693	9,522	11,234
Non-cash items:
Additions to property, plant, and equipment, not yet paid
1,509	1,158	168	366	960	1,030	1,112	3,265	187	889	1,822	185
Right-of-Use Assets obtained in exchange for new operating lease liabilities
4,922	0	0	-	-	-	-	-	-	-	-	-
Payable to sellers of acquired entities
845	1,000	0	-	24	267	-	-	-	-	-	-
Payable to seller of Healy Systems, Inc.
-	-	-	-	-	-	-	-	-	-	-	569
Payable to seller of Western Pump, LLC
-	-	-	-	-	-	-	-	-	-	-	77
Capital equipment lease
-	-	-	-	-	-	-	-	-	-	-	925
Stock option exercises forfeitures, or stock retirements
-	-	-	-	-	-	-	-	-	-	291	0
Bombas Leao S.A.
Noncash or Part Noncash Acquisition, Payables Assumed
-	-	-	24	-	-	-	-	-	-	-	-
Noncash or Part Noncash Acquisition, Payables Assumed
-	-	-	24	-	-	-	-	-	-	-	-
Industrias Rotor Pump S.A.
Noncash or Part Noncash Acquisition, Payables Assumed
-	-	-	0	-	-	-	-	-	-	-	-
Noncash or Part Noncash Acquisition, Payables Assumed
-	-	-	0	-	-	-	-	-	-	-	-