Franklin electric co., inc. (FELE)
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'11Dec'10Sep'10Jun'10Mar'10
Cash flows from operating activities:
Net income

10,792

19,986

34,075

32,812

9,127

24,314

29,932

30,039

21,215

7,867

24,548

30,244

15,934

17,801

23,747

24,187

13,580

16,251

21,026

16,438

19,976

3,168

22,805

27,458

17,421

13,347

25,297

28,439

15,615

13,329

22,008

25,240

23,161

11,512

19,301

22,008

10,902

8,328

12,587

11,453

7,550

Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization

9,199

9,272

9,355

9,082

9,268

9,617

9,392

9,699

9,896

10,088

10,006

9,488

8,924

8,782

9,119

8,881

8,752

8,672

8,760

9,204

8,840

9,419

9,618

9,326

8,847

8,550

7,929

7,510

7,367

8,857

6,593

6,727

6,158

6,018

6,548

6,889

5,840

5,402

5,920

6,339

6,379

Non-cash lease expense

1,962

4,059

2,441

2,394

2,805

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation

4,352

1,498

1,935

2,294

3,230

1,823

1,858

1,443

3,326

1,066

1,497

1,605

2,941

977

1,757

1,616

2,539

1,047

1,122

1,103

2,354

1,157

1,238

3,684

1,392

503

1,035

1,179

2,158

2,020

1,177

2,074

982

714

1,040

1,042

1,174

839

856

1,439

1,139

Deferred income taxes

-82

-2,268

-799

538

-37

-409

5

657

-5,417

-3,934

984

-1,878

-1,483

393

-376

2,691

270

-1,233

542

429

-6,540

-3,580

1,955

-576

-214

-242

1,906

2,666

-2,623

-1,399

3,432

946

5,592

2,301

2,475

-1,712

803

652

6,971

466

1,610

Loss on disposals of plant and equipment

-106

-174

-123

-64

-530

59

-243

-523

396

-1,343

-51

-99

-79

-551

1,481

-266

-1,415

-1,340

0

-156

-46

-392

-919

-35

-5

-50

-247

8

1

-224

32

86

322

-1,300

-460

-649

-372

536

-85

2,385

-1,204

Gain on equity investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,723

-

-

-

-

-

-

-

-

0

0

0

12,212

0

0

0

0

-

-

-

-

Asset impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

163

220

200

0

200

0

0

-

-

-

-

Foreign exchange income

962

-3,807

2,082

-505

589

2,445

-1,601

-999

-551

729

193

-372

475

420

399

315

-77

-830

-96

-359

416

-397

-510

328

-420

-2,153

-466

-541

-171

-111

-896

-357

-298

489

-553

-937

-421

-967

0

0

0

Realized gain on share purchase liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax from share-based payment arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

53

113

8

296

515

663

122

230

1,448

687

791

1,612

2,063

1,484

2,117

914

731

1,565

271

555

104

654

59

834

-226

Changes in assets and liabilities, net of acquisitions:
Receivables

2,574

-28,246

-19,201

39,854

6,517

-22,659

-9,959

23,570

17,242

-1,499

-17,738

2,729

6,560

-754

-9,133

10,612

20,609

-3,971

-16,128

-1,246

17,901

-21,006

-3,289

21,908

31,451

-13,994

-17,697

19,734

28,686

-17,258

-13,408

14,874

25,395

-22,474

-11,894

8,574

26,720

-7,181

-20,154

60,042

-29,119

Inventory

19,952

-37,069

-15,477

14,332

20,986

-10,796

-5,043

-3,318

23,932

10,614

3,966

2,131

29,661

-7,274

3,928

2,098

8,884

-12,716

-2,989

-1,005

7,360

-17,106

8,030

10,450

31,408

-7,416

-5,085

3,075

17,038

-6,844

395

11,956

18,199

-9,719

-5,486

-2,430

13,712

-16,472

-2,082

13,055

-8,020

Accounts payable and accrued expenses

-4,223

-20,621

8,754

17,328

1,309

7,771

-5,022

14,306

-15,378

6,871

6,770

-14,173

-10,539

2,449

6,242

6,740

-3,649

-9,399

4,765

2,971

-18,081

10,383

4,162

-101

8,408

1,158

1,840

7,569

-8,441

3,536

2,954

477

-1,637

-1,104

4,018

4,367

-454

-10,134

2,536

11,793

17,178

Operating Leases

1,962

-19,335

2,442

2,391

2,804

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes

786

2

5,912

1,044

-509

-3,771

2,703

1,760

-2,463

2,382

-1,414

-1,479

-2,002

1,258

949

869

1,633

-3,986

5,687

3,582

292

-16,411

872

287

1,117

452

1,326

2,772

2,459

-5,854

6,619

1,502

-3,344

-4,127

715

4,590

2,131

-4,462

2,289

1,580

-2,330

Employee benefit plans

-35

420

-1,813

-19

-31

654

-1,227

-932

-786

170

-268

-1,201

-1,230

3,776

-915

-3,422

-488

1,565

-883

-3,128

-9

-2,508

-731

-1,044

-2,551

-2,978

-1,579

-1,544

-1,485

-1,719

-1,671

-1,794

-693

2,182

-3,813

-801

-8,337

2,211

-2,737

-622

-5,597

Other, net

2,063

-9,869

4,057

2,385

-2,269

3,466

-3,188

1,289

-3,442

-183

2,507

1,363

499

-914

2,294

-892

-4,980

-7,601

6,915

4,221

-221

-4,002

6,761

-2,984

5,918

1,704

-159

-470

-1,788

-2,398

7,784

-1,883

2,841

1,459

2,027

-5,723

3,443

832

3,602

944

7

Net cash flows from operating activities

-4,656

87,451

86,080

7,080

-2,935

68,017

55,249

32,353

-27,184

26,390

52,869

12,066

-24,571

44,509

41,554

29,748

-437

39,262

53,309

28,848

-21,816

43,868

29,724

9,137

-35,380

43,263

60,617

25,173

-30,779

44,121

45,251

9,802

-28,983

47,476

46,579

36,993

-31,127

25,395

47,083

34,770

-12,633

Cash flows from investing activities:
Additions to property, plant, and equipment

5,535

6,264

5,147

5,224

5,220

7,324

3,662

5,525

5,921

10,967

3,896

13,713

4,908

9,027

10,619

8,337

11,153

10,643

5,770

5,553

4,205

10,431

7,147

9,775

8,172

16,774

13,766

20,502

16,515

20,002

7,854

7,286

4,170

8,239

5,394

4,971

3,242

2,383

6,314

3,266

1,746

Proceeds from sale of property, plant, and equipment

25

0

0

802

64

292

126

98

208

4

98

75

34

189

3,673

1,981

185

-757

557

394

8

16

-31

31

1,592

74

0

9

55

1,070

67

-55

1,204

0

17

307

0

178

123

130

1,338

Cash paid for acquisitions, net of cash acquired

5,626

-44

14,143

1,323

5,405

2,886

33,657

0

8,428

0

-472

52,255

0

-

-

-

-

0

0

145

3,616

-304

6,090

29,813

0

-

-

-

-

10,285

24,510

1,702

27,862

0

274

24,869

0

-

-

-

-

Additions to intangibles

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-48

-

0

0

0

-

-

-

-

-

-

-

-

Cash paid for minority equity investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

4,267

2,449

5,700

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

0

-2

0

-5

-3

1

-189

-199

0

-206

4

-160

7

-172

4

-178

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash flows from investing activities

-11,136

-6,218

-19,290

-5,740

-10,558

-9,919

-37,004

-5,228

-14,141

-10,757

-3,330

-65,733

-4,881

-8,666

-7,957

-6,178

-10,968

-11,225

-5,148

-5,397

-7,813

-9,357

-13,237

-46,099

-9,029

-23,804

-16,021

-20,215

-16,412

-29,691

-32,297

-8,824

-30,828

-17,535

-5,482

-39,496

-3,242

-2,325

-18,295

-3,136

-408

Cash flows from financing activities:
Proceeds from issuance of debt

56,680

69,068

65,336

76,783

53,202

32,764

89,820

50,493

59,561

17,334

6,740

148,901

20,383

697

1,932

30,446

31,606

1,871

49,648

104,049

77,918

1,347

28,521

47,335

21,191

3,875

20,617

20,706

25,101

1,864

48,382

17,983

3,759

14,761

5,080

0

0

-

-

-

-

Repayment of debt

37,010

128,352

113,809

79,638

33,533

43,546

135,356

65,167

7,554

21,046

48,342

101,245

20,843

456

24,707

50,086

19,817

24,082

31,638

125,085

9,105

53,095

45,538

12,034

6,550

4,841

21,837

18,491

85

4,521

53,721

16,443

1,739

15,659

4,206

9

43

506

376

240

96

Proceeds from issuance of common stock

871

863

836

244

1,251

252

6,952

1,153

642

727

1,723

1,566

481

2,051

2,582

199

411

810

0

357

883

1,578

167

549

635

1,113

3,173

5,654

4,128

3,636

7,214

1,969

2,613

4,664

823

2,341

1,082

3,102

200

1,499

214

Excess tax from share-based payment arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

53

113

8

296

515

663

122

230

1,448

687

791

1,612

2,063

1,484

2,117

914

731

1,565

271

555

104

654

59

382

226

Purchases of common stock

16,981

440

758

5,214

4,329

22,108

1,127

3,004

7,949

358

889

1,709

665

1,229

1,457

561

4,175

5,249

37,112

3,930

2,288

1,968

2,167

4,894

1,581

189

2,799

6,872

2,504

5,205

7,797

8,657

30

3,281

0

6,561

4,068

2,852

874

3,516

0

Dividends paid

7,240

6,752

7,409

6,787

6,723

5,652

6,302

5,621

5,037

5,044

5,046

5,531

4,668

4,654

4,662

5,315

4,506

4,533

4,610

5,500

4,283

4,302

4,302

5,108

3,709

3,704

4,477

3,696

3,417

3,408

3,854

3,397

3,152

3,596

3,127

3,143

3,024

3,023

3,393

3,026

2,892

Payments to Noncontrolling Interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

20,200

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of contingent consideration liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

5,555

0

0

0

0

-

-

-

-

-

-

-

-

Net cash flows from financing activities

-3,680

-65,613

-55,806

-15,097

9,868

-38,290

-46,013

-22,146

39,663

-8,387

-45,814

36,935

-5,312

-3,591

-26,312

-25,370

3,572

-31,070

-23,704

-29,813

43,440

-55,777

-23,197

23,203

11,434

-3,059

-4,532

-1,087

19,731

-6,150

-7,659

-7,631

2,182

-1,546

-1,159

-6,817

-5,949

-2,625

-4,384

-4,901

-2,548

Effect of exchange rate changes on cash

-4,946

980

-4,170

384

-1,184

-1,808

-1,103

-2,305

1,799

-142

1,309

1,176

1,084

-6,902

114

-1,260

914

-304

-2,593

-197

-3,359

2,987

-3,550

-698

559

88

913

-1,449

-1,212

-659

4,172

-6,033

3,228

-3,113

-6,056

703

3,038

-2,524

4,807

-3,495

-1,586

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total

-24,418

16,600

6,814

-13,373

-4,809

18,000

-28,871

2,674

137

7,104

5,034

-15,556

-33,680

25,350

7,399

-3,060

-6,919

-3,337

21,864

-6,559

10,452

-18,279

-10,260

-14,457

-32,416

16,488

40,977

2,422

-28,672

7,621

9,467

-12,686

-54,401

25,282

33,882

-8,617

-37,280

17,921

29,211

23,238

-17,175

Cash paid for income taxes, net of refunds

3,126

4,959

3,412

6,682

1,896

6,204

4,992

9,800

6,029

4,263

6,964

10,418

4,165

5,623

7,273

6,858

2,542

3,976

2,214

4,864

3,210

6,386

6,736

8,039

7,905

7,225

4,119

3,288

4,430

4,826

4,889

6,675

6,245

6,391

4,706

1,896

848

14,274

-3,204

-108

2,939

Cash paid for interest

2,254

595

3,062

1,618

3,113

2,950

2,488

2,852

2,502

2,235

2,426

2,400

2,312

1,826

2,195

2,300

2,644

2,119

2,691

2,646

2,755

2,702

2,869

2,277

3,002

2,540

2,919

2,321

2,379

3,136

3,816

2,209

2,330

2,975

2,915

2,408

2,206

2,939

2,531

1,962

2,261

Non-cash items:
Additions to property, plant, and equipment, not yet paid

314

1,249

-47

-61

368

1,034

124

0

0

-259

-47

-56

530

-225

270

32

289

767

-376

348

221

814

-156

-238

610

384

-133

-436

1,297

3,206

-28

83

4

-1,152

396

-59

1,002

-911

-171

6

1,965

Right-of-Use Assets obtained in exchange for new operating lease liabilities

1,888

1,512

1,638

1,772

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payable to sellers of acquired entities

650

-

-

-

0

-

-

-

-

-

-

-

-

-

0

0

24

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payable to seller of Healy Systems, Inc.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

179

Payable to seller of Western Pump, LLC

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

49

Stock option exercises forfeitures, or stock retirements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-48

227

420

Valley Farms Supply, Inc
Noncash or Part Noncash Acquisition, Payables Assumed

-

-

-

-

-

-

-

0

450

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-