Forum energy technologies, inc. (FET)
CashFlow / TTM
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 loss

-596,313

-567,057

-938,352

-408,419

-410,034

-374,080

58,732

46,958

-15,566

-59,400

-120,972

-124,139

-74,768

-81,948

-233,068

-208,355

-170,988

-119,384

90,336

135,849

166,527

174,377

162,825

143,775

134,172

129,604

118,997

126,759

140,957

151,530

159,305

153,952

123,706

93,593

0

0

0

Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation expense

30,442

30,600

30,998

31,809

32,455

33,100

34,163

33,532

33,559

34,400

33,707

34,533

35,351

35,636

36,808

37,721

38,159

38,388

37,861

37,760

37,804

37,414

37,942

37,625

36,816

36,166

34,822

33,619

33,096

31,458

30,627

29,711

27,460

26,245

0

0

0

Amortization of intangible assets

30,592

32,600

36,116

38,076

39,746

41,400

41,575

38,528

34,677

30,700

26,445

25,997

26,035

26,124

26,446

26,855

27,138

27,295

27,608

27,651

27,652

27,658

27,543

27,031

25,725

24,413

22,853

21,331

20,819

20,346

20,307

19,814

17,283

14,530

0

0

0

Impairments of intangible assets, property and equipment

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairments of operating lease assets

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventory write down

21,514

10,324

33,201

30,168

34,528

36,606

22,424

21,853

16,544

14,620

2,434

3,573

25,459

25,537

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

15,159

15,846

14,677

17,573

18,535

19,927

22,264

21,076

20,947

20,310

20,233

20,063

20,116

20,535

20,106

20,183

21,728

21,675

21,526

21,170

19,462

18,770

17,930

20,279

19,889

19,038

18,068

13,191

10,532

8,179

6,712

5,653

4,962

5,156

0

0

0

Loss from unconsolidated subsidiary

531

-318

-223

474

254

140

-6,344

-5,015

-4,498

-2,073

4,934

3,361

2,306

1,421

2,066

2,800

4,050

8,044

8,498

6,428

-2,113

-1,376

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration benefit

0

-4,629

-4,629

-4,629

-4,629

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,568

13,500

21,800

11,100

12,100

0

0

0

Gain on extinguishment of debt

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred loan costs written off

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred loan costs written off

-

-

-

-

-

-

-

-

-

-

-

-

-

2,978

2,588

2,588

2,588

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

10,812

12,985

584

-14,742

11,838

13,552

-16,784

-2,337

-11,201

-149

42,471

15,441

27,373

24,418

34,706

56,727

32,756

23,246

321

9,508

6,017

3,270

329

-18,776

-15,213

-15,622

-6,670

4,390

4,209

6,349

0

0

0

-

-

-

-

Gain on contribution of subsea rentals business

-

-

-

-

-

33,506

33,506

33,506

33,506

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Earnings from equity investment, net of distributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Noncash losses (gains) and other, net

940

4,040

4,652

4,051

2,921

1,086

1,710

2,061

3,719

3,886

4,800

5,674

5,516

4,389

3,481

3,347

2,527

3,867

4,988

4,360

3,028

4,109

1,220

-412

-583

-1,842

2,082

1,457

1,802

2,108

-279

6,666

3,992

4,300

0

0

0

Changes in operating assets and liabilities
Accounts receivable—trade

-55,821

-49,732

-35,232

-34,890

7,183

4,833

41,227

42,836

42,214

64,844

49,390

49,873

18,910

-29,450

-51,825

-96,488

-144,279

-145,753

-152,667

-70,997

-19,856

44,727

67,046

3,267

14,355

-1,188

-32,128

-16,668

-12,198

-12,872

30,784

59,310

62,147

62,350

0

0

0

Inventories

-54,021

-54,265

-34,804

-109

26,592

60,903

89,865

102,525

87,882

66,646

31,532

-13,215

-42,728

-57,294

-76,224

-69,917

-46,393

-344

50,873

64,650

72,194

34,051

26,742

12,558

-1,858

-23,042

-30,944

-1,168

43,772

100,268

134,658

137,383

111,013

90,634

0

0

0

Prepaid expenses and other assets

7,350

-621

-4,808

7,126

-5,759

7,980

1,773

-8,108

8,894

-12,462

4,358

3,039

1,105

-1,071

-12,708

-14,647

-8,784

-3,576

-746

19,807

11,343

4,107

15,112

6,604

10,588

20,415

6,869

-6,998

-14,894

-15,636

-4,356

7,322

13,184

10,477

0

0

0

Cost and estimated profit in excess of billings

4,991

4,632

6,340

1,869

5,708

1,273

-1,057

-1,976

-5,202

-171

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable, deferred revenue and other accrued liabilities

-64,262

-48,056

-37,593

-32,386

-9,469

-4,192

15,089

27,937

42,372

52,142

68,055

49,202

19,906

3,799

-44,898

-59,096

-123,666

-111,264

-85,468

-11,540

52,698

62,772

74,281

18,811

24,158

-1,475

-29,973

-32,724

-21,267

-4,781

37,892

56,484

67,834

56,256

0

0

0

Billings in excess of costs and estimated profits earned

3,306

2,279

-653

-3,720

610

1,329

3,610

4,834

-1,133

-2,245

-930

-2,638

649

-3,865

-1,668

-2,852

-10,045

-6,629

-8,671

4,223

-3,424

10,240

13,532

-7,692

21,702

-11,034

-6,950

13,532

-13,409

12,341

14,534

3,220

-379

-2,752

0

0

0

Net cash provided by operating activities

87,824

104,144

102,404

68,928

39,616

2,407

-47,296

-70,529

-44,349

-40,033

3,439

24,584

22,880

64,742

82,427

144,946

134,282

155,913

207,919

212,767

255,567

269,966

227,019

235,021

245,785

211,393

227,410

202,344

145,510

137,941

95,309

62,421

64,616

39,275

0

0

0

Cash flows from investing activities
Capital expenditures for property and equipment

12,373

15,102

16,794

19,174

22,650

24,043

26,909

27,829

28,321

26,709

23,046

19,808

16,035

16,828

17,683

22,651

25,131

32,291

41,906

44,754

54,130

53,792

55,478

58,916

61,238

60,263

56,623

54,613

47,474

49,685

48,661

45,760

46,751

41,163

0

0

0

Payments to Acquire Businesses, Net of Cash Acquired

-

-

-

-

-

-

-

-

-

162,189

49,262

10,110

12,810

4,072

2,700

2,700

0

60,836

60,836

61,443

99,125

38,289

38,290

216,789

180,216

181,718

318,767

139,661

138,552

139,889

7,290

447,447

481,187

509,857

0

0

0

Proceeds from sale of equity investment, property and equipment

43,140

43,237

39,869

874

4,318

9,258

9,316

9,081

7,005

1,971

7,902

7,752

9,494

9,763

3,832

4,123

1,468

1,821

5,114

4,962

6,138

12,150

8,960

9,178

7,456

964

1,006

2,755

3,830

5,051

4,684

2,620

1,778

906

0

0

0

Investment in unconsolidated subsidiary

-

-

-

-

-

-

-

-

-

1,041

1,041

1,041

1,041

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

30,767

28,135

-29,547

-78,922

-78,954

-75,407

-139,892

-172,199

-174,767

-187,968

-65,447

-23,207

-20,392

-11,137

-16,551

-21,228

-23,663

-91,306

-88,388

-91,995

-137,877

-70,691

-84,808

-314,540

-282,011

-289,030

-422,397

-191,519

-182,196

-184,523

-51,267

-490,587

-526,160

-550,114

0

0

0

Cash flows from financing activities
Borrowings of debt

172,000

137,000

218,980

253,980

241,980

221,980

0

0

0

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of debt

209,300

256,900

287,250

243,188

212,117

211,783

140,726

90,667

49,838

0

886

773

692

0

14,346

49,735

94,953

120,077

112,640

93,484

88,268

98,415

571,545

722,559

708,596

715,131

256,576

138,305

443,627

454,019

466,994

445,770

114,234

61,973

0

0

0

Repurchases of stock related to shares withheld for taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings under Credit Facility due to acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

481,187

509,857

0

0

0

Borrowings under credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,423

59,433

227,030

396,562

404,953

470,289

302,745

172,364

203,286

89,007

77,698

42,364

10,490

0

0

0

Repurchases of stock

300

1,094

1,328

1,602

1,804

2,777

2,574

2,390

2,285

4,742

0

0

0

-

-

-

-

6,438

101,550

101,945

102,297

96,632

4,794

4,666

4,536

4,316

0

0

0

-

-

-

-

-

-

-

-

Deferred financing costs

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from stock based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,742

10,268

9,590

7,544

7,202

4,572

10,039

8,760

7,337

7,599

1,116

1,116

1,027

0

0

0

Proceeds from stock issuance

-

-

-

-

-

-

-

-

-

1,491

87,830

88,559

88,430

87,676

3,399

4,132

5,394

5,275

5,387

6,635

9,014

11,101

11,022

8,890

6,692

5,458

9,072

13,755

15,395

14,432

10,949

9,233

57,820

57,046

0

0

0

Deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

766

513

513

513

0

0

1

0

6

4,409

11,995

12,009

12,003

7,599

13

215

15

3,671

3,698

5,735

5,935

0

0

0

Net cash provided by (used in) financing activities

-39,051

-122,191

-70,646

8,292

27,161

6,522

59,259

60,228

51,425

100,563

82,582

83,380

83,197

86,195

1,229

-33,232

-62,160

-26,937

-114,011

-91,991

-96,463

-162,018

-97,699

-91,384

75,046

77,054

207,009

175,236

46,101

65,782

-63,744

378,603

462,154

510,148

0

0

0

Effect of exchange rate changes on cash

-285

582

-254

-38

-469

-1,497

-1,523

1,135

5,117

8,232

3,284

-1,516

-12,748

-14,627

-10,756

-11,098

-373

-5,000

-3,419

-3,582

-4,290

-260

1,371

4,065

1,189

-898

-1,753

-1,383

1,704

1,315

706

-1,772

-3,144

891

0

0

0

Net increase (decrease) in cash, cash equivalents and restricted cash

79,255

10,670

1,957

-1,740

-12,646

-67,975

-129,452

-181,365

-162,574

-119,206

23,858

83,241

72,937

125,173

56,349

79,388

48,086

32,670

2,101

25,199

16,937

36,997

45,883

-166,838

40,009

-1,481

10,269

184,678

11,119

20,515

-18,996

-51,335

-2,534

200

0

0

0

Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]
Noncash activities
Operating lease right of use assets obtained in exchange for lease obligations

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease right of use assets obtained in exchange for lease obligations

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition via issuance of stock

-

-

-

-

-

-

-

-

-

177,972

4,500

4,500

4,500

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets contributed for equity method investment

-

-

-

-

-

18,070

18,070

18,070

18,070

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note receivable related to equity method investment transaction

-

-

-

-

-

4,067

4,067

4,067

4,067

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition via contingent consideration and stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

68,754

0

0

0