Flexsteel industries, inc. (FLXS)
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'10
OPERATING ACTIVITIES:
Net income

-5,270

-5,384

9,551

-19,915

-15,552

1,566

1,296

2,186

3,079

6,221

6,180

6,021

7,624

5,389

4,752

6,164

6,944

5,367

5,762

5,781

6,956

4,684

4,878

5,632

4,420

1,170

3,768

4,240

3,118

2,921

2,872

4,399

3,343

2,948

2,378

3,488

2,455

2,131

2,343

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

1,735

2,446

2,484

1,746

1,960

1,831

1,903

1,969

1,765

1,786

1,847

1,898

1,980

2,026

2,032

2,028

1,938

1,848

1,742

1,583

1,161

1,105

1,096

1,109

1,059

1,018

1,011

1,011

1,020

980

792

722

709

714

690

662

620

686

722

Deferred income taxes

7,484

0

-13

-6,363

277

341

-376

410

-844

-176

896

653

336

-82

699

967

-41

1,808

-3

486

303

-270

86

-81

2,769

-2,582

-244

482

285

-334

-19

351

-257

-38

-33

863

-311

-412

-86

Stock-based compensation expense

568

1,896

1,416

441

43

322

549

-408

317

239

353

245

439

286

639

446

296

557

171

348

410

903

282

155

250

734

151

-68

259

548

312

289

274

375

118

170

145

564

135

Excess tax benefit from stock-based payment arrangements

-

-

-

-

-

-

-

-

-

-

-

93

219

148

1,034

2,954

-506

-667

-20

776

0

-72

113

1,782

-264

-115

-46

-

-

-

-

-

-

-

-

-

-

-

-

Change in provision for losses on accounts receivable

4,428

60

-238

-

-

-

-

10

-35

0

-75

-

-

60

-100

-115

65

0

-50

37

-15

27

-19

5

-44

-41

86

-335

32

58

30

30

0

-110

-70

-20

90

560

240

(Gain) loss on disposition of capital assets

302

26

18,941

-

-175

9

33

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposition of capital assets

-

-

-

-

-

-

-

-2

0

-48

1,842

365

4

80

63

-

-

-

-

6

92

0

21

68

-1

18

5

-2

17

2

1

2

16

13

3

77

100

23

-15

Changes in operating assets and liabilities:
Trade receivables

-2,846

5,302

-2,070

-1,901

-2,581

-979

2,325

-4,029

-2,194

1,637

3,377

-1,382

-370

1,280

-1,884

-822

-4,390

3,136

1,492

-1,549

3,169

2,589

2,387

-1,852

-1,157

2,539

2,937

-1,256

2,944

-1,649

2,221

-205

1,780

-192

617

-4,181

3,248

-4,779

2,285

Inventories

-11,454

-7,018

-91

-2,270

2,024

3,620

-5,919

-9,992

-4,028

6,001

4,826

6,698

-3,585

9,585

794

-11,415

-13,878

2,325

-4,970

5,730

-1,288

3,240

8,220

5,840

-6,753

1,722

4,714

6,385

-1,699

2,191

2,851

7,210

-3,533

634

4,698

-1,057

-3,170

-484

5,754

Other current assets

9,135

325

-7,468

-3,336

4,896

1,978

2

752

156

-45

436

-1,748

1,775

184

-1,247

-3,913

2,066

4,655

-846

2,757

-1,921

1,881

1,165

-280

-734

879

413

-966

356

232

320

-152

-40

351

-209

163

-48

69

373

Other assets

0

0

-176

-

-

-

-

-

-

-

-

14

-537

-60

133

-

-

-

-

922

-350

43

409

272

-92

0

-17

254

-48

20

81

325

-7

7

-17

265

-3

0

8

Accounts payable - trade

2,649

5,658

-3,809

2,084

-546

1,229

2,361

-1,454

-2,004

8

1,576

146

-2,794

4,369

2,307

-2,226

-2,534

1,524

-3,641

-2,747

2,049

-6,784

9,565

2,178

-1,522

-984

2,445

-337

177

2,537

-1,295

3,277

-2,171

1,647

-54

-893

702

-1,757

1,107

Accrued liabilities

-2,886

-992

-3,173

117

-1,731

383

563

-2,369

4,590

-764

1,089

-1,379

1,419

91

346

1,126

625

868

-567

1,295

322

-798

-618

852

1,566

-1,002

1,570

616

552

-507

-799

-1,720

2,511

226

-445

-1,571

2,058

-3,256

228

Other long-term liabilities

26

-8

-401

84

0

74

43

-618

41

-1

147

-744

31

-37

-548

-1,684

-191

569

126

-106

72

83

227

-47

-573

748

137

-575

110

84

-284

43

259

89

-565

22

45

205

95

Supplemental retirement plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-681

664

-

111

119

-254

-213

211

-55

417

-779

130

91

348

139

162

-78

119

103

100

-45

16

Net cash provided by operating activities

13,109

4,098

-3,319

-5,821

1,605

1,032

9,898

13,005

12,989

-232

1,532

2,700

11,569

885

11,234

22,276

22,840

743

8,508

-2,796

11,667

-8,756

3,154

4,652

10,359

-17

1,243

-273

4,113

5,582

-3,517

357

6,614

4,960

-2,954

7,781

5,777

3,847

-3,605

INVESTING ACTIVITIES:
Purchases of investments

399

622

646

61

409

2,556

10,016

12,034

10,097

12,077

8,022

17,957

10,881

909

790

796

1,010

1,145

149

100

309

228

1,318

1,252

3,165

546

574

242

107

520

217

87

114

494

82

161

94

369

74

Proceeds from sales of investments

404

623

646

61

8,394

12,500

8,015

14,043

12,084

6,025

12,020

9,989

885

832

768

793

1,010

1,003

94

85

217

81

1,228

1,252

3,655

52

250

1,107

52

55

59

59

60

59

227

103

53

53

201

Proceeds from sale of capital assets

800

27

19,625

206

0

9

33

0

0

0

6,152

1,701

4

80

63

-

-

-

-

31

98

0

26

67

1

19

11

1

17

2

1

2

16

13

3

44

101

24

18

Capital expenditures

1,442

1,302

512

743

3,141

7,028

10,434

9,298

7,247

7,827

5,075

3,693

3,759

1,514

4,491

266

1,268

3,758

2,090

3,671

3,510

4,401

25,841

357

2,349

802

679

573

734

1,913

3,005

5,684

2,579

2,096

580

1,582

406

201

384

Net cash provided by (used in) investing activities

-637

-1,274

19,113

-537

4,844

2,925

-12,402

-7,289

-5,260

-13,879

5,075

-9,960

-13,751

-1,511

-4,450

-242

-1,261

-1,044

-2,145

1,398

-3,504

-4,548

-25,905

-290

-1,858

-1,277

-992

293

-772

-2,376

-3,162

-5,710

-2,617

-2,518

-432

-1,596

-346

-493

-239

FINANCING ACTIVITIES:
Dividends paid

1,775

1,747

1,738

-17

3,472

1,734

1,729

1,728

1,728

1,725

1,565

1,563

1,558

1,555

1,386

1,378

1,370

1,360

1,347

1,337

1,340

1,332

1,106

1,097

1,083

1,077

1,066

1,065

0

2,112

1,036

679

676

677

503

503

502

502

332

Proceeds from long-term debt, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,097

-

5,231

-2,482

11,996

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock

-

-

-

0

29

9

43

156

26

48

3

7

301

182

588

188

275

484

644

272

0

413

105

674

747

507

460

60

247

527

273

729

81

20

86

-

-

-

-

Shares withheld for tax payments on vested restricted shares

491

0

67

-1

0

0

211

0

0

79

473

1

-1

0

1,132

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from stock-based payment arrangements

-

-

-

-

-

-

-

-

-

-

-

93

219

148

1,034

568

506

667

20

858

0

72

-113

932

264

115

46

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

155

Net cash provided by (used in) financing activities

12,734

-1,726

-1,805

18

-3,443

-1,725

-1,897

-1,572

-1,702

-1,756

-2,035

-1,464

-1,037

-1,225

-896

-628

-6,534

-1,235

-5,780

-3,048

-2,590

3,152

10,882

509

-72

-455

-560

-823

247

-1,585

-763

50

-595

-657

-417

-497

-390

-451

-177

Increase in cash and cash equivalents

25,206

1,098

13,989

-

3,006

2,232

-4,401

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Decrease) increase in cash and cash equivalents

-

-

-

-

-

-

-

4,144

6,027

-15,867

4,572

-8,724

-3,219

-1,851

5,888

21,406

15,045

-1,536

583

-4,446

5,573

-10,152

-11,869

4,871

8,429

-1,749

-309

-803

3,588

1,621

-7,442

-5,303

3,402

1,785

-3,803

5,688

5,041

2,903

-4,021

SUPPLEMENTAL INFORMATION
Income taxes (refunded) paid, net

0

123

-4,746

-

-

-

-

3,270

140

4,935

115

3,985

3,355

3,664

-1,224

2,680

1,732

5,578

150

4,110

3,075

5,225

1,510

1,890

468

4,244

278

1,130

2,560

2,787

773

2,257

1,590

2,295

95

1,608

1,637

3,142

1,260

Capital expenditures in accounts payable

332

-7

142

-151

-1,951

-1,762

4,006

1,314

944

-254

2,080

607

-1,255

2,386

2

426

-106

-32

142

-1,722

1,796

-75

131

15

-269

138

151

-

-

-

1,549

-

-

-

-

-

-

-

-

Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8

24

37

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-