Flexsteel industries, inc. (FLXS)
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'11Dec'10Sep'10
OPERATING ACTIVITIES:
Net income

-21,018

-31,300

-24,350

-32,605

-10,504

8,127

12,782

17,666

21,501

26,046

25,214

23,786

23,929

23,249

23,227

24,237

23,854

23,866

23,183

22,299

22,150

19,614

16,100

14,990

13,598

12,296

14,047

13,151

13,310

13,535

13,562

13,068

12,157

11,269

10,452

10,417

0

0

0

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

8,411

8,636

8,021

7,440

7,663

7,468

7,423

7,367

7,296

7,511

7,751

7,936

8,066

8,024

7,846

7,556

7,111

6,334

5,591

4,945

4,471

4,369

4,282

4,197

4,099

4,060

4,022

3,803

3,514

3,203

2,937

2,835

2,775

2,686

2,658

2,690

0

0

0

Deferred income taxes

1,108

-6,099

-5,758

-6,121

652

-469

-986

286

529

1,709

1,803

1,606

1,920

1,543

3,433

2,731

2,250

2,594

516

605

38

2,504

192

-138

425

-2,059

189

414

283

-259

37

23

535

481

107

54

0

0

0

Stock-based compensation expense

4,321

3,796

2,222

1,355

506

780

697

501

1,154

1,276

1,323

1,609

1,810

1,667

1,938

1,470

1,372

1,486

1,832

1,943

1,750

1,590

1,421

1,290

1,067

1,076

890

1,051

1,408

1,423

1,250

1,056

937

808

997

1,014

0

0

0

Excess tax benefit from stock-based payment arrangements

-

-

-

-

-

-

-

-

-

-

-

1,494

4,355

3,630

2,815

1,761

-417

89

684

817

1,823

1,559

1,516

1,357

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Change in provision for losses on accounts receivable

0

0

0

-

-

-

-

-100

0

0

0

-

-

-90

-150

-100

52

-28

-1

30

-2

-31

-99

6

-334

-258

-159

-215

150

118

-50

-150

-200

-110

560

870

0

0

0

(Gain) loss on disposition of capital assets

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposition of capital assets

-

-

-

-

-

-

-

1,792

2,159

2,163

2,291

512

0

0

0

-

-

-

-

119

181

88

106

90

20

38

22

18

22

21

32

34

109

193

203

185

0

0

0

Changes in operating assets and liabilities:
Trade receivables

-1,515

-1,250

-7,531

-3,136

-5,264

-4,877

-2,261

-1,209

1,438

3,262

2,905

-2,356

-1,796

-5,816

-3,960

-584

-1,311

6,248

5,701

6,596

6,293

1,967

1,917

2,467

3,063

7,164

2,976

2,260

3,311

2,147

3,604

2,000

-1,976

-508

-5,095

-3,427

0

0

0

Inventories

-20,833

-7,355

3,283

-2,545

-10,267

-16,319

-13,938

-3,193

13,497

13,940

17,524

13,492

-4,621

-14,914

-22,174

-27,938

-10,793

1,797

2,712

15,902

16,012

10,547

9,029

5,523

6,068

11,122

11,591

9,728

10,553

8,719

7,162

9,009

742

1,105

-13

1,043

0

0

0

Other current assets

-1,344

-5,583

-3,930

3,540

7,628

2,888

865

1,299

-1,201

418

647

-1,036

-3,201

-2,910

1,561

1,962

8,632

4,645

1,871

3,882

845

2,032

1,030

278

-408

682

35

-58

756

360

479

-50

265

257

-25

557

0

0

0

Other assets

0

0

0

-

-

-

-

-

-

-

-

-450

0

0

0

-

-

-

-

1,024

374

632

589

163

145

189

209

307

378

419

406

308

248

252

245

270

0

0

0

Accounts payable - trade

6,582

3,387

-1,042

5,128

1,590

132

-1,089

-1,874

-274

-1,064

3,297

4,028

1,656

1,916

-929

-6,877

-7,398

-2,815

-11,123

2,083

7,008

3,437

9,237

2,117

-398

1,301

4,822

1,082

4,696

2,348

1,458

2,699

-1,471

1,402

-2,002

-841

0

0

0

Accrued liabilities

-6,934

-5,779

-4,404

-668

-3,154

3,167

2,020

2,546

3,536

365

1,220

477

2,982

2,188

2,965

2,052

2,221

1,918

252

201

-242

1,002

798

2,986

2,750

1,736

2,231

-138

-2,474

-515

218

572

721

268

-3,214

-2,541

0

0

0

Other long-term liabilities

-299

-325

-243

201

-501

-460

-535

-431

-557

-567

-603

-1,298

-2,238

-2,460

-1,854

-1,180

398

661

175

276

335

-310

355

265

-263

420

-244

-665

-47

102

107

-174

-195

-409

-293

367

0

0

0

Supplemental retirement plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,381

-

-237

-137

-311

360

-206

-287

-141

-210

708

740

571

342

306

244

277

174

0

0

0

Net cash provided by operating activities

8,067

-3,437

-6,503

6,714

25,540

36,924

35,660

27,294

16,989

15,569

16,686

26,388

45,964

57,235

57,093

54,367

29,295

18,122

8,623

3,269

10,717

9,409

18,148

16,237

11,312

5,066

10,665

5,905

6,535

9,036

8,414

8,977

16,401

15,564

14,451

13,800

0

0

0

INVESTING ACTIVITIES:
Purchases of investments

1,728

1,738

3,672

13,042

25,015

34,703

44,224

42,230

48,153

48,937

37,769

30,537

13,376

3,505

3,741

3,100

2,404

1,703

786

1,955

3,107

5,963

6,281

5,537

4,527

1,469

1,443

1,086

931

938

912

777

851

831

706

698

0

0

0

Proceeds from sales of investments

1,734

9,724

21,601

28,970

42,952

46,642

40,167

44,172

40,118

28,919

23,726

12,474

3,278

3,403

3,574

2,900

2,192

1,399

477

1,611

2,778

6,216

6,187

5,209

5,064

1,461

1,464

1,273

225

233

237

405

449

442

436

410

0

0

0

Proceeds from sale of capital assets

20,658

19,858

19,840

248

42

42

33

6,152

7,853

7,857

7,937

1,848

0

0

0

-

-

-

-

155

191

94

113

98

32

48

31

21

22

21

32

34

76

161

172

187

0

0

0

Capital expenditures

3,999

5,698

11,424

21,346

29,901

34,007

34,806

29,447

23,842

20,354

14,041

13,457

10,030

7,539

9,783

7,382

10,787

13,029

13,672

37,423

34,109

32,948

29,349

4,187

4,403

2,788

3,899

6,225

11,336

13,181

13,364

10,939

6,837

4,664

2,769

2,573

0

0

0

Net cash provided by (used in) investing activities

16,665

22,146

26,345

-5,170

-11,922

-22,026

-38,830

-21,353

-24,024

-32,515

-20,147

-29,672

-19,954

-7,464

-6,997

-4,692

-3,052

-5,295

-8,799

-32,559

-34,247

-32,601

-29,330

-4,417

-3,834

-2,748

-3,847

-6,017

-12,020

-13,865

-14,007

-11,277

-7,163

-4,892

-2,867

-2,674

0

0

0

FINANCING ACTIVITIES:
Dividends paid

5,243

6,940

6,927

6,918

8,663

6,919

6,910

6,746

6,581

6,411

6,241

6,062

5,877

5,689

5,494

5,455

5,414

5,384

5,356

5,115

4,875

4,618

4,363

4,323

4,291

3,208

4,243

4,213

3,827

4,503

3,068

2,535

2,359

2,185

2,010

1,839

0

0

0

Proceeds from long-term debt, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock

-

-

-

81

237

234

273

233

84

359

493

1,078

1,259

1,233

1,535

1,591

1,675

1,400

1,329

790

1,192

1,939

2,033

2,388

1,774

1,274

1,294

1,107

1,776

1,610

1,103

916

0

0

0

-

-

-

-

Shares withheld for tax payments on vested restricted shares

557

66

66

210

211

211

290

552

553

552

473

1,132

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from stock-based payment arrangements

-

-

-

-

-

-

-

-

-

-

-

1,494

1,969

2,256

2,775

1,761

2,051

1,545

950

817

891

1,155

1,198

1,357

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash provided by (used in) financing activities

9,221

-6,956

-6,955

-7,047

-8,637

-6,896

-6,927

-7,065

-6,957

-6,292

-5,761

-4,622

-3,786

-9,283

-9,293

-14,177

-16,597

-12,653

-8,266

8,396

11,953

14,471

10,864

-578

-1,910

-1,591

-2,721

-2,924

-2,051

-2,893

-1,965

-1,619

-2,166

-1,961

-1,755

-1,515

0

0

0

Increase in cash and cash equivalents

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Decrease) increase in cash and cash equivalents

-

-

-

-

-

-

-

-1,124

-13,992

-23,238

-9,222

-7,906

22,224

40,488

40,803

35,498

9,646

174

-8,442

-20,894

-11,577

-8,721

-318

11,242

5,568

727

4,097

-3,036

-7,536

-7,722

-7,558

-3,919

7,072

8,711

9,829

9,611

0

0

0

SUPPLEMENTAL INFORMATION
Income taxes (refunded) paid, net

0

0

0

-

-

-

-

8,460

9,175

12,390

11,119

9,780

8,475

6,852

8,766

10,140

11,570

12,913

12,560

13,920

11,700

9,093

8,112

6,880

6,120

8,212

6,755

7,250

8,377

7,407

6,915

6,237

5,588

5,635

6,482

7,647

0

0

0

Capital expenditures in accounts payable

316

-1,967

-3,722

142

1,607

4,502

6,010

4,084

3,377

1,178

3,818

1,740

1,559

2,708

290

430

-1,718

184

141

130

1,867

-198

15

35

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-