Ferro corporation (FOE)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities
Net income

7,415

80,946

57,768

-19,887

63,104

86,231

72,445

-373,034

5,134

15,403

-40,365

Adjustments to reconcile net income to net cash provided by operating activities:
Loss from discontinued operations, net of tax

-

-

-

-

-

-

-

-

-

-

-325

Loss (gain) on sale of assets and businesses

916

-164

852

2,764

-1,836

124,026

15,604

-505

244

2,330

-28

Depreciation and amortization

55,879

53,974

50,085

46,805

41,061

35,384

47,123

57,384

63,493

76,936

88,138

Interest amortization

3,755

3,577

3,496

1,353

1,125

3,106

2,905

-

-

-

-

Restructuring and impairment charges

44,702

4,084

7,593

50,868

13,270

11,564

20,581

221,596

7,472

3,174

6,486

Loss on extinguishment of debt

-

-3,226

-3,905

-

-

-14,384

-

-

-45

-23,001

-

Provision for allowance for doubtful accounts

1,086

681

44

1,383

639

2,731

4,074

5,217

2,349

2,935

2,676

Retirement benefits

9,063

9,221

-6,417

14,436

-5,986

55,755

-97,053

339

8,337

-9,760

8,890

Deferred income taxes

-11,826

-3,720

23,490

-11,451

-66,328

-21,310

7,853

107,575

20,575

-5,258

-12,747

Stock-based compensation

7,406

8,441

11,770

7,245

8,868

9,679

-

-

-

-

-

Non-cash foreign currency losses (gains)

-

-

-

-

-

-

13,028

6,815

-12,443

-

-

Changes in current assets and liabilities, net of effects of acquisitions:
Accounts receivable

74,444

-19,885

25,852

21,893

-20,208

5,667

-16,224

5,258

13,444

24,697

-12,351

Inventories

10,578

33,922

46,962

10,271

-6,562

12,575

-18,056

-22,287

29,790

22,654

-76,254

Deposits for precious metals

-

-

-

-

-

-

-

-

-28,086

-84,348

112,434

Other receivables and other current assets

-1,204

1,444

7,099

3,006

-4,147

8,570

826

-13,192

19,673

890

-31,566

Accounts payable

-10,075

35,887

26,150

1,162

-14,605

5,936

-27,963

-18,359

4,715

12,618

-29,230

Accrued expenses and other current liabilities

8,016

164

-22,398

11,626

-23,547

-12,515

-6,939

4,409

-31,205

36,750

-17,367

Other operating activities

-12,977

1,629

10,069

-2,976

848

20,366

-9,384

-5,380

-5,060

9,289

-12,091

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

2,480

Net cash used for discontinued operations

-

-

-

-

-

-

-

-

-

-

-329

Net cash used in operating activities

17,710

182,793

84,790

62,630

51,202

60,473

18,464

23,658

53,233

198,865

2,151

Cash flows from investing activities
Capital expenditures for property, plant and equipment and other long-lived assets

64,970

80,619

50,552

24,945

43,087

53,768

34,220

58,685

72,713

44,737

43,260

Proceeds from sale of buisness, net

-

-

-

-

-

237,830

16,912

-

-

-

-

Proceeds from sale of assets

-

-

-

3,634

642

6,740

33,261

3,043

-

-

-

Proceeds from sale of equity method investment

-

-

2,268

-

-

-

-

-

-

-

-

Collections of financing receivables

84,567

7,020

-

-

-

-

-

-

-

-

-

Business acquisitions, net of cash acquired

251

74,954

131,194

129,511

202,155

115,598

-

-

-

6,938

-

Proceeds from sale of assets and businesses

-

-

-

-

-

-

-

-

6,441

18,214

483

Other investing activities

-1,957

-37

-567

-

-

-

-1,215

-334

-1,145

-139

-123

Net cash provided by (used in) investing activities

21,303

-148,516

-178,911

-150,822

-244,600

75,204

17,168

-55,308

-65,127

-33,322

-42,654

Cash flows from financing activities
Net borrowings under loans payable

45

-19,077

-19,634

4,596

-7,261

-41,101

-5,884

39,934

8,661

-21,495

15,462

Proceeds from revolving credit facility - 2014 Credit Facility

-

-

15,628

355,743

242,390

457,907

449,268

395,576

646,834

-

-

Principal payments on revolving credit facility - 2014 Credit Facility

-

-

327,183

214,188

72,390

467,112

442,659

-

-

-

-

Proceeds from term loan facility - Credit Facility

-

-

623,827

-

-

300,000

-

-

-

-

-

Principal payments on term loan facility - 2014 Credit Facility

-

-

243,250

53,000

3,000

-

-

-

-

-

-

Principal payments on term loan facility - Credit Facility

-

304,060

4,872

-

-

750

-

-

-

-

-

Principal payments on term loan facility - Amended Credit Facility

8,200

6,150

-

-

-

-

-

-

-

-

-

Proceeds from term loan facility - Amended Credit Facility

-

466,075

-

-

-

-

-

-

-

-

-

Proceeds from revolving credit facility - Credit Facility

-

134,950

180,605

-

-

-

-

-

-

-

-

Principal payments on revolving credit facility - Credit Facility

-

212,950

102,605

-

-

-

-

-

-

-

-

Proceeds from revolving credit facility - Amended Credit Facility

227,101

240,035

-

-

-

-

-

-

-

-

-

Principal payments on revolving credit facility - Amended Credit Facility

227,101

240,035

-

-

-

-

-

-

-

-

-

Principal payments on other long-term debt

-

-

3,971

-

-

-

-

-

-

392,061

1,075,102

Proceeds from other long-term debt

-

-

2,700

-

-

-

-

-

-

-

-

Payments on revolving credit facility

-

-

-

-

-

-

-

-

639,128

-

-

Extinguishment of convertible senior notes

-

-

-

-

-

-

-35,066

-

-725

-

-

Repayment of 7.875% Senior Notes

-

-

-

-

-

260,451

-

-

-

-

-

Extinguishment of debt

-

-

-

-

-

-

-

-

-

362,997

-

Payment of debt issuance costs

-

3,466

12,927

711

-

7,071

-

-

-

9,848

16,863

Acquisition related contingent consideration payment

5,200

9,464

1,315

-

-

-

-

-

-

-

-

Redemption of convertible preferred stock

-

-

-

-

-

-

-

-

9,427

-

-

Cash dividends

-

-

-

-

-

-

-

-

165

660

1,142

Proceeds from the exercise of stock options

1,052

764

4,526

1,140

404

684

666

107

1,053

137

-

Purchase of treasury stock

25,000

28,807

-

11,429

38,571

-

-

-

-

-

-

Principal payments from revolving credit facility

-

-

-

-

-

-

-

-400,687

-

-

-

Proceeds from long-term debt

-

-

-

-

-

-

-

-

-

632,299

903,886

Net proceeds from sale of common stock

-

-

-

-

-

-

-

-

-

-

215,655

Other financing activities

-1,892

-8,448

-3,166

-154

-1,846

-249

-3,040

1,527

-1,199

-2,639

4,729

Net cash provided by (used in) financing activities

-39,195

9,367

108,363

81,997

119,726

-18,143

-36,715

36,457

5,904

-157,264

46,625

Effect of exchange rate changes on cash and cash equivalents

283

-2,894

3,727

-6,603

-8,448

-5,362

-165

1,778

-54

2,249

2,194

Decrease in cash and cash equivalents

101

40,750

17,969

-12,798

-82,120

112,172

-1,248

6,585

-6,044

10,528

8,316

Cash paid during the period for:
Interest

33,429

33,910

26,850

17,486

16,188

28,536

26,775

26,468

25,920

31,881

51,505

Income taxes

21,682

36,789

25,662

19,734

21,364

9,376

5,815

4,657

22,060

20,379

10,145