Fox Factory Holding Corp. FOXF Cash Flow

Fox factory holding corp. (FOXF)

CashFlow / TTM

Apr'20	Jan'20	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13
OPERATING ACTIVITIES:
Net income
84,806	94,470	92,307	86,868	82,319	85,367	67,857	59,192	54,105	43,183	50,139	47,751	42,941	35,675	32,692	29,599	27,446	24,954	20,997	20,697	25,515	27,686	29,720	29,353	23,494	24,102	0	0	0
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization
19,526	17,736	16,785	15,889	15,262	14,729	13,866	12,719	11,381	10,280	9,738	9,495	9,354	9,025	10,217	11,761	12,524	13,315	12,367	10,984	10,559	9,730	9,075	8,481	7,912	7,759	0	0	0
Cost of goods on acquired inventory step up
-	-	-	-	-	-	-	-	-	-	-	-	-	212	159	-166	-219	812	1,028	1,689	2,037	953	0	0	0	-	-	-	-
Provision for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	-15	10	-18	31	-64	-73	-74	0	0	0
Stock-based compensation
7,056	6,864	6,628	6,841	7,005	7,322	7,776	8,269	8,864	8,727	8,202	7,420	6,751	6,223	5,843	5,587	5,236	4,907	4,764	4,534	4,275	4,044	3,790	3,294	2,619	2,500	0	0	0
Excess tax benefit from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	539	35	1,489	1,807	2,680	3,046	1,662	1,061	0	0	0	0
Deferred taxes and uncertain tax positions
-19,980	-10,615	-12,531	-7,833	-8,658	-19,286	-6,283	-6,591	-8,673	-1,160	-5,670	-3,850	-3,939	-3,016	-5,414	-7,340	-5,647	-4,364	-5,508	-6,562	-5,114	-5,399	-5,348	-5,031	-3,254	-3,236	0	0	0
Amortization of loan fees
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	197	194	192	182	457	410	247	323	0	0	0
Loss (gain) on disposal of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	93	76	31	27	-2	-3	2	7	0	0	0
Change in fair value of contingent consideration
-	-	-	-	-	-	-	-	-	-150	-618	-1,218	-618	-229	-361	39	-561	-748	2,206	2,269	2,269	2,217	0	0	0	-	-	-	-
Changes in operating assets and liabilities, net of effects of acquisition of business:
Accounts receivable
-7,234	12,061	22,531	18,387	28,651	19,034	14,675	13,913	4,213	-3,554	10,248	5,272	15,451	17,862	471	5,940	3,237	5,435	14,439	8,971	-2,168	635	-119	-2,613	5,771	8,510	0	0	0
Inventory
22,458	17,009	22,934	37,030	33,998	22,998	8,633	1,597	6,605	8,074	13,479	7,784	4,087	2,991	-1,455	3,164	5,106	11,128	19,501	10,565	7,581	2,157	-96	2,872	5,969	7,447	0	0	0
Income taxes
1,792	3,586	5,730	2,093	-2,810	-281	-1,302	695	-4,807	-6,421	-5,151	-7,085	-1,744	-1,467	4,727	6,549	3,991	2,389	-3,529	-6,184	-1,005	-2,563	-4,416	-3,965	-3,579	-2,965	0	0	0
Prepaids and other assets
52,693	-1,709	8,034	4,973	4,643	377	3,317	1,510	8,994	6,378	170	599	1,554	2,089	1,963	199	2,021	1,909	5,149	4,247	1,084	2,988	2,826	3,165	3,115	405	0	0	0
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Accounts payable
8,816	-869	-10,727	12,491	30,116	15,193	27,832	6,656	4,445	2,243	13,345	6,235	5,682	9,610	-10,723	5,621	-796	2,138	20,330	9,271	9,419	1,406	1,339	-4,642	-2,229	3,614	0	0	0
Accrued expenses and other liabilities
1,248	-2,325	1,815	672	1,542	4,195	1,168	-2,516	-5,189	-10,474	-6,811	-321	1,876	2,820	2,079	1,760	2,705	10,723	7,566	6,317	2,219	-764	-1,618	-1,274	-2,682	-169	0	0	0
Deferred rent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-41	-75	-193	-250	-259	-244	-253	-201	0	0	0
Net cash (used in) provided by operating activities
32,600	74,830	35,564	52,961	63,172	65,392	86,893	60,014	49,928	48,172	49,632	59,048	42,858	38,845	28,179	30,503	25,619	30,022	27,265	29,181	42,900	32,905	36,264	30,693	14,847	22,619	0	0	0
INVESTING ACTIVITIES:
Purchases of property and equipment
59,070	53,526	35,694	37,534	33,525	30,203	27,135	20,563	18,113	16,864	13,158	10,496	10,396	12,024	11,740	13,176	13,700	10,894	9,069	6,974	5,233	4,625	5,164	4,359	4,011	3,932	0	0	0
Acquisition of businesses, net of cash acquired
-322,405	6,804	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	2,414	30,933	30,933	30,807	70,938	41,887	41,887	42,013	1,117	0	0	0
Purchase of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,401	1,401	1,401	1,401	0	0	0	0
Proceeds from sale of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	145	156	217	134	135	106	0	7	7	0	0	0
Net cash used in investing activities
-395,083	-60,330	-42,498	-44,338	-33,525	-30,203	-80,643	-74,155	-71,651	-70,456	-13,242	-10,694	-10,648	-12,222	-13,569	-14,762	-15,210	-13,163	-39,846	-37,690	-35,906	-76,829	-48,346	-47,647	-47,418	-5,042	0	0	0
FINANCING ACTIVITIES:
Proceeds (repurchases) from stock compensation, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Proceeds from the exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Excess tax benefit from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	539	35	1,489	1,807	2,680	3,046	1,662	1,061	0	0	0	0
Repurchase of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	7,947	7,948	9,191	9,451	5,236	5,807	4,564	4,304	571	0	0	0	-	-	-	-
Proceeds from line of credit
197,500	67,500	92,500	70,000	51,000	25,000	0	0	0	-	-	-	-	29,500	32,500	29,000	47,000	37,000	37,600	39,600	15,600	18,600	15,000	40,721	36,721	27,721	0	0	0
Payments on line of credit
183,053	57,053	77,053	55,109	55,020	60,585	42,585	37,476	25,565	7,000	0	3,500	6,500	12,500	26,000	30,500	35,500	35,500	25,600	19,600	15,600	26,600	39,500	41,500	37,500	20,500	0	0	0
Proceeds from issuance of debt, net of origination fees of $6,622
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	79,556	49,722	49,722	49,722	0	0	0	0
Proceeds from related party line of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	31,858	0	0	0
Payments on related party line of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32,608	0	0	0
Repayment of debt
0	2,813	2,813	4,219	5,625	3,750	4,688	4,219	3,751	3,750	8,750	8,750	8,750	8,522	3,294	3,066	2,838	2,838	12,878	26,794	30,709	30,000	0	0	0	-	-	-	-
Repurchases from stock compensation program, net
7,593	6,775	6,848	3,557	3,950	4,096	5,168	7,612	7,234	3,981	2,705	739	-880	1,034	1,724	952	82	163	0	0	0	-	-	-	-	-	-	-	-
Repayment of related party debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	58,500	0	0	0
Net cash provided by financing activities
400,233	859	5,786	7,115	-13,595	-43,431	-10,321	-7,187	188	22,007	-16,836	-14,869	1,392	1,830	-3,239	-12,125	-8,536	-14,052	16,188	13,335	-1,345	46,731	10,575	18,623	34,432	-15,907	0	0	0
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS
144	419	295	597	3	253	140	669	777	944	1,516	-264	125	-117	-778	320	187	-75	-444	-494	-447	-278	-52	3	8	-2	0	0	0
CHANGE IN CASH AND CASH EQUIVALENTS
37,894	15,778	-853	16,335	16,055	-7,989	-3,931	-20,659	-20,758	667	21,070	33,221	33,727	28,336	10,593	3,936	2,060	2,732	3,163	4,332	5,202	2,529	-1,559	1,672	1,869	1,668	0	0	0
SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid during the period for:
Income taxes
31,330	28,293	31,348	27,776	24,123	24,610	21,669	22,148	17,744	15,951	9,403	8,555	9,517	8,880	19,029	17,172	19,143	15,928	10,869	11,397	9,023	9,338	10,542	10,347	11,976	10,778	0	0	0
Cash paid for interest, net of capitalized interest
2,789	2,762	2,504	2,571	2,605	2,756	2,750	2,666	2,353	2,012	2,035	1,985	1,988	1,786	1,565	1,471	1,373	1,338	1,232	1,108	1,012	809	705	1,252	1,768	2,565	0	0	0
Cash paid for amounts included in the measurement of lease liabilities
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash operating activities:
Right-of-use assets obtained in exchange for lease obligations
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash investing and financing activities:
Capital expenditures included in accounts payable
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-