Forterra, inc. (FRTA)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (Loss) Attributable to Parent

-14,066

-7,676

22,430

2,954

-25,039

-16,952

5,503

6,994

-19,910

43,158

-11,502

-11,173

-22,543

-48,727

8,368

36,689

-3,936

Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation & amortization expense

22,501

24,304

24,172

24,390

24,392

26,050

25,925

26,036

27,412

28,196

29,158

28,501

29,804

-

-

-

13,759

(Gain) / loss on business divestiture

-

-

-

-

-

0

0

0

6,016

-672

-31,606

0

0

-

-

-

-

(Gain) / loss on disposal of property, plant and equipment

-36

-494

-518

-1,086

53

1,819

-124

2,624

-53

-358

-555

-420

-774

-20,098

-2,386

1,215

2

Gain (Loss) on Extinguishment of Debt

-50

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt discount and issuance costs

1,871

1,940

2,009

2,014

1,999

2,044

2,049

2,033

2,017

2,062

2,067

2,018

1,976

1,851

2,633

1,925

1,835

Stock-based compensation expense

2,864

3,086

2,172

1,132

1,529

1,652

1,450

1,984

1,154

858

1,443

1,395

0

-

-

-

-

Income (Loss) from Equity Method Investments

2,799

1,507

3,990

3,402

1,567

2,417

2,224

3,672

1,849

2,911

2,936

3,342

3,171

2,933

4,146

3,565

1,303

Proceeds from Equity Method Investment, Distribution

1,600

4,539

5,000

0

1,500

4,266

3,875

5,000

0

4,717

3,750

3,000

2,250

5,493

3,300

3,000

1,500

Unrealized loss on derivative instruments, net

-746

-

-

-

-2,092

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized loss / (gain) on derivative instruments, net

-

-

-

-

-

-

71

871

3,349

-

709

-708

2,034

-

-

-

-

Unrealized foreign currency loss / (gain), net

-335

-10

-128

-167

260

169

163

8

187

-699

380

960

-26

-

-

-

2,782

Provision (recoveries) for doubtful accounts

-132

-124

705

-681

487

681

-1,589

298

-614

658

891

-279

1,677

-629

-1,595

277

83

Deferred taxes

5,970

-8,395

-2,106

-3,639

-5,927

4,019

-2,065

-14,078

-8,644

-9,175

-4,209

-7,598

-4,514

-15,773

-13,470

-27,187

-11,189

Deferred rent

-

-

-

-

-

-

-

-

-585

-

-

-

-

-

-

-

-

Deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

-589

-

0

-28

28

Other non-cash items

-1,106

-1,508

1,107

-532

-387

-6

394

-14

-457

-30

-56

348

-458

-967

9

-54

0

Change in assets and liabilities:
Receivables, net

23,371

-80,744

20,325

59,668

8,145

-81,254

11,658

72,059

3

-68,143

14,912

27,996

42,066

-78,443

14,270

28,219

19,102

Inventories

21,842

-18,382

-34,843

-14,366

20,100

20,294

-10,606

4,853

30,772

-20,055

-31,241

11,153

38,305

3,454

-11,430

-12,696

5,756

Related party receivables

-

-

-

-

-

-

-

-

-

-

-

-

5,972

-

-

-

0

Other current assets

6,572

782

-1,937

-2,219

2,860

-1,747

11,951

-15,991

-2,870

8,481

7,332

6,836

1,354

-

-

-

-

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,944

7,897

3,020

Accounts payable and accrued liabilities

11,406

-34,584

24,193

25,513

-12,447

-29,590

-422

33,444

-7,980

-22,092

23,699

-23,439

2,408

-35,509

9,695

2,591

-4,432

Other assets & liabilities

-1,072

178

-1,971

-6,718

-57

-2,059

1,911

-2,660

-1,435

-3,241

-3,606

8,235

-2,214

3,728

1,237

-9,822

1,461

NET CASH USED IN OPERATING ACTIVITIES

-19,225

81,064

93,044

16,633

-43,955

55,791

18,063

-3,317

-43,341

81,467

86,911

-48,261

-77,783

46,053

37,238

29,468

-35,834

CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property, plant and equipment, and intangible assets

4,278

-

10,270

11,102

22,949

-

13,845

8,356

9,273

-

-

-

-

-

-

-

-

Proceeds from business divestiture

-

-

-

-

-

-

-

-

10,055

-

-

-

-

-

-

-

-

Purchase of property, plant and equipment, and intangible assets

-

-

-

-

-

-

-

-

-

-

-

12,947

17,077

27,246

10,703

9,590

6,750

Proceeds from sale of fixed assets

0

834

1,071

9,335

174

3,555

0

4,874

0

-

-

-

-

-

-

-

-

Payments for Hedge, Investing Activities

-

-

-

-

-

0

0

0

4,990

0

0

0

0

-

-

-

-

Assets and liabilities acquired, business combinations, net

-

-

-

-

-

-

-

-

-

-

-

-

35,346

135,687

30,610

775,110

66,751

NET CASH USED IN INVESTING ACTIVITIES

-4,278

-8,554

-9,199

-1,767

-22,775

-15,580

-14,813

-16,451

-4,208

-15,114

14,495

-12,981

-52,423

-162,933

-41,313

-784,700

-73,501

CASH FLOWS FROM FINANCING ACTIVITIES
Payments on term loans

8,071

70,631

18,855

3,127

3,128

3,127

3,128

3,127

3,128

3,128

3,127

3,128

2,625

1,298,345

0

0

2,191

Proceeds from revolver

180,000

0

0

12,000

42,000

0

0

0

0

0

0

60,000

134,000

267,000

25,000

26,611

80,000

Payments on revolver

-

-

-

-

-

-

-

-

-

0

80,000

199,000

14,000

193,000

0

48,607

6,566

Proceeds from settlement of derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-20

6,566

Other financing activities

-341

-201

-157

-212

-183

-149

-120

-129

-136

-12

-122

-103

-7

-6,464

0

0

0

NET CASH PROVIDED BY FINANCING ACTIVITIES

171,588

-81,801

-56,730

-6,339

38,689

-33,683

-3,248

-3,256

-3,264

-3,140

-83,249

55,271

117,368

121,509

-1,649

784,059

77,809

Effect of exchange rate changes on cash

-474

-

-

-

423

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash and cash equivalents

147,611

-

-

-

-27,618

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash

-

-

-

-

-

-

-

-149

-366

-

950

455

354

-822

124

1,187

-261

Net change in cash and cash equivalents

-

-

-

-

-

-

-

-23,173

-51,179

-

19,107

-5,516

-12,484

3,807

-5,600

30,014

-31,787

Cash interest paid

17,138

-

20,303

19,848

18,987

-

19,604

16,517

14,096

-

-

-

-

-

-

-

-

Income taxes paid (refunds received), net

-99

-

-

-

1,209

-

-

-

-

-

-

-

-

-

-

-

-

Cash interest paid

-

-

-

-

-

-

-

-

-

-

-

13,727

12,738

-

24,561

18,684

8,231

Income taxes paid

-

-

-

-

-

-

16,900

3,709

899

-

1,708

24,957

925

-

0

0

0

Assets and liabilities acquired in non-cash exchange

-

-

-

-

-

-

0

0

18,140

-

0

0

0

-

-

-

-

Fair value changes of derivatives recorded in OCI, net of tax

-

-

-

-

-

-

0

0

970

-

-

-

-

-

174

-218

-1,209

Leased assets obtained in exchange for new lease liabilities

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-