FEDERAL SIGNAL CORPORATION FSS Cash Flow

Federal signal corporation (FSS)

CashFlow / Quarterly

Mar'20	Dec'19	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	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Operating activities:
Net income
23,400	29,800	28,400	32,800	17,500	32,500	21,700	26,900	12,900	30,400	12,500	11,400	7,300	12,600	8,500	9,100	13,600	11,500	18,800	18,300	14,900	23,800	15,400	17,100	7,400	27,100	16,000	117,500	-600	4,700	-14,700	-16,400	-1,100	-15,200	2,400	3,900	-5,300
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Net gain on sales of properties and equipment
200	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on discontinued operations and disposal
-	-	-	-	-	-	-	-	-	-	-	-	100	500	1,000	-300	3,200	-5,900	3,000	100	500	3,900	200	100	-200	8,100	-800	-300	500	-100	-19,200	-26,000	-4,200	-	-	-	-
Depreciation and amortization
10,800	11,400	10,800	9,800	9,500	9,400	9,400	9,000	8,600	8,700	9,000	6,600	5,700	6,100	5,800	4,200	3,000	3,200	2,900	3,200	3,000	400	3,800	3,700	3,600	600	3,500	3,500	3,400	3,600	3,000	3,400	3,200	3,400	3,100	700	5,800
Deferred financing costs
100	0	100	100	100	100	100	100	100	100	0	100	100	100	0	100	400	100	100	100	100	200	100	100	100	100	100	0	4,800	-	-	-	-	-	-	-	-
Deferred gain
-	-	-	-	-	500	500	500	400	500	500	500	500	500	500	400	500	400	500	500	500	400	500	500	500	400	500	500	500	-	-	-	-	-	-	-	-
Debt settlement charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	600	-	-	-	-
Stock-based compensation expense
1,000	2,900	1,700	2,800	1,400	1,800	1,800	3,200	800	1,100	800	2,300	400	1,400	1,200	1,800	400	2,000	1,700	2,000	1,100	2,100	1,200	1,900	900	1,700	500	1,200	600	500	700	700	700	200	300	500	800
Pension (benefit) expense, net of funding
400	0	0	0	100	200	4,400	2,100	1,100	1,000	1,400	1,800	1,000	-500	2,000	1,200	1,000	-7,200	1,200	500	1,700	-11,400	3,100	1,400	1,000	-200	-1,000	-100	-100	500	-4,700	-700	-800	-	-	-	-
Changes in fair value of contingent consideration and deferred payment
0	-200	0	-500	-300	-300	-200	-300	-300	-200	-300	-300	-200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	100	200	-	-	-	-
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,600
Deferred income taxes
2,800	-5,300	4,600	2,800	1,200	-7,400	-200	1,300	700	-18,200	500	-1,200	4,000	-1,700	2,600	1,100	5,900	5,600	5,700	5,700	8,900	4,200	2,700	7,300	4,700	-19,200	3,600	-95,400	500	-7,400	4,200	2,100	-3,700	-	-	-	-
Changes in operating assets and liabilities:
Changes in operating assets and liabilities
32,300	-	9,700	14,200	38,700	-	-5,900	10,700	11,600	-	14,900	-14,800	2,400	-	1,700	4,400	25,300	-	-4,800	-2,100	24,500	-	-1,500	-2,500	22,400	-	-3,400	2,600	20,800	-	300	17,700	-7,700	-	400	-8,400	17,000
Net cash provided by continuing operating activities
-	-	-	-	-	-	-	-	-	21,400	6,300	32,100	13,700	9,600	13,200	10,600	-6,700	30,700	29,600	30,000	800	36,500	20,900	30,700	-7,000	27,500	26,400	24,100	-13,200	30,400	9,300	-1,500	11,000	1,700	9,900	19,800	-17,300
Net cash used for discontinued operating activities
-	-	-	-	-	-	-	-	-	-200	-200	-300	0	-2,800	-500	0	1,300	-1,400	10,900	-5,900	2,500	-8,500	0	-100	-200	15,100	-100	-3,300	-1,700	-4,900	-11,100	-1,600	-8,400	1,300	-2,600	-8,100	-900
Net cash provided by (used for) operating activities
5,200	44,500	32,800	34,600	-8,800	21,000	34,000	27,500	10,300	21,200	6,100	31,800	13,700	6,800	12,700	10,600	-5,400	29,300	40,500	24,100	3,300	28,000	20,900	30,600	-7,200	42,600	26,300	20,800	-14,900	25,500	-1,800	-3,100	2,600	3,000	7,300	11,700	-18,200
Investing activities:
Purchases of properties and equipment
9,500	14,200	11,800	4,900	4,500	4,000	3,100	4,000	3,000	2,700	2,600	1,600	1,100	1,300	1,200	1,600	2,000	-	-	-	2,700	400	3,900	5,200	4,200	-2,100	4,200	5,100	4,400	3,800	3,700	2,100	3,400	2,900	4,000	2,300	4,300
Proceeds from sales of properties and equipment
300	-	-	-	0	-	-	-	100	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-1,900	500	300	1,200	500	300	500	500	700	300	500	400
(Payments for) proceeds from acquisition-related activity
-800	0	49,600	0	0	0	0	0	-3,000	0	0	269,200	0	0	0	96,400	6,200	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from escrow receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	400	0	0	7,000	0	0	0	0	-	-	-	-	-	-	-	-
Other, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-200	0	0	500	0	0	-100	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-1,000	-500	0	-600	2,100	-	-	-	-
Net cash used for continuing investing activities
-	-	-	-	-	-	-	-	-	-2,800	-2,500	-270,700	-1,100	-1,100	4,800	-98,000	-8,700	-7,900	1,400	-2,300	-2,700	200	-3,700	-5,100	2,800	200	-3,700	-4,800	-2,200	-2,800	78,700	-1,000	-5,000	-2,200	-3,700	-1,800	-3,900
Net cash used for discontinued investing activities
-	-	-	-	-	-	-	-	-	0	0	0	-1,100	-1,800	0	5,700	82,300	-300	-500	-400	-100	-	-	-	-	-5,400	0	0	0	-	0	0	0	-	0	0	0
Net cash used for investing activities
-8,400	-14,100	-60,900	-4,900	-4,500	-3,900	-3,200	-4,000	100	-2,800	-2,500	-270,700	-2,200	-2,900	4,800	-92,300	73,600	-8,200	900	-2,700	-2,800	-	-	-	-	-5,200	-3,700	-4,800	-2,200	-	78,700	-1,000	-5,000	-	-3,700	-1,800	-3,900
Financing activities:
Increase in revolving lines of credit, net
63,600	-30,100	40,600	-8,600	5,500	-8,500	-27,000	-18,000	-8,600	-5,000	-8,900	223,000	0	-	-	-	-	-	-	-	-	0	0	-10,000	-10,000	-32,500	-16,500	-15,000	81,500	-200	-11,300	1,000	-162,800	-	-	-	-
Payments on short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,000	-	17,000	10,200	15,200
Reduction in debt outstanding under revolving credit facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,000	3,000	21,600
Proceeds on short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,500	6,800	26,200
Proceeds from issuance of long-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	75,000	0	0	0	215,000	-	-	-	-
Increase in short-term borrowings, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,100	6,100	-	0	0	-300	-1,900	-2,300	-15,000	9,700	-	-	-	-
Payments on long-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	43,400	2,900	1,500	1,400	0	-	-	-	-	2,900	0	1,500	149,200	100	65,000	900	33,500	900	900	1,800	9,600
Payments of debt financing fees
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,100	0	0	0	0	-	-	-	-	-100	0	100	6,100	0	700	0	6,200	0	200	0	2,100
Purchases of treasury stock
13,500	0	0	0	1,000	1,200	0	0	0	-	-	-	-	4,000	700	16,800	16,300	0	5,600	1,400	3,600	3,600	3,400	3,300	0	-	-	-	-	-	-	-	-	-	-	-	-
Redemptions of common stock to satisfy withholding taxes related to stock-based compensation
4,000	200	300	500	1,100	100	100	200	100	400	100	500	1,900	100	0	200	2,400	0	300	300	2,600	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid to stockholders
4,800	4,800	4,900	4,800	4,800	4,900	4,800	4,800	4,200	4,200	4,200	4,200	4,200	4,100	4,200	4,300	4,300	4,300	3,800	3,700	3,800	1,800	1,900	1,900	0	-	-	-	-	-	-	-	-	0	0	-100	3,800
Proceeds from stock-based compensation activity
-	-	-	-	-	-	200	800	100	-	300	600	600	-	200	200	0	-	500	200	200	-	700	500	600	-	0	0	0	-	-	-	-	-	-	-	-
Other, net
100	0	100	-100	0	-100	0	0	100	200	-100	-100	-100	-100	0	-200	-200	0	-100	-100	-200	-400	-200	-200	-200	-2,800	900	800	100	100	1,400	200	700	-	-	-	-200
Net cash provided by (used for) continuing financing activities
-	-	-	-	-	-	-	-	-	-	-13,000	218,600	-5,600	-8,200	-4,700	43,500	-67,700	-6,000	-10,600	-6,400	-10,000	-21,100	-11,700	-17,400	-3,500	-	-15,600	-15,800	1,000	-2,100	-77,900	1,300	6,900	-4,800	-5,900	-7,900	-26,300
Net cash used for discontinued financing activities
-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	700	0	0	-3,000	3,000	-	-	-	-	-	0	0	0	0	0	0	-900	39,800	-6,300	-7,900	-26,200
Net cash provided by (used for) financing activities
41,400	-35,100	25,900	-14,000	-1,400	-14,600	-31,700	-22,200	-12,700	-9,300	-13,000	218,600	-5,600	-8,200	-4,700	43,500	-67,000	-6,000	-10,600	-9,400	-7,000	-	-	-	-	-35,200	-15,600	-15,800	1,000	-2,100	-77,900	1,300	6,000	-45,200	-200	-200	100
Effects of foreign exchange rate changes on cash and cash equivalents
-400	400	-500	200	0	-100	-100	-700	200	200	600	500	200	-800	-700	-400	100	-300	-500	900	-900	0	-600	100	100	700	800	100	-800	-	-	-	300	600	1,600	-400	-1,100
Increase (decrease) in cash and cash equivalents
37,800	-4,300	-2,700	15,900	-14,700	2,400	-1,000	600	-2,100	9,300	-8,800	-19,800	6,100	-5,100	12,100	-38,600	1,300	14,800	30,300	12,900	-7,400	1,300	4,900	8,200	-7,800	2,900	7,800	300	-16,900	20,600	-1,200	-3,100	3,900	-3,700	-1,100	1,600	-49,400