FEDERAL SIGNAL CORPORATION FSS Cash Flow

Federal signal corporation (FSS)

CashFlow / TTM

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
114,400	108,500	111,200	104,500	98,600	94,000	91,900	82,700	67,200	61,600	43,800	39,800	37,500	43,800	42,700	53,000	62,200	63,500	75,800	72,400	71,200	63,700	67,000	67,600	168,000	160,000	137,600	106,900	-27,000	-27,500	-47,400	-30,300	-10,000	-14,200	0	0	0
Adjustments to reconcile net income to net cash provided by (used for) operating activities:
Net gain on sales of properties and equipment
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on discontinued operations and disposal
-	-	-	-	-	-	-	-	-	-	-	-	1,300	4,400	-2,000	0	400	-2,300	7,500	4,700	4,700	4,000	8,200	7,200	6,800	7,500	-700	-19,100	-44,800	-49,500	0	0	0	-	-	-	-
Depreciation and amortization
42,800	41,500	39,500	38,100	37,300	36,400	35,700	35,300	32,900	30,000	27,400	24,200	21,800	19,100	16,200	13,300	12,300	12,300	9,500	10,400	10,900	11,500	11,700	11,400	11,200	11,000	14,000	13,500	13,400	13,200	13,000	13,100	10,400	13,000	0	0	0
Deferred financing costs
300	300	400	400	400	400	400	300	300	300	300	300	300	600	600	700	700	400	500	500	500	500	400	400	300	5,000	0	0	0	-	-	-	-	-	-	-	-
Deferred gain
-	-	-	-	-	1,900	1,900	1,900	1,900	2,000	2,000	2,000	1,900	1,900	1,800	1,800	1,900	1,900	1,900	1,900	1,900	1,900	1,900	1,900	1,900	1,900	0	0	0	-	-	-	-	-	-	-	-
Debt settlement charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Stock-based compensation expense
8,400	8,800	7,700	7,800	8,200	7,600	6,900	5,900	5,000	4,600	4,900	5,300	4,800	4,800	5,400	5,900	6,100	6,800	6,900	6,400	6,300	6,100	5,700	5,000	4,300	4,000	2,800	3,000	2,500	2,600	2,300	1,900	1,700	1,800	0	0	0
Pension (benefit) expense, net of funding
400	100	300	4,700	6,800	7,800	8,600	5,600	5,300	5,200	3,700	4,300	3,700	3,700	-3,000	-3,800	-4,500	-3,800	-8,000	-6,100	-5,200	-5,900	5,300	1,200	-300	-1,400	-700	-4,400	-5,000	-5,700	0	0	0	-	-	-	-
Changes in fair value of contingent consideration and deferred payment
-700	-1,000	-1,100	-1,300	-1,100	-1,100	-1,000	-1,100	-1,100	-1,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Deferred income taxes
4,900	3,300	1,200	-3,600	-5,100	-5,600	-16,400	-15,700	-18,200	-14,900	1,600	3,700	6,000	7,900	15,200	18,300	22,900	25,900	24,500	21,500	23,100	18,900	-4,500	-3,600	-106,300	-110,500	-98,700	-98,100	-600	-4,800	0	0	0	-	-	-	-
Changes in operating assets and liabilities:
Changes in operating assets and liabilities
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Net cash provided by continuing operating activities
-	-	-	-	-	-	-	-	-	73,500	61,700	68,600	47,100	26,700	47,800	64,200	83,600	91,100	96,900	88,200	88,900	81,100	72,100	77,600	71,000	64,800	67,700	50,600	25,000	49,200	20,500	21,100	42,400	14,100	0	0	0
Net cash used for discontinued operating activities
-	-	-	-	-	-	-	-	-	-700	-3,300	-3,600	-3,300	-2,000	-600	10,800	4,900	6,100	-1,000	-11,900	-6,100	-8,800	14,800	14,700	11,500	10,000	-10,000	-21,000	-19,300	-26,000	-19,800	-11,300	-17,800	-10,300	0	0	0
Net cash provided by (used for) operating activities
117,100	103,100	79,600	80,800	73,700	92,800	93,000	65,100	69,400	72,800	58,400	65,000	43,800	24,700	47,200	75,000	88,500	97,200	95,900	76,300	82,800	72,300	86,900	92,300	82,500	74,800	57,700	29,600	5,700	23,200	700	9,800	24,600	3,800	0	0	0
Investing activities:
Purchases of properties and equipment
40,400	35,400	25,200	16,500	15,600	14,100	12,800	12,300	9,900	8,000	6,600	5,200	5,200	6,100	0	0	0	-	-	-	12,200	13,700	11,200	11,500	11,400	11,600	17,500	17,000	14,000	13,000	12,100	12,400	12,600	13,500	0	0	0
Proceeds from sales of properties and equipment
0	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	100	2,500	2,300	2,500	1,800	2,000	2,000	2,000	1,900	0	0	0
(Payments for) proceeds from acquisition-related activity
48,800	49,600	49,600	0	0	-3,000	-3,000	-3,000	266,200	269,200	269,200	269,200	96,400	102,600	102,600	102,600	6,200	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from escrow receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,400	7,000	7,000	7,000	0	0	0	0	-	-	-	-	-	-	-	-
Other, net
-	-	-	-	-	-	-	-	-	-	-	-	-	300	500	500	400	-100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,000	-1,500	-1,500	-2,100	1,000	0	0	0	-	-	-	-
Net cash used for continuing investing activities
-	-	-	-	-	-	-	-	-	-277,100	-275,400	-268,100	-95,400	-103,000	-109,800	-113,200	-17,500	-11,500	-3,400	-8,500	-11,300	-5,800	-5,800	-5,800	-5,500	-10,500	-13,500	68,900	72,700	69,900	70,500	-11,900	-12,700	-11,600	0	0	0
Net cash used for discontinued investing activities
-	-	-	-	-	-	-	-	-	-1,100	-2,900	-2,900	2,800	86,200	87,700	87,200	81,100	-1,300	0	0	0	-	-	-	-	-5,400	0	0	0	-	0	0	0	-	0	0	0
Net cash used for investing activities
-88,300	-84,400	-74,200	-16,500	-15,600	-11,000	-9,900	-9,200	-275,900	-278,200	-278,300	-271,000	-92,600	-16,800	-22,100	-26,000	63,600	-12,800	0	0	0	-	-	-	-	-15,900	0	0	0	-	0	0	0	-	0	0	0
Financing activities:
Increase in revolving lines of credit, net
65,500	7,400	29,000	-38,600	-48,000	-62,100	-58,600	-40,500	200,500	209,100	0	0	0	-	-	-	-	-	-	-	-	-20,000	-52,500	-69,000	-74,000	17,500	49,800	55,000	71,000	-173,300	0	0	0	-	-	-	-
Payments on short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Reduction in debt outstanding under revolving credit facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Proceeds on short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Proceeds from issuance of long-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	75,000	75,000	75,000	75,000	215,000	0	0	0	-	-	-	-
Increase in short-term borrowings, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-2,200	-4,500	-19,500	-9,500	0	0	0	-	-	-	-
Payments on long-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	43,400	46,300	47,800	49,200	5,800	0	0	0	-	-	-	-	153,600	150,800	215,800	215,200	99,500	100,300	36,200	37,100	13,200	0	0	0
Payments of debt financing fees
-	-	-	-	-	-	-	-	-	-	-	-	-	1,100	1,100	1,100	1,100	0	0	0	0	-	-	-	-	6,100	6,200	6,900	6,800	6,900	6,900	6,400	6,400	2,300	0	0	0
Purchases of treasury stock
13,500	1,000	2,200	2,200	2,200	1,200	0	0	0	-	-	-	-	37,800	33,800	38,700	23,300	10,600	14,200	12,000	13,900	10,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Redemptions of common stock to satisfy withholding taxes related to stock-based compensation
5,000	2,100	2,000	1,800	1,500	500	800	800	1,100	2,900	2,600	2,500	2,200	2,700	2,600	2,900	3,000	3,200	3,200	2,900	2,600	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid to stockholders
19,300	19,300	19,400	19,300	19,300	18,700	18,000	17,400	16,800	16,800	16,700	16,700	16,800	16,900	17,100	16,700	16,100	15,600	13,100	11,200	9,400	5,600	0	0	0	-	-	-	-	-	-	-	-	3,700	0	0	0
Proceeds from stock-based compensation activity
-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Other, net
100	0	-100	-200	-100	0	300	200	100	-100	-400	-300	-400	-500	-400	-500	-400	-400	-800	-900	-1,000	-1,000	-3,400	-2,300	-1,300	-1,000	1,900	2,400	1,800	2,400	0	0	0	-	-	-	0
Net cash provided by (used for) continuing financing activities
-	-	-	-	-	-	-	-	-	-	191,800	200,100	25,000	-37,100	-34,900	-40,800	-90,700	-33,000	-48,100	-49,200	-60,200	-53,700	0	0	0	-	-32,500	-94,800	-77,700	-71,800	-74,500	-2,500	-11,700	-44,900	0	0	0
Net cash used for discontinued financing activities
-	-	-	-	-	-	-	-	-	-	0	0	0	700	700	700	-2,300	0	0	0	0	-	-	-	-	-	0	0	0	-900	38,900	32,600	24,700	-600	0	0	0
Net cash provided by (used for) financing activities
18,200	-24,600	-4,100	-61,700	-69,900	-81,200	-75,900	-57,200	183,600	190,700	191,800	200,100	25,000	-36,400	-34,200	-40,100	-93,000	-33,000	0	0	0	-	-	-	-	-65,600	-32,500	-94,800	-77,700	-72,700	-115,800	-38,100	-39,600	-45,500	0	0	0
Effects of foreign exchange rate changes on cash and cash equivalents
-300	100	-400	0	-900	-700	-400	300	1,500	1,500	500	-800	-1,700	-1,800	-1,300	-1,100	200	-800	-500	-600	-1,400	-400	300	1,700	1,700	800	0	0	0	-	-	-	2,100	700	0	0	0
Increase (decrease) in cash and cash equivalents
46,700	-5,800	900	2,600	-12,700	-100	6,800	-1,000	-21,400	-13,200	-27,600	-6,700	-25,500	-30,300	-10,400	7,800	59,300	50,600	37,100	11,700	7,000	6,600	8,200	11,100	3,200	-5,900	11,800	2,800	-600	20,200	-4,100	-4,000	700	-52,600	0	0	0