Graham corp (GHM)
CashFlow / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10
Operating activities:
Net income

9

1,205

82

-4,553

95

1,827

2,323

833

-11,622

10

935

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) income

-

-

-

-

-

-

-

-

-

-

-

-

1,840

1,297

85

520

1,274

1,976

2,361

4,165

3,992

4,186

2,392

2,317

1,431

2,589

3,808

4,096

3,047

2,615

1,390

429

1,640

5,468

3,016

2,680

759

1,557

878

Adjustments to reconcile net income to net cash (used) provided by operating activities:
Depreciation

488

490

490

499

489

490

490

496

497

496

497

521

523

524

524

526

549

563

563

518

520

521

520

499

492

493

493

461

463

463

464

508

458

366

353

444

314

288

288

Amortization

0

0

11

59

59

60

59

59

59

60

58

59

58

59

58

59

58

59

58

58

59

58

54

54

55

56

57

-

-

-

-

-

-

-

-

-

-

-

-

Amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

57

57

56

56

67

58

158

196

112

3

3

Amortization of unrecognized prior service cost and actuarial losses

249

249

249

220

218

218

219

262

263

262

263

344

348

347

348

303

304

304

303

125

130

129

130

223

221

221

221

227

222

222

222

99

98

97

98

75

73

75

70

Stock-based compensation (income) expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-42

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discount accretion on investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

2

1

3

5

4

4

2

1

0

1

3

6

12

17

15

Equity-based compensation expense

319

324

88

272

263

274

260

215

213

216

-67

-

-

-

-

157

161

159

220

172

183

175

123

150

147

147

195

113

144

148

171

146

145

186

134

142

152

125

59

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

-

-

-

0

0

1

-31

-

-

-

-

-3

0

0

-1

-

-

-

-

-

-

-

-

-

-

-

-

-77

-9

4

-3

-

-

-

-

-

-

-

-

Loss on sale of Energy Steel & Supply Co.

0

0

-87

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-86

-83

202

-287

-79

6

201

410

-3,604

-79

185

-894

-11

-85

106

-2,118

-36

242

390

438

-136

-138

-7

-1,099

-132

37

183

-2,098

-201

41

-99

4,221

18

138

36

-346

-733

133

23

(Increase) decrease in operating assets:
Accounts receivable

5,725

-2,199

-3,088

4,277

-394

2,887

-5,543

443

5,180

125

-276

-1

-6,880

2,243

3,511

1,889

-11,270

6,642

-1,701

1,972

-8

2,988

1,958

-2,018

-1,577

-3,304

7,900

-2,054

-170

1,999

-2,039

1,187

-7,727

3,165

6,219

2,648

-4,650

3,193

-1,346

Unbilled revenue

1,285

3,191

2,323

508

-3,265

-1,263

6,539

-2,696

-1,984

1,208

-4,394

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unbilled revenue

-

-

-

-

-

-

-

-

-

-

-

-

4,403

-3,620

1,868

3,369

-68

-9,907

-177

5,372

3,092

2,567

-196

1,241

-2,919

-648

-2,992

5,432

-2,108

2,103

-5,012

29

-1,493

2,015

-2,164

6,820

2,880

-1,961

2,933

Inventories

-3,235

-438

-552

3,881

1,839

1,498

-5,150

2,663

494

492

-1,338

136

1,253

610

-3,560

-989

1,151

-1,053

-2,284

-638

599

1,216

-3,702

5,436

-136

1,704

-1,843

3,976

-2,288

3,043

580

73

-635

959

-2,588

2,872

960

245

-2,354

Income taxes receivable/payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-214

1,222

-518

-2,374

361

-585

-196

-297

1,236

1,233

336

-1,060

1,628

491

168

403

783

-4,056

-2,700

-707

1,211

1,013

1,047

24

-381

Prepaid expenses and other current and non-current assets

116

-275

166

-197

94

228

451

-415

-183

440

334

-378

-262

-41

792

-258

19

-61

462

-278

-122

65

487

-511

-131

-188

645

374

-219

50

95

-119

162

-311

373

-334

12

-467

726

Income taxes receivable

-68

-420

187

-

-1,073

788

-485

-

98

1,579

-72

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease assets

-38

-33

-105

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid pension asset

218

217

218

288

317

288

288

239

292

239

239

-

-

-

-

305

306

306

305

263

264

261

320

198

198

199

198

192

191

192

192

209

208

208

208

194

194

194

194

Increase (decrease) in operating liabilities:
Prepaid pension asset

218

217

218

288

317

288

288

239

292

239

239

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

194

194

194

Accounts payable

1,685

844

-5,565

5,564

-2,039

1,025

-7,122

6,762

2,161

4

-3,170

2,251

1,830

-2,992

-1,011

-620

-1,499

428

-1,145

531

224

5,375

-3,015

2,024

509

-207

-1,731

3,214

-2,490

2,573

-340

-24

62

-1,016

-2,711

4,230

-1,672

1,647

-1,526

Accrued compensation, accrued expenses and other current and non-current liabilities

-31

737

-1,005

172

-140

764

322

639

-729

598

-1,462

-

-

-

-115

617

-964

-547

-2,284

2,843

622

1,257

259

-48

-59

-99

234

1,197

-1,173

309

-274

-506

-86

1,753

-989

941

384

1,018

-1,882

Customer deposits

-822

-874

-242

151

2,081

4,739

-643

-4,608

4,840

459

101

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

-37

-37

-27

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer deposits

-

-

-

-

-

-

-

-

-

-

-

-

1,412

-1,407

6,694

283

5,263

-523

-796

-2,870

-2,579

1,113

502

-296

2,648

-2,140

797

-2,342

3,852

1,322

-3,087

-733

-1,722

-2,304

-867

-1,537

-4,730

-3,048

-183

Long-term portion of accrued compensation, accrued pension liability and accrued postretirement benefits

27

26

26

-33

31

31

28

-33

29

28

29

563

-208

-207

-93

-58

19

8

-95

59

18

19

-138

-66

-140

20

26

-85

16

9

6

-87

27

3

24

-158

21

14

19

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

7,456

-563

3,814

-3,420

14,472

4,368

3,331

-1,226

-985

5,301

3,189

659

10,278

2,293

2,000

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used) provided by operating activities

-2,204

2,838

-4,753

-618

3,460

5,007

68

4,637

3,026

-2,028

2,876

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,704

767

5,477

-

7,493

-1,991

-1,588

-4,521

-3,653

605

-2,800

Investing activities:
Purchase of property, plant and equipment

710

385

294

667

1,104

204

163

1,508

112

314

117

84

82

30

129

270

360

259

264

335

869

1,527

2,569

3,102

1,263

603

295

684

393

278

300

622

1,127

1,154

340

544

746

164

525

Proceeds from the sale of Energy Steel & Supply Co.

0

0

602

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of investments

59,000

53,763

28,651

13,999

36,732

9,000

55,611

20,000

9,023

0

25,000

16,000

15,000

15,000

9,000

8,000

18,000

9,000

9,000

9,000

18,000

18,000

5,000

28,999

25,498

31,998

22,999

23,496

26,994

12,498

20,996

16,498

2,000

4,700

9,698

17,315

23,514

64,051

50,837

Redemption of investments at maturity

61,914

50,637

32,595

15,000

28,610

12,000

33,023

22,000

12,000

9,000

9,000

17,000

15,000

21,000

9,000

9,000

9,000

9,000

9,000

9,000

18,000

0

19,000

30,500

27,000

27,500

23,000

23,000

22,500

12,500

15,000

2,000

4,700

15,900

17,320

21,320

60,070

64,570

56,350

Net cash (used) provided by investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-82

5,970

-129

729

-9,359

-256

-264

-335

-868

-19,527

11,431

-1,601

271

-5,101

-294

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided (used) by investing activities

2,206

-3,511

4,252

334

-9,226

2,796

-22,751

497

2,865

8,687

-16,117

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,887

-272

-6,296

-

1,957

10,050

7,282

3,462

17,910

369

4,988

Financing activities:
Principal repayments on capital lease obligations

-

15

10

-

-

26

26

29

27

27

24

20

18

9

11

17

15

12

15

16

20

23

21

23

21

23

21

24

20

20

21

24

19

21

17

19

16

17

16

Issuance of common stock

-

-

-

136

0

69

102

-

-

-

-

58

41

34

4

0

0

1

96

-1

19

0

29

160

162

211

48

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

312

0

66

90

42

38

66

Dividends paid

1,088

1,087

988

983

983

983

885

879

880

879

879

876

876

874

866

881

795

807

813

811

405

405

405

403

302

302

301

300

200

199

200

199

198

198

198

198

196

198

198

Purchase of treasury stock

0

0

230

0

0

0

146

0

0

0

119

0

-1

0

30

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax deduction on stock awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

0

34

51

101

58

61

-

-

6

-11

50

125

0

72

54

14

30

22

Excess tax (deficiency) benefit on stock awards

-

-

-

-

-

-

-

-

-

-

-

7

-6

15

-35

1

0

-7

12

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-858

-834

-938

-4,486

-3,263

-4,224

-720

-665

-403

-428

-363

-215

-60

-56

-213

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used by financing activities

-1,077

-1,102

-1,228

-863

-1,012

-940

-955

-908

-907

-906

-1,022

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-176

-199

-232

-

7

-227

-77

-73

-309

-868

-126

Effect of exchange rate changes on cash

44

-111

-76

45

75

-162

-141

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents, including cash classified within current assets held for sale

-

-1,886

-1,805

-

-

6,701

-23,779

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Plus: Net decrease in cash classified within current assets held for sale

-

0

-552

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents, including cash classified within current assets held for sale

-1,583

-1,886

-1,253

-1,654

-6,703

6,701

-23,779

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash

-

-

-

-

-

-

-

-

-

-

49

-

-113

-4

-114

34

-51

-88

-2

1

-43

39

7

-104

56

33

6

-2

46

0

-11

10

18

7

22

-3

12

37

5

Net decrease in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-14,214

-

6,403

4,569

2,633

-7,143

1,799

-200

2,345

-2,225

-2,299

-14,615

14,264

-1,261

10,545

-2,831

1,499

-3,916

3,687

296

-1,062

-17,329

9,475

7,839

5,639

-1,135

13,960

143

2,067