Graham corp (GHM)
CashFlow / TTM
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

-3,257

-3,171

-2,549

-308

5,078

-6,639

-8,456

-9,844

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) income

-

-

-

-

-

-

-

-

-

-

-

-

3,742

3,176

3,855

6,131

9,776

12,494

14,704

14,735

12,887

10,326

8,729

10,145

11,924

13,540

13,566

11,148

7,481

6,074

8,927

10,553

12,804

11,923

8,012

5,874

0

0

0

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

1,967

1,968

1,968

1,968

1,965

1,973

1,979

1,986

2,011

2,037

2,065

2,092

2,097

2,123

2,162

2,201

2,193

2,164

2,122

2,079

2,060

2,032

2,004

1,977

1,939

1,910

1,880

1,851

1,898

1,893

1,796

1,685

1,621

1,477

1,399

1,334

0

0

0

Amortization

70

129

189

237

237

237

237

236

236

235

234

234

234

234

234

234

233

234

233

229

225

221

219

222

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

226

236

237

339

479

524

469

314

0

0

0

Amortization of unrecognized prior service cost and actuarial losses

967

936

905

875

917

962

1,006

1,050

1,132

1,217

1,302

1,387

1,346

1,302

1,259

1,214

1,036

862

687

514

612

703

795

886

890

891

892

893

765

641

516

392

368

343

321

293

0

0

0

Stock-based compensation (income) expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discount accretion on investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8

11

13

16

15

11

7

4

5

10

22

38

50

0

0

0

Equity-based compensation expense

1,003

947

897

1,069

1,012

962

904

577

0

0

0

-

-

-

-

697

712

734

750

653

631

595

567

639

602

599

600

576

609

610

648

611

607

614

553

478

0

0

0

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

-

-

-

-30

0

0

0

-

-

-

-

-4

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-85

0

0

0

-

-

-

-

-

-

-

-

Loss on sale of Energy Steel & Supply Co.

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-254

-247

-158

-159

538

-2,987

-3,072

-3,088

-4,392

-799

-805

-884

-2,108

-2,133

-1,806

-1,522

1,034

934

554

157

-1,380

-1,376

-1,201

-1,011

-2,010

-2,079

-2,075

-2,357

3,962

4,181

4,278

4,413

-154

-905

-910

-923

0

0

0

(Increase) decrease in operating assets:
Accounts receivable

4,715

-1,404

3,682

1,227

-2,607

2,967

205

5,472

5,028

-7,032

-4,914

-1,127

763

-3,627

772

-4,440

-4,357

6,905

3,251

6,910

2,920

1,351

-4,941

1,001

965

2,372

7,675

-2,264

977

-6,580

-5,414

2,844

4,305

7,382

7,410

-155

0

0

0

Unbilled revenue

7,307

2,757

-1,697

2,519

-685

596

3,067

-7,866

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unbilled revenue

-

-

-

-

-

-

-

-

-

-

-

-

6,020

1,549

-4,738

-6,783

-4,780

-1,620

10,854

10,835

6,704

693

-2,522

-5,318

-1,127

-316

2,435

415

-4,988

-4,373

-4,461

-1,613

5,178

9,551

5,575

10,672

0

0

0

Inventories

-344

4,730

6,666

2,068

850

-495

-1,501

2,311

-216

543

661

-1,561

-2,686

-2,788

-4,451

-3,175

-2,824

-3,376

-1,107

-2,525

3,549

2,814

3,302

5,161

3,701

1,549

2,888

5,311

1,408

3,061

977

-2,191

608

2,203

1,489

1,723

0

0

0

Income taxes receivable/payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,884

-1,309

-3,116

-2,794

-717

158

1,976

2,508

1,745

2,137

1,395

1,227

2,690

1,845

-2,702

-5,570

-6,680

-6,252

-1,183

2,564

3,295

1,703

0

0

0

Prepaid expenses and other current and non-current assets

-190

-212

291

576

358

81

293

176

213

134

-347

111

231

512

492

162

142

1

127

152

-81

-90

-343

-185

700

612

850

300

-193

188

-173

105

-110

-260

-416

-63

0

0

0

Income taxes receivable

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease assets

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid pension asset

941

1,040

1,111

1,181

1,132

1,107

1,058

1,009

0

0

0

-

-

-

-

1,222

1,180

1,138

1,093

1,108

1,043

977

915

793

787

780

773

767

784

801

817

833

818

804

790

776

0

0

0

Increase (decrease) in operating liabilities:
Prepaid pension asset

941

1,040

1,111

1,181

1,132

1,107

1,058

1,009

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Accounts payable

2,528

-1,196

-1,015

-2,572

-1,374

2,826

1,805

5,757

1,246

915

-2,081

78

-2,793

-6,122

-2,702

-2,836

-1,685

38

4,985

3,115

4,608

4,893

-689

595

1,785

-1,214

1,566

2,957

-281

2,271

-1,318

-3,689

565

-1,169

1,494

2,679

0

0

0

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

-127

-236

-209

1,118

1,585

996

830

-954

0

0

0

-

-

-

-1,009

-3,178

-952

634

2,438

4,981

2,090

1,409

53

28

1,273

159

567

59

-1,644

-557

887

172

1,619

2,089

1,354

461

0

0

0

Customer deposits

-1,787

1,116

6,729

6,328

1,569

4,328

48

792

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer deposits

-

-

-

-

-

-

-

-

-

-

-

-

6,982

10,833

11,717

4,227

1,074

-6,768

-5,132

-3,834

-1,260

3,967

714

1,009

-1,037

167

3,629

-255

1,354

-4,220

-7,846

-5,626

-6,430

-9,438

-10,182

-9,498

0

0

0

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

46

50

55

57

57

55

52

53

649

412

177

55

-566

-339

-124

-126

-9

-10

1

-42

-167

-325

-324

-160

-179

-23

-34

-54

-56

-45

-51

-33

-104

-110

-99

-104

0

0

0

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

7,287

14,303

19,234

18,751

20,945

5,488

6,421

6,279

8,164

19,427

16,419

15,230

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used) provided by operating activities

-4,737

927

3,096

7,917

13,172

12,738

5,703

8,511

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-607

-11,753

-9,157

-10,369

0

0

0

Investing activities:
Purchase of property, plant and equipment

2,056

2,450

2,269

2,138

2,979

1,987

2,097

2,051

627

597

313

325

511

789

1,018

1,153

1,218

1,727

2,995

5,300

8,067

8,461

7,537

5,263

2,845

1,975

1,650

1,655

1,593

2,327

3,203

3,243

3,165

2,784

1,794

1,979

0

0

0

Proceeds from the sale of Energy Steel & Supply Co.

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of investments

155,413

133,145

88,382

115,342

121,343

93,634

84,634

54,023

50,023

56,000

71,000

55,000

47,000

50,000

44,000

44,000

45,000

45,000

54,000

50,000

69,999

77,497

91,495

109,494

103,991

105,487

85,987

83,984

76,986

51,992

44,194

32,896

33,713

55,227

114,578

155,717

0

0

0

Redemption of investments at maturity

160,146

126,842

88,205

88,633

95,633

79,023

76,023

52,000

47,000

50,000

62,000

62,000

54,000

48,000

36,000

36,000

36,000

45,000

36,000

46,000

67,500

76,500

104,000

108,000

100,500

96,000

81,000

73,000

52,000

34,200

37,600

39,920

59,240

114,610

163,280

202,310

0

0

0

Net cash (used) provided by investing activities

-

-

-

-

-

-

-

-

-

-

-

-

6,488

-2,789

-9,015

-9,150

-10,214

-1,723

-20,994

-9,299

-10,565

-9,426

5,000

-6,725

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided (used) by investing activities

3,281

-8,151

-1,844

-28,847

-28,684

-16,593

-10,702

-4,068

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

22,751

38,704

29,023

26,729

0

0

0

Financing activities:
Principal repayments on capital lease obligations

-

0

81

-

-

108

109

107

98

89

71

58

55

52

55

59

58

63

74

80

87

88

88

88

89

88

85

85

85

84

85

81

76

73

69

68

0

0

0

Issuance of common stock

-

-

-

307

0

0

0

-

-

-

-

137

79

38

5

97

96

115

114

47

208

351

562

581

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

468

198

236

236

0

0

0

Dividends paid

4,146

4,041

3,937

3,834

3,730

3,627

3,523

3,517

3,514

3,510

3,505

3,492

3,497

3,416

3,349

3,296

3,226

2,836

2,434

2,026

1,618

1,515

1,412

1,308

1,205

1,103

1,000

899

798

796

795

793

792

790

790

790

0

0

0

Purchase of treasury stock

230

230

230

146

146

146

146

119

119

118

118

29

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax deduction on stock awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

88

186

244

271

0

0

0

-

-

170

164

247

251

140

170

120

0

0

0

Excess tax (deficiency) benefit on stock awards

-

-

-

-

-

-

-

-

-

-

-

-19

-25

-19

-41

6

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-7,116

-9,521

-12,911

-12,693

-8,872

-6,012

-2,216

-1,859

-1,409

-1,066

-694

-544

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used by financing activities

-4,270

-4,205

-4,043

-3,770

-3,815

-3,710

-3,676

-3,743

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-370

-686

-1,327

-1,376

0

0

0

Effect of exchange rate changes on cash

-98

-67

-118

-183

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-6,376

-11,496

-2,909

-25,435

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash

-

-

-

-

-

-

-

-

-

-

-39

-

-197

-135

-219

-107

-140

-132

-5

4

-101

-2

-8

-9

93

83

50

33

45

17

24

57

44

38

68

51

0

0

0

Net decrease in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-1,445

-

6,462

1,858

-2,911

-3,199

1,719

-2,379

-16,794

-4,875

-3,911

8,933

20,717

7,952

5,297

-1,561

1,566

-995

-14,408

-8,620

-1,077

5,624

21,818

26,303

18,607

15,035

0

0

0