GENTEX CORPORATION GNTX Cash Flow

Gentex corporation (GNTX)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income
424,683	437,883	406,791	347,591	318,469	288,604	222,929	168,586	164,668	137,733	64,637	62,087
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
104,702	102,186	99,570	88,587	80,599	77,376	62,854	50,179	42,634	38,620	38,364	35,891
Gain on disposal of assets
155	577	188	146	10	44	54	419	0	0	-	-
Loss on disposal of assets
588	108	299	1,080	455	640	2,162	952	992	-1,070	659	-700
(Gain) on sale of investments
660	2,538	1,309	-	-	-	-	-	-	-	-	-
Loss on sale of investments
-	-	-	4,239	9,666	16,742	19,012	9,584	15,787	9,767	-5,363	12,730
Loss on sale of investments
176	532	375	3,919	2,705	1,149	882	1,216	9,134	2,398	6,626	25,998
Impairment loss on available-for-sale securities
-	-	-	-	-	-	-	-	-	-	1,290	17,909
Change in deferred income taxes
-3,358	-4,414	-14,996	22,498	13,058	14,817	-7,726	843	13,942	10,390	-688	-842
Stock-based compensation expense related to employee stock options, employee stock purchases and restricted stock
21,671	18,305	18,376	19,192	21,430	21,276	17,427	16,433	14,197	10,652	9,084	10,217
Excess tax benefits from stock based compensation
-	-	-	-	-	5,502	4,445	815	5,362	3,020	31	62
Change in operating assets and liabilities:
Accounts receivable, net
21,872	-17,583	19,530	15,622	27,960	24,962	22,347	-810	14,742	24,488	26,630	19,652
Inventories
23,660	8,516	27,454	14,616	32,937	21,683	-39,856	-28,823	88,024	47,119	-1,384	-6,944
Prepaid expenses and other
3,646	11,268	-16,183	-4,399	9,530	21,946	2,374	-14,868	6,954	1,353	-12,232	-12,533
Accounts payable
4,743	2,911	9,934	13,609	-5,103	14,946	13,310	-22,270	25,175	12,838	7,750	10,825
Accrued liabilities, excluding dividends declared and short-term debt
2,753	220	12,947	10,793	2,904	-708	13,876	8,221	1,794	177	1,337	7,886
Net cash provided by operating activities
505,966	552,418	501,002	477,048	354,416	327,223	317,338	257,846	141,668	128,133	110,654	120,632
CASH FLOWS (USED FOR) INVESTING ACTIVITIES:
Activity in available-for-sale securities:
Sales proceeds
57,139	55,248	30,207	87,293	58,517	75,613	82,862	38,831	107,763	56,421	56,750	107,959
Maturities and calls
125,013	181,892	23,100	5,500	0	0	98,142	75,652	104,375	36,000	36,250	108,810
Purchases
153,257	332,106	29,874	216,670	47,513	80,887	60,543	112,545	196,365	164,844	87,903	152,269
Plant and equipment additions
84,580	85,990	104,040	120,955	97,941	72,518	55,380	117,474	120,177	46,896	21,130	-45,524
Proceeds from sale of plant and equipment
2,001	738	249	665	43	223	386	1,064	179	504	26	11
Acquisition of businesses, net of cash acquired
-	-	-	-	-	-	698,150	0	0	-	-	-
Decrease in other assets
3,027	5,603	-2,646	7,278	2,842	2,144	573	17,602	-698	5,771	-233	3,183
Net cash (used for) investing activities
-56,711	-185,821	-77,712	-251,446	-89,737	-79,713	-633,256	-132,074	-103,526	-124,586	-15,774	15,801
CASH FLOWS (USED FOR) FINANCING ACTIVITIES:
Proceeds from borrowings on Credit Agreement
-	-	-	-	-	-	275,000	0	0	-	-	-
Repayment of long-term debt
0	78,000	107,625	47,500	32,500	7,500	1,875	0	0	-	-	-
Deferred financing costs
-	-	-	-	-	-	956	0	0	-	-	-
Issuance of common stock from stock plan transactions
77,821	66,837	47,770	81,310	30,168	59,969	38,377	12,208	33,304	67,067	7,487	11,815
Cash dividends paid
116,309	116,566	108,815	101,131	96,990	87,632	79,160	73,387	67,171	61,394	60,597	60,463
Repurchases of common stock
331,471	591,577	231,363	163,361	111,228	30,010	0	33,716	0	0	-	111,259
Excess tax benefits from stock based compensation
-	-	-	-	-	5,502	4,445	815	5,362	3,020	31	62
Net cash (used for) financing activities
-369,959	-719,306	-400,032	-230,682	-210,550	-59,671	235,830	-94,079	-28,504	8,694	-53,077	-159,844
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
79,296	-352,709	23,257	-5,080	54,127	187,838	-80,086	31,691	9,637	12,241	41,801	-23,410