Heritage-crystal clean, inc. (HCCI)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Aug'17Jun'17Mar'17Dec'16Aug'16Jun'16Mar'16Dec'15Aug'15Jun'15Mar'15Dec'14Aug'14May'14Mar'14Dec'13Aug'13May'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from Operating Activities:
Net income (loss)

5,291

-2,043

6,056

7,165

-2,429

2,601

6,419

6,120

-102

11,850

4,757

6,986

4,817

3,498

2,410

1,832

-1,726

-2,443

2,755

1,998

-900

-9,628

2,414

1,985

-1,636

2,674

1,334

1,057

-420

-268

1,034

1,218

270

-191

608

719

338

Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization

5,268

6,073

3,980

4,060

4,136

5,079

3,776

3,659

3,643

5,466

4,185

4,184

4,132

5,549

4,196

4,118

4,128

4,147

4,419

4,298

4,333

4,966

3,426

2,692

2,626

3,278

2,224

2,163

1,859

2,554

1,904

1,911

1,772

2,124

1,208

1,215

1,110

Non-cash inventory impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

186

1,465

2,371

2,431

1,815

2,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bad debt provision

189

657

257

323

249

451

-175

66

286

297

111

22

-28

-27

353

393

-32

-72

360

362

359

701

386

271

32

-2

161

351

-66

428

161

329

204

34

191

149

119

Share-based compensation

1,069

1,233

1,022

832

889

1,321

1,191

1,041

828

1,074

614

681

667

1,029

144

372

374

262

225

362

228

-166

782

476

-84

559

363

350

95

303

338

329

96

294

255

250

261

Deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-21

-4

-18

Non-cash interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Deferred taxes

1,459

-713

2,203

2,123

-972

962

2,294

2,090

-386

-3,653

2,398

3,796

2,710

1,616

856

982

-865

-1,629

1,603

1,307

-660

-5,296

3,321

1,144

-1,177

1,962

897

776

-399

497

-39

1,000

-180

2,648

-276

544

-141

Amortization of deferred gain on lease conversion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12

83

106

-

69

82

94

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

424

-84

-842

77

171

-106

-121

-20

-74

-111

478

-556

-435

-34

-217

-105

-219

1,330

-908

-132

126

-333

-287

-237

-8

-31

-13

-5

-10

-175

-3

11

43

-

-

-

-

Changes in operating assets and liabilities:
Decrease (increase) in accounts receivable

-275

774

934

1,937

1,473

1,143

-3,030

6,132

1,678

-93

1,650

1,191

-4,375

145

4,236

1,989

-94

-436

-1,548

313

-1,796

-9,011

5,887

6,694

-1,838

-753

4,346

2,994

1,207

-5,278

4,202

629

7,860

-81

336

2,279

1,450

Decrease (increase) in income tax receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-541

79

-658

427

844

-427

423

Decrease in inventory

-262

1,111

-792

-628

-3,716

3,313

2,814

1,276

3,755

705

2,072

-862

1,166

-2,220

-830

-515

-1,083

229

972

3,051

-860

-1,148

1,858

1,966

648

-1,634

-1,773

1,410

327

815

-2,034

-201

7,390

2,807

485

4,130

1,905

Decrease in other current assets

-1,040

-84

-236

2,508

-1,921

89

1,705

-81

-773

-937

383

1,766

-1,410

-470

-15

2,293

-525

-1,737

2,746

-4,602

-1,547

-588

562

-218

528

-1,349

1,492

-880

827

-1,234

945

-137

646

-644

8

486

-49

(Decrease) increase in accounts payable

-5,273

1,916

-3,894

4,368

1,531

332

-3,143

6,469

2,344

-1,163

-1,978

857

-2,628

-1,009

6,270

2,116

504

3,492

-2,869

-3,972

-4,265

-5,569

885

4,900

3,657

-1,250

553

-1,728

2,614

-989

-975

-3,933

8,791

2,900

1,955

789

355

Increase in accrued liabilities

1,110

523

427

1,183

1,781

763

1,166

1,241

-2,564

-1,175

1,107

1,227

-2,670

506

-1,277

1,908

566

1,044

16

-2,293

-1,427

1,168

925

856

-1,294

-242

732

984

659

-479

29

-101

-80

-1,159

2,221

464

212

Cash provided by operating activities

10,266

16,929

10,987

16,160

9,178

7,070

10,160

13,379

-537

12,958

4,105

16,214

12,054

14,100

9,608

8,162

6,229

11,983

7,609

5,164

4,252

3,368

6,524

4,119

2,794

10,741

2,217

434

1,991

6,695

-122

394

-4,322

4,157

4,523

-2,320

-1,457

Cash flows from Investing Activities:
Capital expenditures

9,842

14,372

4,324

5,018

7,579

9,946

5,503

3,803

3,568

4,935

3,132

3,020

3,313

3,281

3,923

3,186

5,485

7,208

2,368

4,696

5,462

5,260

7,012

4,299

4,930

7,179

4,011

3,458

3,156

3,833

4,229

5,353

8,936

14,518

9,134

27,674

-8,477

Software and intangible asset expenditures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

141

279

41

157

479

-163

Proceeds from the disposal of assets

-

-

-

-

-

9

9

16

55

263

4,075

34

20

63

304

-47

47

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business acquisitions, net of cash acquired

0

948

0

600

1,973

0

300

4,505

0

-

-

-

-

993

0

300

2,100

0

0

0

0

85,911

0

-

-

10,970

7,790

0

2,405

0

0

0

0

1,331

0

1,842

-921

Cash used in investing activities

-9,842

-15,320

-4,324

-5,618

-9,552

-9,937

-5,794

-8,292

-3,513

-4,672

943

-2,986

-3,293

-4,211

-3,619

-3,533

-7,538

-6,115

-2,262

-4,696

-5,462

-91,053

-5,561

-5,253

-4,930

-18,749

-11,801

-3,458

-5,561

-4,538

-3,809

-5,494

-9,215

-15,890

-9,291

-29,995

9,561

Cash flows from Financing Activities:
Payments of Term Loan

-

-

-

-

-

-

-

-

-

0

0

0

64,195

3,328

1,667

1,704

0

-

-

-

-

1,527

500

375

250

250

250

250

250

250

250

0

0

-

-

-

-

Proceeds of Term Loan

-

-

-

-

-

-

-

-

-

0

0

0

30,000

0

0

0

0

-

-

-

-

-

-

-

-

0

0

0

750

0

0

0

0

-

-

-

-

Proceeds from the exercise of stock options

0

0

0

0

20

19

12

91

0

52

3,055

1,339

1,018

200

0

0

0

-

-

-

-

-

-

-

-

322

0

11

65

4

0

1,460

123

1,378

6

17

0

Proceeds under revolving credit facility

-

-

-

-

-

-

-

-

-

0

0

0

4,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

0

7,400

20,780

0

-10,000

10,000

0

Payments of revolving credit facility

-

-

-

-

-

-

-

-

-

0

0

0

4,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

0

19,400

8,780

0

0

0

0

Payments of debt issuance costs

-

-

-

-

-

-

-

-

-

0

1

-1

1,051

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share repurchases to satisfy tax withholding obligations

791

-

0

783

644

-

1

647

382

-

-2

0

356

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of note payable - affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-254

0

Proceeds from the issuance of common stock

122

135

120

117

111

111

107

104

100

99

106

96

101

82

119

103

119

128

123

116

106

33,489

107

101

100

103

110

113

112

89

125

65,620

98

92

68

63

51

Payments of deferred and contingent consideration

199

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to noncontrolling interest

3,312

-

0

400

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-1

0

96

103

372

72

109

974

-131

-101

-191

475

0

0

0

-

-

-

-

Repayments of notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19

22

83

82

76

796

365

271

298

295

241

241

206

138

138

139

138

-

-

-

-

Cash used in financing activities

-4,180

134

120

-1,066

-513

131

118

-813

-282

151

3,162

1,126

-34,483

-3,046

-1,547

-1,703

100

-2,716

-4,280

-1,358

-66

93,350

-1,722

-776

-557

-248

-512

-468

280

-770

-263

54,941

12,083

1,216

10,048

9,826

51

Net decrease in cash and cash equivalents

-3,756

1,743

6,783

9,476

-887

-2,736

4,484

4,274

-4,332

8,437

8,210

14,354

-25,722

6,843

4,442

2,926

-1,209

3,152

1,067

-890

-1,276

5,665

-2,139

-1,910

-2,693

-8,256

-10,096

-3,492

-3,290

1,387

-4,194

49,841

-1,454

-10,517

5,280

-3,367

-10,967

Supplemental disclosure of cash flow information:
Income taxes paid

31

2

226

979

0

562

0

369

2

277

0

208

0

1

73

206

36

321

202

0

61

-13

217

225

50

67

0

210

8

803

-289

-226

-4

489

22

-115

-86

Cash paid for interest

92

283

312

325

334

308

311

286

249

159

237

252

481

750

517

551

405

592

437

722

2

418

14

34

58

12

95

156

103

319

-141

207

164

0

0

0

0

Supplemental disclosure of non-cash information:
Payables for construction in progress

465

1,671

-27

-1,002

1,933

887

-312

387

451

0

-128

514

0

379

3

-778

1,062

1,891

804

-166

388

1,701

-661

-149

767

867

-126

345

247

1,948

-1,013

3,436

-3,920

13,648

-136

444

-5,354

Payables for share-based tax withholdings

-

-

-

-

-

-

-

-

649

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business acquisitions, liabilities assumed

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

139

-

-

-

0

30

0

0

-15

Business acquisitions, notes issued

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30

400

0

835

0

0

0

0

4,768

0

0

-2,384

Business acquisitions, common stock issued

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,600

0

0

-800