Heritage-crystal clean, inc. (HCCI)
CashFlow / TTM
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)

16,469

8,749

13,393

13,756

12,711

15,038

24,287

22,625

23,491

28,410

20,058

17,711

12,557

6,014

73

418

584

1,410

-5,775

-6,116

-6,129

-6,865

5,437

4,357

3,429

4,645

1,703

1,403

1,564

2,254

2,331

1,905

1,406

1,474

0

0

0

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

19,381

18,249

17,255

17,051

16,650

16,157

16,544

16,953

17,478

17,967

18,050

18,061

17,995

17,991

16,589

16,812

16,992

17,197

0

17,023

15,351

12,877

0

10,820

10,291

9,524

8,800

8,480

8,228

8,141

7,711

7,015

6,319

5,657

0

0

0

Non-cash inventory impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

1,651

4,022

6,453

8,082

9,217

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bad debt provision

1,426

1,486

1,280

848

591

628

474

760

716

402

78

320

691

687

642

649

618

1,009

0

1,808

1,478

1,053

0

462

542

444

874

874

852

1,122

728

758

578

493

0

0

0

Share-based compensation

4,156

3,976

4,064

4,233

4,442

4,381

4,134

3,557

3,197

3,036

2,991

2,521

2,212

1,919

1,152

1,233

1,223

1,077

0

1,206

760

627

0

1,314

1,188

1,367

1,111

1,086

1,065

1,066

1,057

974

895

1,060

0

0

0

Deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Non-cash interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Deferred taxes

5,072

2,641

4,316

4,407

4,374

4,960

345

449

2,155

5,251

10,520

8,978

6,164

2,589

-656

91

416

621

0

-1,328

-3,812

-3,551

0

2,826

2,458

3,236

1,771

835

1,059

1,278

3,429

3,192

2,736

2,775

0

0

0

Amortization of deferred gain on lease conversion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-425

-678

-700

21

-76

-321

-326

273

-263

-624

-547

-1,242

-791

-575

789

98

71

416

0

-626

-502

-638

0

-289

-57

-59

-203

-193

-177

-124

0

0

0

-

-

-

-

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

3,370

5,118

5,487

1,523

5,718

5,923

4,687

9,367

4,426

-1,627

-1,389

1,197

1,995

6,276

5,695

-89

-1,765

-3,467

0

-4,607

-6,758

-3,755

0

8,449

4,749

7,794

3,269

3,125

760

7,413

12,610

8,744

10,394

3,984

0

0

0

Decrease (increase) in income tax receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-693

692

186

1,267

0

0

0

Decrease in inventory

-571

-4,025

-1,823

1,783

3,687

11,158

8,550

7,808

5,670

3,081

156

-2,746

-2,399

-4,648

-2,199

-397

3,169

3,392

0

2,901

498

1,685

0

-793

-1,349

-1,670

779

518

-1,093

5,970

7,962

10,481

14,812

9,327

0

0

0

Decrease in other current assets

1,148

267

440

2,381

-208

940

-86

-1,408

439

-198

269

-129

398

1,283

16

2,777

-4,118

-5,140

0

-6,175

-1,045

1,329

0

453

-209

90

205

-342

401

220

810

-127

496

-199

0

0

0

(Decrease) increase in accounts payable

-2,883

3,921

2,337

3,088

5,189

6,002

4,507

5,672

60

-4,912

-4,758

3,490

4,749

7,881

12,382

3,243

-2,845

-7,614

0

-12,921

-5,292

1,587

0

7,860

1,232

189

450

-1,078

-3,283

2,894

6,783

9,713

14,435

5,999

0

0

0

Increase in accrued liabilities

3,243

3,914

4,154

4,893

4,951

606

-1,332

-1,391

-1,405

-1,511

170

-2,214

-1,533

1,703

2,241

3,534

-667

-2,660

0

-1,627

-628

1,458

0

52

180

2,133

1,896

1,193

108

-631

-1,311

881

1,446

1,738

0

0

0

Cash provided by operating activities

54,342

53,254

43,395

42,568

39,787

30,072

35,960

29,905

32,740

45,331

46,473

51,976

43,924

38,099

35,982

33,983

30,985

29,008

0

19,308

16,938

14,677

0

19,871

16,186

15,383

11,337

8,998

8,958

2,645

107

4,752

2,038

4,903

0

0

0

Cash flows from Investing Activities:
Capital expenditures

33,556

31,293

26,867

28,046

26,831

22,820

17,809

15,438

14,655

14,400

12,746

13,537

13,703

15,875

19,802

18,247

19,757

19,734

0

22,430

22,664

20,358

0

20,419

19,578

17,804

14,458

14,676

16,571

22,351

33,036

37,941

60,262

42,849

0

0

0

Software and intangible asset expenditures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

618

956

514

0

0

0

Proceeds from the disposal of assets

-

-

-

-

-

89

343

4,409

4,427

4,392

4,192

421

340

367

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business acquisitions, net of cash acquired

1,548

3,521

2,573

2,873

6,778

4,805

0

0

0

-

-

-

-

3,393

2,400

2,400

2,100

0

0

85,911

84,460

86,865

0

-

-

21,165

10,195

2,405

2,405

0

1,331

1,331

3,173

2,252

0

0

0

Cash used in investing activities

-35,104

-34,814

-29,431

-30,901

-33,575

-27,536

-22,271

-15,534

-10,228

-10,008

-9,547

-14,109

-14,656

-18,901

-20,805

-19,448

-20,611

-18,535

0

-106,772

-107,006

-107,105

0

-40,733

-38,938

-39,569

-25,358

-17,366

-19,402

-23,056

-34,408

-39,890

-64,391

-45,615

0

0

0

Cash flows from Financing Activities:
Payments of Term Loan

-

-

-

-

-

-

-

-

-

64,195

67,523

69,190

70,894

6,699

0

0

0

-

-

-

-

2,527

0

1,125

1,000

1,000

1,000

1,000

750

500

0

0

0

-

-

-

-

Proceeds of Term Loan

-

-

-

-

-

-

-

-

-

30,000

30,000

30,000

30,000

0

0

0

0

-

-

-

-

-

-

-

-

750

750

750

750

0

0

0

0

-

-

-

-

Proceeds from the exercise of stock options

0

20

39

51

142

122

155

3,198

4,446

5,464

5,612

2,557

1,218

200

0

0

0

-

-

-

-

-

-

-

-

398

80

80

1,529

1,587

2,961

2,967

1,524

1,401

0

0

0

Proceeds under revolving credit facility

-

-

-

-

-

-

-

-

-

4,000

4,000

4,000

4,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

28,180

28,180

18,180

20,780

0

0

0

0

Payments of revolving credit facility

-

-

-

-

-

-

-

-

-

4,000

4,000

4,000

4,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

28,180

28,180

28,180

8,780

0

0

0

0

Payments of debt issuance costs

-

-

-

-

-

-

-

-

-

1,051

1,051

1,050

1,051

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share repurchases to satisfy tax withholding obligations

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of note payable - affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Proceeds from the issuance of common stock

494

483

459

446

433

422

410

409

401

402

385

398

405

423

469

473

486

473

0

33,818

33,802

33,808

0

414

426

438

424

439

65,946

65,932

65,935

65,878

321

274

0

0

0

Payments of deferred and contingent consideration

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to noncontrolling interest

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

95

0

571

680

393

0

1,024

851

551

52

183

284

475

0

0

0

-

-

-

-

Repayments of notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

206

263

0

1,319

1,535

1,665

0

1,105

1,075

983

826

723

621

553

0

0

0

-

-

-

-

Cash used in financing activities

-4,992

-1,325

-1,328

-1,330

-1,077

-846

-826

2,218

4,157

-30,044

-33,241

-37,950

-40,779

-6,196

-5,866

-8,599

-8,254

-8,420

0

90,204

91,005

91,351

0

-2,093

-1,785

-948

-1,470

-1,221

54,188

65,991

67,977

78,288

33,173

21,141

0

0

0

Net decrease in cash and cash equivalents

14,246

17,115

12,636

10,337

5,135

1,690

12,863

16,589

26,669

5,279

3,685

-83

-11,511

13,002

9,311

5,936

2,120

2,053

4,566

1,360

340

-1,077

-14,998

-22,955

-24,537

-25,134

-15,491

-9,589

43,744

45,580

33,676

43,150

-10,058

-19,571

0

0

0

Supplemental disclosure of cash flow information:
Income taxes paid

1,238

1,207

1,767

1,541

931

933

648

648

487

485

209

282

280

316

636

765

559

584

0

265

315

262

0

342

327

285

1,021

732

296

284

-30

281

392

310

0

0

0

Cash paid for interest

1,012

1,254

1,279

1,278

1,239

1,154

1,005

931

897

1,129

1,720

2,000

2,299

2,223

2,065

1,985

2,156

1,753

1,579

1,156

468

524

118

199

321

366

673

437

488

549

230

371

164

0

0

0

0

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

1,107

2,575

1,791

1,506

2,895

1,413

526

710

837

386

765

896

-396

666

2,178

2,979

3,591

2,917

0

1,262

2,195

2,054

0

1,359

1,853

1,333

2,414

1,527

4,618

451

12,151

13,028

10,036

8,602

0

0

0

Payables for share-based tax withholdings

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business acquisitions, liabilities assumed

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

30

15

0

0

0

Business acquisitions, notes issued

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,265

1,235

835

835

0

4,768

4,768

4,768

2,384

0

0

0

Business acquisitions, common stock issued

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

800

0

0

0