Helios technologies, inc. (HLIO)
CashFlow / Quarterly
Mar'20Dec'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'11
Cash flows from operating activities:
Net (loss) income

-17,223

13,808

12,791

17,265

16,404

16,424

11,599

6,796

11,911

2,768

11,295

7,284

10,211

3,118

4,988

6,990

8,208

5,103

8,410

9,248

10,377

10,326

9,878

12,186

11,385

8,344

8,275

11,790

9,575

6,694

8,834

11,247

10,623

6,073

11,397

10,437

9,770

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

8,376

9,209

8,811

8,624

8,571

10,913

11,725

12,347

4,729

4,631

4,704

4,764

5,091

3,768

2,516

2,507

2,527

2,503

2,482

2,285

2,287

2,290

2,216

2,138

2,074

1,834

1,828

1,769

1,796

1,833

1,777

1,783

1,793

1,696

1,657

1,679

1,689

Loss on disposal of assets

-24

-50

-2,714

-8

-71

-

-

-

-

-727

-120

-553

-139

-13

0

-306

-10

-915

1,180

-63

-31

-16

-21

-90

-44

-138

-309

-17

2

-109

-105

0

21

5

96

-208

139

Goodwill impairment

31,871

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

1,533

1,149

1,277

1,413

1,368

907

1,303

1,145

916

862

1,142

1,063

975

958

1,006

1,459

1,425

1,349

1,016

1,001

958

1,155

891

917

936

923

708

725

691

694

482

516

641

534

389

427

402

Amortization of debt issuance costs

179

172

187

179

179

179

179

273

98

0

132

132

70

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision (benefit) for deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

106

-8

-

3

46

4

-

-

-

-

-

-

-

-

-

-

0

6

Allowance for doubtful accounts

-

-

-

-

-

-

-

-

-

-

-

-

63

-

-55

29

5

26

15

4

-33

26

29

17

-17

-15

37

-32

3

-18

59

-33

18

-15

15

2

-1

Provision for slow moving inventory

-

-

-

-

-

-

-

-

-

-

-

-

466

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Benefit for deferred income taxes

-1,186

830

-286

-773

-322

-

-

-

55

-4,131

569

-3,217

-12

-921

1,129

-121

-10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of acquisition-related inventory step-up

-

-

-

-

-

-

-

-

-

0

0

0

1,774

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of contingent consideration

-

-15

-145

56

719

554

275

251

402

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Forward contract (gains) losses, net

440

-1,110

3,564

433

-24

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Forward contract losses, net

-

-

-

-

-

-

-

-

-505

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-136

148

-364

-391

-549

472

-190

-211

15

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized foreign exchange gain

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-34

19

-

-

-

-

Provision for Deferred Income Taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-17

3

321

3

-2

3

-

-

-

-

(Increase) decrease in:
Accounts receivable

6,838

-12,190

-3,053

738

8,848

-4,619

-3,071

3,983

9,683

-3,356

228

2,425

11,766

-991

-2,105

300

5,954

-3,317

-2,633

-979

2,971

-2,278

-2,832

-944

6,626

-1,304

-2,226

2,205

4,535

-4,022

-3,323

-51

5,493

-3,668

-4,027

3,211

3,743

Inventories

2,818

-5,224

-5,602

8,547

3,729

-2,051

9,000

5,694

-940

-2,000

4,943

6,168

3,952

1,897

220

-417

-320

1,097

-673

-1,051

-617

412

-1,060

244

612

1,075

337

-137

-49

-415

-743

-480

1,370

808

-453

65

1,211

Income taxes receivable

-1,415

-

-

-

-

-

-

-

-

0

0

-141

-371

1,242

509

0

-123

-

-

0

0

-137

0

0

-954

651

0

0

-728

640

0

0

-120

-312

-195

483

-1,154

Other current assets

2,740

595

136

857

2,455

-1,894

828

282

219

-242

-315

-880

1,183

463

-61

-1,361

1,112

693

11

95

-58

-1,035

-416

395

1,206

-358

-152

-398

1,075

546

-252

-290

646

174

136

-315

667

Other assets

-1,213

-513

-478

307

-1,088

1,420

149

-521

251

461

457

99

-197

-667

718

141

-86

146

-62

-235

-138

77

-245

210

-111

-99

-26

-122

-136

-332

273

-88

-93

993

-230

22

296

Increase (decrease) in:
Accounts payable

3,867

-5,704

-6,224

516

662

4,481

-4,495

4,794

1,114

-1,366

1,350

1,230

4,566

1,452

79

-404

1,439

-607

-609

-828

1,593

-1,046

-57

-669

2,015

-1,091

251

307

557

-807

-338

-830

1,233

-1,035

-293

-438

2,265

Accrued expenses and other liabilities

-4,652

-549

2,073

680

3,496

-3,610

550

191

1,469

-1,508

1,860

-363

1,508

-1,377

634

-633

2,032

-438

-136

1,604

-554

1,169

197

2,021

731

949

589

1,773

-156

825

888

2,133

701

855

9

2,339

1,187

Income taxes payable

3,051

2,871

285

368

2,710

-269

-1,357

-6,076

2,671

1,026

1,171

-2,558

3,765

-

-

-18

1,652

-116

-770

-1,140

1,467

-1,770

2,308

-272

293

-679

-751

-2,000

3,430

-1,047

705

-3,622

3,964

-

-

-

3,148

Other noncurrent liabilities

-701

329

-718

-1,009

-659

1,220

-105

-56

17

1,674

-918

145

150

8

0

0

-260

-9

-17

-3

0

-51

-14

19

-2

-177

22

-3

2

-134

-244

-59

84

165

-567

99

266

Net cash provided by operating activities

15,067

39,583

25,452

5,617

19,828

33,228

13,105

16,458

14,659

10,961

16,737

9,251

12,433

7,181

9,382

11,452

10,491

8,862

12,570

14,510

13,960

16,149

20,025

16,588

10,084

10,342

13,326

12,253

11,202

12,097

16,301

12,076

11,724

11,545

16,030

8,139

13,830

Proceeds from sale of joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,451

Investment in licensed technology

-

-

-

-

-

-

-

-

-

-

-

-

-

377

0

0

850

0

850

0

575

1,075

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures

2,937

5,441

4,171

6,621

8,792

9,678

8,121

6,344

4,237

13,937

4,963

2,547

758

1,680

1,950

1,558

999

1,409

1,618

1,744

1,335

3,714

1,896

3,098

1,959

3,366

5,051

6,153

3,365

6,656

1,951

2,966

1,786

3,365

3,967

1,700

1,111

Proceeds from dispositions of equipment

3

72

-473

533

64

42

17

0

3

-

-

-

-

5

0

0

2

0

1,645

0

0

-

-

-

-

-

-

-

-

0

35

0

21

5

0

-110

140

Purchases of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

0

15,062

5,359

4,278

9,459

8,641

6,036

5,989

8,448

23,798

7,924

11,066

5,411

11,057

4,891

6,997

14,721

13,523

7,613

4,638

13,317

8,016

3,511

1,989

Proceeds from sale of short-term investments

-

-

-

-

-

-

-

-

-

3,797

-51

842

2,096

26,985

19,586

9,374

6,429

9,239

6,848

5,207

5,404

19,369

6,247

11,316

7,833

7,437

7,583

2,935

8,809

26,091

3,691

2,418

712

1,020

2,307

3,131

1,059

Cash settlement of forward contracts

-1,634

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-1,300

-5,147

-2,388

-6,088

-8,728

-9,636

-15,622

-536,023

-4,234

-10,130

-5,495

-1,687

1,338

-175,123

2,574

2,457

304

-1,629

-2,616

-2,573

-2,495

6,163

-19,441

294

-5,192

-1,180

-8,455

-9,032

-1,553

3,574

-11,748

-8,161

-5,691

-15,657

-11,452

-2,190

-450

Borrowings on revolving credit facility

2,000

22,137

22,175

50,357

35,282

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of borrowings on revolving credit facility

5,500

41,000

44,750

43,000

48,000

8,750

16,750

1,250

116,000

0

8,000

0

16,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings on long-term non-revolving debt

-

-

-

-

-

412

103

100,000

932

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of borrowings on long-term non-revolving debt

2,100

1,277

1,278

1,287

1,623

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from stock issued

355

398

409

435

408

379

357

439

240,163

380

311

260

205

209

412

205

213

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

166

127

148

133

Proceeds from stock issued

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

222

217

333

-

214

224

185

-

185

199

267

-

173

191

142

-

-

-

-

Dividends to shareholders

2,885

2,884

2,882

2,881

2,878

2,877

2,845

2,844

2,437

2,436

2,434

2,427

2,963

2,423

2,421

2,418

3,482

2,403

2,402

4,802

2,392

28,848

2,380

2,379

4,750

2,363

2,362

2,359

2,351

30,793

2,338

2,332

5,437

2,312

2,332

1,541

3,411

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

-3

-1

-254

-18

0

-3

-18

-17

23

-3

6

20

-7

-14

275

-1

0

-2

-

-

-

-

Other financing activities

-815

-218

-229

-260

-881

-448

-308

-330

-240

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-8,945

-23,796

-26,555

-3,700

-17,692

-15,869

-11,255

352,046

122,418

-19,129

-10,035

-2,167

-18,758

135,709

-2,008

-2,210

-3,268

-2,014

-2,162

-4,585

-2,056

-28,470

-2,149

-2,178

-4,562

-1,858

-2,197

-2,153

-2,070

-30,955

-2,164

-2,141

-5,293

-2,018

-2,205

-1,332

-3,278

Effect of exchange rate changes on cash, cash equivalents and restricted cash

310

-2,221

3,913

736

-167

-122

-296

-1,069

1,805

992

1,311

2,870

1,172

-3,575

445

-1,971

442

98

-2,844

1,869

-3,806

-3,094

-4,479

2,361

-168

1,118

2,130

43

-1,482

1,266

1,070

-1,646

1,335

-627

-2,502

512

1,283

Net increase (decrease) in cash, cash equivalents and restricted cash

5,132

8,419

422

-3,435

-6,759

7,601

-14,068

-168,588

134,648

-17,306

2,518

8,267

-3,815

-35,808

10,393

9,728

7,969

5,317

4,948

9,221

5,603

-9,252

-6,044

17,065

162

8,422

4,804

1,111

6,097

-14,018

3,459

128

2,075

-6,757

-129

5,129

11,385

Supplemental disclosure of cash flow information:
Cash paid:
Income taxes

-

-

-

-

-

-

-

-

-

4,425

3,539

9,140

366

3,738

3,465

4,185

1,397

3,282

5,206

5,899

3,470

5,875

3,043

6,464

4,311

5,683

5,279

7,743

418

-

4,051

11,304

-1,032

2,953

5,399

8,765

339

Interest

-

-

-

-

-

-

-

-

-

620

1,177

1,268

658

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosure of noncash transactions:
Common stock issued to ESOP through accrued expenses and other liabilities

-

-

-

-

-

-

-

-

-

0

0

27

601

0

0

79

1,600

0

0

318

3,217

0

0

244

2,982

0

0

239

3,247

0

0

654

3,753

0

0

0

2,412

Common stock issued for deferred directors compensation through other noncurrent liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

294

-

-

-

-

-

-

-

-

Unrealized gain on available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-53

-7

129

19

199

457

196

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-