Houston wire & cable co (HWCC)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Operating activities
Net income

2,550

8,636

-222

-6,006

2,044

14,972

7,902

17,039

19,677

8,619

8,032

Adjustments to reconcile net income to net cash used in operating activities:
Impairment charge

120

60

-

2,384

3,417

0

-

-

-

-

-

Impairment charge

-

-

-

-

-

-

7,562

-

-

-

-

Impairment of goodwill

-

-

-

-

-

-

-

0

0

-

-

Depreciation and amortization

2,502

2,178

2,772

3,018

2,915

2,919

2,978

2,941

2,952

1,738

563

Amortization of capitalized loan costs

-

-

-

-

-

-

-

-

14

46

99

Amortization of unearned stock compensation

1,471

1,298

1,176

856

886

868

900

1,040

-707

2,260

2,205

Non-cash lease expense

5,887

-

-

-

-

-

-

-

-

-

-

Provision for doubtful accounts

119

73

68

285

97

50

-

-

-9

93

-

Provision for refund liability

84

37

180

-

-

-

-

-

-

-

-

Provision for doubtful accounts

-

-

-

-

-

-

-

-

-

-

0

Provision for returns and allowances

-

-

-

-

-

-

-

-

66

-118

-109

Provision for inventory obsolescence

515

615

34

93

397

1,002

559

815

826

734

529

(Gain) loss on disposals of property and equipment

-

-

-

-

-

-

-

-

2

-26

15

Deferred income taxes

431

-1,344

1,314

6

-485

-923

-1,485

-773

283

-1,603

-741

Other non-cash items

-54

-25

-42

116

59

93

15

69

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

-2,625

2,507

12,719

-4,019

-15,352

1,144

-5,516

6,081

-8,050

9,785

-4,048

Inventories

20,259

6,825

7,942

-10,483

-12,784

-6,147

12,004

15,960

2,840

-1,059

-11,606

Prepaids

265

-1,201

1,368

-124

-

-

-

-

65

-2,954

2,820

Lease payments

6,194

-

-

-

-

-

-

-

-

-

-

Other assets

-

-

-

-

-

-

-

-

126

-354

31

Book overdraft

-

-3,028

-153

-517

588

-1,481

4,594

-2,270

-785

1,668

-

Book overdraft

-

-

-

-

-

-

-

-

-

-

-4,026

Trade accounts payable

2,605

2,804

38

896

-1,613

-5,644

1,307

2,231

-9,888

5,010

1,519

Accrued and other current liabilities

2,394

2,460

3,571

2,587

-3,557

-5,794

3,312

-

-

-

-

Income taxes

-918

14

1,499

-1,016

-713

184

-435

-

-

-

-1,363

Prepaid expenses

-

-

-

-

83

-

-

-

-

-

-

Other operating activities

673

-359

368

147

-141

206

54

-

-

-

-

Net cash (used in) provided by operating activities

-

-

-

-

-

11,269

20,745

-

-

-

-

Accrued and other current liabilities

-

-

-

-

-

-

-

-3,722

-337

5,466

-758

Income taxes

-

-

-

-

-

-

-

1,685

-2,777

755

-

Other operating activities

-

-

-

-

-

-

-

-91

-

-

-

Other operating activities

-

-

-

-

-

-

-

-

-13

-3

0

Net cash used in operating activities

-5,606

5,338

-11,342

17,243

31,829

-

-

-3,033

14,319

19,273

18,738

Investing activities
Expenditures for property and equipment

2,379

1,503

1,769

1,319

3,123

2,177

3,396

1,005

1,319

459

462

Proceeds from disposals of property and equipment

5

20

8

5

8

-

2

9

452

956

19

Proceeds from disposals of property and equipment

-

-

-

-

-

-25

-

-

-

-

-

Cash refunded (paid) for acquisition

-

-

-193

32,370

-

0

-

-

343

51,162

0

Net cash used in investing activities

-2,374

-1,483

-1,568

-33,684

-3,115

-

-

-996

-1,210

-50,665

-443

Financing activities
Net cash used in investing activities

-

-

-

-

-

-2,152

-3,394

-

-

-

-

Borrowings on revolver

364,671

367,513

333,301

302,898

310,366

405,884

396,724

-

-

-

-

Payments on revolver

352,487

369,752

320,133

281,698

325,025

399,989

407,360

-

-

-

-

Deferred loan cost

-

-

-

-

-

-

-

-

100

0

0

Proceeds from exercise of stock options

-

-

-

-

11

181

492

137

114

42

22

Borrowings on revolver

-

-

-

-

-

-

-

402,231

405,741

352,276

255,829

Payments on revolver

-

-

-

-

-

-

-

391,610

412,599

314,930

268,158

Payment of dividends

36

48

81

2,495

7,172

8,293

7,466

6,375

6,276

6,003

6,001

Release of treasury stock/stock surrendered on vested awards

1,172

175

177

2,264

-

-

-

-

-

-

-

Lease payments

293

-

-

-

-

-

-

-

-

-

-

Excess tax benefit for options

-

-

-

-

-

7

49

35

37

7

13

Purchase of treasury stock

-

-

-

-

6,894

6,907

64

115

26

0

-

Net cash provided by (used in) financing activities

-

-

-

-

-

-9,117

-17,625

-

-

-

-

Net cash provided by financing activities

10,683

-2,462

12,910

16,441

-28,714

-

-

4,303

-13,109

31,392

-18,295

Net change in cash

2,703

1,393

-

-

0

0

-274

274

0

0

0

Supplemental disclosures of non-cash activities
Cash paid during the year for interest

3,011

2,811

1,961

728

900

-

-

-

-

-

-

Cash paid during the year for interest

-

-

-

-

-

1,160

998

1,231

1,445

743

514

Cash paid during the year for income taxes

1,762

3,696

64

233

4,278

10,029

-

-

-

-

-

Cash paid during the year for income taxes

-

-

-

-

-

-

10,236

9,762

14,732

6,191

7,352