Hawkins, inc. (HWKN)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jul'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'11Dec'10Sep'10Jun'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)

4,763

4,547

9,250

9,807

3,771

4,130

7,409

9,123

9,123

-37,361

17,143

5,210

5,831

4,210

3,551

7,190

7,604

4,859

815

5,678

6,791

3,900

3,146

6,147

6,021

4,295

3,480

5,207

5,112

4,165

1,348

7,230

4,383

3,505

5,552

6,901

6,727

1,891

4,254

6,832

7,337

Reconciliation to cash flows:
Depreciation and amortization

5,403

5,442

5,386

5,353

5,358

5,393

5,498

5,507

5,507

5,631

5,409

5,519

5,831

5,422

5,169

5,209

5,075

5,043

3,518

3,386

3,564

3,765

3,179

3,087

2,984

2,927

2,930

3,432

3,316

3,024

2,463

2,433

2,328

2,220

2,139

2,056

2,043

2,042

1,681

1,701

1,724

Operating leases

-

-

-37

-69

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt issuance costs

23

23

24

23

24

30

34

34

34

34

34

34

34

34

34

34

34

34

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss on deferred compensation assets

-

131

26

117

-

-316

78

-2

-2

-

54

45

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

277

-

-

-

0

-

-

-

-

-

-

-

-

Stock compensation expense

443

685

636

509

436

590

514

470

470

162

362

438

409

477

576

539

535

429

408

412

457

398

466

362

405

376

350

345

251

386

395

442

398

405

361

375

209

820

478

371

283

Loss (gain) from property disposals

-675

69

49

-6

-361

14

10

-78

-78

29

25

7

-15

-383

-4

1

64

15

22

9

-13

-38

-54

43

4

-76

18

-27

-26

-13

-11

-13

-116

-19

33

-14

-2

-159

6

13

13

Changes in operating accounts (using) providing cash:
Trade receivables

11,422

-9,444

-3,635

5,044

2,535

-4,939

-1,541

4,432

4,432

5,693

-1,440

-2,647

4,558

5,016

-845

-4,644

-1,786

6,743

-753

-2,449

-591

5,730

-2,331

-4,319

1,971

3,406

-2,596

-954

1,842

654

-737

-2,830

764

2,761

-1,163

-251

1,060

3,914

-464

157

2,322

Inventories

-3,105

-3,263

2,112

-1,789

-7,190

-99

1,404

6,631

6,631

-3,000

-3,199

383

14,303

992

-4,095

7,025

-393

-1,622

-2,229

2,117

2,056

12

-1,135

2,971

8,129

-4,310

-1,230

-3,639

7,057

-708

-2,601

5,059

-1,177

-4,733

-1,834

1,934

3,314

54

-357

-1,073

4,517

Accounts payable

6,697

-2,707

-2,504

2,742

-124

-6,385

-1,164

3,536

3,536

5,147

1,735

-1,547

-1,178

8,018

-6,340

-1,467

351

5,850

-1,898

1,212

-1,333

1,201

-688

-3,713

3,763

636

-575

-1,902

2,176

-2,896

-3,341

-3,038

8,090

3,770

-3,527

-4,630

2,541

3,919

593

-1,200

2,044

Accrued liabilities

3,811

1,356

3,163

-7,667

3,491

945

4,024

-3,708

-3,708

2,731

-977

3,519

-3,599

1,512

-186

2,797

-4,539

-1,883

3,441

679

-1,995

855

272

62

-1,695

-261

826

428

-852

668

466

2,145

-4,598

1,546

854

1,428

-3,485

2,564

905

1,486

-4,797

Accrued interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes

668

-1,344

-2,248

3,510

-442

-793

-68

3,419

3,419

-2,688

724

218

35

-279

-2,334

766

2,416

1,586

-4,195

347

1,561

-393

-1,169

73

-688

-405

210

797

-604

2,823

-3,399

2,022

2,447

-3,777

-83

432

3,177

-2,353

11,077

-1,674

-4,521

Other

-

-

-1,814

870

-

-

-1,744

583

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

583

-724

2,140

-819

464

-789

2,637

-940

-828

-533

1,763

-562

-333

-68

1,325

-844

-738

-218

2,129

-836

-507

-298

2,026

-396

-468

-485

63

-168

-357

-81

691

-866

-363

Net cash provided by operating activities

13,911

17,875

17,006

10,110

16,960

6,175

18,040

6,815

6,815

12,789

10,085

16,422

-11,947

13,862

2,948

13,626

14,419

12,541

3,267

12,599

7,926

3,623

7,450

8,167

1,424

9,700

10,116

13,486

1,310

5,470

6,545

9,414

14,045

13,227

8,197

5,061

7,197

4,222

7,055

12,633

4,623

CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to property, plant, and equipment

5,123

5,338

4,929

9,159

5,413

2,994

1,840

2,371

2,371

2,701

3,828

6,618

6,556

5,805

5,556

3,991

6,264

7,070

7,444

4,488

5,181

4,466

3,844

2,944

3,298

1,772

3,960

2,466

4,063

6,577

8,200

7,635

4,248

6,230

7,618

2,583

3,626

4,657

2,626

1,837

3,301

Other

-

-117

-146

-63

-

-58

-74

-35

-35

-

-173

-76

-49

-

46

38

180

-

293

54

-110

-

29

90

18

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

1,219

2,679

2,194

2,909

-15

3,611

8,798

7,205

4,165

4,655

9,136

1,960

3,855

10,045

2,895

3,430

3,920

6,615

200

9,800

0

2,450

1,960

Sale and maturities of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,053

25,380

5,370

3,960

3,525

2,530

2,705

4,520

4,427

2,940

4,900

4,345

6,370

3,675

2,940

1,915

3,430

1,960

4,245

5,635

6,615

12,485

7,170

4,275

Proceeds from property disposals

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

59

13

42

73

47

59

54

31

126

9

89

63

27

13

40

Acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,199

8,427

146,322

4,450

0

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,709

-

-

-

-

Net cash used in investing activities

-5,103

-5,221

-4,783

-9,096

-5,305

-2,936

-1,766

-2,336

-2,336

-2,635

-3,655

-6,542

-6,507

-5,745

-5,510

-3,953

-8,283

-12,322

-129,312

-6,193

-3,525

-3,764

-11,338

-3,760

-7,558

-4,549

-7,542

-2,208

-8,812

-2,094

-8,333

-14,781

-5,174

-6,199

-9,452

-4,944

189

-33,279

9,886

2,896

-946

CASH FLOWS FROM FINANCING ACTIVITIES:
Cash dividends paid

2,475

2,445

2,445

2,460

2,450

2,409

2,412

4,704

4,704

0

4,695

0

4,466

0

4,457

0

4,226

0

4,219

0

4,038

0

4,036

0

3,823

0

3,818

0

3,592

0

3,584

0

3,352

0

3,322

0

3,095

0

4,126

0

2,879

Stock options exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

186

0

185

330

0

-

-

-

-

-

-

-

-

Excess tax benefit from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-107

-7

277

-225

288

63

159

0

-

-

-

-

-

-

-

-

New shares issued

-

0

661

0

-

0

0

677

677

-

0

0

704

-

0

0

553

-

0

530

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Shares surrendered for payroll taxes

0

0

0

343

1

0

0

265

265

0

0

0

0

-

-

-

-

320

0

0

379

0

0

0

295

0

0

0

485

0

0

0

0

-

-

-

-

-

-

-

-

Shares repurchased

2,060

0

1,990

1,803

1,966

2,386

0

0

-

-

-

-

-

-

-

-

-

0

0

4,249

552

739

33

0

1,431

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net payments on revolver borrowings

-

-7,000

-10,000

0

-

85,000

-12,500

2,500

2,500

-

4,000

-7,000

20,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on term loan borrowings

-

-

0

0

-

-

2,500

2,500

2,500

-

1,875

1,875

1,875

-

1,250

1,250

1,250

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on senior secured term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from revolver borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

53

-

-

-

-

Net cash used in financing activities

-11,796

-9,445

-13,774

-4,606

-9,756

22

-17,412

-4,292

-4,292

-12,799

-2,570

-8,875

14,363

-9,637

-5,707

-14,250

-4,923

-1,020

126,102

-3,719

-4,969

-214

-3,819

491

-5,549

475

-3,825

736

-4,116

756

-3,336

989

-3,352

2,258

-3,179

313

-3,042

83

-4,126

0

-2,879

NET (DECREASE) INCREASE IN CASH AND CASH EQUIVALENTS

-2,988

3,209

-1,551

-3,592

1,899

3,261

-1,138

187

187

-2,645

3,860

1,005

-4,091

-1,520

-8,269

-4,577

1,213

-801

57

2,687

-568

-355

-7,707

4,898

-11,683

5,626

-1,251

12,014

-11,618

4,132

-5,124

-4,378

5,519

9,286

-4,434

430

4,344

-28,974

12,815

15,529

798

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION-
Cash paid during the year for income taxes

-

-

-

-

2,489

2,343

2,757

-

0

1,168

2,741

3,046

3,277

3,445

3,962

3,612

2,402

2,741

3,089

3,468

2,513

2,985

2,871

3,620

4,325

1,331

479

2,261

3,686

1,776

2,465

2,364

295

2,630

3,430

3,899

829

3,590

3,631

2,516

34

Cash paid for interest

-

-

-

756

-

-

-

872

872

796

739

807

683

595

550

546

650

702

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncash investing activities - Capital expenditures in accounts payable

647

-173

157

410

169

172

-57

211

211

199

-458

431

296

-118

488

-161

749

1,044

-566

686

720

677

-586

850

185

170

-60

-196

785

885

-1,651

208

1,959

-824

785

-63

381

1,196

-247

259

242