Installed building products, inc. (IBP)
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'13
Cash flows from operating activities
Net income

15,988

19,194

21,212

18,919

8,834

16,476

15,563

16,315

6,394

10,793

12,010

11,973

6,364

11,081

11,549

9,993

5,813

9,287

9,481

6,507

1,242

5,056

6,196

2,307

373

-

-

-

-

Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization of property and equipment

10,374

-

-

-

9,111

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization of property and equipment

-

-

-

-

-

8,739

8,336

8,253

7,978

7,553

7,250

6,930

6,552

6,331

5,959

5,838

5,443

5,103

4,506

3,866

3,500

3,443

3,129

2,964

2,638

-

-

-

-

Amortization of operating lease right-of-use assets

4,207

4,094

3,990

3,809

3,798

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangibles

6,680

6,435

6,156

6,021

5,888

5,722

5,228

7,322

7,128

7,110

6,824

6,550

6,416

3,081

2,889

2,810

2,479

2,173

1,817

1,485

789

733

693

714

697

-

-

-

-

Amortization of deferred financing costs and debt discount

325

339

281

282

282

281

282

299

302

325

344

322

102

101

103

102

77

65

66

97

36

36

36

43

44

-

-

-

-

Provision for credit losses

1,298

1,139

1,568

777

828

411

1,111

212

896

626

401

576

1,231

968

779

660

521

-632

598

417

536

557

500

353

490

-

-

-

-

Write-off of debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

286

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of property and equipment

35

71

-87

137

19

547

324

42

185

163

139

83

107

36

45

94

79

162

83

96

68

144

74

119

123

-

-

-

-

Noncash stock compensation

2,681

2,285

2,097

2,323

2,022

1,750

1,893

1,956

2,240

1,842

2,180

2,090

480

363

360

635

536

584

574

856

102

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,313

0

0

708

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities, excluding effects of acquisitions
Accounts receivable

1,000

438

11,268

14,172

3,704

-5,787

15,761

13,134

7,058

-4,681

7,215

14,221

3,200

882

8,136

6,697

3,045

1,121

6,540

11,959

-2,094

-3,553

8,671

6,597

-1,027

-

-

-

-

Inventories

-1,411

9,745

-798

2,449

-799

8,918

2,804

1,575

2,420

3,735

274

-1,236

894

5,519

-152

1,946

1,364

-114

972

1,192

796

-421

1,445

634

1,267

-

-

-

-

Other assets

-6,933

12,114

3,350

447

1,048

3,751

-2,938

-400

4,139

5,297

-1,958

541

722

1,924

-2,285

-823

-1,619

4,442

-1,550

-3,433

-282

5,576

-194

-710

449

-

-

-

-

Accounts payable

-8,308

-1,588

3,788

6,554

-7,807

623

7,219

361

-57

3,638

4,708

-262

-1,781

8,521

-2,753

3,075

3,557

-8,288

4,185

2,515

-923

-1,968

1,957

1,696

2,900

-

-

-

-

Income taxes receivable/payable

5,649

-17,431

7,140

3,601

2,746

-269

5,355

3,884

1,303

-8,438

-6,065

-7,208

3,106

-2,168

4,525

-1,157

284

1,674

-1,384

2,256

1,046

-1,378

555

-722

-133

-

-

-

-

Other liabilities

-10,291

7,862

8,883

1,927

-5,841

991

6,638

1,675

-6,297

1,787

2,933

4,189

-1,873

85

750

2,291

2,992

3,819

-193

1,229

-1,855

498

3,816

1,585

-677

-

-

-

-

Net cash provided by operating activities

35,912

16,550

54,117

36,511

15,889

27,784

35,724

27,040

6,085

15,431

24,915

12,752

15,674

18,689

18,417

16,333

19,827

5,436

13,712

9,414

5,985

4,909

7,063

2,600

5,030

1,607

10,171

1,001

-8,555

Cash flows from investing activities
Purchases of investments

776

35,443

0

9,870

7,482

0

5,036

0

17,782

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maturities of short term investments

12,275

2,501

5,000

10,030

7,530

5,282

10,000

8,500

19,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-95

Purchases of property and equipment

9,919

12,900

19,489

9,120

8,658

8,181

8,573

8,241

10,237

8,721

8,266

6,905

7,776

7,844

5,745

6,921

6,503

7,346

8,446

5,847

5,666

3,550

1,108

769

749

593

651

786

635

Acquisitions of businesses

8,501

26,966

3,450

16,165

5,125

23,058

16,056

7,121

11,505

6,126

14,111

10,010

106,873

16,885

6,479

21,151

8,797

13,234

27,051

13,970

30,019

9,051

1,307

0

2,006

494

0

0

687

Proceeds from sale of property and equipment

162

198

111

256

196

852

549

274

283

277

231

248

203

168

139

194

190

186

108

187

153

171

128

230

160

127

141

860

112

Other

1,340

1,092

919

456

420

1,429

50

490

1,050

575

313

982

550

-

-

-

-

-

-

-

-

0

0

0

490

-

-

-

-

Net cash used in investing activities

-8,099

-73,702

-18,747

-25,325

-13,959

-26,534

-19,166

-7,078

-21,291

-20,144

-22,326

-42,977

-114,996

-24,524

-12,085

-27,878

-15,110

-20,394

-35,402

-20,037

-35,532

-10,792

-2,287

-469

-2,595

-960

-510

74

-1,115

Cash flows from financing activities
Payments on term loan

-

-

-

-

1,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from initial public offering of common stock, net of costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

87,645

-

-

-

-

Redemption of Redeemable Preferred Stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

75,735

-

-

-

-

Net payments on a previous revolving line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-6,989

-11,566

-8,714

3,554

-5,212

1,731

9,965

Proceeds from term loan (Note 7)

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

100,000

-

-

-

-

-

-

-

-

-

-

-

-

Payments on term loan (Note 7)

-

-

-

-

-

-

-

-

-

750

750

95,000

1,250

1,250

1,250

1,250

48,125

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from delayed draw term loan

-

-

-

-

-

-

0

0

-750

0

0

0

112,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on delayed draw term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

50,000

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from vehicle and equipment notes payable

7,094

9,323

9,984

8,875

4,908

4,786

6,386

9,761

4,510

6,643

6,500

4,986

4,331

6,638

5,271

6,106

4,933

8,517

4,838

3,618

4,361

-

-

-

-

-

-

-

-

Debt issuance costs

22

-

-

-

-

0

59

1,932

1

106

235

7,107

833

0

0

10

1,228

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on long-term debt

6,711

6,038

5,527

5,805

3,946

3,806

3,461

3,771

3,092

2,801

2,286

2,798

2,117

1,794

1,464

1,472

1,119

1,457

1,020

845

766

362

30

393

296

40

48

379

46

Principal payments on finance lease obligations

738

759

917

1,115

1,366

1,288

1,288

1,399

1,629

1,731

1,845

1,856

1,882

2,002

2,040

2,208

2,348

2,398

2,425

2,438

2,413

2,443

2,444

2,357

2,120

2,030

1,874

1,580

1,141

Acquisition-related obligations

2,378

935

758

2,221

2,818

1,053

606

555

1,740

1,030

1,765

421

1,248

325

1,541

79

1,112

-

-

-

-

-

-

-

-

-

-

-

-

Payments for deferred initial public offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2,124

2,130

-

-

-

-

Repurchase of common stock

15,759

-

-

-

-

46,536

18,187

0

24,640

-

-

-

-

-

-

-

-

0

0

0

6,100

-

-

-

-

-

-

-

-

Surrender of common stock awards by employees

-

0

8

2,319

4

0

0

2,226

56

12

0

496

54

0

0

0

836

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-18,514

91

103,833

-3,585

-4,226

-49,897

-17,215

99,878

-27,398

215

-2,271

72,308

109,447

1,267

-1,024

13,587

165

16,511

21,393

9,839

25,132

-8,088

14,823

-2,148

-1,350

-1,852

-8,244

-228

8,778

Net change in cash and cash equivalents

9,299

-57,061

139,203

7,601

-2,296

-48,647

-657

119,840

-42,604

-4,498

318

42,083

10,125

-4,568

5,308

2,042

4,882

1,553

-297

-784

-4,415

-13,971

19,599

-17

1,085

-1,205

1,417

847

-892

Supplemental disclosures of cash flow information Net cash paid during the period for:
Interest

9,798

3,197

5,953

5,977

5,816

5,965

5,761

4,435

3,914

4,025

4,099

3,590

2,044

1,438

1,367

1,382

1,155

1,116

691

834

646

786

700

870

313

516

558

765

199

Income taxes, net of refunds

37

18,843

195

2,858

737

3,048

-4

1,007

899

12,595

12,891

12,751

650

8,501

2,073

5,957

2,398

5,166

7,009

1,342

-24

4,408

2,147

2,112

467

2,054

19

2,024

4,157

Supplemental disclosure of noncash activities
Common stock issued for acquisition of business

-

-

-

-

-

-

-

-

-

0

0

0

10,859

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right-of-use assets obtained in exchange for operating lease obligations

5,612

7,314

2,916

4,826

3,851

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment obtained in exchange for finance lease obligations

343

634

345

722

1,108

1,174

220

502

312

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Vehicles capitalized under capital leases and related lease obligations

-

-

-

-

-

-

-

-

-

-

1,554

1,703

816

781

923

786

1,247

629

784

1,457

509

1,002

4,214

4,734

4,633

1,749

4,384

7,999

2,991

Seller obligations in connection with acquisition of businesses

2,570

3,221

1,160

1,782

1,380

2,120

1,619

708

3,093

1,369

734

723

2,302

1,610

419

1,378

1,052

816

3,972

2,906

5,486

3,090

175

0

279

0

0

0

300

Unpaid purchases of property and equipment included in accounts payable

1,346

376

-807

831

1,503

1,158

-412

-458

1,485

895

450

49

609

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Unpaid offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,085

-

-

-

-