Insteel industries inc (IIIN)
CashFlow / Yearly
Sep'19Sep'18Sep'18Sep'17Sep'16Sep'15Sep'14Sep'13Sep'12Sep'11Sep'10Sep'09
Cash Flows From Operating Activities:
Net earnings

5,598

36,266

36,266

22,548

37,245

21,710

16,641

11,735

1,809

-387

473

-22,086

Adjustments to reconcile net earnings to net cash provided by (used for) operating activities:
Depreciation and amortization

13,553

12,818

12,818

11,649

11,544

11,934

10,274

9,833

9,762

9,573

7,009

7,377

Earnings from discontinued operations

-

-

-

-

-

-

-

-

-

-

15

-1,146

Earnings (loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

458

-20,940

Amortization of capitalized financing costs

65

65

65

65

65

89

102

102

97

81

363

508

Stock-based compensation expense

2,057

2,078

2,078

2,245

2,439

2,298

2,661

2,161

2,208

2,917

2,258

2,036

Deferred income taxes

1,798

-2,807

-2,807

2,503

536

333

41

3,881

835

209

-1,121

997

Pension plan settlement loss, net of cash contributed

-

0

-

-

-620

0

0

-

-

-

-

-

Asset impairment charges

-

0

-

-

20

543

0

0

-11

3,825

-

-

Inventory write-downs

-

-

-

-

-

-

-

-

-

-

2,333

25,941

Excess tax benefits from stock-based compensation

-

-

-

-

-

169

575

660

-

8

-89

-32

Loss (gain) on sale and disposition of property, plant and equipment

1,688

-381

-381

-64

-61

2,652

1,629

-348

46

1,618

-39

-24

Gain on early extinguishment of debt

-

-

-

-

-

-

-

-

425

-

-

-

Increase in cash surrender value of life insurance policies over premiums paid

187

553

553

812

480

39

512

555

750

-

330

-

Gain from life insurance proceeds

-

-

-

-

-

-

-

45

505

357

-

-

Net changes in assets and liabilities (net of assets and liabilities acquired):
Accounts receivable, net

-7,302

11,200

11,200

-7,105

607

-4,266

2,084

-1,028

167

17,001

3,687

-28,298

Inventories

-23,306

12,304

12,304

10,667

5,177

-15,890

16,814

-6,981

-10,600

11,870

7,710

-6,737

Accounts payable and accrued expenses

-42,592

28,234

28,234

-11,930

9,009

-17,861

21,333

1,645

-9,562

12,439

-2,489

-14,761

Other changes

2,604

-991

-991

1,930

-978

568

206

-374

701

710

-15,825

14,157

Total adjustments

1,010

17,703

17,703

-1,708

19,008

14,064

12,591

25,093

11,335

-2,520

12,579

43,032

Net cash provided by (used for) operating activities - continuing operations

-

-

-

-

-

-

-

-

-

-

13,037

22,092

Net cash used for operating activities - discontinued operations

-

-

-

-

-

-

-

-

-

-

-158

30

Net cash provided by (used for) operating activities

6,608

53,969

53,969

20,840

56,253

35,774

29,232

36,828

13,144

-2,907

12,879

22,122

Cash Flows From Investing Activities:
Acquisition of business

-

3,300

3,300

-

0

480

-33,943

0

-

37,308

-

-

Capital expenditures

10,512

18,449

18,449

20,575

12,977

7,153

8,955

5,030

8,066

7,937

1,493

2,377

Proceeds from property insurance

1,192

-

-

-

-

1,713

2,732

0

-

-

-

-

Proceeds from surrender of life insurance policies

-

-

-

-

-

-

-

577

-

1,063

-

-

Decrease (increase) in cash surrender value of life insurance policies

322

355

355

405

375

328

415

64

467

147

456

215

Proceeds from surrender of life insurance policies

67

165

165

100

140

40

205

3

37

19

-

413

Acquisition of intangible asset

-

-

-

-

-

1,460

0

1,887

-

-

-

-

Proceeds from sale of assets held for sale

-

0

-

-

180

3,537

0

0

-

2,403

-

-

Proceeds from sale of property, plant and equipment

19

0

-

-

60

132

1

107

305

518

11

13

Net cash used for investing activities - continuing operations

-

-

-

-

-

-

-

-

-

-

-1,938

-2,166

Net cash provided by investing activities - discontinued operations

-

-

-

-

-

-

-

-

-

-

2,358

-

Net cash used for investing activities

-9,556

-21,939

-21,939

-20,880

-12,972

-3,039

-40,375

-6,294

-8,191

-41,389

420

-2,166

Cash Flows From Financing Activities:
Proceeds from long-term debt

44,333

372

372

404

328

60,978

19,215

4,602

91,150

52,806

338

22,920

Principal payments on long-term debt

44,333

372

372

404

328

60,978

19,215

16,077

93,406

52,150

338

22,920

Cash dividends paid

2,310

21,333

21,333

26,011

20,859

2,211

2,193

6,599

2,121

2,112

2,108

11,381

Cash received from exercise of stock options

-

2,081

2,081

107

5,065

200

1,129

3,425

2

21

140

66

Excess tax benefits from stock-based compensation

-

-

-

-

-

169

575

660

-

8

-89

-32

Payment of employee tax withholdings related to net share transactions

239

942

942

824

1,861

478

758

705

446

143

-

-

Financing costs

263

0

-

-

11

207

0

0

172

-

409

-

Other

-

-

-

-

-

-

-

-410

40

-59

-

-

Net cash used for financing activities - continuing operations

-

-

-

-

-

-

-

-

-

-

-2,466

-11,347

Net cash provided by (used for) financing activities

-2,812

-20,194

-20,194

-26,728

-17,666

-2,527

-1,247

-15,104

-4,953

-1,629

-2,466

-11,347

Net increase (decrease) in cash and cash equivalents

-5,760

11,836

11,836

-26,768

25,615

30,208

-12,390

15,430

-

-45,925

10,833

8,609

Supplemental Disclosures of Cash Flow Information:
Interest

49

-

-

-

-

143

30

20

753

356

90

133

Income taxes, net

1,743

7,777

7,777

9,300

19,184

7,805

7,889

2,667

176

-489

189

11,454

Purchases of property, plant and equipment in accounts payable

377

967

967

465

1,746

570

680

432

176

384

15

136

Restricted stock units and stock options surrendered for withholding taxes payable

239

-

942

824

-

-

-

-

-

-

-

-

Restricted stock units and stock options surrendered for withholding taxes payable

-

942

-

-

1,861

478

758

705

446

143

-

-

Post-closing purchase price adjustment for business acquired

-

-

-

-

-

-

45

0

-

500

-

-

Note payable issued as consideration for business acquired

-

-

-

-

-

-

-

-

-

13,500

-

-

Restricted stock surrendered for withholding taxes payable

-

-

-

-

-

-

-

-

-

-

79

24