Insteel industries inc (IIIN)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'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'11Dec'10
Cash Flows From Operating Activities:
Net earnings

4,364

555

-1,767

2,190

1,049

4,126

-

9,408

12,868

5,879

8,111

3,799

6,869

7,420

4,460

9,854

13,531

7,152

6,708

9,624

5,392

2,544

4,150

4,575

5,797

3,522

2,747

2,345

3,274

3,714

2,402

833

894

262

-180

972

3,650

2,619

-7,628

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

3,513

3,478

3,469

3,462

3,380

3,242

-

3,240

3,169

3,233

3,176

3,073

2,847

2,711

3,018

3,015

2,909

2,878

2,742

3,230

2,907

2,928

2,869

2,793

2,579

2,478

2,424

2,570

2,524

2,407

2,332

2,467

2,460

2,429

2,406

2,511

2,509

2,499

2,054

Amortization of capitalized financing costs

16

16

17

16

16

16

-

17

16

16

16

17

16

16

16

17

16

16

16

17

21

25

26

25

26

25

26

25

26

25

26

27

25

25

20

20

21

20

20

Stock-based compensation expense

941

186

856

182

845

174

-

837

168

838

235

902

210

876

257

918

245

1,047

229

796

229

831

442

884

549

820

408

707

361

780

313

744

338

757

369

1,019

716

643

539

Deferred income taxes

419

186

-395

57

5

2,131

-

-486

-51

-201

-2,069

-202

1,795

-277

1,187

-61

-274

-344

1,215

-213

-282

-107

935

154

-330

-102

319

705

263

1,676

1,237

270

526

155

-116

683

1,802

1,693

-3,969

Asset impairment charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-11

-310

684

583

2,868

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

420

571

253

19

3

147

0

353

31

105

86

215

114

295

36

-

-11

126

5

-

-

-

-

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

-

-

-72

2

1,049

709

-

-111

-49

-204

-17

-15

-3

-10

-36

-46

-223

-31

239

897

76

1,602

77

-

-

-

-

-2

-413

79

-12

-

-

-

-

-

-

-

-

Gain on early extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

425

-

-

-

-

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

-

339

-

-

-

-

-

125

153

19

256

244

208

287

73

212

172

96

0

-194

-50

147

136

44

110

69

289

262

2

291

0

180

-167

447

290

-

59

50

248

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

15,647

-8,777

-6,561

169

14,050

-14,960

-

-4,348

5,377

10,686

-515

-2,023

-7,270

5,422

-3,234

-2,037

848

8,210

-6,414

-1,433

4,190

3,337

-10,360

-3,451

5,470

7,421

-7,356

3,723

3,801

-1,661

-6,891

1,424

4,190

395

-5,842

-1,720

6,273

15,062

-2,614

Inventories

3,261

-5,599

-33,773

-12,603

1,921

21,149

-

39,406

-8,405

-7,762

-10,935

-1,829

24,452

-2,360

-9,596

7,272

7,340

-12,491

3,056

-4,784

-12,646

-4,025

5,565

-3,560

7,768

1,373

11,233

-9,759

2,337

9,976

-9,535

-11,614

8,163

-4,177

-2,972

5,920

8,737

655

-3,442

Accounts payable and accrued expenses

5,072

10,225

-8,952

-3,283

-5,212

-25,145

-

25,223

7,229

2,575

-6,793

-12,220

11,422

6,280

-17,412

1,028

14,484

-3,844

-2,659

1,548

1,324

1,983

-22,716

-6,789

20,250

3,485

4,387

-7,695

5,537

3,247

556

-1,655

-1,088

4,860

-11,679

-3,148

6,227

13,398

-4,038

Other changes

-1,275

-892

1,104

662

424

414

-

-967

981

-128

-877

191

1,309

5

425

635

448

-787

-1,274

1,354

-135

-452

-199

-47

383

133

-263

-547

160

218

-205

929

830

-690

-368

-819

651

133

745

Total adjustments

-7,331

29,020

34,314

12,062

-18,472

-26,894

-

-5,274

12,474

3,850

6,653

-4,998

-2,406

6,262

-566

745

8,375

4,205

5,683

9,825

12,761

5,141

-13,663

2,524

8,377

-1,885

3,575

2,420

2,710

-1,108

21,071

10,577

-10,744

12,051

-549

-3,784

-3,787

2,514

2,537

Net cash provided by (used for) operating activities

-2,967

29,575

32,547

14,252

-17,423

-22,768

-

4,134

25,342

9,729

14,764

-1,199

4,463

13,682

3,894

10,599

21,906

11,357

12,391

19,449

18,153

7,685

-9,513

7,099

14,174

1,637

6,322

4,765

5,984

2,606

23,473

11,410

-9,850

12,313

-729

-2,812

-137

5,133

-5,091

Cash Flows From Investing Activities:
Acquisition of business

-

-

-

-

-

-

-

0

0

0

3,300

-

0

0

0

-

-

-

-

0

0

69

411

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-280

37,588

Capital expenditures

1,768

600

1,132

1,273

1,913

6,194

-

5,968

3,165

3,236

6,080

3,720

6,199

5,239

5,417

3,900

4,743

3,393

941

386

2,180

1,072

3,515

3,154

2,837

980

1,984

652

654

1,163

2,561

3,705

356

2,997

1,008

1,645

1,390

4,396

506

Proceeds from surrender of life insurance policies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

40

-

-

-

-

0

72

0

505

-

-

-

-

-

-

-

-

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

-710

42

17

42

781

-518

-

64

46

51

194

75

53

56

221

51

60

52

212

44

88

196

0

111

35

170

99

10

28

58

-32

11

29

0

427

-

-

-

-

Proceeds from surrender of life insurance policies

-

-

0

49

5

13

-

13

31

80

41

0

23

77

0

6

94

0

40

-

-

-

-

45

47

85

28

0

0

3

0

21

0

0

16

-

-

-

-

Proceeds from sale of assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

180

3,537

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

60

28

15

0

89

-

-

-

-

-

-

-

-

209

0

81

15

-

-

-

-

Net cash used for investing activities

-22,552

-642

-1,147

-1,113

-1,633

-5,663

-

-6,019

-3,180

-3,207

-9,533

-3,795

-6,229

-5,218

-5,638

-3,945

-4,709

-3,445

-873

3,135

-2,153

-1,046

-2,975

-35,811

-1,579

-930

-2,055

-655

-2,497

-1,118

-2,024

-3,486

-385

-2,916

-1,404

1,425

-1,260

-3,460

-38,094

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

68

67

94

26,613

17,536

90

-

82

121

79

90

82

146

79

97

55

101

107

65

106

398

12,717

47,757

18,884

114

99

118

101

116

891

3,494

11,471

27,785

10,374

41,520

40,199

6,699

5,799

109

Principal payments on long-term debt

68

67

94

31,978

12,171

90

-

82

121

79

90

82

146

79

97

55

101

107

65

106

10,398

12,717

37,757

18,884

114

99

118

101

116

891

14,969

18,611

17,170

18,757

38,868

39,543

6,699

5,799

109

Cash dividends paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

570

567

19,163

559

554

553

553

551

551

548

548

546

546

543

541

4,969

531

531

530

529

-

-

-

-

Cash received from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

0

0

72

35

753

1,060

1,760

1,492

0

24

176

0

764

190

163

12

45

1,123

2,194

63

0

0

1

1

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

420

571

253

19

3

147

0

353

31

105

86

215

114

295

36

-

-11

126

5

-

-

-

-

Payment of employee tax withholdings related to net share transactions

-

-

64

0

168

7

-

-

-

-

-

178

0

502

144

558

674

297

332

224

6

248

0

253

0

231

274

705

0

0

0

-

-

-

-

-

-

-

-

Financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

11

0

207

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

237

0

-348

-299

324

-61

-227

4

5

33

-134

37

Net cash provided by (used for) financing activities

-

-

-668

-6,180

4,043

-7

-

-

-

-

-

-749

-571

-25,299

-109

-1,619

239

-17,129

843

-759

-10,739

-478

9,449

313

-327

-511

-722

-754

694

1,600

-16,644

-7,924

10,012

-9,174

2,133

-612

-487

-567

37

Net increase (decrease) in cash and cash equivalents

-26,751

28,933

30,732

6,959

-15,013

-28,438

-

-1,291

21,768

-13,872

5,231

-5,743

-2,337

-16,835

-1,853

5,035

17,436

-9,217

12,361

21,825

5,261

6,161

-3,039

-28,399

12,268

196

3,545

3,356

4,181

3,088

4,805

-

-

-

-

-1,999

-1,884

1,106

-43,148

Supplemental Disclosures of Cash Flow Information:
Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24

26

77

16

28

0

0

2

0

0

2

18

66

69

66

552

-83

373

30

36

Income taxes, net

261

14

-16

372

1,351

36

-

4,224

2,493

1,067

-7

2,504

2,636

4,116

44

7,018

3,633

6,339

2,194

3,607

795

3,358

45

3,425

1,962

2,469

33

1,244

702

708

13

5

98

40

33

-1,143

-106

51

709

Purchases of property, plant and equipment in accounts payable

-36

310

-141

21

-593

1,090

-

468

-734

228

1,005

-1,627

940

-335

1,487

1,286

91

-110

479

388

-45

21

206

635

-330

-365

740

-70

226

141

135

-222

301

-245

342

377

-434

368

73

Declaration of cash dividends to be paid

-

578

-

-

-

576

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted stock units and stock options surrendered for withholding taxes payable

-

-

64

0

168

7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted stock units and stock options surrendered for withholding taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

0

502

144

558

674

297

332

224

6

248

0

253

0

231

274

438

0

267

0

-

-

-

-

-

-

-

-

Post-closing purchase price adjustment for business acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

65

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note payable issued as consideration for business acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

13,500