Insteel industries inc (IIIN)
CashFlow / TTM
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

5,342

2,027

5,598

16,773

27,451

32,281

-

36,266

30,657

24,658

26,199

22,548

28,603

35,265

34,997

37,245

37,015

28,876

24,268

21,710

16,661

17,066

18,044

16,641

14,411

11,888

12,080

11,735

10,223

7,843

4,391

1,809

1,948

4,704

7,061

-387

0

0

0

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

13,922

13,789

13,553

13,324

13,031

12,884

-

12,818

12,651

12,329

11,807

11,649

11,591

11,653

11,820

11,544

11,759

11,757

11,807

11,934

11,497

11,169

10,719

10,274

10,051

9,996

9,925

9,833

9,730

9,666

9,688

9,762

9,806

9,855

9,925

9,573

0

0

0

Amortization of capitalized financing costs

65

65

65

65

65

65

-

65

65

65

65

65

65

65

65

65

65

70

79

89

97

102

102

102

102

102

102

102

104

103

103

97

90

86

81

81

0

0

0

Stock-based compensation expense

2,165

2,069

2,057

2,038

2,024

2,017

-

2,078

2,143

2,185

2,223

2,245

2,261

2,296

2,467

2,439

2,317

2,301

2,085

2,298

2,386

2,706

2,695

2,661

2,484

2,296

2,256

2,161

2,198

2,175

2,152

2,208

2,483

2,861

2,747

2,917

0

0

0

Deferred income taxes

267

-147

1,798

1,707

1,599

1,393

-

-2,807

-2,523

-677

-753

2,503

2,644

575

508

536

384

376

613

333

700

652

657

41

592

1,185

2,963

3,881

3,446

3,709

2,188

835

1,248

2,524

4,062

209

0

0

0

Asset impairment charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-11

-321

363

946

3,825

0

0

0

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,263

846

422

169

503

531

489

575

437

520

710

660

0

0

0

-

0

0

0

-

-

-

-

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

-

-

1,688

1,649

1,598

345

-

-381

-285

-239

-45

-64

-95

-315

-336

-61

882

1,181

2,814

2,652

0

0

0

-

-

-

-

-348

0

0

0

-

-

-

-

-

-

-

-

Gain on early extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

425

0

0

0

-

-

-

-

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

-

0

-

-

-

-

-

553

672

727

995

812

780

744

553

480

74

-148

-97

39

277

437

359

512

730

622

844

555

473

304

460

750

0

0

0

-

0

0

0

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

478

-1,119

-7,302

-5,089

119

-3,245

-

11,200

13,525

878

-4,386

-7,105

-7,119

999

3,787

607

1,211

4,553

-320

-4,266

-6,284

-5,004

-920

2,084

9,258

7,589

-1,493

-1,028

-3,327

-2,938

-882

167

-2,977

-894

13,773

17,001

0

0

0

Inventories

-48,714

-50,054

-23,306

49,873

54,071

44,388

-

12,304

-28,931

3,926

9,328

10,667

19,768

2,656

-7,475

5,177

-6,879

-26,865

-18,399

-15,890

-14,666

5,748

11,146

16,814

10,615

5,184

13,787

-6,981

-8,836

-3,010

-17,163

-10,600

6,934

7,508

12,340

11,870

0

0

0

Accounts payable and accrued expenses

3,062

-7,222

-42,592

-8,417

2,095

9,882

-

28,234

-9,209

-5,016

-1,311

-11,930

1,318

4,380

-5,744

9,009

9,529

-3,631

2,196

-17,861

-26,198

-7,272

-5,770

21,333

20,427

5,714

5,476

1,645

7,685

1,060

2,673

-9,562

-11,055

-3,740

4,798

12,439

0

0

0

Other changes

-401

1,298

2,604

533

852

300

-

-991

167

495

628

1,930

2,374

1,513

721

-978

-259

-842

-507

568

-833

-315

270

206

-294

-517

-432

-374

1,102

1,772

864

701

-1,047

-1,226

-403

710

0

0

0

Total adjustments

68,065

56,924

1,010

-38,578

-38,166

-15,844

-

17,703

17,979

3,099

5,511

-1,708

4,035

14,816

12,759

19,008

28,088

32,474

33,410

14,064

6,763

2,379

-4,647

12,591

12,487

6,820

7,597

25,093

33,250

19,796

32,955

11,335

-3,026

3,931

-5,606

-2,520

0

0

0

Net cash provided by (used for) operating activities

73,407

58,951

6,608

-21,805

-10,715

16,437

-

53,969

48,636

27,757

31,710

20,840

32,638

50,081

47,756

56,253

65,103

61,350

57,678

35,774

23,424

19,445

13,397

29,232

26,898

18,708

19,677

36,828

43,473

27,639

37,346

13,144

-1,078

8,635

1,455

-2,907

0

0

0

Cash Flows From Investing Activities:
Acquisition of business

-

-

-

-

-

-

-

3,300

0

0

3,300

-

0

0

0

-

-

-

-

480

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

37,308

0

0

0

Capital expenditures

4,773

4,918

10,512

15,348

17,240

18,563

-

18,449

16,201

19,235

21,238

20,575

20,755

19,299

17,453

12,977

9,463

6,900

4,579

7,153

9,921

10,578

10,486

8,955

6,453

4,270

4,453

5,030

8,083

7,785

9,619

8,066

6,006

7,040

8,439

7,937

0

0

0

Proceeds from surrender of life insurance policies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

577

0

0

0

-

-

-

-

-

-

-

-

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

-609

882

322

369

373

-357

-

355

366

373

378

405

381

388

384

375

368

396

540

328

395

342

316

415

314

307

195

64

65

66

8

467

0

0

0

-

-

-

-

Proceeds from surrender of life insurance policies

-

-

67

80

62

137

-

165

152

144

141

100

106

177

100

140

0

0

0

-

-

-

-

205

160

113

31

3

24

24

21

37

0

0

0

-

-

-

-

Proceeds from sale of assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

180

3,717

3,717

3,717

3,537

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

60

88

103

103

132

0

0

0

-

-

-

-

-

-

-

-

305

0

0

0

-

-

-

-

Net cash used for investing activities

-25,454

-4,535

-9,556

-14,428

-16,495

-18,069

-

-21,939

-19,715

-22,764

-24,775

-20,880

-21,030

-19,510

-17,737

-12,972

-5,892

-3,336

-937

-3,039

-41,985

-41,411

-41,295

-40,375

-5,219

-6,137

-6,325

-6,294

-9,125

-7,013

-8,811

-8,191

-3,280

-4,155

-4,699

-41,389

0

0

0

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

26,842

44,310

44,333

44,321

17,829

372

-

372

372

397

397

404

377

332

360

328

379

676

13,286

60,978

79,756

79,472

66,854

19,215

432

434

1,226

4,602

15,972

43,641

53,124

91,150

119,878

98,792

94,217

52,806

0

0

0

Principal payments on long-term debt

32,207

44,310

44,333

44,321

12,464

372

-

372

372

397

397

404

377

332

360

328

379

10,676

23,286

60,978

79,756

69,472

56,854

19,215

432

434

1,226

16,077

34,587

51,641

69,507

93,406

114,338

103,867

90,909

52,150

0

0

0

Cash dividends paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,859

20,843

20,829

2,219

2,211

2,208

2,203

2,198

2,193

2,188

2,183

2,176

6,599

6,584

6,572

6,561

2,121

0

0

0

-

-

-

-

Cash received from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

107

860

1,920

3,608

5,065

4,312

3,276

1,692

200

964

1,130

1,117

1,129

410

1,343

3,374

3,425

3,380

2,257

64

2

0

0

0

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,263

846

422

169

503

531

489

575

437

520

710

660

0

0

0

-

0

0

0

-

-

-

-

Payment of employee tax withholdings related to net share transactions

-

-

239

0

0

0

-

-

-

-

-

824

1,204

1,878

1,673

1,861

1,527

859

810

478

507

501

484

758

1,210

1,210

979

705

0

0

0

-

-

-

-

-

-

-

-

Financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11

11

218

218

207

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-410

-323

-384

-263

40

-279

-185

-92

-59

0

0

0

Net cash provided by (used for) financing activities

-

-

-2,812

0

0

0

-

-

-

-

-

-26,728

-27,598

-26,788

-18,618

-17,666

-16,806

-27,784

-11,133

-2,527

-1,455

8,957

8,924

-1,247

-2,314

-1,293

818

-15,104

-22,274

-12,956

-23,730

-4,953

2,359

-8,140

467

-1,629

0

0

0

Net increase (decrease) in cash and cash equivalents

39,873

51,611

-5,760

-37,783

-22,974

-21,833

-

11,836

7,384

-16,721

-19,684

-26,768

-15,990

3,783

11,401

25,615

42,405

30,230

45,608

30,208

-20,016

-13,009

-18,974

-12,390

19,365

11,278

14,170

15,430

0

0

0

-

-

-

-

-45,925

0

0

0

Supplemental Disclosures of Cash Flow Information:
Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

143

147

121

44

30

2

2

4

20

86

155

219

753

604

908

872

356

0

0

0

Income taxes, net

631

1,721

1,743

5,983

8,104

7,820

-

7,777

6,057

6,200

9,249

9,300

13,814

14,811

17,034

19,184

15,773

12,935

9,954

7,805

7,623

8,790

7,901

7,889

5,708

4,448

2,687

2,667

1,428

824

156

176

-972

-1,176

-1,165

-489

0

0

0

Purchases of property, plant and equipment in accounts payable

154

-403

377

986

231

1,052

-

967

-1,128

546

-17

465

3,378

2,529

2,754

1,746

848

712

843

570

817

532

146

680

-25

531

1,037

432

280

355

-31

176

775

40

653

384

0

0

0

Declaration of cash dividends to be paid

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted stock units and stock options surrendered for withholding taxes payable

-

-

239

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted stock units and stock options surrendered for withholding taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

1,204

1,878

1,673

1,861

1,527

859

810

478

507

501

484

758

943

943

979

705

0

0

0

-

-

-

-

-

-

-

-

Post-closing purchase price adjustment for business acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Note payable issued as consideration for business acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,500

0

0

0