INNOSPEC INC. IOSP Cash Flow

Innospec inc. (IOSP)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash Flows from Operating Activities
Net income
33,100	31,100	30,100	22,300	28,700	20,400	20,600	21,800	22,200	-4,800	23,300	26,100	17,200	22,100	11,400	28,900	18,900	31,500	35,600	34,500	17,900	27,900	20,800	18,500	16,900	28,700	14,000	17,100	18,000	11,300	15,500	15,500	24,600	17,800	-16,800	24,600	21,500
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
12,000	11,300	12,500	12,200	11,600	11,700	12,600	12,700	12,600	13,200	12,700	12,200	12,300	9,600	9,600	9,700	9,200	9,500	8,400	8,800	8,500	8,000	6,500	7,200	7,400	7,000	4,600	4,300	4,500	3,200	2,800	2,800	2,700	3,300	3,600	3,600	3,900
Impairment of Octane Additives segment goodwill
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	300	400	300	300	300	300	300	300	300	600	500	600
Adjustment to fair value of contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-3,100	-2,300	-2,400	-1,600	-9,100	-8,500	-26,600	3,500	-1,900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-1,400	0	1,600	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign exchange loss on liquidation of subsidiary
-	-	-	-	-	-	-	-	-	0	0	0	-1,800	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax expense
700	-700	-200	-100	200	3,100	700	0	1,700	-10,400	200	2,500	1,000	400	-600	800	300	-1,900	3,400	9,400	1,100	3,900	1,100	400	400	4,900	200	900	-200	11,200	100	600	200	-600	-4,600	400	200
Excess tax benefit from stock-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	700	-300	100	400	200	900	900	500	1,500	100	400	1,500	200	-100	0	600	600
Cash contributions to defined benefit pension plans
0	0	-100	200	300	200	300	200	300	200	300	300	200	300	200	300	300	1,100	2,700	2,500	2,700	2,800	3,000	2,900	2,900	2,900	2,700	2,600	2,800	2,400	2,300	2,400	2,300	2,600	2,300	2,300	2,300
Non-cash movements on defined benefit pension plans
-1,200	-1,400	-1,600	-1,500	-1,600	-1,100	-1,000	-1,100	-1,100	-900	-900	-900	-900	-1,500	-1,500	-1,600	-1,600	100	100	100	200	800	1,000	1,000	1,000	400	900	800	900	1,900	0	100	0	3,100	100	100	100
Stock option compensation
1,200	1,700	1,700	1,600	1,600	1,900	1,100	1,100	800	700	1,200	1,200	1,000	500	900	1,000	900	1,000	900	900	900	900	500	600	600	600	500	700	700	700	800	800	800	800	700	700	900
Changes in assets and liabilities, net of effects of acquired and divested companies:
Trade and other accounts receivable
7,900	-2,600	20,100	-17,800	18,500	-6,900	11,200	2,200	33,600	200	900	17,900	64,200	18,300	-11,400	-10,000	9,100	7,600	500	-7,600	-14,100	18,300	1,200	-4,400	-14,200	8,600	20,200	-10,600	-16,800	20,400	-2,500	-3,900	100	7,500	-3,800	7,300	4,300
Inventories
5,000	-8,400	5,900	-1,700	1,800	-13,300	10,300	8,100	37,100	-700	-7,800	16,500	22,800	-8,700	6,700	2,200	-7,900	-4,700	700	4,900	-6,400	-3,700	1,500	12,200	1,100	-14,400	12,000	7,900	4,600	-6,600	3,400	1,600	2,600	-1,400	-3,500	15,000	4,200
Prepaid expenses
-2,100	5,600	-2,700	100	100	3,100	-300	-3,400	100	9,000	-1,000	-2,200	1,000	-3,500	3,900	-200	-700	2,200	-2,400	-100	-1,500	3,300	0	-500	-1,500	-1,700	4,000	-2,200	400	-300	700	-800	300	-1,000	-1,400	3,100	-700
Accounts payable and accrued liabilities
-36,000	13,800	19,800	500	-10,900	6,200	20,200	-22,600	34,600	6,200	2,600	8,400	31,400	-2,400	13,100	7,000	-21,100	-2,900	1,500	10,000	-33,100	20,500	2,900	-1,500	-21,400	-8,300	17,700	0	-13,800	-13,000	20,500	-6,900	-6,100	-13,900	900	7,800	-8,500
Accrued income taxes
1,600	-2,000	200	-5,000	4,400	300	-700	-2,900	-2,800	50,200	1,600	-8,200	3,900	-1,100	-2,500	1,200	400	1,200	300	300	200	4,200	4,400	-1,700	8,000	-9,400	500	-5,200	-600	0	-1,000	1,200	800	5,500	-6,000	-2,800	-800
Plant closure provisions
100	-100	100	-400	400	600	1,200	1,100	700	900	900	900	1,100	400	600	600	300	2,700	0	900	500	2,600	100	-1,100	300	1,300	300	200	100	1,800	200	200	-400	1,600	-300	-300	100
Unrecognized tax benefits
0	-1,500	-300	-400	-300	-10,800	-100	0	-600	0	500	0	0	-	-	-	-	-300	2,700	0	-100	-400	3,200	0	4,000	-500	-100	0	400	-300	200	-100	0	-	-	-	-
Other assets and liabilities
-1,700	2,200	-300	-800	800	1,000	-1,500	700	200	-1,200	2,600	1,700	500	0	-1,800	2,100	-400	-700	400	1,700	200	-400	-1,900	-100	-200	200	200	1,200	-900	-500	900	1,600	-600	500	-4,800	500	1,600
Net cash provided by operating activities
2,400	58,400	40,000	50,000	13,200	69,800	34,800	2,300	-2,000	47,500	46,100	9,000	-19,900	18,500	29,900	50,400	6,700	27,600	35,500	36,900	18,200	47,300	25,200	12,900	20,900	29,500	-5,800	19,700	17,900	2,300	28,700	12,300	18,000	13,800	9,400	5,800	5,700
Capital expenditures
7,800	7,300	6,400	5,500	10,700	8,900	9,500	6,700	3,800	6,900	3,300	6,400	6,700	4,300	4,700	4,400	3,100	5,600	4,700	3,900	3,400	4,200	3,400	3,600	2,300	4,400	1,700	2,700	2,200	2,900	2,300	1,600	1,800	1,100	1,900	2,500	1,500
Business combinations, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	199,200	0	0	-1,800	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of intangible asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,100	1,500	1,500	400	5,200	1,700	2,100	2,100	2,900	1,000	2,500	3,100	0	0	0
Internally developed software
0	0	400	200	500	400	0	0	800	600	4,100	0	0	-	-	-	-	1,600	1,900	2,400	2,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-7,800	-7,300	-6,800	-5,700	-11,200	-9,300	-9,100	-12,500	-4,600	-7,500	-9,000	-6,400	-6,700	-203,400	-4,700	-2,800	1,800	-7,000	35,100	-6,300	-6,800	-105,500	-5,700	-4,800	-3,000	-48,800	-59,700	-3,100	-4,500	-59,300	-4,200	-2,600	-4,200	-4,200	-2,400	-2,600	-1,500
Cash Flows from Financing Activities
Proceeds on disposal of property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	0	0	-	-	-	-	-	-	-	-
Purchase of short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,400	1,600	1,900	1,800	800	900	2,100	1,200	1,700	2,300	1,900	1,100	1,700	1,500	1,800	0	-	-	-	-
Sale of short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	100	0	1,600	3,100	1,600	1,800	1,900	1,100	800	1,700	2,100	2,000	1,600	600	2,600	900	700	2,300	1,800	100	800	1,800	1,800	0
Non-controlling interest
100	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from revolving credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	20,000	0	10,000	18,000	6,000	0	0	0	-	-	-	-	59,000	65,000	0	21,000	-	-	-	-	-	-	-	-
Repayments of revolving credit facility
-	-	-	-	-	0	0	0	5,000	0	20,000	0	30,000	2,000	11,000	2,000	5,000	0	12,000	0	0	21,000	27,000	0	8,000	5,000	0	4,000	14,000	-	-	-	-	-	-	-	-
Repayments of finance leases
300	400	400	300	600	600	700	700	700	800	600	500	600	300	400	200	200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of term loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	400	200	300	200	0	0	0	-	-	-	-	-	-	-	15,000
Net receipt/(repayment) of revolving credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,000	4,000	1,000	-	42,000	6,000	-5,000
Receipt of short-term borrowing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,800	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of finance leases and term loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment for acquisition-related contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	44,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from stock-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	700	-300	100	400	200	900	900	500	1,500	100	400	1,500	200	-100	0	600	600
Issue of treasury stock
700	0	-100	300	1,000	0	0	100	1,000	5,800	0	0	1,000	1,800	0	100	200	0	300	0	700	0	0	100	300	3,100	0	300	400	400	100	500	200	0	0	200	500
Repurchase of common stock
2,100	200	100	200	1,900	200	0	100	1,100	100	0	100	900	200	0	0	8,200	-100	4,000	5,100	6,300	6,000	100	600	200	0	600	1,800	1,300	0	100	900	400	8,600	15,400	700	3,400
Net cash used in financing activities
-1,600	-86,100	-28,600	-61,700	-1,500	-28,800	-200	-1,400	-5,800	-15,500	-20,600	200	-30,500	120,300	-11,400	-7,000	-32,400	-11,400	-8,100	-12,200	-5,100	10,100	-19,500	-6,900	-8,000	45,600	64,600	-5,000	7,600	-50,200	-600	5,100	1,000	-65,400	26,600	6,100	-22,300
Effect of foreign currency exchange rate changes on cash
-600	400	-400	0	-100	0	-100	-500	300	200	200	600	600	-600	100	-800	400	0	-200	500	-1,400	-700	-1,000	100	0	0	100	-100	-200	0	-100	-200	200	-100	-500	-200	900
Net change in cash and cash equivalents
-7,600	-34,600	4,200	-17,400	400	31,700	25,400	-12,100	-12,100	24,700	16,700	3,400	-56,500	-65,200	13,900	39,800	-23,500	9,200	62,300	18,900	4,900	-48,800	-1,000	1,300	9,900	26,300	-800	11,500	20,800	-107,200	23,800	14,600	15,000	-55,900	33,100	9,100	-17,200