JASON INDUSTRIES, INC. JASN Cash Flow

Jason industries, inc. (JASN)

CashFlow / TTM

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Sep'18	Jun'18	Mar'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
Cash flows from operating activities
Net loss
-81,608	-61,048	-32,339	-19,578	-13,160	-	-3,093	-236	-4,799	-4,618	-4,473	-76,795	-77,897	-75,530	-78,053	-92,755	-93,228	-91,723	-89,601	-9,126	-15,739	0	0	0	-	-	-	-
Net loss attributable to common stock not subject to possible redemption
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,678	0	0	0
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation
24,606	27,937	29,515	28,107	28,356	-	26,801	26,420	26,026	26,026	26,260	27,492	29,181	30,845	31,120	32,077	31,823	31,535	31,160	29,305	27,839	0	0	0	-	-	-	-
Amortization of intangible assets
10,855	11,793	11,938	13,051	14,248	-	14,551	14,877	13,738	13,712	12,674	12,844	12,692	12,881	12,900	12,516	13,175	13,599	14,088	14,276	14,428	0	0	0	-	-	-	-
Amortization of deferred financing costs and debt discount
2,994	2,949	2,944	2,963	2,937	-	2,910	2,913	2,902	2,902	2,943	2,984	3,002	3,008	3,008	3,008	3,008	3,007	3,008	3,014	3,012	0	0	0	-	-	-	-
Non-cash operating lease expense
8,024	6,193	4,080	2,043	0	-	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity income
316	288	711	1,008	1,024	-	1,140	967	909	909	952	939	790	655	681	663	653	771	884	889	923	0	0	0	-	-	-	-
Deferred income taxes
-	0	0	0	-	-	0	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	-	-	-	-
Loss (gain) on disposals of property, plant and equipment - net
-448	1,282	1,379	1,368	1,142	-	-299	249	195	195	759	781	74	153	-880	-852	-776	-786	-109	-71	-79	0	0	0	-	-	-	-
Gain from sale of joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Dividends from joint venture
728	1,561	1,561	1,561	833	-	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation
3,354	3,590	3,595	3,354	2,709	-	1,943	1,230	1,001	1,001	1,119	1,016	1,294	-979	-752	642	1,644	6,482	7,969	8,529	9,081	0	0	0	-	-	-	-
Net increase (decrease) in cash, net of acquisitions and dispositions, due to changes in:
Accounts receivable
-7,239	-14,528	-11,259	-7,148	-7,454	-	-2,174	-2,051	-2,482	-2,482	-6,997	-15,440	-10,921	-8,168	85	3,303	-4,663	-7,902	-1,954	239	5,016	0	0	0	-	-	-	-
Inventories
-4,109	-4,068	-3,841	-6,488	-5,750	-	-4,214	-815	2,785	2,785	-3,804	-8,333	-7,933	-6,211	-5,862	-4,246	-3,625	-8,351	-5,034	-1,447	-4,311	0	0	0	-	-	-	-
Other current assets
648	-979	-2,005	-4,034	-2,819	-	-1,620	-1,436	4	4	-1,464	-1,635	-3,746	-5,462	-7,346	-8,491	-3,407	461	3,820	10,200	8,152	0	0	0	-	-	-	-
Accounts payable
-11,375	-14,971	-7,675	-6,113	-6,015	-	-3,128	-6,417	1,981	1,981	-7,897	-7,239	-7,164	-5,767	5,886	6,421	8,560	464	-1,473	-2,340	-3,159	0	0	0	-	-	-	-
Accrued compensation and employee benefits
-4,409	-4,723	-5,982	-5,432	-2,710	-	-2,390	1,090	6,316	6,316	5,946	3,407	-1,836	-8,563	-5,449	-4,418	-1,127	8,069	4,169	1,446	210	0	0	0	-	-	-	-
Accrued interest
-9	-81	1	-129	-187	-	-16	-36	91	91	98	4	-52	-12	117	-6,602	-6,541	-6,506	-121	-120	6,653	0	0	0	-	-	-	-
Prepaid insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-163	0	0	0
Accrued income taxes
312	2,212	1,080	-917	-1,221	-	-5,136	-4,009	-803	-803	473	2,294	5,037	4,613	2,263	2,148	-2,686	-1,653	487	0	0	0	-	0	0	0	-	-
Operating lease liabilities, net
-7,221	0	0	0	-	-	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued transaction costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Other - net
2,325	1,015	2,364	5,761	1,895	-	2,780	4,732	3,860	3,860	5,858	6,674	4,509	2,250	507	556	-2,744	-274	-1,052	-4,887	-3,054	0	0	0	-	-	-	-
Total adjustments
60,808	54,975	42,071	38,269	42,917	-	28,719	20,635	35,806	35,625	34,564	113,520	113,069	103,279	113,170	121,627	131,536	137,814	128,635	41,428	29,636	0	0	0	-	-	-	-
Net cash (used in) provided by operating activities
-20,800	-6,073	9,732	18,691	29,757	-	25,626	20,399	31,007	31,007	30,091	36,725	35,172	27,749	35,117	28,872	38,308	46,091	39,034	32,302	13,897	0	0	0	-	-	-	-
Cash flows from investing activities
Proceeds from disposals of property, plant and equipment
2,117	4,474	3,663	3,671	3,531	-	253	2,493	8,184	8,184	8,809	8,872	6,796	3,996	3,413	3,415	3,171	305	232	173	167	0	0	0	-	-	-	-
Proceeds from sale of joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Payments for property, plant and equipment
11,785	12,860	13,148	13,599	13,753	-	15,146	15,651	16,099	16,099	15,873	14,032	14,812	16,727	19,780	25,033	29,597	32,000	32,786	32,625	30,677	0	0	0	-	-	-	-
Acquisitions of business, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34,763	-454,406	34,763	0	0	0	-	-	-	-
Acquisitions of patents
42	140	146	148	152	-	84	96	80	80	104	16	18	88	86	235	243	209	247	234	226	0	0	0	-	-	-	-
Other investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Accrued expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,847	0	0	0
Net cash provided by (used in) investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,867	0	0	0
Cash deposited in Trust Account
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-177,075	0	0	0
Interest reinvested in Trust Account, net of withdrawals
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	0	0	0
Net cash provided by (used in) investing activities
59,086	55,495	-20,105	-10,076	-10,374	-	-14,977	-5,371	-112	-112	715	2,707	-8,034	-12,819	-16,453	-21,853	-26,669	-66,317	-67,564	-67,449	-555,112	-512,605	-504,983	-496,207	-177,076	0	0	0
Cash flows from financing activities
Payments of deferred underwriters fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Redemption of redeemable common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Proceeds on issuance of preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Payments of preferred stock issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Warrant tender offer
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Payments of First and Second Lien term loans
8,100	3,100	3,100	5,600	5,600	-	5,600	16,327	21,826	21,826	21,826	21,826	11,099	3,100	3,100	0	0	0	-	-	-	-	-	-	-	-	-	-
Payments of 2013 U.S. term loan
8,100	3,100	3,100	5,600	5,600	-	5,600	16,327	21,826	21,826	21,826	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from other long-term debt
4,645	3,371	3,737	3,781	3,387	-	4,027	4,703	7,288	7,288	8,596	9,618	11,713	9,831	10,150	9,159	18,822	21,928	19,282	19,326	8,074	0	0	0	-	-	-	-
Payments of other long-term debt
6,362	6,303	7,045	7,105	7,076	-	9,984	11,101	11,259	11,259	10,816	12,693	13,493	15,028	16,138	11,785	11,166	8,246	6,228	6,809	6,022	0	0	0	-	-	-	-
Payments of finance lease obligation
340	246	160	89	0	-	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Value added tax paid from building sale
-707	1,401	1,401	1,401	694	-	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of preferred stock dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,600	3,600	4,500	4,500	3,600	0	0	0	-	-	-	-	-	-
Other financing activities - net
-627	-635	-573	-405	-22	-	-202	-209	-225	-237	-232	-48	-69	-128	-155	-569	-1,025	-1,183	-1,148	0	0	0	-	-	-	-	-	-
Net cash used in financing activities
-11,822	-7,297	-7,502	-10,080	-9,266	-	-12,368	-23,543	-26,034	-26,034	-24,278	-25,849	-13,848	-10,225	-12,843	-10,670	-1,744	4,124	5,206	5,725	401,532	399,691	401,319	405,074	178,998	0	0	0
Effect of exchange rate changes on cash and cash equivalents
-107	-800	-446	-1,373	-835	-	-663	-172	1,654	1,654	1,498	632	303	-611	-904	-1,250	-1,536	-1,444	-3,011	-3,568	-4,427	0	0	0	-	-	-	-
Net increase in cash and cash equivalents
26,357	41,325	-18,321	-2,838	9,282	-	-2,382	-8,687	6,515	6,515	8,026	14,215	13,593	4,094	4,917	-4,901	8,359	-17,546	-26,335	-32,990	-144,110	-122,223	-115,485	-100,568	54	0	0	0
Proceeds from loan payable, affiliate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	849	0	0	0
Repayment of loan payable, affiliate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	232	0	0	0
Proceeds from sale of common stock to initial stockholder
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25	0	0	0
Proceeds from sale of Units to public stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-172,500	0	0	0
Proceeds from sale of placement units to initial stockholder
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,500	0	0	0
Payment of costs of Public Offering
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,644	0	0	0
Supplemental disclosure of cash flow information
Interest
30,121	30,579	30,654	30,806	30,687	-	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes, net of refunds
3,440	6,066	5,025	6,883	6,480	-	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash lease activities:
Right-of-use operating assets obtained in exchange for operating lease obligations
3,341	0	0	0	-	-	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right-of-use finance assets obtained in exchange for finance lease obligations
536	0	0	0	-	-	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash investing activities
Property, plant and equipment acquired through additional liabilities
618	869	1,463	2,432	1,451	-	1,107	811	1,353	1,353	1,179	1,186	885	1,661	1,891	2,010	2,256	884	1,765	0	0	0	-	-	-	-	-	-
Non-cash financing activities:
Accretion of preferred stock dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	900	0	0	900	890	1,800	0	0	0	-	-	-	-
Non-cash preferred stock created from dividends declared
3	192	127	64	3	-	-505	-331	3,599	-163	4	3,697	2,745	1,814	899	0	0	0	-	-	-	-	-	-	-	-	-	-
Noncontrolling interest contribution of Jason Partners Holdings, Inc. to JPHI Holdings, Inc.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Exchange of common stock of JPHI Holdings, Inc. for common stock of Jason Industries, Inc.
-	-	-	-	-	-	-	-	-	-	62	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Exchange of preferred stock for common stock of Jason Industries, Inc.
0	0	0	0	12,136	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred underwriters' compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,175	0	0	0