Kadant inc (KAI)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'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'11
Operating Activities
Net Income (Loss) Attributable to Parent

12,531

8,749

16,115

16,304

10,900

18,422

18,784

12,349

10,858

760

13,285

8,096

8,951

7,733

9,157

8,311

6,876

10,385

8,643

8,464

6,897

9,101

6,647

7,858

5,053

5,928

6,447

5,760

5,284

9,566

8,461

6,543

7,053

11,832

8,648

18,886

-5,791

Net Income (Loss) Attributable to Noncontrolling Interest

125

136

98

97

165

146

195

142

150

148

125

102

116

74

75

128

115

62

67

72

93

45

86

131

127

81

40

72

36

47

86

42

23

28

95

69

82

Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18

-4

-5

65

-5

-4

-9

-5

-7

-14

-12

-29

-37

844

-3

-61

1,156

-1,156

-5

-4

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

12,656

8,885

16,213

16,401

11,065

18,568

18,979

12,491

11,008

908

13,410

8,198

9,067

7,807

9,229

8,439

6,991

10,429

8,714

8,541

6,925

9,151

6,737

7,998

5,185

6,016

6,501

5,844

5,349

9,650

7,703

6,588

7,137

10,704

9,899

7,378

5,877

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

7,598

8,086

7,763

8,310

8,231

5,829

5,796

5,844

6,099

6,319

6,525

3,275

3,256

3,392

3,457

4,913

2,564

2,574

2,584

2,753

2,910

2,631

2,684

2,829

3,045

3,045

2,302

2,475

1,953

1,965

2,147

2,029

2,243

1,989

2,100

1,982

1,865

Stock-based compensation expense

1,639

1,690

1,658

1,914

1,553

1,681

1,736

2,146

1,464

1,520

1,547

1,441

1,295

1,204

1,269

1,273

1,323

1,246

1,254

1,653

1,588

1,562

1,440

1,416

1,395

1,422

1,236

1,289

1,269

1,206

1,298

1,188

1,074

1,013

1,019

1,078

824

Right-of-use asset amortization

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from stock-based compensation awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

-9

197

687

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts Receivable, Credit Loss Expense (Reversal)

103

-56

131

-25

64

11

-94

122

316

198

154

-45

129

33

100

244

76

174

-14

34

185

-37

312

-114

85

414

153

-35

-158

-79

290

94

-319

236

699

120

194

Gain on sale of property, plant, and equipment

10

-60

-50

-11

200

-31

-25

-30

-24

-5

-7

11

-41

-34

34

4

346

-1

-6

3

0

-40

36

26

96

104

46

1,784

78

5

103

96

10

-29

2,305

23

-5

Other items, net

877

-219

998

1,914

-596

-4,853

2,674

483

386

-2,158

2,899

-1,981

-180

-1,106

33

492

-781

196

-233

-512

836

-134

-173

-1,208

197

-1,527

-299

-220

210

37

-365

-474

-305

96

1,402

-1,208

519

Contributions to U.S. pension plan

-

-

-

-

-

-

-

-

-

270

270

450

90

270

270

270

270

270

270

270

270

270

270

270

270

270

270

270

270

240

240

240

240

-

-

-

-

Changes in current assets and liabilities, net of effects of acquisition:
Accounts receivable

-1,929

-7,677

-1,731

1,665

1,190

-2,582

8,624

175

799

-5,318

15,749

-4,567

5,043

2,728

-32

-440

-3,259

8,588

64

-3,259

5,247

-7,494

2,526

-2,274

-1,187

5,760

-2,338

-133

-1,092

-1,720

2,661

-1,301

-797

5,131

3,405

2,580

-1,207

Unbilled revenue

-844

-602

174

-3,186

1,055

7,403

6,175

-164

-2,064

-3,892

-386

1,834

1,134

-1,694

-895

3,495

-4,313

-1,067

3,641

777

-1,817

863

1,713

1,766

-2,065

60

2,561

-2,402

621

-4,170

-3,678

2,452

5,160

739

-595

2,231

-622

Inventories

3,735

-7,218

968

6,063

3,263

-3,578

-4,083

4,564

9,674

-4,667

-2,643

2,183

3,964

-1,502

-4,549

1,894

604

-9,559

5,202

3,183

7,660

-1,878

-880

-1,997

-312

-171

-4,676

6,260

592

-1,758

-6,317

-1,639

558

-7,499

-829

24,103

-8,809

Other current assets

1,107

1,525

676

3,228

189

-3,579

-3,022

2,346

435

-2,387

-135

766

1,886

-133

-161

-2,267

1,808

-3,024

-898

519

1,908

291

-481

-60

813

-1,984

1,420

-378

829

-284

1,441

-658

197

1,177

-640

3,717

-2,357

Accounts payable

-3,440

4,560

-621

-453

3,872

1,237

143

185

3,854

-2,571

-1,314

2,558

805

361

-5,771

1,406

-1,234

-2,565

-1,187

1,625

375

193

-415

3,164

-2,290

276

-439

2,632

83

22

-3,290

-2,238

-362

5,558

-2,583

-67

1,561

Other current liabilities

-9,431

-631

468

3,969

-9,608

-21,296

762

14,941

-6,319

7,727

2,377

6,962

-973

2,606

1,946

864

-9,527

-2,413

12,620

931

589

-3,805

7,468

-9,074

-3,406

1,989

-143

4,066

-7

-2,827

-858

-387

-8,736

-2,911

6,432

3,057

2,752

Contributions to pension plan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-225

-225

-225

Net cash provided by continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,330

15,940

14,359

-2,219

20,708

15,207

8,993

6,202

9,238

12,626

11,090

6,981

12,719

13,205

8,558

-4,026

14,863

12,293

6,839

367

Net cash provided by discontinued operation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2

3

2

-41

3

3

-2

1

332

-18

-67

-106

11

-524

-760

-75

-158

106

2

3

Net cash provided by operating activities

6,169

39,247

25,678

22,612

9,876

10,435

16,979

28,355

7,216

32,836

6,952

23,693

1,683

16,266

15,528

13,691

5,518

12,328

15,943

14,361

-2,260

20,711

15,210

8,991

6,203

9,570

12,608

11,023

6,875

12,730

12,681

7,798

-4,101

14,705

12,399

6,841

370

Investing Activities
Acquisition, net of cash acquired

0

740

203

1,567

175,288

0

0

0

0

503

204,063

0

165

0

0

56,617

0

-

-

-

-

9,010

204

735

2,035

51,385

0

14,209

0

28

-138

0

25

336

0

14,946

412

Payments to Acquire Property, Plant, and Equipment

2,686

3,721

2,093

1,975

2,168

3,742

2,606

5,060

5,151

8,563

5,283

1,713

1,722

2,225

1,843

1,212

524

1,411

1,417

1,435

1,216

3,610

1,703

903

539

2,112

1,577

1,394

1,178

2,736

673

583

258

2,557

1,509

2,800

1,164

Issuance of note receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,813

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of property, plant, and equipment

14

-129

159

75

293

22

-40

185

28

19

61

50

0

19

10

14

385

-3

5

23

5

11

60

32

139

139

11

3,087

222

433

108

149

113

31

2,294

28

7

Other investing activities

-

-

-

-

-

-

-

-

-

-

-

-

2

-

-

-

0

-

-

-

-

-

-

-

-1

-325

203

-849

0

-

-

-

-

0

0

-27

-31

Net cash used in investing activities

-2,672

-4,590

-2,137

-3,467

-177,163

-3,720

-2,646

-4,875

-5,123

-9,047

-209,285

-1,661

-1,889

-2,206

-1,833

-55,002

-2,952

-1,414

-1,412

-1,412

-1,211

-12,609

-1,847

-1,607

-2,434

-53,764

-1,769

-11,667

-956

-2,324

-437

-434

-170

-2,862

785

-18,270

-1,538

Financing Activities
Proceeds from issuance of long-term obligations

0

106

56,090

2,000

189,000

13,055

21,000

4,000

12,000

10,000

214,019

0

8,000

3,000

2,000

5,000

41,046

4,000

5,000

5,000

10,000

9,111

4,000

6,047

5,354

34,709

0

14,400

4,500

0

5,000

0

0

-

-

-

-

Repayment of long-term obligations

2,969

18,043

83,710

18,158

6,404

28,203

34,795

33,603

13,493

47,915

9,037

6,625

4,610

3,000

3,179

12,125

125

2,125

4,125

7,250

5,111

6,244

8,985

21,593

131

10,574

1,525

5,000

4,750

5,000

5,125

125

125

5,125

5,125

642

5,125

Dividends paid

2,628

2,592

2,590

2,570

2,444

2,444

2,444

2,440

2,316

2,312

2,311

2,310

2,078

2,074

2,070

2,063

1,831

1,833

1,852

1,864

1,630

1,633

1,642

1,675

1,389

1,393

1,395

1,401

0

-

-

-

-

-

-

-

-

Tax withholding payments related to stock-based compensation

2,318

21

0

23

2,647

0

245

0

3,641

0

0

24

2,182

0

137

455

1,980

0

0

195

2,304

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of Company common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,977

1,909

9,332

1,918

1,886

766

1,381

1,334

4,692

1,422

7,096

1,281

6,643

9,445

0

0

Proceeds from issuance of Company common stock

913

3,170

309

974

723

0

71

0

742

0

0

0

0

-

-

-

-

469

0

137

148

480

82

43

514

0

0

0

337

-1

221

32

106

241

0

0

149

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,517

-782

58

698

-474

842

0

-

-

-

-

-

-

-

-

-68

0

-361

-271

-488

-985

-514

2,687

Payment of debt issuance costs

0

4

0

16

36

776

158

0

0

0

110

493

654

0

27

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,091

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from stock-based compensation awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

-9

197

687

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other financing activities

-

-

-

-

-

-

-

-

-

-

-73

-97

-118

216

0

0

0

-

-

-

-

-

-

-

683

-

16

8

303

-

-642

3

122

-

-14

26

-5

Net cash (used in) provided by financing activities

-7,002

-18,048

-29,901

-17,793

178,192

-18,368

-17,036

-32,043

-6,708

-39,939

201,606

-9,549

-1,642

-495

-4,524

-7,487

35,961

-1,167

-5,392

-8,857

1,790

-2,308

-8,884

-26,489

3,113

20,724

-3,671

6,461

-944

-9,620

-1,968

-6,825

-907

-10,675

-8,599

-112

-7,658

Exchange Rate Effect on Cash, Cash Equivalents, and Restricted Cash

-2,693

1,693

-1,807

-389

153

-289

-390

-4,027

1,511

1,608

4,134

2,415

1,362

-4,632

-147

-1,508

460

-359

-359

430

-857

-1,537

-868

-409

110

501

1,511

103

-1,126

428

1,032

-1,132

852

-1,069

-1,646

490

1,984

(Decrease) Increase in Cash, Cash Equivalents, and Restricted Cash

-6,198

18,302

-8,167

963

11,058

-11,942

-3,093

-12,590

-3,104

-14,542

3,407

14,898

-486

8,928

9,024

-50,306

38,987

9,388

8,780

4,522

-2,538

4,257

3,611

-19,514

6,992

-22,969

8,679

5,920

3,849

1,214

11,308

-593

-4,326

99

2,939

-11,051

-6,842

Issuance of Company common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,690

-

154

1,198

657