Kmg chemicals inc (KMG)
CashFlow / Quarterly
Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Jan'11Oct'10
Business Acquisition
Business Acquisition, Acquiree
NFC
Sealweld
Flowchem
Cash flows from operating activities
Net income

18,009

15,645

25,337

5,850

5,340

6,066

6,485

5,742

3,743

6,362

3,979

4,591

3,328

2,135

5,490

1,185

-822

1,226

-2,744

1,352

723

2,865

1,618

4,142

3,863

3,965

2,462

3,535

1,182

2,607

2,424

3,516

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

7,589

7,664

7,586

7,109

6,100

3,816

3,496

3,552

3,928

3,582

3,479

3,545

3,580

3,184

3,337

3,430

3,695

3,411

3,547

3,464

2,888

1,903

1,747

1,757

1,733

1,740

1,780

1,765

1,666

1,842

1,606

2,240

Amortization of debt discounts and financing costs included in interest expense

297

296

335

493

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of loan costs

-

-

-

-

-

-

-

-

-

-

-

-

42

42

42

27

15

15

15

15

7

3

14

17

17

53

27

27

27

28

27

27

Stock-based compensation expense

2,277

2,094

1,985

1,608

1,979

1,193

1,662

1,425

1,177

1,362

1,358

939

796

832

702

436

454

343

191

1,243

-9

158

116

181

142

333

28

211

101

67

193

181

(Gain) loss on disposal of property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4

-

-50

0

-9

-

-

-

-

-

-

-

-

Inventory valuation adjustment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-168

114

-84

(Gain)/ Loss on disposal of property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-18

-172

59

Deferred income tax (benefit)/expense

3,580

2,683

-10,595

-1,185

99

-368

-1,009

188

477

1,115

-1,420

86

842

-2,102

-1,131

-1,141

-2,978

-189

1,760

-820

464

788

216

-221

275

-349

427

576

1,537

104

374

68

Other

-436

-12

-118

195

93

988

129

-182

-183

176

-94

-110

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on extinguishment of debt

-

-

-

-4,175

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation related to restructuring and realignment

-

-

-

-

-

-

-

-

0

190

0

105

0

710

2,341

2,589

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bad debt expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-41

19

111

130

1

4

73

-

-

-

-

-

-

-

-

Allowance for excess and obsolete inventory

-

-

-

-

-

-

-

-

-

-

-

-

181

329

210

221

601

-5

79

-41

-15

-39

-92

-209

1

245

80

45

-

-

-

-

Loss on sale of animal health business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-57

-

-

-

-

-

-

-

-

Gain on disposition of equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

-

-

-

-

-

-

-

-

-

-4

48

-4

-

-

-

-

Tax benefit from stock-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

-

0

111

217

-

-

-

-

-138

58

151

-30

0

0

3

193

Changes in operating assets and liabilities, net of effects of acquisition
Accounts receivable trade

3,375

5,623

1,749

292

-26

587

928

1,657

-132

-4,128

205

-1,099

-1,170

962

-3,455

2,398

-231

672

-3,760

1,182

416

2,208

-1,714

-2,723

349

-1,898

-756

-4,505

4,781

1,375

1,750

-1,997

Accounts receivable other

2,171

1,604

459

-2,013

1,999

-407

-606

-1,240

-626

699

1,976

-160

128

1,141

242

373

-208

-398

859

-999

-746

722

2,302

315

-2,048

1,006

-1,529

385

694

242

-68

502

Inventories

968

4,966

2,422

-150

-2,264

396

1,090

-2,092

-1,550

-1,639

1,151

-2,310

1,705

-1,284

-507

826

-584

-5,544

3,157

-4,890

-2,250

1,581

-3,351

5,038

963

3,016

2,090

-524

632

966

-1,118

1,750

Other current and non-current assets

-149

1,157

-166

-276

438

760

149

153

-680

2,750

-2,871

-420

-753

1,662

-415

139

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current and non-current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,910

-

2,610

-481

-310

-822

2,205

-701

-459

-

-

-

-

Prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-576

-363

Accounts payable

1,710

5,615

-668

3,247

186

-2,233

-408

1,359

-1,969

-1,452

2,045

-7,850

6,131

1,460

-10,843

4,486

4,314

1,901

3,989

-9,806

3,992

2,051

-2,643

1,901

-4,304

3,378

-2,594

719

3,340

-1,189

219

1,422

Accrued liabilities and other

2,683

1,944

-2,582

-2,711

3,493

1,639

-19

-3,064

1,042

3,726

-2,942

2,450

-5,667

-2,586

-1,732

2,099

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

-

-

15,697

20,538

-

-

8,517

10,906

-

15,256

6,132

7,965

9,356

1,756

-3,129

9,585

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued liabilities and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,068

-

401

-1,504

945

-1,244

3,585

-306

-162

438

1,260

32

-1,965

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,729

-

-

-

-

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,257

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,990

-

927

2,284

6,332

2,318

8,477

872

13,582

2,741

-459

3,913

6,518

Cash flows from investing activities
Additions to property, plant and equipment

8,127

6,497

3,227

5,803

4,488

3,276

2,676

2,634

2,981

5,376

2,385

3,616

3,070

3,715

2,852

4,184

2,364

1,826

2,642

2,665

1,720

1,013

1,249

1,523

1,306

1,200

887

1,800

2,459

1,800

1,854

2,155

Other investing activities

411

-685

364

898

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from insurance claim

-

-

-

-

4

997

0

250

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-12

0

0

-189

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,665

-

-1,013

-1,249

-1,523

-1,306

8,009

-860

-1,800

-2,446

-1,800

-1,854

-1,907

Cash flows from financing activities
Disposals of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

11

2,470

81

10

-

-

-

-

-

-

-

-

-

-

-

-

1

0

0

59

Net cash used in investing activities

-

-

-3,591

-6,701

-

-

-2,676

-2,384

-

-7,948

-2,385

-3,616

-24,997

-1,408

12,291

-4,174

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of common stock, net of issuance costs

-32

0

0

175,669

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on borrowings on term loan

18,000

14,000

18,000

178,000

-

-

-

-

-

-

-

-

0

0

0

20,000

-

-

-

-

-

-

-

-

0

0

0

11,333

2,000

2,000

2,000

2,000

Net borrowings/ (payments) under revolver credit agreement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,000

-6,054

-

-907

0

3,000

Net borrowings/(payments) under revolving loan facility

-

-

-

-

-

-

-

-

-

-

-

-

1,100

0

-1,100

-40,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings under credit facility

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

59,100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net payments under credit facility

-

-

-

-

34,000

7,000

9,300

2,500

6,000

8,000

4,500

1,500

-16,900

4,000

15,900

3,100

-

-

-

2,000

-

0

0

2,000

-

-

-

-

-

-

-

-

Cash payments related to tax withholdings from stock-based awards

0

0

2,879

850

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative fair value gain

-

-

-

849

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from stock-based awards

-

-

-

-

-

-

-

-57

-

23

5

10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Book overdraft

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-2,852

-

-

-

-

Proceeds from exercise of stock options and warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

200

Tax benefit from stock-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

1

0

9

-

0

111

217

-

-

-

-

-138

58

151

-30

0

0

3

193

Payment of dividends

465

466

465

357

357

357

356

353

353

350

352

351

352

350

351

349

350

348

348

347

346

345

345

342

341

341

284

283

282

283

226

226

Net cash (used in)/provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,130

-

-212

161

-2,342

-4,447

-13,251

-3,133

-8,444

609

-1,376

-2,223

-4,833

Net cash provided by (used in) financing activities

-

-

-21,097

-4,387

-

-

7,124

-2,910

-

-5,527

-4,847

-1,841

16,949

-4,349

-17,351

-4,340

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash

-

-

1,094

-295

-

-

16

-434

-

-135

-398

373

-631

351

-1,052

-592

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

2,618

-148

-7,897

9,155

6,611

-17,490

12,981

5,178

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

626

266

-

-91

111

80

-126

18

-87

-15

-5

106

-115

229

Net increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

2,881

-

-3,650

-9,241

479

-

-

1,550

-539

8,851

-389

1,307

2,547

-3,561

3,253

-3,208

3,323

899

-3,529

-279

7

Supplemental disclosures of cash flow information
Cash paid for interest

-

-

4,512

7,344

-

-

116

128

-

161

170

151

224

114

226

757

653

605

635

669

546

386

383

394

411

455

503

527

548

558

554

634

Cash paid for income taxes

279

1,449

2,352

1,212

2,516

2,681

2,510

2,230

1,582

3,365

3,426

1,371

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,149

338

145

222

160

600

851

4,108

295

1,384

1,384

1,988

253

639

1,269

2,124

355

Supplemental disclosure of non-cash investing activities
Purchase of property, plant and equipment through accounts payable

-129

807

-430

710

973

206

-276

482

117

-2,269

2,388

137

14

-411

319

960

498

-45

-133

815

-

-

-

-

-

-

-

-

-

-

-

-