Kmg chemicals inc (KMG)
CashFlow / TTM
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

64,841

52,172

42,593

23,741

23,633

22,036

22,332

19,826

18,675

18,260

14,033

15,544

12,138

7,988

7,079

-1,155

-988

557

2,196

6,558

9,348

12,488

13,588

14,432

13,825

11,144

9,786

9,748

9,729

0

0

0

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

29,948

28,459

24,611

20,521

16,964

14,792

14,558

14,541

14,534

14,186

13,788

13,646

13,531

13,646

13,873

14,083

14,117

13,310

11,802

10,002

8,295

7,140

6,977

7,010

7,018

6,951

7,053

6,879

7,354

0

0

0

Amortization of debt discounts and financing costs included in interest expense

1,421

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of loan costs

-

-

-

-

-

-

-

-

-

-

-

-

153

126

99

72

60

52

40

39

41

51

101

114

124

134

109

109

109

0

0

0

Stock-based compensation expense

7,964

7,666

6,765

6,442

6,259

5,457

5,626

5,322

4,836

4,455

3,925

3,269

2,766

2,424

1,935

1,424

2,231

1,768

1,583

1,508

446

597

772

684

714

673

407

572

542

0

0

0

(Gain) loss on disposal of property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

-

-

-

-

Inventory valuation adjustment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

(Gain)/ Loss on disposal of property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Deferred income tax (benefit)/expense

-5,517

-8,998

-12,049

-2,463

-1,090

-712

771

360

258

623

-2,594

-2,305

-3,532

-7,352

-5,439

-2,548

-2,227

1,215

2,192

648

1,247

1,058

-79

132

929

2,191

2,644

2,591

2,083

0

0

0

Other

-371

158

1,158

1,405

1,028

752

-60

-283

-211

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on extinguishment of debt

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation related to restructuring and realignment

-

-

-

-

-

-

-

-

295

295

815

3,156

5,640

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bad debt expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

219

261

246

208

0

0

0

-

-

-

-

-

-

-

-

Allowance for excess and obsolete inventory

-

-

-

-

-

-

-

-

-

-

-

-

941

1,361

1,027

896

634

18

-16

-187

-355

-339

-55

117

371

0

0

0

-

-

-

-

Loss on sale of animal health business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-57

0

0

0

-

-

-

-

-

-

-

-

Gain on disposition of equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Tax benefit from stock-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

41

179

121

-27

196

0

0

0

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

11,039

7,638

2,602

1,781

3,146

3,040

-1,675

-2,398

-5,154

-6,192

-1,102

-4,762

-1,265

-326

-616

-921

-2,137

-1,490

46

2,092

-1,813

-1,880

-5,986

-5,028

-6,810

-2,378

895

3,401

5,909

0

0

0

Accounts receivable other

2,221

2,049

38

-1,027

-254

-2,879

-1,773

809

1,889

2,643

3,085

1,351

1,884

1,548

9

626

-746

-1,284

-164

1,279

2,593

1,291

1,575

-2,256

-2,186

556

-208

1,253

1,370

0

0

0

Inventories

8,206

4,974

404

-928

-2,870

-2,156

-4,191

-4,130

-4,348

-1,093

-738

-2,396

740

-1,549

-5,809

-2,145

-7,861

-9,527

-2,402

-8,910

1,018

4,231

5,666

11,107

5,545

5,214

3,164

-44

2,230

0

0

0

Other current and non-current assets

566

1,153

756

1,071

1,500

382

2,372

-648

-1,221

-1,294

-2,382

74

633

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current and non-current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

997

592

372

223

0

0

0

-

-

-

-

Prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Accounts payable

9,904

8,380

532

792

-1,096

-3,251

-2,470

-17

-9,226

-1,126

1,786

-11,102

1,234

-583

-142

14,690

398

76

226

-6,406

5,301

-2,995

-1,668

-1,619

-2,801

4,843

276

3,089

3,792

0

0

0

Accrued liabilities and other

-666

144

-161

2,402

2,049

-402

1,685

-1,238

4,276

-2,433

-8,745

-7,535

-7,886

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

-

-

0

54,555

-

-

0

43,975

-

38,709

25,209

15,948

17,568

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued liabilities and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-1,402

1,782

2,980

1,873

3,555

1,230

1,568

-235

0

0

0

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

11,861

19,411

17,999

25,249

25,672

16,736

19,777

12,713

0

0

0

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

23,654

20,015

16,794

16,243

13,074

11,567

13,667

13,376

14,358

14,447

12,786

13,253

13,821

13,115

11,226

11,016

9,497

8,853

8,040

6,647

5,505

5,091

5,278

4,916

5,193

6,346

6,946

7,913

8,268

0

0

0

Other investing activities

988

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from insurance claim

-

-

-

-

1,251

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-201

0

0

0

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-5,091

3,931

4,320

4,043

2,903

-6,906

-7,900

-8,007

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

2,572

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

60

0

0

0

Net cash used in investing activities

-

-

0

-528,492

-

-

0

-15,805

-

-38,946

-32,406

-17,730

-18,288

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of common stock, net of issuance costs

175,637

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on borrowings on term loan

228,000

0

0

0

-

-

-

-

-

-

-

-

20,000

0

0

0

-

-

-

-

-

-

-

-

11,333

13,333

15,333

17,333

8,000

0

0

0

Net borrowings/ (payments) under revolver credit agreement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

Net borrowings/(payments) under revolving loan facility

-

-

-

-

-

-

-

-

-

-

-

-

-40,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings under credit facility

-

-

-

-

-

-

-

-

-

-

-

-

59,100

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net payments under credit facility

-

-

-

-

52,800

24,800

25,800

21,000

20,000

-2,900

-6,900

4,500

6,100

0

0

0

-

-

-

0

-

0

0

0

-

-

-

-

-

-

-

-

Cash payments related to tax withholdings from stock-based awards

3,729

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative fair value gain

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from stock-based awards

-

-

-

-

-

-

-

-24

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Book overdraft

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,852

0

0

0

-

-

-

-

Proceeds from exercise of stock options and warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

200

0

0

0

Tax benefit from stock-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

41

179

121

-27

196

0

0

0

Payment of dividends

1,753

1,645

1,536

1,427

1,423

1,419

1,412

1,408

1,406

1,405

1,405

1,404

1,402

1,400

1,398

1,395

1,393

1,389

1,386

1,383

1,378

1,373

1,369

1,308

1,249

1,190

1,132

1,074

1,017

0

0

0

Net cash (used in)/provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-6,840

-19,879

-23,173

-29,275

-24,219

-12,344

-11,434

-7,823

0

0

0

Net cash provided by (used in) financing activities

-

-

0

485,700

-

-

0

-19,632

-

4,734

5,912

-6,592

-9,091

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash

-

-

0

-506

-

-

0

-1,330

-

-791

-305

-959

-1,924

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

3,728

7,721

-9,621

11,257

7,280

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-26

83

-115

-210

-89

-1

-29

215

0

0

0

Net increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-9,333

-

0

0

0

-

-

9,473

9,230

12,316

-96

3,546

-969

-193

4,267

-2,515

414

-2,902

0

0

0

Supplemental disclosures of cash flow information
Cash paid for interest

-

-

0

11,525

-

-

0

598

-

706

659

715

1,321

1,750

2,241

2,650

2,562

2,455

2,236

1,984

1,709

1,574

1,643

1,763

1,896

2,033

2,136

2,187

2,294

0

0

0

Cash paid for income taxes

5,292

7,529

8,761

8,919

9,937

9,003

9,687

10,603

9,744

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,854

865

1,127

1,833

5,719

5,854

6,638

7,171

5,051

5,009

4,264

4,149

4,285

4,387

0

0

0

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

958

2,060

1,459

1,613

1,385

529

-1,946

718

373

270

2,128

59

882

1,366

1,732

1,280

1,135

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-