KEY TRONIC CORP KTCC Cash Flow

Key tronic corp (KTCC)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Sep'18	Jun'18	Mar'18	Dec'17	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	Dec'10	Sep'10
Operating activities:
Net income (loss)
910	824	1,552	817	-11,981	1,589	1,593	1,593	-2,177	644	-	-224	432	1,336	961	1,528	1,792	2,146	1,783	1,787	817	2,340	1,861	1,626	-1,523	1,380	1,414	3,114	1,705	2,397	2,863	3,579	3,744	3,811	3,394	3,174	1,247	-	-	-	-
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	724	1,733	1,742
Depreciation and amortization
853	1,534	1,609	1,778	1,753	1,854	1,913	1,913	1,936	1,949	-	1,925	1,964	1,932	1,870	1,811	1,619	1,606	1,522	1,518	1,516	1,534	1,568	1,539	1,269	1,037	1,006	922	864	1,010	685	658	612	608	571	581	573	572	558	550	532
Amortization of deferred loan costs
7	7	8	8	7	7	8	8	8	7	-	7	8	17	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	77	325	0	0	50	0	-40	-21	57	77	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-103	-	-	-	-	-	-	-	-
Accretion of deferred gain on sale of building
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	58	-19
Excess tax benefit from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Provision for obsolete inventory
35	20	21	21	12	45	13	13	3	2	-	18	8	-27	217	251	55	3	239	110	405	266	115	21	118	30	56	69	102	103	67	181	174	70	534	66	92	89	58	72	80
Provision for warranty
36	73	16	16	51	4	12	12	35	18	-	10	11	19	-14	61	2	-	-	-	-	-	-	-	-	16	13	5	1	10	16	0	0	0	0	0	60	19	64	44	31
Provision for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	37	0	0	0	40	-32	54	-20	20	0	-111	-	-	-	-
Provision for warranty
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	46	62	-22	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Recovery of) provision for warranty
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Recovery of doubtful accounts
-	-	-	-	-	-	0	-	-	0	-	0	84	-	-4	-7	8	-	-21	15	4	-	27	10	74	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of assets
-1	0	-206	-	0	2	-2	-2	-	3	-	1	-12	-	-23	-38	-71	-	0	0	0	-	-2	0	6	-	-5	-5	0	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6	-1	26	-13
Share-based compensation expense
59	67	74	82	80	106	168	168	140	56	-	147	104	168	169	158	197	134	204	237	189	192	196	179	165	176	148	181	154	201	222	217	208	163	161	154	146	122	122	114	142
Deferred income taxes
-207	42	-360	-180	-805	132	-263	-263	-166	-1,024	-	197	-569	340	89	-423	-477	1,311	-397	-1,100	-1,127	-613	-4,492	1,773	1,815	845	196	-1,682	-46	998	-477	746	1,226	-275	3,092	-2,800	204	-	-	-	-
Changes in operating assets and liabilities:
Trade receivables
5,942	3,374	10,140	2,190	-16,321	7,790	2,997	2,997	14,758	3,316	-	2,027	-7,542	2,849	-4,109	1,658	3,107	6,114	-5,219	-12,936	905	3,148	1,206	-6,185	3,911	-2,979	1,239	2,865	1,561	-1,426	-6,322	-1,926	-3,964	1,015	12,235	-798	7,816	-	-	-	-
Contract assets
610	-4,691	-399	2,023	1,020	2,346	4,866	4,866	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash received from arbitration settlement
0	0	0	0	0	0	6,684	6,684	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32	-127	-494
Trade receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,572	2,716	436
Inventories
3,943	-7,573	17,327	5,056	3,793	-7,874	442	442	-13,989	6,091	-	3,233	4,076	2,757	917	-1,848	-6,746	-230	9,569	-2,781	9,611	13,900	6,710	-3,313	-2,589	9,578	-822	1,503	191	-2,976	-1,335	-7,586	-1,353	4,616	1,182	6,583	5,266	-3,741	-1,146	853	6,112
Other assets
5,379	2,860	829	842	-1,315	3,260	1,703	1,703	3,481	965	-	228	4,575	-201	401	-1,569	733	-4,451	1,956	-1,148	1,904	-1,342	2,092	196	3,303	1,734	1,330	-1,950	2,031	182	333	316	1,550	205	368	662	497	-2,042	-367	1,755	928
Accounts payable
-8,556	-6,766	13,643	4,812	-4,335	-4,489	1,385	1,385	7,172	7,689	-	4,875	3,584	3,688	-1,788	-1,890	-5,899	2,755	-627	-18,118	13,429	11,251	7,332	-6,034	5,450	3,919	761	179	1,200	-884	-4,385	-6,249	-5,107	2,052	-198	8,603	6,419	-1,778	2,917	-3,031	-1,117
Accrued compensation and vacation
-252	-405	600	423	-1,419	556	-906	-906	1,489	134	-	-1,083	-2,440	2,038	272	326	-2,202	1,634	555	-74	-2,011	1,810	228	-269	-2,052	1,265	384	-94	-1,406	688	1,470	-1,835	825	984	1,005	622	-782	257	62	264	-1,244
Other liabilities
-1,186	449	215	-138	-208	303	-280	-280	-565	1,626	-	1,570	-580	-2,217	-144	921	527	-3,853	-115	818	847	-531	4,999	-824	-2,837	-1,271	602	835	-317	245	603	-98	622	799	-2,560	2,682	-56	-261	262	-15	-696
Cash (used in) provided by operating activities
-23,623	1,875	-10,313	-2,469	8,484	-5,417	321	321	-898	726	-	1,953	1,341	1,845	4,450	4,547	-1,417	4,348	-3,075	2,013	1,294	670	1,834	7,301	-2,138	-894	2,896	1,059	-1,603	8,442	8,424	6,394	6,022	1,847	-7,761	6,635	-5,787	8,769	1,677	-5,471	-7,544
Investing activities:
Payment for acquisition, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	201	47,763	0	0	0	6,027	0	0	0	0	-	-	-	-	-	-	-	-
Purchase of property and equipment
561	2,314	3,046	2,545	2,255	1,912	1,674	1,674	1,347	1,021	-	868	1,287	1,739	2,632	1,980	2,956	3,257	2,476	4,032	3,512	1,661	2,446	2,453	2,248	3,296	1,859	1,474	1,134	702	553	1,476	739	1,027	862	2,369	396	223	823	1,206	1,566
Proceeds from sale of fixed assets
0	0	696	5	0	17	0	0	56	3	-	1	981	721	12	8	93	1,429	0	3,744	2,439	2,172	2,545	1,729	2,195	0	0	0	0	-	-	-	-	-	-	-	-	0	0	1	14
Cash receipts from deferred purchase price of factored receivables
1,655	1,616	1,079	1,732	1,466	1,409	1,893	1,893	2,400	2,300	-	2,222	1,378	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash used in investing activities
1,094	-698	-1,271	-853	-789	-486	219	219	1,193	1,227	-	1,361	1,072	-1,018	-2,620	-1,972	-2,863	-1,828	-2,476	-288	-1,073	511	99	-925	-47,816	-3,296	-1,859	-1,474	-7,161	-675	-553	-1,332	-739	-1,027	-862	-2,360	-396	-223	-823	-1,092	-1,552
Financing activities:
Payment of financing costs
2	3	2	4	3	4	4	4	4	5	-	6	6	0	28	165	28	57	0	28	28	18	33	0	11	61	12	11	0	-	-	-	-	-	-	-	-	0	0	0	50
Proceeds from issuance of long term debt
0	0	5,000	-	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of long term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	35,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of long term debt
1,884	1,884	1,468	1,468	1,467	1,468	1,468	1,468	1,468	1,467	-	1,468	1,468	1,467	1,468	1,250	1,250	1,250	1,250	1,250	1,250	1,250	1,250	1,250	0	0	196	191	189	187	183	181	178	176	174	170	169	-	-	-	-
Borrowings under revolving credit agreement
-	45,417	45,799	-	-	42,612	51,856	51,856	-	44,169	-	48,320	43,387	-	40,531	38,428	40,832	-	52,438	50,676	50,721	-	30,329	29,498	39,552	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital lease payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Borrowings under revolving credit agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	8,731	26,303	31,494	26,191	34,535	29,097	24,768	16,194	22,012	25,768	35,011
Repayments of revolving credit agreement
-	44,712	37,842	-	-	36,404	49,908	49,908	50,321	44,802	-	50,687	43,722	41,347	41,228	42,494	35,909	44,203	46,555	50,147	50,221	38,463	30,835	35,440	21,618	8,212	0	0	0	0	13,462	32,665	35,412	27,408	25,790	32,953	19,429	23,932	26,055	19,038	25,514
Proceeds from accounts receivable transfer agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-31	0	0	1,147	7,853	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments towards accounts receivable transfer agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	8,969	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	77	325	0	0	50	0	-40	-21	57	77	0	0	0	103	509	0	0	0	-	-	-	-
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	17	0	0	33	17	37	0	0	9	78	19	0	128	-38	21	48	301
Tax withholding from exercise of share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	0	6	8	108	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash provided by (used in) financing activities
23,332	-1,182	11,487	3,758	-7,722	4,736	476	476	-250	-2,105	-	-3,841	-1,809	-1,365	-2,199	-1,570	3,537	-1,777	4,633	-672	-453	-1,154	-1,789	-7,142	45,118	7,752	-229	-112	-95	-150	-4,914	-6,618	-3,984	-806	8,515	-4,026	5,298	-7,943	-1,862	6,778	9,748
Net decrease in cash and cash equivalents
-	-5	-97	-	-	-1,167	1,016	1,016	45	-152	-	-527	604	-538	-369	1,005	-743	743	-918	1,053	-232	27	144	-766	-4,836	3,562	808	-527	-8,859	7,617	2,957	-1,556	1,299	14	-108	249	-885	603	-1,008	215	652
Noncash investing and financing items:
Beneficial interest in transferred receivables
-1,713	-70	1,788	-	-34	141	1,976	1,976	-	64	-	197	2,128	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental cash flow information:
Interest payments
755	642	593	665	776	647	-	685	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest payments
-	-	-	-	-	-	685	-	-	617	-	657	545	579	532	558	569	595	681	541	491	287	270	378	286	34	12	18	26	28	58	98	133	144	125	132	42	41	195	153	74
Income tax payments (refunds), net of refunds
0	213	213	-127	-334	176	-226	-226	71	-283	-	33	483	1,442	-61	88	330	-465	442	284	552	190	1,296	1,590	198	334	863	852	135	927	913	389	479	919	266	111	116	178	79	77	199