KEY TRONIC CORP KTCC Cash Flow

Key tronic corp (KTCC)

CashFlow / TTM

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)
4,103	-8,788	-8,023	-7,982	-10,976	1,649	-164	-164	-1,325	2,188	-	2,505	4,257	5,617	6,427	7,249	7,508	6,533	6,727	6,805	6,644	4,304	3,344	2,897	4,385	7,613	8,630	10,079	10,544	12,583	13,997	14,528	14,123	11,626	0	0	0	-	-	-	-
Adjustments to reconcile net income (loss) to cash provided by (used in) operating activities:
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Depreciation and amortization
5,774	6,674	6,994	7,298	7,456	7,652	7,723	7,723	7,774	7,770	-	7,691	7,577	7,232	6,906	6,558	6,265	6,162	6,090	6,136	6,157	5,910	5,413	4,851	4,234	3,829	3,802	3,481	3,217	2,965	2,563	2,449	2,372	2,333	2,297	2,284	2,253	2,212	0	0	0
Amortization of deferred loan costs
30	30	30	30	30	30	30	30	30	39	-	32	25	17	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	402	402	402	375	50	10	-11	-4	73	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
Accretion of deferred gain on sale of building
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	39	0	0	0
Excess tax benefit from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Provision for obsolete inventory
97	74	99	91	73	63	36	36	31	1	-	216	449	496	526	548	407	757	1,020	896	807	520	284	225	273	257	330	341	453	525	492	959	844	762	781	305	311	299	0	0	0
Provision for warranty
141	156	87	83	102	69	75	75	74	58	-	26	77	68	0	0	0	-	-	-	-	-	-	-	-	35	29	32	27	26	16	0	0	60	79	143	187	158	0	0	0
Provision for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37	37	40	8	62	42	22	54	-111	0	0	0	-	-	-	-
Provision for warranty
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Recovery of) provision for warranty
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Recovery of doubtful accounts
-	-	-	-	-	-	0	-	-	0	-	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of assets
0	0	0	-	0	0	0	0	-	0	-	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	0	0	0
Share-based compensation expense
282	303	342	436	494	470	511	511	447	475	-	588	599	692	658	693	772	764	822	814	756	732	716	668	670	659	684	758	794	848	810	749	686	624	583	544	504	500	0	0	0
Deferred income taxes
-705	-1,303	-1,213	-1,116	-1,102	-1,321	-1,256	-1,256	-1,562	-1,056	-	57	-563	-471	500	14	-663	-1,313	-3,237	-7,332	-4,459	-1,517	-59	4,629	1,174	-687	-534	-1,207	1,221	2,493	1,220	4,789	1,243	221	0	0	0	-	-	-	-
Changes in operating assets and liabilities:
Trade receivables
21,646	-617	3,799	-3,344	9,224	28,861	23,098	23,098	12,559	650	-	-6,775	-7,144	3,505	6,770	5,660	-8,934	-11,136	-14,102	-7,677	-926	2,080	-4,047	-4,014	5,036	2,686	4,239	-3,322	-8,113	-13,638	-11,197	7,360	8,488	20,268	0	0	0	-	-	-	-
Contract assets
-2,457	-2,047	4,990	10,255	8,232	7,212	4,866	4,866	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash received from arbitration settlement
0	0	0	6,684	6,684	6,684	6,684	6,684	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Trade receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Inventories
18,753	18,603	18,302	1,417	-17,628	-15,330	-4,223	-4,223	-589	16,157	-	10,983	5,902	-4,920	-7,907	745	-188	16,169	30,299	27,440	26,908	14,708	10,386	2,854	7,670	10,450	-2,104	-2,617	-11,706	-13,250	-5,658	-3,141	11,028	17,647	9,290	6,962	1,232	2,078	0	0	0
Other assets
9,910	3,216	3,616	4,490	7,129	9,409	6,377	6,377	9,249	5,567	-	5,003	3,206	-636	-4,886	-3,331	-2,910	-1,739	1,370	1,506	2,850	4,249	7,325	6,563	4,417	3,145	1,593	596	2,862	2,381	2,404	2,439	2,785	1,732	-515	-1,250	-157	274	0	0	0
Accounts payable
3,133	7,354	9,631	-2,627	-267	11,757	21,121	21,121	23,320	19,836	-	10,359	3,594	-5,889	-6,822	-5,661	-21,889	-2,561	5,935	13,894	25,978	17,999	10,667	4,096	10,309	6,059	1,256	-3,890	-10,318	-16,625	-13,689	-9,502	5,350	16,876	13,046	16,161	4,527	-3,009	0	0	0
Accrued compensation and vacation
366	-801	160	-1,346	-280	1,273	-366	-366	-1,900	-1,351	-	-1,213	196	434	30	313	-87	104	280	-47	-242	-283	-828	-672	-497	149	-428	658	-1,083	1,148	1,444	979	3,436	1,829	1,102	159	-199	-661	0	0	0
Other liabilities
-660	318	172	-323	-750	1,084	2,351	2,351	2,051	399	-	-1,371	-2,020	-913	-2,549	-2,520	-2,623	-2,303	1,019	6,133	4,491	807	67	-4,330	-2,671	-151	1,365	1,366	433	1,372	1,926	-1,237	1,543	865	-195	2,627	-70	-710	0	0	0
Cash (used in) provided by operating activities
-34,530	-2,423	-9,715	919	2,490	-5,268	2,102	2,102	3,122	5,865	-	9,589	12,183	9,425	11,928	4,403	1,869	4,580	902	5,811	11,099	7,667	6,103	7,165	923	1,458	10,794	16,322	21,657	29,282	22,687	6,502	6,743	-5,066	1,856	11,294	-812	-2,569	0	0	0
Investing activities:
Payment for acquisition, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	47,964	47,964	47,964	47,763	6,027	6,027	6,027	6,027	0	0	0	0	-	-	-	-	-	-	-	-
Purchase of property and equipment
8,466	10,160	9,758	8,386	7,188	5,954	4,910	4,910	4,523	4,915	-	6,526	7,638	9,307	10,825	10,669	12,721	13,277	11,681	11,651	10,072	8,808	10,443	9,856	8,877	7,763	5,169	3,863	3,865	3,470	3,795	4,104	4,997	4,654	3,850	3,811	2,648	3,818	0	0	0
Proceeds from sale of fixed assets
701	701	718	22	73	76	60	60	1,041	1,706	-	1,715	1,722	834	1,542	1,530	5,266	7,612	8,355	10,900	8,885	8,641	6,469	3,924	2,195	0	0	0	0	-	-	-	-	-	-	-	-	15	0	0	0
Cash receipts from deferred purchase price of factored receivables
6,082	5,893	5,686	6,500	7,168	8,002	8,815	8,815	8,300	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash used in investing activities
-1,728	-3,611	-3,399	-1,909	137	2,153	4,000	4,000	4,853	2,642	-	-1,205	-4,538	-8,473	-9,283	-9,139	-7,455	-5,665	-3,326	-751	-1,388	-48,131	-51,938	-53,896	-54,445	-13,790	-11,169	-9,863	-9,721	-3,299	-3,651	-3,960	-4,988	-4,645	-3,841	-3,802	-2,534	-3,690	0	0	0
Financing activities:
Payment of financing costs
11	12	13	15	15	17	19	19	21	17	-	40	199	221	278	250	113	113	74	107	79	62	105	84	95	84	0	0	0	-	-	-	-	-	-	-	-	50	0	0	0
Proceeds from issuance of long term debt
0	0	0	-	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of long term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35,000	35,000	35,000	35,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of long term debt
6,704	6,287	5,871	5,871	5,871	5,871	5,871	5,871	5,871	5,870	-	5,871	5,653	5,435	5,218	5,000	5,000	5,000	5,000	5,000	5,000	3,750	2,500	1,446	387	576	763	750	740	729	718	709	698	689	0	0	0	-	-	-	-
Borrowings under revolving credit agreement
-	0	0	-	-	0	0	0	-	0	-	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital lease payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Borrowings under revolving credit agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,731	35,034	66,528	92,719	118,523	121,317	114,591	104,594	92,071	88,742	98,985	0	0	0
Repayments of revolving credit agreement
-	0	162,488	-	-	181,435	195,718	195,718	189,532	180,558	-	176,984	168,791	160,978	163,834	169,161	176,814	191,126	185,386	169,666	154,959	126,356	96,105	65,270	29,830	8,212	0	13,462	46,127	81,539	108,947	121,275	121,563	105,580	102,104	102,369	88,454	94,539	0	0	0
Proceeds from accounts receivable transfer agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,116	9,000	9,000	9,000	7,853	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments towards accounts receivable transfer agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,969	8,969	8,969	8,969	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	402	402	402	375	50	10	-11	-4	73	113	134	77	103	612	612	612	509	0	0	0	-	-	-	-
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17	17	17	50	50	87	87	54	46	87	106	106	225	109	111	159	332	0	0	0
Tax withholding from exercise of share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	122	122	116	108	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash provided by (used in) financing activities
37,395	6,341	12,259	1,248	-2,760	2,857	-5,720	-5,720	-8,005	-9,120	-	-9,214	-6,943	-1,597	-2,009	4,823	5,721	1,731	2,354	-4,068	-10,538	35,033	43,939	45,499	52,529	7,316	-586	-5,271	-11,777	-15,666	-16,322	-2,893	-301	8,981	1,844	-8,533	2,271	6,721	0	0	0
Net decrease in cash and cash equivalents
-	0	-855	-	-	-258	382	382	-30	-613	-	-830	702	-645	636	87	135	646	-70	992	-827	-5,431	-1,896	-1,232	-993	-5,016	-961	1,188	159	10,317	2,714	-351	1,454	-730	-141	-1,041	-1,075	462	0	0	0
Noncash investing and financing items:
Beneficial interest in transferred receivables
0	0	0	-	0	0	0	0	-	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental cash flow information:
Interest payments
2,655	2,676	2,681	2,773	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest payments
-	-	-	-	-	-	2,669	-	-	2,398	-	2,313	2,214	2,238	2,254	2,403	2,386	2,308	2,000	1,589	1,426	1,221	968	710	350	90	84	130	210	317	433	500	534	443	340	410	431	463	0	0	0
Income tax payments (refunds), net of refunds
299	-35	-72	-511	-313	-262	-405	-405	304	1,675	-	1,897	1,952	1,799	-108	395	591	813	1,468	2,322	3,628	3,274	3,418	2,985	2,247	2,184	2,777	2,827	2,364	2,708	2,700	2,053	1,775	1,412	671	484	450	533	0	0	0