LCI INDUSTRIES LCII Cash Flow

Lci industries (LCII)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	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
Cash flows from operating activities:
Net income
140,357	146,509	137,881	135,884	135,581	148,551	145,836	144,162	137,075	132,884	141,719	139,425	136,857	129,671	119,512	106,931	90,231	74,345	70,201	68,426	66,175	62,266	61,347	60,664	57,911	50,119	43,787	38,753	34,596	37,340	36,683	32,531	31,788	30,059	0	0	0
Adjustments to reconcile net income to cash flows provided by operating activities:
Depreciation and amortization
81,523	75,358	73,669	72,165	70,700	67,526	64,610	61,673	57,761	54,727	52,303	49,507	47,465	46,167	44,681	43,959	42,765	41,624	39,784	37,531	35,158	32,596	30,587	28,967	28,188	27,500	26,842	26,757	25,836	25,665	24,664	22,867	22,013	20,522	0	0	0
Stock-based compensation expense
15,639	16,077	12,274	12,151	12,255	14,065	18,846	20,486	21,677	20,036	19,041	17,458	16,182	15,420	14,480	14,248	14,120	14,043	13,892	12,609	11,255	10,817	10,524	10,272	10,309	10,839	9,839	9,093	8,154	6,318	5,938	5,447	4,793	4,587	0	0	0
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-cash items
4,395	1,553	-1,783	-1,619	-1,725	13	243	-1,246	-2,105	-4,371	-3,467	-2,929	-2,845	-1,540	-2,209	-1,982	-1,016	-1,335	-813	245	-2,270	-2,796	-2,917	-3,446	-2,037	-1,867	-1,552	-1,147	-702	-654	-1,708	-2,539	-2,140	-1,570	0	0	0
Changes in assets and liabilities, net of acquisitions of businesses:
Accounts receivable, net
42,475	25,452	1,986	-18,539	-1,968	11,352	-5,386	3,382	12,519	12,601	37,591	16,577	21,768	13,899	3,185	26,159	9,393	-2,082	14,205	-5,778	9,627	606	3,346	8,413	19,400	9,013	4,254	8,466	-3,286	-774	8,368	2,127	9,568	5,007	0	0	0
Inventories, net
-82,621	-57,790	-6,155	-19,770	1,446	34,730	61,393	86,450	97,777	78,698	55,087	40,250	14,506	7,856	-21,464	-18,675	19,274	31,276	44,703	45,074	29,862	21,940	21,175	2,263	-13,854	3,403	-2,272	8,321	21,506	4,727	-90	888	4,120	14,738	0	0	0
Prepaid expenses and other assets
-2,964	-6,882	-6,934	504	4,238	17,691	1,742	7,304	11,902	10,898	26,556	20,691	15,537	15,553	11,884	8,781	4,102	2,249	-1,034	1,590	9,697	4,610	10,046	6,548	1,425	2,288	-345	2,523	6,348	10,738	6,845	4,564	2,096	1,848	0	0	0
Accounts payable, trade
8,108	-12,189	4,032	-11,180	-13,868	-17,335	-22,059	3,597	10,695	20,727	24,829	19,846	18,254	18,800	432	-1,537	-16,769	-21,783	6,605	-576	11,573	21,269	8,530	13,695	7,139	2,296	-1,625	-10,951	20,507	5,983	3,286	16,995	-9,460	4,391	0	0	0
Accrued expenses and other liabilities
-26,059	2,687	3,942	-4,524	-2,255	-6,287	-3,569	-5,904	11,965	15,346	26,029	15,966	12,486	29,975	25,421	41,630	31,927	15,835	16,879	16,218	15,091	9,925	8,363	5,344	12,157	4,491	11,683	12,346	3,918	12,088	7,188	1,750	597	-3,526	0	0	0
Net cash flows provided by operating activities
261,699	269,525	258,558	257,794	214,296	156,608	152,480	134,932	125,888	152,702	145,373	165,015	179,680	201,667	214,375	192,010	131,583	95,018	84,807	87,584	86,843	107,020	87,970	105,433	111,039	82,677	89,773	57,167	68,477	72,689	65,139	74,986	36,908	36,831	0	0	0
Cash flows from investing activities:
Capital expenditures
41,715	58,202	75,072	101,074	118,265	119,827	119,401	98,484	101,205	87,221	83,086	74,638	50,233	44,671	29,108	27,630	26,854	28,989	34,234	39,214	44,227	42,458	36,547	32,962	30,481	32,595	36,096	36,417	35,280	32,026	28,606	26,928	26,865	24,317	0	0	0
Acquisitions of businesses, net of cash acquired
543,530	447,764	82,014	39,907	46,222	184,792	149,413	146,127	188,469	60,588	82,364	82,364	41,314	48,725	34,237	50,237	56,435	41,058	47,683	49,683	62,848	106,782	103,456	85,456	51,407	4,750	1,451	1,451	309	1,473	2,435	44,525	44,216	50,302	0	0	0
Proceeds from note receivable
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of fixed assets
-	-	-	-	-	-	-	-	-	-	-	-	583	-	729	716	2,503	2,337	2,384	3,546	2,948	3,587	3,407	3,373	2,120	1,444	1,404	3,367	5,407	5,420	0	0	0	-	-	-	-
Proceeds from maturity of short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,000	0	0	0
Other investing activities
-4,043	-2,132	-3,063	-3,091	-1,920	-1,824	-816	-661	-1,819	-1,934	-248	-183	80	311	450	430	380	406	377	335	344	171	103	155	129	154	148	119	129	119	493	1,033	814	843	0	0	0
Net cash flows used in investing activities
-581,202	-503,834	-156,023	-139,890	-162,722	-302,795	-265,998	-241,950	-287,819	-145,875	-163,735	-155,156	-89,742	-91,707	-61,066	-75,581	-79,166	-66,116	-78,910	-84,686	-102,721	-144,074	-135,949	-114,450	-79,897	-36,055	-36,291	-34,620	-30,311	-28,198	-26,047	-69,025	-70,513	-69,124	0	0	0
Cash flows from financing activities:
Exercise of stock-based awards, net of shares tendered for payment of taxes
-6,253	-8,084	-9,177	-9,127	-8,360	-16,097	-17,332	-17,102	-16,966	-10,531	-5,148	-3,825	-1,880	2,574	2,154	1,014	121	1,470	1,939	1,656	602	5,769	6,913	7,914	13,536	15,175	17,194	17,432	12,202	8,217	3,524	2,155	1,823	1,188	0	0	0
Proceeds from line of credit borrowings
726,881	655,387	862,640	1,061,153	1,088,673	1,387,013	947,016	659,278	502,130	28,130	9,715	0	0	81,458	132,762	305,217	520,737	614,629	658,309	633,885	521,211	425,330	330,346	182,315	118,588	135,452	149,977	149,977	110,858	52,227	0	0	0	-	-	-	0
Repayments under line of credit borrowings
548,501	628,891	852,273	1,032,786	1,032,673	1,146,953	757,016	497,278	325,130	28,130	9,715	0	0	81,458	174,591	335,217	520,737	630,279	656,480	626,173	531,211	409,680	290,346	160,027	108,588	135,452	149,977	149,977	110,858	52,227	0	0	0	-	-	-	0
Repayments under term loan borrowings
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from other borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50,000	50,000	50,000	50,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payment of dividends
65,135	63,813	62,689	61,551	60,411	59,270	57,825	55,155	52,473	51,057	49,705	44,617	46,879	34,437	0	0	0	-	-	-	-	46,706	46,706	46,706	46,706	0	0	0	0	-	-	-	-	-	-	-	-
Payment of contingent consideration related to acquisitions
-	-	-	-	-	-	-	-	-	5,301	2,014	2,013	3,628	3,204	2,730	4,815	4,262	3,974	3,970	2,100	2,768	3,739	4,901	6,156	5,679	5,456	5,349	5,578	4,836	4,315	3,425	1,724	755	398	0	0	0
Other financing activities
148	382	-2,218	-2,210	-1,974	-2,373	-556	-556	-556	-59	-69	-3	-1,087	-1,028	-1,018	-1,143	-59	-220	-220	-161	-161	-196	-196	-196	-196	0	0	0	0	-	-	-	-	-167	0	0	0
Net cash flows provided by (used in) financing activities
403,380	254,971	-92,466	-73,277	-41,999	135,066	112,006	86,908	102,543	-66,948	-56,936	-50,458	-53,474	-36,095	-65,501	-49,651	-52,427	-16,601	1,351	8,880	37,673	-29,222	-4,890	-22,856	-29,045	9,719	-33,193	-33,184	-37,672	-41,136	-7,980	-221	418	-3	0	0	0
Effect of exchange rate changes on cash and cash equivalents
-195	-231	-842	-1,818	-251	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in cash and cash equivalents
83,682	20,431	9,227	42,809	9,324	-11,121	-1,512	-20,110	-59,388	-60,121	-75,298	-40,599	36,464	73,865	87,808	66,778	-10	12,301	7,248	11,778	21,795	-66,276	-52,869	-31,873	2,097	56,341	20,289	-10,637	494	3,355	31,112	5,740	-33,187	-32,296	0	0	0
Supplemental disclosure of cash flow information:
Cash paid during the period for interest
12,285	9,143	7,557	7,011	7,027	5,645	4,603	3,291	2,179	1,650	1,758	1,851	1,954	1,992	2,161	2,407	2,461	2,113	1,709	1,225	741	641	547	409	373	364	306	312	337	369	310	362	309	284	0	0	0
Cash paid during the period for income taxes, net of refunds
37,704	37,836	34,563	28,974	40,061	39,991	39,283	60,907	51,537	53,620	62,449	64,278	67,742	65,792	63,343	44,303	33,820	33,782	25,609	26,263	30,109	30,947	34,824	31,738	27,705	26,799	27,300	19,921	24,170	24,145	17,929	18,933	18,821	18,909	0	0	0
Purchase of property and equipment in accrued expenses
4,674	3,417	506	19	-2,124	385	1,902	1,232	4,139	2,640	2,387	3,225	3,214	1,461	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-