| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | ||||||||
Net income | ||||||||
0 | - | - | - | 0 | - | - | - | - |
Net income (loss) | ||||||||
- | - | - | - | - | - | - | 0 | 0 |
Adjustments to reconcile net income to net cash used in operating activities: | ||||||||
Depreciation | ||||||||
0 | - | - | - | 0 | - | - | - | - |
Amortization | ||||||||
0 | - | - | - | 0 | - | - | - | - |
Depreciation and amortization | ||||||||
- | - | - | - | - | - | 0 | 0 | 0 |
Stock-based compensation expense | ||||||||
0 | - | - | - | - | - | - | - | - |
Allowance for doubtful accounts | ||||||||
0 | - | - | - | 0 | - | - | - | - |
Inventory excess and obsolescence reserve | ||||||||
0 | - | - | - | - | - | - | - | - |
Costs recognized on step-up of acquired inventory | ||||||||
- | 395 | 0 | 0 | 0 | - | - | - | - |
Contingent consideration revaluation | ||||||||
- | -6,054 | 0 | 0 | 0 | - | - | - | - |
Gain on disposal of property, plant and equipment | ||||||||
134 | 62 | 0 | 0 | 0 | - | - | - | - |
Deferred compensation and long-term incentive | ||||||||
9,767 | 11,598 | 15,668 | 15,544 | 4,947 | 4,466 | 0 | 0 | 0 |
Other non-cash adjustments | ||||||||
0 | - | - | - | 0 | - | - | - | - |
Non-cash adjustments | ||||||||
- | - | - | - | - | - | - | 0 | 0 |
Changes in operating assets and liabilities – net of effects of acquisition: | ||||||||
Accounts receivable | ||||||||
-17,417 | -11,853 | 4,248 | 7,716 | 6,825 | -1,042 | 0 | 0 | 0 |
Inventories | ||||||||
-8,512 | -8,886 | -3,495 | 1,649 | 4,506 | 6,873 | 0 | 0 | 0 |
Tooling in progress | ||||||||
446 | -729 | -700 | -54 | -6 | -489 | 0 | 0 | 0 |
Prepaids and other current assets | ||||||||
-171 | 1,358 | 5,161 | 5,040 | 4,731 | 4,425 | 0 | 0 | 0 |
Accounts payable | ||||||||
-15,364 | -11,010 | -1,885 | 3,841 | 2,931 | 834 | 0 | 0 | 0 |
Deferred income taxes | ||||||||
0 | - | - | - | - | - | - | - | - |
Accrued liabilities, excluding long-term incentive | ||||||||
-2,674 | -6,938 | -3,741 | 1,247 | 16 | 1,410 | 0 | 0 | 0 |
Net cash provided by (used in) operating activities | ||||||||
37,535 | 33,402 | 24,569 | 26,405 | 33,542 | 36,715 | 0 | 0 | 0 |
CASH FLOWS FROM INVESTING ACTIVITIES | ||||||||
Purchase of property, plant and equipment | ||||||||
20,022 | 25,797 | 27,370 | 28,526 | 23,542 | 17,879 | 0 | 0 | 0 |
Proceeds from sale of property, plant and equipment | ||||||||
171 | 76 | 0 | 0 | 0 | - | - | - | - |
Net cash used in investing activities | ||||||||
-22,220 | -28,090 | -146,018 | -145,560 | -138,223 | -132,569 | 0 | 0 | 0 |
CASH FLOWS FROM FINANCING ACTIVITIES | ||||||||
Proceeds from bank revolving credit notes | ||||||||
411,606 | 442,154 | 444,731 | 345,764 | 336,143 | 257,428 | 0 | 0 | 0 |
Payments on bank revolving credit notes | ||||||||
390,202 | 429,211 | 388,538 | 327,197 | 302,848 | 228,137 | 0 | 0 | 0 |
Repayments of other long-term debt | ||||||||
- | 120,046 | 162,126 | 115,752 | 85,513 | 87,389 | 0 | 0 | 0 |
Purchase of treasury stock | ||||||||
0 | - | - | - | - | - | - | - | - |
Payments on capital leases | ||||||||
543 | 469 | 0 | 0 | 0 | - | - | - | - |
Net cash provided by financing activities | ||||||||
-2,341 | -8,400 | 121,365 | 119,073 | 104,674 | 98,867 | 0 | 0 | 0 |
Net increase (decrease) in cash and cash equivalents | ||||||||
0 | - | - | - | 0 | - | - | - | - |
Net increase (decrease) in cash and cash equivalents | ||||||||
- | - | - | - | - | - | - | 0 | 0 |
Supplemental disclosure of cash flow information: | ||||||||
Cash paid for interest | ||||||||
5,259 | 6,629 | 8,056 | 6,292 | 6,091 | 4,117 | 0 | 0 | 0 |
Cash paid for taxes | ||||||||
0 | - | - | - | 0 | - | - | - | - |
In conjunction with the DMP acquisition, fair value of assets acquired and liabilities assumed were as followed: | ||||||||
Non-cash construction in progress in accounts payable | ||||||||
0 | - | - | - | 0 | - | - | - | - |