Mistras group, inc. (MG)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Nov'16Sep'16Aug'16Jun'16May'16Mar'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11May'11Feb'11Nov'10Aug'10
Cash flows from operating activities
Cash flows from operating activities
Net loss

-87,156

6,080

4,179

82

-1,360

6,845

8,780

2,836

-947

-2,168

4,258

17,821

18,375

-

20,278

-

24,412

-

24,650

0

24,018

22,185

21,167

15,991

20,283

19,739

18,611

22,575

11,554

13,081

12,983

11,639

0

0

0

-

-

-

-

-

-

-

-

Adjustments to reconcile net loss to net cash provided by operating activities
Net income attributable to Mistras Group, Inc.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

Depreciation and amortization

38,332

38,533

37,217

36,443

35,433

34,413

33,475

33,073

32,366

31,383

31,538

31,446

32,182

-

32,448

-

32,517

-

32,474

0

32,361

32,544

32,967

33,286

32,358

31,544

29,943

28,429

27,804

27,696

27,373

26,647

25,728

24,301

23,084

22,024

20,973

20,053

19,429

18,592

0

0

0

Impairment charges

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

17,582

3,599

-1,822

-1,678

-1,843

-1,859

-3,089

4,561

4,508

4,854

3,948

-2,353

681

-

-476

-

-4

-

-240

0

1,042

1,128

1,405

1,745

431

124

353

621

1,275

1,750

1,560

1,732

0

0

0

-

-

-

-

-

-

-

-

(Gain) loss on sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

57

74

-18

-21

0

0

0

Amortization of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

158

170

169

169

0

0

0

Share-based compensation expense

5,755

5,766

5,945

6,145

6,337

6,107

6,155

5,983

5,976

6,574

6,586

6,733

6,554

-

6,600

-

6,463

-

6,514

0

6,720

5,549

6,369

6,579

7,104

7,771

6,721

6,261

5,549

5,826

6,358

6,285

6,055

5,756

5,729

5,097

4,862

4,522

4,024

3,751

0

0

0

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Bad debt provision for troubled customers, net of recoveries

-2,453

3,038

3,448

3,448

6,141

650

0

0

0

1,200

1,200

1,200

0

0

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

397

168

233

253

0

0

0

Fair value adjustments to contingent consideration

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

0

-

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest rate swap

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

210

0

0

0

Noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

Foreign currency (gain) loss

-419

535

317

279

-619

-1,311

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-206

-268

313

335

0

0

0

Charges associated with the exit of foreign operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value adjustments to contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-617

-

-810

-

-2,066

-

-3,408

-4,904

-5,299

-5,382

-4,789

-2,507

-2,755

-3,937

-3,885

-6,046

-5,771

-3,727

0

0

0

-

-

-

-

-

-

-

-

Other

-2,043

-1,804

-112

97

-466

-462

544

643

545

525

772

1,462

3,028

-

2,537

-

1,014

-

1,052

0

-1,212

-420

-433

-1,647

-1,031

-1,374

-1,224

-617

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities, net of effect of acquisitions and dispositions
Accounts receivable

-11,278

-8,298

-6,811

10,736

5,430

10,349

13,751

8,618

3,686

-2,490

12,705

2,805

5,724

-

-7,134

-

59

-

4,999

0

6,847

-10,537

-1,317

-3,982

-1,585

35,555

24,746

23,857

14,539

13,933

9,674

-4,772

1,794

-8,569

7,730

18,030

26,204

34,849

19,864

22,664

0

0

0

Inventories

202

302

1,409

2,187

2,801

2,764

1,025

473

0

117

43

73

-517

-

-841

-

-1,558

-

-1,595

0

-2,358

-1,283

1,059

-388

-489

-2,069

-3,127

-1,203

481

1,200

581

-525

-1,901

-674

772

1,708

1,324

-346

211

77

0

0

0

Prepaid expenses and other assets

-7,729

-3,289

-921

-2,023

3,588

-1,400

1,981

3,496

4,057

1,904

3,414

3,989

2,301

-

5,355

-

3,772

-

1,812

0

-1,285

-1,053

-871

1,109

2,308

4,209

3,185

4,059

1,690

3,193

2,714

1,042

5,742

930

829

1,503

0

0

0

-

0

0

0

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

458

-

-

-

0

0

878

-

443

420

-111

-36

282

215

341

-462

-686

-691

-525

8

966

977

746

-47

0

0

0

Accounts payable

153

1,138

-332

3,418

3,139

2,948

4,127

4,781

-636

2,574

1,020

-187

343

-

-953

-

-1,362

-

254

0

1,400

-6,847

-4,905

-6,571

-4,331

2,629

3,940

6,125

2,713

1,581

-2,590

-5,478

-1,313

-94

1,745

3,149

184

786

265

1,904

0

0

0

Accrued expenses and other liabilities

-5,168

-5,042

-4,258

4,753

6,177

5,663

10,976

8,859

7,538

4,188

4,423

-2,168

4,518

-

7,542

-

9,125

-

10,187

0

7,797

9,306

4,980

2,006

199

2,334

3,015

4,532

3,679

3,263

971

-3,832

-6,951

-2,088

-78

5,524

9,438

4,255

6,994

6,203

0

0

0

Income taxes payable

-1,834

131

3,188

-579

-1,191

-3,781

-2,991

-784

1,115

1,007

1,016

468

1,014

-

1,848

-

1,970

-

2,139

0

2,083

228

-692

-1,748

-1,947

-253

-1,471

-431

-1,316

-3,828

-1,157

-1,426

-1,477

-343

-2,857

-3,036

-2,515

-1,410

-32

-515

0

0

0

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36,873

38,544

31,741

33,495

43,503

37,978

58,377

40,149

31,402

27,583

16,635

28,812

25,254

0

0

0

Net cash provided by operating activities

57,040

59,110

57,956

42,674

44,023

41,664

44,757

52,922

48,204

55,799

43,851

48,941

51,704

-

67,569

-

69,258

-

68,124

0

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from investing activities
Cash flows from investing activities
Purchase of property, plant and equipment

20,711

22,047

22,473

21,183

21,039

20,584

20,287

20,488

21,080

19,314

17,530

16,635

13,705

-

13,957

-

14,092

-

14,864

0

14,768

14,995

15,801

15,104

16,967

16,544

18,161

16,871

15,276

15,496

12,330

12,530

12,100

10,975

9,203

9,592

10,431

10,194

11,301

10,075

0

0

0

Purchase of intangible assets

872

873

860

717

464

541

699

832

1,044

1,255

1,251

1,286

1,395

-

1,433

-

1,537

-

1,315

0

1,179

913

574

866

824

866

924

708

561

786

907

993

1,273

1,030

911

813

559

554

564

520

0

0

0

Acquisition of businesses, net of cash acquired

-

-

-

-

-

-

-

-

-

83,424

15,342

12,674

12,708

-

8,208

-

2,931

-

1,743

0

1,715

3,725

2,020

34,677

0

0

0

-

-

-

-

-

-

-

-

29,216

34,167

20,034

26,522

26,195

0

0

0

Proceeds from sale of equipment

1,328

1,868

1,449

1,430

1,565

1,416

1,142

1,378

1,616

1,196

1,540

1,335

845

-

1,427

-

1,232

-

1,170

0

1,180

719

846

996

1,448

1,360

1,676

1,498

1,060

1,465

981

1,166

2,836

2,243

2,366

2,109

443

571

356

312

0

0

0

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-38,005

-33,355

-33,413

-45,378

-45,479

-47,081

-51,616

-31,336

-37,512

-44,714

-33,911

-38,031

-36,478

0

0

0

Net cash used in investing activities

-24,483

-25,280

-167,247

-156,211

-155,679

-155,450

-90,112

-98,866

-99,432

-102,797

-32,583

-29,260

-26,963

-

-22,171

-

-17,328

-

-16,752

0

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from financing activities
Cash flows from financing activities
Repayment of finance lease obligations

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of finance lease obligations

-

-

-

-

-

5,813

6,078

6,301

6,479

6,492

6,700

7,108

7,744

-

7,997

-

7,963

-

7,870

0

8,225

8,151

8,442

8,653

8,179

8,565

8,350

8,139

7,883

7,348

7,221

6,972

6,902

6,974

6,996

6,984

6,735

6,637

6,403

6,230

0

0

0

Proceeds from borrowings of long-term debt

1,142

983

1,299

1,590

2,108

2,358

2,797

4,203

6,107

6,653

5,682

3,980

1,557

-

965

-

1,468

-

2,737

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of long-term debt

6,802

6,857

6,078

4,869

3,606

2,746

2,320

2,391

2,272

2,101

2,047

12,088

12,308

-

12,766

-

15,880

-

17,580

0

16,707

16,601

21,410

11,457

12,633

15,451

10,313

8,830

8,694

6,214

4,365

5,075

12,245

12,493

11,920

12,346

4,753

6,542

7,546

7,141

0

0

0

Net repayments of former revolver

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Proceeds from revolver

39,000

32,000

167,600

166,076

163,076

175,176

113,676

112,700

121,700

124,000

64,400

75,300

76,500

-

61,500

-

54,600

-

55,800

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of revolver

62,700

61,700

44,501

44,091

46,791

49,991

67,690

64,000

50,500

50,600

29,400

45,300

49,900

-

58,400

-

76,300

-

69,600

0

0

0

0

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

-

-

-

-

Payment of financing costs

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net borrowings against revolver

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net repayments from other short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,868

4,545

3,878

9

-45

0

0

0

Payment of contingent consideration for business acquisitions

2,155

852

750

771

774

2,277

2,288

1,519

2,012

560

558

1,343

1,904

-

3,549

-

3,826

-

3,147

0

2,269

2,907

3,326

3,213

3,803

1,878

1,553

1,678

914

1,097

904

1,892

0

0

0

-

-

-

-

-

-

-

-

Purchases of treasury stock

-

-

-

-

-

-

-

-

-

15,923

22,923

19,000

0

-

0

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Taxes paid related to net share settlement of share-based awards

3,071

3,198

3,736

2,211

2,426

2,185

1,554

1,695

1,649

1,647

2,546

2,930

2,387

-

2,463

-

1,412

-

1,091

0

1,087

1,048

1,007

1,481

1,465

1,386

1,436

1,007

1,007

1,007

1,000

809

808

809

809

283

0

0

0

-

-

-

-

Excess tax benefit from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

691

-

669

-

-170

0

-260

-198

-287

388

430

501

553

340

332

224

319

495

604

577

703

554

0

0

0

-

-

-

-

Proceeds from exercise of stock options

0

32

32

305

305

273

271

-1

41

275

424

861

1,001

-

941

-

981

-

543

0

429

937

750

750

966

634

693

996

868

840

1,033

829

1,680

1,510

2,528

2,484

0

0

0

-

-

-

-

Net cash provided by (used in) financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,262

-2,675

9,630

10,861

1,144

7,638

-5,633

-9,159

2,009

18,430

15,377

787

5,344

0

0

0

Net cash provided by (used in) financing activities

-39,696

-44,137

108,353

110,088

105,759

113,969

36,254

36,513

54,453

53,045

6,389

-7,070

-7,531

-

-28,078

-

-47,663

-

-40,378

0

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

-434

-221

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash and cash equivalents

-7,573

-10,528

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

-

-

0

-

1,373

92

-94

-

-1,126

-

-501

151

-

0

-595

-1,277

-1,856

-1,720

-562

-499

-72

88

-1,467

297

626

224

2,437

1,538

1,184

1,632

72

449

1,068

722

0

0

0

Net change in cash and cash equivalents

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,218

1,047

8,255

-396

-608

972

2,666

838

-2,469

0

0

0

-

-

-

-

Net change in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,682

-

3,254

-

10,633

0

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Supplemental disclosure of cash paid
Interest

13,456

14,158

12,277

11,311

9,589

7,751

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest

-

-

-

-

-

-

-

-

-

-

-

3,872

3,162

-

3,333

-

3,776

4,494

-

0

6,196

5,699

5,422

4,504

3,301

3,420

3,424

3,271

3,148

3,449

3,130

3,144

3,451

2,775

2,874

2,749

2,445

2,622

2,654

2,783

0

0

0

Income taxes

5,066

6,096

5,336

6,537

9,938

10,983

9,853

7,611

4,142

3,063

8,605

10,100

11,505

-

12,100

-

12,394

-

10,686

0

8,730

11,438

11,300

13,243

13,963

13,378

13,709

12,920

13,379

18,536

15,863

15,639

16,481

11,973

13,699

14,871

14,671

12,211

8,021

9,257

0

0

0

Noncash investing and financing
Equipment acquired through finance lease obligations

9,083

9,502

6,531

5,186

5,344

4,845

4,211

3,532

3,105

3,185

3,389

3,906

6,665

-

8,400

-

8,754

-

8,248

0

6,486

6,053

6,716

8,031

8,393

11,121

10,507

11,031

9,130

4,869

4,806

3,886

3,787

5,500

7,461

9,504

11,338

10,136

9,418

6,403

0

0

0

Issuance of notes payable and other debt obligations primarily related to acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

481

-

331

-

0

-

-8

-20

-28

20,480

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

10,407

0

0

0