Mcgrath rentcorp (MGRC)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash Flows from Operating Activities:
Net income

98,516

96,806

94,654

86,965

83,389

79,406

172,881

164,864

160,413

153,920

45,930

42,040

39,658

38,251

40,035

40,779

40,190

40,470

42,839

42,969

44,684

45,709

43,583

42,410

42,053

43,397

43,572

43,450

44,081

44,777

46,068

48,972

49,899

49,602

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

92,238

89,476

87,039

84,774

83,147

81,975

80,887

79,952

78,939

78,416

78,076

78,514

79,724

81,179

82,505

83,526

84,234

84,280

84,045

83,314

82,099

81,125

80,135

79,186

77,973

76,849

75,908

74,782

73,768

72,476

71,314

70,098

68,737

67,395

0

0

0

Impairment of rental assets

-

-

-

-

-

39

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for doubtful accounts

1,413

1,013

939

771

746

581

622

1,064

1,226

1,480

1,681

1,502

1,683

1,892

2,336

2,446

2,314

2,149

1,524

1,501

1,702

1,825

2,277

2,247

1,904

2,144

3,835

3,873

4,586

4,263

2,157

2,231

1,722

1,755

0

0

0

Share-based compensation

6,231

5,900

5,386

5,018

4,628

4,100

3,765

3,490

3,258

3,200

3,009

3,043

3,041

3,091

2,863

3,032

3,324

3,399

3,707

3,823

3,830

3,854

3,308

3,409

3,509

3,680

4,068

4,018

3,972

3,840

4,666

5,171

5,191

5,221

0

0

0

Gain on sale of used rental equipment

21,482

21,309

19,683

18,852

20,326

19,559

19,771

19,694

18,638

17,733

15,947

15,371

13,716

13,739

13,634

12,619

11,999

11,902

13,657

14,489

15,737

15,368

13,940

13,279

12,257

13,091

12,936

12,677

12,650

12,389

12,112

11,916

12,462

12,444

0

0

0

Foreign currency exchange loss (gain)

-401

84

-30

-27

-408

-489

-444

-279

76

334

93

42

-46

-121

25

-161

-169

-488

-672

-574

-411

-331

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt issuance costs

11

11

10

10

10

20

30

40

50

50

50

50

51

51

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in:
Accounts receivable

7,067

7,323

23,140

16,694

22,013

15,725

8,298

9,620

6,766

10,475

5,336

2,427

2,598

3,752

-966

4,586

5,090

-3,628

5,652

6,529

8,130

15,607

13,028

4,045

-2,051

-2,462

-4,394

4,757

7,019

3,848

13,564

9,803

11,392

17,938

0

0

0

Income taxes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-11,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,131

0

0

0

Prepaid expenses and other assets

1,647

13,530

10,890

15,659

17,568

9,351

5,810

2,975

-1,357

-3,124

-584

2,757

266

-3,219

-1,379

-2,066

-8,735

-12,910

-1,670

3,260

9,991

13,528

9,455

10,384

11,206

8,265

-7,289

-6,984

-7,347

2,337

13,846

3,894

4,439

3,226

0

0

0

Accounts payable and accrued liabilities

3,967

20,298

17,544

17,221

12,620

-1,612

4,083

2,970

3,655

4,015

7,417

6,745

10,862

10,426

2,332

834

249

-1,812

2,237

10,141

1,501

10,662

5,052

2,646

1,374

6,506

1,823

-1,086

4,790

-3,421

-1,172

-411

7,749

5,715

0

0

0

Deferred income

3,603

5,138

12,463

22,313

19,453

10,258

5,772

1,540

-1,385

1,720

709

4,184

3,063

1,211

1,307

8,623

7,465

7,149

7,397

3,643

7,671

5,136

5,632

147

1,046

-2,921

-8,499

-2,778

-6,414

1,857

10,211

-2,267

-1,255

1,277

0

0

0

Deferred income taxes

-10,998

-11,606

-18,333

-14,984

-13,560

-12,035

98,193

96,830

95,998

96,631

-479

-2,227

-5,443

-7,745

-28,778

-27,068

-19,518

-14,449

-13,831

-11,350

-12,312

-19,645

-15,667

-20,904

-23,351

-22,693

-15,839

-15,521

-20,093

-21,198

-22,102

-24,954

-25,643

-25,823

0

0

0

Net cash provided by operating activities

187,170

187,994

182,696

180,889

158,021

142,667

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

115,824

123,135

129,393

129,311

0

0

0

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

126,991

-

148,933

151,408

149,174

144,260

138,627

133,051

119,554

122,986

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash Flows from Investing Activities:
Purchases of rental equipment

168,945

167,703

165,656

155,110

133,035

123,071

106,044

107,123

102,833

94,579

87,882

79,441

72,138

79,038

90,502

105,515

123,877

131,037

144,109

155,329

150,412

152,197

152,135

144,475

139,219

132,611

119,034

114,765

121,917

131,805

140,483

157,084

160,056

154,963

0

0

0

Purchases of property, plant and equipment

12,523

12,080

9,988

13,208

15,750

15,664

14,354

11,411

11,449

14,617

13,304

11,473

15,502

10,548

11,304

12,187

7,197

9,321

11,707

12,471

12,933

12,740

13,089

13,918

13,232

11,973

11,098

9,434

13,891

14,161

13,048

15,259

12,055

17,204

0

0

0

Proceeds from sales of used rental equipment

45,570

44,447

42,563

40,854

43,312

41,786

39,933

41,499

40,546

38,344

33,847

32,404

28,813

29,406

30,570

27,458

26,201

26,214

29,373

30,614

32,237

32,556

30,870

32,764

33,005

33,380

35,788

33,137

30,999

30,970

27,507

26,956

28,115

28,453

0

0

0

Net cash used in investing activities

-143,706

-143,144

-140,482

-135,007

-113,016

-104,492

-88,008

-77,035

-73,736

-70,852

-67,339

-58,510

-58,827

-60,180

-71,236

-90,244

-104,873

-114,144

-126,443

-137,186

-128,607

-129,880

-131,853

-123,128

-119,446

-111,204

-94,344

-91,062

-104,809

-114,996

-126,024

-145,387

-143,996

-143,714

0

0

0

Cash Flows from Financing Activities:
Net repayment under bank lines of credit

2,069

-5,144

-7,548

-12,992

8,858

15,130

5,860

4,533

-3,297

-2,902

-2,219

-12,884

-21,980

-35,066

-76,706

-13,922

4,996

18,963

79,833

50,177

52,842

12,475

21,378

8,125

-33,170

-11,997

-33,291

-29,125

-10,867

5,500

24,620

37,500

-61,653

-57,140

0

0

0

Repurchase of common stock

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

63,953

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings under Series C senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt issuance cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

37

728

728

1,228

2,149

2,869

2,885

2,611

1,729

1,188

1,875

11,179

15,067

16,466

16,249

6,658

5,841

6,985

6,577

7,606

5,261

0

0

0

Excess tax benefit (shortfall) from exercise of stock awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

857

962

1,333

1,822

1,298

1,104

1,122

1,329

1,534

1,747

1,118

1,033

1,416

968

1,425

980

0

0

0

Taxes paid related to net share settlement of stock awards

2,179

3,333

2,117

2,028

3,841

3,257

3,713

4,545

2,900

2,072

2,061

1,120

1,086

1,287

1,420

1,462

1,322

1,560

911

1,165

2,029

3,959

5,145

4,995

4,165

2,395

0

0

0

-

-

-

-

-

-

-

-

Payment of dividends

36,660

35,539

34,652

33,775

32,887

30,939

28,967

26,987

25,021

24,876

24,727

24,585

24,467

24,448

24,400

24,856

25,276

25,779

26,090

25,894

25,701

25,551

25,354

25,147

24,852

24,423

24,088

23,761

23,531

23,126

22,904

22,683

22,453

22,252

0

0

0

Net cash used in financing activities

-44,622

-44,016

-44,317

-48,795

-47,870

-39,066

-46,820

-46,999

-51,218

-49,850

-49,007

-58,589

-67,533

-80,764

-77,354

-60,672

-43,982

-30,180

-12,188

3,859

8,692

6,516

0

0

0

-

-

-

-27,614

-11,002

9,910

22,155

12,718

14,642

0

0

0

Effect of foreign currency exchange rate changes on cash

0

-

-6

-75

-141

-102

-230

-109

11

-38

64

24

-13

-2

0

0

0

-

-13

-126

-73

-85

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash

-1,100

834

-2,109

-2,988

-3,006

-993

3,030

2,613

2,768

1,649

277

633

618

-251

335

499

285

-64

-17

-402

-434

-463

123

434

750

18

289

367

96

383

-290

-97

-1,885

239

0

0

0

Supplemental Disclosure of Cash Flow Information:
Interest paid, during the period

12,506

12,475

12,764

12,685

12,889

12,598

12,455

12,131

12,059

11,825

11,957

11,607

11,753

12,436

11,859

11,791

11,019

10,041

9,982

9,772

9,925

9,074

9,522

8,680

8,694

8,813

8,860

8,822

9,312

9,107

9,026

8,835

6,613

6,877

0

0

0

Net income taxes paid, during the period

17,181

17,528

12,132

12,655

17,295

18,157

22,049

23,038

25,511

29,504

31,314

28,017

20,414

15,555

8,009

6,687

2,888

2,498

8,821

15,239

22,252

22,275

18,838

12,821

9,894

11,074

9,139

9,405

6,162

5,842

5,849

5,334

4,786

-1,480

0

0

0

Dividends Accrued During the Period, not yet paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

6,336

6,633

6,630

5,952

0

0

0

Rental equipment acquisitions, not yet paid

2,029

6,496

9,502

11,424

13,769

9,695

9,426

7,247

5,822

6,405

5,810

5,300

6,637

2,876

5,261

2,825

812

7,280

-2,006

1,299

7,698

4,942

13,821

16,679

9,337

8,533

4,990

-1,611

-1,531

4,491

9,509

6,363

10,237

8,186

0

0

0