Mobile mini inc (MINI)
CashFlow / Quarterly
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'11Dec'10Sep'10Jun'10Mar'10
Cash flows from operating activities:
Net income

8,301

29,016

22,575

14,058

18,085

14,248

-52,165

15,000

14,855

92,071

11,228

8,777

10,152

19,469

12,709

4,072

10,998

9,505

13,979

9,416

-27,326

12,863

14,820

9,263

7,440

11,958

14,303

-14,381

12,042

11,258

10,398

7,312

5,210

8,772

9,731

7,942

4,151

587

5,469

4,779

2,410

Adjustments to reconcile net income to net cash provided by operating activities:
Debt extinguishment expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-1,334

-

-

-

-

Deferred financing costs write-off

-

0

0

0

123

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,197

0

692

-

-

-

-

-

-

-

-

Asset impairment charge, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

64,726

-

-

-

283

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for doubtful accounts

955

1,644

1,932

1,091

1,212

432

14

1,005

961

1,861

974

1,038

1,164

1,872

1,644

1,443

1,203

879

932

725

1,169

720

708

802

547

1,193

573

326

389

1,256

361

351

211

831

889

433

499

213

690

374

615

Amortization of deferred financing costs

455

454

443

435

505

515

515

515

515

515

515

515

515

519

509

480

468

747

798

797

789

721

703

702

703

703

703

702

703

700

738

798

981

1,019

1,019

1,019

1,018

936

892

751

1,114

Amortization of debt issuance discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

7

21

21

21

21

21

23

-

-

-

-

Amortization of long-term liabilities

-

0

0

0

13

36

37

36

36

32

33

33

32

29

29

29

29

25

25

26

25

-36

41

42

41

41

42

41

45

42

41

43

41

54

55

60

61

69

68

-203

338

Share-based compensation expense

2,682

2,287

2,497

6,933

3,404

3,001

2,230

3,407

2,229

1,483

2,070

2,509

1,311

878

2,276

1,681

2,564

2,994

4,096

3,487

3,250

3,498

4,432

2,977

4,164

3,945

5,390

3,743

1,636

3,899

2,090

1,730

1,856

1,895

1,840

1,396

1,325

1,387

1,882

1,607

1,416

Depreciation and amortization

17,492

17,623

17,490

18,135

17,335

16,794

16,191

17,192

16,823

16,431

15,935

15,742

15,264

16,104

16,184

16,269

15,177

15,269

14,998

14,538

15,539

11,414

9,470

9,305

9,145

9,040

8,942

8,833

8,811

9,091

8,951

9,131

9,014

8,963

8,889

9,018

8,795

8,758

8,748

9,040

9,140

Gain on sale of rental fleet

1,444

1,313

1,569

1,616

1,425

1,532

1,263

1,727

1,533

1,384

1,447

1,123

1,703

1,244

1,446

1,404

1,378

1,206

1,553

1,671

1,972

1,236

2,001

784

1,711

1,984

2,250

2,381

3,067

2,330

2,895

3,442

3,114

3,134

3,547

4,026

3,093

-

-

-

-

Loss on disposal of property, plant and equipment

-26

-54

56

-84

-18

-52

-71

-143

-334

-45

-190

-264

-18

-196

-400

-351

-338

-153

-553

-1,147

-335

-529

540

-287

-72

-303

118

-90

28

-133

219

31

13

-

-

-

-21

-113

-3

-1,944

2,026

(Gain) loss on disposal of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

Deferred income taxes

4,386

7,450

5,769

5,028

5,058

10,368

-20,144

2,856

4,397

-65,147

6,016

4,208

4,943

7,186

5,906

1,982

6,560

457

7,334

4,813

-18,233

8,091

8,144

5,235

3,954

6,763

5,229

-8,236

7,256

6,506

3,996

4,370

3,235

4,639

4,040

4,820

2,568

-57

3,579

2,742

1,456

Foreign currency exchange

-3

-95

-13

-167

1

-5

24

-21

66

4

-2

-18

-9

-

-

-

-

-

-

-

-

0

0

0

-1

0

-2

0

1

0

-2

-2

-1

-5

0

-1

-1

0

-23

6

8

Changes in certain assets and liabilities:
Receivables

-3,365

-1,935

2,501

-5,056

-16,180

12,982

6,048

8,467

-5,486

12,494

8,768

2,799

-8,384

8,222

6,803

13,924

-1,628

-2,294

6,973

-1,131

636

-2,687

7,274

3,387

-778

-1,336

3,760

2,038

-501

-2,571

7,482

2,919

-2,752

-1,163

4,645

4,577

-1,259

-681

3,663

4,074

-3,087

Inventories

154

-458

-478

-1,268

-76

-516

127

-272

1,067

-1,353

539

-116

1,020

-3,278

890

1,933

-143

-1,820

125

907

-157

-1,555

-1,070

173

-228

-2,004

795

848

754

-2,315

26

-365

1,302

1,666

-791

-527

894

-913

-687

-158

-748

Deposits and prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-936

580

1,276

-634

-436

-254

671

387

-1,033

303

-194

-154

-60

-1,158

305

1,336

-598

-3,176

952

Other assets

-1,381

863

-2,155

-588

1,394

1,049

-1,479

2,151

-2,547

138

-2,297

1,679

1,115

502

-80

-1,331

849

-4,560

2,484

3,386

-455

1,427

-39

6

5

2

-19

103

-96

-103

159

-132

237

-63

-22

44

74

-172

210

-20

182

Accounts payable

9,490

372

-364

4,774

-1,741

-308

332

207

2,678

-1,785

-1,008

-2,775

583

-3,713

-1,813

8,271

-2,506

-2,016

1,801

3,787

1,033

-5,829

2,675

-630

3,061

-2,431

1,335

552

881

-2,576

-1,121

2,056

-243

703

4,271

410

1,631

157

-909

827

-775

Accrued liabilities

-13,715

1,607

2,485

5,768

-18,665

9,920

6,892

6,712

-13,264

6,975

5,113

5,654

-5,814

4,606

2,521

-686

906

-9,564

9,439

-2,878

-839

-1,588

5,250

-854

-613

-3,241

4,162

-841

-1,244

7

5,067

-4,890

-452

-2,421

7,006

-5,534

2,454

-2,233

-1,723

2,662

-8,044

Net cash provided by operating activities

33,223

60,819

51,347

61,769

38,783

43,878

46,268

35,021

34,931

39,814

32,611

30,498

32,723

40,223

31,311

29,429

35,281

39,093

42,820

32,429

38,472

32,867

38,473

22,473

26,812

30,637

33,460

25,417

26,597

32,585

24,791

14,726

18,847

21,165

30,427

12,603

20,774

18,632

14,038

17,885

10,250

Cash flows from investing activities:
Cash paid for business acquired, net of cash acquired

4,808

-

-

-

-

-

-

-

-

-

-

-

-

7,359

0

0

9,206

-97

17,422

0

1,200

410,932

3,754

12,043

4,217

-

-

-

-

0

0

0

3,563

-

-

-

-

-

-

-

-

Additions to rental fleet, excluding acquisitions

10,051

9,604

14,850

23,381

23,016

20,341

27,144

23,087

15,389

17,743

22,918

13,021

10,006

10,892

18,322

17,274

10,884

21,192

25,731

17,329

10,480

10,969

8,160

4,072

4,078

5,215

9,314

7,970

6,327

11,151

13,457

9,506

9,820

10,267

8,381

7,659

3,517

3,871

3,985

3,415

3,832

Proceeds from sale of rental fleet

3,474

2,944

3,728

3,716

3,338

3,546

3,770

3,833

3,844

3,351

3,319

1,661

4,622

2,909

3,361

3,439

3,970

3,565

3,925

4,533

4,842

5,240

5,794

6,392

5,627

10,540

9,482

6,049

9,880

5,959

7,282

8,464

7,653

8,363

9,810

9,825

8,203

8,594

7,443

7,384

5,439

Additions to property, plant and equipment, excluding acquisitions

4,174

3,357

3,482

3,516

2,919

2,296

5,554

4,329

4,752

7,306

4,109

4,959

3,748

4,909

6,487

10,953

8,310

13,245

6,306

7,371

4,241

4,102

6,936

2,113

2,628

5,141

997

5,374

4,280

1,570

2,616

5,596

2,959

2,905

1,793

3,609

3,191

4,784

1,513

1,701

557

Proceeds from sale of property, plant and equipment

15

-

-

-

49

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of property, plant and equipment

-

-

-

-

-

-

-

288

179

-

12

700

68

395

754

775

840

7,413

770

1,070

607

825

1,923

543

908

957

555

237

221

69

1,113

151

164

25

51

15

26

29

35

37

48

Net cash used in investing activities

-15,544

-17,895

-19,167

-23,097

-22,548

-12,366

-25,284

-23,295

-16,118

-21,627

-23,696

-15,619

-9,064

-19,856

-20,694

-24,013

-23,590

-23,381

-45,965

65,403

-10,472

-419,938

-11,133

-11,293

-4,388

1,818

-274

-7,058

-506

-6,693

-7,678

-6,487

-8,525

-12,567

-313

-1,428

1,521

-32

1,980

2,305

1,098

Cash flows from financing activities:
Net borrowings under lines of credit

2,100

-28,602

3,901

-13,598

203

-16,728

-7,432

-4,187

-12,443

-6,594

3,228

-1,175

-2,334

-10,377

4,790

-26,113

5,152

4,328

32,644

-70,645

-4,137

398,130

7,263

-2,882

-16,307

-39,343

-30,605

-22,490

-30,638

-26,814

135,670

-7,825

-3,789

-12,028

-31,676

-11,317

3,288

-36,229

-13,757

-33,770

6,983

Proceeds from issuance of 5.875% senior notes due 2024

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

94

Redemption of 7.875% senior notes due 2020

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

22,272

-

-

-

-

Redemption of senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

6,000

Redemption premiums of senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,086

-

-

-

-

Deferred financing costs

-

30

159

78

3,254

-

-

-

-

0

0

-1

13

17

436

4,723

193

4,570

0

13

100

-

-

-

-

-

-

-

-

36

532

89

7,418

-

-

-

-

-

-

-

-

Principal payments on finance lease obligations

3,204

2,523

3,026

2,555

2,586

3,063

2,580

2,113

1,990

1,892

1,790

1,976

1,760

1,827

1,773

1,487

1,433

1,370

1,066

968

849

610

580

399

367

119

98

96

95

185

215

283

264

289

284

326

389

382

375

367

361

Principal payments on notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

45

133

132

87

78

116

122

78

93

104

92

96

301

563

343

Issuance of common stock

753

802

510

114

1,690

0

1,123

969

1,525

1,115

3,045

0

1,640

-

-

-

-

33

197

1,441

32

1,070

510

113

1,949

7,351

72

3,412

2,983

1,649

150

124

1,722

4,776

29

38

446

939

206

489

227

Dividend payments

13,575

12,018

12,175

12,263

12,426

11,218

11,192

11,066

11,054

10,051

10,001

9,974

10,145

9,075

9,091

9,084

9,152

8,392

8,344

8,455

8,509

7,801

7,864

7,870

7,849

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of treasury stock

900

11

18,482

10,006

1,057

27

128

7

533

8

375

345

7,639

4,155

39

12

7,084

6,014

22,337

18,198

15,284

540

25,004

56

407

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-14,826

-42,382

-29,431

-38,386

-17,430

-31,036

-20,209

-16,404

-24,495

-17,430

-5,893

-13,469

-20,251

-25,339

-6,285

-519

-12,710

-15,985

1,094

-96,838

-28,847

389,530

-25,675

-11,094

-22,981

-32,480

-30,676

-19,307

-27,882

-25,075

-17,584

-8,189

-9,871

-7,225

-32,024

-11,709

-20,105

-19,819

-14,301

-20,245

-13,366

Effect of exchange rate changes on cash

-111

216

-141

105

-114

194

128

947

-6

85

313

255

64

-413

-149

-192

40

173

60

-338

156

-332

-621

-85

-132

-787

-1,076

82

1,354

204

-1,560

860

-1,274

481

819

242

-1,435

754

-1,959

-122

2,796

Net increase (decrease) in cash

2,742

758

2,608

391

-1,309

670

903

-3,731

-5,688

842

3,335

1,665

3,472

-5,385

4,183

4,705

-979

-100

-1,991

656

-691

2,127

1,044

1

-689

-812

1,434

-866

-437

1,021

-2,031

910

-823

1,854

-1,091

-292

755

-465

-242

-177

778

Supplemental disclosure of cash flow information:
Cash paid for interest

12,608

5,994

13,961

5,919

14,276

6,226

13,576

5,829

12,348

4,650

12,192

4,516

13,671

3,666

3,889

10,113

3,878

11,950

4,517

11,715

4,190

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for income and franchise taxes

1,913

1,481

1,357

1,742

2,020

1,666

939

1,287

120

-

-

-

-

392

229

1,083

68

1,661

1,581

1,420

273

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equipment and other acquired through finance lease obligations

4,343

9,275

6,136

4,710

1,609

4,568

9,296

3,553

2,897

2,891

4,277

454

1,879

0

4,693

8,797

5,461

0

11,171

4,266

2,201

5,017

4,205

5,303

1,983

7,055

1,492

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures accrued or payable

5,053

481

-1,418

-1,484

8,012

978

2,584

577

6,613

-1,661

663

2,727

5,541

-1,823

-454

-3,605

9,112

-7,200

1,540

246

9,624

-1,802

1,217

158

1,246

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest rate swap changes in value credited to equity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,640

1

-662

-655

6,252

-957

-933

-739