MUELLER INDUSTRIES INC MLI Cash Flow

Mueller industries inc (MLI)

CashFlow / Quarterly

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	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities
Consolidated net income
33,951	29,973	30,444	28,676	17,139	27,731	20,863	33,882	24,344	5,969	22,754	27,833	30,455	16,768	26,062	28,259	28,665	14,110	18,095	33,862	22,340	18,049	24,322	35,209	24,954	15,020	39,993	91,842	26,434	16,746	15,570	18,540	32,817	13,072	10,741	22,731	40,542	17,952	18,747	16,037	34,799
Reconciliation of consolidated net income to net cash provided by (used in) operating activities:
Depreciation and amortization
11,119	5,205	10,903	10,557	10,635	5,780	10,698	9,086	9,536	5,361	8,346	8,674	8,419	3,533	9,105	9,151	9,011	5,424	8,839	8,278	8,015	4,317	9,048	8,675	8,165	6,363	7,934	8,399	8,250	6,613	7,870	8,222	7,621	8,122	8,845	9,230	9,769	9,106	9,996	10,165	10,389
Insurance proceeds - noncapital related
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	5,250	0	9,000	0	10,000	0	0	0	0	0	5,561
Stock-based compensation expense
1,985	2,389	2,053	2,295	2,007	2,082	2,047	1,994	1,912	1,895	1,863	1,956	1,736	1,834	1,679	1,638	1,236	1,633	1,645	1,617	1,349	1,308	1,431	2,332	1,194	1,144	1,234	2,380	946	3,094	981	1,163	898	899	871	948	764	692	750	731	704
Recovery of doubtful accounts receivable
1,100	-	-	-	-38	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from unconsolidated affiliates
-6,115	-854	-2,528	-5,843	-15,369	923	-3,100	-148	-10,320	-331	-394	-109	-1,243	-1,188	1,122	-995	2,922	2,191	-2,191	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance settlements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,000	0	0	-1,500	0	0	0	0	-1,452	12	1,210	-22,506
Loss on disposals of properties
-32	939	-13	74	-37	6	2,893	-3,322	676	598	107	-97	16	-96	192	532	23	-15,436	-517	15,393	-1	4,259	-79	-188	1,413	38,984	332	-19	3,003	-1,236	-69	-80	-26	103	-176	7	268	-1,008	88	170	-6
Gain on sales of securities
-	-	-	-	-	-	-	-	-	-	0	357	254	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment charges
3,035	-	-	-	0	-	-	-	3,469	1,055	0	411	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax benefit from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	90	96	19	807	77	69	8	513	160	156	49	575	65	30	2,011	434	62	21	-14	777	90	0	-56	-1	-77	-11
Deferred income tax expense (benefit)
213	1,165	-1,526	158	-225	1,672	-242	-320	-940	-3,784	621	83	-80	507	2,943	1,653	1,895	-7,556	-6,817	-875	-570	413	-385	-5,039	-1,484	5,061	1,684	13,781	-1,313	-3,603	5,249	-460	-2,470	-1,405	-236	-625	-1,924	1,759	-4,016	-747	-3,623
Changes in assets and liabilities, net of effects of business acquired:
Receivables
46,291	-53,938	5,288	8,116	34,029	-30,859	-48,144	17,502	72,843	-31,580	-13,749	-6,648	53,756	-29,278	-6,554	27,245	25,089	-46,411	-29,553	-12,388	36,692	-41,422	-37,559	50,931	49,482	-57,753	3,275	-7,585	42,680	7,911	-40,047	-11,166	66,992	-67,196	-16,530	-25,964	80,974	97,304	10,009	-30,130	-30,689
Inventories
-17,450	11,424	-20,905	-43,415	13,335	21,204	-15,359	-29,853	-3,504	45,366	30,046	3,883	6,991	-7,576	2,090	-2,807	1,631	-11,185	-35,153	12,786	-7,534	-16,249	-5,751	10,564	10,055	-10,529	9,271	-4,493	-212	5,419	-9,640	-4,689	13,744	5,246	-68,534	65,495	13,471	14,448	-1,996	1,048	3,748
Other assets
-8,010	8,154	2,868	-2,913	7,530	-3,103	1,155	8,562	-20,967	1,953	-1,351	5,928	-1,205	8,620	2,581	-17,379	370	-8,147	2,661	2,294	-9,257	8,380	6,386	-5,581	14,467	4,324	-5,192	2,891	-2,585	6,551	7,063	77	1,294	-9,723	4,865	7,038	-2,640	-9,132	-821	41	6,938
Current liabilities
-10,821	-8,763	11,422	6,150	-15,885	-7,733	3,619	12,332	-23,898	-10,289	22,229	-9,477	8,215	21,644	-14,684	-1,969	655	-18,005	-7,951	-12,240	-7,389	14,524	-16,048	8,710	-1,337	-33,788	13,499	11,515	-5,365	29,488	-30,241	-15,567	24,688	-5,737	-3,496	-53,188	70,387	-16,649	-4,567	-4,770	30,899
Other liabilities
-1,643	-832	-5,627	-2,226	741	-907	-12,501	484	-1,845	1,562	-412	-418	-668	3,619	-661	-736	-704	-304	1,155	-284	-131	-1,426	96	96	-989	-1,638	126	330	-753	1,511	7,549	134	151	-3,500	1,139	1,852	-1,084	-3,462	-31	2,715	155
Other, net
-3,796	-369	-485	973	-441	-39	-743	-1,486	365	-132	-113	148	930	-1,139	-522	-219	291	-1,462	594	-494	-245	-821	-131	306	-398	-197	-88	-618	198	106	-1,001	-232	-38	-763	-326	-981	548	26	138	-643	280
Net cash provided by (used in) operating activities
28,051	68,617	67,944	88,656	-24,673	45,377	86,296	62,734	-26,515	-9,547	40,995	23,969	-11,422	87,192	28,721	31,529	10,336	64,141	78,318	13,260	3,890	86,401	55,085	-6,209	-44,672	58,523	20,836	64,069	-14,915	35,531	55,488	28,060	-10,782	84,865	107,788	-64,737	25,833	-4,339	28,308	-4,250	36,638
Cash flows from investing activities
Capital expenditures
17,094	11,000	7,128	6,200	6,834	21,796	5,803	5,365	5,517	28,834	5,389	4,563	7,345	21,865	5,384	4,356	5,892	6,332	6,533	8,577	7,392	10,767	9,573	9,634	9,199	7,947	11,715	11,852	9,835	12,984	20,408	14,093	9,340	5,623	4,385	3,693	5,050	4,468	4,924	4,807	4,479
Acquisition of business, net of cash acquired
15,407	0	0	-3,465	0	0	155,210	1	12,466	0	-23	18,419	0	-	-	-	-	-	-	-	-	0	0	0	30,137	55,276	0	0	0	-	-	-	-	0	0	13,764	-6,882	0	2,021	0	0
Proceeds from sales of securities
-	-	-	-	-	-	-	-	-	-	0	343	1,444	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance proceeds - capital related
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	9,750	0	32,500	0	0	0	0	1,095	0	0	17,703
Investments in unconsolidated affiliates
0	5,000	500	2,500	8,000	1,000	0	0	609	0	1,700	1,617	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of assets
0	2,855	34	347	4	10	7,317	10,668	708	19,832	10,369	1,171	192	5,003	3,819	1,481	1	17	3	5,026	492	28,868	46	41	4,833	181	61,950	14	3,002	15	327	88	87	239	1,594	19	132	45	3	15	8
Net withdrawals from (deposits to) restricted cash balances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	331	-1,424	-84	-2,511	1,664	-16,079	12,593	5,409	-692	-44	-1,771	-1,056	-2,248	-10,079	14,800	-2,335	-2,540	-2,202	-2,166	-2,065	1,243	4,138	-261	1,805	-1,638	2,513	-2,524
Net cash used in investing activities
-32,501	-13,145	-7,594	-4,888	-14,830	-20,818	-153,696	5,302	-17,884	-28,272	3,303	-5,602	-5,709	-18,039	-1,896	-21,984	-5,807	-2,343	-145,521	-23,450	-19,493	12,692	-8,835	-9,549	-32,732	-61,986	52,483	28,151	-21,633	-10,692	-19,294	-11,803	25,413	-3,319	-4,034	-7,812	-11,539	-5,133	-5,304	-7,305	15,756
Cash flows from financing activities
Dividends paid to stockholders of Mueller Industries, Inc.
0	5,587	5,587	5,577	5,574	5,654	5,691	5,681	5,679	5,703	5,702	5,691	179,848	5,669	5,668	5,651	4,236	4,234	4,234	4,219	4,216	4,213	4,212	4,198	4,196	3,492	3,489	3,481	3,479	3,476	3,810	3,803	3,802	3,801	3,799	3,774	3,772	3,774	3,771	3,770	3,759
Repayment of debt by consolidated joint ventures, net
-	-47	220	2,011	2,121	-63	-122	-242	3,342	-82	131	10,687	-7,367	-2,741	580	11,450	-7,024	-1,970	-3,847	-13,933	-3,817	10,428	-12,073	10,310	-1,407	-4,083	-10,604	-10,516	26,060	14,526	-13,113	-16,741	899	-13,154	2,818	6,809	9,689	7,945	-17,528	12,995	3,436
Repurchase of common stock
5,574	0	0	0	1,763	26,987	0	0	6,575	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of long-term debt
110,000	0	20	81	100,557	10,102	884	151,493	41,754	71,475	0	0	0	1,500	0	0	2,000	0	0	0	0	-12,008	-10,627	18,262	4,373	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of long-term debt
20,572	55,413	40,391	80,442	30,472	32,484	102,411	21,204	15,903	10,307	100,306	305	306	305	269	250	250	250	250	250	250	250	300	250	250	250	250	250	250	250	250	148,426	250	-1,152	1,652	250	0	-	-	-	-
Issuance (repayment) of debt by consolidated joint ventures, net
189	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash received (used) to settle stock-based awards
464	156	942	-48	175	0	829	-53	-50	-49	859	-85	870	-50	1,682	35	-361	42	593	32	93	1,664	-1,183	72	224	109	-597	195	65	-3,441	-927	114	73	205	3,082	585	7	-35	-2	1,745	720
Income tax benefit from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	90	96	19	807	77	69	8	513	160	156	49	575	65	30	2,011	434	62	21	-14	777	90	0	56	1	77	11
Debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	50	1,053	0	0	0	0	0	3,884	-1,942	0	0	0	0
Net cash provided by financing activities
84,507	-61,955	-50,290	-87,901	60,452	-54,960	-107,925	124,311	10,305	55,596	-106,998	-4,773	-188,391	-8,122	-10,990	5,604	-9,053	-6,477	-8,367	-18,293	-8,121	-5,867	-27,882	24,298	-1,100	-7,667	-14,365	-13,987	22,376	8,319	-245,114	-168,794	-3,059	-15,612	1,226	3,460	3,982	3,536	-21,310	11,788	-408
Effect of exchange rate changes on cash
-6,135	2,022	-1,629	-801	919	-1,510	-74	-1,657	1,289	-1,521	950	1,017	2,499	-2,175	-1,203	-2,137	-171	-1,222	-2,832	736	-1,516	-950	-709	184	179	753	1,556	-432	-896	21	995	-668	1,151	-625	-1,166	206	1,507	-41	1,267	558	-1,623
(Decrease) increase in cash, cash equivalents, and restricted cash
73,922	-4,461	8,431	-4,934	21,868	-31,911	-175,399	190,690	-32,805	16,256	-61,750	14,611	-203,023	58,856	14,632	13,012	-4,695	54,099	-78,402	-27,747	-25,240	92,276	17,659	8,724	-78,325	-10,377	60,510	77,801	-15,068	33,179	-207,925	-153,205	12,723	65,309	103,814	-68,883	19,783	-5,977	2,961	-25	51,179