MUELLER INDUSTRIES INC MLI Cash Flow

Mueller industries inc (MLI)

CashFlow / TTM

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
123,044	106,232	103,990	94,409	99,615	106,820	85,058	86,949	80,900	87,011	97,810	101,118	101,544	99,754	97,096	89,129	94,732	88,407	92,346	98,573	99,920	102,534	99,505	115,176	171,809	173,289	175,015	150,592	77,290	83,673	79,999	75,170	79,361	87,086	91,966	99,972	93,278	87,535	0	0	0
Reconciliation of consolidated net income to net cash provided by (used in) operating activities:
Depreciation and amortization
37,784	37,300	37,875	37,670	36,199	35,100	34,681	32,329	31,917	30,800	28,972	29,731	30,208	30,800	32,691	32,425	31,552	30,556	29,449	29,658	30,055	30,205	32,251	31,137	30,861	30,946	31,196	31,132	30,955	30,326	31,835	32,810	33,818	35,966	36,950	38,101	39,036	39,656	0	0	0
Insurance proceeds - noncapital related
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,250	14,250	19,000	19,000	10,000	10,000	0	0	5,561	0	0	0
Stock-based compensation expense
8,722	8,744	8,437	8,431	8,130	8,035	7,848	7,664	7,626	7,450	7,389	7,205	6,887	6,387	6,186	6,152	6,131	6,244	5,919	5,705	6,420	6,265	6,101	5,904	5,952	5,704	7,654	7,401	6,184	6,136	3,941	3,831	3,616	3,482	3,275	3,154	2,937	2,877	0	0	0
Recovery of doubtful accounts receivable
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from unconsolidated affiliates
-15,340	-24,594	-22,817	-23,389	-17,694	-12,645	-13,899	-11,193	-11,154	-2,077	-2,934	-1,418	-2,304	1,861	5,240	1,927	2,922	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance settlements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,500	-1,500	-1,500	-1,500	0	-1,452	-1,440	-230	-22,736	0	0	0
Loss on disposals of properties
968	963	30	2,936	-460	253	845	-1,941	1,284	624	-70	15	644	651	-14,689	-15,398	-537	-561	19,134	19,572	3,991	5,405	40,130	40,541	40,710	42,300	2,080	1,679	1,618	-1,411	-72	-179	-92	202	-909	-645	-482	-756	0	0	0
Gain on sales of securities
-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment charges
0	-	-	-	0	-	-	-	4,935	1,466	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax benefit from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,012	999	972	961	667	750	837	878	940	845	719	2,681	2,540	2,537	2,528	503	846	874	853	811	33	-134	-145	0	0	0
Deferred income tax expense (benefit)
10	-428	79	1,363	885	170	-5,286	-4,423	-4,020	-3,160	1,131	3,453	5,023	6,998	-1,065	-10,825	-13,353	-15,818	-7,849	-1,417	-5,581	-6,495	-1,847	222	19,042	19,213	10,549	14,114	-127	-1,284	914	-4,571	-4,736	-4,190	-1,026	-4,806	-4,928	-6,627	0	0	0
Changes in assets and liabilities, net of effects of business acquired:
Receivables
5,757	-6,505	16,574	-36,858	-27,472	11,342	10,621	45,016	20,866	1,779	4,081	11,276	45,169	16,502	-631	-23,630	-63,263	-51,660	-46,671	-54,677	8,642	21,432	5,101	45,935	-12,581	-19,383	46,281	2,959	-622	23,690	-51,417	-27,900	-42,698	-28,716	135,784	162,323	158,157	46,494	0	0	0
Inventories
-70,346	-39,561	-29,781	-24,235	-10,673	-27,512	-3,350	42,055	75,791	86,286	33,344	5,388	-1,302	-6,662	-10,271	-47,514	-31,921	-41,086	-46,150	-16,748	-18,970	-1,381	4,339	19,361	4,304	-5,963	9,985	-8,926	-9,122	4,834	4,661	-54,233	15,951	15,678	24,880	91,418	26,971	17,248	0	0	0
Other assets
99	15,639	4,382	2,669	14,144	-14,353	-9,297	-11,803	-14,437	5,325	11,992	15,924	-7,383	-5,808	-22,575	-22,495	-2,822	-12,449	4,078	7,803	-72	23,652	19,596	8,018	16,490	-562	1,665	13,920	11,106	14,985	-1,289	-3,487	3,474	-460	131	-5,555	-12,552	-2,974	0	0	0
Current liabilities
-2,012	-7,076	-6,046	-13,849	-7,667	-15,680	-18,236	374	-21,435	10,678	42,611	5,698	13,206	5,646	-34,003	-27,270	-37,541	-45,585	-13,056	-21,153	-203	5,849	-42,463	-12,916	-10,111	-14,139	49,137	5,397	-21,685	8,368	-26,857	-112	-37,733	7,966	-2,946	-4,017	44,401	4,913	0	0	0
Other liabilities
-10,328	-7,944	-8,019	-14,893	-12,183	-14,769	-12,300	-211	-1,113	64	2,121	1,872	1,554	1,518	-2,405	-589	-137	436	-686	-1,745	-1,365	-2,223	-2,435	-2,405	-2,171	-1,935	1,214	8,637	8,441	9,345	4,334	-2,076	-358	-1,593	-1,555	-2,725	-1,862	-623	0	0	0
Other, net
-3,677	-322	8	-250	-2,709	-1,903	-1,996	-1,366	268	833	-174	-583	-950	-1,589	-1,912	-796	-1,071	-1,607	-966	-1,691	-891	-1,044	-420	-377	-1,301	-705	-402	-1,315	-929	-1,165	-2,034	-1,359	-2,108	-1,522	-733	-269	69	-199	0	0	0
Net cash provided by (used in) operating activities
253,268	200,544	177,304	195,656	169,734	167,892	112,968	67,667	28,902	43,995	140,734	128,460	136,020	157,778	134,727	184,324	166,055	159,609	181,869	158,636	139,167	90,605	62,727	28,478	98,756	128,513	105,521	140,173	104,164	108,297	157,631	209,931	117,134	153,749	64,545	-14,935	45,552	56,357	0	0	0
Cash flows from investing activities
Capital expenditures
41,422	31,162	41,958	40,633	39,798	38,481	45,519	45,105	44,303	46,131	39,162	39,157	38,950	37,497	21,964	23,113	27,334	28,834	33,269	36,309	37,366	39,173	36,353	38,495	40,713	41,349	46,386	55,079	57,320	56,825	49,464	33,441	23,041	18,751	17,596	18,135	19,249	18,678	0	0	0
Acquisition of business, net of cash acquired
11,942	-3,465	-3,465	151,745	155,211	167,677	167,677	12,444	30,862	18,396	0	0	0	-	-	-	-	-	-	-	-	30,137	85,413	85,413	85,413	55,276	0	0	0	-	-	-	-	6,882	6,882	8,903	-4,861	2,021	0	0	0
Proceeds from sales of securities
-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance proceeds - capital related
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42,250	42,250	32,500	32,500	0	1,095	1,095	1,095	18,798	0	0	0
Investments in unconsolidated affiliates
8,000	16,000	12,000	11,500	9,000	1,609	609	2,309	3,926	3,317	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of assets
3,236	3,240	395	7,678	17,999	18,703	38,525	41,577	32,080	31,564	16,735	10,185	10,495	10,304	5,318	1,502	5,047	5,538	34,389	34,432	29,447	33,788	5,101	67,005	66,978	65,147	64,981	3,358	3,432	517	741	2,008	1,939	1,984	1,790	199	195	71	0	0	0
Net withdrawals from (deposits to) restricted cash balances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,688	-2,355	-17,010	-4,333	3,587	1,231	17,266	2,902	-3,563	-5,119	-15,154	1,417	138	-154	7,723	-9,243	-8,973	-5,190	1,150	3,055	6,925	4,044	2,419	156	0	0	0
Net cash used in investing activities
-58,128	-40,457	-48,130	-194,232	-184,042	-187,096	-194,550	-37,551	-48,455	-36,280	-26,047	-31,246	-47,628	-47,726	-32,030	-175,655	-177,121	-190,807	-175,772	-39,086	-25,185	-38,424	-113,102	-51,784	-14,084	-2,985	48,309	-23,468	-63,422	-16,376	-9,003	6,257	10,248	-26,704	-28,518	-29,788	-29,281	-1,986	0	0	0
Cash flows from financing activities
Dividends paid to stockholders of Mueller Industries, Inc.
16,751	22,325	22,392	22,496	22,600	22,705	22,754	22,765	22,775	196,944	196,910	196,876	196,836	21,224	19,789	18,355	16,923	16,903	16,882	16,860	16,839	16,819	16,098	15,375	14,658	13,941	13,925	14,246	14,568	14,891	15,216	15,205	15,176	15,146	15,119	15,091	15,087	15,074	0	0	0
Repayment of debt by consolidated joint ventures, net
-	4,305	4,289	3,947	1,694	2,915	2,896	3,149	14,078	3,369	710	1,159	1,922	2,265	3,036	-1,391	-26,774	-23,567	-11,169	-19,395	4,848	7,258	-7,253	-5,784	-26,610	857	19,466	16,957	10,732	-14,429	-42,109	-26,178	-2,628	6,162	27,261	6,915	13,101	6,848	0	0	0
Repurchase of common stock
5,574	1,763	28,750	28,750	28,750	33,562	6,575	6,575	6,575	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of long-term debt
110,101	100,658	110,760	111,624	263,036	204,233	265,606	264,722	113,229	71,475	1,500	1,500	1,500	3,500	2,000	2,000	2,000	0	-12,008	-22,635	-4,373	0	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of long-term debt
196,818	206,718	183,789	245,809	186,571	172,002	149,825	147,720	126,821	111,224	101,222	1,185	1,130	1,074	1,019	1,000	1,000	1,000	1,000	1,050	1,050	1,050	1,050	1,000	1,000	1,000	1,000	1,000	149,176	149,176	147,774	149,176	1,000	750	0	0	0	-	-	-	-
Issuance (repayment) of debt by consolidated joint ventures, net
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash received (used) to settle stock-based awards
1,514	1,225	1,069	956	951	726	677	707	675	1,595	1,594	2,417	2,537	1,306	1,398	309	306	760	2,382	606	646	777	-778	-192	-69	-228	-3,778	-4,108	-4,189	-4,181	-535	3,474	3,945	3,879	3,639	555	1,715	2,428	0	0	0
Income tax benefit from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,012	999	972	961	667	750	837	878	940	845	719	2,681	2,540	2,537	2,528	503	846	874	853	923	147	134	145	0	0	0
Debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50	1,103	1,103	1,103	1,053	0	0	3,884	1,942	1,942	1,942	-1,942	0	0	0	0
Net cash provided by financing activities
-115,639	-139,694	-132,699	-190,334	21,878	-28,269	82,287	83,214	-45,870	-244,566	-308,284	-212,276	-201,899	-22,561	-20,916	-18,293	-42,190	-41,258	-40,648	-60,163	-17,572	-10,551	-12,351	1,166	-37,119	-13,643	2,343	-228,406	-383,213	-408,648	-432,579	-186,239	-13,985	-6,944	12,204	-10,332	-2,004	-6,394	0	0	0
Effect of exchange rate changes on cash
-6,543	511	-3,021	-1,466	-2,322	-1,952	-1,963	-939	1,735	2,945	2,291	138	-3,016	-5,686	-4,733	-6,362	-3,489	-4,834	-4,562	-2,439	-2,991	-1,296	407	2,672	2,056	981	249	-312	-548	1,499	853	-1,308	-434	-78	506	2,939	3,291	161	0	0	0
(Decrease) increase in cash, cash equivalents, and restricted cash
72,958	20,904	-6,546	-190,376	5,248	-49,425	-1,258	112,391	-63,688	-233,906	-191,306	-114,924	-116,523	81,805	77,048	-15,986	-56,745	-77,290	-39,113	56,948	93,419	40,334	-62,319	-19,468	49,609	112,866	156,422	-112,013	-343,019	-315,228	-283,098	28,641	112,963	120,023	48,737	-52,116	16,742	48,138	0	0	0