MILLER INDUSTRIES INC /TN/ MLR Cash Flow

Miller industries inc /tn/ (MLR)

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
OPERATING ACTIVITIES:
Net income
5,431	11,692	8,076	10,683	8,660	10,799	8,677	7,600	6,670	9,296	4,456	5,425	3,839	4,453	5,522	6,587	3,360	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,871	5,776	7,444
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,168	5,866	3,064	5,657	3,494	3,387	2,300	2,168	2,524	2,789	1,207	1,676	2,890	2,546	2,010	-	-	-	-
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization
2,253	2,515	2,398	2,107	2,107	2,168	2,059	1,772	1,746	1,978	1,483	1,340	1,346	1,469	1,161	1,095	1,103	1,279	1,007	999	1,032	1,157	985	937	936	961	953	951	898	1,025	932	936	914	1,097	846	856	876
Loss on disposal of property, plant and equipment
-7	13	4	6	-2	-23	0	-172	39	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for doubtful accounts
50	48	-135	47	55	51	48	59	56	118	18	-101	51	-639	91	43	43	97	84	49	52	85	63	50	45	76	43	45	47	58	45	93	61	105	45	45	45
Stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32	100	100	100	100	99	100	100
Excess tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	0	101	5	0	0	22	77	21	0	127	307	0	0	119	-	-	-	-
Issuance of non-employee director shares
194	0	0	0	150	0	0	0	150	0	0	0	150	0	0	0	96	0	0	0	96	0	0	0	96	0	0	0	75	0	0	0	75	0	0	0	100
Loss on the deconsolidation of subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-83	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) Loss on disposals of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	6	0	-4	-	-	-	-	-	-	-	-
Deferred tax provision
-30	-	-100	118	41	-	-59	-25	207	-	-49	88	-25	3,214	-37	65	-23	513	78	1	-19	302	-31	57	-181	-329	92	9	3	128	1,033	76	-27	-211	-26	25	418
Changes in operating assets and liabilities:
Accounts receivable
342	2,764	-32,021	14,216	34,646	-6,454	10,222	11,841	3,744	-2,650	863	1,102	7,353	-572	-11,582	9,672	19,735	-5,951	-15,686	15,629	272	17,930	3,056	14,097	1,259	-2,431	3,832	15,703	4,889	-3,866	-4,570	-6,977	13,529	-11,055	5,318	-17,200	24,302
Inventories
4,724	-10,516	7,469	-4,513	2,107	10,019	822	4,585	8,439	3,804	-4,408	-9	3,457	95	-3,909	-2,566	5,362	2,416	6,532	-4,004	6,071	-8,314	10,854	-2,885	3,629	-101	2,030	1,478	5,099	-420	-2,675	-3,916	3,978	-5,908	4,905	-3,611	13,974
Prepaid expenses
2,925	46	-1,139	85	2,537	-333	-943	-1,858	2,145	1,050	-995	-1,978	1,158	2,350	-1,086	385	1,712	-742	-855	-1,001	2,629	-997	-924	-4	1,774	-523	-283	-428	1,407	58	-542	-911	1,125	230	-109	-649	-810
Other assets
-227	172	-112	-178	-491	-85	4	39	-18	20	17	-23	-22	-	10	28	10	-	-55	-7	306	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
1,486	-19,351	-14,415	22,027	9,574	-2,367	8,969	9,819	3,004	855	-3,690	-5,162	2,191	16,462	-9,395	-8,536	14,400	-2,872	-5,248	2,061	9,878	6,079	8,145	7,684	2,754	-4,357	2,180	9,243	9,098	-955	-4,869	-9,366	6,297	777	1,204	-12,173	16,078
Accrued liabilities
-3,479	3,034	-1,924	813	356	-1,446	-309	3,210	607	-3,850	494	2,614	1,317	-938	-2,574	3,403	149	-1,218	208	3,015	-1,667	2,884	1,487	1,118	-95	1,274	-966	2,245	862	33	-2,973	349	-1,970	1,676	-1,881	830	4,870
Net cash flows from operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-3,077	-	11,335	-4,859	-7,691	6,378	9,356	1,374	3,057	7,501	1,157	2,025	-746	2,771	-780	-1,471	672	5,917	4,945	6,538	-11,291	-	-	-	-
Net cash flows from operating activities
-1,852	7,108	19,699	26,179	-17,854	6,526	9,280	8,000	-1,909	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,535
INVESTING ACTIVITIES:
Purchases of property, plant and equipment
3,526	1,957	6,997	5,282	3,155	691	3,259	5,512	3,880	5,447	4,942	7,911	6,393	5,871	5,955	7,451	5,749	6,023	2,805	1,656	1,416	1,647	1,686	1,810	202	358	351	906	815	853	744	601	691	2,517	518	318	608
Proceeds from sale of property, plant and equipment
10	-	-	-	-	24	-15	72	60	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	19	0	1	28	0	0	989
Payments on long-term obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1	4	-	-	-	-
Net cash flows from investing activities
-3,516	-1,660	-6,973	-5,275	-3,155	-667	-3,274	-5,440	-3,820	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	523
FINANCING ACTIVITIES:
Net (payments on) proceeds from notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1	-	4	10	9	5	14	47	10	21	4	4	4	0	4	31	142
Net cash flows from investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-6,393	-	-5,955	-7,446	-5,749	-6,023	-2,805	-1,656	-1,415	-1,650	-1,682	-1,800	-193	-337	-334	-859	-805	-832	-721	-597	-686	-	-	-	-
Net proceeds under credit facility
25,000	-	-	-10,000	15,000	-	-	-	-	-	0	10,000	5,000	-15,000	0	10,000	10,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on long-term obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19
Payments of cash dividends
2,053	2,052	2,053	2,051	2,052	2,051	2,051	2,049	2,049	2,049	2,048	2,048	2,043	1,929	1,928	1,929	1,929	1,815	1,814	1,815	1,809	1,695	1,696	1,695	1,692	1,577	1,575	1,573	1,569	1,447	1,439	1,439	1,437	1,337	1,365	1,429	1,415
Net payments on other long-term obligations
92	-	-	-	95	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds (payments) on other long-term obligations
-	-	-	-	-	-	-93	-125	499	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance lease obligation payments
5	5	5	5	5	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	5	96	85	6	0	8	172	112	94	10	405	499	1	54	297	666	301	1,188	611
Net cash flows from financing activities
22,850	-7,151	-12,148	-12,146	12,848	2,847	-7,088	2,826	-1,550	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-823
Excess tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5	0	101	5	0	0	22	77	21	0	127	307	0	0	119	-	-	-	-
Net cash flows from financing activities
-	-	-	-	-	-	-	-	-	-	-	-	2,957	-	-1,928	8,071	8,071	-1,921	-1,804	-1,719	-1,623	-1,684	-1,696	-1,687	-1,498	-1,388	-1,460	-1,563	-1,037	-640	-1,438	-1,397	-1,025	-	-	-	-
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND TEMPORARY INVESTMENTS
-460	316	-355	-501	103	-334	34	-729	440	-24	1,206	1,574	-103	-1,067	-164	440	266	-950	247	-333	-1,311	-849	-552	-30	117	613	366	-121	6	654	-54	-1,371	436	-	-	-	-
NET CHANGE IN CASH AND TEMPORARY INVESTMENTS
17,022	-1,387	223	8,257	-8,058	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND TEMPORARY INVESTMENTS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	574
NET CHANGE IN CASH AND TEMPORARY INVESTMENTS
-	-	-	-	-	-	-	-	-6,839	-	1,469	7,531	-6,616	-1,725	3,288	-3,794	-5,103	-2,516	4,994	-2,334	-1,292	3,318	-2,773	-1,492	-2,320	1,659	-2,208	-4,014	-1,164	5,099	2,732	3,173	-12,566	14,500	-19,278	15,858	-7,261
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash payments for interest
594	749	845	868	787	649	667	600	521	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash payments for interest
-	-	-	-	-	-	-	-	-	-	-	-	501	-	494	484	336	333	438	333	328	272	258	262	223	247	232	226	207	256	269	279	266	254	504	-29	239
Cash payments for income taxes, net of refunds
739	1,017	3,801	4,297	952	1,321	2,437	2,941	758	8,933	1,911	552	209	-	5,768	1,626	1,817	1,658	3,556	1,703	1,649	1,420	1,944	1,389	1,701	1,145	940	745	-411	120	524	2,280	934	4,489	6,085	1,254	750