Manitex International, Inc. MNTX Cash Flow

Manitex international, inc. (MNTX)

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
Cash flows from operating activities:
Net (loss) income
-7,476	-787	-11,851	3,236	910	-10,847	122	-967	-1,485	-822	-1,507	-2,301	-3,174	-14,436	-23,088	29	-172	-5,942	232	316	70	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,986	1,877	-	2,621	2,655	1,911	-	2,504	2,308	1,251	289	1,020	1,029	442
Adjustments to reconcile net (loss) income to cash used for operating activities:
Depreciation and amortization
1,082	1,110	1,192	1,217	1,183	1,200	1,238	1,258	1,293	1,199	1,220	1,165	1,523	1,325	1,606	1,847	1,858	-2,026	3,160	2,994	2,818	128	1,108	1,115	1,111	833	967	909	864	826	882	920	870	818	914	801	803
Changes in allowances for doubtful accounts
37	201	155	168	122	3	-13	5	15	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in allowances for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	1	-	-20	-121	143	-2	95	-176	82	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in inventory reserves
-270	-123	-545	-321	-264	-2,100	-254	-333	148	-1,538	211	116	122	237	-275	-299	4	149	-427	-190	-14	-248	28	24	99	86	-52	16	60	-	-	-	-	-	-	-	-
Deferred income taxes
-70	-	1,799	220	-34	-	248	331	-70	-	159	-316	147	-	143	-321	-12	-2,022	-123	156	-85	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred debt issuance costs
104	102	20	49	50	25	4	99	80	230	203	92	107	75	88	1,550	265	-108	163	291	323	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt discount
167	106	107	104	104	-407	101	98	123	58	132	129	127	124	118	227	59	233	169	161	180	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in value of interest rate swaps
-	1	0	0	1	1	1	0	1	7	13	7	401	-2	405	-13	386	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tradename impairment
137	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revaluation of contingent acquisition liability
-	-	-	-	-	0	0	0	345	0	0	0	-346	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill impairment
6,585	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (income) in equity investments
-	-	-	-	-	0	0	0	-204	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in value of securities held
-	0	216	4,428	810	-3,186	-907	-1,588	187	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss in non-marketable equity interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-40	-39	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss in non-marketable equity interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-80	-40	-40	-39	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	-	0	33	1	-	1	1,158	690	172	388	461	68
Share-based compensation
222	156	147	141	159	109	116	268	146	281	160	128	229	229	335	280	285	314	301	293	573	198	194	199	513	80	117	96	371	22	23	22	159	9	8	8	79
Adjustment to deferred gain on sales and lease back
-	-	0	0	95	-	12	11	12	-	-	36	-132	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provisions for allowance for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	85	-7	-	-2	165	-3	15	-8	0	10	44	-39	30	-10
Loss on disposal of assets
-	61	-1	-73	-21	0	-3	-4	3	70	12	-92	-80	-31	-23	49	-13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred gain on sale and lease back
-	-	-	-	-	-	-	-	-	-	-	-	-	17	-25	2	-118	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reserves for uncertain tax provisions
-88	-47	33	13	46	314	0	21	22	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on disposal of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17	90	8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventory reserves
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23	106	130	24	56
Gain on disposal of fixed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-30	-63	6	25
Reserves for uncertain tax provisions
-	-	-	-	-	-	-	-	-	-	-	-	17	-	0	16	16	42	10	4	4	69	-114	5	5	-147	45	7	12	177	2	2	2	-	3	2	3
Loss on sale of discontinued operations
-	-	-	-	-	-	-	-	-87	-	-	-	-	-7,168	-9,502	0	2,212	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Increase in accounts receivable
1,987	-1,397	-1,165	-9,200	2,480	3,291	-5,687	-1,100	3,792	729	109	7,842	2,450	-2,796	3,544	-7,606	5,251	-786	-2,699	-10,206	-1,181	-2,333	-6,971	7,851	5,639	4,931	-9,214	-17	3,320	2,863	-2,502	5,509	6,624	1,921	703	4,382	-1,409
(Increase) decrease in accounts receivable finance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-214	-54	-53	-61	-20	-117	-73	-	-	-	-	-	-	-	-
(Increase) decrease in accounts receivable finance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-64	-88	-155	-	-	-	-
Increase in inventory
7,283	-9,840	-1,982	7,448	6,769	-7,048	-1,383	6,610	9,098	-7,745	-7,937	46	-1,432	-3,655	2,200	-902	6,185	-344	-308	3,605	3,326	-2,811	2,891	4,211	2,747	-5,096	6,137	4,957	1,933	-670	6,570	5,993	5,294	3,571	1,951	2,451	4,511
Increase in prepaid expenses
399	-974	-64	-982	2,644	-382	-351	-362	722	-2,285	-380	192	-168	1,324	-3,331	2,965	-613	221	-227	-2	3,231	-593	-497	582	193	-300	430	-586	883	-1,307	425	159	606	-79	-371	161	-100
Decrease in other assets
-	95	-13	1	-208	389	-53	-70	-25	-33	-34	-54	22	5	-14	-108	-72	-18	-118	-122	147	134	-13	58	-56	-	965	-13	-18	5	-12	-15	11	36	-8	79	-8
Increase in accounts payable
8,530	-3,736	-10,290	-1,401	7,860	-1,687	-6,308	2,151	8,608	-1,774	-5,317	7,586	-3,114	1,036	-3,507	-1,561	-443	8,639	-3,534	-2,085	2,693	-5,375	-758	1,694	2,614	-1,031	-4,302	23	1,478	-4,473	2,458	2,673	6,044	2,541	-112	-55	1,923
(Decrease) increase in accrued expense
-111	-194	-293	525	147	186	-413	17	-67	230	-347	342	-637	1,546	-698	142	-2,155	3,993	-1,912	-2,942	-14	-1,509	333	1,611	-1,888	911	-851	904	-1,079	1,639	-801	799	1,128	537	625	-323	-361
Increase (decrease) in income tax payable on ASV conversion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	16,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Decrease) increase other current liabilities
-327	196	64	-960	181	507	-976	-83	-323	432	36	-346	557	536	-1,072	361	346	-819	-1,091	1,124	128	228	-1,184	614	642	-788	703	-85	48	-89	682	533	42	-	-	-	-
Increase (decrease) in other current liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-333
Decrease in other long-term liabilities
4	578	-23	-65	-19	1,342	47	-121	-526	406	-75	171	-478	422	-114	-45	-91	-2,645	1,576	1,342	-338	-	-	-	-	-	-	-	-	21	68	-67	-30	-	-	-	-
Discontinued operations - cash provided by operating activities
-	-	-	-	-	-	-	-	-	-157	0	2,702	963	3,074	-1,610	-7	-5,281	-6,848	460	-1,014	163	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used for operating activities
-603	10,162	-7,274	1,946	-1,597	3,785	2,791	-87	-5,486	9,579	2,278	2,481	-5,261	7,424	-15,175	7,713	-18,601	11,846	2,935	6,972	-15,381	-	-	-	-	-	-	-	-	-	1,388	-3,146	-2,257	-933	443	-4,568	-349
Net cash provided by used for operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,352	-4,395	-3,701	4,296	948	436	-2,502	-	-	-	-	-	-	-	-
Cash flows from investing activities:
Proceeds from the sale of equity investment
-	-	-	-	-	0	0	0	7,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of businesses, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-5,244	18,991	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of fixed assets
-	-	-	-	-	-1	0	6	3	-	-	-	-	-	-	-	-	275	76	156	11	-	-	-	-	-	-	-	-	58	56	95	3	7	147	110	25
Purchase of property and equipment
406	256	238	502	782	640	122	349	85	262	302	206	253	211	290	436	220	127	533	819	532	47	258	320	126	-62	221	382	422	456	339	109	221	164	102	232	112
Investment in intangibles other than goodwill
-	0	0	0	7	-10	4	0	27	1	23	2	39	-6	48	36	19	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations - cash provided by investing activities
-	-	-	-	-	-	-	-	-	0	0	-46	-38	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used for investing activities
-406	-256	7,376	-502	-789	-631	-126	-343	6,891	-263	-310	12,638	-330	-	-	-	-	6,258	-523	4,375	-19,512	-	-	-	-	-	-	-	-	-	-283	-14	-218	-169	-1,392	-270	-87
Net cash used for investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-258	-320	-126	-190	-13,094	-370	-422	-	-	-	-	-	-	-	-
Cash flows from financing activities:
Net proceeds from stock offering
-	-	-	-	-	-	-	-	-	0	0	0	2,426	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on revolving term credit facilities
-	-	-	-	-	19,000	37,900	42,080	36,013	127,232	-55,190	36,892	25,680	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment on revolving credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-407	407
Borrowings on revolving term credit facility
6,000	-	-	-	-	19,000	37,900	29,600	35,600	-	-	28,850	27,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,852	1,507	1,458
Payments on convertible debt
7,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net borrowings working capital facilities (See Note 11)
1,201	-	-	-	1,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
New borrowingsconvertible notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	15,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Payments) borrowing on revolving term credit facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-14,542	-434	1,289	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowing on revolving term credit facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,281	5,313	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowing on revolving term credit facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,056	5,876	-1,773	-	-1,059	2,510	1,651	2,774	-1,314	5,128	2,633	-	-	-	-
Net (repayments) borrowings on working capital facilities
-	-	-	-	-	-510	-2,390	452	-3,120	-801	989	397	2,812	-5,353	3,314	-2,542	6,409	-805	-528	-6,118	3,177	-759	-1,297	1,570	780	45	-1,459	-1,943	1,397	-	-	-	-	-	-	-	-
Net borrowings on working capital facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,400	870	-	-	-	-
New borrowings—except 2015 term loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-69	9,203	3,057	701	-11,554	0	0	14,000	0	0	0	677	14,191	0	0	809	1	0	32	731	2,189	-1,578	2,971	1,065
New borrowings—other
-	0	174	-67	481	-470	-6	409	74	1,846	3	2	749	-	-	-	-	-	-5	344	4,323	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs incurred
-	-	-	-	-	-	0	0	50	-	0	0	50	-	-	-	-	-	75	-15	1,089	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Note payments
109	3,179	460	312	159	99	406	892	525	8,014	3,598	4,273	580	1,409	775	1,818	2,676	-4,907	2,173	5,735	3,118	-16	238	242	483	0	273	268	268	166	3,868	2,582	1,268	3,469	1,180	385	834
Bank fees and cost related to new financing
-	-	-	-	-	-	-	-	-	-	-	-	-	49	798	122	286	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shares repurchased for income tax withholding on share-based compensation
13	9	6	0	19	17	23	0	84	40	0	0	128	25	12	1	42	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale and leaseback
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,080	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on capital lease obligations
114	112	106	103	101	100	95	93	90	588	84	564	145	93	94	85	238	122	313	653	358	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations - cash used for financing activities
-	-	-	-	-	-	-	-	-	0	0	-2,873	-2,185	-9,363	1,474	119	2,829	7,462	-203	-30	-29	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used for) provided by financing activities
-35	-7,316	2,513	-4,570	1,402	-1,237	-2,920	19,379	-4,208	-7,279	-2,454	-15,353	4,219	-11,417	-2,230	-1,826	12,066	-16,094	-4,286	-10,899	37,219	-	-	-	-	-	-	-	-	-	278	4,537	2,813	348	1,060	4,358	1,128
Net decrease in cash and cash equivalents
-1,044	-	-	-	-984	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes on cash
-213	-	-	-	-241	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (decrease) increase in cash and cash equivalents
-	-	-	-	-	-	-	18,949	-2,803	-	-486	-234	-1,372	-376	-3,639	5,131	-4,719	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shares repurchased for income tax withholding on share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-12
Payments on capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	362	348	-	308	257	252	293	184	165	153	149	145	142	142
Net cash provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,992	6,836	-1,147	-1,109	11,901	869	3,337	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,326	-	2,102	2,121	-4,974	2,997	-245	935	413	-1,572	1,383	1,377	338	-754	111	-480	692
Effect of exchange rate changes on cash
-	-	-	-	-	-	-	-513	-61	-	-32	93	37	1,640	727	330	302	-536	12	282	-1,118	-538	-357	18	-67	16	152	116	-182	156	194	-172	114	52	-317	18	87