Manitex International, Inc. MNTX Cash Flow

Manitex international, inc. (MNTX)

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
Cash flows from operating activities:
Net (loss) income
-16,878	-8,492	-18,552	-6,579	-10,782	-13,177	-3,152	-4,781	-6,115	-7,804	-21,418	-42,999	-40,669	-37,667	-29,173	-5,853	-5,566	-5,324	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	6,352	4,868	3,589	2,780	0	0	0
Adjustments to reconcile net (loss) income to cash used for operating activities:
Depreciation and amortization
4,601	4,702	4,792	4,838	4,879	4,989	4,988	4,970	4,877	5,107	5,233	5,619	6,301	6,636	3,285	4,839	5,986	6,946	9,100	7,048	5,169	3,462	4,167	4,026	3,820	3,573	3,566	3,481	3,492	3,498	3,490	3,522	3,403	3,336	0	0	0
Changes in allowances for doubtful accounts
561	646	448	280	117	10	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in allowances for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-367	-	0	115	60	-1	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in inventory reserves
-1,259	-1,253	-3,230	-2,939	-2,951	-2,539	-1,977	-1,512	-1,063	-1,089	686	200	-215	-333	-421	-573	-464	-482	-879	-424	-210	-97	237	157	149	110	0	0	0	-	-	-	-	-	-	-	-
Deferred income taxes
0	-	0	0	0	-	0	0	0	-	0	0	1,337	-	-2,212	-2,478	-2,001	-2,074	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred debt issuance costs
275	221	144	128	178	208	413	612	605	632	477	362	1,820	1,978	1,795	1,870	611	669	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt discount
484	421	-92	-98	-104	-85	380	411	442	446	512	498	596	528	637	688	622	743	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in value of interest rate swaps
-	2	2	3	3	3	9	21	28	428	419	811	791	776	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tradename impairment
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revaluation of contingent acquisition liability
-	-	-	-	-	345	345	345	345	-346	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill impairment
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (income) in equity investments
-	-	-	-	-	-204	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in value of securities held
-	5,454	2,268	1,145	-4,871	-5,494	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss in non-marketable equity interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss in non-marketable equity interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-199	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	2,021	2,408	1,711	1,089	0	0	0
Share-based compensation
666	603	556	525	652	639	811	855	715	798	746	921	1,073	1,129	1,214	1,180	1,193	1,481	1,365	1,258	1,164	1,104	986	909	806	664	606	512	438	226	213	198	184	104	0	0	0
Adjustment to deferred gain on sales and lease back
-	-	0	0	0	-	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provisions for allowance for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	175	169	4	17	46	15	45	25	0	0	0
Loss on disposal of assets
-	-34	-95	-97	-28	-4	66	81	-7	-90	-191	-226	-85	-18	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred gain on sale and lease back
-	-	-	-	-	-	-	-	-	-	-	-	-	-124	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reserves for uncertain tax provisions
-89	45	406	373	381	357	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on disposal of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventory reserves
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	283	316	0	0	0
Gain on disposal of fixed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-62	0	0	0
Reserves for uncertain tax provisions
-	-	-	-	-	-	-	-	-	-	-	-	55	-	74	84	72	60	87	-37	-36	-35	-251	-92	-90	-83	241	198	193	183	0	0	0	-	0	0	0
Loss on sale of discontinued operations
-	-	-	-	-	-	-	-	0	-	-	-	-	-14,458	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Increase in accounts receivable
-9,775	-9,282	-4,594	-9,116	-1,016	296	-2,266	3,530	12,472	11,130	7,605	11,040	-4,408	-1,607	403	-5,840	-8,440	-14,872	-16,419	-20,691	-2,634	4,186	11,450	9,207	1,339	-980	-3,048	3,664	9,190	12,494	11,552	14,757	13,630	5,597	0	0	0
(Increase) decrease in accounts receivable finance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-382	-188	-251	-271	0	0	0	-	-	-	-	-	-	-	-
(Increase) decrease in accounts receivable finance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Increase in inventory
2,909	2,395	5,187	5,786	4,948	7,277	6,580	26	-6,538	-17,068	-12,978	-2,841	-3,789	3,828	7,139	4,631	9,138	6,279	3,812	7,011	7,617	7,038	4,753	7,999	8,745	7,931	12,357	12,790	13,826	17,187	21,428	16,809	13,267	12,484	0	0	0
Increase in prepaid expenses
-1,621	624	1,216	929	1,549	-373	-2,276	-2,305	-1,751	-2,641	968	-1,983	790	345	-758	2,346	-621	3,223	2,409	2,139	2,723	-315	-22	905	-263	427	-580	-585	160	-117	1,111	315	317	-389	0	0	0
Decrease in other assets
-	-125	169	129	58	241	-181	-162	-146	-99	-61	-41	-95	-189	-212	-316	-330	-111	41	146	326	123	0	0	0	-	939	-38	-40	-11	20	24	118	99	0	0	0
Increase in accounts payable
-6,897	-7,567	-5,518	-1,536	2,016	2,764	2,677	3,668	9,103	-2,619	191	2,001	-7,146	-4,475	3,128	3,101	2,577	5,713	-8,301	-5,525	-1,746	-1,825	2,519	-1,025	-2,696	-3,832	-7,274	-514	2,136	6,702	13,716	11,146	8,418	4,297	0	0	0
(Decrease) increase in accrued expense
-73	185	565	445	-63	-277	-233	-167	158	-412	904	553	353	-1,165	1,282	68	-3,016	-875	-6,377	-4,132	421	-1,453	967	-217	-924	-115	613	663	558	2,765	1,663	3,089	1,967	478	0	0	0
Increase (decrease) in income tax payable on ASV conversion
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Decrease) increase other current liabilities
-1,027	-519	-208	-1,248	-371	-875	-950	62	-201	679	783	-325	382	171	-1,184	-1,203	-440	-658	389	296	-214	300	-716	1,171	472	-122	577	556	1,174	1,168	0	0	0	-	-	-	-
Increase (decrease) in other current liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Decrease in other long-term liabilities
494	471	1,235	1,305	1,249	742	-194	-316	-24	24	40	1	-215	172	-2,895	-1,205	182	-65	0	0	0	-	-	-	-	-	-	-	-	-8	0	0	0	-	-	-	-
Discontinued operations - cash provided by operating activities
-	-	-	-	-	-	-	-	-	3,508	6,739	5,129	2,420	-3,824	-13,746	-11,676	-12,683	-7,239	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used for operating activities
4,231	3,237	-3,140	6,925	4,892	1,003	6,797	6,284	8,852	9,077	6,922	-10,531	-5,299	-18,639	-14,217	3,893	3,152	6,372	0	0	0	-	-	-	-	-	-	-	-	-	-4,948	-5,893	-7,315	-5,407	0	0	0
Net cash provided by used for operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,552	-2,852	1,979	3,178	0	0	0	-	-	-	-	-	-	-	-
Cash flows from investing activities:
Proceeds from the sale of equity investment
-	-	-	-	-	7,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of businesses, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,747	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of fixed assets
-	-	-	-	-	8	0	0	0	-	-	-	-	-	-	-	-	518	0	0	0	-	-	-	-	-	-	-	-	212	161	252	267	289	0	0	0
Purchase of property and equipment
1,402	1,778	2,162	2,046	1,893	1,196	818	998	855	1,023	972	960	1,190	1,157	1,073	1,316	1,699	2,011	1,931	1,656	1,157	751	642	605	667	963	1,481	1,599	1,326	1,125	833	596	719	610	0	0	0
Investment in intangibles other than goodwill
-	7	-3	1	1	21	32	51	53	65	58	83	117	97	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations - cash provided by investing activities
-	-	-	-	-	-	-	-	-	-84	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used for investing activities
6,212	5,829	5,454	-2,048	-1,889	5,791	6,159	5,975	18,956	11,735	0	0	0	-	-	-	-	-9,402	0	0	0	-	-	-	-	-	-	-	-	-	-684	-1,793	-2,049	-1,918	0	0	0
Net cash used for investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-894	-13,730	-13,780	-14,076	0	0	0	-	-	-	-	-	-	-	-
Cash flows from financing activities:
Net proceeds from stock offering
-	-	-	-	-	-	-	-	-	2,426	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on revolving term credit facilities
-	-	-	-	-	134,993	243,225	150,135	144,947	134,614	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment on revolving credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Borrowings on revolving term credit facility
0	-	-	-	-	122,100	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Payments on convertible debt
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net borrowings working capital facilities (See Note 11)
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
New borrowingsconvertible notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Payments) borrowing on revolving term credit facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowing on revolving term credit facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowing on revolving term credit facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	5,876	5,621	8,239	9,221	0	0	0	-	-	-	-
Net (repayments) borrowings on working capital facilities
-	-	-	-	-	-5,568	-5,859	-2,480	-2,535	3,397	-1,155	1,170	-1,769	1,828	6,376	2,534	-1,042	-4,274	-4,228	-4,997	2,691	294	1,098	936	-2,577	-1,960	0	0	0	-	-	-	-	-	-	-	-
Net borrowings on working capital facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
New borrowings—except 2015 term loan
-	-	-	-	-	-	-	-	-	-	-	-	-	12,892	1,407	-7,796	-10,853	2,446	14,000	14,000	14,000	677	14,868	14,868	14,868	15,000	810	810	842	764	2,952	1,374	4,313	4,647	0	0	0
New borrowings—other
-	588	118	-62	414	7	2,323	2,332	1,925	2,600	0	0	0	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs incurred
-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Note payments
4,060	4,110	1,030	976	1,556	1,922	9,837	13,029	16,410	16,465	9,860	7,037	4,582	6,678	362	1,760	5,677	6,119	11,010	9,075	3,582	947	963	998	1,024	809	975	4,570	6,884	7,884	11,187	8,499	6,302	5,868	0	0	0
Bank fees and cost related to new financing
-	-	-	-	-	-	-	-	-	-	-	-	-	1,255	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shares repurchased for income tax withholding on share-based compensation
28	34	42	59	59	124	147	124	124	168	153	165	166	80	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale and leaseback
-	-	-	-	-	-	-	-	-	-	-	-	-	4,080	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on capital lease obligations
435	422	410	399	389	378	866	855	1,326	1,381	886	896	417	510	539	758	1,326	1,446	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Discontinued operations - cash used for financing activities
-	-	-	-	-	-	-	-	-	-5,058	-14,421	-12,947	-9,955	-4,941	11,884	10,207	10,058	7,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used for) provided by financing activities
-9,408	-7,971	-1,892	-7,325	16,624	11,014	4,972	5,438	-29,294	-20,867	-25,005	-24,781	-11,254	-3,407	-8,084	-10,140	-19,213	5,940	0	0	0	-	-	-	-	-	-	-	-	-	7,976	8,758	8,579	6,894	0	0	0
Net decrease in cash and cash equivalents
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes on cash
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (decrease) increase in cash and cash equivalents
-	-	-	-	-	-	-	0	-1,486	-	-2,468	-5,621	-256	-3,603	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Shares repurchased for income tax withholding on share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Payments on capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	1,110	986	894	795	651	612	589	578	0	0	0
Net cash provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	588	16,481	10,514	14,998	0	0	0	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	2,246	-101	-1,287	4,100	-469	1,159	1,601	1,526	2,344	1,072	-785	-431	0	0	0
Effect of exchange rate changes on cash
-	-	-	-	-	-	-	0	9	-	1,738	2,497	2,734	2,999	823	108	60	-1,360	-1,362	-1,731	-1,995	-944	-390	119	217	102	242	284	-4	292	188	-323	-133	-160	0	0	0