Marine products corp (MPX)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
OPERATING ACTIVITIES
Net income

28,239

28,488

19,300

-

-

-

-

-

-

-

-

Net income

-

-

-

16,745

14,306

8,914

7,528

6,979

6,731

3,853

-10,693

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense

2,090

1,820

1,526

1,382

1,013

712

726

768

889

1,081

1,354

Gain on sale of equipment and property

-

-

8

103

12

-31

15

0

-

37

15

Accretion of discount related to marketable securities, net

-5

213

425

1,152

1,059

1,210

1,057

-

-

-

-

Gain on benefit plan financing arrangement

-

-

-

-

-

-

-

-

2,025

-

-

Stock-based compensation expense

2,123

2,089

2,682

2,624

1,993

1,754

1,702

1,495

1,296

1,542

1,645

Excess tax benefits for share-based payments

-

-

-

160

256

342

136

379

77

-

453

Deferred income tax provision/ (benefit)

-620

378

1,519

-862

1,309

-805

78

-498

-76

-132

-854

(Increase) decrease in assets:
Accounts receivable

2,735

821

1,964

-169

-1,113

348

227

-415

1,031

-87

-4,310

Inventories

-5,217

8,764

-4,482

9,850

3,819

-40

700

3,252

3,025

2,395

-2,966

Prepaid expenses and other current assets

261

-301

273

-296

413

-133

232

147

10

-1,332

1,102

Income taxes receivable

455

-262

685

-791

441

-911

164

394

-558

-5,823

3,325

Other non-current assets

1,355

563

912

-1,266

139

-790

184

-456

67

20

733

Increase (decrease) in liabilities:
Accounts payable

-787

-689

199

1,482

104

-1,992

1,323

1,254

1,108

-88

535

Other accrued expenses

-386

-505

1,760

2,282

486

638

-5

1,731

-1,281

-163

-3,570

Income taxes payable

-

-

-

-

-

-

-

-14

327

68

-

Other long-term liabilities

2,852

566

1,588

-1,377

-259

-990

186

-232

-21

-72

899

Net cash provided by operating activities

33,917

22,775

29,639

15,837

16,044

10,656

10,937

8,182

3,296

10,879

-9,036

INVESTING ACTIVITIES
Capital expenditures

2,334

2,154

2,410

1,940

3,878

451

521

354

357

191

85

Proceeds from benefit plan financing arrangement

-

-

-

-

-

-

-

-

3,671

-

-

Re-investment in benefit plan financing arrangement

-

-

-

-

-

-

-

-

3,671

-

-

Sales and maturities of marketable securities

-

-

-

-

-

-

-

-

24,904

25,579

-

Purchases of marketable securities

299

16,209

22,214

28,092

16,276

22,320

15,396

34,082

36,106

29,147

14,858

Proceeds from sale of assets

-

-

8

88

6

1,083

15

0

-

41

15

Investment in joint venture

-

-

-

-

-

2,554

-

0

-

-

-

Sales of marketable securities

7,978

21,423

18,067

52,519

17,659

20,085

14,576

51,247

-

-

22,344

Net cash provided by (used for) investing activities

5,345

3,060

-6,549

22,575

-2,489

-4,157

-1,326

16,811

-11,559

-3,718

7,416

FINANCING ACTIVITIES
Payment of dividends

19,756

17,252

11,504

9,202

7,638

6,102

5,705

23,812

-

-

369

Cash paid for common stock purchased and retired

8,447

7,522

6,521

34,737

2,259

1,781

576

960

447

244

537

Repayment of capital lease obligation

-

-

-

-

-

-

-

375

-

-

-

Excess tax benefits for share-based payments

-

-

-

160

256

342

136

379

77

-

453

Proceeds received upon exercise of stock options

-

-

-

-

-

-

-

467

54

45

24

Net cash used for financing activities

-28,203

-24,774

-18,025

-43,779

-9,641

-7,541

-6,145

-24,301

-316

-199

-429

Net increase in cash and cash equivalents

11,059

1,061

5,065

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

-

-

-

-5,367

3,914

-1,042

3,466

692

-8,579

6,962

-2,049