MRC GLOBAL INC. MRC Cash Flow

Mrc global inc. (MRC)

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
9,000	-24,000	21,000	24,000	18,000	10,000	24,000	22,000	18,000	35,000	3,000	6,000	6,000	-18,000	-40,000	-17,000	-8,000	-392,000	16,000	16,000	29,000	31,046	50,134	39,300	23,520	23,303	38,757	43,852	46,183	-6,442	55,541	31,325	37,534	3,561	21,873	4,678	-1,128
Adjustments to reconcile net income to net cash provided by (used in) operations:
Depreciation and amortization
5,000	5,000	5,000	6,000	5,000	6,000	5,000	6,000	6,000	6,000	5,000	6,000	5,000	6,000	6,000	5,000	5,000	6,000	5,000	5,000	5,000	4,925	6,501	5,397	5,177	5,556	5,620	5,770	5,392	5,405	4,630	4,419	4,131	4,227	4,654	4,162	4,003
Amortization of intangibles
7,000	9,000	11,000	11,000	11,000	11,000	12,000	11,000	11,000	11,000	12,000	11,000	11,000	12,000	12,000	11,000	12,000	14,000	15,000	15,000	16,000	14,791	19,329	18,150	15,730	12,944	13,100	12,785	13,243	12,282	12,428	12,439	12,317	12,853	12,731	12,625	12,443
Equity-based compensation expense
2,000	4,000	5,000	3,000	4,000	3,000	4,000	3,000	4,000	4,000	3,000	5,000	4,000	3,000	2,000	4,000	3,000	2,000	3,000	3,000	2,000	1,532	3,402	2,258	1,808	6,886	3,963	2,719	1,920	2,616	2,201	1,817	1,841	2,121	3,822	959	1,483
Deferred income tax benefit
1,000	0	-3,000	-3,000	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-70,000	-1,000	-8,000	-8,000	-8,822	-9,840	-8,529	-6,809	-3,076	-5,743	-6,987	-4,017	-16,969	6,060	-7,413	-2,110	-2,263	-8,774	-4,198	-1,127
Amortization of debt issuance costs
-	-	-	-	-	-	-	-	-	0	1,000	1,000	1,000	-	-	-	-	-	-	-	-	1,178	1,118	1,352	1,352	1,401	1,467	1,463	1,446	1,694	2,283	2,479	2,326	2,399	2,684	2,383	2,990
Write off of debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,685	-	-	-	-
(Decrease) increase in LIFO reserve
-3,000	-	-	-	-	14,000	26,000	15,000	7,000	9,000	13,000	5,000	1,000	-7,000	-3,000	-1,000	-3,000	-	-	-	-	6,093	3,840	752	1,315	1,067	-5,681	-12,494	-3,072	-27,220	-15,420	11,600	6,900	27,703	18,300	17,635	10,065
Change in fair value of derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	667	2,593	-697	-3,563	4,142	-1,828	1,850	567	416	845	-1,200	2,125	1,784	1,768	1,624	1,868
Provision for uncollectible accounts
6,000	-	-	-	2,000	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,000	1,000	1,059	380	317	244	57	509	43	-907	-1,508	1,392	1,817	727	-300	418	593	-278
Foreign currency losses (gains)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	-1,000	-1,000	7,000	2,000	-2,000	-4,000	3,798	-4,915	1,481	1,636	920	-1,448	13,625	-184	-	-	-	-	-	-	-	-
Other
-1,000	-2,000	0	-1,000	-2,000	-	-	-	-2,000	-1,000	3,000	-2,000	-2,000	-4,000	0	-1,000	-3,000	-	-	0	3,000	6,682	86	449	783	4,135	-380	-325	572	3,674	5,674	-636	700	-	-	-	2,264
Changes in operating assets and liabilities:
Accounts receivable
33,000	-131,000	-43,000	0	47,000	-82,000	-1,000	59,000	98,000	-47,000	48,000	42,000	75,000	-40,000	16,000	-37,000	-67,000	-129,000	-76,000	-104,000	-103,000	-94,789	98,029	89,425	39,335	-27,517	32,233	5,152	-11,937	-127,633	41,711	19,373	44,150	-45,731	144,170	87,562	-8,257
Inventories
4,000	-	-	-	42,000	-31,000	5,000	84,000	117,000	68,000	67,000	27,000	6,000	-22,000	-68,000	-27,000	-24,000	-130,000	-137,000	-161,000	9,000	125,814	-7,516	44,561	46,141	43,547	-21,002	-14,443	-12,581	-105,563	-59,272	69,354	68,807	70,073	38,963	48,431	24,706
Other current assets
-2,000	-	-	7,000	-8,000	-	-	-	-	7,000	-8,000	-8,000	1,000	25,000	1,000	-8,000	6,000	-9,000	4,000	-5,000	4,000	-8,632	4,169	7,397	-4,934	-3,223	3,009	1,965	6,987	-5,155	-372	374	5,834	118	-1,594	2,050	-539
Income taxes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,000	-5,000	-8,000	2,000	-18,000	11,000	-4,179	8,934	-13,768	22,013	-6,242	3,866	-29,879	25,198	-18,460	10,754	-18,931	14,044	28,422	14,077	-149	2,983
Accounts payable
49,000	-76,000	-5,000	-25,000	27,000	-31,000	-58,000	10,000	106,000	-34,000	59,000	-6,000	74,000	-24,000	21,000	12,000	-22,000	-62,000	-25,000	-105,000	-6,000	-68,397	-25,825	109,918	-45,696	52,471	6,364	-24,999	83,484	-93,942	-31,222	-3,032	43,816	-42,074	38,970	50,339	-10,685
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,026	-	-874	-8,964	-4,137
Accrued expenses and other current liabilities
-5,000	0	-4,000	-2,000	-29,000	-1,000	-8,000	5,000	-13,000	-	-	-	-	17,000	-11,000	6,000	-13,000	2,000	-3,000	-7,000	-32,000	-414	17,519	9,035	-15,140	-260	11,493	-3,556	-11,815	-15,044	32,679	-27,871	17,346	-32,691	35,319	-11,898	4,714
Net cash provided by (used in) operations
37,000	108,000	126,000	48,000	-40,000	135,000	-7,000	-65,000	-74,000	-11,000	-13,000	-46,000	22,000	23,000	82,000	90,000	58,000	209,000	204,000	162,000	115,000	-37,364	-16,782	22,464	-74,318	82,213	59,475	7,493	174,407	174,305	112,381	-64,929	18,315	-7,949	-37,592	-63,168	5,812
Investing activities
Purchases of property, plant and equipment
2,000	6,000	6,000	4,000	2,000	5,000	6,000	4,000	5,000	7,000	9,000	3,000	11,000	9,000	10,000	4,000	10,000	15,000	11,000	9,000	4,000	9,949	5,465	2,629	1,957	7,166	4,260	5,752	4,890	5,187	6,145	10,399	4,458	7,988	4,750	3,354	1,964
Proceeds from the disposition of property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-231	395	285	551	558	3,798	175	52	-179	541	715	1,195	1,576	899	472	140
Acquisitions, net of cash acquired of $0, $0 and $4
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,992	320	99,471	247,201	-	-	-	-	62,474	0	17,077	72,816	-	-	-	-
Proceeds from the disposition of non-core product lines
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	48,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-339	10,933
Other investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,000	2,000	-1,000	3,000	342	-2,116	40	734	3,014	1,742	669	-295	2,776	991	-825	3,813	-	-	-	-
Other investment and notes receivable transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,207	1,869	-2,830
Net cash used in investing activities
-2,000	-6,000	-6,000	-2,000	-2,000	-5,000	0	-4,000	-5,000	-4,000	-9,000	-3,000	-11,000	-9,000	-11,000	-2,000	38,000	-14,000	-12,000	-8,000	-7,000	-7,530	-3,274	-101,855	-249,341	-34,507	-24,113	-6,246	-4,543	-70,616	-6,595	-25,936	-79,892	-9,961	-9,618	-40,395	11,939
Financing activities
Payments on revolving credit facilities
228,000	359,000	273,000	257,000	256,000	310,000	333,000	281,000	194,000	228,000	245,000	209,000	14,000	9,000	5,000	4,000	23,000	241,000	337,000	444,000	321,000	352,250	341,982	354,960	451,808	616,093	539,888	449,747	544,460	620,461	466,370	798,241	537,064	-	-	-	-
Proceeds from revolving credit facilities
205,000	283,000	164,000	250,000	319,000	276,000	345,000	352,000	307,000	307,000	295,000	209,000	14,000	9,000	5,000	4,000	23,000	103,000	155,000	169,000	243,000	391,491	364,123	440,272	781,114	409,917	500,748	462,381	365,167	816,379	460,683	643,563	651,210	-	-	-	-
Net proceeds from/(payments) on revolving credit facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	48,032	108,506	-30,830
Payments on long-term obligations
4,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	1,000	0	14,000	2,000	2,000	102,000	2,000	2,000	2,000	2,000	2,000	252,000	2,000	2,049	1,983	1,984	1,984	1,984	1,625	1,625	1,625	1,625	0	0	31,456	-	-	-	-
Debt issuance costs paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	394	3,257	259	90	508	8	8	173	12,108	208	623	7,099	-	-	-	-
Purchase of common stock
-	12,000	13,000	25,000	25,000	75,000	0	20,000	30,000	50,000	0	0	18,000	7,000	17,000	33,000	38,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid on preferred stock
6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	6,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
-	-	-	-	-	0	0	16,000	5,000	-	-	-	-	-	-	-	-	-	-	-	-	855	647	1,169	329	1,055	596	175	1,459	-	-	-	-	-	-	-	-
Repurchases of shares to satisfy tax withholdings
3,000	0	0	0	6,000	0	0	0	5,000	0	0	0	3,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax benefit on stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	45	150	-9	959	76	-225	451	-	-	-	-	-	-	-	-
Other
-	-	0	0	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by financing activities
-36,000	-96,000	-129,000	-39,000	26,000	-115,000	5,000	58,000	76,000	23,000	23,000	-8,000	-29,000	-114,000	-25,000	-41,000	-46,000	-158,000	-189,000	-172,000	-80,000	37,467	17,593	84,388	327,552	-56,654	-40,101	10,945	-179,181	-103,699	-100,505	68,121	75,591	24,574	47,473	99,378	-30,830
Decrease in cash
-1,000	6,000	-9,000	7,000	-16,000	15,000	-2,000	-11,000	-3,000	8,000	1,000	-57,000	-18,000	-100,000	46,000	47,000	50,000	37,000	3,000	-18,000	28,000	-7,427	-2,463	4,997	3,893	-8,948	-4,739	12,192	-9,317	-10	5,281	-22,744	14,014	6,664	263	-4,185	-13,079
Effect of foreign exchange rate on cash
-3,000	-	-	-	-	-	-	-	-	0	2,000	1,000	2,000	-4,000	0	-1,000	2,000	-1,000	-3,000	2,000	-4,000	1,485	-2,898	1,354	1,059	697	366	-1,801	-352	261	-8,437	3,906	-1,308	-1,984	1,747	1,542	-1,043
Supplemental disclosures of cash flow information:
Cash paid for interest
8,000	9,000	10,000	10,000	10,000	10,000	9,000	10,000	8,000	6,000	8,000	6,000	7,000	7,000	7,000	8,000	8,000	8,000	9,000	12,000	14,000	14,109	14,978	14,404	13,509	13,918	13,870	14,048	13,648	40,478	5,409	51,515	7,444	57,004	4,916	56,649	5,470
Cash paid for income taxes
1,000	7,000	10,000	12,000	5,000	5,000	12,000	21,000	1,000	-	-	-	-	3,000	2,000	5,000	1,000	20,000	20,000	40,000	10,000	35,294	26,746	43,004	-2,044	27,515	23,020	56,350	3,219	30,336	14,782	41,426	9,982	-9,690	5,731	5,661	-2,753