MRC GLOBAL INC. MRC Cash Flow

Mrc global inc. (MRC)

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
Operating activities
Net income
30,000	39,000	73,000	76,000	74,000	74,000	99,000	78,000	62,000	50,000	-3,000	-46,000	-69,000	-83,000	-457,000	-401,000	-368,000	-331,000	92,046	126,180	149,480	144,000	136,257	124,880	129,432	152,095	122,350	139,134	126,607	117,958	127,961	94,293	67,646	28,984	0	0	0
Adjustments to reconcile net income to net cash provided by (used in) operations:
Depreciation and amortization
21,000	21,000	22,000	22,000	22,000	23,000	23,000	23,000	23,000	22,000	22,000	23,000	22,000	22,000	22,000	21,000	21,000	21,000	19,925	21,426	21,823	22,000	22,631	21,750	22,123	22,338	22,187	21,197	19,846	18,585	17,407	17,431	17,174	17,046	0	0	0
Amortization of intangibles
38,000	42,000	44,000	45,000	45,000	45,000	45,000	45,000	45,000	45,000	46,000	46,000	46,000	47,000	49,000	52,000	56,000	60,000	60,791	65,120	68,270	68,000	66,153	59,924	54,559	52,072	51,410	50,738	50,392	49,466	50,037	50,340	50,526	50,652	0	0	0
Equity-based compensation expense
14,000	16,000	15,000	14,000	14,000	14,000	15,000	14,000	16,000	16,000	15,000	14,000	13,000	12,000	11,000	12,000	11,000	10,000	9,532	9,934	9,192	9,000	14,354	14,915	15,376	15,488	11,218	9,456	8,554	8,475	7,980	9,601	8,743	8,385	0	0	0
Deferred income tax benefit
-5,000	-5,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-87,000	-25,822	-34,662	-35,191	-34,000	-28,254	-24,157	-22,615	-19,823	-33,716	-21,913	-22,339	-20,432	-5,726	-20,560	-17,345	-16,362	0	0	0
Amortization of debt issuance costs
-	-	-	-	-	-	-	-	-	3,000	0	0	0	-	-	-	-	-	-	-	-	5,000	5,223	5,572	5,683	5,777	6,070	6,886	7,902	8,782	9,487	9,888	9,792	10,456	0	0	0
Write off of debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
(Decrease) increase in LIFO reserve
0	-	-	-	-	62,000	57,000	44,000	34,000	28,000	12,000	-4,000	-10,000	-14,000	0	0	0	-	-	-	-	12,000	6,974	-2,547	-15,793	-20,180	-48,467	-58,206	-34,112	-24,140	30,783	64,503	70,538	73,703	0	0	0
Change in fair value of derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,000	2,475	-1,946	601	4,731	1,005	3,678	628	2,186	3,554	4,477	7,301	7,044	0	0	0
Provision for uncollectible accounts
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	2,000	3,059	3,439	2,756	2,000	998	1,127	853	-298	-1,863	-980	794	2,428	3,636	2,662	1,438	433	0	0	0
Foreign currency losses (gains)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,000	7,000	6,000	3,000	-202	-7,117	-3,636	2,000	-878	2,589	14,733	12,913	0	0	0	-	-	-	-	-	-	-	-
Other
-4,000	-5,000	0	0	0	-	-	-	-2,000	-2,000	-5,000	-8,000	-7,000	-8,000	0	0	0	-	-	9,768	10,217	8,000	5,453	4,987	4,213	4,002	3,541	9,595	9,284	9,412	0	0	0	-	-	-	0
Changes in operating assets and liabilities:
Accounts receivable
-141,000	-127,000	-78,000	-36,000	23,000	74,000	109,000	158,000	141,000	118,000	125,000	93,000	14,000	-128,000	-217,000	-309,000	-376,000	-412,000	-377,789	-203,760	-10,335	132,000	199,272	133,476	49,203	-2,069	-102,185	-92,707	-78,486	-22,399	59,503	161,962	230,151	177,744	0	0	0
Inventories
0	-	-	-	100,000	175,000	274,000	336,000	279,000	168,000	78,000	-57,000	-111,000	-141,000	-249,000	-318,000	-452,000	-419,000	-163,186	-33,702	171,859	209,000	126,733	113,247	54,243	-4,479	-153,589	-191,859	-108,062	-26,674	148,962	247,197	226,274	182,173	0	0	0
Other current assets
0	-	-	0	0	-	-	-	-	-8,000	10,000	19,000	19,000	24,000	-10,000	-7,000	-4,000	-6,000	-5,632	-5,463	6,934	-2,000	3,409	2,249	-3,183	8,738	6,806	3,425	1,834	681	5,954	4,732	6,408	35	0	0	0
Income taxes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-12,000	-29,000	-13,000	-9,179	-2,245	1,987	13,000	10,937	5,869	-10,242	-7,057	-19,275	-12,387	-1,439	-12,593	34,289	37,612	56,394	45,333	0	0	0
Accounts payable
-57,000	-79,000	-34,000	-87,000	-52,000	27,000	24,000	141,000	125,000	93,000	103,000	65,000	83,000	-13,000	-51,000	-97,000	-214,000	-198,000	-204,397	-205,222	9,696	-30,000	90,868	123,057	-11,860	117,320	-29,093	-66,679	-44,712	-84,380	-32,512	37,680	91,051	36,550	0	0	0
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Accrued expenses and other current liabilities
-11,000	-35,000	-36,000	-40,000	-33,000	-17,000	0	0	0	-	-	-	-	-1,000	-16,000	-8,000	-21,000	-40,000	-42,414	-21,895	-5,860	11,000	11,154	5,128	-7,463	-4,138	-18,922	2,264	-22,051	7,110	-10,537	-7,897	8,076	-4,556	0	0	0
Net cash provided by (used in) operations
319,000	242,000	269,000	136,000	23,000	-11,000	-157,000	-163,000	-144,000	-48,000	-14,000	81,000	217,000	253,000	439,000	561,000	633,000	690,000	443,636	222,854	83,318	-106,000	13,577	89,834	74,863	323,588	415,680	468,586	396,164	240,072	57,818	-92,155	-90,394	-102,897	0	0	0
Investing activities
Purchases of property, plant and equipment
18,000	18,000	17,000	17,000	17,000	20,000	22,000	25,000	24,000	30,000	32,000	33,000	34,000	33,000	39,000	40,000	45,000	39,000	33,949	28,414	22,043	20,000	17,217	16,012	19,135	22,068	20,089	21,974	26,621	26,189	28,990	27,595	20,550	18,056	0	0	0
Proceeds from the disposition of property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	1,789	5,192	5,082	4,583	3,846	589	1,129	2,272	4,027	4,385	4,142	3,087	0	0	0
Acquisitions, net of cash acquired of $0, $0 and $4
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	344,000	0	0	0	-	-	-	-	152,367	0	0	0	-	-	-	-
Proceeds from the disposition of non-core product lines
-	-	-	-	-	-	-	-	-	-	-	-	-	48,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the sale of assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,594	0	0	0
Other investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,000	4,342	226	1,266	-1,000	1,672	5,530	6,159	5,130	4,892	4,141	2,647	6,755	0	0	0	-	-	-	-
Other investment and notes receivable transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net cash used in investing activities
-16,000	-16,000	-15,000	-9,000	-11,000	-14,000	-13,000	-22,000	-21,000	-27,000	-32,000	-34,000	-33,000	16,000	11,000	10,000	4,000	-41,000	-34,530	-25,804	-119,659	-362,000	-388,977	-409,816	-314,207	-69,409	-105,518	-88,000	-107,690	-183,039	-122,384	-125,407	-139,866	-48,035	0	0	0
Financing activities
Payments on revolving credit facilities
1,117,000	1,145,000	1,096,000	1,156,000	1,180,000	1,118,000	1,036,000	948,000	876,000	696,000	477,000	237,000	32,000	41,000	273,000	605,000	1,045,000	1,343,000	1,454,250	1,459,232	1,370,192	1,501,000	1,764,843	1,962,749	2,057,536	2,150,188	2,154,556	2,081,038	2,429,532	2,422,136	0	0	0	-	-	-	-
Proceeds from revolving credit facilities
902,000	1,016,000	1,009,000	1,190,000	1,292,000	1,280,000	1,311,000	1,261,000	1,118,000	825,000	527,000	237,000	32,000	41,000	135,000	285,000	450,000	670,000	958,491	1,167,614	1,438,886	1,977,000	1,995,426	2,132,051	2,154,160	1,738,213	2,144,675	2,104,610	2,285,792	2,571,835	0	0	0	-	-	-	-
Net proceeds from/(payments) on revolving credit facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Payments on long-term obligations
7,000	4,000	4,000	4,000	4,000	4,000	3,000	16,000	17,000	18,000	120,000	108,000	108,000	108,000	8,000	8,000	258,000	258,000	258,049	258,032	8,016	8,000	7,935	7,577	7,218	6,859	6,500	4,875	3,250	33,081	0	0	0	-	-	-	-
Debt issuance costs paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,000	4,114	865	614	697	12,297	12,497	13,112	20,038	0	0	0	-	-	-	-
Purchase of common stock
-	75,000	138,000	125,000	120,000	125,000	100,000	100,000	80,000	68,000	25,000	42,000	75,000	95,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid on preferred stock
24,000	24,000	24,000	24,000	24,000	24,000	24,000	24,000	24,000	24,000	24,000	24,000	24,000	24,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
-	-	-	-	-	21,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	3,000	3,200	3,149	2,155	3,285	0	0	0	-	-	-	-	-	-	-	-
Repurchases of shares to satisfy tax withholdings
3,000	6,000	6,000	6,000	6,000	5,000	5,000	5,000	5,000	3,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax benefit on stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,145	1,176	801	1,261	0	0	0	-	-	-	-	-	-	-	-
Other
-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by financing activities
-300,000	-238,000	-257,000	-123,000	-26,000	24,000	162,000	180,000	114,000	9,000	-128,000	-176,000	-209,000	-226,000	-270,000	-434,000	-565,000	-599,000	-403,533	-196,940	59,448	467,000	372,879	315,185	241,742	-264,991	-312,036	-372,440	-315,264	-60,492	67,781	215,759	247,016	140,595	0	0	0
Decrease in cash
3,000	-12,000	-3,000	4,000	-14,000	-1,000	-8,000	-5,000	-51,000	-66,000	-174,000	-129,000	-25,000	43,000	180,000	137,000	72,000	50,000	5,573	110	23,107	-1,000	-2,521	-4,797	2,398	-10,812	-1,874	8,146	-26,790	-3,459	3,215	-1,803	16,756	-10,337	0	0	0
Effect of foreign exchange rate on cash
0	-	-	-	-	-	-	-	-	5,000	1,000	-1,000	-3,000	-3,000	0	-3,000	0	-6,000	-3,515	-3,413	-4,059	1,000	212	3,476	321	-1,090	-1,526	-10,329	-4,622	-5,578	-7,823	2,361	-3	262	0	0	0
Supplemental disclosures of cash flow information:
Cash paid for interest
37,000	39,000	40,000	39,000	39,000	37,000	33,000	32,000	28,000	27,000	28,000	27,000	29,000	30,000	31,000	33,000	37,000	43,000	49,109	55,087	57,491	57,000	56,809	55,701	55,345	55,484	82,044	73,583	111,050	104,846	121,372	120,879	126,013	124,039	0	0	0
Cash paid for income taxes
30,000	34,000	32,000	34,000	43,000	39,000	0	0	0	-	-	-	-	11,000	28,000	46,000	81,000	90,000	105,294	112,040	115,044	103,000	95,221	91,495	104,841	110,104	112,925	104,687	89,763	96,526	56,500	47,449	11,684	-1,051	0	0	0