Msa safety inc (MSA)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Operating Activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

43,802

31,549

42,612

40,112

23,376

25,142

34,063

33,421

32,489

-32,574

32,226

12,614

14,690

24,836

25,022

31,931

12,073

19,063

15,586

23,845

9,450

32,310

19,205

22,495

13,917

25,086

19,177

24,391

19,395

19,510

19,650

28,279

24,322

16,887

20,181

19,481

13,496

12,020

9,985

11,934

5,120

Depreciation, Depletion and Amortization

9,640

9,681

9,547

9,466

9,326

9,267

9,378

9,536

9,671

10,212

9,929

8,984

8,752

8,622

8,919

8,576

9,156

9,038

6,982

8,727

6,937

7,610

7,196

7,656

7,459

7,372

7,615

7,932

7,845

7,645

8,146

7,925

7,986

7,980

8,158

8,303

8,425

8,651

6,815

6,766

6,960

Restructuring charges (Note 2)

-

-

-

-

-

-

-

-

-

0

0

0

11,384

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based Payment Arrangement, Noncash Expense

3,522

3,630

4,044

3,341

2,745

2,644

1,903

2,086

5,606

2,090

1,435

1,908

6,325

919

1,341

1,453

5,498

668

144

1,806

4,981

1,166

1,077

1,645

5,165

1,190

1,198

2,754

5,195

3,112

1,603

2,377

2,918

1,476

1,613

1,957

2,686

1,460

1,471

1,902

2,502

Pension expense (Note 14)

2,216

281

245

2,808

48

1,437

1,488

1,488

1,488

1,835

1,769

1,769

1,769

1,238

1,698

1,698

1,698

3,138

2,785

3,093

2,939

630

1,402

1,402

1,402

3,629

2,878

2,881

2,880

1,644

677

677

675

-1,185

-1,334

-3,710

1,262

10,293

-1,837

-1,861

-204

Deferred income tax provision (Note 10)

-546

848

-425

-985

1,834

1,087

-2,526

-2,026

-600

-21,730

1,135

-10,896

171

14,577

1,047

-312

-919

-2,148

445

-356

360

-4,267

-601

-176

-344

-2,432

-259

-567

24

-

-

-

-

-

-

-

-

-

-

-

-

Loss on asset dispositions, net

-122

-100

-38

-208

-25

-68

732

-1,131

-17

-492

-17

-16

-32

-59

-1,201

2,695

18

-213

-11

1,928

41

2,094

0

0

0

-69

531

6

-32

584

-79

7,930

-39

1,029

2,045

279

-25

4,301

127

-3

710

Excess tax benefit related to stock plans (Note 6)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

58

832

137

320

347

1,769

756

454

386

650

1,494

0

169

1,136

883

2

-461

208

-

-

-

-

Pension contributions (Note 14)

1,891

237

1,766

1,767

1,767

989

1,243

1,243

1,243

-331

1,475

1,475

1,475

-822

1,600

1,550

1,550

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Currency exchange losses, net

-270

-2,476

913

-1,290

-16,961

241

252

-815

-2,008

-1,133

-563

-2,851

-580

1,731

-790

242

-1,968

1,178

-4,432

-1,596

2,379

-1,098

-321

371

-345

-1,282

-1,733

-993

-1,119

-1,306

-617

1,192

-2,420

-1,525

-431

111

-666

-325

-3,545

1,477

2,158

Product liability expense (Note 19)

1,951

18,464

1,730

3,529

2,896

19,858

14,627

8,018

2,824

93,476

3,346

29,610

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Collections on insurance receivables and notes receivable, insurance companies (Note 17)

3,000

2,311

7,435

3,167

8,122

6,677

74,847

2,328

17,700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Product liability payments (Note 17)

2,328

10,653

9,681

14,167

20,003

17,459

16,341

22,100

5,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in:
Operating cash flow before changes in certain working capital items

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

28,970

21,647

-5,149

7,781

20,489

31,346

4,809

43,856

32,717

36,371

13,909

30,043

25,391

26,578

34,302

33,708

18,168

20,602

15,084

17,759

17,020

4,668

-5,638

Trade receivables

15,339

3,441

-3,775

1,469

7,720

10,673

-2,495

-4,961

6,858

16,492

-13,818

7,708

-3,998

2,976

-6,656

-16,891

7,332

10,729

-2,564

11,400

2,394

16,217

-1,546

4,055

4,754

6,316

-19,893

8,853

17,895

-24,418

-3,893

11,246

14,719

-10,922

-655

20,499

-8,705

-1,592

-4,193

17,191

-1,215

Inventories (Note 3)

18,988

-10,750

8,575

9,294

16,127

-25,345

7,210

14,744

14,513

-6,531

14,614

9,743

12,537

-24,355

-1,570

7,215

4,316

-30,390

6,068

11,499

22,226

-15,592

1,142

4,641

10,409

-6,025

8,334

2,114

1,873

-7,323

-2,268

1,422

5,492

-11,865

3,238

12,635

-2,778

-7,097

1,995

8,918

6,928

Prepaid expenses and other current assets

4,396

-9,933

7,266

-4,566

8,055

-16,598

15,241

-11,151

1,642

9,409

26,725

-21,386

-1,087

11,784

-3,272

1,239

4,668

-4,419

-883

4,401

8,485

-3,862

-8,448

4,392

-1,780

-839

16,678

-6,648

-1,854

3,747

-6,315

-2,259

-6,536

8,101

603

-15,528

7,283

1,113

570

-1,126

-8,144

Accounts payable and accrued liabilities

-6,834

9,448

9,754

-2,878

-10,523

6,471

9,913

25,973

-24,372

12,687

12,774

12,546

-20,137

74,253

-48,178

-14,040

-19,638

-7,698

-24,232

30,029

21,591

45,211

6,151

-12,345

17,971

1,671

15,331

-16,331

10,061

3,405

-13,862

15,428

12,805

-1,542

4,744

-3,841

241

4,706

-5,084

14,711

-3,188

Deferred income tax (benefit) provision

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

726

-258

531

-

332

-3,758

2,101

9,277

-471

-125

-1,519

Other noncurrent assets and liabilities

594

8,428

-151

1,599

-79

7,542

-14,152

12,766

-378

-18,410

79,724

11,970

-81,751

2,233

-17,177

6,867

5,819

5,592

-6,130

19,897

25,228

21,552

4,616

1,463

21,774

-5,719

444

2,567

20,870

3,548

5,289

2,960

2,307

-140

8,523

22,834

-7,087

5,919

2,419

10,316

13,839

Other, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,861

-

7,731

-2,381

1,336

2,906

3,175

-505

-408

-2,697

-1,804

-946

1,061

-3,238

818

171

1,146

1,328

643

-714

78

-2,197

-58

5,738

-1,790

Changes in certain working capital items

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26,853

-2,729

11,514

-48,448

-15,003

25,433

-4,588

-2,219

-10,212

20,650

7,853

-31,399

1,386

-5,019

870

-13,144

-1,558

21,447

-4,441

-12,282

3,456

10,272

757

Cash Flow From Operating Activities

13,607

76,712

50,705

36,328

1,217

77,690

120,815

48,029

17,353

41,090

42,964

49,892

96,390

103,457

18,915

23,528

-11,006

45,424

2,117

24,376

-16,663

56,229

35,492

5,913

9,397

46,075

42,929

15,721

6,056

61,442

24,005

31,597

33,432

46,852

19,726

8,037

10,643

30,041

13,564

-5,604

-6,395

Investing Activities
Capital expenditures

6,562

13,081

9,998

8,628

4,897

15,340

9,808

5,571

3,241

11,995

5,603

4,685

1,442

9,377

5,551

4,776

5,819

11,093

9,133

8,546

7,469

9,350

9,705

7,324

7,204

10,303

9,258

9,504

7,452

7,260

7,135

9,770

8,044

9,060

7,303

6,640

7,387

8,395

7,852

5,223

3,554

Purchase of short-term investments (Note 16)

69,612

19,886

62,099

34,719

52,541

15,932

57,090

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from maturities of short-term investments (Note 16)

50,000

42,500

62,212

36,358

33,600

18,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property disposals

-92

-

-42

-69

-12

-

-942

-3,001

-58

-

-52

-512

-165

-

-967

-1,257

-15,708

-

0

-7,969

0

-

-

-

-

1,333

-1,247

-39

-47

22,070

-80

-16,626

-95

-

-

-

-

-

0

70

-1,320

Other investing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33

-

-

-

-

Cash Flow Used in Investing Activities

-26,082

9,628

-9,843

-40,116

-23,826

-12,686

-65,956

-2,570

-3,183

-14,210

-219,541

-4,173

-1,277

-8,990

-22,845

-3,519

9,889

-191,311

-9,133

-577

-7,469

-6,465

-9,705

-7,324

-7,204

-10,276

-8,011

-9,465

-7,405

-9,137

-7,055

6,856

-7,949

6,149

-5,047

-5,451

-7,354

-266,360

-7,826

-5,155

-2,234

Financing Activities
Payments on short-term debt, net

0

-2

-127

-27

91

59

-223

116

99

13

-160

-22

182

-75

-81

30

126

-137

138

-549

553

33

-12

-114

-703

378

79

-977

1,182

-577

163

-698

984

-248

361

96

-72

-41,277

-3,256

19,937

18,427

Proceeds from long-term debt (Note 12)

378,000

243,000

246,000

242,000

133,000

122,000

92,000

111,000

137,500

145,500

309,000

81,000

101,500

50,000

98,000

64,400

170,264

142,456

177,000

93,000

98,000

50,000

53,000

84,000

219,000

62,000

58,000

71,000

104,100

46,000

58,000

44,000

35,500

70,500

51,000

30,000

12,500

-

-

-

-

Payments on long-term debt (Note 12)

350,000

272,500

270,000

219,000

119,000

149,000

130,167

144,000

147,000

144,167

108,300

109,181

198,119

126,916

78,460

81,439

156,757

66,525

52,000

96,000

77,000

75,667

64,000

79,000

203,000

83,666

69,000

56,000

98,100

71,000

56,000

62,000

57,500

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

129

-1,278

-155

542

58

-306

-30

585

0

-182

-317

-2,790

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends paid

16,331

16,308

16,281

16,282

14,652

14,643

14,624

14,591

13,390

13,337

13,376

13,369

12,455

12,399

12,391

12,348

11,936

11,932

11,926

11,969

11,553

11,543

11,542

11,320

11,181

11,300

11,161

11,161

10,372

20,729

10,361

10,350

9,550

9,531

9,535

9,533

9,142

9,132

9,074

9,079

8,643

Distributions to noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

281

0

275

-

-

-

-

-

-

-

-

-

-

-

-

Company stock purchases (Note 7)

27,730

1,588

93

3,521

7,446

525

464

1,162

2,673

857

11,872

973

3,811

0

237

54

1,590

-345

221

7,253

2,756

258

621

-122

4,897

532

465

6,755

4,033

560

85

555

2,308

-2

2

106

518

4,591

1,215

1,493

273

Exercise of stock options (Note 7)

2,733

3,339

929

1,767

1,465

2,446

1,861

3,445

848

6,108

335

5,790

6,267

6,395

1,718

1,684

2,703

599

137

35

1,159

452

2,239

970

3,265

462

781

5,441

2,916

1,290

0

1,627

1,389

564

484

202

66

4,760

1,214

1,766

69

Excess tax benefit related to stock plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

74

-796

288

-

6

58

832

137

320

347

1,769

756

454

386

650

1,494

0

169

1,136

883

2

-45

-208

3,691

1

-45

-185

Cash Flow Used in Financing Activities

-13,328

-43,791

-39,572

5,281

-6,542

-39,414

-54,327

-44,912

-24,616

-6,525

175,037

-36,473

-106,436

-83,092

8,245

-27,752

3,253

64,750

113,076

-22,142

9,265

-37,259

-20,616

-4,813

4,570

-34,649

-21,593

1,934

-3,932

-44,082

-8,283

-27,807

-30,349

-51,330

-15,690

-6,886

2,626

248,451

-22,330

11,086

9,395

Effect of exchange rate changes on cash, cash equivalents and restricted cash

-3,756

1,136

-4,393

2,236

-3,221

-3,556

-1,822

-9,493

1,363

4,567

-1,705

1,702

1,625

-4,879

-1,431

-1,009

3,840

-2,281

-4,851

176

-4,830

-3,862

-3,999

195

-816

-895

272

-2,570

-644

39

727

-2,232

1,576

-555

-3,943

1,089

1,312

215

3,864

-2,082

-853

Decrease in cash, cash equivalents and restricted cash

-29,559

43,685

-3,103

3,729

-32,372

22,034

-1,290

-8,946

-9,083

24,922

-3,245

10,948

-9,698

6,496

2,884

-8,752

5,976

-83,418

101,209

1,833

-19,697

8,643

1,172

-6,029

5,947

255

13,597

5,620

-5,925

8,262

9,394

8,414

-3,290

1,116

-4,954

-3,211

7,227

12,347

-12,728

-1,755

-87