MSA SAFETY INC MSA Cash Flow

Msa safety inc (MSA)

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	Dec'10	Sep'10	Jun'10	Mar'10
Operating Activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
158,075	137,649	131,242	122,693	116,002	125,115	67,399	65,562	44,755	26,956	84,366	77,162	96,479	93,862	88,089	78,653	70,567	67,944	81,191	84,810	83,460	87,927	80,703	80,675	82,571	88,049	82,473	82,946	86,834	91,761	89,138	89,669	80,871	70,045	65,178	54,982	47,435	39,059	0	0	0
Depreciation, Depletion and Amortization
38,334	38,020	37,606	37,437	37,507	37,852	38,797	39,348	38,796	37,877	36,287	35,277	34,869	35,273	35,689	33,752	33,903	31,684	30,256	30,470	29,399	29,921	29,683	30,102	30,378	30,764	31,037	31,568	31,561	31,702	32,037	32,049	32,427	32,866	33,537	32,194	30,657	29,192	0	0	0
Restructuring charges (Note 2)
-	-	-	-	-	-	-	-	-	11,384	11,384	11,384	11,384	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based Payment Arrangement, Noncash Expense
14,537	13,760	12,774	10,633	9,378	12,239	11,685	11,217	11,039	11,758	10,587	10,493	10,038	9,211	8,960	7,763	8,116	7,599	8,097	9,030	8,869	9,053	9,077	9,198	10,307	10,337	12,259	12,664	12,287	10,010	8,374	8,384	7,964	7,732	7,716	7,574	7,519	7,335	0	0	0
Pension expense (Note 14)
5,550	3,382	4,538	5,781	4,461	5,901	6,299	6,580	6,861	7,142	6,545	6,474	6,403	6,332	8,232	9,319	10,714	11,955	9,447	8,064	6,373	4,836	7,835	9,311	10,790	12,268	10,283	8,082	5,878	3,673	844	-1,167	-5,554	-4,967	6,511	6,008	7,857	6,391	0	0	0
Deferred income tax provision (Note 10)
-1,108	1,272	1,511	-590	-1,631	-4,065	-26,882	-23,221	-32,091	-31,320	4,987	4,899	15,483	14,393	-2,332	-2,934	-2,978	-1,699	-3,818	-4,864	-4,684	-5,388	-3,553	-3,211	-3,602	-3,234	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Loss on asset dispositions, net
-468	-371	-339	431	-492	-484	-908	-1,657	-542	-557	-124	-1,308	1,403	1,453	1,299	2,489	1,722	1,745	4,052	4,063	2,135	2,094	-69	462	468	436	1,089	479	8,403	8,396	8,841	10,965	3,314	3,328	6,600	4,682	4,400	5,135	0	0	0
Excess tax benefit related to stock plans (Note 6)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,033	1,347	1,636	2,573	3,192	3,326	3,365	2,246	2,984	2,530	2,313	2,799	2,188	2,190	1,560	632	0	0	0	-	-	-	-
Pension contributions (Note 14)
5,661	5,537	6,289	5,766	5,242	4,718	3,398	3,630	3,862	4,094	3,603	3,728	3,803	3,878	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Currency exchange losses, net
-3,123	-19,814	-17,097	-17,758	-17,283	-2,330	-3,704	-4,519	-6,555	-5,127	-2,263	-2,490	603	-785	-1,338	-4,980	-6,818	-2,471	-4,747	-636	1,331	-1,393	-1,577	-2,989	-4,353	-5,127	-5,151	-4,035	-1,850	-3,151	-3,370	-3,184	-4,265	-2,511	-1,311	-4,425	-3,059	-235	0	0	0
Product liability expense (Note 19)
25,674	26,619	28,013	40,910	45,399	45,327	118,945	107,664	129,256	126,432	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Collections on insurance receivables and notes receivable, insurance companies (Note 17)
15,913	21,035	25,401	92,813	91,974	101,552	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Product liability payments (Note 17)
36,829	54,504	61,310	67,970	75,903	61,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in:
Operating cash flow before changes in certain working capital items
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	53,249	44,768	54,467	64,425	100,500	112,728	117,753	126,853	113,040	105,714	95,921	116,314	119,979	112,756	106,780	87,562	71,613	70,465	54,531	33,809	0	0	0
Trade receivables
16,474	8,855	16,087	17,367	10,937	10,075	15,894	4,571	17,240	6,384	-7,132	30	-24,569	-13,239	-5,486	-1,394	26,897	21,959	27,447	28,465	21,120	23,480	13,579	-4,768	30	13,171	-17,563	-1,563	830	-2,346	11,150	14,388	23,641	217	9,547	6,009	2,701	10,191	0	0	0
Inventories (Note 3)
26,107	23,246	8,651	7,286	12,736	11,122	29,936	37,340	32,339	30,363	12,539	-3,645	-6,173	-14,394	-20,429	-12,791	-8,507	9,403	24,201	19,275	12,417	600	10,167	17,359	14,832	6,296	4,998	-5,604	-6,296	-2,677	-7,219	-1,713	9,500	1,230	5,998	4,755	1,038	10,744	0	0	0
Prepaid expenses and other current assets
-2,837	822	-5,843	2,132	-4,453	-10,866	15,141	26,625	16,390	13,661	16,036	-13,961	8,664	14,419	-1,784	605	3,767	7,584	8,141	576	567	-9,698	-6,675	18,451	7,411	7,337	11,923	-11,070	-6,681	-11,363	-7,009	-91	-13,360	459	-6,529	-6,562	7,840	-7,587	0	0	0
Accounts payable and accrued liabilities
9,490	5,801	2,824	2,983	31,834	17,985	24,201	27,062	13,635	17,870	79,436	18,484	-8,102	-7,603	-89,554	-65,608	-21,539	19,690	72,599	102,982	60,608	56,988	13,448	22,628	18,642	10,732	12,466	-16,727	15,032	17,776	12,829	31,435	12,166	-398	5,850	-3,978	14,574	11,145	0	0	0
Deferred income tax (benefit) provision
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	7,952	7,149	10,782	7,162	0	0	0
Other noncurrent assets and liabilities
10,470	9,797	8,911	-5,090	6,077	5,778	-20,174	73,702	72,906	-8,467	12,176	-84,725	-89,828	-2,258	1,101	12,148	25,178	44,587	60,547	71,293	52,859	49,405	22,134	17,962	19,066	18,162	27,429	32,274	32,667	14,104	10,416	13,650	33,524	24,130	30,189	24,085	11,567	32,493	0	0	0
Other, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,411	-	9,592	5,036	6,912	5,168	-435	-5,414	-5,855	-4,386	-4,927	-2,305	-1,188	-1,103	3,463	3,288	2,403	1,335	-2,190	-2,891	3,561	1,693	0	0	0
Changes in certain working capital items
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-12,810	-54,666	-26,504	-42,606	3,623	8,414	3,631	16,072	-13,108	-1,510	-27,179	-34,162	-15,907	-18,851	7,615	2,304	3,166	8,180	-2,995	2,203	0	0	0
Cash Flow From Operating Activities
177,352	164,962	165,940	236,050	247,751	263,887	227,287	149,436	151,299	230,336	292,703	268,654	242,290	134,894	76,861	60,063	60,911	55,254	66,059	99,434	80,971	107,031	96,877	104,314	114,122	110,781	126,148	107,224	123,100	150,476	135,886	131,607	108,047	85,258	68,447	62,285	48,644	31,606	0	0	0
Investing Activities
Capital expenditures
38,269	36,604	38,863	38,673	35,616	33,960	30,615	26,410	25,524	23,725	21,107	21,055	21,146	25,523	27,239	30,821	34,591	36,241	34,498	35,070	33,848	33,583	34,536	34,089	36,269	36,517	33,474	31,351	31,617	32,209	34,009	34,177	31,047	30,390	29,725	30,274	28,857	25,024	0	0	0
Purchase of short-term investments (Note 16)
186,316	169,245	165,291	160,282	125,563	73,022	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturities of short-term investments (Note 16)
191,070	174,670	150,170	87,958	51,600	18,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property disposals
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	-15,708	-	0	0	0	-	-	-	-	0	20,737	21,904	5,317	5,269	0	0	0	-	-	-	-	-	0	0	0
Other investing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Cash Flow Used in Investing Activities
-66,413	-64,157	-86,471	-142,584	-105,038	-84,395	-85,919	-239,504	-241,107	-239,201	-233,981	-37,285	-36,631	-25,465	-207,786	-194,074	-191,132	-208,490	-23,644	-24,216	-30,963	-30,698	-34,509	-32,815	-34,956	-35,157	-34,018	-33,062	-16,741	-17,285	-1,999	9	-12,298	-11,703	-284,212	-286,991	-286,695	-281,575	0	0	0
Financing Activities
Payments on short-term debt, net
-156	-65	-4	-100	43	51	5	68	-70	13	-75	4	56	0	-62	157	-422	5	175	25	460	-796	-451	-360	-1,223	662	-293	-209	70	-128	201	399	1,193	137	-40,892	-44,509	-24,668	-6,169	0	0	0
Proceeds from long-term debt (Note 12)
1,109,000	864,000	743,000	589,000	458,000	462,500	486,000	703,000	673,000	637,000	541,500	330,500	313,900	382,664	475,120	554,120	582,720	510,456	418,000	294,000	285,000	406,000	418,000	423,000	410,000	295,100	279,100	279,100	252,100	183,500	208,000	201,000	187,000	164,000	0	0	0	-	-	-	-
Payments on long-term debt (Note 12)
1,111,500	880,500	757,000	617,167	542,167	570,167	565,334	543,467	508,648	559,767	542,516	512,676	484,934	443,572	383,181	356,721	371,282	291,525	300,667	312,667	295,667	421,667	429,666	434,666	411,666	306,766	294,100	281,100	287,100	246,500	0	0	0	-	-	-	-	-	-	-	-
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-762	-833	139	264	307	249	373	86	-3,289	-3,289	-3,107	-2,790	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid
65,202	63,523	61,858	60,201	58,510	57,248	55,942	54,694	53,472	52,537	51,599	50,614	49,593	49,074	48,607	48,142	47,763	47,380	46,991	46,607	45,958	45,586	45,343	44,962	44,803	43,994	53,423	52,623	51,812	50,990	39,792	38,966	38,149	37,741	37,342	36,881	36,427	35,928	0	0	0
Distributions to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	556	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Company stock purchases (Note 7)
32,932	12,648	11,585	11,956	9,597	4,824	5,156	16,564	16,375	17,513	16,656	5,021	4,102	1,881	1,536	1,520	8,719	9,885	10,488	10,888	3,513	5,654	5,928	5,772	12,649	11,785	11,813	11,433	5,233	3,508	2,946	2,863	2,414	624	5,217	6,430	7,817	7,572	0	0	0
Exercise of stock options (Note 7)
8,768	7,500	6,607	7,539	9,217	8,600	12,262	10,736	13,081	18,500	18,787	20,170	16,064	12,500	6,704	5,123	3,474	1,930	1,783	3,885	4,820	6,926	6,936	5,478	9,949	9,600	10,428	9,647	5,833	4,306	3,580	4,064	2,639	1,316	5,512	6,242	7,806	7,809	0	0	0
Excess tax benefit related to stock plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	52	-	1,033	1,347	1,636	2,573	3,192	3,326	3,365	2,246	2,984	2,530	2,313	2,799	2,188	2,190	1,976	632	3,440	3,439	3,439	3,462	0	0	0
Cash Flow Used in Financing Activities
-91,410	-84,624	-80,247	-95,002	-145,195	-163,269	-130,380	98,984	107,423	25,603	-50,964	-217,756	-209,035	-99,346	48,496	153,327	158,937	164,949	62,940	-70,752	-53,423	-58,118	-55,508	-56,485	-49,738	-58,240	-67,673	-54,363	-84,104	-110,521	-117,769	-125,176	-104,255	-71,280	228,501	221,861	239,833	246,602	0	0	0
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-4,777	-4,242	-8,934	-6,363	-18,092	-13,508	-5,385	-5,268	5,927	6,189	-3,257	-2,983	-5,694	-3,479	-881	-4,301	-3,116	-11,786	-13,367	-12,515	-12,496	-8,482	-5,515	-1,244	-4,009	-3,837	-2,903	-2,448	-2,110	110	-484	-5,154	-1,833	-2,097	-1,327	6,480	3,309	1,144	0	0	0
Decrease in cash, cash equivalents and restricted cash
14,752	11,939	-9,712	-7,899	-20,574	2,715	5,603	3,648	23,542	22,927	4,501	10,630	-9,070	6,604	-83,310	15,015	25,600	-73	91,988	-8,049	-15,911	9,733	1,345	13,770	25,419	13,547	21,554	17,351	20,145	22,780	15,634	1,286	-10,339	178	11,409	3,635	5,091	-2,223	0	0	0