Msc industrial direct co., inc. (MSM)
CashFlow / Quarterly
Feb'20Nov'19Aug'19Jun'19Mar'19Dec'18Sep'18May'18Feb'18Dec'17May'17Feb'17Nov'16Aug'16May'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11May'11Feb'11Nov'10Aug'10May'10Feb'10Nov'09
Cash Flows from Operating Activities:
Net income

55,556

65,452

66,621

79,514

68,430

74,232

73,017

79,069

117,552

59,585

62,836

53,559

54,288

61,846

64,816

49,525

55,029

59,022

63,342

51,527

57,417

62,813

64,696

49,512

59,046

56,375

62,354

56,079

63,187

68,915

70,211

60,068

59,837

59,451

62,086

49,689

47,560

44,057

44,247

30,649

31,420

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

17,288

17,025

16,838

16,463

16,230

15,846

16,021

15,826

15,558

15,749

15,922

15,368

15,447

18,587

17,962

17,456

17,925

17,634

17,650

17,433

17,012

16,592

16,295

15,998

16,061

15,485

12,925

11,048

10,021

9,444

8,910

8,546

7,823

7,628

7,315

7,143

7,073

6,799

6,295

6,378

6,577

Non-cash operating lease cost

5,517

5,544

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

4,017

4,161

4,116

4,089

3,904

4,174

3,659

3,686

3,695

3,894

3,450

3,387

3,538

3,683

3,303

3,378

3,621

2,896

3,097

3,163

5,039

3,668

3,753

5,035

4,232

3,835

3,885

3,851

4,253

3,852

3,839

3,743

3,828

3,711

3,700

3,744

3,613

3,416

3,328

3,683

3,098

Loss on disposal of property, plant, and equipment

-87

-140

-91

18

-202

-141

-199

-102

-52

-126

16

-284

-49

-213

-149

-143

-247

-788

-294

-141

-230

-1,111

-163

-1,022

-65

-150

-146

-585

-60

-253

-874

-1

-1

-113

-1

-1

-1

-

-

-

-

Provision for doubtful accounts

2,178

2,526

1,750

2,963

3,236

2,814

1,982

1,549

1,709

1,698

1,298

2,110

1,305

1,501

255

2,244

2,997

2,360

1,586

2,239

480

1,466

625

1,420

1,118

1,388

520

475

1,116

1,040

150

829

1,541

784

430

821

698

863

-338

568

799

Deferred income taxes and tax uncertainties

-

-

-

-

-

-

-

-

-

-

-

-

-

15,085

0

0

-78

-

-

-

-

-

-

-

-

-

-

-

-

-260

5,009

-6,179

4,195

1,332

3,332

6,971

3,635

1,341

2,280

582

2,253

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

906

363

113

154

186

84

1,895

1,791

739

598

131

4,012

477

828

1,284

3,451

44

641

1,419

2,784

20

2,225

1,460

3,651

243

2,058

724

1,749

Changes in operating assets and liabilities:
Accounts receivable

4,670

-2,565

-3,232

9,670

9,880

10,630

15,393

1,973

23,170

9,291

9,050

40,659

1,021

-605

5,591

4,986

-12,567

-200

1,325

18,085

10,137

14,832

4,959

17,838

3,831

8,839

-2,782

17,504

-7,931

63

6,367

18,341

5,442

3,657

10,697

18,853

5,097

8,498

18,409

17,757

13,220

Inventories

17,178

-20,627

-1,144

-10,970

34,839

9,803

6,495

-6,908

29,389

4,259

1,545

10,990

10,299

-17,015

-2,879

-27,321

-13,832

-3,824

4,777

13,265

44,790

20,516

35,701

-22,690

-3,185

4,675

162

-22,331

-5,915

807

14,685

13,683

16,131

18,704

16,591

-1,412

13,012

19,437

23,648

56

-3,393

Prepaid expenses and other current assets

7,771

182

-2,525

-2,518

11,315

2,044

5,870

-4,462

1,794

1,663

4,204

4,135

-3,792

5,955

-10,014

7,136

3,226

-301

-12,391

6,627

4,797

1,441

464

7,609

-3,195

-9,517

1,642

5,333

4,161

-5,239

2,641

5,421

3,775

2,791

-1,832

-124

947

1,727

1,754

2,349

-2,471

Operating lease liabilities

-5,506

-5,425

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

-706

-669

1,455

-936

2,298

-753

2,097

-861

-1,078

-1,252

-1,203

-1,521

465

2,750

-2,239

-70

-583

4,710

-1,216

-2,068

-72

27

-1,019

-1,150

285

3,946

228

-1,317

-1,073

3,120

-954

-1,492

-1,942

4,654

-2,055

-1,395

-3,223

5,703

-2,590

-2,583

-2,656

Accounts payable and accrued liabilities

20,479

-27,990

32,067

-19,143

-11,958

1,383

22,776

1,560

-7,884

14,888

-7,513

251

9,326

6,357

7,179

-27,032

18,767

-10,434

22,004

-46,784

39,017

-14,146

30,316

-24,146

25,606

4,835

30,056

-25,907

3,425

4,627

5,532

-1,765

-4,843

21,478

13,729

-12,589

-1,170

19,724

22,462

3,868

9,129

Total adjustments

15,147

19,660

74,605

9,108

-46,718

2,634

36,404

32,981

-81,344

22,394

-361

-32,863

21,672

53,435

38,026

11,345

67,081

27,796

52,024

-61,672

335

-17,035

10,449

-2,409

45,334

23,633

48,048

-10,421

26,182

20,161

934

-32,197

-13,645

5,220

2,881

-11,291

-5,634

-3,463

-9,247

-3,213

15,407

Net cash provided by operating activities

70,703

85,112

141,226

88,622

21,712

76,866

109,421

112,050

36,208

81,979

62,475

20,696

75,960

115,281

102,842

60,870

122,110

86,818

115,366

-10,145

57,752

45,778

75,145

47,103

104,380

80,008

110,402

45,658

89,369

89,076

71,145

27,871

46,192

64,671

64,967

38,398

41,926

40,594

35,000

27,436

46,827

Cash Flows from Investing Activities:
Expenditures for property, plant and equipment

13,048

12,689

15,817

12,800

13,103

10,053

14,125

13,533

8,233

9,028

12,415

13,011

12,497

53,216

7,933

11,206

15,575

13,229

13,031

11,787

13,358

14,735

21,957

21,419

12,506

26,947

21,999

23,313

16,993

18,938

11,431

9,051

8,271

5,988

5,501

9,535

4,455

8,788

8,794

7,587

5,135

Investment in available for sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12

987

3,658

20,366

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash used in business acquisitions, net of cash acquired

-

-

-

-

-

-

1,155

85,107

0

738

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-1,434

-

-

-

0

0

1,055

31,150

1,246

-

-

-

-

-

-

-

-

Net cash used in investing activities

-15,334

-12,689

-15,817

14,225

-24,728

-10,053

-15,280

-98,640

-8,233

-9,766

-12,415

-13,011

-12,497

-53,216

-7,933

-11,206

-15,575

-13,229

-13,031

-11,787

-13,358

-14,747

-22,944

-25,077

-31,438

-26,947

-570,768

-23,313

-16,993

-18,938

-12,486

-40,201

-9,517

-24,863

-4,559

-20,550

-4,455

-8,788

-8,794

-7,587

-5,135

Cash Flows from Financing Activities:
Repurchases of common stock

199

3,009

147

39

20,898

63,527

56,985

3,656

17,710

4,018

15

170

3,207

364,426

160

13,416

5,796

7,003

113

22,708

3,590

75,753

171

439

114,996

117

27

123

3,506

112

44,547

108

3,331

66,560

87

767

1,865

46,033

11

1,136

1,064

Payments of regular cash dividends

41,645

41,536

41,401

34,757

34,693

34,858

32,797

32,760

32,786

27,087

25,622

25,515

25,495

26,427

26,403

26,557

26,391

24,685

24,675

24,905

24,563

20,597

20,580

20,515

20,915

19,017

18,988

18,948

18,907

15,683

15,819

15,776

15,746

14,071

14,008

13,949

77,229

13,802

12,696

12,633

12,595

Payment of special cash dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,185

184,218

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

363

113

154

186

84

1,895

1,791

739

598

131

4,012

477

828

1,284

3,451

44

641

1,419

2,784

20

2,225

1,460

3,651

243

2,058

724

1,749

Proceeds from sale of Class A common stock in connection with associate stock purchase plan

1,171

1,031

1,128

1,043

1,475

954

1,063

1,022

1,417

959

969

1,287

909

1,188

914

1,156

826

1,014

945

1,384

942

1,076

933

1,176

813

894

797

1,231

863

757

849

1,042

739

667

727

895

694

637

707

622

632

Proceeds from exercise of Class A common stock options

8,857

4,533

113

1,009

5,189

9,329

1,108

6,742

13,988

2,405

667

15,002

6,931

2,329

4,191

622

268

2,271

408

2,059

6,381

2,882

5,381

8,126

4,058

1,678

4,085

4,877

11,024

2,856

2,755

6,244

10,567

308

11,858

8,356

17,161

947

13,518

847

7,491

Borrowings under the revolving credit facilities

320,600

69,000

24,000

32,000

81,000

245,000

70,000

98,000

50,000

24,000

361,000

63,000

15,000

217,000

22,000

31,000

35,000

30,000

8,000

63,000

235,000

85,000

0

0

50,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Private Placement Loan financing costs

-

-

-

-

-

-

-

-

-

-

-

-

142

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments under the revolving credit facilities

49,000

107,000

115,000

67,000

10,000

259,000

130,000

74,000

81,000

65,000

393,500

57,500

78,500

46,250

87,250

56,250

111,250

61,250

89,250

16,250

76,250

23,125

38,125

13,125

3,125

-

-

-

-

-

-

-

-

42

45

18,731

20,543

20,544

12,855

12,855

12,855

Payments on capital lease and financing obligations

-

-

-

-

-

-

-

-

-

-

-

-

388

-

233

206

161

716

252

555

767

306

468

756

321

319

371

331

279

664

446

139

136

-

-

-

-

-

-

-

-

Borrowings under financing obligations

-

-

-

-

-

-

-

-

-

-

-

-

739

-

0

0

453

0

0

0

530

-

-

-

-

-

-

-

-

-

0

236

814

-

-

-

-

-

-

-

-

Other, net

-516

-180

0

662

-512

753

800

-296

-535

606

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-38,261

-77,161

-131,670

-95,089

22,479

-101,349

-87,877

-4,948

-16,626

-68,135

-58,172

-4,141

-84,153

-41,355

-86,578

-63,538

-106,897

-60,183

-104,853

2,735

-44,744

-29,211

-52,206

-25,148

-80,474

-55,252

274,420

-11,753

-7,354

-12,660

-56,567

-7,082

-4,309

-80,616

670

-22,736

-78,131

-78,552

-104,279

-24,431

-16,642

Effect of foreign exchange rate changes on cash and cash equivalents

-19

230

-224

-154

89

-66

-40

-77

7

91

88

-64

-78

-148

37

-45

-26

-2

-44

-82

-100

-24

40

15

86

50

14

-149

31

26

-24

59

-91

-4

18

18

14

37

27

-92

-2

Net increase (decrease) in cash and cash equivalents

17,089

-4,508

-6,485

7,604

19,552

-34,602

6,224

8,385

11,356

4,169

-8,024

3,480

-20,768

20,562

8,368

-13,919

-388

13,404

-2,562

-19,279

-450

1,796

35

-3,107

-7,446

-2,141

-185,932

10,443

65,053

57,504

2,068

-19,353

32,275

-40,812

61,096

-4,870

-40,646

-46,709

-78,046

-4,674

25,048

Supplemental Disclosure of Cash Flow Information:
Cash paid for income taxes

35,496

1,790

9,921

21,579

46,073

1,761

23,751

26,474

48,522

1,757

32,974

56,754

1,983

26,787

30,667

66,016

4,495

34,435

20,517

62,513

5,523

37,112

24,384

63,063

3,999

28,235

24,555

71,553

5,999

32,352

34,460

72,237

6,602

28,063

29,695

48,249

2,994

23,911

16,677

33,941

3,153

Cash paid for interest

4,741

895

5,857

2,475

6,631

1,685

5,217

1,678

4,485

2,068

1,826

4,124

1,400

1,108

1,131

1,500

1,247

1,653

1,854

1,499

837

718

756

862

751

914

336

26

5

21

34

0

0

0

1

24

68

112

289

285

344