Materion corporation (MTRN)
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'11
Cash flows from operating activities:
Net (loss) income

-3,103

14,751

3,463

15,540

16,906

-20,828

19,966

11,144

10,564

-8,232

9,320

7,313

3,050

6,778

8,045

5,549

5,368

6,715

7,392

9,067

8,984

12,266

12,560

9,974

7,331

4,280

4,992

4,155

6,785

2,503

8,114

7,929

6,118

762

13,527

13,872

11,818

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation, depletion, and amortization

14,274

9,161

9,348

13,540

9,067

9,018

8,157

9,142

9,207

9,307

12,719

10,635

10,090

11,272

10,882

12,189

11,308

9,355

8,345

8,208

11,909

15,913

4,715

9,962

12,131

10,807

12,186

10,084

8,572

8,123

8,483

8,489

11,951

11,280

9,930

10,532

11,893

Amortization of deferred financing costs in interest expense

182

280

248

236

236

280

206

253

261

230

230

210

230

249

136

130

151

157

166

183

148

168

271

178

178

178

176

163

162

162

162

168

157

218

108

116

117

Stock-based compensation expense (non-cash)

1,492

1,940

1,689

1,994

1,547

1,531

1,618

1,393

771

-

-

-

2,338

294

961

1,031

888

973

1,161

1,075

2,282

-

-

-

-

861

1,427

1,477

1,199

1,546

1,515

1,417

1,411

1,407

1,402

1,201

990

Loss (gain) on sale of property, plant, and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

47

-94

-25

720

-458

-2

-234

-74

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax expense (benefit)

1,227

8,309

-1,147

-4,207

-371

-6,659

5,770

-788

359

21,329

-415

-1,354

696

-9,686

-813

371

1,118

8,209

-1,910

-1,938

7

-5,203

-13

-41

-17

-1,921

917

785

-1,951

-3,274

-548

65

1,295

-

-

-

-

Asset Impairment Charges

10,766

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Decrease (increase) in accounts receivable

-11,049

-12,213

24,368

-2,920

14,698

-3,055

-1,786

3,478

8,582

-3,088

-9,310

17,238

13,644

-15,685

6,768

-1,676

14,689

-16,360

-3,039

-845

5,467

-13,118

6,504

466

8,214

-8,973

-8,299

901

4,255

-15,735

14,949

-16,290

21,792

-43,155

7,710

-4,467

13,094

Decrease (increase) in other receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-520

-1,400

-2,473

2,130

-207

-351

-942

Decrease (increase) in inventory

16,723

-1,942

-20,783

-10,867

9,561

15,520

-9,326

-5,331

-5,097

-491

3,455

-3,095

9,593

-7,497

-2,141

-1,680

527

-9,444

-7,778

-8,075

5,925

6,264

7,589

3,196

13,363

8,228

4,225

-442

-3,770

-4,915

1,842

20,572

1,381

-8,275

11,486

5,607

21,198

Decrease (increase) in prepaid and other current assets

-1,127

-1,834

-172

32

556

3,486

280

-5,562

634

5,529

-3,190

7,832

1,435

-1,614

174

775

7

-4,104

-2,072

1,557

2,480

-388

-2,079

2,811

-153

-4,592

6,974

-6,639

-2,390

-5,335

3,617

247

988

-3,062

5,072

4,281

1,280

Increase (decrease) in accounts payable and accrued expenses

-13,002

-4,461

4,699

-2,783

-16,030

19,110

3,899

2,119

-16,308

16,442

2,472

16,354

-835

4,965

5,664

7,214

-15,085

1,310

-2,417

1,612

-18,494

3,849

11,280

7,509

-16,474

13,477

5,927

-990

-26,153

14,277

137

6,585

-19,527

2,245

1,590

5,589

-12,004

Increase (Decrease) in Deferred Revenue

-938

-1,810

-640

636

-724

-

-

-

-

-

-

-

-

-44

-1,803

-488

-255

-411

-490

-5,793

5,510

3,641

-877

175

1,462

18

-5

-1,109

32

-175

154

-686

-784

1,024

-817

-197

651

Increase (decrease) in interest and taxes payable

368

694

-369

-3,655

2,525

-5,122

3,473

458

1,626

1,569

-968

122

-1,237

1,613

-412

301

1,009

-1,806

-2,344

1,926

1,314

-4,856

585

2,784

2,648

2,283

-69

-296

473

-1,747

-777

-2,076

2,276

-10,076

8,531

-6,400

2,054

Domestic pension plan contributions

0

0

-1,500

-1,500

-1,500

-4,000

-25,000

-4,000

-9,000

-8,000

-4,000

0

-4,000

-6,680

-3,099

-3,301

-2,920

-3,748

-3,374

-281

-1,520

7,628

-3,557

-3,748

-7,671

5,727

-1,257

2,934

-525

-1,435

2,841

-5,380

-1,079

-5,077

-9,261

-32

-1,623

Other-net

4,865

5,559

677

-2,603

-200

-6,167

1,966

6,635

-818

2,042

758

-2,044

-1,097

1,916

881

1,677

-79

2,728

561

-422

-395

5,833

3,097

-1,702

-1,409

-3,142

835

1,073

833

2,798

384

673

-512

7,637

2,680

-5,794

-20

Net cash used in operating activities

9,130

39,686

29,490

42,663

-12,617

27,131

19,939

37,479

-8,175

32,298

35,194

17,132

-16,829

40,958

17,361

26,537

-16,676

46,166

23,801

25,110

-4,067

39,254

22,511

21,727

-23,211

37,407

20,395

22,886

-4,766

45,994

1,673

13,925

-22,972

68,524

-4,581

13,617

-20,754

Cash flows from investing activities:
Payments for purchase of property, plant, and equipment

14,789

6,058

4,360

5,806

8,027

5,893

4,656

9,286

7,867

9,757

6,507

5,124

6,128

7,125

5,726

8,612

5,714

5,420

7,521

9,368

7,196

9,469

6,984

6,739

6,120

8,018

6,807

7,242

5,781

8,753

7,378

8,675

9,282

9,465

7,619

7,234

3,869

Payments for mine development

0

374

312

239

1,352

1,366

1,767

1,764

1,661

940

111

309

200

927

1,128

3,024

4,782

5,613

6,872

6,352

3,748

577

333

257

80

369

25

508

3,874

5,581

4,170

663

159

258

119

56

127

Reimbursement for capital spending under government contract

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

428

563

2,469

347

1,458

1,112

Payments for acquisition

-

-

-

-

-

-

-

-

-

0

0

98

16,406

1,750

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

-59

-2

3,955

-

-

-

-

Proceeds from sale of property, plant, and equipment

10

27

2

-43

58

406

-1

24

3

2,169

26

11

16

67

539

75

752

15

25

18

0

6

75

0

3,009

-1

-44

67

0

-

-

-

-

21

0

2

31

Payments for acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

0

-12

-8

-2,459

0

0

-1,742

-

-

-

-

Net cash used in investing activities

-14,779

-6,405

-4,670

-6,088

-9,321

-6,853

-6,424

-11,026

-9,525

-8,528

-6,592

-5,520

-22,718

-9,735

-6,315

-11,561

-9,744

-11,018

-14,368

-15,702

-10,944

-10,040

-7,242

-6,998

-3,191

-8,393

-6,876

-7,671

-9,647

-11,875

-11,489

-8,908

-11,091

-33,968

-7,391

-5,817

-2,853

Cash flows from financing activities:
Repayment of short-term debt

-

-

-

-

-

-

-

-

-

-

-

-3,799

6,186

-12,082

-2,028

-8,298

14,103

-14,805

11,806

2,333

13

-6,000

4,595

-9,005

4,119

-429

-534

-12,051

-678

-7,911

183

-838

17,160

-5,710

7,282

-17,083

8,561

Proceeds from issuance of long-term debt

-

-

-

-

-

-

-

-

-

0

10,000

18,000

27,000

0

0

0

10,000

24,010

2,990

9,897

41,103

80

82

3,084

30,086

90

93

50,143

20,097

98

7,098

5,102

20,105

26,072

50,038

22,472

20,000

Repayment of long-term debt

142

224

202

200

197

264

130

193

190

189

30,246

20,182

5,180

177

10,118

172

227

41,725

13,165

19,181

13,929

20,206

3,247

7,246

8,246

23,247

7,248

55,294

247

20,246

246

7,247

247

51,250

40,092

15,083

10,000

Principal payments under finance lease obligations

233

306

295

301

298

288

148

214

211

199

261

193

190

187

124

184

241

177

178

174

230

169

169

165

163

166

162

165

164

169

197

192

191

265

106

184

257

Cash dividends paid

2,245

2,244

2,244

2,243

2,125

2,127

2,125

2,125

2,012

2,010

2,004

2,004

1,895

1,895

1,897

1,903

1,801

1,801

1,808

1,815

1,708

1,709

1,751

1,757

1,648

1,650

1,649

1,654

1,544

1,532

1,533

1,550

0

-

-

-

-

Deferred financing costs

-

-

-

-

-

-

-

-

-

0

0

0

300

0

1,000

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common shares withheld for taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

768

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

6,766

0

0

0

199

422

0

0

0

0

0

681

405

0

1,135

2,201

462

0

4,381

1,980

768

6,667

12,943

1,206

1,466

-

-

-

-

-

-

-

-

-

-

-

-

Payments of withholding taxes for stock-based compensation awards

2,015

14

69

785

3,978

150

241

632

2,133

2,109

95

822

1,480

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock under stock option plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

0

295

65

88

226

273

576

14

5

11

128

15

22

61

637

Tax (expense) benefit from stock compensation realization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

368

0

96

13

-953

348

396

920

740

4

6

67

269

13

0

376

Net cash used in financing activities

-11,401

-2,900

-4,828

-3,529

-6,797

-3,251

-2,644

-3,164

-4,546

-4,507

-24,993

-9,681

23,736

-14,562

-16,343

-12,817

20,604

-35,702

-4,736

-10,920

24,481

-34,304

-13,433

-15,904

22,760

-26,300

-9,179

-19,653

18,960

-29,006

5,195

-4,708

37,022

-30,952

11,450

-10,440

19,317

Effects of exchange rate changes

-381

100

-322

-54

-46

6

-154

-600

608

95

380

225

688

-1,003

118

-42

448

-36

-500

203

-682

-1,370

-288

-76

181

-97

91

-78

-361

49

85

-25

-68

-314

26

94

193

Net change in cash and cash equivalents

-17,431

30,481

19,670

32,992

-28,781

17,033

10,717

22,689

-21,638

19,358

3,989

2,156

-15,123

15,658

-5,179

2,117

-5,368

-590

4,197

-1,309

8,788

-6,460

1,548

-1,251

-3,461

2,617

4,431

-4,516

4,186

5,162

-4,536

284

2,891

3,290

-496

-2,546

-4,097