Materion corporation (MTRN)
CashFlow / TTM
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

30,651

50,660

15,081

31,584

27,188

20,846

33,442

22,796

18,965

11,451

26,461

25,186

23,422

25,740

25,677

25,024

28,542

32,158

37,709

42,877

43,784

42,131

34,145

26,577

20,758

20,212

18,435

21,557

25,331

24,664

22,923

28,336

34,279

39,979

0

0

0

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

46,323

41,116

40,973

39,782

35,384

35,524

35,813

40,375

41,868

42,751

44,716

42,879

44,433

45,651

43,734

41,197

37,216

37,817

44,375

40,745

42,499

42,721

37,615

45,086

45,208

41,649

38,965

35,262

33,667

37,046

40,203

41,650

43,693

43,635

0

0

0

Amortization of deferred financing costs in interest expense

946

1,000

1,000

958

975

1,000

950

974

931

900

919

825

745

666

574

604

657

654

665

770

765

795

805

710

695

679

663

649

654

649

705

651

599

559

0

0

0

Stock-based compensation expense (non-cash)

7,115

7,170

6,761

6,690

6,089

5,313

0

0

0

-

-

-

4,624

3,174

3,853

4,053

4,097

5,491

0

0

0

-

-

-

-

4,964

5,649

5,737

5,677

5,889

5,750

5,637

5,421

5,000

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

648

143

235

26

-768

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax expense (benefit)

4,182

2,584

-12,384

-5,467

-2,048

-1,318

26,670

20,485

19,919

20,256

-10,759

-11,157

-9,432

-9,010

8,885

7,788

5,479

4,368

-9,044

-7,147

-5,250

-5,274

-1,992

-1,062

-236

-2,170

-3,523

-4,988

-5,708

-2,462

0

0

0

-

-

-

-

Asset Impairment Charges

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-1,814

23,933

33,091

6,937

13,335

7,219

7,186

-338

13,422

18,484

5,887

21,965

3,051

4,096

3,421

-6,386

-5,555

-14,777

-11,535

-1,992

-681

2,066

6,211

-8,592

-8,157

-12,116

-18,878

4,370

-12,821

4,716

-22,704

-29,943

-18,120

-26,818

0

0

0

Decrease (increase) in other receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,263

-1,950

-901

630

0

0

0

Decrease (increase) in inventory

-16,869

-24,031

-6,569

4,888

10,424

-4,234

-20,245

-7,464

-5,228

9,462

2,456

-3,140

-1,725

-10,791

-12,738

-18,375

-24,770

-19,372

-3,664

11,703

22,974

30,412

32,376

29,012

25,374

8,241

-4,902

-7,285

13,729

18,880

15,520

25,164

10,199

30,016

0

0

0

Decrease (increase) in prepaid and other current assets

-3,101

-1,418

3,902

4,354

-1,240

-1,162

881

-2,589

10,805

11,606

4,463

7,827

770

-658

-3,148

-5,394

-4,612

-2,139

1,577

1,570

2,824

191

-4,013

5,040

-4,410

-6,647

-7,390

-10,747

-3,861

-483

1,790

3,245

7,279

7,571

0

0

0

Increase (decrease) in accounts payable and accrued expenses

-15,547

-18,575

4,996

4,196

9,098

8,820

6,152

4,725

18,960

34,433

22,956

26,148

17,008

2,758

-897

-8,978

-14,580

-17,989

-15,450

-1,753

4,144

6,164

15,792

10,439

1,940

-7,739

-6,939

-12,729

-5,154

1,472

-10,560

-9,107

-10,103

-2,580

0

0

0

Increase (Decrease) in Deferred Revenue

-2,752

-2,538

0

0

0

-

-

-

-

-

-

-

-

-2,590

-2,957

-1,644

-6,949

-1,184

2,868

2,481

8,449

4,401

778

1,650

366

-1,064

-1,257

-1,098

-675

-1,491

-292

-1,263

-774

661

0

0

0

Increase (decrease) in interest and taxes payable

-2,962

-805

-6,621

-2,779

1,334

435

7,126

2,685

2,349

-514

-470

86

265

2,511

-908

-2,840

-1,215

-910

-3,960

-1,031

-173

1,161

8,300

7,646

4,566

2,391

-1,639

-2,347

-4,127

-2,324

-10,653

-1,345

-5,669

-5,891

0

0

0

Domestic pension plan contributions

-3,000

-4,500

-8,500

-32,000

-34,500

-42,000

-46,000

-25,000

-21,000

-16,000

-14,680

-13,779

-17,080

-16,000

-13,068

-13,343

-10,323

-8,923

2,453

2,270

-1,197

-7,348

-9,249

-6,949

-267

6,879

-283

3,815

-4,499

-5,053

-8,695

-20,797

-15,449

-15,993

0

0

0

Other-net

8,498

3,433

-8,293

-7,004

2,234

1,616

9,825

8,617

-62

-341

-467

-344

3,377

4,395

5,207

4,887

2,788

2,472

5,577

8,113

6,833

5,819

-3,156

-5,418

-2,643

-401

5,539

5,088

4,688

3,343

8,182

10,478

4,011

4,503

0

0

0

Net cash used in operating activities

120,969

99,222

86,667

77,116

71,932

76,374

81,541

96,796

76,449

67,795

76,455

58,622

68,027

68,180

73,388

79,828

78,401

91,010

84,098

82,808

79,425

60,281

58,434

56,318

57,477

75,922

84,509

65,787

56,826

38,620

61,150

54,896

54,588

56,806

0

0

0

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

31,013

24,251

24,086

24,382

27,862

27,702

31,566

33,417

29,255

27,516

24,884

24,103

27,591

27,177

25,472

27,267

28,023

29,505

33,554

33,017

30,388

29,312

27,861

27,684

28,187

27,848

28,583

29,154

30,587

34,088

34,800

35,041

33,600

28,187

0

0

0

Payments for mine development

925

2,277

3,269

4,724

6,249

6,558

6,132

4,476

3,021

1,560

1,547

2,564

5,279

9,861

14,547

20,291

23,619

22,585

17,549

11,010

4,915

1,247

1,039

731

982

4,776

9,988

14,133

14,288

10,573

5,250

1,199

592

560

0

0

0

Reimbursement for capital spending under government contract

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

991

3,460

3,807

4,837

5,386

0

0

0

Payments for acquisition

-

-

-

-

-

-

-

-

-

16,504

18,254

18,254

18,156

1,750

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

3,894

0

0

0

-

-

-

-

Proceeds from sale of property, plant, and equipment

-4

44

423

420

487

432

2,195

2,222

2,209

2,222

120

633

697

1,433

1,381

867

810

58

49

99

81

3,090

3,083

2,964

3,031

22

0

0

0

-

-

-

-

54

0

0

0

Payments for acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-15

-2,479

-2,479

-2,467

-4,201

0

0

0

-

-

-

-

Net cash used in investing activities

-31,942

-26,484

-26,932

-28,686

-33,624

-33,828

-35,503

-35,671

-30,165

-43,358

-44,565

-44,288

-50,329

-37,355

-38,638

-46,691

-50,832

-52,032

-51,054

-43,928

-35,224

-27,471

-25,824

-25,458

-26,131

-32,587

-36,069

-40,682

-41,919

-43,363

-65,456

-61,358

-58,267

-50,029

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-11,723

-16,222

-8,305

-11,028

2,806

13,437

-653

8,152

941

-10,397

-6,291

-720

-5,849

-8,895

-13,692

-21,174

-20,457

-9,244

8,594

10,795

17,894

1,649

-6,950

0

0

0

Proceeds from issuance of long-term debt

-

-

-

-

-

-

-

-

-

55,000

55,000

45,000

27,000

10,000

34,010

37,000

46,897

78,000

54,070

51,162

44,349

33,332

33,342

33,353

80,412

70,423

70,431

77,436

32,395

32,403

58,377

101,317

118,687

118,582

0

0

0

Repayment of long-term debt

768

823

863

791

784

777

702

30,818

50,807

55,797

55,785

35,657

15,647

10,694

52,242

55,289

74,298

88,000

66,481

56,563

44,628

38,945

41,986

45,987

94,035

86,036

83,035

76,033

27,986

27,986

58,990

98,836

106,672

116,425

0

0

0

Principal payments under finance lease obligations

1,135

1,200

1,182

1,035

948

861

772

885

864

843

831

694

685

736

726

780

770

759

751

742

733

666

663

656

656

657

660

695

722

749

845

754

746

812

0

0

0

Cash dividends paid

8,976

8,856

8,739

8,620

8,502

8,389

8,272

8,151

8,030

7,913

7,798

7,691

7,590

7,496

7,402

7,313

7,225

7,132

7,040

6,983

6,925

6,865

6,806

6,704

6,601

6,497

6,379

6,263

6,159

4,615

0

0

0

-

-

-

-

Deferred financing costs

-

-

-

-

-

-

-

-

-

300

300

1,300

1,300

1,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Common shares withheld for taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

6,766

199

621

621

621

422

0

0

681

1,086

1,086

2,221

3,741

3,798

3,798

7,044

6,823

7,129

13,796

22,358

21,584

22,282

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payments of withholding taxes for stock-based compensation awards

2,883

4,846

4,982

5,154

5,001

3,156

5,115

4,969

5,159

4,506

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock under stock option plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

359

448

674

652

1,163

1,089

868

606

158

159

176

226

735

0

0

0

Tax (expense) benefit from stock compensation realization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

477

-844

-496

-196

711

2,404

2,060

1,670

817

346

355

349

658

0

0

0

Net cash used in financing activities

-22,658

-18,054

-18,405

-16,221

-15,856

-13,605

-14,861

-37,210

-43,727

-15,445

-25,500

-16,850

-19,986

-23,118

-44,258

-32,651

-30,754

-26,877

-25,479

-34,176

-39,160

-40,881

-32,877

-28,623

-32,372

-36,172

-38,878

-24,504

-9,559

8,503

6,557

12,812

7,080

-10,625

0

0

0

Effects of exchange rate changes

-657

-322

-416

-248

-794

-140

-51

483

1,308

1,388

290

28

-239

-479

488

-130

115

-1,015

-2,349

-2,137

-2,416

-1,553

-280

99

97

-445

-299

-305

-252

41

-322

-381

-262

-1

0

0

0

Net change in cash and cash equivalents

65,712

54,362

40,914

31,961

21,658

28,801

31,126

24,398

3,865

10,380

6,680

-2,488

-2,527

7,228

-9,020

356

-3,070

11,086

5,216

2,567

2,625

-9,624

-547

2,336

-929

6,718

9,263

296

5,096

3,801

1,929

5,969

3,139

-3,849

0

0

0