Matrix service co (MTRX)
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'10
Operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-5,495

-28,008

6,151

12,812

8,933

3,932

2,305

-14,683

-5,153

4,532

3,824

-954

-13,500

5,250

9,342

9,134

3,546

3,118

9,739

11,220

-12,942

-4,847

4,671

8,222

11,792

10,311

6,552

7,367

6,521

5,436

4,684

1,786

4,862

7,031

3,509

5,683

4,923

5,287

3,089

Adjustments to reconcile net income (loss) to net cash provided by operating activities, net of effects from acquisitions and disposals:
Depreciation and amortization

4,686

4,923

4,779

4,601

4,497

4,583

4,543

4,801

4,640

5,313

5,593

5,763

5,851

5,084

4,904

5,302

5,419

5,291

5,429

6,148

5,792

5,769

5,771

5,573

5,394

3,831

3,720

3,571

3,415

2,970

2,826

2,817

2,930

2,912

2,826

2,817

2,727

2,725

2,798

Stock-based compensation expense

2,302

2,789

3,024

2,863

3,307

3,153

2,585

2,130

2,135

2,267

2,086

1,994

1,920

1,895

1,652

1,294

1,514

1,851

1,658

1,572

1,562

1,711

1,457

1,783

1,390

1,428

1,087

1,001

1,018

946

866

849

920

766

969

658

706

458

573

Deferred income tax

-157

-4,924

1,990

-

1,645

-445

362

-

989

-1,054

2,711

-

-5,635

-74

1,044

-

23

10

1,380

-

-2,037

3,005

-1,994

-

-2,399

-1,991

-111

-

30

80

98

-

147

949

-977

-

8

2,075

108

Gain on disposal of business

0

0

0

0

0

0

427

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of property, plant and equipment

251

192

93

44

83

556

171

151

408

-18

121

-224

235

-7

138

-72

74

-37

74

-53

185

-2

122

-148

-18

21

36

-8

-42

18

33

99

16

1

42

-106

8

-17

2

Provision for uncollectible accounts

99

969

224

110

-71

-110

76

95

0

5

7

848

934

-88

54

350

140

5,210

334

-62

-32

-14

465

-78

-45

-23

-13

52

423

-466

705

57

-62

62

-33

126

20

298

3

Excess tax benefit of exercised stock options and vesting of deferred shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33

1,071

660

133

2,666

-1,065

-4

-

-

-

-

-

-

-

-

-

-

-

-

Other

-103

297

-84

-393

-106

-101

-101

-102

-101

-101

-93

-78

-78

-70

-63

-61

-60

-59

-60

-60

-60

-59

-59

-58

-50

-51

-49

-66

0

-89

-8

-39

-54

62

-34

93

-206

74

-33

Changes in operating assets and liabilities increasing (decreasing) cash, net of effects from acquisitions and disposals:
Accounts receivable

10,228

-14,579

-3,594

-56,062

71,259

-11,107

11,284

14,327

5,658

-33,223

7,734

-11,599

-25,441

8,377

40,595

19,532

-37,504

30,001

-16,181

10,522

-26,596

39,622

-30,379

-27,560

70,620

-21,285

9,620

9,214

-20,597

-5,724

49,515

-5,739

-1,927

11,276

965

12,218

-18,642

7,528

15,395

Costs and estimated earnings in excess of billings on uncompleted contracts

-

-8,773

-30,087

-

-

-3,278

-302

9,647

2,764

-1,732

-25,227

21,194

-10,310

-25,544

1,093

11,355

10,903

-1,861

-2,467

8,731

7,767

-20,246

16,811

-24,441

6,066

11,930

-7,095

3,214

4,408

-11,447

9,036

13,510

-1,478

6,029

10,445

-612

3,690

-7,185

3,217

Inventories

553

-376

-456

-620

676

1,447

1,369

-187

814

256

532

-189

-268

427

-168

-38

-483

-175

90

-102

-138

7

-39

-98

-50

-25

184

83

110

416

785

-65

-34

253

79

-347

195

-355

-695

Other assets and liabilities

-3,880

-1,844

297

-2,504

4,199

-309

10,860

-2,086

1,242

-4,816

5,291

-2,027

5,694

1,768

2,206

-12,841

-3,400

9,154

-293

-9,133

822

7,479

-10,726

6,984

-7,458

-921

1,044

-785

1,951

-301

1,292

2,369

-2,042

-30

1,591

1,038

-1,568

-560

-938

Accounts payable

3,053

-22,942

-15,240

2,559

21,470

-6,639

15,261

11,814

-3,679

-19,555

-14,463

8,643

-11,414

-20,679

-13,597

18,190

13,251

9,454

-26,197

35,982

-3,596

-1,898

-17,531

-9,500

6,022

33,823

-1,111

9,103

-726

-1,662

12,541

6,362

-6,065

5,091

7,474

6,719

-5,620

-2,978

-7,447

Billings on uncompleted contracts in excess of costs and estimated earnings

-

-19,629

24,565

-

-

-3,014

-2,229

32,114

22,250

817

-9,568

-237

566

10,828

-5,945

-8,482

-47,331

38,865

-21,429

-42,742

11,832

23,906

-4,732

7,826

4,841

-22,460

12,935

13,055

-7,813

11,969

15,344

2,031

-3,554

6,274

-9,943

-1,412

-2,704

2,567

8,157

Accrued expenses

2,395

-14,255

-3,220

-3,130

17,520

-9,587

9,624

82

5,925

-9,209

4,998

-4,226

-3,591

1,415

-3,241

674

7,823

-2,658

-4,182

-14,686

13,031

506

-6,605

-2,830

14,472

-4,309

-865

-4,696

8,149

-3,248

2,591

-1,265

1,606

799

-2,858

-1,314

6,223

-6,795

2,913

Income tax receivable/payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,503

Net cash provided (used) by operating activities

-7,138

-17,479

56,104

42,510

-14,600

4,665

8,819

28,769

16,322

22,750

6,830

6,863

5,299

18,680

-49,588

9,045

14,855

24,118

-14,431

-10,735

31,597

266

5,112

56,833

-30,309

32,014

18,450

19,743

25,243

33,096

-20,998

2,466

6,303

6,293

-12,121

2,684

22,667

2,649

-5,251

Investing activities:
Capital expenditures

3,158

5,808

8,684

5,837

7,666

3,573

2,482

2,561

2,099

2,173

1,878

3,433

4,267

2,382

1,826

2,193

4,230

3,575

3,941

4,698

3,364

4,055

3,656

5,755

5,869

6,202

5,763

6,591

4,599

6,949

5,092

3,918

2,857

3,771

2,988

2,848

3,039

2,270

2,259

Acquisition, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

301

5,250

209

0

51,398

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from disposal of business

0

0

0

0

0

192

3,693

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from asset sales

641

226

151

166

136

656

267

205

437

172

248

163

949

43

153

164

113

10

135

97

363

142

148

226

1

47

279

15

98

36

37

405

16

11

166

38

28

79

5

Net cash used by investing activities

-2,517

-5,582

-8,533

-5,671

-7,530

-2,725

1,478

-2,356

-1,662

-3,688

-1,630

-3,270

-4,339

-42,137

-1,673

-2,029

-17,166

-3,565

-3,806

-4,601

-3,001

-4,214

-8,758

-5,738

-5,868

-57,553

-5,484

-6,576

-4,501

-16,307

-5,055

-3,513

-2,600

-3,760

-2,822

-6,610

-3,011

-2,191

-2,254

Financing activities:
Advances under senior secured revolving credit facility

1,172

8,411

8,984

3,795

4,047

6,085

2,298

0

-352

60,779

24,890

20,765

4,084

74,898

27,186

7,460

0

1,791

962

2,876

-983

3,455

5,817

18,856

35,652

24,343

8,975

0

7,090

10,647

7,828

-

-

-

-

-

-

-

-

Repayments of advances under senior secured revolving credit facility

6,231

5,254

2,872

763

1,890

7,478

765

9,386

41,419

51,947

27,496

20,222

32,357

19,672

10,000

11,305

3,381

4,331

0

4,006

872

3,010

6,094

52,338

13,740

3,578

6,549

0

10,515

10,577

4,473

-

-

-

-

-

-

-

-

Payments of debt issuance costs

-

-

-

-

-

-

-

0

0

24

340

251

654

168

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

216

Open market purchase of treasury shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

3,254

4,872

-

-

-

-

Issuances of common stock

0

0

0

-

0

0

128

-

0

0

0

-

12

176

46

-

121

73

384

-

129

171

193

-

474

246

356

-

452

45

61

-

34

31

49

-

-

-

-

Proceeds from issuance of common stock under employee stock purchase plan

86

74

83

76

82

75

78

69

80

78

66

52

84

86

83

74

95

94

72

83

81

76

58

60

38

20

18

19

13

14

8

9

11

13

14

-

-

-

-

Repurchase of common stock for payment of statutory taxes due on equity-based compensation

26

97

3,394

0

34

92

1,559

0

15

158

454

2

18

392

1,878

48

52

4,106

382

56

33

1,526

913

98

40

1,634

4

80

17

715

350

50

48

331

108

27

3

265

4

Capital contributions from noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,459

0

8,433

744

7,802

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital lease payments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

3

14

22

30

46

74

108

147

171

168

245

Excess tax benefit of exercised stock options and vesting of deferred shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33

1,071

660

133

1,591

2

4

-5

13

-1

30

-

-

-

-

-

-

-

-

Net cash used by financing activities

-12,131

-6,779

2,801

3,108

245

-4,640

180

-9,000

-41,706

8,728

-3,334

361

-27,994

54,928

15,437

-8,760

-8,076

-6,479

9,469

-7,123

6,157

237

-279

-33,438

23,468

19,399

2,800

248

-2,967

-601

3,082

-1,775

1,638

-4,188

-5,025

-158

-33

-364

-465

Effect of exchange rate changes on cash and cash equivalents

-1,206

446

-198

92

72

-547

202

-241

-156

212

414

154

501

-820

-253

-3

1,359

-823

-1,291

-1,485

-138

-475

-436

-300

-825

-330

246

-340

-309

-149

415

-584

349

412

-704

66

68

320

341

Increase in cash and cash equivalents

-

-29,394

50,174

-

-

-3,247

10,679

17,172

-27,202

28,002

2,280

4,108

-26,533

30,651

-36,077

-1,747

-9,028

13,251

-10,059

-23,944

34,615

-4,186

-4,361

17,357

-13,534

-6,470

16,012

13,075

17,466

16,039

-22,556

-3,406

5,690

-1,243

-20,672

-4,018

19,691

414

-7,629

Supplemental disclosure of cash flow information:
Income taxes

1,090

-318

5,069

2,567

487

189

66

179

566

567

98

289

3,318

5,364

2,997

173

80

7,365

1,747

260

795

7,877

-1,972

7,715

4,633

6,754

58

4,838

845

5,783

776

2,630

5,746

3,471

169

3,125

1,431

1,568

127

Interest paid

588

530

417

365

491

393

456

654

725

758

582

522

867

161

238

92

268

210

311

262

271

224

524

645

117

316

146

153

176

155

126

121

78

72

207

133

218

149

132

Non-cash investing and financing activities:
Purchases of property, plant and equipment on account

-268

419

263

1,586

280

546

274

20

31

-86

191

-363

425

342

79

-208

-325

123

603

-665

919

-185

370

-438

-114

-16

1,095

398

254

-155

649

-191

11

-46

683

681

-1,417

772

729