Matrix service co (MTRX)
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'11Dec'10Sep'10
Operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-14,540

-112

31,828

27,982

487

-13,599

-12,999

-11,480

2,249

-6,098

-5,380

138

10,226

27,272

25,140

25,537

27,623

11,135

3,170

-1,898

-4,896

19,838

34,996

36,877

36,022

30,751

25,876

24,008

18,427

16,768

18,363

17,188

21,085

21,146

19,402

18,982

0

0

0

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

18,989

18,800

18,460

18,224

18,424

18,567

19,297

20,347

21,309

22,520

22,291

21,602

21,141

20,709

20,916

21,441

22,287

22,660

23,138

23,480

22,905

22,507

20,569

18,518

16,516

14,537

13,676

12,782

12,028

11,543

11,485

11,485

11,485

11,282

11,095

11,067

0

0

0

Stock-based compensation expense

10,978

11,983

12,347

11,908

11,175

10,003

9,117

8,618

8,482

8,267

7,895

7,461

6,761

6,355

6,311

6,317

6,595

6,643

6,503

6,302

6,513

6,341

6,058

5,688

4,906

4,534

4,052

3,831

3,679

3,581

3,401

3,504

3,313

3,099

2,791

2,395

0

0

0

Deferred income tax

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Gain on disposal of business

0

0

0

427

427

427

427

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of property, plant and equipment

580

412

776

854

961

1,286

712

662

287

114

125

142

294

133

103

39

58

169

204

252

157

-46

-23

-109

31

7

4

1

108

166

149

158

-47

-55

-73

-113

0

0

0

Provision for uncollectible accounts

1,402

1,232

153

5

-10

61

176

107

860

1,794

1,701

1,748

1,250

456

5,754

6,034

5,622

5,450

226

357

341

328

319

-159

-29

439

-4

714

719

234

762

24

93

175

411

447

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,897

4,530

2,394

1,730

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other

-283

-286

-684

-701

-410

-405

-405

-397

-373

-350

-319

-289

-272

-254

-243

-240

-239

-239

-239

-238

-236

-226

-218

-208

-216

-166

-204

-163

-136

-190

-39

-65

67

-85

-73

-72

0

0

0

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

-64,007

-2,976

496

15,374

85,763

20,162

-1,954

-5,504

-31,430

-62,529

-20,929

11,932

43,063

31,000

52,624

-4,152

-13,162

-2,254

7,367

-6,831

-44,913

52,303

-8,604

31,395

68,169

-23,048

-7,487

32,408

17,455

36,125

53,125

4,575

22,532

5,817

2,069

16,499

0

0

0

Costs and estimated earnings in excess of billings on uncompleted contracts

-

0

-9,976

-

-

8,831

10,377

-14,548

-3,001

-16,075

-39,887

-13,567

-23,406

-2,193

21,490

17,930

15,306

12,170

-6,215

13,063

-20,109

-21,810

10,366

-13,540

14,115

12,457

-10,920

5,211

15,507

9,621

27,097

28,506

14,384

19,552

6,338

-890

0

0

0

Inventories

-899

-776

1,047

2,872

3,305

3,443

2,252

1,415

1,413

331

502

-198

-47

-262

-864

-606

-670

-325

-143

-272

-268

-180

-212

11

192

352

793

1,394

1,246

1,102

939

233

-49

180

-428

-1,202

0

0

0

Other assets and liabilities

-7,931

148

1,683

12,246

12,664

9,707

5,200

-369

-310

4,142

10,726

7,641

-3,173

-12,267

-4,881

-7,380

-3,672

550

-1,125

-11,558

4,559

-3,721

-12,121

-351

-8,120

1,289

1,909

2,157

5,311

1,318

1,589

1,888

557

1,031

501

-2,028

0

0

0

Accounts payable

-32,570

-14,153

2,150

32,651

41,906

16,757

3,841

-25,883

-29,054

-36,789

-37,913

-37,047

-27,500

-2,835

27,298

14,698

32,490

15,643

4,291

12,957

-32,525

-22,907

12,814

29,234

47,837

41,089

5,604

19,256

16,515

11,176

17,929

12,862

13,219

13,664

5,595

-9,326

0

0

0

Billings on uncompleted contracts in excess of costs and estimated earnings

-

0

11,811

-

-

49,121

52,952

45,613

13,262

-8,422

1,589

5,212

-3,033

-50,930

-22,893

-38,377

-72,637

-13,474

-28,433

-11,736

38,832

31,841

-14,525

3,142

8,371

-4,283

30,146

32,555

21,531

25,790

20,095

-5,192

-8,635

-7,785

-11,492

6,608

0

0

0

Accrued expenses

-18,210

-3,085

1,583

14,427

17,639

6,044

6,422

1,796

-2,512

-12,028

-1,404

-9,643

-4,743

6,671

2,598

1,657

-13,703

-8,495

-5,331

-7,754

4,102

5,543

728

6,468

4,602

-1,721

-660

2,796

6,227

-316

3,731

-1,718

-1,767

2,850

-4,744

1,027

0

0

0

Income tax receivable/payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash provided (used) by operating activities

73,997

66,535

88,679

41,394

27,653

58,575

76,660

74,671

52,765

41,742

37,672

-18,746

-16,564

-7,008

-1,570

33,587

13,807

30,549

6,697

26,240

93,808

31,902

63,650

76,988

39,898

95,450

96,532

57,084

39,807

20,867

-5,936

2,941

3,159

19,523

15,879

22,749

0

0

0

Investing activities:
Capital expenditures

23,487

27,995

25,760

19,558

16,282

10,715

9,315

8,711

9,583

11,751

11,960

11,908

10,668

10,631

11,824

13,939

16,444

15,578

16,058

15,773

16,830

19,335

21,482

23,589

24,425

23,155

23,902

23,231

20,558

18,816

15,638

13,534

12,464

12,646

11,145

10,416

0

0

0

Acquisition, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,551

5,760

5,760

56,857

51,607

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from disposal of business

0

0

192

3,885

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from asset sales

1,184

679

1,109

1,225

1,264

1,565

1,081

1,062

1,020

1,532

1,403

1,308

1,309

473

440

422

355

605

737

750

879

517

422

553

342

439

428

186

576

494

469

598

231

243

311

150

0

0

0

Net cash used by investing activities

-22,303

-27,316

-24,459

-14,448

-11,133

-5,265

-6,228

-9,336

-10,250

-12,927

-51,376

-51,419

-50,178

-63,005

-24,433

-26,566

-29,138

-14,973

-15,622

-20,574

-21,711

-24,578

-77,917

-74,643

-75,481

-74,114

-32,868

-32,439

-29,376

-27,475

-14,928

-12,695

-15,792

-16,203

-14,634

-14,066

0

0

0

Financing activities:
Advances under senior secured revolving credit facility

22,362

25,237

22,911

16,225

12,430

8,031

62,725

85,317

106,082

110,518

124,637

126,933

113,628

109,544

36,437

10,213

5,629

4,646

6,310

11,165

27,145

63,780

84,668

87,826

68,970

40,408

26,712

25,565

0

0

0

-

-

-

-

-

-

-

-

Repayments of advances under senior secured revolving credit facility

15,120

10,779

13,003

10,896

19,519

59,048

103,517

130,248

141,084

132,022

99,747

82,251

73,334

44,358

29,017

19,017

11,718

9,209

7,888

13,982

62,314

75,182

75,750

76,205

23,867

20,642

27,641

25,565

0

0

0

-

-

-

-

-

-

-

-

Payments of debt issuance costs

-

-

-

-

-

-

-

364

615

1,269

1,413

1,073

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

216

0

0

0

Open market purchase of treasury shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,126

0

0

0

-

-

-

-

Issuances of common stock

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

Proceeds from issuance of common stock under employee stock purchase plan

319

315

316

311

304

302

305

293

276

280

288

305

327

338

346

335

344

330

312

298

275

232

176

136

95

70

64

54

44

42

41

47

0

0

0

-

-

-

-

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

3,517

3,525

3,520

1,685

1,685

1,666

1,732

627

629

632

866

2,290

2,336

2,370

6,084

4,588

4,596

4,577

1,997

2,528

2,570

2,577

2,685

1,776

1,758

1,735

816

1,162

1,132

1,163

779

537

514

469

403

299

0

0

0

Capital contributions from noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,892

11,636

16,979

16,979

8,546

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital lease payments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

42

69

112

172

258

375

500

594

731

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,897

3,455

2,386

1,730

1,592

14

11

37

0

0

0

-

-

-

-

-

-

-

-

Net cash used by financing activities

-13,001

-625

1,514

-1,107

-13,215

-55,166

-41,798

-45,312

-35,951

-22,239

23,961

42,732

33,611

53,529

-7,878

-13,846

-12,209

2,024

8,740

-1,008

-27,323

-10,012

9,150

12,229

45,915

19,480

-520

-238

-2,261

2,344

-1,243

-9,350

-7,733

-9,404

-5,580

-1,020

0

0

0

Effect of exchange rate changes on cash and cash equivalents

-866

412

-581

-181

-514

-742

17

229

624

1,281

249

-418

-575

283

280

-758

-2,240

-3,737

-3,389

-2,534

-1,349

-2,036

-1,891

-1,209

-1,249

-733

-552

-383

-627

31

592

-527

123

-158

-250

795

0

0

0

Increase in cash and cash equivalents

-

0

65,153

-

-

-2,598

28,651

20,252

7,188

7,857

10,506

-27,851

-33,706

-16,201

-33,601

-7,583

-29,780

13,863

-3,574

2,124

43,425

-4,724

-7,008

13,365

9,083

40,083

62,592

24,024

7,543

-4,233

-21,515

-19,631

-20,243

-6,242

-4,585

8,458

0

0

0

Supplemental disclosure of cash flow information:
Income taxes

8,408

7,805

8,312

3,309

921

1,000

1,378

1,410

1,520

4,272

9,069

11,968

11,852

8,614

10,615

9,365

9,452

10,167

10,679

6,960

14,415

18,253

17,130

19,160

16,283

12,495

11,524

12,242

10,034

14,935

12,623

12,016

12,511

8,196

6,293

6,251

0

0

0

Interest paid

1,900

1,803

1,666

1,705

1,994

2,228

2,593

2,719

2,587

2,729

2,132

1,788

1,358

759

808

881

1,051

1,054

1,068

1,281

1,664

1,510

1,602

1,224

732

791

630

610

578

480

397

478

490

630

707

632

0

0

0

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

2,000

2,548

2,675

2,686

1,120

871

239

156

-227

167

595

483

638

-112

-331

193

-264

980

672

439

666

-367

-198

527

1,363

1,731

1,592

1,146

557

314

423

457

1,329

-99

719

765

0

0

0