Mts systems corporation (MTSC)
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'10
Cash Flows from Operating Activities
Net Income (Loss) Attributable to Parent

-1,071

5,306

4,821

13,585

14,160

10,501

10,760

8,979

8,438

33,151

5,570

10,610

7,199

1,705

5,572

7,150

2,998

11,774

9,187

10,783

11,706

13,786

10,941

14,144

7,779

9,145

21,415

11,547

11,061

13,783

15,251

9,609

11,157

15,539

14,892

10,953

11,808

13,289

Adjustments to reconcile net income to net cash provided by (used in) operating activities
Stock-based compensation

2,928

2,167

2,099

2,609

2,895

1,794

1,905

2,088

1,668

1,622

1,675

1,288

916

1,721

2,047

1,654

1,805

1,718

1,670

1,759

1,726

2,196

1,675

1,617

1,589

880

631

952

1,172

981

943

611

1,019

799

476

684

848

693

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16

103

68

168

136

348

119

713

93

746

171

984

255

473

95

-

-

-

-

-

-

-

-

Fair value adjustment to acquired inventory

600

540

460

157

539

445

0

0

0

0

0

251

0

7,724

7,916

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net periodic pension benefit cost

460

462

283

287

292

292

288

293

305

292

470

442

423

433

285

287

284

280

238

237

243

268

262

216

161

459

325

320

325

318

161

163

168

172

183

187

178

176

Depreciation

6,407

5,662

-

-

5,105

5,144

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of Intangible Assets

6,270

4,785

-

-

4,403

3,816

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation, Depletion and Amortization

-

-

-

-

-

-

8,634

8,510

8,612

8,736

10,093

8,598

8,440

8,392

9,650

4,541

4,941

4,945

5,588

5,164

5,159

5,195

5,396

4,846

4,547

4,490

4,581

4,296

3,874

3,838

3,917

3,418

3,363

3,084

3,244

3,232

3,263

3,155

(Gain) loss on sale or disposal of property and equipment

-438

-612

-890

-42

-349

-161

4,333

-12

-92

-67

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt issuance costs

577

867

3,958

708

1,039

1,060

820

1,198

1,316

1,310

1,165

891

900

907

913

61

40

40

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

827

66

12,490

-187

15

-1,258

58,441

465

-302

-30,352

13,526

-1,016

-1,560

-1,823

4,402

292

-409

989

-5,007

-685

383

4,850

6,741

-302

-892

365

226

-148

482

450

-345

185

54

77

-5,321

-281

-481

726

Bad debt provision (recovery), net

-700

-460

1,158

83

367

136

927

143

769

432

585

455

336

554

623

171

74

89

245

326

314

325

308

49

341

112

-5

84

160

-399

-54

192

664

94

95

231

108

295

Changes in operating assets and liabilities
Accounts receivable and unbilled accounts receivable

-13,745

-4,983

5,896

11,681

12,846

-9,083

18,152

1,259

-16,926

-7,248

9,340

-1,759

-1,445

-13,788

14,206

5,753

-4,635

6,735

5,734

-18,449

-1,320

10,727

5,582

-4,515

14,660

-9,482

24,205

-10,181

14,482

14,673

2,836

-11,118

-10,432

19,112

15,018

21,225

10,804

-2,333

Inventories, net

3,844

9,716

-7,689

-13,955

-2,846

15,788

-2,815

717

8,943

5,498

-2,881

3,209

2,152

-227

-10,303

-2,414

4,428

4,924

-5,393

2,737

16

6,745

1,894

1,606

-128

1,251

-2,117

4,672

2,366

4,695

2,031

-4,411

3,215

1,269

-43

5,187

4,897

3,569

Prepaid expenses

-951

177

884

-1,796

1,818

2,288

-409

-1,590

-1,436

3,810

-585

-984

147

2,908

-1,659

-235

625

2,355

-633

-991

-590

3,887

-1,437

-734

1,084

307

948

-1,505

-723

2,867

-736

-391

-3

2,049

-112

-1,247

760

867

Accounts payable

177

913

6,737

-983

-7,575

-2,803

-563

618

-2,068

1,167

2,203

3,175

-3,757

130

888

1,124

3,292

343

4,834

-8,345

7,382

2,901

2,291

-3,756

980

-2,292

1,539

-711

-3,128

-1,673

4,169

1,061

1,276

-584

-1,645

3,733

4,921

-1,517

Accrued payroll and related costs

3,843

-12,410

4,313

4,233

5,130

-10,759

5,187

1,396

2,008

-13,929

9,985

1,115

6,267

-12,586

6,259

2,613

2,407

-2,222

1,121

3,896

-2,754

-3,098

-1,369

3,471

568

-2,603

523

4,286

1,792

-5,235

-979

5,443

1,762

-8,483

1,209

6,268

728

-7,465

Advance payments from customers

-4,995

-7,512

-16,651

-11,043

1,388

3,265

1,544

-3,904

2,944

2,947

-2,054

-8,748

-815

15,252

-17,877

-8,916

19,222

13,272

6,252

5,335

-6,927

8,405

1,040

116

7,666

-2,651

-9,154

-9,518

5,957

-8,367

3,726

-10,692

-2,037

11,254

1,340

8,491

10,906

-1,614

Accrued warranty costs

328

572

-290

-900

-486

-185

-172

-265

-347

190

46

-233

168

297

-255

16

-565

390

-986

-546

169

918

-43

41

-189

597

-1,769

666

61

410

364

-788

-170

-629

-314

-672

-509

-696

Contributions to pension benefit plan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

158

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets and liabilities

24,233

2,403

-15,285

3,045

-4,235

-8,015

870

3,980

5,402

-6,030

1,587

5,434

5,042

4,287

-12,429

955

4,690

5,910

-3,273

-1,814

-3,572

1,165

-7,765

-891

5,877

-7,557

-7,123

1,138

6,198

-3,726

9,160

-7,518

6,776

-3,624

1,956

-15,227

6,493

832

Net Cash Provided by (Used in) Operating Activities

3,164

-5,743

23,493

19,301

20,038

10,631

11,136

14,853

28,035

9,223

19,249

11,394

12,285

28,932

22,328

4,886

30,008

10,846

28,509

36,305

22,677

12,945

15,663

24,883

311

23,812

-3,916

17,395

-1,040

-14,498

12,844

32,612

17,052

2,517

7,453

8,072

21,662

5,771

Cash Flows from Investing Activities
Purchases of property and equipment

5,709

10,572

13,148

8,028

5,576

3,773

2,544

4,409

2,567

2,801

4,559

3,921

4,664

4,654

4,612

4,997

4,535

6,662

5,769

3,544

4,658

4,474

4,034

5,510

5,940

4,554

6,474

8,796

6,395

8,025

3,957

4,965

4,419

2,284

2,593

2,812

2,490

2,250

Proceeds from sale of property and equipment

0

0

0

0

0

10

6,724

0

0

69

0

20

0

25

0

194

1,320

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to Acquire Businesses, Net of Cash Acquired

48,104

0

68,430

1,700

3,794

78,032

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

0

0

0

0

0

285

0

0

-823

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Cash Provided by (Used in) Investing Activities

-53,813

-10,572

-81,578

-9,728

-9,370

-82,080

4,180

-4,409

-1,744

-2,732

-4,412

-4,901

-4,664

-4,629

-542,032

-48,303

-3,215

-6,662

-6,436

-3,544

-4,658

-4,474

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash Flows from Financing Activities
Proceeds from issuance of long-term debt

58,576

0

350,000

0

0

80,391

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of long-term debt

1,282

1,283

294,798

2,438

137

1,286

1,284

17,284

26,282

19,667

1,370

1,211

1,150

1,150

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of debt issuance costs for long-term debt

0

88

-

-

0

0

-

-

-

-

596

0

0

186

19,414

423

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of debt component of tangible equity units

0

0

2,472

0

2,430

2,388

2,348

2,307

2,268

2,230

2,190

2,154

2,117

2,080

2,401

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of debt issuance costs for revolving credit facility

0

564

125

0

97

445

125

0

0

0

151

0

0

49

810

110

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Receipts under short-term borrowings

30,000

50,000

35,000

5,000

5,000

25,000

26,000

5,000

2,750

5,000

0

0

0

0

0

0

242

19,758

-19

331

5,871

5,000

-

-

-

-

25,292

4,991

4,932

-215

-40,418

-55

59

-44

35

9

-16

9

Payments under short-term borrowings

28,000

20,000

35,000

5,000

5,000

25,000

26,000

5,000

7,750

0

-

-

-

-

-

-

-

-

14,974

35,000

0

26

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16

103

68

168

136

348

119

713

93

746

171

984

255

473

95

-

-

-

-

-

-

-

-

Cash dividends

5,747

5,739

5,614

5,375

5,365

5,359

5,402

5,291

5,337

5,330

5,103

5,021

4,952

5,003

4,997

4,422

63

4,450

8,876

4,490

4,518

4,561

4,616

4,476

4,597

4,641

4,708

4,735

102

9,568

3,924

4,000

3,941

4,009

0

3,127

6,093

80

Proceeds from exercise of stock options and employee stock purchase plan

590

41

1,738

996

663

38

291

956

533

212

-1

3,908

1,020

652

51

1,236

1,361

1,199

989

488

2,401

969

3,974

139

2,247

1,230

4,394

822

2,709

720

3,257

679

9,393

4,557

800

1,409

9,546

1,123

Payments to purchase and retire common stock

38

835

149

986

42

356

97

549

13

744

133

170

560

922

18

34

6,006

12,356

242

2,503

13,566

12,804

257

7,434

12,340

10,982

22,069

2,672

12

14

-

-

-

-

-

-

-

-

Net Cash Provided by (Used in) Financing Activities

54,099

21,532

42,019

-7,803

-7,408

70,595

-8,965

-24,475

-38,367

-22,759

-9,544

-4,648

-7,759

-8,738

431,375

153,061

-24,363

4,219

-22,980

-41,038

-9,464

-11,303

-5,636

7,874

-3,944

-14,222

3,601

-1,339

8,000

-8,982

-75,856

-3,348

6,159

504

808

-11,254

3,577

1,052

Effect of Exchange Rate Changes on Cash and Cash Equivalents

-939

917

-1,732

-157

424

-512

-950

-3,944

2,383

1,606

1,820

2,342

1,622

-4,396

396

-278

1,630

-884

-622

315

-2,641

-2,220

-2,677

306

-195

119

1,554

-304

-1,876

-424

1,309

-2,035

714

-1,090

-2,874

1,583

2,682

-903

Increase (decrease) in cash and cash equivalents during the period

2,511

6,134

-17,798

1,613

3,684

-1,366

5,401

-17,975

-9,693

-14,662

7,113

4,187

1,484

11,169

-87,933

109,366

4,060

7,519

-1,529

-7,962

5,914

-5,052

3,792

12,885

-9,768

5,155

-5,235

6,956

-1,311

-31,929

-65,660

22,264

19,506

-353

2,794

-4,411

25,431

3,670

Cash paid during the period for
Interest

14,508

1,918

3,892

6,179

6,773

5,292

5,456

5,454

5,530

5,784

7,964

6,720

4,761

10,436

567

309

195

154

139

226

275

176

206

186

88

114

-

-

-

-

166

258

255

268

295

301

289

399

Income taxes

5,930

2,069

2,111

3,015

4,274

2,006

3,735

2,691

2,631

2,323

940

1,159

3,395

5,984

-565

3,053

5,657

2,681

1,822

58

4,905

3,414

2,807

2,967

6,287

3,567

4,095

6,087

7,251

5,132

8,340

8,145

11,894

5,410

3,185

3,432

-2,732

3,176

Non-cash investing and financing activities
Property and equipment acquired under capital lease

-

-

-

-

-

-

-

-

-

-

295

2,452

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-