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

22,641

37,872

43,067

49,006

44,400

38,678

61,328

56,138

57,769

56,530

25,084

25,086

21,626

17,425

27,494

31,109

34,742

43,450

45,462

47,216

50,577

46,650

42,009

52,483

49,886

53,168

57,806

51,642

49,704

49,800

51,556

51,197

52,541

53,192

50,942

0

0

0

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

9,803

9,770

9,397

9,203

8,682

7,455

7,283

7,053

6,253

5,501

5,600

5,972

6,338

7,227

7,224

6,847

6,952

6,873

7,351

7,356

7,214

7,077

5,761

4,717

4,052

3,635

3,736

4,048

3,707

3,554

3,372

2,905

2,978

2,807

2,701

0

0

0

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

355

475

720

771

1,316

1,273

1,671

1,723

1,994

2,156

1,883

1,807

0

0

0

-

-

-

-

-

-

-

-

Fair value adjustment to acquired inventory

1,757

1,696

1,601

1,141

984

445

0

0

251

251

7,975

15,891

15,640

15,640

7,916

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net periodic pension benefit cost

1,492

1,324

1,154

1,159

1,165

1,178

1,178

1,360

1,509

1,627

1,768

1,583

1,428

1,289

1,136

1,089

1,039

998

986

1,010

989

907

1,098

1,161

1,265

1,429

1,288

1,124

967

810

664

686

710

720

724

0

0

0

Depreciation

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of Intangible Assets

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation, Depletion and Amortization

-

-

-

-

-

-

34,492

35,951

36,039

35,867

35,523

35,080

31,023

27,524

24,077

20,015

20,638

20,856

21,106

20,914

20,596

19,984

19,279

18,464

17,914

17,241

16,589

15,925

15,047

14,536

13,782

13,109

12,923

12,823

12,894

0

0

0

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

-1,982

-1,893

-1,442

3,781

3,811

4,068

4,162

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt issuance costs

6,110

6,572

6,765

3,627

4,117

4,394

4,644

4,989

4,682

4,266

3,863

3,611

2,781

1,921

1,054

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

13,196

12,384

11,060

57,011

57,663

57,346

28,252

-16,663

-18,144

-19,402

9,127

3

1,311

2,462

5,274

-4,135

-5,112

-4,320

-459

11,289

11,672

10,397

5,912

-603

-449

925

1,010

439

772

344

-29

-5,005

-5,471

-6,006

-5,357

0

0

0

Bad debt provision (recovery), net

81

1,148

1,744

1,513

1,573

1,975

2,271

1,929

2,241

1,808

1,930

1,968

1,684

1,422

957

579

734

974

1,210

1,273

996

1,023

810

497

532

351

-160

-209

-101

403

896

1,045

1,084

528

729

0

0

0

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

-1,151

25,440

21,340

33,596

23,174

-6,598

-4,763

-13,575

-16,593

-1,112

-7,652

-2,786

4,726

1,536

22,059

13,587

-10,615

-7,300

-3,308

-3,460

10,474

26,454

6,245

24,868

19,202

19,024

43,179

21,810

20,873

-4,041

398

12,580

44,923

66,159

44,714

0

0

0

Inventories, net

-8,084

-14,774

-8,702

-3,828

10,844

22,633

12,343

12,277

14,769

7,978

2,253

-5,169

-10,792

-8,516

-3,365

1,545

6,696

2,284

4,105

11,392

10,261

10,117

4,623

612

3,678

6,172

9,616

13,764

4,681

5,530

2,104

30

9,628

11,310

13,610

0

0

0

Prepaid expenses

-1,686

1,083

3,194

1,901

2,107

-1,147

375

199

805

2,388

1,486

412

1,161

1,639

1,086

2,112

1,356

141

1,673

869

1,126

2,800

-780

1,605

834

-973

1,587

-97

1,017

1,737

919

1,543

687

1,450

268

0

0

0

Accounts payable

6,844

-908

-4,624

-11,924

-10,323

-4,816

-846

1,920

4,477

2,788

1,751

436

-1,615

5,434

5,647

9,593

124

4,214

6,772

4,229

8,818

2,416

-2,777

-3,529

-484

-4,592

-3,973

-1,343

429

4,833

5,922

108

2,780

6,425

5,492

0

0

0

Accrued payroll and related costs

-21

1,266

2,917

3,791

954

-2,168

-5,338

-540

-821

3,438

4,781

1,055

2,553

-1,307

9,057

3,919

5,202

41

-835

-3,325

-3,750

-428

67

1,959

2,774

3,998

1,366

-136

1,021

991

-2,257

-69

756

-278

740

0

0

0

Advance payments from customers

-40,201

-33,818

-23,041

-4,846

2,293

3,849

3,531

-67

-4,911

-8,670

3,635

-12,188

-12,356

7,681

5,701

29,830

44,081

17,932

13,065

7,853

2,634

17,227

6,171

-4,023

-13,657

-15,366

-21,082

-8,202

-9,376

-17,370

2,251

-135

19,048

31,991

19,123

0

0

0

Accrued warranty costs

-290

-1,104

-1,861

-1,743

-1,108

-969

-594

-376

-344

171

278

-23

226

-507

-414

-1,145

-1,707

-973

-445

498

1,085

727

406

-1,320

-695

-445

-632

1,501

47

-184

-1,223

-1,901

-1,785

-2,124

-2,191

0

0

0

Contributions to pension benefit plan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets and liabilities

14,396

-14,072

-24,490

-8,335

-7,400

2,237

4,222

4,939

6,393

6,033

16,350

2,334

-2,145

-2,497

-874

8,282

5,513

-2,749

-7,494

-11,986

-11,063

-1,614

-10,336

-9,694

-7,665

-7,344

-3,513

12,770

4,114

4,692

4,794

-2,410

-10,119

-10,402

-5,946

0

0

0

Net Cash Provided by (Used in) Operating Activities

40,215

57,089

73,463

61,106

56,658

64,655

63,247

71,360

67,901

52,151

71,860

74,939

68,431

86,154

68,068

74,249

105,668

98,337

100,436

87,590

76,168

53,802

64,669

45,090

37,602

36,251

-2,059

14,701

29,918

48,010

65,025

59,634

35,094

39,704

42,958

0

0

0

Cash Flows from Investing Activities
Purchases of property and equipment

37,457

37,324

30,525

19,921

16,302

13,293

12,321

14,336

13,848

15,945

17,798

17,851

18,927

18,798

20,806

21,963

20,510

20,633

18,445

16,710

18,676

19,958

20,038

22,478

25,764

26,219

29,690

27,173

23,342

21,366

15,625

14,261

12,108

10,179

10,145

0

0

0

Proceeds from sale of property and equipment

0

0

10

6,734

6,734

6,734

6,793

69

89

89

45

45

219

1,539

1,514

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to Acquire Businesses, Net of Cash Acquired

118,234

73,924

151,956

83,526

81,826

78,032

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

0

0

285

285

285

-538

-823

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Cash Provided by (Used in) Investing Activities

-155,691

-111,248

-182,756

-96,998

-91,679

-84,053

-4,705

-13,297

-13,789

-16,709

-18,606

-556,226

-599,628

-598,179

-600,212

-64,616

-19,857

-21,300

-19,112

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

408,576

350,000

430,391

80,391

80,391

80,391

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of long-term debt

299,801

298,656

298,659

5,145

19,991

46,136

64,517

64,603

48,530

23,398

4,881

3,511

2,300

1,150

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of debt issuance costs for long-term debt

0

0

-

-

0

0

-

-

-

-

782

19,600

20,023

20,023

19,837

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of debt component of tangible equity units

2,472

4,902

7,290

7,166

9,473

9,311

9,153

8,995

8,842

8,691

8,541

8,752

6,598

4,481

2,401

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of debt issuance costs for revolving credit facility

689

786

667

667

667

570

125

151

151

151

200

859

969

969

920

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Receipts under short-term borrowings

120,000

95,000

70,000

61,000

61,000

58,750

38,750

12,750

7,750

5,000

0

0

0

242

20,000

19,981

20,312

25,941

11,183

0

0

0

-

-

-

-

35,000

-30,710

-35,756

-40,629

-40,458

-5

59

-16

37

0

0

0

Payments under short-term borrowings

88,000

65,000

70,000

61,000

61,000

63,750

38,750

0

0

0

-

-

-

-

-

-

-

-

50,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

355

475

720

771

1,316

1,273

1,671

1,723

1,994

2,156

1,883

1,807

0

0

0

-

-

-

-

-

-

-

-

Cash dividends

22,475

22,093

21,713

21,501

21,417

21,389

21,360

21,061

20,791

20,406

20,079

19,973

19,374

14,485

13,932

17,811

17,879

22,334

22,445

18,185

18,171

18,250

18,330

18,422

18,681

14,186

19,113

18,329

17,594

21,433

15,874

11,950

11,077

13,229

9,300

0

0

0

Proceeds from exercise of stock options and employee stock purchase plan

3,365

3,438

3,435

1,988

1,948

1,818

1,992

1,700

4,652

5,139

5,579

5,631

2,959

3,300

3,847

4,785

4,037

5,077

4,847

7,832

7,483

7,329

7,590

8,010

8,693

9,155

8,645

7,508

7,365

14,049

17,886

15,429

16,159

16,312

12,878

0

0

0

Payments to purchase and retire common stock

2,008

2,012

1,533

1,481

1,044

1,015

1,403

1,439

1,060

1,607

1,785

1,670

1,534

6,980

18,414

18,638

21,107

28,667

29,115

29,130

34,061

32,835

31,013

52,825

48,063

35,735

24,767

0

0

0

-

-

-

-

-

-

-

-

Net Cash Provided by (Used in) Financing Activities

109,847

48,340

97,403

46,419

29,747

-1,212

-94,566

-95,145

-75,318

-44,710

-30,689

410,230

567,939

551,335

564,292

109,937

-84,162

-69,263

-84,785

-67,441

-18,529

-13,009

-15,928

-6,691

-15,904

-3,960

1,280

-78,177

-80,186

-82,027

-72,541

4,123

-3,783

-6,365

-5,817

0

0

0

Effect of Exchange Rate Changes on Cash and Cash Equivalents

-1,911

-548

-1,977

-1,195

-4,982

-3,023

-905

1,865

8,151

7,390

1,388

-36

-2,656

-2,648

864

-154

439

-3,832

-5,168

-7,223

-7,232

-4,786

-2,447

1,784

1,174

-507

-1,050

-1,295

-3,026

-436

-1,102

-5,285

-1,667

301

488

0

0

0

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

-7,540

-6,367

-13,867

9,332

-10,256

-23,633

-36,929

-35,217

-13,055

-1,878

23,953

-71,093

34,086

36,662

33,012

119,416

2,088

3,942

-8,629

-3,308

17,539

1,857

12,064

3,037

-2,892

5,565

-31,519

-91,944

-76,636

-55,819

-24,243

44,211

17,536

23,461

27,484

0

0

0

Cash paid during the period for
Interest

26,497

18,762

22,136

23,700

22,975

21,732

22,224

24,732

25,998

25,229

29,881

22,484

16,073

11,507

1,225

797

714

794

816

883

843

656

594

0

0

0

-

-

-

-

947

1,076

1,119

1,153

1,284

0

0

0

Income taxes

13,125

11,469

11,406

13,030

12,706

11,063

11,380

8,585

7,053

7,817

11,478

9,973

11,867

14,129

10,826

13,213

10,218

9,466

10,199

11,184

14,093

15,475

15,628

16,916

20,036

21,000

22,565

26,810

28,868

33,511

33,789

28,634

23,921

9,295

7,061

0

0

0

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

-

-

-

-

-

-

-

-

-

-

2,747

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-