Patrick industries inc (PATK)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jul'18Apr'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 Income (Loss) Attributable to Parent

89,904

89,566

96,552

103,169

110,613

119,832

121,908

111,919

98,319

85,718

70,232

64,360

60,069

55,577

54,053

50,940

46,044

42,219

37,476

35,770

32,928

30,674

28,393

26,591

24,917

24,040

22,245

23,347

29,103

28,095

26,350

24,332

14,716

8,470

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

64,427

62,795

61,608

59,860

59,270

55,052

48,918

43,202

37,449

33,541

31,204

29,026

26,567

24,362

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock warrants revaluation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,731

-2,506

-2,510

-2,099

-699

0

0

0

(Increase) decrease in cash surrender value of life insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

87

88

43

88

0

0

0

-

-

-

0

Amortization of convertible notes debt discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

409

431

430

416

443

479

543

600

605

796

995

0

0

0

Depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

5,580

5,124

4,962

4,926

4,990

4,664

4,239

4,063

3,740

3,936

4,182

4,087

0

0

0

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

3,819

2,959

2,639

2,371

2,119

1,913

1,726

1,523

1,283

1,136

973

829

0

0

0

Stock-based compensation expense

15,800

15,436

15,109

14,784

14,232

13,981

13,572

12,663

11,668

10,411

9,422

8,454

7,408

6,470

6,038

5,605

5,143

4,666

4,248

3,850

3,573

3,282

2,848

2,343

1,782

1,312

1,150

1,056

945

802

662

514

380

333

0

0

0

Deferred income taxes

-

-

-

-

-

-759

3,817

5,842

5,971

6,477

2,377

312

-94

560

1,051

3,168

1,890

1,799

1,047

-1,134

-1,093

-1,652

-273

-2,151

-1,526

-3,983

-12,131

-10,217

-11,758

-8,401

0

0

0

-

-

-

-

Amortization of convertible notes debt discount

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

832

0

0

0

-

-

-

0

Non-cash interest expense

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

250

194

195

194

221

222

222

222

0

0

0

Other

1,959

1,661

-133

3,109

489

2,841

2,816

460

941

-422

-556

-671

-624

-853

-1,708

-1,345

-1,058

-664

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of fixed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-24

439

430

425

665

242

238

218

-5

220

244

0

0

0

Interest paid-in-kind

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

116

0

0

0

Change in fair value of derivative financial instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

106

0

0

0

Amortization of loss on interest rate swap agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Change in operating assets and liabilities, net of acquisitions of businesses:
Trade receivables

6,497

-5,768

-11,616

-24,526

-20,935

-26,680

-16,899

-12,387

6,481

11,152

18,815

-4,441

16,642

-11,324

542

24,445

-15,560

-9,017

4,415

-3,284

13,435

1,942

2,341

5,152

6,578

1,477

-1,070

2,850

-1,131

-1,034

5,634

-2,027

2,914

3,334

0

0

0

Inventories

-247

-19,682

-22,414

-23,369

-9,873

-92

28,415

39,416

38,427

35,270

22,871

16,914

16,198

12,461

2,946

-2,192

-2,680

-3,042

-2,950

-2,540

-209

1,660

8,968

7,129

5,289

7,482

11,140

13,236

18,389

14,182

11,210

8,012

4,418

3,874

0

0

0

Prepaid expenses and other assets

8,436

12,869

-1,674

1,961

-4,734

-1,654

1,061

3,407

8,769

7,600

5,256

1,522

941

1,629

1,192

1,262

759

-465

-141

-69

103

1,521

-720

475

283

1,576

2,188

506

348

1,279

465

482

181

-87

0

0

0

Accounts payable, accrued liabilities and other

11,538

1,079

-22,039

-26,440

-22,738

-21,081

24,764

37,488

48,513

30,308

15,959

9,205

9,403

12,796

14,450

6,776

-1,369

-8,664

-6,403

-3,705

-679

4,869

-6,500

-2,828

5,073

-3,648

5,585

5,547

4,640

5,188

5,271

6,892

-3,503

2,467

0

0

0

Payments on deferred compensation obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-332

-349

-369

-385

-402

-401

-397

-392

-401

-437

-438

-466

0

0

0

Net cash provided by operating activities

177,690

192,410

194,633

202,610

202,089

200,013

194,447

171,399

136,606

99,901

78,469

97,824

70,799

97,147

93,061

58,535

85,148

66,856

48,458

56,995

36,006

46,318

24,179

24,083

28,763

22,431

27,819

21,716

20,367

20,997

16,919

27,466

12,581

11,815

0

0

0

CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures

25,236

27,661

30,640

38,596

36,850

34,486

35,332

27,790

26,654

22,497

17,778

18,110

15,977

15,406

14,093

10,793

9,005

7,958

7,089

7,409

7,494

6,542

7,639

7,513

8,275

8,669

7,828

9,226

8,368

7,895

6,074

3,461

3,077

2,436

0

0

0

Proceeds from sale of property, equipment and other investing activities

3,051

4,402

0

0

0

-

-

-

-

-

-

-

-

279

244

287

256

103

116

93

120

113

109

69

559

1,021

985

1,020

515

34

72

35

77

101

0

0

0

Proceeds from sale of property, equipment and other investing activities

-

-

-

-

-

-

-

-

0

-

-235

-101

-48

-44

28

-644

-645

-644

-596

50

98

98

98

146

98

97

99

98

99

99

0

0

0

-

-

-

0

Business acquisitions, net of cash acquired

79,012

55,953

75,645

80,157

248,708

343,347

444,642

432,683

337,608

251,851

124,096

155,514

112,635

138,915

113,088

146,668

136,981

140,176

0

0

0

-

-

-

-

-

-

-

-

29,262

10,324

10,483

11,005

7,314

0

0

0

Net cash used in investing activities

-101,197

-79,212

-100,438

-108,013

-277,717

-371,370

-473,808

-459,226

-363,055

-273,137

-141,601

-173,445

-128,464

-153,998

-126,965

-156,530

-145,085

-147,387

-155,019

-84,946

-119,145

-78,621

-70,215

-79,128

-24,325

-24,256

-43,525

-33,875

-33,523

-37,222

-16,340

-13,948

-14,095

-9,740

0

0

0

Borrowings on revolver and term loan, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

30,226

20,901

17,882

16,930

-112

-13,753

-1,183

-3,563

0

0

0

Term debt repayments

5,000

6,250

5,000

6,250

5,000

7,691

14,324

17,016

19,707

15,766

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings on revolver

446,326

653,129

905,389

817,900

1,093,929

1,211,464

1,274,923

1,229,878

939,171

673,830

513,112

441,566

375,546

422,253

353,682

437,146

337,707

322,601

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments on revolver

696,326

910,461

1,134,389

820,800

937,528

1,106,528

1,096,426

1,066,903

840,344

576,860

517,855

457,070

420,986

369,346

315,935

314,717

312,253

286,135

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock repurchases under buyback program

19,365

3,815

36,122

53,482

94,097

107,567

75,028

54,085

13,470

0

547

547

2,349

5,214

21,654

21,654

19,852

22,637

0

0

0

-

-

-

-

6,078

0

0

0

-

0

0

0

-

-

-

-

Proceeds from convertible notes offering

-

-

-

-

-

172,500

0

172,500

172,500

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from life insurance policy loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,762

0

0

0

Purchase of convertible notes hedges

-

-

-

-

-

31,481

31,481

31,481

31,481

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,137

0

0

0

Proceeds from sale of warrants

-

-

-

-

-

18,147

18,147

18,147

18,147

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends paid to shareholders

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from public offering of common stock, net of expenses

-

-

-

-

-

-

-

-

-

93,306

93,306

93,312

93,612

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Realization of excess tax benefit on stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,147

1,080

1,215

1,238

1,071

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payments related to vesting of stock-based awards, net of shares tendered for taxes

2,905

3,380

3,398

3,413

3,334

2,698

4,438

4,384

4,382

4,821

4,152

4,135

4,135

1,666

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of deferred financing costs and other

7,026

7,219

7,361

639

2,515

7,632

7,487

7,271

5,384

997

1,032

1,386

1,396

417

0

0

0

-

-

-

-

106

94

9

52

101

344

340

294

257

67

193

1,964

2,568

0

0

0

Payment for Contingent Consideration Liability, Financing Activities

2,000

4,416

4,400

4,400

4,416

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Stock Options Exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

1,900

1,865

3,708

1,845

1,861

1,861

16

16

26

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other financing activities

-

-

-

-

-

-10

855

-35

857

862

33

950

6

-24

-87

-100

-65

-101

0

0

0

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Payments on capital lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Net cash used in financing activities

9,576

19,297

22,211

-71,129

84,011

175,485

273,296

276,325

215,601

169,554

68,026

87,192

57,925

63,213

33,971

91,424

70,527

80,495

105,259

31,234

83,185

32,392

38,238

52,990

-5,870

1,425

25,328

16,142

13,367

16,109

69

-12,829

-2,092

-3,482

0

0

0

Increase (decrease) in cash and cash equivalents

86,069

132,495

116,406

23,468

8,383

4,128

-6,065

-11,502

-10,848

-3,682

4,894

11,571

260

6,362

67

-6,571

10,590

-36

-1,302

3,283

46

89

-7,798

-2,055

-1,432

-400

9,622

3,983

211

-116

648

689

-3,606

-1,407

0

0

0