Pgt innovations, inc. (PGTI)
CashFlow / Quarterly
Apr'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'11
Cash flows from operating activities:
Net income

15,600

3,280

15,106

17,045

8,257

10,474

13,571

22,548

7,340

20,293

6,292

10,255

2,999

4,122

10,796

7,350

1,479

3,774

6,346

6,780

6,652

2,921

2,331

7,801

3,352

5,344

6,289

9,922

5,264

3,195

2,722

3,690

-652

-6,313

241

-5,037

-5,789

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

5,186

5,046

4,711

4,646

4,497

4,476

3,593

3,170

2,961

3,598

3,395

3,083

3,024

2,594

2,443

2,355

2,185

2,011

1,755

1,692

1,550

1,418

1,101

1,029

986

1,113

1,157

1,117

1,235

1,347

1,408

1,465

1,511

1,678

2,138

1,851

1,923

Amortization

4,742

3,897

3,929

4,015

4,015

4,099

2,808

1,659

1,659

1,659

1,659

1,586

1,573

1,595

1,623

1,611

1,267

865

865

865

818

978

40

0

428

1,581

1,626

1,625

1,626

1,625

1,625

1,626

1,626

1,625

1,626

1,625

1,626

Provision for allowance for doubtful accounts

646

-106

692

899

68

967

605

-4

416

327

143

88

18

157

-101

-15

40

126

-27

-252

22

-51

-177

-220

-87

-78

5

-1

103

8

-24

73

-20

224

216

94

346

Stock-based compensation

1,500

-

-

-

1,200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation, including special employee grant

-

-

-

-

-

900

1,300

686

514

332

531

579

458

217

405

602

545

496

346

458

474

326

277

366

245

218

196

240

316

317

332

400

314

345

347

455

626

Amortization and write-offs of deferred financing costs and debt discount

311

-

-

-

427

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred financing costs and debt discount

311

371

442

434

427

704

5,921

550

615

1,577

1,664

710

691

671

907

671

4,530

269

266

264

215

43

3,023

233

234

233

238

800

389

234

247

225

151

151

279

586

217

Debt extinguishment costs

-

-

-

-

-

0

296

0

3,079

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative financial instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-71

-55

-495

-27

286

-433

127

107

34

-252

-178

-33

97

-22

-

-

-

-42

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,943

0

28

22

2,233

-353

1,020

429

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits on stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

242

1,166

231

233

-357

653

3,074

470

-1,258

2,121

3,663

1,538

-

-

-

-

-

-

-

-

-

-

-

-

Gains on sales of assets

82

-146

-16

-9

28

92

2

2,599

10

393

2

49

8

39

0

0

6

-1

0

0

-9

-

-

-

-

1

5

2

2,178

-25

85

192

14

887

147

6

-44

Change in operating assets and liabilities (net of effects of acquisition):
Accounts receivable

17,857

-15,364

603

2,019

60

-9,917

10,772

8,905

7,921

2,278

-1,003

10,453

6,194

-9,046

4,211

6,980

4,924

-6,579

1,316

4,619

7,907

-4,774

-2,203

5,767

1,852

-390

239

3,430

4,955

-2,328

-548

2,729

814

-3,034

-365

2,886

2,073

Inventories

4,039

-3,715

1,840

-2,591

3,651

-1,811

-1,429

-180

3,332

-1,315

4,076

1,188

3,356

-312

-102

1,145

-579

61

-490

2,211

1,301

-120

1,056

481

2,417

-2,358

1,185

592

1,960

-157

-200

-433

717

-505

527

178

868

Contract assets, net, prepaid expenses, other current and other assets

1,029

-

4,962

-1,920

4,678

-

2,356

1,058

1,034

-

529

-447

179

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

411

301

-3,040

113

93

608

1,277

-192

941

983

190

-486

406

598

240

23

-127

-319

236

123

-493

233

-79

-28

Accounts payable, accrued and other liabilities

5,916

-9,577

-10,301

9,528

-9,137

-1,167

8,240

14,771

4,591

-2,245

7,573

9,245

3,688

-10,494

1,465

10,433

558

-9,317

4,280

804

9,902

-8,202

4,493

4,728

2,804

-1,469

1,547

42

1,991

-2,618

236

59

2,785

-1,614

-152

-2,945

1,544

Net cash provided by operating activities

10,924

26,944

9,689

43,675

908

35,754

24,678

30,996

8,878

14,355

17,653

14,303

2,714

13,172

9,595

17,691

5,907

10,950

11,744

-471

10,233

5,372

8,805

4,570

3,503

9,412

8,914

5,551

1,854

6,757

7,495

4,911

4,025

2,877

4,189

-3,232

-5,506

Cash flows from investing activities:
Purchases of property, plant and equipment

2,327

11,016

7,289

4,664

8,299

8,029

6,848

8,248

6,644

8,168

3,326

3,207

3,117

4,407

5,111

4,514

3,662

3,762

4,785

4,892

3,952

4,815

6,651

4,632

3,203

2,450

2,977

1,486

637

647

794

1,420

931

812

1,032

865

787

Business acquisition

90,145

-

-

-

-

-

-

-

-

-

-

-

-

0

1,079

0

100,259

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in margin account for derivative financial instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-16

-244

-206

0

200

Proceeds from sales of assets

82

28

24

-9

28

91

46

5,810

10

3,030

2

49

8

39

0

0

6

-

-

-

-

-

-

-

-

0

6

2

7,470

-

-

-

-

-

-

-

-

Net cash used in investing activities

-92,390

-10,988

-7,265

-4,673

-8,271

-7,309

-362,015

-2,438

-6,634

-5,138

-3,324

-3,158

-3,109

-4,368

-6,190

-4,514

-103,915

-3,762

-4,785

-4,892

-3,952

-4,815

-117,089

-4,632

-3,203

-2,450

-2,971

-1,484

6,833

-647

-564

-1,212

-915

237

-822

-202

-987

Cash flows from financing activities:
Proceeds from issuance of senior notes

53,188

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock, net of issuance costs

-

-

-

-

-

-150

152,642

6

5

-

-

8

9

-

10

9

8

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of long-term debt

-

63,975

9

78

76

8,074

152,074

74

72

-

-

-

-

0

4,675

675

198,175

500

500

500

500

500

77,000

1,000

1,000

1,000

0

30,000

7,500

-

-

-

-

-

-

-

-

Payments of financing costs

1,266

-

-

-

-

0

10,379

0

1,687

-

-

-

-

0

0

0

7,178

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

261,030

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

20

30

29

28

29

27

Purchases of treasury stock under repurchase program

-

-

-

-

-

-

-

-

-

-

-

-

-

125

0

0

2,722

40

0

0

4

0

0

62

963

0

0

50,000

6,091

-

-

-

-

-

-

-

-

Purchases of treasury stock relating to tax withholdings on employee equity awards

815

0

0

0

505

50

-1

1

637

103

0

0

181

-

0

0

54

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

549

300

422

627

213

311

367

1,388

173

260

179

218

284

329

500

67

85

416

200

1,541

35

183

704

106

698

93

2,261

775

451

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock under employee stock purchase plan

119

-

-

-

17

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits on stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

242

1,166

231

233

-357

653

3,074

470

-1,258

2,121

3,663

1,538

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-3

-2

-2

-7

-8

-7

-8

-8

-7

-8

-7

-8

-6

-7

-7

-9

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

51,775

-516

-5,122

563

-351

-7,954

305,573

1,317

-2,225

-19,915

-19,884

218

104

502

-3,007

-375

53,219

-487

346

4,108

-8

-1,760

118,534

2,707

273

-503

2,227

-2,782

-13,140

-7,039

-2,958

-2,020

-30

-30

-3,188

-4,381

-27

Net decrease in cash and cash equivalents

-29,691

15,440

-2,698

39,565

-7,714

20,491

-31,764

29,875

19

-10,698

-5,555

11,363

-291

9,306

398

12,802

-44,789

6,701

7,305

-1,255

6,273

-1,203

10,250

2,645

573

6,459

8,170

1,285

-4,453

-929

3,973

1,679

3,080

3,084

179

-7,815

-6,520

Non-cash activity:
Establish right-of-use asset

14,605

-

-

-

31,165

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Establish operating lease liability

-14,605

-

-

-

-33,594

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration reversed out of accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property, plant and equipment additions in accounts payable

119

-

-

-

729

-

-

-

512

-

-

-

-

-930

753

-189

617

547

-97

48

225

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-