Pgt innovations, inc. (PGTI)
CashFlow / TTM
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

51,031

43,688

50,882

49,347

54,850

53,933

63,752

56,473

44,180

39,839

23,668

28,172

25,267

23,747

23,399

18,949

18,379

23,552

22,699

18,684

19,705

16,405

18,828

22,786

24,907

26,819

24,670

21,103

14,871

8,955

-553

-3,034

-11,761

-16,898

0

0

0

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

19,589

18,900

18,330

17,212

15,736

14,200

13,322

13,124

13,037

13,100

12,096

11,144

10,416

9,577

8,994

8,306

7,643

7,008

6,415

5,761

5,098

4,534

4,229

4,285

4,373

4,622

4,856

5,107

5,455

5,731

6,062

6,792

7,178

7,590

0

0

0

Amortization

16,583

15,856

16,058

14,937

12,581

10,225

7,785

6,636

6,563

6,477

6,413

6,377

6,402

6,096

5,366

4,608

3,862

3,413

3,526

2,701

1,836

1,446

2,049

3,635

5,260

6,458

6,502

6,501

6,502

6,502

6,502

6,503

6,502

6,502

0

0

0

Provision for allowance for doubtful accounts

2,131

1,553

2,626

2,539

1,636

1,984

1,344

882

974

576

406

162

59

81

50

124

-113

-131

-308

-458

-426

-535

-562

-380

-161

29

115

86

160

37

253

493

514

880

0

0

0

Stock-based compensation

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation, including special employee grant

-

-

-

-

-

3,400

2,832

2,063

1,956

1,900

1,785

1,659

1,682

1,769

2,048

1,989

1,845

1,774

1,604

1,535

1,443

1,214

1,106

1,025

899

970

1,069

1,205

1,365

1,363

1,391

1,406

1,461

1,773

0

0

0

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred financing costs and debt discount

1,558

1,674

2,007

7,486

7,602

7,790

8,663

4,406

4,566

4,642

3,736

2,979

2,940

6,779

6,377

5,736

5,329

1,014

788

3,545

3,514

3,533

3,723

938

1,505

1,660

1,661

1,670

1,095

857

774

806

1,167

1,233

0

0

0

Debt extinguishment costs

-

-

-

-

-

3,375

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivative financial instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-126

-621

-648

-291

-669

-47

87

-165

16

-289

-429

-366

-136

0

0

0

-

-

-

0

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,993

2,283

1,930

2,922

3,329

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits on stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

1,872

1,273

760

3,603

3,840

2,939

4,407

4,996

6,064

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Gains on sales of assets

-89

-143

95

113

2,721

2,703

3,004

3,004

454

452

98

96

47

45

5

5

5

-10

0

0

0

-

-

-

-

2,186

2,160

2,240

2,430

266

1,178

1,240

1,054

996

0

0

0

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

5,115

-12,682

-7,235

2,934

9,820

17,681

29,876

18,101

19,649

17,922

6,598

11,812

8,339

7,069

9,536

6,641

4,280

7,263

9,068

5,549

6,697

642

5,026

7,468

5,131

8,234

6,296

5,509

4,808

667

-39

144

301

1,560

0

0

0

Inventories

-427

-815

1,089

-2,180

231

-88

408

5,913

7,281

7,305

8,308

4,130

4,087

152

525

137

1,203

3,083

2,902

4,448

2,718

3,834

1,596

1,725

1,836

1,379

3,580

2,195

1,170

-73

-421

306

917

1,068

0

0

0

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

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,215

-2,533

-2,226

2,091

1,786

2,634

3,009

1,922

1,628

1,093

708

758

1,267

734

-183

-187

-87

-453

99

-216

-367

0

0

0

Accounts payable, accrued and other liabilities

-4,434

-19,487

-11,077

7,464

12,707

26,435

25,357

24,690

19,164

18,261

10,012

3,904

5,092

1,962

3,139

5,954

-3,675

5,669

6,784

6,997

10,921

3,823

10,556

7,610

2,924

2,111

962

-349

-332

462

1,466

1,078

-1,926

-3,167

0

0

0

Net cash provided by operating activities

91,232

81,216

90,026

105,015

92,336

100,306

78,907

71,882

55,189

49,025

47,842

39,784

43,172

46,365

44,143

46,292

28,130

32,456

26,878

23,939

28,980

22,250

26,290

26,399

27,380

25,731

23,076

21,657

21,017

23,188

19,308

16,002

7,859

-1,672

0

0

0

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

25,296

31,268

28,281

27,840

31,424

29,769

29,908

26,386

21,345

17,818

14,057

15,842

17,149

17,694

17,049

16,723

17,101

17,391

18,444

20,310

20,050

19,301

16,936

13,262

10,116

7,550

5,747

3,564

3,498

3,792

3,957

4,195

3,640

3,496

0

0

0

Business acquisition

0

-

-

-

-

-

-

-

-

-

-

-

-

101,338

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in margin account for derivative financial instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-466

-250

0

0

0

Proceeds from sales of assets

125

71

134

156

5,975

5,957

8,896

8,852

3,091

3,089

98

96

47

45

0

0

0

-

-

-

-

-

-

-

-

7,478

0

0

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-115,316

-31,197

-27,518

-382,268

-380,033

-378,396

-376,225

-17,534

-18,254

-14,729

-13,959

-16,825

-18,181

-118,987

-118,381

-116,976

-117,354

-17,391

-18,444

-130,748

-130,488

-129,739

-127,374

-13,256

-10,108

-72

1,731

4,138

4,410

-3,338

-2,454

-2,712

-1,702

-1,774

0

0

0

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

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock, net of issuance costs

-

-

-

-

-

152,503

0

0

0

-

-

0

37

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of long-term debt

-

64,138

8,237

160,302

160,298

160,294

0

0

0

-

-

-

-

203,525

204,025

199,850

199,675

2,000

2,000

78,500

79,000

79,500

80,000

3,000

32,000

38,500

0

0

0

-

-

-

-

-

-

-

-

Payments of financing costs

0

-

-

-

-

12,066

0

0

0

-

-

-

-

7,178

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

261,030

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50

79

107

116

113

0

0

0

Purchases of treasury stock under repurchase program

-

-

-

-

-

-

-

-

-

-

-

-

-

2,847

2,762

2,762

2,762

44

4

4

66

1,025

1,025

1,025

50,963

56,091

0

0

0

-

-

-

-

-

-

-

-

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

815

505

555

554

555

687

740

741

740

284

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

1,898

1,562

1,573

1,518

2,279

2,239

2,188

2,000

830

941

1,010

1,331

1,180

981

1,068

768

2,242

2,192

1,959

2,463

1,028

1,691

1,601

3,158

3,827

3,580

0

0

0

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock under employee stock purchase plan

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits on stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

1,872

1,273

760

3,603

3,840

2,939

4,407

4,996

6,064

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-14

-19

-24

-30

-31

-30

-31

-30

-30

-29

-28

-28

-29

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

46,700

-5,426

-12,864

297,831

298,585

296,711

284,750

-40,707

-41,806

-39,477

-19,060

-2,183

-2,776

50,339

49,350

52,703

57,186

3,959

2,686

120,874

119,473

119,754

121,011

4,704

-785

-14,198

-20,734

-25,919

-25,157

-12,047

-5,038

-5,268

-7,629

-7,626

0

0

0

Net decrease in cash and cash equivalents

22,616

44,593

49,644

20,578

10,888

18,621

-12,568

13,641

-4,871

-5,181

14,823

20,776

22,215

-22,283

-24,888

-17,981

-32,038

19,024

11,120

14,065

17,965

12,265

19,927

17,847

16,487

11,461

4,073

-124

270

7,803

11,816

8,022

-1,472

-11,072

0

0

0

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Establish operating lease liability

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration reversed out of accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

3,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property, plant and equipment additions in accounts payable

0

-

-

-

0

-

-

-

0

-

-

-

-

251

1,728

878

1,115

723

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-