Photronics inc (PLAB)
CashFlow / Quarterly
Feb'20Oct'19Jul'19Apr'19Jan'19Oct'18Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Jan'11
Cash flows from operating activities:
Net income

10,928

13,037

9,834

9,852

7,768

16,769

19,797

15,189

9,481

10,496

4,799

1,484

4,510

6,570

11,453

14,152

23,501

22,150

15,411

12,156

7,142

6,699

7,344

15,951

2,041

4,911

6,364

5,442

2,859

4,217

11,267

9,530

4,841

9,035

12,622

-15,033

13,584

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

24,626

18,851

21,872

19,734

18,781

15,051

20,056

22,066

22,363

17,618

21,839

21,346

20,896

17,511

19,270

20,204

20,628

14,219

21,147

19,464

20,854

14,447

21,630

18,883

17,899

10,913

17,591

18,333

19,157

13,613

20,875

21,468

22,667

16,571

23,623

23,278

23,189

Gains on sales of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

0

155

0

8,785

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Consolidation, restructuring and related charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30

232

0

0

0

0

Share-based compensation

1,356

-

-

-

1,062

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets, liabilities, and other:
Accounts receivable

6,699

-1,864

11,890

-7,038

9,333

3,456

-1,879

21,668

-4,692

13,656

173

2,595

-6,799

-14,871

2,563

676

-7,175

8,071

9,500

-3,644

7,888

-6,750

5,031

-3,592

40

-10,894

408

9,996

-1,910

-8,866

-5,153

4,116

-1,287

-8,526

-1,048

15,519

-4,139

Inventories

1,435

8,005

5,636

7,134

2,313

-2,224

621

5,380

2,385

-1,873

969

307

1,199

-2,472

-52

1,911

-1,655

1,079

829

-1,013

1,998

-787

1,663

660

1,016

376

-548

66

997

-5,644

2,583

-1,239

-383

-7,652

2,746

6,151

5,299

Other current assets

-4,724

-775

3,292

-15,968

22,082

2,401

-336

10,098

-432

1,523

-547

-444

-1,659

1,241

-6,082

94

-3,189

4,053

-1,489

-4,551

4,544

-124

1,487

-3,950

806

-3,796

4,968

-1,323

2,895

-596

-23

156

542

-1,377

2,654

-1,140

-360

Accounts payable, accrued liabilities and other

-2,715

13,701

14,903

-27,397

-13,169

7,719

7,602

6,937

-3,721

-1,898

839

-5,004

-1,126

-14,672

-7,891

-9,924

-3,975

4,383

6,202

-5,221

8,734

-9,847

1,146

358

-3,881

-8,948

12,493

2,233

-1,369

-17,042

10,390

369

5,167

-20,092

4,673

11,116

5,682

Net cash provided by (used in) operating activities

30,785

44,882

25,791

16,999

-19,286

43,610

49,049

7,046

30,862

23,044

26,882

15,368

31,539

30,750

26,248

21,751

43,388

41,368

33,920

35,607

22,300

34,523

21,939

25,702

14,197

31,847

31,620

17,269

18,665

25,025

45,125

28,364

34,035

32,102

40,461

22,335

41,655

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

13,807

18,226

19,713

33,511

106,925

28,213

20,243

33,134

10,995

53,206

24,607

4,552

9,600

5,319

9,900

13,389

21,539

23,926

12,172

27,564

40,371

32,807

15,893

30,201

12,184

16,511

15,415

16,327

15,539

4,969

24,383

49,499

18,127

23,032

19,835

20,134

19,120

The cash inflow from government incentives during the period.

2,417

9,309

11,996

669

5,029

1,005

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in joint venture

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

7,498

5,499

400

7,498

2,275

4,499

3,999

Proceeds from sales of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

0

93,068

0

8,785

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of business

-

-

-

-

-

-

-

-

-

0

0

0

5,400

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,698

-

-

-

0

-

-

-

-

-

-

-

-

Other

139

-85

1

42

-19

-616

-17

-441

145

-475

-4

66

396

-13

-391

0

-193

-782

65

261

-43

-215

-151

977

-67

-2,358

-192

1,779

1,043

-77

18

-2

1,602

0

0

250

0

Net cash used in investing activities

-11,529

-8,927

-7,718

-32,884

-101,877

-26,810

-20,226

-32,693

-11,140

-53,565

-24,603

-4,451

-15,396

-5,319

83,559

-13,389

-12,561

-23,915

-12,237

-27,825

-40,328

-32,956

-15,742

-24,972

-13,815

-16,326

-15,223

-18,106

-16,582

-4,919

-31,899

-54,996

-20,129

-30,625

-22,110

-24,883

-23,119

Cash flows from financing activities:
Proceeds from debt

1,140

1,406

13,594

11,453

28,180

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of treasury stock

11,000

11,000

0

0

10,696

16,324

6,787

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of debt

389

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from share-based arrangements

2,886

757

281

383

650

606

252

2,978

798

301

218

1,198

1,113

291

126

983

2,063

276

1,180

427

768

255

155

370

518

169

127

385

203

136

86

198

233

134

1,050

-515

159

Contribution from noncontrolling interest

0

0

0

0

29,394

-1

5,999

0

11,998

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from long-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

17,000

Repayments of long-term debt

-

-

-

-

-

-

-

1,390

1,381

-

1,362

1,352

1,343

1,333

1,325

52,514

2,437

2,419

2,401

2,384

2,367

2,350

2,332

1,546

23,554

3,324

1,671

1,664

1,655

1,647

1,303

1,344

999

662

3,142

35,957

24,346

Dividends paid to noncontrolling interests

0

18,948

0

0

26,102

0

8,166

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Return of capital to noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

747

27,437

0

4,190

3,945

4,076

6,692

885

6,584

0

3,294

0

Payments of deferred financing fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10

27

-1

310

0

0

40

0

-

-

-

-

-

-

-

-

Other

-248

0

-47

0

-45

-245

-7

-6

-261

1

-10

-7

-16

-1

0

-19

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by financing activities

-7,611

-27,785

13,729

-49,384

21,381

-16,433

-10,108

1,582

11,154

-1,069

-9,452

-161

-246

-2,009

-13,089

-51,550

-374

-2,151

-1,316

-2,033

-1,599

-2,219

-2,258

-1,718

-23,346

-3,902

-28,981

-1,319

-5,642

-5,456

-5,293

16,964

-1,651

-7,112

-2,977

71,801

-7,187

Effects of exchange rate changes on cash, cash equivalents, and restricted cash

149

1,175

-1,637

-118

2,961

-3,865

-7,305

-3,437

9,767

-771

2,021

5,272

-275

-1,017

973

5,722

-4,876

-997

-4,855

1,691

-4,692

-2,757

571

3,588

-3,423

6,725

-697

-5,063

3,287

6,098

-2,598

-172

-383

-7,282

1,359

4,136

2,429

Net increase (decrease) in cash, cash equivalents, and restricted cash

11,794

9,345

30,165

-65,387

-96,821

-3,498

11,410

-27,502

40,643

-32,361

-5,152

16,028

15,622

22,405

97,691

-37,466

25,577

14,305

15,512

7,440

-24,319

-3,409

4,510

2,600

-26,387

18,344

-13,281

-7,219

-272

20,748

5,335

-9,840

11,872

-12,917

16,733

73,389

13,778

Supplemental disclosure of non-cash information:
Accrual for property, plant and equipment purchased during the period

1,511

-6,344

2,561

-13,243

30,697

22,644

-3,359

8,773

1,544

195

-8,837

9,380

2,029

697

3,872

-1,949

5,246

-14,774

-8,450

-5,428

54,510

-2,123

15,677

-19,217

34,335

-10,070

60,074

-48,844

16,342

2,044

5,557

-12,996

10,447

-13,110

16,900

-10,194

13,273

Receivables of government incentives applied to offset the cost of capital expenditures during the period.

0

-

-1,716

1,603

11,799

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-