Powell industries inc (POWL)
CashFlow / Yearly
Sep'19Sep'18Sep'17Sep'16Sep'15Sep'14Sep'13Sep'12Sep'11Sep'10Sep'09
Operating Activities:
Net Income (Loss) Attributable to Parent

9,890

-7,152

-9,486

15,510

9,439

29,224

42,076

29,657

-2,715

25,167

39,925

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

12,032

12,903

12,755

-

-

-

-

-

-

-

-

Depreciation

-

-

-

12,979

13,120

11,386

8,519

10,465

10,598

9,154

7,493

Amortization

-

-

-

352

435

779

1,671

2,612

4,848

4,549

3,469

Gain on sale of discontinued operations, net of tax

-

-

-

-

-

8,563

-

-

-

-

-

Impairments

-

-

-

-

-

-

-

-

7,158

7,452

-

Stock-based compensation

3,839

3,152

2,724

4,883

3,171

3,385

4,464

1,723

99

1,929

2,256

Excess tax benefit from stock-based compensation

-

-

-

-387

-191

407

464

-

-

-

-

Accounts Receivable, Credit Loss Expense (Reversal)

233

111

-160

187

-29

1,074

-544

842

-114

410

959

Deferred income taxes

820

-2,170

100

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

2,330

10,521

-3,212

-6,720

-1,422

-425

-348

-1,447

Gain on amended supply agreement

0

507

2,029

2,029

2,029

1,522

-

-

-

-

-

Gain on cash surrender value of life insurance

0

240

0

0

-

-

-

-

-

-

-

Cash received from amended supply agreement

0

0

2,333

2,333

2,333

10,000

-

-

-

-

-

Gain on sale of investment

-

-

-

-

-

-

-

-

1,229

-

-

Changes in operating assets and liabilities:
Accounts receivable, net

20,193

37,176

-47,983

-369

-391

-1,959

-5,838

16,209

17,616

-39,687

-15,392

Contract assets and liabilities, net

-55,333

14,117

3,270

-39,612

17,430

17,089

-23,054

34,755

13,519

-8,243

-35,701

Inventories

7,989

3,023

-8,213

-6,159

572

3,959

-3,881

-3,948

-1,542

-12,320

-25,884

Income taxes

6,681

996

-6,758

-195

-1,647

-

-

-

-

-

-

Prepaid expenses and other current assets

2,626

237

-453

-861

-4,222

1,101

3,530

-4,821

-4,514

5,813

3,432

Accounts payable

9,550

8,152

-2,417

-11,658

-4,992

-

-

-

-

-

-

Other assets

-

-

-

-

-

-

-

-13

-2,627

-440

194

Accounts payable and income taxes payable

-

-

-

-

-

1,002

13,029

-6,036

14,487

-20,281

4,891

Accrued liabilities

1,419

8,859

-11,676

3,927

-3,373

-4,997

-633

6,411

-4,255

-5,392

-40

Billings in excess of costs and estimated earnings on uncompleted contracts

-

-

-

-

-

-

-

-7,492

13,553

-13,762

5,789

Other, net

230

-1,906

1,950

1,101

833

-1,524

-784

517

-1,188

-378

-120

Net assets held for sale

-

-

-

-

-

10,355

-

-

-

-

-

Net cash provided by operating activities

68,759

-28,543

36,815

74,906

12,918

9,128

91,425

-5,965

15,487

64,133

126,984

Investing Activities:
Purchases of short-term investments

5,869

22,261

60,018

0

0

-

-

-

-

-

-

Maturities of short-term investments

13,088

35,248

33,189

0

0

-

-

-

-

-

-

Proceeds from sale of Transdyn

-

-

-

-

-

14,819

-

-

-

-

-

Purchases of property, plant and equipment, net

4,255

4,415

3,624

3,044

34,719

16,495

74,369

29,063

7,347

4,420

8,081

Proceeds from sale of property, plant and equipment

-

-

-

187

112

118

885

195

354

14

30

Proceeds from life insurance policy

0

1,861

0

0

-

-

-

-

-

-

-

Proceeds from sale of investment

-

-

-

-

-

-

-

-

1,229

-

-

Decrease in cash held in escrow

-

-

-

-

-

-

-

1,000

-

-

-

Increase in cash held in escrow

-

-

-

-

-

-

-

-

1,000

-

-

Changes in restricted cash

-

-

-

0

0

-

-

-

-

-

-

Purchase of noncontrolling interest - Powell Asia

-

-

-

-

-

-

-

-

-

659

-

Acquisition of Powell Canada

-

-

-

-

-

-

-

-

-

23,394

-

Net cash provided by investing activities

2,964

10,433

-30,453

-2,857

-34,607

-1,558

-73,484

-27,868

-6,764

-28,459

-8,051

Financing Activities:
Payments on industrial development revenue bonds

400

400

400

400

400

400

400

-

-

-

-

Borrowings on US revolving line of credit

-

-

-

-

-

-

-

-

-

-

50,953

Payments on US revolving line of credit

-

-

-

-

-

-

-

-

-

-

69,953

Payments on UK revolving line of credit

-

-

-

-

-

-

-

-

-

-

2,388

Payments on UK term loan

-

-

-

-

-

-

-

-

-

-

4,223

Borrowings on Canadian revolving line of credit

-

-

-

-

-

-

-

7,992

7,810

891

-

Payments on Canadian revolving line of credit

-

-

-

-

-

-

-

7,992

7,818

13,984

-

Payments on Canadian term loan

-

-

-

-

-

-

-

-

-

2,429

-

Payments on industrial development revenue bonds

-

-

-

-

-

-

-

400

400

400

400

Proceeds from exercise of stock options

-

-

-

-

-

-

-

1,799

495

1,700

515

Excess tax benefit from stock-based compensation

-

-

-

-387

-191

407

464

589

180

-

-

Shares withheld in lieu of employee tax withholding

1,454

712

398

1,000

740

499

187

-

-

-

-

Purchase of treasury shares

-

-

-

3,740

21,259

-

-

-

-

-

-

Dividends paid

11,998

11,916

11,875

11,845

12,358

11,998

-

-

-

-

-

Payments on deferred acquisition payable

-

-

-

-

-

-

-

-

-

4,292

5,220

Payments on short-term and other financing

-

-

-

-

-

16

329

717

1,068

1,087

13

Tax benefit from exercise of stock options

-

-

-

-

-

-

-

-

-

209

291

Net cash used in financing activities

-13,852

-13,028

-12,673

-17,372

-34,948

-12,506

-452

1,271

-801

-19,392

-30,438

Net increase in cash, cash equivalents and restricted cash

57,871

-31,138

-6,311

54,677

-56,637

-4,936

17,489

-32,562

7,922

16,282

88,495

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

-957

-347

1,801

-526

-2,912

643

-118

-864

191

1,668

-1,226