Ritchie bros. auctioneers incorporated (RBA)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15
Operating activities:
Net income

22,829

51,565

25,272

54,131

18,172

35,460

23,112

45,727

17,207

36,837

10,323

17,713

10,433

27,927

-5,000

40,591

29,994

47,372

21,247

45,846

24,110

Adjustments for items not affecting cash:
Depreciation and amortization expenses

19,293

18,582

17,692

17,112

17,115

17,163

16,723

16,537

16,191

15,647

14,837

11,872

10,338

10,301

10,196

10,284

10,080

10,630

10,017

10,769

10,616

Stock option compensation expense

1,187

-155

1,653

1,660

1,539

1,541

2,228

2,140

2,343

2,704

2,920

6,765

1,311

1,482

1,555

1,400

1,070

907

1,038

1,333

723

Equity-classified share unit expense

1,786

-707

2,851

3,535

2,368

2,278

2,717

3,226

3,035

1,658

-174

1,033

1,012

-

-

-

-

-

-

-

-

Inventory write down (note 14)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

882

1,402

0

0

167

253

60

Deferred income tax expense

1,331

13,586

-5,816

-1

1,057

10,013

-4,696

-343

1,265

-

-

-

-

2,479

-2,472

-2,889

-477

-392

-934

-1,953

-1,280

Equity loss (income) less dividends received

-

-

-

-

-

-

-

-

-

-

-

-

-

-

213

477

519

147

363

173

233

Unrealized foreign exchange (gain) loss

-782

2,929

78

3

48

-450

-409

171

-263

-

-

-

-

-1,361

-598

-609

621

60

-1,276

-1,183

996

Gain on disposition of property, plant and equipment

47

36

821

101

149

1,773

342

271

345

-

-

-

-

265

570

201

246

8,491

234

791

175

Amortization of debt issuance costs

756

1,385

936

831

934

1,963

959

1,007

1,066

998

1,001

612

445

-

-

-

-

-

-

-

-

Gain on contingent consideration from equity investment

1,700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of right-of-use assets

3,343

-

-

-

2,976

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

1,282

-7,113

3,725

5,633

534

1,361

585

-5,211

948

853

-270

-778

-1,042

-

-

-

-

-

-

-

-

Net changes in operating assets and liabilities

46,710

62,770

-103,336

-8,631

-27,405

21,323

47,471

22,021

-25,265

1,570

41,843

58,353

-112,045

26,298

20,646

68,768

-126,394

11,788

6,943

33,544

-77,409

Net cash provided by operating activities

4,132

23,688

148,750

88,452

71,903

47,133

-10,711

40,620

67,238

49,051

-17,490

-18,535

134,542

16,137

13,309

-17,563

165,675

38,031

25,271

22,923

110,234

Investing activities:
Acquisition of IronPlanet, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27,812

-

-

-

-

Property, plant and equipment additions

3,495

6,674

2,297

1,817

2,801

3,466

7,592

3,238

2,564

2,726

3,812

2,411

1,863

6,318

7,603

2,553

2,444

9,412

8,031

1,285

3,327

Intangible asset additions

7,220

9,038

6,202

6,550

5,625

6,742

7,137

5,239

7,034

8,102

10,358

4,460

5,664

5,517

5,348

2,982

3,711

4,516

-219

2,048

2,419

Proceeds on disposition of property, plant and equipment

333

319

5,027

321

262

8,062

891

567

1,066

1,498

1,036

946

1,505

3,432

1,831

604

824

11,967

804

3,123

773

Distribution from equity investment

4,212

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds on contingent consideration from equity investment

1,700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

2,804

-

-

-

-

0

0

0

4,674

-

-

-

-

-

-

-

173

-

-

-

-

Net cash used in investing activities

-7,274

-15,375

-3,472

-9,046

-8,164

-2,146

-7,691

-7,910

-13,206

-9,355

-15,572

-680,005

-6,022

-19,546

-58,705

-5,295

-33,316

-17,157

-7,008

-210

-4,973

Financing activities:
Share repurchase

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

36,726

0

0

0

47,489

Share repurchase

53,170

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid to stockholders

21,905

21,744

21,631

19,592

19,568

19,562

19,528

18,343

18,245

18,227

18,210

18,188

18,160

18,156

18,127

17,022

17,154

17,149

17,147

14,955

15,089

Dividends paid to NCI

-

-

-

-

-

-

-

-

-

0

0

0

41

0

1,068

72

2,296

0

0

0

1,340

Issuances of share capital

7,054

28,654

8,316

2,496

1,628

1,452

9,023

13,736

4,313

2,002

1,901

2,621

3,412

3,636

2,645

15,026

3,031

565

1,305

23,525

4,421

Payment of withholding taxes on issuance of shares

2,984

0

345

2,868

2,047

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from short-term debt

29,069

2,650

-2,360

6,138

6,741

12,766

6,641

0

308

121

0

5,631

1,219

15,000

21,248

1,157

30,179

-

-

-

-

Repayment of short-term debt

-

3,705

-6

7,039

17,946

3,256

0

1,618

1,754

1,686

5,585

16,199

1,009

28,875

4,485

21,873

2,283

0

5,957

416

185

Repayment of long-term debt

4,236

47,260

14,508

2,279

12,235

32,188

2,270

27,318

29,237

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of finance lease obligations

2,189

-

-

-

1,269

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of finance lease obligations

-

-

-

-

-

-

-

972

802

757

707

420

438

373

375

414

493

474

545

522

532

Other, net

-

-

-

-

-

-

-

-

-

23

-81

-1,302

-48

179

64

236

32

-3

-126

306

-105

Net cash provided by (used in) financing activities

-48,361

-43,265

-32,433

-66,824

-44,696

-41,911

-7,731

-39,048

-45,417

-22,780

-27,072

184,180

-15,065

453,753

-942

-22,958

-25,710

-14,404

-20,586

14,620

-60,319

Effect of changes in foreign currency rates on cash, cash equivalents, and restricted cash

-12,828

3,821

-452

3,178

-1,376

-1,554

898

-5,740

1,627

-120

6,960

6,974

3,336

-6,652

-1,937

-3,530

12,123

-13,053

-5,331

616

-8,497

Increase (decrease)

-64,331

-31,131

112,393

15,760

17,667

1,522

-25,235

-12,078

10,242

16,796

-53,174

-507,386

116,791

443,692

-48,275

-49,346

118,772

-6,583

-7,654

37,949

36,445