Rocky brands, inc. (RCKY)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (Loss)

17,462

14,553

9,586

-2,139

6,603

9,845

7,372

8,854

8,306

7,683

1,174

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

5,037

5,375

6,507

7,720

7,188

6,941

6,264

5,897

5,659

5,638

6,337

Deferred income taxes

328

617

-3,640

-602

332

989

750

62

584

339

322

Deferred compensation and pension

-

-

-

-

-

-

-

-

416

1,503

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-147

-178

Loss on disposal of fixed assets

-108

-109

-120

-47

-19

138

52

-50

53

72

40

Loss on disposition of Creative Recreation

-

-

-2,090

-

-

-

-

-

-

-

-

Reorganizational charge

-

-

-

486

-

-

-

-

-

-

-

Impairment charge

-

-

-

3,000

-

-

-

-

-

-

-

Gain on acquisition

-

-

-

-

-

-

-601

-

-

-

-

Stock compensation expense

662

588

356

359

412

307

458

122

122

129

158

Change in assets and liabilities:
Receivables

4,547

-2,165

6,075

-3,273

-11,150

-6,888

-3,182

824

2,549

-1,196

14,219

Inventories

3,909

7,199

-4,047

-7,822

-8,245

-7,065

-9,813

-2,177

-6,166

-3,432

14,881

Income tax receivable

-

-

606

1,114

128

242

-242

-

-1,164

-

-75

Other current assets

4,302

-310

-155

-176

-22

-24

-319

1,598

-768

-484

296

Other assets

145

-50

-35

-26

-40

109

68

146

712

744

1,075

Accounts payable

456

61

1,360

2,346

-6,004

4,004

-4,779

3,769

-2,922

1,834

-3,127

Accrued and other liabilities

6,938

1,803

885

-104

-4,640

4,380

1,518

-1,055

-853

1,370

789

Income taxes payable

-

-

2,287

-

-

-

-

-

-

-

-

Net cash provided by operating activities

18,088

17,570

17,107

21,298

23,242

12,980

-2,453

17,993

6,529

14,055

35,917

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of fixed assets

7,719

4,238

4,308

5,906

8,654

7,442

7,717

6,145

7,559

4,743

4,918

Proceeds from sales of fixed assets

19

19

330

44

17

63

47

118

62

28

41

Proceeds from the sale of Creative Recreation

-

-

2,399

-

-

-

-

-

-

-

-

Acquisition of business assets

-

-

-

-

-

-

2,229

-

-

-

-

Investment in trademarks and patents

-

-

-

-

1

9

68

55

46

25

79

Net cash used in investing activities

-7,700

-4,219

-1,579

-5,861

-8,638

-7,388

-9,966

-6,082

-7,543

-4,740

-4,956

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from revolving credit facility

-

7,771

61,779

71,255

68,423

75,190

78,622

63,140

76,376

231,819

214,198

Repayments on revolving credit facility

-

9,971

74,164

80,371

80,993

77,308

63,696

74,679

74,474

211,803

245,865

Debt financing costs

-

-

-

-

-

54

58

-

-

577

1,515

Repayments of revolving credit facility

-

-

-

-

-

-

-

-

1,997

40,511

480

Issuance of common stock, net of issuance costs

-

-

-

-

-

-

-

-

-

14,105

-

Proceeds from stock options

444

135

14

-

8

-

-

-

371

190

164

Repurchase of common stock

1,500

1,310

688

1,950

-

-

-

-

-

-

-

Dividends paid on common stock

3,987

3,484

3,269

3,297

3,252

-

-

-

-

-

-

Dividends paid on common stock

-

-

-

-

-

-3,017

-2,254

-

-

-

-

Dividends paid on common stock

-

-

-

-

-

-

-

-

26

27

-

Tax benefit related to stock options

-

-

-

-

-

-

-

-

-

-

25

Net cash used in financing activities

-5,043

-6,859

-16,328

-14,363

-15,813

-5,190

12,613

-11,538

301

-6,749

-33,474

(DECREASE) INCREASE IN CASH AND CASH

5,345

6,492

-800

1,073

-1,209

401

193

372

-712

2,565

-2,514