Rbc bearings incorporated (ROLL)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Apr'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09
Cash flows from operating activities:
Net income

33,752

30,515

31,270

30,499

31,437

16,178

30,111

27,467

26,677

23,832

14,823

21,809

21,585

12,770

18,228

18,040

18,924

17,047

14,519

13,404

14,929

14,051

13,248

16,020

18,203

12,764

14,125

15,116

10,575

12,109

16,494

17,164

15,526

12,167

11,592

10,712

9,867

7,386

8,554

9,061

9,665

5,249

4,404

5,067

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

5,599

5,480

5,493

5,236

5,061

4,910

5,071

4,950

4,861

4,655

4,755

4,745

4,543

4,448

4,582

4,527

4,258

4,247

4,407

3,895

2,760

3,343

3,542

3,561

3,133

3,177

3,411

3,342

3,219

3,335

3,308

3,304

3,169

3,109

3,231

3,190

2,839

2,927

2,923

2,862

2,526

2,749

2,649

2,573

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-90

1,851

48

2,971

40

827

303

1,379

-226

592

334

2,444

33

942

176

411

1,557

1,407

3,433

727

-34

290

113

388

-

-

-

-

-

-

-

-

Total

6,253

-649

-255

1,153

-4,020

-4,326

972

2,470

-381

-1,195

-1,157

2,031

4,606

2,726

486

505

-2,216

1,089

-157

948

193

633

33

185

-2,693

2,570

1,469

-982

-3,361

786

1,686

-17

1,590

-329

-430

-950

519

-130

-1,021

-514

4,929

-1,630

81

-2,298

Amortization of intangible assets

2,546

2,473

2,309

2,284

2,335

2,400

2,568

2,363

2,303

2,303

2,385

2,353

2,351

2,331

2,377

2,213

2,379

2,451

2,402

1,768

440

435

467

497

546

541

444

393

426

363

385

379

379

374

371

367

365

357

352

346

349

339

327

318

Amortization of deferred financing costs

141

158

108

99

141

225

226

329

356

356

356

356

356

356

356

356

356

356

356

265

81

81

82

81

81

81

82

81

81

81

82

81

81

81

82

81

77

100

61

59

55

52

51

51

Consolidation and restructuring charges

-

-

-

-

-

-

-

-

1,042

0

5,577

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on extinguishment of debt

-

-

-

0

1,974

0

0

-987

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

5,154

5,135

5,059

4,802

4,378

3,904

4,039

3,766

3,506

3,267

3,402

3,228

3,197

2,962

3,178

2,774

3,007

2,565

2,496

2,132

2,108

2,196

2,268

1,767

1,533

1,561

1,519

1,220

1,275

1,573

1,313

1,127

1,000

1,262

854

1,005

1,017

1,017

1,013

1,010

904

825

707

746

Other non-cash charges

-

15

86

-11

-

4

-18

-36

-

-

-

-

-

-

-49

8

-

23

25

-257

-

-15

-501

1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain)/loss on disposition of assets

-

-

-

-

-

-

-

-

240

21

-19

-1

-

-

-

-

-

-

-

-

-

-

-

-

0

39

-26

18

-6,353

28

17

7

-52

8

102

-48

10

0

0

1,066

-171

-10

0

-19

Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable

13,588

-7,980

-1,488

-815

-20,383

-47

3,301

-178

-5,233

-305

-2,713

2,317

11,248

-5,044

1,712

-622

11,425

-6,738

-4,122

54

9,912

-5,059

-348

-2,500

8,197

-4,402

2,407

-212

7,870

-7,882

20

-2,704

9,588

-4,012

2,873

3,985

6,634

-5,005

1,401

2,098

8,978

-34,996

1,288

15,160

Inventory

-46,110

7,614

5,702

7,423

-69,794

11,930

12,841

7,182

-26,525

5,231

5,313

1,491

1,764

1,573

1,870

3,850

4,144

11,835

6,215

3,266

482

6,731

3,152

3,139

-451

4,571

6,932

5,972

1,559

4,984

5,143

3,841

-3,488

7,686

5,550

4,545

3,924

1,994

1,230

-869

-1,325

4,485

-199

-2,349

Prepaid expenses and other current assets

-5,927

-3,568

4,565

1,052

-3,646

-1,901

4,927

114

-3,467

6,229

-508

-1,166

-2,423

3,301

821

1,116

-1,425

-945

898

3,048

-5,822

-585

4,526

-1,857

-3,294

5,415

975

354

-5,578

841

4,996

-85

-768

768

449

-1,514

-1,871

-7,921

710

3,804

-3,425

2,611

-2,433

3,588

Other non-current assets

-10,372

4,649

736

1,041

-8,699

-742

1,806

1,304

-6,663

937

1,980

391

130

755

1,075

452

544

1,312

-1,075

1,095

577

1,583

-124

794

1,030

995

1,293

100

322

653

1,049

-90

470

614

-9

740

158

618

57

-222

-256

2,393

-293

-689

Accounts payable

815

-656

-1,308

1,986

6,201

-3,549

4,169

-940

1,454

4,986

1,098

2,956

-2,863

1,865

2,650

-3,049

739

-2,289

-2,269

1,063

482

-456

244

-804

-2,433

477

749

-1,779

1,292

-395

-786

496

-928

1,556

1,542

-1,757

3,851

-19

635

509

2,551

2,222

-3,013

-3,891

Accrued expenses and other current liabilities

4,078

1,668

-8,533

2,773

667

-3,539

1,136

-739

1,055

-3,184

-5,853

5,697

3,357

6,066

-7,083

3,140

13,728

-251

-4,677

5,446

-4,061

1

-554

8,005

-1,785

-900

-6,287

6,651

2,890

1,419

-1,734

5,758

-2,270

130

-1,802

7,423

-1,160

1,334

-752

3,168

-3,963

-1,169

859

-2,008

Other non-current liabilities

-1,994

3,153

-232

16

3,759

-2,605

-1,369

1,640

172

5,627

2,820

-334

117

1,115

297

-1,519

-4,871

2,639

3,238

1,853

-2,620

640

490

-370

940

1,715

403

-18

345

296

-2,919

-79

228

1,814

-1,187

10

1,193

912

330

-2,320

381

83

182

482

Net cash provided by operating activities

44,426

46,577

24,482

40,136

29,534

21,148

24,030

33,835

37,793

28,534

24,153

39,809

26,667

36,062

19,301

19,212

21,560

21,540

18,071

22,189

9,385

17,677

17,807

26,921

12,010

14,426

4,158

17,381

17,038

19,536

3,171

26,517

13,059

14,810

5,175

11,985

9,581

14,723

9,740

15,912

6,180

13,594

4,610

16,769

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

9,735

7,346

8,176

12,040

12,141

11,459

10,753

6,993

7,434

7,875

7,008

5,659

6,479

4,794

4,455

5,166

6,229

4,836

4,529

5,270

5,027

4,412

7,970

3,488

6,298

8,030

8,791

5,801

11,213

19,202

5,545

6,057

6,542

3,884

5,460

1,955

3,188

2,666

2,534

2,052

2,398

1,487

1,751

4,270

Purchase of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

729

581

383

827

0

-

-

-

-

152

638

708

347

956

1,438

95

4,730

Proceeds from sale or maturities of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

250

3,633

-

-

-

-

-

-

-

-

Acquisition of businesses, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

500,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of assets

8,054

0

298

2

16

30

31

1,843

54

15

15

3

81

91

6

10

662

24

36

4

8

7

590

3

0

65

6

29

598

120

37

8

135

9

113

40

18

4

0

2,375

-

-

-

-

Net cash used in investing activities

-1,681

-7,346

-41,720

-12,038

-12,125

10,855

-10,722

-5,150

-7,380

-7,860

-6,993

-5,656

-6,398

-4,703

-5,100

-5,156

-5,567

-4,812

-4,493

-505,266

-5,019

-4,405

-5,000

-3,485

-6,298

-11,887

-22,431

-6,501

-13,331

-19,465

-6,335

-6,049

-6,407

-3,875

-5,097

1,718

864

-2,721

-2,964

-24

-3,358

-4,849

-1,846

-9,000

Cash flows from financing activities:
Proceeds from revolving credit facilities

0

0

9,435

0

0

0

0

149,250

-

-

0

0

-

-

-

-

0

0

0

225,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from term loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

200,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid to shareholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

46,014

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of revolving credit facilities

410

15,411

13,000

17,000

70,000

10,000

20,000

10,500

21,250

18,750

14,000

30,000

23,000

32,500

11,500

17,500

18,500

17,500

20,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

30,000

0

0

0

7,000

-

-

-

-

Repayments of term loans

-

-

-

0

0

0

0

168,750

3,750

3,750

3,750

2,500

2,500

2,500

2,500

2,500

2,500

0

4,876

124

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance fees paid in connection with credit facilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

7,122

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of notes payable

125

117

118

117

117

117

120

117

116

120

119

120

116

114

119

120

-

-

-

-

121

120

127

132

255

3

124

123

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

661

1,700

334

9,514

521

1,180

2,040

1,491

59

1,577

1,068

2,288

4

1,220

104

3,426

22

2,772

5,516

2,182

11

2,328

3,773

948

1,126

553

0

109

72

4,180

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Exercise of stock options

1,521

1,616

10,185

276

2,610

1,252

12,991

6,418

3,824

3,036

307

6,107

4,603

6,789

119

4,659

511

2,235

564

1,273

1,026

441

615

2,377

976

2,250

1,025

357

799

4,971

7,517

3,129

1,140

909

343

421

-

-

-

-

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-90

1,851

48

2,971

40

827

303

1,379

-226

592

334

2,444

33

942

176

411

1,557

1,407

3,433

727

-34

290

113

388

-

-

-

-

-

-

-

-

Other, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2

-3

-91

-10

-10

-25

-29

-29

284

-125

-75

-73

166

2

-38

-202

26

-103

-60

-110

151

-152

-220

-68

Net cash used in financing activities

325

-15,612

21,275

-26,355

-68,880

-10,045

-9,169

-25,190

-21,351

-21,161

-18,630

-28,801

-21,107

-27,694

-14,056

-15,916

-21,339

-17,326

-29,770

418,224

666

-1,418

-3,042

-42,283

-382

2,611

1,048

507

2,065

11,930

10,875

3,783

957

794

256

-29,393

482

592

661

-7,110

-15,196

-10,789

-5,335

-68

Effect of exchange rate changes on cash

-143

311

-352

1,086

-342

-626

570

-2,002

1,279

1,424

-1,108

1,188

289

-1,655

56

-87

151

924

-1,293

960

1,183

-2,061

-2,472

-206

-112

637

1,346

214

-3,247

770

552

-1,951

1,301

-1,473

-1,852

2,688

343

1,036

1,348

123

-394

-594

668

440

Cash and cash equivalents:
Increase/(decrease) during the year

42,927

23,930

3,685

2,829

-51,813

21,332

4,709

1,493

10,341

937

-2,578

6,540

-549

2,010

201

-1,947

-5,195

326

-17,485

-63,893

6,215

9,793

7,293

-19,053

5,218

5,787

-15,879

11,601

2,525

12,771

8,263

22,300

8,910

10,256

-1,518

-13,002

11,270

13,630

8,785

8,901

-12,768

-2,638

-1,903

8,141

Supplemental disclosures of cash flow information:
Income taxes

5,502

4,422

16,658

489

5,540

4,904

10,854

843

1,002

7,564

12,166

313

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,166

5,190

119

Interest

259

270

351

408

1,117

576

1,366

1,169

1,959

1,256

1,563

1,449

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

334

407

427