SMART GLOBAL HOLDINGS, INC. SGH Cash Flow

Smart global holdings, inc. (SGH)

CashFlow / TTM

Feb'20	Nov'19	Aug'19	May'19	Mar'19	Nov'18	Aug'18	May'18	Feb'18	Nov'17	Aug'17	May'17	Feb'17	Nov'16	May'16
Cash flows from operating activities:
Net income (loss)
-1,926	20,580	51,332	75,425	105,426	129,434	119,463	79,536	55,548	16,417	-7,795	1,069	0	0	0
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization
34,850	32,342	29,206	27,678	26,889	26,320	26,182	26,495	28,313	30,946	33,238	33,108	0	0	0
Share-based compensation
20,599	20,100	18,199	16,595	15,459	13,008	10,558	8,430	6,522	5,919	5,364	4,480	0	0	0
Provision for doubtful accounts receivable
-47	87	-90	-97	-223	-218	-86	-95	190	169	-51	34	0	0	0
Deferred income tax benefit
-832	-2,092	-719	-1,014	-2,113	-2,197	-2,820	-2,570	-2,232	-2,304	-2,389	-2,493	0	0	0
Gain on disposal of property and equipment
-18	-32	-77	0	0	0	-	-	-	-	-	-	-	-	0
Amortization of debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	0	-	-	0
Amortization of debt discounts and issuance costs
3,205	2,852	2,803	2,892	2,900	2,928	2,972	6,333	5,738	7,938	8,231	4,478	0	0	0
Amortization of operating lease right-of-use assets
0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt discount
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-
Changes in operating assets and liabilities:
Accounts receivable
-114,522	-110,993	-35,240	-39,067	98,162	88,937	55,297	93,616	84,708	117,837	40,426	24,740	0	0	0
Inventories
-8,874	-29,301	-102,083	-68,276	-26,781	8,113	42,435	18,607	17,056	34,597	21,851	33,230	0	0	0
Prepaid expenses and other assets
-648	-6,686	1,606	3,454	6,185	13,676	8,736	4,294	-157	-1,076	58	-1,275	0	0	0
Accounts payable
-39,470	-52,705	-64,569	-111,216	11,758	18,630	17,548	61,472	42,465	93,284	-10,608	-12,928	0	0	0
Operating lease liabilities
0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses and other liabilities
-5,456	-5,936	401	-302	13,133	13,879	2,617	-64	6,327	5,658	11,736	11,600	0	0	0
Net cash provided by operating activities
143,852	159,572	169,657	111,332	93,359	89,002	67,907	83,300	63,669	30,345	-933	-12,654	0	0	0
Capital expenditures and deposits on equipment
23,185	25,207	33,433	37,599	34,897	33,083	25,738	25,750	21,740	21,642	18,678	15,432	0	0	0
Proceeds from sale of property and equipment
124	102	81	0	0	0	-	-	-	-	-	0	-	-	-
Net cash used in investing activities
-99,001	-101,193	-109,440	-79,788	-77,069	-75,073	-67,749	-25,465	-21,065	-20,991	-18,027	-14,965	0	0	0
Cash flows from financing activities:
Long-term debt payments
10,616	11,531	6,753	10,940	15,329	19,742	24,269	20,411	20,272	20,551	19,698	21,852	0	0	0
Payment of costs related to IPO
-	-	-	-	-	-	1,591	1,791	0	0	-	0	-	-	-
Fees paid for revolving line of credit financing
-	-	-	-	-	-	-	0	0	0	-	-	-	-	-
Proceeds from borrowings under revolving line of credit
105,000	163,000	254,500	387,395	388,895	427,895	429,395	397,000	451,000	453,000	457,750	391,750	0	0	0
Repayments of borrowings under revolving line of credit
105,000	163,000	254,500	419,684	421,184	460,184	461,684	397,000	451,000	453,000	457,750	391,750	0	0	0
Proceeds from issuance of ordinary shares from share option exercises
3,404	3,834	5,070	5,096	6,792	9,359	7,496	6,518	0	0	-	0	-	-	0
Tax payments due upon issuance of ordinary shares for release of RSUs
0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of ordinary shares from ESPP
2,577	2,577	2,303	0	0	0	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
11,089	-5,660	100	23,305	19,288	16,890	7,944	-13,087	-14,793	-18,877	-16,975	-22,601	0	0	0
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-9,254	-4,284	588	435	824	1,918	-331	-3,066	828	-738	-28	3,290	0	0	0
Net increase in cash, cash equivalents and restricted cash
46,686	48,435	60,905	55,284	36,402	32,737	7,771	41,682	28,639	-10,261	-35,963	-46,930	0	0	0
Supplemental disclosures of cash flow information:
Cash paid during the period:
Cash paid for interest
20,444	20,402	20,648	19,131	17,768	16,710	15,291	15,291	17,348	19,640	21,458	22,770	0	0	0
Cash paid for income taxes, net of refunds
11,113	10,351	15,306	18,564	19,736	24,062	21,832	19,887	16,159	11,030	8,095	6,993	0	0	0
Noncash activities information:
Capital expenditures included in accounts payable at period end
1,347	1,625	1,437	274	1,278	-39	724	2,398	149	1,488	153	2,027	0	0	0
IPO costs included in accounts payable and accrued liabilities at period end
-	-	-	-	-	-	-	-	-	0	-	0	-	-	-
Unpaid debt fees related to term loan and revolver
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-
Proceeds receivable from the exercise of stock options
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-