Standard motor products, inc. (SMP)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings

8,627

11,518

14,751

19,432

12,216

3,320

15,749

15,945

7,989

-8,647

13,125

17,764

15,734

8,352

20,630

19,244

12,204

5,226

18,466

13,378

8,948

11,098

9,566

10,640

11,725

8,936

17,297

16,043

9,174

5,915

16,840

13,404

5,194

29,311

13,045

13,338

6,707

Adjustments to reconcile net earnings to net cash used in operating activities:
Depreciation and amortization

6,539

6,548

6,517

6,566

6,178

6,359

6,039

5,690

6,016

6,477

6,123

5,685

5,631

5,628

5,560

4,896

4,373

4,595

4,490

4,264

4,288

4,406

4,449

4,356

4,084

4,392

4,658

4,272

4,273

4,373

4,195

4,070

3,828

3,716

3,385

3,625

3,419

Amortization of deferred financing cost

57

56

56

57

56

75

86

86

86

85

86

86

86

86

93

83

84

112

175

174

174

174

175

175

175

175

176

252

290

291

290

291

289

-

-

-

-

Increase to allowance for doubtful accounts

299

-596

-36

-583

920

290

-53

-17

110

83

-341

696

534

-56

-146

55

357

3,083

249

-141

180

-115

-23

-511

152

65

78

-69

567

-617

-56

-93

38

-476

-102

-132

226

Increase to inventory reserves

1,403

1,852

1,454

1,195

357

1,225

1,200

330

1,223

1,721

812

-214

981

1,571

1,449

1,157

1,194

963

505

158

238

1,480

113

1,452

508

508

1,069

1,652

1,407

1,461

1,887

376

1,197

2,129

1,283

388

704

Gain on sale of property, plant and equipment

-

-

-

-

-

3,779

0

0

218

-771

262

262

262

-779

262

262

262

262

262

262

262

262

262

262

262

262

262

262

262

262

262

262

262

262

262

262

262

Equity (income) from joint ventures

6

235

583

1,386

661

-1,371

478

296

-171

-1,572

-141

393

718

1,294

350

-145

530

434

-424

576

390

-687

-282

200

-53

-205

-54

88

-114

0

0

0

0

2,499

140

143

44

The amount of plan compensation cost recognized during the period.

575

630

629

630

630

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposal of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

6

-

24

0

7

Employee stock ownership plan allocation

-

-

-

-

-

-

-

-

639

-

539

540

540

506

504

506

505

552

552

552

552

456

457

456

457

1,094

1,094

1,094

1,094

966

966

967

966

629

628

628

629

Stock-based compensation

2,103

1,175

1,894

1,948

1,900

2,384

1,718

1,979

1,917

1,975

1,658

2,143

1,862

2,023

1,368

1,627

1,109

1,431

1,021

1,608

1,319

1,903

543

1,425

972

1,687

487

948

546

772

308

835

443

484

544

672

325

Excess tax benefits related to exercise of employee stock grants

-

-

-

-

-

-

-

-

-

-

-

-

-

709

3

13

124

1,085

39

92

38

10

1,107

116

36

126

1,072

62

4

-

-

-

-

-

-

-

-

Decrease in deferred income taxes

-609

-1,504

-685

-1,334

-1,213

7,490

3,058

-579

77

-18,359

49

-535

-214

1,493

581

-845

-538

2,071

-630

-11

64

430

4,256

-62

335

774

-105

-316

174

-1,119

-865

-2,684

-1,430

-21,768

2,056

8,352

2,049

Increase (decrease) in tax valuation allowance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

306

69

179

115

-

-

-

-

Loss from discontinued operations, net of income taxes

-994

-1,220

-7,903

-1,123

-888

-8,837

-3,524

-882

-608

-541

-3,983

-497

-633

-487

-425

-618

-452

-553

-728

-430

-391

-419

-8,240

-529

-682

-455

-389

-357

-392

-395

-604

-317

-300

-212

-1,055

-355

-304

Change in assets and liabilities:
Increase in accounts receivable

32,681

-34,512

-10,039

4,370

22,252

-9,729

-11,096

14,157

20,367

-22,653

-25,316

7,744

45,325

-26,366

-6,534

22,445

19,281

-23,098

-9,469

9,274

25,289

-19,222

1,318

15,297

852

-16,712

-9,733

24,672

29,051

-63,401

3,536

26,371

18,101

-40,178

-15,200

10,881

34,902

Increase in inventories

5,339

29,725

-31,515

5,035

14,656

32,960

-9,411

3,260

3,390

-4,845

-8,302

7,704

19,344

12,733

-13,397

6,198

14,621

17,264

-5,581

-6,653

7,473

3,201

-16,016

6,812

12,715

749

-26,540

5,159

26,726

22,638

-17,782

-16,313

13,013

6,115

-1,173

-7,703

261

(Increase) decrease in prepaid expenses and other current assets

-1,303

1,794

96

6,124

282

-3,724

-4,190

4,547

-1,559

64

3,862

3,008

-2,065

1,951

-1,353

991

-5,064

1,984

-2,840

4,109

-3,620

-2,330

-3,413

8,746

-2,044

-308

2,855

9

1,492

-163

312

213

297

-399

-362

-586

599

Increase (decrease) in accounts payable

-11,883

22,157

-17,113

-8,175

1,181

11,701

-10,491

5,010

10,674

-7,276

-17,385

3,811

13,664

-2,555

-9,089

7,558

11,431

-6,501

-9,944

13,072

5,255

-904

-17,272

4,537

9,310

12,947

-17,000

2,280

14,270

-1,670

-13,929

2,180

16,706

-11,612

-6,211

1,104

13,614

Decrease in sundry payables and accrued expenses

-2,684

-15,546

4,994

5,366

-12,911

-4,421

21,943

3,882

-12,997

-14,743

3,065

7,932

-2,269

-10,026

17,635

18,383

-5,002

-19,837

11,764

16,234

-6,287

-15,610

-5,613

19,497

-5,971

-17,813

7,182

20,795

-1,491

-20,047

17,255

16,522

-6,893

-17,348

6,117

19,581

-4,324

Net changes in other assets and liabilities

2,705

-190

-1

4,758

1,503

-1,865

-1,883

2,407

95

-140

-2,345

315

910

-839

-723

145

-1,174

-2,077

-11

1,745

-675

6,997

-2,012

2,799

759

3,698

1,240

3,258

-244

2,499

931

622

740

-3,037

1,378

12,023

-542

Net cash used in operating activities

-32,789

33,824

62,610

7,220

-26,726

2,673

63,399

10,338

-6,152

27,856

43,596

20,049

-26,884

14,837

59,240

25,063

-1,335

-7,661

46,660

40,335

-14,163

14,304

15,065

8,386

9,232

23,965

46,050

14,430

-26,829

30,710

41,667

30,219

-9,036

18,019

36,277

32,891

-11,880

CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisitions of and investments in businesses

-

-

-

-

-

0

1,280

2,100

6,472

6,808

0

0

0

-

-

-

-

-

-

-

-

0

0

25,501

12,225

0

0

0

12,760

0

0

38,594

0

-

-

-

-

Proceeds from the sale of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7

0

28

Net proceeds from sale of Grapevine, Texas facility

0

-1

0

0

4,801

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Divestiture of joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,044

273

0

1,000

Capital expenditures

4,422

3,856

4,751

4,494

3,084

4,508

4,308

4,422

6,903

6,732

8,867

5,609

3,234

5,727

5,060

6,035

4,099

3,435

4,428

6,175

4,009

4,564

2,961

3,616

2,763

2,943

2,916

2,970

2,581

3,808

2,707

2,854

2,442

4,355

2,125

2,206

2,351

Other investing activities

-6

-15

-1

-17

-29

-70

-21

-16

0

-16

-4

0

-2

-1

-186

-3

-2

-4

-6

0

-26

-409

-10

-11

0

-4

0

0

596

-484

-3

0

-6

-

-

-

-

Net cash provided by (used in) investing activities

-4,416

-3,841

-9,813

-42,904

1,746

-4,438

-5,567

-6,506

-13,375

-13,524

-8,863

-5,609

-3,232

-5,726

-4,874

-73,321

-4,097

-3,431

-4,422

-6,175

-3,983

-4,155

-2,951

-29,106

-14,988

-2,939

-2,916

-2,970

-15,937

-3,324

-2,704

-41,448

-2,436

-44,849

-1,203

-28,515

-1,323

CASH FLOWS FROM FINANCING ACTIVITIES:
Net borrowings under line-of-credit agreements

52,540

-25,752

-51,788

51,282

35,029

-1,311

-43,529

-1,471

33,000

-16,000

-5,946

-3,100

27,234

-15,189

-29,994

50,539

2,028

22,925

-28,414

-18,651

15,009

-2,691

179

26,048

11,616

-10,780

-36,147

-7,219

35,100

-19,807

-36,740

18,000

6,000

31,210

-26,016

7,821

7,098

Net borrowings (payments) of other debt and capital lease obligations

528

-1,044

488

-84

-271

-348

705

-296

1,054

4,100

-14

-11

-10

-10

-10

-11

120

1

-290

56

63

129

9

12

32

-210

28

31

31

-182

24

32

21

29

37

12,323

21

Purchase of treasury stock

8,726

0

0

4,903

5,835

5,615

1,631

4,419

3,221

4,376

14,824

3,909

1,267

0

0

0

377

4,104

8,473

7,046

0

513

3,627

1,334

4,526

5,192

521

549

602

0

0

4,999

0

-

-

-

-

Increase in overdraft balances

1,248

-1,016

-582

282

1,409

-1,107

-608

105

1,885

-1,192

-830

-2,162

3,650

-850

-1,876

757

1,715

998

-426

-1,257

1,536

-70

-1,192

837

947

-6,643

-7,993

3,325

7,999

-3,382

3

898

4,868

-8,796

-150

1,159

8,432

Proceeds from exercise of employee stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

74

35

0

-1

31

66

9

0

52

90

15

27

0

307

2,359

59

102

43

Excess tax benefits related to the exercise of employee stock grants

-

-

-

-

-

-

-

-

-

-

-

-

-

709

3

13

124

1,085

39

92

38

10

1,107

116

36

126

1,072

62

4

107

232

-3

7

347

139

14

1

Dividends paid

5,615

5,164

5,133

5,137

5,159

4,710

4,707

4,716

4,721

4,297

4,316

4,336

4,338

3,881

3,861

3,856

3,849

3,398

3,423

3,442

3,434

2,976

2,974

2,971

2,984

2,541

2,529

2,527

2,510

2,053

2,041

2,066

2,055

1,593

1,602

1,600

1,586

Net cash provided by financing activities

39,975

-32,976

-57,015

41,440

25,173

-13,551

-49,770

-10,797

27,997

-21,765

-25,930

-13,518

25,269

-19,221

-35,738

47,442

-239

16,759

-40,749

-30,286

13,121

-6,005

-6,517

22,715

5,123

-25,051

-46,146

-8,148

40,050

-25,148

-38,543

11,798

9,106

22,718

-31,292

-4,827

13,967

Effect of exchange rate changes on cash

126

106

58

-83

415

-867

686

-688

433

-642

206

-114

632

-631

-486

-149

231

-226

-834

711

-584

-1,001

-1,229

-201

-503

-513

834

-759

-636

-51

1,225

-609

777

85

-1,978

-87

733

Net increase in cash and cash equivalents

2,896

-2,887

-4,160

5,673

608

-16,183

8,748

-7,653

8,903

-8,075

9,009

808

-4,215

-10,741

18,142

-965

-5,440

5,441

655

4,585

-5,609

3,143

4,368

1,794

-1,136

-4,538

-2,178

2,553

-3,352

2,187

1,645

-40

-1,589

-4,027

1,804

-538

1,497

Supplemental disclosure of cash flow information:
Cash paid during the year for [Abstract]
Interest

811

947

1,567

1,542

974

842

1,240

1,176

480

488

500

628

328

274

417

291

225

159

184

313

245

247

265

260

110

121

265

408

256

237

486

502

411

435

378

1,532

430

Income taxes

937

4,153

4,329

11,629

2,156

3,524

2,207

8,951

671

4,362

10,682

18,092

1,407

11,234

7,895

11,798

1,578

8,065

5,461

12,095

1,892

5,513

3,533

16,042

2,474

7,106

9,491

12,404

4,488

4,037

4,873

6,019

1,158

2,000

3,738

4,337

2,279

Noncash investing activity:
Accrual for final contribution of acquired investment in noncash investing and financing activities.

-

-

-

-

-

-

-

-2,100

3,473

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-