Standard motor products, inc. (SMP)
CashFlow / TTM
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

54,328

57,917

49,719

50,717

47,230

43,003

31,036

28,412

30,231

37,976

54,975

62,480

63,960

60,430

57,304

55,140

49,274

46,018

51,890

42,990

40,252

43,029

40,867

48,598

54,001

51,450

48,429

47,972

45,333

41,353

64,749

60,954

60,888

62,401

0

0

0

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

26,170

25,809

25,620

25,142

24,266

24,104

24,222

24,306

24,301

23,916

23,067

22,504

21,715

20,457

19,424

18,354

17,722

17,637

17,448

17,407

17,499

17,295

17,281

17,490

17,406

17,595

17,576

17,113

16,911

16,466

15,809

14,999

14,554

14,145

0

0

0

Amortization of deferred financing cost

226

225

244

274

303

333

343

343

343

343

344

351

348

346

372

454

545

635

697

697

698

699

700

701

778

893

1,009

1,123

1,162

1,161

0

0

0

-

-

-

-

Increase to allowance for doubtful accounts

-916

-295

591

574

1,140

330

123

-165

548

972

833

1,028

387

210

3,349

3,744

3,548

3,371

173

-99

-469

-497

-317

-216

226

641

-41

-175

-199

-728

-587

-633

-672

-484

0

0

0

Increase to inventory reserves

5,904

4,858

4,231

3,977

3,112

3,978

4,474

4,086

3,542

3,300

3,150

3,787

5,158

5,371

4,763

3,819

2,820

1,864

2,381

1,989

3,283

3,553

2,581

3,537

3,737

4,636

5,589

6,407

5,131

4,921

5,589

4,985

4,997

4,504

0

0

0

Gain on sale of property, plant and equipment

-

-

-

-

-

3,997

-553

-291

-29

15

7

7

7

7

1,048

1,048

1,048

1,048

1,048

1,048

1,048

1,048

1,048

1,048

1,048

1,048

1,048

1,048

1,048

1,048

1,048

1,048

1,048

1,048

0

0

0

Equity (income) from joint ventures

2,210

2,865

1,259

1,154

64

-768

-969

-1,588

-1,491

-602

2,264

2,755

2,217

2,029

1,169

395

1,116

976

-145

-3

-379

-822

-340

-112

-224

-285

-80

-26

-114

0

2,499

2,639

2,782

2,826

0

0

0

The amount of plan compensation cost recognized during the period.

2,464

2,519

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposal of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

Employee stock ownership plan allocation

-

-

-

-

-

-

-

-

2,258

-

2,125

2,090

2,056

2,021

2,067

2,115

2,161

2,208

2,112

2,017

1,921

1,826

2,464

3,101

3,739

4,376

4,248

4,120

3,993

3,865

3,528

3,190

2,851

2,514

0

0

0

Stock-based compensation

7,120

6,917

8,126

7,950

7,981

7,998

7,589

7,529

7,693

7,638

7,686

7,396

6,880

6,127

5,535

5,188

5,169

5,379

5,851

5,373

5,190

4,843

4,627

4,571

4,094

3,668

2,753

2,574

2,461

2,358

2,070

2,306

2,143

2,025

0

0

0

Excess tax benefits related to exercise of employee stock grants

-

-

-

-

-

-

-

-

-

-

-

-

-

849

1,225

1,261

1,340

1,254

179

1,247

1,271

1,269

1,385

1,350

1,296

1,264

0

0

0

-

-

-

-

-

-

-

-

Decrease in deferred income taxes

-4,132

-4,736

4,258

8,001

8,756

10,046

-15,803

-18,812

-18,768

-19,059

793

1,325

1,015

691

1,269

58

892

1,494

-147

4,739

4,688

4,959

5,303

942

688

527

-1,366

-2,126

-4,494

-6,098

-26,747

-23,826

-12,790

-9,311

0

0

0

Increase (decrease) in tax valuation allowance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

669

0

0

0

-

-

-

-

Loss from discontinued operations, net of income taxes

-11,240

-11,134

-18,751

-14,372

-14,131

-13,851

-5,555

-6,014

-5,629

-5,654

-5,600

-2,042

-2,163

-1,982

-2,048

-2,351

-2,163

-2,102

-1,968

-9,480

-9,579

-9,870

-9,906

-2,055

-1,883

-1,593

-1,533

-1,748

-1,708

-1,616

-1,433

-1,884

-1,922

-1,926

0

0

0

Change in assets and liabilities:
Increase in accounts receivable

-7,500

-17,929

6,854

5,797

15,584

13,699

775

-13,445

-19,858

5,100

1,387

20,169

34,870

8,826

12,094

9,159

-4,012

1,996

5,872

16,659

22,682

-1,755

755

-10,296

-921

27,278

-19,411

-6,142

-4,443

-15,393

7,830

-10,906

-26,396

-9,595

0

0

0

Increase in inventories

8,584

17,901

21,136

43,240

41,465

30,199

-7,606

-6,497

-2,053

13,901

31,479

26,384

24,878

20,155

24,686

32,502

19,651

12,503

-1,560

-11,995

1,470

6,712

4,260

-6,264

-7,917

6,094

27,983

36,741

15,269

1,556

-14,967

1,642

10,252

-2,500

0

0

0

(Increase) decrease in prepaid expenses and other current assets

6,711

8,296

2,778

-1,508

-3,085

-4,926

-1,138

6,914

5,375

4,869

6,756

1,541

-476

-3,475

-3,442

-4,929

-1,811

-367

-4,681

-5,254

-617

959

2,981

9,249

512

4,048

4,193

1,650

1,854

659

423

-251

-1,050

-748

0

0

0

Increase (decrease) in accounts payable

-15,014

-1,950

-12,406

-5,784

7,401

16,894

-2,083

-8,977

-10,176

-7,186

-2,465

5,831

9,578

7,345

3,399

2,544

8,058

1,882

7,479

151

-8,384

-4,329

9,522

9,794

7,537

12,497

-2,120

951

851

3,287

-6,655

1,063

-13

-3,105

0

0

0

Decrease in sundry payables and accrued expenses

-7,870

-18,097

-6,972

9,977

8,493

8,407

-1,915

-20,793

-16,743

-6,015

-1,298

13,272

23,723

20,990

11,179

5,308

3,159

1,874

6,101

-11,276

-8,013

-7,697

-9,900

2,895

4,193

8,673

6,439

16,512

12,239

6,837

9,536

-1,602

1,457

4,026

0

0

0

Net changes in other assets and liabilities

7,272

6,070

4,395

2,513

162

-1,246

479

17

-2,075

-1,260

-1,959

-337

-507

-2,591

-3,829

-3,117

-1,517

-1,018

8,056

6,055

7,109

8,543

5,244

8,496

8,955

7,952

6,753

6,444

3,808

4,792

-744

-297

11,104

9,822

0

0

0

Net cash used in operating activities

70,865

76,928

45,777

46,566

49,684

70,258

95,441

75,638

85,349

64,617

51,598

67,242

72,256

97,805

75,307

62,727

77,999

65,171

87,136

55,541

23,592

46,987

56,648

87,633

93,677

57,616

64,361

59,978

75,767

93,560

80,869

75,479

78,151

75,307

0

0

0

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

-

-

-

-

-

9,852

16,660

15,380

13,280

6,808

0

0

0

-

-

-

-

-

-

-

-

37,726

37,726

37,726

12,225

12,760

12,760

12,760

51,354

38,594

0

0

0

-

-

-

-

Proceeds from the sale of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Net proceeds from sale of Grapevine, Texas facility

-1

4,800

4,801

4,801

4,801

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Divestiture of joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,317

0

0

0

Capital expenditures

17,523

16,185

16,837

16,394

16,322

20,141

22,365

26,924

28,111

24,442

23,437

19,630

20,056

20,921

18,629

17,997

18,137

18,047

19,176

17,709

15,150

13,904

12,283

12,238

11,592

11,410

12,275

12,066

11,950

11,811

12,358

11,776

11,128

11,037

0

0

0

Other investing activities

-39

-62

-117

-137

-136

-107

-53

-36

-20

-22

-7

-189

-192

-192

-195

-15

-12

-36

-441

-445

-456

-430

-25

-15

-4

592

112

109

109

-493

0

0

0

-

-

-

-

Net cash provided by (used in) investing activities

-60,974

-54,812

-55,409

-51,163

-14,765

-29,886

-38,972

-42,268

-41,371

-31,228

-23,430

-19,441

-87,153

-88,018

-85,723

-85,271

-18,125

-18,011

-18,735

-17,264

-40,195

-51,200

-49,984

-49,949

-23,813

-24,762

-25,147

-24,935

-63,413

-49,912

-91,437

-89,936

-77,003

-75,890

0

0

0

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

26,282

8,771

33,212

41,471

-11,282

-13,311

-28,000

9,583

7,954

2,188

2,999

-21,049

32,590

7,384

45,498

47,078

-22,112

-9,131

-34,747

-6,154

38,545

35,152

27,063

-9,263

-42,530

-19,046

-28,073

-28,666

-3,447

-32,547

18,470

29,194

19,015

20,113

0

0

0

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

-112

-911

-215

2

-210

1,115

5,563

4,844

5,129

4,065

-45

-41

-41

89

100

-180

-113

-170

-42

257

213

182

-157

-138

-119

-120

-92

-96

-95

-105

106

119

12,410

12,410

0

0

0

Purchase of treasury stock

13,629

10,738

16,353

17,984

17,500

14,886

13,647

26,840

26,330

24,376

20,000

5,176

1,267

377

4,481

12,954

20,000

19,623

16,032

11,186

5,474

10,000

14,679

11,573

10,788

6,864

1,672

1,151

5,601

4,999

0

0

0

-

-

-

-

Increase in overdraft balances

-68

93

2

-24

-201

275

190

-32

-2,299

-534

-192

-1,238

1,681

-254

1,594

3,044

1,030

851

-217

-983

1,111

522

-6,051

-12,852

-10,364

-3,312

-51

7,945

5,518

2,387

-3,027

-3,180

-2,919

645

0

0

0

Proceeds from exercise of employee stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

109

109

108

65

96

105

106

127

151

157

184

132

349

2,693

2,725

2,827

2,563

0

0

0

Excess tax benefits related to the exercise of employee stock grants

-

-

-

-

-

-

-

-

-

-

-

-

-

849

1,225

1,261

1,340

1,254

179

1,247

1,271

1,269

1,385

1,350

1,296

1,264

1,245

405

340

343

583

490

507

501

0

0

0

Dividends paid

21,049

20,593

20,139

19,713

19,292

18,854

18,441

18,050

17,670

17,287

16,871

16,416

15,936

15,447

14,964

14,526

14,112

13,697

13,275

12,826

12,355

11,905

11,470

11,025

10,581

10,107

9,619

9,131

8,670

8,215

7,755

7,316

6,850

6,381

0

0

0

Net cash provided by financing activities

-8,576

-23,378

-3,953

3,292

-48,945

-46,121

-54,335

-30,495

-33,216

-35,944

-33,400

-43,208

17,752

-7,756

28,224

23,213

-54,515

-41,155

-63,919

-29,687

23,314

15,316

-3,730

-43,359

-74,222

-39,295

-39,392

-31,789

-11,843

-42,787

5,079

12,330

-4,295

566

0

0

0

Effect of exchange rate changes on cash

207

496

-477

151

-454

-436

-211

-691

-117

82

93

-599

-634

-1,035

-630

-978

-118

-933

-1,708

-2,103

-3,015

-2,934

-2,446

-383

-941

-1,074

-612

-221

-71

1,342

1,478

-1,725

-1,203

-1,247

0

0

0

Net increase in cash and cash equivalents

1,522

-766

-14,062

-1,154

-14,480

-6,185

1,923

2,184

10,645

-2,473

-5,139

3,994

2,221

996

17,178

-309

5,241

5,072

2,774

6,487

3,696

8,169

488

-6,058

-5,299

-7,515

-790

3,033

440

2,203

-4,011

-3,852

-4,350

-1,264

0

0

0

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

4,867

5,030

4,925

4,598

4,232

3,738

3,384

2,644

2,096

1,944

1,730

1,647

1,310

1,207

1,092

859

881

901

989

1,070

1,017

882

756

756

904

1,050

1,166

1,387

1,481

1,636

1,834

1,726

2,756

2,775

0

0

0

Income taxes

21,048

22,267

21,638

19,516

16,838

15,353

16,191

24,666

33,807

34,543

41,415

38,628

32,334

32,505

29,336

26,902

27,199

27,513

24,961

23,033

26,980

27,562

29,155

35,113

31,475

33,489

30,420

25,802

19,417

16,087

14,050

12,915

11,233

12,354

0

0

0

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

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-