Sparton corp. (SPA)
CashFlow / TTM
Dec'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'11Dec'10Sep'10
Cash Flows from Operating Activities:
Net income (loss)

3,943

-6,058

-8,254

-6,289

-7,952

-775

1,317

-42,451

-41,744

-40,569

-38,283

8,896

11,893

13,187

10,989

8,862

8,975

10,897

12,987

15,652

12,942

14,299

13,470

12,225

12,694

9,795

9,847

4,729

5,247

4,740

7,461

0

0

0

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation

5,639

5,729

5,855

5,848

5,895

5,930

5,894

6,069

6,065

6,391

6,083

5,773

5,431

4,719

4,645

4,568

4,608

4,695

4,700

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of intangible assets

6,832

7,084

7,337

7,607

7,904

8,202

8,498

8,778

9,040

9,308

9,592

9,597

8,728

7,754

6,591

5,321

4,920

4,164

3,422

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

1,807

1,755

1,693

1,611

0

0

0

Deferred income taxes

105

7,236

7,247

10,731

10,720

630

630

-18,612

-18,566

-18,418

-18,562

248

-895

-962

-873

-2,560

-1,157

-890

-976

-458

-680

-620

-159

1,696

2,740

3,386

3,894

-8,576

-9,590

-10,543

-11,276

0

0

0

Pension (income) expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-34

101

275

372

0

0

0

Stock-based compensation expense

-459

-509

-285

867

407

1,365

1,463

1,146

697

166

289

135

1,536

1,868

1,885

2,093

1,963

1,814

1,662

1,553

1,448

1,161

1,128

1,067

1,008

1,031

943

882

806

699

646

0

0

0

Amortization of deferred financing costs

1,474

1,485

1,323

935

846

586

498

461

407

352

298

818

798

778

1,169

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of property, plant and equipment, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

139

0

0

0

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

162

209

231

231

1,044

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Amortization of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-203

-103

-109

-117

-112

-63

-121

-192

-248

-347

-348

-348

-348

0

0

0

Gain on acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,550

0

0

0

Changes in operating assets and liabilities:
Accounts receivable

590

-146

15,106

17,638

7,070

5,727

-1,412

-13,004

-8,829

-11,335

-23,829

4,764

5,522

8,875

7,040

-4,676

-9,634

-15,053

-4,886

3,533

-85

13,449

12,318

-992

9,513

-3,427

5,722

10,106

4,573

6,959

4,595

0

0

0

Income taxes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Inventories and cost of contracts in progress

11,071

11,447

12,158

5,190

5,553

2,212

-17,622

-14,994

-16,847

-13,767

3,419

645

3,232

8,433

-501

6,375

-510

-4,631

-1,484

-5,411

-2,795

-575

1,491

-745

-1,598

-3,349

-3,650

-1,179

1,810

3,528

-77

0

0

0

Prepaid expenses and other assets

845

-919

3,874

-2,105

-2,432

-2,284

-2,690

-2,759

-2,557

-1,491

609

2,426

2,724

3,705

2,319

162

-3

214

-463

-853

-1,548

-603

-452

531

1,697

-123

90

415

454

-36

-131

0

0

0

Advance billings on customer contracts

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Performance based payments on customer contracts

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Performance based payments on customer contracts

-

-

-

-

-

-

1,749

0

-1,740

280

-1,756

-1,217

459

-10,094

-1,440

-6,227

-17,703

-3,272

-17,706

-2,500

636

-8,416

-4,165

-9,438

-172

-3,190

12,285

342

-3,887

971

-8,574

0

0

0

Accounts payable and accrued expenses

12,510

19,670

8,476

-593

9,197

-4,169

-9,498

-8,312

2,739

-225

7,798

-3,888

-8,475

-8,452

-11,326

-4,749

-7,304

-4,682

-2,727

187

-874

83

789

3,608

859

1,692

551

-1,252

-209

-3,623

2,273

0

0

0

Net cash provided by (used in) operating activities

19,478

31,349

-4,109

-2,388

15,923

5,027

31,468

42,330

49,694

46,911

48,132

13,388

8,857

-9,647

4,537

9,697

8,764

36,363

12,451

24,452

24,339

251

2,934

14,174

10,269

21,097

26,917

5,447

4,157

667

2,456

0

0

0

Cash Flows from Investing Activities:
Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,162

0

0

0

Purchases of property, plant and equipment

3,090

4,432

4,236

5,846

7,425

6,232

6,896

5,700

5,405

5,737

6,098

7,126

7,237

6,269

5,802

5,151

3,917

4,040

3,501

3,154

3,682

3,288

3,872

3,832

3,929

4,571

4,244

4,286

3,732

3,432

3,177

0

0

0

Proceeds from sale of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

69

69

343

312

275

0

0

0

-

-

-

-

4,039

0

0

0

Acquisition of businesses, net of cash required

-

-

-

-

-

-

-

-

-

-

-

-

-

-

97,319

42,289

27,110

38,820

35,560

0

0

0

-

-

-

0

-

-

-

-

-

-

0

0

Net cash used in investing activity

-3,081

-4,409

-4,213

-5,818

-7,389

-6,210

-6,874

-5,398

-4,899

-4,481

-4,842

-61,185

-82,061

-86,314

-104,107

-48,426

-32,012

-42,828

-38,992

-40,210

-37,287

-65,514

-51,135

-49,530

-47,439

-2,546

-2,219

-2,051

-2,101

-993

-8,535

0

0

0

Cash Flows from Financing Activities:
Borrowings under credit facility

169,200

167,000

190,600

195,819

175,238

173,378

130,082

132,063

141,394

138,454

128,050

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments under credit facility

184,000

191,600

180,600

186,641

182,044

171,553

152,788

167,841

189,488

181,479

185,344

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of stock

-

-

-

-

-

-

-

-

-

-

140

141

520

5,141

6,830

6,830

6,451

1,830

1,559

3,685

3,685

3,685

2,360

234

1,755

3,221

2,997

0

0

0

-

-

-

-

Payments under capital lease agreements

267

268

268

273

274

274

267

251

237

169

108

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

92,000

80,000

64,500

39,000

0

0

0

-

-

-

-

-

-

-

-

Repayments of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

47,743

55,141

36,140

29,140

9,539

139

137

135

133

131

131

130

0

0

0

Payment of debt financing costs

1,049

1,221

1,238

939

939

767

765

707

707

707

692

366

366

441

1,423

1,057

1,057

982

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

162

209

231

231

1,044

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

165

188

35

156

144

133

157

95

180

0

0

0

-

-

-

-

-

-

-

-

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-16,116

-26,089

8,494

7,966

-8,019

784

-23,738

-36,734

-49,036

-43,899

-58,072

43,050

74,798

91,602

106,456

36,808

25,475

10,292

28,484

18,902

7,891

24,886

7,336

13,032

12,626

-2,439

-2,298

-2,833

-1,387

29

40

0

0

0

Net increase in cash and cash equivalents

281

851

172

-240

515

-399

856

198

-4,241

-1,469

-14,782

-4,747

1,594

-4,359

6,886

-1,921

2,227

3,827

1,943

3,144

-5,057

-40,377

-40,865

-22,324

-24,544

16,112

22,400

563

669

-297

-6,039

0

0

0

Supplemental disclosure of cash flow information:
Cash paid for interest

6,017

5,494

4,939

4,551

3,736

3,706

3,828

3,686

3,970

3,915

3,506

3,147

2,684

2,119

1,747

1,118

882

769

631

512

477

482

415

454

432

348

350

355

359

376

365

0

0

0

Cash paid for income taxes

1,572

-95

392

1,237

1,364

1,624

1,115

553

354

764

766

4,573

5,561

5,663

7,190

5,714

6,497

8,256

7,065

5,922

3,885

2,814

2,525

2,100

2,383

1,289

1,244

468

472

29

-94

0

0

0

Machinery and equipment financed under capital leases

-

-

-

-

-

-

148

148

804

804

656

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments to acquired companies' opening balance sheets

-

-

-

-

-

-

-

-

-

-

3,412

2,525

2,467

1,473

603

0

0

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

Accounts payable recognized in relation to acquisition purchase consideration adjustments and holdbacks

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-