Spartan motors inc (SPAR)
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 income

-6,085

-12,426

17,075

11,901

12,355

15,012

15,620

23,846

21,227

15,934

14,435

3,710

6,961

8,603

-2,279

-10,843

-14,042

-17,480

-7,790

1,221

275

1,029

-1,688

-4,317

-3,856

-5,969

-5,467

-6,356

-4,696

-2,457

0

0

0

-

-

-

0

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

11,456

11,180

10,463

10,372

10,443

10,370

10,240

10,285

10,064

9,937

9,496

9,029

8,442

7,903

7,732

7,426

7,454

7,437

7,301

7,534

7,888

8,378

8,820

9,107

9,459

9,238

9,062

8,899

8,636

8,990

9,370

9,453

10,005

10,010

0

0

0

Accruals for warranty, net of cash paid

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposal of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

13

26

26

44

24

131

119

175

191

-259

-224

-271

-255

-2

-983

-1,010

-5,621

-5,550

-4,584

-5,661

-1,139

0

0

0

Accruals for warranty

-

-

-

-

-

-

-

-

-

9,099

9,998

12,465

13,176

12,989

17,879

16,706

15,613

15,388

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Expense from changes in fair value of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

742

510

233

246

21

0

0

0

-

-

-

-

-

-

-

-

Deferred income taxes

-6,265

-18,225

-2,037

-1,376

-1,322

-755

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax expense (benefit) related to stock incentive plan transactions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-82

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Expense from changes in fair value of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Tax expense related to stock incentive plan transactions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-56

5

-141

-134

-184

-224

-242

-222

0

0

0

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

0

0

-2,583

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash stock based compensation expense

6,553

5,281

4,740

4,040

4,068

4,027

4,012

4,212

4,042

3,536

2,834

2,087

1,230

1,536

1,428

1,284

1,173

1,198

1,428

1,546

1,654

1,624

1,592

1,670

1,969

1,624

1,581

1,569

1,461

1,645

1,817

1,839

1,796

1,780

0

0

0

Loss on sale of business

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in accounts receivable and contract assets

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease (increase) in operating assets, net of effects of acquisition:
Accounts receivable

-

-

-

-

-

22,490

16,265

10,606

19,199

18,576

24,069

13,195

5,527

8,824

1,961

6,062

-10,720

8,255

9,089

14,377

14,673

802

7,133

-1,366

15,270

421

2,256

-78

-2,832

7,097

5,835

17,004

907

-13,118

0

0

0

Contract assets

-

-

-

-

-

5,467

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in inventories

4,005

14,783

4,274

16,559

34,884

24,340

14,274

9,838

-26,612

-42,920

-35,258

-33,837

-24,669

-1,662

-10,573

-10,114

-13,893

-10,605

4,831

-14,489

9,682

-10,256

-8,672

10,741

-2,297

13,828

11,578

16,162

18,948

600

5,918

-4,170

-4,051

5,478

0

0

0

Income taxes receivable

-

-

-

-

-

-

-

-

-

-1,287

-696

-645

-813

-468

696

-415

-2,330

59

-1,973

-1,975

-45

55

-1,098

-864

-1,549

-1,758

-2,685

804

1,346

1,532

2,546

-1,376

-201

-1,412

0

0

0

Other assets

-

-

-

-

-

658

590

-725

-367

-851

444

547

732

1,020

143

1,042

180

-155

828

417

781

1,370

-461

-173

44

-1,236

-1,446

-1,831

-1,764

-661

587

31

-615

-1,190

0

0

0

Increase (decrease) in operating liabilities, net of effects of acquisition:
Changes in accounts payable

-31,412

-20,404

-12,265

26,547

37,442

35,297

37,592

36,557

14,061

5,366

6,925

-588

-9,316

4,018

5,217

8,147

-4,982

4,556

9,707

-4,729

16,004

-7,763

-3,701

11,013

6,975

7,525

2,824

1,725

742

1,350

2,212

-260

-2,397

3,510

0

0

0

Cash paid for warranty repairs

-

-

-

-

-

-10,838

-11,911

-12,192

-13,079

-13,854

-12,574

-12,311

-11,102

-10,265

-10,445

-9,427

-8,973

-8,015

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued warranty

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

1,171

1,499

1,912

260

208

15

-184

-40

0

0

0

Accrued customer rebates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

1,258

555

247

-109

29

8

384

753

-199

-575

-1,294

-842

0

0

0

Changes in accrued compensation and related taxes

2,863

7,737

7,450

991

201

-2,789

-2,807

896

612

-1,530

-1,780

-2,864

-1,793

4,504

3,034

2,095

-497

458

507

1,717

2,010

1,786

1,941

1,294

1,264

-1,308

441

-666

-9

2,079

372

1,294

77

61

0

0

0

Change in other assets and liabilities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deposits from customers

-

-

-

-

-

4,444

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deposits from customers

-

-

-

-

-

-

-

-

-

-

0

0

-9,818

-

6,501

8,610

5,184

1,571

-2,167

-7,978

-7,985

-6,482

1,104

6,977

7,901

11,620

5,559

5,169

3,616

-1,515

4,217

2,629

4,256

3,919

0

0

0

Other current liabilities and accrued expenses

-

-

-

-

-

-

-

-

1,320

-

0

0

0

-

-

-

-

-707

-1,705

-1,111

-830

35

1,239

2,487

1,627

48

-3,609

-4,440

-3,568

-1,896

188

925

145

-1,036

0

0

0

Other current liabilities and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

-

-

-

-

-

-345

-345

-346

-431

1,725

0

0

2,070

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued income taxes

-

-

-

-

-

-2,503

-1,470

997

2,571

2,716

1,972

0

-122

-76

-889

62

-37

-15

909

-118

-69

-88

-511

-1,282

-1,236

-1,183

-1,120

35

-141

-130

72

-336

-384

-96

0

0

0

Total adjustments

25,601

46,607

3,131

1,476

-7,164

-6,986

-1,669

-4,407

-81

6,082

-9,442

2,842

11,731

14,725

37,518

43,803

47,542

30,336

8,493

-1,728

-6,067

5,477

18,526

25,956

18,489

19,015

5,345

-950

-1,759

8,824

9,565

9,373

22,721

29,364

0

0

0

Net cash used in operating activities

19,516

34,181

20,206

13,377

5,191

8,026

13,951

19,439

21,146

22,016

4,993

6,552

18,692

23,328

35,239

32,960

33,500

12,856

703

-507

-5,792

6,506

16,838

21,639

14,633

13,046

-122

-7,306

-6,455

6,367

10,267

13,600

22,377

30,137

0

0

0

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

10,541

10,042

9,105

8,623

8,882

8,985

8,973

6,985

6,022

5,340

7,873

10,054

13,022

13,410

10,591

8,214

5,255

4,895

4,497

4,070

3,990

3,463

3,050

2,909

2,961

3,526

5,866

9,647

12,774

12,468

11,271

8,094

4,930

5,255

0

0

0

Proceeds from sale of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

25

28

28

199

208

294

611

676

648

560

265

154

180

189

165

101

75

0

0

0

-

-

-

-

Proceeds from sale of business

0

-

-

-

-

-

-

-

-

28,903

0

0

28,903

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,746

0

0

0

Net cash provided by (used in) investing activities

-44,464

-98,965

-103,940

-13,819

-14,082

-14,185

-8,960

-6,960

-6,009

-34,230

-36,776

-38,967

-41,920

-13,385

-10,563

-8,186

-5,056

-4,687

-4,203

-3,459

-3,314

-2,815

-2,490

-2,644

-307

-846

-3,177

-6,982

-12,673

-12,393

-10,460

-7,275

-4,148

-9,159

0

0

0

Cash flows from financing activities:
Proceeds from long-term debt

0

-

-

-

-

-

-

-

-

32,919

32,800

32,800

32,800

10

10

10

10

0

0

0

0

-

-

-

-

138

0

0

0

-

-

-

-

17

0

0

0

Payments on long-term debt

60,156

30,175

10,118

5,132

67

66

5,071

5,073

15,072

15,070

15,065

15,064

5,064

5,058

73

73

70

75

59

58

68

80

91

104

106

86

95

81

66

73

0

0

0

-

-

-

-

Cash related to tax impact of stock incentive plan transactions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of contingent consideration on acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

162

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase and retirement of common stock

-

793

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) the exercise and vesting of stock incentive awards

211

-766

-814

-894

-1,099

-2,670

-2,698

-2,888

-2,681

-645

-609

-370

-474

-111

-76

-109

-93

-375

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash related to tax impact of stock incentive plan transactions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) the exercise, vesting or cancellation of stock incentive awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

515

483

341

220

-7

9

-100

-153

0

0

0

Cash paid related to tax impact of stock incentive plan transactions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-56

5

-141

-134

-184

-224

-242

-222

0

0

0

Payment of contingent consideration on acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payment of dividends

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,348

0

0

0

Net cash used in financing activities

44,483

56,694

83,085

-3,325

852

75

-11,179

-12,055

-21,142

13,696

13,652

13,891

21,855

-10,603

-5,577

-5,607

-3,617

-4,038

-4,092

-5,114

-6,134

-5,828

-5,833

-4,936

-3,745

-3,241

-3,427

-3,384

-3,696

-3,903

-3,622

-3,662

-3,781

-3,808

0

0

0

Net increase (decrease) in cash and cash equivalents

19,535

-8,090

-648

-3,767

-8,039

-6,084

-6,188

424

-6,005

1,482

-18,131

-18,524

-1,373

-660

19,099

19,167

24,827

4,131

-7,592

-9,080

-15,240

-2,137

8,515

14,059

10,581

8,959

-6,726

-17,672

-22,824

-9,929

-3,815

2,663

14,448

17,170

0

0

0