Stoneridge inc (SRI)
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
OPERATING ACTIVITIES:
Net income

54,124

60,291

68,138

74,769

50,125

53,848

60,700

55,457

49,256

45,049

74,630

76,562

78,638

75,574

32,036

29,353

24,741

20,567

-17,382

-23,650

-59,146

-60,591

-27,272

-22,789

12,715

16,508

18,898

13,974

2,285

3,748

36,403

40,071

48,609

45,537

0

0

0

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

25,857

24,904

23,940

23,070

22,422

22,786

22,641

22,487

22,488

21,490

21,203

20,930

20,519

19,998

18,838

18,572

18,378

18,964

20,109

21,048

22,758

24,372

26,389

27,723

28,314

28,989

28,593

28,770

28,885

28,519

25,790

23,260

20,980

18,847

0

0

0

Amortization, including accretion and write-off of deferred financing costs

6,395

6,579

6,654

6,692

6,537

6,731

6,883

7,067

7,099

6,764

5,931

5,090

4,265

3,615

3,510

3,457

3,570

3,833

4,225

4,852

5,360

5,709

5,958

5,770

5,907

6,236

6,134

6,523

6,633

6,802

5,709

4,267

2,774

1,113

0

0

0

Deferred income taxes

8,641

5,586

4,527

4,591

-184

2,552

-9,793

-9,644

-8,284

-5,959

-33,228

-33,845

-36,985

-38,747

-1,653

-262

-2,146

-2,165

-2,033

-5,165

-3,358

-3,238

-1,212

-673

-1,748

-3,081

-4,694

-4,260

-3,683

-2,733

21,897

23,306

24,474

23,938

0

0

0

Earnings of equity method investee

1,671

1,578

1,833

1,764

1,881

2,038

1,871

2,087

1,977

1,636

1,830

1,672

1,270

1,233

719

572

562

608

720

765

766

815

667

561

513

476

713

821

822

760

5,400

6,546

8,257

10,034

0

0

0

Loss (gain) on sale of fixed assets

-34

98

0

0

0

-

-

-

-

-

-

-

-

-48

390

173

-21

-74

-150

-151

-70

-110

0

0

0

-

-

-

282

268

336

156

98

88

0

0

0

Share-based compensation expense

6,015

6,191

6,117

6,388

5,776

5,632

5,766

6,038

6,330

7,265

7,260

7,311

7,513

6,134

6,065

5,630

4,859

7,224

7,353

7,588

7,568

5,406

4,631

4,551

4,750

4,974

5,449

5,152

4,927

4,890

5,056

4,637

4,780

4,423

0

0

0

Loss on disposal of business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of earn-out contingent consideration

1,206

2,308

157

-283

-222

213

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of venture capital fund

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax deficiency (benefit) related to share-based compensation expense

616

1,289

1,360

1,457

1,410

1,584

978

979

1,007

858

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of Wiring business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities, net of effect of business combination:
Accounts receivable, net

-12,738

1,353

-2,706

5,421

6,575

3,575

12,069

13,256

11,329

15,156

11,440

3,652

21,886

18,694

8,207

14,388

124

489

15,605

23,411

18,796

19,400

5,523

-13,854

-5,092

-4,122

-104

65

-19,788

-19,466

-23,627

-8,925

3,817

11,658

0

0

0

Inventories, net

7,836

15,653

19,294

21,190

18,963

10,002

13,609

6,003

4,381

2,132

2,326

-228

-7,732

-4,519

-10,969

-10,132

1,651

4,340

3,582

-1,494

-8,491

-3,161

5,639

21,292

30,542

23,646

13,876

-2,966

-11,682

-20,995

-16,227

-8,086

-2,689

9,895

0

0

0

Prepaid expenses and other assets

11,940

8,898

7,855

-1,030

-5,278

-2,291

12,793

14,420

9,064

10,177

-10,061

-3,866

-869

-2,652

5,471

2,763

771

295

394

793

-478

1,306

1,708

2,564

1,912

2,585

-386

-2,700

590

-1,772

2,790

6,706

4,868

4,783

0

0

0

Accounts payable

-21,048

-6,980

7,785

15,980

19,608

11,054

14,161

7,495

2,599

10,492

8,600

3,225

12,782

10,980

11,109

13,072

8,571

6,577

9,071

9,528

6,146

524

-275

2,671

7,006

9,485

12,001

1,247

-6,864

-7,282

-41,718

-30,582

-30,853

-23,879

0

0

0

Accrued expenses and other liabilities

-14,803

-11,906

-2,851

-10,808

-15,537

-7,671

13,455

23,898

20,446

18,077

-2,855

-4,383

3,321

1,408

8,618

8,812

5,288

5,253

-2,066

-2,825

-7,791

-4,758

-6,647

-3,815

-1,305

2,969

5,666

7,497

7,130

396

33,527

30,408

25,466

27,020

0

0

0

Net cash used for operating activities

23,552

24,505

53,656

58,525

65,492

80,772

75,428

80,798

78,769

78,908

79,378

74,504

73,955

65,277

74,689

70,967

60,216

54,805

37,794

28,506

31,727

19,815

20,394

33,382

28,087

43,684

57,960

63,472

69,089

75,545

58,372

39,350

22,259

921

0

0

0

INVESTING ACTIVITIES:
Capital expenditures, including intangibles

37,923

39,467

36,982

29,661

27,206

29,027

30,094

33,848

35,410

32,170

30,884

27,637

24,924

24,476

23,698

25,512

27,062

28,735

28,503

27,378

28,658

24,754

26,594

27,248

24,112

25,344

24,631

22,683

25,322

26,352

25,815

26,543

28,796

26,290

0

0

0

Proceeds from sale of fixed assets

389

382

396

119

103

111

0

0

0

-

-

-

-

652

663

382

128

64

64

73

113

110

112

97

105

107

125

303

394

521

0

0

0

-

-

-

-

Insurance proceeds for fixed assets

-

-

-

-

-

1,403

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital contribution from noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

397

0

0

0

Business acquisitions, net of cash acquired

-

-

-

-

-

-

-

-

-

77,258

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,779

0

0

0

-

-

-

-

Investment in venture capital fund

-

1,600

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used for investing activities

-4,348

-6,299

-3,837

3,207

-27,940

-27,950

-27,925

-31,356

-32,930

-108,640

-108,076

-104,857

-101,891

-23,824

-23,035

-25,130

-28,633

-30,370

22,554

42,382

41,819

45,720

-8,810

-28,173

-24,007

-25,237

-24,506

-22,380

-24,928

-45,610

-48,998

-49,788

-52,050

-29,783

0

0

0

FINANCING ACTIVITIES:
Revolving credit facility borrowings

0

-

-

-

-

27,500

31,500

37,500

19,000

95,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,579

39,420

49,410

38,400

38,993

0

0

0

Revolving credit facility payments

113,500

82,000

74,000

62,500

47,500

52,500

56,500

59,500

44,000

41,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

1,160

22,327

36,334

53,342

59,600

38,530

24,523

7,549

554

0

0

0

Proceeds from issuance of debt

4,132

2,208

2,241

197

294

415

560

1,120

2,017

2,748

5,463

6,324

14,187

16,223

16,741

22,252

23,389

22,540

28,726

29,093

21,553

30,072

24,443

19,388

22,761

25,555

22,405

22,509

31,015

22,146

0

0

0

-

-

-

-

Repayments of debt

2,973

1,587

1,999

3,611

4,383

5,071

5,638

7,858

8,816

11,573

14,743

16,311

27,067

25,748

31,883

31,991

28,157

30,586

29,672

32,351

27,340

25,610

18,073

14,894

25,207

24,382

32,616

39,156

37,608

48,327

38,022

26,962

14,309

968

0

0

0

Earn-out consideration cash payment

-

3,394

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other financing costs

-1,365

-1,366

0

0

0

-

-

-

-

-61

0

0

0

-

-

-

-

-49

0

0

0

-

-

-

-

-

-

-

-

-

-643

-620

-677

-605

0

0

0

Common Share repurchase program

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of Common Shares to satisfy employee tax withholding

2,861

4,119

4,045

3,181

3,446

4,214

4,465

4,516

4,374

2,481

2,262

2,247

1,900

1,424

1,454

3,127

3,087

2,924

2,854

1,282

1,273

765

552

510

518

516

867

824

826

1,273

1,136

1,127

1,180

752

0

0

0

Net cash provided by (used for) financing activities

11,938

-28,258

-51,043

-67,362

-35,931

-33,870

-34,543

-33,306

-38,035

40,785

26,466

18,487

26,751

-43,371

-29,935

-12,866

-7,869

-11,019

-68,997

-89,261

-92,850

-82,058

-14,789

2,901

-2,964

-503

-23,112

-43,425

-39,243

-65,475

-17,596

16,457

20,610

37,522

0

0

0

Effect of exchange rate changes on cash and cash equivalents

-2,923

-1,637

-4,168

-1,832

-5,939

-3,863

-3,096

-1,391

4,691

4,561

2,463

802

-2,279

-2,054

-448

-547

790

-2,076

-3,012

-4,524

-5,254

-3,281

-1,902

624

587

326

149

192

-1,128

1,364

553

-3,303

-1,131

-1,903

0

0

0

Net change in cash and cash equivalents

28,219

-11,689

-5,392

-7,462

-4,318

15,089

9,864

14,745

12,495

15,614

231

-11,064

-3,464

-3,972

21,271

32,424

24,504

11,340

-11,661

-22,897

-24,558

-19,804

-5,107

8,734

1,703

18,270

10,491

-2,141

3,790

-34,176

-7,669

2,716

-10,312

6,757

0

0

0

Supplemental disclosure of cash flow information:
Cash paid for interest

4,442

4,401

4,308

4,516

4,668

4,997

5,359

5,670

5,734

5,746

5,499

5,526

5,845

5,786

6,126

6,240

6,242

6,092

13,562

13,675

20,883

20,464

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for income taxes, net

10,727

12,222

10,172

12,346

11,484

13,213

16,247

11,636

10,897

7,093

7,112

5,077

4,089

3,386

2,673

3,042

2,283

2,494

2,609

3,116

3,504

3,054

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosure of non-cash operating and financing activities:
Change in fair value of interest rate swap

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-793

-868

81

-1,172

-1,419

-1,335

-1,014

945

1,134

3,562

3,641

4,037

4,095

0

0

0

Bank payment of vendor payables under short-term debt obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

3,764

5,801

4,490

5,445

5,323

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of Common Shares for acquisition of additional PST interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,197

0

0

0

-

-

-

-