Sterling construction co inc (STRL)
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 Income (Loss) Available to Common Stockholders, Basic

-

-

-

-

-

-

-

-

-

-

7,132

3,662

-2,257

-6,348

2,415

2,023

-7,328

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss attributable to Sterling common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

256

-2,542

-16,992

-

-3,935

1,201

205

-52,137

-190

-17,022

-4,580

2,926

992

3,285

-7,500

-43,616

3,461

4,211

44

Net Income (Loss) Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

-

1,694

901

371

574

740

520

-8

268

1,109

1,547

292

1,318

1,718

1,245

275

653

2,284

1,127

-161

33,164

-3,079

-4,381

-7,695

7,195

-2,480

-4,957

1,438

Net income

3,215

22,460

8,509

7,865

1,861

6,551

10,168

9,141

3,680

4,314

8,826

4,563

-1,886

-

-

-

-

-

-

-

-

-

-

-

-

-

2,094

-16,217

-4,419

-

4,071

7,666

195

-

5,941

6,292

1,482

Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7,336

-

1,365

-995

-16,700

-5,934

-2,217

2,446

480

-

-

-

-

-

-

-

-

-

-

-

-

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

8,285

8,452

3,815

4,171

4,302

4,259

4,204

4,183

4,124

3,854

4,753

4,317

4,070

3,602

3,953

3,982

4,162

3,757

4,089

4,116

4,274

4,539

4,608

4,568

4,633

4,630

4,534

4,864

4,622

4,370

5,243

4,854

4,530

4,547

4,339

4,225

4,211

Amortization of debt issuance costs

1,022

-

-

-

833

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred debt costs

-

-

-

-

-

823

817

809

801

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposal of property and equipment

393

61

25

403

38

114

-4

220

250

33

-600

38

358

112

-19

99

175

274

206

240

759

90

-11

633

283

1,072

730

-65

100

207

253

1,520

1,204

164

72

9

145

Gain on sale of securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-381

-11

12

471

-27

116

47

649

36

-278

449

-204

Deferred tax expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-15,324

894

9,141

139

-440

-1,529

185

2,951

-

-

-

-

Interest expense accreted on noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

248

248

249

248

245

212

212

212

Deferred taxes

913

-28,959

800

620

141

151

1,299

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

397

1,268

Stock-based compensation expense

2,234

1,299

819

649

1,021

883

798

766

617

309

557

1,337

640

599

406

405

400

285

830

331

158

257

209

149

234

189

259

202

278

265

165

159

105

121

124

133

125

Unrealized loss on hedge

-171

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities (Note 17)

4,676

-24,103

1,889

-1,246

27,362

-675

-16,870

101

31,464

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax impact from exercise of stock options and restricted stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2

15

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Contracts receivable

-

-

-

-

-

-

-

-

-

-

4,881

33,206

6,957

-

-1,180

11,837

12,646

-17,554

-897

5,955

15,712

-26,406

693

26,264

1,100

-13,418

2,970

23,302

-6,424

-49,663

31,690

15,895

-1,982

-18,034

23,435

-1,931

-5,403

Costs and estimated earnings in excess of billings on uncompleted contracts

-

-

-

-

-

-

-

-

-

-

2,796

3,169

1,770

-

-3,402

7,203

1,283

3,618

-2,216

-324

-7,576

1,658

-240

13,234

7,067

-19,797

8,154

-11,004

13,739

2,716

1,745

-1,690

1,312

-9,151

5,690

4,731

4,651

Inventories

-

-

-

-

-

-

-

-

-

-

-1,428

-1,454

49

-

275

795

395

-45

-3,187

252

-1,886

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Receivables from and equity in construction joint ventures

-

-

-

-

-

-

-

-

-

-

1,606

-427

760

-2,339

2,104

-951

-4,614

1,841

252

1,139

545

-1,468

1,804

-2,379

5,078

-

-

-

-

-

-

-

-

-

-

-

-

Receivables from and equity in construction joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,717

-907

-1,555

238

3,878

-657

1,489

-2,078

2,225

-378

-456

Income tax receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,134

-710

-27

87

3,297

-669

711

2,672

-

-

-

1,079

-

235

-1,735

2,866

Other assets

-

-

-

-

-

-

-

-

-

-

2,058

1,370

1,059

-

742

801

-297

1,191

-9,888

2,639

-2,069

-1,933

-349

-683

-727

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,959

452

1,881

-

-519

2,080

1,906

-

-

-

-

Increase decrease in inventories depoits and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-113

Accounts payable

-

-

-

-

-

-

-

-

-

-

3,765

8,571

4,351

-9,764

-2,992

16,465

4,429

-15,125

-1,676

4,298

4,669

-14,305

-9,061

28,151

407

-17,520

23,284

1,784

6,246

-17,988

3,510

17,446

4,762

-22,143

11,053

3,723

-575

Billings in excess of costs and estimated earnings on uncompleted contracts

-

-

-

-

-

-

-

-

-

-

-13,548

13,957

-1,444

-

4,982

17,831

8,527

-2,493

-2,088

778

8,710

-2,872

-1,726

2,800

-4,129

506

6,629

11,571

-6,048

-8,113

2,594

3,423

2,431

2,616

-4,372

1,177

40

Accrued compensation and other liabilities

-

-

-

-

-

-

-

-

-

-

23,996

-9,175

3,207

-6,343

785

1,754

4,123

-7,377

4,401

-2,281

2,110

-5,923

2,012

2,506

-1,099

184

1,052

2,738

81

-7,333

3,080

4,146

-2,303

5,341

-4,298

-30

395

Member’s interest subject to mandatory redemption and undistributed earnings

-

-

-

-

-

-

-

-

-

-

-17

2,163

-1,047

-1,236

-2,794

3,049

-4,227

317

-953

2,733

-679

42

-1,462

130

180

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities

10,771

32,616

12,802

14,917

-19,242

13,228

34,160

14,578

-22,492

18,979

18,124

-9,274

-3,062

-

-

-

-

-

-

-

-2,943

-

-8,824

3,708

-12,182

-10,234

15,108

-16,698

-10,248

19,743

-18,085

21,753

1,378

16,351

-1,931

1,122

5,446

Net cash (used in) provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26,245

490

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures

7,354

7,526

3,017

1,040

3,814

3,638

4,270

3,366

1,897

1,115

2,435

4,045

1,825

2,036

2,782

3,252

2,818

1,000

3,819

2,106

1,161

2,285

4,554

4,387

2,283

3,057

4,644

1,791

4,898

9,541

9,962

11,946

5,910

4,397

4,421

6,738

8,433

Proceeds from sale of property and equipment

512

69

463

665

137

290

192

421

886

2,554

3,923

1,319

588

527

793

329

1,065

2,684

2,581

414

2,864

-

-

-

-

2,270

2,431

1,273

813

549

5,068

3,541

3,306

366

366

382

182

Purchases of short-term securities, available-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

478

655

505

244

10,827

9,304

9,779

11,593

14,557

25,646

57,516

Sales of short-term securities, available-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

624

1,990

2,260

20,945

321

457

28,151

4,265

7,654

3,417

11,325

16,942

25,872

31,237

27,364

Net cash used in investing activities

-6,842

-403,780

-2,554

-375

-3,677

-3,348

-4,078

-2,945

-1,011

1,439

1,627

-57,726

-1,237

-

-

-

-

-

-

-

1,703

-

-3,930

-2,397

-23

20,158

-2,370

-716

23,561

-28,115

-8,067

-14,292

-1,058

-6,887

3,349

-765

-38,403

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,923

-1,753

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from financing activities:
Borrowings on revolving credit facility

30,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

2,470

44,538

65,840

92,761

86,817

84,482

66,278

66,228

58,585

58,325

35,888

55,012

17,000

2,000

1,000

2,500

14,000

1,000

1,000

Repayments of long-term debt

5,082

-

-

-

5,610

-

-

-

-

-

-

-

-

-

6,598

1,650

1,298

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of credit facilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,471

75,307

69,672

92,303

71,263

86,563

53,416

78,854

67,422

40,775

48,179

41,000

7,000

2,000

1,000

10,500

6,000

1,000

1,000

Repayments equipment-based term loan and other

-

-

-

-

-

-

-

-

-

-

-496

-2,620

-1,333

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cumulative drawdowns equipment-based revolver

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

5,000

14,000

-

-1,450

14,550

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of long-term debt

-

-

-

-

-

-

5,954

665

4,679

-

0

0

0

-19,000

0

18,100

900

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to noncontrolling interest owners

0

1,460

800

0

5,100

0

1,350

0

0

-

-

-

-

-

-

-

-

-

-

-

-

1

0

196

994

-

-

-

-

-

-

-

-

1,624

1,367

918

3,900

Purchase of treasury stock

0

0

0

0

3,201

4,731

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,751

1,645

196

Tax impact from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-2

-15

-

-

-

-

-

-

-

-

Other

-675

-299

24

577

-501

-133

-27

155

-309

-2,008

1,006

-113

-6

-789

0

0

-46

2,675

-3,309

1,133

-575

-286

-109

-90

-248

-147

84

-15

5

-68

-208

55

-81

-

-

-

-18

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,394

11,756

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

24,243

340,367

-5,448

424

-14,412

-5,121

-7,331

-510

-4,988

-3,006

-13,268

89,911

-1,339

-

-

-

-

-

-

-

-4,407

-

15,473

11,683

11,620

-13,066

-8,753

14,289

-12,301

10,480

8,074

-4,959

-81

-9,743

4,965

-2,460

-4,114

Net change in cash and cash equivalents

28,172

-30,797

4,800

14,966

-37,331

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-

-

-

-

-

-

-

-

-28,491

-

6,483

22,911

-5,638

-236

386

27,716

10,493

-7,062

-2,848

-2,860

-5,647

5,843

2,719

12,994

-585

-3,142

3,985

-3,125

1,012

2,108

-18,078

2,502

239

-279

6,383

-2,103

-37,071

Cash paid during the period for interest

-

-

-

-

-

-

-

-

-

-

-

2,983

113

-

486

1,120

820

996

1,144

373

376

315

227

268

265

55

274

84

182

-330

-116

414

120

67

168

62

2

Cash paid during the period for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

67

5

0

0

0

5

105

437

-

-

-

-

0

1

148

21

85

150

755

2,000

-947

362

364

1,665

Reclassification of amounts payable to noncontrolling interest owner

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,054

Goodwill adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18

-

-

-

-

Transportation and construction equipment acquired through financing arrangements

-

-

-

-

-

-

-

-

-

-

0

0

70

5

224

430

81

1,501

174

399

588

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revaluation of noncontrolling interest obligations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-747

1,501

-1,854

-

763

175

301

-

-

-

-

Revaluation of noncontrolling interest - RLW put/call liability, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0