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

-

-

-

-

-

-

-

-

-

-

2,189

-2,528

-4,167

-9,238

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss attributable to Sterling common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-54,666

-50,921

-69,144

-73,929

-18,866

-17,684

2,623

-297

-46,839

-44,370

-43,444

-35,900

0

0

0

Net Income (Loss) Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

-

3,540

2,586

2,205

1,826

1,520

1,889

2,916

3,216

4,266

4,875

4,573

4,556

3,891

4,457

4,339

3,903

36,414

31,051

25,543

18,009

-7,960

-7,361

-7,937

1,196

0

0

0

Net income

42,049

40,695

24,786

26,445

27,721

29,540

27,303

25,961

21,383

15,817

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-26,596

-

-22,264

-25,846

-22,405

-5,225

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

24,723

20,740

16,547

16,936

16,948

16,770

16,365

16,914

17,048

16,994

16,742

15,942

15,607

15,699

15,854

15,990

16,124

16,236

17,018

17,537

17,989

18,348

18,439

18,365

18,661

18,650

18,390

19,099

19,089

18,997

19,174

18,270

17,641

17,322

0

0

0

Amortization of debt issuance costs

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred debt costs

-

-

-

-

-

3,250

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposal of property and equipment

882

527

580

551

368

580

499

-97

-279

-171

-92

489

550

367

529

754

895

1,479

1,295

1,078

1,471

995

1,977

2,718

2,020

1,837

972

495

2,080

3,184

3,141

2,960

1,449

390

0

0

0

Gain on sale of securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

91

445

572

607

785

848

454

856

3

0

0

0

Deferred tax expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,150

9,734

7,311

-1,645

1,167

0

0

0

-

-

-

-

Interest expense accreted on noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

993

990

954

917

881

0

0

0

Deferred taxes

-26,626

-27,398

1,712

2,211

1,591

1,450

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Stock-based compensation expense

5,001

3,788

3,372

3,351

3,468

3,064

2,490

2,249

2,820

2,843

3,133

2,982

2,050

1,810

1,496

1,920

1,846

1,604

1,576

955

773

849

781

831

884

928

1,004

910

867

694

550

509

483

503

0

0

0

Unrealized loss on hedge

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities (Note 17)

-18,784

3,902

27,330

8,571

9,918

14,020

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax impact from exercise of stock options and restricted stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Contracts receivable

-

-

-

-

-

-

-

-

-

-

0

0

-3,669

-

5,749

6,032

150

3,216

-5,636

-4,046

16,263

1,651

14,639

16,916

13,954

6,430

-29,815

-1,095

-8,502

-4,060

27,569

19,314

1,488

-1,933

0

0

0

Costs and estimated earnings in excess of billings on uncompleted contracts

-

-

-

-

-

-

-

-

-

-

0

0

6,287

-

8,702

9,888

2,361

-6,498

-8,458

-6,482

7,076

21,719

264

8,658

-15,580

-8,908

13,605

7,196

16,510

4,083

-7,784

-3,839

2,582

5,921

0

0

0

Inventories

-

-

-

-

-

-

-

-

-

-

0

0

827

-

1,420

-2,042

-2,585

-4,866

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Receivables from and equity in construction joint ventures

-

-

-

-

-

-

-

-

-

-

-400

98

-426

-5,800

-1,620

-3,472

-1,382

3,777

468

2,020

-1,498

3,035

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Receivables from and equity in construction joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,493

1,654

1,904

4,948

2,632

979

1,258

-687

0

0

0

Income tax receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,784

2,647

2,688

3,426

6,011

0

0

0

-

-

-

0

-

0

0

0

Other assets

-

-

-

-

-

-

-

-

-

-

0

0

761

-

2,437

-8,193

-6,355

-8,127

-11,251

-1,712

-5,034

-3,692

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

Increase decrease in inventories depoits and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Accounts payable

-

-

-

-

-

-

-

-

-

-

6,923

166

8,060

8,138

2,777

4,093

-8,074

-7,834

-7,014

-14,399

9,454

5,192

1,977

34,322

7,955

13,794

13,326

-6,448

9,214

7,730

3,575

11,118

-2,605

-7,942

0

0

0

Billings in excess of costs and estimated earnings on uncompleted contracts

-

-

-

-

-

-

-

-

-

-

0

0

23,573

-

28,847

21,777

4,724

4,907

4,528

4,890

6,912

-5,927

-2,549

5,806

14,577

12,658

4,039

4

-8,144

335

11,064

4,098

1,852

-539

0

0

0

Accrued compensation and other liabilities

-

-

-

-

-

-

-

-

-

-

11,685

-11,526

-597

319

-715

2,901

-1,134

-3,147

-1,693

-4,082

705

-2,504

3,603

2,643

2,875

4,055

-3,462

-1,434

-26

-2,410

10,264

2,886

-1,290

1,408

0

0

0

Member’s interest subject to mandatory redemption and undistributed earnings

-

-

-

-

-

-

-

-

-

-

-137

-2,914

-2,028

-5,208

-3,655

-1,814

-2,130

1,418

1,143

634

-1,969

-1,110

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities

71,106

41,093

21,705

43,063

42,724

39,474

45,225

29,189

5,337

24,767

0

0

0

-

-

-

-

-

-

-

0

-

-27,532

-3,600

-24,006

-22,072

7,905

-25,288

13,163

24,789

21,397

37,551

16,920

20,988

0

0

0

Net cash (used in) provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures

18,937

15,397

11,509

12,762

15,088

13,171

10,648

8,813

9,492

9,420

10,341

10,688

9,895

10,888

9,852

10,889

9,743

8,086

9,371

10,106

12,387

13,509

14,281

14,371

11,775

14,390

20,874

26,192

36,347

37,359

32,215

26,674

21,466

23,989

0

0

0

Proceeds from sale of property and equipment

1,709

1,334

1,555

1,284

1,040

1,789

4,053

7,784

8,682

8,384

6,357

3,227

2,237

2,714

4,871

6,659

6,744

8,543

0

0

0

-

-

-

-

6,787

5,066

7,703

9,971

12,464

12,281

7,579

4,420

1,296

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,638

1,882

12,231

20,880

30,154

41,503

45,233

61,575

109,312

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

25,819

25,516

23,983

49,874

33,194

40,527

43,487

26,661

39,338

57,556

85,376

101,415

0

0

0

Net cash used in investing activities

-413,551

-410,386

-9,954

-11,478

-14,048

-11,382

-6,595

-890

-55,671

-55,897

0

0

0

-

-

-

-

-

-

-

0

-

13,808

15,368

17,049

40,633

-7,640

-13,337

-26,913

-51,532

-30,304

-18,888

-5,361

-42,706

0

0

0

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from financing activities:
Borrowings on revolving credit facility

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

205,609

289,956

329,900

330,338

303,805

275,573

249,416

219,026

207,810

166,225

109,900

75,012

22,500

19,500

18,500

18,500

0

0

0

Repayments of long-term debt

0

-

-

-

0

-

-

-

-

-

-

-

-

-

0

0

4,515

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of credit facilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

239,753

308,545

319,801

303,545

290,096

286,255

240,467

235,230

197,376

136,954

98,179

51,000

20,500

19,500

18,500

18,500

0

0

0

Repayments equipment-based term loan and other

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cumulative drawdowns equipment-based revolver

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

28,550

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of long-term debt

-

-

-

-

-

-

0

0

4,679

-

-19,000

-19,000

-900

0

0

0

15,450

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to noncontrolling interest owners

2,260

7,360

5,900

6,450

6,450

1,350

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

1,191

0

0

0

-

-

-

-

-

-

-

-

7,809

0

0

0

Purchase of treasury stock

0

3,201

7,932

7,932

7,932

4,731

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,592

0

0

0

Tax impact from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Other

-373

-199

-33

-84

-506

-314

-2,189

-1,156

-1,424

-1,121

98

-908

-795

-835

2,629

-680

453

-76

-3,037

163

-1,060

-733

-594

-401

-326

-73

6

-286

-216

-302

0

0

0

-

-

-

0

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

359,586

320,931

-24,557

-26,440

-27,374

-17,950

-15,835

-21,772

68,649

72,298

0

0

0

-

-

-

-

-

-

-

0

-

25,710

1,484

4,090

-19,831

3,715

20,542

1,294

13,514

-6,709

-9,818

-7,319

-11,352

0

0

0

Net change in cash and cash equivalents

17,141

-48,362

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-

-

-

-

-

-

-

-

18,315

-

23,520

17,423

22,228

38,359

31,533

28,299

-2,277

-18,417

-5,512

55

15,909

20,971

11,986

13,252

-2,867

-1,270

3,980

-18,083

-12,456

-13,229

-15,616

8,845

4,240

-33,070

0

0

0

Cash paid during the period for interest

-

-

-

-

-

-

-

-

-

-

-

0

1,921

-

3,422

4,080

3,333

2,889

2,208

1,291

1,186

1,075

815

862

678

595

210

-180

150

88

485

769

417

299

0

0

0

Cash paid during the period for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

72

5

5

110

547

0

0

0

-

-

-

-

170

255

404

1,011

2,990

1,958

2,170

1,779

1,444

0

0

0

Reclassification of amounts payable to noncontrolling interest owner

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,054

0

0

0

Goodwill adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Transportation and construction equipment acquired through financing arrangements

-

-

-

-

-

-

-

-

-

-

75

299

729

740

2,236

2,186

2,155

2,662

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revaluation of noncontrolling interest obligations, net of tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0