Strattec security corp (STRT)
CashFlow / Yearly
Jun'19Jul'18Jun'18Jun'17Jun'16Jun'15Jun'14Jun'13Jun'12Jun'11Jun'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)

-12,693

15,628

15,628

12,110

14,122

24,551

19,140

11,513

12,253

7,590

3,941

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

17,159

14,585

14,585

11,418

10,121

8,815

8,267

7,490

6,809

6,619

7,143

Foreign currency transaction loss

-397

549

549

1,128

2,559

3,075

-36

-395

1,369

-836

-283

Unrealized loss (gain) on peso forward contracts

39

-1,160

-1,160

2,010

-889

-

-

395

-640

245

-

Stock based compensation expense

1,133

1,130

1,130

1,508

1,625

1,323

1,128

1,062

825

621

468

Equity loss (earnings) of joint ventures

2,783

4,532

4,532

666

-2,235

-788

957

-225

-1,071

1,246

1,008

Loss (gain) on disposition of property, plant and equipment

-106

28

28

-213

17

-154

-170

-100

-30

6

-50

Pension termination settlement charge

31,878

-

-

-

-

-

-

-

-

-

-

Non-cash compensation expense

4,200

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-10,122

1,029

1,029

1,851

3,027

-3,330

1,447

3,847

54

-177

3,428

Provision for doubtful accounts

-

-

-

-

-

-

-

-

-116

-

421

Loss on settlement of pension obligation

-

-

-

-

-

-

-

-2,144

-

-

-

Change in operating assets and liabilities:
Impairment Charge

-

-

-

-

-

-

-

-

-

-

223

Environmental reserve adjustment

-

-

-

-

-

-

-

-

-

-

-1,125

Loss on curtailment of employee benefits

-

-

-

-

-

-

-

-

-

-

505

Receivables

10,392

9,571

9,571

1,707

5,129

-9,155

21,291

2,923

5,394

3,309

18,301

Inventories

608

11,178

11,178

-3,207

3,897

4,284

6,190

3,076

-899

5,049

497

Other assets

-5,855

4,457

4,457

6,499

9,481

1,482

6,535

-2,809

2,130

183

-3,181

Accounts payable and accrued liabilities

6,141

3,749

3,749

5,168

-3,003

-1,463

16,188

-7,553

3,437

2,902

12,192

Other, net

-286

-26

-26

-323

285

307

116

27

-

-

-

Other, net

-

-

-

-

-

-

-

-

-

18

3

Net cash provided by operating activities

-

-

-

-

-

31,459

11,519

15,665

17,241

-

-

Net cash provided by operating activities

29,941

6,940

6,940

23,142

8,218

-

-

-

-

8,371

10,065

CASH FLOWS FROM INVESTING ACTIVITIES:
Investment in joint ventures

200

125

125

400

1,720

4,384

-

965

200

450

100

Loan to joint ventures

-

-

-

2,230

225

315

285

-

-

-

-

Repayments from loan to joint ventures

-

300

300

100

100

-

-

-

-

-

-

Restricted Cash

-

-

-

-

-

-

-

-

-

-2,100

2,100

Loan to joint venture

-

-

-

-

-

-

-

-

-

-

-2,500

Proceeds from repayment of loan to joint venture

-

-

-

-

-

-

-

-

-

-

-1,000

Additions to property, plant and equipment

17,453

24,134

24,134

37,010

23,496

26,097

12,812

12,515

13,558

9,531

6,903

Purchase of additional interest in majority owned subsidiary

-

-

-

-

-

-

-

-

-

22

-

Proceeds received on sale of property, plant and equipment

53

41

41

2

76

1

71

91

19

111

21

Net cash used in investing activities

-

-

-

-

-

-30,795

-13,026

-13,389

-13,739

-

-

Net cash used in investing activities

-17,600

-23,918

-23,918

-39,538

-25,265

-

-

-

-

-7,792

-10,582

CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings under credit facility

5,000

24,000

24,000

36,000

26,500

9,000

1,250

3,250

-

-

-

Repayment of borrowings under credit facility

14,000

3,000

3,000

26,000

16,500

1,500

1,000

1,000

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

21

170

367

495

270

4

12

9

Contribution from non-controlling interest of subsidiaries

-

-

-

2,940

-

-

-

-

-

-

-

Dividends paid to non-controlling interests of subsidiaries

1,384

2,817

2,817

1,964

1,568

882

984

1,331

400

-

0

Dividends paid

2,063

2,034

2,034

2,012

1,865

1,711

1,542

1,352

1,341

3,989

-

Exercise of stock options and employee stock purchases

271

242

242

241

473

553

2,742

823

82

90

72

Net cash used in financing activities

-12,176

16,391

16,391

9,226

7,210

-

-

-

-

-5,037

-144

Foreign currency impact on cash

-446

316

-

-

-

-

-

-

-

-

-

NET INCREASE IN CASH AND CASH EQUIVALENTS

-281

-271

-

-

-

-

-

-

-

-

-

Repayment of loan from related parties

-

-

-

-

-

-

-

-

1,850

1,150

225

Net cash provided by financing activities

-

-

-

-

-

5,827

961

660

-3,505

-

-

FOREIGN CURRENCY IMPACT ON CASH

-

-

316

54

-381

-552

-5

-116

-

-

-

FOREIGN CURRENCY IMPACT ON CASH

-

-

-

-

-

-

-

-

240

-159

-236

NET DECREASE IN CASH AND CASH EQUIVALENTS

-

-

-271

-7,116

-10,218

5,939

-551

2,820

237

-4,617

-897

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for:
Income taxes

530

2,503

-

-

-

-

-

-

-

-

-

Income taxes

-

-

2,503

318

4,699

14,754

5,441

3,701

2,721

1,394

-2,963

Interest

1,624

1,078

1,078

350

157

47

42

42

115

188

250

Non-cash investing activities:
Change in capital expenditures in accounts payable

467

-1,702

-1,702

-99

2,625

136

-

-

-

-

-

Guarantee of joint venture revolving credit facility

-

-

-

-

505

995

-

-

-

-

-

Guarantee of joint venture contract

-

-

-

-

-

250

-

-

-

-

-