Standex international corp/de/ (SXI)
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'11Dec'10Sep'10
Cash flows from operating activities
Net income

-6,323

12,237

12,439

12,393

26,266

13,398

15,857

12,610

12,801

-2,805

13,998

14,142

7,661

10,448

14,294

12,188

11,516

12,371

15,981

16,381

12,626

11,184

14,552

10,047

13,220

10,517

9,082

12,496

9,561

10,961

11,830

13,943

9,120

-4,117

11,959

10,270

5,090

9,019

10,988

Income from discontinued operations

-16,380

-171

-11

878

17,359

989

1,499

1,321

972

1,667

1,301

7,451

1

6

-50

116

-55

-75

-160

93

-139

-79

-375

-3,596

-46

25

-3,266

1,064

-110

-65

-95

1,468

-2,405

-14,193

139

-653

-806

-661

-539

Income from continuing operations

10,057

12,408

12,450

11,515

8,907

12,409

14,358

11,289

11,829

-4,472

12,697

6,691

7,660

10,442

14,344

12,072

11,571

12,446

16,141

16,288

12,765

11,263

14,927

13,643

13,266

10,492

12,348

11,432

9,671

11,026

11,925

12,475

11,525

10,076

11,820

10,923

5,896

9,680

11,527

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

7,432

8,489

8,380

9,282

6,782

8,162

6,655

7,064

6,789

6,572

6,271

3,989

4,780

4,671

4,373

4,636

4,513

4,390

4,414

4,082

4,297

4,294

4,011

3,559

3,644

3,699

3,689

3,609

3,861

3,935

3,830

2,996

3,358

3,261

3,527

3,712

3,204

3,011

3,347

Stock-based compensation

465

2,063

2,757

1,670

651

-128

2,157

1,187

898

1,713

1,164

1,108

1,072

1,478

1,365

1,312

971

1,025

1,781

958

1,137

624

1,045

1,176

3,135

1,470

849

535

1,083

922

803

950

1,448

824

546

1,499

630

694

982

Non-cash portion of restructuring charge

62

-27

-122

-248

51

-145

13

-77

-1,851

148

516

1,187

185

61

-19

811

-429

895

1,046

44

-141

175

-249

2,227

413

48

3,294

-

-

-

-

-

-

-

-

9

104

-2

374

Life Insurance Benefit

0

0

1,302

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss on disposal of real estate and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

292

3,076

Excess tax benefit from share-based payment activity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-14

338

471

444

0

2,952

-1,308

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contributions to defined benefit plans

-1,522

-1,691

-241

-608

-252

-247

-252

-6,158

-278

-266

-264

-481

-338

-378

-246

-357

-318

-317

-328

-415

-578

-168

-323

-434

-360

-375

-358

-417

-285

-312

-3,564

-8,225

315

504

138

-

-

-

-

Net changes in operating assets and liabilities

8,826

7,735

13,607

-

412

3,630

25,502

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued payroll, employee benefits and other liabilities

-

-

-

-

-

-

-

-38,736

26,430

-24,524

23,702

-21,897

2,726

-3,120

18,368

-16,441

-107

-4,893

14,710

-24,026

6,203

-6,905

29,062

-22,317

-187

-2,216

18,528

-25,827

19,546

424

3,485

-13,206

-2,877

1,969

18,431

2,771

1,674

6,313

-4,739

Net cash provided by operating activities - continuing operations

7,668

13,507

8,315

43,591

15,727

16,421

-2,571

33,542

1,989

28,219

-3,318

19,047

10,633

19,394

1,449

33,925

16,429

22,994

7,873

43,092

11,277

22,757

-10,959

36,789

15,434

18,475

1,294

44,765

-5,216

15,147

9,509

22,360

14,117

11,688

-2,676

28,003

8,160

16,256

8,415

Net cash provided by operating activities - discontinued operations

-3,397

-261

99

4,178

-9,411

1,851

3,560

2,664

1,103

2,902

-2,176

13,374

-231

-145

-82

-149

-96

-124

-528

-310

-1,161

-774

117

-341

1,015

-2,016

-351

-1,018

-1,588

-177

-1,241

687

-54

305

-2,761

4,448

-5,994

-2,675

-276

Net cash provided by operating activities

4,271

13,246

8,414

47,769

6,316

18,272

989

36,206

3,092

31,121

-5,494

32,421

10,402

19,249

1,367

33,776

16,333

22,870

7,345

42,782

10,116

21,983

-10,842

36,448

16,449

16,459

943

43,747

-6,804

14,970

8,268

23,047

14,063

11,993

-5,437

32,451

2,166

13,581

8,139

Cash flows from investing activities
Expenditures for property, plant, and equipment

5,135

3,637

7,034

17,453

722

8,727

7,465

5,068

5,484

6,395

8,328

7,633

4,795

5,908

7,121

4,587

4,540

3,387

5,337

3,714

4,886

6,762

7,199

3,135

8,304

3,663

3,730

1,715

2,666

4,818

4,905

1,528

3,149

2,806

2,258

1,088

1,556

1,880

1,395

Expenditures for acquisitions, net of cash acquired

0

0

0

31,156

850

-910

96,828

0

0

0

10,397

-1

129,155

24,660

0

-

-

-

-

0

0

0

57,149

-

-

-

-

0

0

1,078

38,535

-

-

-

-

0

22,805

2,482

1,316

Proceeds from insurance recovery

-

1,000

9,000

-

-

0

0

-

0

0

2,217

-

-24

24

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of real estate and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

874

226

4,645

Disposition of a business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other investing activity

483

-1,622

-376

-

624

-812

-2,332

-2,527

1,484

-1,165

78

-324

494

60

-712

-

-

-

-52

-339

-69

418

-1,546

-

-

-

-10

-

-

-

-

2,129

3,138

-2,516

-384

-399

514

-20

1,147

Net cash (used in) investing activities

-15,618

-1,015

2,342

-48,298

-2,196

-7,005

-101,961

-4,165

-5,019

-5,230

-16,586

-

-

-30,604

-6,409

-4,463

-5,089

-16,748

-5,285

-3,717

-4,932

-7,065

-62,802

-20,535

-4,205

-7,155

-3,720

-231

-3,185

-5,788

-43,440

-3,937

-1,124

-290

-1,874

-787

-24,001

-4,116

787

Net cash provided by (used in) investing activities - discontinued operations

9,414

0

0

107,793

-694

2,922

-232

-81

-224

-432

-528

-

-

-

0

0

0

2,803

0

0

0

0

0

3,039

-17

-50

-520

-

-

-

-

1,099

13,091

1,637

-18

-29

34

-137

0

Net cash (used in) investing activities

-6,204

-1,015

2,342

59,495

-2,890

-4,083

-102,193

-4,246

-5,243

-5,662

-17,114

-

-

-

-6,409

-4,463

-5,089

-13,945

-5,285

-3,717

-4,932

-7,065

-62,802

-17,496

-4,222

-7,205

-4,240

-

-

-

-

-2,838

11,967

1,347

-1,892

-816

-23,967

-4,253

787

Cash flows from financing activities
Borrowings on revolving credit facility

71,800

9,000

25,700

35,300

-302,850

370,000

139,500

29,000

26,000

45,500

63,000

13,700

177,000

43,500

29,500

7,000

9,500

25,500

23,000

7,200

22,000

156,900

88,600

21,000

15,500

16,800

17,700

20,500

26,500

18,000

56,000

15,000

117,000

13,500

65,000

9,000

39,000

17,500

7,500

Payments of revolving credit facility

46,800

11,000

34,500

129,500

-279,850

353,500

34,000

40,000

37,500

34,500

52,788

37,200

86,000

23,500

17,500

21,000

12,500

21,000

20,500

34,000

18,000

156,100

8,600

21,000

16,500

20,800

17,700

41,062

18,000

22,723

40,000

18,300

128,000

23,000

41,000

50,000

14,000

15,000

37,500

Activity under share-based payment plans

450

178

949

-

155

145

652

-

152

-420

1,042

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term borrowings, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-3,525

1,725

-

-

-

-

Stock issued under employee stock option and purchase plans

-

-

-

-

-

-

-

-

-

-

-

134

97

252

366

126

71

77

668

21

62

62

551

745

215

66

72

73

71

67

68

69

79

79

89

83

82

91

86

Excess tax benefit from share-based payment activity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-14

338

471

444

0

2,952

-1,308

152

75

-47

1,470

0

-21

317

1,694

-16

84

81

500

0

53

98

96

Purchases of treasury stock

8,062

175

771

14,155

104

18,298

837

645

83

647

1,277

401

501

1,227

5,678

2,469

114

1,057

1,996

521

1,768

1,640

6,427

2,242

442

2,061

3,045

235

270

2,632

5,372

1,092

598

470

3,361

123

300

3,975

839

Cash dividends paid

2,725

2,723

2,463

2,495

2,506

2,538

2,287

2,288

2,288

2,286

2,026

2,026

2,028

2,024

1,774

1,775

1,777

1,776

1,518

1,519

1,518

1,519

1,264

1,264

1,262

1,263

1,004

1,004

1,004

1,007

876

877

879

879

748

748

749

755

623

Net cash used for financing activities from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,753

-21,283

-14,214

22,205

-41,588

23,623

22

-31,280

Net cash (used in) financing activities - discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Net cash provided by financing activities

14,663

-5,592

-11,085

-110,673

-25,455

-5,101

103,028

-13,792

-13,719

7,647

7,951

-25,793

88,568

17,001

4,914

-18,118

-4,834

2,082

125

-28,375

776

-1,961

74,168

-2,609

-2,414

-7,305

-2,507

-22,054

7,602

-7,978

11,514

3,753

-21,283

-14,214

22,205

-41,588

23,623

22

-31,280

Effect of exchange rate changes on cash and cash equivalents

-2,352

2,036

-2,572

513

-104

-184

-2,156

-4,890

2,805

1,013

1,361

1,684

2,021

-5,598

-607

-2,608

2,777

-2,118

-2,988

1,452

-4,545

-2,369

-2,801

430

-386

56

795

-564

-530

118

713

-1,378

673

-150

-1,514

281

654

-340

1,317

Net change in cash and cash equivalents

10,378

8,675

-2,901

-2,896

-22,133

8,904

-332

13,278

-13,065

34,119

-13,296

613

-33,348

48

-735

8,587

9,187

8,889

-803

12,142

1,415

10,588

-2,277

16,773

9,427

2,005

-5,009

20,855

-2,917

1,322

-22,945

22,584

5,420

-1,024

13,362

-9,672

2,476

9,010

-21,037

Supplemental Disclosure of Cash Flow Information:
Interest

1,613

1,574

1,841

1,897

2,752

3,375

1,447

1,660

1,567

1,504

1,447

1,248

738

683

589

596

661

552

542

698

656

720

473

448

462

495

429

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes, net of refunds

6,605

4,475

5,114

15,942

909

1,854

5,264

4,425

9,643

2,813

5,264

10,013

1,193

5,375

3,832

6,527

3,317

8,025

6,900

2,417

2,835

6,590

1,049

2,640

2,644

5,484

3,280

-

-

-

-

-

-

-

-

-

-

-

-