Synalloy corporation (SYNL)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Net (loss) income

-3,036

13,097

1,341

-7,093

-11,520

5,462

1,760

4,234

5,797

4,033

218

Operating activities
Income from discontinued operations, net of tax

-

-

-

-99

-1,251

-7,156

-1,137

252

-

-

-

Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation expense

7,578

6,400

5,300

4,235

4,356

3,724

3,074

2,394

2,631

2,631

2,331

Amortization expense

3,486

2,363

2,443

2,459

2,277

1,407

1,597

567

26

10

70

Amortization of debt issuance costs

160

132

60

72

120

59

-

-

-

-

-

Unrealized (gain) loss on equity securities

1,547

-2,573

0

0

-

-

-

-

-

-

-

Goodwill impairment

-

-

-

-

17,158

0

0

-

-

-

-

Deferred income taxes

-773

-383

-1,037

-1,407

150

796

-

-

-

-

-

Gain on sale of available for sale securities

326

0

310

0

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-1,325

164

121

-116

-100

Gain on sale of available-for-sale securities

-

-

-

-

0

-

-

-

-

-

-

Bargain gain on acquisition of CRI, net of taxes

-

-

-

-

-

-

1,077

0

-

-

-

Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability

-747

1,431

688

0

-4,897

-3,476

0

0

-

-

-

Payments of earn-out liabilities in excess of acquisition date fair value

448

194

0

-

-

-

-

-

-

-

-

Payments on earn-out liabilities in excess of acquisition date fair value

-

-

-

0

-

-

-

-

-

-

-

Gain on bargain purchase, net of taxes

-

-

-

-

-

-

-

-

0

-

-

Provision for losses on accounts receivable

-171

240

202

-45

60

72

-229

105

792

62

497

Provision for losses on inventories

1,617

1,828

1,196

983

2,003

2,548

169

463

-599

1,356

-

Provision for losses on inventory

-

-

-

-

-

-

-

-

-

-

-1,604

(Gain) loss on sale of property, plant and equipment

50

18

-25

-2,294

18

-26

-8

107

-0

-5

4

Amortization of deferred gain on sale-leaseback

-

334

334

83

0

0

-

-

-

-

-

Non-cash lease expense

560

445

397

101

0

0

-

-

-

-

-

Casualty insurance gain

-

-

-

-

923

0

0

-

-

-

-

Change in cash value of life insurance

-

-

-

1

-82

-39

-161

-190

-62

-69

-91

Change in fair value of interest rate swap

141

20

96

-12

-41

-425

740

-113

0

0

-

Change in environmental reserves

-

-

-

-

-

-50

-14

0

-296

-188

-

Environmental reserves

-

-

-

-

-

-

-

-

-

-

-239

Issuance of treasury stock for director fees

304

276

288

330

118

110

127

99

78

67

75

Stock-based compensation expense

2,091

827

638

459

521

364

331

337

276

179

209

Dividend on stock grant forfeiture

-

-

-

0

0

0

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

-9,696

10,413

10,877

-

-

-

-

-

-

-

-

Accounts receivable

-

-

-

37

-11,380

-3,448

-642

894

7,402

5,994

-4,313

Inventories

-

-

-

-2,032

-4,173

3,298

2,659

2,615

8,110

10,204

-17,392

Inventories

-19,962

41,157

7,088

-

-

-

-

-

-

-

-

Other assets and liabilities

-179

1,524

-11,230

11,767

653

1,164

303

1,661

973

17

618

Accounts payable

-5,323

-234

7,572

4,418

-9,122

7,820

879

-3,971

2,369

4,092

-2,053

Accrued expenses

-

-

-

9,582

-2,059

3,995

-2,316

1,189

1,806

-2,514

-748

Accrued expenses

-3,317

2,093

-9,424

-

-

-

-

-

-

-

-

Accrued income taxes

-1,114

1,339

26

-1,294

3,038

-1,287

-863

-754

-313

616

254

Net cash (used in) provided by continuing operating activities

-

-

-

5,355

17,376

28,103

36

-775

-

-

19,902

Net cash used in discontinued operating activities

-

-

-

-3,843

-849

785

-5,578

2,410

-

-

285

Net cash (used in) provided by operating activities

28,640

-21,221

2,235

1,511

16,526

28,889

-5,541

1,634

-3,857

-6,047

20,188

Investing activities
Purchases of property, plant and equipment

4,537

7,355

5,279

3,044

10,905

8,065

5,648

4,542

3,185

5,095

1,892

Proceeds from sale of property, plant and equipment

189

0

73

22,215

21

8

136

148

31

63

1,162

Purchase of equity securities

544

4,970

4,383

0

-

-

-

-

-

-

-

Proceeds from sale of available for sale securities

1,092

0

4,142

0

-

-

-

-

-

-

-

Purchases of equity securities

-

-

-

-

0

-

-

-

-

-

-

Proceeds from available for sale securities

-

-

-

-

0

-

-

-

-

-

-

MUSA escrow deposit

-

-

-

-

-

0

-

-

-

-

-

Acquisition of ASTI

0

0

11,953

3,000

0

-

-

-

-

0

-

Acquisition of the galvanized pipe and tube assets of MUSA

0

10,378

0

0

-

-

-

-

-

-

-

Acquisition of ASTI

21,895

0

0

-

-

-

-

-

-

-

-

Cash received from acquisition

-

-

-

-

-

-

-

-

0

0

-

Proceeds from casualty insurance

-

-

-

-

1,219

0

0

-

-

-

-

Proceeds from life insurance policies

-

-

-

1,502

720

0

703

734

0

0

-

Acquisition of Ram-Fab, Inc.

-

-

-

-

-

-

-

-

-

-

5,707

Net cash used in investing activities

-

-

-

-

-

-39,535

-9,336

-30,165

-

-

-6,437

Purchases of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

501

Sale of Blackman Uhler Specialties, LLC and Organic Pigments, LLC assets, net

-

-

-

-

-

-

-

-

-

-

11,806

Net cash provided by discontinued investing activities

-

-

-

-

-

3,139

-115

-192

-

-

11,305

Net cash used in investing activities

-25,695

-22,703

-17,400

17,673

-8,944

-36,396

-9,451

-30,357

-3,153

-5,032

4,867

Financing activities
(Repayments) borrowings from line of credit

17,185

-

-

-

-

-

-

-

-

-

-

(Repayments) borrowings from line of credit

-

50,492

17,109

-

-

-

-

-

-

-

-

Borrowings (repayments) from line of credit

-

-

-

6,928

-

-

-

-

-

-

-

Net borrowings from line of credit

-

-

-

-

990

884

-18,060

9,410

8,431

219

-10,425

Borrowings from term loan

20,000

0

0

-

-

10,000

4,033

22,500

0

0

-

Net proceeds from at-the-market offering

0

983

0

0

-

-

-

-

-

-

-

Payments on long-term debt

3,666

0

0

26,068

4,700

2,533

2,401

759

0

0

-

Principal payments on finance lease obligations

106

337

125

65

13

0

0

-

-

-

-

Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Settlements

-3,627

-2,261

-518

0

0

-

-

-

-

-

-

Payments of debt issuance costs

0

383

200

54

65

-

-

-

-

-

-

Proceeds from notes receivable

-

-

-

-

-

-

-

20

0

0

-

Proceeds from sale of common stock

-

-

-

-

-

-

34,232

0

0

-

-

Proceeds from exercised stock options

45

142

0

0

8

42

138

123

161

39

0

Dividends paid

0

2,215

1,149

0

2,617

2,632

2,259

1,596

1,580

3,165

-

Tax withholdings related to net share settlements of exercised stock options

0

291

0

0

-

-

-

-

-

-

-

Repurchase of common stock

-

-

-

253

820

0

0

-

-

-

-

Dividends paid

-

-

-

-

-

-

-

-

-

-

-631

Net cash provided by financing activities

-4,539

46,130

15,117

-19,513

-7,218

5,760

15,682

29,698

7,012

-2,907

-11,056

Decrease in cash and cash equivalents

-1,594

2,206

-48

-

-

-

-

-

-

-

-

Increase (decrease) in cash and cash equivalents

-

-

-

-328

364

-1,747

688

975

1

-13,987

13,999

Supplemental disclosure
Payments Of Multiemployer Plan Withdrawal Obligation

-

-

-

-

-

-

-

0

-

-

-