Thermon group holdings, inc. (THR)
CashFlow / TTM
Dec'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'10Jun'10
Operating activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

21,653

24,848

21,252

23,169

23,014

14,130

15,883

13,219

9,974

14,458

13,054

14,984

15,109

18,461

21,768

23,650

30,677

37,611

42,378

49,386

48,467

45,447

44,271

25,799

21,866

17,021

13,436

26,974

27,574

26,769

23,596

12,030

1,801

-2,122

-7,733

-14,940

0

0

0

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

28,018

28,095

28,794

29,965

30,958

30,702

27,824

24,420

21,118

18,622

18,254

17,832

17,640

17,839

17,627

17,409

16,435

15,333

14,597

14,143

14,224

14,236

14,203

14,178

14,158

14,051

13,947

13,831

13,654

13,489

13,442

13,971

14,121

15,064

20,967

27,538

0

0

0

Amortization of deferred debt issuance costs

2,283

1,892

1,734

1,756

2,271

2,217

1,886

1,657

525

362

377

390

401

414

725

732

743

747

455

464

468

478

483

4,572

4,651

4,748

6,348

3,321

3,151

3,267

2,992

4,127

4,683

4,873

3,917

3,948

0

0

0

Amortization of inventory step-up

-1

-2

-3

170

678

1,041

1,042

869

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock compensation expense

4,688

4,401

4,163

4,148

4,022

3,876

3,738

3,519

3,371

3,313

3,281

3,402

3,643

3,696

3,780

3,749

3,757

3,797

3,614

3,295

2,933

2,665

2,393

2,203

2,044

1,857

1,649

1,341

926

509

231

6,514

0

0

0

-

-

-

-

Deferred income taxes

-7,557

-5,885

-7,172

-5,552

-5,131

-12,152

-10,129

-11,337

-8,085

-2,525

-3,103

-3,262

-5,226

-5,180

-4,331

-4,090

-3,004

-2,882

-3,710

-7,164

-4,226

-3,683

-3,574

-4,429

-4,965

-4,784

-6,896

-1,919

-7,747

-7,887

-5,624

-4,947

-5,908

-6,774

-4,611

-8,393

0

0

0

Release of reserve for uncertain tax positions

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long term cross currency swap

4,148

-1,881

-36

-3,313

-8,898

906

-828

1,540

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Premiums paid on redemptions, included as financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-15,485

15,485

15,485

15,485

0

0

0

0

-

-

-

-

-

-

-

-

Remeasurement loss/(gain) on intercompany balances

-4,192

2,200

333

4,147

7,973

905

1,244

-773

-1,898

358

579

152

-1,050

387

656

510

1,276

1,358

2,263

1,833

1,319

337

-861

-177

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

-5,532

17,691

17,436

14,541

19,296

13,788

16,644

13,818

9,336

-3,011

-6,486

5,212

6,319

-1,998

661

-5,211

-16,787

-5,194

-2,359

12,242

22,719

7,935

9,887

-2,894

-6,172

5,611

-3,108

7,120

9,128

6,355

10,807

11,435

-537

-8,510

-1,991

-2,294

0

0

0

Inventories

-6,839

-7,472

474

3,432

8,272

12,503

12,029

9,059

3,699

2,516

-2,933

-6,579

-5,997

-5,840

-2,596

-1,637

1,093

5,500

8,437

6,862

6,776

6,228

3,527

3,500

-524

-4,755

-2,719

-3,389

587

6,093

4,360

8,189

12,844

8,002

9,179

5,403

0

0

0

Contract assets

27,511

27,345

21,189

11,990

5,555

5,549

802

6,067

-9,878

-6,921

-3,395

-2,599

1,739

-1,779

-1,409

350

3,877

4,566

4,383

3,512

-1,377

-959

26

-648

1,575

1,124

1,358

1,807

-469

757

9

478

278

255

356

365

0

0

0

Other current and non-current assets

-1,537

-126

-260

370

5,185

3,605

3,465

1,627

3,246

3,074

-976

527

550

1,108

3,876

2,125

1,245

628

843

841

185

1,078

-946

-1,477

-679

-1,962

-214

-611

-949

127

844

-1,591

-141

-1,656

-2,277

2,113

0

0

0

Accounts payable

-2,513

779

-1,301

-21

2,381

-1,478

6,119

2,003

2,177

2,375

-2,493

-4,608

-4,116

-143

-2,094

1,006

-3,737

-7,883

-2,337

-297

2,336

23

-886

-3,157

-4,579

589

3,748

4,895

2,179

3,978

-3,781

-1,292

6,485

-574

5,921

7,253

0

0

0

Accrued liabilities and non-current liabilities

576

5,449

4,265

4,076

4,240

8,496

9,250

13,950

11,757

2,618

-1,243

-3,173

-2,489

-660

391

-594

-976

468

734

8,396

1,771

-1,691

331

-11,069

-4,160

-4,157

-5,349

-3,354

1,011

-1,228

16

-3,549

-10,474

-932

5,106

19,175

0

0

0

Income taxes payable and receivable

479

-2,681

-1,411

-6,121

-892

-403

237

4,041

2,041

2,006

-1,758

-2,545

847

-925

2,034

774

-3,781

509

1,158

5,132

6,106

3,818

859

1,190

1,403

-596

676

657

3,277

4,574

4,449

-9,777

-4,156

-6,010

-5,407

7,215

0

0

0

Net cash provided by (used in) operating activities

65,736

51,161

30,866

23,227

21,284

12,135

13,172

22,913

25,503

37,157

39,018

26,483

25,327

38,541

36,907

47,920

52,692

45,666

49,590

51,731

43,637

46,726

46,073

46,114

51,790

44,597

47,174

41,370

35,737

31,719

23,847

3,112

6,409

17,552

21,987

38,962

0

0

0

Investing activities
Payments to Acquire Property, Plant, and Equipment

9,929

10,173

10,896

12,036

12,634

10,823

11,069

10,008

9,126

9,443

8,166

8,370

8,543

9,065

10,807

12,581

11,391

11,778

9,107

6,075

5,077

3,529

3,501

3,367

3,457

4,849

5,613

6,264

7,949

7,496

7,772

8,883

6,732

4,840

3,304

1,702

0

0

0

Sale of rental equipment

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of property, plant and equipment

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for acquisitions, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31,180

35,070

35,070

14,846

3,890

0

0

0

-

-

-

-

289

225

450

444

685

-310,669

-310,558

-308,114

2,962

0

0

0

Purchase of investments

-

-

-

-

-

-

-

8,123

15,904

53,069

48,881

44,786

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the sale of investments

3

6

-133

-952

-1,229

-5,054

-18,852

-53,406

-53,132

-49,310

-35,373

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash used in investing activities

-9,006

-9,565

-9,704

-10,070

-10,257

-206,985

-197,920

-166,469

-174,084

-12,904

-20,962

-51,995

-43,925

-6,496

-28,377

-41,568

-44,735

-46,184

-23,953

-9,965

-5,077

-5,489

-5,556

-5,422

-5,598

-5,096

-5,771

-6,553

-8,174

-7,946

-8,216

-9,568

-8,004

-6,223

-6,050

-316,605

0

0

0

Financing activities
Proceeds from revolving credit facility

21,232

21,232

33,692

33,241

22,009

28,009

19,549

10,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,769

-2,063

4,401

1,901

-6,267

0

0

0

0

Proceeds from senior secured notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

210,000

0

0

0

Payments on senior secured notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

118,145

118,145

118,145

118,145

21,000

21,000

25,265

49,855

70,855

0

0

0

-

-

-

-

Proceeds from long term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of Long-term Debt

66,295

45,664

43,192

40,323

45,307

119,665

115,562

116,000

94,375

20,875

15,188

13,500

13,500

13,500

13,500

13,500

13,500

13,500

13,500

13,500

13,500

13,500

13,500

13,500

10,125

6,750

3,375

0

0

0

0

-

-

-

-

-2,063

0

0

0

Purchase of shares from non-controlling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

290

290

290

290

1,728

1,346

1,346

1,346

248

0

0

0

-

-11,648

-11,877

-14,213

0

0

0

0

Issuance costs associated with debt financing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Capital contributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

48,209

48,459

48,669

129,252

0

0

0

Proceeds from exercise of stock options

1,023

225

377

396

377

510

382

383

278

207

183

168

165

126

243

240

267

272

285

547

1,068

2,481

3,180

3,340

3,743

3,622

4,132

5,558

0

0

0

-

-

-

-

-

-

-

-

Loss from excess tax deduction from option exercises

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

1,592

1,332

1,331

1,246

-118

762

1,546

2,888

4,131

0

0

0

-

-

-

-

-

-

-

-

Repurchase of employee stock units on vesting

916

918

984

598

582

577

716

481

521

523

662

621

571

617

679

1,265

1,265

1,209

708

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on finance leases

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Premium paid on redemption of senior secured notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-15,485

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-50,552

-30,742

-16,889

-14,101

-29,496

142,653

143,753

133,940

155,029

-17,910

-16,428

-14,658

-19,190

-19,268

-14,436

-15,009

-9,742

-9,738

-13,957

-11,837

-11,470

-9,979

-9,281

-10,577

-5,995

-2,188

-9,730

-12,189

-18,904

-21,175

-31,723

-22,671

-15,418

-15,148

3,132

326,316

0

0

0

Effect of exchange rate changes on cash, cash equivalents and restricted cash

-

-

-

-

-

-

-

-

-

-

433

-1,516

709

2,121

-899

-547

-9,402

-10,201

-9,576

-8,795

-4,141

-2,496

659

-1,321

-1,246

-355

62

-249

-46

620

-1,882

-671

0

0

0

-

-

-

-

Effect of exchange rate changes on cash, cash equivalents and restricted cash

-

-

-971

-

-

-

-40,818

-7,965

2,403

-31,403

2,061

-41,686

-37,079

14,898

-6,805

-9,204

-11,187

-20,457

2,104

21,134

22,949

28,762

31,895

28,794

38,951

36,958

31,735

22,379

8,613

3,218

-17,974

-29,798

-15,425

-2,471

22,696

51,266

0

0

0

Change in cash, cash equivalents and restricted cash

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-