Gentherm incorporated (THRM)
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'11
Operating Activities:
Net income

11,873

10,454

15,887

2,751

8,414

12,629

-355

16,659

12,966

-5,242

6,554

8,513

25,402

26,036

20,223

18,446

11,893

28,414

27,665

19,494

19,820

19,829

17,288

16,423

16,579

10,931

8,765

5,528

9,909

5,706

5,673

6,845

6,097

9,532

1,519

818

-666

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

10,406

10,965

11,064

11,165

11,052

11,917

12,898

12,931

12,892

12,309

11,472

10,999

10,192

10,040

10,177

9,383

8,164

7,906

7,800

7,864

7,459

10,464

8,634

8,458

7,473

7,782

7,737

7,796

7,934

7,890

7,445

7,771

7,521

7,828

9,360

5,704

390

Deferred income taxes

721

-1,455

2,002

1,321

1,749

6,718

1,780

-1,092

-707

14,194

-6,781

-2,954

676

-6,910

1,774

1,466

-5,173

3,551

503

-2,282

-2,483

-4,809

15

-4,505

-1,804

334

-1,041

-674

-740

-1,516

1,250

63

821

-747

-2,138

690

1,596

Revaluation of derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

456

-461

801

-174

324

-225

1,047

-340

557

-

-

-

-

-

-

-

-

-

-

-

-

Stock based compensation

1,942

985

1,977

1,323

1,968

2,687

2,297

1,861

2,202

3,948

3,798

2,458

2,303

2,330

2,351

2,687

1,818

1,331

1,704

1,625

1,358

1,203

1,224

1,355

870

775

863

507

491

341

394

225

292

508

934

274

357

Defined benefit plan expense (income)

85

184

-55

-82

-617

301

-116

-401

298

-119

2

110

-16

33

34

72

45

384

179

114

-9

853

-61

27

1

-500

-54

-52

-53

353

-96

-102

-105

263

-66

-6

75

Allowance for credit losses

451

144

-336

316

229

-248

43

163

41

-116

-359

60

-54

-277

111

-300

574

-429

57

127

125

-476

830

-326

-4

-1,074

377

-442

434

-

-

-

-

-

-

-

-

Excess tax benefit from equity awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,173

-

-

-

-

-

509

609

459

-

-

-

-

Loss on sale of property and equipment

-119

-143

-92

-49

-178

-329

-117

-2,071

-85

-174

-619

-146

-103

-177

-37

-225

-29

-61

0

33

8

71

-174

-4

-24

-58

-64

19

-3

-502

3

-64

8

-

-

-

-

Operating lease expense

1,651

1,696

1,574

1,570

1,333

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment loss

-

1,587

837

9,885

10,484

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of business

-

-

0

0

4,970

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain from equity investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

785

118

121

21

176

146

3

-33

-198

-

-

-

-

Gain on revaluation of financial derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,244

-

25

-1,432

2,471

-

-

-

-

Changes in assets and liabilities:
Accounts receivable

2,491

-12,971

2,149

-4,272

8,293

-16,879

-3,614

7,778

9,691

-11,614

-1,368

-6,951

13,900

-4,864

10,167

-9,238

21,906

-12,043

7,731

717

15,994

-8,288

7,734

-3,697

21,153

-5,778

7,578

4,263

7,765

1,639

5,480

5,667

5,581

-4,562

14,348

-3,869

6,722

Inventory

404

-1,653

7,162

-1,879

229

4,179

5,141

272

-1,903

-59

5,556

-3,556

2,407

286

12,271

-7,847

1,223

7,125

-604

-1,329

5,762

4,367

9,024

-4,567

-457

776

5,989

3,262

-427

1,597

4,819

-3,067

2,498

-1,280

7,162

-1,758

500

Other assets

4,805

-

-

-

5,553

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other assets

-

-

-

-

-

-

-4,227

7,213

4,881

-

-4,592

-1,345

6,492

-6,280

-9,716

5,262

1,628

9,809

-5,361

2,769

3,905

-2,369

1,281

1,173

5,786

6,988

-1,633

2,580

1,511

-4,036

373

5,232

1,659

-2,061

492

-550

182

Accounts payable

13,540

-7,156

6,431

-7,449

-2,079

4,004

-2,164

9,250

1,290

-258

-4,501

-4,026

1,094

-2,089

4,759

-4,643

6,392

6,327

-11,426

-2,374

15,522

-1,083

9,351

-4,110

2,798

7,005

-3,220

14,630

-160

-2,834

4,668

-627

581

-4,908

11,426

-5,858

4,062

Other liabilities

-3,669

-

-

-

-6,785

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued liabilities

-

-

-

-

-

-

9,322

774

-10,808

-

-1,952

293

-38,237

-2,809

-6,906

5,210

7,819

5,210

2,291

8,391

-6,970

1,089

2,716

592

904

7,789

1,727

-118

2,490

-6,401

3,528

3,450

3,737

5,373

-2,384

378

-101

Net cash provided by operating activities

29,419

34,811

43,584

33,527

6,881

47,893

37,998

26,953

5,590

34,509

9,256

27,451

-21,336

37,389

19,838

44,825

6,348

38,376

26,564

30,943

8,829

34,884

21,085

27,522

-3,156

31,177

2,182

16,396

10,039

8,341

11,555

10,503

6,466

27,592

130

4,442

2,063

Investing Activities:
Fund restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-181,530

182,002

Proceeds from the sale of property and equipment

34

82

55

54

28

-

-

-

-

-

-

-

-

12

18

9

18

22

1

44

181

391

52

0

44

4

-2

8

1

20

2

4

14

-

-

-

-

Proceeds from divestiture of business

-

-

-

-

47,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,732

8

6,525

40,302

-

-

-

-

-

-

-

-3,754

Acquisition of business, net of cash acquired

-

-

-

-

-

0

0

0

15

64,994

0

0

2,000

-

-

-

-

-154

0

0

47

-265

0

31,111

628

-

-

-

-

-

-

-

-

-

-

-

699

Acquisition of intangible assets

3,141

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,708

22

14

-884

204

299

418

Loan to equity investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

240

0

350

-

-

-

-

Maturities of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

9,761

Purchases of property and equipment

3,231

5,389

5,316

7,874

5,150

9,726

9,677

13,760

8,378

13,604

11,431

12,198

13,552

15,574

19,914

13,818

17,010

19,762

12,699

12,626

10,403

11,897

11,501

8,720

6,769

5,845

11,984

11,916

6,116

11,449

7,218

5,097

3,029

6,812

577

2,551

696

Net cash (used in) provided by investing activities

-6,338

-8,634

-4,608

-23,296

42,378

-9,630

-9,672

-13,062

-8,393

-78,548

-11,424

-12,164

-15,552

-20,048

-19,823

-87,475

-16,992

-27,179

-12,698

-12,582

-10,269

-11,241

-11,449

-39,831

-7,353

-7,573

-12,260

-18,433

-46,417

-9,685

-9,429

-12,902

-3,379

-7,545

-309

65,947

-174,054

Financing Activities:
Borrowing of debt

169,546

8,342

1,099

17,943

10,428

-

-

-

-

-

-

-

-

40,000

0

0

75,000

-

-

-

-

0

78,137

0

13,455

-3,254

2,643

5,839

40,441

40

3,205

40

41

1,085

0

69,083

68,000

Repayments of debt

16,111

27,950

7,929

11,493

49,627

38,250

14,468

11,250

35,492

1,250

17,478

1

8,427

9,876

450

31,472

446

897

1,355

1,132

1,669

2,788

64,434

5,505

6,965

5,530

8,680

5,104

5,182

3,804

3,746

11,790

3,613

-

-

-

-

Excess tax expense from equity awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

108

0

-385

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distribution paid to non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

117

173

-

-

-

-

Cash paid for financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

0

0

650

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

336

126

141

3,890

Cash paid for the cancellation of restricted stock

404

189

287

550

376

306

0

223

659

737

0

174

926

0

403

0

793

0

1,008

0

467

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the sale of Series C Convertible Preferred Stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-538

-2,573

64,514

Proceeds from the sale of embedded derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,610

Excess tax benefit from equity awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,173

-151

1,982

2,173

-

-

-

-

-1,406

509

609

459

-

-

-

-

Series C Preferred Stock Holders dividend

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,446

197

677

8,268

-14,940

8,564

8,721

55

-

-

-

-

Proceeds from the exercise of Common Stock options

5,902

2,678

9,108

4,557

214

715

9,096

4,215

751

321

373

1,180

881

400

472

362

204

2,805

2,346

2,096

2,026

894

2,876

1,772

1,634

1,900

490

924

1,487

41

393

69

271

2,087

331

295

632

Revolving note borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,011

Proceeds from public offering of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45

-60

0

75,547

-

-

-

-

Cash paid for the repurchase of Common Stock

9,092

5,243

25,000

25,000

8,040

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

149,841

-22,362

-23,009

-15,821

-47,401

-45,085

-46,282

-12,499

-35,400

-1,666

-22,378

952

-8,472

38,311

-273

-31,110

72,930

7,369

14,741

2,426

-110

-6,319

16,428

-1,751

10,297

-6,127

-4,634

1,186

28,478

-13,748

-8,263

-17,989

72,477

-10,847

-5,493

-48,989

150,877

Foreign currency effect

-426

1,429

-4,444

502

-209

-710

-249

-6,517

5,513

1,251

7,995

14,031

2,080

-11,278

1,064

-4,789

3,791

-3,259

-1,078

1,275

-4,569

3,207

-4,049

5,519

-2,978

-

-

-

2,275

-965

-1,122

2,919

-1,198

10,695

-4,901

-349

1,114

Net increase in cash, cash equivalents and restricted cash

172,496

5,244

11,523

-5,088

1,649

-7,532

-18,205

-5,125

-32,690

-44,454

-16,551

30,270

-43,280

44,374

806

-78,549

66,077

15,307

27,529

22,062

-6,119

20,531

22,015

-14,497

2,766

18,882

-13,398

1,424

-10,175

-14,127

-5,015

-23,307

76,762

6,777

-10,573

21,051

-20,000

Supplemental disclosure of cash flow information:
Cash paid for taxes

3,525

4,332

3,154

56

3,466

3,904

1,155

11,230

6,870

9,581

8,329

7,213

51,618

3,425

4,783

4,058

9,342

8,506

4,486

4,616

14,768

8,575

3,292

5,200

4,689

4,152

3,814

1,841

1,519

2,767

1,346

3,796

536

-

-

-

-

Cash paid for interest

537

1,025

725

1,460

1,252

1,410

1,009

1,627

981

1,369

981

1,332

858

1,066

437

1,068

458

1,406

530

375

515

568

682

583

725

404

881

894

474

758

641

1,272

874

1,641

877

1,439

6

Supplemental disclosure of non-cash transactions:
Issuance of Common Stock to non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-17

42,534

-

-

-

-

-

-

-

-

Issuance of Common Stock for Series C Preferred Stock conversion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

6,832

6,621

1,655

-

-

-

-

-

-

-

-

Common Stock issued to Board of Directors and employees

-

-

-

-

-

-

1,474

1,057

1,362

-

1,644

1,104

1,125

1,082

1,075

1,448

984

1,447

898

716

673

680

696

835

495

481

654

105

269

115

165

2

147

-

-

-

-