Gentherm incorporated (THRM)
CashFlow / TTM
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

40,965

37,506

39,681

23,439

37,347

41,899

24,028

30,937

22,791

35,227

66,505

80,174

90,107

76,598

78,976

86,418

87,466

95,393

86,808

76,431

73,360

70,119

61,221

52,698

41,803

35,133

29,908

26,816

28,133

24,321

28,147

23,993

17,966

11,203

0

0

0

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

43,600

44,246

45,198

47,032

48,798

50,638

51,030

49,604

47,672

44,972

42,703

41,408

39,792

37,764

35,630

33,253

31,734

31,029

33,587

34,421

35,015

35,029

32,347

31,450

30,788

31,249

31,357

31,065

31,040

30,627

30,565

32,480

30,413

23,282

0

0

0

Deferred income taxes

2,589

3,617

11,790

11,568

9,155

6,699

14,175

5,614

3,752

5,135

-15,969

-7,414

-2,994

-8,843

1,618

347

-3,401

-711

-9,071

-9,559

-11,782

-11,103

-5,960

-7,016

-3,185

-2,121

-3,971

-1,680

-943

618

1,387

-2,001

-1,374

-599

0

0

0

Revaluation of derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

622

490

726

972

806

1,039

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Stock based compensation

6,227

6,253

7,955

8,275

8,813

9,047

10,308

11,809

12,406

12,507

10,889

9,442

9,671

9,186

8,187

7,540

6,478

6,018

5,890

5,410

5,140

4,652

4,224

3,863

3,015

2,636

2,202

1,733

1,451

1,252

1,419

1,959

2,008

2,073

0

0

0

Defined benefit plan expense (income)

132

-570

-453

-514

-833

82

-338

-220

291

-23

129

161

123

184

535

680

722

668

1,137

897

810

820

-533

-526

-605

-659

194

152

102

50

-40

-10

86

266

0

0

0

Allowance for credit losses

575

353

-39

340

187

-1

131

-271

-374

-469

-630

-160

-520

108

-44

-98

329

-120

-167

606

153

24

-574

-1,027

-1,143

-705

0

0

0

-

-

-

-

-

-

-

-

Excess tax benefit from equity awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

0

0

0

-

-

-

-

Loss on sale of property and equipment

-403

-462

-648

-673

-2,695

-2,602

-2,447

-2,949

-1,024

-1,042

-1,045

-463

-542

-468

-352

-315

-57

-20

112

-62

-99

-131

-260

-150

-127

-106

-550

-483

-566

-555

0

0

0

-

-

-

-

Operating lease expense

6,491

6,173

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment loss

-

22,793

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of business

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain from equity investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

785

903

1,024

1,045

436

464

346

292

-82

0

0

0

-

-

-

-

Gain on revaluation of financial derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

Changes in assets and liabilities:
Accounts receivable

-12,603

-6,801

-10,709

-16,472

-4,422

-3,024

2,241

4,487

-10,242

-6,033

717

12,252

9,965

17,971

10,792

8,356

18,311

12,399

16,154

16,157

11,743

16,902

19,412

19,256

27,216

13,828

21,245

19,147

20,551

18,367

12,166

21,034

11,498

12,639

0

0

0

Inventory

4,034

3,859

9,691

7,670

9,821

7,689

3,451

3,866

38

4,348

4,693

11,408

7,117

5,933

12,772

-103

6,415

10,954

8,196

17,824

14,586

8,367

4,776

1,741

9,570

9,600

10,421

9,251

2,922

5,847

2,970

5,313

6,622

4,624

0

0

0

Other assets

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other assets

-

-

-

-

-

-

0

0

10,723

-

-5,725

-10,849

-4,242

-9,106

6,983

11,338

8,845

11,122

-1,056

5,586

3,990

5,871

15,228

12,314

13,721

9,446

-1,578

428

3,080

3,228

5,203

5,322

-460

-1,937

0

0

0

Accounts payable

5,366

-10,253

907

-7,688

9,011

12,380

8,118

5,781

-7,495

-7,691

-9,522

-262

-879

4,419

12,835

-3,350

-1,081

8,049

639

21,416

19,680

6,956

15,044

2,473

21,213

18,255

8,416

16,304

1,047

1,788

-286

6,472

1,241

4,722

0

0

0

Other liabilities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued liabilities

-

-

-

-

-

-

0

0

-2,742

-

-42,705

-47,659

-42,742

3,314

11,333

20,530

23,711

8,922

4,801

5,226

-2,573

5,301

12,001

11,012

10,302

11,888

-2,302

-501

3,067

4,314

16,088

10,176

7,104

3,266

0

0

0

Net cash provided by operating activities

141,341

118,803

131,885

126,299

119,725

118,434

105,050

76,308

76,806

49,880

52,760

63,342

80,716

108,400

109,387

116,113

102,231

104,712

101,220

95,741

92,320

80,335

76,628

57,725

46,599

59,794

36,958

46,331

40,438

36,865

56,116

44,691

38,630

34,227

0

0

0

Investing Activities:
Fund restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Proceeds from the sale of property and equipment

225

219

0

0

0

-

-

-

-

-

-

-

-

57

67

50

85

248

617

668

624

487

100

46

54

11

27

31

27

40

0

0

0

-

-

-

-

Proceeds from divestiture of business

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

48,567

0

0

0

-

-

-

-

-

-

-

0

Acquisition of business, net of cash acquired

-

-

-

-

-

15

65,009

65,009

65,009

66,994

0

0

0

-

-

-

-

-107

-218

-218

30,893

31,474

0

0

0

-

-

-

-

-

-

-

-

-

-

-

0

Acquisition of intangible assets

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

860

-644

-367

37

0

0

0

Loan to equity investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

590

0

0

0

-

-

-

-

Maturities of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Purchases of property and equipment

21,810

23,729

28,066

32,427

38,313

41,541

45,419

47,173

45,611

50,785

52,755

61,238

62,858

66,316

70,504

63,289

62,097

55,490

47,625

46,427

42,521

38,887

32,835

33,318

36,514

35,861

41,465

36,699

29,880

26,793

22,156

15,515

12,969

10,636

0

0

0

Net cash (used in) provided by investing activities

-42,876

5,840

4,844

-220

10,014

-40,757

-109,675

-111,427

-110,529

-117,688

-59,188

-67,587

-142,898

-144,338

-151,469

-144,344

-69,451

-62,728

-46,790

-45,541

-72,790

-69,874

-66,206

-67,017

-45,619

-84,683

-86,795

-83,964

-78,433

-35,395

-33,255

-24,135

54,714

-115,961

0

0

0

Financing Activities:
Borrowing of debt

196,930

37,812

0

0

0

-

-

-

-

-

-

-

-

115,000

0

0

0

-

-

-

-

91,592

88,338

12,844

18,683

45,669

48,963

49,525

43,726

3,326

4,371

1,166

70,209

138,168

0

0

0

Repayments of debt

63,483

96,999

107,299

113,838

113,595

99,460

62,460

65,470

54,221

27,156

35,782

18,754

50,225

42,244

33,265

34,170

3,830

5,053

6,944

70,023

74,396

79,692

82,434

26,680

26,279

24,496

22,770

17,836

24,522

22,953

0

0

0

-

-

-

-

Excess tax expense from equity awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distribution paid to non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

290

0

0

0

-

-

-

-

Cash paid for financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

649

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,493

0

0

0

Cash paid for the cancellation of restricted stock

1,430

1,402

1,519

1,232

905

1,188

1,619

1,619

1,570

1,837

1,100

1,503

1,329

1,196

1,196

1,801

1,801

1,475

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the sale of Series C Convertible Preferred Stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

61,403

0

0

0

Proceeds from the sale of embedded derivatives

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,610

0

0

0

Excess tax benefit from equity awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,831

0

0

0

-

-

-

-

171

0

0

0

-

-

-

-

Series C Preferred Stock Holders dividend

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

696

-5,798

2,569

10,613

2,400

0

0

0

-

-

-

-

Proceeds from the exercise of Common Stock options

22,245

16,557

14,594

14,582

14,240

14,777

14,383

5,660

2,625

2,755

2,834

2,933

2,115

1,438

3,843

5,717

7,451

9,273

7,362

7,892

7,568

7,176

8,182

5,796

4,948

4,801

2,942

2,845

1,990

774

2,820

2,758

2,984

3,345

0

0

0

Revolving note borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Proceeds from public offering of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

75,532

0

0

0

-

-

-

-

Cash paid for the repurchase of Common Stock

64,335

63,283

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

88,649

-108,593

-131,316

-154,589

-151,267

-139,266

-95,847

-71,943

-58,492

-31,564

8,413

30,518

-1,544

79,858

48,916

63,930

97,466

24,426

10,738

12,425

8,248

18,655

18,847

-2,215

722

18,903

11,282

7,653

-11,522

32,477

35,378

38,148

7,148

85,548

0

0

0

Foreign currency effect

-2,939

-2,722

-4,861

-666

-7,685

-1,963

-2

8,242

28,790

25,357

12,828

5,897

-12,923

-11,212

-3,193

-5,335

729

-7,631

-1,165

-4,136

108

1,699

0

0

0

-

-

-

3,107

-366

11,294

7,515

4,247

6,559

0

0

0

Net increase in cash, cash equivalents and restricted cash

184,175

13,328

552

-29,176

-29,213

-63,552

-100,474

-98,820

-63,425

-74,015

14,813

32,170

-76,649

32,708

3,641

30,364

130,975

58,779

64,003

58,489

21,930

30,815

29,166

-6,247

9,674

-3,267

-36,276

-27,893

-52,624

34,313

55,217

49,659

94,017

-2,745

0

0

0

Supplemental disclosure of cash flow information:
Cash paid for taxes

11,067

11,008

10,580

8,581

19,755

23,159

28,836

36,010

31,993

76,741

70,585

67,039

63,884

21,608

26,689

26,392

26,950

32,376

32,445

31,251

31,835

21,756

17,333

17,855

14,496

11,326

9,941

7,473

9,428

8,445

0

0

0

-

-

-

-

Cash paid for interest

3,747

4,462

4,847

5,131

5,298

5,027

4,986

4,958

4,663

4,540

4,237

3,693

3,429

3,029

3,369

3,462

2,769

2,826

1,988

2,140

2,348

2,558

2,394

2,593

2,904

2,653

3,007

2,767

3,145

3,545

4,428

4,664

4,831

3,963

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

42,517

0

0

0

-

-

-

-

-

-

-

-

Issuance of Common Stock for Series C Preferred Stock conversion

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,108

0

0

0

-

-

-

-

-

-

-

-

Common Stock issued to Board of Directors and employees

-

-

-

-

-

-

0

0

6,535

-

4,955

4,386

4,730

4,589

4,954

4,777

4,045

3,734

2,967

2,765

2,884

2,706

2,507

2,465

1,735

1,509

1,143

654

551

429

0

0

0

-

-

-

-