TENNANT COMPANY TNC Cash Flow

Tennant company (TNC)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
OPERATING ACTIVITIES
Net Earnings Including Noncontrolling Interest
45,900	33,500	-6,200	46,614	32,088	50,651	40,231	41,584	32,713	34,803	-26,241
Adjustments to reconcile Net Earnings (Loss) to Net Cash Provided by Operating Activities:
Depreciation
32,200	32,300	26,200	17,891	16,550	17,694	17,686	18,072	18,088	18,026	19,632
Amortization of Intangible Assets
22,200	22,100	17,100	409	1,481	2,369	2,560	2,800	3,330	3,166	3,171
Amortization of Debt Issuance Costs
1,300	2,400	1,800	0	0	-	-	-	-	-	-
Debt Issuance Cost Charges Related to Short-Term Financing
0	0	6,200	0	0	-	-	-	-	-	-
Fair Value Step-Up Adjustment to Acquired Inventory
900	0	7,200	0	0	-	-	-	-	-	-
Impairment of Long-Lived Assets
-	-	-	-	11,199	0	0	-	-	-	-
Impairment of Intangible Assets
-	-	-	-	-	-	-	-	2,058	0	0
Goodwill Impairment Charge
-	-	-	-	-	-	-	-	-	-	43,363
Deferred Income Taxes
-9,600	-10,900	-6,100	-1,172	-1,129	129	5,622	3,166	-1,352	-11,412	-1,433
Share-Based Compensation Expense
11,400	8,300	5,900	3,875	8,222	7,314	6,116	9,092	5,407	4,639	2,291
ESOP Income
-	-	-	-	-	-	-	-	-	-	426
Tax Benefit on ESOP
-	-	-	-	-	-	-	-	-	-	-6
Allowance for Doubtful Accounts and Returns
2,500	800	1,600	468	1,089	1,504	1,279	1,427	1,879	1,403	1,253
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability
-2,300	0	0	-	-	-	-	-	-	-	-
Note Receivable Writedown
2,700	0	0	-	-	-	-	-	-	-	-
Discontinuation of Product Lines
3,300	0	0	-	-	-	-	-	-	-	-
Loss on Sale of Business
-	-	-	-	0	0	-	784	0	0	-
Other, Net
-1,100	400	-400	196	100	-24	-219	126	-508	-503	77
Changes in Operating Assets and Liabilities, Net of Assets Acquired:
Receivables, Net
8,500	7,600	14,400	9,278	-4,547	18,811	7,618	11,811	4,451	7,931	-1,889
Inventories
21,100	16,600	2,900	-23	10,190	21,155	11,967	149	7,665	4,391	-10,476
Accounts Payable
-7,500	4,600	10,800	-3,904	-10,455	10,192	6,120	970	4,612	-1,445	16,409
Employee Compensation and Benefits
4,500	12,700	-4,000	124	716	1,927	-4,178	-3,005	1,177	1,162	4,015
Other Current Liabilities
-1,400	-700	11,100	-185	-402	2,782	5,552	1,549	1,711	6,058	-5,288
Income Taxes
-	-	-	5,427	-4,283	3,466	-248	797	1,668	-1,716	4,320
U.S. Pension Plan Contributions
-	-	-	-	-	-	-	16,731	0	0	-
Other Assets and Liabilities
5,700	500	500	2,218	4,101	-1,276	1,560	-715	2,774	335	-973
Net Cash Provided by Operating Activities
71,900	80,000	54,200	57,878	45,232	59,362	59,814	47,566	56,909	42,530	75,185
INVESTING ACTIVITIES
Purchases of Property, Plant and Equipment
38,400	18,800	20,400	26,526	24,780	19,583	14,775	15,623	13,902	10,529	11,483
Proceeds from Sale of Property, Plant, and Equipment
100	100	2,500	615	336	291	120	1,028	601	595	311
Proceeds from Principal Payments Received on Long-Term Note Receivable
2,900	1,400	700	0	0	-	-	-	-	-	-
Origination of Notes Receivable from Unrelated Parties
0	0	1,500	2,000	0	0	-	-	-	-	-
Acquisition of Businesses, Net of Cash, Cash Equivalents and Restricted Cash Acquired
19,700	0	354,100	12,933	0	0	750	750	2,917	86	2,162
Purchase of Intangible Assets
500	2,800	2,500	0	0	-	-	-	-	-	-
Proceeds from Sale of Business
0	4,000	0	285	1,185	1,416	4,261	1,014	0	0	-
(Increase) Decrease in Restricted Cash
-	-	-	-	322	-6	253	-3,089	3,279	0	0
Net Cash Used in Investing Activities
-55,600	-16,100	-375,300	-40,559	-23,581	-17,870	-11,397	-11,242	-19,497	-10,020	-13,334
FINANCING ACTIVITIES
Proceeds from Short-Term Debt
-	-	-	0	0	-	1,500	0	-	-	-
Repayments of Short-term Debt
-	-	-	0	0	1,500	0	0	-	-	-
Proceeds from Credit Facility Borrowings
25,000	14,900	743,000	15,000	0	0	-	-	-	-	-
Repayments of Debt
41,800	38,300	399,300	-	-	-	-	-	-	-	-
Long-Term Note Receivable from Sale of Business
-	-	-	5,489	0	0	-	-	-	-	-
Change in Finance Lease Obligations
200	0	-300	-	-	-	-	-	2,893	2,398	5,784
Payment of Short-Term Borrowings
-	-	-	-	-	-	-	-	0	-7	3
Payments of Long-Term Debt
-	-	-	3,460	3,445	2,016	1,096	2,986	19,272	4,192	67,212
Payments of Debt Issuance Costs
0	0	16,500	0	0	-	-	-	-	-	-
Proceeds from Long-term Capital Lease Obligations
-	-	-	0	0	-	-	-	-	-	-
Issuance of Long-Term Debt
-	-	-	-	-	-	-	-	20,000	0	82
Purchases of Common Stock
-	-	-	12,762	45,998	14,097	22,157	25,343	17,603	3,153	0
Proceeds from Issuance of Common Stock
6,100	5,900	6,900	5,271	1,677	2,269	8,313	4,167	4,214	6,467	914
Excess Tax Benefit on Stock Plans
-	-	-	686	859	1,793	5,178	2,047	1,266	1,724	114
Payments to Noncontrolling Interests
500	0	0	0	0	-	-	-	-	-	-
Dividends Paid
16,000	15,300	15,000	14,293	14,498	14,487	13,233	12,817	12,852	11,181	9,861
Principal Payment from ESOP
-	-	-	-	-	-	-	-	-	-	-1,892
Net Cash (Used in) Provided by Financing Activities
-27,400	-32,800	319,400	-9,558	-61,405	-28,038	-21,495	-34,932	-24,247	-10,342	-74,068
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash
-400	-4,000	2,200	-1,150	-1,908	-1,476	122	209	-355	-701	994
Net Decrease in Cash, Cash Equivalents and Restricted Cash
-11,500	27,100	500	6,611	-41,662	11,978	27,044	1,601	12,810	21,467	-11,223
Supplemental Disclosure of Cash Flow Information:
Cash Paid for:
Cash Paid for Income Taxes
21,700	11,100	13,500	14,172	23,421	11,342	13,458	11,563	13,158	13,908	-4,319
Cash Paid for Interest
19,700	22,400	14,200	1,135	1,167	1,470	1,602	2,375	2,059	1,559	2,779
Supplemental Non-cash Investing and Financing Activities:
Capital Expenditures in Accounts Payable
3,900	2,300	2,200	2,045	1,830	1,197	1,090	1,582	2,669	689	805
Collateralized Borrowings
-	-	-	-	-	-	-	-	-	471	1,342
Notes Payable Related to Water Star, Inc. Acquisition
-	-	-	-	-	-	-	-	1,500	0	0