TENNANT COMPANY TNC Cash Flow

Tennant company (TNC)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
OPERATING ACTIVITIES
Net Earnings Including Noncontrolling Interest
5,200	11,100	14,600	14,800	5,400	7,700	9,700	12,800	3,300	-3,183	3,596	-2,656	-3,957	15,370	11,477	15,328	4,439	13,196	-951	14,817	5,026	17,541	11,792	15,523	5,795	10,301	10,617	14,254	5,059	13,844	8,745	13,671	5,324	11,264	9,728	5,855	5,866
Adjustments to reconcile Net Earnings (Loss) to Net Cash Provided by Operating Activities:
Depreciation
8,100	8,200	8,100	7,900	8,000	8,200	7,800	8,600	7,700	7,685	7,472	6,550	4,493	4,741	4,495	4,399	4,256	4,586	3,809	4,033	4,122	4,508	4,368	4,391	4,427	4,508	4,320	4,366	4,492	4,833	4,302	4,473	4,464	5,288	4,136	4,273	4,391
Amortization of Intangible Assets
5,000	5,600	5,100	5,800	5,700	4,700	5,700	5,800	5,900	5,670	7,650	3,536	244	86	99	112	112	113	332	516	520	557	589	612	611	646	633	637	644	704	664	656	776	797	829	872	832
Amortization of Debt Issuance Costs
400	300	400	200	400	500	600	800	500	904	430	466	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred Income Taxes
-2,500	-6,900	1,500	-5,500	1,300	-1,000	-2,000	-11,000	3,100	-1,252	1,184	-3,382	-2,650	-496	957	-1,124	-509	3,032	-2,407	-1,959	205	-3,007	-828	90	3,874	5,626	-1,902	361	1,537	3,897	540	-273	-998	-2,297	-2,304	1,178	2,071
Share-Based Compensation Expense
2,800	2,700	3,700	1,700	3,300	2,300	1,900	1,400	2,700	985	1,293	1,049	2,573	-1,872	1,321	1,789	2,637	1,642	1,691	2,182	2,707	2,053	1,505	2,216	1,540	1,010	1,667	1,732	1,707	1,917	3,264	2,221	1,690	1,838	1,079	1,191	1,299
Allowance for Doubtful Accounts and Returns
100	900	700	800	100	0	-100	200	700	617	286	446	251	-311	173	700	-94	-337	180	1,107	139	256	472	347	429	126	450	390	313	-101	380	862	286	1,132	105	313	329
Loss on Sale of Business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-87	-62	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, Net
-300	-1,800	800	100	-200	-100	800	-200	-100	-225	-111	-46	-18	-222	355	123	-60	-2	28	29	45	-69	58	-22	9	-64	-154	4	-5	256	-149	44	-25	-908	15	391	-6
Changes in Operating Assets and Liabilities, Net of Assets Acquired:
Receivables, Net
-15,900	7,700	-15,500	17,100	-800	7,300	-6,500	6,400	400	13,876	-5,492	18,435	-12,419	15,030	-18,066	21,656	-9,342	2,146	-8,410	17,877	-16,160	12,734	-12,572	14,526	4,123	1,067	-4,963	17,453	-5,939	13,567	5,782	-12,645	5,107	7,123	9,921	-8,650	-3,943
Inventories
11,600	-10,300	8,300	2,800	20,300	-2,900	2,500	6,200	10,800	-6,966	12	1,223	8,631	-4,896	932	-1,701	5,642	-4,522	3,710	1,473	9,529	-565	8,512	5,916	7,292	169	4,262	439	7,097	-2,948	10,375	-4,427	-2,851	25,126	-7,188	-6,848	-3,425
Accounts Payable
4,300	-5,200	-2,800	2,500	-2,000	6,400	-11,600	4,100	5,700	5,053	-443	4,308	1,882	2,511	-6,026	3,694	-4,083	-5,735	-1,280	-35	-3,405	4,313	-1,661	5,892	1,648	3,294	-3,319	329	5,816	3,318	-6,326	5,154	-1,176	-6,665	-3,238	9,316	5,199
Employee Compensation and Benefits
-20,800	5,300	3,600	9,200	-13,600	8,500	500	-700	4,400	5,462	-1,200	5,368	-13,630	5,572	340	3,375	-9,163	-1,638	8,324	2,925	-8,895	172	7,226	-764	-4,707	-1,558	6,255	-139	-8,736	-238	5,671	1,872	-10,310	1,043	6,239	3,331	-9,436
Other Current Liabilities
2,600	-600	1,300	-2,400	300	-500	4,100	-5,300	1,000	1,081	4,767	3,553	1,699	2,912	839	2,566	-6,502	470	2,302	2,587	-5,761	2,566	2,454	1,132	-3,370	3,836	-109	2,294	-469	1,633	1,630	1,342	-3,056	-722	2,971	4,461	-4,999
Income Taxes
-	-	-	-	-	-	-	-	-	-	5,766	-104	-1,513	3,179	-4,495	6,364	379	-3,458	-2,493	3,935	-2,267	3,329	-2,682	5,129	-2,310	-1,188	-812	3,599	-1,847	-4,105	4,047	-2,622	3,477	40	1,512	3,191	-3,075
U.S. Pension Plan Contributions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,019	-442	0	-846	-	-	-	-
Other Assets and Liabilities
1,100	2,900	3,500	-1,900	1,200	-3,900	2,200	800	1,400	-11,134	4,020	3,307	4,307	-2,965	5,041	-1,619	1,761	-79	1,047	2,034	1,099	-2,349	920	-273	426	2,423	-2,929	1,966	100	-4,900	3,832	5,145	-4,792	6,342	-496	-722	-2,350
Net Cash Provided by Operating Activities
8,700	25,700	35,300	22,500	-11,600	36,400	17,600	20,500	5,500	22,077	34,618	8,614	-11,109	24,596	20,841	18,908	-6,467	14,328	24,331	8,695	-2,122	22,537	26,317	14,421	-3,913	23,006	21,584	7,961	7,263	4,284	30,739	15,473	-2,930	20,890	23,309	19,957	-7,247
INVESTING ACTIVITIES
Purchases of Property, Plant and Equipment
12,400	10,100	2,900	4,900	20,500	6,100	5,000	4,200	3,500	4,161	7,094	4,472	4,673	4,027	7,730	7,949	6,820	10,183	7,003	3,465	4,129	6,107	6,065	3,900	3,511	3,395	4,188	3,175	4,017	4,513	3,628	3,263	4,219	6,239	3,640	2,389	1,634
Proceeds from Sale of Property, Plant, and Equipment
100	-	-	-	0	-	-	-	-	44	28	2,375	53	56	132	362	65	79	67	104	86	56	117	78	40	23	37	21	39	748	-254	396	138	116	230	80	175
Proceeds from Principal Payments Received on Long-Term Note Receivable
0	2,800	0	0	100	600	100	500	200	200	500	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Origination of Notes Receivable from Unrelated Parties
-	-	-	-	-	-	-	-	-	0	0	0	1,500	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of Businesses, Net of Cash, Cash Equivalents and Restricted Cash Acquired
0	10,800	0	17,900	-9,000	0	0	0	0	565	0	353,231	304	575	12,358	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of Intangible Assets
100	0	100	200	200	200	1,400	200	1,000	0	0	0	2,500	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Sale of Business
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	285	-3	1,188	0	0	-	-	-	-	741	2,821	0	699	0	1,014	0	0	-	-	-	-
(Increase) Decrease in Restricted Cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	1	-121	3	301	5	13	-18	0	10	2	29	-4	228	0	-	-	-	-	-	-	-	-
Net Cash Used in Investing Activities
-12,400	-18,100	-2,900	-5,000	-29,600	-5,700	-2,300	-3,800	-4,300	-4,482	-6,566	-355,328	-8,924	-6,662	-19,960	-7,588	-6,349	-10,110	-6,049	-3,366	-4,056	-6,035	-4,530	-3,832	-3,473	-2,660	-1,326	-4,132	-3,279	-3,765	-1,470	-1,926	-4,081	-9,403	-3,410	-5,225	-1,459
FINANCING ACTIVITIES
Repayments of Short-term Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,500	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Credit Facility Borrowings
125,000	0	0	12,000	13,000	14,900	0	0	0	303,000	0	420,000	20,000	0	15,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of Debt
300	3,900	12,000	17,900	8,000	8,100	12,100	14,200	3,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-Term Note Receivable from Sale of Business
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	5,489	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in Finance Lease Obligations
100	0	100	200	-100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	272	1,332	747	542
Payment of Short-Term Borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Payments of Long-Term Debt
-	-	-	-	-	-	-	-	-	-	22,791	47,320	11,151	8	8	1,436	2,008	16	0	1,429	2,000	1	2	7	2,006	158	205	305	428	536	686	797	967	1,173	5,831	11,334	934
Proceeds from Long-term Capital Lease Obligations
-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of Long-Term Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	10,000	10,000
Purchases of Common Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	5,710	7,052	6,875	24,894	10,094	4,135	488	0	10,053	3,556	5,531	4,485	4,626	7,515	6,776	3,286	11,172	4,109	469	7,975	9,159	0
Proceeds from Issuance of Common Stock
2,400	3,300	1,600	600	600	200	2,000	2,900	800	2,172	885	2,188	1,655	2,378	1,697	692	504	696	179	252	550	619	945	479	226	2,319	2,182	1,017	2,795	1,369	846	328	1,624	957	1,475	389	1,393
Excess Tax Benefit on Stock Plans
-	-	-	-	-	-	-	-	-	-	-	-	-	239	201	112	134	152	38	21	648	173	291	1,160	169	2,234	1,438	798	708	834	137	464	612	465	62	362	377
Dividends Paid
4,000	4,000	4,000	4,000	4,000	4,000	3,700	3,800	3,800	3,796	3,741	3,741	3,722	3,710	3,525	3,519	3,539	3,545	3,605	3,658	3,690	3,633	3,682	3,682	3,490	3,315	3,307	3,297	3,314	3,309	3,150	3,155	3,203	3,192	3,189	3,227	3,244
Net Cash (Used in) Provided by Financing Activities
123,000	-4,600	-14,500	-9,800	1,500	3,000	-13,900	-15,000	-6,900	-16,397	-26,073	355,088	6,782	-1,101	13,365	-9,861	-11,961	-9,588	-28,282	-14,908	-8,627	-3,330	-2,448	-12,103	-10,157	-4,451	-4,377	-4,913	-7,754	-8,418	-6,139	-14,332	-6,043	-3,377	-15,458	-13,004	7,592
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash
-1,800	-100	-1,600	800	500	-1,700	-1,700	-1,900	1,300	613	712	545	330	-1,205	92	-428	391	-137	-831	393	-1,333	6	-2,158	717	-41	-220	852	-95	-415	-860	1,137	-320	252	-44	-1,619	804	504
Net Decrease in Cash, Cash Equivalents and Restricted Cash
117,500	2,900	16,300	8,500	-39,200	32,000	-300	-200	-4,400	1,811	2,691	8,919	-12,921	15,628	14,338	1,031	-24,386	-5,507	-10,831	-9,186	-16,138	13,178	17,181	-797	-17,584	15,675	16,733	-1,179	-4,185	-8,759	24,267	-1,105	-12,802	8,066	2,822	2,532	-610
Supplemental Disclosure of Cash Flow Information:
Cash Paid for:
Cash Paid for Income Taxes
900	9,100	7,000	2,200	3,400	3,800	1,600	4,000	1,700	5,373	3,276	1,562	3,289	2,843	8,155	1,465	1,709	5,369	9,350	4,729	3,973	3,068	6,629	902	743	5,365	5,259	1,894	940	1,244	4,925	4,214	1,180	5,048	4,240	1,005	2,865
Cash Paid for Interest
200	9,100	-4,200	14,100	700	11,100	1,100	9,200	1,000	10,459	1,278	1,705	758	339	291	241	264	281	168	380	338	363	332	356	419	413	381	384	424	470	591	639	675	609	635	450	365
Operating cash flows from operating leases
5,200	-	-	-	5,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financing cash flows from finance leases
0	-	-	-	100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease Asset Obtained in Exchange for New Operating Lease Liabilities
2,400	-	-	-	2,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental Non-cash Investing and Financing Activities:
Capital Expenditures in Accounts Payable
700	2,800	0	400	700	1,700	-800	100	1,300	935	-175	-142	1,582	723	-216	-147	1,685	1,109	-2,931	2,751	901	196	286	-146	861	217	-510	727	656	-	-	-	-	-	-	-	-
Collateralized Borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-80	-71	345