TENNANT COMPANY TNC Cash Flow

Tennant company (TNC)

CashFlow / TTM

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
45,700	45,900	42,500	37,600	35,600	33,500	22,617	16,513	1,057	-6,200	12,353	20,234	38,218	46,614	44,440	32,012	31,501	32,088	36,433	49,176	49,882	50,651	43,411	42,236	40,967	40,231	43,774	41,902	41,319	41,584	39,004	39,987	32,171	32,713	0	0	0
Adjustments to reconcile Net Earnings (Loss) to Net Cash Provided by Operating Activities:
Depreciation
32,300	32,200	32,200	31,900	32,600	32,300	31,785	31,457	29,407	26,200	23,256	20,279	18,128	17,891	17,736	17,050	16,684	16,550	16,472	17,031	17,389	17,694	17,694	17,646	17,621	17,686	18,011	17,993	18,100	18,072	18,527	18,361	18,161	18,088	0	0	0
Amortization of Intangible Assets
21,500	22,200	21,300	21,900	21,900	22,100	23,070	25,020	22,756	17,100	11,516	3,965	541	409	436	669	1,073	1,481	1,925	2,182	2,278	2,369	2,458	2,502	2,527	2,560	2,618	2,649	2,668	2,800	2,893	3,058	3,274	3,330	0	0	0
Amortization of Debt Issuance Costs
1,300	1,300	1,500	1,700	2,300	2,400	2,804	2,634	2,300	1,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred Income Taxes
-13,400	-9,600	-3,700	-7,200	-12,700	-10,900	-11,152	-7,968	-350	-6,100	-5,344	-5,571	-3,313	-1,172	2,356	-1,008	-1,843	-1,129	-7,168	-5,589	-3,540	129	8,762	7,688	7,959	5,622	3,893	6,335	5,701	3,166	-3,028	-5,872	-4,421	-1,352	0	0	0
Share-Based Compensation Expense
10,900	11,400	11,000	9,200	8,900	8,300	6,985	6,378	6,027	5,900	3,043	3,071	3,811	3,875	7,389	7,759	8,152	8,222	8,633	8,447	8,481	7,314	6,271	6,433	5,949	6,116	7,023	8,620	9,109	9,092	9,013	6,828	5,798	5,407	0	0	0
Allowance for Doubtful Accounts and Returns
2,500	2,500	1,600	800	200	800	1,417	1,803	2,049	1,600	672	559	813	468	442	449	856	1,089	1,682	1,974	1,214	1,504	1,374	1,352	1,395	1,279	1,052	982	1,454	1,427	2,660	2,385	1,836	1,879	0	0	0
Loss on Sale of Business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-149	-149	-62	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, Net
-1,200	-1,100	600	600	300	400	275	-636	-482	-400	-397	69	238	196	416	89	-5	100	33	63	12	-24	-19	-231	-205	-219	101	106	146	126	-1,038	-874	-527	-508	0	0	0
Changes in Operating Assets and Liabilities, Net of Assets Acquired:
Receivables, Net
-6,600	8,500	8,100	17,100	6,400	7,600	14,176	15,184	27,219	14,400	15,554	2,980	6,201	9,278	-3,606	6,050	2,271	-4,547	6,041	1,879	-1,472	18,811	7,144	14,753	17,680	7,618	20,118	30,863	765	11,811	5,367	9,506	13,501	4,451	0	0	0
Inventories
12,400	21,100	28,500	22,700	26,100	16,600	12,534	10,046	5,069	2,900	4,970	5,890	2,966	-23	351	3,129	6,303	10,190	14,147	18,949	23,392	21,155	21,889	17,639	12,162	11,967	8,850	14,963	10,097	149	28,223	10,660	8,239	7,665	0	0	0
Accounts Payable
-1,200	-7,500	4,100	-4,700	-3,100	4,600	3,253	14,410	14,618	10,800	8,258	2,675	2,061	-3,904	-12,150	-7,404	-11,133	-10,455	-407	-788	5,139	10,192	9,173	7,515	1,952	6,120	6,144	3,137	7,962	970	-9,013	-5,925	-1,763	4,612	0	0	0
Employee Compensation and Benefits
-2,700	4,500	7,700	4,600	-5,300	12,700	9,662	7,962	14,030	-4,000	-3,890	-2,350	-4,343	124	-7,086	898	448	716	2,526	1,428	-2,261	1,927	197	-774	-149	-4,178	-2,858	-3,442	-1,431	-3,005	-1,724	-1,156	303	1,177	0	0	0
Other Current Liabilities
900	-1,400	-1,300	1,500	-1,400	-700	881	1,548	10,401	11,100	12,931	9,003	8,016	-185	-2,627	-1,164	-1,143	-402	1,694	1,846	391	2,782	4,052	1,489	2,651	5,552	3,349	5,088	4,136	1,549	-806	535	3,654	1,711	0	0	0
Income Taxes
-	-	-	-	-	-	-	-	-	-	7,328	-2,933	3,535	5,427	-1,210	792	-1,637	-4,283	2,504	2,315	3,509	3,466	-1,051	819	-711	-248	-3,165	1,694	-4,527	797	4,942	2,407	8,220	1,668	0	0	0
U.S. Pension Plan Contributions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,731	0	0	0	-	-	-	-
Other Assets and Liabilities
5,600	5,700	-1,100	-2,400	300	500	-6,734	-4,914	-2,407	500	8,669	9,690	4,764	2,218	5,104	1,110	4,763	4,101	1,831	1,704	-603	-1,276	3,496	-353	1,886	1,560	-5,763	998	4,177	-715	10,527	6,199	332	2,774	0	0	0
Net Cash Provided by Operating Activities
92,200	71,900	82,600	64,900	62,900	80,000	65,677	82,695	70,809	54,200	56,719	42,942	53,236	57,878	47,610	51,100	40,887	45,232	53,441	55,427	61,153	59,362	59,831	55,098	48,638	59,814	41,092	50,247	57,759	47,566	64,172	56,742	61,226	56,909	0	0	0
INVESTING ACTIVITIES
Purchases of Property, Plant and Equipment
30,300	38,400	34,400	36,500	35,800	18,800	16,861	18,955	19,227	20,400	20,266	20,902	24,379	26,526	32,682	31,955	27,471	24,780	20,704	19,766	20,201	19,583	16,871	14,994	14,269	14,775	15,893	15,333	15,421	15,623	17,349	17,361	16,487	13,902	0	0	0
Proceeds from Sale of Property, Plant, and Equipment
0	-	-	-	0	-	-	-	-	2,500	2,512	2,616	603	615	638	573	315	336	313	363	337	291	258	178	121	120	845	554	929	1,028	396	880	564	601	0	0	0
Proceeds from Principal Payments Received on Long-Term Note Receivable
2,800	2,900	700	800	1,300	1,400	1,000	1,400	900	700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Origination of Notes Receivable from Unrelated Parties
-	-	-	-	-	-	-	-	-	1,500	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of Businesses, Net of Cash, Cash Equivalents and Restricted Cash Acquired
28,700	19,700	8,900	8,900	-9,000	0	565	565	353,796	354,100	354,110	366,468	13,237	12,933	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of Intangible Assets
400	500	700	2,000	2,000	2,800	2,600	1,200	1,000	2,500	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Sale of Business
-	-	-	-	-	-	-	-	-	-	-	-	-	285	282	1,470	1,470	1,185	0	0	0	-	-	-	-	4,261	3,520	1,713	1,713	1,014	0	0	0	-	-	-	-
(Increase) Decrease in Restricted Cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-113	184	188	322	301	0	5	-6	41	37	255	253	0	0	0	-	-	-	-	-	-	-	-
Net Cash Used in Investing Activities
-38,400	-55,600	-43,200	-42,600	-41,400	-16,100	-14,882	-19,148	-370,676	-375,300	-377,480	-390,874	-43,134	-40,559	-44,007	-30,096	-25,874	-23,581	-19,506	-17,987	-18,453	-17,870	-14,495	-11,291	-11,591	-11,397	-12,502	-12,646	-10,440	-11,242	-16,880	-18,820	-22,119	-19,497	0	0	0
FINANCING ACTIVITIES
Repayments of Short-term Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Credit Facility Borrowings
137,000	25,000	39,900	39,900	27,900	14,900	303,000	303,000	723,000	743,000	440,000	455,000	35,000	15,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of Debt
34,100	41,800	46,000	46,100	42,400	38,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-Term Note Receivable from Sale of Business
-	-	-	-	-	-	-	-	-	-	-	-	-	5,489	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in Finance Lease Obligations
400	200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,893	0	0	0
Payment of Short-Term Borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Payments of Long-Term Debt
-	-	-	-	-	-	-	-	-	-	81,270	58,487	12,603	3,460	3,468	3,460	3,453	3,445	3,430	3,432	2,010	2,016	2,173	2,376	2,674	1,096	1,474	1,955	2,447	2,986	3,623	8,768	19,305	19,272	0	0	0
Proceeds from Long-term Capital Lease Obligations
-	-	-	-	-	-	-	-	311	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of Long-Term Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,000	0	0	0
Purchases of Common Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	12,762	19,637	44,531	48,915	45,998	39,611	14,717	14,676	14,097	19,140	23,625	18,198	22,157	23,402	22,203	28,749	25,343	19,036	23,725	21,712	17,603	0	0	0
Proceeds from Issuance of Common Stock
7,900	6,100	3,000	3,400	5,700	5,900	7,872	6,757	6,045	6,900	7,106	7,918	6,422	5,271	3,589	2,071	1,631	1,677	1,600	2,366	2,593	2,269	3,969	5,206	5,744	8,313	7,363	6,027	5,338	4,167	3,755	4,384	4,445	4,214	0	0	0
Excess Tax Benefit on Stock Plans
-	-	-	-	-	-	-	-	-	-	-	-	-	686	599	436	345	859	880	1,133	2,272	1,793	3,854	5,001	4,639	5,178	3,778	2,477	2,143	2,047	1,678	1,603	1,501	1,266	0	0	0
Dividends Paid
16,000	16,000	16,000	15,700	15,500	15,300	15,096	15,137	15,078	15,000	14,914	14,698	14,476	14,293	14,128	14,208	14,347	14,498	14,586	14,663	14,687	14,487	14,169	13,794	13,409	13,233	13,227	13,070	12,928	12,817	12,700	12,739	12,811	12,852	0	0	0
Net Cash (Used in) Provided by Financing Activities
94,100	-27,400	-19,800	-19,200	-24,400	-32,800	-52,197	-64,370	305,718	319,400	334,696	374,134	9,185	-9,558	-18,045	-59,692	-64,739	-61,405	-55,147	-29,313	-26,508	-28,038	-29,159	-31,088	-23,898	-21,495	-25,462	-27,224	-36,643	-34,932	-29,891	-39,210	-37,882	-24,247	0	0	0
Effect of Exchange Rate Changes on Cash, Cash Equivalents and Restricted Cash
-2,700	-400	-2,000	-2,100	-4,800	-4,000	-1,687	725	3,170	2,200	382	-238	-1,211	-1,150	-82	-1,005	-184	-1,908	-1,765	-3,092	-2,768	-1,476	-1,702	1,308	496	122	-518	-233	-458	209	1,025	-1,731	-607	-355	0	0	0
Net Decrease in Cash, Cash Equivalents and Restricted Cash
145,200	-11,500	17,600	1,000	-7,700	27,100	-3,089	-98	9,021	500	14,317	25,964	18,076	6,611	-14,524	-39,693	-49,910	-41,662	-22,977	5,035	13,424	11,978	14,475	14,027	13,645	27,044	2,610	10,144	10,218	1,601	18,426	-3,019	618	12,810	0	0	0
Supplemental Disclosure of Cash Flow Information:
Cash Paid for:
Cash Paid for Income Taxes
19,200	21,700	16,400	11,000	12,800	11,100	12,673	14,349	11,911	13,500	10,970	15,849	15,752	14,172	16,698	17,893	21,157	23,421	21,120	18,399	14,572	11,342	13,639	12,269	13,261	13,458	9,337	9,003	11,323	11,563	15,367	14,682	11,473	13,158	0	0	0
Cash Paid for Interest
19,200	19,700	21,700	27,000	22,100	22,400	21,759	21,937	14,442	14,200	4,080	3,093	1,629	1,135	1,077	954	1,093	1,167	1,249	1,413	1,389	1,470	1,520	1,569	1,597	1,602	1,659	1,869	2,124	2,375	2,514	2,558	2,369	2,059	0	0	0
Operating cash flows from operating leases
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financing cash flows from finance leases
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease Asset Obtained in Exchange for New Operating Lease Liabilities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental Non-cash Investing and Financing Activities:
Capital Expenditures in Accounts Payable
3,900	3,900	2,800	2,000	1,700	2,300	1,535	2,160	1,918	2,200	1,988	1,947	1,942	2,045	2,431	-284	2,614	1,830	917	4,134	1,237	1,197	1,218	422	1,295	1,090	0	0	0	-	-	-	-	-	-	-	-
Collateralized Borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0