Turning point brands, inc. (TPB)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15
Cash flows from operating activities:
Net income

10,489

13,774

31,023

32,703

28,817

25,289

23,824

23,244

20,808

19,653

33,221

32,640

26,556

26,913

12,199

10,176

7,956

9,149

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Loss on extinguishment of debt

-

-

-

-

-

-2,384

-2,384

-2,384

-2,384

-6,116

-6,116

-6,116

-8,940

-2,824

0

0

0

-

-

-

-

Loss on sale of property, plant, and equipment

16

-7

12

-22

-23

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation expense

2,958

2,638

2,364

2,151

2,076

2,105

2,030

1,972

1,832

1,626

1,523

1,412

1,288

1,227

1,171

1,126

1,101

1,059

0

0

0

Amortization of other intangible assets

1,517

1,451

1,527

1,377

1,188

1,005

732

702

703

702

585

409

233

58

0

0

0

-

-

-

-

Amortization of debt discount and deferred financing costs

6,365

4,365

1,257

955

950

951

1,015

1,015

1,015

1,071

1,117

1,230

1,351

1,419

1,432

1,443

1,448

1,448

0

0

0

Amortization of original issue discount

-

-

-

-

-

-

-

-

-

-

199

331

531

724

854

983

1,046

1,048

0

0

0

Interest incurred but not paid on notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

Deferred income taxes

-3,645

-4,219

-245

1,013

1,743

2,565

6,140

6,253

8,538

5,181

-10,919

-12,398

-15,324

-12,719

105

110

127

51

0

0

0

Stock compensation expense

3,618

3,629

2,835

2,132

1,680

1,411

1,278

1,139

872

720

533

406

203

180

250

188

210

234

0

0

0

Amount of amortization expense attributable to right-of-use asset from operating lease.

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Member unit compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Changes in operating assets and liabilities:
Accounts receivable

-858

3,464

-460

399

1,867

-824

3,480

2,886

-1,699

1,067

-747

-2,720

1,020

-2,072

-1,707

1,666

-1,815

1,407

0

0

0

Inventories

-22,454

-21,036

8,514

13,648

25,521

20,650

17,375

5,818

-4,433

-495

6,078

9,131

7,577

12,513

5,132

1,423

-137

-2,032

0

0

0

Other current assets

6,600

1,196

-73

4,168

62

5,097

6,859

3,580

-864

-1,495

-2,182

-1,030

1,514

-1,361

-3,663

-5,807

245

-49

0

0

0

Other assets

2,567

2,864

-37

533

329

-75

85

13

383

334

160

110

490

100

57

93

-310

118

0

0

0

Accounts payable

1,589

6,608

-850

5,403

7,797

2,523

1,032

4,974

-1,150

-5,702

1,870

1,768

1,310

3,631

-256

663

1,349

1,784

0

0

0

Accrued pension liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

236

212

185

163

0

0

0

Accrued postretirement liabilities

-186

-168

-115

-109

-92

-97

-113

-92

-70

-24

-101

-116

-112

-172

-174

-175

-176

-179

0

0

0

Accrued liabilities and other

6,599

1,147

981

1,774

2,292

-198

-317

-72

-1,179

-392

-1,091

-2,017

-534

-65

-3,865

-1,893

-6,056

39

0

0

0

Net cash provided by operating activities

38,497

37,795

32,129

28,823

18,695

13,090

10,273

29,289

40,450

29,690

29,995

24,606

5,811

9,128

11,329

16,773

18,565

24,430

0

0

0

Capital expenditures

4,806

4,815

4,799

3,228

2,790

2,267

2,497

2,457

2,016

2,021

3,014

2,915

3,121

3,207

1,747

1,820

1,729

1,602

0

0

0

The net cash inflow or outflow during the period for the aggregate increase (decrease) associated with funds and investments associated with the Master Settlement Agreement (MSA) that are not available for withdrawal or use (such as assets held in escrow or contractually limited as to use or disposition) and are associated with underlying transactions that are classified as investing activities. The MSA was entered into in November 1998 by most states (represented by their attorneys general acting through t

-28,016

-29,718

-30,706

-2,171

-991

1,241

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash, MSA escrow deposits

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

14,208

15,901

13,925

-10,921

-22,960

-24,669

-22,600

-15,864

-2,833

-1,116

-55,107

-54,316

-54,610

-55,888

-1,747

-1,820

-2,157

-2,030

0

0

0

Cash flows from financing activities:
Payments of term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Proceeds from 2018 revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Payments of 2018 revolving credit facility

14,000

26,000

26,000

11,000

12,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payment of dividends

3,537

3,531

3,427

3,312

3,198

2,318

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from (payments of) 2017 revolving credit facility, net

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-945

-6,428

-7,335

0

0

0

Payments of financing costs

7,285

7,117

6,997

186

7

3,286

3,286

3,297

3,270

4,783

5,033

5,015

5,242

450

0

0

0

-

-

-

-

Exercise of options

778

738

693

836

1,000

833

839

941

772

1,431

1,532

1,258

848

169

0

0

0

-

-

-

-

The cash outflow associated with the redemption of stock options during the period.

0

12

12

635

635

623

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid equity issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

-

-

0

The cash outflow associated with the surrender of expiring stock options during the period.

-

-

-

-

-

-

-

-

-

-

1,000

1,000

1,000

0

0

0

0

-

-

-

-

Common stock repurchased

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

Net cash used in financing activities

72,977

67,966

64,145

-17,037

2,097

9,930

6,878

-14,716

-36,979

-28,016

-3,799

-260

20,243

15,734

-15,011

-16,673

-28,132

-26,032

0

0

0

Net increase in cash

125,682

121,662

110,199

865

-2,168

-1,649

-5,449

-1,291

638

558

-28,911

-29,970

-28,556

-31,026

-5,429

-1,720

-11,724

-3,632

0

0

0

Supplemental Schedule of Noncash Financing Activities [Abstract]
The amount of accrued expenses incurred for financing costs during the period.

0

-

0

0

0

-

0

0

0

-

-

0

0

-

-

-

0

-

-

-

-

Accrued expenses incurred for prepaid equity issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

0

The first lien term loan is part of the First Lien Credit Facility with Fifth Third Bank, as administrative agent, and other lenders (the "2018 First Lien Credit Facility"). The 2018 First Lien Credit Facility is part of a secured credit facility (the "2018 Credit Facility") entered into on March 7, 2018 by the Company.
Proceeds from term loan

-

-

-

-

-

160,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payments of term loan

8,000

8,000

12,000

10,000

8,000

6,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payments of financing costs

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

The second lien term loan (the "2018 Second Lien Term Loan") is part of the Second Lien Credit Facility with Prospect Capital Corporation, as administrative agent, and other lenders (the "2018 Second Lien Credit Facility"). The 2018 Second Lien Credit Facility is part of a secured credit facility (the "2018 Credit Facility") entered into on March 7, 2018 by the Company and North Atlantic Trading Company, Inc. (NATC), a wholly-owned subsidiary of the Company.
Proceeds from term loan

-

-

-

-

-

40,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

On September 5, 2018, the Company issued a note payable to IVG's shareholders in connection with the acquisition of the outstanding stock of IVG.
Payments of term loan

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

The first out term loan facility (the "2017 First Out Term Loan") and the second out term loan facility (the "2017 Second Out Term Loan"), collectively the 2017 First Lien Term Loans, are part of the First Lien Credit Facility with Fifth Third Bank, as administrative agent, and other lenders (the "2017 First Lien Credit Facility"). The 2017 First Lien Credit Facility is part of a secured credit facility (the "2017 Credit Facility") entered into on February 17, 2017 by the Company and North Atlantic Trading
Payments of term loan

-

-

-

-

-

140,613

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

The second lien term loan (the "2017 Second Lien Term Loan") is part of the Second Lien Credit Facility with Prospect Capital Corporation, as administrative agent, and other lenders (the "2017 Second Lien Credit Facility"). The 2017 Second Lien Credit Facility is part of a secured credit facility (the "2017 Credit Facility") entered into on February 17, 2017 by the Company and North Atlantic Trading Company, Inc. (NATC), a wholly-owned subsidiary of the Company.
Payments of term loan

-

-

-

-

-

55,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-