Tpi composites, inc (TPIC)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16
Cash flows from operating activities:
Net loss

-4,096

-15,708

-23,695

-9,592

-15,473

5,279

16,334

28,539

42,169

38,734

47,473

28,533

30,511

27,044

0

0

0

Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization

38,949

38,580

35,081

31,011

30,016

26,429

26,635

26,184

24,818

21,698

17,626

15,729

14,127

13,186

0

0

0

Realized loss on sale of assets and asset impairments

-17,800

-18,117

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring charges, net

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation expense

7,638

5,681

5,428

5,718

6,392

7,795

9,301

8,372

7,805

7,124

0

0

0

-

-

-

-

Amortization of debt issuance costs

211

206

207

179

206

336

427

547

611

573

3,838

4,137

4,412

4,681

0

0

0

Amortization of debt discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Changes in assets and liabilities:
Accounts receivable

-22,473

19,366

45,669

43,362

54,337

59,200

-14,263

2,769

21,879

54,227

33,637

29,153

9,039

-5,564

0

0

0

Contract assets and liabilities

74,258

57,583

50,384

27,924

1,087

7,898

25,493

34,595

33,981

4,423

0

0

0

-

-

-

-

Operating lease right of use assets and operating lease liabilities

-4,802

-6,953

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Inventories

4,241

1,145

4,240

4,306

2,011

1,685

2,190

1,369

-939

-964

-5,078

-2,041

-4,027

1,179

0

0

0

Prepaid expenses

1,439

1,052

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other current assets

-3,906

13,692

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

-

-

-

-

-

-

-

-

11,877

-

3,360

-15,464

-15,843

-681

0

0

0

Other noncurrent assets

10,570

7,177

5,842

19,539

19,953

5,167

-5,928

-711

-3,706

-2,816

4,405

3,105

887

3,690

0

0

0

Accounts payable and accrued expenses

45,381

80,720

112,726

65,664

46,804

32,263

5,349

18,708

42,787

51,474

59,168

51,934

22,551

17,424

0

0

0

Accrued warranty

11,995

10,874

15,578

8,855

6,864

6,346

3,480

7,324

9,500

9,330

-2,617

-4,702

-5,550

6,709

0

0

0

Customer deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Other noncurrent liabilities

4,197

2,798

2,902

-16

-1,388

-2,008

-7,005

-4,633

-4,952

-4,597

-2,230

-2,226

-1,868

-1,619

0

0

0

Net cash provided by (used in) operating activities

71,743

57,084

42,282

-7,311

-12,317

-3,258

48,335

51,265

61,630

74,600

75,326

75,537

70,919

59,842

0

0

0

Purchases of property, plant and equipment

82,682

74,408

61,144

48,117

59,683

52,688

60,152

60,411

39,620

44,828

46,902

42,990

36,541

30,507

0

0

0

Net cash used in investing activities

-83,784

-75,510

-62,246

-48,117

-59,683

-52,688

-59,302

-59,561

-38,770

-43,978

-46,902

-42,990

-36,541

-30,507

0

0

0

Proceeds from revolving loans

66,000

22,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of revolving and term loans

-

-

-

-

-

74,972

81,534

-69,347

3,750

3,750

0

0

0

-

-

-

-

Net proceeds (repayments) of accounts receivable financing

-24,028

-10,719

-1,076

-6,438

5,539

424

-13,131

5,722

8,306

-1,020

8,861

8,362

-13,418

-5,385

0

0

0

Proceeds from working capital loans

-

3,535

0

0

0

-

-

-

-

9,936

0

0

0

-

-

-

0

Principal repayments of finance leases

7,691

9,128

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds (repayments) of other debt

13,664

-4,286

-13,508

-20,525

-22,230

-23,763

-17,417

-10,389

-510

1,313

3,206

4,152

-4,728

-4,765

0

0

0

Proceeds from customer advances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Debt issuance costs

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

1,463

5,223

6,799

7,693

8,271

4,284

0

0

0

-

-

-

-

-

-

-

-

Repurchase of common stock including shares withheld in lieu of income taxes

2,020

2,120

2,120

3,146

3,146

2,859

0

0

0

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Net cash provided by financing activities

44,977

970

-819

-3,978

8,853

-7,732

-17,964

-6,613

-1,084

-8,383

4,484

67,392

47,017

51,829

0

0

0

Impact of foreign exchange rates on cash, cash equivalents and restricted cash

-2,970

-171

785

1,766

1,224

617

-253

-282

784

335

-665

-1,201

-1,527

-1,515

0

0

0

Net change in cash, cash equivalents and restricted cash

29,966

-17,627

-19,998

-57,640

-61,923

-63,061

-29,184

-15,191

22,560

22,574

32,243

98,738

79,868

79,649

0

0

0

Supplemental disclosures of cash flow information:
Cash paid for interest

8,023

8,190

7,755

8,533

8,717

9,904

11,632

11,544

12,031

11,803

10,338

12,128

11,460

11,126

0

0

0

Cash paid for income taxes, net

17,273

18,640

18,000

14,520

10,593

7,246

7,408

9,706

14,551

17,263

17,449

14,300

11,226

8,506

0

0

0

Supplemental disclosures of noncash investing and financing activities:
Accrued capital expenditures in accounts payable

22,904

14,644

7,393

8,159

7,123

5,139

6,376

4,393

7,581

5,725

2,743

5,468

4,473

2,664

0

0

0