TRIMAS CORPORATION TRS Cash Flow

Trimas corporation (TRS)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Cash Flows from Operating Activities:
Net Income
98,620	83,300	30,960	-39,800	-33,400	69,280	80,070	36,290	60,360	45,270	-220
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
36,680	9,590	-5,000	-	-4,740	22,390	20,830	-	-	-	-
Income from continuing operations
61,940	73,710	35,960	-	-28,660	46,890	59,240	-	-	-	-
Adjustments to reconcile income to net cash provided by operating activities, net of acquisition impact:
Impairment of goodwill and indefinite-lived intangible assets
-	-	-	98,900	75,680	0	0	-	-	-	930
Loss on dispositions of assets
-150	-90	3,340	-1,870	-2,330	-3,770	9,710	280	10,380	8,510	-
Gain on bargain purchase
-	-	-	-	-	-	-	0	0	-	-
Impairment of property and equipment
-	-	-	-	-	-	-	-	-	-	2,340
(Gain) loss on disposition of businesses and other assets
-	-	-	-	-	-	-	-	-	-	-570
Depreciation
24,870	22,230	21,770	24,390	22,570	21,380	18,810	25,050	25,940	23,640	29,050
Amortization of intangible assets
18,630	18,260	18,540	20,470	20,970	16,060	12,290	19,820	14,530	14,100	14,890
Amortization of debt issue costs
1,100	1,300	1,300	1,370	1,710	1,940	1,780	2,490	2,910	2,960	2,240
Deferred income taxes
2,100	5,810	15,830	-32,160	-8,750	-6,530	-4,540	-8,330	12,680	12,500	-5,950
Non-cash compensation expense
6,450	7,170	6,780	6,940	6,340	7,110	8,800	9,280	3,510	2,180	580
Tax effect from stock based compensation
-	-	-	-	590	1,180	1,550	2,730	3,980	600	0
Debt financing and related expenses
0	0	6,640	0	1,970	3,360	2,460	46,810	3,970	0	-
(Gains) loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	24,500
Increase in receivables
-3,280	9,570	-3,980	-7,990	-5,300	9,790	11,380	3,800	21,420	17,190	-14,850
Increase in inventories
-740	14,680	-4,620	-5,180	-3,250	6,010	5,750	48,010	16,840	12,820	-51,780
Increase in prepaid expenses and other assets
6,930	-8,790	490	-2,550	-4,730	-5,250	6,380	-620	890	600	-7,010
Decrease in accounts payable and accrued liabilities
-12,780	-2,330	4,450	-18,120	-29,530	11,830	2,860	-3,700	25,870	31,740	-11,440
Other operating activities
3,870	-10	-2,750	-890	750	1,560	-1,290	290	450	-2,290	-1,380
Net cash provided by operating activities of continuing operations
95,710	110,780	118,810	-	76,570	92,520	68,220	-	-	-	-
Net cash used for operating activities of discontinued operations
-20,110	18,540	1,250	-	-14,030	30,880	19,390	-	-	-	-
Net cash provided by operating activities, net of acquisition impact
75,600	129,320	120,060	80,470	62,540	123,400	87,610	73,220	95,810	94,960	83,510
Cash Flows from Investing Activities:
Capital expenditures
29,670	23,420	33,710	31,330	28,660	23,000	24,230	46,120	32,620	21,900	14,060
Payments to Acquire Businesses, Net of Cash Acquired
67,090	0	0	-	10,000	382,880	84,790	89,880	31,390	30,760	0
Net proceeds from disposition of business, property and equipment
128,080	60	4,420	220	1,700	200	10,560	3,000	38,780	14,810	23,190
Net cash used for investing activities of continuing operations
31,320	-23,360	-29,290	-	-36,960	-405,680	-98,460	-	-	-	-
Net cash used for investing activities of discontinued operations
-2,240	-1,440	-3,060	-	-2,510	-4,410	-31,880	-	-	-	-
Net cash used for investing activities
29,080	-24,800	-32,350	-31,110	-39,470	-410,090	-130,340	-133,000	-25,230	-37,850	9,130
Cash Flows from Financing Activities:
Proceeds from issuance of senior notes
0	0	300,000	0	0	-	-	-	-	-	-
Proceeds from sale of common stock in connection with the Company's equity offering, net of issuance costs
-	-	-	-	-	-	174,670	79,040	0	0	-
Proceeds from borrowings on term loan facilities
-	-	-	-	275,000	275,000	175,040	584,670	269,150	0	0
Repayments of borrowings on term loan facilities
0	0	257,940	13,850	444,890	8,910	400,780	404,770	294,370	14,660	10,570
Proceeds from borrowings on revolving credit facilities
189,060	59,060	401,300	402,420	1,129,840	1,063,960	1,222,980	724,500	659,300	476,310	802,820
Repayments of borrowings on revolving credit facilities
189,340	68,490	517,310	433,350	1,169,370	989,090	1,113,910	706,500	659,300	482,360	807,180
Proceeds on borrowings on senior secured notes
-	-	-	-	-	-	-	-	-	-	244,980
Retirement of senior subordinated notes
-	-	-	-	-	-	-	-	-	-	300,390
Debt refinance fees and expenses
-	-	-	-	-	-	-	-	-	-	16,730
Payment, Tax Withholding, Share-based Payment Arrangement
3,340	2,380	510	1,590	2,770	2,910	4,440	990	900	240	0
Payments to purchase common stock
36,740	12,140	0	0	-	-	-	-	-	-	-
Debt financing fees
0	0	6,070	0	1,850	3,840	-	-	-	-	-
Payments for deferred purchase price
-	-	-	2,530	6,440	0	-	-	-	-	-
Proceeds from exercise of stock options
-	-	-	-	-	640	1,620	6,170	1,000	130	0
Excess tax benefits from stock based compensation
-	-	-	-	-	1,180	1,550	2,730	3,980	600	0
Repurchase of senior secured notes
-	-	-	-	-	-	0	250,000	0	0	-
Senior secured notes redemption premium and debt financing fees
-	-	-	-	-	-	3,610	42,150	6,890	0	-
Distributions to noncontrolling interests
-	-	-	-	-	580	2,710	1,260	0	0	-
Payments for noncontrolling interests
-	-	-	-	-	51,000	0	0	-	-	-
Cash transferred to the Cequent businesses
-	-	-	-	17,050	0	0	-	-	-	-
Other financing activities
0	0	-310	800	1,090	-	-	-	-	-	-
Net cash provided by (used for) financing activities of continuing operations
-40,360	-23,950	-80,840	-	-236,440	284,450	50,410	-	-	-	-
Net cash provided by financing activities of discontinued operations
0	0	0	-	208,400	-340	-1,260	0	0	-	-
Net cash provided by (used for) financing activities
-40,360	-23,950	-80,840	-48,100	-28,040	284,110	49,150	-8,560	-28,030	-20,220	-87,070
Increase for the year
64,320	80,570	6,870	1,260	-4,970	-2,580	6,420	-68,340	42,550	36,890	5,570
Supplemental disclosure of cash flow information:
Cash paid for interest
12,430	13,800	9,430	11,800	15,170	10,870	16,750	31,300	40,550	45,090	43,600
Cash paid for taxes
44,020	7,380	16,230	17,210	30,580	41,110	37,700	25,820	15,710	8,920	8,200