Ttm technologies, inc. (TTMI)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jul'19Apr'19Dec'18Oct'18Jul'18Apr'18Jan'18Sep'17Jun'17Mar'17Jan'17Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities:
Net loss

-1,174

25,259

15,870

3,424

-3,252

52,482

27,001

84,004

10,097

49,316

21,535

20,751

33,125

-1,810

25,770

18,765

-7,150

9,657

-2,138

-36,583

3,446

13,938

7,658

-3,104

-3,799

11,681

-212,664

7,551

12,332

12,360

26,047

-20,268

29,088

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property, plant and equipment

42,632

42,018

41,719

41,235

41,602

41,543

41,092

40,298

39,775

41,090

37,496

36,146

36,077

38,539

37,006

40,457

40,227

39,105

40,091

29,776

24,536

24,318

23,887

23,437

23,707

23,962

21,046

20,214

19,064

19,946

17,231

16,826

15,695

Amortization of definite-lived intangible assets

11,620

11,489

11,355

12,447

18,005

18,902

18,774

19,489

5,861

5,907

5,905

5,910

5,912

6,407

5,949

5,949

5,947

6,683

6,421

3,910

1,874

1,935

1,980

2,236

2,236

2,515

4,104

4,120

3,945

4,546

4,343

4,350

4,188

Amortization of debt discount and issuance costs

3,552

3,501

3,451

3,468

3,845

4,361

3,968

3,329

3,029

2,993

2,673

2,703

2,601

2,666

4,695

5,580

6,125

4,815

4,746

3,265

2,625

2,585

2,548

2,509

2,523

2,016

1,977

2,065

1,835

1,947

1,909

1,882

1,846

Non-cash interest imputed on other long-term liabilities and related party financing obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22

257

371

Income tax benefit from restricted stock units released and common stock options exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

1

6

613

-224

2

40

1,916

Deferred income taxes

353

10,001

225

966

1,262

-

-

-

-

-

-

-

-

-

-

-

-

-12,899

962

-9,700

-2,255

-3,228

199

2,277

-1,266

2,645

-19

-585

-2,119

4,855

-603

-3,442

-6,713

Stock-based compensation

4,835

4,626

4,662

3,602

3,926

5,733

5,459

5,867

3,622

4,984

4,678

5,000

3,628

3,200

2,799

2,845

2,246

2,635

2,672

2,314

2,040

1,747

1,954

1,931

2,168

2,821

2,457

2,783

2,205

2,143

2,053

2,125

1,754

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-506

-

-

-

-

-

-

-

-

Gain on sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,504

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of long-lived assets

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,346

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

876

450

6,193

-4,439

-4,346

-4,455

610

495

-439

3,011

3,495

3,082

394

-3,665

234

-1,756

542

113

-2,412

-682

-1,415

-621

-275

-882

3,660

-

-

-

-

-

-

-

-

Payment of accreted interest on convertible senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,324

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable, net

-45,019

-26,278

47,202

-34,088

-6,337

-46,051

27,629

4,216

12,840

8,847

22,229

33,487

-13,448

-

-

-

-23,748

-

-

-

-69,200

-

-

-

-

-

-

-

-

-

-

-

-

Contract assets

-1,572

19,693

7,471

-2,002

-24,668

-9,095

-3,881

2,110

14,368

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (gain) loss on sale of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-49

-853

-

-14

149

-418

Net loss (gain) on sale of securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

816

-

-

-

-

Net unrealized (gain) loss on derivative assets and liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,226

-31

-

-124

-414

-283

Unrealized foreign currency exchange loss (gain)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

535

-214

-

-179

-1,260

-20

Accounts and notes receivable, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33,648

34,784

25,368

-71,315

23,921

3,438

16,443

-22,875

15,221

6,308

2,256

4,208

Inventories

7,573

-4,305

4,175

7,349

5,423

-12,855

286

-16,789

11,104

-691

12,794

7,393

5,880

-11,957

10,379

6,235

-4,368

-23,248

2,890

3,143

8,733

-6,379

5,524

6,799

1,169

4,137

9,921

-1,347

3,870

-18,266

6,379

-3,557

9,171

Prepaid expenses and other current assets

5,959

-7,851

-2,885

335

8,599

-7,652

2,809

659

-1,015

-5,157

3,633

-53

3,582

-474

1,350

2,503

-6,985

-3,979

-762

-7,440

-3,600

328

4,248

-4,483

-2,385

-12,240

10,473

3,325

4,121

-10,210

3,773

-2,410

4,309

Accounts payable

-52,791

20,610

32,094

-4,683

-5,976

-20,141

8,180

-42,435

8,657

16,747

27,346

19,984

-9,475

-20,679

35,119

26,455

-48,691

-1,554

-22,846

16,113

-23,629

33,264

32,457

-4,865

-36,919

38,450

25,393

16,600

-14,520

-28,958

423

9,595

1,097

Contract liabilities

-262

1,091

361

-1

-833

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued salaries, wages and benefits and other current liabilities

-14,081

12,364

-775

3,630

-31,768

13,270

4,153

-345

-47,566

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued salaries, wages and benefits and other accrued expenses

-

-

-

-

-

-

-

-

-

-

11,157

6,270

-26,664

-7,938

27,591

-13,829

-19,801

5,557

14,587

3,897

-5,941

-390

18,356

-4,929

-21,179

4,563

368

2,574

-8,029

-4,145

6,153

-2,101

-4,784

Net cash provided by operating activities

27,913

130,148

58,742

86,123

36,924

151,768

79,992

55,639

-14,261

152,691

71,366

59,114

49,584

97,650

102,737

80,057

17,892

139,830

14,735

15,543

67,354

52,407

43,810

-11,783

45,376

66,749

43,507

38,805

33,504

31,897

42,593

67,770

37,085

Cash flows from investing activities:
Refundable deposit related to sale of the Mobility business unit

35,342

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of property, plant and equipment and other assets

32,451

47,204

26,273

35,616

33,483

33,740

35,049

39,146

42,192

32,412

31,827

53,847

33,259

22,619

24,221

18,183

20,116

23,049

30,413

23,687

22,776

26,227

29,485

24,998

28,914

49,644

30,206

32,999

26,701

43,466

28,321

44,483

26,480

Proceeds from sale of property, plant and equipment and other assets

-

222

470

875

5,037

69

11

198

53

203

8,950

8,221

9,881

-

-

-

-

82

67

14,110

7,187

-35

17

971

100

17

2,940

36

113

1,744

25

353

11

Release of restricted cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-3,530

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,898

-

-

-

-

Net cash provided by (used in) investing activities

2,891

-46,982

-25,803

-34,741

-28,446

-33,671

-35,038

-635,344

-42,139

-32,209

-22,877

-45,626

-23,378

-20,501

-25,552

-15,329

-16,586

-21,029

-16,385

-194,657

-15,589

-26,262

-29,468

-24,027

-28,814

-49,627

-30,164

-32,963

-23,690

-41,832

-28,186

-44,130

-26,469

Cash flows from financing activities:
Proceeds from long-term debt borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

370,000

34,020

69,803

-

-

-

-

Repayment of long-term debt borrowing

-

0

0

0

30,000

70,000

40,660

2,843

875

-

-

-

-

916,143

0

30,000

76,482

2,375

1

225,701

48,101

0

48,102

1

48,101

41,212

332,501

15,966

52,501

0

35,002

14,620

17,500

Payment of debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,626

-

-

-

-

-

-

-

-

Purchase of convertible senior note hedge

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

7,953

-

-

-

-

-

-

-

-

Proceeds from warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

4,053

-

-

-

-

-

-

-

-

Net proceeds from revolving loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34,620

-14,620

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

0

0

0

74

-

-

-

-

0

68

165

262

-

-

-

-

3

-1

40

49

-1

0

551

5,713

Proceeds from issuance of convertible senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,000

-

-

-

-

-

-

-

-

Redemption of convertible notes

-

0

0

0

10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

5,411

-

-

-

-

-

-

-

-

Excess tax benefits from stock awards exercised or released

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

1

6

613

-224

2

40

1,916

Net cash used in financing activities

-

-164

-107

-1,532

-30,010

-70,001

-40,660

432,592

-875

-13,955

4,920

-50,015

74

-110,750

123

-30,000

-76,482

-2,406

-290

44,779

-47,839

0

-48,102

-1

-29,038

-11,207

20,211

18,100

17,964

-225

-41,384

10,885

-24,491

Effect of foreign currency exchange rates on cash and cash equivalents

-521

563

-709

-603

391

312

-442

-1,363

525

865

1,578

603

314

-1,905

-1,676

-2,255

-246

-

-

-

-

4,189

425

-139

-85

-1,278

-1,244

780

-66

-1,454

-1,255

-967

137

Net increase (decrease) in cash and cash equivalents

30,283

83,565

32,123

49,247

-21,141

48,408

3,852

-148,476

-56,750

107,392

54,987

-35,924

26,594

-35,506

75,632

32,473

-75,422

114,449

-4,297

-134,020

3,926

30,334

-33,335

-35,950

-12,561

4,637

32,310

24,722

27,712

-11,614

-28,232

33,558

-13,738

Supplemental cash flow information:
Cash paid, net for interest

10,455

12,948

18,580

13,899

25,840

10,893

23,178

13,586

15,310

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid, net for income taxes

4,367

7,753

-752

3,544

9,575

3,946

5,071

4,064

14,493

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities from discontinued operations

21,286

-

-

-

27,822

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities from discontinued operations

26,823

-

-

-

-6,199

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosure of noncash investing activities:
Property, plant and equipment recorded in accounts payable

46,784

-8,075

5,206

13,327

48,148

-217

-4,983

-11,558

65,927

-777

16,209

24,813

44,560

4,050

-4,159

1,229

23,988

1,110

-5,059

-11,916

40,380

-6,835

-2,569

-9,376

67,924

-22,077

7,856

7,640

65,983

-18,001

-1,776

-16,315

92,155

Supplemental disclosure of noncash investing activities from discontinued operations:
Property, plant and equipment recorded in accounts payable

6,673

-

-

-

7,502

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Receivable for consideration on sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,093

-

-

-

-

-

-

-

-

-

-

-

-