TWIN DISC INC TWIN Cash Flow

Twin disc inc (TWIN)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Sep'18	Jun'18	Mar'18	Mar'18	Dec'17	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	Dec'10	Sep'10
Cash flows from operating activities:
Net (loss) income
-38,708	-8,945	1,600	10,796	17,526	17,275	9,145	9,145	9,647	-	4,865	-	-1,198	-39	-6,115	-12,808	-12,012	-11,409	-13,013	-7,019	-3,041	3,048	11,385	13,291	9,802	6,568	3,870	1,661	1,496	4,349	4,251	5,431	16,067	18,572	26,941	32,421	26,934	25,070	18,132	0	0	0
Adjustments to reconcile net (loss) income to net cash provided (used) by operating activities, net of acquired assets:
Depreciation and amortization
11,278	10,751	9,912	9,335	8,530	7,711	7,169	7,169	6,464	-	6,557	-	6,600	6,745	7,017	7,579	8,104	8,542	8,847	9,158	9,413	9,818	10,161	10,356	10,630	10,618	10,657	10,753	10,691	10,809	10,838	10,771	10,790	10,815	10,756	10,931	10,597	10,205	9,904	0	0	0
Restructuring expenses
-	-	-	-	-	-	46	-	238	-	125	-	80	63	92	207	86	573	354	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring of operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,802	1,802	1,802	708	0	0	0	-	-	-	-	-	-	-	-
Provision for deferred income taxes
-537	390	1,723	6,846	707	3,946	11,306	11,306	3,004	-	2,850	-	-52	-7,752	-4,245	-6,663	-10,917	-6,532	-12,203	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock compensation expense and other non-cash changes, net
1,327	1,859	2,156	2,591	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of inventory fair value step-up
-	-	-	4,277	0	0	0	0	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-	-	-	-	-	-	329	-	-63	-	174	-	351	182	7	188	74	21	74	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-cash changes, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Net change in operating assets and liabilities
0	0	0	-	0	0	0	0	-	-	0	-	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Net cash provided (used) by operating activities
12,028	-1,566	-4,802	-5,461	-6,648	-1,080	8,764	8,764	6,511	-	5,021	-	9,429	4,408	3,178	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	29,055	30,125	18,167	14,444	5,985	1,788	8,138	13,860	0	0	0
Cash flows from investing activities:
Acquisitions of fixed assets
12,223	12,163	12,460	11,979	10,885	9,991	8,417	8,417	6,328	-	5,618	-	5,052	4,075	3,133	2,529	2,432	3,336	4,214	6,705	7,405	8,277	9,049	7,960	8,761	8,554	7,245	6,647	6,057	6,111	6,582	8,291	10,369	11,483	13,733	18,489	16,006	14,368	12,028	0	0	0
Proceeds from sale of fixed assets
203	231	238	239	156	136	165	165	152	-	347	-	287	226	217	42	53	53	124	162	258	269	279	192	158	192	103	255	326	284	315	202	79	147	116	333	315	247	296	0	0	0
Proceeds from life insurance policy
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,002	2,002	1,907	1,907	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
31	233	233	233	228	128	128	128	128	-	126	-	126	126	126	129	128	214	270	-111	-110	-1,915	-1,934	-1,831	-1,831	132	-34	243	182	-62	231	232	293	293	293	293	293	293	293	0	0	0
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,775	3,167	14,309	17,060	23,462	15,576	16,406	25,749	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of Mill Log, net of costs to sell
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,500	3,500	3,500	3,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of Veth Propulsion, less cash acquired
-	-	-	60,195	0	0	0	0	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used) provided by investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-930	-1,630	-686	-6,836	-5,937	-6,772	-8,494	-7,108	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	84	0	0	0
Net cash used by investing activities
-11,950	-7,450	-7,742	-66,909	-65,994	-69,634	-68,029	-68,029	-6,304	-	-5,397	-	-4,891	-3,975	-3,042	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-8,321	-10,583	-11,629	-13,910	-18,449	-15,984	-14,414	-12,025	0	0	0
Cash flows from financing activities:
Borrowings under long-term debt arrangement
-	-	-	-	-	-	0	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of long-term borrowings
-	-	-	-	-	-	0	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of long term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	14,490	9,243	8,064	-1,405	0	0	0
Borrowings under revolving loan arrangement
102,547	113,172	113,846	147,854	150,131	139,002	131,590	131,590	80,642	-	69,542	-	62,287	56,132	53,920	68,079	74,409	80,636	89,473	82,733	85,468	84,711	83,681	83,028	79,468	75,593	70,443	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of revolver loans
0	0	0	-	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments under revolving loan agreement
-	-	-	-	-	-	113,138	-	82,143	-	70,935	-	65,404	57,598	56,113	67,328	80,414	81,639	91,203	79,765	81,279	90,439	84,674	92,044	80,142	73,189	75,544	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of long term debt
-	-	-	24,752	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid to noncontrolling interest
127	127	127	115	115	115	115	115	172	-	172	-	172	172	109	109	109	109	192	193	193	193	220	219	220	220	487	487	486	486	204	205	205	203	131	131	129	132	138	0	0	0
Excess tax benefits (shortfall) from stock compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	699	699	570	1,451	0	0	0	-	-	-	-	-	-	-	-
Payments of withholding taxes on stock compensation
992	992	992	1,005	926	948	1,135	1,135	422	-	422	-	400	213	140	140	140	140	190	190	190	189	313	312	312	357	2,169	2,170	2,170	2,126	1,700	0	0	0	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock, net
-	-	-	32,210	0	0	0	0	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
-	-	-	36	0	0	0	0	-	-	-	-	-	0	-	-	-	-	-	-	-	-	15	15	15	15	0	0	0	60	189	189	189	129	169	288	384	420	322	0	0	0
Borrowings under term debt arrangement
-	-	-	44,480	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits (shortfall) from stock compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-235	-534	-349	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid to shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,041	3,055	4,072	4,065	4,061	4,061	4,058	4,059	4,059	4,057	4,054	4,067	4,078	4,095	4,113	3,998	3,886	3,774	3,653	3,533	3,411	0	0	0
Payments of senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,600	3,622	3,640	3,666	3,651	59	84	22	96	132	144	180	145	110	68	94	83	0	0	0
Net cash used by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,285	-4,083	-13,689	-9,198	-17,251	-8,925	-5,825	-14,943	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from stock compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-272	-237	-179	136	0	0	0
Net cash (used) provided by financing activities
-7,484	5,056	11,999	69,160	73,483	73,472	60,219	60,219	-2,066	-	-1,987	-	-3,536	-1,718	-2,442	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-20,467	-17,827	-8,608	-3,474	11,408	6,457	5,374	-4,178	0	0	0
Effect of exchange rate changes on cash
83	254	493	401	-199	18	142	142	663	-	2,538	-	1,773	669	400	-577	-569	-292	-1,135	-1,217	-1,996	-2,598	-2,847	-3,027	-1,830	-449	335	40	-595	-502	-548	-734	234	-1,135	-1,526	185	121	2,486	3,488	0	0	0
Net change in cash
-7,323	-3,706	-52	-2,809	642	2,776	1,096	1,096	-1,196	-	175	-	2,775	-616	-1,906	1,540	-7,640	-6,959	-4,663	-10,207	-4,542	-2,664	-1,821	-2,753	-1,951	1,638	4,033	9,199	6,554	2,569	5,023	-467	1,949	-3,205	-4,466	-871	-7,618	1,584	1,145	0	0	0