Ultra clean holdings, inc. (UCTT)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'17Dec'16Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net income

-7,700

37,000

-

75,100

-

10,051

-

-

-

-

-

-

-

Net income

-

-

75,085

-

10,051

-

-10,732

11,357

10,424

5,153

23,734

20,097

-20,026

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

21,500

11,500

5,275

5,300

5,981

5,981

4,728

3,004

3,119

3,195

2,945

2,323

2,279

Amortization of intangible assets

20,100

9,600

-

5,400

-

-

-

-

-

-

-

-

-

Amortization of finite-lived intangibles

-

-

5,437

-

5,758

5,758

6,212

4,884

5,994

3,786

0

0

-

Amortization of debt issuance costs

-

-

153

-

153

153

829

529

487

236

-

-

-

Excess tax benefit from stock-based compensation

-

-

-

-

-771

-771

-77

284

-140

62

672

1,243

-

Stock-based compensation

12,100

10,300

7,757

7,800

5,671

5,671

3,660

4,400

4,685

5,069

4,359

3,196

2,705

Amortization of debt issuance costs

1,800

800

-

200

-

-

-

-

-

-

-

-

-

Loss on the disposal of assets and business

-2,000

-1,000

-

-

-

-169

-

-

-

-

-

-

-

Deferred income taxes

3,600

100

3,755

3,800

-3,534

-3,534

-10,352

-2,190

-78

2,731

6,278

-284

7,363

Change in the fair value of financial instruments and earn-out liability

-2,800

300

-278

300

1,446

-1,446

-449

-

-

-

-

-

-

Loss on the disposal of fixed assets

-

-

-72

-

-169

-

-

-

-329

-

-

-

-

Changes in assets and liabilities:
Accounts receivable

4,500

-7,200

14,930

14,900

15,834

15,834

-5,818

-5,633

17,376

-8,047

-13,538

19,802

20,997

Inventories

-22,300

-50,200

131,874

131,900

31,516

31,516

8,329

-7,092

9,133

-24,282

-3,815

12,312

7,162

Prepaid expenses and other current assets

-3,700

-2,600

4,911

4,900

-1,709

-1,709

948

2,425

668

175

408

-2,378

-3,487

Other non-current assets

-

400

582

600

45

45

24

84

53

114

42

163

341

Accounts payable

31,000

-83,200

99,569

99,600

31,705

31,705

-12,593

-5,186

30,644

-19,498

-16,506

-214

34,786

Accrued compensation and related benefits

9,000

-2,800

2,777

2,800

1,397

1,397

798

-422

1,119

-1,055

-886

1,311

57

Income taxes payable

-2,900

800

8,177

8,200

-16

-16

-77

284

-141

63

672

1,242

-

Operating lease assets and liabilities

-7,100

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

6,300

-2,500

933

900

-3,357

-3,357

1,604

-613

283

1,143

-547

-1,386

-1,060

Net cash provided by operating activities

121,000

41,700

48,905

48,900

17,577

17,577

926

30,359

29,931

27,339

23,724

-4,857

1,091

Cash flows from investing activities:
Purchases of property, plant and equipment

26,300

26,100

16,149

16,100

7,278

7,278

10,152

5,334

2,963

609

3,983

3,817

738

Proceeds from sale of equipment

7,000

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of equipment

-

-

-

-

-

-

-

191

96

-

-

46

-

Acquisition of businesses, net of cash acquired

29,900

319,800

-

-

-

-

45,064

-

-

74,945

-

-

-

Net cash used in investing activities

-49,200

-345,900

-16,149

-16,100

-7,278

-7,278

-55,216

-5,143

-2,867

-75,554

-3,983

-3,771

-738

Proceeds from bank borrowings

41,800

387,100

15,076

15,000

6,657

6,657

79,212

48,500

63,000

96,824

16,000

8,000

2,500

Proceeds from term debt and revolving credit facility

-

-

-

-

-

-

-

-

-

40,000

-

8,000

3,000

Proceeds from issuance of common stock

300

94,600

1,816

1,800

602

602

2,411

1,940

774

327

1,011

1,795

102

Principal payments on revolving credit facilities

-

-

-

-

-

-

-

-

-

76,462

16,000

-

5,778

Principal payments on bank borrowings and finance leases

93,000

86,400

31,248

31,200

14,341

14,341

55,205

56,000

84,000

7,758

3,923

-2,453

-3,100

Payments of debt issuance costs

-

12,100

-

-

-

-

611

-

-

1,940

-

-

-

Payments of dividends to a joint venture shareholder

600

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-77

284

-140

62

672

1,243

-

Payments of equity issuance costs

-

-

-

-

-

-

-

-

-

341

-

-

-

Withholding tax on employee equity compensation

1,900

3,100

2,714

2,700

771

771

331

1,358

594

341

-

-

-

Net cash provided by (used in) financing activities

-53,400

380,100

-17,070

-17,100

-7,853

-7,853

25,399

-6,634

-20,960

50,371

-2,240

16,585

-3,276

Effect of exchange rate changes on cash and cash equivalents

-

-100

-

100

-

-84

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

18,400

75,800

-

15,800

-

2,362

-

-

-

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

-

-

155

-

-84

-

-3

-

-

-

-

-

-

Net increase in cash and cash equivalents

-

-

15,841

-

2,362

-

-28,894

18,582

6,104

2,156

17,501

7,957

-2,923

Supplemental cash flow information:
Income taxes paid

-

-

7,614

-

4,463

4,463

2,900

3,525

1,578

5,311

2,231

4,538

-

Income taxes paid, net of income tax refunds

14,500

14,500

71

7,500

646

646

622

1,356

22

682

936

5,004

-

Interest paid

23,600

7,100

2,216

2,200

2,505

2,505

2,163

2,035

2,238

1,551

1,058

934

821

Non-cash investing and financing activities:
Restricted stock issued

-

-

13,080

-

2,986

-

2,950

7,190

3,584

4,763

3,095

1,275

334

Property, plant and equipment purchased included in accounts payable and other liabilities

5,000

5,600

2,558

2,600

701

701

153

348

180

13

25

73

37

Impairment loss due to a facility fire covered by insurance

-

6,000

-

-

-

-

-

-

-

-

-

-

-

Note receivable received in exchange for sale of UAMC

-

300

-

-

-

-

-

-

-

-

-

-

-

Fair value of common shares issued for acquisition

-

-

-

-

-

-

17,661

-

-

29,565

-

-

-