Ultra clean holdings, inc. (UCTT)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Sep'18Jun'18Jun'18Mar'18Mar'18Dec'17Dec'17Sep'17Jun'17Mar'17Dec'16Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Cash flows from operating activities:
Net income

10,500

-9,688

888

-300

1,400

-261

-

-6,440

-

18,960

-

24,741

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

18,960

-

24,741

-

-

-

-

20,179

14,341

9,953

-

2,614

723

-3,239

-15,788

1,676

2,207

1,173

3,532

-5,263

6,032

7,056

6,371

2,048

2,316

-311

-1,174

-1,123

2,790

4,660

7,801

3,155

6,958

5,820

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

6,400

5,692

5,391

3,617

6,800

5,699

-

2,884

-

1,601

1,316

1,316

-

1,405

1,309

1,372

1,214

-

1,739

1,441

1,404

1,397

1,281

1,611

932

904

756

752

749

747

770

810

733

806

809

923

758

705

773

811

722

639

Amortization of intangible assets

4,900

-

-

-

4,900

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of finite-lived intangibles

-

-

-

-

-

-

2,412

-

-

1,097

1,098

1,098

1,744

-

1,231

1,231

1,231

-

1,440

1,439

1,439

1,440

2,170

1,550

1,355

1,137

1,221

1,221

1,221

1,221

1,527

1,527

1,441

1,499

1,949

1,837

0

0

-

-

-

-

Amortization of debt issuance costs

-

-

-

-

-

-

246

-

-

38

38

38

38

-

39

38

38

-

39

38

38

38

39

38

38

714

163

122

122

122

120

124

121

122

-

-

-

-

-

-

-

-

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

732

-384

-296

-129

-

-

209

1,404

-784

543

30

71

-

-

-

-

-81

-2

154

601

Stock-based compensation

3,100

3,022

3,301

2,877

2,900

3,167

-

2,213

-

2,357

2,563

2,563

-

2,741

2,297

1,380

1,382

-

1,631

1,857

1,118

1,065

1,053

1,089

1,044

474

1,231

1,157

993

1,019

1,174

1,191

1,000

1,320

1,223

1,197

1,397

1,252

1,107

1,086

1,164

1,002

Amortization of debt issuance costs

400

-

-

-

400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on the disposal of assets and business

-

-1,975

-299

474

-200

352

-

-1,151

-

-149

-

-52

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-1,000

-

-

-

-

168

-

-181

-

67

46

46

-

3,576

184

-18

58

-

-2,258

-492

-391

-393

-10,548

878

-357

-325

-380

-1,826

97

-81

-

-

-

-

-

-

-

-

-

-

-

-

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

-3,000

-6,520

3,772

-1,452

1,400

-199

-

271

-

-628

856

856

-

22

897

-309

-310

-

-2,851

777

207

421

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on the disposal of fixed assets

-

-

-

-

-

-

-

-

-149

-

-52

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Accounts receivable

700

2,124

12,377

-14,201

4,200

6,530

-

-22,488

-

15,597

-6,839

-6,839

-

-17,487

5,670

6,639

20,078

-

9,267

-7,302

6,390

7,479

1,598

-3,112

-12,112

7,808

4,358

-10,488

-4,250

4,747

17,722

2,658

-2,405

-599

2,767

-11,705

-7,032

7,923

-6,619

-10,109

-223

3,413

Inventories

14,700

20,189

-10,127

-26,862

-5,500

-12,384

-

-30,050

-

-32,426

24,660

24,660

-

71,416

25,310

16,106

19,068

-

15,331

-1,315

8,327

9,173

-2,742

4,571

4,735

1,765

1,497

-11,707

-401

3,519

13,649

1,622

-3,344

-2,794

-9,639

-3,621

-16,547

5,525

-3,794

-10,604

4,719

5,864

Prepaid expenses and other current assets

200

-1,706

1,711

-6,105

2,400

-8,892

-

2,734

-

2,469

1,089

1,089

-

514

4,399

233

-246

-

-460

49

375

-1,673

-352

-328

540

1,088

617

130

1,548

130

372

227

196

-127

-1,607

1,313

1,143

-674

-555

364

201

398

Other non-current assets

-300

-

210

-334

900

103

-

-16

-

58

255

255

-

114

149

92

245

-

19

-10

28

8

12

-49

7

54

293

-3

3

-209

-

-

112

-4

-75

195

-9

3

23

-8

6

21

Accounts payable

-4,100

31,282

4,422

-4,104

-600

3,499

-

-27,209

-

-55,276

-4,214

-4,214

-

41,905

26,345

7,557

23,793

-

19,363

-12,674

11,772

13,244

-4,413

-4,430

-3,744

-6

6,189

-3,039

-9,819

1,483

16,320

7,781

-4,450

10,993

-12,770

-2,951

-13,202

9,425

2,520

-21,995

187

2,782

Accrued compensation and related benefits

200

243

5,399

258

3,100

-8,132

-

6,664

-

-1,519

187

187

-

-1,714

1,504

102

2,908

-

954

-213

2,202

-1,546

666

-970

1,100

2

237

-1,831

1,383

-211

1,569

-887

1,854

-1,417

-204

-1,972

956

165

-428

-1,906

1,267

181

Income taxes payable

1,600

-1,427

733

-3,506

1,300

4,769

-

-36

-

-1,575

-2,358

-2,358

-

3,586

621

1,844

2,149

-

-

-

-

-

732

-384

-296

-129

-

-

209

1,405

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease assets and liabilities

400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

4,400

2,968

3,068

-836

1,100

-2,165

-

-4,238

-

2,180

1,723

1,723

-

-1,078

920

77

981

-

-4,769

167

-333

1,578

-108

1,717

-345

340

-764

-451

-82

684

-

-

466

-198

2,427

-3,059

1,306

469

-1,632

243

-911

1,753

Net cash provided by operating activities

15,700

31,927

21,056

49,917

18,100

26,369

-

27,377

-

-17,125

5,079

5,079

-

11,274

17,445

11,037

9,144

-

8,195

5,737

3,841

-196

-3,517

321

9,774

-5,652

6,180

16,561

3,602

4,016

-3,808

8,255

9,217

16,267

-1,590

8,610

16,420

3,899

15,561

1,753

4,530

1,880

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

6,700

13,635

5,915

1,950

4,800

10,574

-

5,860

-

3,755

5,911

5,911

-

3,566

6,764

2,986

2,784

-

1,818

1,758

1,672

2,030

4,956

1,400

1,214

2,582

3,268

653

901

512

675

1,578

465

245

200

193

2

214

489

838

1,502

1,154

Proceeds from sale of equipment

-

-

-

-

600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

48

0

77

66

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of businesses, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

569

14,761

0

29,734

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-6,700

-9,360

-3,675

-31,965

-4,200

-39,912

-

-296,322

-

-3,755

-5,911

-5,911

-

-3,566

-6,764

-2,986

-2,784

-

-1,852

-1,786

-1,610

-2,030

-5,525

-16,161

-1,214

-32,316

-3,220

-653

-824

-446

-675

-1,482

-465

-245

180

-75,518

-2

-214

-489

-838

-1,502

-1,154

Proceeds from bank borrowings

51,500

6,995

6,693

21,512

6,600

4,916

-

360,298

-

11,664

10,222

10,222

-

6,828

2,967

4,205

1,000

-

2,134

2,471

415

1,637

2,231

792

0

76,189

-

-

-

-

27,000

8,000

14,000

14,000

-18,630

95,972

0

19,482

-

-

-

-

Proceeds from term debt and revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,000

11,000

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock

-

-

-

-

-

129

-

17

-

124

94,330

94,330

-

111

12

294

1,383

-

-

-

-

-

104

10

105

2,192

107

-13

112

1,734

565

55

106

48

108

41

85

93

114

3

239

655

Principal payments on revolving credit facilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,932

19,987

20,149

20,394

-

-

-

-

Principal payments on bank borrowings and finance leases

14,500

28,466

32,145

23,489

8,900

7,792

-

59,460

-

11,275

7,873

7,873

-

11,972

6,621

7,910

4,697

-

3,325

3,258

4,192

3,566

3,696

1,415

1,250

48,844

12,500

15,000

26,000

2,500

28,498

48,002

-11,502

19,002

-

-

-

-

7,024

-680

-1,068

-1,353

Payments of debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

111

500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

732

-384

-296

-129

-

-

209

1,404

-784

543

30

71

-

-

-

-

-81

-2

154

601

Payments of equity issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

507

-

-

-

-

-

-

-

-

Withholding tax on employee equity compensation

-

248

258

594

800

155

-

327

-

756

1,862

1,862

-

331

559

228

1,582

-

-

-

30

404

0

0

1

330

1

0

23

1,334

-

-

-

-

0

73

17

251

-

-

-

-

Net cash provided by (used in) financing activities

37,000

-22,145

-25,709

-2,446

-3,100

-2,884

-

288,410

-

-243

94,817

94,817

-

-5,364

-4,201

-3,639

-3,896

-

-1,089

-728

-3,703

-2,333

-629

-997

-1,553

28,578

890

-10,126

-7,702

10,304

-1,043

-12,165

-2,362

-5,390

-2,608

74,100

-20,051

-1,070

-789

-679

-675

-97

Effect of exchange rate changes on cash and cash equivalents

-400

-

-1,110

-2,223

-100

193

-

-271

-

-96

-

74

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

45,600

3,855

-9,438

13,283

10,700

-16,234

-

19,194

-

-21,219

-

94,059

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

-271

-

-96

-

74

-

37

-

-23

135

6

-59

-

-6

-14

-5

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

-

-

-

-

-

-

19,194

-

-21,219

-

94,059

-

2,367

-

6,457

4,547

2,470

5,195

-

3,217

-1,486

-4,564

-9,680

-16,831

7,007

-9,390

-

-

-

13,874

-5,526

-5,392

6,390

10,632

-4,018

7,192

-3,633

2,615

14,283

236

2,353

629

Supplemental cash flow information:
Income taxes paid

-

-

-

-

-

-

-

4,394

-

4,439

4,761

4,761

754

-

3,063

1,379

2,418

-

1,475

723

2,122

143

289

1,188

825

598

583

794

1,230

918

508

413

439

218

839

2,756

1,622

94

35

6

1,840

350

Income taxes paid, net of income tax refunds

2,000

14,463

0

-3,963

4,000

14,461

-

-4

-

38

5

5

-

7,475

0

0

25

-

55

-7

0

598

-

-

-

-

0

0

0

1,356

-

-

-

-

-

-

-

-

1,549

-1,226

1,226

-613

Interest paid

4,800

7,164

4,112

6,724

5,600

4,149

-

2,009

-

507

435

435

-

-1,209

1,150

1,708

551

-

585

614

614

692

387

545

542

689

410

501

560

564

449

642

421

726

751

633

37

130

178

264

281

335

Non-cash investing and financing activities:
Restricted stock issued

-

-

-

-

-

-

-

-

-

-

7,751

-

-

-

-

-

7,003

-704

-

1,114

993

1,583

-

-

-

-

-

-

-

-

-

-

-

-

19

2,070

235

2,439

-4,981

5,311

524

2,241

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

2,900

435

-571

-1,964

7,100

3,833

-

-808

-

-111

2,686

2,686

-

1,086

39

817

658

-

218

335

2

146

-3,378

1,901

92

1,538

-

-

-

-

141

-15

-68

122

-

-

25

20

-

-

-

25

Fair value of common shares issued for acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3,818

0

13,843

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