Ultra Clean Holdings, Inc. UCTT Cash Flow

Ultra clean holdings, inc. (UCTT)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Sep'18	Jun'18	Jun'18	Mar'18	Mar'18	Dec'17	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	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
Cash flows from operating activities:
Net income
1,400	-7,700	1,727	-5,601	13,659	37,000	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
-	-	-	-	-	-	-	-	0	-	85,485	-	-	-	-	47,087	27,631	10,051	-	-15,690	-16,628	-15,144	-10,732	8,588	1,649	5,474	11,357	14,196	21,507	17,791	10,424	2,879	-292	182	5,153	14,128	18,406	22,574	23,734	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
21,100	21,500	21,507	19,000	16,984	11,500	-	7,206	-	5,631	5,377	5,402	-	5,300	5,634	5,766	5,798	-	5,981	5,523	5,693	5,221	4,728	4,203	3,344	3,161	3,004	3,018	3,076	3,060	3,119	3,158	3,271	3,296	3,195	3,159	3,047	3,011	2,945	0	0	0
Amortization of intangible assets
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of finite-lived intangibles
-	-	-	-	-	-	6,351	-	-	5,170	5,304	5,304	5,437	-	5,133	5,341	5,549	-	5,758	6,488	6,599	6,515	6,212	5,263	4,934	4,800	4,884	5,190	5,496	5,716	5,994	6,416	6,726	5,285	3,786	0	0	0	-	-	-	-
Amortization of debt issuance costs
-	-	-	-	-	-	360	-	-	153	153	153	153	-	154	153	153	-	153	153	153	153	829	953	1,037	1,121	529	486	488	487	487	0	0	0	-	-	-	-	-	-	-	-
Excess tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-77	0	0	0	-	-	1,372	1,193	-140	0	0	0	-	-	-	-	672	0	0	0
Stock-based compensation
12,300	12,100	12,245	11,157	10,637	10,300	-	9,874	-	9,958	8,938	8,981	-	7,800	6,690	6,250	5,988	-	5,671	5,093	4,325	4,251	3,660	3,838	3,906	3,855	4,400	4,343	4,377	4,384	4,685	4,734	4,740	5,137	5,069	4,953	4,842	4,609	4,359	0	0	0
Amortization of debt issuance costs
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on the disposal of assets and business
-	-2,000	327	-525	-1,148	-1,000	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
0	-	-	-	-	100	-	3,508	-	3,873	3,743	3,788	-	3,800	-2,034	-2,710	-3,083	-	-3,534	-11,824	-10,454	-10,420	-10,352	-184	-2,888	-2,434	-2,190	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Change in the fair value of financial instruments and earn-out liability
-7,200	-2,800	3,521	20	844	300	-	521	-	1,147	1,444	1,466	-	300	-2,573	-2,693	-2,177	-	-1,446	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on the disposal of fixed assets
-	-	-	-	-	-	-	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in assets and liabilities:
Accounts receivable
1,000	4,500	8,906	-25,959	3,839	-7,200	-	-31,217	-	-3,059	-11,987	-12,017	-	14,900	41,654	28,682	28,433	-	15,834	8,165	12,355	-6,147	-5,818	-3,058	-10,434	-2,572	-5,633	7,731	20,877	22,722	17,376	2,421	-11,942	-16,569	-8,047	-17,433	-15,837	-9,028	-13,538	0	0	0
Inventories
-2,100	-22,300	-54,873	-74,796	-80,360	-50,200	-	33,600	-	88,960	137,466	137,492	-	131,900	75,815	49,190	41,411	-	31,516	13,443	19,329	15,737	8,329	12,568	-3,710	-8,846	-7,092	5,060	18,389	15,446	9,133	-14,155	-19,398	-32,601	-24,282	-18,437	-25,420	-4,154	-3,815	0	0	0
Prepaid expenses and other current assets
-5,900	-3,700	-10,886	-9,863	-1,289	-2,600	-	6,806	-	8,471	6,246	6,235	-	4,900	3,926	-424	-282	-	-1,709	-1,601	-1,978	-1,813	948	1,917	2,375	3,383	2,425	2,180	2,277	925	668	-1,311	-225	722	175	1,227	278	-664	408	0	0	0
Other non-current assets
0	-	879	653	1,045	400	-	411	-	576	592	610	-	600	505	346	282	-	45	38	-1	-22	24	305	351	347	84	0	0	0	-	-	228	107	114	212	9	24	42	0	0	0
Accounts payable
27,500	31,000	3,217	-28,414	-79,586	-83,200	-	-44,794	-	8,760	71,562	71,593	-	99,600	77,058	38,039	42,254	-	31,705	7,929	16,173	657	-12,593	-1,991	-600	-6,675	-5,186	4,945	15,765	21,134	30,644	1,554	-9,178	-17,930	-19,498	-4,208	-23,252	-9,863	-16,506	0	0	0
Accrued compensation and related benefits
6,100	9,000	625	1,890	113	-2,800	-	3,618	-	-1,542	56	79	-	2,800	5,468	3,751	5,851	-	1,397	1,109	352	-750	798	369	-492	-209	-422	910	1,854	2,325	1,119	-654	-1,739	-2,637	-1,055	-1,279	-1,213	-902	-886	0	0	0
Income taxes payable
-2,600	-2,900	3,296	2,527	4,458	800	-	-383	-	274	3,670	3,693	-	8,200	0	0	0	-	-	-	-	-	-77	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease assets and liabilities
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
9,600	6,300	1,167	-6,139	-3,123	-2,500	-	-1,413	-	3,745	1,675	1,642	-	900	-2,791	-3,544	-3,954	-	-3,357	1,304	2,854	2,842	1,604	948	-1,220	-957	-613	0	0	0	-	-	-364	476	1,143	-2,916	386	-1,831	-547	0	0	0
Net cash provided by operating activities
118,600	121,000	115,442	121,763	54,721	41,700	-	26,605	-	16,673	44,840	44,835	-	48,900	45,821	34,113	26,917	-	17,577	5,865	449	6,382	926	10,623	26,863	20,691	30,359	20,371	12,065	17,680	29,931	32,149	32,504	39,707	27,339	44,490	37,633	25,743	23,724	0	0	0
Cash flows from investing activities:
Purchases of property, plant and equipment
28,200	26,300	23,239	23,184	24,989	26,100	-	19,092	-	19,996	19,276	19,227	-	16,100	14,352	9,346	8,032	-	7,278	10,416	10,058	9,600	10,152	8,464	7,717	7,404	5,334	2,741	3,666	3,230	2,963	2,488	1,103	640	609	898	1,543	3,043	3,983	0	0	0
Proceeds from sale of equipment
-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	191	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of businesses, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	45,064	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-51,700	-49,200	-79,752	-372,399	-344,189	-345,900	-	-309,554	-	-19,996	-19,276	-19,227	-	-16,100	-14,386	-9,408	-8,032	-	-7,278	-10,951	-25,326	-24,930	-55,216	-52,911	-37,403	-37,013	-5,143	-2,598	-3,427	-3,068	-2,867	-2,012	-76,048	-75,585	-75,554	-76,223	-1,543	-3,043	-3,983	0	0	0
Proceeds from bank borrowings
86,700	41,800	39,721	393,326	383,478	387,100	-	389,012	-	31,681	24,298	24,222	-	15,000	10,306	9,810	6,020	-	6,657	6,754	5,075	4,660	79,212	0	0	0	-	-	-	-	63,000	17,370	105,342	91,342	96,824	0	0	0	-	-	-	-
Proceeds from term debt and revolving credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock
-	-	-	-	-	94,600	-	94,582	-	94,577	94,763	94,747	-	1,800	0	0	0	-	-	-	-	-	2,411	2,414	2,391	2,398	1,940	2,398	2,466	2,460	774	317	303	282	327	333	295	449	1,011	0	0	0
Principal payments on revolving credit facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	76,462	0	0	0	-	-	-	-
Principal payments on bank borrowings and finance leases
98,600	93,000	72,326	99,641	87,427	86,400	-	90,580	-	37,741	34,424	34,376	-	31,200	22,553	19,190	15,472	-	14,341	14,712	12,869	9,927	55,205	64,009	77,594	102,344	56,000	71,998	105,000	67,498	84,000	0	0	0	-	-	-	-	3,923	0	0	0
Payments of debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	611	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-77	0	0	0	-	-	1,372	1,193	-140	0	0	0	-	-	-	-	672	0	0	0
Payments of equity issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
Withholding tax on employee equity compensation
-	1,900	1,807	1,876	2,038	3,100	-	3,276	-	3,508	2,994	2,980	-	2,700	0	0	0	-	-	-	434	405	331	332	332	354	1,358	0	0	0	-	-	-	-	341	0	0	0	-	-	-	-
Net cash provided by (used in) financing activities
-13,300	-53,400	-34,139	279,980	282,183	380,100	-	377,620	-	85,009	81,643	81,613	-	-17,100	-12,825	-9,352	-9,416	-	-7,853	-7,393	-7,662	-5,512	25,399	26,918	17,789	11,640	-6,634	-8,567	-10,606	-5,266	-20,960	-22,525	63,740	46,051	50,371	52,190	-22,589	-3,213	-2,240	0	0	0
Effect of exchange rate changes on cash and cash equivalents
0	-	-3,240	-2,401	-274	-100	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in cash and cash equivalents
53,300	18,400	-1,689	26,943	-7,559	75,800	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes on cash and cash equivalents
-	-	-	-	-	-	-256	-	-8	-	223	-	155	-	59	76	-73	-84	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in cash and cash equivalents
-	-	-	-	-	-	94,401	-	81,664	-	107,430	-	15,841	-	18,669	15,429	9,396	2,362	-	-12,513	-32,561	-24,068	-28,894	0	0	0	-	-	-	9,346	6,104	7,612	20,196	10,173	2,156	20,457	13,501	19,487	17,501	0	0	0
Supplemental cash flow information:
Income taxes paid
-	-	-	-	-	-	-	14,348	-	13,017	9,957	9,957	7,614	-	8,335	5,995	6,738	-	4,463	3,277	3,742	2,445	2,900	3,194	2,800	3,205	3,525	3,450	3,069	2,278	1,578	1,909	4,252	5,435	5,311	4,507	1,757	1,975	2,231	0	0	0
Income taxes paid, net of income tax refunds
12,500	14,500	14,498	14,494	18,495	14,500	-	7,514	-	7,518	51	7,480	-	7,500	80	73	73	-	646	0	0	0	-	-	-	-	1,356	0	0	0	-	-	-	-	-	-	-	-	936	0	0	0
Interest paid
22,800	23,600	20,585	18,482	12,265	7,100	-	1,742	-	883	2,100	2,084	-	2,200	3,994	3,458	2,364	-	2,505	2,307	2,238	2,166	2,163	2,186	2,142	2,160	2,035	2,074	2,215	2,076	2,238	2,540	2,531	2,147	1,551	978	609	853	1,058	0	0	0
Non-cash investing and financing activities:
Restricted stock issued
-	-	-	-	-	-	-	-	-	-	13,828	-	-	-	-	-	8,406	2,986	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	4,763	-237	3,004	3,293	3,095	0	0	0
Property, plant and equipment purchased included in accounts payable and other liabilities
800	5,000	8,398	8,161	10,014	5,600	-	2,853	-	3,700	4,586	4,628	-	2,600	1,732	2,028	1,213	-	701	-2,895	-1,329	-1,239	153	0	0	0	-	-	-	-	180	0	0	0	-	-	0	0	-	-	-	0
Fair value of common shares issued for acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,661	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-