UNIVERSAL ELECTRONICS INC UEIC Cash Flow

Universal electronics inc (UEIC)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	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
Cash provided by (used for) operating activities:
Net income (loss)
5,846	7,027	2,669	-5,061	-1,005	-11,107	959	22,659	-587	-16,854	1,728	4,684	119	3,236	7,807	6,598	2,743	9,335	6,274	8,375	5,189	8,902	10,871	8,488	4,273	5,553	8,623	5,841	2,946	2,918	6,850	5,153	1,632	4,914	7,084	6,121	1,827
Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities:
Depreciation and amortization
7,498	8,192	7,863	7,852	8,019	8,338	8,351	8,670	8,243	8,110	7,248	8,309	7,645	7,973	6,962	6,103	5,929	5,993	5,047	4,745	4,667	4,799	4,596	4,589	4,260	4,976	4,599	4,414	4,374	4,665	4,423	4,265	4,260	4,428	4,319	4,279	4,309
Provision for bad debts
237	166	270	2	3	303	0	-2	4	-1	86	58	23	60	7	156	-40	110	51	136	2	233	-53	8	61	50	92	24	24	1	35	54	-17	36	4	231	6
Provision for inventory write-downs
-	-	-	-	-	-	1,372	4,322	756	-	770	760	659	1,408	693	949	756	1,124	641	711	906	1,088	835	954	596	1,692	858	557	573	846	525	729	894	2,015	1,511	1,217	882
Deferred income taxes
835	-4,052	-930	237	2,966	5,337	-813	-1,470	913	8,550	82	-539	-496	-3,050	1,248	572	-407	-4,833	140	151	-806	-1,315	-124	-47	948	-1,744	238	843	-954	2,390	140	-118	124	-1,069	-619	521	124
Tax benefit from exercise of stock options and vested restricted stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-223	1,238	376	616	2,046	334	122	567	-2,141	987	423	731	-166	641	397	2	77	-88	-80	8	-119	25	340	34
Excess tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-322	1,245	379	668	1,548	358	126	587	-2,124	982	419	723	263	645	329	37	62	19	0	30	17	78	186	158
Shares issued for employee benefit plan
527	71	256	273	347	182	290	254	336	57	0	245	346	150	212	206	345	134	141	202	391	144	166	190	347	149	152	191	255	129	152	347	121	137	196	240	156
Employee and director stock-based compensation
2,303	2,127	2,527	2,273	1,918	2,012	2,139	2,465	2,204	2,467	3,921	2,932	2,623	2,686	2,668	2,477	2,493	1,990	1,940	2,024	1,959	1,613	1,580	1,573	1,678	1,392	1,389	1,300	1,261	1,128	1,110	1,140	1,197	1,231	1,195	1,053	1,032
Performance-based common stock warrants
184	616	711	236	434	-584	404	-128	471	-439	-141	331	932	-491	1,161	1,192	866	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of Ohio call center
-712	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable and contract assets
-2,060	-28,320	3,009	-5,948	14,056	-6,744	7,453	-6,430	266	-2,248	4,013	16,738	3,689	-7,477	1,760	21,854	-12,255	11,556	9,110	9,083	-342	-6,022	1,132	22,823	-9,967	-8,225	13,372	1,031	-1,669	-1,878	6,198	13,612	-8,934	-5,914	3,034	10,297	-10,559
Inventories
-1,609	-4,905	-4,584	7,421	3,982	1,680	-6,526	17,433	-1,372	4,580	9,968	9,685	1,564	10,330	5,452	4,113	-5,095	11,616	5,267	9,001	5,993	7,584	5,672	-339	-4,756	-5,348	3,705	10,930	6,066	12,771	-5,128	-5,243	-5,387	8,425	10,763	12,538	-1,129
Prepaid expenses and other assets
-118	859	-2,929	-1,843	-735	-3,607	1,429	2,310	455	2,055	2,301	-784	905	686	-157	-1,361	1,604	-348	-804	1,133	-755	2,400	537	-149	15	985	-209	-411	268	306	-429	30	681	1,019	-752	-5	83
Accounts payable and accrued liabilities
-28,969	2,547	-5,136	13,805	3,017	5,756	-5,813	13,831	-21,160	9,482	1,503	16,167	-16,182	2,752	3,211	27,388	-22,900	11,488	20,426	13,604	-12,209	6,317	3,265	20,871	-10,489	5,300	-5,662	16,992	-14,345	16,521	5,188	7,988	-21,511	-6,775	4,970	13,225	-15,739
Accrued income taxes
-1,307	5,992	2,748	-2,223	-2,943	2,950	-5,353	4,993	-3,774	6,052	174	373	-2,064	-422	-1,477	-922	-2,338	549	148	864	-832	2,324	756	590	-2,484	365	-561	563	-731	-1,515	1,368	-453	-2,343	1,747	1,647	234	-3,930
Net cash provided by (used for) operating activities
-8,347	45,336	19,688	24,780	-4,547	17,429	-697	8,066	-11,943	14,948	-911	7,681	-12,553	10,862	15,430	20,110	3,141	3,564	16,588	11,591	-5,649	20,126	14,556	14,885	13,906	29,892	-7,144	19,243	-11,297	15,899	19,043	10,626	-2,025	2,998	7,209	4,445	148
Cash provided by (used for) investing activities:
Acquisitions of property, plant and equipment
1,986	5,459	5,761	7,293	2,800	3,304	3,422	4,102	9,314	10,462	12,403	11,059	6,460	11,737	10,925	10,509	7,480	6,613	10,721	8,445	7,210	4,086	4,766	5,318	2,396	2,377	3,323	1,597	3,058	3,938	2,264	2,549	1,712	12,816	301	230	283
Acquisitions of intangible assets
1,270	1,150	245	607	653	610	663	677	571	674	510	355	410	539	380	429	564	518	625	571	681	479	711	459	204	341	324	363	291	338	372	214	216	-	-	-	-
Payment on sale of Ohio call center
500	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of net assets of Ecolink Intelligent Technology, Inc., net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,586	3,216	2,338
Net cash provided by (used for) investing activities
-3,756	-6,609	-6,006	-7,900	-3,453	-3,914	-4,085	41,459	-9,885	-11,136	-12,953	-20,268	-6,870	-7,479	-11,305	-10,890	-8,044	-6,914	-23,828	-9,016	-7,891	-4,565	-5,477	-5,777	-2,600	-2,718	-3,647	-1,960	-3,349	-4,276	-2,636	-2,763	-1,928	-3,740	-4,887	-3,446	-2,621
Cash provided by (used for) financing activities:
Borrowings under line of credit
25,000	15,000	17,500	15,000	25,000	20,000	25,000	10,000	13,000	42,000	30,000	32,000	53,000	54,987	35,000	15,000	42,987	15,000	50,000	19,500	0	-	-	-	-	0	0	6,000	13,500	18,800	4,000	3,000	5,000	-	-	-	-
Repayments on line of credit
15,000	35,000	24,500	26,500	20,000	22,000	32,500	40,000	10,000	18,000	8,000	28,000	14,987	40,000	42,987	30,000	35,000	12,000	15,000	7,500	0	-	-	-	-	0	0	6,000	13,500	25,600	10,200	4,200	7,200	-	-	-	-
Payment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,200	7,200	7,200
Proceeds from stock options exercised
-	-	-	-	-	0	160	265	439	335	265	605	237	1,431	2,277	601	1,935	64	0	659	989	1,722	1,735	1,393	3,272	3,884	4,541	3,353	593	779	39	235	1,151	296	169	1,111	101
Treasury stock purchased
6,291	187	337	189	1,215	1,260	5,450	6,499	615	18,868	5,332	3,496	11,389	10,459	244	220	1,724	10,687	44,411	30,276	4,021	984	909	13,870	405	454	718	877	1,558	2,832	133	177	309	273	6,012	3,129	371
Contingent consideration payments in connection with business combinations
3,091	0	0	0	4,251	0	0	0	3,858	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-322	1,245	379	668	1,548	358	126	587	-2,124	982	419	723	263	645	329	37	62	19	0	30	17	78	186	158
Net cash provided by (used for) financing activities
618	-20,150	-6,926	-11,689	-466	-3,260	-12,790	-36,234	-1,034	5,467	16,933	1,109	26,861	5,637	-4,709	-14,240	8,866	-6,153	-9,053	-17,491	-2,445	-1,386	1,808	-12,058	3,590	3,693	4,468	2,805	-928	-8,833	-6,275	-1,142	-1,328	-1,960	-7,965	-9,032	-7,312
Effect of exchange rate changes on cash and cash equivalents
-3,890	996	-1,592	-521	154	957	134	833	832	4,701	-4,121	-1,408	25	-1,950	-720	-1,612	-852	-1,839	-1,561	-24	566	-618	435	192	-670	705	1,180	933	-295	587	396	-345	221	74	-257	845	624
Net increase (decrease) in cash and cash equivalents
-15,375	19,573	5,164	4,670	-8,312	11,212	-17,438	14,124	-22,030	13,980	-1,052	-12,886	7,463	7,070	-1,304	-6,632	3,111	-11,342	-17,854	-14,940	-15,419	13,557	11,322	-2,758	14,226	31,572	-5,143	21,021	-15,869	3,377	10,528	6,376	-5,060	-2,628	-5,900	-7,188	-9,161
Supplemental cash flow information:
Income taxes paid
1,384	1,667	1,635	2,031	1,942	2,205	1,262	1,298	2,893	2,510	1,628	1,217	2,925	3,857	1,387	1,714	2,933	3,871	943	979	2,000	3,087	909	1,581	1,601	2,749	899	738	1,682	3,951	1,140	4,260	1,094	-	-	-	-
Interest paid
637	924	2,323	-30	1,186	1,259	1,197	1,361	1,164	1,054	716	567	414	282	317	307	302	187	68	0	0	-	-	-	-	0	1	21	22	59	69	81	95	-	-	-	-