Ufp industries, inc. (UFPI)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings

182,404

152,412

124,040

105,497

85,132

61,564

45,804

26,010

5,913

19,911

24,272

Adjustments to reconcile net earnings to net cash from operating activities:
Depreciation

60,494

54,949

48,536

40,823

37,710

33,913

31,091

30,461

30,804

30,429

32,917

Amortization of intangibles

6,300

6,400

4,900

2,795

3,531

2,410

2,473

2,918

5,183

6,919

8,308

Expense associated with share-based and grant compensation arrangements

4,007

3,574

3,805

2,335

1,955

1,919

1,900

1,270

1,361

2,418

1,597

Excess tax benefits from share-based compensation arrangements

-

-

-

-

-

14

112

75

36

430

603

Expense tax benefits from share-based compensation arrangements

-

-

-

-

-33

94

-58

-97

-167

-214

109

Loss reserve on notes receivable

-

-

-

-

-

-

15

2,131

0

0

-

Deferred income taxes (credit)

7,176

857

-8,629

2,464

-1,369

4,926

4,453

2,526

-1,939

-2,708

4,744

Unrealized (gain) loss on investments

2,523

-1,888

25

267

-

-

-

-

-

-

-

Net earnings attributable to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

473

Equity in earnings of investee

-

-

-

-

374

378

201

79

-58

70

-

Net gain on disposition of assets and impairment of assets

-1,565

6,604

863

-

-172

3,400

-297

6,890

-2,490

-1,239

773

Changes in:
Accounts receivable

16,872

8,512

30,787

5,119

26,007

9,710

17,886

32,274

6,784

18,498

-31,071

Inventories

-73,120

84,304

49,262

3,245

-34,139

49,575

42,287

45,529

4,496

24,946

-31,522

Accounts payable and cash overdraft

-24,132

-5,213

21,159

11,259

4,798

15,390

7,835

16,281

-9,964

9,646

-862

Accrued liabilities and other

57,727

1,245

23,749

15,978

29,142

15,981

21,026

-2,568

-11,242

5,143

-5,901

NET CASH USED IN OPERATING ACTIVITIES

349,291

116,685

136,583

172,520

168,796

73,120

54,440

-5,721

11,515

29,267

126,874

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property, plant and equipment

84,933

95,862

71,116

53,762

43,522

45,305

40,023

30,344

32,932

26,950

15,604

Proceeds from sale of property, plant and equipment

1,777

38,373

2,919

3,126

2,843

9,005

1,778

18,240

1,814

835

11,724

Acquisitions and purchases of non-controlling interest, net of cash received

39,122

54,017

60,587

-

-

-

-

-

-

-

-

Investment in joint venture

-

-

-

-

-

-

-

-

-

-

659

Acquisitions, net of cash received

-

-

-

80,077

2,505

34,641

11,478

16,974

0

6,529

-

Investment in life insurance contracts

15,300

-

-

-

-

-

-

-

-

-

-

Repayments of debt of acquiree

-

-

-

92,830

-

0

-

-

-

-

-

Purchase and dissolution of remaining noncontrolling interest in subsidiary

-

-

-

-

-

0

0

95

175

4,589

-

Purchase and dissolution of remaining noncontrolling interest in subsidiary

-

-

-

892

1,256

6,201

-

-

-

-

-

Advances of notes receivable

-

-

-

6,012

6,994

-

2,673

1,183

2,468

5,780

14

Collections on notes receivable

-

-

-

7,899

11,446

9,926

2,814

2,839

472

227

171

Purchases of investments

13,352

13,338

13,518

5,666

7,858

0

0

-

-

-

-

Proceeds from sale of investments

9,828

3,678

5,103

2,568

1,115

0

0

-

-

-

-

Cash restricted as to use

-

-

-

-

-

-315

-6,111

6,178

-10

175

-

Insurance proceeds

-

-

-

-

-

-

-

-

-

-

1,023

Other

982

66

460

2,011

-95

162

132

528

-289

-13

-30

NET CASH USED IN INVESTING ACTIVITIES

-142,037

-121,232

-137,659

-227,657

-46,636

-67,063

-43,603

-34,223

-32,990

-42,598

-3,329

CASH FLOWS FROM FINANCING ACTIVITIES:
Borrowings under revolving credit facilities

422,057

732,370

758,287

131,002

297,711

211,770

251,801

294,055

-

-

-

Repayments under revolving credit facilities

460,537

748,496

722,725

107,294

311,271

197,825

262,891

282,965

2,109

-2,109

30,257

Borrowings of debt

-

927

8,525

-

-

-

-

-

-

-

-

Repayment of debt

3,136

5,540

13,347

-

-

-

-

-

-

-

-

Issuance of long-term debt

-

75,000

-

-

-

-

-

75,000

0

0

800

Repayment of long-term debt

-

-

-

-

-

-

-

42,774

745

744

19,207

Debt issuance costs

-

-

-

-

-

-

46

266

946

0

-

Proceeds from issuance of common stock

1,093

1,026

660

536

1,074

541

2,144

2,061

2,971

2,333

2,420

Capital contribution from noncontrolling interest

-

-

-

-

-

-

-

281

80

450

14

Dividends paid to shareholders

24,549

22,072

19,607

3,280

3,188

12,205

8,166

7,905

7,818

7,727

5,017

Purchase of additional noncontrolling interest

-

-

-

-

-

-

-

-

402

1,227

-1,770

Distributions to noncontrolling interest

2,216

3,139

4,032

17,680

16,507

1,910

1,460

871

1,413

1,244

-270

Repurchase of common stock

-

24,629

12,977

-

800

4,866

0

0

-

4,999

3,379

Excess tax benefits from share-based compensation arrangements

-

-

-

-

-

-

112

75

36

430

603

Other

20

-1,054

-31

-73

-21

-710

84

4

32

8

-72

NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES

-67,268

4,393

-5,247

3,211

-33,002

-5,205

-18,422

36,695

-10,314

-10,611

-56,135

Effect of exchange rate changes on cash

482

-464

650

-1,927

-1,221

-852

-62

244

-259

70

-

NET CHANGE IN CASH AND CASH EQUIVALENTS

140,468

-618

-5,673

-53,853

87,937

0

-7,647

-3,005

-32,048

23,872

67,410

SUPPLEMENTAL SCHEDULE OF CASH FLOW INFORMATION:
Interest paid

-

-

-

-

-

4,334

4,883

3,982

3,654

3,554

-4,905

Income taxes paid

-

-

-

-

-

38,475

14,427

16,751

6,163

-1,698

-12,346

NON-CASH INVESTING ACTIVITIES
Accounts receivable exchanged for notes receivable

-

-

-

-

-

2,768

1,635

0

0

-

-

Notes receivable exchanged for property

-

-

-

-

-

3,000

3,900

0

0

-

-

NON-CASH FINANCING ACTIVITIES:
Stock acquired through employees' stock notes receivable

-

-

-

-

-

-

-

-

-

-

125

Common stock issued under deferred compensation plans

-

-

-

-

-

2,567

1,800

1,310

246

306

-338