Universal stainless & alloy products inc (USAP)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Operating Activities:
Net (loss) income

-1,411

200

767

2,086

1,222

583

3,916

4,038

2,125

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-1,219

-

-520

-802

-2,440

-3,396

-17,045

-356

125

1,705

1,395

1,449

-499

-2,869

-1,711

478

40

1,081

2,745

4,505

6,286

4,256

3,893

5,525

4,448

Adjustments for non-cash items:
Depreciation and amortization

5,025

4,898

4,813

4,776

4,646

4,458

4,847

4,857

4,756

4,791

4,667

4,648

4,717

4,699

4,687

4,641

4,506

4,499

4,928

4,626

4,555

4,450

4,303

4,515

4,208

4,106

3,895

4,007

4,272

4,012

3,509

3,862

2,985

4,050

1,870

1,470

1,461

Deferred income tax

-525

-1,094

-31

373

235

-477

442

1,113

772

-7,911

334

280

-296

-839

-321

-437

-1,928

-

-

-

-

625

963

614

733

-261

-1,911

-184

-642

399

1,896

7,687

2,653

-3,464

13,747

301

-512

Write-off of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

768

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation expense

511

290

332

336

432

396

368

352

326

197

396

437

534

433

288

279

405

378

526

422

539

518

532

507

525

464

441

428

494

670

307

262

410

426

409

417

328

Net gain on asset disposals

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-9

-40

389

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Accounts receivable, net

1,019

-827

-4,595

6,396

2,003

-11,567

8,373

2,218

8,604

-1,555

-2,492

3,091

6,523

-2,080

1,484

-1,888

4,238

-5,496

-7,001

-3,318

4,441

-4,469

1,602

3,862

6,615

-8,046

5,203

-5,458

4,967

-9,429

-7,131

-4,446

10,739

-4,981

6,569

-2,890

6,583

Inventory, net

-12

7,337

1,134

-6,468

12,962

12,483

-2,194

6,252

3,832

10,685

6,895

5,299

4,499

5,713

1,301

2,793

-652

-4,641

-10,277

1,082

-2,093

7,635

-2,055

5,505

8,990

278

-12,269

-2,554

2,611

-5,134

-1,213

10,164

8,585

7,395

-3,845

3,108

10,300

Accounts payable

-9,161

8,316

-1,613

-6,801

-1,314

9,257

-4,607

8,342

-7,699

3,512

2,011

-768

9,423

987

-31

702

5,438

-1,638

-5,540

-4,059

-1,772

4,180

-5,956

48

12,449

2,243

-2,026

-6,547

10,008

-4,641

-9,836

-3,026

-1,799

6,652

-8,705

-5,635

7,683

Accrued employment costs

-687

619

-882

1,163

-4,390

1,270

704

2,390

-499

1,194

-372

821

-1,371

576

-215

1,191

-1,005

-518

545

-480

-2,302

304

1,455

57

765

137

-599

196

-975

-1,275

974

-425

-2,150

251

2,424

954

-1,572

Income taxes

7

140

-55

-13

12

-210

-7

-34

5

208

-248

85

32

-69

4

-4

269

-22

46

-172

-100

268

-187

-87

520

-58

1,222

-740

70

-170

4,600

-5,634

4,412

5,572

-10,987

-1,921

2,664

Other, net

524

2,195

200

-184

3,719

-1,517

-1,040

29

-296

482

-353

-38

790

664

-623

-514

495

343

-1,252

262

777

267

-884

-495

897

4,592

-4,967

672

43

751

110

2,024

-2,705

2,601

34

-214

466

Net cash (used in) provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

8

-

1,739

5,219

1,543

6,622

12,675

1,953

-2,080

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in operating activities

-7,772

4,664

6,592

2,176

-17,841

15,878

524

12,559

-12,354

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,199

-

11,344

4,978

5,646

13,876

12,429

-511

-3,822

12,728

-127

1,107

-2,849

Investing Activity:
Capital expenditures

4,042

4,046

3,912

3,839

5,557

2,177

6,564

4,162

2,485

3,297

1,631

1,655

1,413

1,257

1,383

918

818

1,154

2,578

2,837

2,982

5,096

2,605

2,150

1,322

1,438

3,353

3,374

3,624

-

-

-

-

-74,508

87,626

2,440

1,232

Proceeds from sale of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,571

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) investing activity

-

-

-

-

-

-

-

-

-

-

-

-

-1,413

-

-1,383

-918

753

-936

-2,578

-2,837

-2,982

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures, net of amount included in accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,986

-

-

-

-

Net cash used in investing activity

-4,042

-4,046

-3,912

-3,839

-5,557

-2,167

-6,564

-4,162

-2,485

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,322

-

-3,353

-3,374

-3,624

-7,526

-11,321

-11,210

-4,986

-11,935

-92,461

-2,440

-1,232

Financing Activities:
Borrowings under revolving credit facility

49,232

29,219

36,911

58,327

50,450

21,515

82,506

136,160

128,729

109,564

82,570

86,317

71,863

56,468

53,654

59,707

71,323

-3,383

13,050

28,536

35,312

21,369

37,209

30,151

15,056

13,456

17,474

27,467

18,387

18,340

22,088

31,114

47,550

-

-

-

-

Payments on revolving credit facility

34,872

30,535

38,565

55,193

29,339

36,810

68,572

176,266

107,080

105,927

82,079

82,109

68,721

54,357

52,588

63,713

88,585

1,330

22,411

26,896

29,616

24,835

37,173

25,653

16,045

17,510

25,564

28,775

20,381

25,039

23,378

20,233

18,350

-

-

-

-

Borrowings under term loan facility

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

30,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds under New Markets Tax Credit financing

-

-

-

-

-

-

0

-175

3,010

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on term loan facility, finance leases, and notes

2,483

-

-

-

2,472

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on term loan facility, finance leases, and notes

-

-

-

-

-

-

-

2,395

1,172

-

1,157

1,153

1,598

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bank overdrafts

-

-

-

-

1,276

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of financing costs

-

-

-

-

-

4

410

344

351

-

-

-

-

0

48

0

702

-

-

-

-

-

-

-

-

678

0

12

475

0

0

0

348

-

-

-

-

Payments on term loan facility, capital leases, and convertible notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,136

1,138

14,033

750

750

750

750

750

750

750

750

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

71

0

500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

229

-

11

305

99

Payment on term loan facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-40,000

-709

709

Payment on term loan facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

20,000

-

-

-

-

Proceeds from the exercise of stock options

-

144

0

286

41

31

572

208

54

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

197

-

17

243

648

308

196

372

241

-

-

-

-

-

-

-

-

Purchase of treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1

0

233

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

1,544

-

-47

-5,144

-1,497

-5,980

-10,111

1,081

5,143

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

139

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax benefit from share-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

63

101

64

-

15

-12

72

Net cash provided by financing activities

11,877

-1,652

-2,134

1,672

19,956

-15,811

5,835

-10,559

23,190

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,091

-

-8,644

-986

-2,228

-6,279

-1,038

11,523

8,912

-814

64,849

-414

-538

Net increase (decrease) in cash and restricted cash

63

-1,034

546

9

-3,442

-2,100

-205

-2,162

8,351

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

309

-843

799

-294

-14

197

81

-563

540

72

-214

227

-653

618

-206

71

70

-198

104

-21

-27,739

-1,747

-4,619

Capital expenditures included in accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-643

-860

4,725

4,692

2,054

9

935