Universal stainless & alloy products inc (USAP)
CashFlow / TTM
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

1,642

4,275

4,658

7,807

9,759

10,662

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-4,126

-

-7,158

-23,683

-23,237

-20,672

-15,571

2,869

4,674

4,050

-524

-3,630

-4,601

-4,062

-112

4,344

8,371

14,617

17,792

18,940

19,960

18,122

0

0

0

Adjustments for non-cash items:
Depreciation and amortization

19,512

19,133

18,693

18,727

18,808

18,918

19,251

19,071

18,862

18,823

18,731

18,751

18,744

18,533

18,333

18,574

18,559

18,608

18,559

17,934

17,823

17,476

17,132

16,724

16,216

16,280

16,186

15,800

15,655

14,368

14,406

12,767

10,375

8,851

0

0

0

Deferred income tax

-1,277

-517

100

573

1,313

1,850

-5,584

-5,692

-6,525

-7,593

-521

-1,176

-1,893

-3,525

0

0

0

-

-

-

-

2,935

2,049

-825

-1,623

-2,998

-2,338

1,469

9,340

12,635

8,772

20,623

13,237

10,072

0

0

0

Write-off of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

768

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation expense

1,469

1,390

1,496

1,532

1,548

1,442

1,243

1,271

1,356

1,564

1,800

1,692

1,534

1,405

1,350

1,588

1,731

1,865

2,005

2,011

2,096

2,082

2,028

1,937

1,858

1,827

2,033

1,899

1,733

1,649

1,405

1,507

1,662

1,580

0

0

0

Net gain on asset disposals

-

-

-

-

-

-

-

-

-

-

-

-

-

340

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Accounts receivable, net

1,993

2,977

-7,763

5,205

1,027

7,628

17,640

6,775

7,648

5,567

5,042

9,018

4,039

1,754

-1,662

-10,147

-11,577

-11,374

-10,347

-1,744

5,436

7,610

4,033

7,634

-1,686

-3,334

-4,717

-17,051

-16,039

-10,267

-5,819

7,881

9,437

5,281

0

0

0

Inventory, net

1,991

14,965

20,111

16,783

29,503

20,373

18,575

27,664

26,711

27,378

22,406

16,812

14,306

9,155

-1,199

-12,777

-14,488

-15,929

-3,653

4,569

8,992

20,075

12,718

2,504

-5,555

-11,934

-17,346

-6,290

6,428

12,402

24,931

22,299

15,243

16,958

0

0

0

Accounts payable

-9,259

-1,412

-471

-3,465

11,678

5,293

-452

6,166

-2,944

14,178

11,653

9,611

11,081

7,096

4,471

-1,038

-5,799

-13,009

-7,191

-7,607

-3,500

10,721

8,784

12,714

6,119

3,678

-3,206

-11,016

-7,495

-19,302

-8,009

-6,878

-9,487

-5

0

0

0

Accrued employment costs

213

-3,490

-2,839

-1,253

-26

3,865

3,789

2,713

1,144

272

-346

-189

181

547

-547

213

-1,458

-2,755

-1,933

-1,023

-486

2,581

2,414

360

499

-1,241

-2,653

-1,080

-1,701

-2,876

-1,350

100

1,479

2,057

0

0

0

Income taxes

79

84

-266

-218

-239

-246

172

-69

50

77

-200

52

-37

200

247

289

121

-248

42

-191

-106

514

188

1,597

944

494

382

3,760

-1,134

3,208

8,950

-6,637

-2,924

-4,672

0

0

0

Other, net

2,735

5,930

2,218

978

1,191

-2,824

-825

-138

-205

881

1,063

793

317

22

-299

-928

-152

130

54

422

-335

-215

4,110

27

1,194

340

-3,501

1,576

2,928

180

2,030

1,954

-284

2,887

0

0

0

Net cash (used in) provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

6,871

-

15,123

26,059

22,793

19,170

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in operating activities

5,660

-4,409

6,805

737

11,120

16,607

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

35,844

36,929

31,440

21,972

20,824

8,268

9,886

10,859

0

0

0

Investing Activity:
Capital expenditures

15,839

17,354

15,485

18,137

18,460

15,388

16,508

11,575

9,068

7,996

5,956

5,708

4,971

4,376

4,273

5,468

7,387

9,551

13,493

13,520

12,833

11,173

7,515

8,263

9,487

11,789

0

0

0

-

-

-

-

16,790

0

0

0

Proceeds from sale of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

1,571

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) investing activity

-

-

-

-

-

-

-

-

-

-

-

-

-4,971

-

-2,484

-3,679

-5,598

-9,333

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures, net of amount included in accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Net cash used in investing activity

-15,839

-17,354

-15,475

-18,127

-18,450

-15,378

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-17,877

-25,845

-33,681

-35,043

-39,452

-120,592

-111,822

-108,068

0

0

0

Financing Activities:
Borrowings under revolving credit facility

173,689

174,907

167,203

212,798

290,631

368,910

456,959

457,023

407,180

350,314

297,218

268,302

241,692

241,152

181,301

140,697

109,526

73,515

98,267

122,426

124,041

103,785

95,872

76,137

73,453

76,784

81,668

86,282

89,929

119,092

0

0

0

-

-

-

-

Payments on revolving credit facility

159,165

153,632

159,907

189,914

310,987

388,728

457,845

471,352

377,195

338,836

287,266

257,775

239,379

259,243

206,216

176,039

139,222

80,253

103,758

118,520

117,277

103,706

96,381

84,772

87,894

92,230

99,759

97,573

89,031

87,000

0

0

0

-

-

-

-

Borrowings under term loan facility

-

-

-

-

-

-

-

-

-

-

-

-

-

30,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds under New Markets Tax Credit financing

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on term loan facility, finance leases, and notes

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on term loan facility, finance leases, and notes

-

-

-

-

-

-

-

0

4,652

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bank overdrafts

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of financing costs

-

-

-

-

-

1,109

0

0

0

-

-

-

-

750

0

0

0

-

-

-

-

-

-

-

-

1,165

487

487

475

348

0

0

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,057

16,671

16,283

3,000

3,000

3,000

3,000

3,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Payment on term loan facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Payment on term loan facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Proceeds from the exercise of stock options

-

471

358

930

852

865

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

1,216

1,395

1,524

1,117

0

0

0

-

-

-

-

-

-

-

-

Purchase of treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

234

0

0

0

-

-

-

-

Net cash provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-2,597

-

-12,668

-22,732

-16,507

-9,867

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax benefit from share-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Net cash provided by financing activities

9,763

17,842

3,683

11,652

-579

2,655

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-18,137

-10,531

1,978

13,118

18,583

84,470

72,533

63,083

0

0

0

Net increase (decrease) in cash and restricted cash

-416

-3,921

-4,987

-5,738

-7,909

3,884

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-29

-352

688

-30

-299

255

130

-165

625

-568

-22

-14

-170

553

-263

47

-45

-27,854

-29,403

-34,126

0

0

0

Capital expenditures included in accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,914

10,611

11,480

7,690

0

0

0