VIRCO MFG CORPORATION VIRC Cash Flow

Virco mfg corporation (VIRC)

CashFlow / TTM

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11
Operating activities
Net Income (Loss) Attributable to Parent
2,382	243	-717	-1,109	-1,614	-3,715	-4,123	-4,570	-3,209	356	21,830	23,687	22,760	22,018	4,022	4,589	4,549	0	0	0	-2,145	-1,138	-1,730	-3,787	-4,287	-3,444	-3,830	-2,708	-8,915	-13,236	-13,803	0	0	0
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization
5,769	5,853	5,882	5,828	5,791	5,713	5,690	5,614	5,466	5,273	5,072	4,988	5,026	5,033	5,000	4,932	4,757	0	0	0	4,331	4,264	4,209	4,143	4,136	4,189	4,368	4,535	4,716	4,917	5,021	0	0	0
Non-cash lease expense
341	258	173	89	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for doubtful accounts
83	-3	-3	-3	-3	55	55	55	55	152	142	159	160	151	151	142	141	0	0	0	4	-1	-6	42	-5	-25	-75	76	146	146	196	0	0	0
Increase in inventory reserve
-	-	-	-	-	-	-	-	-	-	-	-	-626	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in inventory reserve
-	-	-	-	-	-	-	-	-	-	-	-	-626	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on sale of property, plant and equipment
-34	-3	-3	0	1	1	16	17	16	16	2	1	2	2	-16	-16	-9	0	0	0	-3	5	10	12	49	42	37	0	0	0	-	-	-	-
Deferred income taxes
209	2,259	2,081	373	419	4,105	4,372	5,690	5,821	2,945	-16,682	-19,438	-18,122	-17,782	151	59	77	0	0	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Stock-based compensation
924	921	893	866	908	901	883	891	830	768	718	652	609	566	525	495	493	0	0	0	507	514	523	545	558	580	698	723	769	796	735	0	0	0
Defined pension plan settlement
-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of net actuarial loss for pension plans
-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Pension settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Trade accounts receivable
-1,408	-6,584	-3,004	3,392	1,868	3,161	3,908	-982	1,470	2,198	6,367	1,083	-14	-1,305	84	-775	-544	0	0	0	-2,702	915	-376	3,087	-560	-1,240	-4,057	842	-2,066	-785	2,476	0	0	0
Other receivables
17	-286	235	-72	10	282	94	102	-181	-401	31	-30	182	323	-100	29	-10	0	0	0	-60	-1	-56	51	66	0	-293	24	8	25	233	0	0	0
Inventories
-3,960	237	-1,279	1,013	5,232	6,293	9,435	7,710	6,368	5,348	-659	1,581	1,712	4,837	10,710	11,933	8,275	0	0	0	8,345	2,573	2,364	-1,069	-846	-992	-2,475	-4,567	-5,824	-11,589	-7,579	0	0	0
Income taxes
-97	-140	-155	-78	-3	52	4	25	112	65	104	68	41	-3	15	-8	-54	0	0	0	-124	-138	-105	-1,052	-981	-959	-930	-297	-342	-375	-369	0	0	0
Prepaid expenses and other current assets
-215	-385	-102	-245	79	278	399	269	-73	95	289	334	536	529	453	585	532	0	0	0	-133	-26	58	-657	-865	-1,253	-567	611	66	591	31	0	0	0
Accounts payable and accrued liabilities
-6,228	-7,565	-7,366	-2,145	2,722	1,949	876	710	-748	-719	1,192	-4,164	-4,148	-3,965	-2,958	-144	2,838	0	0	0	-2,872	-587	-3,603	-699	-3,644	-5,312	-2,781	-1,925	-1,589	-2,147	378	0	0	0
Net cash provided by operating activities
9,759	9,767	5,962	1,069	2,363	497	-4,772	2,233	1,682	2,899	7,661	4,845	5,862	4,180	-1,330	1,004	7,507	0	0	0	-2,360	2,275	-243	1,043	193	885	7,260	5,454	4,965	4,065	-784	0	0	0
Investing activities
Capital expenditures
4,216	5,039	6,018	5,470	5,395	-2,994	4,003	5,456	6,208	13,690	6,364	5,207	4,408	3,917	3,821	4,158	4,261	0	0	0	3,675	3,499	3,632	3,304	3,009	2,525	2,050	1,956	1,721	1,681	2,159	0	0	0
Proceeds from sale of property, plant and equipment
17	0	0	0	3	-3	24	25	22	28	2	1	2	2	1	1	8	0	0	0	0	8	19	19	70	64	53	0	0	0	-	-	-	-
Investments in life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	-	-	-	-	-	-	-	-
Net cash used in investing activities
-4,258	-5,095	-6,074	-5,526	-5,448	-4,090	-11,060	-12,512	-13,267	-13,727	-6,427	-5,271	-4,471	-3,859	-3,764	-4,101	-4,197	0	0	0	-3,700	-3,516	-3,638	-3,041	-2,695	-2,217	-1,753	-1,731	-1,548	-1,509	-1,987	0	0	0
Financing activities
Proceeds from long-term debt
39,770	34,601	34,589	36,269	54,711	51,033	51,033	50,401	36,742	37,185	37,185	37,194	37,447	37,004	37,004	34,260	31,960	0	0	0	33,545	30,505	28,851	28,851	28,850	29,078	28,422	0	0	0	-	-	-	-
Repayment of long-term debt
44,488	40,455	33,874	33,542	49,978	45,409	35,986	36,741	25,072	26,791	37,761	36,852	38,601	36,347	30,708	30,504	34,719	0	0	0	28,668	28,851	24,656	26,886	27,037	28,433	35,876	0	0	0	-	-	-	-
Tax withholding payments on share-based compensation
-	-	-	265	-	-	-	339	339	339	339	264	264	264	264	206	206	0	0	0	-	-	116	0	0	0	-	-	-	-	-	-	-	-
Payment on deferred financing costs
125	125	125	125	249	124	124	124	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividend paid
0	233	466	699	930	697	464	231	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock issued
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Issuance of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Repayment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Cash dividend paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	354	710	0	0	0
Net cash (used in) provided by financing activities
-5,089	-6,456	-120	1,638	3,289	4,538	14,194	12,966	11,331	10,055	-915	78	-1,418	393	6,032	3,550	-2,965	0	0	0	4,747	1,538	4,079	1,797	1,598	548	-7,551	-3,829	-1,590	-1,365	4,140	0	0	0
Net (decrease) increase in cash
-	0	0	-2,819	-	945	-1,638	2,687	-254	-773	319	-348	-27	714	938	453	345	0	0	0	-1,313	297	198	-201	-904	-784	-2,044	-106	1,827	1,191	1,369	0	0	0