Vishay precision group, inc. (VPG)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'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 Income (Loss), Including Portion Attributable to Noncontrolling Interest

3,292

3,859

4,530

5,580

8,326

3,437

-

7,567

7,683

4,958

4,450

4,325

3,616

2,003

2,980

1,083

1,849

496

-13,349

-1,952

1,460

847

-4,818

3,264

3,570

1,242

1,311

1,455

1,290

436

5,741

1,912

3,004

1,634

1,167

3,238

3,025

3,364

Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization

3,199

3,156

3,020

2,765

2,854

2,692

-

2,607

2,648

2,684

2,649

2,659

2,637

2,681

2,733

2,776

2,894

2,746

2,955

2,618

2,737

2,787

3,010

2,943

2,937

2,846

3,048

2,989

3,020

3,007

2,990

2,848

2,904

2,975

2,896

2,813

2,806

2,806

Loss from extinguishment of debt

-30

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss on disposal of property and equipment

3

-134

50

51

-1

-26

-

63

30

53

2

52

32

109

799

-7

16

15

-1

-15

3

-2

-2

-52

-12

3

-68

21

1

5

61

-28

-368

177

0

8

-4

-24

Share-based compensation expense

379

-256

506

572

514

627

-

371

428

373

540

467

249

243

-428

-82

191

356

287

380

149

267

228

295

263

222

-186

225

369

335

304

304

323

239

243

242

250

226

Inventory write-offs for obsolescence

631

651

548

900

489

243

-

475

545

613

403

680

685

297

345

545

502

363

164

274

436

480

318

410

124

438

50

370

344

187

448

315

457

224

509

184

620

345

Deferred income taxes

-233

-3,161

226

66

313

-573

-

498

818

268

1,626

368

-7

-97

1,838

3

-1,523

-17

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

1,137

-1,187

-1,924

386

2,367

-283

-

-81

-1,178

723

-1,800

462

86

359

1,182

58

-5

809

-331

-971

-252

-967

-1,558

782

581

-527

-3,610

2,353

230

631

-700

-304

1,049

-208

-1,051

-97

-410

3,591

Net changes in operating assets and liabilities:
Accounts receivable, net

4,956

-3,021

-1,263

-6,235

-850

-371

-

1,987

622

5,519

3,507

102

3,566

3,362

817

-1,148

-76

-915

-2,164

-489

1,125

546

-4,194

-981

3,102

1,755

3,296

-1,417

2,558

1,890

-4,157

-1,042

-97

148

-2,981

-758

1,522

2,176

Inventories, net

-1,449

-3,519

850

1,781

1,507

-1,840

-

-369

5,394

1,910

1,027

2,519

1,045

-284

-923

1,210

815

866

-1,198

814

827

3,518

271

424

-122

-224

-141

-1,129

-4,017

237

711

-839

2,418

-634

277

1,537

697

559

Prepaid expenses and other current assets

1,380

-701

2,487

-183

3,484

-3,188

-

876

-793

2,517

323

1,540

-757

2,154

-2,803

969

84

795

-2,509

653

-1,718

775

-1,114

262

158

428

-2,890

1,995

-1,558

2,560

-1,097

1,102

326

-302

-1,241

1,727

993

2,096

Trade accounts payable

-617

-920

-708

-1,273

628

523

-

-952

-2,077

1,687

833

156

-402

1,422

-216

362

-700

791

-294

-586

-1,628

-42

437

462

-482

201

1,963

-911

-966

373

-1,107

167

-2,206

694

-2,497

1,698

183

583

Other current liabilities

5,642

-4,754

-331

-3,884

1,488

1,950

-

2,495

-407

1,943

486

3,490

1,644

2,032

-3,252

2,699

-2,842

-2,429

2,070

485

-771

-2,818

2,993

652

4

-1,342

1,040

-107

-1,509

-397

-962

691

-733

-836

539

3,673

-1,458

-1,285

Net cash provided by operating activities

6,296

6,310

7,591

8,926

8,105

17,427

-

10,585

5,563

1,804

7,928

7,470

4,450

2,881

4,928

6,304

-463

736

8,963

5,353

2,300

-2,349

10,782

7,591

2,709

2,172

8,418

2,198

5,334

-1,382

7,644

7,348

2,059

4,111

5,892

9,431

2,628

-2,359

Investing activities
Capital expenditures

3,344

-

2,857

2,430

3,334

-

-

3,832

1,838

4,296

-

1,220

1,184

1,962

-

1,832

2,243

2,191

-

2,471

2,237

2,800

3,516

2,140

1,426

2,009

2,832

2,100

992

818

2,559

1,617

1,600

2,588

5,944

5,249

2,175

2,923

Proceeds from sale of property and equipment

15

350

51

185

29

-37

-

63

53

53

99

116

178

148

3,887

66

222

28

0

52

65

0

8

11

60

3

5

34

29

13

89

115

6

150

4

9

80

54

Purchase of business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-969

49,888

-

0

0

0

-

-

-

-

Net cash used in investing activities

-3,329

-42,706

-2,806

-2,245

-3,305

-4,592

-

-3,769

-1,785

-4,243

-2,495

-1,104

-1,006

-1,814

-

-1,766

-12,748

-2,163

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-22,492

-2,419

-2,172

-2,800

-3,508

-2,129

-1,366

-2,006

-2,827

-2,066

6

-50,693

-2,470

-1,502

-1,594

-2,438

-5,940

-5,240

-2,095

-2,869

Financing activities
Proceeds from long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

25,000

-

0

0

0

-

-

-

-

Repayments of Long-term Debt

33

-

1,150

1,156

1,155

-

-

881

877

2,970

-

657

657

657

-

535

533

531

10,161

2,029

530

1,280

-3,105

1,035

1,035

1,035

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of principal upon termination of long-term borrowings

3,352

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on long-term debt and capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-786

-787

-789

-

-46

-44

-46

-46

-45

-45

0

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

384

-

0

0

0

-

-

-

-

Net changes in short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,409

674

92

560

Distributions to noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32

19

13

-

10

40

0

0

0

0

15

Proceeds from revolving facility

-

-

-

-

-

-

-

11,000

3,000

8,000

-

11,000

9,000

7,000

-

6,000

11,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on revolving facility

-

-

-

-

-

-

-

13,000

3,000

3,000

-

11,000

9,000

7,000

-

6,000

6,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs

402

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,596

4,906

1,231

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to noncontrolling interests

-25

-

-47

36

-34

-

-

28

-12

-117

-

-14

-44

-2

-3

-4

0

-8

-5

-13

-29

-16

-19

-15

-25

-18

-

-

-

-

-

-

-

-

-

-

-

-

Payments of employee taxes on certain share-based arrangements

813

0

0

59

795

0

-

0

16

785

0

0

0

303

0

0

0

85

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-4,625

20,836

-1,197

-1,179

-1,984

-883

-

-2,853

-905

1,128

-672

-671

-701

-962

-537

-539

4,467

-624

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

-2,521

1,171

-994

59

169

-421

-

-48

-1,894

753

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in cash and cash equivalents

-4,179

-

-

-

2,985

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in cash and cash equivalents

-

-

-

-

-

-

-

3,915

979

-558

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosure of investing transactions:
Net cash (used in) provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,923

-4,638

-5,465

-2,527

-1,078

-1,050

-1,060

-1,053

-804

-818

-806

23,814

-62

-56

-84

-46

-1,455

629

47

545

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

1,038

1,164

694

-1,901

-89

-413

790

-927

-578

581

-1,754

-1,978

-1,443

131

119

-209

803

-1,068

-930

-523

1,326

-1,289

587

-987

-1,445

228

1,573

Increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

6,733

3,907

799

2,319

3,910

-9,157

-1,261

-533

-2,282

-4,756

-9,430

4,218

2,969

414

-768

4,578

117

3,466

-29,191

4,589

7,116

-908

2,214

-2,490

3,375

808

-3,110

Supplemental disclosure of investing transactions:
Capital expenditures purchased

3,178

-

-

-

1,986

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosure of financing transactions:
Non-cash extinguishment of long-term debt facility (see Note 7)

7,020

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash refinancing of revolving facility (see Note 7)

7,020

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosure of non-cash financing transactions:
Conversion of exchangeable notes to common stock

-

-

-

-

-

0

-

0

0

2,794

0

0

1,303

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures incurred but not yet paid

-

-

-

-

-

-

-

-

-

1,773

-

1,220

1,184

1,962

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-