Weyco group inc (WEYS)
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
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings

1,162

8,815

6,585

1,514

3,968

9,468

6,152

1,523

2,816

8,361

4,920

1,303

2,115

8,582

4,701

1,078

2,632

7,099

5,377

2,085

3,592

8,528

5,545

2,501

3,250

7,258

5,601

2,265

3,125

8,340

5,452

2,552

4,055

6,102

4,549

2,288

3,502

Adjustments to reconcile net earnings to net cash provided by operating activities -
Depreciation

733

814

828

823

827

870

937

943

962

985

976

994

1,001

962

873

916

919

912

962

1,004

734

884

887

935

953

995

982

1,032

953

896

839

803

800

506

743

685

657

Amortization

71

61

8

42

83

80

67

79

92

84

79

89

97

99

94

95

99

92

112

112

110

98

112

97

54

-8

109

86

85

56

65

90

94

75

95

37

46

Bad debt expense

145

22

21

31

48

121

30

55

105

271

59

158

133

-20

51

187

-142

45

79

77

34

45

43

40

112

11

34

51

36

2

21

74

78

183

34

73

26

Deferred income taxes

360

-660

-148

-49

-12

-710

512

706

135

-5

758

1,424

10

-4,182

765

628

144

-110

939

-428

-55

1,162

-391

337

7

2,213

-218

-299

-428

3,029

-540

-399

-442

1,077

-463

-896

-61

Net foreign currency transaction (gains) losses

356

-92

123

-2

-16

-127

-227

-119

14

85

46

16

-1

124

241

-1

149

-178

-340

-240

-203

-94

-178

69

-65

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on remeasurement of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

462

701

518

-

-

-

-

Net foreign currency transaction losses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

155

-456

-124

-

7

-141

51

106

-182

-168

47

Share-based compensation expense

351

350

371

365

366

364

344

454

351

448

395

410

369

438

394

363

364

447

391

361

360

419

370

338

338

335

315

317

316

305

298

299

299

328

299

329

268

Pension expense

111

262

262

294

229

174

96

213

213

249

249

231

266

684

833

900

767

888

937

937

937

553

553

428

678

-

-

-

-

769

769

880

989

624

738

737

737

Pension expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

970

971

825

-

-

-

-

-

-

-

-

Loss on disposal of fixed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

26

-26

13

Net losses (gains) on disposal of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

-

-

-

-

Increase in cash surrender value of life insurance

135

314

135

-20

135

278

135

-20

135

267

135

-20

135

323

135

-20

135

323

135

-20

135

302

135

-20

135

290

135

-20

135

285

135

-20

135

259

395

-268

141

Changes in operating assets and liabilities -
Accounts receivable

-4,878

-5,275

17,555

-11,326

-816

-5,148

19,021

-12,879

1,415

-6,340

18,882

-10,356

-2,823

-6,893

18,330

-19,566

4,950

-13,232

23,630

-12,090

683

-7,915

21,938

-12,764

5,528

-13,688

19,545

-13,550

7,272

-9,577

20,407

-15,798

10,554

-7,061

245

2,188

5,895

Inventories

-18,704

5,420

-1,443

16,965

-6,900

12,567

3,534

5,451

-9,165

2,561

-3,154

5,724

-14,765

-672

-6,083

1,755

-22,313

4,438

6,844

24,822

-7,822

4,768

896

13,565

-13,422

10,600

312

-1,210

-11,750

2,531

2,227

9,269

-11,351

6,150

-7,145

12,546

-7,884

Prepaid expenses and other assets

-2,176

2,354

364

87

-2,182

2,225

-229

63

-2,590

2,681

-336

379

-3,210

2,395

719

196

-1,715

1,885

-1,444

-808

-1,870

2,457

958

285

-2,799

3,598

-3,204

1,617

-1,716

480

-472

-61

-315

1,488

-1,796

1,465

-405

Accounts payable

-8,477

6,103

1,194

378

-7,990

6,826

80

578

-3,586

4,025

89

169

-7,096

6,321

1,128

-256

-8,571

5,589

866

391

-8,841

7,220

1,947

10

-7,551

7,297

2,177

-1,886

-4,742

1,599

5,146

-1,526

-7,021

3,926

1,699

454

-3,938

Accrued liabilities and other

-5,410

1,056

1,321

343

-3,537

2,132

464

-1,811

-3,402

1,871

1,608

1,517

-1,276

-424

1,306

-324

-2,005

1,220

952

-195

-5,564

1,022

580

311

-1,309

-714

2,860

-666

-4,338

991

1,461

59

-1,155

508

1,431

309

-1,629

Accrued income taxes

680

-1,148

1,896

-2,254

696

2,149

1,389

-1,601

490

102

2,114

-3,073

981

28

1,916

-3,283

528

-658

1,964

-2,629

1,218

195

2,963

-3,099

1,146

-1,483

3,056

-3,162

1,669

-2,537

2,609

-2,625

2,233

-581

1,930

-3,238

957

Acquisition of businesses, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

27,023

Net cash provided by operating activities

14,993

13,543

-4,396

-4,217

4,457

11,205

-12,163

5,643

8,367

17,100

-4,326

3,479

17,264

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,646

6,260

335

-

-9,522

12,129

2,758

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,540

13,529

-

-18,522

-10,306

1,602

21,219

-11,140

-537

8,301

15,953

-2,029

12,218

3,684

-

-

-

-

-

-

-

-

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of marketable securities

0

0

4,458

8,856

1,327

130

1,858

4,720

1,241

878

7,286

7,183

250

2,682

1,360

744

1,501

733

1,700

300

300

1,000

0

3,899

3,528

100

10

12

0

-

-

-

-

25

1,074

64

16

Proceeds from maturities of marketable securities

4,510

1,385

10,220

965

680

3,888

4,075

2,025

1,350

6,855

7,695

1,165

1,850

1,555

1,520

1,195

1,475

1,886

2,155

2,435

1,715

1,176

3,619

966

2,416

4,135

3,525

3,489

2,819

1,395

3,042

2,474

431

1,614

7,314

2,377

1,658

Proceeds from the sale of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Proceeds from the sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13

Purchases of property, plant and equipment

1,797

2,828

2,150

1,433

981

534

385

366

125

172

634

356

416

1,120

1,397

2,551

924

1,024

499

427

531

982

1,183

425

300

787

787

564

561

4,129

3,283

1,237

891

4,162

896

2,463

654

Net cash provided by (used for) investing activities

2,713

-1,443

3,612

-9,479

-1,628

3,224

1,832

-3,216

-16

5,805

-225

-6,529

1,184

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-241

1,082

-460

-

5,345

-305

-26,022

Net cash used for investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,255

-950

-

-44

1,553

884

-806

2,436

-3,513

-1,412

3,248

2,728

-448

2,258

-

-

-

-

-

-

-

-

CASH FLOWS FROM FINANCING ACTIVITIES:
Cash dividends paid

4,694

0

2,430

2,385

4,593

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends paid

-

-

-

-

-

-

-

-

4,471

0

2,234

2,265

4,378

42

2,195

2,211

4,272

38

2,158

2,161

4,095

30

2,045

2,055

3,899

23

3,881

0

0

5,524

1,855

1,748

1,748

1,759

1,762

1,817

1,817

Cash dividends paid to noncontrolling interest of subsidiary

-

-

-

-

-

0

0

0

88

0

0

0

204

0

170

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Shares purchased and retired

1,304

1,620

2,201

0

1,828

4,825

0

6,589

0

3,569

4,778

4,450

2,393

1,599

3,262

3,211

2,895

5,098

2,339

-1

2,422

3,988

2,747

1,168

81

0

0

524

4,099

874

1,872

3,679

133

889

1,927

9,900

305

Net proceeds from stock options exercised

0

0

0

154

7

95

260

1,164

2,884

2,271

1,575

82

356

2,409

132

441

12

3,448

184

363

2,149

3,655

618

443

165

374

730

329

2,499

84

650

1,430

136

37

334

553

172

Payment of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

5,217

0

0

0

0

-

-

-

-

0

0

0

1,270

0

0

0

0

-

-

-

-

Repayment of debt assumed in acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,814

Net repayments of commercial paper

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-24,950

2,905

17,045

Proceeds from bank borrowings

11,883

37,647

38,237

43,661

31,813

40,031

20,309

0

0

10,919

13,835

0

6,816

30,230

32,736

27,694

31,299

33,281

51,318

44,516

31,419

30,443

36,758

29,184

4,815

0

9,000

0

2,000

11,000

13,000

7,000

2,000

5,000

37,000

16,000

15,000

Repayments of bank borrowings

18,932

47,460

33,376

35,380

33,933

42,239

12,261

0

0

15,691

9,063

0

11,084

48,772

25,167

37,087

33,314

48,606

27,468

33,013

30,203

49,325

23,291

27,355

7,824

13,000

4,000

18,000

9,000

10,000

3,000

12,000

0

12,000

4,000

17,000

3,000

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

17

3

0

0

-72

12

39

412

48

48

23

14

56

59

44

411

12

174

447

22

39

116

336

5

Net cash used for financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-14,374

-14,387

-

19,549

9,745

-2,740

-19,395

9,341

-928

-6,810

-12,798

1,908

-18,151

-9,459

-

-

-

-

-

-

-

-

Net cash used for financing activities

-13,047

-11,433

230

6,045

-8,534

-6,938

2,103

-8,401

-1,675

-6,173

-716

-6,633

-10,887

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,097

-8,550

277

-

4,811

-8,923

23,286

Effect of exchange rate changes on cash and cash equivalents

-277

77

-72

-8

72

-268

-20

-110

-47

17

117

64

202

-209

-22

75

199

-517

-178

-14

-128

-247

-131

58

94

-184

95

-353

11

0

53

-69

62

91

-190

80

22

Net increase (decrease) in cash and cash equivalents

4,382

744

-626

-7,659

-5,633

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (decrease) increase in cash and cash equivalents

-

-

-

-

-

-

-

-

6,629

16,749

-5,150

-9,619

7,763

-1,130

-463

-1,014

-1,609

4,026

805

978

-382

771

506

-4,920

173

6,219

2,702

-6,734

-3,506

9,759

-1,737

-1,277

214

-290

444

2,981

44

SUPPLEMENTAL CASH FLOW INFORMATION:
Income taxes paid, net of refunds

235

4,219

273

2,689

423

1,754

-12

1,781

146

2,072

24

2,497

308

4,422

94

3,296

693

5,186

420

4,200

535

3,374

1,003

4,008

490

3,023

257

3,967

560

4,281

655

3,591

419

2,685

553

3,678

1,073

Interest paid

51

82

96

35

31

35

10

0

0

8

0

0

7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

85

73

-

67

12

18

43

38

16

30

69

60

83

123

133

118

88

103

103

133

147

74