Cactus, inc. (WHD)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17
Cash flows from operating activities
Net income

33,098

31,274

35,833

40,750

48,446

38,683

43,648

41,542

26,408

22,814

22,301

16,578

4,854

Reconciliation of net income to net cash provided by operating activities:
Depreciation and amortization

10,980

10,590

10,007

9,376

8,881

8,324

7,841

7,367

6,621

6,295

6,074

5,589

5,313

Debt discount and deferred financing cost amortization

42

42

42

42

42

46

10

0

219

438

438

438

438

Stock-based compensation

1,973

1,738

1,689

1,892

1,676

1,320

1,287

1,263

834

-

-

-

-

Provision for bad debts

625

-

-

-

-

-

-

-

-

-

-

-

-

Inventory obsolescence

1,353

844

520

964

224

519

102

379

451

-

-

-

-

Loss on disposal of assets

-961

584

583

-540

-863

873

-1,053

-677

-29

-419

3

117

-235

Deferred income taxes

-4,848

-10,331

-8,012

-9,856

2,796

-3,439

-7,668

-3,131

-963

-53

-84

-112

29

Loss on debt extinguishment

-

-

-

-

-

0

0

0

-4,305

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

8,244

-12,530

-12,370

5,099

15,597

-13,656

9,114

12,228

419

9,447

14,651

16,998

8,998

Inventories

-8,306

3,079

2,503

3,135

8,875

15,361

7,923

9,349

5,594

2,649

9,137

8,845

7,648

Prepaid expenses and other assets

-1,497

3,594

580

-2,456

-2,156

2,674

6,222

-2,443

56

-368

3,132

108

1,140

Accounts payable

-8,142

3,727

-6,025

1,499

192

-457

806

6,510

792

-1,329

8,389

-63

12,508

Accrued expenses and other liabilities

-2,136

2,300

-2,622

8,289

-973

-1,792

2,489

405

4,012

-2,306

2,106

3,963

341

Net cash provided by operating activities

45,161

61,441

49,873

64,079

34,239

44,830

41,645

42,140

38,565

15,197

13,087

491

5,932

Cash flows from investing activities
Capital expenditures and other

9,441

19,177

10,602

15,269

14,655

14,333

23,592

16,001

16,127

9,755

5,859

7,884

8,584

Proceeds from sale of assets

1,103

944

1,636

367

808

586

533

340

440

496

322

503

83

Net cash used in investing activities

-8,338

-18,233

-8,966

-14,902

-13,847

-13,747

-23,059

-15,661

-15,687

-9,251

-5,545

-7,381

-8,501

Cash flows from financing activities
Principal payments on long-term debt

-

-

-

-

-

0

0

0

248,529

642

643

642

642

Payments on finance leases

1,764

1,824

1,937

1,877

1,846

1,818

1,668

1,522

1,266

1,062

822

541

319

Dividends paid to Class A common stock shareholders

4,281

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from equity offerings

-

-

-

-

-

0

358,547

0

469,621

-

-

-

-

Distributions to members

2,203

2,539

2,005

3,613

235

0

1,573

4,234

26,041

-

-

-

-

Redemption of CW Units

-

-

-

-

-

0

359,256

0

216,425

-

-

-

-

Repurchase of shares

1,356

20

13

42

1,474

-

-

-

-

-

-

-

-

Net cash used in financing activities

-9,604

-8,627

-3,955

-5,532

-3,555

-2,082

-4,526

-5,756

-22,640

-1,704

-6,465

3,817

-961

Effect of exchange rate changes on cash and cash equivalents

380

477

-556

-612

438

-141

-482

-180

48

108

13

37

12

Net increase in cash and cash equivalents

27,599

35,058

36,396

43,033

17,275

28,860

13,578

20,543

286

4,350

1,090

-3,036

-3,518

Supplemental Disclosures of Cash Flow Information
Property and equipment acquired under finance leases

1,896

-

-

-

216

-

-

-

-

-

-

-

-

Property and equipment in payables

3,767

-

-

-

3,643

-

-

-

-

-

-

-

-