Wabash national corporation (WNC)
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 loss for the period

-106,647

18,375

25,460

30,960

14,780

11,584

4,663

31,902

21,272

49,356

18,948

22,945

20,173

23,000

33,378

35,531

27,524

33,287

31,880

28,648

10,474

19,088

18,307

16,239

7,296

10,423

16,236

14,135

5,735

80,184

18,441

1,942

5,064

7,451

1,092

3,302

3,197

Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities
Depreciation

5,624

5,628

5,301

5,537

5,420

5,514

5,371

5,167

5,163

5,303

4,297

4,210

4,202

4,589

4,068

3,997

4,176

4,225

4,209

4,167

4,138

4,221

4,308

4,380

4,042

4,121

3,946

4,077

4,406

4,315

4,020

3,609

3,031

-

-

-

-

Amortization of intangibles

5,495

5,147

5,115

5,109

5,129

4,682

4,937

4,940

4,941

4,307

4,096

4,096

4,501

4,979

4,983

4,990

4,988

5,314

5,316

5,315

5,314

5,465

5,471

5,471

5,471

5,508

5,454

5,454

5,370

3,415

2,983

3,454

738

-

-

-

-

Net gain on sale of property, plant and equipment

3

69

521

5

-486

-16

421

3,730

6,013

-14

5,558

46

2,456

-61

-23

-17

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-96

-485

1,090

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (Loss) on Extinguishment of Debt

-

-

-

-

-

-106

0

0

-174

-32

-3

-124

-640

-1,408

0

0

-487

-188

0

-334

-5,286

0

-509

-533

0

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-1,849

5,871

-237

67

-2,281

-2,854

-41

-58

-23

-14,741

14

58

-13

4,979

-2,705

-5,825

7,595

-2,977

-4,554

-1,860

1,642

2,002

-2,138

10,721

5,988

6,530

10,486

9,283

3,790

-58,949

993

673

0

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,945

Stock-based compensation

-917

1,638

1,985

2,791

2,586

1,721

3,089

2,733

2,657

2,089

2,881

2,467

2,963

3,420

2,916

3,232

2,470

3,355

2,116

2,119

2,420

2,324

1,911

1,958

1,640

1,955

1,617

2,024

1,884

1,538

1,460

754

1,397

1,451

403

696

848

Impairment

107,114

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash interest expense

265

262

260

263

260

319

316

435

675

689

527

522

520

757

888

882

948

1,856

1,104

1,077

1,185

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of debt discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,215

1,214

1,195

-

1,187

1,142

1,126

1,107

1,088

777

0

-

-

-

-

Changes in operating assets and liabilities
Accounts receivable

-34,522

1,344

1,215

-15,567

4,681

-8,992

1,967

654

45,910

-5,758

4,471

5,697

-36,353

-4,308

25,990

-27,492

6,619

13,874

-3,362

-14,580

21,686

-16,415

20,096

12,661

-1,494

-9,728

5,486

23,340

4,593

-1,731

-4,271

-5,914

10,736

6,327

-24,132

14,836

17,335

Inventories

59,001

-87,359

9,706

7,587

72,576

-47,376

10,032

-2,336

58,393

-64,765

17,175

9,056

51,692

-54,556

-16,447

4,807

41,227

-60,528

-16,390

913

65,843

-82,650

3,711

-2,919

78,742

-55,433

-4,082

6,675

46,580

-42,793

-19,188

-5,556

25,841

-10,453

4,543

49,594

34,999

Prepaid expenses and other

838

1,441

2,043

-954

1,279

-7,813

5,021

-1,165

-591

1,827

4,185

4,288

-8,286

-874

-5,890

13,148

3,763

-4,490

-889

6,809

-3,216

3,292

-610

-3,676

1,565

5,681

-1,628

-243

83

-566

-1,620

1,356

94

1,655

-1,636

-1,802

1,945

Accounts payable and accrued liabilities

8,235

-58,567

-460

-26,560

84,770

-43,949

3,810

8,849

63,943

-24,665

-11,583

-6,110

41,395

-28,480

-9,676

-21,162

46,316

-70,708

1,103

-263

57,625

-51,881

16,016

263

8,815

-15,233

6,723

7,029

19,563

-26,228

-15,723

-9,661

4,826

5,695

-33,220

41,066

43,427

Other, net

2,054

-7,139

8,745

-58

-1,152

-1,551

480

571

1,120

7,890

1,919

-719

-428

2,176

617

-14

-1,099

-317

-406

-161

-458

1,493

-775

-918

-311

962

-641

-236

-1,716

2,191

-669

-913

2,437

-300

-59

-8

-19

Net cash (used in) provided by operating activities

-10,054

70,066

15,245

27,207

33,766

55,787

16,213

52,514

-12,043

83,260

-14,125

9,944

65,300

72,784

29,701

33,361

42,904

27,104

62,232

38,230

4,229

77,925

23,179

35,586

-44,055

74,909

47,120

14,306

-7,666

48,484

39,010

12,575

-24,052

21,196

-6,556

-12,964

-2,843

Cash flows from investing activities
Capital expenditures

6,278

15,401

7,249

8,193

6,802

13,665

9,227

5,057

6,060

10,655

4,545

7,683

3,173

5,297

6,930

5,139

2,976

8,293

7,204

2,375

2,975

10,940

4,865

2,074

2,078

6,786

4,987

4,015

2,564

5,903

5,424

2,622

967

3,858

1,955

1,158

293

Proceeds from the sale of property, plant, and equipment

25

0

747

9

29

1

1,349

6,903

9,523

-1,748

8,872

-25

3,761

5

-3

17

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisitions, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2,125

13,860

0

0

364,012

0

-

-

-

-

Other, net

-

-

-

-

-

0

0

0

-3,060

-213

-5,010

-2

-1,218

-746

-2,268

0

0

-

-

-

-

-

-

-

-

0

0

-82

-2,418

2,500

0

0

0

-

-

-

-

Net cash used in investing activities

-6,253

-15,401

-6,502

-8,184

-6,773

-13,664

-7,878

1,846

6,523

-12,190

-314,150

-7,706

1,806

-4,546

-4,665

-5,122

-2,976

-2,912

-2,550

793

-2,975

-10,968

-4,860

2,149

-2,078

-6,481

-4,987

-6,058

-14,006

-7,796

-5,424

-366,634

-967

-3,841

-1,955

-1,158

-293

Cash flows from financing activities
Proceeds from exercise of stock options

0

487

306

0

55

0

51

49

861

9

151

222

5,408

2,490

944

1,205

192

53

112

1,128

719

132

134

138

1,517

153

256

30

161

14

154

23

163

72

32

149

285

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-96

-485

1,090

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid

4,482

4,354

4,382

4,434

4,627

4,202

4,295

4,579

4,692

3,768

3,780

3,874

3,893

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings under revolving credit facilities

45,040

173

158

148

140

355

159

169

254

193

149

219

152

163

139

141

175

469

249

253

163

241

199

191

175

256

259

428

223

229

11,607

80,547

113,632

117,159

200,914

307,891

222,741

Payments under revolving credit facilities

40

173

158

148

140

355

159

169

254

193

149

219

152

163

139

141

175

521

197

253

163

241

199

191

175

256

259

428

223

229

36,606

133,048

101,132

162,159

157,087

289,218

230,241

Principal payments under finance lease obligations

80

78

78

77

75

74

73

72

71

184

113

132

171

146

190

218

225

237

3,218

314

432

406

422

467

603

391

425

443

441

241

246

232

910

195

211

132

133

Proceeds from issuance of term loan credit facility

-

-

-

-

-

-

-

-

-

188,049

0

0

189,470

0

0

0

0

0

0

0

192,845

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments under term loan credit facility

0

20,000

15,000

15,000

470

470

470

469

471

188,519

7,640

474

189,944

482

482

482

482

482

482

482

192,845

0

20,693

20,692

693

20,692

21,385

20,000

750

750

750

750

0

-

-

-

-

Proceeds from issuance of industrial revenue bond

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,500

0

0

0

-

-

-

-

Principal payments under industrial revenue bond

-

-

-

-

-

0

1

0

92

137

135

134

177

87

130

129

127

126

124

124

122

121

119

118

117

116

114

113

38

-

-

-

-

-

-

-

-

Debt issuance costs paid

9

22

71

56

15

476

0

0

0

311

6,118

0

354

0

0

0

0

6

114

473

1,994

0

0

0

0

0

0

940

41

69

39

5,026

0

-

-

-

-

Convertible senior notes repurchase

-

-

-

-

-

0

0

-63,017

-17,183

-532

-182

-7,331

0

-56,861

0

0

-42,061

-22,936

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock repurchase

10,051

11,055

8,800

11,217

2,635

13,950

23,020

16,001

5,412

27,858

3,839

26,169

16,625

38,817

23,041

8,941

8,757

18,740

1,364

21,724

19,929

0

0

0

1,497

0

0

0

35

0

0

0

564

28

0

24

481

Net cash provided by (used in) financing activities

30,378

-35,022

-28,025

-30,784

-7,767

-19,172

-27,808

-84,089

-27,060

-33,251

303,344

-37,892

-16,286

-94,412

-22,995

-9,050

-50,370

-42,526

-2,059

-25,068

-21,758

-395

-21,100

-21,139

-1,393

-21,046

-21,668

-21,466

-1,144

1,454

-25,880

379,514

11,189

-45,372

43,006

17,385

-7,829

Cash and cash equivalents:
Cash and cash equivalents:
Net increase in cash, cash equivalents, and restricted cash

14,071

19,643

-19,282

-11,761

19,226

22,951

-19,473

-29,729

-32,580

37,819

-24,931

-35,654

50,820

-26,174

2,041

19,189

-10,442

-18,334

57,623

13,955

-20,504

66,562

-2,781

16,596

-47,526

47,382

20,465

-13,218

-22,816

42,142

7,706

25,455

-13,830

-28,017

34,495

3,263

-10,965

Supplemental disclosures of cash flow information:
Cash paid for interest

1,543

10,595

1,978

11,258

2,403

11,123

2,192

11,977

2,094

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Refunds received) cash paid for income taxes

-511

1,414

8,398

10,456

111

655

10,888

13,545

-845

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-