ALAMO GROUP INC
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
ALG$139.73-0.9%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Interim Condensed Consolidated Statements of Cash Flows
| Three Months Ended March 31, | ||
|---|---|---|
| (in thousands) | 2024 | 2023 |
| Operating Activities | ||
| Net income | $32,120 | $33,349 |
| Adjustment to reconcile net income to net cash provided by operating activities: | ||
| Provision for doubtful accounts | 79 | 313 |
| Depreciation - Property, plant and equipment | 6,580 | 5,521 |
| Depreciation - Rental equipment | 2,355 | 2,105 |
| Amortization of intangibles | 4,059 | 3,815 |
| Amortization of debt issuance | 176 | 176 |
| Stock-based compensation expense | 2,125 | 1,699 |
| Provision for deferred income tax | 148 | 436 |
| Loss (Gain) on sale of property, plant and equipment | 151 | (1,716) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (33,154) | (44,825) |
| Inventories | (9,185) | (8,703) |
| Rental equipment | (6,206) | (4,502) |
| Prepaid expenses and other assets | (4,974) | 380 |
| Trade accounts payable and accrued liabilities | 180 | 4,564 |
| Income taxes payable | 5,160 | 8,783 |
| Other assets and long-term liabilities, net | 1,510 | (189) |
| Net cash provided by operating activities | 1,124 | 1,206 |
| Investing Activities | ||
| Purchase of property, plant and equipment | (6,653) | (8,999) |
| Proceeds from sale of property, plant and equipment | 749 | 2,533 |
| Net cash used in investing activities | (5,904) | (6,466) |
| Financing Activities | ||
| Borrowings on bank revolving credit facility | 134,000 | 91,000 |
| Repayments on bank revolving credit facility | (44,000) | (18,000) |
| Principal payments on long-term debt and finance leases | (3,813) | (3,753) |
| Contingent consideration payment from acquisition | (4,402) | — |
| Dividends paid | (3,103) | (2,615) |
| Proceeds from exercise of stock options | 728 | 877 |
| Common stock repurchased | (1,618) | (736) |
| Net cash provided by financing activities | 77,792 | 66,773 |
| Effect of exchange rate changes on cash and cash equivalents | (3,129) | 791 |
| Net change in cash and cash equivalents | 69,883 | 62,304 |
| Cash and cash equivalents at beginning of the year | 51,919 | 47,016 |
| Cash and cash equivalents at end of the period | $121,802 | $109,320 |
| Cash paid during the period for: | ||
| Interest | $5,830 | $5,065 |
| Income taxes | 5,306 | 3,042 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.