COLUMBUS MCKINNON CORP
For the period ended Dec 31, 2023. Filed Jan 31, 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.
Dec 31, 2023 · Filed Jan 31, 2024
CMCO$20.32+3.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed consolidated statements of cash flows
| Nine Months Ended | ||
|---|---|---|
| December 31,2023 | December 31,2022 | |
| OPERATING ACTIVITIES: · (In thousands) | ||
| Net income (loss) | 34,816 | 34,534 |
| Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities: | ||
| Depreciation and amortization | 34,052 | 31,380 |
| Deferred income taxes and related valuation allowance | (6,495) | (783) |
| Net loss (gain) on sale of real estate, investments and other | (967) | 347 |
| Non-cash pension settlement (See Note 10) | 4,599 | — |
| Stock-based compensation | 8,473 | 7,039 |
| Amortization of deferred financing costs | 1,728 | 1,291 |
| Loss (gain) on hedging instruments | 1,193 | (598) |
| Gain on sale of building | — | (232) |
| Loss on retirement of fixed asset | — | 175 |
| Non-cash lease expense | 7,080 | 5,814 |
| Changes in operating assets and liabilities, net of effects of business acquisitions: | ||
| Trade accounts receivable | (14,911) | (1,401) |
| Inventories | (17,764) | (31,701) |
| Prepaid expenses and other | (2,897) | 4,905 |
| Other assets | (859) | (232) |
| Trade accounts payable | (1,387) | (18,756) |
| Accrued liabilities | (7,236) | (7,498) |
| Non-current liabilities | (10,834) | (7,382) |
| Net cash provided by (used for) operating activities | 28,591 | 16,902 |
| INVESTING ACTIVITIES: | ||
| Proceeds from sales of marketable securities | 1,101 | 2,650 |
| Purchases of marketable securities | (2,731) | (3,121) |
| Capital expenditures | (16,334) | (9,511) |
| Proceeds from sale of building, net of transaction costs | — | 373 |
| Dividend received from equity method investment | 144 | 313 |
| Purchase of businesses, net of cash acquired (See Note 2) | (108,145) | (1,616) |
| Net cash provided by (used for) investing activities | (125,965) | (10,912) |
| FINANCING ACTIVITIES: | ||
| Proceeds from the issuance of common stock | 556 | 704 |
| Purchases of treasury stock | — | (1,001) |
| Repayment of debt | (40,447) | (30,402) |
| Proceeds from issuance of long-term debt | 120,000 | — |
| Fees paid for borrowings on long-term debt | (2,859) | — |
| Cash inflows from hedging activities | 18,088 | 18,422 |
| Cash outflows from hedging activities | (19,303) | (17,958) |
| Payment of dividends | (6,027) | (6,006) |
| Other | (2,237) | (1,398) |
| Net cash provided by (used for) financing activities | 67,771 | (37,639) |
| Effect of exchange rate changes on cash | (628) | (2,221) |
| Net change in cash and cash equivalents | (30,231) | (33,870) |
| Cash, cash equivalents, and restricted cash at beginning of year | 133,426 | 115,640 |
| Cash, cash equivalents, and restricted cash at end of period | $103,195 | $81,770 |
| Supplementary cash flow data: | ||
| Interest paid | $25,332 | $18,883 |
| Income taxes paid, net of refunds | $21,561 | $18,486 |
| Property, plant and equipment purchases included in trade accounts payable | $135 | $199 |
| Restricted cash presented in Other assets | $250 | $250 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.