COLUMBUS MCKINNON CORP
For the period ended Jun 30, 2024. Filed Jul 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.
Jun 30, 2024 · Filed Jul 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
| Three Months Ended | ||
|---|---|---|
| June 30,2024 | June 30,2023 | |
| OPERATING ACTIVITIES: · (In thousands) | ||
| Net income (loss) | $8,629 | $9,275 |
| Adjustments to reconcile net income (loss) to net cash provided by (used for) operating activities: | ||
| Depreciation and amortization | 11,840 | 10,890 |
| Deferred income taxes and related valuation allowance | 942 | (1,825) |
| Net loss (gain) on sale of real estate, investments and other | (124) | (467) |
| Stock-based compensation | 1,101 | 1,981 |
| Amortization of deferred financing costs | 622 | 483 |
| Loss (gain) on hedging instruments | (97) | 231 |
| Non-cash lease expense | 2,584 | 2,389 |
| Changes in operating assets and liabilities, net of effects of business acquisitions: | ||
| Trade accounts receivable | 3,346 | (7,649) |
| Inventories | (15,613) | (19,214) |
| Prepaid expenses and other | (2,222) | (2,800) |
| Other assets | (127) | (636) |
| Trade accounts payable | (8,640) | 1,718 |
| Accrued liabilities | (11,600) | (8,668) |
| Non-current liabilities | (1,399) | (2,955) |
| Net cash provided by (used for) operating activities | (10,758) | (17,247) |
| INVESTING ACTIVITIES: | ||
| Proceeds from sales of marketable securities | 1,500 | 1,100 |
| Purchases of marketable securities | (912) | (906) |
| Capital expenditures | (4,629) | (5,273) |
| Purchase of businesses, net of cash acquired (See Note 2) | — | (107,605) |
| Net cash provided by (used for) investing activities | (4,041) | (112,684) |
| FINANCING ACTIVITIES: | ||
| Proceeds from the issuance of common stock | 64 | 225 |
| Repayment of debt | (20,158) | (10,143) |
| Proceeds from issuance of long-term debt | — | 120,000 |
| Fees paid for borrowings on long-term debt | — | (2,046) |
| Payment to former owners of montratec (see Note 2) | (6,711) | — |
| Fees paid for debt repricing | (169) | — |
| Cash inflows from hedging activities | 5,942 | 6,053 |
| Cash outflows from hedging activities | (5,820) | (6,298) |
| Payment of dividends | (2,016) | (2,004) |
| Other | (1,715) | (1,802) |
| Net cash provided by (used for) financing activities | (30,583) | 103,985 |
| Effect of exchange rate changes on cash | (371) | (236) |
| Net change in cash and cash equivalents | (45,753) | (26,182) |
| Cash, cash equivalents, and restricted cash at beginning of year | 114,376 | 133,426 |
| Cash, cash equivalents, and restricted cash at end of period | $68,623 | $107,244 |
| Supplementary cash flow data: | ||
| Interest paid | $7,656 | $6,786 |
| Income taxes paid, net of refunds | $3,853 | $4,701 |
| Property, plant and equipment purchases included in trade accounts payable | $247 | $205 |
| Restricted cash presented in Other assets | $250 | $250 |
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