MILLER INDUSTRIES INC /TN/
For the period ended Dec 31, 2025. Filed Mar 4, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Mar 4, 2026
MLR$48.10-1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS
| | | | | | | | | |
|---|---|---|---|---|---|---|---|---|
| | Years Ended December 31, | |||||||
| (in thousands) · 2025 · · 2024 · · 2023 | ||||||||
| CASH FLOWS FROM OPERATING ACTIVITIES: · · · · · · | ||||||||
| Net income | $23,014 | | $63,494 | | $58,291 | |||
| Adjustments to reconcile net income to net cash flows from operating activities: | | | | | | |||
| Depreciation and amortization | 14,685 | | 14,070 | | 13,243 | |||
| (Gain) Loss on disposal of property, plant and equipment | (377) | | 128 | | (251) | |||
| Provision for credit losses | (111) | | 325 | | 203 | |||
| Issuance of common stock, net of shares withheld for employee taxes | 1 | | (198) | | 123 | |||
| Stock-based compensation | | 5,327 | | | 3,226 | | | 1,059 |
| Deferred tax provision | (1,515) | | (1,170) | | (2,181) | |||
| Changes in operating assets and liabilities: | | | | | | | | |
| Accounts receivable | 121,719 | | (28,149) | | (105,599) | |||
| Inventories | 18,915 | | 2,180 | | (30,421) | |||
| Prepaid expenses | (6,272) | | (1,247) | | 50 | |||
| Other assets | 105 | | 364 | | 63 | |||
| Accounts payable | (73,262) | | (45,430) | | 64,936 | |||
| Accrued liabilities | (4,518) | | 9,594 | | 10,996 | |||
| Income taxes payable | 1,009 | | (317) | | 451 | |||
| Net cash flows provided by (used in) operating activities | 98,720 | | 16,870 | | 10,963 | |||
| | | | | | | | | |
| CASH FLOWS FROM INVESTING ACTIVITIES: | | | | | | |||
| Purchases of property, plant and equipment | (13,707) | | (15,352) | | (12,097) | |||
| Proceeds from sale of property, plant and equipment | 1,537 | | 59 | | 398 | |||
| Acquisition of business, net of cash | | (18,614) | | 24 | | (17,376) | ||
| Net cash flows provided by (used in) investing activities | (30,784) | | (15,269) | | (29,075) | |||
| | | | | | | | | |
| CASH FLOWS FROM FINANCING ACTIVITIES: | | | | | | |||
| Repurchase of common stock | | (5,986) | | (2,898) | | — | ||
| Net (payments) borrowings under credit facility | | (35,000) | | 5,000 | | 15,000 | ||
| Payments of cash dividends | (9,154) | | (8,721) | | (8,249) | |||
| Payments of long-term debt | (609) | | — | | — | |||
| Net cash flows provided by (used in) financing activities | (50,749) | | (6,619) | | 6,751 | |||
| | | | | | | | | |
| EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | 3,158 | | (554) | | 1,117 | |||
| NET CHANGE IN CASH AND CASH EQUIVALENTS | 20,345 | | (5,572) | | (10,244) | |||
| CASH AND CASH EQUIVALENTS, beginning of period | 24,337 | | 29,909 | | 40,153 | |||
| CASH AND CASH EQUIVALENTS, end of period | $44,682 | | $24,337 | | $29,909 | |||
| SUPPLEMENTAL INFORMATION: | | | | | | |||
| Cash payments for interest | $7,049 | | $9,711 | | $8,092 | |||
| Cash payments for income taxes, net of refunds | $7,499 | | $23,699 | | $18,053 | |||
The accompanying notes are an integral part of these consolidated statements.
| PART II | ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA |
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