MILLER INDUSTRIES INC /TN/
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
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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.
Sep 30, 2026 · Filed Nov 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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Condensed Consolidated Statements of Cash Flows
| | | | | | |
|---|---|---|---|---|---|
| | Nine Months Ended September 30, | ||||
| (in thousands) · 2026 · · 2025 | |||||
| CASH FLOWS FROM OPERATING ACTIVITIES: · · · · | |||||
| Net income | $13,903 | | $19,605 | ||
| Adjustments to reconcile net income to net cash flows from operating activities: | | | | ||
| Depreciation and amortization | 11,496 | | 10,890 | ||
| Non-cash operating lease expense | | 589 | | | 1,855 |
| (Gain) loss on disposal of property, plant and equipment | 664 | | (449) | ||
| Provision for credit losses | 147 | | 162 | ||
| Issuance of common stock, net of shares withheld for employee taxes | (2) | | 1 | ||
| Stock-based compensation | | 2,750 | | | 4,201 |
| Deferred tax provision | 1,689 | | (124) | ||
| Changes in operating assets and liabilities: | | | | ||
| Accounts receivable | (631) | | 82,414 | ||
| Inventories | 20,329 | | 9,950 | ||
| Prepaid expenses | (2,667) | | (11,829) | ||
| Other assets | (2,724) | | (1,898) | ||
| Accounts payable | 36,823 | | (65,196) | ||
| Operating lease obligation | | (589) | | | (1,855) |
| Accrued liabilities | 5,229 | | 2,742 | ||
| Income taxes payable | (362) | | (609) | ||
| Net cash flows provided by (used in) operating activities | 86,644 | | 49,860 | ||
| | | | | | |
| CASH FLOWS FROM INVESTING ACTIVITIES: | | | | ||
| Purchases of property, plant and equipment | (22,124) | | (8,602) | ||
| Proceeds from sale of property, plant and equipment | — | | 1,280 | ||
| Acquisition of business | | (1,558) | | | — |
| Net cash flows provided by (used in) investing activities | (23,682) | | (7,322) | ||
| | | | | | |
| CASH FLOWS FROM FINANCING ACTIVITIES: | | | | ||
| Repurchase of common stock | | (7,375) | | | (3,762) |
| Net borrowings (payments) for other long-term debt | | 360 | | | — |
| Net borrowings (payments) under credit facility | (30,000) | | (20,000) | ||
| Payments of cash dividends | (7,189) | | (6,868) | ||
| Net cash flows provided by (used in) financing activities | (44,204) | | (30,630) | ||
| | | | | | |
| EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS | (3,038) | | 2,156 | ||
| NET CHANGE IN CASH AND CASH EQUIVALENTS | 15,720 | | 14,064 | ||
| CASH AND CASH EQUIVALENTS, beginning of period | 44,682 | | 24,337 | ||
| CASH AND CASH EQUIVALENTS, end of period | $60,402 | | $38,401 | ||
| SUPPLEMENTAL INFORMATION: | | | | ||
| Cash payments for interest | $2,480 | | $5,867 | ||
| Cash payments for income taxes, net of refunds | $6,470 | | $6,636 | ||
| Right-of-use assets obtained in exchange for operating lease liabilities | $2,819 | | $1,674 | ||
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| FINANCIAL STATEMENTS | NOTES TO CONSOLIDATED FINANCIAL STATEMENTS |
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