MILLER INDUSTRIES INC TN
For the period ended Sep 30, 2024. Filed Nov 12, 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.
Sep 30, 2024 · Filed Nov 12, 2024
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) · 2024 · 2023 | |||||
| CASH FLOWS FROM OPERATING ACTIVITIES: · · | |||||
| Net income | $52,962 | | $41,596 | ||
| Adjustments to reconcile net income to net cash flows from operating activities: | | | |||
| Depreciation and amortization | 10,635 | | 9,681 | ||
| (Gain) Loss on disposal of property, plant and equipment | (6) | | (44) | ||
| Provision for credit losses | 161 | | 148 | ||
| Stock-based compensation | | 2,257 | | | 800 |
| Deferred tax provision | 9 | | (142) | ||
| Changes in operating assets and liabilities: | | | |||
| Accounts receivable | (87,707) | | (60,087) | ||
| Inventories | 445 | | (17,661) | ||
| Prepaid expenses | (5,856) | | (656) | ||
| Other assets | 342 | | 182 | ||
| Accounts payable | 42,137 | | 19,991 | ||
| Accrued liabilities | 13,567 | | 10,405 | ||
| Income taxes payable | (357) | | — | ||
| Net cash flows provided by (used in) operating activities | 28,589 | | 4,213 | ||
| | | | | | |
| CASH FLOWS FROM INVESTING ACTIVITIES: | | ||||
| Purchases of property, plant and equipment | (14,085) | | (9,734) | ||
| Proceeds from sale of property, plant and equipment | 77 | | 28 | ||
| Acquisition of business | | 24 | | | (17,802) |
| Net cash flows provided by (used in) investing activities | (13,984) | | (27,508) | ||
| | | | | | |
| CASH FLOWS FROM FINANCING ACTIVITIES: | | ||||
| Repurchase of common stock | | (2,898) | | | — |
| Net borrowings under credit facility | 5,000 | | 15,000 | ||
| Payments of cash dividends | (6,548) | | (6,178) | ||
| Net cash flows provided by (used in) financing activities | (4,446) | | 8,822 | ||
| | | | | | |
| EFFECTS OF EXCHANGE RATE CHANGES ON CASH AND TEMPORARY INVESTMENTS | 532 | | 1,167 | ||
| NET CHANGE IN CASH AND TEMPORARY INVESTMENTS | 10,691 | | (13,306) | ||
| CASH AND TEMPORARY INVESTMENTS, beginning of period | 29,909 | | 40,153 | ||
| CASH AND TEMPORARY INVESTMENTS, end of period | $40,600 | | $26,847 | ||
| SUPPLEMENTAL INFORMATION: | | ||||
| Cash payments for interest | $7,385 | | $5,758 | ||
| Cash payments for income taxes, net of refunds | $18,509 | | $12,980 | ||
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|---|---|
| | 9 |
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|---|---|
| FINANCIAL STATEMENTS | NOTES TO CONSOLIDATED FINANCIAL STATEMENTS |
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