1) Perform the Verticle Analysis on this statement of cash flows for 2020-2019 CLARUS CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) Year Ended December 31, 2019 2020 2018 5,545 $ 18,972 $ 7.301 operating activities activities: 4,801 4,070 311 104 898 4,550 3,552 283 62 728 4,423 3,873 436 15 6,791 (3,201) 2,949 199 2,652 (1,098) (8,995) Accounts receivable (7,665) 11,007 (6,163) (9.145) 856 (1,849) (766) (7,203) (827) 2,524 (136) 7,721 2,130 859 29,392 (257) 9,522 11,393 (30,498) 327 (5.411) (35,582) 20 (4,116) (4,096) (720) 6 (3.365) (4,079) Cash Flows From Operating Activities: Net income Adjustments to reconcile net income to net cash provided by Depreciation of property and equipment Amortization of other intangible assets Amortization of debt issuance costs dah woon Loss on disposition of property and equipment Noncash lease expense Loss from removal of accumulated translation adjustment Stock-based con compensation Deferred income taxes Changes in operating assets and liabilities, net of acquisition: Invente Inventories Prepaid and other assets Accounts payable and accrued liabilities Income taxes Net cash provided by operating activities Cash Flows From Investing Activities: Purchase of business, net of cash received Proceeds from disposition of property and equipment Purchase of property and equipment Net cash used in investing activities Cash Flows From Financing Activities: Proceeds from revolving credit facilities Repayments on revolving credit facilities Repayments of long-term debt Proceeds from issuance of long-term debt Payment of debt issuance costs of treasury stock Proceeds from exercise of stock options Cash dividends paid Proceeds from the sale of common stock Common stock issuance costs Net cash provided by (used in) financing activities Effect of foreign exchange rates on cash Change in cash Cash, beginning of year Cash, end of year Supplemental Disclosure of Cash Flow Information: Cash paid for income taxes Cash paid for interest Supplemental Disclosures of Non-Cash Investing and Financing Activities: Property and equipment purchased with accounts payable Property and equipment acquired through a capital lease Lease liabilities arising from obtaining right of use assets Stock dividends See accompanying notes to consolidated financial statements. 49,571 (55,501) (2,000) 132.215 (131,607) (31) 153,556 (152,336) (39) 20,000 (79) (1.520) (709) Purchase o (4.167) 2,152 (1,032) (5.687) 467 (1,488) 1,000 (2,987) (1,520) 11,476 (325) 22,254 22 (6,286) (6,559) (125) 77 16,086 1,703 17.789 (783) 2,486 1,703 630 1,856 2,486 S s 426 970 S $ 2095 1,086 $ 418 950 S $ 173 $ 408 s 219 123 $ S 622 1,533 s $ 1,889 1) Perform the Verticle Analysis on this statement of cash flows for 2020-2019 CLARUS CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) Year Ended December 31, 2019 2020 2018 5,545 $ 18,972 $ 7.301 operating activities activities: 4,801 4,070 311 104 898 4,550 3,552 283 62 728 4,423 3,873 436 15 6,791 (3,201) 2,949 199 2,652 (1,098) (8,995) Accounts receivable (7,665) 11,007 (6,163) (9.145) 856 (1,849) (766) (7,203) (827) 2,524 (136) 7,721 2,130 859 29,392 (257) 9,522 11,393 (30,498) 327 (5.411) (35,582) 20 (4,116) (4,096) (720) 6 (3.365) (4,079) Cash Flows From Operating Activities: Net income Adjustments to reconcile net income to net cash provided by Depreciation of property and equipment Amortization of other intangible assets Amortization of debt issuance costs dah woon Loss on disposition of property and equipment Noncash lease expense Loss from removal of accumulated translation adjustment Stock-based con compensation Deferred income taxes Changes in operating assets and liabilities, net of acquisition: Invente Inventories Prepaid and other assets Accounts payable and accrued liabilities Income taxes Net cash provided by operating activities Cash Flows From Investing Activities: Purchase of business, net of cash received Proceeds from disposition of property and equipment Purchase of property and equipment Net cash used in investing activities Cash Flows From Financing Activities: Proceeds from revolving credit facilities Repayments on revolving credit facilities Repayments of long-term debt Proceeds from issuance of long-term debt Payment of debt issuance costs of treasury stock Proceeds from exercise of stock options Cash dividends paid Proceeds from the sale of common stock Common stock issuance costs Net cash provided by (used in) financing activities Effect of foreign exchange rates on cash Change in cash Cash, beginning of year Cash, end of year Supplemental Disclosure of Cash Flow Information: Cash paid for income taxes Cash paid for interest Supplemental Disclosures of Non-Cash Investing and Financing Activities: Property and equipment purchased with accounts payable Property and equipment acquired through a capital lease Lease liabilities arising from obtaining right of use assets Stock dividends See accompanying notes to consolidated financial statements. 49,571 (55,501) (2,000) 132.215 (131,607) (31) 153,556 (152,336) (39) 20,000 (79) (1.520) (709) Purchase o (4.167) 2,152 (1,032) (5.687) 467 (1,488) 1,000 (2,987) (1,520) 11,476 (325) 22,254 22 (6,286) (6,559) (125) 77 16,086 1,703 17.789 (783) 2,486 1,703 630 1,856 2,486 S s 426 970 S $ 2095 1,086 $ 418 950 S $ 173 $ 408 s 219 123 $ S 622 1,533 s $ 1,889