Just for. 2020-2019
1) Perform the Ratio Analysis, Verticle Analysis, and Horizontal Analysis on this statement of cash flows. 2018 Net income 7,301 9 4,423 3,873 436 15 0 1 2 3 6,791 2,949 199 2,652 (1,098) 4 5 (766) (7,203) (827) 2,524 (136) 11,393 6 9,522 CLARUS CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) Year Ended December 31, 2020 2019 Cash Flows From Operating Activities: 5,545 $ 18,972 $ Adjustments to reconcile net income to net cash provided by operating activities: Depreciation of property and equipment 4,801 4,550 Amortization of other intangible assets 4,070 3,552 Amortization of debt issuance costs 311 283 Loss on disposition of property and equipment 104 62 Noncash lease expense 898 728 Loss from removal of accumulated translation adjustment Stock-based compensation Deferred income taxes (3,201) (8,995) Changes in operating assets and liabilities, net of acquisition: Accounts receivable (7,665) (6,163) Inventories 11,007 (9,145) Prepaid and other assets (1,849) 856 Accounts payable and accrued liabilities 7,721 2,130 Income taxes 859 (257) Net cash provided by operating activities 29,392 Cash Flows From Investing Activities: Purchase of business, net of cash received (30,498) Proceeds from disposition of property and equipment 327 20 Purchase of property and equipment (5.411) (4,116) Net cash used in investing activities (35,582) (4,096) Cash Flows From Financing Activities: Proceeds from revolving credit facilities 49,571 132,215 Repayments on revolving credit facilities (55,501) (131,607) Repayments of long-term debt (2.000) (31) Proceeds from issuance of long-term debt 20,000 Payment of debt issuance costs (79) (709) Purchase of treasury stock (1,520) (4.167) Proceeds from exercise of stock options 2,152 1.000 Cash dividends paid (1,520) (2,987) Proceeds from the sale of common stock 11,476 Common stock issuance costs (325) Net cash provided by (used in) financing activities 22,254 (6,286) Effect of foreign exchange rates on cash 22 77 Change in cash 16,086 (783) Cash, beginning of year 1.703 2.486 Cash, end of year 17.789 $ 1.703 Supplemental Disclosure of Cash Flow Information: Cash paid for income taxes 426 S 209 Cash paid for interest 970 $ 1,086 S Supplemental Disclosures of Non-Cash Investing and Financing Activities: Property and equipment purchased with accounts payable s 173 $ 408 s Property and equipment acquired through a capital lease $ S Lease liabilities arising from obtaining right of use assets s 622 s 1,889 Stock dividends S 1,533 s See accompanying notes to consolidated financial statements. 7 8 9 0 1 2 3 (720) 6 (3.365) (4,079) 153,556 (152,336) (39) 4 (1,032) (5.687) 467 (1,488) 5 6 7 (6,559) (125) 9 630 1,856 2,486 0 1 418 950 2 219 123 S 3 4 5 6 7 1) Perform the Ratio Analysis, Verticle Analysis, and Horizontal Analysis on this statement of cash flows. 2018 Net income 7,301 9 4,423 3,873 436 15 0 1 2 3 6,791 2,949 199 2,652 (1,098) 4 5 (766) (7,203) (827) 2,524 (136) 11,393 6 9,522 CLARUS CORPORATION CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) Year Ended December 31, 2020 2019 Cash Flows From Operating Activities: 5,545 $ 18,972 $ Adjustments to reconcile net income to net cash provided by operating activities: Depreciation of property and equipment 4,801 4,550 Amortization of other intangible assets 4,070 3,552 Amortization of debt issuance costs 311 283 Loss on disposition of property and equipment 104 62 Noncash lease expense 898 728 Loss from removal of accumulated translation adjustment Stock-based compensation Deferred income taxes (3,201) (8,995) Changes in operating assets and liabilities, net of acquisition: Accounts receivable (7,665) (6,163) Inventories 11,007 (9,145) Prepaid and other assets (1,849) 856 Accounts payable and accrued liabilities 7,721 2,130 Income taxes 859 (257) Net cash provided by operating activities 29,392 Cash Flows From Investing Activities: Purchase of business, net of cash received (30,498) Proceeds from disposition of property and equipment 327 20 Purchase of property and equipment (5.411) (4,116) Net cash used in investing activities (35,582) (4,096) Cash Flows From Financing Activities: Proceeds from revolving credit facilities 49,571 132,215 Repayments on revolving credit facilities (55,501) (131,607) Repayments of long-term debt (2.000) (31) Proceeds from issuance of long-term debt 20,000 Payment of debt issuance costs (79) (709) Purchase of treasury stock (1,520) (4.167) Proceeds from exercise of stock options 2,152 1.000 Cash dividends paid (1,520) (2,987) Proceeds from the sale of common stock 11,476 Common stock issuance costs (325) Net cash provided by (used in) financing activities 22,254 (6,286) Effect of foreign exchange rates on cash 22 77 Change in cash 16,086 (783) Cash, beginning of year 1.703 2.486 Cash, end of year 17.789 $ 1.703 Supplemental Disclosure of Cash Flow Information: Cash paid for income taxes 426 S 209 Cash paid for interest 970 $ 1,086 S Supplemental Disclosures of Non-Cash Investing and Financing Activities: Property and equipment purchased with accounts payable s 173 $ 408 s Property and equipment acquired through a capital lease $ S Lease liabilities arising from obtaining right of use assets s 622 s 1,889 Stock dividends S 1,533 s See accompanying notes to consolidated financial statements. 7 8 9 0 1 2 3 (720) 6 (3.365) (4,079) 153,556 (152,336) (39) 4 (1,032) (5.687) 467 (1,488) 5 6 7 (6,559) (125) 9 630 1,856 2,486 0 1 418 950 2 219 123 S 3 4 5 6 7
