Component: (Network and Table)
Network
00500 - Statement - CONSOLIDATED STATEMENTS OF CASH FLOWS
(http://www.douglasdynamics.com/role/StatementConsolidatedStatementsOfCashFlows)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0001287213 (http://www.sec.gov/CIK)
CONSOLIDATED STATEMENTS OF CASH FLOWSPeriod [Axis]
2016-01-01 - 2016-12-31
2015-01-01 - 2015-12-31
2014-01-01 - 2014-12-31
CONSOLIDATED STATEMENTS OF CASH FLOWS
 
 
 
Operating activities
 
 
 
Net income
39,009,000  
44,176,000  
39,961,000  
Adjustments to reconcile net income to net cash used in operating activities:
 
 
 
Depreciation and amortization
16,742,000  
12,281,000  
9,225,000  
Inventory step up of acquired business included in cost of sales
125,000  
1,956,000  
 
Amortization of deferred financing costs and debt discount
950,000  
720,000  
759,000  
Loss on extinguishment of debt
  
1,870,000  
Loss recognized on assets held for sale
  
67,000  
Stock-based compensation
2,898,000  
3,275,000  
2,868,000  
Provision for losses on accounts receivable
208,000  
305,000  
577,000  
Deferred income taxes
5,413,000  
5,807,000  
(326,000) 
Earnout liability
(1,128,000) 
623,000  
947,000  
Changes in operating assets and liabilities, net of acquisitions:
 
 
 
Accounts receivable
2,419,000  
(7,094,000) 
(4,201,000) 
Inventories
605,000  
(5,292,000) 
(3,963,000) 
Prepaid assets, refundable income taxes and other assets
1,699,000  
(5,886,000) 
2,085,000  
Accounts payable
(113,000) 
4,802,000  
(3,199,000) 
Accrued expenses and other current liabilities
(3,434,000) 
3,138,000  
6,595,000  
Benefit obligations and other long-term liabilities
4,527,000  
(2,346,000) 
482,000  
Net cash provided by operating activities
69,920,000  
 
56,465,000  
 
53,747,000  
 
Investing activities
 
 
 
Capital expenditures
(9,830,000) 
(10,009,000) 
(5,254,000) 
Proceeds from sale of assets held for sale
  
1,018,000  
Acquisition of business
(181,344,000) 
(11,818,000) 
(86,693,000) 
Net cash used in investing activities
(191,174,000) 
 
(21,827,000) 
 
(90,929,000) 
 
Financing activities
 
 
 
Shares withheld on restricted stock vesting paid for employees' taxes
 
(27,000) 
(97,000) 
Proceeds from exercise of stock options
 
111,000  
 
Payments of financing costs
(2,320,000) 
 
(2,132,000) 
Borrowings on long-term debt
129,350,000  
 
188,100,000  
Dividends paid
(21,451,000) 
(20,173,000) 
(19,598,000) 
Short-term borrowings (repayments), net
  
(13,000,000) 
Repayment of long-term debt
(2,560,000) 
(1,900,000) 
(111,760,000) 
Net cash provided by (used in) financing activities
103,019,000  
 
(21,989,000) 
 
41,513,000  
 
Change in cash and cash equivalents
(18,235,000) 
 
12,649,000  
 
4,331,000  
 
Cash and cash equivalents at beginning of year
36,844,000  
24,195,000  
19,864,000  
Cash and cash equivalents at end of year
18,609,000  
 
36,844,000  
 
24,195,000  
 
Non-cash operating and financing activities
 
 
 
Truck chassis inventory acquired through floorplan obligations
13,697,000  
  
Supplemental disclosure of cash flow information
 
 
 
Income taxes paid
16,440,000  
21,633,000  
17,012,000  
Interest paid
14,235,000  
10,519,000  
7,505,000