Page 15 - RosboroAR2020

CONSOLIDATED STATEMENTS
(27)
866
269
(1,908)
630
488
204
(302)
8,580
41,776
564
829
135
(2,104)
5,797
185
(246)
(1,128)
18,087
10
6
-
-
CASH FLOWS FROM INVESTING ACTIVITIES
OF CASH FLOWS
( )
Purchase of timber assets
Cash paid to acquire business Proceeds from sale of equipment Proceeds from sale of timberland Capital expenditures
Net cash from investing activities
Net change in revolving lines of credit proceeds from issuance of long-term debt Cash paid for debt issuance costs Redemption of preferred stock
Dividends paid
Proceeds from issuance of common stock Net cash from financing activities
NET CHANGE IN CASH AND CASH EQUIVALENTS CASH AND CASH EQUIVALENTS, beginning of year CASH AND CASH EQUIVALENTS, end of year
Cash paid for interest Cash paid for income taxes
Lump sum timber acquired in exchange for timber contracts
IN THOUSANDS
CASH FLOWS FROM FINANCING ACTIVITIES
YEAR ENDED DEC. 31, 2020
(1,268)
CASH FLOWS FROM OPERATING ACTIVITIES
Net income
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization Amortization of deferred financing costs
Timber depletion and associated charges - contract
Road amortization
Payments on timber contracts
Loss on sale of timberland
Gain on sale of equipment
Deferred income taxes
Stock-based compensation
Change in assets and liabilities, net of effects of business acquisition:
Receivables
Inventories
Refundable income taxes
Prepaid expenses
Other assets
Accounts payable and accrued expenses
Income Taxes Payable
Net cash from operating activities
YEAR ENDED DEC. 31, 2020
$18,853
(2,334)
(3,523)
(14,205)
26,250
(474)
(25,629)
(24,371)
79
-
-
-
YEAR ENDED DEC. 31, 2019
(2,889)
(12,412)
(5,481)
2,839
30
-
(20,752)
11,034
241
5,779
2,075
(5,570)
-
YEAR ENDED DEC. 31, 2019
$2,808
10,413
137
7,981
1,141
(7,877)
-
-
-
-
2
(38,429)
(176)
176
2,841
176
-
$-
$176
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING ACTIVITIES
$573
$3,894
$3,051
See accompanying notes.
$2,225
$107
$3,487
15 — ROSBORO ANNUAL REPORT 2020