Page 16 - RosboroAR2018

CONSOLIDATEDSTATEMENTS OF CASH FLOW(IN THOUSANDS)
CASH FLOWS FROM INVESTING ACTIVITIES
CASH FLOWS FROM OPERATING ACTIVITIES
YEAR ENDED DEC. 31, 2018
$8,882
8,411 137 11,704 1,982 (9,852) (726) - 3,412 152
3,063 (673) (11,495) 20 290 (1,115)
14,192
YEAR ENDED DEC. 31, 2017
$5,987
7,603 264 9,404 1,761 (11,015) (2) 4,280 2,966 303
(1,656) 0 (3,307) (217) 220 6,107
22,698
Net income
Adjustments to reconcile net income to net cash
from operating activities:
Depreciation and amortization
Amortization of deferred nancing costs
Timber depletion and associated charges - contract Road amortization
Payments on timber contracts
Gain on sale of equipment
Loss on extinguishment of debt
Deferred income taxes
Stock-based compensation
Change in assets and liabilities:
Receivables
Refundable income taxes
Inventories
Prepaid expenses
Other assets
Accounts payable and accrued expenses
Net cash from operating activities
Purchase of timber assets Proceeds from sale of equipment Capital expenditures
Net cash from investing activities
Net change in revolving lines of credit Payment of deferred nancing costs Payments on long-term debt Payments on debt extinguishment Net cash from nancing 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
CASH FLOWS FROM FINANCING ACTIVITIES
(3,486) - - -
54,115 (549) (67,500) (2,450)
(3,486)
(16,384)
- -
$-
(3,442) 3,442
$-
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
YEAR ENDED DEC. 31, 2018
(2,226) 818 (9,298)
YEAR ENDED DEC. 31, 2017
(2,410) 15 (7,361)
(10,706)
(9,756)
16
ANNUAL REPORT 2018
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING ACTIVITIES
$1,524 $838
See accompanying notes.
$4,398 $100
$11,828
$12,493