Page 13 - RosboroAR2017

CONSOLIDATED
STATEMENT OF CASH FLOWS
(IN THOUSANDS)
YEAR ENDED DEC. 31, 2017
(2,410) 15 (7,361) (9,756)
54,115 (549) (67,500) (2,450) (16,384)
(3,442) 3,442 $-
$4,455 $100
$12,493 See accompanying notes.
CASH FLOWS FROM OPERATING ACTIVITIES
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:
YEAR ENDED DEC. 31, 2017
$5,987
7,603 264 9,404 1,761 (11,015) (2) 4,280 2,966 303
CASH FLOWS FROM INVESTING ACTIVITIES Purchase of timber assets
Proceeds from sale of equipment Capital expenditures
Net cash from investing activities
CASH FLOWS FROM FINANCING ACTIVITIES Net borrowings on 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
Receivables (1,656)
Inventories
Prepaid expenses
Other assets
Accounts payable and accrued expenses
Net cash from operating activities
BRAND EXTENSION
(3,307) (217) 220 6,107 22,698
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION Cash paid for interest
Cash paid for income taxes
SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING ACTIVITIES
Lump sum timber acquired in exchange for timber contracts
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