DOUGLAS DYNAMICS, INC (PLOW)
Douglas Dynamics, Inc. is a North American firm specializing in the production and customization of equipment and accessories for commercial work trucks. The company's operations are divided into two primary segments: Work Truck Attachments and Work Truck Solutions. The Work Truck Attachments division designs, manufactures, and sells a variety of snow and ice control implements, including plows and sand/salt spreaders, suitable for both light and heavy-duty trucks, along with various associated parts and accessories. Products in this segment are sold under brand names such as BLIZZARD, FISHER, SNOWEX, WESTERN, TURFEX, and SWEEPEX. The Work Truck Solutions segment, conversely, focuses on supplying products for municipal snow and ice management. It also provides comprehensive truck and vehicle upfitting services, installing specialized equipment, truck bodies, racking, and storage systems onto vehicle chassis for diverse work-related applications. Additionally, this segment produces storage solutions for trucks and vans, as well as cable pulling equipment, and delivers customized turnkey solutions to governmental bodies like Departments of Transportation and municipalities. Key brands here include HENDERSON, BRINEXTREME, and DEJANA. Douglas Dynamics primarily serves professional snow removal contractors engaged in clearing commercial and residential areas. Founded in 1948, the company's headquarters are located in Milwaukee, Wisconsin.
Sector: Construction Machinery & Equip
Industry: Industrial - Machinery
Douglas Dynamics, Inc.
NYSE:PLOWIndustrials · Manufacturing - Tools & Accessories
-0.43%$39.80
AH Close$39.80+0.00%vs close
AH Close$39.80+0.00%vs close
Mkt Cap$918.47M
Float22.71M
O/S23.08M
Inst Own94.9%
SI2.3%
Div Yield2.96%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$656.05M
Net Income$46.9M
Total Assets$626.7M
Free Cash Flow$63.56M
Debt & Equity
Debt 44%
Equity 56%
Total Debt$219.05M
Total Equity$281.45M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in PLOW's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$626.7M
Liabilities$345.25M
Accounts Receivable$97.56M
Accounts Payable$38.69M
Inventory$152.84M
PP&E (Net)$113.74M
Goodwill$116.78M
Intangible Assets$116.27M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 |
| Revenue | $656.05M | $568.5M | $568.18M | $616.07M | $541.45M | $480.15M | $571.71M | $524.07M | $474.93M | $416.27M | $400.41M | $303.51M | $194.32M | $140.03M | $208.8M | $176.79M | $174.34M | $180.11M | $140.06M |
| YoY Growth | 15.4% | 0.1% | -7.8% | 13.8% | 12.8% | -16.0% | 9.1% | 10.3% | 14.1% | 4.0% | 31.9% | 56.2% | 38.8% | -32.9% | 18.1% | 1.4% | -3.2% | 28.6% | - |
| Cost of Revenue | $481.37M | $421.67M | $433.91M | $464.61M | $399.58M | $351.87M | $402.89M | $369.18M | $331.84M | $282.29M | $267.55M | $187.19M | $128.67M | $96.07M | $136.98M | $116.49M | $117.26M | $117.91M | $97.25M |
| Gross Profit | $174.68M | $146.84M | $134.27M | $151.46M | $141.87M | $128.28M | $168.82M | $154.89M | $143.09M | $133.97M | $132.86M | $116.33M | $65.65M | $43.96M | $71.82M | $60.3M | $57.08M | $62.2M | $42.82M |
| Gross Margin | 26.6% | 25.8% | 23.6% | 24.6% | 26.2% | 26.7% | 29.5% | 29.6% | 30.1% | 32.2% | 33.2% | 38.3% | 33.8% | 31.4% | 34.4% | 34.1% | 32.7% | 34.5% | 30.6% |
| Research and Development | $0 | $0 | $10.08M | $0 | $0 | $0 | $0 | $3.19M | $2.93M | $3.13M | $2.95M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $94.89M | $91.68M | $78.84M | $82.18M | $78.84M | $64.62M | $71.29M | $71.24M | $63.04M | $50.66M | $48.15M | $36.49M | $30.63M | $19.89M | $26.43M | $32.89M | $27.64M | $26.56M | $22.18M |
| Other | $6.18M | $7.52M | $439K | $10.52M | $11.89M | $138.8M | $10.96M | -$758K | -$115K | -$277K | -$193K | -$221K | -$161K | -$320K | $5.2M | $6M | $0 | $0 | $0 |
| Total Operating Expenses | $101.07M | $99.2M | $89.36M | $92.7M | $90.74M | $203.42M | $82.24M | $81.43M | $73M | $64.86M | $55.51M | $44.04M | $37.5M | $25.09M | $31.64M | $38.89M | $27.64M | $26.56M | $22.18M |
| Operating Income (EBIT) | $73.61M | $47.63M | $44.91M | $58.75M | $51.13M | -$75.14M | $86.57M | $73.46M | $70.09M | $69.12M | $77.35M | $72.22M | $27.51M | $18.87M | $40.18M | $21.41M | $29.44M | $35.64M | $20.64M |
| Operating Margin | 11.2% | 8.4% | 7.9% | 9.5% | 9.4% | -15.6% | 15.1% | 14.0% | 14.8% | 16.6% | 19.3% | 23.8% | 14.2% | 13.5% | 19.2% | 12.1% | 16.9% | 19.8% | 14.7% |
| Interest Expense | $12.11M | $15.26M | $15.68M | $11.25M | $11.84M | $20.24M | $16.78M | $16.94M | $18.34M | $15.2M | $10.89M | $8.13M | $8.33M | $8.39M | $8.92M | $10.94M | $15.52M | $17.3M | $19.62M |
| Interest Income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$12.1M | $26.26M | -$15.68M | -$11.39M | -$16.55M | -$23.69M | -$23.96M | -$17.7M | -$17.89M | -$6.11M | -$11.09M | -$10.22M | -$8.49M | -$8.71M | -$9.81M | -$18.87M | -$15.61M | -$17.37M | -$22.44M |
| Income Before Tax (EBT) | $61.51M | $73.89M | $29.23M | $47.36M | $34.59M | -$98.83M | $62.62M | $55.76M | $52.91M | $63.7M | $66.26M | $62M | $19.02M | $10.16M | $30.37M | $2.53M | $13.83M | $18.26M | -$1.81M |
| Income Tax Expense | $14.61M | $17.74M | $5.51M | $8.75M | $3.9M | -$12.28M | $13.45M | $11.85M | -$2.41M | $24.69M | $22.09M | $22.04M | $7.38M | $4.14M | $11.33M | $872K | $3.99M | $6.79M | -$749K |
| Net Income | $46.9M | $56.15M | $23.72M | $38.61M | $30.69M | -$86.55M | $49.17M | $43.91M | $55.32M | $39.01M | $44.18M | $39.96M | $11.64M | $6.01M | $19.04M | $1.66M | $9.84M | $11.47M | -$1.06M |
| Net Income Margin | 7.1% | 9.9% | 4.2% | 6.3% | 5.7% | -18.0% | 8.6% | 8.4% | 11.6% | 9.4% | 11.0% | 13.2% | 6.0% | 4.3% | 9.1% | 0.9% | 5.6% | 6.4% | -0.8% |
| Supplementary Data | |||||||||||||||||||
| EPS | 2.03 | 2.39 | 1.01 | 1.65 | 1.31 | -3.81 | 2.13 | 1.94 | 2.42 | 1.71 | 1.95 | 1.78 | 0.52 | 0.27 | 0.87 | 0.09 | 0.68 | 0.79 | -0.07 |
| Diluted EPS | 1.97 | 2.36 | 1.01 | 1.63 | 1.29 | -3.81 | 2.11 | 1.93 | 2.40 | 1.70 | 1.94 | 1.77 | 0.51 | 0.26 | 0.85 | 0.09 | 0.67 | 0.77 | -0.07 |
| Weighted Average OS | 23.06M | 23.07M | 22.96M | 22.92M | 22.95M | 22.85M | 22.78M | 22.68M | 22.58M | 22.48M | 22.33M | 22.17M | 22.03M | 21.89M | 21.65M | 18.80M | 14.42M | 14.61M | 14.42M |
| EBITDA | $88.98M | $107.04M | $66.57M | $79.55M | $66.74M | -$58.85M | $98.61M | $91.26M | $87.23M | $89.58M | $89.44M | $83.26M | $38.09M | $26.57M | $47.47M | $25.18M | $41.31M | $46.37M | $28.61M |
| EBITDA Margin | 13.6% | 18.8% | 11.7% | 12.9% | 12.3% | -12.3% | 17.2% | 17.4% | 18.4% | 21.5% | 22.3% | 27.4% | 19.6% | 19.0% | 22.7% | 14.2% | 23.7% | 25.7% | 20.4% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 |
| Assets | |||||||||||||||||||
| Current Assets | |||||||||||||||||||
| Cash and Cash Equivalents | $8.3M | $5.12M | $24.16M | $20.67M | $36.96M | $41.03M | $35.66M | $27.82M | $36.88M | $18.61M | $36.84M | $24.2M | $19.86M | $24.14M | $39.43M | $20.15M | $69.07M | $53.55M | $35.52M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $8.3M | $5.12M | $24.16M | $20.67M | $36.96M | $41.03M | $35.66M | $27.82M | $36.88M | $18.61M | $36.84M | $24.2M | $19.86M | $24.14M | $39.43M | $20.15M | $69.07M | $53.55M | $35.52M |
| Accounts Receivable | $97.56M | $87.41M | $88.58M | $86.77M | $72.26M | $83.19M | $87.87M | $81.48M | $79.12M | $80.13M | $72.56M | $60.92M | $44.99M | $30.3M | $34.02M | $37.04M | $32.59M | $29M | $31.77M |
| Inventory | $152.84M | $139.65M | $142.61M | $137.71M | $106.67M | $87.63M | $84.48M | $86.2M | $79.23M | $74.81M | $51.58M | $48.25M | $27.98M | $30.29M | $24M | $23.48M | $26.7M | $28.8M | $17.09M |
| Other Current Assets | $920K | $6.05M | $6.9M | $7.77M | $0 | $0 | $0 | $0 | $0 | $0 | $6.15M | $9.16M | $4.22M | $3.71M | $6.01M | $8.27M | $3.73M | $3.13M | $5.73M |
| Total Current Assets | $266.03M | $238.22M | $262.24M | $252.92M | $220.43M | $217.19M | $211.53M | $199.09M | $198.11M | $182.16M | $169.24M | $142.52M | $98.37M | $89.58M | $103.46M | $88.97M | $133.53M | $115.41M | $91.49M |
| Long-Term Assets | |||||||||||||||||||
| Property, Plant & Equipment Net | $113.74M | $112.11M | $85.35M | $86.09M | $85.25M | $85.76M | $81M | $55.2M | $53.96M | $52.14M | $42.64M | $37.55M | $24.87M | $19.89M | $21.34M | $21.96M | $26.66M | $24.26M | $25.81M |
| Goodwill | $116.78M | $113.13M | $113.13M | $113.13M | $113.13M | $113.13M | $241.01M | $241.01M | $241.01M | $238.29M | $160.93M | $160.96M | $113.13M | $107.22M | $107.22M | $107.22M | $107.22M | $107.22M | $107.22M |
| Intangible Assets | $116.27M | $113.55M | $121.07M | $131.59M | $142.11M | $152.79M | $163.72M | $174.68M | $186.15M | $194.85M | $127.65M | $135.01M | $123.42M | $116.55M | $121.75M | $126.95M | $132.95M | $139.11M | $145.27M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$48.2M | -$39.27M | -$5.73M | -$3.82M | -$4.52M | -$2.01M | -$916K | -$1.55M | -$6.19M | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $48.2M | $39.27M | $5.73M | $6.15M | $7M | $4.22M | $3.71M | $4.95M | $7.14M | $0 | $0 | $0 |
| Other Long-Term Assets | $13.88M | $12.96M | $11.63M | $13.15M | $11.55M | $10.33M | $8.44M | $6.22M | $5.95M | $4.46M | $2.71M | $1.92M | $2.33M | $2.34M | $1.84M | $1.99M | $4.25M | $5.26M | $5.85M |
| Total Long-Term Assets | $360.67M | $351.76M | $331.18M | $343.97M | $352.05M | $362.01M | $494.17M | $477.1M | $487.06M | $489.74M | $336.26M | $337.92M | $265.97M | $248.79M | $255.56M | $259.07M | $271.08M | $275.85M | $284.16M |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $626.7M | $589.98M | $593.42M | $596.89M | $572.48M | $579.2M | $705.7M | $676.19M | $685.18M | $671.9M | $505.5M | $480.44M | $364.34M | $338.37M | $359.02M | $348.04M | $404.62M | $391.26M | $375.65M |
| Liabilities | |||||||||||||||||||
| Current Liabilities | |||||||||||||||||||
| Accounts Payable | $38.69M | $32.32M | $31.37M | $49.25M | $27.38M | $16.28M | $16.11M | $18.7M | $16.32M | $17.3M | $14.55M | $9.75M | $7.71M | $5.37M | $5.04M | $2.85M | $5.17M | $4.95M | $4.62M |
| Short-Term Debt | $16.6M | $2.61M | $55.98M | $12.35M | $13.79M | $9.55M | $28.68M | $36.95M | $40.46M | $6.77M | $1.63M | $1.63M | $13.97M | $971K | $11.07M | $1.18M | $850K | $850K | $850K |
| Current Income Tax Payable | $920M | $1.69M | $0 | $3.48M | $0 | $5.21M | $2.99M | $106K | $3M | $1.54M | $4.85M | $642K | $2.65M | $4.87M | $395K | $29K | $1.2M | $1.25M | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $19.21M | $16.29M | $23.39M | $20.46M | $30.32M | $11.19M | $7.79M | $0 | $0 | -$850K | -$850K | -$850K |
| Other Current Liabilities | $15.55M | $12.93M | $15.98M | $15.12M | $19.18M | $17.2M | $12.17M | $8.42M | $9.38M | $13.41M | $12.51M | $22.09M | $7.04M | $6.17M | $7.16M | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $95.85M | $70.19M | $118.52M | $100.43M | $81.92M | $66.21M | $78.1M | $79.07M | $80.78M | $51.39M | $41.73M | $45.69M | $36.1M | $16.67M | $32.61M | $15.98M | $25.19M | $23.86M | $19.01M |
| Long-Term Liabilities | |||||||||||||||||||
| Long-Term Debt | $135.16M | $146.68M | $181.49M | $195.3M | $206.06M | $236.68M | $222.08M | $242.95M | $274.87M | $306.73M | $184.84M | $186.47M | $110.02M | $111M | $111.87M | $119.97M | $231.81M | $232.66M | $233.51M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $8.37M | $16.57M | $17.38M | $17.5M | $19.68M | $12.39M | $21.7M | $23.13M | $19.05M | $18.29M | $18.83M | $12.58M |
| Long-Term Deferred Tax Liabilities | $33.1M | $24.57M | $27.9M | $29.84M | $29.79M | $26.68M | $47.21M | $48.2M | $39.27M | $60.29M | $54.93M | $49.85M | $45.05M | $33.8M | $26.96M | $22.65M | $18.91M | $16.14M | $17.27M |
| Other Long-Term Liabilities | $21.01M | $19.54M | $20.05M | $20.2M | $24.7M | $32M | $26.16M | $23.23M | $33.57M | $33.03M | $21.16M | $25.14M | $17.85M | $23.17M | $23.28M | $18.89M | $2.2M | $1.72M | $1.34M |
| Total Long-Term Liabilities | $249.41M | $255.58M | $243.34M | $259.36M | $275.95M | $312.79M | $314.43M | $314.37M | $347.71M | $400.04M | $263.27M | $261.46M | $172.92M | $167.97M | $163.02M | $162.57M | $271.21M | $269.35M | $264.69M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $345.25M | $325.77M | $361.85M | $359.79M | $357.87M | $379M | $392.53M | $393.44M | $428.5M | $451.44M | $305.01M | $307.15M | $209.02M | $184.64M | $195.63M | $178.55M | $296.4M | $293.2M | $283.71M |
| Stockholders' Equity | |||||||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $49K | $0 | $0 | $183K | $28K | $0 | $84K | $480K | $431K | $0 | $0 | $0 |
| Common Stock | $231K | $231K | $230K | $229K | $230K | $229K | $228K | $227K | $226K | $225K | $224K | $223K | $222K | $221K | $220K | $216K | $6K | $6K | $6K |
| Retained Earnings | $107.38M | $88.42M | $59.75M | $63.46M | $51.88M | $47.71M | $160.75M | $136.76M | $115.74M | $82.39M | $64.83M | $40.83M | $20.46M | $27.52M | $39.74M | $46.49M | $53.05M | $43.21M | $31.86M |
| Comprehensive Income & Other | $3.18M | $5.47M | $6.36M | $9.13M | -$1.05M | -$5.5M | -$2.81M | -$6.05M | -$6.57M | -$6.67M | -$6.18M | -$6.03M | -$862K | -$7.08M | -$7.48M | -$4.43M | -$3.94M | -$4.56M | -$468K |
| Other Stockholders' Equity | $173.83M | $175.56M | $171.59M | $173.41M | $162.5M | $152.26M | $152.19M | $145.76M | $140.72M | $137.85M | $135.44M | $132.24M | $134.64M | $125.99M | $123.43M | $122.78M | $55.16M | $54.84M | $60.08M |
| Total Equity | $281.45M | $264.21M | $231.56M | $237.1M | $214.61M | $200.2M | $313.16M | $282.76M | $256.68M | $220.46M | $200.5M | $173.29M | $155.32M | $153.73M | $163.39M | $169.49M | $108.22M | $98.06M | $91.94M |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $626.7M | $589.98M | $593.42M | $596.89M | $572.48M | $579.2M | $705.7M | $676.19M | $685.18M | $671.9M | $505.5M | $480.44M | $364.34M | $338.37M | $359.02M | $348.04M | $404.62M | $391.26M | $375.65M |
| Supplementary Data | |||||||||||||||||||
| Total Debt | $219.05M | $221.47M | $256.7M | $226.53M | $239.88M | $267.99M | $273.57M | $279.9M | $315.33M | $313.49M | $186.47M | $188.1M | $123.99M | $111.97M | $122.94M | $121.15M | $232.66M | $233.51M | $234.36M |
| Net Debt | $210.75M | $216.35M | $232.55M | $205.86M | $202.92M | $226.96M | $237.9M | $252.08M | $278.46M | $294.88M | $149.63M | $163.91M | $104.13M | $87.83M | $83.5M | $101M | $163.59M | $179.96M | $198.84M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 | FY 2010 | FY 2009 | FY 2008 | FY 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 |
| Operating Activities | |||||||||||||||||||
| Net Income | $46.9M | $56.15M | $23.72M | $38.61M | $30.69M | -$86.55M | $49.17M | $43.91M | $55.32M | $39.01M | $44.18M | $39.96M | $11.64M | $6.01M | $19.04M | $1.66M | $9.84M | $11.47M | -$1.06M |
| Depreciation & Amortization | $15.36M | $17.89M | $21.66M | $20.94M | $20.32M | $19.74M | $19.21M | $19.09M | $18.58M | $16.74M | $12.28M | $9.22M | $8.69M | $8.02M | $8.18M | $11.71M | $11.96M | $10.81M | $10.8M |
| Deferred Income Tax | $9.27M | -$3.04M | $7.56M | -$3.27M | $1.62M | -$19.6M | -$2.12M | $9.55M | -$15.24M | $5.41M | $5.81M | -$326K | $10.73M | $8.09M | $6.5M | $641K | $1.81M | $3.95M | $3.51M |
| Stock-Based Compensation | $6.72M | $4.86M | $953K | $6.73M | $5.79M | $2.83M | $3.24M | $4.55M | $3.5M | $2.9M | $3.27M | $2.87M | $2.59M | $2.17M | $1.87M | $4.03M | $732K | $0 | $0 |
| Changes in Working Capital: | |||||||||||||||||||
| Accounts Receivable | -$6.1M | -$4.35M | $2.68M | -$14.25M | $12.09M | $3.04M | -$7.75M | -$511K | -$1.15M | $2.42M | -$7.09M | -$4.2M | -$16.64M | $8.34M | $2.97M | -$5.31M | -$3.72M | -$1.18M | -$7.32M |
| Inventory | -$672K | $3.36M | -$3.89M | -$32.48M | -$24.28M | -$1.8M | $4.05M | -$12.35M | $894K | $605K | -$5.29M | -$3.96M | $6.45M | -$6.29M | -$524K | $3.22M | $2.1M | -$11.72M | $10.2M |
| Accounts Payable | $3.39M | $991K | -$17.12M | $21.52M | $10.42M | -$21K | -$2.56M | $3.04M | -$1.67M | -$113K | $4.8M | -$3.2M | $1.56M | $330K | $2.19M | -$2.32M | $218K | $335K | $539K |
| Other Working Capital | -$9.77M | -$1.44M | -$28.36M | $2.77M | -$3.58M | $4.31M | $11.9M | -$10.12M | $6.03M | $2.79M | -$5.09M | $9.16M | $1.55M | -$12.26M | $5.95M | -$7.12M | $1.31M | $8.56M | -$634K |
| Total Working Capital Change | -$13.15M | -$1.44M | -$46.69M | -$22.45M | -$5.35M | $5.53M | $5.64M | -$19.94M | $4.1M | $5.7M | -$12.68M | -$2.2M | -$7.08M | -$9.88M | $10.59M | -$11.54M | -$83K | -$4M | $2.79M |
| Other Non-Cash Items | $9.59M | -$33.29M | $5.26M | -$532K | $7.46M | $131.42M | $2.16M | $1.03M | $903K | $155K | $3.6M | $4.22M | $5.68M | $1.21M | $1.55M | $9.28M | $1.31M | $33K | $2.64M |
| Net Cash from Operating | $74.69M | $41.13M | $12.47M | $40.03M | $60.53M | $53.37M | $77.3M | $58.18M | $67.17M | $69.92M | $56.47M | $53.75M | $32.25M | $15.62M | $47.73M | $15.78M | $25.57M | $23.41M | $20.04M |
| Investing Activities | |||||||||||||||||||
| Capital Expenditures | -$11.13M | -$7.81M | -$10.52M | -$12.05M | -$11.21M | -$14.49M | -$11.53M | -$9.69M | -$8.38M | -$9.83M | -$10.01M | -$5.25M | -$2.77M | -$1.45M | -$2.37M | -$3.01M | -$8.2M | -$3.16M | -$1.05M |
| Acquisitions | -$26.33M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$7.38M | -$181.34M | -$11.82M | -$86.69M | -$26.73M | $0 | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $64.6M | $0 | $0 | $0 | $0 | $0 | -$9.69M | $0 | $0 | $0 | $1.02M | -$26.73M | $80K | $67K | $226K | $0 | $47K | $4K |
| Net Cash from Investing | -$37.46M | $56.79M | -$10.52M | -$12.05M | -$11.21M | -$14.49M | -$11.53M | -$9.69M | -$15.77M | -$191.17M | -$21.83M | -$90.93M | -$29.51M | -$1.37M | -$2.31M | -$2.78M | -$8.2M | -$3.11M | -$1.04M |
| Financing Activities | |||||||||||||||||||
| Debt Repaid | $4.66M | $42M | $17.69M | $11.25M | $25.5M | $6.38M | $32.69M | $33.14M | $3.15M | -$126.79M | $1.9M | -$76.34M | $1.15M | $11.15M | -$1.3M | $111.51M | $850K | $850K | -$6.75M |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $63.93M | $0 | $0 | $0 |
| Common Stock Repurchases | -$6M | $0 | $0 | -$6M | $0 | -$72K | -$50K | -$23K | -$923K | $0 | -$27K | -$97K | -$160K | $0 | $0 | -$166K | -$1M | -$1.1M | $0 |
| Dividends Paid | -$27.94M | -$27.48M | -$27.44M | -$27.03M | -$26.52M | -$25.93M | -$25.18M | -$24.38M | -$21.97M | -$21.45M | -$20.17M | -$19.6M | -$18.7M | -$18.23M | -$25.79M | -$8.22M | $0 | $0 | $0 |
| Other Financing Activities | -$454K | -$279K | -$334K | $0 | -$1.37M | $0 | $0 | $0 | -$7.09M | -$2.32M | $111K | -$2.13M | $13M | -$168K | -$1.65M | -$14.17M | $0 | -$314K | -$2.67M |
| Net Cash from Financing | -$34.05M | -$116.96M | $1.54M | -$44.28M | -$53.39M | -$33.51M | -$57.92M | -$57.55M | -$33.14M | $103.02M | -$21.99M | $41.51M | -$7.01M | -$29.55M | -$26.14M | -$61.92M | -$1.85M | -$2.27M | $4.08M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $3.18M | -$19.04M | $3.49M | -$16.29M | -$4.07M | $5.37M | $7.84M | -$9.05M | $18.27M | -$18.23M | $12.65M | $4.33M | -$4.27M | -$15.3M | $19.28M | -$48.92M | $15.52M | $18.03M | $23.08M |
| Supplementary Data | |||||||||||||||||||
| Operating Cash Flow | $74.69M | $41.13M | $12.47M | $40.03M | $60.53M | $53.37M | $77.3M | $58.18M | $67.17M | $69.92M | $56.47M | $53.75M | $32.25M | $15.62M | $47.73M | $15.78M | $25.57M | $23.41M | $20.04M |
| Capital Expenditure | -$11.13M | -$7.81M | -$10.52M | -$12.05M | -$11.21M | -$14.49M | -$11.53M | -$9.69M | -$8.38M | -$9.83M | -$10.01M | -$5.25M | -$2.77M | -$1.45M | -$2.37M | -$3.01M | -$8.2M | -$3.16M | -$1.05M |
| Free Cash Flow | $63.56M | $33.32M | $1.95M | $27.98M | $49.33M | $38.88M | $65.76M | $48.49M | $58.79M | $60.09M | $46.46M | $48.49M | $29.47M | $14.17M | $45.35M | $12.77M | $17.37M | $20.25M | $18.99M |
| Cash at Beginning | $5.12M | $24.16M | $20.67M | $36.96M | $41.03M | $35.66M | $27.82M | $36.88M | $18.61M | $36.84M | $24.2M | $19.86M | $24.14M | $39.43M | $20.15M | $69.07M | $53.55M | $35.52M | $12.44M |
| Cash at End | $8.3M | $5.12M | $24.16M | $20.67M | $36.96M | $41.03M | $35.66M | $27.82M | $36.88M | $18.61M | $36.84M | $24.2M | $19.86M | $24.14M | $39.43M | $20.15M | $69.07M | $53.55M | $35.52M |