Financial Statements

Ampco-Pittsburgh Corporation (AP)

$2.17

+0.06 (+2.84%)

Cash Flow Statement

All numbers are in thousands
Year XLSX
2023
XLSX
2022
XLSX
2021
XLSX
2020
XLSX
2019
Operating Cash Flow -3,686-27,208-15,86633,635-7,097
Net Income -39,9283,980-12,1349,170-10,475
Depreciation & Amortization 17,70117,40817,87718,57518,967
Deferred income taxes -2,9644681,304958559
Stock-based compensation 2,1461,6652,4381,3291,422
Change in working capital -17,509-36,264-26,99012,745-16,550
Other non-cash items 36,868-14,4651,639-9,142-1,020
Investing Cash Flow -19,685-16,308-14,734-7,929-2,820
Investments in PPE -20,448-16,688-15,236-8,466-10,964
Acquisitions 12817-2722717,992
Investment purchases -99-724-32--4,292
Sales/Maturities of investments 7341,088304-4,292
Other Investing Activites --1502266152
Financing Cash Flow 21,68842,58724,402-17,220-3,780
Debt repayment -21,688-33,433-10,665-41,030-44,409
Common Stock Issuance -1933,30818,139-
Other Financing Activites -75,82731,7595,67140,629
Accounts receivables -5,473-11,626-8,26820,866-15,040
Accounts payables -6,3581,55717,601-7,778-5,292
Inventory -1,401-17,903-18,40010,21910,797
Other working capital -4,277-8,292-17,923-10,562-7,015
Cash at beginning of period 8,73510,33716,8426,96020,837
Cash at end of period 7,2868,73510,33716,8426,960
Capital Expenditure -20,448-16,688-15,236-8,466-10,964
Effect of forex changes on cash 234-673-3071,396-180
Net cash flow / Change in cash -1,449-1,602-6,5059,882-13,877
Free Cash Flow -24,134-43,896-31,10225,169-18,061

Ampco-Pittsburgh Corporation income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Ampco-Pittsburgh Corporation FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.