Component: (Network and Table) | |
---|---|
Network | 0006 - Statement - Consolidated Statements of Cash Flows (http://aaon.com/role/ConsolidatedStatementsOfCashFlows) |
Table | (Implied) |
Reporting Entity [Axis] | 0000824142 (http://www.sec.gov/CIK) |
Statement of Cash Flows [Abstract] | Period [Axis] | ||
---|---|---|---|
2011-01-01 - 2011-12-31 | 2010-01-01 - 2010-12-31 | 2009-01-01 - 2009-12-31 | |
Statement of Cash Flows [Abstract] | |||
Operating Activities | |||
Net income | 13,986,000 | 21,894,000 | 27,721,000 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation | 11,397,000 | 9,886,000 | 9,061,000 |
Amortization of bond premiums | 156,000 | 379,000 | xsi:nil |
Provision for losses on accounts receivable, net of adjustments | (289,000) | (117,000) | 10,000 |
Provision for excess and obsolete inventories | (50,000) | xsi:nil | 410,000 |
Share-based compensation | 680,000 | 791,000 | 848,000 |
Excess tax benefits from stock options exercised and restricted stock awards vested | (211,000) | (356,000) | (703,000) |
(Gain) loss on disposition of assets | 1,802,000 | (73,000) | (59,000) |
Unrealized gain on financial derivative asset | xsi:nil | (14,000) | (2,200,000) |
Effect of foreign currency (gain) loss | (8,000) | xsi:nil | xsi:nil |
Deferred income taxes | 10,122,000 | (558,000) | 3,531,000 |
Changes in assets and liabilities: | |||
Accounts receivable | 6,053,000 | (6,403,000) | 5,495,000 |
Income tax receivable | (10,016,000) | xsi:nil | xsi:nil |
Inventories | (1,296,000) | (4,814,000) | 7,243,000 |
Prepaid expenses and other | (67,000) | 431,000 | (660,000) |
Financial derivative asset | xsi:nil | 2,214,000 | xsi:nil |
Accounts payable | (2,751,000) | 6,522,000 | (6,334,000) |
Accrued liabilities | (3,024,000) | 2,370,000 | 842,000 |
Net cash provided by operating activities | 26,484,000 | 32,152,000 | 45,205,000 |
Investing Activities | |||
Proceeds from sale of property, plant and equipment | 482,000 | 136,000 | 135,000 |
Investment in certificates of deposit | xsi:nil | (2,745,000) | xsi:nil |
Maturities of certificates of deposit | 1,503,000 | 1,242,000 | xsi:nil |
Investments held to maturity | xsi:nil | (12,018,000) | xsi:nil |
Maturities of investments | 9,364,000 | 2,119,000 | xsi:nil |
Proceeds from assets held for sale | xsi:nil | 460,000 | xsi:nil |
Proceeds from note receivable | 27,000 | xsi:nil | xsi:nil |
Capital expenditures | (35,914,000) | (17,470,000) | (9,774,000) |
Net cash used in investing activities | (24,538,000) | (28,276,000) | (9,639,000) |
Financing Activities | |||
Borrowings under revolving credit facility | 82,078,000 | 20,839,000 | 9,972,000 |
Payments under revolving credit facility | (77,503,000) | (20,839,000) | (12,873,000) |
Payments of long-term debt | xsi:nil | (76,000) | (136,000) |
Stock options exercised | 494,000 | 1,168,000 | 1,236,000 |
Excess tax benefits from stock options exercised and restricted stock awards vested | 211,000 | 356,000 | 703,000 |
Repurchase of stock | (3,671,000) | (19,480,000) | (3,129,000) |
Cash dividends paid to stockholders | (5,935,000) | (9,168,000) | (5,874,000) |
Net cash used in financing activities | (4,326,000) | (27,200,000) | (10,101,000) |
Effects of exchange rate on cash | xsi:nil | 78,000 | (95,000) |
Net increase (decrease) in cash and cash equivalents | (2,380,000) | (23,246,000) | 25,370,000 |
Cash and cash equivalents, beginning of year | 2,393,000 | 25,639,000 | 269,000 |
Cash and cash equivalents, end of year | 13,000 | 2,393,000 | 25,639,000 |