Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statement of Cash Flows - Thermon Holding Corp

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Condensed Consolidated Statement of Cash Flows - Thermon Holding Corp (USD $)
In Thousands
 1 Months Ended 2 Months Ended 3 Months Ended
Apr. 30, 2010
Jun. 30, 2010
Jun. 30, 2011
Operating activities      
Net loss $ (267) $ (12,173) $ (4,966)
Adjustment to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 392 10,517 3,946
Amortization of debt costs 2,586 2,346 2,315
Stock compensation expense     6,341
Provision (benefit) for deferred income taxes (15,122) (3,029) 753
Changes in operating assets and liabilities:      
Accounts receivable 1,365 (5,167) (5,470)
Inventories (1,719) 849 (2,927)
Costs and estimated earnings and billings on construction contracts 34 (375) (366)
Other current and noncurrent assets (3,151) (2,061) 2,329
Accounts payable 825 3,280 1,948
Accrued liabilities and noncurrent liabilities 9,515 3,464 (10,605)
Income taxes payable (860) (1,054) (13,676)
Net cash used in operating activities (6,402) (3,403) (20,378)
Investing activities      
Purchases of property, plant and equipment (97) (777) (2,379)
Cash paid for Thermon Holding Corp. (net of cash acquired of $2,852)   (311,448) (372)
Other investing activities (1,397) (1,081)  
Net cash used in investing activities (1,494) (313,306) (2,751)
Financing activities      
Proceeds from senior secured notes   210,000  
Payments on senior secured notes     (42,000)
Proceeds from revolving line of credit   4,204  
Payments on revolving lines of credit and long-term debt (19,385) (1,453) (2,063)
Capital contributions   129,252 48,669
Premiums paid on redemption of senior secured notes     (1,260)
Debt issuance costs   (15,473)  
Net cash provided by (used in) financing activities (19,385) 326,530 3,346
Effect of exchange rate changes on cash and cash equivalents (14) (913) 121
Change in cash and cash equivalents (27,295) 8,908 (19,662)
Cash and cash equivalents at beginning of period 30,147 2,852 51,266
Cash and cash equivalents at end of period 2,852 8,908 31,604
Thermon Holding Corp
      
Operating activities      
Net loss (267) (12,173) (4,966)
Adjustment to reconcile net loss to net cash used in operating activities:      
Depreciation and amortization 392 10,517 3,946
Amortization of debt costs 2,586 2,346 2,315
Stock compensation expense     6,341
Provision (benefit) for deferred income taxes (15,122) (3,029) 753
Changes in operating assets and liabilities:      
Accounts receivable 1,365 (5,167) (5,470)
Inventories (1,719) 849 (2,927)
Costs and estimated earnings and billings on construction contracts 34 (375) (366)
Other current and noncurrent assets (3,151) (2,061) 2,329
Accounts payable 825 3,280 1,948
Accrued liabilities and noncurrent liabilities 9,515 3,464 (10,605)
Income taxes payable (860) (1,054) (13,676)
Net cash used in operating activities (6,402) (3,403) (20,378)
Investing activities      
Purchases of property, plant and equipment (97) (777) (2,379)
Cash paid for Thermon Holding Corp. (net of cash acquired of $2,852)   (311,448) (372)
Other investing activities (1,397) (1,081)  
Net cash used in investing activities (1,494) (313,306) (2,751)
Financing activities      
Proceeds from senior secured notes   210,000  
Payments on senior secured notes     (42,000)
Proceeds from revolving line of credit   4,204  
Payments on revolving lines of credit and long-term debt (19,385) (1,453) (2,063)
Capital contributions   129,252  
IPO Proceeds received from Thermon Group Holdings, Inc,     48,919
Premiums paid on redemption of senior secured notes     (1,260)
Debt issuance costs   (15,473)  
Net cash provided by (used in) financing activities (19,385) 326,530 3,596
Effect of exchange rate changes on cash and cash equivalents (14) (913) 121
Change in cash and cash equivalents (27,295) 8,908 (19,412)
Cash and cash equivalents at beginning of period 30,147 2,852 51,016
Cash and cash equivalents at end of period $ 2,852 $ 8,908 $ 31,604