Advanced disposal services, inc. (ADSW)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11
Cash flows from operating activities
Net loss

-6,600

9,400

38,300

-30,400

-33,600

-17,100

-117,800

-192,600

-22,000

Less: Net loss attributable to noncontrolling interest

-

-

-

-

-

-

-

-1,400

-200

Net loss

-

-

-

-

-

-

-

-194,000

-22,200

Adjustments to reconcile net loss to net cash provided by operating activities
Depreciation and amortization

278,800

270,500

269,800

246,900

259,100

271,700

284,800

126,200

92,400

Change in fair value of derivative instruments

-5,800

2,700

1,500

18,500

11,100

-27,300

0

0

-

Amortization of interest rate cap premium

-

-

-

-

-

-

1,300

0

100

Amortization of debt issuance costs and original issue discount

5,700

6,100

6,300

17,500

19,500

20,000

12,600

5,000

2,700

Loss on debt extinguishments and modifications

0

-900

-3,700

-64,700

0

0

0

-9,400

-4,800

Accretion of original issue discount

-

-

-

-

-

-

5,000

1,100

-

Asset Retirement Obligation, Accretion Expense

18,000

17,000

15,400

13,000

13,100

13,500

15,000

8,100

8,200

Amortization of terminated derivative contracts

-

-

-

-

-

-

6,000

1,000

-

Other accretion and amortization

6,700

4,000

3,500

4,000

4,200

4,300

2,700

1,200

1,500

Provision for doubtful accounts

6,100

5,100

5,400

3,700

4,000

4,200

7,700

2,800

2,100

Loss on disposition of property and equipment

-1,700

2,500

-1,600

-3,500

-4,700

-800

-2,600

-2,100

-2,000

Gain on redemption of security

-

-

-

-

2,500

0

-

-

-

Impairment of Intangible Assets (Excluding Goodwill)

0

0

13,000

0

6,400

5,300

25,500

124,900

-

Gain (Loss) on Disposition of Business

0

0

2,800

1,700

-10,500

0

0

-

-11,900

Stock based compensation

10,000

11,200

10,200

6,300

3,100

4,500

4,600

1,300

1,100

Amortization of other long-term assets

-

-

-

-

-

300

0

0

-

Deferred tax benefit

1,400

-4,600

41,300

26,500

21,600

84,500

57,000

18,500

-2,000

Earnings in equity investee

2,400

1,200

1,600

1,800

1,300

100

300

200

-

Write off of 2012 Veolia acquisition related indemnification receivable

3,900

0

0

-

-

-

-

-

-

Changes in operating assets and liabilities, net of businesses acquired
Decrease in accounts receivable

1,800

15,200

17,700

8,800

-8,300

-1,700

5,100

37,600

9,100

Decrease (increase) in prepaid expenses and other current assets

5,200

700

5,900

-2,800

-1,100

-1,300

2,800

-100

1,900

Decrease (increase) in parts and supplies

-

-

-

-

-

-

-

-200

700

Decrease in other assets

-2,400

6,500

-2,400

-1,800

-3,900

-2,900

1,100

7,600

2,300

(Decrease) increase in accounts payable

400

19,700

4,100

-900

-2,800

3,800

5,700

10,500

-2,000

Decrease in accrued expenses

3,500

2,700

-2,600

-14,300

3,900

-6,600

-300

17,300

-4,300

Decrease in deferred revenue

1,200

-1,800

-2,200

1,000

500

1,700

-4,600

-25,800

-3,600

Decrease in other long-term liabilities

-25,300

6,600

-1,700

-4,800

-3,500

5,400

-1,400

-5,200

-

Capping, closure and post-closure obligations

-18,900

-22,500

-18,300

-19,900

-20,400

-13,800

-12,000

-6,200

-3,100

Assumption of long-term care and closure reserve

0

0

24,000

0

0

-

-

-

-

Payment for interest rate caps

-

-

-

-

-

-

-

5,000

-

Payment to extinguish interest rate swaps

-

-

-

-

-

-

-

7,500

-

Net cash provided by operating activities

280,200

308,300

306,500

235,600

244,500

243,200

180,300

55,200

86,800

Cash flows from investing activities
Purchases of property and equipment and construction and development

203,800

188,600

186,600

171,000

179,700

196,400

158,100

86,400

72,600

Proceeds from sale of property and equipment and insurance recoveries

4,800

8,100

4,500

4,700

2,600

3,000

3,400

1,500

1,800

Proceeds from redemption of securities

-

-

-

-

15,000

0

5,000

0

-

Purchase of intangibles

-

-

-

-

-

-

-

400

1,400

Issuance of notes receivable

-

-

-

-

-

-

-

-

800

Repayments of notes receivable

-

-

-

-

-

-

100

200

-

Acquisition of businesses, net of cash acquired

27,100

26,300

111,900

5,400

50,000

9,900

50,400

1,895,400

108,700

Proceeds from sale of businesses

0

0

8,700

2,500

14,700

2,100

45,200

0

48,000

Net cash used in investing activities

-226,100

-206,800

-285,300

-169,200

-197,400

-201,200

-154,800

-1,980,500

-133,700

Cash flows from financing activities
Proceeds from borrowings on debt instruments

201,000

136,000

326,200

782,800

114,000

95,000

184,000

2,395,300

175,800

Repayment on debt instruments, including finance leases

261,300

240,600

347,000

1,164,400

153,400

141,300

196,800

518,600

250,300

Payment of other long-term liabilities

-

-

-

-

-

-

-

-

-1,300

Deferred financing charges

-

-

-

-

-

-

22,900

73,000

6,400

Bank overdraft

-

-

-

-2,600

1,200

1,400

-3,300

600

-900

Proceeds from stock option exercises net of stock repurchases

-

-

-

375,600

0

0

-

157,400

124,100

Costs associated with issuance of common stock

-

-

-

1,900

0

0

-

-

-

Costs associated with debt extinguishments and modifications

0

0

1,800

50,900

200

1,300

-

-

-

Proceeds from stock option exercises net of stock repurchases

11,900

3,100

7,000

17,400

0

0

-

-

-

Return of capital to former parent

-

-

-

-21,800

-7,100

-9,000

0

-

-

Capital contributions from parent

-

-

-

-

-

-

0

-

-

Distributions of retained earnings

-

-

-

-

-

-

-

23,500

-

Other financing activities

-

-

-

-

-2,000

2,200

6,700

-1,000

-300

Net cash provided by (used in) financing activities

-48,400

-101,500

-15,600

-65,800

-47,500

-53,000

-32,300

1,937,200

40,700

Net increase in cash and cash equivalents

5,700

0

5,600

600

-400

-11,000

-6,800

11,900

-6,200