AVON PRODUCTS, INC. AVP Cash Flow

Avon products, inc. (AVP)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Cash Flows from Operating Activities
Net loss
-171,900	-55,300	106,600	-19,100	-33,500	-77,500	113,800	-37,000	-21,100	90,400	11,900	-45,800	-36,500	-10,800	35,600	33,200	-165,400	-331,900	-697,000	29,700	-146,400	-329,600	92,000	19,900	-167,200	-67,700	-5,800	34,200	-12,600	-161,100	32,600	62,700	27,600	300	165,200	208,700	143,600	229,300	167,500	169,200	43,300	268,500	157,600	84,600	117,500
Loss from discontinued operations, net of tax
-4,700	-7,600	-6,300	-13,200	-9,500	0	0	0	0	-	-	-	-	-1,100	-700	-2,600	-9,600	-317,100	-29,000	800	-3,800	-	-	-	-	-68,500	600	-50,400	-1,100	-	-	-	-	-149,200	0	0	-8,600	9,000	300	4,200	600	-	-	-	-
Loss from continuing operations, net of tax
-167,200	-47,700	112,900	-5,900	-24,000	-77,500	113,800	-37,000	-21,100	-	-	-	-	-9,700	36,300	35,800	-155,800	-14,800	-668,000	28,900	-142,600	-	-	-	-	800	-6,400	84,600	-11,500	-	-	-	-	149,500	165,200	208,700	152,200	220,300	167,200	165,000	42,700	-	-	-	-
Adjustments to reconcile net loss from continuing operations to net cash used by operating activities:
Depreciation
16,300	13,500	18,100	15,900	20,600	20,000	19,500	20,800	20,800	20,900	21,700	21,200	20,500	20,800	20,800	21,200	20,500	22,000	22,300	22,800	26,900	15,600	34,300	36,400	35,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization
6,000	6,100	5,900	6,200	6,600	6,300	6,500	6,700	7,100	7,500	7,200	7,900	7,100	8,200	7,700	7,600	7,100	7,100	7,600	8,600	8,800	9,000	12,800	14,300	11,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	55,100	64,000	55,800	-	49,300	48,600	60,500	-	58,200	60,100	55,400	-	48,000	45,400	43,100	-	49,200	39,400	42,800
Provision for doubtful accounts
29,700	28,500	28,200	28,800	29,900	35,500	40,700	43,100	43,100	53,400	55,500	52,200	60,800	75,900	40,800	36,800	37,000	38,200	37,800	32,700	35,400	24,200	41,200	54,900	50,800	33,600	62,200	61,500	51,900	59,800	56,600	60,500	74,000	60,000	61,700	63,600	61,700	55,000	56,400	51,700	52,600	61,600	67,000	44,700	47,900
Provision for obsolescence
18,600	14,900	6,000	9,500	6,700	91,000	9,200	3,600	9,700	9,000	11,200	6,300	10,200	9,900	8,100	5,900	12,600	10,200	12,500	10,200	12,500	10,800	23,800	17,400	26,400	-2,600	30,900	26,600	27,100	35,000	24,100	31,400	28,300	49,100	24,500	30,400	24,100	54,900	27,800	29,300	19,100	47,800	27,500	19,900	24,800
Share-based compensation
16,900	6,700	3,700	5,700	-500	4,300	2,000	3,700	3,800	2,200	5,800	6,500	9,700	900	7,100	9,800	6,200	22,300	17,000	12,000	-100	10,500	3,500	13,400	11,500	7,400	9,700	14,400	11,800	6,400	11,500	12,500	10,700	2,800	9,800	12,000	12,000	11,400	14,200	12,000	20,000	11,800	11,200	14,600	17,300
Foreign exchange losses (gains)
-27,600	7,400	-600	-11,900	19,200	-10,900	9,500	-8,900	-4,600	-6,100	-3,500	-9,400	900	-6,400	300	1,700	-1,700	-16,800	-21,400	-300	-5,800	-20,300	-10,800	-2,000	-8,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
8,000	15,800	14,400	-900	8,200	-20,500	-28,300	-2,000	1,800	-45,600	3,400	-300	12,300	7,800	-1,300	-1,500	-13,500	-22,500	637,900	500	28,700	324,300	-37,800	-39,700	-10,400	-38,300	-21,800	-24,700	-2,700	129,800	-29,900	-45,800	-26,200	-9,800	-43,300	-31,400	-19,700	-48,500	-35,800	-38,700	19,900	-130,000	-36,200	-1,400	1,300
Impairment of goodwill
700	2,300	2,100	13,300	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Charge for Venezuelan monetary assets and liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-4,200	0	0	0	53,700	68,200	0	0	-34,100	0	0	0	0	-	-	-	-	0	0	0	-46,100	-	-	-	-
Charge for Venezuelan non-monetary assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	101,700	0	0	0	115,700	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deconsolidation, Gain (Loss), Amount
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-120,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of business / assets
0	-200	26,800	13,200	10,300	-	0	0	-	-	-	-	-	-	-	-	-	0	44,900	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Certain Brazil indirect taxes
-	-	118,300	-	-	-	194,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-10,300	4,700	-11,500	-3,500	-1,700	-4,300	-11,000	0	-3,200	-2,600	-20,900	-10,100	-6,000	6,300	-1,300	500	-2,200	-1,400	-6,500	-3,300	-400	45,000	-11,600	-36,400	-7,800	45,700	-13,300	-8,600	-21,500	-13,200	-23,600	-7,500	-13,400	-13,600	3,300	-29,700	-11,000	6,100	-9,700	-41,800	18,800	-102,100	17,000	9,200	18,300
Changes in assets and liabilities:
Accounts receivable
18,300	-900	15,200	16,600	24,300	9,400	43,400	45,600	4,400	44,500	78,100	49,700	42,300	49,500	76,700	69,000	21,400	67,300	37,300	51,800	28,300	59,000	29,000	49,300	41,700	59,200	61,500	40,600	62,700	54,600	91,900	50,400	44,000	62,300	75,800	79,600	23,400	97,300	73,400	55,500	54,100	102,500	91,700	33,000	32,300
Inventories
32,800	-45,900	7,900	-13,200	-4,800	-32,200	32,100	41,300	58,400	-52,400	35,500	12,600	23,500	-80,900	39,900	-10,900	80,500	-46,900	83,000	7,700	62,800	-59,200	103,300	28,600	97,800	-145,600	73,900	41,400	118,400	-146,200	57,600	90,300	80,100	-134,200	133,500	62,600	142,000	-128,900	209,900	48,100	60,700	-80,000	105,400	-4,200	106,600
Prepaid expenses and other
-1,000	8,400	-18,900	23,200	-38,400	11,100	39,900	-1,600	-100	3,200	-3,800	-4,200	-10,000	-33,600	19,100	-16,500	14,200	-7,500	-52,600	45,000	6,400	20,700	60,000	-26,900	23,200	-13,400	8,900	-68,600	1,000	9,000	-22,500	-8,400	-37,200	-20,100	-17,300	-9,600	22,600	-35,600	15,200	11,900	13,400	-2,400	43,400	40,000	9,400
Accounts payable and accrued liabilities
-174,000	87,400	-21,500	-47,100	-164,200	103,800	45,900	29,700	-106,300	63,400	2,100	54,100	-107,300	24,100	23,800	-3,700	-61,800	114,900	8,300	81,100	-123,900	42,600	85,400	43,700	-29,100	237,700	4,100	25,500	-91,300	11,000	70,600	61,700	-60,700	-4,200	51,500	-51,900	-55,300	-69,300	114,700	81,200	-49,900	115,200	95,100	45,700	-111,000
Income and other taxes
-24,200	23,300	-1,700	19,200	-12,000	-10,900	74,400	600	-900	19,400	-10,300	-6,700	1,700	10,600	8,900	-32,200	8,000	31,900	44,300	-14,200	-11,300	33,700	47,900	-2,600	-21,500	43,900	-8,200	-14,900	-13,700	13,800	33,700	-24,200	-46,600	-21,600	28,500	-38,700	-19,800	33,500	-19,600	-9,300	-67,800	98,300	7,000	-38,700	-50,500
Noncurrent assets and liabilities
12,700	-22,300	600	13,200	5,100	17,900	-63,300	3,200	-600	-2,200	-700	-34,600	8,000	-18,700	-8,400	-25,200	59,900	40,200	18,000	11,100	18,100	-26,800	300	39,600	42,900	1,400	10,100	45,400	18,000	10,900	21,600	15,900	27,100	10,500	14,800	17,100	65,200	-10,200	4,800	2,800	6,700	-8,000	-16,800	13,100	20,800
Net cash used by operating activities of continuing operations
-294,100	199,600	30,300	7,100	-142,700	161,000	38,400	-10,400	-96,300	236,200	23,800	91,400	-80,200	232,300	25,900	61,100	-191,300	181,300	17,000	70,600	-177,500	163,100	132,900	105,500	-112,600	374,200	26,600	186,800	-117,100	336,200	171,100	69,700	-33,000	380,900	146,000	132,800	-31,600	377,500	79,300	222,500	9,700	507,600	171,700	136,100	-60,700
Cash Flows from Investing Activities
Capital expenditures
7,300	15,700	10,300	11,300	21,200	23,900	23,000	20,200	27,800	30,600	23,700	19,100	23,900	24,800	25,500	19,000	23,700	34,000	18,000	19,100	21,300	38,100	29,600	29,000	29,600	71,500	42,400	32,300	43,500	93,800	47,200	41,800	45,700	79,000	52,900	89,200	55,300	114,500	77,300	82,700	56,700	124,500	63,700	57,000	51,100
Disposal of assets
2,400	6,000	1,000	400	400	2,500	900	600	800	2,600	600	1,100	1,600	10,000	1,400	600	1,300	2,500	1,400	1,900	2,400	8,700	1,600	2,800	2,600	-2,500	2,700	3,500	9,300	2,200	3,700	5,000	4,500	5,400	4,800	3,900	3,000	200	900	7,000	3,800	1,000	4,500	4,100	1,600
Net proceeds from sale of business / assets
0	0	23,400	30,100	46,400	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,300	13,100	7,300	4,600	3,900	9,500	7,600	5,800	4,600	9,500	10,000	4,200	-400	1,100	700	100	200	1,800	26,700	100	300	1,300	0	300	200	0	600	100
Acquisitions and other investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9,400	650,900	-1,800	146,100	-	-	-	-
Net proceeds from sale of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	44,700	8,400	0	600	18,500	7,600	4,600	6,200	8,000	6,200	-2,300	2,500	-800	2,000	0	0	100	27,400	3,200	3,000	1,700	200	2,500	6,900	100	100	16,000	45,700
Reduction of cash due to Venezuela deconsolidation
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities
-	-	-1,000	0	-	-	0	3,300	-	-	-	-	-	100	0	0	-1,600	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided (used) by investing activities of continuing operations
-4,900	-9,700	15,100	19,200	25,600	-21,400	-22,100	-22,900	-27,000	-28,100	-1,100	-18,100	-22,300	-14,900	-24,100	-18,400	-25,300	2,900	187,000	-24,500	-22,900	-14,800	-29,900	-29,200	-26,600	-70,600	-43,000	-41,100	-35,900	-92,000	-42,600	-37,500	-41,300	-73,700	-22,500	-121,800	-49,400	-103,500	-728,400	-71,400	-192,400	-123,500	-59,200	-31,700	-3,900
Cash Flows from Financing Activities
Payments of Dividends
8,600	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	28,100	27,100	27,400	26,200	28,300	27,300	25,900	28,700	27,000	25,900	27,700	26,200	28,700	101,400	99,200	100,000	101,200	98,900	104,600	98,700	96,600	98,000	94,200	95,300	91,600	89,500	94,100	89,500
Debt, net (maturities of three months or less)
1,800	-2,300	-7,400	-26,700	27,200	-3,900	3,600	-14,000	3,600	11,000	3,700	-6,300	1,900	-5,000	-19,800	-15,300	3,700	-54,500	-4,300	7,100	-7,400	-16,000	6,300	-14,500	1,800	-59,300	17,400	-87,100	118,700	-86,000	-281,400	-393,300	50,200	69,600	-27,200	73,000	520,300	-532,900	565,700	-169,600	133,200	-8,500	2,500	-432,200	-69,400
Settlement of stock options
25,800	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from debt
-	-	400,000	-	-	-	0	-	-	-	-	-	-	0	499,900	200	8,600	0	0	7,600	0	-	-	-	-	7,200	2,300	-6,500	1,485,300	22,100	75,300	572,000	66,400	26,100	50,000	-14,700	27,500	656,000	-14,300	13,700	6,100	8,900	64,200	1,700	883,000
Repayment of debt
-	-	275,500	300	-	-	300	238,100	-	600	300	1,000	1,000	421,100	305,700	5,200	1,000	2,500	254,300	3,600	800	-3,500	3,300	56,100	10,600	7,300	131,700	622,900	1,173,300	48,300	18,800	30,100	41,100	34,000	44,700	-18,700	554,600	34,800	-2,100	10,500	10,000	295,300	23,600	-2,800	134,400
Excess tax benefit realized from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-800	-400	-2,200	-1,900	-200	1,200	700	1,500	200	1,900	700	1,400	-500	-1,500	-100
Repurchase of common stock
-	-	-100	1,100	-	100	-100	500	2,700	600	200	200	6,200	300	1,600	200	3,500	100	500	600	1,900	400	800	2,100	6,500	1,000	800	800	6,800	300	400	700	7,400	900	-200	1,200	5,800	2,800	400	500	10,400	1,000	1,400	4,700	1,500
Interest rate swap termination
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	88,100	0	0	0	43,600	0	0	0	0	-	-	-	-	-	-	-	-
Net proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	200	-1,600	600	7,500	9,400	-1,700	300	3,400	4,200	900	600	8,000	7,300	5,200	3,300	8,000	7,400	9,300	3,100	500	200
Costs associated with debt issue / repayment
-	-	16,400	-	-	-	0	-	-	-	-	-	-	0	0	-1,800	428,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from monetization of COFINS tax credits
-	-	19,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other financing activities
-600	8,400	700	0	-9,200	2,900	-6,200	-100	-500	-	-	-	-	-	-	-	-	0	-100	-5,800	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided (used) by financing activities of continuing operations
-33,200	-109,700	120,900	-28,100	18,000	-51,800	-2,800	-252,700	400	9,800	3,200	-7,700	-5,300	-432,200	156,600	-23,300	435,900	-85,200	-286,300	-22,700	-36,300	-41,200	-25,100	-98,600	-43,800	-89,000	-138,100	-737,500	495,200	-139,500	-327,200	51,700	13,700	-41,400	-120,200	-19,600	-103,300	-4,400	458,600	-251,200	31,700	-376,800	-45,200	-527,500	588,300
Cash Flows from Discontinued Operations
Net cash used by operating activities of discontinued operations
-6,700	-5,800	-10,200	-4,600	0	-	0	0	-	-1,100	-1,100	-2,900	-3,500	0	-1,700	-21,000	-44,900	27,500	-3,800	17,600	-20,600	-	-	-	-	69,100	-3,500	1,300	-1,800	-	-	-	-	-	-	-	-	2,100	7,400	1,600	1,900	-	-	-	-
Net cash used by investing activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	0	2,100	0	-96,700	-800	-1,700	-600	-1,100	-	-	-	-	-	-	-	-	-	-	-	-	-300	0	-3,500	2,300	61,600	-200	0	-100	-	-	-	-
Net cash used by financing activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,400	-2,500	-9,100	-1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-100	0	-100	-100	-	-	-	-
Net cash used by discontinued operations
-6,700	-5,800	-10,200	-4,600	0	-	0	0	-	-1,100	-1,100	-2,900	-3,500	0	400	-21,000	-141,600	24,300	-8,000	7,900	-22,700	-	-	-	-	87,800	81,500	1,100	-1,800	-	-	-	-	27,400	0	-3,500	2,300	63,600	7,200	1,500	1,700	-	-	-	-
Effect of exchange rate changes on cash and cash equivalents, and restricted cash
-20,800	14,900	-12,900	4,000	-6,300	-4,000	-4,800	-42,600	13,900	900	5,200	11,100	16,900	-32,500	1,400	-10,400	-8,900	-26,000	-25,300	2,800	-32,200	-28,800	-29,400	4,700	-129,800	-2,800	3,000	-19,400	-61,600	7,200	12,500	-27,000	30,700	-36,300	-26,100	7,800	17,400	5,200	40,700	-40,200	-39,400	-15,200	5,100	41,700	-26,000
Net decrease in cash and cash equivalents, and restricted cash
-359,700	89,300	143,200	-2,400	-105,400	83,800	8,700	-328,600	-109,000	217,700	30,000	73,800	-94,400	-247,300	160,200	-12,000	68,800	97,300	-115,600	34,100	-291,600	134,500	48,500	-17,600	-312,800	299,600	-70,000	-610,100	278,800	112,100	-178,900	61,200	-29,900	256,900	-22,800	-4,300	-164,600	338,400	-142,600	-138,800	-188,700	18,200	72,400	-381,400	497,700