AVERY DENNISON CORPORATION AVY Cash Flow

Avery dennison corporation (AVY)

CashFlow / TTM

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	Jan'16	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
Operating Activities
Net income (loss)
584,700	303,600	238,200	243,100	195,300	467,400	310,700	269,500	294,800	281,800	403,400	384,200	343,300	320,700	315,700	308,300	292,000	274,300	287,900	267,000	245,800	245,100	214,600	200,300	226,600	213,200	222,100	233,900	229,300	215,400	188,600	180,100	189,200	190,100	282,100	296,500	307,000	316,900	0	0	0
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation
142,200	140,300	140,600	142,800	142,100	141,500	140,200	136,000	132,100	126,600	121,300	118,600	117,300	117,500	118,700	118,900	121,000	125,200	131,800	134,400	135,100	135,500	129,700	132,100	134,200	135,600	143,800	144,400	144,600	150,100	152,400	158,600	166,100	168,000	167,300	171,700	171,200	172,900	0	0	0
Amortization
39,800	38,700	37,800	38,300	38,900	39,500	39,700	41,200	46,500	52,100	58,100	62,900	63,100	62,600	62,300	62,100	62,300	63,100	64,100	64,500	65,800	66,100	67,700	68,600	68,900	69,000	68,400	68,900	68,100	70,500	73,500	75,200	79,500	78,500	77,100	77,600	74,900	74,700	0	0	0
Provision for credit losses and sales returns
75,100	58,700	53,700	49,300	47,500	45,600	43,800	40,900	39,000	37,600	48,700	52,900	54,700	54,400	43,700	42,900	42,900	46,500	49,100	60,300	52,700	45,200	60,100	41,800	43,300	41,500	16,900	19,600	18,900	19,500	20,800	18,800	18,100	16,800	13,800	10,100	12,100	16,300	0	0	0
Net losses from impairments, sales of assets, and investment settlements
-	-	-	-	-	-	-	-	-	-	-	-	-1,000	-600	5,100	4,300	11,700	12,200	17,800	17,500	10,500	10,200	3,100	7,200	-5,400	-5,800	-1,500	-3,800	7,000	11,700	8,100	7,700	7,100	9,900	15,000	12,500	12,300	5,100	0	0	0
Stock-based compensation
33,200	34,500	35,000	34,400	34,500	34,300	32,800	33,400	32,000	30,200	29,300	26,300	25,300	27,200	28,000	27,200	26,400	26,300	24,600	27,000	29,700	28,300	30,700	30,900	30,800	34,000	33,600	35,100	36,300	38,900	40,400	40,300	39,700	39,600	39,200	39,700	39,400	35,200	0	0	0
Pension plan settlements and related charges
-	-444,100	-533,200	-539,900	-540,100	-93,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred taxes and other non-cash taxes
-37,700	-216,900	-201,300	-192,200	-197,500	-32,700	136,200	150,500	147,000	151,600	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-cash expense and loss (income and gain), net
-29,400	-28,300	-30,500	-34,200	-87,700	-60,400	-141,900	-118,100	-44,700	-53,500	52,500	50,200	48,600	46,200	45,900	47,500	49,300	50,100	51,000	45,000	46,000	44,200	42,000	47,800	47,200	50,100	49,700	48,900	45,500	41,800	37,200	35,800	35,200	38,100	43,300	45,500	47,900	43,600	0	0	0
Other non-cash income and gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	0	0	0	-	-	-	-
Changes in assets and liabilities and other adjustments
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Changes in assets and liabilities and other adjustments:
Net cash provided by operating activities
715,500	746,500	737,200	487,200	477,300	457,900	443,500	679,600	647,800	645,700	606,300	541,700	602,300	582,100	557,200	519,300	462,800	473,700	436,900	515,500	467,500	354,900	424,100	282,700	277,300	319,600	395,000	519,100	437,000	513,400	516,800	558,900	550,900	422,700	323,100	248,400	397,100	486,700	0	0	0
Investing Activities
Purchases of property, plant and equipment
210,800	219,400	226,900	227,000	232,900	226,700	211,800	203,500	195,800	190,500	183,400	182,100	182,000	176,900	151,100	140,700	135,700	135,800	136,700	136,800	134,500	147,900	150,900	146,800	145,900	129,200	117,500	105,800	97,200	99,200	94,300	99,800	105,600	109,600	109,500	109,200	97,800	83,500	0	0	0
Purchases of software and other deferred charges
38,500	37,800	35,800	29,000	28,100	29,900	33,600	34,600	36,000	35,600	36,600	38,500	34,600	29,700	23,300	17,800	16,300	15,700	14,100	16,700	19,600	27,100	39,600	42,000	53,300	52,200	57,800	63,800	54,900	59,100	42,800	29,800	34,300	26,000	27,100	30,800	23,300	25,100	0	0	0
Proceeds from sales of property, plant and equipment
-	7,800	7,700	7,500	9,800	9,400	0	0	0	-	-	-	-	8,500	4,800	8,000	4,900	7,600	7,300	6,500	7,000	4,300	12,000	13,500	37,900	38,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from insurance and sales (purchases) of investments, net
-100	-4,900	-4,400	-20,600	-22,700	-18,500	-15,700	300	4,800	3,900	0	0	0	-	-	-	3,900	500	0	0	0	-	-	-100	-100	-100	10,700	10,800	9,300	6,700	-5,900	-5,200	-3,800	-300	400	300	300	-800	0	0	0
Payments for acquisition, net of cash acquired, and investments in businesses
245,900	6,500	10,100	10,100	10,200	3,800	10,000	18,600	244,800	319,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-494,600	-251,000	-260,700	-238,000	-238,700	-232,500	-227,300	-241,900	-468,500	-543,300	-530,100	-751,500	-511,900	-432,200	-398,200	-150,700	-149,500	-142,900	-141,900	-145,600	-147,300	-170,400	-181,800	306,000	320,800	339,400	329,900	-153,000	-155,500	-160,000	-100,400	-89,100	-105,000	-104,200	-132,000	-140,300	-121,400	-107,800	0	0	0
Financing Activities
Net (decrease) increase in borrowings (maturities of three months or less)
-266,700	-5,300	-310,100	-73,000	-26,500	-77,600	432,300	178,600	271,900	-89,200	-227,200	-29,200	-191,300	234,900	253,400	22,000	6,800	-98,400	-69,600	-34,300	100,300	126,500	49,300	-213,000	-480,000	-435,300	-551,400	-230,200	43,300	42,300	-8,100	-181,900	-198,200	-146,400	-5,600	84,200	-3,000	-98,400	0	0	0
Additional borrowings under revolving credit facility
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additional long-term borrowings
0	-	-	-	-	-	-	-	-	542,900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of long-term debt and finance leases
17,900	18,600	19,700	20,200	7,200	6,400	255,700	255,000	254,000	253,800	3,300	3,000	3,000	2,700	3,100	3,100	7,700	7,400	6,700	6,300	1,400	1,600	1,600	1,900	2,000	1,900	1,800	1,800	1,500	1,800	1,600	1,300	1,400	1,500	1,800	2,000	326,800	341,200	0	0	0
Dividends paid
194,200	189,700	185,700	182,400	179,300	175,000	170,300	164,600	158,700	155,500	152,100	149,100	145,900	142,500	139,700	137,000	134,300	133,100	131,300	129,900	129,100	125,100	121,300	117,200	112,700	112,000	111,000	109,800	109,100	110,400	110,000	109,400	108,200	106,500	102,200	97,600	93,000	88,700	0	0	0
Share repurchases
194,200	237,700	422,100	406,600	430,000	392,900	200,000	162,300	146,700	129,700	185,700	172,600	201,400	262,400	305,300	330,900	294,100	232,300	216,700	263,600	330,100	355,500	307,000	288,000	280,900	283,500	230,800	241,900	224,800	235,200	228,200	142,200	72,200	13,500	0	0	0	-	-	-	-
Net (tax withholding) proceeds related to stock-based compensation
-17,300	-17,400	-17,700	-20,200	-20,900	-32,200	-50,800	-51,000	-49,800	1,400	82,400	78,100	77,100	66,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of contingent consideration
-	1,600	1,600	2,100	16,400	17,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercises of stock options, net
-	-	-	-	-	-	-	-	-	-	0	0	71,400	-	89,000	84,100	104,000	104,000	90,000	77,100	37,700	34,200	27,200	30,800	30,900	44,800	44,800	37,900	32,700	10,200	5,600	5,600	5,900	3,900	4,300	3,900	3,400	2,500	0	0	0
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-800	-3,300	-7,200	-2,000	-2,000	-2,900	-5,300	-8,300	-9,100	-8,600	-6,700	-2,700	-4,100	-4,300	-4,300	-7,500	-5,200	-3,400	-10,700	-6,800	0	0	0
Net cash provided by (used in) financing activities
304,100	-470,300	-463,600	-211,200	-187,000	-208,100	-222,600	-432,300	-300,400	-83,900	-36,800	203,700	41,400	-106,200	-109,000	-369,400	-326,200	-367,300	-335,100	-360,300	-329,800	-323,500	-355,400	-592,200	-600,000	-546,200	-609,300	-304,400	-266,100	-297,600	-346,400	-433,500	-378,400	-271,500	-232,700	-137,100	-302,500	-391,500	0	0	0
Effect of foreign currency translation on cash balances
-8,700	-3,500	-6,300	-6,500	-13,400	-9,700	-8,300	1,000	13,700	10,800	3,500	-600	-6,500	-7,400	-4,400	-8,800	-6,500	-11,900	-11,200	-5,300	-6,000	-4,900	-1,400	-2,900	-1,200	2,900	3,300	4,700	1,600	1,600	1,000	-300	2,800	3,500	3,500	5,500	3,600	2,000	0	0	0
Increase (decrease) in cash and cash equivalents
516,300	21,700	6,600	31,500	38,200	7,600	-14,700	6,400	-107,400	29,300	42,900	-6,700	125,300	36,300	45,600	-9,600	-19,400	-48,400	-51,300	4,300	-15,600	-143,900	-114,500	9,800	-3,100	115,700	118,900	50,200	17,000	57,400	71,000	36,000	70,300	50,500	-38,100	-23,500	-23,200	-10,600	0	0	0