ACUITY BRANDS, INC. AYI Cash Flow

Acuity brands, inc. (AYI)

CashFlow / Quarterly

Feb'20	Nov'19	Aug'19	May'19	Feb'19	Nov'18	Aug'18	May'18	Feb'18	Nov'17	Aug'17	May'17	Feb'17	Nov'16	Aug'16	May'16	Feb'16	Nov'15	Aug'15	May'15	Feb'15	Nov'14	Aug'14	May'14	Feb'14	Nov'13	Aug'13	May'13	Feb'13	Nov'12	Aug'12	May'12	Feb'12	Nov'11	Aug'11	May'11	Feb'11	Nov'10	Aug'10	May'10	Feb'10	Nov'09
Cash flows from operating activities:
Net income
57,200	57,000	96,100	88,400	66,300	79,600	108,200	73,000	96,900	71,500	90,500	82,200	67,300	81,700	82,900	74,000	65,500	68,400	60,100	64,500	46,400	51,100	54,800	43,800	32,700	44,500	44,900	31,700	24,700	26,100	33,200	33,600	19,600	29,900	34,200	27,000	19,900	24,400	27,200	21,300	7,800	23,300
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization
25,600	24,200	22,600	22,400	22,000	21,300	21,800	20,200	19,300	19,000	18,100	20,000	19,300	17,200	13,600	18,300	16,400	14,300	11,600	11,700	11,200	11,300	11,200	10,800	10,800	10,600	10,600	10,300	9,900	10,000	10,100	10,200	9,400	10,100	10,400	10,500	9,600	9,600	8,800	8,900	9,400	9,400
Share-based payment expense
8,000	16,700	6,300	7,600	7,500	7,800	7,900	7,600	8,300	8,500	7,900	8,100	8,100	7,900	7,800	6,900	6,600	6,400	5,400	4,400	4,300	4,100	4,500	4,500	4,200	4,500	3,700	4,200	4,300	4,300	4,000	3,800	3,900	4,200	9,000	2,200	4,100	-1,100	-	-	-	-
Excess tax benefits from share-based payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,400	400	13,900	5,000	400	3,000	9,200	-100	600	4,700	5,200	2,000	800	400	5,400	600	200	3,000	1,100	200	1,600	600	2,900	1,300	1,200	200	100
Loss on sale or disposal of property, plant, and equipment
0	-100	-300	-200	0	-400	-500	0	0	-100	0	-200	0	-100	-200	0	0	1,100	700	-1,400	0	0	-	-	-	-	-	-	-	-	-300	-100	0	-100	-300	0	-100	0	-400	0	0	-100
Deferred income taxes
-500	400	9,100	-200	500	-100	-6,200	0	-31,900	-100	-4,900	-100	-2,700	0	-	-	-	-	2,400	200	-200	400	-900	-400	300	800	4,500	300	600	1,100	7,000	-1,300	2,700	-2,200	11,700	-500	100	-1,000	9,400	-300	-1,600	-100
Gain on Sale of Investments
-	-	-	-	-	-	-	-	-	-	0	0	0	7,200	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-cash items
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-200
Change in assets and liabilities, net of effect of acquisitions, divestitures, and exchange rate changes:
Accounts receivable
-600	-66,300	-25,600	67,500	-37,600	-102,000	69,300	66,700	-15,600	-57,600	47,700	19,300	-22,100	-47,600	78,700	34,200	-5,900	-12,400	20,600	37,400	-12,600	700	21,400	43,100	-23,100	14,000	19,200	16,500	12,500	6,600	-7,500	13,900	-5,800	1,700	7,300	11,700	-10,400	-11,500	19,000	12,500	6,300	-8,600
Inventories
-3,400	-4,900	-50,300	-21,800	-7,900	9,200	8,000	73,200	-17,900	11,100	-14,700	-12,400	19,200	40,300	9,800	10,700	-10,100	13,600	-31,600	19,300	24,500	2,900	-1,400	-14,800	20,200	5,000	1,800	5,900	-700	-500	24,900	10,300	-3,700	-2,900	-12,300	3,200	-3,400	17,800	5,500	-4,200	3,100	4,200
Prepayments and other current assets
700	3,300	10,400	1,800	7,000	14,800	-100	-9,800	-100	9,300	-9,500	-5,400	-1,800	10,700	1,500	-2,400	-2,200	13,600	1,300	-10,900	100	8,800	6,500	-9,500	4,900	4,700	-2,000	-5,700	500	5,300	100	-6,100	2,700	5,500	-100	-6,300	300	5,400	-4,500	-9,600	7,200	5,100
Accounts payable
10,400	-22,700	-40,000	31,100	-41,100	-61,500	-10,400	116,900	-21,500	-32,500	33,100	-5,500	-25,000	-7,200	46,400	35,100	-27,000	10,800	6,100	21,300	4,500	-8,800	31,000	12,100	-100	-5,400	9,900	24,500	9,200	-28,400	29,400	14,100	-9,700	-4,200	15,600	12,500	-10,800	-11,800	30,600	7,400	-5,600	1,100
Other current liabilities
-17,800	-28,300	9,700	17,300	-37,300	-1,600	21,700	37,200	-65,300	25,500	17,900	2,200	-37,900	-45,700	48,200	41,600	-13,400	-15,800	31,100	39,300	-17,800	6,700	34,200	29,900	-24,100	19,800	15,100	20,100	-17,600	-9,900	3,700	26,500	-13,300	-7,200	3,400	13,800	-8,000	-8,700	8,400	14,400	-3,400	2,400
Other
1,100	-14,300	-13,100	-4,400	-100	-7,900	9,100	2,700	1,600	-10,600	500	-2,400	-400	-12,400	-18,300	3,900	-2,800	3,200	3,100	3,400	4,600	-3,500	4,400	10,000	3,100	2,500	3,100	3,400	4,200	900	400	3,600	6,600	-2,400	10,300	3,500	3,500	-8,500	4,100	4,900	800	-5,800
Net cash provided by operating activities
85,100	129,600	182,700	123,700	56,500	131,800	51,800	122,100	37,800	139,800	138,600	108,000	34,200	55,800	144,000	124,400	68,400	51,100	130,700	82,700	28,800	46,700	104,300	71,400	14,000	43,400	64,500	68,100	14,200	-14,500	69,400	65,200	9,900	27,700	79,500	52,900	23,400	5,300	63,500	49,600	6,400	41,000
Cash flows from investing activities:
Purchases of property, plant, and equipment
13,300	11,600	13,200	14,900	10,900	14,000	11,400	11,300	10,600	10,300	12,100	19,400	16,300	19,500	21,900	18,000	20,700	23,100	14,200	15,300	8,500	18,500	10,500	8,300	8,000	8,500	9,200	9,500	10,700	11,200	12,600	9,400	5,200	4,200	5,900	5,600	5,100	6,700	6,000	6,400	5,200	4,300
Proceeds from sale of property, plant, and equipment
-	-	-	-	-	-	-	-	-	-	0	100	0	5,400	-100	100	100	2,100	300	1,000	0	0	100	0	0	900	200	7,300	100	0	100	0	0	0	-	-	-	100	-	-	-	-
Acquisition of businesses, net of cash acquired
900	302,000	2,900	0	0	0	-	-	-	-	-	-	-	-	9,500	0	374,500	239,200	0	14,600	0	0	-	-	-	-	-	-	-	-	0	0	0	3,800	0	9,900	44,300	36,200	-	-	-	-
Proceeds from sale of investment in unconsolidated affiliate
-	-	-	-	-	-	-	-	-	-	0	0	200	13,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities
400	1,500	0	0	-200	-2,700	-700	-300	-700	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used for investing activities
-14,400	-315,100	-16,100	-14,900	-10,700	-11,300	-9,300	-148,100	-36,300	-10,300	-12,100	-19,300	-16,300	-1,100	-31,500	-17,900	-395,100	-260,200	-26,800	-18,600	-8,500	-18,500	-10,400	-8,300	-8,000	-7,600	-9,000	-24,400	-13,900	-11,200	-12,500	-9,400	-5,200	-8,000	-6,000	-14,200	-49,500	-42,800	-28,600	-6,200	-5,200	-4,300
Cash flows from financing activities:
Borrowings on credit facility
400,000	0	0	0	31,100	55,400	158,100	237,300	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of borrowings on credit facility
0	0	0	0	31,100	55,400	159,300	236,100	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of long-term debt
350,100	400	100	100	100	100	100	100	100	100	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	235,500	2,400
(Repayments) issuances of long-term debt
-	-	-	-	-	-	-	-	-	-	-100	200	0	900	800	600	1,100	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchases of common stock
0	0	32,900	0	23,700	25,000	0	104,100	194,300	0	0	357,500	0	400	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	9,200	58,100	0	0	2,900	-	-	-	-
Proceeds from stock option exercises and other
300	200	100	200	200	100	100	200	600	800	300	400	200	2,100	4,200	3,800	200	6,000	4,100	100	2,500	4,900	100	400	5,300	2,600	4,900	900	900	8,200	1,100	100	5,600	800	700	500	2,000	3,300	1,600	2,000	2,100	800
Payments of taxes withheld on net settlement of equity awards
600	4,100	1,100	600	400	3,900	1,000	500	700	6,000	2,000	1,000	900	11,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from share-based payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,400	400	13,900	5,000	400	3,000	9,200	-100	600	4,700	5,200	2,000	800	400	5,400	600	200	3,000	1,100	200	1,600	600	2,900	1,300	1,200	200	100
Dividends paid
5,200	5,200	5,200	5,100	5,300	5,200	5,200	5,300	5,400	5,500	5,500	5,700	5,700	5,800	5,800	5,700	5,700	5,700	5,700	5,700	5,700	5,600	5,600	5,700	5,600	5,600	5,600	5,700	5,600	5,500	5,500	5,500	5,500	5,500	5,700	5,700	5,600	5,600	5,600	5,700	5,700	5,600
Other financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-7,200	0	-3,200	-2,600	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used for) financing activities
44,400	-9,500	-39,200	-5,600	-29,300	-34,100	-7,400	-108,600	-199,900	-10,800	-7,300	-363,600	-6,400	-14,500	-37,100	4,100	-4,000	14,200	3,400	-12,400	-200	5,300	-8,200	-4,700	4,400	2,200	1,300	-4,000	-4,300	8,100	-3,800	-5,200	3,100	-12,800	-62,900	-3,600	-3,000	-2,300	-38,800	-2,500	107,600	-7,100
Effect of exchange rate changes on cash and cash equivalents
-1,100	600	-100	-1,500	700	-700	-300	-900	-400	-1,200	2,200	1,400	500	-2,200	800	2,100	-5,200	-1,700	-2,600	-700	-2,000	-3,000	-500	700	-300	1,000	400	-600	-700	600	3,100	-2,900	100	-4,400	-1,200	200	2,400	1,000	-	-	-	-
Net change in cash and cash equivalents
114,000	-194,400	127,300	101,700	17,200	85,700	34,800	-135,500	-198,800	117,500	121,400	-273,500	12,000	38,000	76,200	112,700	-335,900	-196,600	104,700	51,000	18,100	30,500	85,200	59,100	10,100	39,000	57,200	39,100	-4,700	-17,000	56,200	47,700	7,900	2,500	9,400	35,300	-26,700	-38,800	-3,500	38,700	107,500	29,600
Supplemental cash flow information:
Income taxes paid during the period
25,300	4,600	3,900	25,800	57,100	6,100	25,100	21,200	77,600	2,700	46,200	29,600	68,800	29,000	32,000	27,700	49,600	11,400	27,000	21,300	40,900	17,100	22,400	8,400	33,200	13,400	13,600	8,300	17,300	7,600	12,500	6,200	24,500	7,500	12,600	5,000	13,600	3,000	7,700	1,700	19,300	4,000
Interest paid during the period
10,900	12,900	10,800	300	11,000	13,500	13,000	300	10,700	12,700	10,700	100	10,700	12,100	10,600	100	10,700	11,400	10,600	100	10,800	10,700	11,100	200	10,700	10,500	10,700	200	10,700	9,700	10,500	200	11,700	9,200	10,900	0	16,800	2,200	12,900	2,100	4,800	11,000