Belden inc. (BDC)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Apr'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Cash flows from operating activities:
Net income (loss)

-11,219

-147,229

-297,015

42,290

25,178

43,491

85,858

28,792

2,570

30,436

945

35,891

25,581

33,283

36,072

41,933

16,358

49,656

14,569

21,591

-19,636

15,993

33,847

15

24,594

22,508

29,068

29,492

22,245

166,603

-38,778

42,390

24,275

26,527

31,203

34,725

21,890

56,435

20,605

19,672

11,747

Adjustments to reconcile net income (loss) to net cash used for operating activities:
Depreciation and amortization

26,798

30,931

35,589

35,738

37,001

36,736

37,824

37,553

36,519

37,112

38,845

38,641

35,052

34,736

35,412

38,250

37,195

37,201

37,487

37,609

38,045

27,780

25,949

27,195

21,238

22,588

24,076

25,241

22,546

18,814

16,882

11,502

12,157

12,498

12,565

12,251

12,860

13,754

12,849

14,062

14,614

Asset impairment of discontinued operations

23,197

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation

3,708

5,636

4,521

5,378

2,216

3,840

6,789

4,742

3,126

1,216

4,507

4,994

3,930

4,235

5,356

4,487

4,100

3,931

3,923

4,885

5,006

4,622

4,712

4,958

4,566

3,728

3,760

3,947

3,419

3,001

3,034

3,362

2,977

2,861

2,664

2,791

2,925

2,638

2,951

3,263

3,325

Provision for inventory obsolescence

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,578

489

474

1,744

285

565

2,491

-125

125

282

878

286

1,172

833

919

Pension funding less than pension expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,153

925

798

1,323

153

-127

-756

-1,030

-962

-207

-1,613

-1,464

3,053

-3,304

6,004

Loss on debt extinguishment

-

-

-

-

-

0

0

-3,030

-19,960

0

-51,594

-847

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-562

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from equity method investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,030

1,256

954

3,637

758

2,256

2,271

2,450

2,553

1,960

2,741

3,973

1,479

3,855

3,862

3,035

3,053

3,211

2,641

Tax benefit related to share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-224

1,598

3,690

-

45

1,630

3,264

153

5,219

1,135

4,227

172

38

8,028

-4,119

-12

6

128

1,668

129

-29

68

-278

Changes in operating assets and liabilities, net of the effects of currency exchange rate changes and acquired businesses:
Receivables

-43,627

-16,924

14,327

41,059

-61,388

-3,590

12,968

31,291

-18,921

-8,019

14,968

27,398

-9,416

272

13,593

41,348

-45,098

-12,598

282

16,591

-10,341

-28,773

10,821

27,272

6,490

-22,082

-3,156

33,585

9,785

-14,483

-18,698

39,457

-11,904

-46,864

-8,439

38,192

12,431

-12,416

-9,508

41,127

20,255

Inventories

29,054

-12,216

-14,910

-26,836

9,485

-1,863

2,156

-2,251

16,737

33,856

8,180

14,807

27,245

2,949

-5,994

-16,257

16,625

-11,225

-19,816

-6,374

18,211

6,448

3,417

-20,810

13,205

-5,700

5,140

-9,035

2,723

-20,005

1,717

-13,422

4

5,920

-1,663

-6,006

24,622

-6,867

9,572

-1,194

12,520

Accounts payable

-50,827

36,819

13,196

5,908

-97,450

51,895

3,393

5,973

-90,662

70,462

15,542

11,348

3,400

43,187

16,841

-3,543

-17,187

17,066

-12,284

-9,127

-34,562

35,733

-3,029

-5,836

1,252

5,182

2,312

-20

5,520

-47,969

3,626

-5,189

-5,634

-5,860

-4,141

8,754

10,528

4,225

7,106

8,753

18,429

Accrued liabilities

-38,425

52,714

-10,958

11,515

-70,925

46,712

877

18,260

-48,611

29,752

266

-1,361

-53,733

30,413

-4,238

13,251

-52,607

29,860

33,717

19,602

-23,965

18,816

7,857

8,477

-40,748

21,815

11,729

28,493

-30,347

-1,551

24,624

6,387

-30,141

6,016

20,836

16,103

-30,638

-3,684

6,189

10,585

-21,293

Income taxes

-16,500

25,147

-7,289

-12,970

609

-8,853

8,605

-3,357

-785

37,072

-19,548

-10,136

-2,387

29,097

500

-11,547

-6,328

35,865

-13,670

-10,164

-50

22,876

-592

-9,604

-3,622

-5,238

1,580

-15,782

-69,987

10,106

-24,432

-1,539

5,105

-24,524

11,605

5,517

7,347

-2,498

3,972

-4,076

-1,191

Other assets

-6,144

7,030

14,180

-4,442

-650

5,481

-4,008

6,673

10,602

4,209

2,473

779

5,794

2,038

-5,255

1,231

1,226

6,775

-3,671

-670

2,406

2,588

-1,644

-9,629

2,417

-1,977

-2,333

-5,838

5,606

-7,517

4,717

1,617

215

-12,306

1,397

-2,104

794

-10,975

-4,596

-8,340

-3,298

Other liabilities

-9,501

5,493

1,279

-10,373

4,758

3,268

-2,009

-4,782

2,441

-221

2,304

9,804

-483

1,434

-2,590

-6,701

3,834

-538

-236

0

923

181

-864

6,046

-1,927

13,610

-1,238

5,441

-1,782

6,679

-1,872

-21

-4,063

5,927

-7,932

36

347

-3,726

-3,545

-5,553

-1,913

Net cash used for operating activities

-52,052

187,376

67,872

67,705

-46,060

188,361

130,221

54,498

-83,860

151,685

68,834

47,044

-12,263

167,365

86,859

47,958

12,612

149,479

86,935

53,251

-48,205

136,121

54,211

30,970

-20,415

113,798

67,303

55,226

-71,726

46,053

62,773

17,814

12,748

85,101

68,312

46,777

-15,627

56,138

49,898

18,720

-13,207

Cash flows from investing activities:
Capital expenditures

20,935

35,934

23,299

27,174

23,595

34,396

23,958

23,593

15,900

30,831

11,233

11,798

10,399

17,917

10,933

11,693

13,431

15,863

11,882

11,768

15,456

14,402

10,094

10,607

10,356

8,804

11,139

13,829

6,437

9,222

10,035

14,196

7,557

18,293

6,877

8,085

6,798

8,996

6,493

5,703

7,002

Cash from business acquisitions, net of cash acquired

-590

23,441

434

50,517

0

0

0

8,496

76,084

0

-49

166,945

0

1,000

0

2,500

15,348

0

0

0

695,345

34,752

1,598

306,767

4,700

0

0

504

9,475

518,411

341,355

0

587

811

7,290

29,226

23,192

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-163

Proceeds (payments) from disposal of businesses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,735

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from disposal of tangible assets

2,090

6

0

9

10

24

39

1,492

25

1,024

15

0

0

110

241

31

10

388

65

74

6

111

1,760

1

12

14

19

2,059

1,077

-

-

-

-

7

-16

86

1,136

-

0

508

1,824

Proceeds from disposal of tangible assets

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from disposal of business

-

-

-

-

-

0

0

1,071

39,100

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-956

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used for investing activities

-18,255

-59,369

-23,733

-77,682

-23,585

-34,372

-23,919

-29,526

-52,859

-29,807

-11,169

-178,743

-10,399

-18,663

-11,663

-14,162

-28,769

-15,475

-8,290

-11,694

-710,795

-49,043

-9,932

-317,373

-16,000

-8,790

-11,120

-12,274

-11,100

-219,446

-350,507

-13,843

-8,144

-19,097

-14,183

-37,225

-28,854

8,351

-6,493

-5,195

-5,015

Cash flows from financing activities:
Payments under borrowing arrangements

-

-

-

-

-

0

0

83,523

401,234

0

1,100,671

5,221

0

242,500

625

625

50,625

-

-

-

-

-

-

-

-

234,523

3,029

3,081

194,110

18,080

575,184

0

600

-

-

-

-

0

0

0

46,268

Payment of earnout consideration

29,300

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments under share repurchase program

-21,239

0

-27,185

-22,815

0

-50,000

-25,000

-24,730

-75,270

-13,492

-11,508

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

31,250

31,250

31,250

0

25,000

25,000

25,000

-

-

-

-

-

-

-

-

Cash dividends paid

2,296

2,286

10,705

10,723

10,725

10,748

10,387

11,244

10,790

10,841

10,847

10,846

10,842

9,772

2,103

2,103

2,101

2,009

2,151

2,095

2,140

2,159

2,182

2,186

2,172

2,190

2,178

2,234

76

4,451

2,278

2,303

2,409

2,320

2,372

2,326

2,392

2,360

2,340

2,351

2,361

Debt issuance costs paid

-

-

-

-

-

0

140

410

7,059

730

14,542

2,040

4

3,910

0

0

0

255

0

21

622

4,128

870

4,000

1,702

9,559

0

1,023

6,794

-

-

-

-

-

-

-

-

-

-

-

-

Withholding tax payments for share-based payment awards

1,003

86

61

62

1,940

90

425

76

1,503

1,143

695

9,108

-4,382

12,782

-1,704

-765

-2,833

23,210

-78

-597

-10,842

-3,712

-255

-2,300

-5,441

-745

-1,088

-2,737

1,551

-

-

-

-

-

-

-

-

-

-

-

-

Other

-58

-128

-59

-103

-70

0

411

-411

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax benefit related to share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-224

1,598

3,690

-

45

1,630

3,264

153

5,219

1,135

4,227

172

38

-210

4,119

-12

6

128

1,668

129

-29

68

-278

Borrowings under credit arrangements

-

-

-

-

-

0

0

0

431,270

0

866,700

0

0

-

-

-

-

0

0

0

200,000

-

-

-

-

249,375

0

0

388,220

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds (payments) from exercise of stock options, net of withholding tax payments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19

2,179

-

0

602

3,952

2,438

86

91

543

Net cash used for financing activities

-53,896

-2,500

-38,010

-33,703

-12,735

-60,838

-35,952

-120,394

-64,586

-26,206

-271,563

-18,451

-15,228

-36,310

497,066

-3,493

-55,559

-157,284

-42,131

-1,740

190,086

209,975

-34,887

161,322

-6,051

2,511

-32,326

-39,190

161,768

182,059

329,175

-24,761

-21,711

-27,287

-27,366

-4,892

3,228

207

1,934

-2,192

-48,364

Effect of foreign currency exchange rate changes on cash and cash equivalents

-7,947

3,636

-4,630

-59

752

-1,568

-2,772

-5,992

3,060

4,073

4,901

4,586

5,698

-12,581

271

-795

1,229

-1,866

-3,036

1,902

-5,548

-4,993

-5,255

467

-1,259

1,948

3,779

3,033

-4,631

954

6,920

-11,949

4,408

-4,355

-7,885

1,567

5,685

-2,124

5,127

-4,601

-3,410

Decrease in cash and cash equivalents

-132,150

129,143

1,499

-43,739

-81,628

91,583

67,578

-101,414

-198,245

99,745

-208,997

-145,564

-32,192

99,811

572,533

29,508

-70,487

-25,146

33,478

41,719

-574,462

292,060

4,137

-124,614

-43,725

109,467

27,636

6,795

74,311

9,620

48,361

-32,739

-12,699

34,362

18,878

6,227

-35,568

62,572

50,466

6,732

-69,996