BELDEN INC. BDC Cash Flow

Belden inc. (BDC)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Apr'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
Cash flows from operating activities:
Net income (loss)
-413,173	-376,776	-186,056	196,817	183,319	160,711	147,656	62,743	69,842	92,853	95,700	130,827	136,869	127,646	144,019	122,516	102,174	66,180	32,517	51,795	30,219	74,449	80,964	76,185	105,662	103,313	247,408	179,562	192,460	194,490	54,414	124,395	116,730	114,345	144,253	133,655	118,602	108,459	0	0	0
Adjustments to reconcile net income (loss) to net cash used for operating activities:
Depreciation and amortization
129,056	139,259	145,064	147,299	149,114	148,632	149,008	150,029	151,117	149,650	147,274	143,841	143,450	145,593	148,058	150,133	149,492	150,342	140,921	129,383	118,969	102,162	96,970	95,097	93,143	94,451	90,677	83,483	69,744	59,355	53,039	48,722	49,471	50,174	51,430	51,714	53,525	55,279	0	0	0
Asset impairment of discontinued operations
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation
19,243	17,751	15,955	18,223	17,587	18,497	15,873	13,591	13,843	14,647	17,666	18,515	18,008	18,178	17,874	16,441	16,839	17,745	18,436	19,225	19,298	18,858	17,964	17,012	16,001	14,854	14,127	13,401	12,816	12,374	12,234	11,864	11,293	11,241	11,018	11,305	11,777	12,177	0	0	0
Provision for inventory obsolescence
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,285	2,992	3,068	5,085	3,216	3,056	2,773	1,160	1,571	2,618	3,169	3,210	0	0	0
Pension funding less than pension expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,199	3,199	2,147	593	-1,760	-2,875	-2,955	-3,812	-4,246	-231	-3,328	4,289	0	0	0
Loss on debt extinguishment
-	-	-	-	-	-22,990	-22,990	-74,584	-72,401	-52,441	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from equity method investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,877	6,605	7,605	8,922	7,735	9,530	9,234	9,704	11,227	10,153	12,048	13,169	12,231	13,805	13,161	11,940	0	0	0
Tax benefit related to share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	5,092	10,266	9,771	10,734	10,753	5,572	12,465	4,119	3,935	3,903	-3,997	1,790	1,931	1,896	1,836	-110	0	0	0
Changes in operating assets and liabilities, net of the effects of currency exchange rate changes and acquired businesses:
Receivables
-5,165	-22,926	-9,592	-10,951	-20,719	21,748	17,319	19,319	15,426	24,931	33,222	31,847	45,797	10,115	-2,755	-16,066	-40,823	-6,066	-22,241	-11,702	-1,021	15,810	22,501	8,524	14,837	18,132	25,731	10,189	16,061	-5,628	-38,009	-27,750	-29,015	-4,680	29,768	28,699	31,634	39,458	0	0	0
Inventories
-24,908	-44,477	-34,124	-17,058	7,527	14,779	50,498	56,522	73,580	84,088	53,181	39,007	7,943	-2,677	-16,851	-30,673	-20,790	-19,204	-1,531	21,702	7,266	2,260	-9,888	-8,165	3,610	-6,872	-21,177	-24,600	-28,987	-31,706	-5,781	-9,161	-1,745	22,873	10,086	21,321	26,133	14,031	0	0	0
Accounts payable
5,096	-41,527	-26,451	-36,254	-36,189	-29,401	-10,834	1,315	6,690	100,752	73,477	74,776	59,885	39,298	13,177	-15,948	-21,532	-38,907	-20,240	-10,985	-7,694	28,120	-2,431	2,910	8,726	12,994	-40,157	-38,843	-44,012	-55,166	-13,057	-20,824	-6,881	9,281	19,366	30,613	30,612	38,513	0	0	0
Accrued liabilities
14,846	-17,654	-23,656	-11,821	-5,076	17,238	278	-333	-19,954	-25,076	-24,415	-28,919	-14,307	-13,181	-13,734	24,221	30,572	59,214	48,170	22,310	11,185	-5,598	-2,599	1,273	21,289	31,690	8,324	21,219	-887	-681	6,886	3,098	12,814	12,317	2,617	-12,030	-17,548	-8,203	0	0	0
Income taxes
-11,612	5,497	-28,503	-12,609	-2,996	-4,390	41,535	13,382	6,603	5,001	-2,974	17,074	15,663	11,722	18,490	4,320	5,703	11,981	-1,008	12,070	12,630	9,058	-19,056	-16,884	-23,062	-89,427	-74,083	-100,095	-85,852	-10,760	-45,390	-9,353	-2,297	-55	21,971	14,338	4,745	-3,793	0	0	0
Other assets
10,624	16,118	14,569	-3,619	7,496	18,748	17,476	23,957	18,063	13,255	11,084	3,356	3,808	-760	3,977	5,561	3,660	4,840	653	2,680	-6,279	-6,268	-10,833	-11,522	-7,731	-4,542	-10,082	-3,032	4,423	-968	-5,757	-9,077	-12,798	-12,219	-10,888	-16,881	-23,117	-27,209	0	0	0
Other liabilities
-13,102	1,157	-1,068	-4,356	1,235	-1,082	-4,571	-258	14,328	11,404	13,059	8,165	-8,340	-4,023	-5,995	-3,641	3,060	149	868	240	6,286	3,436	16,865	16,491	15,886	16,031	9,100	8,466	3,004	723	-29	-6,089	-6,032	-1,622	-11,275	-6,888	-12,477	-14,737	0	0	0
Net cash used for operating activities
270,901	276,893	277,878	340,227	327,020	289,220	252,544	191,157	183,703	255,300	270,980	289,005	289,919	314,794	296,908	296,984	302,277	241,460	228,102	195,378	173,097	200,887	178,564	191,656	215,912	164,601	96,856	92,326	54,914	139,388	178,436	183,975	212,938	184,563	155,600	137,186	109,129	111,549	0	0	0
Cash flows from investing activities:
Capital expenditures
107,342	110,002	108,464	109,123	105,542	97,847	94,282	81,557	69,762	64,261	51,347	51,047	50,942	53,974	51,920	52,869	52,944	54,969	53,508	51,720	50,559	45,459	39,861	40,906	44,128	40,209	40,627	39,523	39,890	41,010	50,081	46,923	40,812	40,053	30,756	30,372	27,990	28,194	0	0	0
Cash from business acquisitions, net of cash acquired
73,802	74,392	50,951	50,517	8,496	84,580	84,580	84,531	242,980	166,896	167,896	167,945	3,500	18,848	17,848	17,848	15,348	695,345	730,097	731,695	1,038,462	347,817	313,065	311,467	5,204	9,979	528,390	869,745	869,241	860,353	342,753	8,688	37,914	60,519	0	0	0	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Proceeds (payments) from disposal of businesses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from disposal of tangible assets
2,105	25	43	82	1,565	1,580	2,580	2,556	1,064	1,039	125	351	382	392	670	494	537	533	256	1,951	1,878	1,884	1,787	46	2,104	3,169	0	0	0	-	-	-	-	1,213	0	0	0	-	0	0	0
Proceeds from disposal of tangible assets
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from disposal of business
-	-	-	-	-	40,171	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-956	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used for investing activities
-179,039	-184,369	-159,372	-159,558	-111,402	-140,676	-136,111	-123,361	-272,578	-230,118	-218,974	-219,468	-54,887	-73,257	-70,069	-66,696	-64,228	-746,254	-779,822	-781,464	-1,087,143	-392,348	-352,095	-353,283	-48,184	-43,284	-253,940	-593,327	-594,896	-591,940	-391,591	-55,267	-78,649	-99,359	-71,911	-64,221	-32,191	-8,352	0	0	0
Cash flows from financing activities:
Payments under borrowing arrangements
-	-	-	-	-	484,757	484,757	1,585,428	1,507,126	1,105,892	1,348,392	248,346	243,750	294,375	0	0	0	-	-	-	-	-	-	-	-	434,743	218,300	790,455	787,374	593,864	0	0	0	-	-	-	-	46,268	0	0	0
Payment of earnout consideration
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments under share repurchase program
-71,239	-50,000	-100,000	-97,815	-99,730	-175,000	-138,492	-125,000	-100,270	-25,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	93,750	93,750	87,500	81,250	75,000	0	0	0	-	-	-	-	-	-	-	-
Cash dividends paid
26,010	34,439	42,901	42,583	43,104	43,169	43,262	43,722	43,324	43,376	42,307	33,563	24,820	16,079	8,316	8,364	8,356	8,395	8,545	8,576	8,667	8,699	8,730	8,726	8,774	6,678	8,939	9,039	9,108	11,441	9,310	9,404	9,427	9,410	9,450	9,418	9,443	9,412	0	0	0
Debt issuance costs paid
-	-	-	-	-	7,609	8,339	22,741	24,371	17,316	20,496	5,954	3,914	3,910	255	255	276	898	4,771	5,641	9,620	10,700	16,131	15,261	12,284	17,376	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Withholding tax payments for share-based payment awards
1,212	2,149	2,153	2,517	2,531	2,094	3,147	3,417	12,449	6,564	18,203	15,804	5,931	7,480	17,908	19,534	19,702	11,693	-15,229	-15,406	-17,109	-11,708	-8,741	-9,574	-10,011	-3,019	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other
-348	-360	-232	238	-70	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax benefit related to share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	5,092	10,266	9,771	10,734	10,753	5,572	4,227	4,119	3,935	3,903	4,241	1,790	1,931	1,896	1,836	-110	0	0	0
Borrowings under credit arrangements
-	-	-	-	-	431,270	431,270	1,297,970	1,297,970	866,700	0	0	0	-	-	-	-	200,000	0	0	0	-	-	-	-	637,595	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds (payments) from exercise of stock options, net of withholding tax payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	6,992	7,078	6,567	3,158	0	0	0
Net cash used for financing activities
-128,109	-86,948	-145,286	-143,228	-229,919	-281,770	-247,138	-482,749	-380,806	-331,448	-341,552	427,077	442,035	401,704	280,730	-258,467	-256,714	-11,069	356,190	363,434	526,496	330,359	122,895	125,456	-75,056	92,763	272,311	633,812	648,241	464,762	255,416	-101,125	-81,256	-56,317	-28,823	477	3,177	-48,415	0	0	0
Effect of foreign currency exchange rate changes on cash and cash equivalents
-9,000	-301	-5,505	-3,647	-9,580	-7,272	-1,631	6,042	16,620	19,258	2,604	-2,026	-7,407	-11,876	-1,161	-4,468	-1,771	-8,548	-11,675	-13,894	-15,329	-11,040	-4,099	4,935	7,501	4,129	3,135	6,276	-8,706	333	-4,976	-19,781	-6,265	-4,988	-2,757	10,255	4,087	-5,008	0	0	0
Decrease in cash and cash equivalents
-45,247	5,275	-32,285	33,794	-23,881	-140,498	-132,336	-408,911	-453,061	-287,008	-286,942	494,588	669,660	631,365	506,408	-32,647	-20,436	-524,411	-207,205	-236,546	-402,879	127,858	-54,735	-31,236	100,173	218,209	118,362	139,087	99,553	12,543	37,285	7,802	46,768	23,899	52,109	83,697	84,202	49,774	0	0	0