Beacon roofing supply, inc. (BECN)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'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'10Dec'09
Operating Activities
Net income (loss)

-122,640

-23,410

27,380

30,987

-68,086

-893

48,310

49,375

-66,655

67,596

45,131

44,659

-9,356

20,430

47,392

41,126

-5,719

7,118

30,807

28,349

-9,786

12,907

24,207

26,799

-12,117

14,957

27,404

27,158

-161

18,206

27,891

25,415

3,144

19,115

31,257

24,088

-6,177

10,052

16,864

16,291

-6,456

7,827

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

204,851

63,850

69,474

69,455

69,210

69,622

54,524

65,887

54,188

26,904

30,229

29,283

28,530

28,425

27,164

25,383

23,973

23,671

8,942

9,490

8,173

8,257

7,685

7,328

7,141

8,140

7,986

7,834

7,538

7,057

6,558

5,761

5,979

6,055

6,265

6,159

6,183

6,453

6,946

6,812

6,886

7,129

Stock-based compensation

4,661

5,156

3,459

4,637

4,807

3,457

3,340

5,298

4,376

3,459

3,844

3,653

3,758

3,816

3,679

3,374

3,517

7,179

2,631

2,561

2,396

2,348

2,183

-250

2,957

2,532

2,380

2,230

2,132

2,524

2,222

1,874

2,030

1,747

1,562

1,542

1,523

1,446

1,202

1,192

1,180

1,427

Certain interest expense and other financing costs

2,872

2,849

3,025

3,026

3,027

3,024

5,789

7,562

3,280

707

6,508

1,286

1,285

1,418

3,216

1,060

1,628

2,425

-2,264

271

272

271

0

271

273

272

275

353

-1,118

-1,051

-812

5,171

0

0

-

-

-

-

-

-

-

-

Beneficial lease amortization

0

0

576

569

573

572

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on debt extinguishment

0

-14,678

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of fixed assets

554

330

360

2,298

907

265

163

812

0

319

113

306

108

312

1,044

427

111

300

498

336

147

126

663

180

106

374

758

153

350

226

379

197

493

209

109

151

165

325

163

180

178

66

Deferred income taxes

-51,677

2,357

-5,750

109

-115

3,201

18,737

-1,595

-2,337

-44,923

-6,232

4,605

1,232

788

23,740

-281

2,074

-333

18,223

-876

240

47

2,285

2,211

-1,574

156

2,975

914

660

-133

7,446

1,175

-259

-662

1,173

-581

-516

-541

4,481

-1,015

132

-538

Other, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-79

-706

426

-23

105

245

-64

-48

180

0

-3

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Adjustment of liability for contingent consideration and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-750

0

1,000

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

48,622

-247,685

29,471

208,770

-12,621

-207,119

-6,931

238,194

-34,805

-151,365

31,876

151,899

13,305

-136,895

-12,652

138,210

565

-95,715

12,670

139,145

-18,921

-99,643

9,195

121,495

-12,700

-85,006

15,305

86,436

-2,742

-76,209

-14

63,012

-11,356

-71,446

-14,227

114,070

-7,162

-57,367

4,912

68,478

2,001

-68,905

Inventories

2,672

19,147

-105,439

92,161

5,340

90,712

-234,812

168,092

79,765

52,024

-90,174

49,870

44,053

48,019

-139,852

93,844

46,033

-43,514

-64,514

23,412

49,444

861

-97,538

-23,364

113,781

57,967

-86,860

15,585

53,051

34,257

-75,419

13,406

69,480

-20,805

-64,626

49,198

53,972

-3,528

-65,595

1,174

45,739

-22,270

Prepaid expenses and other current assets

-9,889

3,362

-46,705

32,200

-46,318

131,638

-77,065

86,936

-68,846

1,421

-11,765

2,911

6,468

46,594

-43,923

40,949

14,042

1,773

9,951

2,161

3,638

1,369

-7,907

-30,555

7,741

35,511

-18,384

7,946

-26,275

28,370

3,055

-24,583

24,850

19,126

-13,728

-1,819

2,795

5,282

-958

-10,422

4,808

-2,151

Accounts payable and accrued expenses

-17,419

-417,507

186,041

274,246

32,462

-400,616

91,480

326,643

61,105

-191,800

91,618

45,340

110,674

-18,724

-254,644

196,554

71,961

-132,967

-1,593

73,891

55,064

-80,864

-29,620

-51,638

94,171

36,942

-101,102

100,434

-11,361

7,326

-65,271

-33,567

93,878

-39,195

-91,158

99,268

60,087

-15,185

-43,108

36,852

46,793

-79,588

Other assets and liabilities

-1,076

-1,874

-

-

-169

-246

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

-

-

-

-

-

-

53

-122

854

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities

-25,517

-125,307

407,550

47,247

94,739

-336,883

540,400

-40,985

80,422

-40,456

241,027

-76,357

72,407

78,123

46,289

-6,293

35,977

44,675

98,118

-51,263

22,296

40,189

102,279

-82,855

-18,077

54,150

29,099

28,803

-26,694

47,285

50,033

-44,953

21,305

58,976

41,571

-31,124

11,330

57,513

47,863

722

-4,191

29,517

Investing Activities
Purchases of property and equipment

12,870

12,194

12,694

18,017

14,632

11,688

11,032

10,145

17,417

7,416

7,946

7,651

16,951

7,280

4,762

10,494

8,906

2,153

7,015

8,403

2,246

3,138

11,149

14,317

6,383

5,390

8,187

7,155

7,686

3,092

5,162

3,639

6,169

2,434

4,574

5,796

3,201

862

4,739

2,167

2,702

660

Acquisition of businesses, net

0

0

0

0

0

163,973

25,051

-11,132

2,726,561

0

857

70,174

56,509

1,850

-470

77,502

0

941,156

0

15,556

-1

69,746

1,514

0

0

0

122

0

0

64,484

46,568

50,111

-26

44,396

-

-

-

-

6,715

5,995

6,233

385

Proceeds from the sale of assets

726

396

3,069

4,772

1,027

401

1,399

337

0

413

394

554

885

400

913

592

148

229

585

437

252

115

677

366

126

268

350

198

396

291

422

208

565

223

135

213

272

923

159

247

241

101

Net cash provided by (used in) investing activities

-12,144

-11,798

-9,625

-13,245

-13,605

-175,260

-34,684

1,324

-2,743,978

-7,003

-8,409

-77,271

-72,575

-8,730

-3,379

-87,404

-8,758

-943,080

-6,430

-23,522

-1,993

-72,769

-11,986

-13,951

-6,257

-5,122

-7,959

-6,957

-7,290

-67,285

-51,308

-53,542

-5,578

-46,607

-4,533

-40,431

-2,929

61

-11,295

-7,915

-8,694

-944

Financing Activities
Borrowings under revolving lines of credit

1,278,605

750,711

365,609

-146,208

582,030

1,298,654

684,792

592,282

1,513,265

17,402

742,201

864,828

502,042

355,057

483,331

392,000

127,000

890,128

191,368

133,359

88,400

147,507

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments under revolving lines of credit

493,136

616,767

709,146

-152,779

669,390

888,225

1,075,763

534,515

1,076,915

20,548

1,199,660

685,100

566,075

382,395

535,456

281,221

175,477

549,378

253,519

62,949

107,099

142,440

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments under term loan

2,425

2,425

-

-

4,850

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings under term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40,793

0

0

450,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments under term loan

-

-

-

-

-

-

-

-

-

-

1,125

2,250

2,250

-1,125

419,918

-1,125

-1,125

-186,750

-19,688

2,813

2,813

2,812

-

-

-

-

-

2,812

2,813

2,812

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings under senior notes

0

300,000

0

0

0

0

0

0

0

1,300,000

0

0

0

0

0

0

0

300,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment under senior notes

0

309,564

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of debt issuance costs

136

3,582

817

0

0

0

0

-1,935

45,806

21,917

1,669

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments under equipment financing facilities and finance leases

2,145

2,282

-

-

1,177

1,465

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments under equipment financing facilities and other

-

-

-

-

-

-

2,989

2,961

3,675

1,968

2,254

2,415

2,960

2,405

877

1,214

1,266

1,367

1,439

1,356

1,346

1,412

16,459

-13,891

1,026

1,415

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments under senior term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,812

2,813

2,812

-

-

-

-

221,913

83,048

8,330

2,315

-

-

-

-

-

-

-

-

Repayments under revolving lines of credit, net of borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-47,398

-

-15,994

13,600

6,100

-3,600

44,871

14

-13

-43

52

-53

-6

77

-74

46

18

Borrowings under equipment financing facilities and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-15,270

29,676

3,357

7,614

3,468

2,942

-1,422

-995

-

-

-

-

-

-

-

-

-

-

-

-

Payment of stock issuance costs

-

-

-

-

-

-

0

0

850

429

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of dividends on Preferred Stock

6,000

6,000

6,000

6,000

6,000

6,000

6,978

5,022

978

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of issuance costs from secondary offering of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments under senior notes payable and other, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-717

-7,711

-359

-

-2,074

-9,082

-1,981

Payment of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

27,813

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock related to equity awards

572

875

1,660

95

725

834

564

1,633

1,536

3,781

1,347

2,154

4,380

3,460

3,947

4,822

6,407

8,984

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of taxes related to net share settlement of equity awards

733

2,101

29

22

0

3,617

0

42

8

3,925

-780

475

400

297

2

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,936

2,509

662

-

833

2,096

3,961

1,320

2,136

5,208

9,915

10,394

2,126

7,424

1,534

937

1,561

1,695

1,109

141

1,608

1,148

664

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

932

2,394

129

1,501

281

983

209

53

81

73

684

192

851

942

1,396

1,755

1,568

152

786

82

104

273

291

88

23

283

395

85

Net cash provided by (used in) financing activities

774,602

108,865

-353,547

-6,741

-98,662

400,181

-402,799

50,885

1,315,569

1,272,396

-126,624

176,742

-63,013

-27,705

-49,762

115,656

-44,332

885,305

-63,285

69,160

-20,140

1,558

-61,297

89,059

2,298

-39,858

867

-12,786

15,969

13,963

9,981

-40,987

-106

-712

-1,268

1,169

-5,778

832

-1,815

-257

-7,493

-1,214

Effect of exchange rate changes on cash and cash equivalents

482

-298

180

-177

-250

458

-541

327

160

640

-799

-71

-78

197

1,702

-264

-256

-351

-336

263

-544

-113

-929

111

-322

202

-1,355

587

718

-143

256

-404

337

487

-725

-54

125

132

306

-342

16

130

Net increase (decrease) in cash and cash equivalents

737,423

-28,538

44,558

27,084

-17,778

-111,504

102,376

11,551

-1,347,827

1,225,577

105,195

23,043

-63,259

41,885

-5,150

21,695

-17,369

-13,451

28,067

-5,362

-381

-31,135

28,067

-7,636

-22,358

9,372

20,652

9,647

-17,297

-6,180

8,962

-139,886

15,958

12,144

35,045

-70,440

2,748

58,538

35,059

-7,792

-20,362

27,489

Cash paid during the period for:
Interest

6,280

57,420

7,739

61,350

19,604

57,732

19,621

63,003

1,878

26,781

-589

20,064

10,257

19,335

17,122

18,602

11,383

10,827

1,429

2,187

2,036

2,624

2,463

2,573

6,440

-2,164

21,621

-3,714

-2,951

-2,944

21,160

-3,092

-9,577

3,145

3,400

3,323

3,275

3,526

3,446

5,814

5,710

5,590

Income taxes paid (received), net of refunds

-566

125

259

2,289

-12,312

1,239

1,354

714

10,907

22,130

18,344

1,663

22,245

13,906

13,558

-12,861

6,107

7,621

1,903

183

12,968

8,144

1,763

3,000

22,103

-3,388

47,273

-7,129

-9,307

-1,157

92,945

-14,000

-27,961

4,829

19,710

535

1,303

2,307

7,389

854

7,236

1,428