Briggs & stratton corporation (BGG)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Mar'18Dec'17Sep'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'09Sep'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss)

-144,606

-15,344

-33,637

-18,540

8,048

-2,605

-40,986

31,887

-16,345

-15,038

35,819

15,251

-14,148

5,349

26,823

12,560

-18,171

20,101

33,922

6,943

-15,279

7,841

39,153

702

-19,349

-55,011

38,516

-635

-16,527

-8,408

39,937

2,697

-5,220

-17,799

51,519

-1,251

-8,114

18,204

24,073

3,025

-8,687

Adjustments to Reconcile Net Income (Loss) to Net Cash Used in Operating Activities:
Depreciation and Amortization

17,328

17,834

19,657

16,815

15,122

16,260

16,003

15,232

13,653

14,871

14,021

13,870

14,286

13,821

13,723

13,459

13,397

12,958

13,276

13,087

12,939

12,010

10,576

13,883

13,874

14,518

13,368

14,088

13,778

16,124

16,013

15,458

16,119

15,278

15,470

15,579

15,501

17,603

16,364

16,113

16,152

Stock Compensation Expense

1,768

400

2,300

-

2,323

545

2,632

1,412

1,594

2,306

1,734

1,578

1,248

317

1,588

1,577

1,627

1,387

1,458

1,777

1,605

1,352

1,285

1,497

3,040

1,270

1,365

1,368

2,511

1,058

942

1,007

2,548

822

770

2,505

5,498

820

796

1,172

4,187

Loss on Disposition of Plant and Equipment

9

0

-1,421

-485

0

-66

0

-42

-450

-1,103

-279

-218

-113

-297

-205

-203

-46

35

-168

-57

-75

-3

-370

65

-157

-403

-73

-263

43

-93

-65

-30

14

-298

-663

-330

-360

-469

-2,669

868

145

Provision for Deferred Income Taxes

-51,845

6,403

9,148

-1,298

-303

-932

20,482

-6,317

-19,467

1,040

-3,259

-817

-3,498

1,462

-1,221

1,409

-3,844

-6,734

7,506

-3,862

-4,558

-3,309

3,505

3,782

1,418

11,048

24,848

-1,830

-6,152

-6,746

-2,467

1,780

3,507

6,807

3,219

-898

-3,011

-440

-2,021

8,618

-2,402

Equity in Earnings of Unconsolidated Affiliates

572

985

1,745

3,739

549

3,944

3,910

2,120

3,335

3,613

1,079

3,011

3,228

655

1,105

1,751

1,436

2,298

1,664

1,454

1,887

1,987

1,726

1,022

1,529

1,233

4,793

-915

-867

-

-

-

-

1,203

1,548

1,441

890

1,605

3,926

-847

-613

Dividends Received from Unconsolidated Affiliates

6,076

847

3,453

849

0

7,409

3,101

0

6,579

3,231

0

5,143

3,043

1,080

603

3,708

728

247

0

2,631

1,750

0

0

2,569

1,500

0

0

225

4,411

-

-

-

-

-1

100

3,630

3,250

0

0

505

3,500

Payment for Pension Benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

45,592

-10,763

-5,466

52,880

-18,668

-5,466

0

-

-

-

-

-

-

-

-

Non-Cash Restructuring Charges

-

-

-

-

-

-

-

-

-

-

-

-

-

2,178

114

1,382

229

-1,188

3,255

4,025

5,165

845

1,178

482

1,726

1,151

5,184

3,561

3,185

21,647

14,263

0

0

-

-

-

-

-

-

-

-

Change in Operating Assets and Liabilities:
Accounts Receivable

20,355

21,128

-36

-54,966

11,038

58,373

1,465

55,848

22,708

-52,608

74,901

65,499

-29,422

-88,405

93,412

16,634

-45,558

-110,359

113,203

46,042

-70,347

-118,527

145,899

21,949

-20,110

-209,556

144,722

53,475

-30,762

-243,995

194,389

56,914

-13,503

-224,805

229,244

51,663

-93,877

-150,729

219,938

-123,734

78,955

Inventories

-84,561

-1,355

112,759

-22,236

-43,994

29,804

127,597

-63,295

41,117

84,958

-72,234

15,054

84,733

-33,970

-85,634

32,195

95,342

-70,794

-92,455

33,435

117,735

-19,062

-79,814

6,791

61,310

-54,569

-72,742

23,069

69,546

-35,718

-83,803

74,927

65,287

-42,483

-90,975

46,118

107,887

-55,915

-138,601

186,579

-68,452

Other Current Assets

4,153

-7,826

6,974

448

2,803

6,067

-8,014

28

-5,415

8,817

619

-3,437

2,234

198

2,220

-1,241

-2,408

473

1,742

969

-8,628

221

6,052

-6,952

9,983

339

-7,324

-438

-2,809

25,294

-19,190

21,711

-20,870

11,127

-1,073

-1,432

-10,465

-

-

-

-

Decrease in Other Current Assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,092

-18,210

7,939

Accounts Payable, Accrued Liabilities and Income Taxes

-20,850

-29,412

-25,052

2,812

55,523

-4,992

27,374

-5,521

2,670

14,138

53,391

-6,877

-16,473

-39,614

51,150

4,785

-30,337

-18,553

45,756

-13,316

-13,596

-28,468

55,141

16,679

4,515

-61,077

29,682

36,842

3,749

-43,360

41,625

31,037

-39,057

-57,246

98,025

5,350

-60,210

11,316

46,335

28,593

-18,297

Changes in Accrued Pension

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,136

Other, Net

1,236

1,132

-735

-5,225

-217

-1,233

-629

-21,142

1,646

4,298

4,029

1,688

5,552

-19,749

-1,304

2,872

5,240

-21,095

4,278

2,320

5,448

-9,333

-880

1,542

4,194

-13,779

6,880

-150

-3,964

-3,838

-819

-3,412

-3,240

4,707

-2,715

-618

-4,326

10,181

-1,212

-2,374

572

Net Cash Used in Operating Activities

38,283

-46,167

-161,694

69,556

111,136

-79,340

-136,687

45,841

-35,354

-29,507

100,109

-51,815

-74,758

120,283

93,279

-15,946

-82,689

203,030

61,897

-65,154

-48,878

141,112

31,215

7,613

-52,861

234,592

1,633

-34,052

-41,360

232,648

-1,687

-108,729

-56,271

257,274

28,307

-73,163

-55,487

260,251

8,769

-37,142

11,863

CASH FLOWS FROM INVESTING ACTIVITIES:
Capital Expenditures

8,635

15,606

18,825

6,075

12,145

12,988

21,246

31,886

18,480

27,117

17,617

15,399

15,764

23,069

15,249

13,415

12,428

27,553

20,868

15,899

7,390

30,900

11,408

6,413

11,650

18,577

9,557

8,873

7,871

17,758

12,111

9,474

10,230

27,412

11,166

11,950

9,391

19,627

9,224

8,623

6,969

Proceeds Received on Disposition of Plant and Equipment

-

-

-

-

-

-

-

-347

312

374

5

957

52

362

0

482

515

1,799

29

117

172

519

48

33

28

5,787

438

647

5,620

1,282

80

15

80

66

30

19

33

67

37

9

163

Cash Paid for Acquisition, Net of Cash Acquired

0

0

0

1

0

0

8,865

0

1,800

0

-

-

-

0

900

0

2,174

28,289

-2,201

0

62,056

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds on Sale of Investment in Marketable Securities

-

-

-

-

-

-

-

-

-

-

0

0

3,343

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in Restricted Cash

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, Net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

144

Net Cash Used in Investing Activities

-5,970

-15,591

-18,825

-6,038

-12,126

-12,976

-30,111

-41,286

-19,968

-26,743

-17,612

-14,442

-12,369

-22,817

-35,999

-12,933

-14,087

-54,043

-18,888

-15,782

-69,274

-30,381

-11,360

-6,380

-11,622

-12,790

-10,939

-66,033

-2,251

-16,476

-12,031

-12,132

-10,150

-27,346

-11,136

-11,931

-9,358

-19,560

-9,187

-8,614

-6,950

CASH FLOWS FROM FINANCING ACTIVITIES:
Net Borrowings on Revolver

-26,073

57,507

210,250

-51,005

-102,529

112,667

153,371

2,908

64,148

64,500

-69,800

81,925

50,175

-32,443

-60,800

54,833

38,410

-

-26,900

87,000

0

0

0

0

0

-

-

-

-

-

-

-

-

-55,000

0

57,500

-2,500

-139,355

35,940

64,665

4,750

Long Term Notes Payable

-

-

-

-

-

-

-

0

0

7,685

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments on Short-Term Debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

300

1,800

900

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Debt Issuance Costs

1,361

450

4,350

0

0

0

0

0

0

1,154

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Treasury Stock Purchases

0

0

0

0

508

6,347

5,082

5,582

1,023

2,105

2,771

6,499

8,654

4,047

8,491

13,725

11,178

7,485

11,962

9,837

17,761

12,981

8,980

11,390

9,696

7,302

3,822

6,349

12,886

16,598

11,305

8,266

3,118

0

0

0

0

-

-

-

-

Payment of Acquisition Contingent Liability

-

-

-

-

-

-

-

-

-

-

-812

0

-813

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock Option Exercise Proceeds and Tax Benefits

0

0

0

-23

0

0

1,823

1,004

2,419

520

508

3,126

1,117

1,224

3,935

797

6,433

1,205

269

501

3,151

1,041

3,367

0

994

375

8,277

9,802

1,534

0

235

0

0

-

-

-

-

-

-

-

-

Cash Dividends Paid

2,200

2,048

5,888

5,890

5,943

5,948

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments Related to Shares Withheld for Taxes for Stock Compensation

0

0

55

0

0

25

232

0

21

1,126

0

0

1,739

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Cash Provided by Financing Activities

-29,634

55,009

199,957

-57,820

-109,529

95,472

149,880

-27,460

59,525

68,320

-78,864

72,513

40,086

-50,102

-74,032

35,913

33,665

-80,364

-44,249

71,946

-14,610

-23,250

-11,277

-18,062

-9,002

-55,863

14,313

16,546

-11,352

-73,568

14,454

-838

-3,118

-65,518

-4,747

68,271

-2,500

-152,368

5,439

42,682

4,750

EFFECT OF FOREIGN CURRENCY EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS

-496

226

-300

-54

97

604

-940

0

-2

1,092

1,137

-1,889

162

-1,241

101

-662

-1,284

73

-756

-1,218

-8

-51

498

-185

216

-62

-681

156

513

-2,974

1,777

-2,613

-1,856

2,413

-1,089

611

-1,516

364

-63

-133

461

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

2,183

-6,523

19,138

5,644

-10,422

3,760

-17,858

-22,905

4,201

13,162

4,770

4,367

-46,879

46,123

-16,651

6,372

-64,395

68,696

-1,996

-10,208

-132,770

87,430

9,076

-17,014

-73,269

165,877

4,326

-83,383

-54,450

139,630

2,513

-124,312

-71,395

166,823

11,335

-16,212

-68,861

88,687

4,958

-3,207

10,124