Beazer homes usa inc (BZH)
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'10
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent

10,614

2,746

2,429

11,602

-100,862

7,311

60,605

13,409

11,558

-130,947

33,654

7,123

-7,535

-1,429

-854

5,782

-1,234

999

356,255

12,175

-1,996

-22,340

59,847

-12,355

-7,971

-5,138

11,948

-5,788

-19,640

-20,388

-66,233

-39,884

-39,948

739

-43,176

-59,120

-53,755

-48,808

Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization

3,627

3,427

5,847

3,242

2,900

2,770

4,578

3,656

3,066

2,507

4,870

3,307

3,155

2,677

4,360

3,387

3,056

2,991

4,719

3,497

2,781

2,341

4,141

3,400

2,831

2,907

4,023

2,953

3,093

2,715

4,174

3,753

3,194

2,424

3,675

2,942

2,124

1,967

Stock-based compensation expense

899

2,311

2,533

3,699

2,180

2,114

2,566

2,484

2,598

2,610

832

2,810

2,341

2,176

2,115

2,057

2,031

1,756

1,589

1,630

1,541

1,375

708

613

657

609

583

637

854

784

817

703

1,229

1,279

571

1,295

2,393

2,911

Inventory impairments and abandonments

0

0

0

0

147,611

1,007

6,331

168

0

450

1,693

470

282

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventory impairments and abandonments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,917

1,825

1,356

2,860

249

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventory impairments and option contract abandonments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31

404

0

2,025

221

1,718

6,364

1,172

3,535

7,220

9,364

17,860

921

Deferred and other income tax expense (benefit)

4,170

-228

7,513

-2,366

-38,322

-4,070

-18,817

4,084

873

107,795

3,082

4,930

-4,627

-2,707

15,284

4,885

-4,584

318

-325,629

32

2

-765

-12,606

95

-60

-19

64

92

-475

-102

-2,404

-100

-213

-36,065

5,204

-100

-150

65

Write-off of deposit on legacy land investment

-

-

-

-

-

-

-

-

-

-

0

0

0

2,700

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of fixed assets

48

63

90

67

40

35

144

93

49

65

171

51

26

46

64

73

49

771

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in allowance for doubtful accounts

-4

9

-54

-15

-5

0

-14

46

17

-1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-156

-

-6

-235

51

41

-1,905

224

3

144

178

-26

9

Change in allowance for doubtful accounts

-

-

-

-

-

-

-

-

-

-

-

-

-157

-4

-512

-6

-49

-131

-240

-13

38

22

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity in income of unconsolidated entities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-51

60

-

-

-

-

-

-

-

-

-

-

68

36

-

-

-

-

-

-

-

-

Excess tax benefit from equity-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,040

-2,027

-1,557

Equity in income of unconsolidated entities

147

-13

88

299

81

-65

-202

158

259

-88

168

178

33

22

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

329

47

-3

-106

-

-

-

-

Equity in (income) loss of unconsolidated entities and marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

153

-1,748

142

-

-81

-17

319

-

-

-

-

-

-

-

-

-

-

-

-

Equity in loss of unconsolidated joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-103

63

Cash distributions of income from unconsolidated entities

56

0

-1

84

5

320

0

215

66

50

33

132

0

6

66

66

33

0

125

65

0

34

-1

55

456

56

0

0

136

200

0

0

0

0

412

1

-1

38

Non-cash loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

3,173

-

0

3,676

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

175

201

1,967

Changes in operating assets and liabilities:
Decrease in accounts receivable

1,131

-6,947

6,054

1,786

-868

-5,298

-3,619

-2,132

-1,604

-4,520

-3,339

-3,982

-8,173

-1,433

-13,191

10,296

4,999

-1,955

7,257

8,989

3,602

-2,091

5,397

88

7,620

-1,424

-4,118

990

1,453

-1,166

-370

-3,006

-6,042

-333

-3,738

-1,873

6,664

-5,092

Decrease in income tax receivable

-12

-303

0

0

0

0

-

-

-

-

-292

92

0

-4

71

0

-48

-150

157

216

0

0

-

-

-

-

-267

567

0

-3,859

3,974

-1

-682

-1,742

1,988

12

-3,142

-1,719

Increase in inventory

20,163

68,999

-199,399

67,981

58,769

29,722

-126,495

89,621

49,478

83,205

-112,681

20,739

10,488

39,543

-164,326

-9,030

16,160

28,168

-123,469

63,404

77,331

104,434

-30,844

104,106

93,814

63,062

26,596

119,346

1,704

38,703

-88,699

-4,105

12,111

-12,097

-96,217

56,122

46,924

47,566

Decrease in other assets

-1,085

-1,978

-1,099

3,812

-1,606

-1,430

-2,169

6,383

-1,662

-1,252

-1,802

5,516

-1,640

-1,906

-934

4,851

-1,786

-1,660

-2,122

5,066

-1,620

-1,159

-1,918

4,114

-1,894

-1,594

-1,347

2,264

-1,730

-1,093

-1,465

1,978

-5,935

-1,485

-1,900

378

-3,106

-663

Increase (decrease) in trade accounts payable

27,085

-20,999

-21,289

27,038

25,539

-26,568

-22,159

25,992

19,608

-5,949

-15,676

18,870

13,560

-17,444

-5,275

10,893

17,161

-32,144

-13,524

26,219

34,999

-40,392

21,802

12,544

11,386

-23,295

4,175

17,390

6,173

-13,206

-4,205

18,526

8,552

-26,300

3,474

30,022

6,889

-21,108

Increase (decrease) in other liabilities

12,562

-11,975

-8,898

19,848

-10,758

-14,610

-1,902

26,785

-5,203

-4,502

-10,601

17,123

-19,189

-12,541

-4,541

-3,713

18,893

-27,760

12,976

-1,175

9,891

-11,432

24,193

-154

17,329

-28,366

20,687

-14,224

18,932

-24,982

23,110

-18,908

13,543

-32,448

20,051

-18,048

16,378

-36,342

Other changes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-58

-75

-75

-49

-62

-98

-95

-144

-100

-56

130

-23

-32

-22

10

-17

434

-37

-408

-65

Net cash used in operating activities

38,617

-84,530

207,840

-11,171

-28,344

-54,690

188,314

-17,291

-13,961

-102,224

144,770

32,154

-9,228

-62,834

193,894

29,016

17,964

-77,849

157,091

-35,224

-30,384

-172,532

129,124

-101,541

-74,174

-113,878

23,552

-121,858

11,117

-87,453

85,567

-26,386

-8,939

-71,087

98,682

-90,906

-49,669

-137,043

Cash flows from investing activities:
Capital expenditures

2,846

2,632

4,991

4,857

5,154

6,354

3,126

5,702

4,490

3,702

3,779

2,984

2,803

2,874

2,501

3,701

3,354

2,663

4,208

4,278

4,544

2,934

5,569

2,343

3,441

3,200

4,189

2,703

2,097

1,772

2,246

2,629

3,852

8,636

8,380

7,133

2,596

2,405

Proceeds from sale of fixed assets

70

66

-

68

40

54

-

93

49

84

-

52

28

46

-

78

34

2,437

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments in unconsolidated entities

-

-

-

-

-

-

0

0

0

421

256

594

1,014

1,397

1,103

351

1,008

1,779

2,293

981

526

1,144

651

1,374

1,029

2,164

2,505

974

285

115

332

1,265

333

477

161

332

325

1,106

Proceeds from Equity Method Investment, Distribution, Return of Capital

-

19

-

-

-

0

-

-

-

-

0

0

0

1,621

0

1

-1

1,142

0

34

24,211

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increases in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,909

651

1,119

-

1,319

1,042

1,445

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decreases in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,342

22,723

669

-

6,677

21,965

294

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increases in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,493

1,860

728

-

744

766

278

1,581

791

216

672

765

215,992

1,263

32,819

Decreases in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

295

250

551

-

1,473

5,479

2,083

20,103

6,404

62

489

8,031

2,686

869

1,395

Net cash used in investing activities

-2,795

-2,547

-4,834

-4,789

-9,202

-6,300

-60,235

-5,609

-4,265

-4,039

-3,864

-3,526

-3,789

-2,604

-23,584

-5,540

17,743

-1,313

-31,631

133

40,064

-5,229

-9,682

-10,728

-6,080

-5,541

190,419

-2,948

2,763

-82

16,114

1,731

-3,911

-9,296

-1,275

-220,771

-3,315

-34,935

Cash flows from financing activities:
Repayment of debt

0

1,150

554,215

17,271

3,583

1,479

120,956

12

16

401,481

17,263

966

253,682

2,525

588,909

31,091

181,295

26,926

6,639

2,420

2,126

7,388

2,517

300,338

2,712

2,035

-708

2,112

181,417

1,902

287,018

470

1,377

1,522

1,621

13,591

14,468

185,696

Proceeds from issuance of new debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-1

1

246,387

Proceeds from issuance of new debt

-

-

-

-

-

-

-

0

0

400,000

-

0

250,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of borrowings from credit facility

0

95,000

190,000

85,000

75,000

75,000

150,000

50,000

25,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings from credit facility

220,000

125,000

85,000

115,000

125,000

100,000

150,000

50,000

25,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of cash secured loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

214,777

0

32,591

Debt issuance costs

0

0

5,737

0

0

400

529

0

94

5,649

162

36

4,381

340

8,701

94

2,038

413

0

0

0

126

-14

5,478

-6

32

613

300

3,499

1,136

10,571

177

0

97

42

0

70

5,060

Repurchase of common stock

3,327

0

0

10,620

7,504

16,500

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

99

0

64

Tax payments for stock-based compensation awards

15

2,646

80

3

36

1,850

1,813

242

1

1,322

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Settlement of unconsolidated entity debt obligation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

500

0

0

0

15,862

-

-

-

-

Stock option exercises and other financing activities

31

-1,885

-

-

271

7

-

-

-

0

-

-15

-1

-387

216

-15

-222

-201

-30

2

27

-199

733

-53

20

-413

-35

-96

0

-26

-1,410

-26

-57

-15

-

-

-

-

Excess tax benefit from equity-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,040

-2,027

-1,557

Net cash provided by financing activities

216,689

24,319

-164,996

2,106

39,148

4,778

-123,296

-205

-98

-8,452

-17,413

-1,017

-8,064

-3,252

-93,144

-31,200

-45,655

-27,540

-26,669

17,582

-2,099

-7,713

-1,770

19,131

-2,686

-2,480

-7,858

-2,508

15,084

-3,564

154,498

-757

-2,646

-17,496

-1,649

204,126

-16,564

86,601

Increase (decrease) in cash, cash equivalents, and restricted cash

252,511

-62,758

38,010

-13,854

1,602

-56,212

4,783

-23,105

-18,324

-114,715

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in cash, cash equivalents, and restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-21,081

-68,690

-

-7,724

-9,948

-106,702

98,791

-17,509

7,581

-185,474

117,672

-93,138

-82,940

-121,899

206,113

-127,314

28,964

-91,099

256,179

-25,412

-15,496

-97,879

95,758

-107,551

-69,548

-85,377