CONAGRA BRANDS, INC. CAG Cash Flow

Conagra brands, inc. (CAG)

CashFlow / Quarterly

Feb'20	Nov'19	Aug'19	May'19	Feb'19	Nov'18	Aug'18	May'18	Feb'18	Nov'17	Aug'17	May'17	Feb'17	Nov'16	Aug'16	May'16	Feb'16	Nov'15	Aug'15	May'15	Feb'15	Nov'14	Aug'14	May'14	Feb'14	Nov'13	Aug'13	May'13	Feb'13	Nov'12	Aug'12	May'12	Feb'12	Nov'11	Aug'11	May'11	Feb'11	Nov'10	Aug'10	May'10	Feb'10	Nov'09	Aug'09	May'09	Feb'09	Nov'08	Aug'08
Cash flows from operating activities:
Net income
204,700	261,500	174,300	125,200	242,600	132,400	178,200	70,300	363,700	224,500	153,300	151,900	180,200	125,900	190,000	120,900	206,300	159,300	-1,152,400	211,500	-952,700	15,900	484,500	-321,400	236,900	252,400	147,200	194,000	123,400	216,500	252,200	-83,500	280,700	183,100	94,100	256,200	215,100	201,800	146,300	-22,100	228,700	239,200	165,200	174,900	193,200	168,500	442,400
Loss from discontinued operations, net of tax
-	-	-	-	-	-	-	-300	14,500	400	-300	-1,700	700	11,600	91,400	237,500	134,900	153,000	-1,319,800	286,000	-1,163,600	-202,800	388,300	-376,700	47,100	5,700	13,800	88,600	500	-1,000	-400	6,400	0	0	100	-4,500	-10,600	600	3,000	-30,600	7,700	1,400	2,200	31,200	1,400	-3,600	334,800
Income from continuing operations
-	-	-	-	-	-	-	70,600	349,200	224,100	153,600	153,600	179,500	114,300	98,600	-116,600	71,400	6,300	167,400	-74,500	210,900	218,700	96,200	55,300	189,800	246,700	133,400	105,400	122,900	217,500	252,600	-89,900	280,700	183,100	94,000	260,700	225,700	201,200	143,300	8,500	221,000	237,800	163,000	143,700	191,800	172,100	107,600
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization
99,100	96,700	96,700	100,400	92,300	76,600	63,700	63,600	64,400	64,300	64,700	68,200	66,300	66,300	67,200	67,900	69,400	49,500	91,700	800	92,400	95,400	96,000	-72,900	135,100	152,600	139,800	120,500	112,800	94,100	91,200	93,800	90,600	95,000	91,500	96,600	90,100	88,400	85,800	83,100	81,500	80,700	78,800	68,200	81,800	78,700	76,200
Gain on sale of businesses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	39,400	0	-300	-19,400
Asset impairment charges
7,600	38,900	67,000	90,800	700	1,800	500	5,300	600	2,800	6,000	121,400	10,000	47,800	164,100	54,200	6,700	1,100	600	11,300	17,300	6,100	1,300	84,400	19,700	12,700	2,100	400	15,200	4,300	300	700	500	300	7,100	-	-	-	-	56,000	-11,200	500	19,100	-	-	-	-
Loss (gain) on divestiture
-700	200	-1,700	56,200	0	-100	13,300	0	0	0	0	0	-100	-700	198,200	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of fixed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-200	-	0	-1,500	-1,300	-	800	1,900	-5,000
Insurance recoveries recognized related to Garner accident
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-107,300	-300	-500	-1,300	-13,100	-4,000	-7,300	-33,700	-	-	-	-
Receipts from insurance carriers related to Garner accident
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-47,600	-6,000	-7,900	-3,000	-	-	-	-	-	-	-	-
Loss on sale of fixed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings of affiliates in excess of distributions
1,700	14,300	-200	-2,600	-2,700	23,100	3,000	-18,300	2,500	20,600	30,000	-18,600	-1,800	16,500	6,900	15,400	-31,300	7,700	33,900	-56,600	4,300	28,000	24,400	-16,300	4,000	500	-1,800	-100	6,400	6,600	-1,200	6,600	-200	9,000	2,200	19,900	-4,100	-100	-2,600	-200	5,300	1,600	1,800	17,500	-4,600	800	3,700
Stock-settled share-based payments expense
8,000	10,800	10,200	11,200	3,800	7,300	11,400	11,200	9,000	9,500	8,200	8,000	9,800	10,800	7,500	12,300	12,800	7,500	9,200	-9,600	10,300	18,100	14,500	-700	13,400	15,100	17,000	14,200	25,000	14,700	13,100	6,600	10,800	12,100	12,300	10,300	11,800	14,300	8,400	14,300	14,800	14,700	12,000	12,600	10,500	10,200	12,600
Non-cash interest income on payment-in-kind notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,800	18,500	7,000	21,100	20,000	19,800	59,900	11,800	-18,000	-12,600
Contributions to pension plans
3,600	4,000	3,400	3,200	3,600	3,700	4,200	302,900	3,600	2,300	3,800	153,200	3,900	2,900	3,000	2,200	3,300	3,300	2,700	3,300	3,400	3,200	2,800	4,600	3,600	5,600	4,500	5,100	4,600	6,300	3,800	249,400	5,500	68,500	3,000	13,700	3,700	1,900	110,100	102,900	2,600	14,400	2,700	-	-	-	-
Pension benefit
-12,600	-7,500	-5,700	-1,700	-7,200	-6,900	-6,900	-17,400	-17,200	-8,900	-12,600	-5,200	4,400	-10,200	-10,400	344,300	21,700	-7,900	0	-8,800	-2,300	-2,300	-2,300	5,800	-2,200	-2,300	-2,200	7,000	5,100	5,300	6,100	403,200	6,200	6,200	6,200	-	-	-	-	-	-	-	-	-	-	-	-
Other items
1,200	13,500	-2,600	-13,100	2,900	15,100	7,400	-3,000	-34,800	-1,700	5,500	9,100	1,600	12,200	11,700	28,300	39,000	-11,600	-2,100	9,500	500	-8,300	23,000	-20,100	5,500	3,300	-8,200	28,500	-26,600	-9,600	-1,500	-3,900	17,400	-3,400	-15,700	-282,600	187,500	34,800	24,000	-65,700	3,400	19,200	17,700	30,200	10,500	-15,200	-12,700
Change in operating assets and liabilities excluding effects of business acquisitions and dispositions:
Receivables
-91,100	170,000	-41,700	-39,300	-78,100	167,600	18,900	-21,100	-84,000	96,100	13,700	-55,200	-98,700	64,000	-14,800	57,500	700	34,700	63,900	-49,400	-127,700	92,200	16,600	-58,400	-125,800	164,200	-30,400	39,400	-97,100	74,100	35,800	-50,400	-60,500	52,000	63,100	-25,600	-25,200	45,800	2,200	-1,600	20,000	-2,400	74,100	-46,000	70,800	1,200	-100,800
Inventories
-125,400	32,000	198,000	-65,000	-88,200	-39,900	115,100	-27,000	-40,700	-7,900	138,400	-88,300	-67,200	-51,100	83,300	-131,200	-99,900	51,900	113,100	-181,700	-146,100	299,000	92,100	-175,500	-217,500	213,100	172,600	-290,900	-98,900	185,200	148,500	-187,400	-58,400	216,800	12,100	-120,900	-41,600	204,900	148,300	-167,300	-141,700	143,900	-34,500	260,800	125,400	-223,200	-116,000
Deferred income taxes and income taxes payable, net
10,300	-900	23,900	-44,400	-21,400	31,500	-49,400	-20,700	105,500	36,800	-132,100	83,300	47,900	31,800	-215,300	104,900	59,800	104,300	-4,100	-18,600	-7,100	-36,500	17,000	-29,400	60,800	-92,400	-14,200	-58,300	-70,900	116,100	-113,300	98,600	-6,800	-36,200	-48,900	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other current assets
7,600	-9,100	16,100	-900	-1,200	-2,900	24,100	-8,700	5,600	-6,600	6,500	-6,800	-8,000	-5,000	4,800	-2,600	-10,500	13,300	-11,000	-34,500	83,500	-16,500	-13,500	-28,000	92,800	-65,900	600	-19,400	52,400	-53,600	33,900	-13,400	-26,300	31,200	3,000	-24,900	76,100	-21,300	-37,800	72,100	-23,500	-44,500	15,900	-295,600	128,700	-101,600	97,700
Accounts payable
-90,900	113,000	94,300	53,800	-54,600	-11,400	50,400	43,700	-31,100	64,500	67,800	57,700	-58,400	15,200	56,500	-13,700	-94,400	-62,000	51,800	9,700	-245,000	148,400	71,400	-51,600	-221,600	206,100	63,900	-25,500	-182,300	172,800	53,300	-15,700	-249,400	238,500	108,900	33,700	-56,200	126,400	81,100	-7,600	-49,400	173,500	-42,600	-19,000	-211,600	77,100	171,000
Accrued payroll
1,900	35,700	-77,600	9,100	-7,800	68,800	-70,000	22,900	8,800	32,400	-72,100	19,100	24,000	25,700	-121,200	44,700	25,900	53,600	-55,300	12,800	200	15,000	32,300	20,200	-6,100	9,300	-117,200	16,200	101,300	16,800	-30,100	1,500	35,600	9,700	1,600	-23,900	24,400	-7,800	-131,900	27,000	53,600	35,400	-19,100	17,900	1,300	28,100	-108,600
Other accrued liabilities
66,000	-131,600	48,200	-65,500	61,000	5,900	-10,800	-29,200	-1,200	17,500	-19,300	-32,300	-51,000	-32,000	400	-24,000	-3,700	82,900	-900	-26,800	-7,200	5,300	-33,600	-31,700	-40,200	-7,400	47,500	-11,900	-76,600	-28,300	50,100	-35,500	8,600	-24,700	40,600	-96,500	11,600	-36,200	135,500	-46,400	-3,400	-46,400	155,800	41,200	-99,000	-96,000	104,500
Net cash flows from operating activities — continuing operations
-	-	-	-	-	-	-	111,600	403,400	263,200	141,500	332,000	342,900	252,300	208,300	351,200	257,700	-47,300	63,900	261,900	291,400	126,100	160,300	234,000	330,400	410,000	145,800	589,500	300,300	152,900	327,600	268,200	289,000	175,500	312,000	408,500	617,300	210,000	104,200	298,000	447,500	408,400	276,100	547,600	318,200	-84,200	198,200
Net cash flows from operating activities — discontinued operations
-	-	-	-	-	-	-	300	18,200	21,500	-5,500	-8,300	-38,600	-36,000	117,600	169,400	128,800	306,300	29,200	502,200	31,400	58,000	73,300	366,600	81,900	-20,400	20,300	41,000	2,800	1,800	-3,700	4,400	500	-700	3,100	3,900	3,500	300	4,600	68,200	1,800	-13,800	-13,500	-47,300	-78,800	-94,000	-635,700
Net cash flows from operating activities
479,000	220,500	207,000	369,200	494,400	167,200	94,700	111,900	421,600	284,700	136,000	323,700	304,300	216,300	325,900	520,600	386,500	259,000	93,100	764,100	322,800	184,100	233,600	600,600	412,300	389,600	166,100	630,500	303,100	154,700	323,900	272,600	289,500	174,800	315,100	412,400	620,800	210,300	108,800	366,200	449,300	394,600	262,600	500,300	239,400	-178,200	-437,500
Cash flows from investing activities:
Additions to property, plant and equipment
81,600	77,100	106,600	117,000	102,800	47,200	86,100	75,700	52,500	80,800	42,600	83,600	40,200	60,200	58,100	106,400	60,700	8,800	101,600	-4,100	83,000	67,200	90,400	-14,100	143,000	158,200	174,000	136,600	106,900	80,700	98,400	96,600	78,600	64,900	95,600	119,000	136,200	81,900	129,100	122,700	119,800	122,400	117,400	107,800	100,000	114,800	106,300
Sale of property, plant and equipment
2,900	4,800	1,000	3,800	1,000	500	17,200	500	600	2,900	4,000	700	1,200	9,300	2,000	16,300	3,200	3,300	12,900	-15,400	13,100	500	1,800	25,000	2,900	8,400	3,700	10,400	3,700	2,000	1,900	2,200	1,800	1,900	3,800	17,700	-11,900	12,100	1,000	84,000	2,100	900	1,400	-1,400	4,300	2,000	12,800
Purchase of marketable securities
10,100	10,900	16,900	61,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sale of marketable securities
13,200	11,700	18,200	52,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of businesses, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-54,000	-700	0	75,400	0	300	39,600	0	1,100	4,749,100	0	268,600	-	-	-	-	100	-5,000	6,300	129,700	100,500	0	0	3,000	0	4,000	45,900	30,400
Proceeds from divestitures, net of cash divested
52,400	139,000	0	249,300	0	1,900	30,300	0	0	0	0	0	-100	2,800	486,300	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-100	400	29,400
Purchase of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,400	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	57,500	-	-	-	-	-	-	-	-	-	-	-	-
Other items
-3,500	200	3,200	-11,000	0	0	-100	-200	-4,300	0	0	-	-	-	-	-	-	-	-	100	0	402,900	-402,900	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-700	-200	-100	-900
Receipts from insurance carriers related to Garner accident
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-100	16,600	-1,000	2,500	-	-	-	-	-	-	-	-
Net cash flows from investing activities - continuing operations
-	-	-	-	-	-	-	-	-	-	-	-295,200	-39,000	-156,300	430,200	-90,100	-57,500	-5,200	-99,100	42,600	-69,200	-78,200	238,900	39,100	-140,400	-189,400	-170,300	-131,800	-4,852,600	-80,200	-365,100	-	-	-	-	-101,500	268,000	-77,100	-255,300	-32,800	-89,300	-110,900	-119,000	-108,500	-99,600	-158,200	-93,600
Net cash flows from investing activities - discontinued operations
-	-	-	-	-	-	-	-	-	-	-	0	0	-65,400	-58,300	-38,900	2,550,900	-106,300	-26,400	-216,400	-31,200	-20,800	92,700	-101,100	-24,100	62,000	-7,300	-33,000	-1,800	-1,100	-200	-	-	-	-	9,300	0	-3,400	248,900	-6,000	-1,600	-600	4,900	-7,500	5,800	-400	2,253,200
Net cash flows from investing activities
-19,700	67,300	-107,500	138,300	-101,800	-5,164,000	-38,500	-75,000	-135,100	-327,500	-38,600	-295,200	-39,000	-221,700	371,900	-129,000	2,493,400	-111,500	-125,500	-173,800	-100,400	-99,000	331,600	-62,000	-164,500	-127,400	-177,600	-164,800	-4,854,400	-81,300	-365,300	-463,600	-388,400	-63,000	-149,300	-92,200	268,000	-80,500	-6,400	-38,800	-90,900	-111,500	-114,100	-116,000	-93,800	-158,600	2,159,600
Cash flows from financing activities:
Net short-term borrowings (repayments)
400	-55,500	55,000	1,000	-900	-304,200	26,800	-75,000	285,200	-256,400	295,300	24,400	-2,900	-3,900	-3,300	-1,000	-166,800	172,100	5,200	-421,500	-108,700	-14,500	407,300	-3,900	-88,000	-48,500	97,200	183,900	1,100	-272,000	232,000	-	-	-	-	-	-	-	-	-	-	-	-	-181,500	-111,200	279,700	-565,300
Issuance of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	550,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of long-term debt
455,000	5,100	205,800	455,600	455,800	3,061,300	0	-	-	-	-	2,200	506,500	1,900	553,900	3,300	2,265,400	252,000	2,500	200	2,000	2,500	1,486,700	497,900	20,500	48,400	2,300	1,162,200	877,600	17,300	16,900	8,000	7,500	345,600	2,500	2,600	2,400	250,900	38,400	3,400	3,400	6,300	2,700	954,600	3,600	15,700	41,800
Debt issuance costs and bridge financing fees
0	0	0	0	8,200	51,900	35,100	100	300	2,600	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of intangible asset financing arrangement
0	0	13,600	0	0	0	14,000	0	0	0	14,400	0	0	0	14,900	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of Conagra Brands, Inc. common shares
-	-	-	-	-	-	-	107,300	280,000	280,000	300,000	405,400	424,500	84,500	85,600	0	0	0	0	-	-	-	-	0	0	69,100	30,900	0	6,400	163,600	75,000	-	-	-	-	162,600	462,400	100,000	100,000	-	-	-	-	0	0	0	900,000
Cash dividends paid
103,400	103,400	103,300	103,200	86,700	83,300	83,000	84,600	86,100	88,300	83,300	86,100	109,500	109,900	109,500	109,000	108,500	107,900	107,100	107,000	106,500	106,200	105,500	105,400	105,100	105,600	104,800	104,100	101,300	97,400	97,900	99,800	99,100	95,400	94,300	97,800	100,300	87,900	88,500	88,800	88,700	84,200	85,000	85,000	85,000	86,100	92,100
Exercise of stock options and issuance of other stock awards, including tax withholdings
5,000	2,400	-3,100	5,700	-400	-1,300	-2,400	1,900	9,000	1,600	2,400	7,200	19,200	14,800	32,600	43,800	45,400	25,600	93,600	16,000	58,600	28,100	27,100	16,300	17,100	7,400	62,900	77,200	94,300	92,100	10,800	13,900	110,500	33,100	55,700	29,700	8,400	10,700	10,900	36,000	30,400	2,400	-14,100	0	0	300	5,800
Other items
-100	900	0	-300	900	1,900	-1,900	-	-	-	-2,300	-	-	-	-	-	-	-	-1,400	10,200	-5,600	-1,000	-5,900	-4,500	-800	300	500	800	700	1,300	200	-	-	-	-	100	2,200	100	-300	1,700	800	2,200	-800	-2,700	10,200	-8,500	-100
Net cash flows from financing activities - continuing operations
-	-	-	-	-	-	-	-	-	-	-	-462,100	-1,026,100	-185,400	-734,600	-60,900	-2,495,300	-160,800	-12,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-233,200	-554,500	-428,000	-216,300	-154,500	-60,900	-85,900	-102,600	-233,700	-189,600	189,700	-1,593,500
Net cash flows from financing activities - discontinued operations
-	-	-	-	-	-	-	-	-	-	-	0	0	842,200	-3,100	700	-10,900	6,200	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-100	-100	-100	-200	-200	100	0	0	0
Net cash flows from financing activities
-553,100	-160,700	-270,800	-555,600	-551,300	5,366,300	-109,600	-38,900	-237,500	-123,400	-107,100	-462,100	-1,026,100	656,800	-737,700	-60,200	-2,506,200	-154,600	-12,200	-543,400	-200,800	-96,300	-613,700	-595,500	-197,300	-263,900	22,600	-1,004,500	4,798,200	286,100	53,200	-308,300	-8,300	-491,900	-41,100	-233,200	-554,500	-428,000	-216,400	-154,600	-61,000	-86,100	-102,800	-233,600	-189,600	189,700	-1,593,500
Effect of exchange rate changes on cash and cash equivalents and restricted cash
800	200	-600	2,500	-1,400	-2,000	200	-2,900	-100	-1,200	9,700	1,400	1,900	-3,500	0	500	500	-1,400	-1,600	-1,100	-6,200	-600	-900	800	-4,000	200	-800	-1,100	100	800	1,700	-1,900	4,900	-8,600	-1,900	2,500	3,400	2,500	1,700	-5,200	-2,000	3,500	800	4,300	100	-17,200	-3,900
Net change in cash and cash equivalents and restricted cash
-93,000	127,300	-171,900	-45,600	-160,100	367,500	-53,200	-4,900	48,900	-167,400	0	-432,200	-758,900	647,900	-39,900	331,900	374,200	-8,500	-46,200	45,800	15,400	-11,800	-49,400	-56,100	46,500	-1,500	10,300	-539,900	247,000	360,300	13,500	-501,200	-102,300	-388,700	122,800	89,500	337,700	-295,700	-112,300	167,600	295,400	200,500	46,500	155,000	-43,900	-164,300	124,700