Caleres inc (CAL)
CashFlow / Quarterly
Feb'20Nov'19Aug'19May'19Feb'19Nov'18Aug'18May'18Feb'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11
Operating Activities
Net earnings (loss)

9

27,761

25,227

9,085

-75,427

29,155

23,611

17,180

20,300

34,373

17,674

14,884

-6,196

34,725

19,679

17,878

11,578

33,992

16,863

19,391

16,191

33,237

18,039

15,476

6,161

27,284

15,283

-10,832

4,003

24,287

-2,714

1,628

-8,176

33,693

-4,768

3,641

Adjustments to reconcile net earnings (loss) to net cash provided by operating activities:
Depreciation

11,702

11,355

11,523

11,434

12,351

11,278

10,847

11,064

11,445

11,480

11,718

11,156

11,288

9,806

9,306

9,019

8,976

8,952

8,942

8,558

8,968

8,872

8,678

8,484

9,388

9,009

8,833

8,803

9,103

8,647

8,325

8,104

9,489

9,277

9,644

8,921

Amortization of capitalized software

1,576

1,617

1,560

1,733

1,854

2,957

2,641

2,684

3,412

3,543

3,683

3,560

3,418

3,223

3,205

3,161

3,205

2,978

3,046

3,094

3,114

3,156

3,157

3,235

22,775

-3,261

-3,191

-3,276

23,365

-3,386

-3,276

-3,283

-3,144

-3,678

-3,330

-3,327

Amortization of intangibles

3,300

3,300

3,200

3,300

3,100

1,600

1,263

1,037

1,041

1,013

1,013

1,033

947

919

919

920

919

919

920

930

988

987

988

988

1,508

1,508

1,507

1,726

1,748

1,698

1,845

1,893

1,955

2,140

2,140

2,066

Amortization and accretion of debt issuance costs, debt discount and mandatory purchase obligation

7,827

3,682

916

791

600

656

522

432

465

432

432

432

431

431

432

432

294

256

316

301

515

628

629

628

628

629

627

629

676

629

627

629

581

594

564

599

Share-based compensation expense

1,313

2,391

3,228

3,314

2,190

3,561

4,479

3,575

2,904

2,590

3,093

2,711

1,759

1,637

2,342

1,987

2,043

1,768

1,993

1,687

1,622

1,607

1,406

1,555

1,501

1,131

1,318

1,617

1,713

1,501

1,831

1,444

517

2,109

1,344

1,663

Excess tax benefit related to share-based plans

-

-

-

-

-

-

-

-

-

-

-

-

-1,013

16

85

3,163

-398

211

437

2,401

-1,553

385

328

1,769

858

-217

836

1,962

55

151

-15

753

1,371

82

-884

431

Loss on disposal of property and equipment

-595

-325

-413

-136

-624

-920

-568

-284

-284

-533

-341

-130

-193

-353

-440

-79

-240

306

2,110

-213

-210

-628

-453

-319

-737

-769

-123

-68

-926

-819

-902

-456

-710

-396

-146

-308

Impairment charges for property, equipment, and lease right-of-use assets

762

2,151

1,760

1,194

1,625

1,107

465

468

780

876

1,170

949

673

377

71

465

1,282

622

483

374

734

523

434

291

564

113

593

366

1,651

-650

375

2,756

804

321

203

543

Deferred rent

0

0

0

0

2,920

-466

-719

44

1,637

1,413

-1,346

243

-2,428

-1,244

-724

-222

-3,275

-2,250

460

-1,699

-2,171

-1,011

808

1,225

-1,045

-1,352

-565

-1,920

-2,997

-1,343

375

2,615

468

616

682

551

Impairment of assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

4,660

-

-

-

-

-

-

-

-

Disposition/impairment of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,042

-12,554

-

-

-

-

-

-

-

-

Provision for doubtful accounts

72

-112

723

117

74

302

-218

342

948

58

203

91

820

459

-77

182

118

262

188

-88

1,418

250

-8

56

212

57

24

307

-38

-610

58

950

722

140

87

335

Changes in operating assets and liabilities, net of acquired amounts:
Receivables

5,972

-11,585

19,962

-43,117

-3,822

10,076

23,033

-26,652

20,654

-10,615

36,791

-46,002

8,193

-4,325

27,221

-36,522

5,590

4,180

17,892

-10,224

-153

12,983

19,730

-23,385

17,185

-8,220

24,968

-16,363

-12,921

3,934

-5,410

-13,587

-1,000

3,377

14,293

9,628

Inventories

-25,948

-147,332

148,342

-38,492

-5,462

-83,769

129,643

11,264

-29,640

-122,924

154,980

-20,515

8,752

-123,619

161,564

-60,532

3,388

-96,563

143,757

-45,312

-12,590

-89,378

144,763

-35,144

3,672

-71,445

129,848

-17,223

-6,100

-81,886

108,614

-49,251

-18,248

-41,659

95,767

-39,362

Prepaid expenses and other current and noncurrent assets

13,889

-92

-3,899

6,935

-3,724

4,974

1,407

3,407

32,986

7,268

2,856

-11,014

7,893

2,680

-8,361

-16,438

-3,558

579

9,268

2,365

18,852

-1,644

928

1,917

-10,546

376

7,025

-653

22,719

-14,988

3,513

-6,377

26,593

-19,632

-8,979

-268

Trade accounts payable

-8,569

-172,858

162,636

-27,315

123

-107,769

128,656

-3,774

48,862

-178,810

177,250

-41,142

41,944

-146,819

169,597

-48,648

37,474

-182,379

210,704

-43,918

15,457

-138,535

145,955

-31,081

25,884

-109,865

123,493

-26,561

39,304

-110,881

111,936

-8,268

13,245

-114,821

124,391

-9,155

Accrued expenses and other liabilities

-9,272

-9,898

19,702

-27,836

-1,785

-7,426

22,118

6,443

-24,341

7,189

25,235

-5,836

2,368

-3,066

17,278

-31,631

323

19,764

-484

-21,468

5,766

12,680

18,390

-16,694

-19,459

12,119

13,294

-1,565

-7,677

1,152

15,061

1,900

9,293

-10,411

3,349

-37,348

Other, net

423

470

126

-682

291

-1,187

-562

-325

-36

-154

365

128

64

-98

-3

765

124

163

1,604

371

2,976

-687

-1,456

-492

1,381

-377

3,820

-3,284

1,765

53

-760

-724

-1,441

197

114

-1,125

Net cash provided by operating activities

25,049

29,159

66,668

49,910

35,179

3,403

39,660

51,347

69,114

7,981

48,896

65,384

46,619

28,439

43,404

65,160

65,102

-17,205

79,341

21,914

50,310

2,011

30,108

36,383

42,047

26,496

9,528

25,961

54,414

24,163

39,462

79,898

35,468

-30,845

39,806

3,657

Investing Activities
Purchases of property and equipment

7,179

10,613

8,298

18,443

27,239

16,685

10,630

7,929

10,356

10,113

13,273

10,978

7,504

15,576

11,076

16,367

26,135

22,472

11,967

12,905

8,421

13,020

16,130

7,381

6,080

10,091

20,430

7,367

16,720

14,935

18,524

5,622

5,582

7,592

7,616

7,067

Capitalized software

726

809

1,167

2,917

911

554

1,517

1,434

1,927

1,379

1,762

1,390

3,367

1,894

1,958

1,820

2,313

2,724

1,743

955

1,237

1,135

1,469

1,245

1,520

1,077

1,598

1,040

2,492

2,480

1,570

1,386

2,000

1,609

4,458

2,640

Acquisition of trademarks

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

130,130

0

-65,065

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

313,272

-156,636

Cash recognized on initial consolidation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,121

Net proceeds from sale of subsidiaries, inclusive of note receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

67,847

1,500

-

-

-

-

-

-

-

-

Net cash used for investing activities

-7,905

-11,422

-8,829

-21,360

-35,382

-362,672

-28,940

-9,363

-12,283

-11,492

-15,035

-12,368

-270,803

-17,470

-13,034

-18,187

-28,448

-24,874

-6,599

-13,860

462

-21,155

-17,599

-73,691

-7,600

-11,168

45,819

-6,907

-19,212

-22,415

-20,094

-7,008

-7,582

46,149

-12,074

-163,222

Financing Activities
Borrowings under revolving credit agreement

51,500

88,000

65,000

84,000

0

360,000

0

0

4,000

50,000

205,000

195,000

520,000

0

0

103,000

81,000

31,000

0

86,000

126,000

285,000

205,000

251,000

163,000

281,000

302,000

383,000

223,000

248,000

169,000

165,000

185,000

445,000

206,000

759,500

Repayments under revolving credit agreement

71,500

93,000

83,000

101,000

15,000

10,000

0

0

24,000

65,000

255,000

220,000

410,000

0

0

103,000

81,000

31,000

0

86,000

140,000

271,000

205,000

258,000

156,000

304,000

345,000

422,000

228,000

254,000

177,000

242,000

206,000

473,000

244,000

669,500

Dividends paid

2,791

2,823

2,861

2,947

2,924

3,006

3,030

3,023

2,994

3,003

3,005

3,025

3,010

3,005

3,021

3,068

3,058

3,060

3,062

3,073

3,064

3,063

3,057

3,053

3,032

3,025

3,021

3,027

3,004

3,002

3,006

2,999

2,941

2,938

3,093

3,104

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

600

4,594

1,234

Acquisition of treasury stock

2,256

1,173

29,995

0

40,483

0

0

3,288

0

0

0

5,993

0

0

11,009

12,130

0

0

0

4,921

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock under share-based plans, net

-39

-58

-5,106

2,559

-54

47

-7,487

3,122

-6,293

-13

68

2,422

-17

119

-63

4,149

691

9,034

-677

-3,751

-680

760

280

-803

3,210

374

-710

-2,070

160

198

90

-2,148

184

41

209

484

Excess tax benefit related to share-based plans

-

-

-

-

-

-

-

-

-

-

-

-

-1,013

16

85

3,163

-398

211

437

2,401

-1,553

385

328

1,769

858

-217

836

1,962

55

151

-15

753

1,371

82

-22

-431

Other

-320

-328

-300

-394

-292

-114

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used for) provided by financing activities

-24,406

-7,882

-51,144

-22,900

-60,051

346,927

-4,273

-9,433

-24,333

-17,990

-53,073

-36,440

105,994

-3,108

-13,882

-16,184

-4,147

-845

-9,134

-9,344

-21,029

12,082

-2,449

-9,087

8,086

-25,868

-45,895

-42,135

-7,789

-8,653

-10,931

-81,394

-21,961

-34,445

-19,368

85,715

Effect of exchange rate changes on cash and cash equivalents

-22

46

128

-72

-37

-51

-44

-117

170

-62

338

-92

87

-155

-293

594

-654

-123

-593

217

-1,420

-734

148

517

-2,393

-191

-984

-473

-74

392

-832

614

-194

-1,461

-40

1,531

Increase (decrease) in cash and cash equivalents

-7,284

9,901

6,823

5,578

-60,291

-12,393

6,403

32,434

32,668

-21,563

-18,874

16,484

-118,103

7,706

16,195

31,383

31,853

-43,047

63,015

-1,073

28,323

-7,796

10,208

-45,878

40,140

-10,731

8,468

-23,554

27,339

-6,513

7,605

-7,890

5,731

-20,602

8,324

-72,319