CENTRAL GARDEN & PET CO CENTA Cash Flow

Central garden & pet co (CENTA)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Sep'18	Jun'18	Mar'18	Dec'17	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10
Cash flows from operating activities:
Net income
86,889	86,469	92,647	101,069	96,265	99,309	-	124,120	117,556	108,908	98,391	98,391	79,730	70,034	63,811	61,997	45,585	47,083	39,540	30,085	33,015	33,220	19,431	16,940	9,821	-8,908	164	1,635	-900	11,610	21,026	20,033	22,113	20,996	14,399	24,793	28,382	0	0	0
Adjustments to reconcile net income to net cash used by operating activities:
Depreciation and amortization
52,915	51,616	50,828	49,638	49,143	48,388	-	47,199	46,217	44,660	43,873	43,873	42,719	42,089	42,143	40,978	40,001	37,913	35,091	34,271	33,703	34,174	35,083	35,925	35,781	35,493	34,133	33,272	32,968	31,507	31,720	30,997	30,425	30,326	29,408	28,965	28,566	0	0	0
Amortization of deferred financing costs
1,837	1,820	1,832	1,832	1,831	1,829	-	1,748	1,630	1,513	1,397	1,397	1,361	1,361	1,412	1,428	1,504	1,155	1,245	1,889	1,996	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash lease expense
0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
17,216	16,020	14,700	13,477	11,971	11,752	-	11,600	11,478	11,357	11,108	11,093	11,100	10,476	10,057	8,825	8,356	8,414	8,209	8,941	8,315	7,283	6,784	7,490	7,678	9,766	12,696	16,096	15,892	14,659	11,620	7,220	7,510	7,069	7,643	7,693	7,447	0	0	0
Excess tax benefits from stock-based awards
-	-	-	-	-	-	-	-	-	-	15,590	-	19,946	19,348	18,854	10,325	6,869	6,195	2,984	3,014	2,154	761	528	367	498	465	420	485	388	1,288	1,971	1,881	1,881	1,092	732	904	945	0	0	0
Deferred income taxes
5,581	5,219	6,659	18,489	15,974	14,262	-	-4,833	-13,078	-10,504	-8,503	-8,503	10,789	1,304	2,203	2,719	3,189	21,455	18,615	17,063	15,566	4,544	4,951	5,687	5,548	-5,065	-4,321	-3,692	-3,233	11,546	11,945	12,182	14,411	22,547	25,350	30,782	25,289	0	0	0
Unrealized losses on derivative financial instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-328	-497	-539	83	0	0	0	-	-	-	-
Gain on sale of property and equipment
-7	50	0	-76	5	-60	-	0	2,164	2,101	1,973	1,973	2,050	3,236	2,512	2,625	2,544	-126	107	58	0	0	0	0	-	-	-	-	0	-282	-595	-312	-180	-12	-140	-176	-110	0	0	0
Write-off of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,337	3,337	3,337	3,874	537	537	537	0	1,731	1,731	1,731	1,731	0	0	0	0	-	-	-	-	-	-	-	-
Gain on sale of facility
-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other
-1,471	-396	570	1,173	1,854	-528	-	-1,840	-5,490	-5,898	-4,021	-4,021	-3,999	-2,038	-2,047	-1,785	-987	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in assets and liabilities (excluding businesses acquired):
Accounts receivable
-619	-8,080	-1,485	20,908	33,962	5,985	-	28,741	59,793	47,812	41,187	41,187	32,419	33,554	204	-5,298	-27,444	-7,139	-7,859	26,007	9,093	9,414	-2,835	-2,050	-2,655	-32,026	553	-7,785	-8,185	-2,237	13,148	11,381	6,841	-11,141	-17,322	-3,316	-37	0	0	0
Inventories
-5,463	26,887	3,696	4,081	16,752	22,971	-	15,087	13,394	10,075	6,459	6,459	15,885	17,938	35,074	13,096	6,519	-12,266	-25,923	-17,170	-4,403	-24,551	-23,545	-31,170	-69,698	-52,840	-33,797	29,564	61,697	78,156	55,185	31,507	164	-8,776	-1,005	11,982	31,683	0	0	0
Prepaid expenses and other assets
5,922	-997	2,643	-10,248	-3,698	13,256	-	3,803	23,219	14,347	-1,831	-1,831	-2,845	-12,182	-12,071	-12,584	-6,901	-6,992	-5,742	-4,376	4,325	8,525	8,900	2,055	176	-6,298	-9,130	-4,052	-2,624	-489	1,257	-5,872	-7,549	8,264	7,579	13,549	3,339	0	0	0
Accounts payable
26,998	33,318	30,473	19,678	-543	8,633	-	-1,163	-6,157	528	-10,947	-10,947	-2,143	8,135	7,833	5,666	-2,793	-14,478	-28,816	-21,443	-4,757	60	-3,181	6,817	-16,321	-23,008	-23,936	-10,539	-23,866	-13,508	15,556	8,717	9,805	9,636	-14,340	1,248	7,404	0	0	0
Accrued expenses
-1,754	2,172	12,261	2,956	2,570	2,117	-	-20,096	24,605	32,668	24,892	24,892	35,018	7,051	2,188	4,192	11,234	-9,436	12,278	-5,017	1,485	20,578	2,034	5,594	8,442	-2,808	2,225	-1,272	-7,781	-18,380	-45	17,018	4,955	14,479	-9,099	-20,184	-9,956	0	0	0
Other long-term obligations
194	41	306	-2,422	140	184	-	1,053	863	550	440	440	-889	2,873	426	688	1,083	-938	1,214	1,081	853	-473	-530	-1,900	-2,306	-440	-683	702	-886	-2,181	-902	-472	1,190	981	208	-627	-361	0	0	0
Operating lease liabilities
0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used by operating activities
191,635	180,152	204,974	189,154	128,751	145,125	-	114,112	89,423	116,593	103,409	103,409	114,309	104,491	106,027	138,594	151,426	120,435	135,127	71,116	87,449	114,213	87,989	112,310	126,467	106,027	73,839	29,768	-28,282	-40,443	20,451	57,649	89,169	116,665	63,783	49,789	51,008	0	0	0
Cash flows from investing activities:
Additions to plant, property and equipment
36,762	33,616	31,577	31,730	34,581	37,497	-	37,845	34,575	35,431	39,877	39,877	44,659	45,223	41,621	35,334	27,622	23,356	23,800	23,217	22,030	21,626	18,174	15,865	17,173	19,345	19,032	22,524	25,172	32,196	38,788	38,432	39,592	38,302	34,718	35,439	31,563	0	0	0
Businesses acquired, net of cash acquired
-	-	-	-	-	-	-	91,244	83,836	107,210	43,838	-	103,880	106,921	60,142	60,514	69,001	91,285	91,285	106,913	38,384	0	0	0	-	-	-	-	4,835	4,835	4,835	4,835	0	875	1,105	24,278	25,307	0	0	0
Proceeds from the sale of business, facility and other assets
-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in restricted cash and cash equivalents.
-	-	-	-	-	-	-	-	-	-	1,438	-	-	-1,029	-958	-958	-2,247	-562	-637	-7,751	-1,126	12,590	12,583	19,690	14,283	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Investments
4,700	935	2,010	2,758	4,242	3,992	-	9,048	9,048	17,050	17,050	17,050	12,495	11,495	2,000	2,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from short-term investments.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17,820	3,600	3,600	3,600	4,885	0	0	0	-4,885	0	0	0	-	-	-	-
Investment in short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	17	10,017	10,017	10,012	10,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities
1,584	1,540	1,515	1,293	933	1,595	-	2,745	4,275	5,140	5,290	5,290	4,355	2,915	1,625	795	730	607	715	746	546	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-73,070	-77,252	-76,263	-81,406	-78,765	-134,328	-	-140,882	-137,399	-170,474	-112,906	-111,397	-162,842	-157,212	-92,251	-85,814	-91,195	-110,787	-115,163	-113,133	-49,854	-32,959	-44,433	-42,892	-35,181	-30,836	-15,432	-18,924	-25,122	-37,031	-43,623	-43,267	-44,477	-38,544	-35,190	-59,084	-56,237	0	0	0
Cash flows from financing activities:
Repayments on revolving line of credit
-	-	-	-	-	-	-	23,000	159,000	460,000	574,000	574,000	552,000	416,000	356,000	383,000	419,000	419,000	419,000	349,000	312,000	312,000	256,000	233,000	301,000	448,000	442,000	433,000	368,000	221,000	209,000	250,000	339,000	464,000	719,000	760,000	668,000	0	0	0
Borrowings on revolving line of credit
-	-	-	-	-	-	-	23,000	119,000	359,000	574,000	574,000	552,000	456,000	355,000	341,000	419,000	419,000	406,000	391,000	312,000	312,000	276,000	233,000	278,000	388,000	393,000	432,000	391,000	281,000	236,000	191,000	304,000	414,000	719,000	820,000	703,000	0	0	0
Repayments of long-term debt
9,786	46,190	46,193	46,198	36,537	458	-	431	402	374	396	396	463	533	611	309	400,307	400,303	400,293	450,289	50,289	50,301	50,305	363	367	357	365	324	332	344	346	346	353	380	380	348	335	0	0	0
Issuance of long-term debt
-	-	-	-	-	-	-	300,000	300,000	300,000	300,000	300,000	0	0	0	0	400,000	400,000	400,000	400,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock, net of offering costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	2,719	1,924	1,153	1,165	647	599	716	613	1,398	2,208	2,034	2,129	1,530	1,430	1,535	1,675	0	0	0
Excess tax benefits from stock-based awards
-	-	-	-	-	-	-	-	-	-	15,590	-	19,946	19,348	18,854	10,325	6,869	6,195	2,984	3,014	2,154	761	528	367	498	465	420	485	388	1,288	1,971	1,881	1,881	1,092	732	904	945	0	0	0
Payment of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Repurchase of common stock, including shares surrendered for tax withholding
107,261	85,481	62,974	18,651	9,063	11,576	-	13,797	14,844	15,857	22,411	22,411	27,556	27,098	29,323	17,619	10,873	8,905	3,055	15,922	18,497	20,163	18,572	5,673	2,332	1,296	1,201	2,805	2,731	4,303	5,594	3,890	24,829	48,276	77,907	116,712	108,727	0	0	0
Payment of contingent consideration liability
0	0	-	0	0	0	-	-	0	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distribution to noncontrolling interest
-	-	-	-	-	-	-	1,597	1,597	1,597	1,598	1,598	1,019	1,019	1,019	1,018	592	592	592	592	1,680	1,680	1,680	1,680	633	633	633	633	629	629	629	629	0	0	0	0	1,500	0	0	0
Payment of financing costs
2,311	2,221	1,352	0	5	212	-	4,770	4,770	4,765	4,558	4,558	0	0	1,198	1,236	7,560	7,818	6,620	6,582	258	0	3	105	3,090	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used by financing activities
-119,685	-134,161	-110,765	130,565	149,830	183,171	-	474,783	240,846	182,658	286,094	286,094	-10,392	27,494	-16,893	-54,419	-14,165	-13,091	-21,596	-28,359	-68,370	-68,664	-48,108	-6,301	-27,759	-64,264	-53,267	-6,546	20,309	57,434	24,431	-12,353	-8,575	-48,482	-29,404	-55,676	-73,997	0	0	0
Effect of exchange rate changes on cash and cash equivalents
-143	406	-250	-123	-190	-195	-	-50	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in cash, cash equivalents and restricted cash
-1,263	-30,855	17,696	238,190	199,626	193,773	-	447,963	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes on cash and equivalents
-	-	-	-	-	-	-	-	-	-	288	-	-	-300	-540	-786	-668	-398	-485	-206	-317	-595	-253	-240	-7	437	324	-178	-224	-177	-256	273	327	-173	-94	-57	-203	0	0	0
Net increase (decrease) in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	276,885	-	-	-25,527	-3,657	-2,425	45,398	-3,841	-2,117	-70,582	-31,092	11,995	-4,805	62,877	63,520	11,364	5,464	4,120	-33,319	-20,217	1,003	2,302	36,444	29,466	-905	-65,028	-79,429	0	0	0
Supplemental information:
Cash paid for interest
42,868	42,729	42,702	44,644	44,565	36,824	-	36,664	27,100	27,663	27,601	27,601	27,878	27,630	27,826	28,185	32,995	49,825	37,188	56,851	39,855	41,952	42,193	39,399	41,549	42,133	43,100	44,957	42,960	42,568	41,962	40,721	40,930	39,227	39,403	38,249	37,936	0	0	0
Cash paid for income taxes – net of refunds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0
Capital expenditures incurred but not paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0	-	-	-	0
Repurchased shares settled but not paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0