CHURCH & DWIGHT CO., INC. CHD Cash Flow

Church & dwight co., inc. (CHD)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Cash Flow From Operating Activities
Net Income
615,900	568,600	743,400	459,000	410,400	413,900	394,400	349,800	309,600	270,700	243,500	195,182
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense
63,800	64,400	60,900	59,700	58,300	57,100	59,700	56,000	49,800	44,100	56,900	45,600
Amortization expense
112,600	76,700	64,500	47,900	42,700	34,100	30,800	29,000	27,300	27,500	28,500	25,804
Deferred income taxes
5,600	11,100	-237,600	24,900	24,000	12,700	11,100	13,200	59,400	38,900	23,100	15,155
Equity in net earnings of affiliates
6,600	9,200	10,800	9,200	11,600	11,600	2,800	8,900	10,000	5,000	12,000	11,334
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-4,500	0	0
Distributions from unconsolidated affiliates
5,300	10,100	10,100	9,000	12,000	12,500	7,700	10,300	10,500	8,700	9,300	11,019
Non-cash compensation expense
20,800	23,300	18,100	16,000	16,100	17,000	17,000	12,400	11,000	11,800	12,700	12,414
Gain on sale of assets
-	-	-	-	-	-	-	-	-	-	-	4,184
Non-cash pension settlement charge
0	0	31,700	0	8,400	0	0	-	-	-	-	-
Asset impairment charge and other asset write-offs
13,800	3,600	2,100	5,600	19,200	6,400	8,400	2,100	3,100	3,900	12,200	11,460
Other
-100	-1,000	1,700	1,800	-5,700	-3,200	-2,500	1,100	-200	900	-3,700	6,428
Change in assets and liabilities:
Accounts receivable
9,200	3,400	9,700	12,700	-33,500	1,800	31,200	9,000	35,300	12,700	-6,200	-26,473
Inventories
33,800	55,100	25,200	-19,200	38,500	-1,800	7,300	1,100	9,000	-24,100	10,500	-2,443
Other current assets
-4,900	-18,900	-10,200	-2,100	2,000	600	1,500	-2,000	6,100	-1,900	400	1,354
Accounts payable and accrued expenses
72,800	54,900	30,300	50,500	21,800	2,400	67,900	30,700	27,400	22,700	12,700	10,040
Income taxes payable
3,400	-6,100	-11,200	32,800	29,700	17,500	-23,800	58,700	19,100	-7,600	17,400	5,131
Change in fair value of business acquisition liabilities
1,300	0	0	-	-	-	-	-	-	-	-	-
Excess tax benefit on stock options exercised
-	-	-	30,000	15,800	18,500	13,100	14,600	12,100	7,200	5,000	6,299
Other operating assets and liabilities, net
6,200	-4,800	-6,400	17,700	7,800	5,800	20,200	5,900	7,100	-3,100	10,000	-7,811
Net Cash Provided By Operating Activities
864,500	763,600	681,500	655,300	606,100	540,300	499,600	523,600	437,800	428,500	400,900	336,167
Cash Flow From Investing Activities
Additions to property, plant and equipment
73,700	60,400	45,000	49,800	61,800	70,500	67,100	74,500	76,600	63,800	135,400	98,319
Proceeds from sale of assets
-	-	-	-	-	-	-	-	-	8,200	30,100	15,616
Acquisitions
475,000	49,800	1,260,000	305,300	74,900	215,700	0	652,300	69,100	126,000	0	383,372
Investment interest in joint venture
-	-	-	-	-	-	-	13,700	3,200	0	0	-
Proceeds from note receivable
-	-	-	-	-	-	-	-	-	1,800	1,300	1,263
Contingent acquisition payments
-	-	-	-	-	-	-	-	-	-	700	1,009
Other
4,800	1,900	-1,600	-500	4,500	2,200	10,000	800	-1,100	600	-600	340
Net Cash Used In Investing Activities
-553,500	-112,100	-1,303,400	-354,600	-141,200	-288,400	-77,100	-741,300	-147,800	-180,400	-104,100	-466,161
Cash Flow From Financing Activities
Long-term debt borrowings
300,000	0	1,621,300	0	0	299,800	0	399,600	0	249,700	0	250,000
Long-term debt (repayments)
600,000	0	200,000	0	250,000	0	0	-	-	781,400	71,500	38,176
Short-term debt borrowings, net of (repayments)
251,000	-268,800	-155,800	68,900	211,700	-6,700	-99,400	251,300	-87,400	55,100	30,900	-111,752
Proceeds from stock options exercised
52,800	76,600	42,100	50,500	28,500	32,700	22,000	28,000	27,100	16,000	10,000	12,724
Excess tax benefit on stock options exercised
-	-	-	30,000	15,800	18,500	13,100	14,600	12,100	7,200	5,000	6,299
Payment of cash dividends
224,100	213,300	190,400	183,000	175,300	167,500	155,200	134,500	97,400	44,000	32,300	23,114
Purchase of treasury stock
250,000	200,000	400,000	400,000	363,100	478,800	50,100	250,400	80,200	100	400	403
Deferred financing and other
2,600	3,500	18,300	6,000	2,600	-	-	-	-	-	-	-
Lease incentive proceeds
-	-	-	-	-	-	-	0	0	-	-	-
Lease principal payments
-	-	-	-	-	-	-	0	0	-	-	-
Deferred financing costs
-	-	-	-	-	4,200	0	3,400	700	6,200	0	8,356
Other
-	-	-	-	-	-400	9,800	0	-	-	-	-
Net Cash Used In Financing Activities
-472,900	-609,000	698,900	-439,600	-535,000	-306,600	-259,800	305,200	-226,500	-503,700	-58,300	87,222
Effect of exchange rate changes on cash and cash equivalents
900	-4,700	14,100	-3,300	-22,900	-19,200	-8,800	4,100	-1,300	-2,300	10,600	-9,038
Net Change In Cash and Cash Equivalents
-161,000	37,800	91,100	-142,200	-93,000	-73,900	153,900	91,600	62,200	-257,900	249,100	-51,810
Cash paid during the period for:
Interest (net of amounts capitalized)
70,600	74,900	33,300	25,600	29,000	25,700	26,400	9,700	9,200	29,300	29,900	43,325
Income taxes
134,800	116,800	198,100	188,400	174,800	181,500	219,200	123,800	108,000	120,900	106,100	89,024
Supplemental disclosure of non-cash investing activities:
Property, plant and equipment expenditures included in Accounts Payable
10,400	6,900	7,700	3,400	5,300	14,500	1,900	3,100	6,400	900	4,800	3,774
Property, plant and equipment expenditures included in other long-term liabilities (related to leasing obligations for new corporate headquarters facility)
-	-	-	-	-	-	-	32,500	17,400	0	0	-
Acquisitions in which liabilities were assumed were as follows:
Fair value of assets
-	-	-	-	-	-	-	825,700	69,100	126,000	0	391,100
Purchase price
-	-	-	-	-	-	-	-652,300	69,100	-	-	-
Liabilities assumed
-	-	-	-	-	-	-	173,400	0	0	0	-