CHURCH & DWIGHT CO., INC. CHD Cash Flow

Church & dwight co., inc. (CHD)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	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	Sep'10	Jun'10	Mar'10
Cash Flow From Operating Activities
Net Income
229,800	144,400	157,300	138,500	175,700	142,800	146,300	121,700	157,800	405,600	133,400	72,900	131,500	110,400	124,000	111,600	113,000	109,100	120,400	73,700	107,200	106,600	115,900	88,800	102,600	92,200	107,900	86,600	107,700	80,800	93,900	79,300	95,800	63,800	79,600	82,600	83,600	47,000	69,400	74,300	80,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense
16,000	15,900	16,000	16,100	15,800	16,800	16,200	15,000	16,400	15,800	15,400	14,900	14,800	14,700	14,300	14,700	16,000	14,200	14,500	15,000	14,600	13,800	13,900	14,700	14,700	14,800	14,100	15,000	15,800	15,800	13,700	13,700	12,800	11,500	12,700	13,000	12,600	10,200	11,300	11,300	11,300
Amortization expense
30,200	30,600	31,000	28,200	22,800	18,900	19,300	19,200	19,300	18,000	17,000	15,000	14,500	12,700	11,500	11,800	11,900	10,500	10,400	10,400	11,400	9,700	8,100	8,200	8,100	7,800	7,500	7,700	7,800	9,800	6,400	6,400	6,400	6,900	6,800	6,800	6,800	7,000	6,700	6,900	6,900
Deferred income taxes
8,100	-500	100	3,200	2,800	6,600	3,300	3,700	-2,500	-269,900	21,000	1,900	9,400	5,100	5,600	6,600	7,600	3,600	9,800	4,600	6,000	2,200	1,600	3,700	5,200	-800	6,300	2,800	2,800	-800	6,200	6,300	1,500	21,800	16,800	7,500	13,300	11,100	19,200	4,600	4,000
Equity in net earnings of affiliates
1,600	1,100	2,100	1,700	1,700	2,200	2,500	2,400	2,100	2,900	2,700	3,100	2,100	2,500	2,500	2,500	1,700	2,600	3,500	3,200	2,300	3,700	3,400	2,900	1,600	1,400	1,900	-1,100	600	1,600	2,400	2,400	2,500	1,700	2,900	3,200	2,200	1,400	800	1,500	1,300
Distributions from unconsolidated affiliates
1,300	1,500	2,200	900	700	2,500	3,200	2,300	2,100	2,100	3,700	1,800	2,500	1,900	3,700	1,400	2,000	2,200	4,400	2,700	2,700	4,100	4,100	2,100	2,200	3,200	1,000	1,400	2,100	1,900	2,100	4,000	2,300	2,700	3,000	3,200	1,600	2,400	3,300	600	2,400
Non-cash compensation expense
2,700	3,100	2,700	12,600	2,400	3,500	3,900	12,800	3,100	3,200	2,600	10,300	2,000	1,900	1,800	6,500	5,800	1,900	1,800	10,700	1,700	2,000	2,200	10,500	2,300	2,400	2,300	10,600	1,700	1,800	1,700	7,400	1,500	1,300	1,300	6,600	1,800	1,700	2,000	6,300	1,800
Gain on sale of assets
3,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,000
Other
-2,100	6,600	-3,200	-4,200	700	-700	-1,600	300	1,000	900	400	900	-500	2,900	100	-300	-900	-600	-4,300	2,700	-3,500	-2,100	-1,300	1,100	-900	-900	200	-1,500	-300	700	300	-300	400	-800	-500	1,600	-500	-	-	-	-1,400
Change in assets and liabilities:
Accounts receivable
8,300	-32,600	4,500	1,300	36,000	-13,800	12,400	-6,500	11,300	-30,600	33,500	-4,400	11,200	25,900	-12,900	4,900	-5,200	-53,600	-2,800	900	22,000	6,800	-15,200	-3,600	13,800	6,800	-6,300	-200	30,900	-7,500	4,600	7,200	4,700	6,300	-5,700	19,700	15,000	-20,600	3,200	5,900	24,200
Inventories
-15,200	26,700	-10,800	2,000	15,900	-5,400	21,400	15,600	23,500	-7,900	3,000	8,800	21,300	-25,700	-2,800	600	8,700	2,000	8,900	12,400	15,200	-11,800	-8,800	4,500	14,300	-7,500	1,200	-1,100	14,700	-21,600	-3,800	15,200	11,300	-20,300	13,800	600	14,900	-22,500	-18,100	3,400	13,100
Other current assets
5,000	1,600	-5,600	-400	-500	5,700	-30,100	800	4,700	-16,700	-3,900	6,900	3,500	900	-4,900	200	1,700	4,700	-1,900	-2,100	1,300	2,700	-15,900	11,100	2,700	-2,000	-15,700	15,200	4,000	0	400	-3,500	1,100	4,300	-2,400	-2,400	6,600	-200	-4,100	-1,300	3,700
Accounts payable and accrued expenses
-74,000	71,000	-4,900	65,900	-59,200	11,100	29,900	46,500	-32,600	27,900	16,600	33,700	-47,900	31,700	-1,300	25,600	-5,500	24,900	-15,700	15,100	-2,500	5,000	8,500	16,600	-27,700	14,200	58,400	8,700	-13,400	24,900	-2,000	15,900	-8,100	6,800	19,700	24,400	-23,500	-2,100	49,300	-7,200	-17,300
Income taxes payable
54,000	-11,500	26,500	-45,900	34,300	-21,300	23,300	-42,600	34,500	-3,800	3,300	-50,000	39,300	-600	33,200	-42,200	42,400	-12,000	21,600	-28,200	48,300	-8,900	12,000	-22,700	37,100	700	3,100	-30,200	2,600	38,300	16,800	-28,800	32,400	-1,800	22,300	-26,600	25,200	14,100	-13,600	-33,700	25,600
Change in fair value of business acquisition liabilities
-27,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit on stock options exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	600	11,200	10,300	7,900	2,200	2,900	2,700	8,000	3,900	2,200	6,300	6,100	3,300	1,600	4,700	3,500	600	1,500	8,300	4,200	1,400	5,400	3,100	2,200	700	2,000	1,500	3,000
Other operating assets and liabilities, net
4,000	9,500	-12,700	5,800	3,600	900	-4,500	-1,200	0	-5,000	2,500	-900	-3,000	16,000	1,100	-900	1,500	1,100	1,000	5,800	-100	500	100	700	4,500	17,700	2,700	-1,600	1,400	-6,900	6,700	-400	6,500	4,900	3,200	-500	-500	-4,200	-2,900	-1,000	5,000
Net Cash Provided By Operating Activities
236,500	247,000	266,300	213,300	137,900	195,600	245,300	167,200	155,500	257,400	174,800	117,800	131,500	160,300	198,500	118,700	177,800	197,300	160,400	104,200	144,200	131,600	201,900	104,400	102,400	123,000	215,600	88,700	72,300	207,700	126,700	75,300	113,900	118,600	147,500	92,200	79,500	139,800	164,900	51,800	72,000
Cash Flow From Investing Activities
Additions to property, plant and equipment
16,800	34,000	16,100	11,900	11,700	30,000	10,800	9,700	9,900	24,100	10,500	7,600	2,800	21,700	10,300	9,300	8,500	17,100	10,700	12,100	21,900	34,300	19,100	10,800	6,300	36,800	10,200	9,700	10,400	24,800	9,700	24,900	15,100	35,800	17,200	16,800	6,800	26,400	16,900	11,300	9,200
Proceeds from sale of assets
7,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	8,200
Acquisitions
-	-	-	-	-	0	0	-100	49,900	0	1,024,700	75,000	160,300	129,800	0	500	175,000	0	0	0	74,900	-400	216,100	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment interest in joint venture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,200	1,300	3,200	4,000	2,900	3,800	3,000	3,200	0	0	0	-	-	-	-
Investment in marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,700	-	-	-	0	-	-	-	-	-	-	-	-
Proceeds from note receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	200	1,100	100	100	200	1,400
Contingent acquisition payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	200	200
Other
1,600	500	500	3,100	700	-200	300	1,600	200	1,000	800	400	-3,800	300	-1,100	-300	600	1,500	1,000	900	1,100	900	400	600	300	6,900	2,000	1,100	0	-800	200	1,000	400	-1,900	700	-300	400	400	500	400	-700
Net Cash Used In Investing Activities
-11,400	-34,500	-16,600	-490,000	-12,400	-29,800	-11,100	-11,200	-60,000	-25,100	-1,036,000	-83,000	-159,300	-151,800	-9,200	-9,500	-184,100	-18,600	-11,700	-13,000	-97,900	-34,800	-235,600	-11,400	-6,600	-38,000	-13,400	7,600	-33,300	-30,300	-662,800	-29,700	-18,500	-42,900	-17,700	-81,100	-6,100	-72,200	-27,400	-81,700	900
Cash Flow From Financing Activities
Long-term debt (repayments)
0	300,000	0	0	300,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	658,000	41,200	41,100	41,100
Short-term debt borrowings, net of (repayments)
719,900	178,600	-37,400	11,800	98,000	700	-109,700	-142,400	-17,400	-46,200	-312,200	43,800	158,800	196,000	-150,900	-70,000	93,800	333,400	-98,700	-150,100	127,100	-257,100	251,300	-400	-500	100	-900	-48,600	-50,000	-700	222,200	32,300	-2,500	-1,300	3,900	0	-90,000	90,000	-1,800	-3,000	-30,100
Proceeds from stock options exercised
9,300	3,000	12,800	21,900	15,100	18,600	29,100	12,500	16,400	4,200	10,600	4,600	22,700	2,500	18,600	16,100	13,300	5,200	7,600	4,400	11,300	8,200	6,600	10,700	7,200	5,800	3,500	6,900	5,800	7,500	2,800	12,300	5,400	6,900	3,500	10,900	5,800	4,500	1,700	4,400	5,400
Excess tax benefit on stock options exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	600	11,200	10,300	7,900	2,200	2,900	2,700	8,000	3,900	2,200	6,300	6,100	3,300	1,600	4,700	3,500	600	1,500	8,300	4,200	1,400	5,400	3,100	2,200	700	2,000	1,500	3,000
Payment of cash dividends
59,000	55,900	56,200	56,100	55,900	53,700	53,400	53,200	53,000	47,200	47,500	47,300	48,400	45,600	45,700	45,600	46,100	43,900	43,900	43,800	43,700	41,500	41,400	42,100	42,500	38,900	38,800	38,900	38,600	33,500	33,500	33,300	34,200	24,300	24,500	24,300	24,300	12,100	12,100	9,900	9,900
Purchase of treasury stock
0	0	150,000	0	100,000	0	0	0	200,000	100,000	0	142,900	157,100	200,000	0	0	200,000	100,000	0	6,900	256,200	43,800	0	175,000	260,000	100	0	-300	50,300	50,000	0	110,100	90,300	80,100	0	0	100	0	0	0	100
Deferred financing and other
100	0	100	1,000	1,500	500	600	800	1,600	500	16,800	600	400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease incentive proceeds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	10,900	0	0	0	0	-	-	-	-	-	-	-	-
Lease principal payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	300	300	200	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-300	-5,000	-	-300	-300	-400	-300	0	100	-200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Used In Financing Activities
670,100	-174,300	-230,900	276,600	-344,300	-34,900	-134,600	-183,900	-255,600	-189,700	855,400	57,600	-24,400	-46,900	-167,100	-89,500	-136,100	-54,700	-132,400	-194,000	-153,900	-35,000	218,700	-200,400	-289,900	-29,800	-34,900	-76,200	-118,900	-76,100	589,200	-90,500	-117,400	-97,400	-12,400	-10,300	-106,400	-331,400	-51,400	-48,100	-72,800
Effect of exchange rate changes on cash and cash equivalents
-4,300	2,800	-2,000	100	0	-2,500	-600	-2,600	1,000	-200	4,700	5,700	3,900	-5,900	-900	-3,200	6,700	-4,600	-8,900	6,300	-15,700	-9,000	-11,700	4,300	-2,800	-3,800	4,100	-5,600	-3,500	500	3,900	-3,300	3,000	-1,900	-5,800	3,500	2,900	-500	3,100	-4,300	-600
Net Change In Cash and Cash Equivalents
890,900	41,000	16,800	0	-218,800	128,400	99,000	-30,500	-159,100	42,400	-1,100	98,100	-48,300	-44,300	21,300	16,500	-135,700	119,400	7,400	-96,500	-123,300	52,800	173,300	-103,100	-196,900	51,400	171,400	14,500	-83,400	101,800	57,000	-48,200	-19,000	-23,600	111,600	4,300	-30,100	-264,300	89,200	-82,300	-500
Cash paid during the period for:
Interest (net of amounts capitalized)
21,900	13,200	22,700	12,900	21,800	14,600	22,200	14,200	23,900	12,900	3,600	12,800	4,000	10,500	2,100	10,500	2,500	13,200	1,300	13,100	1,400	11,500	1,700	11,200	1,300	11,500	1,700	11,700	1,500	5,000	100	4,600	0	4,400	0	4,400	400	13,600	5,500	9,200	1,000
Income taxes
7,400	43,500	4,200	74,800	12,300	45,100	-12,100	72,800	11,000	55,700	40,400	92,100	9,900	53,700	29,900	94,800	10,000	64,100	33,900	73,100	3,700	59,300	32,900	77,600	11,700	48,100	34,000	86,900	50,200	9,600	29,100	66,400	18,700	36,400	6,700	55,300	9,600	3,200	31,000	70,900	15,800
Supplemental disclosure of non-cash investing activities:
Property, plant and equipment expenditures included in Accounts Payable
7,000	1,900	-3,000	5,500	6,000	0	500	100	6,300	-1,500	3,900	-100	5,400	-4,100	3,000	200	4,300	-200	1,000	-800	5,300	2,600	6,800	300	4,800	-2,100	2,000	-200	2,200	-2,400	2,800	-2,800	5,500	-200	1,600	600	4,400	-600	-3,100	400	4,200
Property, plant and equipment expenditures included in other long-term liabilities (related to leasing obligations for new corporate headquarters facility)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,900	10,600	7,700	9,300	17,400	0	0	0	-	-	-	-