Clearwater paper corp (CLW)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (Loss) Attributable to Parent

10,300

1,960

-10,973

-387

3,800

-187,805

34,444

6,961

2,600

80,885

863

8,037

7,515

9,343

901

20,864

18,446

11,565

23,064

15,597

5,757

-27,247

6,253

12,453

6,226

82,862

13,317

11,658

-882

19,852

19,064

21,489

3,726

11,502

8,645

13,923

5,604

Adjustments to reconcile net income to net cash flows provided by (used in) operating activities:
Depreciation and amortization

28,000

29,257

31,990

28,553

25,800

26,214

25,342

25,177

25,167

25,532

25,856

26,055

27,557

25,169

22,747

22,024

21,150

21,888

21,204

20,632

21,008

23,606

22,293

22,015

22,231

22,688

22,180

23,253

22,151

20,856

19,199

19,730

19,548

19,825

19,569

18,870

18,669

Stock-based compensation expense

1,500

1,141

889

1,270

800

455

2,502

-438

781

-

-

-

17

2,559

2,110

5,544

2,172

2,062

476

850

1,169

3,589

2,291

2,431

4,479

3,202

2,177

796

4,785

2,022

4,050

2,551

1,080

3,017

2,117

1,046

1,954

(Decrease) increase in accrued property, plant and equipment

-

-

-

-

-

-

-10,394

87,542

1,317

-

-

-

-443

-3,506

6,675

2,382

-5,223

37

-22

753

4,434

2,356

4,743

577

-1,489

-12,324

970

5,056

2,213

-

-

-

-

-

-

-

-

Impairment of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,078

890

0

4,259

0

0

0

0

-

-

-

-

-

-

-

-

Deferred tax expense

1,800

5,723

-11,203

4,280

900

3,170

1,281

2,889

-240

-55,202

6,711

3,516

4,375

5,998

3,655

4,309

4,365

28,484

-9,923

-1,150

-1,330

918

3,038

8,684

1,173

15,307

-294

3,230

-12,614

-387

477

904

11,876

2,466

1,658

8,652

2,001

Employee benefit plans

800

-

-

-

0

-

-

-

-

-2,101

-816

-1,395

-788

-1,479

2,061

-1,172

-1,389

889

684

629

809

512

624

91

888

2,330

2,703

2,405

2,693

2,669

2,657

2,358

1,682

10,645

2,082

1,773

2,397

Gain on divested assets

1,400

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred issuance costs on debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

213

214

268

268

178

277

4,915

474

475

474

473

473

3,544

502

387

560

561

-

-

-

-

Non-cash additions to plant, property, and equipment

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Disposal of plant and equipment, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-383

-837

-302

30

-212

-325

7

-429

-1,458

-35

0

0

-502

0

-1,048

-453

-

-

-

-

Other non-cash activity, net

900

1,776

1,516

-192

-600

1,416

-326

-238

648

2,026

-198

417

655

-

-

-

151

-2,143

144

1,969

-990

-477

149

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Increase (Decrease) in Accounts Receivable

37,300

-

-

-

23,100

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in working capital, net

-

-

-

-

-

-

28,915

-35,073

-1,244

-

-20,104

-24,831

1,089

7,507

-17,439

3,846

9,548

630

13,838

-25,852

-3,457

-942

28,008

-20,474

5,656

15,069

-43,852

33,937

9,868

-9,847

-28,813

-6,849

-15,772

53,391

5,789

29,949

-3,117

(Increase) decrease in taxes receivable, net

-

-

-

-

-

-466

-2,036

-10,035

-1,463

5,731

9,098

1,368

-5,597

2,075

6,890

65

-14,172

14,851

0

0

-1,255

-1,354

-4,231

1,860

-5,523

2,123

-530

-2,371

-9,547

8,910

-1,895

-695

4,508

-2,382

225

12,157

-10,354

Increase (Decrease) in Inventories

-40,900

-

-

-

21,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (Decrease) in Other Current Assets

9,000

-

-

-

8,800

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (Decrease) in Accounts Payable, Trade

-13,000

-

-

-

-10,800

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (Decrease) in Employee Related Liabilities

-10,900

-

-

-

-11,900

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (Decrease) in Other Accrued Liabilities

-100

-

-

-

13,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from equity-based payment arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,415

2,389

1,116

343

-644

1,508

0

0

-

-

-

-

6,644

3,400

3,648

2,145

-

-

-

-

Increase (Decrease) in Accrued Taxes Payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7,772

414

-3,177

-3,201

635

-117

3,643

580

511

652

710

Funding of qualified pension plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,618

1,561

998

7,068

4,575

4,314

2,439

7,978

1,607

3,026

3,002

2,100

0

15,525

2,698

1,300

0

8,500

Other, net

-500

2,175

-1,051

-724

2,600

922

-626

-493

-803

1,739

-525

-2,613

1,699

-1,007

190

-462

-408

-402

-594

-399

-1,327

1,044

-1,407

-537

-443

331

345

-598

361

729

606

-2,562

2,280

1,705

-4,286

3,501

2,275

Net cash provided by operating activities

12,100

71,835

-30,957

44,122

-29,400

47,801

10,211

80,028

30,860

26,524

48,577

58,061

45,538

33,868

42,468

47,393

49,022

52,120

19,645

59,858

28,052

37,169

7,018

59,643

35,270

44,817

69,568

8,458

13,514

38,110

72,283

49,857

38,443

-3,908

27,411

6,311

38,581

CASH FLOWS FROM INVESTING ACTIVITIES
Change in short-term investments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-250

-9,750

-50,000

49,000

-39,000

50,000

-59,000

0

-11,000

-19,000

9,000

-5,000

65,000

-17,000

17,000

-5,000

-30,001

-30,000

-6,999

-48,095

14,000

Additions to plant and equipment

10,500

14,306

17,375

36,819

71,600

121,666

95,434

30,170

48,430

63,050

50,941

43,462

42,247

49,835

48,120

26,439

30,955

50,441

22,923

30,298

25,240

38,999

21,417

16,373

16,239

36,193

22,987

11,942

19,471

48,411

54,446

59,398

41,521

46,818

22,952

40,807

23,492

Net proceeds from divested assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

17

80

1

506

242

114

159

460

0

0

0

0

-

-

-

-

-

-

-

-

Payments for (Proceeds from) Other Investing Activities

-

-

-

-

-

7

0

-39

-768

-147

-336

-49

-368

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used for investing activities

-10,500

-14,320

-17,365

-36,815

-71,600

-121,703

-24,504

-30,131

-47,662

-62,903

-50,605

-43,413

-41,879

-117,242

-48,120

-26,439

-30,705

-40,674

27,157

-79,297

14,266

18,983

37,697

-16,214

-4,779

-17,193

-31,987

-6,942

-84,471

-40,675

-71,446

-53,363

-11,520

-3,992

-15,953

7,288

-37,492

CASH FLOWS FROM FINANCING ACTIVITIES
Purchase of treasury stock

-

-

-

-

-

-

-

-

-

25

0

0

4,875

13,799

16,360

7,507

27,661

15,685

47,157

0

37,148

0

25,678

44,990

29,332

24,217

15,799

9,818

50,166

9,295

1,886

7,469

0

-

-

-

-

Borrowings of short-term debt

88,500

14,423

97,950

146,527

290,400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of short-term debt

48,800

58,985

275,955

123,760

199,000

287,546

158,391

45,238

73,825

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of Long-term Debt

1,100

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from long-term debt, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

275,000

0

0

0

0

-

-

-

-

Repayment of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

150,000

0

0

0

0

0

15,215

0

380

Proceeds from Lines of Credit

-

-

-

-

-

-

-

-

-

-

68,000

26,000

91,000

-

467,675

353,882

123,287

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of Lines of Credit

-

-

-

-

-

-

-

-

-

-

66,000

48,000

96,000

-

454,663

359,887

117,282

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

55

56

4,723

0

2

0

0

-

-

-

-

Payment, Tax Withholding, Share-based Payment Arrangement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

43

1,023

81

0

3,048

731

0

0

792

658

1,978

0

2,195

269

0

2

12,963

902

0

28

1,470

Excess tax benefits from equity-based payment arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,415

2,389

1,116

343

-644

1,508

0

0

-

-

-

-

6,644

3,400

3,648

2,145

-

-

-

-

Other, net

-800

1,030

-283

-447

-700

453

-310

-178

-365

-273

-13

-124

-790

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,938

157

1,910

873

Net cash (used for) provided by financing activities

37,800

-45,363

14,343

22,320

90,700

19,153

39,690

-8,678

13,135

44,602

1,987

-22,124

-10,665

106,044

-3,412

-13,787

-21,699

-19,253

-44,850

1,108

-39,853

-42,399

-53,618

-44,990

-30,124

-24,878

-17,832

-9,874

67,916

-4,420

1,512

-3,823

-10,818

-4,940

-25,061

1,882

-977

Increase (decrease) in cash, cash equivalents and restricted cash

39,400

12,152

-33,979

29,627

-10,300

-54,749

25,397

41,219

-3,667

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property acquired under capital lease

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

996

3,038

8,653

SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:
Cash paid for interest, net of amounts capitalized

19,200

-389

22,362

1,327

15,100

-1,349

13,155

367

13,927

233

13,557

-108

14,418

-550

13,872

-503

13,871

-234

14,149

-60

14,340

0

14,871

13,359

6,188

13,359

6,462

13,360

2,966

17,720

-4,088

16,454

0

21,292

88

22,123

92

Income Taxes Paid, Net

0

-

-

-

-200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

208

198

-97

52

Cash and Cash Equivalents, Period Increase (Decrease)

-

-

-

-

-

-

-

-

-

-

-41

-7,476

-7,006

22,670

-9,064

7,167

-3,382

-7,807

1,952

-18,331

2,465

13,753

-8,903

-1,561

367

2,746

19,749

-8,358

-3,041

-6,985

2,349

-7,329

16,105

-12,632

-13,405

15,384

164

Cash paid for income taxes

-

-

-

-

-

2,035

148

1,375

142

333

38

2,123

206

1,605

5,165

10,143

742

16,963

10,856

5,512

2,518

655

1,985

3,202

1,009

856

320

1,113

967

979

6,300

8,404

3,036

3,040

4,576

24,925

10,544

Cash received from income tax refunds

-

-

-

-

-

817

202

11,408

1,873

1,612

338

99

5,551

746

37

172

10,334

429

75

1,550

479

1,371

6,326

37

4,133

757

24

165

631

613

0

1,007

600

4,526

0

130

29,152

Increase in accrued plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,670

-

-

-

-700