Cimpress plc (CMPR)
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'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09
Condensed Cash Flow Statement [Table]
Operating activities
Net income

-83,500

190,649

19,851

33,195

6,242

69,037

-14,994

-5,639

-1,602

30,623

23,406

-34,513

-42,678

35,022

-30,030

17,169

-35,771

58,991

10,022

-4,892

7,925

62,862

23,417

688

1,341

40,875

412

2,305

5,866

22,960

-1,696

3,851

274

31,697

8,172

14,397

22,917

34,014

10,781

11,650

16,167

26,948

12,976

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

41,840

42,356

42,535

44,217

44,334

44,502

40,718

41,885

43,437

41,299

42,384

42,616

43,402

36,977

35,405

35,401

34,454

31,805

30,258

27,744

22,402

22,895

24,459

22,936

16,881

16,840

15,625

17,332

16,169

16,166

14,658

16,062

16,089

14,169

13,107

12,926

12,747

12,826

12,128

11,665

11,399

10,989

10,314

Realized loss on sale, disposal, or impairment of long-lived assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34

109

11

404

-15

6

140

Amortization of premiums and discounts on short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-20

-60

-83

-

-

-

-

Share-based compensation expense

8,892

8,433

5,414

7,766

7,754

-2,720

8,916

16,748

13,492

13,314

6,912

12,982

12,797

11,277

11,571

5,619

5,897

6,066

6,190

5,311

6,638

6,384

5,742

5,936

5,592

7,873

8,385

8,141

8,170

8,350

8,267

8,411

7,416

4,863

4,723

4,965

5,117

6,224

5,371

5,480

5,143

6,447

5,310

Excess tax benefits derived from share-based compensation awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,344

1,023

319

-

3,480

493

1,494

3,604

-1,607

-380

179

6,037

60

-123

134

-4,065

1,232

169

149

1,395

1,947

2,226

704

Deferred taxes

4,415

104,615

960

2,175

-769

-12,207

3,963

4,487

2,683

-9,720

16,589

3,509

20,341

-655

18,163

27,103

-2,842

-10,988

2,649

6,274

424

4,085

4,157

23,761

-3,360

-5,370

-2,224

12,756

-271

-2,804

-1,055

371

820

-2,748

-253

610

1,100

-26

-70

-

-

-

-

Gain (Loss) on Disposition of Stock in Subsidiary

-

-

-

-

-

-

-

0

95,090

-95,090

47,545

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability

-

-

-

-

-

-

-

0

0

947

827

12,013

4,598

6,746

16,020

0

0

0

0

0

7,512

3,701

3,677

2,192

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss in equity interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-1,058

-867

-779

-887

-580

-318

-125

0

0

0

0

-

-

-

-

-

-

-

-

Non-cash gain on equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2,693

-1,279

0

0

0

0

-

-

-

-

-

-

-

-

Unrealized gain on derivatives not designated as hedging instruments included in net income

12,152

-22,075

14,527

-574

-3,649

3,815

5,766

24,786

-4,705

1,525

-6,066

-14,974

-5,412

6,384

-1,811

7,184

2,897

-3,970

2,052

-9,303

3,953

14

3,468

2,230

1,046

1,155

-4,856

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on monetary assets and liabilities denominated in non-functional currency

2,386

3,669

-5,028

5,640

-3,939

-193

2,856

-14,249

8,064

-4,889

-8,386

-1,525

-6,031

16,273

-3,027

12,371

7,657

-18,622

7,793

-9,477

-2,665

8,485

10,112

235

1,885

-3,037

169

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-cash items

1,891

1,680

1,365

4,467

2,322

1,675

745

2,539

1,312

794

23

-1,237

2,404

1,049

670

2,989

1,265

643

887

1,004

1,354

1,231

541

606

406

90

233

1,204

283

-66

-92

172

82

81

26

-

-

-

-

-

-

-

-

Gain on proceeds from insurance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,272

0

-4,723

1,587

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

-21,990

1,645

6,595

-9,626

1,946

4,575

7,291

-9,573

-1,760

7,617

8,839

-1,267

-2,612

2,095

-2,917

-9,136

3,999

-7,572

5,943

-2,912

-6,086

4,375

2,566

-1,715

-3,707

-1,404

2,818

398

-1,620

3,087

-333

-1,023

-148

2,885

-309

-5,397

1,128

-561

1,376

-857

1,496

307

2,781

Inventory

-2,804

4,270

6,410

-5,450

-377

-1,862

11,316

-5,036

4,747

-1,628

8,985

1,563

2,949

2,967

1,220

1,327

1,771

-4,797

1,710

2,290

-1,055

2,759

497

1,407

-915

687

-124

-634

-1,731

3,753

-863

-462

-1,175

45

442

-3,131

-323

1,490

498

568

-676

1,391

941

Prepaid expenses and other assets

-13,886

2,992

-737

-9,793

-3,079

9,180

-783

2,608

-4,310

-719

4,893

1,868

-16,679

14,961

-671

11,937

-1,875

763

-3,157

9,467

-3,326

2,049

-16,787

6,119

-3,648

8,757

4,108

-3,549

-11,412

4,170

0

-263

-1,463

7,966

-472

8,250

-2,880

-1,230

894

-2,265

-1,990

-8,171

8,634

Accounts payable

-18,842

35,470

-11,038

7,428

-36,432

47,253

1,586

3,334

-25,156

45,225

-1,621

15,424

-11,900

29,760

-7,952

13,174

-8,283

10,259

10,520

1,023

-26,660

15,159

6,452

6,966

3,228

7,586

-2,835

3,835

-11,881

12,141

-3,538

3,701

-1,157

5,074

-1,951

-2,214

-17

4,727

-5,106

185

2,456

-1,645

5,180

Accrued expenses and other liabilities

-51,886

18,720

27,505

-13,579

-17,107

26,831

15,658

-25,504

-54,234

20,347

16,847

-27,427

-16,638

28,521

-5,127

2,793

-13,848

36,858

-11,874

23,613

-23,763

48,782

-7,336

8,350

-23,863

32,917

-16,889

7,335

-28,245

40,293

-7,723

-8,938

-16,630

38,776

6,512

5,678

-9,111

15,809

-1,479

-323

-1,569

10,010

11,589

Net cash provided by operating activities

18,964

202,192

62,905

108,625

16,980

183,270

22,220

47,699

-32,109

160,363

16,379

33,092

8,985

105,059

9,600

52,140

32,903

134,889

27,426

49,608

1,570

138,224

52,620

55,693

3,142

95,027

-123

36,694

8,135

88,533

6,650

19,341

9,620

81,139

30,541

36,306

33,650

73,875

18,802

30,531

32,824

57,897

32,449

Investing activities
Purchases of property, plant and equipment

10,544

13,901

14,193

12,629

19,167

17,741

21,026

13,489

8,767

18,217

20,457

17,241

20,656

16,941

19,319

17,794

19,092

19,156

24,393

25,708

15,153

18,268

16,684

18,123

11,830

24,592

17,577

12,476

11,155

27,609

27,759

13,482

8,493

13,447

10,998

8,181

4,246

10,831

14,147

27,498

22,880

30,878

20,070

Proceeds from the sale of subsidiaries, net of transaction costs and cash divested

-

-

-

-

-

-

-

0

0

0

93,779

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business acquisitions, net of cash acquired

0

0

4,272

0

651

271,269

18,000

0

0

0

110

0

-1,941

206,236

580

1,972

134,908

4,717

22,815

100,807

0

-2,910

25,907

216,384

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

137

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

Purchases of intangible assets

0

0

0

42

0

0

22

0

30

254

24

87

22

62

26

23

51

45

357

49

56

60

85

-86

83

44

75

-1,452

82

361

9

67

41

42

89

-

-

-

-

-

-

-

-

Capitalization of software and website development costs

12,407

10,946

12,471

14,015

12,716

10,688

11,233

11,371

11,362

9,180

8,934

8,629

9,568

10,798

8,312

8,140

6,057

7,217

4,910

4,806

5,068

3,910

3,539

2,410

2,920

2,605

1,814

2,088

2,439

1,839

1,301

1,161

1,411

1,209

1,682

1,634

1,568

1,297

1,791

1,712

1,657

1,472

1,675

Proceeds from the sale of assets

786

177

670

90

27

205

318

401

151

117

217

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,750

-

-

-

-

-

-

-

-

-

-

-

-

Maturities and redemptions of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

529

0

4,430

3,240

1,900

0

0

0

100

Investment in equity interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

4,894

100

0

0

100

12,653

0

0

0

0

-

-

-

-

-

-

-

-

Proceeds from insurance related to investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,549

2,075

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other investing activities

-436

-217

-903

0

-461

447

-395

114

1,947

-1,170

2,173

2,839

-5,500

-442

-785

-3,260

0

775

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

6,003

-24,453

-29,363

-38,612

-32,046

-299,940

-49,568

-24,573

-21,955

-26,364

62,298

-24,283

-22,805

-227,249

-27,452

-26,219

-160,108

-28,811

-50,400

-131,370

-20,277

-19,328

-46,215

-235,958

-19,462

-32,135

-19,429

-14,862

-13,676

-30,421

-39,972

-14,710

-5,798

-199,520

-12,240

-9,872

-1,416

-9,004

-14,038

-29,210

-34,164

-38,846

-21,645

Financing activities
Proceeds from borrowings of debt

409,515

356,300

277,785

214,229

233,440

447,842

245,096

215,487

279,159

131,817

179,532

125,071

165,004

360,000

87,000

82,000

246,009

55,000

214,999

149,000

79,000

39,500

100,000

373,800

42,000

23,500

43,500

34,000

24,500

16,000

39,212

189,000

58,000

161,500

0

-

-

-

-

-

-

-

-

Payments of debt

310,603

218,054

74,392

266,664

206,035

268,305

206,692

318,628

168,687

252,788

234,678

141,631

150,511

165,046

82,725

98,431

96,859

162,014

73,318

69,669

275,358

140,254

103,012

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

4,889

333

334

386

6,399

6,729

Payments of debt issuance costs

4,862

0

0

0

1,258

13

1,458

7,378

0

0

3,251

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of long-term debt and debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

88,967

12,637

-

17,819

44,887

9,008

87,097

78,077

16,145

0

-

-

-

-

-

-

-

-

Payments of withholding taxes in connection with equity awards

40,955

103

359

3,577

277

359

1,766

16,618

982

908

1,190

3,752

1,952

1,315

7,549

1,699

1,522

1,505

2,741

25,054

1,533

1,253

1,511

1,030

4,459

1,279

2,662

1,096

670

624

1,166

1,421

773

880

1,075

1,551

1,694

1,121

1,287

-

-

-

-

Payments of finance lease obligations

2,990

2,645

2,719

4,341

3,942

4,598

4,182

3,839

4,317

4,804

4,658

3,858

5,215

3,538

3,276

3,796

3,760

4,194

2,183

1,435

1,473

1,581

1,261

1,297

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits derived from share-based compensation awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,344

1,023

319

-

3,480

493

1,494

3,604

-1,607

-22

-179

6,037

60

-123

134

965

1,232

169

149

1,395

1,947

2,226

704

Payments of withholding taxes in connection with vesting of restricted share units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,654

1,469

1,243

Purchase of ordinary shares

89,483

305,690

231,883

-

-

-

-

0

39,571

14,465

40,674

0

0

50,008

0

0

11,263

14,411

127,793

0

0

0

0

-

-

-

-

-

-

-

-

100,056

0

118,557

91,088

-

-

-

-

-

-

-

-

Proceeds from Noncontrolling Interests

-

-

-

-

-

-

-

0

0

0

35,390

0

0

0

0

-5,141

0

0

5,141

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of ordinary shares

-

-

-

-

-

-

-

465

2,497

2,949

6,070

5,861

74

257

0

1,326

1,327

1,770

282

2,156

6,185

3,937

845

151

111

667

3,496

2,781

266

867

891

436

819

70

69

1,811

3,387

1,154

661

1,570

5,338

4,698

3,371

Issuance of loans

-

-

-

-

-

-

-

4,500

4,500

0

12,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital contribution from noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,160

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and cash equivalents at end of period

-454

-278

-1,437

-175

2,319

-645

645

83

0

-83

0

-

-

-

-

0

0

-218

-85

0

-26

-92

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by financing activities

170,634

-174,385

-33,005

-79,911

12,039

118,218

31,643

-25,593

61,577

-138,282

-75,459

-18,538

6,861

122,805

-6,550

-23,650

129,582

-125,572

14,302

48,228

80,278

-98,720

-4,620

196,437

407

-65,586

33,191

-22,719

-6,845

-53,441

29,750

6,899

-19,971

25,865

-91,960

1,225

1,448

-60,145

-810

855

5,245

-944

-3,897

Effect of exchange rate changes on cash

-2,927

2,329

-4,582

919

-979

-1,352

-454

-3,184

2,301

1,547

1,843

4,001

838

-4,652

601

-1,571

1,148

-1,121

-1,096

2,906

-5,240

-3,216

-3,372

-209

148

353

947

-354

-1,036

738

688

-1,464

816

-1,106

-1,801

828

1,277

-602

2,301

-2,034

-445

-427

550

Change in cash held for sale

-

-

-

-

-

-

-

24,084

-24,084

0

12,042

-12,042

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

-

5,683

-4,045

-

-

196

3,841

-5,651

9,814

-2,736

17,103

-17,770

-6,121

-4,037

-23,801

700

3,525

-20,615

-9,768

-30,628

56,331

16,960

-1,587

15,963

-15,765

-2,341

14,586

-1,241

-13,422

5,409

-2,884

10,066

-15,333

-93,622

-75,460

28,487

34,959

4,124

6,255

142

3,460

17,680

7,457

Supplemental disclosures of cash flow information:
Interest

9,450

23,929

9,384

24,053

10,082

22,256

7,549

22,758

7,993

17,433

8,430

17,845

7,275

14,793

5,362

14,741

4,884

15,004

2,994

1,154

1,511

2,584

3,271

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes

4,537

711

4,472

10,246

5,162

5,512

5,449

14,390

7,436

5,083

5,369

13,375

15,658

11,754

8,555

8,661

344

6,036

4,709

3,655

3,072

2,261

5,296

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capitalization of construction costs related to financing lease obligation (1)

0

0

0

1,176

6,049

3,398

2,825

0

0

0

0

-

-

-

-

0

5,576

0

13,688

26,408

17,847

28,977

12,966

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property and equipment acquired under finance leases

1,451

140

0

251

4,395

3,660

3,565

0

419

112

0

2,323

7,187

2,835

2,077

291

4,227

624

2,393

3,432

1

6,560

3,201

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amounts accrued related to business acquisitions

-462

186

2,645

-3,167

-165

-103

5,832

-407

-48,608

1,568

50,904

14,511

4,458

5,350

21,805

-12,493

326

-1,257

19,292

6,508

-12,498

2,480

23,632

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-