Cornerstone Building Brands, Inc. CNR Cash Flow

Cornerstone building brands, inc. (CNR)

CashFlow / Quarterly

Apr'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11
Cash flows from operating activities:
Net loss
-542,073	1,930	25,164	17,533	-60,017	-76,190	27,555	35,986	-5,684	5,249	17,490	18,221	16,974	2,039	19,001	23,714	2,420	5,892	18,406	7,220	-7,488	-320	14,259	6,089	-4,905	-4,258	8,276	-12,192	-5,342	-3,627	6,270	-3,267	1,321	589	3,411	2,593	-3,229	-12,725
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization
69,769	72,279	64,009	67,529	59,947	30,936	11,351	10,174	10,442	10,358	10,662	10,278	10,063	10,315	9,817	10,595	10,765	10,747	13,354	14,541	13,766	9,731	9,174	8,994	8,941	8,767	9,012	9,065	8,810	9,122	7,610	7,565	7,056	7,371	3,114	8,399	8,401	8,449
Non-cash interest expense
-2,274	-	-2,279	-1,282	-2,672	-	-	-359	-346	-435	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
-	-	-	-	-	1,472	-	-	-	-	421	444	477	477	477	477	477	477	477	888	5	113	246	238	304	288	272	823	1,087	1,084	-	-	-	-	-	-	-	-
Loss on extinguishment of debt
-	-	-	-	-	-3,284	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation expense
3,387	3,465	3,134	3,474	4,005	4,457	2,729	1,041	1,998	5,870	2,084	2,284	2,820	3,042	3,181	2,661	2,468	2,582	1,677	2,568	2,201	2,933	2,022	2,404	2,563	3,179	4,565	3,448	3,445	3,442	3,115	2,090	2,121	1,972	1,776	1,775	1,672	1,685
Loss on disposition of business, net
-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on insurance recovery
-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	324	987	1,023	0	0	0	-	-	-	-	-	-	-	-
Non-cash fair value premium on purchased inventory
0	0	0	0	16,249	21,617	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Losses (gains) on asset sales, net
-	-	-	-	-	0	-373	625	-70	320	-933	-176	-137	-125	-895	52	927	2,589	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill impairment
503,171	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset impairment
3,079	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of assets and asset recovery
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-11	26	0	-	-	-	-	-	-	-	-	576	-7	-11	-2	-9	-30	-29	18
Provision for doubtful accounts
725	2,527	-287	-16	-189	-786	-314	-133	-24	-20	803	-261	-180	1,586	-172	-383	431	1,467	755	-516	20	-149	-78	-251	-424	1,009	255	324	-205	1,305	300	283	-686	-6	392	762	233	457
Deferred income taxes
-35,734	39,107	3,323	-41,081	-7,434	-21,719	787	0	0	-1,676	796	183	-139	26	-255	-95	-324	1,992	-257	119	-96	5,602	-314	2,775	-3,320	-2,564	5,253	-10,093	-2,782	-1,990	2,091	-1,061	855	292	-65	751	-1,943	-5,035
Excess tax (benefits) shortfalls from share-based compensation arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,257	-129	-261	-	322	-10	394	-11	-211	-823	1,583	977	0	-941	941	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities, net of effect of acquisitions:
Accounts receivable
-20,532	-100,087	4,509	90,185	43,635	-141,668	21,885	30,572	13,798	-30,858	11,023	20,791	6,949	-19,181	8,039	35,401	-1,630	-23,669	5,644	17,014	-1,873	-28,395	3,314	23,629	-2,419	-22,713	16,718	6,666	3,405	-23,217	21,862	7,418	2,643	-15,204	3,889	22,251	8,712	-19,523
Inventories
20,724	-28,495	-33,897	-12,726	-16,704	-98	-6,348	39,962	22,683	2,237	-14,436	17,292	3,685	4,932	3,745	31,864	914	-7,469	-6,514	3,570	-7,681	6,021	-5,083	334	-1,381	15,521	-13,096	9,422	12,009	7,755	-7,222	-2,043	4,849	13,524	-27,793	8,762	24,114	2,062
Income taxes
-18,212	33,975	989	-36,335	34,090	11,107	-159	-5,268	5,195	-2,373	1,353	2,266	-7,759	6,777	1,953	-4,140	4,140	0	0	-3,739	4,999	1,374	-1,601	0	28	-26	-1,135	1,478	-34	415	-1,228	315	5	-174	-173	1,493	-15,336	-366
Prepaid expenses and other
-1,554	5,905	3,668	19,230	-18,524	-18,749	1,793	-496	1,615	2,567	3,340	-2,944	4,032	-2,157	479	2,549	-1,800	-1,899	1,338	-1,247	-88	264	3,292	2,149	-932	70	-1,927	2,910	-901	615	465	-1,362	3,563	-591	190	-1,076	491	642
Accounts payable
12,461	-29,627	-6,593	22,295	-7,216	-88,493	-10,102	21,881	43,891	-31,205	27,070	-475	8,462	-30,199	-2,097	25,132	10,986	-35,619	10,982	25,537	-7,095	-17,949	2,973	14,243	-4,265	-39,345	40,120	9,864	13,544	-28,969	15,119	-173	5,937	-8,836	-3,681	17,343	10,897	-6,990
Accrued expenses
-40,662	-19,398	-18,053	9,421	-12,373	-13,963	10,196	18,104	11,167	-23,183	-1,821	569	16,172	-27,240	10,106	25,526	-876	-22,100	16,054	6,804	-6,389	-22,521	14,420	12,580	-1,553	-5,498	7,281	-2,771	4,792	-7,181	3,225	2,625	8,643	-7,987	1,702	103	6,755	-2,892
Other, net
-1,805	123	-84	998	1,869	-1,076	210	-746	416	515	-119	1,158	26	163	-276	58	-288	347	368	-640	641	-7	-705	13	-178	131	-776	889	429	-151	30	-79	4	47	620	-672	-40	448
Net cash provided by (used in) operating activities
-2,224	161,789	97,733	18,808	-48,722	11,099	25,555	16,922	46,566	-6,580	63,277	-7,292	38,252	-30,363	27,880	20,586	24,213	-4,200	67,194	41,892	-1,090	-2,211	43,620	21,199	2,722	-33,975	73,285	-5,353	9,382	-13,172	27,477	10,256	14,194	-4,205	35,990	905	4,874	-332
Cash flows from investing activities:
Acquisitions, net of cash acquired
39,857	0	0	-3,234	182,418	-87,078	0	0	0	0	-	-	-	-	0	0	1,272	3,071	0	0	0	247,123	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures
27,567	34,721	29,144	30,030	27,190	13,586	12,960	17,970	8,788	8,109	6,445	4,073	7,436	4,120	5,884	4,860	4,508	5,772	5,353	6,023	4,305	5,002	3,491	4,525	5,269	4,735	6,881	4,830	6,644	6,071	5,863	8,389	8,129	5,770	6,305	6,665	5,823	2,247
Proceeds from sale of property, plant and equipment
-	-	-	-	-	0	0	3,660	429	2,249	664	0	2,533	0	-62	816	1,597	3,066	0	2	26	0	-	-	-	-	-	-	-	-	2,937	18	12	25	1	439	102	41
Business disposition, net
-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from insurance
-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	324	987	1,023	0	0	0	-	-	-	-	-	-	-	-
Net cash used in investing activities
-67,424	-30,083	-29,144	-25,923	-209,608	73,492	-12,960	-6,580	-12,774	-5,860	-5,781	4,100	-4,483	-4,120	4,054	-4,044	-4,183	-5,777	-5,353	-6,021	-4,279	-252,125	-3,477	-4,525	-4,945	-3,748	-5,784	-4,830	-6,644	-6,071	-2,926	-149,362	-8,117	-5,745	-6,304	-6,226	-5,721	-2,206
Cash flows from financing activities:
(Deposit) refund of restricted cash
-	-	-	-	-	-	-	-	-	-	-	-144	123	117	414	5	44	-93	298	0	0	0	-	-	-	-	0	0	1,376	-1	0	-1,375	2,837	-1	7	-1	-1	-2
Proceeds from stock options exercised
-	-	-	-	-	0	0	300	-40	1,040	505	-1	177	1,019	557	10,654	1,401	0	0	0	1	353	0	0	0	0	0	0	0	674	0	0	0	0	-	-	-	-
Excess tax benefits (shortfalls) from share-based compensation arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,257	-129	-261	-	322	-10	394	-11	-211	-823	1,583	3	26	7	941	1	0	1	0	464	-464	0	464
Proceeds from ABL facility
345,000	0	20,000	50,000	220,000	0	15,000	20,000	22,000	43,000	0	0	5,000	30,000	0	0	0	0	-	-	-	-	0	25,000	27,000	20,000	15,000	25,000	11,999	5,001	-	-	-	0	-	-	-	-
Proceeds from cash flow revolver
115,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on ABL facility
-	-	-	-	-	325,000	15,000	20,000	32,000	33,000	0	0	5,000	30,000	-	-	-	-	-	-	-	-	0	25,000	27,000	20,000	20,000	19,367	12,633	5,000	-	-	-	0	-	-	-	-
Proceeds from term loan
-	-	-	-	-	802,987	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	250,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments on term loan
6,405	12,810	0	6,405	6,405	419,330	1,037	1,037	144,147	0	0	180	0	10,000	10,000	10,000	10,000	10,000	10,000	10,001	20,643	596	596	596	596	600	600	0	1,625	8,750	625	129,125	1,700	500	355	1,500	1,000	2,750
Payments on senior notes
-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on note payable
-	-	-	-	-	497	497	804	0	441	474	638	27	431	456	443	17	514	513	686	0	417	418	625	65	482	483	646	78	515	343	790	111	292	438	438	378	289
Payment of cash dividends on Convertible Preferred Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	5,489	5,550
Payments of financing costs
-	-	-	-	-	17,217	25	246	6,000	275	0	0	0	0	-	-	-	-	-1	339	-339	9,218	-16	-8	50	25	50	6,118	29	68	720	8,629	25	25	100	25	25	50
Payments related to tax withholding for share-based compensation
327	1,703	64	11	156	4,128	20	436	2	4,610	0	0	0	2,389	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of treasury stock
-	-	-	-	-	0	0	0	0	46,705	37,681	0	0	3,533	5,473	45,020	7,754	4,627	-3,273	1,734	22	1,517	7	48	418	23,325	24	69	23	2,346	5	14	7	1,503	0	0	-1	1,478
Gain from bargain purchase
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of debt extinguishment costs
-	-	-	-	-	919	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for settlement of appraisal shares
-	-	-	-	-	3,531	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on tax receivable agreement
-	-	-	-	-	22,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on contingent consideration
-	-	-	-	-	700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
453,268	-139,419	-50,064	-6,416	213,439	9,161	-1,579	-2,284	-10,619	-40,991	-37,795	-963	273	-15,217	-16,966	-43,547	-16,455	-15,495	-10,967	-12,438	-20,335	238,999	-1,016	-1,472	-1,952	-22,849	-6,154	-1,174	-1,006	-10,064	-1,690	97,566	995	-2,321	-422	-2,430	-6,890	-9,655
Effect of exchange rate changes on cash and cash equivalents
-2,302	904	-894	1,389	911	-662	-1	-68	-261	237	-139	396	-149	86	-275	-201	492	-341	511	-432	264	-598	-140	-6	44	-265	-60	-32	-21	-24	-21	2	78	-5	43	17	-70	-10
Net increase (decrease) in cash, cash equivalents and restricted cash
381,318	-6,809	17,631	-12,142	-43,980	93,090	11,015	7,990	22,912	-53,194	19,561	-3,759	33,893	-49,614	14,693	-27,206	4,067	-25,813	51,385	23,001	-25,440	-15,935	38,987	15,196	-4,131	-60,837	61,287	-11,389	1,711	-29,331	22,840	-41,538	7,150	-12,276	29,307	-7,734	-7,807	-12,203
Supplemental disclosure of cash flow information:
Interest paid, net of amounts capitalized
-	-	-	-	-	4,147	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes paid, net of amounts refunded (excluding tax receivable agreement payments)
-	-	-	-	-	2,488	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-