Core-Mark Holding Company, Inc. CORE Cash Flow

Core-mark holding company, inc. (CORE)

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
Cash flows from operating activities:
Net income
4,300	16,200	22,500	17,700	1,300	12,100	23,700	11,000	-1,300	10,800	13,700	6,900	2,100	18,700	13,500	16,300	5,700	17,700	15,100	13,200	5,500	14,600	13,700	12,000	2,400	15,000	12,300	11,700	2,600	9,700	10,500	10,100	3,600	5,200	12,000	8,500	500
Adjustments to reconcile net income to net cash provided by operating activities:
LIFO and inventory provisions
8,000	6,300	7,000	7,400	7,000	5,400	7,400	7,100	6,000	6,700	5,800	4,600	4,200	3,200	3,700	2,900	3,400	-7,200	3,200	3,600	2,400	2,600	6,500	4,200	2,700	-200	2,300	3,800	2,800	1,200	3,900	4,200	2,800	5,600	5,100	4,800	2,700
Amortization of debt issuance costs
200	200	200	200	200	200	200	200	200	200	200	200	200	200	100	100	100	100	0	100	100	100	0	100	100	100	100	100	100	100	100	100	100	100	100	200	100
Stock-based compensation expense
2,000	2,400	3,100	2,200	1,900	1,800	2,000	2,500	1,900	1,500	1,200	1,200	1,100	600	1,900	1,700	1,900	2,000	2,700	2,100	1,900	1,800	1,500	1,500	1,300	600	1,300	1,400	1,300	1,700	1,400	1,300	1,400	1,400	1,600	1,200	1,300
Credit loss expense, net
1,800	1,700	1,400	900	3,100	1,800	400	1,100	300	200	500	300	100	400	600	600	400	200	300	300	500	900	600	400	300	400	300	400	0	700	700	300	300	800	600	300	300
Impairment charge and other
300	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposals
0	100	0	0	-100	0	-200	-100	-300	400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
15,700	15,100	14,900	15,500	15,400	15,000	14,900	14,700	14,900	14,800	15,300	12,200	12,100	11,700	11,400	10,200	9,600	9,600	9,900	9,700	8,700	8,600	8,300	7,900	7,200	7,000	6,800	6,800	6,600	6,300	6,300	6,400	6,300	6,300	5,400	5,600	5,100
Foreign currency losses, net
-200	-500	900	-1,000	-200	1,300	-400	500	400	-100	200	1,100	600	600	-500	-300	700	-500	-700	-200	-400	-100	200	-200	0	-200	-100	-100	-400	-100	0	-200	100	100	-1,400	200	600
Deferred income taxes
800	-5,200	900	-100	-300	-2,100	1,400	300	300	-100	1,500	300	300	4,800	2,700	100	800	9,200	300	100	-700	-4,500	1,400	100	0	-	-	-	-	-	-	-	-100	-3,600	1,900	400	-700
Changes in operating assets and liabilities:
Accounts receivable, net
-12,000	-24,700	-49,400	84,700	-5,400	-19,100	-37,300	29,000	-1,600	-16,000	1,900	52,200	-5,400	10,600	-29,000	14,000	63,600	-5,200	-7,700	34,800	6,200	-18,700	-1,700	26,800	7,400	-13,700	-28,300	34,700	16,900	-27,100	-15,400	25,200	10,200	-4,500	-1,900	26,900	-500
Other receivables, net
5,500	-15,400	3,800	26,000	-8,200	-6,400	13,200	-1,600	-9,500	-1,800	10,400	-6,500	-10,100	-2,200	8,600	30,500	100	5,600	100	3,300	-100	500	6,200	4,100	-7,800	2,000	1,600	5,200	-3,200	2,800	-200	9,200	-1,200	-2,500	4,000	-200	-3,200
Inventories, net
102,400	-194,500	289,100	91,100	-180,700	48,500	153,500	-107,000	-60,600	67,800	62,700	69,900	-129,900	106,100	32,100	59,300	-17,100	52,400	-63,400	126,400	-116,900	85,200	41,200	9,100	-84,900	44,400	33,400	51,000	-93,400	69,000	-5,400	56,700	-125,600	83,300	-47,200	76,100	-34,200
Deposits, prepayments and other non-current assets
-31,800	20,000	-31,600	50,400	4,100	30,300	-100,600	78,500	-31,800	53,200	-53,600	14,600	2,700	-8,800	-1,400	19,400	13,600	7,900	8,600	-4,600	14,000	-16,100	-11,600	27,400	-5,400	11,500	-26,200	24,000	7,200	-6,200	-9,800	7,400	3,600	-5,600	-2,000	13,400	6,600
Accounts payable
79,500	-82,800	11,800	32,500	29,900	-18,200	-5,800	21,000	34,000	-3,300	-12,600	39,300	26,800	14,900	-55,700	-40,500	70,300	-18,300	-1,800	10,700	13,400	-3,000	-1,700	18,100	7,200	-15,400	-11,500	39,600	3,300	-10,000	-7,300	16,600	1,300	-7,000	-2,100	21,000	18,100
Cigarette and tobacco taxes payable
-17,900	41,300	-7,200	21,700	-75,800	69,600	-15,300	14,100	-70,700	63,700	-21,200	19,600	-21,400	29,300	17,000	24,400	-5,200	24,000	4,000	21,900	-36,100	27,100	3,400	7,500	-28,900	30,000	-1,900	17,400	-25,600	12,700	5,100	1,700	-29,800	17,100	-7,200	26,900	-29,300
Claims, accrued and other long-term liabilities
1,700	-9,400	16,300	8,800	2,000	-11,900	22,100	-4,500	12,100	-23,900	18,500	-3,400	-9,500	-20,500	11,000	2,800	25,500	-6,300	19,200	5,000	-8,900	0	4,300	5,300	-4,700	2,800	-4,300	9,100	-3,700	1,100	-3,000	3,600	-7,100	8,200	2,500	-4,000	2,300
Excess tax deductions associated with stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	400	0	2,400	200	100	0	1,900	400	1,200	500	700	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
32,500	200,800	-141,900	-144,400	175,200	19,100	22,800	68,200	101,100	-15,700	1,300	-50,100	158,100	-40,100	-2,800	-104,300	49,200	-28,700	116,800	-93,000	82,100	-3,000	2,500	-10,600	77,600	-100	23,400	-24,500	60,300	-17,600	51,000	-53,900	91,700	-36,700	67,900	-51,000	31,100
Cash flows from investing activities:
Acquisition of business, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	0	0	8,000	1,000	0	-100	100	-	-	-	0	-	-	-	-	-	-	-	-
Change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,200	-4,800	100	-	-100	-1,200	-2,000	1,300	400	600	-1,400	1,200	100	500	200	100	0	-2,100	0	-2,000	-1,300	3,000	400
Additions to property and equipment, net
5,000	7,500	6,100	4,100	5,100	5,200	5,700	2,300	6,900	4,200	13,200	17,100	13,700	9,800	21,700	14,000	8,800	5,600	10,300	11,700	2,700	29,800	9,300	9,800	5,000	5,000	6,300	5,000	1,700	8,100	7,100	7,700	5,500	12,900	5,300	4,500	1,300
Capitalization of software and related development costs
800	2,700	1,200	700	1,400	400	400	700	500	1,000	600	2,100	700	2,600	2,400	500	2,200	1,200	3,600	2,000	1,900	2,100	2,100	900	200	400	0	0	0	-	-	-	-	-	-	-	-
Proceeds from sale of property and equipment, net
0	100	0	0	200	100	100	0	0	-	-	-	-	-	-	-	-	0	0	0	300	0	0	0	0	-	-	-	-	-	100	0	200	-	0	0	0
Net cash used in investing activities
-5,800	-10,100	-9,800	-4,800	-6,300	-5,500	-8,500	-3,000	-7,400	-5,200	-182,800	-19,200	-14,400	-12,900	-28,300	-98,100	-11,100	-11,100	-13,800	-12,500	-10,300	-34,200	-11,800	-11,200	-3,900	-8,400	-8,200	-5,500	-1,900	-42,500	-7,200	-5,600	-5,300	-10,500	-4,000	-58,900	-1,700
Cash flows from financing activities:
Borrowings under revolving credit facility
489,700	358,000	473,400	520,500	340,700	493,800	408,600	404,400	463,100	434,700	657,700	352,500	263,700	473,900	332,900	493,600	338,300	217,700	670,100	103,300	-54,900	506,000	23,600	5,000	-46,300	7,800	-8,800	23,000	-49,300	73,000	-47,400	47,700	-62,000	-	-	-	-
Repayments under revolving credit facility
501,500	521,200	296,100	371,300	499,200	523,800	398,600	484,400	531,300	420,500	404,200	354,000	377,700	399,800	290,900	288,700	370,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-76,100	0
Payments on finance leases
2,400	-	-	-	900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of financing costs
-	-	-	-	-	-	-	-	-	0	0	100	1,700	500	200	1,000	300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of finance leases
-	-	-	-	-	1,000	700	600	700	600	500	500	500	600	600	600	600	700	500	500	600	400	500	500	300	300	200	300	200	-300	100	200	0	-	-	-	-
Dividends paid
5,600	5,500	5,000	5,100	5,100	5,000	4,600	4,700	4,600	4,600	4,200	4,200	4,200	4,200	3,800	3,700	3,800	3,700	3,000	3,000	3,100	3,000	2,600	2,500	2,600	2,600	2,300	2,200	0	4,400	2,000	1,900	2,000	1,900	0	0	0
Repurchases of common stock
5,400	13,900	8,100	0	0	3,000	5,000	4,700	2,800	800	3,600	0	0	1,700	3,700	1,800	1,700	200	3,000	3,000	3,000	2,700	2,300	0	3,000	1,500	1,900	300	3,500	4,500	0	0	700	1,000	12,600	5,400	0
Proceeds from exercise of common stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	100	-100	300	200	900	300	700	0	400	1,200	800	400	1,500	1,300	600	700	400	2,300	2,000
Tax withholdings related to net share settlements of restricted stock units
2,400	0	100	0	2,100	100	200	-100	1,500	100	0	0	3,600	0	200	100	5,100	100	100	0	3,100	300	500	100	800	1,000	500	300	1,800	600	500	200	700	500	300	300	600
Excess tax deductions associated with stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	100	400	0	2,400	200	100	0	1,900	400	1,200	500	700	300	400	400	1,000	0	600	200	300	100	200	800	600
Increase (Decrease) in book overdrafts
12,400	-17,800	-18,000	13,500	-3,200	13,600	-9,600	6,300	-6,200	0	-49,500	67,300	-10,400	-5,000	1,500	11,200	1,000	1,200	-2,000	7,100	-6,200	5,700	-1,300	16,200	-14,400	400	-6,600	10,200	-5,800	1,900	200	13,000	-19,900	6,200	1,900	15,500	-6,500
Net cash used in financing activities
-15,200	-202,400	144,600	156,400	-169,800	-25,500	-10,100	-83,600	-84,000	8,100	195,700	61,000	-134,400	62,200	35,700	208,900	-40,100	38,100	-107,100	103,500	-68,700	27,200	18,500	18,900	-66,000	3,100	-19,200	31,400	-58,800	66,100	-47,700	59,900	-84,400	42,000	-62,900	88,300	-4,500
Effects of changes in foreign exchange rates
400	-200	-200	300	-600	1,400	400	100	200	-1,400	500	-1,800	200	1,100	300	0	1,000	300	-1,000	0	-1,000	200	-900	300	-200	500	-200	100	-100	-200	-200	100	-300	300	-300	-200	200
Change in cash and cash equivalents
11,900	-11,900	-7,300	7,500	-1,500	-10,500	4,600	-18,300	9,900	-14,200	14,700	-10,100	9,500	10,300	4,900	6,500	-1,000	-1,400	-5,100	-2,000	2,100	-9,800	8,300	-2,600	7,500	-4,900	-4,200	1,500	-500	5,800	-4,100	500	1,700	-4,900	700	-21,800	25,100
Supplemental disclosures:
Cash (paid) received during the period for:
Income taxes, net
3,200	-32,300	3,500	9,900	200	19,800	200	-10,000	100	-29,700	2,700	16,200	-5,900	-35,300	5,600	8,500	300	5,700	8,300	12,000	800	6,600	2,600	15,700	-2,900	1,700	6,000	10,900	900	5,600	1,300	4,500	300	7,300	4,200	300	0
Interest
2,600	2,900	3,700	2,300	3,100	3,800	3,300	2,700	3,200	2,700	3,400	1,300	1,800	1,400	1,200	600	500	300	400	300	300	400	200	200	300	300	400	400	400	500	200	500	400	500	500	500	500
Operating lease liabilities arising from obtaining new right-of-use assets
6,300	-	-	-	7,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance lease liabilities arising from obtaining new right-of-use assets
10,500	-	-	-	700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash capital lease obligations incurred
-	-	-	-	-	-	-	-	-	-	100	200	400	-100	0	0	200	200	0	0	5,200	0	1,200	0	3,500	-100	200	1,100	0	-	-	-	-	-	-	-	-
Unpaid property and equipment purchases included in accrued liabilities
-	-	-	-	-	-	-	-	-	1,300	-3,800	300	3,800	1,600	-200	100	1,400	3,600	-1,900	3,000	400	-6,400	6,600	-2,200	3,400	1,600	200	0	100	-	-	-	-	-	-	-	-