PRIMO WATER CORP COT Cash Flow

Primo water corp (COT)

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	Sep'10	Jun'10
Cash flows from operating activities of continuing operations:
Net income (loss)
3,500	-	-	-	-19,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income
-	-	10,100	4,400	-	700	10,000	10,800	362,000	19,200	44,600	-22,300	-34,400	-77,900	-1,100	8,900	-1,400	-2,900	6,400	18,300	-1,200	21,000	2,600	-4,500	-2,700	-10,400	13,300	18,100	1,000	3,800	15,800	26,300	6,800	-11,400	17,300	27,600	7,700	7,200	23,700
Net income from discontinued operations, net of income taxes
30,900	-1,500	1,500	0	3,000	-2,900	1,500	-1,400	357,400	9,700	43,000	-17,800	-24,200	-	2,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss from continuing operations
-27,400	-	-	-	-22,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income from continuing operations
-	-	8,600	4,400	-	3,600	8,500	12,200	4,600	9,500	1,600	-4,500	-10,200	-	-4,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile net loss from continuing operations to cash flows from operating activities:
Depreciation and amortization
45,000	56,200	48,000	48,900	39,700	48,900	49,600	48,700	47,400	46,800	49,400	48,800	43,600	3,900	41,200	53,500	52,500	-45,400	58,100	58,200	57,400	33,000	26,800	25,800	25,100	25,900	25,100	24,900	24,700	25,100	24,700	23,700	23,800	23,900	24,000	23,800	23,600	19,100	14,900
Amortization of financing fees
900	900	900	900	800	900	900	800	900	500	600	500	300	-2,300	300	1,300	1,200	-	1,200	1,100	1,300	600	700	600	600	600	700	800	700	800	800	900	1,200	1,000	1,100	900	900	600	500
Amortization of senior notes premium
-	-	-	-	-	-	-	-	-	-	-1,100	-1,200	-1,600	-1,500	-1,500	-1,500	-1,400	-1,400	-1,300	-1,400	-1,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation expense
2,400	4,100	1,700	3,300	3,300	2,700	6,800	4,400	3,400	6,400	2,100	5,000	4,000	1,700	-900	3,800	2,400	-800	2,300	3,700	2,400	900	1,500	2,100	1,300	400	1,100	1,800	700	1,400	1,300	1,400	800	700	-1,600	2,700	1,100	1,100	1,200
Benefit for deferred income taxes
3,500	900	-6,000	2,000	5,200	9,500	-100	-2,900	200	35,300	3,100	-2,700	-1,800	-32,000	-1,300	2,100	11,300	43,600	-4,700	-5,200	-11,700	69,900	-2,200	-2,600	700	1,400	-300	-1,600	0	-	-600	-4,000	-	1,400	4,200	-1,000	-900	-9,700	-
Commodity hedging loss (gain), net
-	-	-	-	-	-	-	-	-	-	400	-400	1,900	-	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on extinguishment of long-term debt
-	-	0	0	-	0	0	0	7,100	-	0	1,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of business
0	0	0	-600	-5,400	0	0	6,000	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Write-off of financing fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,400	-
Gain on bargain purchase
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	900	-	-	-	-	-	-	-
Loss on disposal of property, plant and equipment, net
-1,400	-2,900	-1,100	-1,600	-1,900	-5,600	-1,200	-1,300	-1,300	-5,400	400	-3,900	-1,300	-2,100	-1,400	-2,200	-900	-1,500	-1,100	-200	-1,400	-1,300	-400	100	-100	-	-1,100	-300	-	-100	-800	-300	-600	-	-500	-	-	-300	-
Write-off of financing fees and discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	800	3,000	300	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Asset impairments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-200	300	1,600	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Contract termination payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	900
Contract termination payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,100	-	-	-	-
Other non-cash items
-6,000	2,200	-3,500	3,700	-200	1,600	-800	2,200	0	-9,700	8,400	3,000	1,800	-300	-8,500	-2,600	1,700	-2,700	-4,700	6,300	10,200	200	0	500	200	-700	0	100	-300	-400	1,400	-1,000	400	-6,600	-100	1,600	200	100	1,100
Change in operating assets and liabilities, net of acquisitions:
Contract termination payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-600	-
Accounts receivable
28,900	-39,000	6,400	16,200	1,300	-30,200	21,800	6,500	12,700	-28,700	16,400	20,400	-100	-39,700	-4,600	25,700	21,700	-19,100	-37,800	19,400	41,300	-40,800	-27,000	33,000	33,300	-52,700	-19,000	29,600	28,200	-51,800	-15,000	31,300	20,500	-36,500	-29,500	41,600	29,400	-17,400	24,400
Inventories
600	-900	-3,900	9,500	2,800	-8,900	-4,300	4,600	9,100	-12,500	4,900	1,200	8,400	-4,200	-7,400	-4,600	3,300	4,600	-10,500	-6,100	11,000	-3,100	-17,400	-8,900	16,500	16,800	-26,600	-2,400	13,200	6,200	-17,100	6,500	16,500	-6,100	-23,100	16,600	6,100	3,800	4,000
Prepaid expenses and other current assets
1,500	-4,400	800	-600	1,600	-3,400	800	2,300	4,300	-1,200	-2,500	-3,700	6,500	-1,600	-1,600	3,400	4,400	27,000	-2,900	4,500	-30,300	23,700	500	1,200	-200	-700	0	1,400	600	-5,200	-400	4,100	1,800	-4,900	-2,100	1,500	-300	500	-1,600
Other assets
-700	-300	-200	-600	-600	1,900	-200	-200	-1,000	2,700	-700	-4,200	100	1,500	1,000	1,200	-2,400	-4,200	3,800	1,300	2,400	-1,900	0	400	-200	-100	-6,100	0	100	-200	200	100	-1,000	900	-900	600	100	-	600
Accounts payable and accrued liabilities and other liabilities
10,200	26,100	15,400	-18,000	-3,200	7,000	28,400	-13,900	7,700	-51,200	24,000	24,000	10,500	-4,500	-6,800	44,600	-30,000	30,700	-24,300	25,200	-15,200	12,900	-17,500	26,300	-28,500	33,800	-6,000	15,200	-44,100	36,200	-22,100	22,100	-38,400	34,400	-25,800	24,800	-21,900	8,300	11,200
Income taxes recoverable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,900	-	-900	-1,000	-600	-	700	400	-	-1,300	-100	-100	-200	-2,000	-5,200	-1,300	-300	-4,200	-200	800	2,800	-2,700	-7,000
Net cash provided by operating activities from continuing operations
4,700	141,300	82,100	11,500	15,100	98,200	78,200	35,000	32,900	37,300	46,200	61,400	31,100	25,500	51,100	87,600	-18,700	-35,300	91,800	75,700	-1,100	19,200	60,500	29,500	-52,500	92,000	87,400	34,100	-58,600	120,000	58,000	38,100	-43,100	103,900	63,900	21,300	-25,600	63,000	31,300
Acquisitions, net of cash received
422,600	45,900	5,200	21,500	3,700	97,000	400	38,800	27,800	2,100	3,400	25,000	5,000	700	912,500	1,800	44,400	-	22,000	500	-	-	-	80,800	-	-	4,700	6,500	-	0	4,700	0	5,000	-	25,700	-	-	507,700	-
Additions to property, plant and equipment
34,900	28,900	35,900	27,800	22,000	35,800	36,300	28,900	29,800	24,200	38,200	30,700	28,200	0	32,400	33,200	29,500	-15,900	28,300	29,900	27,300	15,300	10,800	11,800	8,800	10,600	10,200	14,600	19,900	19,100	13,200	19,700	17,700	17,400	8,100	10,800	12,500	11,400	10,500
Additions to intangible assets
3,000	3,700	3,300	2,000	1,900	6,300	2,700	2,000	2,200	-400	3,400	1,600	1,000	-300	1,200	1,000	2,300	300	500	100	2,100	2,600	1,500	1,300	1,500	1,900	2,100	1,700	200	500	1,000	1,000	2,700	-	1,400	2,500	-	-	2,300
Additions to intangibles and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	-
Proceeds from sale of property, plant and equipment
300	3,300	-500	-1,000	1,100	7,800	-800	-1,000	-1,900	5,600	-3,100	1,200	4,100	1,500	1,300	200	2,700	-10,900	400	40,100	400	-	1,600	-	-	-	200	-	-	-	1,300	-	-	-	100	-	100	500	-
Proceeds from sale of business, net of cash sold
0	0	0	0	50,500	0	0	12,800	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of equity securities
-	-	0	-	-	-	7,900	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	-	-	-	-	-	-	-
Proceeds from insurance recoveries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	0	0	400	-	1,700	0	-	-	-	-	-	-	-
Other investing activities
-	-	-500	0	-	-100	-100	-100	-200	-100	-500	-200	-200	-	-	2,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	1,800	-	-	-300
Net cash (used in) provided by investing activities from continuing operations
-460,200	-78,100	-43,400	-50,300	24,000	-138,600	-30,600	-55,800	-57,700	-24,000	-41,400	-58,300	-29,900	4,300	-944,800	-38,600	-73,500	3,200	-50,400	9,600	-29,000	-735,400	-10,700	-93,900	-10,300	-12,300	-16,800	-22,800	-19,700	-19,400	-15,900	-19,700	-25,400	-27,500	-35,200	-15,100	-12,400	-518,800	-12,500
Payments of long-term debt
2,700	1,100	1,500	1,500	1,500	1,000	200	600	262,700	-400	300	101,200	400	-1,800	800	400	1,100	-	1,000	1,100	800	1,000	80,100	296,500	16,000	200,600	600	19,100	500	500	200	1,400	1,200	1,600	1,800	2,100	1,300	1,200	2,900
Issuance of long-term debt
-	-	-	-	-	-	-	-	-	0	0	0	750,000	-	-	-	-	-	-	-	-	-	-	525,000	-	-	0	-	-	-	-	-	-	-	-	-	-	375,000	-
Proceeds from short-term borrowings
135,900	11,000	1,200	37,900	25,000	97,000	400	400	600	-	0	0	-	-	-	123,900	497,200	-	52,400	654,100	94,800	484,700	191,100	188,200	95,000	-	0	-	-	0	0	17,500	7,000	0	80,700	43,600	99,800	165,700	83,400
Payments on short-term borrowings
109,900	1,100	1,200	9,100	52,800	16,000	400	400	600	-	0	0	-	-	-	187,700	558,300	-	97,300	674,400	102,800	324,200	156,000	284,300	15,100	-	0	-	-	0	0	17,500	7,000	0	100,700	58,700	72,500	126,200	100,800
Premiums and costs paid upon extinguishment of long-term debt
-	-	0	0	-	0	0	0	12,500	-	0	7,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to non-controlling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	2,300	-	3,200	1,600	2,000	1,300	2,400	2,500	2,300	5,800	2,200	700	-2,100	2,300	1,900	300	1,100	1,800	1,700	900	1,600	2,800	800
Issuance of common shares
600	300	200	300	400	400	1,800	2,400	1,800	600	2,100	300	500	200	2,400	220,100	144,100	-	500	142,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	71,100	-
Preferred shares repurchased and cancelled
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	148,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the exercise of options for common shares, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	-	-	-	-	-	-	-	-	-	-	-	-	-	200	-	-	-	-
Common shares repurchased and canceled
31,900	700	100	20,000	11,000	28,800	24,400	16,100	5,600	1,900	100	0	1,800	1,200	3,400	0	1,100	0	100	0	700	4,400	4,600	2,700	400	100	4,500	5,500	2,900	-	-	300	-	-	-	-	-	-	-
Financing fees
2,500	0	0	0	0	0	0	0	1,500	0	0	1,700	9,400	-	9,600	-	-	-	100	200	-	-	1,200	7,900	-	-	100	-	-	-	-1,200	-	-	-	-	-	-	14,000	-
Equity issuance fees
1,100	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid to common shareholders
9,800	8,100	8,200	8,000	8,200	8,300	8,300	8,400	8,400	8,300	8,400	8,300	8,400	8,300	8,400	7,400	7,300	6,500	6,500	9,000	9,000	6,400	5,600	5,700	5,100	-	5,500	11,200	-	-	-	-	-	-	-	-	-	-	-
Payment of deferred consideration for acquisitions
200	100	0	200	0	-	0	2,800	-	-	0	0	-	-	10,800	-	-	-	-	2,500	-	-	32,400	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Other financing activities
8,800	-13,300	2,000	2,000	1,400	-1,100	1,900	3,400	-1,300	0	0	1,500	-1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities from continuing operations
-12,800	-13,100	-7,600	1,400	-46,700	44,900	-29,200	-22,100	-290,200	-9,200	-6,700	-117,100	729,500	619,000	-30,600	147,500	71,200	79,200	-55,300	-41,000	-20,400	757,200	-91,200	113,600	56,100	-158,400	-12,900	-36,500	-5,500	-8,600	-3,300	-2,000	-2,300	-3,300	-23,300	-18,100	24,400	467,600	-21,100
Cash flows from discontinued operations:
Operating activities of discontinued operations
-17,300	-8,500	0	-3,200	8,500	-4,000	-5,600	-3,300	-84,700	46,600	47,400	43,500	-34,800	-	44,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investing activities of discontinued operations
394,500	19,100	0	0	-19,100	-3,100	0	0	1,228,600	-8,000	-13,300	-9,200	-14,200	-	-8,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financing activities of discontinued operations
-100	0	0	0	0	0	0	0	-769,700	-32,900	-9,200	-330,500	-270,800	-	257,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) discontinued operations
377,100	10,600	0	-3,200	-10,600	-7,100	-5,600	-3,300	374,200	5,700	24,900	-296,200	-319,800	-	294,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes on cash
-2,100	1,200	-900	100	1,300	-2,300	500	-3,700	-4,800	-100	2,000	2,900	1,500	-800	-4,000	-2,100	-1,000	-1,500	-1,400	200	-1,200	-2,200	-2,100	1,100	100	100	1,300	-1,000	-2,600	-700	2,200	-900	1,500	-400	-1,200	100	1,200	800	-600
Net decrease in cash, cash equivalents and restricted cash
-93,300	61,900	30,200	-40,500	-16,900	-4,900	13,300	-49,900	54,400	9,700	25,000	-407,300	412,400	502,300	-633,700	194,400	-22,000	13,400	-15,300	44,500	-51,700	38,800	-43,500	50,300	-6,600	-78,600	59,000	-26,200	-86,400	91,300	41,000	15,500	-69,300	72,700	4,200	-11,800	-12,400	12,600	-2,900
Supplemental Non-cash Investing and Financing Activities:
Shares issued in connection with business combination
377,600	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt funded to escrow
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	498,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividend payable issued through accounts payable and accrued liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition related deferred consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,500	8,900	-	-	51,400	-	-	0	5,100	-	-	-	-	-	-	-	-	-	-	-
Accrued deferred financing fees
800	-	-	-	0	-	-	-	-	-1,600	0	0	2,200	-	700	9,800	-	-	-	200	-	-	-	1,800	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Dividends payable issued through accounts payable and accrued liabilities
200	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends payable
-	-	0	100	-	-	0	300	100	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to property, plant and equipment through accounts payable and accrued liabilities and other liabilities
11,500	-27,800	13,300	13,900	14,800	-22,600	13,500	10,800	9,900	-13,100	6,800	8,900	8,300	-17,700	5,800	10,200	4,800	-12,100	3,200	3,400	6,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental Disclosures of Cash Flow Information:
Cash paid for interest
15,700	21,900	3,000	35,200	15,100	21,800	700	35,700	10,700	36,200	12,600	15,300	17,500	-24,300	17,500	36,100	19,200	-48,300	19,000	47,100	17,100	16,600	3,900	8,400	16,600	9,900	15,900	9,200	15,900	9,700	15,800	9,500	16,000	9,700	16,200	10,200	17,700	1,200	10,300
Cash paid for income taxes, net
2,400	200	1,400	4,300	1,000	3,200	4,200	800	1,400	200	-100	1,100	700	-1,000	200	-100	4,200	-100	500	1,600	500	1,200	1,000	0	300	0	-200	-200	500	-8,500	500	100	200	-3,100	200	800	3,400	-10,000	1,900