Carter’s, inc. (CRI)
CashFlow / TTM
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'10
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent

150,642

263,802

269,217

280,734

274,065

282,068

287,651

298,197

298,722

302,848

253,423

251,919

250,324

257,709

243,588

242,103

242,010

237,822

233,814

220,374

210,165

194,670

168,827

159,512

153,289

160,407

166,351

169,158

170,290

161,150

147,243

122,314

114,168

114,016

114,125

129,333

135,770

146,472

0

0

0

Adjustments to reconcile net (loss) income to net cash (used in) provided by operating activities:
Depreciation of property, plant, and equipment

92,011

92,207

90,500

88,938

87,428

85,936

84,782

84,080

83,420

81,796

79,593

76,311

73,858

71,522

70,179

66,560

64,284

61,982

59,843

59,146

58,008

58,487

61,681

59,658

57,880

54,915

49,294

46,991

43,648

39,848

35,832

34,161

33,194

32,735

32,519

32,012

31,975

31,727

0

0

0

Adjustment and accretion of contingent considerations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

809

1,257

1,706

1,377

1,348

1,378

1,410

2,388

2,825

3,053

3,676

3,788

3,589

0

0

0

-

-

-

-

-

-

-

-

Amortization of Intangible Assets

3,710

3,747

3,734

3,746

3,733

3,717

3,712

3,569

3,287

2,616

1,731

980

1,174

1,919

2,870

3,819

5,087

6,417

7,702

8,989

12,491

16,437

20,474

24,465

19,859

13,588

0

0

0

-

-

-

-

0

0

0

0

-

-

-

-

Provisions for excess and obsolete inventory

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventory, Firm Purchase Commitment, Loss

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill impairment

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other asset impairments and loss on disposal of property, plant and equipment, net of recoveries

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash revalution of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Amortization of debt issuance costs

1,423

1,437

1,530

1,618

1,682

1,746

1,732

1,688

1,630

1,572

1,512

1,485

1,473

1,461

1,449

1,650

1,684

1,603

1,635

1,448

1,438

1,533

1,516

1,420

1,228

1,049

873

915

896

877

858

708

708

708

1,915

1,960

2,513

2,616

0

0

0

Stock-based compensation expense

13,861

16,529

16,103

14,214

14,342

14,673

16,208

18,169

17,714

17,549

17,272

17,243

17,070

16,847

16,751

16,719

16,845

17,029

17,019

17,329

17,803

17,598

17,567

17,444

16,510

16,040

15,687

15,123

14,246

13,049

12,201

11,112

10,361

9,644

9,067

8,676

7,764

7,303

0

0

0

Unrealized foreign currency exchange loss (gain), net

-3,502

564

-515

73

-414

-271

-462

-133

915

624

3,482

3,652

3,809

-33

-2,144

-3,050

-2,132

-4

-2,599

-2,462

-4,030

-2,378

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provisions for (recoveries of) doubtful accounts receivable from customers

6,612

-220

-1,809

1,421

2,188

15,801

16,487

15,569

17,365

4,663

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

4,800

4,943

5,633

6,212

8,839

8,307

7,840

7,101

4,700

4,621

4,861

10,879

11,040

11,148

10,855

4,756

2,760

2,995

5,894

8,842

6,900

24,514

20,668

17,105

9,249

0

0

0

Loss on disposal of property, plant, and equipment, net of recoveries

-

-

-

-

-

-995

-1,486

-1,829

-1,733

-1,572

-948

-1,255

-1,164

-1,167

-1,611

-913

-1,010

-870

-696

-703

-1,020

-1,157

-437

-704

-373

-272

-431

-397

-499

-802

-737

-516

-630

-139

-28

150

399

118

0

0

0

Loss on extinguishment of debt

0

-7,823

-7,823

-7,823

-7,823

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes (benefit) expense

-26,595

-13,300

10,455

1,850

-744

-1,018

-57,050

-56,645

-55,419

-54,936

2,335

2,912

2,286

1,061

8,125

8,029

8,676

8,657

11,073

11,423

9,438

3,911

-6,898

-5,587

-4,561

596

-5,508

-9,648

-8,015

-9,651

-4,505

4,838

5,976

9,128

5,417

4,062

2,254

4,370

0

0

0

Effect of changes in operating assets and liabilities:
Accounts receivable

-9,156

-8,121

-1,093

17,497

21,180

34,448

25,021

2,955

31,984

22,709

-1,894

-3,860

-7,130

-4,479

26,165

-4,743

-2,812

23,837

13,570

22,707

-8,728

-8,405

-12,554

822

27,387

26,064

45,742

1,568

-205

10,200

-14,832

7,101

92,633

33,222

219,029

57,025

37,549

39,359

0

0

0

Finished goods inventories

77,638

16,683

32,393

33,623

43,619

30,646

85,346

46,945

34,714

20,922

17,756

-5,889

31,452

17,482

41,639

45,790

21,645

34,352

1,732

15,147

2,111

32,151

82,881

109,713

81,974

70,691

66,780

52,446

19,198

1,790

-11,821

-72,048

-142,480

20,571

193,646

254,493

94,685

84,509

0

0

0

Prepaid expenses and other assets

-33,695

699,036

708,164

710,320

703,717

-12,121

9,085

8,511

8,753

21,791

6,739

-633

13,291

-1,141

10,490

1,895

3,600

3,496

8,236

6,984

11,615

2,719

15,282

559

10,071

18,716

6,733

25,219

8,440

6,004

2,299

11,160

1,017

948

6,505

5,434

3,312

6,269

0

0

0

Accounts payable and other liabilities

22,300

692,100

717,895

717,867

705,090

4,982

-2,545

20,773

21,062

41,587

39,478

32,077

21,945

33,610

15,047

72,186

35,636

43,318

99,711

5,503

35,390

16,043

-3,595

29,909

70,473

86,515

105,821

120,996

56,142

89,709

77,373

24,838

19,061

-32,811

-30,445

-680

17,369

32,837

0

0

0

Net cash (used in) provided by operating activities

335,890

387,215

408,195

357,600

329,114

356,198

233,473

325,351

309,548

329,621

370,161

390,963

325,127

369,229

278,527

366,454

349,045

307,987

403,504

276,405

339,061

282,397

171,157

172,980

187,128

209,696

212,870

258,520

249,305

278,619

296,077

257,315

154,222

81,074

-5,168

-15,809

71,687

85,821

0

0

0

Cash flows from investing activities:
Capital expenditures

60,116

61,419

62,077

57,025

58,410

63,783

65,661

66,947

66,226

69,473

69,022

73,134

80,995

88,556

97,700

102,911

108,289

103,497

96,806

92,437

92,130

103,453

136,531

173,259

183,182

182,525

153,210

116,253

98,443

83,398

76,154

67,120

55,063

45,495

39,456

35,148

38,372

39,782

0

0

0

Acquisitions of businesses, net of cash acquired

-

-

-

-

-

-

-

-

-

158,457

159,365

143,704

143,704

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Disposals and recoveries from property, plant, and equipment

-

-

-

-

-

380

391

388

388

15

0

0

0

-

-

-

-

72

2,194

2,180

2,347

2,271

0

0

0

-

-

-

-

6

6

16

16

10

10

0

0

286

0

0

0

Net cash used in investing activities

-59,367

-60,670

-61,324

-56,269

-58,307

-63,307

-64,266

-81,216

-80,591

-227,915

-228,387

-216,815

-224,483

-88,340

-97,478

-102,689

-108,293

-103,425

-98,162

-93,807

-93,333

-104,732

-136,388

-173,125

-221,189

-220,532

-191,217

-154,260

-98,443

-83,392

-76,156

-67,112

-116,254

-106,692

-100,645

-96,347

-38,372

-39,496

0

0

0

Cash flows from financing activities:
Proceeds from senior notes due 2027

0

500,000

500,000

500,000

500,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of senior notes due 2021

0

400,000

400,000

400,000

400,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Premiums paid to extinguish debt

0

5,252

5,252

5,252

5,252

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of debt issuance costs

71

5,793

5,871

6,761

6,690

968

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

177

647

7,103

7,044

6,989

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payments on term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

334,523

0

0

0

Borrowings under secured revolving credit facility

839,000

265,000

265,000

220,000

310,000

290,000

290,000

250,000

230,000

200,000

200,000

100,000

20,000

0

0

185,237

185,237

205,586

205,586

20,349

20,349

0

0

0

0

-

-

-

-

2,500

2,500

2,500

2,500

0

0

0

0

-

-

-

-

Payments on secured revolving credit facility

226,000

361,000

391,000

396,000

400,000

315,000

180,000

230,000

195,000

163,965

93,965

18,965

18,965

0

0

185,237

185,237

205,237

205,237

20,000

20,000

0

0

0

0

-

-

-

-

52,500

52,500

52,500

2,500

0

0

0

0

-

-

-

-

Repurchases of common stock

202,199

196,910

194,999

196,378

207,799

193,028

183,281

179,619

167,330

188,762

212,281

218,472

275,511

300,445

271,089

241,605

167,731

110,290

97,669

94,913

93,927

82,099

62,769

452,456

447,483

454,133

454,133

37,757

8,942

0

0

0

0

-

-

-

-

-

-

-

-

Dividends paid

93,095

89,591

88,131

86,710

85,229

83,717

80,585

77,350

74,160

70,914

69,667

68,507

67,321

66,355

61,542

56,564

51,463

46,028

44,641

43,240

41,866

40,477

39,180

38,573

37,923

27,715

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Income tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

4,800

4,943

5,633

6,212

8,839

8,307

7,840

7,101

4,700

4,621

4,861

10,879

11,040

11,148

10,855

4,756

2,760

2,995

5,894

8,028

6,900

6,568

3,510

1,393

9,249

0

0

0

Withholdings from vestings of restricted stock

4,963

4,328

4,297

4,289

4,324

6,830

6,846

6,830

6,784

5,753

5,733

5,755

5,771

8,673

8,670

8,782

8,774

12,651

12,651

12,674

12,800

4,548

4,533

4,764

4,748

5,052

5,043

4,977

4,982

2,846

3,340

2,987

3,022

2,181

1,847

3,150

1,816

927

0

0

0

Proceeds from exercises of stock options

11,550

14,490

8,746

9,567

10,608

10,597

12,030

12,692

11,581

8,438

5,920

5,187

5,045

7,166

7,619

7,517

7,955

6,976

7,036

7,076

6,286

9,064

8,259

8,250

14,698

12,912

14,459

14,414

7,763

5,685

5,008

7,575

8,461

6,786

5,644

2,517

1,241

9,696

0

0

0

Net cash provided by (used in) financing activities

324,222

-283,384

-315,804

-365,823

-288,686

-298,946

-149,553

-233,226

-203,812

-223,075

-177,131

-205,396

-340,867

-363,507

-328,872

-303,001

-223,001

-162,005

-148,368

-144,526

-143,880

-122,438

-103,150

-104,506

-86,342

-84,658

-73,765

-28,903

-53,321

-46,317

-47,253

-39,518

13,467

11,505

4,817

-46,132

-150,309

-133,984

0

0

0

Net effect of exchange rate changes on cash and cash equivalents

-1,794

1,073

-1,029

-252

-2,228

-2,362

-1,126

-1,271

833

505

101

-268

-640

767

189

15

-10

-1,986

-2,360

-1,691

-1,684

-1,135

208

439

76

-196

-390

-854

-513

-168

19

219

229

225

0

0

0

-

-

-

-

Net increase (decrease) in cash and cash equivalents

598,951

44,234

30,038

-64,744

-20,107

-8,417

18,528

9,638

25,978

-120,864

-35,256

-31,516

-240,863

-81,851

-147,634

-39,221

17,741

40,571

154,614

36,381

100,164

54,092

-68,173

-104,212

-120,327

-95,690

-52,502

74,503

97,028

148,742

172,687

150,904

51,664

-13,888

-100,695

-158,288

-116,994

-87,659

0

0

0