CHARLES RIVER LABORATORIES INTERNATIONAL, INC. CRL Cash Flow

Charles river laboratories international, inc. (CRL)

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	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows relating to operating activities
Net income
50,837	80,512	73,552	44,309	55,688	60,198	60,902	54,379	53,245	-29,067	52,955	54,602	46,959	45,227	38,033	35,557	37,549	32,361	37,867	49,245	31,614	27,672	32,352	35,816	32,358	19,444	31,223	27,713	25,771	18,528	22,202	30,589	26,547	27,228	18,893	32,424	31,432	-347,978	-25,234	14,095	17,000
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	0	0	1,529	-23	-23	-39	-71	-4	-48	342	12	-26	-902	-34	-7	-7	-864	52	-644	-270	-82	-113	-915	-155	-4,189	-182	42	77	150	-18	-1,732	-3,945	-5,549	-986	-1,139	-338
Income from continuing operations, net of income taxes
-	-	-	-	-	60,198	60,902	52,850	53,268	-29,044	52,994	54,673	46,963	45,275	37,691	35,545	37,575	33,263	37,901	49,252	31,621	28,536	32,300	36,460	32,628	19,526	31,336	28,628	25,926	22,717	22,384	30,547	26,470	27,078	18,911	34,156	35,377	-342,429	-24,248	15,234	17,338
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
57,260	51,833	51,758	49,146	45,358	41,581	43,592	43,396	33,210	33,484	33,465	31,799	32,411	35,542	34,108	32,353	24,655	25,551	23,814	23,148	22,368	26,010	26,083	24,302	20,050	29,300	26,916	20,410	20,010	20,658	20,550	20,065	20,002	20,981	21,168	21,816	21,265	23,659	23,485	22,925	23,580
Amortization of debt issuance costs and discounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	398	1,149	423	427	430	433	435	437	429	4,138	4,557	4,486	4,474	4,317	4,345	4,781	6,378	4,521	4,330	-	-	-	-
Stock-based compensation
10,960	13,842	14,025	16,505	12,899	11,438	11,820	13,547	10,541	11,101	11,526	11,890	9,486	10,995	10,600	12,106	9,941	9,773	10,476	10,199	9,674	7,903	8,251	8,222	6,659	6,311	6,047	6,280	5,904	6,027	5,242	5,320	5,266	4,787	5,571	5,429	5,919	4,243	6,667	7,760	6,856
Deferred income taxes
-2,973	3,197	-23,745	-9,128	7,781	683	-4,173	-5,430	-782	10,078	-4,775	-3,322	26,273	2,215	1,578	-14,370	12,522	6,924	-5,169	-8,540	9,474	5,920	-5,503	-6,421	13,064	-9,521	2,439	-498	6,734	2,649	-5,928	-1,150	5,740	-7,208	-4,195	-687	3,422	-	-	-	1,290
Loss (gain) on venture capital and other investments
-12,035	14,976	-597	-4,254	10,575	-6,860	5,375	10,934	6,451	10,579	5,631	2,587	4,103	-	-	-	-	219	3,240	-907	1,271	1,924	-803	2,076	6,104	1,032	3,527	1,395	-90	-	-	-	-	-	-	-	-	-	-	-	-
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal
-	-	-	-	-	-	-	-	-	0	0	0	10,577	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on bargain purchase
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-96	55	9,878	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-10,495	-3,066	-1,553	-3,692	380	-5,577	-3,075	-3,029	-3,932	1,700	130	-570	-594	-5,537	-7,722	6,378	1,252	-1,251	-1,299	-719	917	-564	2,063	863	-1,380	1,581	-2,180	526	-682	1,974	-4,178	-1,780	-1,535	5,907	1,128	-720	-518	2,026	-83	-8,695	4,955
Changes in assets and liabilities:
Trade receivables, net
32,136	-16,168	-12,047	13,411	23,127	-9,122	10,943	15,595	3,780	5,567	16,116	5,534	21,062	9,520	15,624	11,357	16,279	-19,467	11,856	6,272	18,302	-12,873	9,800	10,937	20,224	-3,171	-3,787	12,216	14,234	-11,665	2,541	5,509	19,881	-16,136	-5,751	-2,948	17,166	-16,961	-7,729	2,225	28,105
Inventories
-4,076	8,418	10,416	45	2,520	2,998	2,896	3,943	3,501	8,338	1,754	5,153	2,593	-331	2,667	-1,396	3,081	-3,834	-1,192	2,093	-431	-1,617	2,071	208	2,294	3,016	-2,327	3,804	-2,922	-2,968	977	4,518	-3,312	3,324	-5,528	2,774	-4,336	-185	2,039	-78	-3,765
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,437	-11,319	5,448	-9,910	127	8,937	5,991	-10,338	3,604	-462	4,775	1,318	-3,866	2,203	462	2,099	-1,075	-1,165	406	-5,392	3,327	-188	4,384
Accounts payable
-10,003	5,294	6,286	7,950	10,245	-7,410	7,286	-11,532	-1,076	6,194	668	-570	-6,258	4,892	-2,539	10,371	9,352	2,068	-2,646	-1,286	3,038	6,378	-6,183	-1,906	6,310	608	-8,831	6,181	-5,038	3,486	-7,360	2,804	-2,187	1,749	856	-2,567	2,170	-3,256	2,932	-4,300	4,695
Accrued compensation
-45,245	26,714	2,101	29,693	-55,114	25,528	8,505	28,574	-30,991	14,214	167	19,684	-30,399	1,135	12,406	11,782	-16,025	6,176	14,995	4,495	-17,252	2,836	12,024	4,610	-5,839	1,426	11,636	1,515	-2,651	-1,675	10,177	-2,231	-1,659	-2,269	-8,573	7,618	-4,188	3,467	-4,688	6,452	-749
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	4,094	-	-	-	-	-	833	-899	1,321	13,418	6,884	1,327	615	-1,008	575	1,024	-3,888	-1,198	-4,066	3,386	963	2,885	-3,518	-809	-8,073	5,015	894	-6,209	-3,909
Deferred revenue
6,065	-2,064	-1,315	14,164	-14,405	2,581	37,822	13,961	-18,292	8,383	-10,589	-6,260	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer contract deposits
4,454	-3,312	3,332	-5,052	-5,866	-6,340	-3,088	13,977	23,566	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets and liabilities, net
-2,765	-8,827	-26,072	12,524	5,125	-2,155	29,283	-1,972	-407	-17,700	340	-9,228	10,800	-11,232	10,979	-8,664	11,564	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,394	11,537	-2,742	-5,071	3,343	3,079	6,933	-2,526	4,105	-2,647	1,827	-5,532	7,562	-3,966	-5,114	2,375	-980	-2,937	187	-5,397	567	8,927	1,404
Taxes payable and prepaid taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,790	13,943	-20,639	-3,137	2,849	9,695	-16,497	6,503	-5,265	2,646	-6,938	-4,992	4,586	10,057	-7,320	7,414	3,078	-909	-23,365	3,665	4,708	3,663	1,051
Other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-274	-11,346	-527	-6,411	-375	195	-2,662	-643	-2,943	-1,232	-1,151	2,194	-1,112	-1,332	-5,733	-2,105	-1,674	-2,386	-2,933	-167	-4,487	-1,089	149
Net cash provided by operating activities
68,590	180,677	155,847	129,553	14,859	139,973	117,244	123,872	60,051	124,236	59,485	100,324	34,029	118,647	72,296	80,112	45,844	120,938	88,289	86,354	11,252	99,849	66,845	56,975	28,463	62,495	67,607	48,966	29,977	64,327	61,035	57,367	25,277	71,897	48,248	65,304	21,393	67,467	16,827	56,006	27,936
Cash flows relating to investing activities
Acquisition of businesses and assets, net of cash acquired
382,250	54	23,266	491,392	989	2,257	1,261	801,134	20,216	2,538	22,474	0	0	50,875	18,835	578,454	318	35,677	201,294	9,787	893	51,116	0	183,151	0	5,000	0	77	24,141	-41	16,902	0	0	-	-	-	-	-	-	-	-
Capital expenditures
25,721	63,839	35,163	24,781	16,731	68,676	22,439	21,213	27,726	28,503	22,011	15,997	15,920	25,679	9,568	11,791	8,250	28,244	10,452	13,908	10,648	27,018	9,402	9,315	11,190	13,835	9,096	9,794	6,429	13,739	10,242	9,441	14,112	27,471	8,222	6,661	6,789	16,007	9,128	8,432	9,293
Purchases of investments and contributions to venture capital investments
7,121	4,677	2,911	12,334	2,419	4,590	9,438	5,829	5,268	4,082	12,159	23,278	6,698	19,970	2,167	11,716	6,395	7,920	11,141	5,450	9,724	8,477	8,437	3,029	6,705	2,225	8,928	2,566	3,847	7,723	2,636	3,484	4,694	4,719	4,503	5,786	9,548	997	9,100	10,778	6,725
Proceeds from sale of investments
2,504	927	0	0	15	5,254	189	1,810	28,596	2,524	3,125	344	3,135	21,617	17,961	2,374	5,700	-4,819	13,206	3,068	8,288	5,036	3,146	1,752	11,066	1,147	3,629	1,219	5,589	1,607	2,125	6,869	14,555	3,767	7,923	16,262	3,655	4,997	11,884	5,432	50,151
Proceeds from divestiture
-	-	-	-	-	-	-	-	-	0	0	0	72,462	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
1,097	3,228	53	-82	689	687	62	6	50	228	266	39	-17	96	284	-1,253	-2,821	1,977	2,810	-1,882	-684	-774	-2	2,244	-318	-199	-49	-13	-46	-40	-1,017	-756	-973	-3,827	-632	-842	-146	-378	-233	-257	-82
Net cash used in investing activities
-413,685	-70,871	-61,393	-528,425	-20,813	-70,956	-33,011	-826,372	-24,664	-32,827	-53,785	-38,970	52,996	-75,003	-12,893	-598,334	-6,442	-78,637	-212,491	-24,195	-12,293	-80,801	-14,691	-195,987	-6,511	-19,714	-14,346	-11,205	-28,782	-19,774	-26,638	-5,300	-3,278	-24,596	-4,170	4,657	-12,536	-11,629	-6,111	-13,521	34,215
Cash flows relating to financing activities
Proceeds from long-term debt and revolving credit facility
1,409,793	1,287,286	585,444	1,195,620	290,111	362,827	-367	1,312,269	1,080,299	7,601	93,031	23,500	112,724	117,885	44,806	832,552	49,423	38,736	159,565	254,385	39,828	51,000	10,000	188,568	49,352	44,000	44,495	390,506	32,803	21,001	14,998	10,117	28,000	14,902	84,971	228	150,607	1,538	576,369	440	1,025
Proceeds from exercises of stock options
22,608	7,564	3,129	2,021	21,832	7,429	6,032	4,155	20,041	3,781	5,134	10,232	19,723	1,554	1,820	7,309	12,514	2,780	946	1,505	34,136	26,947	10,207	1,693	34,841	34,803	22,635	11,203	25,148	6,443	8,809	392	2,715	51	7,861	7,474	5,239	1,374	474	1,583	1,061
Payments on long-term debt, revolving credit facility, and finance lease obligations
925,109	1,325,968	721,859	716,103	360,658	368,198	152,598	583,412	1,096,795	63,177	59,285	91,833	158,140	129,653	151,774	325,800	49,409	26,283	89,765	277,605	23,678	62,105	34,027	25,815	72,589	21,063	41,057	406,282	54,902	27,616	36,376	29,789	46,566	38,666	132,285	72,248	9,766	16,753	301,049	41,051	22,682
Payments on debt financing costs
-	-	-	-	-	0	23	13,382	4,932	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of treasury stock
23,675	47	157	123	17,760	55	123	119	13,549	7	36,082	22,640	48,180	41	28	51	12,147	47	17,945	40,854	58,632	33	20,376	80,797	20,812	74,229	64,804	15,670	11,229	18,347	15,029	15,567	15,246	28,185	64,501	16,644	174,465	106	353,456	70	2,895
Other, net
-4,405	-1,286	0	-7,908	-2,608	-1,440	0	0	0	-1,208	-3,200	1	-451	-10,012	-391	-3,467	-675	-11,004	-514	-3,092	10,280	1,309	280	707	3,064	582	-182	-2,664	1,670	405	61	12	462	-4,111	-2,186	814	-876	-408	-12,674	-854	239
Net cash provided by (used in) financing activities
479,212	-39,044	-133,443	473,507	-69,083	563	-147,079	719,511	-14,936	-53,010	-402	-80,740	-74,324	-23,926	-105,567	510,543	-294	4,182	52,287	-65,661	1,934	17,118	-33,916	84,356	-6,144	-15,907	-38,913	-22,907	-6,510	-18,114	-27,537	-34,835	-30,635	-56,009	-106,140	-80,376	-29,261	-14,355	-90,336	-39,952	-23,252
Discontinued operations
Net cash used in operating activities from discontinued operations
-	-	-	-	-	0	-4	-3,095	-636	-320	-492	-524	-473	-622	-652	-293	-489	-611	-338	-611	-316	-511	119	-25	-664	-373	-587	-943	-3	-	-204	-88	0	144	45	-1,710	-38	124	799	-669	523
Supplemental cash flow information:
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
290	2,564	3,123	-355	6,025	-14,138	9,361	-8,951	4,254	2,099	2,327	5,103	1,705	-7,321	-1,974	5,560	739	-2,493	-4,522	3,001	-8,681	-6,379	-4,622	1,843	-1,221	-1,028	3,172	-812	-3,945	-164	492	-2,099	762	-3,751	-2,594	-576	-186	112	-2,828	-5,933	-1,644
Net change in cash, cash equivalents, and restricted cash
134,407	73,326	-35,866	74,280	-69,012	55,442	-53,489	4,965	24,069	40,178	7,133	-14,807	13,933	11,775	-48,790	-2,412	39,358	43,379	-76,775	-1,112	-8,104	29,276	13,735	-52,838	13,923	25,473	16,933	13,099	-9,263	26,461	7,148	15,045	-7,874	-12,315	-64,611	-12,914	-20,415	41,727	-81,644	-3,122	39,625
Net cash provided by investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	5	961	1,833
Net cash provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	213	-	-	-	14
Net cash used in operating activities from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-587	-943	-3	186	-204	-88	0	144	45	-1,923	175	132	804	278	2,370
Non-cash investing and financing activities:
Capitalized interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	64	-5	99	182	191	96	54	56	92	-	-	-	1,998