CARLISLE COMPANIES INCORPORATED CSL Cash Flow

Carlisle companies incorporated (CSL)

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
Operating activities:
Net income
61,800	102,600	137,900	152,900	79,400	88,100	99,700	113,700	309,600	115,100	86,300	102,300	61,800	76,200	-9,800	115,200	68,500	81,800	103,600	94,900	39,400	52,900	87,400	75,200	35,800	69,700	76,600	8,200	55,200	47,800	69,600	92,800	60,000	38,600	53,700	54,600	33,400	32,200	50,600	38,500	24,300
Reconciliation of net income to net cash provided by operating activities:
Depreciation
24,600	22,800	21,800	22,500	21,300	21,800	20,800	21,100	22,700	23,400	21,300	20,600	19,600	19,200	19,000	18,500	18,400	-	-	18,400	17,600	17,300	16,000	15,900	15,500	16,300	19,700	19,200	20,200	18,900	18,700	18,700	18,300	16,900	14,700	18,100	18,400	14,100	14,500	15,700	14,500
Amortization
32,200	31,100	29,700	28,400	27,800	25,600	25,100	25,200	28,300	25,000	20,300	19,700	19,200	16,600	15,600	15,400	15,100	-	-	15,100	10,700	10,900	9,500	8,800	10,100	7,700	10,300	11,000	9,500	7,500	7,300	6,900	8,600	6,500	4,300	4,500	4,600	4,000	3,000	3,100	3,000
Lease expense
7,400	7,200	7,100	6,800	6,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
12,700	6,900	7,900	4,500	6,800	6,100	4,400	6,600	6,800	1,300	4,600	4,100	3,200	500	2,100	-8,000	2,800	1,700	3,400	-4,900	2,500	-7,000	2,900	3,200	4,200	1,700	1,600	2,200	6,400	2,700	1,800	1,000	3,000	2,800	5,400	500	3,800	1,600	3,200	3,600	3,600
Loss on extinguishment of debt
-8,800	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of property and equipment, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,300	600	1,700	500	-300	-600	-1,200	-100	-300	-500	-1,200	200	-1,100	300	13,900	0	-200	3,800
Tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,100	400
Deferred taxes
2,300	-12,200	1,400	1,400	500	-9,800	100	6,600	2,300	-61,600	1,600	1,300	200	-	-	-	-	-18,100	900	2,200	-800	-9,200	-2,500	-300	2,100	-22,100	6,700	-33,100	-13,200	-9,200	-300	-700	-3,600	2,200	0	-200	-200	13,100	1,500	-6,000	-1,100
Gain on sale of discontinued operations, net of tax
-	-	-	-	-	-600	3,400	-300	247,900	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other operating activities, net
-6,000	-100	2,600	200	-8,100	19,200	-9,800	6,300	3,100	-7,600	1,600	-7,100	-800	-15,600	20,100	2,700	-1,200	3,100	-1,500	-1,900	1,600	1,600	2,200	-200	-1,200	-	-1,900	1,900	-700	600	0	-1,300	500	-	-100	-200	100	-200	400	600	-200
Foreign exchange gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	-	400	400	-500	-300	100	-300	400	-	-	-	600	-	-	-	-600	400	200	700	500
Changes in assets and liabilities, excluding effects of acquisitions:
Receivables
8,300	-119,900	-52,400	148,300	49,700	-152,700	12,300	168,100	26,800	-101,400	-12,300	133,500	34,100	-93,800	-26,700	118,900	1,300	-96,500	-33,400	129,500	12,200	-134,400	17,300	123,000	12,200	-98,800	-27,900	83,500	34,800	-97,400	-62,300	43,100	95,600	-74,700	-31,500	129,200	48,400	-43,000	-8,800	65,100	58,400
Inventories
64,900	-7,200	2,700	-12,200	18,600	-32,900	1,700	4,400	55,800	2,600	7,200	4,900	33,800	-8,400	1,300	-700	20,000	-29,500	-7,100	-7,800	21,400	-10,400	7,300	5,500	25,300	20,600	-13,500	-20,500	-22,200	-15,100	-13,800	10,200	-7,800	31,900	32,200	-900	12,600	2,400	29,900	15,200	8,800
Contract assets
3,300	-	-	-	13,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other assets
-32,500	11,800	18,700	-7,300	-19,600	1,100	4,100	8,300	-11,500	21,500	5,000	-3,100	-3,300	10,200	3,100	2,100	-6,200	-6,100	6,700	900	-8,200	3,100	3,800	10,300	-11,700	-10,300	4,900	-2,100	-3,600	-27,200	2,000	-8,500	-15,100	7,100	-2,300	9,200	-21,300	-	-	-	-
Accounts payable
6,900	-54,500	0	17,600	53,400	-52,100	-53,700	39,100	27,200	-18,600	-10,400	40,500	31,200	-21,700	-18,000	34,200	27,100	-52,300	8,000	8,300	33,100	-62,900	-11,400	32,600	36,600	-35,200	-10,200	19,900	4,900	-26,800	-38,600	10,600	39,100	-29,400	3,900	59,000	17,400	-	-	-	-
Accrued and other current liabilities
-58,900	-7,400	59,900	-16,300	-31,000	-33,700	24,900	-50,500	-40,600	-19,300	46,700	39,800	-46,600	-2,200	19,400	23,400	-17,500	-14,500	20,000	83,900	-26,500	-1,500	29,300	15,500	-28,800	-21,200	60,400	14,300	-40,900	-25,900	26,800	22,200	-8,200	-4,700	20,300	12,300	-38,900	-	-	-	-
Contract liabilities
6,900	5,400	5,900	4,400	2,800	0	3,100	5,400	3,300	3,900	2,300	5,300	7,800	4,300	3,300	-1,400	5,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10,300	66,000	4,700
Income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,400	-1,500	6,400
Other long-term liabilities
-8,900	-10,000	-5,100	-16,500	-2,600	300	-700	-3,200	300	-900	-3,400	0	-300	600	-100	-3,400	3,000	-700	-700	1,900	700	-11,600	-5,900	8,500	500	1,800	-6,900	2,000	4,000	3,200	1,500	800	4,400	4,600	1,600	2,000	700	-2,700	2,500	500	-600
Net cash provided by operating activities
53,200	213,600	292,400	87,300	109,800	236,600	105,400	-36,000	33,200	159,100	164,900	102,800	31,900	176,100	175,200	70,900	109,000	176,300	204,100	99,300	49,500	131,200	94,300	19,100	51,300	99,200	196,000	81,500	38,000	162,700	168,900	106,000	48,300	72,300	105,200	14,000	-300	45,000	41,900	37,400	-16,900
Investing activities:
Acquisitions, net of cash acquired
2,400	328,700	15,700	70,000	202,000	0	200	18,600	700	654,300	54,100	100	225,800	82,400	0	95,000	8,100	-	-	-	-	-	-	-	-	-	-	-	-	265,000	0	-300	49,600	-	-	-	-	-	-	-	-
Capital expenditures
22,800	32,300	15,600	17,700	23,300	24,600	29,200	24,400	42,500	54,100	39,700	35,700	30,400	31,500	31,400	27,200	18,700	23,400	14,900	14,700	19,100	25,700	29,200	39,800	24,100	33,100	28,300	22,600	26,800	46,700	33,100	38,600	22,000	31,100	14,700	16,900	16,900	17,800	15,200	23,200	8,400
Proceeds from sale of discontinued operation
-	-	-	-	-	0	3,400	0	754,600	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities, net
-900	-8,200	-1,100	-200	-900	0	-5,700	-2,100	-3,600	300	-100	-100	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	-	-1,000	2,700	1,000	5,200	6,400	0	300	-	-	-	-	2,200	0	800	500	3,400	500	100	5,100
Proceeds from sale of business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3,700	22,100	-	-	-	-	-80,400	300	40,600	-20,300
Net cash used in investing activities
-24,300	-352,800	-30,200	-87,500	-224,400	-24,600	-20,300	-40,900	715,000	-708,700	-93,700	-35,700	-256,200	-113,800	-30,700	-122,100	-26,800	-23,300	-36,000	-592,500	-19,000	-217,100	-30,200	-27,400	-23,100	341,100	-21,900	-22,600	-26,500	-311,300	-33,100	-34,600	-49,500	-312,600	-121,100	-13,400	-16,400	-318,600	-14,400	-23,300	17,000
Financing activities:
Repayments of revolving credit facility
-	-	-	-	-	-	-	-	-	883,000	153,000	103,000	50,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in short-term borrowings and revolving credit lines
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-100	-700	600	-168,100	-125,000	-66,800	2,500	243,900	12,100	-9,800	100,700	-	-	-	-
Proceeds from notes
740,700	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of notes
258,500	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings from revolving credit facility
500,000	-	-	-	0	-	-	-	-	698,000	228,000	213,000	50,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchases of common stock
120,600	150,000	0	75,000	157,100	164,400	59,700	113,700	122,000	2,000	116,400	150,000	0	13,700	20,400	12,400	28,500	79,300	25,100	24,000	8,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of Hawk bonds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	59,000	-	-	-	-
Dividends paid
28,300	28,400	28,300	22,900	23,300	23,800	24,100	22,500	23,100	23,100	23,200	23,100	22,700	22,700	22,800	19,500	19,500	19,600	19,600	16,400	16,700	16,200	16,200	14,600	14,200	14,000	14,100	12,800	12,800	12,900	12,600	11,300	11,200	11,200	11,200	10,600	10,500	10,500	10,400	9,900	9,800
Financing costs
24,200	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
10,500	9,700	6,800	9,900	10,600	400	17,300	3,300	1,700	4,300	600	1,900	1,600	2,200	6,400	35,300	4,500	4,200	3,900	22,200	9,100	29,800	1,100	400	11,200	4,000	3,700	7,100	4,700	8,900	11,400	15,700	2,800	1,500	100	13,800	-1,600	2,300	100	4,900	100
Withholding tax paid related to stock-based compensation
6,400	700	400	6,000	3,300	400	100	5,000	4,600	1,400	100	1,100	7,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other financing activities, net
-200	-100	-2,600	-100	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,100	400
Net cash used in financing activities
813,000	-169,500	-24,500	-94,100	-173,100	-188,200	-66,600	-137,900	-148,000	781,700	-64,100	-62,300	-28,100	-29,400	-186,900	-1,300	-43,500	-94,700	-40,800	-21,100	-16,400	12,100	-15,100	-14,200	-3,000	-17,100	-10,500	-6,400	-7,500	173,900	-126,200	-62,400	-5,900	232,400	1,000	-6,600	29,600	247,300	-10,200	-4,000	-9,300
Effect of foreign currency exchange rate changes on cash and cash equivalents
-5,400	1,800	-1,600	-300	700	-700	-400	-1,900	1,900	-100	700	1,000	1,100	-3,000	-100	-100	1,100	-2,000	-2,100	-900	-500	-	-	-	-	-1,100	600	-300	-500	100	700	-1,100	1,300	800	-2,400	900	1,900	900	900	-100	-500
Change in cash and cash equivalents
836,500	-306,900	236,100	-94,600	-287,000	23,100	18,100	-216,700	602,100	232,000	7,800	5,800	-251,300	29,900	-42,500	-52,600	39,800	56,300	125,200	-515,200	13,600	-74,300	48,100	-22,700	25,200	422,100	164,200	52,200	3,500	25,400	10,300	7,900	-5,800	-7,100	-17,300	-5,100	14,800	-25,400	18,200	10,000	-9,700
Less: change in cash and cash equivalents of discontinued operations
-	-	-	-	-	0	0	0	1,300	2,600	2,100	900	-4,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-