Cooper tire & rubber co (CTB)
CashFlow / Quarterly
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
Operating activities:
Net (loss) income

-11,317

52,870

29,009

9,260

7,178

438

55,433

15,709

8,983

-41,120

62,659

45,825

29,381

70,692

50,479

71,351

58,772

59,515

53,651

60,475

42,163

85,699

54,637

44,758

51,728

25,827

3,301

41,600

62,837

83,075

82,711

58,590

28,050

214,718

21,961

14,447

18,477

46,236

50,308

50,171

17,172

Adjustments to reconcile net income (loss) to net cash used in operations:
Income from discontinued operations, net of income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-247

-1

25,126

-760

Depreciation and amortization

37,807

36,536

37,171

37,049

37,298

36,951

36,623

37,163

36,424

33,576

35,976

35,927

34,749

33,329

32,836

32,300

31,792

30,820

31,131

29,987

29,470

33,847

35,552

34,882

34,885

35,529

33,712

33,389

32,121

32,722

32,083

32,007

32,104

31,193

29,478

32,570

29,658

31,836

32,894

29,132

29,859

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

912

834

299

1,584

28,994

4,898

-650

787

-5,078

2,548

233

2,506

-172,226

1,993

550

993

3,587

-249

-397

-154

Amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

336

335

337

-

495

496

501

Stock-based compensation

390

889

1,154

1,450

869

1

1,240

1,347

1,280

298

1,136

1,292

1,283

1,770

2,101

4,947

4,752

3,209

3,036

6,035

2,639

3,202

2,233

2,176

1,436

503

2,009

2,643

1,818

2,124

2,241

2,280

1,391

1,063

731

1,360

979

1,202

2,111

2,445

1,087

Change in LIFO inventory reserve

-8,563

110

-7,359

9,965

-168

-4,160

-1,277

12,311

-9,900

17,394

-10,929

-17,922

14,438

15,416

14,806

11,667

-29,899

-7,976

6,380

-1,818

-49,694

19,259

-19,402

-3,483

-31,579

25,622

-18,814

-5,241

-12,978

-28,296

-52,685

8,495

8,801

-26,361

1,007

10,258

60,448

23,995

-6,506

31,606

15,021

Amortization of unrecognized postretirement benefits

8,385

9,132

9,074

9,109

9,131

9,127

9,139

9,186

9,210

10,541

10,524

10,489

10,450

10,792

10,680

10,795

10,791

11,529

11,567

11,496

11,578

8,893

9,006

9,023

8,985

13,150

14,469

12,327

12,337

11,519

11,445

11,448

11,427

8,806

8,837

8,853

8,829

3,401

12,616

8,223

8,282

Loss on sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-16

-87

-41

-2,694

-1,525

-1,063

2

-211

Changes in operating assets and liabilities:
Accounts and notes receivable

-11,772

-89,551

11,785

71,064

-2,278

-69,213

20,457

53,530

14,955

-75,504

32,459

79,237

-17,546

-25,410

6,871

16,921

44,148

-51,473

28,433

15,930

22,265

-122,905

52,742

38,795

96,004

-65,410

-27,537

11,802

55,784

-91,310

-14,817

11,309

56,638

-88,369

73,541

-1,868

43,827

-39,728

43,966

1,562

107,397

Inventories

41,123

-110,398

-23,075

37,764

81,354

-52,395

-49,147

-7,052

81,156

-43,808

-18,862

-10,361

104,851

-12,005

6,968

50,373

32,536

-57,626

-12,369

9,402

8,729

-34,994

-53,598

14,850

74,266

-47,410

-89,352

-11,102

85,244

-53,616

-38,506

89,846

30,477

-151,658

-48,965

170,120

136,086

38,333

-26,806

57,228

80,030

Other current assets

7,848

-15,613

-606

-1,212

2,170

-7,110

-3,382

7,040

5,532

-9,473

9,580

13,472

2,069

-17,619

-3,405

16,919

274

-18,262

9,106

12,309

-2,222

-519

-812

-2,357

5,850

12,973

1,393

13,111

1,374

1,006

-1,674

331

9,273

24,879

-12,271

-14,323

-4,914

8,929

1,315

6,542

-2,880

Accounts payable

-20,422

12,301

-5,091

-141

2,740

4,146

19,122

-25,685

13,063

-5,596

-2,419

-16,860

-6,342

-242

6,472

15,267

-8,369

-17,219

-4,491

-2,304

-18,054

9,252

-7,590

8,151

57,921

-3,671

-39,112

-14,270

-24,550

-41,753

-9,180

20,932

67,940

-86,863

-64,395

80,704

12,506

19,842

-29,048

34,769

52,914

Accrued liabilities

-91,414

833

25,132

32,746

-63,228

14,467

7,138

20,808

-34,778

6,907

1,878

23,559

-44,570

-44,242

14,716

16,875

-9,635

-19,777

27,537

3,173

14,779

-26,576

27,546

8,914

16,059

-48,414

44,527

-10,089

18,615

-7,008

34,510

4,047

28,769

-14,913

-15,944

2,145

29,485

-11,192

1,620

-10,415

8,496

Other items

-7,964

-24,741

16,235

-5,426

8,986

-44,630

47,329

18,657

-58

-52,230

24,979

15,234

17,989

-33,893

24,654

11,536

-22,465

41,431

17,273

14,527

12,111

16,108

16,415

15,959

-7,549

28,124

23,403

25,838

-17,384

29,079

6,183

-20,818

2,377

-28,652

-10,716

11,085

30,866

5,905

25,999

-3,019

-21,062

Net cash provided by discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-247

-1

18,186

-924

Net cash used in operating activities

-114,369

305,006

84,751

-2,752

-96,412

220,781

112,161

-1,336

-77,303

210,201

50,669

-15,272

-67,974

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

152,487

57,364

82,223

198,225

-17,498

-13,751

-41,459

107,346

20,830

76,775

-30,260

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,711

171,065

86,368

54,876

-8,002

221,094

88,069

37,473

-27,552

149,263

137,083

20,060

-34,031

-

-

-

-

-

-

-

-

107,593

20,831

58,589

-29,336

Investing activities:
Additions to property, plant and equipment and capitalized software

54,827

46,914

50,454

45,487

59,867

49,325

46,215

38,037

59,722

54,119

53,264

45,201

44,602

48,516

41,442

49,313

36,166

53,943

40,003

40,900

47,698

32,915

35,994

36,360

39,772

45,036

42,335

43,730

49,347

63,859

45,608

40,807

37,062

34,120

38,186

47,197

35,903

44,698

29,992

29,584

15,464

Acquisition of business, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

17,380

-

-

-

-

Acquisition of assets in Serbia

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

18,534

-

-

-

-

-

-

-

-

Proceeds from the sale of assets

65

113

-43

11

38

0

0

27

133

236

-1

32

11

6

0

311

20

96

0

202

1,353

159

709

280

100

-

-

-

-

-

-

-

-

0

0

0

3,450

1,287

919

212

80

Net cash used in investing activities

-54,762

-46,801

-50,497

-94,477

-59,829

-49,325

-46,215

-38,010

-59,589

-53,883

-53,265

-45,169

-44,591

-54,438

-41,442

-49,002

-36,146

-53,847

-40,003

-40,698

-46,345

137,955

-35,285

-36,080

-39,672

-44,845

-42,260

-43,273

-49,347

-63,815

-45,473

-40,188

-55,596

-34,120

-38,186

-47,197

-49,833

-43,411

-29,073

-29,372

-15,384

Financing activities:
Issuances of short-term debt

273,587

-

-

-

6,608

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net issuances of short-term debt

4,308

14,700

-4,133

4,721

0

14,831

13,901

16,074

-5,356

47,350

-6,034

16,249

-16,608

10,664

8,555

-1,614

-7,586

-2,172

4,423

-2,715

-40,839

-108,026

160,470

-619

3,622

-5,051

-21,050

11,826

2,360

16,304

95,306

-20,122

8,317

15,051

-4,201

-8,082

20,822

-12,698

20,896

-9,690

14,466

Issuance of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

2,600

13,034

0

4,950

6,604

12,973

47

-31

3,146

6,927

182

9,750

12,460

7,625

-

-

-

-

Repayment of long-term debt and finance lease obligations

2,594

176,055

207

192

797

192

190

204

809

1,821

0

-192

792

335

0

0

600

0

1,417

650

1,058

22,352

760

7,916

4,687

5,505

8,741

9,465

451

242

4,691

5,635

11,445

-

-

-

-

9,152

0

0

10,600

Acquisition of noncontrolling shareholder interest

-62,272

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of financing fees

-

-

-

-

-

0

0

0

1,230

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for Repurchase of Common Stock

-

-

-

-

-

0

828

13,790

15,565

20,670

31,631

20,768

17,799

25,513

28,356

29,304

24,826

26,021

22,754

47,694

12,352

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of employee taxes withheld from share-based awards

910

0

218

0

1,158

4

213

3

1,891

333

240

0

6,429

0

862

16

2,070

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contributions by noncontrolling shareholder

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,500

0

5,250

Acquisition of noncontrolling shareholder interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

116,500

0

0

0

17,920

Payment of dividends to Cooper Tire & Rubber Company stockholders

5,277

5,269

5,270

5,267

5,262

5,258

5,257

5,289

5,334

5,366

5,467

5,538

5,543

5,586

5,658

5,767

5,817

5,882

5,948

5,990

6,060

6,106

6,100

6,676

6,656

6,654

6,654

6,651

6,645

6,623

6,561

6,546

6,543

6,540

6,539

6,534

6,514

6,461

6,453

6,440

6,416

Issuance of common shares related to stock-based compensation

177

118

-63

177

0

-

-

-

-

133

-31

526

3,596

417

164

39

3,330

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits on stock-based compensation

-

-

-

-

-

-

5

0

270

-

-

-

-

97

21

17

139

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common shares and excess tax benefits on options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,224

759

16,682

-660

1,503

2,256

131

-431

275

524

1,070

3,786

4,876

125

176

62

119

1,499

2,790

4,824

1,844

1,473

2,167

Net cash provided by (used in) financing activities

198,403

14,902

-9,579

-9,376

-609

-3,298

-39,353

-3,212

-29,915

-23,171

-43,685

-9,339

-43,575

-20,256

-26,940

-36,645

-37,430

-33,768

-24,389

-58,876

-43,627

-142,387

-44,887

-12,925

5,444

-17,641

-31,301

-6,871

9,307

-19,336

-78,103

-32,598

-2,568

-21,349

7,533

9,176

-133,421

1,909

-24,005

-6,914

-41,985

Effects of exchange rate changes on cash

-875

-1,406

1,357

1,659

-1,058

-2,258

1,468

-55

1,399

-677

1,780

3,288

2,720

-4,346

-1,832

-3,704

-1,296

-2,525

-5,801

3,610

-4,533

-788

1,245

2,224

-7

1,149

2,130

2,065

-5,574

1,310

2,100

-1,721

-125

389

1,028

975

-161

103

578

1,093

-1,852

Net change in cash, cash equivalents and restricted cash

28,397

271,701

26,032

-104,946

-157,908

165,900

28,061

-42,613

-165,408

132,470

-44,501

-66,492

-153,420

55,999

38,250

-21,898

-71,161

80,925

16,175

-41,088

-102,507

215,874

9,142

-9,308

-61,787

87,926

65,652

-28,019

-79,645

80,305

31,011

-17,143

23,934

143,145

-47,123

-50,797

-224,874

65,947

-31,670

41,582

-89,481