Catalent, Inc. CTLT Cash Flow

Catalent, inc. (CTLT)

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
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings/(loss)
20,900	45,500	100	71,100	31,700	49,000	-14,400	82,700	19,000	-21,900	3,800	61,800	26,000	17,400	4,600	58,100	10,700	30,700	11,700	153,400	30,800	46,000	-19,900	27,000	6,300	-19,500	1,400
Net earnings/(loss) from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-100	0	-200	400	0	-1,700	-600	-400
Earnings/(loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30,700	11,700	153,500	30,800	46,200	-20,300	27,000	8,000	-18,900	1,800
Adjustments to reconcile earnings/(loss) from operations to net cash from operations:
Depreciation and amortization
64,800	61,900	60,600	54,700	66,400	54,600	52,900	52,600	51,700	46,800	39,000	38,700	36,500	35,500	35,800	35,100	34,800	35,200	35,500	36,200	34,400	35,200	35,000	34,000	35,100	37,300	36,500
Non-cash foreign currency transaction (gain)/loss, net
3,000	-5,600	100	-1,200	4,900	-1,200	-2,000	17,000	-7,200	1,200	-8,300	-2,100	-9,100	2,700	700	5,700	1,600	3,500	100	1,600	2,400	1,200	11,200	11,500	-2,200	3,800	4,000
Amortization and write-off of debt financing costs
7,600	1,600	1,500	7,100	1,000	900	5,200	1,100	1,100	1,200	1,300	1,200	1,300	3,200	1,100	1,300	1,100	1,200	1,100	1,200	1,000	1,400	12,400	5,400	2,500	3,000	3,100
Asset impairments charges and (gain)/loss on sale of assets
-600	-1,700	200	-2,400	100	100	-2,900	-4,300	-200	-4,200	0	-7,500	-1,800	-500	0	-1,900	300	100	-1,200	-900	-7,300	3,500	0	-	-	-	-
Debt Call Premium Fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2,800	9,800	7,200	0	0	0
Derivative, Gain (Loss) on Derivative, Net
-26,300	10,300	-8,900	12,900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
8,600	10,300	16,600	-	6,600	7,500	10,000	-	5,600	8,500	7,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Business Combination, Bargain Purchase, Gain Recognized, Amount Net of Tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,300	0	3,200	7,000	0	0	0	0
Equity compensation
-	-	-	-	-	-	-	-	-	-	-	4,500	4,600	4,900	6,900	2,000	3,700	2,500	2,600	2,600	2,100	2,800	1,500	1,100	1,100	1,100	1,200
Provision/(benefit) for deferred income taxes
-8,100	3,300	-600	14,400	800	-1,300	1,200	-75,700	4,700	33,800	1,800	2,100	100	-5,000	4,100	14,600	-1,700	-1,700	4,100	93,700	1,300	18,000	7,700	7,000	4,200	-1,400	5,300
Provision for bad debts and inventory
2,000	5,300	4,100	1,900	5,500	2,300	2,800	2,000	1,400	-1,400	4,900	5,400	2,300	1,300	2,000	5,000	1,100	6,200	900	3,200	2,300	5,500	1,700	5,300	600	2,000	1,900
Change in operating assets and liabilities:
Decrease/(increase) in trade receivables
19,800	29,800	-34,100	92,300	29,700	70,600	-73,700	67,200	71,000	-17,600	-87,000	81,200	15,100	2,500	-43,900	74,800	9,000	30,000	-59,700	52,100	5,200	12,200	-62,000	59,800	25,900	20,100	-67,800
Decrease/(increase) in inventories
43,100	11,800	-200	-9,100	17,100	5,000	21,000	-4,500	6,300	-7,300	7,300	-6,700	2,300	1,500	16,400	-8,300	7,300	16,000	20,400	-10,700	4,700	11,100	14,100	-18,500	16,100	6,900	4,000
Increase/(decrease) in accounts payable
43,200	34,000	-47,300	30,300	17,200	7,000	-18,300	17,000	15,700	-2,400	2,000	22,300	2,200	-13,400	-1,200	14,800	1,200	3,800	1,600	2,300	7,500	4,800	-26,300	17,700	10,200	-5,400	-30,100
Other assets/accrued liabilities, net — current and non-current
-900	-3,400	52,700	-15,100	700	2,200	55,800	-22,100	-65,900	15,600	60,500	-33,300	-37,000	0	23,600	-2,500	-13,800	5,100	44,800	-12,700	-29,500	16,100	76,000	-44,300	-39,800	-26,100	43,200
Net cash provided by/(used in) operating activities from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	44,900	77,200	94,300	40,400	-40,200	85,000	53,700	15,800	25,700
Net cash provided by/(used in) operating activities from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-100	0	-200	400	0	-800	-600	-500
Net Cash Provided by (Used in) Operating Activities, Total
121,700	120,700	25,200	87,900	75,300	43,300	41,200	103,300	95,200	92,300	83,700	100,200	103,300	47,700	48,300	33,900	49,900	26,600	44,900	77,100	94,300	40,200	-39,800	85,000	52,900	15,200	25,200
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of property and equipment and other productive assets
151,300	78,700	73,500	88,800	48,000	43,000	38,300	58,800	34,800	40,200	42,700	52,000	33,700	26,400	27,700	31,800	25,300	49,300	33,200	32,300	37,400	40,100	31,200	60,400	22,200	21,000	18,800
Proceeds from sale of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	0	200	600
Payment for acquisitions, net of cash acquired
369,000	0	10,700	1,163,500	0	0	127,500	0	0	748,000	0	0	84,200	-1,200	86,900	0	0	0	0	-800	6,500	111,600	13,500	200	2,500	43,000	8,000
Payments to Acquire Investments
400	1,300	700	500	1,300	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by/(used in) investing activities from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-44,700	-60,500	-24,700	-63,800	-26,200
Net cash provided by/(used in) investing activities from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,000	0
Net cash (used in) investing activities
-465,600	-114,300	-84,900	-1,252,700	-48,900	-43,000	-165,800	-58,800	-34,800	-783,000	-42,700	-52,000	-118,500	-23,900	-114,600	-29,900	-25,300	-49,300	-33,200	-31,500	-43,900	-151,700	-44,700	-60,500	-24,700	-59,800	-26,200
CASH FLOWS FROM FINANCING ACTIVITIES:
Net change in other borrowings
-39,300	-3,400	-2,500	-1,900	-1,600	-400	-4,500	-500	-2,000	1,100	-1,700	100	-300	-1,300	-4,300	1,700	800	-200	0	-4,800	-1,200	-5,700	11,700	-300	-32,200	20,800	-5,800
Proceeds from Bank Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	75,000	-	0	0	0	0	0	150,400	0	1,723,000	0	700	0
Payments related to long-term obligations
757,400	48,200	3,300	782,300	4,600	48,700	454,700	4,700	4,800	4,700	4,700	4,600	4,700	204,500	4,700	4,700	4,600	4,600	4,700	5,000	5,500	5,500	863,800	1,721,300	4,800	8,500	6,700
Dividends and Interest Paid
8,100	8,100	11,900	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Call premium and financing fees paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2,800	9,800	7,200	0	0	0
Proceeds from sale of common stock, net
494,200	0	0	-	-200	0	445,500	-	0	0	277,800	-	0	0	0	-	-	-	-	0	0	0	948,800	0	0	200	0
Cash paid, in lieu of equity, for tax withholding
900	6,300	18,100	1,300	2,300	5,900	5,100	300	1,000	4,000	8,400	2,600	2,300	400	100	700	2,400	0	5,600	-	-	-	-	-	-	-	-
Payments for Repurchase of Common Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	700	0	-	-	-	-
Net cash (used in)/provided by financing activities from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	86,900	-5,800	-37,000	13,200	-12,500
Net cash (used in)/provided by financing activities from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0
Net cash (used in)/provided by financing activities
772,500	-66,000	-35,800	1,283,900	-8,700	-55,000	-18,800	-5,500	-7,800	419,400	263,000	-7,100	-7,300	109,800	65,900	-3,700	-6,200	-10,600	-10,300	-12,500	-13,600	135,700	86,900	-5,800	-37,000	13,200	-12,500
Effect of foreign currency exchange on cash
-9,100	5,100	-6,500	-1,600	2,300	-3,500	-700	-20,300	9,400	-600	9,100	6,000	7,900	-9,900	900	-2,600	0	-2,600	-1,300	2,100	-4,800	-3,300	-13,600	0	300	-200	2,900
NET INCREASE/(DECREASE) IN CASH AND EQUIVALENTS
-	-	-102,000	-	-	-	-144,100	18,700	62,000	-271,900	313,100	47,100	-14,600	123,700	500	-2,300	18,400	-35,900	100	35,200	32,000	20,900	-11,200	18,700	-8,500	-31,600	-10,600
SUPPLEMENTARY CASH FLOW INFORMATION:
Interest paid
41,000	22,900	24,800	27,900	22,400	22,700	29,500	26,000	15,700	24,800	16,700	26,000	15,400	19,200	20,200	19,800	21,600	20,200	20,800	20,600	19,500	22,700	44,300	51,200	24,900	53,900	23,800
Income taxes paid, net
19,300	6,900	12,700	6,800	11,000	9,600	14,800	15,600	300	100	7,900	14,000	6,100	8,800	10,900	10,400	10,200	10,000	10,000	10,300	5,600	8,200	9,900	7,500	1,100	-3,400	15,800