COVANTA HOLDING CORPORATION CVA Cash Flow

Covanta holding corporation (CVA)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
OPERATING ACTIVITIES:
Net (loss) income
10,000	152,000	57,000	-4,000	69,000	-1,000	-10,000	118,000	227,000	71,000	111,000	135,921
Less: (Loss) income from discontinued operations, net of tax expense
-	-	-	-	-	-	-52,000	-20,000	129,000	36,000	46,000	43,449
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	42,000	138,000	98,000	35,000	65,000	92,472
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization expense
221,000	218,000	215,000	207,000	198,000	211,000	209,000	194,000	193,000	190,000	197,000	192,232
Amortization of deferred debt financing costs
5,000	5,000	7,000	6,000	8,000	8,000	8,000	8,000	6,000	7,000	5,000	3,684
Net gain on sale of business and investments
49,000	217,000	-6,000	44,000	0	0	-	-	-	-	-	-
Impairment charges
2,000	86,000	2,000	20,000	43,000	64,000	-	-	-	-	-	-
Amortization of debt premium and discount
-	-	-	-	-	-1,000	-1,000	-3,000	-5,000	-8,000	-9,000	-10,707
Net write-offs (gains)
-	-	-	-	-	-	15,000	-57,000	0	34,000	-	-8,325
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements
-	-	-	-	-	-	6,000	-11,000	0	-	-	-
Pension settlement expense
-	-	-	-	-	-	-	-	-	0	-	-
Loss on extinguishment of debt
0	-15,000	-84,000	0	-2,000	-2,000	-1,000	-3,000	-1,000	-15,000	-	0
Non-cash convertible debt related expense
-	-	-	-	-	13,000	28,000	25,000	25,000	39,000	24,000	17,979
Provision for doubtful accounts
2,000	2,000	9,000	2,000	1,000	4,000	2,000	2,000	2,000	3,000	2,000	1,839
Stock-based compensation expense
25,000	24,000	18,000	16,000	18,000	17,000	15,000	16,000	17,000	17,000	14,000	14,750
Equity in net income from unconsolidated investments
6,000	6,000	1,000	4,000	13,000	10,000	6,000	10,000	5,000	2,000	3,000	716
Dividends from unconsolidated investments
-	-	-	-	-	11,000	7,000	8,000	8,000	5,000	1,000	1,873
Increase (Decrease) in Deferred Income Taxes
9,000	31,000	193,000	-21,000	11,000	-4,000	-31,000	-19,000	-36,000	20,000	32,000	62,969
IRS audit settlement
-	-	-	-	-93,000	0	0	-	-	-	-	-
Interest and Dividend Income, Operating
-	-	-	-	5,000	-	-	-	-	-	-	-
Total adjustments for continuing operations
-	-	-	-	-	341,000	282,000	219,000	278,000	357,000	287,000	266,632
Net cash provided by operating activities from continuing operations
-	-	-	-	-	340,000	324,000	357,000	376,000	392,000	352,000	359,104
Net cash used in operating activities from discontinued operations
-	-	-	-	-	1,000	-8,000	-15,000	-15,000	39,000	45,000	43,503
Increase (Decrease) in Restricted Investments for Operating Activities
-	-	-	-	-28,000	-11,000	-20,000	-34,000	-4,000	-11,000	-19,000	-
SEC Schedule, 12-04, Cash Dividends Paid to Registrant, 50 Percent or Less Owned Persons
9,000	13,000	2,000	2,000	-	-	-	-	-	-	-	-
Reversal of uncertain tax positions related to pre-emergence tax matters
-	-	-	-	-	-	-	-	24,000	0	-	-
Contractual liability to pre-petition creditors
-	-	-	-	-	-	-	-	15,000	0	-	-
Change in restricted funds-other related to contractual liability to pre-petition creditors
-	-	-	-	-	-	-	-	-5,000	0	-	-
Other, net
-3,000	10,000	13,000	1,000	-21,000	-2,000	8,000	10,000	7,000	-5,000	-7,000	12,445
Deferred revenue
-	-	-	-	-5,000	-22,000	-12,000	-42,000	-22,000	7,000	-	-
Changes in noncurrent assets and liabilities, net
-1,000	1,000	-5,000	-2,000	1,000	7,000	21,000	11,000	3,000	18,000	13,000	28,935
Receivables
-94,000	-7,000	27,000	19,000	12,000	40,000	9,000	-3,000	-13,000	-27,000	7,000	4,536
Debt services billings in excess of revenue recognized
-	-	-	-	-5,000	-17,000	-21,000	-21,000	-23,000	-24,000	-19,000	-
Increase (Decrease) in Prepaid Expense and Other Assets
5,000	3,000	-5,000	-17,000	-1,000	-	-	-	-	-	-	-
Unbilled service receivables
-	-	-	-	-	-	-	-	-	-	-	-14,020
Accounts payable and accrued expenses
-77,000	-16,000	66,000	43,000	-8,000	57,000	-12,000	8,000	-4,000	-19,000	-1,000	-40,619
Net cash provided by operating activities
226,000	238,000	242,000	264,000	254,000	341,000	316,000	342,000	361,000	431,000	397,000	402,607
INVESTING ACTIVITIES:
Proceeds from Sale of Available-for-sale Securities, Debt
-	-	-	-	-	-	-	0	-	-	-	-
Purchase of equity interests
-	-	-	-	-	-	-	-	-	-	9,000	18,503
Proceeds from the sale of assets
-	-	-	-	-	-	-	-	12,000	12,000	-	-
Proceeds from the sale of equity interests
-	-	-	-	-	-	-	-	-	-	-	0
Proceeds from the sale of corporate office
-	-	-	-	-	-	-	-	-	-	-	0
Purchase of property, plant and equipment
158,000	206,000	277,000	359,000	376,000	216,000	188,000	126,000	118,000	115,000	74,000	87,890
Acquisition of businesses, net of cash acquired
-2,000	50,000	16,000	9,000	72,000	13,000	57,000	94,000	10,000	130,000	266,000	73,393
Acquisition of noncontrolling interests in subsidiaries
-	-	-	-	-	12,000	14,000	0	0	2,000	24,000	0
Purchase of investment securities
-	-	-	-	-	4,000	8,000	12,000	15,000	17,000	8,000	18,577
Proceeds from the sale of investment securities
-	-	-	-	-	6,000	11,000	5,000	12,000	14,000	7,000	20,295
Proceeds from available-for-sale marketable securities
-	-	-	-	-	11,000	0	-	-	-	-	-
Proceeds from the sale of assets, net of restricted cash
27,000	128,000	4,000	109,000	0	0	-	-	-	-	-	-
Acquisition of land use rights
-	-	-	-	-	-	-	1,000	0	19,000	-	16,727
Payment received for loan issued for the Harrisburg EfW facility
-	-	-	-	-	-	9,000	0	0	-	-	-
Proceeds from Insurance Settlement, Investing Activities
0	18,000	8,000	3,000	1,000	2,000	4,000	8,000	1,000	0	-	16,215
Loss Contingency Accrual, Payments
0	7,000	0	0	-	-	-	-	-	-	-	-
Investment in equity affiliate
14,000	16,000	0	0	-	-	-	-	-	-	-	-
Loans issued to fund certain facility improvements, net of repayments
-	-	-	-	-	-	-	-	-	-	11,000	8,233
Other, net
2,000	6,000	8,000	-2,000	1,000	6,000	15,000	2,000	0	18,000	2,000	2,465
Net cash used in investing activities from continuing operations
-	-	-	-	-	-232,000	-258,000	-222,000	-118,000	-275,000	-387,000	-189,278
Net cash provided by investing activities from discontinued operations
-	-	-	-	-	3,000	0	9,000	225,000	0	-	-30
Net cash used in investing activities
-145,000	-139,000	-289,000	-254,000	-448,000	-229,000	-258,000	-213,000	107,000	-275,000	-387,000	-189,308
FINANCING ACTIVITIES:
Proceeds from borrowings on long-term debt
80,000	1,165,000	400,000	0	294,000	412,000	22,000	1,034,000	0	400,000	460,000	0
Proceeds from borrowings on revolving credit facility
536,000	740,000	952,000	744,000	895,000	531,000	645,000	251,000	0	79,000	-	0
Proceeds from Insurance Premiums Collected
29,000	25,000	24,000	0	-	-	-	-	-	-	-	-
Payments of tender premiums on debt extinguishment
-	-	-	-	-	-	-	-	-	-	-	0
Proceeds from borrowings on project debt
-	-	-	-	59,000	63,000	0	0	15,000	39,000	70,000	-1
Proceeds from borrowings on Dublin project financing
0	0	643,000	159,000	86,000	0	0	-	-	-	-	-
Distributions to partners of noncontrolling interests in subsidiaries
-	-	-	-	-	-	-	1,000	6,000	6,000	6,000	4,576
Proceeds from the exercise of options for common stock, net
-	-	-	-	-	10,000	1,000	2,000	0	1,000	1,000	262
Proceeds from settlement of Note Hedge
0	0	17,000	0	0	83,000	0	0	-	-	-	-
Payments related to cash conversion option
0	0	132,000	0	0	-83,000	0	0	-	-	-	-
Payment of interest rate swap termination costs
-	-	-	-	-	-	-	-	-	-	-	0
Principal payments on long-term debt
16,000	944,000	420,000	4,000	196,000	557,000	3,000	622,000	7,000	7,000	7,000	6,877
Convertible debenture repurchases
-	-	-	-	-	-	-	25,000	32,000	313,000	-	-
Payments and fees related to tender offer
-	-	-	-	-	-	-	-	-	2,000	11,000	0
Payments on revolving credit facility
565,000	973,000	850,000	749,000	692,000	496,000	595,000	191,000	0	79,000	-	0
Payments on equipment financing capital leases
-	-	-	4,000	4,000	1,000	0	0	-	-	-	-
Proceeds from Long-term Capital Lease Obligations
-	-	-	-	15,000	63,000	0	0	-	-	-	-
Payments on project debt
18,000	23,000	382,000	51,000	85,000	52,000	83,000	424,000	137,000	202,000	230,000	172,296
Payments of deferred financing costs
1,000	16,000	21,000	6,000	11,000	36,000	1,000	33,000	0	10,000	14,000	0
Cash dividends paid to stockholders
133,000	134,000	131,000	131,000	133,000	101,000	65,000	90,000	32,000	233,000	-	0
Payments For Insurance Premium
26,000	24,000	4,000	-	-	-	-	-	-	-	-	-
Common stock repurchased
-	-	-	20,000	30,000	0	34,000	88,000	229,000	95,000	-	0
Change in restricted funds held in trust
-	-	-	-	-	-	-	-65,000	-38,000	-	-	-38,679
Proceeds from issuance of warrants
-	-	-	-	-	-	-	-	-	-	54,000	0
Purchase of convertible note hedge
-	-	-	-	-	-	-	-	-	-	112,000	0
Financing of insurance premiums, net
-	-	-	0	0	-	-	-10,000	10,000	-10,000	-	1,381
Change in restricted funds held in trust
-	-	-	-	5,000	-43,000	27,000	-	-	3,000	45,000	30,078
Payments to pre-petition creditors
-	-	-	-	-	-	-	0	12,000	0	-	-
Decrease in restricted funds for pre-petition creditors
-	-	-	-	-	-	-	0	12,000	0	-	-
Other, net
-8,000	-5,000	-3,000	-10,000	0	-3,000	-25,000	0	-38,000	26,000	35,000	23,592
Net cash used in financing activities from continuing operations
-	-	-	-	-	-210,000	-111,000	-132,000	-418,000	-409,000	285,000	-128,437
Net cash provided by financing activities from discontinued operations
-	-	-	-	-	-6,000	8,000	15,000	45,000	-40,000	-54,000	-41,805
Net cash (used in) provided by financing activities
-122,000	-189,000	40,000	-72,000	203,000	-216,000	-103,000	-117,000	-373,000	-449,000	231,000	-170,242
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-1,000	1,000	7,000	0	-4,000	-5,000	-1,000	0	-1,000	-1,000	1,000	-70
Net increase in cash, cash equivalents and restricted cash
-42,000	-89,000	0	-62,000	5,000	-109,000	-46,000	12,000	94,000	-294,000	242,000	42,987
Cash Paid for Interest and Income Taxes:
Interest Paid, Excluding Capitalized Interest, Operating Activities
152,000	136,000	149,000	150,000	141,000	121,000	123,000	112,000	101,000	84,000	86,000	106,778
Cash Paid of Income taxes, net of refunds
5,000	2,000	0	6,000	2,000	11,000	11,000	8,000	13,000	4,000	2,000	17,268
DublinFinancing [Member]
Payments of deferred financing costs
0	0	19,000	0	-	-	-	-	-	-	-	-