COVANTA HOLDING CORPORATION CVA Cash Flow

Covanta holding corporation (CVA)

CashFlow / TTM

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 (loss) income
-27,000	10,000	7,000	-34,000	-44,000	152,000	274,000	316,000	310,000	57,000	-66,000	-27,000	-19,000	-4,000	66,000	46,000	69,000	69,000	-13,000	-40,000	-29,000	-1,000	29,000	50,000	7,000	-10,000	49,000	48,000	103,000	118,000	61,000	78,000	81,000	227,000	224,000	203,459	210,733	71,000	0	0	0
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Less: (Loss) income from discontinued operations, net of tax expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	129,000	148,000	166,260	175,282	36,000	0	0	0
Net Income (Loss) Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42,000	0	0	0	-	-	-	-	98,000	76,000	37,199	35,451	35,000	0	0	0
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization expense
224,000	221,000	221,000	219,000	219,000	218,000	222,000	220,000	217,000	215,000	207,000	208,000	207,000	207,000	205,000	203,000	202,000	198,000	202,000	203,000	206,000	211,000	209,000	210,000	209,000	209,000	206,000	200,000	197,000	194,000	196,000	198,000	196,000	193,000	190,000	189,164	188,562	190,000	0	0	0
Amortization of deferred debt financing costs
5,000	5,000	4,000	4,000	4,000	5,000	6,000	7,000	7,000	7,000	6,000	5,000	7,000	6,000	7,000	8,000	7,000	8,000	9,000	8,000	8,000	8,000	7,000	8,000	8,000	8,000	9,000	9,000	9,000	8,000	7,000	6,000	6,000	6,000	6,000	6,636	6,318	7,000	0	0	0
Net gain on sale of business and investments
8,000	49,000	49,000	55,000	57,000	217,000	217,000	210,000	208,000	-6,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment charges
21,000	2,000	0	0	0	-	-	-	-	-	-	-	-	20,000	38,000	38,000	58,000	43,000	24,000	72,000	55,000	64,000	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt premium and discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,000	-4,000	-5,000	-5,000	-5,000	-6,000	-6,276	-7,149	-8,000	0	0	0
Defined Benefit Plan, Recognized Net Gain (Loss) Due to Settlements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,000	-5,000	-5,000	-5,000	-11,000	0	0	0	-	-	-	-	-	-	-	-
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,000	-2,000	-2,000	-2,000	-1,000	-2,000	-2,000	-2,000	-3,000	0	0	0	-	-	-	-	-	-	-	0
Non-cash convertible debt related expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,000	20,000	27,000	29,000	28,000	27,000	26,000	26,000	25,000	24,000	27,000	26,000	25,000	29,000	30,019	35,753	39,000	0	0	0
Stock-based compensation expense
25,000	25,000	26,000	25,000	23,000	24,000	20,000	21,000	22,000	18,000	19,000	18,000	16,000	16,000	16,000	16,000	15,000	18,000	17,000	20,000	21,000	17,000	18,000	14,000	14,000	15,000	15,000	15,000	16,000	16,000	17,000	18,000	17,000	17,000	17,000	16,579	18,500	17,000	0	0	0
Equity in net income from unconsolidated investments
7,000	6,000	0	0	0	-	-	-	-	-	-	-	-	4,000	5,000	11,000	13,000	13,000	16,000	13,000	12,000	10,000	7,000	9,000	8,000	6,000	4,000	4,000	8,000	10,000	0	0	0	-	-	-	-	2,000	0	0	0
Dividends from unconsolidated investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,000	2,000	12,000	11,000	10,000	11,000	6,000	7,000	0	0	0	-	-	-	-	8,000	6,000	7,217	8,553	5,000	0	0	0
Increase (Decrease) in Deferred Income Taxes
16,000	9,000	8,000	7,000	27,000	31,000	232,000	227,000	210,000	193,000	-31,000	-19,000	-21,000	-21,000	36,000	25,000	-13,000	11,000	-9,000	-23,000	14,000	-4,000	-56,000	-28,000	-28,000	-31,000	-34,000	-25,000	-23,000	-19,000	-36,000	-34,000	-34,000	-36,000	22,000	12,853	19,541	20,000	0	0	0
Total adjustments for continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	309,000	341,000	285,000	314,000	305,000	282,000	244,000	198,000	192,000	219,000	290,000	262,000	286,000	278,000	299,000	320,834	333,870	357,000	0	0	0
Net cash provided by operating activities from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	340,000	313,000	363,000	362,000	324,000	0	0	0	-	-	-	-	376,000	375,000	358,033	369,321	392,000	0	0	0
Net cash used in operating activities from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	1,000	-1,000	-5,000	-8,000	0	0	0	-	-	-	-	-15,000	5,000	16,036	25,653	39,000	0	0	0
Increase (Decrease) in Restricted Investments for Operating Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-36,000	-32,000	-29,000	-28,000	-11,000	-9,000	-12,000	-11,000	-17,000	-13,000	-11,000	-20,000	-61,000	-40,000	-41,000	-34,000	-29,000	-15,000	-21,000	-4,000	0	0	0	-	-	-	-
Other, net
-6,000	-3,000	0	-3,000	-2,000	10,000	12,000	18,000	27,000	13,000	10,000	5,000	-2,000	1,000	-24,000	-23,000	-24,000	-21,000	1,000	0	1,000	-2,000	-5,000	1,000	2,000	8,000	12,000	6,000	12,000	10,000	12,000	21,000	11,000	7,000	5,000	-4,633	-4,126	-5,000	0	0	0
Increase (Decrease) in Partners' Capital
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in working capital, net of effects of acquisitions and dispositions
-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Changes in noncurrent assets and liabilities, net
0	-1,000	-6,000	-3,000	1,000	1,000	6,000	2,000	-1,000	-5,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
250,000	226,000	203,000	262,000	272,000	238,000	293,000	278,000	236,000	242,000	210,000	229,000	238,000	264,000	250,000	285,000	247,000	254,000	230,000	229,000	280,000	341,000	314,000	362,000	357,000	316,000	341,000	295,000	300,000	342,000	352,000	353,000	382,000	361,000	380,000	374,069	394,974	431,000	0	0	0
INVESTING ACTIVITIES:
Purchase of property, plant and equipment
149,000	158,000	169,000	169,000	177,000	206,000	217,000	255,000	296,000	277,000	295,000	327,000	335,000	359,000	391,000	365,000	376,000	376,000	331,000	296,000	230,000	216,000	200,000	206,000	197,000	188,000	172,000	157,000	157,000	126,000	121,000	116,000	112,000	118,000	123,000	118,540	115,083	115,000	0	0	0
Acquisition of businesses, net of cash acquired
0	-2,000	-2,000	44,000	44,000	50,000	50,000	4,000	4,000	16,000	16,000	16,000	16,000	9,000	11,000	33,000	81,000	72,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	130,000	0	0	0
Acquisition of noncontrolling interests in subsidiaries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,000	14,000	14,000	14,000	0	0	0	0	-	-	-	-	2,000	0	0	0
Purchase of investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,000	-3,000	-5,000	-3,000	8,000	17,000	27,000	25,000	12,000	16,000	7,000	11,000	15,000	16,000	16,759	14,589	17,000	0	0	0
Proceeds from the sale of investment securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,000	11,000	11,000	11,000	11,000	9,000	7,000	6,000	5,000	4,000	4,000	8,000	12,000	14,000	19,197	17,772	14,000	0	0	0
Proceeds from the sale of assets, net of restricted cash
4,000	27,000	31,000	42,000	43,000	128,000	129,000	116,000	115,000	4,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of land use rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	0	0	0	-	-	-	-	-	-	-	-
Proceeds from Insurance Settlement, Investing Activities
-	-	-	-	-	18,000	10,000	10,000	13,000	8,000	6,000	8,000	5,000	3,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss Contingency Accrual, Payments
-	-	-	-	-	7,000	7,000	7,000	7,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in equity affiliate
21,000	14,000	25,000	24,000	19,000	16,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loans issued to fund certain facility improvements, net of repayments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Other, net
3,000	2,000	0	0	0	-	-	-	-	8,000	8,000	3,000	-1,000	-2,000	-3,000	-1,000	0	1,000	0	5,000	6,000	6,000	19,000	13,000	17,000	15,000	2,000	9,000	1,000	2,000	-5,000	-9,000	3,000	0	9,000	10,450	4,561	18,000	0	0	0
Net cash used in investing activities from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-232,000	-249,000	-247,000	-244,000	-258,000	0	0	0	-	-	-	-	-118,000	-142,000	-137,688	-124,807	-275,000	0	0	0
Net cash provided by investing activities from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,000	0	0	0	0	0	0	0	-	-	-	-	225,000	0	0	0	-	-	0	0
Net cash used in investing activities
-169,000	-145,000	-153,000	-190,000	-192,000	-139,000	-141,000	-146,000	-186,000	-289,000	-311,000	-229,000	-236,000	-254,000	-289,000	-396,000	-456,000	-448,000	-365,000	-358,000	-243,000	-229,000	-249,000	-247,000	-244,000	-258,000	-336,000	-288,000	-268,000	-213,000	-92,000	-73,000	-111,000	107,000	85,000	81,392	95,258	-275,000	0	0	0
FINANCING ACTIVITIES:
Proceeds from Other Debt
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from borrowings on long-term debt
-	-	-	-	-	-	-	-	-	400,000	400,000	400,000	400,000	0	0	0	0	-	-	-	-	412,000	412,000	422,000	422,000	22,000	357,000	335,000	335,000	1,034,000	0	0	0	-	-	-	-	-	-	-	-
Proceeds from borrowings on revolving credit facility
497,000	536,000	707,000	782,000	790,000	740,000	620,000	636,000	791,000	952,000	892,000	862,000	757,000	744,000	898,000	918,000	1,046,000	895,000	755,000	632,000	693,000	531,000	614,000	744,000	552,000	645,000	630,000	528,000	349,000	251,000	0	0	0	-	-	-	-	-	-	-	-
Payments on long-term debt
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from borrowings on project debt
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,000	49,000	44,339	41,000	39,000	0	0	0
Proceeds from borrowings on Dublin project financing
-	-	-	-	-	-	-	-	-	-	-	-	-	159,000	140,000	118,000	123,000	86,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to partners of noncontrolling interests in subsidiaries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,000	7,000	6,310	6,598	6,000	0	0	0
Proceeds from the exercise of options for common stock, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	0	0	0
Principal payments on long-term debt
-	-	-	-	-	944,000	539,000	14,000	420,000	420,000	415,000	415,000	5,000	4,000	0	0	0	-	-	-	-	557,000	558,000	557,000	97,000	3,000	3,000	4,000	4,000	622,000	623,000	624,000	624,000	7,000	7,000	6,732	7,143	7,000	0	0	0
Convertible debenture repurchases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,000	25,000	51,000	51,000	32,000	0	0	0	-	-	-	-
Payments on revolving credit facility
560,000	565,000	635,000	834,000	896,000	973,000	887,000	736,000	790,000	850,000	802,000	880,000	800,000	749,000	806,000	776,000	811,000	692,000	644,000	561,000	499,000	496,000	560,000	610,000	659,000	595,000	524,000	382,000	242,000	191,000	0	0	0	-	-	-	-	-	-	-	-
Payments on equipment financing capital leases
-	-	-	-	-	-	-	-	5,000	-	5,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	4,000	3,000	2,000	1,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Long-term Capital Lease Obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,000	31,000	78,000	72,000	63,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on project debt
9,000	18,000	18,000	23,000	23,000	23,000	383,000	383,000	383,000	382,000	54,000	54,000	52,000	51,000	39,000	37,000	83,000	85,000	82,000	91,000	53,000	52,000	63,000	72,000	76,000	83,000	431,000	414,000	403,000	424,000	100,000	99,000	100,000	137,000	183,000	183,551	232,893	202,000	0	0	0
Payments of deferred financing costs
-	-	-	-	-	-	-	-	-	21,000	10,000	12,000	11,000	6,000	8,000	8,000	11,000	11,000	8,000	32,000	29,000	36,000	36,000	10,000	10,000	1,000	8,000	10,000	11,000	33,000	0	0	0	-	-	-	-	-	-	-	-
Cash dividends paid to stockholders
132,000	133,000	136,000	136,000	136,000	134,000	131,000	132,000	131,000	131,000	131,000	131,000	131,000	131,000	131,000	132,000	133,000	133,000	132,000	122,000	112,000	101,000	89,000	88,000	87,000	65,000	84,000	81,000	80,000	90,000	0	0	0	-	-	-	-	-	-	-	-
Payments For Insurance Premium
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock repurchased
-	-	-	-	-	-	-	-	-	-	-	-	-	20,000	50,000	50,000	50,000	30,000	0	0	0	-	-	-	-	34,000	39,000	63,000	82,000	88,000	109,000	165,000	205,000	229,000	0	0	0	-	-	-	0
Change in restricted funds held in trust
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Financing of insurance premiums, net
-	-	-	-	-	-	-	0	-11,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10,000	0	0	0	-	-	-	-	-	-	-	-
Change in restricted funds held in trust
-	-	-	-	-	-	-	-	-	-	-	-	-	-	86,000	29,000	12,000	5,000	-48,000	-50,000	-38,000	-43,000	-33,000	31,000	32,000	27,000	0	0	0	-	0	0	0	-	51,000	43,027	35,617	3,000	0	0	0
Other, net
-11,000	-8,000	-9,000	-15,000	-7,000	-5,000	-16,000	-4,000	0	-3,000	3,000	-6,000	-14,000	-10,000	0	0	0	-	-	-3,000	-4,000	-3,000	-14,000	-2,000	-3,000	-25,000	-21,000	-19,000	-14,000	0	-32,000	-35,000	-37,000	-38,000	17,000	18,441	21,990	26,000	0	0	0
Net cash used in financing activities from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-210,000	-216,000	-141,000	65,000	-111,000	0	0	0	-	-	-	-	-418,000	-330,000	-493,489	-470,305	-409,000	0	0	0
Net cash provided by financing activities from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,000	-4,000	-4,000	3,000	8,000	0	0	0	-	-	-	-	45,000	-4,000	-6,171	-23,915	-40,000	0	0	0
Net cash (used in) provided by financing activities
-141,000	-122,000	-47,000	-39,000	-68,000	-189,000	-184,000	-191,000	-491,000	40,000	-50,000	-116,000	281,000	-72,000	80,000	147,000	247,000	203,000	120,000	34,000	-353,000	-216,000	-220,000	-145,000	68,000	-103,000	-15,000	-22,000	-90,000	-117,000	-204,000	-302,000	-326,000	-373,000	-334,000	-499,660	-494,220	-449,000	0	0	0
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-2,000	-1,000	-3,000	-1,000	-2,000	1,000	5,000	6,000	9,000	7,000	3,000	1,000	-1,000	0	1,000	1,000	1,000	-4,000	-6,000	-7,000	-7,000	-5,000	-5,000	-2,000	-2,000	-1,000	0	0	0	0	4,000	-2,000	-3,000	-1,000	0	0	0	-	-	0	0
Net increase in cash, cash equivalents and restricted cash
-62,000	-42,000	0	32,000	10,000	-89,000	-27,000	-53,000	-432,000	0	-148,000	-115,000	282,000	-62,000	42,000	37,000	39,000	5,000	-21,000	-102,000	-323,000	-109,000	-160,000	-32,000	179,000	-46,000	-10,000	-15,000	-58,000	12,000	60,000	-24,000	-58,000	94,000	126,000	-41,643	-2,680	-294,000	0	0	0