DARLING INGREDIENTS INC. DAR Cash Flow

Darling ingredients inc. (DAR)

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
Cash flows from operating activities:
Net income
320,967	105,944	133,354	107,224	85,279	68,311	108,967	130,770	169,418	44,243	41,790	54,562
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
325,510	321,192	302,100	289,908	269,904	269,517	98,787	85,371	78,909	31,908	25,226	24,433
Loss (gain) on disposal of property, plant, equipment and other assets
20,582	-709	237	-1,744	-1,311	2,437	1,245	-1,099	622	51	-294	141
Gain (Loss) on Disposition of Business
2,967	-12,545	-885	0	-	-	-	-	-	-	-	-
Asset Impairment Charges
0	2,900	0	0	-	-	-	-	-	-	-	-
Gain on insurance proceeds from insurance settlements
6,600	1,253	1,427	356	561	1,550	1,981	-4,272	0	0	-	-
Deferred taxes
-20,530	16,974	98,805	11,532	-7,807	21,216	-24,593	-10,338	-24,702	-2,402	-14,652	-12,428
Increase (decrease) in long-term pension liability
1,831	1,463	2,383	-430	-4,811	9,593	-9,010	2,790	-895	1,353	-11,974	-6,784
Stock-based compensation expense
21,007	18,779	17,598	10,330	8,995	20,807	9,433	8,904	3,932	2,146	768	800
Debt extinguishment costs
-12,126	-23,509	0	0	-10,633	-4,330	0	-725	-4,920	-851	0	0
Write-off deferred loan costs
270	320	766	528	-	-	-	-	-	-	-	-
Deferred loan cost amortization
5,846	7,870	8,736	11,171	10,155	9,949	3,451	3,042	3,324	670	400	-
Equity in net income of Diamond Green Diesel and other unconsolidated subsidiaries
364,880	159,229	28,504	-	-	-	-	-	-	-	-	-
Income (Loss) from Equity Method Investments
-	-	-	70,379	73,416	65,609	7,660	-2,662	-1,572	0	0	-
Distributions of earnings from Diamond Green Diesel and other unconsolidated subsidiaries
69,213	67,638	26,761	26,317	26,589	0	0	-	-	-	-	-
Unrealized gain on foreign currency hedge
-	-	-	-	-	-	27,516	0	0	-	-	-
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	-	15,914
Changes in operating assets and liabilities, net of effects from acquisitions:
Restricted cash
-	-	-	-	-	-	-	-	-	-	-52	16
Accounts receivable
26,086	6,347	-3,482	22,796	-8,214	-982	-4,424	2,324	10,086	6,276	5,148	-18,977
Escrow receivable
-	-	-	-	-	-	-	-	-16,267	16,267	0	0
Income taxes refundable/payable
-9,542	9,809	-9,360	-2,839	-12,377	22,451	15,316	-17,845	15,568	2,632	-12,406	11,248
Inventories and prepaid expenses
39,111	-2,391	15,022	-15,343	-34,536	11,194	-2,059	15,168	-5,760	-4,661	4,286	-398
Accounts payable and accrued expenses
32,436	14,534	73,386	39,286	-11,449	-31,223	8,521	3,923	-29,083	25,490	-2,132	-6,884
Other
-3,569	-12,426	24,380	8,199	-35,396	-47,363	-13,214	-3,832	1,410	-2,232	846	-1,595
Net cash provided by operating activities
362,621	398,615	410,436	390,998	420,959	275,172	210,721	249,537	240,864	81,510	79,186	91,950
Cash flows from investing activities:
Capital expenditures
359,498	321,896	274,168	243,523	229,848	228,918	118,307	115,413	60,153	24,720	23,638	31,006
Acquisitions, net of cash acquired
1,431	107,727	12,144	8,511	377	2,094,400	734,075	3,000	1,754	758,182	33,987	15,876
Investment in unconsolidated subsidiary
2,000	12,250	4,750	0	0	0	44,959	43,424	23,305	0	0	-
Proceeds from sale of investment in subsidiary
3,671	82,760	0	0	-	-	-	-	-	-	-	-
Gross proceeds from disposal of property, plant and equipment and other assets
18,235	19,328	8,090	7,329	3,840	9,262	2,358	3,870	1,529	624	1,913	1,101
Proceeds from insurance settlement
6,600	1,253	6,054	1,537	561	1,550	1,981	4,272	0	0	-	-
Payments related to routes and other intangibles
3,651	3,883	7,135	23	3,845	11,288	2,423	137	0	1,367	0	6,609
Net cash used by investing activities
-338,074	-342,415	-284,053	-243,191	-229,669	-2,323,794	-895,425	-153,832	-83,683	-783,645	-55,712	-52,390
Cash flows from financing activities:
Proceeds from long-term debt
517,606	624,620	33,401	36,327	590,745	1,842,184	344,704	0	0	550,000	48	0
Payments on long-term debt
581,163	686,628	149,623	204,428	609,255	333,762	580	30,032	270,009	32,509	5,000	6,250
Borrowings from revolving credit facility
469,227	543,898	199,495	99,276	78,244	170,143	293,235	0	131,000	160,000	0	-
Payments on revolving credit facility
461,669	510,974	204,935	104,028	166,755	351,589	5,000	0	291,000	0	0	-
Net cash overdraft financing
38,367	3,460	-714	1,071	-1,261	4,077	0	0	-	-	-	-
Net payments on revolver
-	-	-	-	-	-	-	-	-	-	-	0
Deferred loan costs
7,027	9,668	6,717	3,879	17,310	45,223	13,320	0	399	24,020	946	67
Contract payments
-	-	-	-	-	-	-	-	-	-	72	176
Issuance of common stock
39	182	22	188	171	416	840,558	72	293,117	35	11	303
Repurchase of common stock
19,260	0	0	5,000	5,912	0	0	-	-	-	-	-
Minimum withholding taxes paid on stock awards
4,472	2,215	3,049	1,843	4,874	10,026	3,289	4,084	1,281	585	108	1,199
Excess tax benefits from stock-based compensation
-	-	-	-	-	2,420	1,138	2,652	1,125	234	-39	2,308
Deductions of noncontrolling interest
0	0	-17,451	0	-87	1,201	0	-	-	-	-	-
Addition of noncontrolling interest
-	-	-	-	-	-	-	0	-	-	-	-
Payments to Noncontrolling Interests
6,533	10,257	5,281	1,552	3,295	4,272	0	0	-	-	-	-
Net cash provided by financing activities
-54,885	-47,582	-154,852	-183,868	-139,589	1,275,569	1,457,446	-31,392	-137,447	653,155	-6,106	-5,081
Effect of exchange rate changes on cash
-3,986	-8,165	20,528	-6,297	-3,601	10,980	-5,134	0	0	-	-	-
Net increase (decrease) in cash, cash equivalents and restricted cash
-34,324	453	-7,941	-42,358	48,100	-762,073	767,608	64,313	19,734	-48,980	17,368	34,479
Supplemental disclosure of cash flow information:
Accrued capital expenditures
6,714	5,951	1,521	-937	5,325	1,340	1,163	0	0	-	-	-
Cash paid during the period for:
Interest, net of capitalized interest
79,132	75,006	78,233	82,094	78,979	104,834	21,554	20,181	28,690	7,743	2,687	3,016
Income taxes, net of refunds
29,778	33,162	26,304	23,220	-3,035	28,315	31,405	43,491	88,241	28,114	2,244	44,246
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability
40,596	0	0	-	-	-	-	-	-	-	-	-
Non-cash financing activities
Debt issued for assets
25	22	9,459	10	2,591	0	0	226	0	0	-	-
Contribution of Property
-	-	-	2,674	0	0	-	-	-	-	-	-