DELUXE CORPORATION DLX Cash Flow

Deluxe corporation (DLX)

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
Cash flows from operating activities:
Cash flows from operating activities:
Net (loss) income
-301,218	-199,897	-187,552	99,858	127,484	149,630	177,170	237,054	236,425	230,155	199,674	229,536	228,346	229,382	234,863	233,117	230,791	218,629	216,884	204,398	198,410	199,794	187,552	190,024	188,101	186,652	183,577	178,178	172,288	170,492	167,676	162,907	156,118	144,595	139,589	153,654	151,796	152,624	0	0	0
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Net loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-771	0	0	0
Depreciation
17,176	16,502	16,054	17,197	17,142	16,572	16,579	15,468	15,461	15,868	15,164	15,160	14,849	14,498	15,341	15,622	15,798	16,000	16,073	16,203	16,459	16,767	17,079	17,277	17,507	17,822	18,303	18,840	19,370	19,922	20,444	21,093	21,496	21,547	21,383	20,988	21,052	20,946	0	0	0
Amortization of intangibles
104,871	109,534	113,553	115,322	115,236	114,528	111,699	110,650	108,695	106,784	100,005	91,822	84,492	77,085	74,639	70,052	65,098	60,700	55,655	52,699	50,801	49,075	47,618	47,768	47,332	46,651	45,998	45,424	45,084	45,730	46,109	47,001	49,201	51,796	54,331	56,326	57,159	52,969	0	0	0
Operating lease expense
19,016	19,113	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of operating lease assets
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset Impairment Charges
481,310	390,980	390,980	99,170	99,170	101,319	101,319	48,779	51,733	54,880	54,880	8,250	5,296	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of prepaid product discounts
25,375	24,055	23,826	23,498	23,290	22,941	22,260	21,505	20,410	19,969	20,170	20,288	20,545	20,185	19,382	18,529	18,517	18,741	18,984	19,269	18,675	18,105	17,744	17,453	17,356	17,197	16,937	16,841	16,833	17,110	16,728	16,540	16,611	16,659	17,786	18,607	19,165	19,745	0	0	0
Deferred income taxes
-45,719	-34,950	-37,748	-5,891	-9,483	-11,356	-30,747	-34,982	-34,396	-39,177	-17,224	-4,024	-2,768	1,886	-3,788	-2,920	-2,401	-3,256	-8,474	-8,904	-8,034	-7,413	-3,690	-1,526	-2,693	-2,243	2,946	1,566	3,569	6,270	10,151	11,115	9,666	9,350	17,284	16,639	17,904	20,362	0	0	0
Share-based Payment Arrangement, Noncash Expense
19,560	19,702	18,477	16,845	14,176	13,378	13,441	13,557	14,370	15,109	14,344	12,903	12,736	12,459	12,384	12,819	12,163	11,894	11,553	11,119	11,023	9,776	9,005	8,548	7,551	7,562	7,536	7,499	7,661	7,292	6,540	6,010	5,729	5,733	6,105	6,193	6,105	6,150	0	0	0
Gain (Loss) on Disposition of Assets
-	-	-	-	-	15,641	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on early debt extinguishment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8,917	-8,917	-8,917	-8,917	0	0	0	0	-	-	-	-	-	-	-	-	-6,995	-6,995	-6,995	-6,995	0	0	0	0
Other non-cash items, net
-18,522	-13,220	-12,406	-11,707	-9,806	-8,030	-6,979	-14,238	-13,612	-7,708	-10,350	-1,455	-1,124	-7,267	-4,385	-5,144	-3,246	-2,454	-4,651	-6,684	-9,634	-11,162	-10,470	-10,613	-11,061	-10,741	-10,762	-9,231	-8,873	-9,371	-8,951	-9,108	-9,618	-10,612	-12,027	-25,379	-18,484	-12,802	0	0	0
Changes in assets and liabilities:
Trade accounts receivable
6,743	-5,609	-9,244	14,584	13,631	16,795	12,395	-6,548	913	-5,279	9,594	22,051	21,612	23,414	13,175	9,921	3,767	4,525	1,578	3,307	13,626	21,095	12,809	7,283	223	14,754	11,733	8,712	9,052	2,915	3,496	6,372	10,640	6,648	7,677	1,223	-7,948	3,962	0	0	0
Inventories and supplies
-356	-4,843	-1,096	3,232	2,130	3,641	3,453	2,526	784	644	-2,868	1,043	-180	-2,244	-1,205	-3,558	-267	339	3,705	2,892	2,359	4,353	2,069	1,875	1,231	1,594	1,194	202	1,534	1,629	1,913	2,834	2,187	398	637	650	119	470	0	0	0
Other current assets
11,740	10,568	2,215	11,572	14,727	12,032	4,314	17,632	12,882	7,976	14,264	3,998	-1,464	-49	-3,873	-5,837	-3,502	-8,629	1,092	2,066	1,414	8,199	-2,829	-4,918	-9,509	-7,032	-3,024	-4,316	483	1,982	1,660	3,230	4,721	1,538	3,298	4,832	3,221	-1,864	0	0	0
Non-current assets
4,720	5,360	5,143	5,762	6,026	6,913	7,078	7,334	6,967	5,710	5,451	5,107	5,827	5,054	5,323	4,863	4,161	2,532	2,853	2,740	2,078	4,153	2,105	1,885	3,316	5,976	5,277	5,767	4,116	-424	198	-440	-371	-2,261	-1,383	-7,073	-5,432	-928	0	0	0
Accounts payable
2,140	5,130	-960	-11,113	-6,914	4,366	-6,499	7,125	10,268	-7,796	10,757	8,312	2,444	15,888	6,400	2,561	-2,086	-4,528	-1,927	1,502	3,536	12,218	4,527	3,712	517	886	-4,010	-510	2,257	228	5,731	-1,054	2,068	3,460	-2,767	-3,393	-7,057	-5,193	0	0	0
Prepaid product discount payments
23,769	25,637	25,059	26,714	27,639	23,814	26,201	29,424	26,344	27,079	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contract acquisition payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,153	21,299	19,118	12,806	16,579	18,089	18,159	16,567	11,413	10,706	10,311	12,133	42,541	33,221	29,486	16,952	7,150	7,289	7,348	12,190	-18,248	-17,013	-26,019	-22,087	0	0	0
Other accrued and non-current liabilities
-34,733	-45,747	-11,305	-11,576	-17,445	-1,257	-14,268	-29,444	-27,882	-20,236	-17,866	2,927	-8,231	-17,953	-31,429	-37,246	-14,080	-8,347	4,378	16,895	12,036	23,513	4,682	3,171	-2,787	-1,341	-8,767	-13,463	-11,687	-14,542	-17,754	-13,735	-11,171	-18,063	-30,878	-18,671	-38,693	-44,834	0	0	0
Net cash provided by operating activities
259,808	286,653	328,237	297,483	303,926	339,315	331,637	333,789	344,875	338,431	337,087	342,624	320,988	319,312	298,604	290,990	303,769	309,631	300,887	306,156	290,289	285,098	280,888	285,209	283,373	261,502	250,895	246,310	243,549	244,077	241,275	231,094	226,323	235,367	213,378	246,258	220,963	212,615	0	0	0
Cash flows from investing activities:
Purchases of capital assets
58,331	66,595	69,351	66,542	62,823	62,238	55,665	52,702	50,463	47,450	48,750	47,218	47,446	46,614	45,927	46,138	43,938	43,261	41,019	40,575	39,681	41,119	40,322	40,720	40,105	37,459	36,417	34,449	34,501	35,193	32,842	33,544	36,080	35,506	40,545	42,162	42,555	43,932	0	0	0
Payments to Acquire Businesses, Net of Cash Acquired
-	-	-	-	-	214,258	204,202	151,875	186,353	139,223	300,444	288,720	238,236	239,664	226,694	205,687	212,073	212,990	143,818	131,943	109,747	105,029	33,739	43,515	71,215	69,709	49,654	40,793	35,115	34,172	0	0	0	-	-	-	-	98,621	0	0	0
Loans to distributors
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,287	0	0	0	-	-	-	-	-	-	-	-
Purchases of customer lists
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Purchases of customer funds marketable securities
7,634	7,642	7,643	7,642	7,803	7,807	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from customer funds marketable securities
7,634	7,642	7,643	7,642	7,803	7,807	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Other
-3,011	-2,449	-1,442	-1,510	-1,324	-1,082	-1,154	-2,225	-1,371	-2,282	-2,480	-1,296	-5,622	-1,009	-1,028	-1,251	3,477	-1,138	-1,100	-110	-414	-757	-509	-1,116	-2,498	-1,519	540	296	-905	-1,526	-3,019	-2,692	-628	-221	-2,863	-2,798	-440	-240	0	0	0
Net cash used by investing activities
-66,925	-75,751	-93,369	-190,651	-223,388	-275,414	-258,713	-202,352	-231,945	-180,891	-343,214	-330,072	-274,302	-279,511	-265,835	-241,913	-255,515	-251,140	-171,313	-163,060	-139,666	-136,043	-72,655	-83,119	-104,223	-101,050	-79,449	-68,463	-69,262	-68,513	-69,132	-122,207	-132,492	-131,785	-132,351	-77,727	-135,793	-136,170	0	0	0
Cash flows from financing activities:
Proceeds from short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-125	-125	-125	0	0	0	0	-	-	-	-	-7,000	3,000	-86,000	0	-19,000	0	0	0
Proceeds from issuing long-term debt
1,170,000	241,500	294,000	526,000	537,875	1,280,000	1,259,500	1,143,000	1,170,125	403,000	723,000	620,000	570,000	559,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200,000	200,000	200,000	200,000	0	0	0	0
Payments on long-term debt
976,000	268,000	259,214	340,443	333,153	1,078,853	1,126,714	1,098,523	1,169,304	454,165	592,906	520,657	454,482	442,189	250,394	222,375	297,338	439,812	715,374	686,452	547,942	340,903	919	1,986	1,758	1,555	0	0	0	-	-	-	-	215,030	215,030	215,030	215,030	0	0	0	0
Net change in customer funds obligations
3,099	12,598	11,626	315	78	20,279	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for debt issue costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	1,085	1,058	1,037	236	3,576	3,548	3,604	4,504	1,207	1,247	1,271	3,513	3,470	3,466	3,576	2,361	0	0	0
Change in book overdrafts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-243	103	83	-2,600	-4,745	-1,883	-1,939	-136	2,884	-659	-64	-693	0	0	0
Proceeds from issuing shares under employee plans
3,386	3,198	3,382	3,393	3,902	7,523	8,115	8,886	9,189	9,033	10,471	10,835	11,542	9,114	7,264	5,953	5,091	5,895	5,826	6,150	7,161	9,148	11,881	13,715	12,337	15,948	15,591	18,813	18,646	12,320	9,684	4,030	4,699	7,671	7,786	8,181	7,543	3,267	0	0	0
Excess tax benefit from share-based employee awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,244	4,227	4,522	4,851	4,992	4,054	3,961	3,541	3,055	2,747	2,963	2,838	2,285	1,200	182	662	1,052	1,256	1,522	1,155	680	0	0	0
Employee taxes paid for shares withheld
2,020	3,935	3,084	2,902	6,092	7,977	10,530	11,752	8,386	9,377	10,072	8,901	10,286	5,589	2,795	3,087	1,722	1,698	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for common shares repurchased
82,547	118,547	198,547	238,900	230,004	200,000	134,930	74,928	69,994	65,000	60,350	55,311	55,222	55,224	57,900	89,933	74,956	59,952	46,996	8,179	28,189	60,119	75,119	68,738	68,119	48,798	48,954	47,156	39,764	27,155	11,999	17,633	17,634	23,620	23,620	20,985	8,985	2,999	0	0	0
Cash dividends paid to shareholders
51,338	51,742	52,794	54,160	55,394	56,669	57,369	57,704	57,900	58,098	58,265	58,430	58,571	58,720	58,917	59,158	59,484	59,755	59,937	59,969	59,970	57,603	55,315	53,026	50,624	50,711	50,814	50,857	50,889	50,918	50,862	50,886	51,005	51,126	51,244	51,402	51,481	51,435	0	0	0
Other
-811	-1,866	-1,654	-1,647	-2,180	-4,128	-5,189	-5,752	-5,215	-2,342	-1,764	-2,211	-2,032	-2,117	-2,315	-1,190	-1,326	-1,059	-1,738	-1,646	-1,510	-1,360	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided (used) by financing activities
63,769	-186,794	-206,285	-108,344	-84,968	-39,825	-73,182	-93,493	-127,199	-182,956	11,837	-12,952	2,672	5,998	-16,379	-42,853	-34,404	-48,387	-245,721	-216,994	-225,662	-204,048	-116,358	-107,308	-105,840	-82,297	-175,643	-168,661	-161,628	-159,510	-90,929	-80,437	-66,488	-91,702	-78,438	-167,839	-70,438	-72,541	0	0	0
Effect of exchange rate change on cash, cash equivalents, restricted cash and restricted cash equivalents
-9,349	5,444	-2,586	267	-3,549	-7,636	671	288	2,945	5,370	1,650	-397	-841	2,363	780	-1,558	-1,159	-9,218	-8,959	-8,118	-7,257	-4,555	-3,914	-670	-3,436	-2,501	-1,400	-1,487	-633	694	1,402	-945	-480	-576	-659	1,421	792	690	0	0	0
Net change in cash, cash equivalents, restricted cash and restricted cash equivalents
247,303	29,552	25,997	-1,245	-7,979	16,440	413	38,232	-11,324	-20,046	7,360	-797	48,517	48,162	17,170	4,666	12,691	886	-125,106	-82,016	-82,296	-59,548	87,961	94,112	69,874	75,654	-5,597	7,699	12,026	16,748	82,616	27,505	26,863	11,304	1,930	2,113	15,524	4,594	0	0	0