DOVER Corp DOV Cash Flow

Dover corp (DOV)

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	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	Dec'09	Sep'09	Jun'09	Mar'09
Operating Activities
Net earnings
176,279	168,122	206,006	198,085	105,705	141,569	157,305	139,958	131,435	296,448	178,912	164,058	172,247	161,162	130,084	118,290	99,356	141,825	186,098	332,396	209,510	169,294	231,844	213,959	160,138	193,963	269,114	330,049	210,003	159,860	241,046	214,101	196,063	278,289	172,280	249,769	194,905	198,348	223,759	169,870	108,127	99,048	106,884	97,081	53,425
Loss on assets held for sale
0	93,892	0	0	-46,946	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile net earnings to cash from operating activities:
Earnings from discontinued operations, net
-	-	-	-	-	-16,406	0	-26,497	22,025	-	-	-	-	-	-	-	-	5,251	-385	176,762	92,320	-2,541	6,161	3,378	-9,903	47,942	42,879	71,991	42,790	134,680	7,716	8,945	9,654	142,530	-51,158	10,571	20,114	91,264	4,724	-2,023	-13,358	-4,922	-600	-3,794	-7,669
Depreciation and amortization
68,752	69,993	66,787	67,769	67,738	76,562	68,090	69,303	68,625	71,117	72,533	44,030	95,598	-13,749	86,723	88,094	88,604	91,706	77,174	78,027	80,182	81,286	74,481	75,548	75,873	62,923	72,599	71,809	70,702	-31,226	90,315	89,535	81,310	70,146	84,275	68,425	67,631	48,321	48,903	66,073	65,940	39,463	64,340	63,735	63,825
Share-based compensation expense
3,252	5,209	7,876	8,435	8,182	7,852	5,443	3,658	6,745	4,195	3,017	4,056	12,805	859	3,431	2,973	11,387	5,172	6,674	5,464	13,387	6,918	8,297	7,912	8,501	7,096	7,081	7,955	8,348	7,295	7,483	7,532	8,574	5,105	6,018	5,974	8,033	3,882	3,562	5,941	7,022	2,232	3,887	5,076	5,963
Gain on sale of business
-	-	-	-	-	-	-	-	-	113,042	0	0	90,093	85,370	0	0	11,228	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8,304	-	701	-368	381	-	-	-1,141	2,049	-	10,221	-5,713	625	-	-	-	-
Other, net
17,358	-2,455	734	7,736	-2,363	-7,184	7,398	1,108	5,440	5,818	-9,536	1,867	6,067	5,385	2,640	11,461	12,479	-13,516	17,034	-11,542	10,282	-2,219	6,897	6,908	10,227	-4,595	4,145	25,894	-29,348	7,710	-528	5,117	2,535	1,718	-20,442	-3,940	4,351	24,380	39,642	-54,488	22,933	-12,908	-22,741	53,465	-34,393
Cash effect of changes in assets and liabilities (excluding effects of acquisitions, dispositions and foreign exchange):
Accounts receivable, net
25,313	-59,700	4,375	20,976	42,252	-32,114	11,684	130,784	-22,781	-21,353	2,594	39,002	23,207	42,258	32,220	19,674	-20,103	-78,444	57,987	10,278	-27,737	-122,674	42,048	66,225	101,608	-100,795	-4,985	86,282	107,304	-183,793	79,360	50,832	42,732	-78,670	33,636	90,463	78,764	-139,973	514,991	-355,524	127,517	-10,698	43,814	-279,805	127,465
Inventories
61,936	-17,542	-19,142	20,513	73,041	-45,299	45,011	21,786	63,554	-66,287	-14,762	4,839	75,605	-17,936	4,794	-13,049	29,478	-41,071	-21,197	-19,722	18,861	-43,376	9,835	49,036	48,222	-52,424	13,610	10,022	27,108	-55,294	-3,355	38,345	36,599	-10,277	-20,764	26,952	60,234	-60,842	263,802	-169,755	55,347	13,016	-33,884	-72,297	13,382
Prepaid expenses and other assets
8,654	-3,539	5,977	8,438	14,921	-27,151	2,268	17,558	14,778	2,426	-835	-4,548	8,189	-15,517	10,483	3,927	1,522	5,960	2,466	-3,322	2,297	2,583	8,747	-1,650	8,847	3,842	-5,319	7,204	2,725	-5,057	-13,228	18,460	1,601	-17,248	10,689	-3,269	7,685	-1,052	-14,868	12,350	-4,635	-18,472	-27,821	29,024	-4,359
Accounts payable
-25,245	22,145	3,253	15,510	-22,638	18,663	23,306	71,282	-6,690	27,318	-5,720	28,621	43,833	32,254	33,205	19,676	-14,299	8,946	27,391	25,464	-18,876	-30,971	29,934	20,214	40,999	-22,465	-4,885	31,984	34,174	3,465	-17,340	30,321	19,106	-20,085	11,380	-4,590	95,919	-44,620	-27,928	63,735	87,996	2,949	3,512	-5,720	-21,119
Accrued compensation and employee benefits
-67,247	21,488	44,338	5,313	-55,559	10,064	33,901	18,552	-69,554	20,695	24,349	20,461	-42,186	5,570	26,535	23,353	-65,887	-7,603	24,229	10,777	-98,493	3,112	38,091	36,880	-95,814	18,817	35,011	43,488	-115,133	22,155	54,106	38,838	-68,629	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses and other liabilities
25,321	-8,823	17,082	-4,808	-16,107	3,143	24,725	3,135	-36,029	8,153	-4,658	2,263	-41,782	26,884	6,941	12,933	3,202	-13,822	15,370	-7,115	-14,198	33,844	-3,597	20,637	-9,929	5,396	-4,394	14,527	-22,882	-9,824	7,341	4,468	-24,556	-2,677	53,616	30,196	-98,993	-35,532	38,271	66,333	-36,644	12,542	17,309	-3,013	-116,420
Accrued and deferred taxes, net
14,563	-2,080	-2,533	-23,932	18,108	30,096	-2,465	-1,944	4,019	54,386	-15,750	-64,281	41,572	84,764	-3,181	-33,908	45,654	-43,782	1,182	-73,648	55,843	31,809	-13,350	-66,240	7,594	-7,782	-33,860	-57,335	31,384	15,856	-14,084	-19,367	42,199	-75,418	12,098	-24,878	23,205	-59,038	-24,579	26,780	43,054	25,194	24,647	-33,940	19,428
Net cash provided by operating activities
75,863	361,208	350,865	208,709	24,524	370,509	243,944	159,205	15,535	285,412	255,765	119,306	78,926	161,650	231,665	207,868	133,413	316,603	282,213	218,911	131,332	444,778	292,012	185,013	28,361	391,175	281,336	249,388	57,713	277,868	285,813	243,361	161,327	249,487	376,614	205,260	117,503	351,525	160,505	231,199	87,066	189,268	246,811	192,436	114,866
Investing Activities
Additions to property, plant and equipment
40,172	49,528	46,184	53,970	37,122	36,438	38,192	51,686	44,678	39,706	51,396	35,852	43,114	23,810	43,116	35,422	37,230	42,972	39,516	43,807	27,956	57,256	33,532	42,550	32,695	43,707	39,644	32,017	26,326	-62,347	67,842	72,758	68,249	73,959	65,000	72,338	51,379	44,056	38,960	46,945	39,336	29,722	24,799	26,976	31,475
Payments to Acquire Businesses, Net of Cash Acquired
-	-	-	-	-	-	-	172	68,385	-	0	25,568	0	1,059,909	26,592	39,178	436,058	561,343	0	0	6,500	436,704	222,463	33,217	109,870	203,848	49,973	69,017	0	726,163	0	57,756	296,514	12,965	944,628	626	423,998	-	-	-	-	-	-	-	-
Acquisitions, net of cash acquired
208,421	-	-	-	175,083	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,306	112,992	58,896	291,687	0	252,246	6,873	89,320
Proceeds from sale of short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	124,410	96,403	152,785	130,581	173,697	101,930	77,309	129,499	97,295
Proceeds from sale of property, plant, and equipment
1,232	1,330	205	2,463	170	1,227	2,270	251	2,160	5,785	3,812	904	1,273	5,252	4,167	5,185	619	5,133	1,748	1,682	6,041	4,430	8,105	640	1,198	15,395	535	4,163	3,708	-1,460	4,863	3,952	1,977	1,994	2,393	1,889	3,087	4,140	731	8,062	3,253	8,622	4,268	3,976	4,751
Proceeds from sale of businesses
16,850	0	0	21,973	2,245	1,868	0	0	2,069	251,491	0	778	120,397	159,107	0	0	47,300	0	4,314	500,000	185,000	13,236	173,630	4,482	0	-	-	-	-	-	-	-	-	212,725	299,360	-55	4,871	0	0	-1,500	6,000	2,196	0	1,270	105
Other
0	0	2,250	0	7,900	2,012	0	-1	13,763	0	0	-18,782	-2,369	0	569	0	488	-1,350	0	0	0	-1,775	0	17,530	4,236	-596	1,050	-1,926	-1,125	2,727	5,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by investing activities
-230,511	-48,198	-48,612	-69,755	-217,690	-35,355	-35,922	-51,606	-122,597	215,950	-47,584	-40,956	80,925	-919,360	-66,110	-69,415	-425,857	-615,584	-33,454	457,875	156,585	-474,519	-74,260	-88,175	-145,603	-158,863	-90,132	-91,189	-21,493	-658,092	-57,342	-147,110	-362,786	127,795	-707,875	-89,341	-343,009	-6,039	-33,649	21,317	-148,073	-95,704	-204,444	66,608	-18,644
Financing Activities
Cash received from Apergy, net of cash distributed
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	118	640	0	359,197	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common stock, including prepayment under an accelerated share repurchase program
52,916	120,000	23,280	0	0	2,206	147,794	700,000	44,977	105,023	0	0	0	-	-	-	-	0	100,030	300,079	200,055	208,489	75,017	25,006	292,565	50,009	56,750	59,177	291,935	355,468	194,563	153,767	45,157	112,851	31,255	69,169	29,213	53,357	5,744	35,753	28,701	-	-	-	-
Proceeds from long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	788,971	-	-	-	-	-	-	-	-
Proceeds from exercise of share-based awards, including tax benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	1,603	2,862	1,785	2,181	398	145	695	2,786	2,069	2,530	11,586	4,152	3,614	30,332	-2,735	7,711	28,089	18,620	3,441	15,912	3,190	2,518	14,219	19,899	27,500	9,434	23,339	19,448	21,281	1,331	2,729	1,237
Change in commercial paper and notes payable
415,300	-98,000	-175,000	11,457	125,893	-78,339	14,033	-141,482	195,066	97,331	-122,483	-141,544	-15,900	-100,441	169,719	-61,543	247,099	-10,200	79,300	-243,600	-152,500	327,480	102,520	-26,300	-152,200	-442,308	6,265	-36,862	91,905	607,500	0	0	0	-	-	-	-	-	-	-	-	-	100,287	14,759	77,511
Dividends paid to stockholders
70,899	71,125	71,342	69,921	69,809	70,444	70,804	69,631	72,691	73,410	73,367	68,666	68,516	67,980	68,506	65,313	65,940	65,225	65,085	63,217	64,442	65,854	66,203	62,445	63,985	63,709	63,873	59,941	60,297	61,826	63,419	57,771	57,943	58,108	58,441	51,264	51,341	51,463	51,359	48,581	48,696	48,443	48,398	46,530	46,503
Payments to settle employee tax obligations on exercise of share-based awards
10,019	8,359	7,802	1,601	19,608	1,811	23,241	6,259	14,943	4,631	1,784	3,151	8,877	2,676	5,584	2,607	4,833	221	330	2,117	2,361	1,351	1,436	12,038	6,326	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in notes payable, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-46,111	8,142	23,003	-	18,000	-97,500	127,500	-	-	-	-
Repayments of long-term debt
-	-	-	-	-	0	0	0	350,000	0	0	0	0	-	-	-	-	299,972	34	11	31	4,953	1,568	-2	47	3,246	-25	-31	56	2,983	469	72	58	1,467	729	16	400,442	-	-	-	-	-	-	-	-
Other
-512	-485	-477	-531	-409	4,275	-4,670	-5	-1,558	5,825	-1	-2,912	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in by financing activities
280,954	-255,612	-277,901	-60,596	36,067	-148,525	-232,476	-227,734	-289,103	-85,732	-197,635	-216,273	-93,293	485,016	98,491	-127,678	178,507	19,080	-86,034	-608,329	-416,603	49,020	-38,534	-114,201	-151,774	-154,707	-112,479	-158,684	-252,672	192,304	-239,831	-208,169	-87,246	-169,272	-134,018	-98,088	350,877	-110,361	-88,946	-175,032	69,551	-25,627	-166,944	-73,105	-122,777
Cash Flows from Discontinued Operations
Cash Provided by (Used in) Operating Activities, Discontinued Operations
-	-	-	-	-	-6,348	-3,546	-627	19,963	-	-	-	-	-	-	-	-	-22,257	-81,636	-12,770	2,717	-20,006	-1,462	78,591	-31,363	30,582	63,960	60,051	18,362	300,747	11,973	10,846	-25,022	102,708	13,438	5,939	8,553	73,651	40,380	-409	-1,025	65,597	2,801	-11,894	-6,770
Cash Provided by (Used in) Investing Activities, Discontinued Operations
-	-	-	-	-	0	0	-10,279	-13,426	-	-	-	-	-	-	-	-	0	0	-2,784	800	-2,116	-2,030	-1,834	-13,773	-42,947	-20,227	-21,872	-22,145	-121,831	-1,288	-1,395	-2,932	-8,864	-1,794	-1,430	-1,239	-7,795	-4,374	0	-140	-5,868	-342	-82	-162
Net Cash Provided by (Used in) Discontinued Operations
-	-	-	-	-	-6,348	-3,546	-10,906	6,537	-	-	-	-	-	-	-	-	-22,257	-81,636	-15,554	3,517	-22,122	-3,492	76,757	-45,136	-12,365	43,733	38,179	-3,783	178,916	10,685	9,451	-27,954	93,844	11,644	4,509	7,314	65,856	36,006	-409	-1,165	59,729	2,459	-11,976	-6,932
Effect of Exchange Rate on Cash and Cash Equivalents
-14,652	-677	-5,146	-46	3,892	6,663	-5,537	6,633	2,886	-1,146	5,384	-2,590	-174	3,570	-4,431	645	-4,528	1,670	-13,584	3,779	-17,926	-21,810	-16,880	1,955	-3,691	-1,182	11,416	-3,103	-8,482	14,981	8,809	-11,544	9,880	-10,495	-29,521	-836	57,002	16,662	53,162	-28,553	-31,449	-11,214	26,062	19,287	-13,612
Net (decrease) increase in cash and cash equivalents
111,654	56,721	19,206	78,312	-153,207	186,944	-33,537	-124,408	-386,742	431,925	20,451	-113,942	66,384	-165,609	259,615	11,420	-118,465	-300,488	67,505	56,682	-143,095	-24,653	158,846	61,349	-317,843	64,058	133,874	34,591	-228,717	5,977	8,134	-114,011	-306,779	291,359	-483,156	21,504	189,687	317,643	127,078	48,522	-24,070	116,452	-96,056	193,250	-47,099