DESIGNER BRANDS INC. DSW Cash Flow

Designer brands inc. (DSW)

CashFlow / TTM

Feb'20	Nov'19	Aug'19	May'19	Feb'19	Nov'18	Oct'18	Aug'18	May'18	Feb'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11
Cash flows from operating activities:
Net income (loss)
94,497	56,335	52,194	-13,569	-20,466	-	37,212	1,898	68,931	67,452	85,910	120,868	117,223	124,419	105,772	106,104	118,682	136,034	155,049	165,308	162,026	153,299	150,627	156,034	155,426	151,302	150,342	145,496	141,094	146,439	138,660	142,219	258,772	195,483	0	0	0
Income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,253	0	0	0	-	-	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	145,186	142,435	145,989	262,374	200,338	0	0	0
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Amortization of debt issuance costs and discount on debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,086	0	0	0
Depreciation and amortization
86,649	85,595	83,104	82,459	79,048	-	76,615	77,004	77,867	80,861	83,720	84,721	84,076	82,824	79,769	77,254	75,451	73,577	72,318	71,032	69,776	68,243	66,118	65,081	64,283	64,237	64,656	63,489	60,796	58,002	55,246	53,089	52,150	51,237	0	0	0
Stock-based compensation expense
17,059	17,508	17,426	17,249	17,393	-	16,998	16,551	15,609	14,704	13,870	13,222	12,639	12,687	12,920	13,162	13,595	13,501	12,766	11,883	11,170	10,495	10,456	10,258	9,848	9,342	8,996	8,891	8,500	8,080	8,004	7,595	6,749	4,914	0	0	0
Deferred income taxes
-2,931	-7,954	-24,231	-11,699	-11,748	-	-7,617	4,560	-11,981	-12,804	-14,243	1,898	5,027	6,861	12,930	11,423	10,229	9,265	4,098	2,686	548	-1,361	-3,224	21,937	31,560	41,834	51,601	57,697	67,880	85,168	83,537	74,380	-84,287	-104,818	0	0	0
Income (Loss) from Equity Method Investments
10,149	8,652	5,990	3,526	-12	-	-796	834	1,053	1,057	47	-455	-256	-	1,762	1,330	682	-351	1,039	1,392	2,471	3,813	0	0	0	-	-	-	-	-	-	-	-	-2,778	0	0	0
Impairment of Long-Lived Assets Held-for-use
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	962	538	4,247	5,513	5,095	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Lease exit non-cash charges
-	0	0	3,678	-	-	0	0	3,559	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accretion Expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of contingent consideration liability
-	-	-	-	-	-	-	-	-	-32,747	0	0	0	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on foreign currency reclassified from accumulated other comprehensive loss
-	0	0	-12,218	-	-	0	0	-1,564	-	-2,186	-2,161	-1,462	0	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-3,957	2,660	3,788	6,091	-3,780	-	-3,887	-5,051	-759	-282	-510	-3,366	-8,093	-1,828	7,483	10,364	9,641	6,328	-5,708	-9,677	-9,591	-5,490	-9,654	-7,425	-4,311	-5,548	-7,181	-11,201	-20,723	-21,358	-12,627	-4,689	-329	-8,698	0	0	0
Change in fair value of derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,121	-3,140	17,784	-4,380	-53,914	0	0	0
Loss on disposal of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-983	-1,254	-926	-844	-888	-1,142	-995	-1,149	-1,964	-1,797	-1,830	-1,902	-1,302	-1,062	-1,708	-1,943	-1,976	-2,232	-1,826	-1,512	0	0	0
Excess tax benefits related to stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,887	5,306	4,683	4,015	3,073	4,507	6,283	6,236	11,131	9,653	12,637	14,773	0	0	0	-	-	-	-
Amortization of investment discounts and premiums
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10,981	-9,647	-7,924	-5,456	-12,405	-11,266	-10,345	-9,525	-10,564	-10,000	-9,641	-10,357	-4,127	-5,188	-3,424	-6,834	-5,096	-5,471	-8,570	-5,760	0	0	0
Nonoperating Income (Expense)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Change in operating assets and liabilities:
Accounts receivable
-265	-12,496	-17,584	-20,156	-36,151	-	-7,352	-2,273	-3,294	230	-659	-900	1,855	2,206	1,476	-1,290	-10,507	-8,943	-8,346	-9,272	1,405	-2,239	2,756	6,126	3,090	-138	-2,797	-3,452	490	9,382	12,299	12,331	3,542	3,810	0	0	0
Inventories
-9,290	-18,123	28,602	-34,870	4,162	-	13,029	11,906	-35,471	1,908	-16,166	-28,896	11,836	-14,411	11,306	20,861	21,069	33,400	34,983	90,182	92,113	53,068	62,194	10,476	24,673	3,974	1,599	37,284	22,055	59,404	44,522	48,965	38,760	25,377	0	0	0
Prepaid expenses and other current assets
14,994	8,858	-7,975	5,829	12,310	-	15,535	32,422	16,576	15,895	6,589	10,538	8,428	-4,138	910	-677	-16,312	-1,782	-2,862	-19,729	1,442	3,959	-14,006	3,990	2,450	7,831	12,394	15,245	10,309	-3,811	1,821	-2,959	1,255	-6,452	0	0	0
Accounts payable
36,995	-25,560	-33,595	-83,080	-38,059	-	-21,291	36,313	-22,874	-8,855	33,790	-32,462	14,867	-30,572	-13,292	3,279	-4,136	38,031	-12,506	435	47,971	7,083	35,738	15,553	16,034	15,957	-20,706	23,725	-24,231	2,793	12,524	27,269	16,876	-1,909	0	0	0
Accrued expenses
-26,595	-19,703	267	12,666	16,984	-	28,241	12,801	-1,186	10,492	-2,803	5,142	9,353	18,667	21,350	-2,372	-15,290	-3,644	-1,760	10,773	21,296	908	-2,289	-12,524	695	3,766	14,717	22,641	20,121	-3,157	733	7,138	8,883	11,260	0	0	0
Net cash provided by operating activities
196,707	146,072	102,954	147,013	175,334	-	199,775	252,951	208,993	191,016	240,723	196,399	210,410	212,906	210,818	191,948	205,797	245,374	210,862	213,869	231,893	197,038	228,705	252,044	273,597	301,375	285,511	304,160	265,359	258,564	260,455	250,183	232,405	214,183	0	0	0
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment
77,820	76,384	73,511	72,049	65,355	-	65,275	60,246	56,153	56,282	53,975	63,785	79,855	87,580	97,244	104,894	103,268	103,939	105,579	101,131	99,003	98,126	91,331	89,120	90,606	86,412	89,311	100,259	100,876	102,034	99,554	87,676	80,709	74,707	0	0	0
Purchases of available-for-sale investments
20,973	19,889	3,014	8,629	16,735	-	51,033	66,016	86,559	133,153	124,800	122,293	126,581	95,905	107,603	231,647	300,467	279,735	280,974	144,454	42,174	43,687	34,935	36,935	39,525	34,720	11,250	17,700	25,385	44,790	109,800	106,670	119,133	186,570	0	0	0
Purchases of held-to-maturity investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	132,765	157,800	181,903	316,981	379,438	413,824	369,129	327,608	309,032	253,348	279,278	222,691	207,194	0	0	0
Sales of available-for-sale investments
66,389	66,901	51,620	29,912	71,136	-	159,685	172,710	193,745	187,866	101,869	124,200	122,987	220,744	255,959	368,516	365,611	353,344	334,644	185,543	161,261	48,590	34,935	36,935	41,170	36,950	31,675	137,210	142,515	160,332	163,597	139,531	151,090	150,244	0	0	0
Additional borrowings by TSL
0	0	0	0	15,989	-	67,696	67,696	67,696	57,396	3,461	3,843	3,843	4,795	6,839	6,484	6,484	4,580	4,764	4,737	51,333	46,596	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Maturities of held-to-maturity investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	197,666	247,006	227,466	236,312	228,358	248,844	232,993	226,581	207,408	164,866	184,530	155,914	178,808	0	0	0
Activity related to investment - related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-199	0	0	0
Increase (Decrease) in Restricted Cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,350	-1,042	119	5,328	245	10,132	6,434	6,147	0	0	0	-	-	-	-	-	-	-	-
Payments to Acquire Businesses, Net of Cash Acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	59,776	59,481	60,411	60,411	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-27,439	-251,325	-251,823	-305,836	-282,013	-	-52,471	-49,400	-16,663	-58,965	-80,662	-65,086	-86,657	-27,312	-22,191	-37,305	-109,941	-34,910	-97,316	-64,388	-18,899	-105,482	-74,288	-125,472	-176,064	-241,409	-270,958	-148,177	-116,065	-119,408	-134,343	-149,667	-115,633	-139,618	0	0	0
Cash flows from financing activities:
Borrowing on revolving line of credit
463,300	535,200	480,700	375,200	160,000	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on revolving line of credit
433,300	300,200	245,700	140,200	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan proceeds from related party loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,000	0	0	0
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	3,797	6,208	6,364	-	7,666	4,502	5,146	7,504	5,293	5,586	7,061	5,120	3,522	5,899	4,998	6,251	10,321	8,674	9,746	15,556	12,571	12,589	12,024	5,352	0	0	0
Payment of credit facility costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,625	0	0	0
Cash paid for income taxes for stock-based compensation shares withheld
-	-	-	-	-	-	-	-	-	-	1,028	2,174	2,187	-	3,546	2,228	2,177	2,396	1,271	1,497	1,558	1,649	3,186	3,021	2,972	3,157	2,283	2,223	7,948	6,411	0	0	0	-	-	-	-
Cash paid for treasury shares
141,629	189,159	172,530	122,530	47,530	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the exercise of warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,792	7,792	7,792	4,262	995	0	0	0
Dividends paid
72,565	74,634	76,691	78,764	79,795	-	75,827	71,764	67,780	63,823	63,865	64,359	64,713	65,073	66,263	67,111	68,450	69,720	69,035	68,418	67,544	66,912	61,735	56,386	50,829	33,854	38,686	124,418	121,844	129,215	0	0	0	-	-	-	-
Other
841	-1,928	-1,909	-1,931	-2,711	-	1,719	570	-895	1,769	4,618	4,618	5,516	4,618	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits related to stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,887	5,306	4,683	4,015	3,073	4,507	6,283	6,236	11,131	9,653	12,637	14,773	0	0	0	-	-	-	-
Net cash provided by (used in) financing activities
-183,353	-30,020	-16,130	31,775	29,964	-	-75,119	-81,082	-77,735	-71,429	-76,808	-108,553	-108,713	-110,455	-223,889	-246,619	-246,626	-244,205	-123,188	-89,185	-142,696	-144,764	-145,290	-105,803	-44,388	-26,392	-59,316	-148,113	-143,436	-137,062	-94,070	-89,677	-98,127	-95,293	0	0	0
Effect of exchange rate changes on cash balances
81	692	765	2,190	1,351	-	0	0	0	-	-	-	-	-	-	-	-	3,267	3,267	3,305	3,312	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash, cash equivalents, and restricted cash
-14,004	-134,581	-164,234	-124,858	-75,364	-	72,935	122,769	114,595	60,622	83,253	22,760	15,040	75,139	-31,995	-88,709	-147,503	-30,474	-9,284	60,654	70,656	-52,850	9,127	20,769	53,145	33,574	-44,763	7,870	5,858	2,094	32,042	10,839	18,645	-20,728	0	0	0
Supplemental disclosures of cash flow information:
Cash paid during the period for interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,291	0	0	0
Cash paid for income taxes
39,450	32,852	35,356	40,015	41,695	-	53,133	59,251	55,662	77,208	80,913	76,936	67,737	56,529	0	0	0	-	-	-	80,822	91,727	82,102	83,165	62,625	55,031	39,195	16,112	13,445	8,583	7,623	8,501	28,572	27,304	0	0	0
Cash paid for interest on debt
8,323	7,441	4,916	2,851	864	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for operating lease liabilities
236,506	178,225	118,563	59,162	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from construction and tenant allowances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	16,341	15,732	17,220	21,138	24,702	24,300	23,059	16,421	12,876	10,780	10,389	9,840	0	0	0
Non-cash investing and financing activities:
Property and equipment purchases not yet paid
12,164	13,574	13,795	12,893	13,537	-	10,045	12,457	11,872	9,778	11,191	9,649	9,157	8,882	0	0	0	-	-	-	5,853	5,178	9,369	6,116	5,164	5,642	-270	4,360	2,484	7,388	15,347	10,030	10,101	9,708	0	0	0
Operating lease liabilities arising from lease asset additions (excluding ASU 2016-02 transition adjustments)
24,137	17,729	9,184	4,621	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustment to operating lease assets and lease liabilities for modifications
71,945	60,736	48,029	19,147	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-