ECOLAB INC. ECL Cash Flow

Ecolab inc. (ECL)

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 income including noncontrolling interest
290,200	434,300	469,300	372,200	300,400	400,200	438,300	353,600	248,200	568,400	396,600	296,300	257,300	371,400	379,500	263,600	232,000	222,900	250,100	308,800	235,400	343,300	369,400	315,000	194,500	289,600	307,200	215,800	161,000	234,500	239,300	183,400	44,100	88,800	154,500	126,200	93,800	131,600	174,300	129,500	95,700	116,300	145,200	99,500	57,700
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation
169,300	165,700	165,000	164,300	159,000	159,500	156,000	154,600	150,900	149,000	150,700	144,100	142,200	140,100	144,900	136,400	139,600	136,800	136,900	143,700	142,100	140,700	141,300	139,600	136,500	132,900	130,900	127,800	122,600	119,700	116,700	116,300	115,500	86,100	82,900	82,800	79,600	-	-	-	-	-	-	-	-
Amortization
80,300	79,000	79,700	80,700	79,800	78,100	78,600	80,100	80,200	79,100	77,600	77,100	73,800	72,500	71,900	72,700	72,600	75,600	74,500	74,800	75,100	77,300	77,300	79,000	80,300	81,500	81,000	76,800	62,700	61,200	61,300	62,100	61,700	24,600	14,200	13,900	11,600	-	-	-	-	-	-	-	-
Deferred income taxes
-5,300	-55,400	20,900	1,900	-5,000	28,500	24,000	19,300	13,300	-363,300	24,700	-18,200	3,300	-35,300	-26,500	-69,900	41,100	-68,300	-141,300	-38,100	3,200	-42,400	-28,500	-42,300	-8,300	-27,800	-23,400	-52,400	-26,900	-17,800	40,700	-7,200	-18,900	38,400	-4,000	7,200	100	-34,000	3,700	-3,000	2,200	67,900	16,400	-2,000	5,800
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	81,500	91,800	86,200	85,700	83,600	84,600	80,400
Share-based compensation expense
29,100	17,900	13,700	27,300	32,200	18,900	13,700	28,100	33,700	18,700	14,300	26,600	30,900	18,000	14,100	24,500	29,100	18,100	13,000	21,800	25,300	16,000	12,400	19,900	22,800	16,000	13,900	18,600	21,100	15,100	12,400	17,400	20,900	11,900	7,000	9,800	11,200	8,200	6,800	9,800	4,400	14,400	8,000	7,000	7,900
Excess tax benefits from share-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	4,100	19,900	12,900	6,700	21,600	4,800	11,700	19,700	14,200	10,800	8,000	22,900	10,400	8,300	5,600	12,300	22,000	3,700	17,300	7,100	4,800	1,100	5,500	2,300	3,600	6,400	4,300	2,600	1,800	4,700	1,000	200
Pension and postretirement plan contributions
20,600	22,000	133,000	12,000	19,000	14,000	12,000	11,000	23,000	13,100	94,000	14,000	23,000	4,800	15,000	168,000	24,000	10,900	16,000	17,000	21,000	15,700	16,000	17,000	28,000	18,000	25,000	18,000	19,000	22,900	31,000	175,000	26,000	24,600	9,000	14,000	109,000	27,200	6,700	6,000	6,700	118,900	81,600	7,100	56,100
Pension and postretirement plan expense
9,900	12,700	5,200	5,300	4,900	8,500	6,400	8,400	8,600	10,400	9,200	8,500	8,800	11,000	14,500	14,400	14,200	26,800	28,900	28,800	29,300	18,500	21,900	21,600	21,900	35,500	35,600	35,600	35,700	32,400	26,800	28,100	27,300	22,500	20,500	20,300	19,800	23,300	22,800	21,800	22,900	20,500	20,400	20,900	20,200
Restructuring charges, net of cash paid
-16,200	4,000	8,100	6,800	16,300	-13,900	63,700	1,400	-7,700	-8,100	-7,000	26,500	-6,200	-12,400	-21,000	-13,400	-13,700	48,300	-5,300	4,900	-9,500	22,700	-13,100	-12,000	2,700	-19,300	-14,100	2,800	-9,200	33,200	5,700	10,600	17,100	4,800	8,400	26,000	10,300	-	-	-	-	-6,500	-5,000	9,200	24,700
Venezuela currency devaluation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	0	-23,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-11,800	-5,300	-1,200	-6,900	-6,400	-4,000	-7,700	-7,400	-4,900	-17,500	-7,300	-7,900	-4,700	-2,300	800	-5,200	-7,500	-9,400	4,800	-2,200	-4,800	600	300	-5,000	-3,700	-3,500	-5,400	-2,900	-4,600	-8,800	9,600	-3,700	-2,700	-3,300	-1,600	-2,100	-1,900	-4,900	-4,400	3,500	4,000	-20,300	1,700	3,400	2,300
Changes in operating assets and liabilities, net of effect of acquisitions:
Accounts receivable
76,200	61,500	500	83,200	-8,000	2,800	72,800	122,400	-33,900	68,300	39,300	60,300	-76,400	36,900	24,700	50,800	-113,300	12,400	33,800	-34,600	12,400	11,900	84,100	117,700	-38,300	77,100	75,300	25,100	-30,100	15,000	101,700	103,500	-30,500	31,900	39,800	44,500	-10,200	-35,200	47,700	46,000	-19,200	-22,000	30,500	-8,600	-45,000
Inventories
26,000	-88,600	-35,300	-100	83,000	-30,100	52,300	41,700	77,200	-31,400	21,100	28,300	67,500	15,800	6,000	-41,800	1,200	-28,800	11,400	-17,600	83,600	42,100	61,500	52,400	54,800	-61,800	19,700	18,400	54,200	-25,400	23,100	22,900	-18,600	8,100	11,200	7,200	9,600	-16,900	10,600	-7,300	-5,000	8,700	-5,400	-22,100	5,800
Other assets
48,800	-60,700	75,800	72,300	-5,900	57,800	-24,200	46,100	1,000	57,300	-18,000	-4,100	13,700	20,900	33,700	-25,100	5,400	-10,700	21,400	13,100	45,300	54,600	16,900	-10,100	44,900	-40,800	21,800	37,300	50,400	-67,200	14,600	-11,000	45,000	19,500	14,600	700	25,400	-40,000	-9,700	20,400	-13,100	16,100	6,300	-12,600	20,900
Accounts payable
-	11,300	-25,200	71,500	-35,300	61,300	-27,600	39,400	40,400	64,100	-27,000	71,100	12,900	-17,500	41,600	-21,000	-58,200	17,800	81,800	24,300	-170,000	145,200	49,500	49,600	-69,600	91,300	17,800	-20,500	-38,000	32,300	67,200	3,400	-23,900	13,800	12,700	33,800	600	-2,200	18,400	21,900	-31,300	-12,400	19,800	15,700	-48,200
Other liabilities
-25,700	80,300	118,300	-30,100	-92,500	126,400	16,800	-172,600	-18,000	253,700	75,200	-107,400	-74,200	-34,100	98,000	103,700	-67,700	-25,500	276,500	-101,400	-41,200	91,800	172,300	-71,300	-57,800	28,500	132,100	-96,000	-65,200	19,400	123,300	-9,500	-107,000	-60,500	16,500	-4,200	-36,700	36,900	31,800	23,700	-76,700	-6,800	59,700	-1,500	-85,400
Cash provided by operating activities
371,800	821,000	682,200	539,400	378,100	827,300	664,700	298,500	487,200	646,400	585,200	434,000	425,700	448,000	616,900	402,300	472,500	604,600	758,600	524,100	112,500	670,600	613,100	317,500	214,400	630,600	536,200	207,000	186,000	482,200	509,700	100,600	110,500	144,800	238,600	246,000	56,100	312,200	273,200	229,600	135,400	163,500	232,100	272,000	27,400
INVESTING ACTIVITIES
Capital expenditures
160,700	250,200	179,900	183,500	187,000	213,000	221,600	209,200	203,300	274,600	215,800	210,700	167,500	278,200	174,900	163,600	140,100	219,400	224,100	160,700	166,800	260,000	167,000	179,500	142,200	201,700	158,300	135,900	129,200	180,500	139,500	130,300	124,200	113,400	82,500	80,000	65,800	72,300	62,800	74,400	51,000	83,500	61,300	56,500	51,200
Capitalized software expenditures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,000	13,600	8,600	19,500	10,400	7,500	6,800	13,300	16,400	6,800	8,700	11,500	9,500	9,900	6,300	15,400	9,600	3,700	4,300	7,800	4,600	5,100	6,800	8,900	7,200	12,500	8,600	15,100	12,400	9,300	8,000
Property and other assets sold
1,400	2,400	5,000	2,100	1,400	500	5,000	24,000	500	6,600	1,600	2,000	500	900	18,200	4,100	7,300	4,800	3,400	800	6,000	2,300	3,300	4,600	700	8,500	7,300	1,400	900	6,000	1,900	5,800	2,200	-100	600	2,100	400	1,100	100	600	800	8,500	2,200	300	700
Acquisitions and investments in affiliates, net of cash acquired
1,500	4,800	97,800	7,000	281,800	152,200	-500	1,600	76,500	158,000	4,700	-100	826,600	4,800	35,300	-100	9,500	136,400	114,800	3,900	10,800	11,800	36,400	9,100	25,300	-4,600	-9,800	1,360,900	91,200	0	15,600	15,600	11,800	1,351,300	800	3,600	277,500	-	-	-	-	7,300	1,900	700	4,500
Divestiture of businesses
-	-	-	-	-	0	800	-1,000	9,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	6,000	8,700	1,300	-	-	-	-
Release from (deposit into) acquisition related escrow
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,200	35,000	0	9,400	0	7,300	300	1,100	0	0	0	13,000	0	15,200	0	2,100	-	-	-	-	-	-	-	-	-	-	-	-
Deposit into acquisition related escrow
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-100	0	2,600	8,000	0	0	0	1,300	0	0	0	28,100	-	-	-	-	-	-	-	-
Settlement of net investment hedges
-	-	-	-	-	0	0	0	14,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
4,900	17,300	0	-2,500	10,000	-	-	-	-	0	-900	0	1,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash used for investing activities
-165,700	-269,900	-271,700	-180,100	-477,400	-381,100	-204,500	-188,600	-255,800	-305,100	-218,000	-208,600	-995,300	-191,800	-257,900	-173,000	-150,900	-366,700	-209,100	-171,000	-169,000	-283,400	-205,600	-184,900	-174,400	-200,400	-158,600	-1,507,900	-220,800	-73,000	-134,600	-143,000	-137,300	-1,472,600	-87,300	-86,600	-377,800	-63,800	-104,900	-77,400	-57,500	-97,400	-73,000	-65,900	-63,000
FINANCING ACTIVITIES
Net issuances of commercial paper and notes payable
957,600	-401,500	-284,800	-53,600	487,900	226,100	-107,000	-131,600	354,300	-231,500	-722,000	51,000	858,800	-84,000	-180,000	-12,800	-329,600	-84,700	-677,000	113,900	335,700	289,400	-167,400	80,100	397,500	-187,700	-158,200	377,600	-310,000	2,300	-816,000	106,800	319,600	610,100	-65,300	-103,400	465,700	-156,500	16,700	-39,500	112,700	-24,200	-120,300	-181,300	81,800
Long-term debt borrowings
766,600	-	-	-	-	-	-	-	-	-	-	-	-	1,596,200	0	-300	794,100	-1,300	629,400	100	595,500	-	-	-	-	0	0	899,900	200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt repayments
299,700	0	-400	700	400,300	249,800	1,200	0	300,600	778,900	14,800	4,900	400	1,439,100	500	4,300	125,700	150,500	504,200	4,300	375,700	500,500	150,800	155,100	101,400	173,400	101,800	234,300	1,700	2,000	1,800	1,600	1,689,500	1,264,700	1,900	2,000	151,800	1,500	2,600	1,900	1,400	1,400	1,500	1,500	2,000
Reacquired shares
95,000	5,100	1,100	216,100	131,400	241,000	105,600	700	215,100	12,600	86,600	126,600	374,500	1,800	99,900	248,000	389,900	27,300	1,500	313,700	412,600	87,600	4,400	94,000	242,600	79,100	52,800	153,500	22,200	16,800	2,200	105,600	85,300	567,500	300	52,000	70,200	3,700	143,100	57,300	144,700	57,300	11,100	300	100
Dividends paid
145,500	136,900	137,300	139,300	141,400	125,700	118,500	128,900	123,400	118,400	107,400	109,700	113,200	103,000	106,900	109,600	108,000	99,100	99,100	102,700	99,800	85,500	86,600	86,400	85,900	74,500	71,200	67,900	4,500	126,300	59,600	59,700	61,200	40,600	41,100	40,600	40,600	35,900	36,200	36,600	36,800	33,200	33,100	33,400	33,000
Exercise of employee stock options
83,400	15,100	52,000	52,000	67,700	28,700	35,400	22,000	28,400	20,800	8,400	28,900	25,700	14,500	21,600	31,400	9,300	25,300	8,800	26,000	23,000	13,900	20,600	6,900	24,000	19,300	21,500	24,200	32,000	50,000	15,700	58,500	39,500	28,800	9,500	36,900	13,800	17,300	37,100	21,100	13,700	9,300	25,000	10,300	1,800
Excess tax benefits from share-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	4,100	19,900	12,900	6,700	21,600	4,800	11,700	19,700	14,200	10,800	8,000	22,900	10,400	8,300	5,600	12,300	22,000	3,700	17,300	7,100	4,800	1,100	5,500	2,300	3,600	6,400	4,300	2,600	1,800	4,700	1,000	200
Acquisition related liabilities and contingent consideration
2,500	-	-	-	-	-100	-100	1,700	8,600	-	-	-	-	31,700	400	1,100	2,300	12,100	0	900	-100	-2,800	14,900	-1,000	87,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
900	-	-	-	-	-	-	-	-	-	-	0	-900	-	-	-	-	-	-	-	-	-	-	-	-	-400	500	-300	400	-	-	-	-	-33,100	-8,200	0	-100	-	-	-	-	-	-	-	-
Cash provided by (used for) financing activities
1,265,800	-502,100	-371,800	-358,200	-117,500	-353,200	-313,000	-241,500	-265,000	-322,200	-426,500	-169,500	395,500	-44,800	-346,200	-331,800	-145,400	-328,100	-638,800	-269,900	85,900	-357,300	-393,800	-246,800	-73,100	-486,900	-363,500	851,300	-293,500	422,200	-361,700	15,700	-1,469,800	2,976,500	-106,200	-155,600	219,100	-176,700	-121,700	-109,900	-53,900	-105,000	-136,300	-205,200	48,700
Effect of exchange rate changes on cash, cash equivalents and restricted cash
3,600	1,500	11,500	5,600	1,800	-2,600	2,200	10,300	-2,300	-16,800	7,700	-7,300	5,800	-11,600	400	1,400	-500	-1,800	-36,500	-10,500	-1,100	-18,100	-2,900	900	-5,800	1,500	5,100	500	-5,200	2,400	5,700	-22,400	7,000	-12,400	-1,000	8,000	11,700	2,200	500	-6,300	-12,300	5,000	2,000	2,300	-300
Increase (decrease) in cash, cash equivalents and restricted cash
1,475,500	50,500	50,200	6,700	-215,000	90,400	149,400	-121,300	-35,900	2,300	-51,600	48,600	-168,300	199,800	13,200	-101,100	175,700	-92,000	-125,800	72,700	28,300	11,800	10,800	-113,300	-38,900	-55,200	19,200	-449,100	-333,500	833,800	19,100	-49,100	-1,489,600	1,636,300	44,100	11,800	-90,900	73,900	47,100	36,000	11,700	-33,900	24,800	3,200	12,800