Enersys (ENS)
CashFlow / TTM
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jul'18Mar'18Dec'17Oct'17Jun'17Mar'17Jan'17Oct'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09
Cash flows from operating activities
Net earnings

157,185

178,494

163,243

160,627

196,220

121,827

117,531

119,833

99,410

162,284

161,926

158,223

130,415

131,534

128,509

131,824

152,445

163,562

180,344

181,525

167,805

170,864

155,465

146,767

171,664

157,951

159,811

164,958

172,575

170,757

156,035

143,967

128,735

125,635

123,895

113,426

101,164

90,564

76,920

62,304

0

0

0

Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization

86,625

77,099

70,377

63,348

56,508

54,995

54,814

54,317

53,797

53,430

53,376

53,945

54,547

55,282

56,147

55,994

56,831

56,525

56,364

57,040

57,193

57,018

55,656

53,972

51,626

50,752

50,659

50,502

51,117

51,177

50,688

50,360

48,194

46,201

45,339

44,393

44,723

45,629

45,473

44,851

0

0

0

Write-off of assets relating to exit activities and other

31,834

35,204

26,037

26,308

8,024

4,599

4,809

3,736

210

-2,337

717

1,435

0

0

0

-

-

-

-

3,349

6,843

12,044

11,862

11,497

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash write-off of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

6,300

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Derivatives not designated in hedging relationships:
Net losses

-1,983

-1,930

-1,104

-1,856

-315

-454

-586

180

-164

-282

-121

-471

-492

-292

-702

-409

721

314

973

972

0

356

28

-188

899

2,826

2,399

2,496

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash settlements

-2,068

-3,139

-2,125

-1,802

1,142

1,090

1,055

43

-813

-646

-1,186

-1,225

-384

-1,019

-11

648

579

1,257

928

654

178

-288

-462

-703

694

268

-329

-851

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Provision for doubtful accounts

3,458

4,498

2,236

1,385

896

190

531

822

617

639

1,418

1,794

3,532

4,299

5,174

4,749

3,685

2,927

1,371

1,125

1,238

862

1,374

907

144

1,730

912

998

1,205

-476

666

1,395

971

2,745

1,963

1,513

2,007

965

2,080

2,712

0

0

0

Deferred income taxes

-27,182

-28,256

-6,224

-6,456

-13,307

-19,041

-20,265

-20,313

-5,090

-270

1,416

1,455

1,812

3,845

3,395

-753

6,687

6,298

27,476

31,886

-2,855

-27,622

-49,843

-49,748

-22,134

2,719

2,533

1,673

-4,535

-4,171

-3,980

-3,227

-2,461

-2,577

-2,948

-3,064

5,956

6,427

7,088

6,975

0

0

0

Non-cash interest expense

1,523

1,441

1,381

1,316

1,267

1,255

1,569

1,603

1,636

1,669

1,388

1,388

1,388

1,384

1,378

2,794

4,915

6,995

9,047

9,546

9,310

9,077

8,853

8,826

8,574

8,586

8,588

8,492

8,515

8,503

8,244

7,983

7,906

7,611

7,794

7,776

7,684

7,595

7,276

7,163

0

0

0

Stock-based compensation

22,780

22,347

22,141

22,608

19,267

19,059

18,564

19,453

19,402

18,851

19,348

19,185

19,276

19,122

20,431

19,603

18,803

18,538

24,402

25,259

25,895

26,209

18,815

16,742

15,963

15,131

14,387

14,737

13,781

13,049

12,240

11,585

11,126

10,454

9,664

9,056

8,284

7,559

7,468

6,964

0

0

0

Gain on disposal of property, plant, and equipment

213

300

232

258

110

-47

-108

-116

-72

-32

-55

7

-4,224

-4,187

-4,175

114

0

0

0

-

-

-

-

-

259

66

50

-170

-339

-146

592

432

0

0

0

-

-

-

-

-

0

0

0

Changes in assets and liabilities, net of effects of acquisitions:
Gain on disposal of fixed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Accounts receivable

-42,893

-34,293

-4,787

-5,974

23,369

36,210

25,067

32,242

23,391

32,300

46,464

13,535

-16

-11,420

-38,734

-31,142

-17,163

-45,078

-4,940

13,250

30

72,055

45,483

70,134

41,975

-1,446

-6,867

-5,421

-1,291

-20,523

16,718

-7,106

19,529

57,908

79,816

61,892

48,555

61,988

25,575

7,303

0

0

0

Inventories

35,062

36,610

45,206

46,614

30,126

8,677

40,140

38,075

31,293

52,676

38,956

42,792

38,516

24,739

4,530

-11,667

-36,192

-25,352

-8,351

10,153

49,680

36,264

29,359

-8,144

-22,875

-17,260

-12,349

921

14,774

12,261

4,097

19,655

39,515

46,502

50,594

67,250

56,462

61,000

61,523

23,445

0

0

0

Prepaid and other current assets

14,665

34,171

27,716

20,195

-3,204

-15,617

-19,118

-14,470

-14,025

-9,330

-2,450

-3,721

8,440

9,581

285

-4,751

11,495

11,750

18,320

18,998

-2,194

12,893

4,953

7,669

25,727

13,212

20,142

15,754

-8,669

-18,550

-14,642

-8,834

15,009

20,483

8,983

15,658

2,628

1,124

7,402

1,075

0

0

0

Other assets

2,665

1,543

5,436

7,611

1,268

1,749

984

1,150

-35

-71

-1,024

-2,034

-1,727

-2,057

-530

331

332

1,657

1,276

-701

1,610

1,042

-123

1,347

-2,358

-2,293

-4,843

-3,293

75

64

3,550

955

-1

464

831

2,552

4,921

3,453

2,726

1,218

0

0

0

Accounts payable

-34,292

-12,925

12,724

9,944

31,236

20,218

15,041

21,266

4,927

20,820

1,924

845

-1,279

-8,462

-7,756

12,178

-18,688

-33,075

-12,757

-26,500

2,313

13,109

-7,199

-14,979

-2,537

1,962

11,821

5,370

-22,581

-17,983

-13,827

-12,377

18,721

27,544

46,565

42,422

27,707

38,633

29,999

59,116

0

0

0

Accrued expenses

-26,538

-2,889

-7,736

-4,937

18,177

-14,872

-24,919

-26,614

-35,008

-43,658

-552

9,333

6,619

7,244

-2,306

-4,739

3,898

12,404

-52,392

-64,147

13,574

22,193

78,761

90,339

21,588

5,791

3,720

2,997

1,680

17,129

11,587

13,505

10,158

-5,319

2,001

-3,822

-5,220

-493

-6,608

-5,816

0

0

0

Other liabilities

-6,123

-25,122

-14,596

-14,896

-18,776

92,341

94,052

93,963

89,784

4,352

4,346

5,719

6,085

4,288

6,563

2,844

2,330

4,404

3,126

11,685

13,227

55

-2,922

-9,260

-9,532

3,333

-2,682

2,122

4,578

-4,987

3,352

-1,213

1,449

7,701

9,789

9,803

-8,562

-3,913

-8,069

-10,795

0

0

0

Net cash provided by operating activities

207,263

218,885

202,663

197,855

247,570

249,623

215,005

211,048

209,225

177,614

200,092

246,030

241,563

246,824

292,798

307,571

294,273

318,526

234,980

194,471

227,484

153,009

201,050

193,621

207,953

256,807

254,577

244,400

219,707

255,744

211,409

204,196

151,533

96,608

106,198

76,459

71,361

62,289

61,104

136,602

0

0

0

Cash flows from investing activities
Capital expenditures

78,636

78,250

72,148

70,372

79,418

78,693

72,269

69,832

57,150

55,998

55,687

50,072

46,193

43,074

43,697

55,880

62,136

69,631

68,534

63,625

60,323

64,772

63,928

61,995

66,518

53,348

52,054

55,286

51,535

51,464

53,329

48,943

53,770

59,841

60,743

59,940

55,648

49,564

46,020

45,111

0

0

0

Purchase of businesses

-

-

-

-

-

-

-

2,988

2,964

2,964

2,964

12,392

8,752

8,752

48,774

35,439

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

32,200

11,923

30,577

34,437

33,242

0

0

0

Proceeds from disposal of property, plant, and equipment

3,272

3,559

1,135

1,103

617

410

411

463

458

679

613

631

0

0

0

-

-

-

-

-

-

-

-

1,518

1,454

1,368

1,308

194

95

94

46

76

213

497

523

479

337

-19

-85

1,109

0

0

0

Net cash used in investing activities

-256,123

-729,305

-725,627

-723,883

-728,825

-78,307

-71,882

-72,357

-59,656

-58,283

-58,038

-61,833

-54,026

-51,195

-89,355

-80,923

-89,338

-96,845

-56,254

-59,616

-83,333

-233,086

-235,032

-232,005

-211,260

-52,836

-50,746

-55,092

-53,947

-73,813

-76,836

-72,420

-105,406

-91,159

-91,225

-91,661

-67,234

-80,160

-80,542

-77,244

0

0

0

Cash flows from financing activities
Net repayments on short-term debt

33,356

20,259

14,972

37,424

-11,974

2,735

-3,562

214

-19,615

-9,299

11,628

-4,600

12,337

-2,230

-4,582

4,233

11,436

1,398

-8,749

-11,923

-21,630

481

5,078

8,458

6,518

2,476

11,052

7,435

7,015

-11,311

-13,939

-462

8,144

19,222

12,415

3,084

633

-404

-3,121

-7,436

0

0

0

Repayments of 2017 Term Loan

0

0

0

-

0

0

0

-

131,250

135,000

15,000

15,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

212,238

36,727

38,981

31,657

25,243

0

0

0

Option proceeds

509

809

2,289

9,048

9,244

8,571

7,180

958

756

649

573

3

-130

-54

-46

4

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,894

0

0

0

-

-

-

-

Payment of taxes related to net share settlement of equity awards

6,527

6,496

6,258

3,630

3,396

3,466

3,575

7,489

7,256

7,210

7,170

7,447

7,529

7,505

38,199

15,209

40,680

40,688

9,994

12,676

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Net effect from exercising of stock options and vesting of equity awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Excess tax benefits from exercise of stock options and vesting of equity awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,291

4,905

4,486

6,921

4,071

339

33

-2,402

1,612

1,000

1,000

3,806

1,351

3,528

3,638

1,010

1,772

2,026

5,901

5,926

6,082

8,257

4,418

4,954

2,287

0

0

0

Purchase of treasury stock

65,997

90,997

79,465

56,436

25,000

0

100,000

121,191

121,191

121,191

21,191

0

57,607

57,607

177,607

178,244

149,971

205,061

160,412

205,362

196,327

157,212

93,461

69,867

49,568

56,186

44,586

22,593

22,593

8,495

48,630

58,383

0

0

0

-

-

-

0

-

-

-

-

Dividends paid to stockholders

29,762

29,894

29,871

29,743

29,615

29,454

29,450

29,674

29,939

30,167

30,395

30,400

30,358

30,527

30,695

30,880

31,040

31,136

31,328

31,739

29,893

27,935

25,912

23,681

17,809

11,902

5,965

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of Convertible Notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

172,266

172,266

172,297

126

234

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,031

4,986

4,971

5,876

1,076

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

925

499

287

368

19

1

42

-29

-40

-46

-86

-98

-98

-134

-302

-127

-183

-171

-67

-260

-310

-377

-368

-404

-382

-237

-246

-358

-308

-424

-467

-1,375

-1,393

-1,497

-1,551

-111

1,150

1,245

1,325

878

0

0

0

Net cash provided by financing activities

-71,203

408,581

286,355

346,577

335,848

-151,813

-175,792

-166,888

-90,462

-39,741

-21,641

-62,542

-50,764

-75,401

-228,559

-105,729

-114,198

-110,038

71,346

-59,313

-51,543

60,261

22,073

21,562

-15,240

-148,188

-146,277

-95,962

-60,140

-63,658

-61,608

-79,382

-134,187

-83,706

-82,570

-82,677

-6,601

-25,356

-19,671

-24,472

0

0

0

Effect of exchange rate changes on cash and cash equivalents

-

0

-13,741

-

-

-14,433

2,093

49,986

45,066

20,237

9,067

-18,633

-15,741

-507

-6,104

7,467

-24,603

-30,978

-40,191

-46,724

-24,266

-12,974

6,749

7,577

1,542

4,565

1,793

-4,488

3,259

-1,525

-8,831

-773

2,033

823

10,360

5,706

-2,703

-2,733

-4,739

2,995

0

0

0

Net increase in cash and cash equivalents

-

0

-250,350

-

-

5,070

-30,576

21,789

104,173

99,827

129,480

103,022

121,032

119,721

-31,220

128,386

66,134

80,665

209,881

28,818

68,342

-32,790

-5,160

-9,245

-17,005

60,348

59,347

88,858

108,879

116,748

64,134

51,621

-86,027

-77,434

-57,237

-92,173

-5,177

-45,960

-43,848

37,881

0

0

0

Supplemental disclosures:
Amended Credit Facility, due 2022
Proceeds from borrowings

403,300

731,600

562,100

531,100

0

0

0

-

-

-

-

0

0

0

430,100

-

335,000

396,700

301,100

372,700

376,500

497,900

333,500

251,900

228,700

72,800

123,400

246,050

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of 2017 Revolver borrowings

679,300

497,600

458,100

427,600

0

0

0

-

-

-

-

0

0

0

255,100

-

328,000

321,700

464,700

322,700

316,300

377,900

169,900

126,900

160,600

142,650

218,300

325,450

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Amended 2017 Term Loan
Proceeds from Amended 2017 Term Loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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