Essendant inc (ESND)
CashFlow / Quarterly
Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'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'10
Cash Flows From Operating Activities:
Net loss

-4,495

-97

-51,440

-1,547

-81,936

5,095

-188,593

-2,353

36,742

12,933

16,530

-95,834

27,665

29,834

-6,007

22,070

34,857

33,331

21,857

33,008

40,501

34,670

13,874

32,925

36,764

27,029

15,112

27,934

35,779

24,836

20,447

31,060

36,470

27,002

18,225

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

10,023

10,591

10,798

-70

11,033

10,569

10,965

-910

11,263

11,205

11,731

-2,812

12,146

11,975

12,223

2,682

10,269

9,907

9,523

2,917

9,855

9,906

9,475

3,778

8,878

8,731

8,607

3,105

8,364

8,618

8,840

4,022

9,206

9,183

9,258

Share-based compensation

2,171

2,411

2,030

1,180

2,077

1,570

2,468

3,299

1,214

2,778

2,911

1,448

3,179

628

2,640

2,260

1,641

1,069

3,225

3,282

1,988

3,118

2,420

3,503

2,078

1,239

1,926

2,662

2,658

6,707

3,707

3,645

3,644

3,545

3,266

Gain on the disposition of property, plant and equipment

206

537

234

291

250

337

319

-62

20,288

572

167

-397

-1,505

-72

15

-1,058

-1

-100

4

-51

-111

233

-14

-62

-11

-98

49

-31

-39

11

0

-68

-45

-19

15

Impairment of equity investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,635

-

-

-

-

Amortization of capitalized financing costs

388

347

366

368

261

367

437

179

170

166

166

216

208

179

272

202

197

173

287

334

241

222

224

246

251

257

241

246

331

203

194

184

185

184

182

Excess tax benefits related to share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

528

144

494

754

1,678

68

1,477

237

252

-305

464

3,461

806

496

2,095

1,871

126

61

3,419

Asset impairment charge

-

-

-

-

-

-

-

-

-

-

-

120,710

10,859

424

23,610

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-1,988

-4,259

-5,093

6,987

-15,617

-4,550

4,280

-3,654

-4,205

-884

-1,881

-7,877

-6,991

-6,825

-1,469

-1,745

-3,817

-2,867

-2,450

3,460

-1,019

-5,116

-2,079

-2,578

-661

-1,530

-1,944

16,527

5,335

381

-1,329

7,103

8,640

-1,241

-1,586

Change in contingent consideration

0

0

-700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax cost (benefit) related to share-based compensation

-

-

-

-

-

-

-

-74

-767

-60

-133

77

-31

171

262

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of goodwill

-

-

-

0

86,338

0

198,828

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Increase in accounts receivable, net

27,795

-1,381

22,766

-69,915

25,045

-15,978

1,544

-73,956

7,018

3,620

24,819

-21,302

59,618

-2,113

-26,217

-88,011

86,890

2,067

15,583

-51,590

32,819

30,303

-26,267

-31,162

13,767

13,215

-17,640

-39,976

30,565

21,325

19,772

-27,069

12,326

36,666

-35,851

Decrease in inventory

9,660

38,872

-117,257

68,119

-47,113

-26,226

-50,531

26,587

-117,752

72,035

-28,018

66,821

-5,410

-2,921

-46,023

70,698

-12,684

42,424

-81,714

105,613

-9,332

9,224

-40,828

88,231

-49,681

21,035

-69,959

126,123

-15,295

-4,274

-48,178

66,461

-21,934

29,402

18,126

Increase in other assets

-12,045

-8,364

30,472

947

486

-8,737

9,915

-22,590

-1,308

11,755

24,774

-3,407

-1,530

-501

10,751

12,898

-12,765

1,724

1,041

5,836

-615

-4,996

3,999

-3,283

-2,367

226

-15,681

21,535

-7,673

4,114

680

557

7,486

-5,305

-145

Increase in accounts payable

20,682

56,168

-30,979

-44,228

36,573

20,895

3,238

-56,164

-34,527

54,152

-10,723

-9,083

47,260

2,507

645

-65,388

2,702

69,152

-47,191

-15,957

11,559

41,168

-77,404

63,144

-14,702

31,342

-63,520

77,060

-59,346

21,821

49,660

-51,138

-17,762

9,080

95,204

Decrease in checks in-transit

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,627

-13,613

-

25,866

3,206

-31,751

22,183

-16,929

1,893

14,201

-22,915

11,231

-18,566

-1,758

11,429

26,202

-762

-48,672

47,829

-1,135

873

-52,745

Increase in accrued liabilities

21,162

9,413

-45

1,885

21,952

-3,775

-15,828

3,875

25,878

-14,216

1,997

-5,423

3,218

20,816

-17,534

-1,607

3,989

12,548

-13,654

3,921

13,188

6,547

-27,304

-3,697

18,256

5,144

-19,427

4,118

15,331

-1,147

-19,530

-6,318

18,429

-3,931

-3,630

Decrease in other liabilities

935

192

-10,147

4,612

1,626

-7,989

-1,523

-1,978

-7,523

4,881

-9,943

4,379

-2,864

-1,221

743

32

1,041

-2,861

-2,948

-5,458

-754

1,041

-8,407

7,582

7,236

864

-14,108

-6,221

-77

-6,750

458

660

-69

-12,129

337

Net cash provided by operating activities

23,261

45,103

-21,425

-19,450

79,182

72,786

53,025

24,974

121,952

-5,163

-10,821

-20,925

62,811

58,126

62,722

-16,533

14,777

77,399

1,490

-4,704

34,191

58,617

-13,367

34,110

107,371

20,437

27,896

30,874

26,213

32,235

41,041

466

59,649

-28,239

82,947

Cash Flows From Investing Activities:
Capital expenditures

8,388

8,188

7,838

14,070

10,832

5,365

8,312

9,542

8,840

9,450

9,877

10,192

6,202

6,441

5,490

9,563

5,096

3,945

6,390

10,967

5,778

7,948

9,096

12,465

9,980

5,863

4,479

7,195

4,563

6,404

9,819

9,309

7,283

5,026

5,658

Proceeds from the disposition of property, plant and equipment

214

250

46

-

-

-

-

50

31,120

2,489

281

-31

166

0

18

1,895

3

411

458

-6

0

3,436

86

580

92

19

84

1

2

60

0

-

-

-

-

Acquisitions, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

5,000

10,527

Net cash used in investing activities

-11,234

-26,938

-7,792

-13,992

-10,786

-5,365

-8,312

-9,492

22,280

-6,961

-9,596

-10,121

-45,363

-6,973

-5,472

-142,349

-5,657

-29,695

-5,932

-10,973

-5,778

-4,512

-9,010

-87,139

-9,888

-5,844

-4,395

-7,194

-4,561

-6,344

-9,819

-9,309

-7,263

-9,988

-16,185

Cash Flows From Financing Activities:
Net borrowing under revolving credit facility

5,247

10,555

-39,422

-39,994

50,497

58,737

-90,112

11,412

140,516

-6,488

-37,388

-49,886

-7,429

23,108

29,630

-168,005

-2,395

19,051

-4,562

-35,513

11,000

18,863

37,028

81,912

72,105

-14,991

-15,393

-

-

-

0

-

-

-

-

Borrowings under Term Loan

-

-

-

0

0

0

77,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments under Term Loan

1,518

1,518

1,518

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration

0

0

967

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net repayments under Securitization Program

-

-

-

0

0

0

200,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Borrowings under Receivables Securitization Program

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

9,300

-9,300

0

300

49,700

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

135,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the issuance of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

150,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net disbursements from share-based compensation arrangements

-599

-70

-168

-47

-673

-290

-310

-67

-664

946

339

737

-748

116

-875

279

-1,354

-84

-1,704

1,752

3,777

3,526

10,840

2,026

-579

359

-942

-2,222

-2,281

4,152

9,615

13,551

-1,042

10,862

15,079

Acquisition of treasury stock, at cost

-

-

-

-

-

-

-

0

0

0

6,839

12,378

24,450

15,199

16,028

6,945

11,885

18,661

12,491

15,072

7,174

32,686

7,124

2,401

13,196

20,736

33,575

25,005

67,803

45,255

24,611

23,828

14,680

62,955

11,720

Payment of cash dividends

5,230

5,216

5,209

5,208

5,179

5,172

5,167

5,132

5,118

5,077

5,160

5,209

5,277

5,303

5,396

5,382

5,416

5,482

5,509

5,545

5,544

5,649

5,571

5,184

5,253

5,412

5,436

5,562

5,922

6,033

0

-

-

-

-

Excess tax (cost) benefits related to share-based compensation

-

-

-

-

-

-

-

-74

-767

-60

-133

77

-31

171

262

48

528

144

494

754

1,678

68

1,477

237

252

-305

464

3,461

806

496

2,095

1,871

126

61

3,419

Payment of debt issuance costs

-

-

-

13

40

599

5,678

-

-

-

-

0

0

0

36

200

8

10

605

209

1,270

65

345

-

-

-

-

-

-

-

-

-

-

-

-

Payment of debt fees and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,616

0

111

-

-

-

-

Net cash provided by (used in) financing activities

-12,594

-17,359

31,560

33,208

-63,450

-66,316

-43,443

-16,705

-147,151

2,297

25,595

33,113

-23,077

-43,323

-51,703

155,805

-15,740

-43,144

9,047

7,893

-19,533

-53,369

11,949

62,761

-90,898

-11,224

-24,096

-22,384

-29,893

-46,640

-13,012

-8,406

-27,256

-40,471

6,778

Effect of exchange rate changes on cash and cash equivalents

-

-

-178

-

-

-

36

-95

-134

97

269

-131

-378

1,623

-1,758

-949

-37

-29

33

-33

146

-141

31

40

3

-8

10

-2

-42

0

10

-2

29

-26

22

Transfer of cash to held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

3,149

970

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash and cash equivalents

-

-

2,165

-

-

-

1,306

-1,318

-3,053

-9,730

5,447

1,936

-1,888

6,304

2,819

-4,026

-6,657

4,531

4,638

-7,817

9,026

595

-10,397

9,772

6,588

3,361

-585

1,294

-8,283

-20,749

18,220

-17,251

25,159

-78,724

73,562

Other Cash Flow Information:
Interest

-

-

-

-

-

-

-

-

7,857

4,458

7,292

-

6,581

3,238

6,213

2,984

5,217

2,197

2,424

-

2,691

2,672

4,443

-

4,018

7,257

6,887

-

6,650

6,498

6,445

-

6,286

6,488

6,349

Income tax payments, net

438

651

192

1,177

4,107

7,503

11,555

4,330

463

26,331

1,027

22,626

22,086

28,435

3,183

20,338

30,631

23,000

2,236

-

23,460

27,039

9,843

-

15,964

22,940

-9,334

-

4,133

29,147

1,012

-

14,769

27,263

4,148

Interest paid

8,956

6,067

8,470

4,548

7,378

4,151

7,658

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-