FORTUNE BRANDS HOME & SECURITY, INC. FBHS Cash Flow

Fortune brands home & security, inc. (FBHS)

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
Operating activities
Net income
108,800	104,000	105,700	137,100	84,500	85,300	99,900	129,700	74,900	128,000	129,600	137,700	77,400	103,700	123,400	125,100	61,000	88,000	107,800	79,400	40,300	45,400	-20,900	93,600	41,200	64,600	64,600	64,200	37,500	18,600	40,200	47,900	13,000	-70,900	2,500	44,100	-10,300
Non-cash pre-tax expense:
Depreciation
27,200	28,600	26,700	28,200	27,800	29,900	28,600	29,700	25,300	25,900	24,800	24,200	23,700	25,300	22,600	22,400	24,300	27,000	24,900	21,100	20,500	22,000	21,300	20,100	19,500	20,100	19,400	18,300	19,400	19,800	29,100	20,200	21,100	32,100	22,700	21,200	21,100
Amortization of intangibles
10,300	11,400	10,000	10,000	10,000	10,800	8,900	8,200	8,200	8,100	7,500	8,000	8,100	7,700	7,300	6,600	6,500	6,300	6,700	5,100	3,500	3,600	4,300	4,000	4,000	4,100	4,000	2,500	2,600	2,500	2,400	2,800	3,400	3,400	3,500	3,800	3,700
Non-cash lease expense
7,400	9,400	8,600	9,200	8,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
11,100	7,600	8,400	7,400	7,100	4,200	9,000	10,300	12,600	10,300	11,800	11,400	9,500	7,700	7,900	9,000	7,400	7,000	7,000	8,000	5,600	5,800	8,100	8,000	7,800	6,300	6,000	7,300	6,500	6,500	7,000	7,400	6,000	4,800	5,500	2,700	2,700
Recognition of actuarial losses (gains)
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-1,000	0	-900	-	-	-	-	-12,000	-1,100	0	-600	400	-200	-800	-4,600	-	-	-	-	-	-	-	-
Deferred taxes
500	-5,700	-6,800	7,000	-2,000	14,200	-1,500	-700	-9,200	-26,900	2,600	-2,000	7,600	-2,800	2,000	100	-25,100	9,100	-23,900	-6,300	7,500	-5,300	-1,000	-5,100	11,700	-11,800	-5,800	-2,100	7,000	-9,600	-4,000	1,500	8,100	-65,800	9,900	-7,100	600
Asset impairment charges
9,500	12,000	29,500	0	1,700	-	-	-	-	12,100	0	0	3,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing fees
900	1,000	900	700	800	800	500	500	500	500	500	500	500	600	1,000	1,600	400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in losses of affiliate
300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on equity investments
6,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	-100	0	1,000	2,100	0	-1,400	1,800	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of property, plant and equipment
100	-600	0	100	900	700	-100	-1,600	-200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in assets and liabilities:
Increase in accounts receivable
81,300	-17,700	-64,200	55,800	76,800	-61,800	-42,500	31,500	63,000	-35,500	-7,800	30,000	12,300	-14,000	-6,400	39,000	20,500	-50,800	-10,300	66,600	1,400	-37,700	19,400	50,500	7,700	-38,900	16,100	33,000	48,300	-25,300	-1,500	28,500	31,800	-44,800	-28,200	71,900	-25,800
Decrease (increase) in inventories
-9,600	-42,900	20,100	3,900	57,200	4,200	1,800	12,100	36,900	-35,900	13,400	21,100	26,200	-29,800	-34,400	-28,700	40,500	17,100	700	7,500	44,500	-49,000	-15,500	10,600	39,400	9,800	23,400	33,500	23,000	-34,900	4,800	36,500	12,300	-30,500	16,900	11,700	6,500
Decrease in accounts payable
-25,600	19,800	-37,900	39,000	-12,200	14,600	-5,900	15,500	-3,200	27,500	-6,900	14,000	-10,600	28,900	-6,500	3,300	31,900	-21,600	7,000	7,200	-8,600	-5,900	2,400	16,500	-22,500	-1,000	-7,000	30,100	17,700	30,200	-35,600	34,200	-6,700	2,200	-23,400	44,700	-16,800
Increase in other assets
7,400	-7,800	4,500	-1,800	15,600	5,100	1,600	13,200	4,800	300	1,600	20,500	5,900	-22,300	100	28,300	-16,800	13,200	-2,600	-10,100	23,900	9,300	3,300	-12,600	24,400	-6,000	-13,300	-5,300	-7,600	8,700	-7,000	3,200	-10,400	9,500	16,800	6,300	8,100
Decrease in accrued expenses and other liabilities
-92,900	4,100	47,200	46,000	-87,200	2,500	22,700	43,300	-73,300	29,300	22,500	48,700	-95,100	31,900	29,000	42,700	-83,700	33,000	51,900	52,500	-68,800	31,100	26,700	18,700	-149,900	-	46,300	37,400	-103,600	5,300	17,400	35,900	-37,400	-38,200	25,100	29,000	-82,900
Increase in accrued taxes
14,500	-9,800	7,800	-24,900	21,600	7,200	-22,400	7,900	16,800	-39,600	-2,800	15,800	2,200	900	-14,100	-1,000	14,500	-17,900	3,500	19,000	2,100	-43,300	22,400	20,000	700	-5,500	-3,200	14,900	-500	-15,800	6,000	14,700	-17,700	46,400	-8,500	9,700	2,800
Net cash used in operating activities
-13,800	283,400	241,800	201,700	-89,700	260,300	206,400	189,200	-51,900	247,700	181,400	189,100	-17,900	269,900	215,600	171,100	-6,100	151,400	222,400	122,100	-66,700	156,000	140,900	125,900	-156,600	131,600	120,300	118,400	-72,500	163,400	66,900	96,400	-43,900	152,400	32,700	58,200	-67,900
Investing activities
Capital expenditures
26,900	49,400	27,500	27,700	27,200	43,600	39,300	29,600	37,600	69,500	36,000	30,000	29,500	43,200	31,400	30,900	43,800	41,600	32,300	30,000	24,600	45,200	34,700	26,600	21,000	41,500	24,000	16,800	14,400	29,000	17,800	17,000	11,200	27,100	13,800	17,600	10,000
Proceeds from the disposition of assets
1,500	0	100	2,200	1,900	4,800	600	0	700	-	-	-	-	-	-	-	-	0	2,100	100	300	500	100	0	100	100	1,800	100	200	900	10,800	400	1,400	100	200	3,100	100
Cost of investments in equity securities
51,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cost of acquisitions, net of cash acquired
-	-	-	-	-	-400	460,200	0	5,800	105,200	19,300	0	100	-	-	-	-	0	300	646,200	6,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	700	1,400	0	3,600	-	-	-	-
Net cash used in investing activities
-77,000	-49,500	-27,300	-25,500	-25,300	-65,900	-496,100	-29,600	-42,700	-174,500	-55,100	-28,500	-29,600	-50,800	-178,700	-111,800	-43,800	-41,600	-18,300	-676,100	-30,600	-73,500	-30,100	-26,600	-20,900	-41,400	-25,000	-316,100	-14,200	-48,300	-8,400	-16,600	-13,400	-27,000	-19,600	-14,500	-9,900
Financing activities
Decrease in short-term debt
-	0	-350,000	0	-175,000	0	175,000	0	350,000	-	-	-	-	-100	-3,400	400	2,000	-	-	-	-	-3,500	-6,600	400	3,500	400	-200	300	800	400	400	800	300	700	100	300	300
Issuance of long-term debt
380,000	225,000	829,300	145,000	520,000	100,000	1,171,200	375,000	545,000	265,000	170,000	95,000	110,000	185,000	215,000	155,000	510,000	0	0	1,593,900	155,000	222,000	355,000	295,000	185,000	-	-	-	-	0	0	0	70,000	-	-	-	-
Repayment of long-term debt
130,000	390,000	545,000	250,000	160,000	280,000	975,000	120,000	515,000	220,000	100,000	195,000	50,000	340,000	230,000	174,100	60,900	170,000	48,700	966,300	65,000	232,000	270,000	175,000	60,000	-	-	-	-	19,300	17,500	70,000	50,000	-	-	-	-
Proceeds from the exercise of stock options
18,400	10,400	800	3,200	2,900	800	300	600	3,200	2,700	3,700	13,400	8,700	700	10,300	9,600	4,900	6,300	9,500	4,200	8,900	5,800	12,100	2,800	8,200	9,400	12,500	11,900	16,900	23,700	25,800	13,600	41,200	-	-	-	-
Payment to Beam Inc.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	6,000	-	-	-	-
Treasury stock purchases
150,000	0	50,000	32,000	18,000	91,900	0	277,500	325,200	41,100	141,000	5,400	27,300	61,800	0	0	362,700	36,000	15,300	0	400	28,400	156,400	186,300	68,700	9,000	29,600	0	13,500	-	-	-	-	-	-	-	-
Excess tax benefit from the exercise of stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,700	6,600	2,200	14,200	4,800	5,800	3,600	15,000	10,300	3,400	6,300	6,800	6,300	1,800	1,800	2,300	-	-	-	-
Employee withholding taxes related to stock-based compensation
7,600	200	300	500	7,700	400	900	500	12,200	400	900	1,500	7,800	300	800	500	8,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred acquisition payments
-	0	0	17,200	1,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends to stockholders
33,500	30,700	30,600	30,700	31,000	28,100	28,500	29,000	29,600	27,600	27,400	27,700	27,600	24,500	24,700	24,600	24,400	22,400	22,500	22,300	22,300	18,900	19,000	19,600	19,900	-	-	-	-	-	-	-	-	-	-	-	-
Net loan payments to Fortune Brands, Inc.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,800	39,400	-45,100	80,100
Fortune Brands, Inc. payment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	6,000	4,900	5,000
Other financing activities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,200	-	-	-	-	0	-1,100	0	-1,100	-100	-1,500	0	-1,100	0	0	0	-1,100	-2,900	-1,900	300	-500
Net cash provided by financing activities
77,300	-187,800	-148,900	-182,400	129,400	-314,200	342,600	-51,400	16,200	-26,600	-108,300	-121,200	6,000	-240,900	-35,700	-33,000	59,200	-218,000	-70,500	596,900	90,400	-62,700	-80,200	-79,100	62,000	-5,700	-62,100	62,000	9,900	4,500	8,300	-53,800	56,700	-132,400	43,600	-39,600	84,900
Effect of foreign exchange rate changes on cash
-15,000	5,500	-6,100	1,100	3,800	-7,400	-500	-7,100	-200	-700	6,400	2,500	800	-5,300	-1,300	-1,200	5,800	-3,900	-6,500	1,200	-5,600	-3,000	-500	600	-1,700	-100	200	400	-300	300	2,100	600	400	200	-2,200	1,100	100
Net (decrease) increase in cash and cash equivalents
-28,500	51,600	59,500	-5,100	18,200	-127,200	52,400	101,100	-78,600	45,900	24,400	41,900	-40,700	-27,100	-100	25,100	15,100	-112,100	127,100	44,100	-12,500	16,800	30,100	20,800	-117,200	84,400	33,400	-135,300	-77,100	119,900	68,900	26,600	-200	-6,800	54,500	5,200	7,200