Flowers foods, inc (FLO)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Jan'16Jan'15Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
CASH FLOWS PROVIDED BY (DISBURSED FOR) OPERATING ACTIVITIES:
Net (loss) income

164,538

157,160

150,120

163,776

189,191

175,739

230,894

136,121

123,428

137,047

133,712

122,307

Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Restructuring and related impairment charges

21,062

5,593

69,601

-

-

-

-

-

-

-

-

-

Impairment of assets

-

-5,999

-

-24,877

-3,771

-10,308

-

-

-

-

-

3,108

Stock-based compensation

7,430

8,148

16,093

18,761

15,692

18,662

15,943

10,116

13,638

13,678

11,855

10,594

Loss (gain) reclassified from accumulated other comprehensive income to net income

3,707

-1,301

-2,080

-5,307

-8,551

-5,218

-27,055

-17,272

38,038

8,475

-63,026

49

Gain on divestiture

-

-

28,875

-

-

-

-

-

-

-

-

-

Gain on sale of assets

-

-

-

-

-

-

-

-

-

-

-

2,306

Gain on acquisition

-

-

-

-

-

-

50,071

-

-

-

3,013

-

Depreciation and amortization

144,228

144,124

146,719

140,869

132,175

128,961

118,491

102,690

94,638

85,118

80,928

73,312

Deferred income taxes

18,609

21,657

-61,306

-14,457

18,293

9,241

6,485

11,450

-1,700

3,888

3,307

2,814

Provision for inventory obsolescence

337

740

1,684

1,324

776

1,074

1,210

947

765

1,047

498

1,121

Allowances for accounts receivable

11,034

6,963

4,215

3,365

2,395

4,956

4,110

1,991

414

547

2,077

640

Pension and postretirement plans cost

3,234

8,474

-897

2,238

-5,878

5,341

-2,041

1,570

222

1,842

5,112

-5,772

Other

-1,579

4,839

6,203

106

-5,709

6,215

5,701

1,182

162

285

-39

-2,472

Qualified pension plan contributions

2,500

40,700

1,605

1,000

10,000

12,999

14,818

18,143

12,230

909

450

-

Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable, net

7,809

8,278

11,762

7,888

16,873

-7,181

-1,114

64,182

283

-11,482

476

22,340

Inventories, net

4,774

8,424

7,801

1,526

9,717

-6,977

10,708

13,366

6,457

936

3,525

4,242

Hedging activities, net

-10,289

-2,725

15,727

-13,592

12,818

-22

39,325

1,850

25,874

-39,134

20,033

-

Other assets

-

-

-

3,441

4,660

11,337

22,151

-1,431

749

8,838

-26,875

52,058

Accounts payable

-14,155

60,863

10,840

-519

14,563

-9,951

-702

28,529

-5,187

7,879

-26,111

-

Other assets and accrued liabilities

-17,557

65,613

-30,213

11,390

4,504

-17,995

10,699

3,486

-8,135

6,881

-37,812

-

Accounts payable and other accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-29,883

NET CASH PROVIDED BY OPERATING ACTIVITIES

366,952

295,893

297,389

356,562

335,674

315,183

270,484

216,880

134,290

306,050

236,009

94,872

CASH FLOWS PROVIDED BY (DISBURSED FOR) INVESTING ACTIVITIES:
Purchases of property, plant and equipment

103,685

99,422

75,232

101,727

90,773

83,778

99,181

67,259

79,162

98,404

72,093

86,861

Acquisition of businesses, net of cash acquired

-

200,174

-

-

390,221

-

415,813

318,476

164,485

-

24,565

170,077

Proceeds from sale of mix plant

-

-

41,230

-

-

-

-

-

-

-

-

-

Contingently refundable consideration

-

-

-

-

-

7,500

-

-

-

-

-

-

Contingent acquisition consideration payments

-

-

-

-

-

-

-

-

5,000

-

-

-

Proceeds from sale of new distribution territories

-

-

-

-

-

-

13,965

-

-

-

-

-

Deconsolidation of variable interest entity (Note 12)

-

-

-

-

-

-

-

-

-

8,804

-

-

Proceeds from sale of property, plant and equipment

2,649

1,913

3,935

17,667

14,324

36,303

2,966

1,301

12,104

1,075

6,919

4,899

Repurchase of independent distributor territories

2,705

3,128

6,460

8,871

14,338

16,198

26,418

17,849

14,581

10,843

12,436

-

Cash paid at issuance of notes receivable

22,644

28,454

25,566

8,577

7,962

-

-

-

-

-

-

18,633

Principal payments from notes receivable

29,173

26,883

24,875

22,272

23,023

21,103

21,596

16,498

12,629

12,514

12,126

11,354

Acquisition of intangible assets

-

-

-

-

5,000

-

-

-

-

-

-

-

Other investing activities

-119

-577

-1,823

-2,522

-1,132

-544

-

-348

-556

-165

-440

-62

NET CASH DISBURSED FOR INVESTING ACTIVITIES

-97,093

-301,805

-35,395

-76,714

-469,815

-34,526

-502,885

-385,437

-237,939

-104,297

-89,609

-259,256

CASH FLOWS PROVIDED BY (DISBURSED FOR) FINANCING ACTIVITIES:
Dividends paid, including dividends on share-based payment awards

159,987

150,214

140,982

131,073

120,442

102,302

92,840

86,489

79,081

70,882

62,170

53,222

Exercise of stock options

-

791

19,313

27,631

19,617

21,014

13,685

13,881

12,933

7,884

2,614

2,679

Excess windfall tax benefit related to share-based payment awards

-

-

-

-

-

7,879

7,781

2,318

3,073

977

1,386

1,976

Payments for debt issuance costs

110

100

729

4,380

646

773

2,456

3,882

-

-

-

-

Stock repurchases

7,054

2,489

2,671

126,300

6,858

38,916

8,819

18,726

26,598

39,184

40,531

44,072

Change in bank overdrafts

3,217

4,851

-14,206

1,914

2,325

-679

-499

6,684

521

-1,432

-7,735

6,702

Proceeds from debt borrowings

609,250

200,900

611,900

2,090,492

1,064,600

1,175,200

2,169,950

1,482,481

1,071,100

418,500

848,326

645,250

Debt obligation payments

723,500

27,650

735,900

2,146,100

817,600

1,343,087

1,859,094

1,221,660

875,083

529,809

888,637

392,614

Payments for financing fees

-

-

-

-

-

-

-

558

2,108

-

-

788

Payments on financing leases

5,937

-

-

-

-

-

-

-

-

-

-

-

Other financing activities

-

-

-

-

-

-

-52

-

-80

-

-669

-1,541

NET CASH PROVIDED BY (DISBURSED FOR) FINANCING ACTIVITIES

-284,121

26,089

-263,275

-287,816

140,996

-281,664

227,656

174,049

104,677

-213,946

-147,416

164,370

Net increase (decrease) in cash and cash equivalents

-14,262

20,177

-1,281

-7,968

6,855

-1,007

-4,745

5,492

1,028

-12,193

-1,016

-14

Schedule of non-cash investing and financing activities:
Capital lease obligations

-

1,977

3,337

15,622

2,298

12,399

8,971

4,867

1,404

13,332

4,362

1,804

Right-of-use assets obtained in exchange for new financing lease liabilities

9,854

-

-

-

-

-

-

-

-

-

-

-

Right-of-use assets obtained in exchange for new operating lease liabilities

44,585

-

-

-

-

-

-

-

-

-

-

-

Distributor routes sold with deferred gains, net

241

8,770

9,707

5,213

166

11,443

-

-

-

-

-

-

Deconsolidation of VIE capital leases

-

-

-

-

-

-

-

-

-

26,389

-

-

Increase in property, plant and equipment from financing

-

-

-

4,855

-

-

-

-

-

-

-

-

Purchase of property, plant and equipment included in accounts payable

5,983

901

2,991

5,203

3,637

1,094

435

3,310

-

-

-

-

Cash paid during the period for:
Interest

36,430

32,747

34,196

26,897

24,112

26,065

25,996

16,106

9,588

7,470

11,275

6,029

Income taxes paid, net of refunds of $460, $40 and $236, respectively

39,121

13,697

71,996

84,108

80,062

78,587

83,525

56,377

70,122

72,554

75,310

65,255

Executive Deferred Compensation Plan
Issuance of executive deferred compensation plan common stock

6

124

38

114

206

264

-

-

219

15

95

-

Distributor Notes Receivable
Issuance of notes receivable on new distribution territories, net

50,532

45,528

60,594

23,352

15,739

41,731

-

-

-

-

-107

-

Alpine Valley Bread Company
Shares issued for the Alpine acquisition

-

-

-

-

12,602

-

-

-

-

-

-

-