Flowers foods, inc (FLO)
CashFlow / Quarterly
Apr'20Dec'19Oct'19Jul'19Apr'19Dec'18Sep'18Jun'18Apr'18Dec'17Sep'17Jun'17Apr'17Dec'16Sep'16Jul'16Apr'16Jan'16Sep'15Jul'15Apr'15Jan'15Sep'14Jul'14Apr'14Dec'13Sep'13Jul'13Apr'13Dec'12Sep'12Jun'12Apr'12Dec'11Sep'11Jul'11Apr'11Dec'10Sep'10Jul'10Apr'10
CASH FLOWS PROVIDED BY (DISBURSED FOR) OPERATING ACTIVITIES:
Net (loss) income

-5,772

2,219

43,358

53,095

65,866

20,841

39,630

45,442

51,247

78,533

-33,571

44,740

60,418

13,042

40,216

51,155

59,363

-

43,796

51,760

61,389

-

44,599

42,064

61,066

38,520

32,639

47,709

112,026

38,567

31,231

28,380

37,943

23,038

31,019

28,210

41,161

31,438

31,166

33,756

40,687

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

-

15,399

3,882

1,251

530

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of assets

-

-

-

-

-

-3,516

0

17

-2,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

3,894

1,596

1,523

1,132

3,179

1,256

1,442

2,075

3,375

4,385

3,018

2,715

5,975

3,756

3,699

3,527

7,779

-

2,483

3,519

7,289

-

3,712

4,991

5,483

3,245

3,008

3,615

6,075

3,104

2,118

1,830

3,064

1,522

-

3,458

5,929

-

-

2,729

4,753

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

-503

-235

-313

1,298

2,957

-490

-323

-135

-353

-295

-571

-487

-727

-1,133

-1,144

-1,248

-1,782

-2,346

-1,724

-1,977

-2,504

-1,560

1,920

-661

-4,917

-5,433

-9,582

-10,945

-1,095

7,700

-3,738

-5,874

-15,360

-2,316

4,236

13,199

22,919

31,064

-3,296

-7,768

-11,525

Gain on divestiture

-

-

-

-

-

-

-

-

-

0

0

0

28,875

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-1,249

1,249

50,071

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

44,663

32,884

33,196

33,329

44,819

32,175

32,662

35,098

44,189

32,431

32,972

34,128

47,188

32,274

32,530

32,598

43,467

-

29,419

30,468

39,817

-

29,487

29,907

39,292

28,722

29,837

25,743

34,189

25,939

24,757

22,255

29,739

22,932

22,816

20,898

27,992

19,682

19,778

20,021

25,637

Deferred income taxes

-29,605

10,039

1,049

3,907

3,614

518

-1,313

17,320

5,132

-42,830

-21,804

1,283

2,045

-13,363

2,434

-1,141

-2,387

-

4,683

2,458

3,888

-

-669

4,479

4,434

11,118

-38

-1,455

-3,140

8,295

2,145

437

573

5,066

-

-2,451

-3,268

-

-

-1,047

-476

Provision for inventory obsolescence

353

283

-362

-448

864

-93

-353

-887

2,073

149

1,098

-1,502

1,939

387

262

226

449

-

161

301

377

-

272

98

656

40

319

453

398

143

206

185

413

-228

-

352

410

-

-

231

358

Allowances for accounts receivable

6,340

2,215

2,265

3,497

3,057

2,995

1,660

1,332

976

1,193

1,241

1,086

695

201

753

626

1,785

-

287

1,572

481

-

621

1,565

1,020

118

730

1,264

1,998

-4

1,168

167

660

-411

-

287

270

-

-

268

564

Pension and postretirement plans cost

116,702

747

746

747

994

2,102

1,043

1,020

4,309

-18

1,942

-1,209

-1,612

-490

1,121

3,501

-1,894

-

-1,402

-1,404

-1,871

-

-2,319

-2,319

-3,092

-471

-471

-471

-628

362

363

362

483

-446

-

81

194

-

-

393

599

Other

-801

-390

163

-675

-677

196

1,046

2,891

706

2,595

712

1,034

1,862

-316

-1,182

-1,132

2,736

-

657

1,030

226

-

2,669

692

761

510

3,883

-170

1,478

-270

397

555

500

75

-97

-460

644

196

-226

376

-61

Qualified pension plan contributions

1,425

-

-

-

-

0

700

30,000

10,000

-

-

-

-

-

-

-

-

-

2,500

5,000

2,500

-

7,970

0

5,029

2,058

10,217

2,059

484

0

2,000

4,088

12,055

8,771

-

2,742

580

-

-

137

187

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

61,630

-11,710

-10,062

5,749

23,832

-12,019

-7,458

15,683

12,072

-14,695

7,185

4,738

14,534

-9,266

-8,936

9,944

16,146

-

-6,880

3,904

22,686

-

-10,174

-5,754

22,801

-12,947

-446

-490

12,769

33,664

12,246

2,453

15,819

-8,093

-4,170

1,949

10,597

-11,361

-7,120

4,531

2,468

Inventories, net

9,238

-3,050

6,920

-1,651

2,555

-423

3,222

3,300

2,325

560

4,523

1,317

1,401

-2,351

2,023

-3,012

4,866

-

3,872

488

6,101

-

-21

1,424

-3,374

-2,549

7,364

1,569

4,324

3,096

4,986

-754

6,038

-594

-

1,958

6,439

-

-

-1,346

3,350

Hedging activities, net

7,933

-16,972

8,633

-15,039

13,089

5,214

-10,305

18,367

-16,001

913

16,030

-10,273

9,057

-6,353

-6,199

10,606

-11,646

-

8,850

-6,668

6,205

-

15,820

24,139

-23,673

12,649

-1,193

8,660

19,209

7,477

335

-12,445

6,483

-

-

24,465

-10,876

-

-

-

-

Other assets

-

-

-

-

-

-

-

-

-

-

17,503

-1,401

-1,707

2,629

4,024

1,031

-4,243

-

5,747

1,566

-4,936

-

860

20,161

-8,933

12,701

13,640

639

-4,829

8,912

-887

4,900

-14,356

-3,040

-

3,514

-7,391

-

-

7,666

-3,557

Accounts payable

27,322

-18,963

-3,759

13,460

-4,893

53

414

31,856

28,540

-2,940

9,277

-10,495

14,998

-9,597

1,166

-3,250

11,162

-

1,151

-460

30,523

-

-1,677

-7,905

5,784

-5,654

-2,962

6,391

1,523

17,768

10,263

202

296

-16,210

-

-9,785

19,863

-

-

945

7,152

Other assets and accrued liabilities

-21,210

-10,076

4,014

8,409

-19,904

121,550

-16,464

-75,936

36,463

-83,233

34,222

15,228

3,570

2,862

-2,069

5,499

5,098

-

-2,948

10,365

6,808

-

-7,651

13,722

-5,128

-18,425

4,230

8,095

16,799

1,056

-1,485

5,794

-1,879

-15,393

4,399

-56

2,915

-1,734

1,416

12,940

-5,741

NET CASH PROVIDED BY OPERATING ACTIVITIES

106,185

88,852

70,043

111,879

96,178

63,834

83,436

51,511

97,112

73,363

51,059

91,046

81,921

70,739

90,526

76,552

118,745

-

64,608

97,511

118,423

-

47,331

51,090

121,821

50,224

44,658

88,773

86,829

34,651

55,427

66,689

60,113

39,505

28,604

-6,373

72,554

77,243

73,510

72,748

82,549

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

21,700

33,075

23,198

26,651

20,761

24,430

25,458

22,984

26,550

24,019

19,294

14,454

17,465

34,327

25,678

17,810

23,912

-

20,685

20,590

19,983

-

13,556

21,428

23,580

27,335

25,511

23,777

22,558

18,071

19,953

14,947

14,288

9,993

-

21,367

22,058

-

-

25,744

29,125

Deposit paid for the Acquired Hostess Assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

18,000

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of businesses, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

341

365,343

179

49,950

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of mix plant

-

-

-

-

-

-

-

-

-

0

0

0

41,230

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingently refundable consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

7,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contingent acquisition consideration payments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

5,000

-

-

-

-

Proceeds from sale of new distribution territories

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-639

565

6,469

7,570

-

-

-

-

-

-

-

-

-

-

-

-

Deconsolidation of variable interest entity (Note 12)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

8,804

Proceeds from sale of property, plant and equipment

862

101

2,005

308

235

547

76

791

499

2,241

382

983

329

14,722

980

435

1,530

-

339

9,084

924

-

10,989

3,247

3,928

638

1,057

148

1,123

198

122

511

470

10,383

-

575

732

-

-

414

335

Repurchase of independent distributor territories

1,058

952

457

301

995

822

721

450

1,135

594

1,179

1,655

3,032

422

-1

3,605

4,845

-

4,827

2,308

9,120

-

2,073

4,300

8,472

2,787

-3,316

10,106

16,841

8,209

2,638

2,614

4,388

-

-

2,996

3,477

-

-

-

-

Cash paid at issuance of notes receivable

3,827

4,740

4,455

5,951

7,498

9,447

4,653

5,712

8,642

6,464

6,596

5,865

6,641

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,206

1,880

Principal payments from notes receivable

8,883

6,648

6,710

7,230

8,585

5,922

6,329

6,461

8,171

5,952

5,639

5,914

7,370

5,224

5,094

4,733

7,221

-

6,292

5,777

7,847

-

5,219

5,492

6,725

5,243

5,099

4,918

6,336

5,442

3,058

3,199

4,799

3,008

-

2,885

3,829

-

-

2,907

3,806

Acquisition of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

5,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other investing activities

-23

-31

-33

-11

-44

-11

-60

-278

-228

-293

-462

-427

-641

-2,164

-167

-125

-66

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET CASH DISBURSED FOR INVESTING ACTIVITIES

-16,817

-31,987

-19,362

-25,354

-20,390

-228,393

-24,367

-21,616

-27,429

-22,591

-20,586

-14,650

22,432

-21,216

-19,436

-16,122

-19,940

-

-299,729

-8,037

-25,332

-

579

-16,989

-13,899

-25,221

-362,817

-22,527

-92,320

-20,342

-337,837

-13,851

-13,407

-4,985

-21,592

-185,388

-25,974

-24,568

-18,432

-25,629

-35,668

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

40,286

40,188

40,189

40,314

39,296

37,967

37,959

38,045

36,243

35,775

35,606

35,716

33,885

33,265

33,199

33,372

31,237

-

30,491

30,496

28,685

-

25,222

25,315

23,956

23,465

23,456

23,416

22,503

22,063

22,101

21,755

20,570

22,326

-

20,355

18,078

-

-

18,322

16,020

Exercise of stock options

-

-

-

-

-

0

0

0

791

10,017

2,880

167

6,249

8,769

8,384

9,354

1,124

-

15,776

713

2,082

-

10,208

1,805

5,083

2,469

1,927

9,143

146

4,769

1,151

7,728

233

-1,502

-

11,464

1,007

-

-

1,964

2,531

Excess windfall tax benefit related to share-based payment awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,441

261

2,040

-

2,069

892

4,178

1,026

767

3,751

2,237

774

115

1,369

60

-566

-

2,483

577

-

-

579

191

Payments for debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

2

109

3,766

-

-

-

-

-

-

-

-

Stock repurchases

783

0

0

0

7,054

0

0

0

2,489

0

0

520

2,151

2

0

1

126,297

-

0

0

6,858

-

10,332

0

9,459

5,029

0

0

3,790

5,139

12,233

0

1,354

8,569

-

0

18,029

-

-

0

2,115

Change in bank overdrafts

-3,530

101

4,249

-345

-788

1,105

413

4,738

-1,405

-3,580

-4,602

4,489

-10,513

7,472

-840

981

-5,699

-

3,247

-10,071

-4,044

-

-4,254

3,022

-1,770

115

1,709

-1,835

-488

3,397

8,436

3,915

-9,064

-2,441

-2,272

7,838

-2,604

-2,668

1,814

2,120

-2,698

Proceeds from debt borrowings

375,100

123,850

149,500

115,300

220,600

199,900

0

0

1,000

26,700

138,300

142,800

304,100

173,900

557,492

279,900

1,079,200

354,100

309,500

26,800

374,200

232,300

263,700

322,900

356,300

282,950

862,700

429,100

595,200

303,300

447,841

0

731,340

280,700

291,400

405,500

93,500

9,500

28,000

168,000

213,000

Debt obligation payments

171,350

135,600

165,250

161,550

261,100

22,900

1,250

1,250

2,250

49,450

131,450

186,950

368,050

206,650

604,100

317,150

1,018,200

241,600

107,000

38,100

430,900

283,427

284,523

337,674

437,463

284,849

526,130

485,045

563,070

299,646

348,989

7,804

565,221

293,105

273,030

207,907

101,041

25,531

48,629

203,352

252,297

Contingent consideration payments

4,700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for financing fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,884

19

605

-

116

3

483

-

13

0

564

-

760

81

1,270

-

-

-

-

-

-

-

-

-

-

-

-

Payments on financing leases

2,180

952

1,682

1,431

1,872

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET CASH PROVIDED BY (DISBURSED FOR) FINANCING ACTIVITIES

152,271

-52,789

-53,482

-88,340

-89,510

140,138

-38,896

-34,557

-40,596

-52,717

-30,578

-75,730

-104,250

-50,648

-75,147

-60,307

-101,714

-

197,357

-50,896

-92,648

-

-48,367

-34,370

-107,651

-27,128

316,757

-68,435

6,462

-15,171

74,218

-16,656

131,658

-34,933

-12,557

196,835

-44,668

-53,027

-54,500

-49,011

-57,408

Net increase (decrease) in cash and cash equivalents

241,639

4,076

-2,801

-1,815

-13,722

-24,421

20,173

-4,662

29,087

-1,945

-105

666

103

-1,125

-4,057

123

-2,909

-

-37,764

38,578

443

-

-457

-269

271

-2,125

-1,402

-2,189

971

-862

-208,192

36,182

178,364

-413

-5,545

5,074

1,912

-352

578

-1,892

-10,527