FOSSIL GROUP, INC. FOSL Cash Flow

Fossil group, inc. (FOSL)

CashFlow / Quarterly

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	Dec'10	Sep'10	Jun'10	Mar'10
Operating Activities:
Net income (loss)
-6,703	-24,938	-6,609	-11,762	47,882	5,922	-7,237	-47,505	-78,192	-5,479	-343,099	-46,789	50,787	19,348	8,072	7,396	72,315	60,129	56,820	40,638	156,146	106,404	54,900	69,161	151,285	92,373	70,410	73,980	152,922	79,877	60,388	61,072	122,801	72,505	54,030	58,066	99,731	70,904	56,559	37,696
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Depreciation, amortization and accretion
12,938	13,542	13,873	14,439	20,430	16,062	15,073	16,019	19,447	19,441	21,199	20,886	21,394	23,532	24,901	24,765	24,241	19,771	21,537	22,113	22,454	24,499	25,601	23,377	22,297	20,970	19,911	18,758	18,390	16,867	15,052	15,227	14,182	12,683	14,084	10,976	10,371	10,153	9,929	10,107
Non-cash lease expense
29,439	29,657	29,779	31,136	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
1,951	4,267	5,241	4,386	5,804	5,987	6,912	4,341	8,016	8,253	7,795	6,336	7,140	7,431	9,166	7,297	4,630	4,721	4,930	4,346	4,585	4,601	4,659	4,978	4,276	4,094	4,422	2,546	5,710	5,026	4,688	3,144	4,091	4,614	4,720	1,190	2,923	3,130	2,766	1,734
(Gain) loss on disposal of assets
-	-	-	-	-	-	-	-	-824	-148	-1,389	-149	-15	11,017	-730	-421	251	355	-317	-2,202	178	-220	-454	31	-71	-932	538	-266	-817	-671	-285	-517	-1,489	-2,017	1,328	-404	-564	-83	-72	-29
Property, plant and equipment and other long-lived asset impairment losses
4,703	1,397	1,680	880	282	109	1,567	81	487	4	2,104	618	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill and trade name impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	3,529	-1,015	5,332	1,270	3,183	582	5,219	282	5,750	0	0	0	-	-	-	-	-	-	-	-	4,746	207	2,042	434
Non-cash restructuring charges
575	0	385	4,236	-1,158	7	234	7,169	3,653	2,611	3,769	651	3,222	12,523	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity method investment losses
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	567	250	295	270	454	-19	-52	125	357	28	275	412
Distribution from joint venture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,726
Gain on equity method investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	100	6,410	0	0	0	0	-	-	-	-	-	-	-	-
Bad debt expense
1,445	1,203	-721	994	4,054	2,695	1,210	962	2,979	1,366	1,223	1,572	1,096	926	-1,891	-2,950	4,251	139	-686	-1,320	901	536	176	-1,063	778	368	-2,366	-4,202	1,826	40	-1,691	-1,396	-617	1,928	-930	175	2,994	-346	1,381	-108
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	6	-184	354	545	-65	12	938	1,175	1,000	2,122	4,082	470	1,143	179	9,901	257	19,056	-14,124	4,791	5,528	3,458	580	2,395
Loss on extinguishment of debt
0	-3,044	0	0	0	0	0	-718	-1,029	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes and other
-	-	-	-1,801	-	-	-	-4,412	-63,962	10,905	100,278	-6	11,100	8,861	723	-275	6,529	-654	-6,557	-247	-3,852	171	533	440	-6,432	1,067	1,257	-8,292	-5,755	-603	-314	-3,919	-14,889	-25,480	17,357	-6,685	-28,454	5,487	13,164	-1,410
Gain on asset divestitures
0	0	0	23,134	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-cash items
-	-3,573	-6,722	9,293	-	-2,043	-16,725	7,959	-	-6,000	6,392	5,737	-11,355	-518	7,681	7,792	-6,699	-457	7,569	869	-4,428	-2,958	2,160	1,525	-3,279	-995	4,343	238	-6,324	1,203	-1,191	2,917	-17	3,033	-1,239	-1,077	-20,529	2,833	401	1,737
Changes in operating assets and liabilities:
Accounts receivable
48,702	50,852	-1,675	-128,819	75,647	61,562	-30,457	-175,060	70,711	81,569	-21,719	-144,928	87,606	65,059	9,908	-149,673	60,347	80,734	-25,399	-158,594	56,880	110,210	9,165	-167,760	100,371	100,337	-23,853	-99,403	83,892	58,907	-11,753	-88,197	33,244	-38,955	100,277	-50,505	18,835	111,249	-927	-43,264
Inventories
-123,858	119,820	74,935	7,238	-140,332	20,765	-15,778	-18,100	-122,831	51,519	42,819	21,664	-141,696	35,762	48,968	-7,861	-129,664	81,726	41,933	49,087	-85,395	50,715	63,424	32,002	-91,803	67,861	65,358	11,507	-89,164	57,742	1,390	19,355	-20,887	210,488	-89,776	22,823	-24,168	90,143	46,564	3,382
Prepaid expenses and other current assets
-11,827	-3,364	-5,541	9,738	12,736	15,191	-27,032	14,461	-19,129	-874	-12,110	18,604	-8,458	-26,296	-8,834	17,490	16,233	1,003	-10,725	30,391	3,506	12,940	-2,159	38,439	11,629	-13,570	8,361	14,721	-40,102	-1,863	-1,798	5,527	22,580	46,476	-42,288	7,261	2,941	-6,313	15,038	2,632
Accounts payable
-15,714	9,939	60,288	-49,651	8,440	19,087	5,882	-71,774	-45,282	81,982	9,783	-11,619	-26,133	219	34,363	-51,469	23,972	18,911	4,678	-5,718	-30,739	23,839	27,256	-17,879	979	15,207	19,530	-20,369	21,569	13,316	3,408	-45,310	3,192	821	24,060	-15,416	9,533	24,183	799	-16,322
Accrued expenses
-10,861	-11,951	-58,468	-69,239	32,509	33,149	7,240	-86,375	31,898	49,122	-12,430	-15,829	18,456	15,713	22,187	-76,472	31,163	31,945	337	-50,900	13,525	33,193	20,062	-80,095	57,710	28,509	15,685	-49,000	52,988	8,446	2,343	-60,930	46,427	13,605	16,648	-42,586	23,592	38,631	23,484	-22,376
Income taxes
-959	2,035	2,513	981	-6,166	3,214	-8,196	-3,095	31,077	4,449	814	-3,529	11,708	-607	-1,669	-6,981	-205	-2,166	-9,097	-5,801	-12,649	18,442	-6,671	3,829	244	14,498	3,433	-6,813	-24,020	23,852	7,350	9,029	-3,242	1,612	-11,098	19,210	11,129	12,634	-30,663	4,100
Net cash (used in) provided by operating activities
124,024	-112,130	-33,720	7,617	175,727	-4,938	81,657	-4,307	119,374	24,778	-15,985	51,375	150,767	-12,587	37,413	34,534	226,281	-28,011	77,531	84,970	189,972	42,415	58,521	96,975	231,729	21,251	72,799	85,903	283,099	32,113	100,889	35,499	168,538	-438	30,035	53,132	166,649	-28,120	15,858	54,790
Investing Activities:
Additions to property, plant and equipment
6,840	3,543	3,940	6,571	7,773	3,924	2,432	3,832	8,281	4,451	8,378	4,410	12,150	14,211	19,643	19,670	26,596	20,707	15,604	16,860	23,971	27,352	21,935	21,505	28,900	23,375	23,474	19,485	52,675	29,563	20,118	10,029	39,615	39,808	20,497	9,932	14,498	14,414	11,959	5,667
Increase in intangible and other assets
710	632	1,003	907	-2,114	-36	344	180	1,976	186	-379	-144	1,743	-1,723	-179	-607	2,993	-663	-2	1,402	-2,167	4,988	4,433	2,165	5,859	3,837	4,399	723	5,439	285	4,668	27	7,731	7,448	4,416	2,049	250	-2,347	2,245	126
Skagen Designs arbitration settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	5,968	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	58	164	168	158	152	150
Sales/maturities of securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,144	0	29	82	84	79	76	75
Proceeds from the sale of property, plant, equipment
0	20	71	1,164	535	67	3	112	15	508	25	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-26	54	-452	169	-6,306	-754	157	654	7,344	0	0	-	-	-	-
Business acquisitions-net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	215,369	0	-150	4,970	-	-	-	-	625	0	-269	15,165	0	9	229,142	0	-	-	-	-	-	-	-	-
Proceeds from asset divestitures
-	-	-	41,570	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
-7,550	-4,155	-4,872	35,256	-5,124	-3,821	-2,773	-3,900	-8,492	-4,129	-7,974	-4,266	-7,516	30,141	-15,969	-19,063	-241,070	-20,044	-15,452	-17,264	-21,192	-32,340	-25,958	-23,670	-35,430	-27,131	-25,686	-34,921	-58,236	-23,530	-253,174	-10,213	-39,787	-54,532	-3,691	-12,063	-14,452	-12,933	-14,280	-5,868
Financing Activities:
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	76	138	444	-	414	749	759	1,393	1,669	2,543	1,991	811	859	68	4,352	322	490	4,226	3,502	7,022	6,844	2,576	6,968
Acquisition of common stock for employee tax withholdings
-	97	2,364	1,515	-	568	1,070	855	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of common stock
-	-	-	-	-	-	-	-	-	-	-	882	789	30	870	5,548	62	12,561	102,612	116,047	116,687	134,066	67,443	119,715	121,841	228,543	170,682	61,188	65,662	78,599	59,154	67,878	66,452	49,080	60,829	94,521	122,090	65,975	11,157	0
Distribution of noncontrolling interest earnings and other
0	70	3,791	0	0	0	3,791	433	3,594	1	244	183	4,145	-1	0	4,544	4,626	201	0	5,056	4,925	0	1	5,391	5,456	0	4,675	4	3,792	310	310	3,786	5,601	0	0	3,772	3,141	174	1,885	2,387
Payment for shares
0	-438	53	947	0	-1,547	0	1,547	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	-184	354	-	-65	12	938	1,196	1,000	2,122	4,082	470	1,143	179	9,901	257	390	4,542	4,791	5,528	3,458	580	2,395
Debt borrowings
298,452	383,328	1,727	1,825	1,483	4,951	40,448	764,125	966,107	396,026	416,948	349,100	279,838	331,200	216,900	207,900	681,100	385,385	411,802	1,070,363	324,000	235,200	205,600	196,200	262,000	283,616	458,402	218,098	155,370	181,299	214,000	3,899	2	2,605	10,276	0	1,243	-46	9	37
Debt payments
358,408	338,748	1,525	171,871	3,234	4,667	107,076	742,497	1,006,649	559,243	387,665	364,689	367,576	340,781	305,353	193,495	677,269	271,978	363,577	1,055,584	316,512	158,478	201,238	162,456	237,417	142,330	269,030	142,718	262,703	111,331	124,353	4	1,783	185	6,797	73	87	81	154	67
Debt issuance costs and other
-	7,568	0	-124	-	180	225	6,843	-	-317	532	5,364	-	2,647	0	-62	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-66,334	36,283	-6,051	-172,384	-2,298	-595	-71,714	11,950	-45,233	-162,941	28,482	-22,018	-92,632	-12,257	-97,980	4,375	-2,698	98,630	-54,433	-105,526	-114,258	-58,937	-62,321	-89,665	-102,602	-84,588	18,680	20,261	-189,567	-6,939	30,430	-53,516	-73,255	-37,947	-48,582	-90,073	-111,525	-55,974	-10,031	6,946
Effect of exchange rate changes on cash and cash equivalents, and restricted cash
2,556	568	34	-2,276	4,776	3,540	4,687	-3,639	-1,323	-10,598	-5,624	-1,633	10,747	-1,181	1,622	-2,371	5,193	1,130	5,375	-1,598	3,644	-5,685	-1,018	-701	-2,117	6,059	6,119	-7,083	-897	2,357	213	1,210	847	618	-1,048	2,950	-10,078	24,683	-6,905	-11,141
Net (decrease) increase in cash and cash equivalents, and restricted cash
52,696	-79,434	-44,609	-131,787	173,081	-5,814	11,857	104	64,326	-152,890	-1,101	23,458	61,366	4,116	-74,914	17,475	-12,294	51,705	13,021	-39,418	58,166	-54,547	-30,776	-17,061	91,580	-84,409	71,912	64,160	34,399	4,001	-121,642	-27,020	56,343	-92,299	-23,286	-46,054	30,594	-72,344	-15,358	44,727
Cash and cash equivalents, and restricted cash: