FOSSIL GROUP, INC. FOSL Cash Flow

Fossil group, inc. (FOSL)

CashFlow / TTM

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)
-50,012	4,573	35,433	34,805	-938	-127,012	-138,413	-474,275	-473,559	-344,580	-319,753	31,418	85,603	107,131	147,912	196,660	229,902	313,733	360,008	358,088	386,611	381,750	367,719	383,229	388,048	389,685	377,189	367,167	354,259	324,138	316,766	310,408	307,402	284,332	282,731	285,260	264,890	0	0	0
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:
Depreciation, amortization and accretion
54,792	62,284	64,804	66,004	67,584	66,601	69,980	76,106	80,973	82,920	87,011	90,713	94,592	97,439	93,678	90,314	87,662	85,875	90,603	94,667	95,931	95,774	92,245	86,555	81,936	78,029	73,926	69,067	65,536	61,328	57,144	56,176	51,925	48,114	45,584	41,429	40,560	0	0	0
Non-cash lease expense
120,011	90,572	60,915	31,136	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
15,845	19,698	21,418	23,089	23,044	25,256	27,522	28,405	30,400	29,524	28,702	30,073	31,034	28,524	25,814	21,578	18,627	18,582	18,462	18,191	18,823	18,514	18,007	17,770	15,338	16,772	17,704	17,970	18,568	16,949	16,537	16,569	14,615	13,447	11,963	10,009	10,553	0	0	0
(Gain) loss on disposal of assets
-	-	-	-	-	-	-	-	-2,510	-1,701	9,464	10,123	9,851	10,117	-545	-132	-1,913	-1,986	-2,561	-2,698	-465	-714	-1,426	-434	-731	-1,477	-1,216	-2,039	-2,290	-2,962	-4,308	-2,695	-2,582	-1,657	277	-1,123	-748	0	0	0
Property, plant and equipment and other long-lived asset impairment losses
8,660	4,239	2,951	2,838	2,039	2,244	2,139	2,676	3,213	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill and trade name impairment losses
-	-	-	-	-	-	-	-	-	-	-	-	0	3,529	2,514	7,846	9,116	8,770	10,367	10,254	9,266	11,833	11,251	6,032	5,750	0	0	0	-	-	-	-	-	-	-	-	7,429	0	0	0
Non-cash restructuring charges
5,196	3,463	3,470	3,319	6,252	11,063	13,667	17,202	10,684	10,253	20,165	16,396	15,745	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity method investment losses
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,382	1,269	1,000	653	508	411	458	785	1,072	0	0	0
Distribution from joint venture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,726	0	0	0
Gain on equity method investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,510	6,510	6,510	6,410	0	0	0	0	-	-	-	-	-	-	-	-
Bad debt expense
2,921	5,530	7,022	8,953	8,921	7,846	6,517	6,530	7,140	5,257	4,817	1,703	-2,819	336	-451	754	2,384	-966	-569	293	550	427	259	-2,283	-5,422	-4,374	-4,702	-4,027	-1,221	-3,664	-1,776	-1,015	556	4,167	1,893	4,204	3,921	0	0	0
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	177	721	650	846	1,430	2,060	3,125	5,235	8,379	7,674	7,817	5,874	11,693	11,480	29,393	15,090	9,980	15,251	-347	14,357	11,961	0	0	0
Loss on extinguishment of debt
-3,044	-3,044	0	0	-718	-1,747	-1,747	-1,747	-1,029	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes and other
-	-	-	-3,824	-	-	-	42,809	47,215	122,277	120,233	20,678	20,409	15,838	6,323	-957	-929	-11,310	-10,485	-3,395	-2,708	-5,288	-4,392	-3,668	-12,400	-11,723	-13,393	-14,964	-10,591	-19,725	-44,602	-26,931	-29,697	-43,262	-12,295	-16,488	-11,213	0	0	0
Gain on asset divestitures
23,134	23,134	23,134	23,134	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-cash items
-	0	0	15,321	-	0	0	2,558	-	-5,226	256	1,545	3,600	8,256	8,317	8,205	1,282	3,553	1,052	-4,357	-3,701	-2,552	-589	1,594	307	-2,738	-540	-6,074	-3,395	2,912	4,742	4,694	700	-19,812	-20,012	-18,372	-15,558	0	0	0
Changes in operating assets and liabilities:
Accounts receivable
-30,940	-3,995	6,715	-22,067	-68,308	-73,244	-53,237	-44,499	-14,367	2,528	-13,982	17,645	12,900	-14,359	1,316	-33,991	-42,912	-46,379	-16,903	17,661	8,495	51,986	42,113	9,095	77,452	60,973	19,543	31,643	42,849	-7,799	-105,661	6,369	44,061	29,652	179,856	78,652	85,893	0	0	0
Inventories
78,135	61,661	-37,394	-128,107	-153,445	-135,944	-105,190	-46,593	-6,829	-25,694	-41,451	-35,302	-64,827	-52,795	-6,831	-13,866	43,082	87,351	56,340	77,831	60,746	54,338	71,484	73,418	52,923	55,562	45,443	-18,525	-10,677	57,600	210,346	119,180	122,648	119,367	-978	135,362	115,921	0	0	0
Prepaid expenses and other current assets
-10,994	13,569	32,124	10,633	15,356	-16,509	-32,574	-17,652	-13,509	-2,838	-28,260	-24,984	-26,098	-1,407	25,892	24,001	36,902	24,175	36,112	44,678	52,726	60,849	34,339	44,859	21,141	-30,590	-18,883	-29,042	-38,236	24,446	72,785	32,295	34,029	14,390	-38,399	18,927	14,298	0	0	0
Accounts payable
4,862	29,016	38,164	-16,242	-38,365	-92,087	-29,192	-25,291	34,864	54,013	-27,750	-3,170	-43,020	7,085	25,777	-3,908	41,843	-12,868	-7,940	14,638	2,477	34,195	25,563	17,837	15,347	35,937	34,046	17,924	-7,017	-25,394	-37,889	-17,237	12,657	18,998	42,360	19,099	18,193	0	0	0
Accrued expenses
-150,519	-107,149	-62,049	3,659	-13,477	-14,088	1,885	-17,785	52,761	39,319	5,910	40,527	-20,116	-7,409	8,823	-13,027	12,545	-5,093	-3,845	15,880	-13,315	30,870	26,186	21,809	52,904	48,182	28,119	14,777	2,847	-3,714	1,445	15,750	34,094	11,259	36,285	43,121	63,331	0	0	0
Income taxes
4,570	-637	542	-10,167	-14,243	23,000	24,235	33,245	32,811	13,442	8,386	5,903	2,451	-9,462	-11,021	-18,449	-17,269	-29,713	-9,105	-6,679	2,951	15,844	11,900	22,004	11,362	-12,902	-3,548	369	16,211	36,989	14,749	-3,699	6,482	20,853	31,875	12,310	-2,800	0	0	0
Net cash (used in) provided by operating activities
-14,209	37,494	144,686	260,063	248,139	191,786	221,502	123,860	179,542	210,935	173,570	226,968	210,127	285,641	270,217	310,335	360,771	324,462	394,888	375,878	387,883	429,640	408,476	422,754	411,682	463,052	473,914	502,004	451,600	337,039	304,488	233,634	251,267	249,378	221,696	207,519	209,177	0	0	0
Investing Activities:
Additions to property, plant and equipment
20,894	21,827	22,208	20,700	17,961	18,469	18,996	24,942	25,520	29,389	39,149	50,414	65,674	80,120	86,616	82,577	79,767	77,142	83,787	90,118	94,763	99,692	95,715	97,254	95,234	119,009	125,197	121,841	112,385	99,325	109,570	109,949	109,852	84,735	59,341	50,803	46,538	0	0	0
Increase in intangible and other assets
3,252	428	-240	-899	-1,626	2,464	2,686	1,963	1,639	1,406	-503	-303	-766	484	1,544	1,721	3,730	-1,430	4,221	8,656	9,419	17,445	16,294	16,260	14,818	14,398	10,846	11,115	10,419	12,711	19,874	19,622	21,644	14,163	4,368	2,197	274	0	0	0
Skagen Designs arbitration settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,968	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	222	390	548	642	628	0	0	0
Sales/maturities of securities available for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,255	195	274	321	314	0	0	0
Proceeds from the sale of property, plant, equipment
1,255	1,790	1,837	1,769	717	197	638	660	548	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-255	-6,535	-7,343	-6,734	-6,249	7,401	8,155	7,998	0	0	0	-	-	-	-
Business acquisitions-net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	220,189	0	0	0	-	-	-	-	15,521	14,896	14,905	244,316	229,151	0	0	0	-	-	-	-	-	-	-	-
Proceeds from asset divestitures
-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
18,679	21,105	21,439	23,538	-15,618	-18,986	-19,294	-24,495	-24,861	-23,885	10,385	2,390	-12,407	-245,961	-296,146	-295,629	-293,830	-73,952	-86,248	-96,754	-103,160	-117,398	-112,189	-111,917	-123,168	-145,974	-142,373	-369,861	-345,153	-326,704	-357,706	-108,223	-110,073	-84,738	-43,139	-53,728	-47,533	0	0	0
Financing Activities:
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	3,315	4,570	6,364	7,596	7,014	6,204	3,729	6,090	5,601	5,232	9,390	8,540	15,240	21,594	19,944	23,410	0	0	0
Acquisition of common stock for employee tax withholdings
-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of common stock
-	-	-	-	-	-	-	-	-	-	-	2,571	7,237	6,510	19,041	120,783	231,282	347,907	469,412	434,243	437,911	443,065	537,542	640,781	582,254	526,075	376,131	264,603	271,293	272,083	242,564	244,239	270,882	326,520	343,415	293,743	199,222	0	0	0
Distribution of noncontrolling interest earnings and other
3,861	3,861	3,791	3,791	4,224	7,818	7,819	4,272	4,022	4,573	4,571	4,327	8,688	9,169	9,371	9,371	9,883	10,182	9,981	9,982	10,317	10,848	10,848	15,522	10,135	8,471	8,781	4,416	8,198	10,007	9,697	9,387	9,373	6,913	7,087	8,972	7,587	0	0	0
Payment for shares
562	562	-547	-600	0	0	1,547	1,547	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	2,081	3,146	5,256	8,400	7,674	7,817	5,874	11,693	11,480	10,727	15,090	9,980	15,251	18,319	14,357	11,961	0	0	0
Debt borrowings
685,332	388,363	9,986	48,707	811,007	1,775,631	2,166,706	2,543,206	2,128,181	1,441,912	1,377,086	1,177,038	1,035,838	1,437,100	1,491,285	1,686,187	2,548,650	2,191,550	2,041,365	1,835,163	961,000	899,000	947,416	1,200,218	1,222,116	1,115,486	1,013,169	768,767	554,568	399,200	220,506	16,782	12,883	14,124	11,473	1,206	1,243	0	0	0
Debt payments
870,552	515,378	181,297	286,848	857,474	1,860,889	2,415,465	2,696,054	2,318,246	1,679,173	1,460,711	1,378,399	1,207,205	1,516,898	1,448,095	1,506,319	2,368,408	2,007,651	1,894,151	1,731,812	838,684	759,589	743,441	811,233	791,495	816,781	785,782	641,105	498,391	237,471	126,325	8,769	8,838	7,142	7,038	395	389	0	0	0
Debt issuance costs and other
-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-208,486	-144,450	-181,328	-246,991	-62,657	-105,592	-267,938	-167,742	-201,710	-249,109	-98,425	-224,887	-198,494	-108,560	2,327	45,874	-64,027	-175,587	-333,154	-341,042	-325,181	-313,525	-339,176	-258,175	-148,249	-235,214	-157,565	-145,815	-219,592	-103,280	-134,288	-213,300	-249,857	-288,127	-306,154	-267,603	-170,584	0	0	0
Effect of exchange rate changes on cash and cash equivalents, and restricted cash
882	3,102	6,074	10,727	9,364	3,265	-10,873	-21,184	-19,178	-7,108	2,309	9,555	8,817	3,263	5,574	9,327	10,100	8,551	1,736	-4,657	-3,760	-9,521	2,223	9,360	2,978	4,198	496	-5,410	2,883	4,627	2,888	1,627	3,367	-7,558	16,507	10,650	-3,441	0	0	0
Net (decrease) increase in cash and cash equivalents, and restricted cash
-203,134	-82,749	-9,129	47,337	179,228	70,473	-76,603	-89,561	-66,207	-69,167	87,839	14,026	8,043	-65,617	-18,028	69,907	13,014	83,474	-22,778	-66,575	-44,218	-10,804	-40,666	62,022	143,243	86,062	174,472	-19,082	-110,262	-88,318	-184,618	-86,262	-105,296	-131,045	-111,090	-103,162	-12,381	0	0	0
Cash and cash equivalents, and restricted cash: