FULLER H B CO FUL Cash Flow

Fuller h b co (FUL)

CashFlow / Quarterly

Feb'20	Nov'19	Aug'19	Jun'19	Mar'19	Dec'18	Aug'18	May'18	Mar'18	Dec'17	Aug'17	May'17	Feb'17	Dec'16	Aug'16	May'16	Feb'16	Nov'15	Aug'15	May'15	Feb'15	Nov'14	Aug'14	May'14	Feb'14	Nov'13	Aug'13	May'13	Feb'13	Nov'12	Aug'12	May'12	Feb'12	Nov'11	Aug'11	May'11	Feb'11	Nov'10	Aug'10	May'10	Feb'10
Cash flows from operating activities:
Net income including non-controlling interest
9,906	32,225	49,730	36,641	12,248	41,365	37,736	44,464	47,667	-6,368	25,139	25,864	14,831	36,762	32,798	33,390	18,967	25,100	26,886	25,316	9,795	10,792	4,084	20,626	14,649	97,110	-46,746	26,048	20,774	25,194	83,324	2,007	15,330	26,597	23,390	24,853	14,207	21,570	18,850	11,023	18,976
Loss from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	182	58,716	-3,053	1,723	-	-	-	-	-	-	-	-
Adjustments to reconcile net income including non-controlling interest to net cash provided by operating activities:
Depreciation
16,595	16,846	16,701	16,726	16,842	17,109	17,368	16,737	17,422	14,697	12,404	12,026	11,945	12,459	11,663	11,809	13,258	12,609	12,093	11,927	11,676	12,527	12,654	11,720	10,353	39,119	-18,857	8,751	10,136	11,157	9,526	11,016	7,014	7,895	7,139	6,274	7,580	5,577	7,582	7,370	7,440
Amortization
17,990	17,822	18,079	18,978	19,212	18,855	19,116	19,276	19,243	13,115	7,899	7,874	7,355	7,986	7,023	6,788	6,698	6,938	6,899	6,999	6,148	5,929	5,733	5,803	5,775	22,491	-11,084	5,594	5,507	5,490	5,244	5,409	2,560	2,607	2,546	2,523	2,486	2,514	2,501	2,813	3,011
Deferred income taxes
-4,035	7,803	-14,960	-20,445	-1,426	4,257	-3,269	2,179	-50,613	-23,320	1,653	253	-246	43	2,684	1,038	63	1,870	2,859	2,128	-212	4,232	508	-600	14	9,647	428	-614	186	-15,906	-2,307	500	893	4,905	421	-553	967	8,399	4,410	-3,734	387
Income from equity method investments, net of dividends received
1,634	1,782	-4,941	1,633	1,565	1,990	-2,778	2,139	1,821	1	-1,640	2,005	2,274	-1,471	1,840	1,640	1,692	-1,115	1,500	1,366	1,291	5,815	-6,495	1,683	1,854	-4,552	4,977	-7,424	2,440	2,652	-2,560	2,149	2,195	2,575	-2,429	2,476	1,860	178	1,859	1,717	1,815
Gain on sale of assets
0	4,140	20,341	-347	-30	-95	-27	1,074	2,098	-130	58	-4	95	-	2,794	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation
4,703	3,833	5,998	8,266	5,906	1,674	5,005	4,783	5,651	5,469	3,191	3,811	5,032	3,875	2,501	2,701	4,267	3,831	3,006	3,058	4,261	3,213	3,015	3,163	3,985	12,307	-6,205	2,895	3,320	2,573	2,143	2,217	2,795	2,528	1,842	1,581	1,790	798	2,045	1,633	1,929
Excess tax benefit from share-based compensation
-	-	-	-	-	-	-	-	-	506	151	300	1,053	179	870	933	-341	112	411	513	397	6,480	-5,573	837	1,613	2,673	-2,026	225	1,804	119	105	158	881	871	136	-67	200	419	-4	50	44
Non-cash (gain) loss on mark to market adjustment related to contingent consideration liability
-	-	-	-	-	3,449	50	-2,421	48	-1,780	1,150	-3,640	37	-5,231	90	-891	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash charge for the sale of inventories revalued at the date of acquisition
-	-	-	-	-	-	-	-	-	11,096	0	0	193	0	425	103	0	4,832	0	285	-2,701	138	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset impairment charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	332	0	0	8,785	0
Change in assets and liabilities, net of effects of acquisitions:
Trade receivables, net
-33,705	9,958	-8,018	29,565	-5,873	24,342	2,608	29,092	-16,613	12,810	4,126	14,774	-4,884	23,772	-12,366	15,667	-28,947	27,898	-13,318	22,572	-25,114	37,283	-42,237	27,596	-3,749	7,282	1,150	10,172	-11,324	-2,533	149	17,176	2,549	2,759	-3,515	16,723	2,461	4,501	-2,525	25,176	-13,395
Inventories
46,947	-37,288	-5,094	1,168	21,630	-43,120	6,614	6,861	46,713	-46,679	9,949	12,793	32,597	1,311	-2,894	-6,802	15,861	-15,367	5,662	-8,106	22,399	99,298	-123,706	21,900	38,735	11,782	-16,935	-5,963	22,913	-11,531	1,848	219	26,545	-32,502	19,495	3,885	20,144	-30,028	14,242	926	18,934
Other assets
32,769	-13,537	10,457	331	21,065	-12,360	-1,655	11,062	38,137	15,446	10,142	-8,642	-3,960	10,173	8,158	-650	-9,298	-9,750	3,576	-20,212	14,395	67,323	-38,181	591	11,978	13,845	-8,956	1,342	7,617	5,872	14,385	-31,882	15,938	6,159	638	-5,727	-295	2,367	7,189	-2,966	381
Trade payables
55,110	9,307	-23,697	18,038	7,905	21,612	-3,911	12,716	-5,016	21,343	2,579	-3,546	23,989	-10,927	6,156	-3,220	-4,301	-4,763	-19,769	-2,559	32,885	-40,916	-750	9,857	17,265	16,263	-1,051	-270	1,316	-5,355	-11,270	-11,293	23,073	-23,594	5,523	7,468	19,265	-18,822	-4,277	16,027	-2,014
Accrued compensation
-21,145	11,515	7,605	1,427	-19,205	5,907	11,777	4,221	-22,211	8,368	8,547	2,874	-7,540	7,594	-3,790	10,310	-13,235	10,599	-1,044	7,413	-10,986	3,013	-6,195	-2,084	-22,837	3,788	11,948	6,661	-18,612	14,761	-1,278	18,964	-11,497	3,985	2,562	2,797	-12,731	5,580	4,227	4,845	-11,867
Other accrued expenses
-3,055	-9,818	-4,798	17,987	-5,253	16,662	-4,815	-5,664	-10,465	15,564	504	1,830	-8,089	-690	1,576	-1,176	-5,258	4,986	2,304	-5,081	7,482	-5,963	6,368	2,149	3,452	4,792	1,888	494	-2,382	6,617	-987	-5,418	4,697	3,984	1,101	3,704	-7,137	3,484	-1,535	2,179	-710
Income taxes payable
-3,040	-2,544	9,793	15,416	-1,622	-13,844	4,698	4,461	8,733	-7,721	-1,683	-4,460	-1,109	-292	-5,866	-1,222	5,673	-3,083	2,747	2,093	-3,126	3,889	-11	-5,744	1,754	-17,923	8,221	899	-9,130	8,329	6,482	284	78	3,045	3,978	-388	-171	4,488	215	-8,436	5,857
Accrued / prepaid pensions
-1,120	-	-1,615	-644	-5,289	-	-1,984	-3,007	-2,218	-	-980	-1,628	-1,361	-	-287	-2,447	662	-	-1,575	-448	-4,542	-	-3,539	-6,780	-2,291	-	1,493	929	-2,428	-	-2,017	-2,110	-2,078	-	-3,342	-1,096	-3,166	-	-1,592	-532	-4,761
Other liabilities
12,801	-10,188	12,101	1,544	-3,009	-20,863	-745	-29,718	29,897	2,046	9,303	1,582	1,754	-11,017	-1,259	-6,384	-1,445	-1,661	-1,380	-2,485	603	-4,055	-2,675	-4,570	1,359	-3,258	4,275	-1,044	-3,236	-7,463	6,814	6,622	-2,442	-1,170	-955	-420	-403	-4,524	-758	-634	-4,560
Other
-2,638	8,998	20,730	-4,751	12,541	34,751	8,177	36,655	1,939	31,769	-8,909	-5,279	-3,157	30,226	7,989	31	-3,821	1,671	1,306	-3,240	22,896	18,949	12,207	2,335	-155	-11,100	-6,721	204	6,515	-6,414	7,522	-13,272	10,074	-3,639	426	-5,720	2,818	-293	25	-1,296	-4,797
Net cash provided by operating activities
34,427	108,929	82,922	76,833	493	146,496	84,441	54,454	-32,079	95,520	38,011	16,335	16,459	49,784	63,301	40,042	42,561	57,485	36,828	50,003	66,213	42,291	21,283	-16,732	-17,108	132,603	-40,621	52,195	-11,484	43,278	30,553	34,144	666	36,996	29,092	20,533	1,467	45,027	10,932	15,140	1,112
Purchased property, plant and equipment
32,124	14,959	14,831	18,327	13,865	21,743	13,323	14,642	18,555	19,423	8,407	7,205	19,899	13,741	13,849	12,359	23,361	9,986	9,721	10,536	28,381	23,581	34,071	31,263	50,879	124,205	-47,956	28,441	19,598	17,746	5,663	6,877	5,627	10,473	8,975	7,264	6,122	7,308	9,016	6,010	9,395
Purchased businesses, net of cash acquired
9,500	250	128	7,914	0	-	-	-	-	1,622,110	0	0	123,305	1,249	42,175	9,123	0	0	0	-66	217,638	26,485	-302	151	0	8,605	1,633	0	-1,625	7,881	0	404,725	0	-	-	-	-	-	-	-	-
Purchase of assets
3,998	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchased investments
-	-	-	-	-	-	-	-	-	-	0	0	1,250	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchased technology
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of property, plant and equipment
1,516	5,819	5,269	-96	141	745	-531	1,342	1,367	-73	-123	759	109	-71	3,533	7	863	3,797	456	-230	1,303	5,330	-1,016	1,187	610	2,133	-351	125	228	535	869	198	154	378	2,156	-118	126	-593	-30	2,784	169
Cash payments related to government grant
234	1,638	0	1,120	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-44,340	-11,192	60,603	-28,282	-13,724	-19,888	-11,465	-13,300	-17,188	-1,641,606	-8,530	-6,446	-144,345	-15,061	-52,491	-21,475	-22,498	5,860	-9,265	-10,700	-244,716	-44,434	-35,087	-30,227	-50,269	-133,062	48,356	-30,703	-17,745	-25,092	-4,794	-411,404	-5,473	-10,095	-6,819	-13,382	-5,996	-8,706	-35,814	-3,226	-9,226
Proceeds from issuance of long-term debt
-	-	-	-	-	-	-	-	-	2,213,278	45,000	145,000	453,000	-	0	0	0	0	20,000	20,000	317,000	325,000	60,000	135,000	40,000	106,926	-94,892	59,000	36,000	0	94,208	490,000	0	51,000	68,000	66,000	33,000	6,000	27,000	39,000	273,000
Repayment of long-term debt and payment of debt issuance costs
13,000	115,100	103,500	50,000	20,000	115,000	45,000	20,375	5,375	538,726	32,500	151,414	356,610	5,625	5,625	5,625	5,625	3,750	23,750	53,750	130,000	657,250	-284,000	110,000	0	129,372	-109,870	66,500	43,500	7,500	181,708	97,500	5,625	56,625	73,625	71,625	38,625	54,625	35,000	29,000	211,000
Net proceeds from notes payable
1,497	-1,005	-1,386	1,408	2,645	-3,427	4,139	-14,219	231	3,145	-634	-18,725	8,438	1,107	-4,607	4,868	6,378	-509	-4,599	7,233	-4,748	-3,788	1,351	7,756	1,283	-546	5,808	-5,518	-289	-4,731	2,668	-3,754	-20	45	1,015	3,682	-3,661	1,497	12,373	773	3,923
Dividends paid
8,222	8,176	8,153	8,145	7,883	7,861	7,849	7,772	7,642	7,554	7,444	7,566	7,048	6,948	7,033	7,039	6,498	6,509	6,569	6,561	6,044	6,035	6,028	6,020	5,004	19,319	-9,279	5,021	4,273	4,242	4,244	4,242	3,726	3,696	3,704	3,698	3,452	3,444	3,427	3,427	3,326
Distribution to redeemable non-controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from stock options exercised
907	8,390	658	772	1,065	1,009	2,841	1,625	762	2,672	1,107	5,377	8,549	1,509	2,677	7,051	32	289	391	2,267	1,684	521	1,680	2,646	2,005	8,883	-4,363	597	3,774	751	619	806	5,225	1,942	512	440	4,803	2,026	64	650	1,210
Excess tax benefit from share-based compensation
-	-	-	-	-	-	-	-	-	506	151	300	1,053	179	870	933	-341	112	411	513	397	234	673	837	1,613	2,673	-2,026	225	1,804	119	105	158	881	871	136	-67	200	419	-4	50	44
Purchase of redeemable non-controlling interest
-	-	-	-	-	-	-	-	-	0	0	0	3,127	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchases of common stock
3,213	104	115	124	2,683	135	24	1,261	3,268	114	12,845	6,442	2,430	11,327	5,335	48	6,518	17,076	7	4	2,203	9	52	102	15,347	17,625	-7,091	4,848	2,256	18	3,020	76	1,219	333	2,499	2,554	3,124	0	0	1	376
Net cash used in financing activities
-22,031	-115,995	-112,496	-59,699	-26,856	-125,414	-45,893	-42,002	-15,292	1,623,465	-7,165	-33,470	101,825	-21,105	-19,053	140	-12,572	-27,443	-14,123	-30,302	176,086	6,673	-6,376	30,117	24,550	-48,623	31,010	-22,309	-8,740	-15,621	-91,372	385,392	-4,484	-15,396	-8,740	-7,822	-10,859	-48,127	1,006	8,045	63,475
Effect of exchange rate changes on cash and cash equivalents
-1,509	10,673	-11,499	-2,082	2,770	-485	-6,247	-2,382	2,639	-2,576	3,177	1,165	334	-4,475	-4,677	544	112	-2,555	-1,788	-1,112	-3,578	-2,505	680	-1,161	753	2,671	390	-1,129	738	6,704	2,982	-5,849	-181	-6,716	-482	5,060	4,049	5,603	3,505	-7,845	-6,541
Net change in cash and cash equivalents from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,025	-19,500	-18,003	-42,074	-46,410	39,135	-1,946	-37,231	9,269	-62,631	2,283	-9,472	4,789	13,051	4,389	-11,339	-6,203	-20,371	12,114	48,820
Cash used in operating activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,135	75	0	-74	-17,990	-1,950	2,492	3,555	-	-	-	-	-	-	-	-
Cash provided by (used in) investing activities of discontinued operations including proceeds from sale of business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,412	118,027	1,147	-355	-	-	-	-	-	-	-	-
Net change in cash and cash equivalents
-33,453	-7,585	19,530	-13,230	-37,317	709	20,836	-3,230	-61,920	74,803	25,493	-22,416	-25,727	9,143	-12,920	19,251	7,603	33,347	6,358	7,889	-5,995	-	-	-	-	-45,274	39,210	-1,946	-37,305	-7,309	53,446	5,922	-6,272	-	-	-	-	-	-	-	-
Supplemental disclosure of cash flow information:
Dividends paid with company stock
-	-	-	-	-	56	79	65	7	68	166	63	2	133	61	60	64	55	55	51	47	48	46	44	37	149	-72	40	33	33	35	34	24	46	41	40	35	28	33	32	15
Cash paid for interest, net of amount capitalized of $416, $285, and $306 for the years ended November 30, 2019, December 1, 2018 and December 2, 2017, respectively
-	-	-	-	-	25,239	30,329	24,159	29,701	17,967	10,430	8,414	6,979	9,069	6,279	8,591	5,566	7,421	6,111	8,063	5,561	7,589	5,325	7,946	3,898	23,557	-11,982	7,040	4,959	7,009	5,469	2,654	4,684	1,831	4,800	1,819	4,785	1,844	5,565	2,390	2,296
Cash paid for income taxes, net of refunds
-	-	-	-	-	9,349	7,348	10,347	9,797	15,942	6,305	9,200	6,539	13,387	14,925	14,437	4,066	9,328	11,707	8,425	3,616	3,481	3,625	6,737	2,756	41,887	-20,373	8,446	11,960	29,270	-391	2,700	253	5,119	6,471	3,458	1,559	-9,757	5,894	14,276	3,355