GREIF, INC GEF Cash Flow

Greif, inc (GEF)

CashFlow / Quarterly

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Oct'10	Jul'10	Apr'10	Jan'10
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
36,100	69,800	67,500	21,100	35,800	45,500	72,000	51,900	60,100	39,700	47,500	39,900	8,000	6,500	46,400	32,500	-9,900	9,200	9,300	20,500	28,200	-35,500	11,500	37,100	31,800	31,500	48,800	42,300	24,900	24,600	37,000	39,200	22,800	17,800	68,100	50,600	41,100	69,678	67,759	44,832	26,231
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, Depletion and Amortization
61,300	59,300	60,000	55,500	31,300	30,400	32,400	32,400	31,700	31,100	27,700	31,000	30,700	31,900	31,500	32,000	32,300	33,700	31,600	34,700	34,600	38,400	38,800	39,400	39,200	39,700	39,500	38,900	39,500	39,700	37,500	39,700	38,700	41,700	34,900	34,600	33,100	31,073	27,748	27,673	29,506
Timberland gains
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	24,300	0	0	8,700	8,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset Impairment Charges
100	5,700	0	0	2,100	4,200	800	400	2,900	14,900	2,000	2,000	1,900	6,500	4,100	1,700	39,100	23,600	17,600	4,500	200	70,200	15,400	0	200	26,900	2,200	2,200	100	5,300	500	5,600	1,800	5,700	2,500	300	500	544	2,117	33	206
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment
100	-	-	-	0	-	-	-	-	-1,500	-1,000	-1,100	-23,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Disposition of Property Plant Equipment
500	6,800	1,300	4,900	900	-1,900	1,400	1,500	4,600	-3,500	1,100	1,800	1,000	800	700	7,900	900	-2,300	7,000	700	1,600	2,800	1,400	1,500	2,600	-500	1,800	3,100	1,200	1,200	3,300	2,000	1,100	2,000	9,200	2,800	2,100	4,496	4,875	701	1,328
Gain (Loss) on Disposition of Assets
-	-	-	-	-	-	-	-	-	-3,900	800	1,900	-500	-18,600	1,300	2,800	0	-700	1,100	-10,400	800	21,200	-9,100	1,200	-1,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized foreign exchange (gain) loss
-500	-400	-1,500	-600	-500	1,900	800	500	-2,500	-100	-2,400	0	-2,100	0	900	-3,000	-2,000	-2,800	-1,200	-200	4,200	2,600	2,600	-3,500	2,200	-2,100	-1,600	1,300	-4,700	-4,600	1,800	200	2,700	-2,200	2,900	-100	2,100	-	-	-	-
Deferred income tax benefit (expense)
-7,000	14,800	-900	-7,500	-4,300	24,800	0	-4,100	-65,500	11,100	-1,000	3,500	-11,300	4,300	1,300	-3,700	-400	-2,600	-700	-12,200	9,600	17,700	900	-6,400	1,900	2,100	400	-200	300	34,000	-4,900	-3,600	-3,500	13,600	-300	-4,800	1,300	5,283	-1,016	310	3,023
Transition tax (benefit) expense
0	-3,200	100	0	2,300	16,900	0	0	35,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of operating lease assets
14,900	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity earnings of affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,200	200	100	0	-700	2,000	0	2,800	1,500	0	500	328	3,141	242	-111
Other, net
300	1,200	-2,500	-2,900	0	-	-	-	-	-700	600	-1,700	600	0	-600	0	600	800	1,100	0	300	900	1,000	400	500	-	-	500	-1,000	800	700	700	600	-	-	-	-	-	-	-	-
Increase (decrease) in cash from changes in certain assets and liabilities:
Trade accounts receivable
-21,500	-49,600	7,800	-700	-12,600	-1,600	20,400	23,600	-8,400	-8,300	18,700	34,600	2,300	-10,900	16,900	30,800	-18,200	-36,200	11,200	3,900	-18,400	-15,100	42,500	14,600	3,300	-13,800	29,600	33,300	-13,500	-46,800	-8,400	-31,800	-9,800	-21,600	17,800	30,300	-5,900	-30,313	38,367	57,136	-11,790
Inventories
17,000	-54,700	-10,400	-4,000	35,200	-35,900	-7,300	20,000	48,000	-53,500	900	22,800	36,800	-7,000	2,800	-5,600	6,400	-27,200	-23,400	-10,700	22,400	-21,600	11,800	-100	38,600	-28,700	12,000	9,000	10,300	-28,100	26,800	-9,000	-30,000	-61,600	-100	26,300	18,000	-17,045	46,393	26,100	20,352
Deferred purchase price on sold receivables
0	0	0	0	6,900	-34,400	7,500	1,900	22,900	-35,900	9,100	-1,400	23,100	-25,400	5,000	-700	15,900	-	-	-	-	-5,200	-14,300	-1,700	9,700	-6,500	-8,300	-9,800	32,600	23,800	-4,100	-6,400	7,600	-	-	-	-	-25,444	13,037	7,764	343
Accounts payable
-32,200	-32,700	-12,100	-2,200	-22,900	300	26,000	23,700	-25,700	500	15,800	30,200	-26,000	32,100	20,000	34,300	-47,000	18,200	7,400	-26,900	-55,300	39,800	19,000	61,000	-50,900	-8,200	11,200	38,800	-78,900	-5,600	38,700	51,600	-81,400	56,000	-15,200	25,600	-73,900	115,930	28,479	47,769	-147,578
Restructuring reserves
-1,500	-300	4,800	3,100	-900	-800	-900	1,500	-600	-1,600	-1,400	1,800	-4,100	-4,300	2,300	-1,800	-6,900	5,300	7,100	4,300	2,100	-500	-1,400	2,100	1,100	-600	-200	-2,900	-1,300	700	-1,400	-7,600	-3,100	6,000	-4,400	-300	-1,900	2,622	1,883	-148	743
Accrued payroll and employee benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,446	17,781	-27,453
Other current liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	517	30,977	-1,513
Pension and post-retirement benefit liabilities
-6,100	-4,600	-4,900	-5,100	-700	3,800	-67,200	-1,700	-1,700	2,400	-2,400	400	-2,100	-7,300	-800	-600	-200	-2,500	4,500	500	-6,500	-19,600	1,100	2,200	-600	-13,800	2,900	3,300	3,500	10,100	12,800	-900	-6,200	-15,700	-1,800	-19,100	10,100	-10,855	-1,570	-1,648	5,773
Other, net
50,200	10,800	-20,300	21,600	22,400	-1,500	-12,600	-1,000	26,200	5,600	-29,200	-7,700	3,500	-12,200	-22,500	-21,700	29,600	25,500	-24,700	8,100	37,600	-20,100	-25,900	10,000	22,000	-20,400	-10,100	-23,000	31,900	23,400	-54,000	900	-17,100	59,400	17,300	-28,100	61,700	91,673	-42,447	49,074	-38,400
Net cash provided by (used in) operating activities
19,500	195,400	141,500	62,200	-9,600	197,200	51,300	58,200	-53,700	199,900	89,600	59,600	-44,100	143,000	100,300	83,900	-26,200	132,900	99,900	33,400	-59,900	145,000	75,300	104,300	-62,800	131,600	79,700	107,800	-68,800	139,100	154,800	165,400	14,000	149,500	35,200	55,700	-68,200	160,325	73,997	26,562	-82,784
Cash flows from investing activities:
Acquisitions of companies, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	1,100	0	400	0	1,200	0	52,300	-	-	-	-	-	-	-	-	-	-	-	-	124,861	38,604	55,867	58,268
Collection of subordinated note receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-88,400	0	0	44,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of properties, plants and equipment
37,500	53,000	40,200	37,600	26,000	48,200	35,700	28,300	28,000	31,700	25,400	18,400	21,300	28,700	26,600	15,000	29,800	27,600	38,400	30,600	39,200	43,900	32,000	27,500	34,500	53,800	27,100	27,000	28,500	40,400	44,900	33,800	46,900	44,600	44,100	33,200	40,500	43,054	36,488	30,844	33,714
Purchases of and investments in timber properties
1,600	1,300	1,800	1,400	900	2,300	1,700	2,300	2,600	2,200	1,900	3,300	2,100	2,400	1,200	3,500	0	200	12,800	0	25,400	1,100	22,000	25,700	8,000	-	-	-	-	300	800	0	2,600	0	2,500	500	400	1,500	2,885	16,515	100
Proceeds from the sale of properties, plants, equipment and other assets
1,500	14,900	3,200	9,100	1,500	1,000	3,000	2,500	6,000	300	2,000	5,600	1,700	1,400	7,100	2,700	1,100	2,500	7,600	3,100	36,100	9,500	3,500	21,800	14,800	29,500	5,900	5,100	1,000	4,700	2,200	5,700	1,300	13,100	12,400	2,800	2,700	4,266	9,107	1,078	2,849
Proceeds from the sale of businesses
0	-2,400	3,500	-400	800	0	0	0	1,400	1,400	3,700	0	800	0	200	22,600	1,000	700	6,400	9,600	2,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds on insurance recoveries
0	400	0	0	200	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on notes receivable with related party, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,000	400	500	400	600	2,100	400	100	900	13,000	700	-12,600	1,300	500	-21,200	-600	-	-	-	-
Net cash used in investing activities
-37,600	-41,400	-64,800	-1,858,700	-24,400	-49,500	-34,400	-28,100	-23,200	-32,200	-21,600	-15,700	-20,900	-29,700	-21,300	9,400	16,500	-67,700	-34,900	-17,900	-26,000	62,700	-21,200	-30,900	-79,600	-32,200	-19,100	-22,000	-27,400	-35,100	-30,500	-27,400	-60,800	-189,500	-190,900	-81,200	-38,800	-165,149	-68,870	-102,148	-89,233
Cash flows from financing activities:
Proceeds from issuance of long-term debt
429,000	261,600	280,700	2,840,400	349,600	236,100	250,800	237,300	296,500	344,400	213,400	528,400	359,800	182,800	355,300	287,700	276,500	268,900	277,400	213,200	152,800	313,000	193,100	218,500	395,400	380,500	181,400	227,000	464,900	461,200	624,000	914,000	948,000	1,054,900	1,252,600	704,200	847,700	1,380,147	834,367	776,526	740,660
Payments on long-term debt
311,400	497,800	349,200	961,000	267,600	359,200	242,500	225,600	238,100	438,900	234,700	600,800	353,500	181,700	343,900	344,700	248,900	294,100	252,500	212,000	111,500	381,600	256,800	284,800	263,300	436,600	210,800	268,300	350,800	502,300	732,200	1,041,900	853,400	973,600	1,087,500	707,400	697,300	1,406,888	852,036	717,492	661,484
Payments on current portion of long-term debt
100	-	100	18,800	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds (payments) on short-term borrowings, net
-3,600	2,200	0	-900	900	-2,100	-3,700	1,000	0	-5,600	-16,900	-3,600	-10,300	-3,800	2,400	7,500	-1,400	-15,400	-11,200	15,200	14,000	-29,100	9,900	-4,500	31,900	-400	6,400	-41,800	5,600	-	-	-	-13,300	19,100	14,500	13,300	27,400	-16,754	-806	8,098	13,262
Proceeds from trade accounts receivable credit facility
2,500	122,400	16,800	30,700	11,500	0	0	2,800	0	0	0	48,300	155,300	225,000	43,700	14,800	0	7,300	3,800	17,900	94,000	18,000	0	19,000	30,000	55,600	0	16,800	3,200	-	-	15,500	-17,500	5,000	8,900	17,900	-36,800	17,200	9,200	25,200	83,400
Payments on trade accounts receivable credit facility
57,900	29,800	14,300	11,700	33,400	0	0	0	2,800	0	0	0	53,600	300,100	94,900	7,500	28,600	5,500	4,700	10,200	65,000	78,000	0	0	19,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid to Greif, Inc. shareholders
25,900	26,100	26,100	26,100	25,700	26,000	24,700	24,800	24,500	24,700	24,700	24,700	24,500	24,700	24,700	24,800	24,500	24,700	24,800	24,700	24,500	24,800	24,700	24,700	24,400	24,700	24,600	24,600	24,400	24,500	24,400	24,500	24,300	24,400	24,600	24,500	24,300	24,493	24,507	22,169	21,931
Dividends paid to noncontrolling interests
800	0	900	7,900	400	100	1,100	3,000	400	100	600	3,000	500	100	3,500	1,300	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for deferred purchase price related to acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	14,300	-	-	-	-	-	-	-	-
Fees paid for amended credit agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	3,400	-	-	-	-	-	-	-	-	-	-	-	-
Exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,100	400	100	-	-	-	-	800	400	400	200	300	1,900	100	200	836	800	317	47
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-600	-200	-	-	-	100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for Repurchase of Redeemable Noncontrolling Interest
0	0	0	0	11,900	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
31,800	-151,900	-91,400	1,803,800	23,000	-149,300	-21,200	-12,300	24,500	-124,900	-63,500	-59,900	72,700	-101,600	-70,000	-74,100	-27,100	-63,500	-14,400	-2,100	59,900	-183,700	-75,800	-71,700	150,700	-117,700	-47,300	-90,000	95,100	-106,500	-133,800	-137,300	25,400	65,200	165,400	600	116,900	26,096	-6,430	70,480	153,954
Reclassification of cash to assets held for sale
0	-	-	-	-400	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effects of exchange rates on cash
-200	-600	700	-2,400	1,700	-5,100	-3,000	-3,900	4,400	-600	2,700	2,100	-4,600	-2,300	-4,300	5,100	-4,100	2,800	-16,300	-1,800	-3,300	-3,900	-700	3,700	-4,400	1,500	-3,800	-1,800	1,000	2,500	-3,800	200	-2,000	-7,000	3,800	2,800	800	1,550	444	730	-4,424
Net increase (decrease) in cash and cash equivalents
13,500	1,500	-14,000	5,300	-9,700	-6,700	-7,300	13,900	-48,000	47,700	7,600	-19,800	3,100	9,400	4,700	24,300	-40,900	4,500	34,300	11,600	-29,300	20,100	-22,400	5,400	3,900	-16,800	9,500	-6,000	-100	0	-13,300	900	-23,400	18,200	13,500	-22,100	10,700	22,822	-859	-4,376	-22,487
Supplemental information: