G iii apparel group ltd /de/ (GIII)
CashFlow / Yearly
Jan'20Jan'19Jan'18Jan'17Jan'16Jan'15Jan'14Jan'13Jan'12Jan'11Jan'10
Cash flows from operating activities
Net income

143,837

138,067

62,124

51,938

114,333

108,991

76,402

56,569

49,620

56,682

31,718

Adjustments to reconcile net income to net cash provided by operating activities, net of assets and liabilities acquired:
Depreciation and amortization

38,735

38,819

37,783

32,481

25,392

20,374

13,676

9,941

7,473

5,733

5,380

Loss on disposal of fixed assets

-2,500

-128

-2,922

-3,201

-625

-275

-

-

-

-

-

Non-cash operating lease costs

-73,273

-

-

-

-

-

-

-

-

-

-

Gain on lease terminations

2,415

-

-

-

-

-

-

-

-

-

-

Asset impairments

21,787

2,813

7,884

-

-

-

-

-

-

-

-

Dividend received from unconsolidated affiliate

3,675

-

3,575

-

-

-

-

-

-

-

-

Asset impairments

-

-

-

10,480

-

-

-

-

-

-

-

Gain on repurchase of unsecured promissory notes

-

-

-

-

-

1,893

-

-

-

-

-

Change in contingent purchase price payable

-

-

-

-

-899

-4,186

-468

-

-

-

-

Equity (gain)/loss in unconsolidated affiliates

3,200

-1,543

-454

-27

272

-

-

-719

-1,271

-

-

Gain on the sale of joint venture interest

-

-

-

-

-

1,908

-

185

-

-

-

Share-based compensation

17,559

19,694

19,665

16,901

15,576

12,224

9,953

7,738

5,200

3,314

1,891

Tax benefit from exercise/vesting of equity awards

-

-

-

-

-

-

2,915

1,870

-809

-

-

Deferred financing charges and debt discount amortization

10,491

10,052

10,890

5,157

845

895

751

500

425

844

591

Deferred income taxes

319

5,404

4,078

-7,319

3,590

863

754

-1,191

3,568

6,125

-2,984

Changes in operating assets and liabilities:
Accounts receivable, net

28,003

207,877

29,947

29,310

23,616

37,568

-18,611

8,249

24,169

64,885

3,761

Inventories

-24,465

23,568

68,775

-12,633

59,908

69,765

35,584

16,862

48,526

85,118

3,265

Income taxes, net

-621

-3,866

11,284

14,233

-16,833

289

-18,766

6,114

6,171

-10,833

5,652

Prepaid expenses and other current assets

-15,929

47,959

3,877

6,300

-725

2,563

1,434

3,824

1,324

2,935

375

Other assets, net

731

6,237

-10,991

10,863

97

1,494

14,972

2,833

-64

1,055

456

Customer refund liabilities

10,172

-177,144

-

-

-

-

-

-

-

-

-

Operating lease liabilities

-79,843

-

-

-

-

-

-

-

-

-

-

Accounts payable, accrued expenses and other liabilities

-18,564

-328

10,683

12,436

14,835

64,105

38,585

7,927

6,194

63,479

9,608

Net cash provided by operating activities

209,021

103,829

79,734

105,695

74,296

88,639

84,593

54,494

6,776

-28,649

43,999

Cash flows from investing activities
Operating lease assets initial direct costs

2,104

-

-

-

-

-

-

-

-

-

-

Capital expenditures

37,990

29,205

34,507

24,928

42,172

42,566

29,283

11,615

17,410

19,407

1,477

Acquisition, net of cash acquired

-

-

-

465,403

-

-

49,129

80,252

-

-

-

Investment in unconsolidated affiliate

-

9,951

49

35,432

25,490

-

-

-

-

-

-

Return of capital from unconsolidated affiliate

-

1,470

-

-

-

-

-

-

-

-

-

Proceeds from sale of interest in joint venture, net

-

-

-

-

-

2,695

-

1,885

3,650

-

-

Proceeds from sale of a retail store

-

354

644

-

-

516

-

-

-

-

-

Contingent purchase price paid

-

-

-

-

-

-

-

-

-

-

5,541

Net cash used in investing activities

-40,094

-37,332

-33,912

-525,763

-67,662

-39,355

-78,412

-89,982

-21,060

-19,407

-7,018

Cash flows from financing activities
Repayment of borrowings old revolving credit facility

-

-

-

20,344

-

48,039

16,157

34,950

30,050

-

-29,048

Repayment of borrowings - revolving credit facility

2,388,766

2,315,935

2,018,892

413,282

-

-

-

-

-

-

-

Proceeds from borrowings - revolving credit facility

2,388,766

2,303,932

1,939,774

524,748

-

-

-

-

-

-

-

Proceeds from sale of common stock, net

-

-

-

-

-

128,686

-

-

-

-

34,657

Proceeds from term loan, net

-

-

-

283,204

-

-

-

-

-

-

-

Repayment of borrowings - unsecured term loan

504

-

-

-

-

17,721

-

-

-

-

-

Proceeds from borrowings - unsecured term loan

3,362

-

-

-

-

-

-

-

-

-

-

Noncontrolling interest investment, net

-

-

-

-

-

0

2,399

-883

-

-

-

Loss attributable to noncontrolling interest

-

-

-

-

-

-

-

306

-

-

-

Proceeds from exercise of stock warrants

-

-

-

-

-

-

-

-

-

4,129

-

Proceeds from exercise of equity awards

115

101

1,578

260

417

729

1,906

1,425

619

2,786

1,188

Purchase of treasury shares

35,200

20,300

-

-

-

-

-

-

2,929

-

-

Taxes paid for net share settlements

12,239

5,738

6,114

6,955

-

4,316

1,062

-

-

-

296

Excess tax benefit from exercise/vesting of equity awards

-

-

-

-

-

-

2,915

1,870

1,136

4,356

859

Net cash used in financing activities

-44,482

-37,951

-83,654

367,631

417

59,339

-9,999

37,668

28,876

11,271

7,360

Foreign currency translation adjustments

2,789

-4,184

3,651

-193

-2,818

-2,360

-1,451

520

23

17

-36

Net increase (decrease) in cash and cash equivalents

127,234

24,362

-34,181

-52,630

4,233

106,263

-5,269

2,700

14,615

-36,768

44,305

Supplemental disclosures of cash flow information:
Cash payments:
Interest, net

34,311

35,807

31,644

21,773

5,544

7,048

8,500

9,996

5,228

4,145

5,002

Income tax payments, net

39,020

44,045

32,934

18,915

68,067

51,630

65,076

28,615

18,243

36,548

8,085

Non-cash investing and financing activities:
Shares of common stock issued to LVMH in connection with the acquisition of DKI

-

-

-

75,000

-

-

-

-

-

-

-

Note issued to LVMH in connection with the acquisition of DKI

-

-

-

125,000

-

-

-

19,778

-

-

-

Contingent consideration in connection with the acquisition of Vilebrequin

-

-

-

-

-

-

-

5,787

-

-

-