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

143,837

142,629

141,267

140,225

138,067

113,445

101,045

82,400

62,124

42,562

31,501

38,776

51,938

80,006

96,598

110,344

114,333

128,589

121,206

114,662

108,991

99,445

79,029

76,458

76,402

71,625

60,481

58,449

56,569

53,692

49,034

49,293

49,620

0

0

0

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

38,735

38,914

39,246

38,912

38,819

39,171

36,044

37,325

37,783

37,063

38,190

35,126

32,481

30,077

28,656

26,898

25,392

23,817

22,794

21,834

20,374

18,923

16,494

14,782

13,676

12,500

12,151

11,009

9,941

9,186

8,250

8,002

7,473

0

0

0

Loss on disposal of fixed assets

-2,500

-1,317

-1,213

-1,229

-128

-244

-2,728

-2,791

-2,922

-4,738

-2,883

-3,236

-3,201

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash operating lease costs

-73,273

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on lease terminations

2,415

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividend received from unconsolidated affiliate

3,675

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity (gain)/loss in unconsolidated affiliates

3,200

2,126

1,141

154

-1,543

-1,335

-1,119

-641

-454

253

-1,796

-1,448

-27

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-719

-1,165

-1,229

-1,458

-1,271

0

0

0

Share-based compensation

17,559

18,475

19,603

20,147

19,694

19,179

18,843

18,484

19,665

18,998

18,135

17,383

16,901

17,411

16,970

16,424

15,576

15,223

14,078

12,926

12,224

11,558

11,626

10,896

9,953

10,071

8,881

8,207

7,738

6,077

6,125

5,788

5,200

0

0

0

Tax benefit from exercise/vesting of equity awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,532

12,895

9,194

2,915

-1,508

-1,626

611

1,870

-1,324

-1,270

-1,249

-809

0

0

0

Deferred financing charges and debt discount amortization

10,491

9,157

9,645

10,180

10,052

10,186

10,380

9,579

10,890

12,733

10,230

8,752

5,157

847

847

847

845

845

845

897

895

843

885

766

751

785

716

606

500

340

240

322

425

0

0

0

Deferred income taxes

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable, net

28,003

79,441

17,011

49,526

207,877

218,460

160,164

172,275

29,947

50,702

30,981

29,537

29,310

-376

4,445

4,767

23,616

85,796

46,644

63,396

37,568

53,381

28,561

-7,322

-18,611

34,266

-29,626

-32,005

8,249

-12,396

13,275

48,312

24,169

0

0

0

Inventories

-24,465

34,506

163,683

76,322

23,568

23,803

23,237

16,038

68,775

90,665

74,006

28,921

-12,633

-19,805

-35,236

35,008

59,908

74,810

74,828

52,676

69,765

73,000

84,763

37,219

35,584

15,095

59,433

22,983

16,862

24,365

14,002

41,004

48,526

0

0

0

Income taxes, net

-621

4,241

1,793

-3,330

-3,866

2,218

16,343

14,652

11,284

-4,720

5,309

5,330

14,233

-19,757

-29,183

-15,622

-16,833

20,850

16,529

7,497

289

-6,604

-13,670

-14,068

-18,766

3,483

-3,973

-1,510

6,114

3,498

2,839

2,226

6,171

0

0

0

Prepaid expenses and other current assets

-15,929

-5,277

-8,758

-14,599

47,959

50,149

45,739

57,708

3,877

-163

6,836

10,523

6,300

1,533

2,956

4,247

-725

-2,697

-6,062

-3,564

2,563

1,616

1,151

2,213

1,434

-949

7,502

5,590

3,824

3,714

2,331

463

1,324

0

0

0

Other assets, net

731

2,050

4,974

3,271

6,237

2,033

-1,366

-6,481

-10,991

2,129

3,316

10,030

10,863

-308

-503

-635

97

-3,087

574

674

1,494

9,609

4,287

5,369

14,972

9,670

15,142

14,464

2,833

3,830

28

-31

-64

0

0

0

Customer refund liabilities

10,172

-24,640

25,135

4,236

-177,144

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

-79,843

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable, accrued expenses and other liabilities

-18,564

-7,106

40,436

6,268

-328

11,925

-3,417

-1,331

10,683

3,723

34,288

36,440

12,436

11,230

-38,433

13,458

14,835

24,113

65,582

14,131

64,105

94,149

74,818

52,985

38,585

17,865

26,080

14,454

7,927

29,564

41,565

16,169

6,194

0

0

0

Net cash provided by operating activities

209,021

119,767

56,401

102,815

103,829

89,219

108,615

88,639

79,734

-22,646

30,354

70,641

105,695

141,805

106,345

111,886

74,296

66,355

124,163

56,206

88,639

58,293

37,811

95,432

84,593

58,577

52,421

78,629

54,494

88,716

84,484

-1,673

6,776

0

0

0

Capital expenditures

37,990

41,592

35,281

37,166

29,205

32,595

35,351

34,108

34,507

27,956

22,922

24,561

24,928

26,257

38,189

40,578

42,172

42,989

37,799

40,131

42,566

47,461

39,970

34,829

29,283

20,337

17,777

14,288

11,615

11,465

13,912

16,265

17,410

0

0

0

Investment in unconsolidated affiliate

-

-

-

-

-

-

-

-

-

-

-

-

35,432

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of interest in joint venture, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,550

3,650

0

0

0

Net cash used in investing activities

-40,094

-41,782

-45,348

-45,293

-37,332

-41,902

-34,756

-33,513

-33,912

-493,408

-488,325

-489,964

-525,763

-61,689

-73,621

-101,500

-67,662

-68,480

-60,078

-36,920

-39,355

-93,378

-89,099

-83,958

-78,412

-20,350

-96,144

-92,405

-89,982

-90,119

-15,062

-18,815

-21,060

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,157

-49,311

35,085

-6,985

34,950

0

0

0

-

-

-

-

Repayment of borrowings - revolving credit facility

2,388,766

2,397,873

2,359,188

2,333,978

2,315,935

2,231,208

2,209,639

2,127,665

2,018,892

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from borrowings - revolving credit facility

2,388,766

2,368,154

2,407,762

2,289,110

2,303,932

2,191,159

2,127,110

2,075,044

1,939,774

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncontrolling interest investment, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Loss attributable to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Proceeds from exercise of equity awards

115

161

161

85

101

102

1,212

1,465

1,578

1,532

426

182

260

301

297

361

417

440

465

474

729

1,555

1,786

2,228

1,906

1,259

1,916

1,503

1,425

1,285

395

283

619

0

0

0

Proceeds from notes payable, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

0

0

Taxes paid for net share settlements

12,239

9,262

12,006

10,339

5,738

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

4,316

4,373

4,432

4,432

1,062

0

0

0

-

-

-

-

-

-

-

-

Excess tax benefit from exercise/vesting of equity awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,367

5,388

5,913

2,915

2,676

3,465

2,216

1,870

899

449

649

1,136

0

0

0

Net cash used in financing activities

-44,482

-91,305

-15,561

-75,433

-37,951

-44,790

-88,522

-58,355

-83,654

537,627

472,635

396,430

367,631

-87,850

-7,217

361

417

11,483

-62,473

44,531

59,339

54,850

56,966

-6,643

-9,999

-47,362

38,091

-4,704

37,668

24,527

-55,337

46,076

28,876

0

0

0

Foreign currency translation adjustments

2,789

3,041

1,770

-4,825

-4,184

-4,676

-1,813

7,143

3,651

1,660

-832

-5,421

-193

-1,568

633

-1,007

-2,818

-4,218

-4,336

-1,719

-2,360

-418

-598

-1,841

-1,451

-700

-567

764

520

283

2

47

23

0

0

0

Net increase (decrease) in cash and cash equivalents

127,234

-10,279

-2,738

-22,736

24,362

-2,149

-16,476

3,914

-34,181

23,233

13,832

-28,314

-52,630

-9,302

26,140

9,740

4,233

5,140

-2,724

62,098

106,263

19,347

5,080

2,990

-5,269

-9,835

-6,199

-17,716

2,700

23,563

14,087

25,635

14,615

0

0

0

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

34,311

35,558

34,894

36,771

35,807

33,051

32,064

31,017

31,644

43,274

36,253

28,039

21,773

5,267

5,507

5,734

5,544

5,174

5,778

6,589

7,048

7,694

8,144

7,903

8,500

8,322

11,505

10,812

9,996

9,658

5,939

5,655

5,228

0

0

0

Income tax payments, net

39,020

37,979

38,371

42,959

44,045

48,411

47,650

40,884

32,934

31,013

18,789

18,123

18,915

53,330

65,438

65,035

68,067

53,687

50,861

51,379

51,630

54,777

57,475

58,169

65,076

39,193

39,051

37,158

28,615

21,976

21,349

21,877

18,243

0

0

0