P. h. glatfelter company (GLT)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Operating activities
Net income

-19,421

-21,541

-56,751

-164,804

-178,034

-177,604

-107,592

342

2,027

7,914

1,814

9,310

16,989

21,554

72,032

65,935

66,818

64,575

49,834

66,702

68,523

69,246

66,166

69,913

66,177

67,158

57,651

43,631

56,130

59,379

62,150

55,077

44,146

42,694

0

0

0

Income from discontinued operations, net of taxes

-

3,670

-73,001

-171,708

-179,925

-177,156

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments to reconcile to net cash provided (used) by continuing operations:
Depreciation, depletion and amortization

53,414

50,800

50,900

49,800

48,952

47,500

46,524

30,333

36,154

42,100

19,838

40,843

39,923

39,287

65,538

65,045

63,907

63,236

64,431

65,264

67,915

70,555

71,715

73,065

71,453

68,196

68,405

67,471

67,772

69,500

68,657

69,109

69,522

69,313

0

0

0

Amortization of debt issue costs and original issue discount

583

1,672

1,814

1,959

2,105

1,159

1,159

1,159

1,158

1,157

1,157

1,157

1,152

1,153

1,155

1,159

1,159

1,184

0

0

0

-

-

-

1,306

1,305

3,241

3,218

3,200

3,177

7,750

8,115

8,478

8,838

0

0

0

Pension expense, net of unfunded benefits paid

-

-

-

-

-

-

-

-

-

-

-

0

11,341

-

4,750

5,648

5,687

7,383

6,139

5,542

6,457

5,173

7,716

9,684

10,389

12,787

12,362

11,719

11,217

10,427

2,167

3,535

2,672

2,127

0

0

0

Deferred income tax benefit

-24,343

-22,971

-1,797

-4,410

-5,693

-7,704

7,770

6,742

7,048

12,003

-35,127

-33,664

-38,892

-38,160

-4,125

-7,075

-552

-1,902

-7,028

-4,194

-6,149

-9,419

-5,043

-13,238

-14,575

-11,485

-2,213

22,860

-348

-2,209

-23,650

-35,623

-3,056

333

0

0

0

Gains on dispositions of plant, equipment and timberlands, net

-

2,100

2,700

2,700

2,853

3,300

1,932

1,874

1,348

200

83

-64

-124

-116

18,194

18,322

18,435

21,113

3,868

5,335

6,706

4,861

5,233

3,925

2,462

1,726

1,718

2,909

9,851

9,815

8,519

7,744

812

3,950

0

0

0

Share-based compensation

4,191

3,583

4,377

4,421

4,924

6,288

5,757

6,043

5,687

5,494

5,595

5,635

5,913

5,482

5,960

6,384

6,714

7,244

7,550

7,905

7,762

7,859

7,625

7,367

7,303

7,337

7,039

6,771

6,766

6,520

6,465

6,238

5,949

5,762

0

0

0

Change in operating assets and liabilities
Accounts receivable

2,312

5,473

-4,369

2,834

5,271

621

-1,556

6,428

-1,600

4,148

5,353

6,195

15,993

2,155

4,667

1,000

-3,032

13,312

-8,552

2,382

8,145

5,404

12,809

4,574

-7,471

777

912

10,608

9,521

3,379

5,900

-9,418

-15,074

-3,771

0

0

0

Inventories

7,842

17,387

15,552

22,611

30,311

32,138

34,741

22,768

3,631

-1,522

-8,854

-2,553

9,011

4,992

20,237

11,740

9,210

8,054

7,188

8,282

14,509

21,456

24,503

21,150

6,875

-2,704

-8,770

-10,622

4,989

12,615

14,304

11,799

12,701

7,280

0

0

0

Prepaid and other current assets

999

2,833

4,949

9,205

4,258

3,372

565

-41

5,843

910

347

2,820

-2,378

1,272

-881

-7,021

-5,795

-5,506

734

-1,738

3,460

3,521

-939

3,041

3,250

-7,965

5,904

13,341

8,777

14,952

-7,380

-13,258

-5,710

-2,115

0

0

0

Accounts payable

-3,334

10,337

10,446

8,485

12,579

13,774

12,243

15,141

20,719

20,361

15,217

9,527

18,118

-544

10,819

24,004

18,350

26,042

26,962

11,706

-6,252

-4,175

-5,819

595

16,501

24,822

8,989

4,485

11,269

6,953

11,703

5,168

1,355

13,606

0

0

0

Environmental liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

0

Accruals and other current liabilities

-6,511

-19,536

-33,643

-29,771

-41,598

-23,984

-10,166

-16,762

-6,158

-16,690

27,232

28,594

36,268

40,245

2,891

331

-3,591

-2,186

-1,408

1,080

-4,480

-12,802

-5,292

-1,530

2,077

3,140

-3,886

2,384

12,166

8,406

19,624

1,957

-7,999

-2,516

0

0

0

Cellulosic biofuel and alternative fuel mixture credits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-9,387

7,403

7,403

17,833

0

0

0

Other

-3,582

-3,167

3,725

1,494

3,484

3,175

-801

547

964

1,824

-891

-3,381

-5,799

-6,095

-5,854

-6,280

-2,155

-3,940

-3,016

-2,192

-6,422

-3,805

676

10,436

7,885

7,791

1,229

6,385

8,746

8,546

16,351

3,503

13,247

12,282

0

0

0

Net cash (used) provided by operating activities from continuing operations

121,377

102,835

25,854

-1,364

-22,948

-5,952

16,521

597

38,524

53,234

-7,858

23,202

27,198

31,078

122,657

144,870

143,029

133,743

148,720

146,456

111,942

99,577

99,322

104,042

147,630

173,635

160,074

132,541

118,898

112,846

107,636

120,526

122,437

140,307

0

0

0

Investing activities
Expenditures for purchases of plant, equipment and timberlands

28,914

27,765

27,991

26,825

27,926

42,129

54,960

35,673

64,068

80,783

2,192

51,818

54,651

61,162

142,557

135,705

121,434

99,889

93,290

80,465

73,360

66,046

63,994

72,380

86,091

103,047

99,814

88,988

75,991

58,752

64,876

67,201

70,555

64,491

0

0

0

Proceeds from disposals of plant, equipment and timberlands, net

-

2,198

2,752

2,774

2,994

3,462

0

0

0

-

-

-

-

29

21,333

21,461

21,766

24,459

4,202

5,763

6,959

5,072

5,619

4,215

2,713

1,947

1,776

3,175

10,296

10,272

8,924

8,240

1,135

4,491

0

0

0

Acquisition, net of cash acquired

-

1,383

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

163

163

90

130

68

0

0

0

-

-

-

-

800

400

300

300

1,600

0

0

0

-

-

-

-

425

0

0

0

-

-

-

-

-

-

-

-

Net cash used by investing activities from continuing operations

-26,887

-27,113

-206,281

-205,020

-205,941

-217,640

-53,089

-34,045

-62,964

-80,808

-2,509

-52,259

-55,155

-61,933

-121,624

-114,768

-100,192

-77,254

-98,927

-84,817

-76,616

-69,589

-59,075

-68,465

-294,539

-312,436

-309,349

-297,174

-66,095

-48,705

-12,932

-15,791

-26,250

-16,830

0

0

0

Financing activities
Net (repayments) borrowings under revolving credit facility

-14,122

-28,062

-260,390

-121,400

-92,322

-55,446

187,663

87,860

96,588

109,436

0

0

0

-

-

-

-

-

-

-

-

-30,720

0

0

0

-

-

-

-

-27,000

0

0

0

-

-

-

-

Repayment of 5.375% Notes

-

-250,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from term loans

-

248,644

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of borrowing costs

-

2,204

0

0

0

-

-

-

-

-

-

-

-

-

-

136

372

1,329

0

0

0

-

-

-

-

419

0

0

0

-

-

-

-

-

-

-

-

Repayment of term loans

17,103

16,660

13,716

10,748

10,813

11,069

11,197

10,890

10,483

9,771

11,349

8,930

8,469

8,205

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net repayments of other short term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Repurchases of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,180

0

0

0

-

-

-

-

5,675

0

0

0

-

-

-

-

Payments of dividends

22,968

22,936

22,890

22,844

22,801

22,760

22,739

22,718

22,704

22,480

22,260

22,040

21,813

21,589

21,362

21,130

20,900

20,443

19,976

19,524

19,107

18,696

18,297

17,884

17,423

16,965

16,515

16,053

15,615

15,608

15,729

16,015

16,303

16,611

0

0

0

Proceeds from government grants

-

-

-

-

-

-

-

-

-

-

-

-

-

2,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments related to share-based compensation awards and other

-1,370

-1,556

-1,898

-1,926

-1,830

-2,151

-1,352

-1,340

-1,325

-472

-128

-126

-351

-990

-990

-991

-1,358

-2,015

-2,128

-2,061

-2,504

-1,877

-1,103

-1,155

-1,866

-1,671

-1,120

-288

1,458

2,673

1,825

978

867

232

0

0

0

Net cash provided by financing activities from continuing operations

-56,010

-72,774

-302,420

-160,444

-130,879

-91,426

152,375

52,912

62,076

76,713

63,079

48,991

27,976

-6,601

-23,096

-36,329

-44,924

-48,016

-26,820

-20,131

-33,743

-50,881

-49,708

-53,622

143,446

163,175

183,784

185,481

-615

-5,489

-163,042

-186,430

-185,306

-180,140

0

0

0

Effect of exchange rate changes on cash

-548

-269

-3,427

-2,625

-8,680

-5,564

-2,135

282

9,176

7,244

3,055

1,317

-2,713

-2,063

-850

-1,003

779

-3,006

-2,963

-3,762

-4,798

-2,152

-519

1,306

1,808

829

804

470

-647

750

-1,591

-3,164

-1,919

-848

0

0

0

Net decrease in cash, cash equivalents and restricted cash

37,932

2,679

-486,274

-369,453

-368,448

-320,582

113,672

19,746

46,812

56,383

55,767

21,251

-2,694

-39,519

-22,913

-7,230

-1,308

5,467

20,010

37,746

-3,215

-23,045

-9,980

-16,739

-1,655

25,203

35,313

21,318

51,541

59,402

-69,929

-84,859

-91,038

-57,511

0

0

0

Change in cash, cash equivalents and restricted cash from discontinued operations

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: restricted cash included in "Prepaid expenses and other current assets"

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in cash and cash equivalents from discontinued operations

-

-

-

-

-

347,048

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental cash flow information
Interest

5,662

10,208

0

0

0

-

-

-

-

13,934

12,380

13,536

13,054

13,235

14,689

15,484

15,912

16,256

16,627

16,913

17,212

17,643

17,802

18,406

18,335

17,231

15,915

14,611

14,313

14,400

20,246

20,265

24,138

24,191

0

0

0

Income taxes, net

14,732

14,242

14,911

15,524

15,171

15,171

12,770

11,947

10,098

9,336

9,978

9,727

11,026

14,020

12,892

14,101

15,716

15,849

18,777

18,050

23,832

24,139

24,682

26,445

24,958

15,588

29,394

27,909

35,299

44,657

27,200

24,776

12,539

-8,344

0

0

0