HERBALIFE NUTRITION LTD. HLF Cash Flow

Herbalife nutrition ltd. (HLF)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
Cash flows from operating activities:
Net income
311,000	296,600	213,900	260,000	339,100	308,700	527,500	464,000	414,959	292,883	203,346	221,190
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
97,700	100,400	99,800	98,300	98,000	93,200	84,700	74,400	71,853	68,621	62,437	48,732
Excess tax benefits from share-based payment arrangements
-	-	-	-	-	10,400	15,600	29,700	26,241	8,937	3,266	14,602
Share-based compensation expenses
38,600	35,500	42,100	40,200	44,900	45,700	29,500	27,900	24,133	22,969	20,907	17,788
Non-cash interest expense
43,700	63,800	60,200	55,700	56,200	43,500	2,600	1,800	1,007	500	491	481
Deferred income taxes
15,400	-8,100	97,800	-36,400	-38,200	-84,800	-24,900	-7,800	-21,271	-33,338	-11,226	-4,103
Inventory write-downs
19,100	17,400	20,700	15,800	25,300	24,500	29,800	11,400	-	-	-	-
Foreign exchange loss and other charges relating to Venezuela
-	-	-	-	-	227,800	15,100	-	-	15,131	-	-
Foreign exchange transaction loss
-2,100	-8,000	-2,400	-3,700	-26,600	6,200	-5,800	-2,100	-9,403	7,142	-4,809	-15,243
Loss on extinguishment of debt
-	-48,500	-	-	-	-	-	-	-	-	-	-
Write-off of deferred financing costs
-	-	-	-	-	-	-	-	914	-	-	-
Other
7,900	-7,100	-1,900	11,700	-10,800	-6,100	-600	-700	-2,206	-2,527	-340	1,963
Changes in operating assets and liabilities:
Receivables
14,400	-2,800	22,200	-	6,200	-6,000	-9,200	28,200	9,687	7,593	-2,361	18,529
Inventories
68,600	83,300	-37,900	71,600	30,500	99,400	54,800	93,600	84,880	31,516	1,742	27,572
Prepaid expenses and other current assets
-28,300	5,100	-38,300	-800	-19,800	34,900	9,400	-200	-3,229	-10,254	7,781	23,966
Other assets
-	-	-	-	-	36,700	9,400	5,300	13,864	3,485	-2,109	-1,800
Accounts payable
100	21,700	-5,000	-1,300	6,000	-5,200	10,800	17,000	15,427	6,650	-9,500	8,922
Royalty overrides
11,500	22,800	6,000	20,900	21,600	6,700	28,800	41,900	44,041	15,732	9,102	13,375
Other current liabilities
-5,500	106,800	-17,100	12,400	73,500	-	-	-	-	-	-	-
Other
13,600	-13,500	-14,100	19,500	18,200	-	-	-	-	-	-	-
Accrued expenses and accrued compensation
-	-	-	-	-	-11,500	86,000	39,400	28,749	31,092	-3,461	12,412
Advance sales deposits
-	-	-	-	-	10,400	22,000	17,800	-1,538	12,439	8,779	1,917
Income taxes
-	-	-	-	-	22,200	26,800	28,000	48,565	-2,450	4,700	24,191
Income taxes payable
-	-	-	-	-	-	-	-	-	-	-	73,939
Deferred compensation plan liability
-	-	-	-	-	5,700	7,800	5,800	3,535	3,538	2,651	-6,254
Net cash provided by operating activities
457,500	648,400	590,800	367,300	628,700	511,400	772,900	567,800	510,540	387,875	285,056	272,988
Cash flows from investing activities:
Purchases of property, plant, and equipment
106,100	84,000	95,500	143,400	79,000	173,700	146,900	121,500	90,408	68,125	59,768	88,601
Proceeds from sale of property, plant and equipment
-	-	-	-	-	-	200	300	297	115	102	76
Investments in Venezuelan bonds
-	-	-	-	100	12,600	4,100	-	-	-	-	-
Deferred compensation plan assets
-	-	-	-	-	-	-	3,800	1,975	1,126	1,656	-3,561
Deposit in escrow
-	-	-	-	-	15,000	-	-	-	-	-	-
Other
1,900	-100	-300	-1,000	-5,700	-	-	-	-	-	-	-
Acquisition of business
-	-	-	-	-	-	-	-	-	-	10,000	-
Net cash used in investing activities
-108,000	-83,900	-95,200	-142,400	-73,400	-201,300	-150,800	-125,000	-92,086	-69,136	-71,322	-84,964
Cash flows from financing activities:
Dividends paid
-	-	-	-	-	30,400	123,100	135,100	85,489	53,740	48,721	50,700
Dividends received
-	-	-	-	-	3,400	-	-	-	-	-	-
Payments for Capped Call Transactions
-	-	-	-	-	123,800	-	-	-	-	-	-
Borrowings from senior secured credit facility, net of discount
-	998,100	1,274,000	200,000	-	50,000	763,100	1,430,600	914,200	427,000	211,974	118,000
Principal payments on senior secured credit facility and other debt
24,500	1,237,400	494,500	438,800	227,600	131,300	319,400	1,146,500	888,865	499,451	313,089	167,481
Proceeds from convertible senior notes
-	550,000	-	-	-	1,150,000	-	-	-	-	-	-
Repayment of convertible senior notes
675,000	582,500	-	-	-	-	-	-	-	-	-	-
Proceeds from senior notes
-	400,000	-	-	-	-	-	-	-	-	-	-
Debt issuance costs
-	29,900	22,600	-	6,200	-	-	-	-	-	-	-
Issuance costs relating to long-term debt and senior convertible notes
-	-	-	-	-	28,900	-	4,500	5,718	-	-	75
Share repurchases
16,700	750,300	844,200	13,200	16,600	1,291,900	306,500	556,800	321,639	160,008	74,641	138,921
Proceeds from settlement of capped call transactions
-	55,900	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from share-based payment arrangements
-	-	-	-	-	10,400	15,600	29,700	26,241	8,937	3,266	14,602
Proceeds from exercise of stock options and sale of stock under employee stock purchase plan
-	-	-	-	-	-	1,000	11,400	22,262	15,309	7,884	19,508
Other
3,200	3,000	2,100	-300	400	3,000	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-713,000	-593,100	-85,200	-252,300	-250,000	-389,500	30,700	-371,200	-339,008	-261,953	-213,327	-205,067
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
-4,000	-51,900	28,200	-20,100	-60,900	-248,200	-13,300	3,100	-11,221	-17,037	-453	-19,517
Net change in cash, cash equivalents, and restricted cash
-367,500	-80,500	438,600	-47,500	244,400	-327,600	639,500	74,700	68,225	39,749	-46	-36,560
Cash paid during the year:
Interest paid
114,300	106,100	100,700	45,400	50,500	39,200	23,000	14,300	8,800	9,295	10,011	17,735
Income taxes paid
147,900	158,900	158,800	162,900	168,400	180,800	197,100	169,700	118,906	111,497	95,139	-
NON CASH INVESTING ACTIVITIES
Accrued capital expenditures
-	-	-	-	-	-	-	15,300	9,054	-	-	-
Assets acquired under capital leases and other long-term debt
-	-	-	-	-	-	-	-	-	-	-	36,048