HERBALIFE NUTRITION LTD. HLF Cash Flow

Herbalife nutrition ltd. (HLF)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net income
45,600	56,700	81,500	76,500	96,300	48,900	71,200	94,400	82,100	-63,400	54,500	137,600	85,200	99,400	87,700	-22,900	95,800	84,500	93,600	82,800	78,200	103,300	11,200	119,600	74,600	123,515	141,950	143,162	118,873	112,245	111,873	131,951	107,931	107,738	108,022	111,180	88,019	79,953	78,884	82,175	51,871
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
24,200	24,300	24,400	24,600	24,400	24,400	25,200	25,200	25,600	26,000	25,200	24,100	24,500	25,700	24,700	24,000	23,900	25,400	24,600	25,100	22,900	24,000	24,400	23,500	21,300	21,493	20,897	21,346	20,964	18,998	18,789	18,023	18,590	17,413	17,783	18,095	18,562	16,866	17,352	17,141	17,262
Excess tax benefits from share-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-1,000	2,500	6,200	-2,500	3,500	3,200	18,186	-2,601	-432	447	1,627	861	6,537	20,675	2,211	4,486	13,201	6,343	2,365	2,109	1,857	2,606
Share-based compensation expenses
10,300	8,900	9,200	9,900	10,600	3,700	11,600	10,400	9,800	9,500	9,900	11,400	11,300	9,900	9,800	10,700	9,800	10,700	10,300	12,800	11,100	11,300	11,000	12,400	11,000	7,618	6,629	7,387	7,866	7,050	8,353	5,270	7,227	6,889	6,141	5,499	5,604	6,099	6,050	5,525	5,295
Non-cash interest expense
6,300	6,200	9,900	13,700	13,900	14,400	15,000	18,700	15,700	15,400	15,300	15,100	14,400	13,700	13,300	13,100	15,600	16,400	14,300	13,300	12,200	12,300	12,200	11,800	7,200	663	642	645	650	665	563	286	286	286	286	286	149	126	126	124	124
Deferred income taxes
7,400	7,400	4,100	3,500	400	-14,100	4,000	-1,300	3,300	101,900	-4,800	3,900	-3,200	2,000	-17,200	-18,000	-3,200	-36,700	1,000	-3,800	1,300	-25,800	-51,200	-5,500	-2,300	-17,368	407	-4,166	-3,773	449	227	-7,879	-597	-14,271	-7,671	201	470	-16,349	-1,936	-1,382	-13,671
Inventory write-downs
3,600	1,200	6,200	6,400	5,300	3,500	700	1,100	12,100	3,000	6,500	6,600	4,600	-900	5,500	3,900	7,300	3,000	4,600	12,800	4,900	6,800	5,300	1,400	11,000	12,264	7,088	3,894	6,554	-	-	-	-	-	-	-	-	-	-	-	-
Foreign exchange loss and other charges relating to Venezuela
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	300	600	36,300	27,500	114,200	0	86,100	-16	0	0	15,116	-	-	-	-	-	-	-	-	30,262	0	-30,262	15,131
Foreign exchange transaction loss
-8,500	1,900	1,000	-500	-4,500	2,400	-6,500	-3,400	-500	1,600	-3,100	-1,300	400	-	-	-	700	-38,500	-400	-6,000	18,300	10,200	-1,500	900	-3,400	-5,215	-629	-10,927	10,971	-5,629	-1,380	1,041	3,868	-1,079	-2,872	-4,069	-1,383	-394	-4,809	9,737	2,608
Loss on extinguishment of debt
-	-	-	-	-	0	-35,400	0	-13,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Write-off of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	914	-	-	-	-
Impairments and write-downs relating to Venezuela currency devaluation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,300	0	3,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
5,000	-2,500	-1,400	5,000	6,800	4,200	5,500	-4,400	-12,400	-3,000	-2,200	2,300	1,000	7,900	2,700	2,200	-1,100	-1,900	400	-4,700	-4,600	-3,000	-2,600	800	-1,300	1,061	-2,335	-216	890	-528	-52	271	-391	-823	-484	-148	-751	384	-1,292	-2,697	1,078
Changes in operating assets and liabilities:
Receivables
7,800	-21,300	6,700	5,900	23,100	-28,700	4,100	5,700	16,100	-300	4,700	-10,100	27,900	-	-5,800	3,100	17,300	-18,900	700	10,000	14,400	-11,400	4,200	-16,800	18,000	-7,576	-1,936	3,528	-3,216	1,756	5,127	6,558	14,759	-22,147	4,868	6,473	20,493	-6,372	2,349	-432	12,048
Inventories
7,400	5,100	12,700	22,900	27,900	42,800	38,500	10,400	-8,400	-8,700	-24,000	2,100	-7,300	14,900	56,500	-2,400	2,600	27,300	19,700	-1,500	-15,000	40,700	56,300	16,600	-14,200	17,489	23,217	12,552	1,542	34,895	44,229	24,218	-9,742	33,231	25,160	30,673	-4,184	-1,405	20,749	12,646	-474
Prepaid expenses and other current assets
18,100	-25,600	11,900	12,300	-26,900	-47,100	22,300	18,000	11,900	-41,900	9,600	19,100	-25,100	-15,700	200	20,100	-5,400	-19,400	6,000	4,400	-10,800	-24,300	8,500	26,900	23,800	-5,930	2,180	4,950	8,200	-8,177	-1,390	5,338	4,029	-6,962	-2,658	-7,191	13,582	-4,510	-20,843	10,742	4,357
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,700	3,900	6,200	27,900	4,200	-600	5,200	8,722	144	519	15	2,202	-26	2,219	905	9,122	-235	4,726	251	1,157	99	2,158	71
Accounts payable
2,900	3,000	-2,600	-2,300	2,000	-3,500	1,400	7,400	16,400	3,200	-18,500	5,300	5,000	-18,800	100	14,600	2,800	-12,300	1,500	17,900	-1,100	-20,600	2,400	6,800	6,200	2,231	3,983	-314	4,900	-5,674	-274	11,452	11,496	-4,057	73	10,550	8,861	-6,202	-929	-5,530	19,311
Royalty overrides
-22,900	5,600	22,500	4,900	-21,500	8,600	22,100	4,700	-12,600	12,700	16,600	-4,500	-18,800	6,800	15,500	9,000	-10,400	16,000	14,900	13,700	-23,000	2,300	16,500	-8,400	-3,700	14,841	16,010	19,421	-21,472	19,468	14,500	10,234	-2,302	10,190	16,978	9,533	7,340	12,131	2,529	8,153	-7,081
Other current liabilities
92,900	12,500	63,300	-9,100	-72,200	24,500	35,800	50,200	-3,700	27,900	3,700	-93,300	44,600	-11,900	-212,100	228,100	8,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-1,200	11,600	1,500	6,200	-5,700	-1,900	-6,300	-4,200	-1,100	2,100	-3,900	-7,500	-4,800	21,100	-6,700	10,400	-5,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses and accrued compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,600	27,600	22,500	-23,300	-4,900	29,200	-12,500	20,132	22,107	59,278	-15,517	19,372	23,544	13,857	-17,373	21,170	10,574	18,127	-21,122	19,470	5,952	19,692	-14,022
Advance sales deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8,500	15,500	16,300	-17,100	6,600	3,500	17,400	-5,038	22,557	8,338	-3,857	10,416	2,185	-3,863	9,062	-28,954	1,093	5,325	20,998	-19,960	1,462	4,196	26,741
Income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-16,000	-10,600	33,900	-3,500	-7,300	-900	40,113	-767	-35,643	23,097	-1,118	8,457	3,941	16,720	12,651	19,487	6,933	9,494	-	-	-	5,566
Deferred compensation plan liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-600	400	1,100	1,100	0	1,300	3,300	2,205	2,068	452	3,075	785	1,599	-15	3,431	1,412	-1,522	615	3,030	1,340	1,469	-315	1,044
Net cash provided by operating activities
141,700	156,600	186,100	76,300	38,500	138,700	164,800	188,700	156,200	186,400	127,300	101,600	175,500	117,400	-118,100	226,900	141,100	135,500	134,500	197,600	161,100	61,900	101,900	157,000	190,600	195,916	225,531	213,826	137,627	167,910	142,447	137,075	120,368	116,914	142,979	142,679	107,968	116,754	100,488	83,200	87,433
Cash flows from investing activities:
Purchases of property, plant, and equipment
24,400	26,600	27,800	24,700	27,000	28,300	22,700	17,400	15,600	27,600	22,000	21,400	24,500	31,500	25,000	57,200	29,700	21,500	17,600	17,100	22,800	33,700	34,500	47,000	58,500	55,118	35,734	31,192	24,856	62,271	19,510	15,028	24,691	28,894	17,086	16,103	28,325	25,926	18,282	12,294	11,623
Proceeds from sale of property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	79	88	9	24	57	200	28	15	84	23	188	2	51	58	3	3
Investments in Venezuelan bonds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	800	4,200	4,400	3,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred compensation plan assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	334	857	57	2,552	1,448	-1,528	1,858	197	755	1,057	-765	79
Other
-100	-	-	-	-	-	-	-	-	0	0	-200	-100	3,400	100	-400	-4,100	500	-600	500	-6,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-24,300	-28,500	-27,800	-24,700	-27,000	-28,200	-22,700	-17,400	-15,600	-27,600	-22,000	-21,200	-24,400	-34,900	-25,100	-56,800	-25,600	-22,100	-17,000	-17,600	-16,700	-49,500	-38,700	-51,400	-61,700	-59,139	-35,646	-31,183	-24,832	-62,548	-20,167	-15,057	-27,228	-30,258	-15,535	-17,773	-28,520	-26,630	-19,281	-11,526	-11,699
Cash flows from financing activities:
Dividends paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	30,400	30,449	30,828	30,919	30,904	32,413	32,377	35,138	35,172	23,312	23,488	23,870	14,819	14,806	14,873	11,996	12,065
Dividends received
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	3,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for Capped Call Transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	123,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings from senior secured credit facility, net of discount
30,200	-	-	-	-	-	-	-	-	0	0	0	1,274,000	-	-	-	-	-	-	-	-	-	-	-	-	-132	250,005	4	513,223	43,043	580,997	692,000	114,560	122,500	401,000	101,000	289,700	89,000	109,000	127,000	102,000
Principal payments on senior secured credit facility and other debt
5,300	7,100	7,200	5,100	5,100	5,700	1,182,700	24,500	24,500	26,300	26,900	27,900	413,400	205,800	3,300	0	229,700	25,000	38,800	138,800	25,000	75,000	18,800	18,700	18,800	18,667	262,483	12,741	25,509	55,752	636,377	367,969	86,402	140,969	339,567	123,405	284,924	119,986	143,750	130,764	104,951
Proceeds from convertible senior notes
-	-	-	-	-	0	0	0	550,000	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,150,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of convertible senior notes
-	-	-	-	-	0	0	0	582,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs
-	-	-	-	-	3,100	14,300	800	11,700	0	0	0	22,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance costs relating to long-term debt and senior convertible notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	28,900	-	-	-	-	-	-	-	-	-10	-1	213	5,516	-	-	-	-
Share repurchases
4,700	6,800	900	1,400	7,600	9,700	55,000	631,400	54,200	498,000	72,600	215,500	58,100	700	8,000	2,200	2,300	5,900	1,600	100	9,000	13,500	500	583,400	694,500	30,679	110,095	1,241	164,485	50,469	695	432,694	72,942	52,844	153,508	106,322	8,965	53,845	26,943	51,210	28,010
Proceeds from settlement of capped call transactions
-	-	-	-	-	0	0	28,800	27,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from share-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-1,000	2,500	6,200	-2,500	3,500	3,200	18,186	-2,601	-432	447	1,627	861	6,537	20,675	2,211	4,486	13,201	6,343	2,365	2,109	1,857	2,606
Proceeds from exercise of stock options and sale of stock under employee stock purchase plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	400	1,900	100	25	4	546	425	581	463	3,228	7,128	6,315	7,667	6,591	1,689	3,788	7,121	2,512	1,888
Other
800	700	1,000	700	800	600	1,300	500	600	500	600	400	600	-4,500	3,500	2,400	-1,700	300	-800	500	400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
21,000	-13,200	-682,100	-5,800	-11,900	-17,900	147,400	-627,400	-95,200	-523,800	-98,900	-243,000	780,500	-11,000	-7,800	200	-233,700	-32,100	-41,200	-145,600	-31,100	-31,700	-21,400	-596,700	260,300	-61,716	-155,998	-44,783	293,197	-93,423	-91,588	-134,036	-52,153	-86,089	-103,409	-133,018	-16,492	-93,484	-67,336	-62,601	-38,532
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
-33,800	9,400	-15,300	-2,500	4,400	-3,900	-18,300	-35,800	6,100	7,600	7,200	4,300	9,100	-17,500	2,600	-7,800	2,600	-4,700	-12,700	-300	-43,200	-13,500	-137,100	2,700	-100,300	5,425	8,958	-10,631	-17,052	-186	4,864	-7,677	6,099	-3,313	-16,981	1,813	7,260	420	9,401	-4,126	-22,732
Net change in cash, cash equivalents, and restricted cash
104,600	124,300	-539,100	43,300	4,000	88,700	271,200	-491,900	51,500	-357,400	13,600	-158,300	940,700	54,000	-148,400	162,500	-115,600	76,600	63,600	34,100	70,100	-32,800	-95,300	-488,400	288,900	80,486	42,845	127,229	388,940	11,753	35,556	-19,695	47,086	-2,746	7,054	-6,299	70,216	-2,940	23,272	4,947	14,470
Cash paid during the year:
Interest paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,995	6,001	6,518	5,486	4,037	4,379	3,407	2,477	2,343	2,395	1,969	2,093	2,100	2,207	2,297	2,691
Income taxes paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33,257	46,723	85,267	31,853	46,637	36,849	56,256	29,958	30,827	38,341	27,864	21,874	27,377	25,402	45,288	13,430
NON CASH INVESTING ACTIVITIES
Accrued capital expenditures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-335	-2,030	10,070	-	-	-	-	-	-	-	-	-	-	-	-