HERBALIFE NUTRITION LTD. HLF Cash Flow

Herbalife nutrition ltd. (HLF)

CashFlow / TTM

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
260,300	311,000	303,200	292,900	310,800	296,600	184,300	167,600	210,800	213,900	376,700	409,900	249,400	260,000	245,100	251,000	356,700	339,100	357,900	275,500	312,300	308,700	328,915	459,665	483,227	527,500	516,230	486,153	474,942	464,000	459,493	455,642	434,871	414,959	387,174	358,036	329,031	292,883	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
97,500	97,700	97,800	98,600	99,200	100,400	102,000	102,000	100,900	99,800	99,500	99,000	98,900	98,300	98,000	97,900	99,000	98,000	96,600	96,400	94,800	93,200	90,693	87,190	85,036	84,700	82,205	80,097	76,774	74,400	72,815	71,809	71,881	71,853	71,306	70,875	69,921	68,621	0	0	0
Excess tax benefits from share-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,700	5,200	9,700	10,400	22,386	22,285	18,353	15,600	-959	2,503	9,472	29,700	30,284	33,909	40,573	26,241	26,395	24,018	12,674	8,937	0	0	0
Share-based compensation expenses
38,300	38,600	33,400	35,800	36,300	35,500	41,300	39,600	40,600	42,100	42,500	42,400	41,700	40,200	41,000	41,500	43,600	44,900	45,500	46,200	45,800	45,700	42,018	37,647	32,634	29,500	28,932	30,656	28,539	27,900	27,739	25,527	25,756	24,133	23,343	23,252	23,278	22,969	0	0	0
Non-cash interest expense
36,100	43,700	51,900	57,000	62,000	63,800	64,800	65,100	61,500	60,200	58,500	56,500	54,500	55,700	58,400	59,400	59,600	56,200	52,100	50,000	48,500	43,500	31,863	20,305	9,150	2,600	2,602	2,523	2,164	1,800	1,421	1,144	1,144	1,007	847	687	525	500	0	0	0
Deferred income taxes
22,400	15,400	-6,100	-6,200	-11,000	-8,100	107,900	99,100	104,300	97,800	-2,100	-14,500	-36,400	-36,400	-75,100	-56,900	-42,700	-38,200	-27,300	-79,500	-81,200	-84,800	-76,368	-24,761	-23,427	-24,900	-7,083	-7,263	-10,976	-7,800	-22,520	-30,418	-22,338	-21,271	-23,349	-17,614	-19,197	-33,338	0	0	0
Inventory write-downs
17,400	19,100	21,400	15,900	10,600	17,400	16,900	22,700	28,200	20,700	16,800	15,800	13,100	15,800	19,700	18,800	27,700	25,300	29,100	29,800	18,400	24,500	29,964	31,752	34,246	29,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Foreign exchange loss and other charges relating to Venezuela
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	64,700	178,600	178,000	227,800	200,284	86,084	86,084	15,100	0	0	0	-	-	-	-	-	-	-	-	15,131	0	0	0
Foreign exchange transaction loss
-6,100	-2,100	-1,600	-9,100	-12,000	-8,000	-8,800	-5,400	-3,300	-2,400	0	0	0	-	-	-	-44,200	-26,600	22,100	21,000	27,900	6,200	-9,215	-8,344	-20,171	-5,800	-6,214	-6,965	5,003	-2,100	2,450	958	-4,152	-9,403	-8,718	-10,655	3,151	7,142	0	0	0
Loss on extinguishment of debt
-	-	-	-	-	-48,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Write-off of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	914	0	0	0	-	-	-	-
Impairments and write-downs relating to Venezuela currency devaluation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
6,100	7,900	14,600	21,500	12,100	-7,100	-14,300	-22,000	-15,300	-1,900	9,000	13,900	13,800	11,700	1,900	-400	-7,300	-10,800	-11,900	-14,900	-9,400	-6,100	-2,039	-1,774	-2,790	-600	-2,189	94	581	-700	-995	-1,427	-1,846	-2,206	-999	-1,807	-4,356	-2,527	0	0	0
Changes in operating assets and liabilities:
Receivables
-900	14,400	7,000	4,400	4,200	-2,800	25,600	26,200	10,400	22,200	0	0	0	-	-4,300	2,200	9,100	6,200	13,700	17,200	-9,600	-6,000	-2,176	-8,312	12,016	-9,200	132	7,195	10,225	28,200	4,297	4,038	3,953	9,687	25,462	22,943	16,038	7,593	0	0	0
Inventories
48,100	68,600	106,300	132,100	119,600	83,300	31,800	-30,700	-39,000	-37,900	-14,300	66,200	61,700	71,600	84,000	47,200	48,100	30,500	43,900	80,500	98,600	99,400	76,189	43,106	39,058	54,800	72,206	93,218	104,884	93,600	91,936	72,867	79,322	84,880	50,244	45,833	27,806	31,516	0	0	0
Prepaid expenses and other current assets
16,700	-28,300	-49,800	-39,400	-33,700	5,100	10,300	-2,400	-1,300	-38,300	-12,100	-21,500	-20,500	-800	-4,500	1,300	-14,400	-19,800	-24,700	-22,200	300	34,900	53,270	46,950	25,000	9,400	7,153	3,583	3,971	-200	1,015	-253	-12,782	-3,229	-777	-18,962	-1,029	-10,254	0	0	0
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	44,700	42,200	37,700	36,700	17,522	13,466	14,585	9,400	2,880	2,710	4,410	5,300	12,220	12,011	14,518	13,864	5,899	6,233	3,665	3,485	0	0	0
Accounts payable
1,000	100	-6,400	-2,400	7,300	21,700	28,400	8,500	6,400	-5,000	-27,000	-8,400	900	-1,300	5,200	6,600	9,900	6,000	-2,300	-1,400	-12,500	-5,200	17,631	19,214	12,100	10,800	2,895	-1,362	10,404	17,000	18,617	18,964	18,062	15,427	13,282	12,280	-3,800	6,650	0	0	0
Royalty overrides
10,100	11,500	14,500	14,100	13,900	22,800	26,900	21,400	12,200	6,000	100	-1,000	12,500	20,900	30,100	29,500	34,200	21,600	7,900	9,500	-12,600	6,700	19,241	18,751	46,572	28,800	33,427	31,917	22,730	41,900	32,622	35,100	34,399	44,041	45,982	31,533	30,153	15,732	0	0	0
Other current liabilities
159,600	-5,500	6,500	-21,000	38,300	106,800	110,200	78,100	-65,400	-17,100	-56,900	-272,700	48,700	12,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
18,100	13,600	100	-7,700	-18,100	-13,500	-9,500	-7,100	-10,400	-14,100	4,900	2,100	20,000	19,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses and accrued compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38,400	21,900	23,500	-11,500	31,932	58,939	89,017	86,000	85,240	86,677	41,256	39,400	41,198	28,228	32,498	28,749	27,049	22,427	23,992	31,092	0	0	0
Advance sales deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,200	21,300	9,300	10,400	22,462	38,419	43,257	22,000	37,454	17,082	4,881	17,800	-21,570	-22,662	-13,474	-1,538	7,456	7,825	6,696	12,439	0	0	0
Income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,300	3,800	12,500	22,200	28,413	31,146	2,803	26,800	-14,431	-5,207	34,377	28,000	41,769	52,799	55,791	48,565	0	0	0	-	-	-	0
Deferred compensation plan liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	2,600	3,500	5,700	6,805	8,873	8,025	7,800	6,380	5,911	5,444	5,800	6,427	3,306	3,936	3,535	3,463	6,454	5,524	3,538	0	0	0
Net cash provided by operating activities
560,700	457,500	439,600	418,300	530,700	648,400	696,100	658,600	571,500	590,800	521,800	276,400	401,700	367,300	385,400	638,000	608,700	628,700	555,100	522,500	481,900	511,400	645,416	769,047	825,873	772,900	744,894	661,810	585,059	567,800	516,804	517,336	522,940	510,540	510,380	467,889	408,410	387,875	0	0	0
Cash flows from investing activities:
Purchases of property, plant, and equipment
103,500	106,100	107,800	102,700	95,400	84,000	83,300	82,600	86,600	95,500	99,400	102,400	138,200	143,400	133,400	126,000	85,900	79,000	91,200	108,100	138,000	173,700	195,118	196,352	180,544	146,900	154,053	137,829	121,665	121,500	88,123	85,699	86,774	90,408	87,440	88,636	84,827	68,125	0	0	0
Proceeds from sale of property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	178	290	309	300	327	150	310	297	264	299	114	115	0	0	0
Investments in Venezuelan bonds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,600	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred compensation plan assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,800	4,914	2,529	4,330	1,975	1,282	3,867	1,244	1,126	0	0	0
Other
0	-	-	-	-	-	-	-	-	-300	3,100	3,200	3,000	-1,000	-3,900	-4,600	-3,700	-5,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-105,300	-108,000	-107,700	-102,600	-95,300	-83,900	-83,300	-82,600	-86,400	-95,200	-102,500	-105,600	-141,200	-142,400	-129,600	-121,500	-82,300	-73,400	-100,800	-122,500	-156,300	-201,300	-210,939	-207,885	-187,668	-150,800	-154,209	-138,730	-122,604	-125,000	-92,710	-88,078	-90,794	-92,086	-88,458	-92,204	-85,957	-69,136	0	0	0
Cash flows from financing activities:
Dividends paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30,400	60,849	91,677	122,596	123,100	125,064	126,613	130,832	135,100	125,999	117,110	105,842	85,489	76,983	68,368	56,494	53,740	0	0	0
Dividends received
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for Capped Call Transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	123,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings from senior secured credit facility, net of discount
0	-	-	-	-	-	-	-	-	1,274,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	763,100	806,275	1,137,267	1,829,263	1,430,600	1,510,057	1,330,060	739,060	914,200	880,700	588,700	614,700	427,000	0	0	0
Principal payments on senior secured credit facility and other debt
24,700	24,500	23,100	1,198,600	1,218,000	1,237,400	1,258,000	102,200	105,600	494,500	674,000	650,400	622,500	438,800	258,000	293,500	432,300	227,600	277,600	257,600	137,500	131,300	74,967	318,650	312,691	319,400	356,485	730,379	1,085,607	1,146,500	1,231,717	934,907	690,343	888,865	867,882	672,065	679,424	499,451	0	0	0
Proceeds from convertible senior notes
-	-	-	-	-	550,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	1,150,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of convertible senior notes
-	-	-	-	-	582,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs
-	-	-	-	-	29,900	26,800	12,500	11,700	22,600	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance costs relating to long-term debt and senior convertible notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,900	0	0	0	-	-	-	-	-	-	-	-	5,718	0	0	0	-	-	-	-
Share repurchases
13,800	16,700	19,600	73,700	703,700	750,300	1,238,600	1,256,200	840,300	844,200	346,900	282,300	69,000	13,200	18,400	12,000	9,900	16,600	24,200	23,100	606,400	1,291,900	1,309,079	1,418,674	836,515	306,500	326,290	216,890	648,343	556,800	559,175	711,988	385,616	321,639	322,640	196,075	140,963	160,008	0	0	0
Proceeds from settlement of capped call transactions
-	-	-	-	-	55,900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from share-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,700	5,200	9,700	10,400	22,386	22,285	18,353	15,600	-959	2,503	9,472	29,700	30,284	33,909	40,573	26,241	26,395	24,018	12,674	8,937	0	0	0
Proceeds from exercise of stock options and sale of stock under employee stock purchase plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,425	2,029	675	1,000	1,556	2,015	4,697	11,400	17,134	24,338	27,701	22,262	19,735	19,189	15,110	15,309	0	0	0
Other
3,200	3,200	3,100	3,400	3,200	3,000	2,900	2,200	2,100	2,100	-2,900	0	2,000	-300	4,500	200	-1,700	400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-680,100	-713,000	-717,700	111,800	-509,800	-593,100	-1,099,000	-1,345,300	-960,900	-85,200	427,600	518,700	761,900	-252,300	-273,400	-306,800	-452,600	-250,000	-249,600	-229,800	-680,900	-389,500	-419,516	-554,114	-2,197	30,700	-1,007	63,403	-25,850	-371,200	-363,866	-375,687	-374,669	-339,008	-346,403	-310,330	-239,913	-261,953	0	0	0
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
-42,200	-4,000	-17,300	-20,300	-53,600	-51,900	-40,400	-14,900	25,200	28,200	3,100	-1,500	-13,600	-20,100	-7,300	-22,600	-15,100	-60,900	-69,700	-194,100	-191,100	-248,200	-229,275	-83,217	-96,548	-13,300	-18,911	-23,005	-20,051	3,100	-27	-21,872	-12,382	-11,221	-7,488	18,894	12,955	-17,037	0	0	0
Net change in cash, cash equivalents, and restricted cash
-266,900	-367,500	-403,100	407,200	-128,000	-80,500	-526,600	-784,200	-450,600	438,600	850,000	688,000	1,008,800	-47,500	-24,900	187,100	58,700	244,400	135,000	-23,900	-546,400	-327,600	-214,314	-76,169	539,460	639,500	570,767	563,478	416,554	74,700	60,201	31,699	45,095	68,225	68,031	84,249	95,495	39,749	0	0	0
Cash paid during the year:
Interest paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23,000	22,042	20,420	17,309	14,300	12,606	10,622	9,184	8,800	8,557	8,369	8,697	9,295	0	0	0
Income taxes paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	197,100	210,480	200,606	171,595	169,700	153,890	155,382	126,990	118,906	115,456	102,517	119,941	111,497	0	0	0
NON CASH INVESTING ACTIVITIES
Accrued capital expenditures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-