HILL-ROM HOLDINGS, INC. HRC Cash Flow

Hill-rom holdings, inc. (HRC)

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	Dec'09
Operating Activities
Net income
46,900	39,800	27,900	32,600	49,500	42,200	90,400	45,200	28,500	88,300	69,100	5,700	34,000	23,500	51,400	45,000	22,100	4,300	-10,100	18,700	26,100	12,100	24,600	26,100	-3,300	13,200	35,300	23,400	22,300	24,000	39,200	23,400	25,300	32,900	63,500	1,500	33,100	35,400	50,800	30,800	24,500	19,900
Adjustments to reconcile net income to net cash, cash equivalents and restricted cash provided by operating activities:
Depreciation and Amortization of PP&E and Software
17,500	16,600	17,700	18,300	18,300	18,100	22,600	21,900	22,200	22,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	26,600	-	26,500	26,200	25,400	26,000	24,200	25,100	24,400
Depreciation
-	-	-	-	-	-	-	-	-	-	-	19,900	19,800	20,800	-	25,000	23,300	23,600	20,500	18,200	17,600	17,300	15,900	15,900	16,700	16,900	17,100	17,200	17,800	19,100	-	-	-	-	-	-	-	-	-	-	-	-
Amortization
-	-	-	-	-	-	-	-	-	-	-	5,300	5,000	5,000	-	4,400	4,200	4,300	2,200	2,800	2,600	2,900	2,600	2,600	3,000	4,000	4,100	4,400	4,600	4,800	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition-related intangible asset amortization
27,100	26,700	40,100	29,300	27,300	25,700	26,400	26,800	27,000	26,700	28,200	28,100	26,600	25,500	23,800	24,100	23,800	24,200	10,700	7,700	7,600	8,100	7,900	7,100	6,900	6,900	6,800	7,000	6,700	7,200	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of Debt Issuance Costs and Discounts
1,100	1,000	2,300	1,600	1,600	1,600	2,200	1,500	1,900	1,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
0	-15,600	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Benefit for deferred income taxes
-4,500	-3,900	-6,600	-4,000	-3,800	-4,400	4,600	-200	-2,800	-86,400	-9,500	-8,700	-8,500	-6,100	7,400	-22,800	-7,400	22,300	-10,000	-6,100	-6,500	300	-700	-1,900	13,100	-6,600	1,100	-6,500	-5,000	-4,400	-22,400	-5,900	-400	-3,600	-23,300	3,100	300	-1,600	33,900	-4,300	-3,000	-5,400
Loss (Gain) on disposal of property, equipment, intangible assets, and impairments
-100	-1,100	-100	-3,500	900	-700	-1,600	-1,700	0	600	-1,200	-26,500	3,400	-400	-500	100	-800	-700	-500	-200	-100	300	100	500	-8,000	200	-1,100	-100	0	-300	-400	100	-6,200	-1,600	-3,000	700	1,100	-100	5,300	3,800	-1,000	-800
Loss on disposition of business
-	-	-	-	-	-	-600	0	-23,400	1,000	0	0	0	1,000	10,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock compensation
10,700	8,300	7,500	10,000	11,400	5,500	6,500	5,800	9,500	6,300	5,500	5,300	7,100	5,100	5,000	6,000	7,100	5,000	11,000	4,100	5,200	4,700	4,800	4,200	5,400	3,600	2,200	3,700	4,300	3,300	2,600	2,600	3,900	2,500	3,000	2,500	4,100	2,600	3,000	1,800	3,600	3,600
Excess tax benefits from employee stock plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,300	200	100	1,000	1,900	300	400	1,000	200	100	200	-800	-100	100	200	100	0	400	200	700	0	2,700	500	3,600	-	-	-	-
Change in working capital excluding cash, current debt, acquisitions and dispositions:
Trade accounts receivable
62,600	-74,800	77,600	8,700	44,400	-68,400	28,200	25,200	23,900	-69,600	59,500	11,700	10,100	-35,500	49,300	-4,600	2,700	-31,600	44,400	17,900	13,500	-36,100	12,700	-14,000	19,700	-35,500	600	1,900	-13,800	-19,500	25,900	-11,400	200	-34,800	37,300	-25,100	14,200	-1,700	26,200	-15,300	300	-4,200
Inventories
-8,100	9,800	-4,000	3,400	-6,100	7,600	-8,700	-1,600	15,900	13,100	20,400	4,700	-3,900	1,000	-9,500	200	5,400	-17,400	-14,400	-500	8,200	-4,300	-10,300	2,100	-3,200	2,300	-4,500	-7,700	8,000	-4,200	-5,800	1,000	2,200	-1,800	-15,300	-6,700	3,000	4,300	1,800	1,000	11,200	2,200
Other current assets
7,800	15,800	-19,100	7,100	5,300	-9,000	-9,100	600	32,700	5,200	-1,800	-10,400	12,100	-14,900	-11,200	-9,700	-3,300	-3,500	2,600	2,300	-400	3,200	-1,600	2,900	4,300	-3,000	4,100	-5,400	3,100	4,700	-11,600	-9,500	16,700	-16,500	-8,600	9,300	-3,800	-11,300	25,100	-10,000	18,000	4,400
Trade accounts payable
15,300	-9,000	22,200	-2,400	-700	-5,900	15,100	6,100	9,000	-17,700	20,600	6,700	1,900	-7,600	14,800	-300	8,800	-23,800	18,800	-1,500	-600	-16,000	16,400	5,100	-4,900	-9,600	15,200	-8,600	-4,000	-2,500	12,100	-6,700	-3,400	-1,700	2,000	-11,900	4,700	-12,800	9,000	-6,700	6,700	-11,400
Accrued expenses and other liabilities
5,000	-60,200	14,900	68,900	-11,500	-42,800	-2,000	36,800	-11,800	-24,000	-2,400	25,100	-8,800	-46,200	6,000	23,900	-36,800	-66,100	53,500	9,700	21,200	-30,600	10,600	-8,500	12,000	-26,600	1,700	1,200	4,800	-7,900	10,600	7,200	19,600	-43,500	20,600	-2,500	22,900	-31,000	11,900	-1,200	9,200	-7,400
Other assets and liabilities
-	5,100	-	-	-	-400	13,500	-2,800	1,900	-25,500	-2,600	-5,400	0	-2,200	1,200	1,200	-300	-200	-17,200	-3,500	-4,500	3,700	4,900	2,700	300	-3,700	-11,000	-2,000	6,100	-2,000	-9,300	3,200	700	1,900	-2,700	400	-5,600	-500	-15,300	5,300	3,600	500
Increase (Decrease) in Other Noncurrent Assets and Liabilities, Net
-5,300	3,100	-	-	900	-5,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash, cash equivalents and restricted cash provided by operating activities
79,700	77,000	100,300	142,900	42,200	116,000	145,400	124,200	32,500	93,100	71,400	113,300	55,400	71,000	75,800	117,900	41,300	46,200	89,400	37,300	56,100	31,000	76,100	56,300	35,600	42,300	95,500	55,000	47,900	64,800	74,300	63,800	61,500	62,100	33,300	81,600	84,100	23,500	28,600	62,100	27,500	21,600
Investing Activities
Purchases of property, plant, equipment and software
21,800	24,300	22,500	82,300	-16,400	-15,000	17,600	20,500	24,100	27,300	23,700	26,500	24,900	22,400	22,600	14,300	28,700	17,700	18,700	22,300	35,400	44,900	18,300	13,000	14,600	16,800	15,600	15,300	17,900	16,500	21,900	16,600	20,700	18,600	16,900	21,100	18,400	12,500	20,800	16,400	15,900	11,600
Proceeds on sale of property and equipment
900	500	400	-600	3,000	100	200	300	2,100	1,600	1,400	3,100	6,500	4,100	700	1,100	100	300	300	300	400	500	600	500	800	500	600	500	1,900	2,900	3,500	700	3,300	3,100	700	900	2,200	2,100	900	600	900	100
Payments to Acquire Businesses, Net of Cash Acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	224,000	1,200	13,000	1,300	-3,000	2,800	0	200	399,800	0	77,000	0	-	-	-	-	200	0	0	7,100
Payments to Acquire Intangible Assets
0	0	0	34,200	0	-17,100	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Investments
0	0	-	-	0	26,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Other Investments
-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds on sale of business
-	-	-	-	-	-	0	0	0	1,000	1,300	0	0	4,500	9,800	500	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Refund on acquisition of businesses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities
100	0	-2,000	-200	100	100	300	-3,200	600	400	-700	1,700	100	300	0	4,000	-2,400	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	200	0	200	12,100	14,200	4,500	500
Net cash, cash equivalents and restricted cash used in investing activities
-34,100	-23,800	18,900	-196,100	-13,300	-58,500	-17,700	-17,000	-22,600	-25,100	-20,300	-22,200	-332,800	-14,100	-37,400	-16,700	-26,200	-17,400	-1,652,000	-17,500	-42,500	-44,400	-244,200	-10,500	-26,800	-13,000	-14,000	-14,800	-16,000	-13,800	-418,200	-12,300	-93,500	-15,500	-31,600	-20,000	-16,200	-10,200	-8,000	-1,600	-10,500	-18,100
Financing Activities
Proceeds from borrowings on long-term debt
-	-	-	-	-	-	-	-	-	-	0	0	300,000	0	-	-	-	-	-	-	-	-	200	0	0	600	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payment of long-term debt
-12,500	-12,600	1,038,400	0	100	0	213,600	82,500	27,500	27,400	18,300	18,300	18,300	18,300	658,000	30,800	44,600	34,500	390,100	3,900	3,800	3,800	3,800	2,600	2,500	2,500	2,100	2,700	2,500	2,800	2,500	100	100	47,300	0	0	0	0	-	-	-	-
Borrowings on Revolving Credit Facility
-140,000	-50,000	90,000	220,000	60,000	50,000	0	0	45,000	30,000	72,000	55,000	8,000	45,000	136,900	0	20,000	0	0	0	0	95,000	217,000	-6,000	34,000	7,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments on Revolving Credit Facility
-30,000	-55,000	110,000	125,000	80,000	25,000	0	70,000	15,000	80,000	77,000	188,000	25,000	35,800	0	20,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	45,000
Borrowings on Securitization Facility
13,200	0	600	0	4,500	400	3,400	16,800	20,500	30,900	23,200	101,300	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on Securitization Facility
-10,200	-7,500	0	600	4,500	400	0	3,400	20,700	16,600	30,900	14,500	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal Amount Outstanding on Loans Securitized or Asset-backed Financing Arrangement
21,200	11,400	22,900	8,500	29,700	7,800	61,400	61,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on Note Securitization Facility
-8,600	-12,600	11,400	22,900	26,500	1,900	50,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of Senior Debt
0	-425,000	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends
14,600	14,100	14,000	14,000	14,100	13,300	13,400	13,300	13,200	11,900	11,800	11,900	11,800	11,100	11,200	11,100	11,100	10,400	10,400	9,000	9,100	8,600	8,800	8,700	8,800	7,900	8,100	8,100	7,500	7,500	7,600	7,800	7,700	7,000	7,000	7,100	6,400	6,500	6,400	6,500	6,500	6,400
Proceeds on exercise of stock options
2,000	3,700	5,300	600	4,000	4,600	26,400	3,100	2,500	8,000	300	2,900	12,100	2,500	2,400	1,600	1,500	700	1,900	1,100	4,400	4,700	1,300	2,800	900	6,500	1,600	1,000	2,500	2,500	1,500	2,400	1,700	2,100	1,100	18,900	4,000	19,100	7,800	12,200	2,700	200
Payment, Tax Withholding, Share-based Payment Arrangement
700	15,100	500	200	500	3,500	6,700	3,000	900	3,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for Repurchase of Common Stock
54,100	0	-	-	-	-	0	0	0	0	15,700	700	100	33,500	4,900	300	400	2,800	5,900	300	200	56,900	200	0	29,500	42,100	24,100	25,900	23,600	20,400	42,400	0	100	1,700	45,300	28,400	12,800	28,800	34,600	1,300	200	800
Proceeds from Sale of Treasury Stock
-	1,700	-	-	-	-	-	-	-	-	1,500	1,200	1,300	1,000	1,100	1,100	800	800	700	800	600	700	700	500	600	700	400	800	600	700	700	600	700	900	800	600	700	800	700	600	600	700
Proceeds from (Payments for) Other Financing Activities
-	-	-	1,800	2,000	1,700	-	1,100	1,600	2,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash, cash equivalents and restricted cash used in financing activities
47,900	-487,300	316,600	68,200	-25,500	-54,600	-190,600	-90,200	-7,700	-68,100	-67,300	-73,800	261,900	-50,200	-5,800	-56,800	-33,700	-45,600	1,633,200	-12,900	-8,000	30,400	162,800	-54,200	-5,500	-39,300	-47,600	-35,200	-50,600	-28,100	206,800	-5,000	-9,400	-56,800	-53,100	-15,000	-18,400	-15,400	-36,300	3,800	-5,200	-49,700
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-7,400	4,700	-4,600	600	-600	-1,700	-600	-9,500	3,100	2,000	4,800	7,200	2,500	-7,200	0	-2,400	1,800	-1,600	-1,200	2,000	-4,800	-2,600	-7,300	0	-600	200	-	-1,000	-1,600	400	1,400	-1,200	2,200	-500	-6,500	700	3,300	0	4,100	-3,400	-400	-600
Net Cash Flows
86,100	-429,400	431,200	15,600	2,800	1,200	-63,500	7,500	5,300	1,900	-11,400	24,500	-13,000	-500	32,600	42,000	-16,800	-18,400	69,400	8,900	800	14,400	-12,600	-8,400	2,700	-9,800	36,100	4,000	-20,300	23,300	-135,700	45,300	-39,200	-10,700	-57,900	47,300	52,800	-2,100	-11,600	60,900	11,400	-46,800
Excess Tax Benefit from Share-based Compensation, Financing Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,300	200	100	1,000	1,900	300	400	1,000	200	100	200	-800	-100	100	200	100	0	400	200	700	0	2,700	500	3,600	-	-	-	-
Restricted Stock or Unit Expense
2,000	25,100	-	-	2,400	7,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for Repurchase of Redeemable Noncontrolling Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	400	300	300	300	1,000	0	300	300	700	300	300	300	700	300	300	300	700	300	300	600	10,600	-	-	-	-
Net change in short-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-700	0	0	-100	-100	100	-100	0	0	0	-200	-3,800	-3,800	-2,200	-1,400	-3,800	7,000	-2,700	-1,200	-1,800	1,600
Senior Unsecured 5.75% Notes due on September 1, 2023 [Member]
Gain (Loss) on Extinguishment of Debt
-	15,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment for Debt Extinguishment or Debt Prepayment Cost
-	-12,200	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Treasury Stock [Member]
Payment, Tax Withholding, Share-based Payment Arrangement
700	15,100	-	-	500	3,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock repurchases for stock award withholding obligations
-	-	-	-	-	-75,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-