HARSCO CORP HSC Cash Flow

Harsco corp (HSC)

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 (Loss), Including Portion Attributable to Noncontrolling Interest
1,227	40,895	437,857	10,929	22,537	48,074	34,651	42,711	19,577	-31,820	13,796	19,731	10,137	-14,316	-31,544	-24,301	-9,592	-7,776	-9,483	7,762	15,829	-42,820	26,129	-12,598	11,613	-27,977	-231,566	27,376	9,072	-270,066	27,068	13,273	-29,572	-93,093	31,990	38,740	12,807	-49,862	20,932	31,461	9,928
Adjustments to reconcile net income to net cash provided (used) by operating activities:
Depreciation
29,933	30,122	29,824	29,653	30,204	29,811	30,319	30,587	31,418	30,320	31,024	30,288	30,207	30,799	32,548	32,655	33,081	34,309	36,836	36,853	36,654	39,733	40,522	42,499	41,834	43,130	56,496	60,358	61,282	63,723	61,293	61,435	65,454	68,691	69,699	69,702	67,929	69,806	69,510	68,061	71,857
Amortization
6,557	6,651	6,149	2,747	3,045	3,030	3,054	2,632	1,934	2,109	1,981	1,987	2,021	2,400	4,077	2,962	2,964	2,820	2,930	2,836	3,237	2,801	2,891	3,045	3,001	2,808	4,120	4,403	4,444	4,550	4,595	4,579	6,488	8,470	8,655	8,702	8,593	8,972	9,017	8,938	9,078
Change in fair value to unit adjustment liability
-	-	-	-	-	-	-	-	-	-	-	-	-	0	44,788	1,489	12,217	1,999	2,083	2,164	2,245	2,323	2,398	2,473	2,546	966	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax expense
4,412	-4,685	15,323	-4,418	595	-8,518	1,656	-4,295	4,635	55,331	-1,415	3,654	-221	-5,639	842	-2,290	-567	-4,824	7,643	-274	2,629	3,187	1,192	510	2,352	-27,742	5,993	-1,121	-1,407	-7,414	4,934	-4,434	-7,367	-	-	-	-	-	-	-	-
Income (Loss) from Equity Method Investments
96	122	81	49	21	384	0	0	0	-	-	-	-	0	3,205	-694	3,175	571	3,105	-7,584	4,083	-2,615	5,805	-3,518	-1,230	533	434	595	-14	85	182	128	169	160	194	125	211	81	120	59	130
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax
18,462	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of Harsco Infrastructure Segment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2,669	242	30,927	241,323	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
2,007	423	374	-2,840	279	-181	552	-1,093	-1,944	1,818	3,141	-577	-5,131	-722	-40	-11,746	9,875	-6,605	-5,128	7,861	9,612	-22,699	249	-17,676	750	-4,184	-708	1,977	180	-1,331	13,279	6,154	9,830	3,758	-318	-380	4,372	3,358	2,934	27,190	-12,853
Changes in assets and liabilities:
Accounts receivable
22,050	-8,931	-14,639	23,764	3,270	-12,141	7,577	16,597	4,848	5,379	-16,173	14,924	27,882	-11,986	-1,044	12,941	-15,952	-32,489	-19,859	-9,453	20,151	-44,824	6,853	-17,959	49,455	12,759	-26,204	17,290	30,108	-23,263	-4,317	5,776	-212	-18,961	-10,055	48,346	38,681	-61,694	-23,830	27,917	53,212
Inventories
16,412	-993	22,980	6,049	14,448	-4,146	7,677	-315	11,490	-49,669	23,816	5,541	755	-11,982	504	11,383	12,408	8,334	5,280	11,696	19,496	-1,984	9,800	8,699	4,273	-29,411	-2,692	2,606	10,757	-24,497	-1,552	7,581	17,269	-14,643	-7,840	194	14,313	-3,993	4,761	-7,619	-5,748
Contract assets
20,311	16,526	5,200	6,839	-6,770	-7,115	9,034	-4,305	5,698	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
12,308	7,792	-5,302	7,818	3,099	800	10,188	19	7,340	3,509	4,786	4,800	-541	-9,454	5,568	-457	-15,851	3,210	-14,783	5,662	5,775	-11,166	-11,078	-926	-6,246	-14,048	18,933	-3,303	13,252	-12,930	-16,768	1,571	-9,522	-5,863	-6,232	-1,165	10,547	22,005	-2,247	8,447	8,324
Accrued interest payable
-9,891	7,325	7,113	196	89	-	-	-	-	-	-	-120	286	-9,442	6,281	-6,704	6,668	-10,411	7,821	-6,991	6,828	-8,671	8,037	-7,503	8,207	-8,169	5,767	-5,308	5,874	-6,105	5,755	-5,521	5,552	-7,026	6,246	-5,794	6,199	-23,867	9,882	1,553	9,817
Accrued compensation
-2,752	-2,957	1,723	5,399	-19,924	9,311	5,607	10,086	-26,131	10,147	5,344	7,987	-12,352	4,384	3,244	5,014	-3,777	-6,679	3,230	2,149	-9,019	-3,716	7,343	5,658	-3,586	-4,824	9,746	2,943	-17,725	-1,769	8,005	6,041	-11,760	-1,086	11,721	11,623	-9,704	-124	2,639	5,093	8,697
Advances on contracts
-40,464	-	-	-	3,406	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities
-3,358	-	-	-	-3,913	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Harsco Infrastructure Segment 2010 Restructuring Program accrual
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,918	-575	-211	-84	-456	-2,004	-1,434	-1,317	-2,932	-5,551	-2,030	-9,116	-	-	-	-
Harsco 2011/2012 Restructuring Program accrual
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-93	-204	87	-188	-217	-257	-1,670	-528	-3,209	-3,546	-2,896	-8,054	167	-4,542	-2,909	-599	-	-	-	-	-	-	-	-
Retirement plan liabilities, net
-15,534	-5,222	-5,654	-3,743	-9,403	-4,578	-10,413	-6,078	-12,252	-3,410	-6,669	-2,840	-8,381	-3,269	-3,280	-3,633	-10,238	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advances on contracts and other customer advances
-	-	-	-	-	15,396	777	-5,768	-7,348	-10,277	-5,055	3,519	-4,998	-867	16,461	7,886	-8,995	-8,343	-698	-447	8,693	-3,272	63,171	-1,136	34,006	-3,829	-8,473	1,248	-10,311	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Income Taxes Payable
3,843	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets and liabilities
2,836	4,278	2,044	17,563	732	19,378	2,815	4,010	7,324	4,832	-3,210	-3,785	-1,205	4,593	187	9,139	-605	-22,834	8,093	12,536	8,868	-18,908	7,681	15,629	12,709	-21,117	19,670	8,067	11,897	-57,748	7,505	23,255	3,973	6,861	11,305	17,840	16,626	-29,911	15,418	6,205	27,287
Net cash provided (used) by operating activities
-11,536	-50,192	44,657	-9,466	14,838	97,008	48,315	54,942	-8,243	93,987	36,126	52,903	-6,124	55,030	76,173	31,648	-2,975	32,670	43,884	34,745	10,473	41,437	109,960	47,846	27,484	23,572	107,718	52,954	3,415	87,225	75,622	37,173	-1,426	108,669	123,242	53,725	13,140	165,447	110,330	95,595	30,055
Gain (loss) on Extinguishment of debt, Cash Flow
-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends from unconsolidated entities
-	-	-	-	-	-	-	-	-	0	74	0	19	0	0	0	16	28	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	66	0	72	88	0	0	88	88
Gain on disposition of business
-18,462	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash flows from investing activities:
Purchases of property, plant and equipment
27,894	37,902	55,870	54,794	36,407	40,866	34,806	29,599	26,897	34,183	23,431	23,711	16,989	19,394	17,770	15,225	16,951	31,969	28,337	31,616	31,630	73,689	52,674	42,657	39,839	63,845	61,515	66,458	53,733	91,968	64,925	55,056	52,789	72,281	73,944	99,619	67,257	62,406	55,352	44,741	29,849
Payments to Acquire Businesses, Net of Cash Acquired
4,157	0	39,010	585,165	-680	-	-	-	-	-	-	-	-	0	0	0	26	83	-52	929	6,828	92	198	0	26,046	8	2,841	0	0	-	-	-	-	-	-	-	-	0	0	59	27,584
Purchase of business, net of cash acquired
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Divestiture of Businesses
37,219	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	12,403	3,296	303,039	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Sale of Productive Assets
2,185	-	-	-	1,177	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,873
Proceeds from sales of assets
-	-	-	-	-	2,791	5,943	2,776	377	2,672	9,212	528	1,006	2,127	2,063	2,296	2,819	5,189	7,426	6,570	6,781	3,823	5,033	2,314	3,806	2,037	2,094	4,258	10,595	6,890	6,316	14,085	22,488	5,473	3,792	26,771	6,617	-	-	-	-
Expenditures for intangible assets
58	65	721	525	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of unit adjustment liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,580	5,580	5,580	5,580	5,580	5,580	5,580	5,580	2,123	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds (payments) from settlement of foreign currency forward exchange contracts
-11,327	-5,820	-2,144	-3,400	4,091	-12,283	-6,186	-880	3,822	22,879	-280	-4,137	-33	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	6,988	-7,674	6,043	-5,427	-8,457	3,192	7,143	-2,360	3,194	-2,399	748	1,178	3,234	2,585	5,303	-2,903	3,741	891	-3,368	2,020	-6,449	-6,284	902	-4,733	1,602	4,813	-6,106	4,386
Net cash provided (used) by investing activities
18,622	33,680	511,583	-638,814	-38,641	-25,792	-22,677	-82,332	-30,342	-54,390	-13,939	-19,046	-15,950	-7,017	157,607	-18,972	-8,731	-27,147	-29,631	-38,698	-34,897	-78,732	-51,020	-34,268	-65,541	235,866	-64,847	-67,503	-40,235	-89,042	-60,017	-37,603	-32,321	-60,359	-65,806	-73,750	-55,907	-59,766	-58,032	-31,279	-52,946
Cash flows from financing activities:
Short-term borrowings, net
3,697	-3,981	-1,501	3,662	-3,578	2,475	2,434	682	-3,659	3,146	-387	-1,353	3,655	-823	-3,476	2,315	-366	17,664	4,257	-7,944	4,898	4,880	5,541	151	-1,721	-2,140	-3,949	95	4,093	-4,162	-12,936	-6,839	-19,527	-7,304	-28,656	28,166	29,431	25,213	-54,404	-28,251	31,736
Current maturities and long-term debt:
Additions
52,875	66,327	41,627	683,362	56,998	700	3,300	78,858	46,000	1,985	2,000	0	24,000	669,892	816	21,009	29,010	335,003	13	40,941	52,039	60,029	9,039	43,431	65,000	31,943	157,466	63,676	63,719	36,816	29,958	80,010	139,066	86,093	48,498	96,442	70,482	247,946	318,377	84,313	96,577
Reductions
38,709	57,004	601,283	1,633	1,700	41,884	31,911	40,249	2,944	43,035	18,533	32,367	14,345	703,799	200,160	32,687	42,921	297,854	85,527	11,005	5,147	10,463	57,949	44,171	18,424	294,923	152,400	36,213	15,064	32,973	27,223	62,980	61,196	87,093	48,301	95,894	66,566	569,392	74,529	81,516	95,601
Cash dividends paid on common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,105	16,419	16,420	16,448	16,443	16,588	16,588	16,584	16,562	16,559	16,559	16,557	16,536	16,520	16,519	16,530	16,499	16,547	16,557	16,535	16,507	16,516	16,496	16,492	16,472
Dividends paid to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	501	225	1,900	755	341	192	2,072	0	849	2,722	0	600	830	1,072	2,123	1,825
Sale of noncontrolling interests
0	0	3,150	0	876	0	0	0	477	0	-3,412	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	166	0	0	0	0	-	-	-	-	-	-	-	-
Stock-based compensation - Employee taxes paid
3,437	32	35	2,930	8,237	45	71	2,905	709	81	281	1,273	53	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contributions from noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	203	120	3,645	857	0	112	50	7,935	-223	8,414	327	333	256	88	193	161
Common stock issued-options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	157	214	0	0	183	542	735	338	91	1,239	177	383	329	108
Common stock acquired for treasury
-	-	-	-	-	-	-	-	-	-	-	-	-	-91	0	91	0	0	0	0	12,143	941	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from cross-currency interest rate swap termination
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	16,625	0	75,057	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of Financing Costs
1,632	199	1,609	9,464	0	-	-	-	-	0	0	6	36	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other financing activities, net
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	894	-894	2,607	-415	-143	-2,049	0	2	-2	0	-	-	-	-	0	-1	0	-2,708	-	-	-	-	-	-	-	-
Net cash provided by financing activities
12,794	-3,116	-585,408	669,899	44,359	-68,858	-27,268	31,423	39,165	-39,171	-20,629	-37,136	13,221	-50,314	-223,511	-15,888	-2,651	20,622	-23,430	3,842	21,155	29,229	-60,555	-18,761	28,293	-281,977	-15,952	12,903	36,362	-17,180	-26,801	-8,178	47,613	-30,976	-38,987	12,597	17,812	-313,477	170,819	-43,547	14,684
Effect of exchange rate changes on cash and cash equivalents, including restricted cash
-10,824	1,441	-1,992	-225	-17	237	-906	-4,473	738	420	1,029	1,626	1,403	-5,731	404	2,045	5,006	-4,383	23	710	6,975	-1,694	-3,249	-712	-479	332	-108	-2,294	-1,851	507	3,567	-6,627	1,554	-2,438	-7,456	1,411	2,029	1,697	4,768	-3,711	-583
Net increase in cash and cash equivalents, including restricted cash
9,056	-18,187	-31,160	21,394	20,539	2,595	-2,536	-440	1,318	846	2,587	-1,653	-7,450	-8,032	10,673	-1,167	-9,351	21,762	-9,154	599	3,706	-9,760	-4,864	-5,895	-10,243	-22,207	26,811	-3,940	-2,309	-18,490	-7,629	-15,235	15,420	14,896	10,993	-6,017	-22,926	-206,099	227,885	17,058	-8,790
Change in accrual for purchases of property, plant and equipment included in accounts payable
-281	-	-	-	6,473	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of businesses, net of cash acquired
Payments to Acquire Businesses, Net of Cash Acquired
4,157	0	39,010	585,165	-680	-	-	-	-	-	-	-	-	0	0	0	26	83	-52	929	6,828	92	198	0	26,046	8	2,841	0	0	-	-	-	-	-	-	-	-	0	0	59	27,584
Restructuring Costs, Program Two
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,312	12,246	-	-	-	-	-	-	-	-