Horizon global corp (HZN)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15
Cash Flows from Operating Activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

-17,030

-31,980

145,250

-8,140

-25,620

-46,980

-33,000

-67,160

-57,760

-21,140

6,560

19,970

-10,160

-22,550

370

7,330

2,190

-

-

-

-

Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

-500

-

-

-

3,780

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss from continuing operations

-16,530

-

-

-

-29,400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,350

2,200

1,480

Adjustments to reconcile net loss from continuing operations to net cash provided by (used for) operating activities:
Net loss (gain) on dispositions of property and equipment

-70

-720

30

30

1,440

-1,690

-140

-270

-110

-890

-330

-70

70

-20

-30

-380

-110

-270

-60

-1,840

50

Depreciation

3,490

3,960

2,660

6,010

3,310

2,920

1,170

4,110

4,130

4,650

3,770

3,280

3,230

2,770

2,500

2,410

2,580

2,160

2,500

2,540

2,540

Amortization of intangible assets

1,570

950

1,340

1,560

1,900

2,610

1,500

1,910

2,230

2,750

2,700

2,390

2,570

2,480

1,840

1,850

1,790

1,800

1,820

1,860

1,860

Impairment of Intangible Assets, Finite-lived

-

-

-

-

-

1,000

26,640

55,700

43,430

0

0

0

0

-

-

-

-

-

-

-

-

Amortization of original issuance discount and debt issuance costs

4,400

3,490

8,670

4,430

5,470

2,280

2,180

1,930

1,940

1,850

1,850

1,850

1,390

700

460

470

460

500

330

0

0

Deferred income taxes

-40

-3,890

-3,360

-1,740

1,710

4,490

-1,520

-1,050

-800

-940

-130

-1,680

2,650

-6,930

-1,130

-1,660

1,290

-300

-5,600

1,510

-530

Non-cash compensation expense

420

360

850

590

350

120

220

490

720

870

930

900

930

1,020

1,010

970

860

780

480

310

960

Paid-in-kind interest

1,570

2,100

3,250

4,370

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

0

0

0

-4,640

0

0

0

0

-

-

-

-

Increase in receivables

15,610

-23,970

-27,650

13,130

19,200

-9,360

-8,500

20,230

20,220

-18,820

-12,020

16,660

23,720

-13,000

-15,610

2,740

21,130

-10,660

-14,990

9,590

21,520

Decrease (increase) in inventories

-15,350

-6,460

-12,550

3,660

6,970

12,570

-5,100

-5,930

5,400

9,790

2,350

-2,630

8,200

9,270

-7,380

-7,420

-5,120

5,360

-9,470

-4,160

8,300

Increase in prepaid expenses and other assets

2,060

220

1,830

-1,760

2,700

-5,080

360

-1,260

-250

2,080

-2,520

-1,640

670

4,630

90

-560

2,140

-2,050

280

630

1,000

Increase in accounts payable and accrued liabilities

11,550

-14,580

-15,200

-10,540

10,180

17,930

-40,040

10,550

2,040

20,980

-15,980

11,460

-12,920

16,340

-7,360

12,090

-14,770

3,010

-9,940

14,930

-2,130

Other, net

-1,530

550

13,570

-15,540

12,770

4,210

40

-1,150

890

380

370

320

-210

-2,150

520

330

-60

-280

500

-850

180

Net cash provided by (used for) operating activities for continuing operations

5,710

-

-

-

-49,560

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used for operating activities

-

-

-

-

-

-

-

-5,140

-30,220

16,480

12,270

25,530

-40,120

7,900

20,100

30,990

-23,580

14,120

19,680

19,980

-26,870

Cash Flows from Investing Activities:
Capital expenditures

4,060

-

-

-

1,550

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures

-

-

-

-

-

1,600

1,870

3,600

4,190

7,020

6,930

5,830

7,510

4,450

3,420

3,250

3,420

1,920

2,260

1,820

2,320

Proceeds from Divestiture of Businesses

0

0

209,600

0

4,970

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from sale of business

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from disposition of property and equipment

-

-

-

-

-

-

-

50

90

5,270

140

830

110

230

0

100

140

-260

300

1,350

120

Net proceeds from disposition of property and equipment

-70

-

-

-

-1,390

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used for) provided by investing activities for continuing operations

-3,990

-

-

-

4,810

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used for investing activities

-

-

-

-

-

-

-

-3,550

-4,100

-1,750

-26,590

-5,000

-7,400

-98,590

-3,420

-3,150

-3,280

-2,180

-1,960

-470

-2,200

Cash Flows from Financing Activities:
Proceeds from borrowings on credit facilities

580

-330

-320

870

13,230

10,830

9,920

-210

2,840

15,340

36,750

-120

340

1,660

1,000

15,760

23,400

18,920

27,320

43,170

29,930

Repayments of borrowings on credit facilities

630

970

5,680

10

830

14,130

5,720

8,270

400

9,280

38,740

1,290

1,600

1,170

1,750

13,550

23,730

23,470

30,010

35,370

30,040

Proceeds from Second Lien Term Loan, net of issuance costs

0

-20

0

0

35,520

0

45,430

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of borrowings on First Lien Term Loan, inclusive of transaction costs

0

0

163,340

2,610

7,480

2,600

2,550

1,990

1,950

1,940

2,020

1,950

183,850

2,500

2,500

2,500

2,500

2,500

2,500

0

0

Proceeds from ABL revolving debt, net of issuance costs

54,680

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from ABL revolving debt, net of issuance costs

8,000

-

-

-

27,340

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of borrowings on ABL revolving debt

27,920

-

-

-

45,260

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from ABL Revolving Debt, net of issuance costs

-

-

-

-

-

-

-

24,830

41,280

24,600

32,100

30,600

51,800

13,200

23,300

30,230

51,700

19,220

30,180

7,720

0

Repayments of borrowings on ABL Facility

-

-

-

-

-

1,550

21,320

2,230

11,280

34,600

32,100

30,600

31,800

20,000

26,500

45,230

26,700

28,450

30,980

0

0

Proceeds from issuance of Series A Preferred Stock

0

0

0

0

5,340

0

0

0

0

-

0

0

79,920

-

0

0

0

-

-

-

-

Proceeds from issuance of Convertible Notes, net of issuance costs

-

-

-

-

-

-

-

-

-

0

180

10

120,940

0

0

0

0

-

-

-

-

Proceeds from issuance of Warrants

0

-110

0

0

5,380

0

0

0

0

0

0

0

20,930

0

0

0

0

-27,630

0

-980

28,610

Payments on Convertible Note Hedges, inclusive of issuance costs

-

-

-

-

-

-

-

-

-

-

0

0

29,680

-

0

0

0

-

-

-

-

Other, net

-60

110

0

0

-10

-90

-90

-10

-200

0

0

0

-240

-

-

-

-

-

-

-

-

Net cash provided by financing activities for continuing operations

34,650

-

-

-

33,230

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued Operations:
Net cash used for discontinued investing activities

-500

-

-

-

9,120

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used for discontinued investing activities

0

-

-

-

-440

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by discontinued financing activities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used for) provided by discontinued operations

-500

-

-

-

8,680

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

260

-

0

0

0

Net cash provided by financing activities

-

-

-

-

-

-

-

12,120

30,290

-5,880

-5,470

-11,710

26,760

100,300

-6,420

-15,290

21,910

-16,380

-6,040

-6,990

28,500

Effect of exchange rate changes on cash, cash equivalents and restricted cash

-230

250

-10

140

150

-150

120

-780

700

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) for the period

35,640

-4,590

-400

-8,200

-2,690

340

-1,580

2,650

-3,330

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash

-

-

-

-

-

-

-

-

-

250

690

590

680

-790

120

-220

140

-170

-600

-620

0

Increase (decrease) for the year

-

-

-

-

-

-

-

-

-

9,100

-19,100

9,410

-20,080

8,820

10,380

12,330

-4,810

-4,610

11,080

11,900

-570

Supplemental disclosure of cash flow information:
Cash paid for interest

3,150

330

7,980

5,130

6,620

5,200

5,880

3,130

4,420

4,180

2,870

2,880

4,340

6,150

3,670

3,770

3,740

4,110

3,540

130

90

Cash paid for taxes, net of refunds

200

-

-

-

30

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for taxes

-

-

-

-

-

-

-1,600

2,420

1,350

1,630

1,390

4,050

670

-

-

-

-

-

-

-

-