Kraton Corp KRA Cash Flow

Kraton corp (KRA)

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
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
209,020	-22,108	20,915	43,398	13,612	19,287	43,277	-14,104	22,061	69,883	-4,851	23,425	4,189	-4,616	14,843	6,868	87,545	-4,814	8,019	-5,993	-9,741	-17,781	16,317	10,868	-8,194	4,724	-5,852	3,977	-3,824	-29,452	-15,499	12,407	16,353	-21,022	43,093	46,977	21,877
Adjustments to reconcile consolidated net income to net cash provided by operating activities:
Depreciation and amortization
31,173	37,941	34,804	31,904	31,522	35,777	35,117	35,140	35,376	35,122	34,307	34,590	33,143	31,745	31,977	31,782	30,154	15,241	16,145	15,411	15,296	16,612	16,552	16,669	16,409	16,529	15,814	15,741	15,098	16,711	16,109	15,885	15,849	15,816	16,689	15,604	14,626
Lease amortization
6,164	5,929	5,849	6,548	4,767	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt original issue discount
148	256	272	269	267	264	263	585	1,090	1,243	1,316	1,517	2,093	3,094	1,635	1,603	1,655	-44	-44	-44	-42	-43	-41	-40	-40	-39	-38	-38	-38	-36	-72	0	0	-	-	-	-
Amortization of debt issuance costs
1,000	1,200	1,200	1,200	1,100	1,200	1,300	1,400	1,900	2,091	1,938	1,990	2,381	3,357	1,778	1,606	1,959	565	561	556	551	558	557	555	553	548	537	523	5,781	751	784	783	668	655	654	651	4,762
Amortization of deferred income
3,497	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposal of property, plant, and equipment
64	-790	17	0	0	-1,806	-3	-333	-27	-453	-74	-16	29	-213	-339	-31	-82	-297	52	25	-17	-347	17	-1	17	15	-78	99	16	0	0	-773	358	-62	-23	0	-5
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal
-	-	-	-	-	-	-	-	-	-	-	-	-	-11,585	0	-5,250	45,251	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on extinguishment of debt
-13,954	-3,731	0	0	210	55	0	-72,330	-7,591	-19	-15,632	0	-19,738	0	0	0	-13,423	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-2,985
Earnings from unconsolidated joint venture, net of dividends received
-406	142	103	227	-410	114	100	120	-408	116	126	116	-309	121	93	140	-369	133	95	102	-287	83	80	127	-370	159	116	121	-288	97	133	-363	263	674	595	-881	-374
Deferred income tax provision
-64,319	-	5,656	3,543	-595	-	6,237	-2,565	-91	-	-3,209	860	-1,177	-8,266	484	-2,184	-2,643	-844	854	-870	-2,254	699	343	-1,172	-2,393	-12,809	-1,206	-610	-921	16,120	-5,670	-90	-412	-15,046	1,250	2,600	735
Gain on disposition and exit of business activities
175,214	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Release of valuation allowance
-	-	-	-	-	-	-	-	-	-	-	-	-	-358	0	0	86,631	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation
2,848	1,335	2,659	2,190	3,309	482	2,495	2,223	2,902	261	2,219	2,173	2,974	1,062	2,141	2,048	3,083	2,414	2,032	1,960	2,609	2,007	2,274	2,580	3,614	1,532	1,832	2,007	2,523	1,326	1,508	1,857	1,880	1,263	1,247	1,655	1,294
Decrease (increase) in:
Accounts receivable
32,359	-25,530	-44,975	1,493	63,164	-55,227	-17,110	36,750	43,428	-58,158	-3,531	29,264	13,188	-588	-2,454	5,017	15,551	-4,544	3,163	-13,934	20,464	-24,184	-10,549	980	20,748	-17,579	-23,601	10,260	32,078	-39,705	-21,407	86,877	-42,411	-34,933	5,609	236	36,792
Inventories of products, materials, and supplies
18,914	-52,083	-16,498	16,171	5,877	10,684	12,259	37,066	-1,932	3,143	-36,436	-1,256	56,818	17,783	-7,990	-9,567	-26,478	2,932	25	-15,126	-35,361	-12,913	6,157	8,339	14,300	14,292	-26,762	-12,924	14,148	-559	-45,902	-49,112	41,958	-33,458	42,998	34,066	31,359
Other assets
-2,808	-6,691	-501	-2,933	-861	-4,239	-2,457	5,205	-10,813	-19,112	-1,512	6,099	1,584	5,137	779	-8,128	10,393	3,444	-5,257	7,456	-177	1,831	-221	5,400	-573	5,593	-7,590	1,230	588	974	-127	4,190	-3,342	-9,178	4,942	-16,231	12,626
Increase (decrease) in:
Accounts payable-trade
5,023	12,715	-29,678	14,625	-1,134	14,402	-14,306	21,859	-1,684	6,008	1,925	-19,920	20,262	16,158	2,159	5,132	-10,272	-4,922	641	13,329	-16,958	-5,361	4,603	-10,248	-24,362	23,025	-6,245	-14,762	12,926	771	-16,854	11,639	13,124	6,359	-9,183	10,919	-4,677
Other payables and accruals
24,561	697	-7,245	-4,073	-9,397	364	6,490	-6,312	-19,235	-13,388	30,038	10,935	-14,122	-23,054	17,686	9,865	-27,952	19,684	4,050	4,589	-7,091	5,885	-2,994	3,696	-6,617	13,268	-3,454	6,887	-15,767	2,287	-7,764	1,398	-2,402	-3,608	-2,620	6,395	-12,192
Other long-term liabilities
-4,206	-1,084	-5,573	-4,567	-2,177	16,326	-2,055	1,429	-1,958	3,631	-7,945	2,669	-157	1,250	4,306	-5,851	6,176	-1,699	2,026	1,198	-1,688	1,088	-5,345	-174	582	80	116	992	2,196	20	-2,176	371	251	-39	-3,607	-9,193	8,719
Due to related party
2,619	-10	334	-460	-3,508	1,537	2,520	-5,215	2,403	3,115	-3,517	-1,304	5,427	1,865	-947	-1,917	1,154	-1,639	1,132	-881	-2,557	4,280	-4,001	-5,860	983	2,991	3,117	394	7,794	-3,546	-9,653	2,883	13,939	-110	-4,095	-38	-1,868
Net cash provided by (used in) operating activities
1,182	116,174	82,808	66,162	-30,204	109,990	88,495	27,942	20,152	119,991	109,280	22,728	3,441	12,339	85,973	66,771	-26,615	22,274	37,338	50,732	-6,497	48,635	32,781	2,029	-53,587	47,369	62,536	16,325	-20,774	44,145	33,450	12,662	56,076	61,225	-10,693	58,380	-44,137
CASH FLOWS FROM INVESTING ACTIVITIES
Payments to Acquire Property, Plant, and Equipment
17,446	27,390	26,313	27,658	22,327	34,075	23,824	18,850	23,373	27,628	20,804	23,512	27,279	36,320	23,155	21,228	18,502	14,681	14,354	13,305	14,725	18,859	17,036	15,298	15,205	19,505	14,896	20,287	14,455	22,570	19,888	13,762	8,786	-	-	-	-
KFPC purchase of property, plant, and equipment
52	646	-106	-358	783	1,154	939	452	201	5,313	585	5,647	5,558	3,391	4,117	4,553	8,325	23,008	11,847	18,282	15,968	10,470	11,335	17,492	4,980	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of software and other intangibles
2,089	745	2,453	1,534	3,287	3,599	1,402	2,791	437	1,306	1,489	1,956	1,514	1,171	3,199	1,140	352	809	623	599	541	986	935	727	1,062	2,019	1,161	1,238	707	-	-	-	-	-	-	-	-
Cash proceeds from disposition and exit of business activities
510,500	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-5,147	1,317,252	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	803	72,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of property, plant, and equipment, net of proceeds from sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,660	18,542	16,518
Purchase of software
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	466	1,643	-	1,847	989	132
Settlement of net investment hedge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	265	0	2,225	1,983	1,206	-2,854	0	-	-	-	-
Net cash provided by (used in) investing activities
490,913	-28,781	-24,712	-28,834	-26,397	-38,828	-26,165	-22,093	-24,011	-34,247	-22,878	-31,115	-34,351	-40,882	-30,471	-20,971	-1,272,431	-38,498	-26,824	-32,186	-31,234	-30,315	-29,306	-33,517	-21,247	-25,177	-24,606	-21,525	-17,387	-27,367	-20,774	-11,374	-10,429	-14,752	-13,507	-19,531	-16,650
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from debt
76,000	0	17,691	20,750	19,500	1,000	18,000	501,926	211,614	0	306,370	17,797	415,000	5,000	0	0	1,782,965	0	5,000	0	25,000	10,000	5,000	24,000	0	0	0	0	40,000	0	0	0	101,250	0	0	0	400,000
Repayments of debt
436,174	130,802	44,691	18,250	4,310	31,884	78,493	506,370	212,000	100,994	412,215	17,797	407,000	5,000	30,000	20,000	430,133	0	5,000	20,000	5,000	10,000	5,000	24,000	0	0	0	40,000	96,875	0	41,876	1,875	1,875	1,875	1,875	3,750	385,660
KFPC proceeds from debt
34,873	978	18,662	0	14,600	0	14,721	0	10,197	8,309	0	26,654	13,244	12,528	29	12,239	12,100	24,472	12,800	22,845	19,977	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
KFPC repayments of debt
40,990	6,553	26,747	6,806	19,594	4,863	19,423	3,324	25,337	0	16,244	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital lease payments
44	43	43	42	41	117	265	262	258	261	249	217	237	167	36	34	35	34	34	33	32	0	1,512	1,484	3,011	2,000	0	0	950	0	0	0	0	-	-	-	-
Contribution from noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,414	15,042	0	15,174	0	0	0	0	-	-	-	-
Purchase of treasury stock
678	94	5,002	5,041	2,684	138	42	261	5,748	1	786	0	1,511	8	0	13	954	8	17,204	1,258	13,429	18,679	37	238	429	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the exercise of stock options
0	782	3	94	1,545	0	1,501	264	1,368	7,998	1,353	550	1,051	1,831	2,344	112	169	4	9	832	181	19	393	501	535	431	0	0	310	113	560	0	260	0	406	1,969	5,896
Settlement of interest rate swap
1,295	0	0	0	0	0	3	0	-2,587	0	879	0	0	0	0	0	5,155	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from insurance note payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,734
Repayments of insurance note payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	4,260	474
Debt issuance costs
-	-	-	-	-	0	768	7,235	3,110	401	3,958	653	9,318	0	0	530	57,116	1,957	0	0	0	-	-	-	-	0	0	1,677	3,117	0	428	0	2,728	0	0	283	14,948
Net cash provided by (used in) financing activities
-368,308	-135,732	-40,127	-9,295	9,016	-36,002	-64,772	-15,262	-20,687	-85,350	-127,324	26,334	11,229	14,184	-27,663	-8,226	1,301,841	22,477	-4,429	2,386	26,697	-18,660	-1,641	-1,221	-2,905	9,845	15,042	-41,677	-45,458	113	-41,744	-1,875	96,907	-1,875	-1,469	-6,324	9,548
Effect of exchange rate differences on cash
-7,318	112	1,437	-1,340	-1,145	-777	-1,354	-136	347	-460	1,328	6,699	1,998	-7,440	5,157	-5,400	5,534	-3	-2,500	-509	-2,993	-8,129	-5,438	1,281	-814	-795	2,989	-572	-3,429	4,004	3,377	-4,927	2,343	-1,567	3,972	-1,311	-5,480
Net increase (decrease) in cash and cash equivalents
116,469	-48,227	19,406	26,693	-48,730	34,383	-3,796	-9,549	-24,199	-66	-39,594	24,646	-17,683	-21,799	32,996	32,174	8,329	6,250	3,585	20,423	-14,027	-8,469	-3,604	-31,428	-78,553	31,242	55,961	-47,449	-87,048	20,895	-25,691	-5,514	144,897	43,031	-21,697	31,214	-56,719
Supplemental disclosures during the period:
Cash paid for income taxes, net of refunds received
1,987	-1,547	-423	5,637	4,137	2,317	928	751	719	-17,425	3,863	1,644	6,523	2,935	1,900	2,096	3,792	905	805	2,667	1,963	1,457	602	6,372	2,293	1,488	1,934	820	4,643	1,546	1,782	9,632	1,281	774	299	2,041	3,703
Cash paid for interest, net of capitalized interest
19,699	14,718	20,336	15,344	6,009	28,771	21,004	35,731	21,332	31,707	18,804	35,743	17,741	58,734	18,937	18,345	19,690	-533	11,361	-854	11,183	-657	11,566	-121	11,608	-664	11,037	-469	13,639	548	12,804	1,074	9,976	1,218	10,631	953	10,027
Capitalized interest
404	513	1,072	835	1,205	1,149	1,156	865	712	708	1,021	1,098	1,215	1,803	1,499	1,726	797	843	935	1,391	1,016	984	862	716	636	1,229	1,011	979	961	771	746	648	483	-	-	-	-
Supplemental non-cash disclosures: increase (decrease) during the period
Property, plant, and equipment accruals
2,110	-3,841	641	-6,274	7,197	-2,209	-1,819	-450	6,369	-5,311	-266	-6,262	23,796	1,183	3,851	11,522	15,121	860	13,078	-465	3,410	-682	2,915	-12,026	15,168	1,587	1,872	1,803	3,495	4,797	-127	2,643	199	-	-	-	-
Operating leases
6,870	15,911	2,658	15,861	70,878	0	0	0	0	-	-	-	-	-	-	-	-	0	0	0	681	0	0	0	7,033	-	-	-	-	-	-	-	-	-	-	-	-