Kraton Corp KRA Cash Flow

Kraton corp (KRA)

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
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
251,225	55,817	97,212	119,574	62,072	70,521	121,117	72,989	110,518	92,646	18,147	37,841	21,284	104,640	104,442	97,618	84,757	-12,529	-25,496	-17,198	-337	1,210	23,715	1,546	-5,345	-975	-35,151	-44,798	-36,368	-16,191	-7,761	50,831	85,401	90,925	0	0	0
Adjustments to reconcile consolidated net income to net cash provided by operating activities:
Depreciation and amortization
135,822	136,171	134,007	134,320	137,556	141,410	140,755	139,945	139,395	137,162	133,785	131,455	128,647	125,658	109,154	93,322	76,951	62,093	63,464	63,871	65,129	66,242	66,159	65,421	64,493	63,182	63,364	63,659	63,803	64,554	63,659	64,239	63,958	62,735	0	0	0
Lease amortization
24,490	23,093	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt original issue discount
945	1,064	1,072	1,063	1,379	2,202	3,181	4,234	5,166	6,169	8,020	8,339	8,425	7,987	4,849	3,170	1,523	-174	-173	-170	-166	-164	-160	-157	-155	-153	-150	-184	-146	-108	0	0	0	-	-	-	-
Amortization of debt issuance costs
4,600	4,700	4,700	4,800	5,000	5,800	6,691	7,329	7,919	8,400	9,666	9,506	9,122	8,700	5,908	4,691	3,641	2,233	2,226	2,222	2,221	2,223	2,213	2,193	2,161	7,389	7,592	7,839	8,099	2,986	2,890	2,760	2,628	6,722	0	0	0
Amortization of deferred income
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposal of property, plant, and equipment
-709	-773	-1,789	-1,809	-2,142	-2,169	-816	-887	-570	-514	-274	-539	-554	-665	-749	-358	-302	-237	-287	-322	-348	-314	48	-47	53	52	37	115	-757	-415	-477	-500	273	-90	0	0	0
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal
-	-	-	-	-	-	-	-	-	-	-	-	-	28,416	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on extinguishment of debt
-17,685	-3,521	265	265	-72,065	-79,866	-79,940	-95,572	-23,242	-35,389	-35,370	-19,738	-19,738	-13,423	-13,423	-13,423	-13,423	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-2,985	0	0	0
Earnings from unconsolidated joint venture, net of dividends received
66	62	34	31	-76	-74	-72	-46	-50	49	54	21	45	-15	-3	-1	-39	43	-7	-22	3	-80	-4	32	26	108	46	63	-421	130	707	1,169	651	14	0	0	0
Deferred income tax provision
0	-	0	0	0	-	0	0	-64,918	-	-11,792	-8,099	-11,143	-12,609	-5,187	-4,817	-3,503	-3,114	-1,571	-2,082	-2,384	-2,523	-16,031	-17,580	-17,018	-15,546	13,383	8,919	9,439	9,948	-21,218	-14,298	-11,608	-10,461	0	0	0
Gain on disposition and exit of business activities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Release of valuation allowance
-	-	-	-	-	-	-	-	-	-	-	-	-	86,273	86,631	86,631	86,631	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation
9,032	9,493	8,640	8,476	8,509	8,102	7,881	7,605	7,555	7,627	8,428	8,350	8,225	8,334	9,686	9,577	9,489	9,015	8,608	8,850	9,470	10,475	10,000	9,558	8,985	7,894	7,688	7,364	7,214	6,571	6,508	6,247	6,045	5,459	0	0	0
Decrease (increase) in:
Accounts receivable
-36,653	-5,848	-35,545	-7,680	27,577	7,841	4,910	18,489	11,003	-19,237	38,333	39,410	15,163	17,526	13,570	19,187	236	5,149	-14,491	-28,203	-13,289	-13,005	-6,400	-19,452	-10,172	1,158	-20,968	-18,774	57,843	-16,646	-11,874	15,142	-71,499	7,704	0	0	0
Inventories of products, materials, and supplies
-33,496	-46,533	16,234	44,991	65,886	58,077	50,536	1,841	-36,481	22,269	36,909	65,355	57,044	-26,252	-41,103	-33,088	-38,647	-47,530	-63,375	-57,243	-33,778	15,883	43,088	10,169	-11,094	-11,246	-26,097	-45,237	-81,425	-53,615	-86,514	2,386	85,564	74,965	0	0	0
Other assets
-12,933	-10,986	-8,534	-10,490	-2,352	-12,304	-27,177	-26,232	-25,338	-12,941	11,308	13,599	-628	8,181	6,488	452	16,036	5,466	3,853	8,889	6,833	6,437	10,199	2,830	-1,340	-179	-4,798	2,665	5,625	1,695	-8,457	-3,388	-23,809	-7,841	0	0	0
Increase (decrease) in:
Accounts payable-trade
2,685	-3,472	-1,785	13,587	20,821	20,271	11,877	28,108	-13,671	8,275	18,425	18,659	43,711	13,177	-7,903	-9,421	-1,224	-7,910	-8,349	-4,387	-27,964	-35,368	-6,982	-17,830	-22,344	14,944	-7,310	-17,919	8,482	8,680	14,268	21,939	21,219	3,418	0	0	0
Other payables and accruals
13,940	-20,018	-20,351	-6,616	-8,855	-18,693	-32,445	-8,897	8,350	13,463	3,797	-8,555	-9,625	-23,455	19,283	5,647	371	21,232	7,433	389	-504	-30	7,353	6,893	10,084	934	-10,047	-14,357	-19,846	-6,481	-12,376	-7,232	-2,235	-12,025	0	0	0
Other long-term liabilities
-15,430	-13,401	4,009	7,527	13,523	13,742	1,047	-4,843	-3,603	-1,802	-4,183	8,068	-452	5,881	2,932	652	7,701	-163	2,624	-4,747	-6,119	-3,849	-4,857	604	1,770	3,384	3,324	1,032	411	-1,534	-1,593	-3,024	-12,588	-4,120	0	0	0
Due to related party
2,483	-3,644	-2,097	89	-4,666	1,245	2,823	-3,214	697	3,721	2,471	5,041	4,428	155	-3,349	-1,270	-234	-3,945	1,974	-3,159	-8,138	-4,598	-5,887	1,231	7,485	14,296	7,759	-5,011	-2,522	3,623	7,059	12,617	9,696	-6,111	0	0	0
Net cash provided by (used in) operating activities
266,326	234,940	228,756	234,443	196,223	246,579	256,580	277,365	272,151	255,440	147,788	124,481	168,524	138,468	148,403	99,768	83,729	103,847	130,208	125,651	76,948	29,858	28,592	58,347	72,643	105,456	102,232	73,146	69,483	146,333	163,413	119,270	164,988	64,775	0	0	0
CASH FLOWS FROM INVESTING ACTIVITIES
Payments to Acquire Property, Plant, and Equipment
98,807	103,688	110,373	107,884	99,076	100,122	93,675	90,655	95,317	99,223	107,915	110,266	107,982	99,205	77,566	68,765	60,842	57,065	61,243	63,925	65,918	66,398	67,044	64,904	69,893	69,143	72,208	77,200	70,675	65,006	0	0	0	-	-	-	-
KFPC purchase of property, plant, and equipment
234	965	1,473	2,518	3,328	2,746	6,905	6,551	11,746	17,103	15,181	18,713	17,619	20,386	40,003	47,733	61,462	69,105	56,567	56,055	55,265	44,277	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of software and other intangibles
6,821	8,019	10,873	9,822	11,079	8,229	5,936	6,023	5,188	6,265	6,130	7,840	7,024	5,862	5,500	2,924	2,383	2,572	2,749	3,061	3,189	3,710	4,743	4,969	5,480	5,125	0	0	0	-	-	-	-	-	-	-	-
Cash proceeds from disposition and exit of business activities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	1,312,105	1,312,105	1,312,105	1,317,252	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	72,803	72,803	72,803	72,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of property, plant, and equipment, net of proceeds from sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Purchase of software
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0
Settlement of net investment hedge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,490	4,473	5,414	2,560	335	0	0	0	-	-	-	-
Net cash provided by (used in) investing activities
408,586	-108,724	-118,771	-120,224	-113,483	-111,097	-106,516	-103,229	-112,251	-122,591	-129,226	-136,819	-126,675	-1,364,755	-1,362,371	-1,358,724	-1,369,939	-128,742	-120,559	-123,041	-124,372	-114,385	-109,247	-104,547	-92,555	-88,695	-90,885	-87,053	-76,902	-69,944	-57,329	-50,062	-58,219	-64,440	0	0	0
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from debt
114,441	57,941	58,941	59,250	540,426	732,540	731,540	1,019,910	535,781	739,167	744,167	437,797	420,000	1,787,965	1,782,965	1,787,965	1,787,965	30,000	40,000	40,000	64,000	39,000	29,000	24,000	0	40,000	40,000	40,000	40,000	101,250	101,250	101,250	101,250	400,000	0	0	0
Repayments of debt
629,917	198,053	99,135	132,937	621,057	828,747	897,857	1,231,579	743,006	938,006	842,012	459,797	462,000	485,133	480,133	455,133	455,133	30,000	40,000	40,000	44,000	39,000	29,000	24,000	40,000	136,875	136,875	178,751	140,626	45,626	47,501	7,500	9,375	393,160	0	0	0
KFPC proceeds from debt
54,513	34,240	33,262	29,321	29,321	24,918	33,227	18,506	45,160	48,207	52,426	52,455	38,040	36,896	48,840	61,611	72,217	80,094	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
KFPC repayments of debt
81,096	59,700	58,010	50,686	47,204	52,947	48,084	44,905	41,581	16,244	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital lease payments
172	169	243	465	685	902	1,046	1,030	985	964	870	657	474	272	139	137	136	133	99	1,577	3,028	6,007	8,007	6,495	5,011	2,950	950	950	950	0	0	0	0	-	-	-	-
Contribution from noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	41,630	30,216	15,174	15,174	0	0	0	0	-	-	-	-
Purchase of treasury stock
10,815	12,821	12,865	7,905	3,125	6,189	6,052	6,796	6,535	2,298	2,305	1,519	1,532	975	975	18,179	19,424	31,899	50,570	33,403	32,383	19,383	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the exercise of stock options
879	2,424	1,642	3,140	3,310	3,133	11,131	10,983	11,269	10,952	4,785	5,776	5,338	4,456	2,629	294	1,014	1,026	1,041	1,425	1,094	1,448	1,860	1,467	966	741	423	983	983	933	820	666	2,635	8,271	0	0	0
Settlement of interest rate swap
1,295	0	0	3	3	-2,584	-2,584	-1,708	-1,708	879	879	0	0	5,155	5,155	5,155	5,155	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from insurance note payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,734	0	0	0
Repayments of insurance note payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,734	0	0	0
Debt issuance costs
-	-	-	-	-	11,113	11,514	14,704	8,122	14,330	13,929	9,971	9,848	57,646	59,603	59,603	59,073	1,957	0	0	0	-	-	-	-	4,794	4,794	5,222	3,545	3,156	3,156	2,728	3,011	15,231	0	0	0
Net cash provided by (used in) financing activities
-553,462	-176,138	-76,408	-101,053	-107,020	-136,723	-186,071	-248,623	-207,027	-175,111	-75,577	24,084	-10,476	1,280,136	1,288,429	1,311,663	1,322,275	47,131	5,994	8,782	5,175	-24,427	4,078	20,761	-19,695	-62,248	-71,980	-128,766	-88,964	53,401	51,413	91,688	87,239	-120	0	0	0
Effect of exchange rate differences on cash
-7,109	-936	-1,825	-4,616	-3,412	-1,920	-1,603	1,079	7,914	9,565	2,585	6,414	-5,685	-2,149	5,288	-2,369	2,522	-6,005	-14,131	-17,069	-15,279	-13,100	-5,766	2,661	808	-1,807	2,992	3,380	-975	4,797	-774	-179	3,437	-4,386	0	0	0
Net increase (decrease) in cash and cash equivalents
114,341	-50,858	31,752	8,550	-27,692	-3,161	-37,610	-73,408	-39,213	-32,697	-54,430	18,160	25,688	51,700	79,749	50,338	38,587	16,231	1,512	-5,677	-57,528	-122,054	-82,343	-22,778	-38,799	-47,294	-57,641	-139,293	-97,358	134,587	156,723	160,717	197,445	-4,171	0	0	0
Supplemental disclosures during the period:
Cash paid for income taxes, net of refunds received
5,654	7,804	11,668	13,019	8,133	4,715	-15,027	-12,092	-11,199	-5,395	14,965	13,002	13,454	10,723	8,693	7,598	8,169	6,340	6,892	6,689	10,394	10,724	10,755	12,087	6,535	8,885	8,943	8,791	17,603	14,241	13,469	11,986	4,395	6,817	0	0	0
Cash paid for interest, net of capitalized interest
70,097	56,407	70,460	71,128	91,515	106,838	109,774	107,574	107,586	103,995	131,022	131,155	113,757	115,706	56,439	48,863	29,664	21,157	21,033	21,238	21,971	22,396	22,389	21,860	21,512	23,543	24,755	26,522	28,065	24,402	25,072	22,899	22,778	22,829	0	0	0
Capitalized interest
2,824	3,625	4,261	4,345	4,375	3,882	3,441	3,306	3,539	4,042	5,137	5,615	6,243	5,825	4,865	4,301	3,966	4,185	4,326	4,253	3,578	3,198	3,443	3,592	3,855	4,180	3,722	3,457	3,126	2,648	0	0	0	-	-	-	-
Supplemental non-cash disclosures: increase (decrease) during the period
Property, plant, and equipment accruals
-7,364	-2,277	-645	-3,105	2,719	1,891	-1,211	342	-5,470	11,957	18,451	22,568	40,352	31,677	31,354	40,581	28,594	16,883	15,341	5,178	-6,383	5,375	7,644	6,601	20,430	8,757	11,967	9,968	10,808	7,512	0	0	0	-	-	-	-
Operating leases
41,300	105,308	89,397	86,739	70,878	0	0	0	0	-	-	-	-	-	-	-	-	681	681	681	681	7,033	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-