Lancaster colony corporation (LANC)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09
Cash Flows From Operating Activities:
Net Income (Loss) Attributable to Parent

22,429

43,424

40,745

33,010

30,604

47,907

39,028

32,387

27,621

45,920

29,386

28,487

14,471

38,956

33,400

30,614

29,011

34,511

27,628

25,568

20,403

32,954

22,761

21,327

-10,376

39,234

24,801

25,477

21,833

35,277

26,662

25,955

18,222

30,373

21,258

29,293

19,441

34,863

22,767

22,815

24,222

39,527

28,405

Adjustments to reconcile net income to net cash provided by operating activities:
Impacts of noncash items:
Depreciation and amortization

9,761

9,161

8,750

9,171

8,219

7,514

6,944

6,997

6,869

6,614

6,416

6,556

6,407

5,957

5,986

6,029

5,969

6,110

6,039

6,174

5,272

4,899

4,766

4,811

4,947

5,376

5,273

4,990

5,153

5,007

4,964

5,108

5,045

5,075

5,038

4,471

4,646

4,859

4,964

4,867

4,784

5,460

5,422

Change in contingent consideration

65

64

63

-6,663

88

-9,605

0

538

521

505

488

474

458

224

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes and other changes

6,791

2,001

833

3,426

1,025

2,006

879

131

1,099

-8,110

-1,622

5,923

-3,423

593

-746

-1,451

657

1,060

-791

-2,221

1,397

2,348

-1,218

-2,424

4,472

1,604

-932

1,930

196

618

-1,466

783

1,158

56

3,150

3,037

4,097

137

1,409

6

868

1,080

-171

Stock-based compensation expense

1,478

1,423

1,436

1,430

1,180

1,831

1,531

1,555

1,171

1,150

1,163

1,138

955

1,010

1,145

1,186

787

568

785

829

692

708

811

695

577

553

647

690

588

752

871

931

796

641

554

-

-

-

-

-

-

-

-

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

326

225

186

107

214

75

167

93

888

31

8

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restructuring and impairment charges

0

0

-268

1,643

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

149

0

-424

952

Gain on sale of property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

6

-435

-359

40

1

76

16

0

0

-

-

-

-

-

-

-

-

Pension plan activity

122

121

215

147

147

146

309

72

114

114

134

61

61

61

61

74

74

74

74

147

148

148

148

61

60

61

61

16

15

15

15

27

28

27

1,040

-116

1,209

117

116

694

-656

134

117

Changes in operating assets and liabilities:
Receivables

10,587

-14,498

15,869

-5,472

9,205

-13,310

10,325

-3,788

8,389

-14,587

13,026

-4,336

3,003

-748

4,679

-4,202

9,480

-13,364

11,633

-7,081

7,754

-4,109

5,336

-3,932

-5,853

4,040

12,626

-20,985

1,310

-5,107

23,260

-14,106

2,339

-878

21,408

-14,418

-9,982

5,018

15,767

-11,783

-5,510

7,466

17,248

Inventories

5,776

-3,942

8,353

-7,048

793

-11,988

11,961

2,747

10,455

-7,607

8,890

-3,257

-482

-10,079

13,668

247

-4,621

-9,684

12,256

5,630

-361

-9,730

4,095

6,779

8,710

-20,507

3,896

19,517

-9,036

-20,186

11,026

9,420

6,981

-16,945

-1,637

7,764

10,400

-37,537

9,749

24,156

15,057

-28,251

8,204

Other current assets

13,620

2,586

-616

6,165

-789

472

-2,763

-2,467

-6,402

12,676

-5,971

-3,569

7,445

2,655

-3,573

-2,576

1,182

2,536

-2,587

-7,082

8,886

284

-7,317

-12,455

20,318

-153

-6,563

-943

4,411

2,112

-727

-4,448

5,085

-1,411

-4,762

-2,548

7,559

-2,574

-2,754

-2,595

6,790

-939

3,499

Accounts payable and accrued liabilities

3,340

-6,522

12,357

5,963

-1,552

-1,978

12,310

-1,159

8,159

-10,442

19,162

-13,876

22,248

-24,237

20,558

1,760

-3,858

-21,327

21,212

-2,420

2,448

-7,167

11,227

-3,573

-4,801

-5,754

6,776

1,651

-4,272

-13,387

18,902

-4,524

7,772

-6,296

3,612

1,010

4,027

-8,876

2,768

1,025

4,834

-17,193

13,102

Net cash provided by operating activities

13,759

65,284

40,095

54,175

30,208

72,355

40,860

43,875

32,884

45,041

38,914

39,174

31,089

30,614

45,508

45,332

26,125

41,135

33,311

36,209

13,571

47,074

35,918

30,296

14,723

57,541

26,531

36,774

27,157

51,393

16,358

37,284

18,544

49,056

17,563

49,426

22,559

66,207

9,262

20,817

17,693

50,305

18,876

Cash Flows From Investing Activities:
Payments for property additions

14,306

14,511

43,189

26,914

16,028

18,198

9,740

8,464

7,274

6,793

8,494

6,946

8,221

7,694

4,144

5,064

4,245

4,002

3,360

2,546

2,683

5,129

7,940

7,818

3,773

2,250

2,120

5,022

8,766

4,925

5,434

4,169

3,098

4,802

4,278

8,486

12,634

7,498

6,725

4,745

4,387

1,782

1,919

Payments to Acquire Businesses, Net of Cash Acquired

-

-

-

-

-

-

-

0

0

0

318

172

0

34,997

0

0

0

0

12

0

92,217

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

6

1,737

951

147

1

510

385

0

0

-

-

-

-

-

-

-

-

Other-net

167

66

156

194

268

253

71

111

47

-3

-8

-3

6

-2

-92

268

93

48

331

400

465

852

93

326

198

128

528

279

429

57

302

234

422

97

394

641

128

100

-435

383

233

445

275

Net cash used in investing activities

-14,473

-14,577

-43,345

-24,763

-15,645

-76,642

-9,811

-8,537

-7,321

-6,790

-8,804

-5,640

-8,227

-42,689

-4,052

-5,332

-4,338

-4,050

-3,703

-2,946

-95,365

-5,981

-8,033

-8,150

21,645

-2,378

-2,642

-3,564

-8,244

-4,835

-5,735

-3,893

-3,135

-4,899

-4,672

-9,127

-12,762

-7,579

-6,290

-5,087

-4,598

-2,221

-2,194

Cash Flows From Financing Activities:
Payment of dividends

19,272

19,245

17,869

17,866

17,874

17,875

16,495

16,487

16,483

16,469

15,092

15,094

15,092

15,084

13,710

13,709

13,698

150,553

12,586

12,585

12,582

12,581

12,030

12,028

12,027

12,006

10,927

10,929

10,379

146,930

9,825

9,823

9,821

9,812

9,008

9,056

9,073

9,158

8,409

8,471

8,472

8,460

8,027

Purchase of treasury stock

3,915

7

1,465

2,379

3,273

166

1,593

0

249

4

849

0

858

0

8

0

155

0

0

-

-

-

-

0

163

0

2,957

0

609

0

0

0

124

301

7,890

3,539

13,754

15,078

10,732

4,398

0

0

0

Tax withholdings for stock-based compensation

264

2,571

125

151

443

988

778

429

268

189

95

87

668

81

71

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other-net

-263

-119

-118

-117

-115

-88

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

326

225

186

107

214

75

167

93

888

31

8

170

165

217

242

108

115

73

5

-

-

-

-

-

-

-

-

Proceeds from the exercise of stock awards, including tax benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

263

5

1

-

-

-

-

Increase in cash overdraft balance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-324

324

0

0

0

-

-

-

-

-

-

-

2,708

2,000

-705

-1,611

2,316

Proceeds from the exercise of stock awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

353

938

2,985

Net cash used in financing activities

-23,714

-21,942

-19,577

-20,513

-21,705

-19,117

-18,866

-16,916

-17,000

-16,662

-16,036

-15,181

-16,618

-15,165

-13,789

-16,347

-14,501

-149,354

-12,400

-12,478

-12,937

-12,506

-11,863

-11,935

-11,302

-11,975

-14,200

-10,435

-10,823

-146,713

-9,583

-9,715

-9,830

-10,040

-16,893

-15,735

-21,214

-26,939

-16,432

-10,502

-8,824

-9,133

-2,726

Net change in cash and equivalents

-

28,765

-22,827

-

-

-23,404

12,183

18,422

8,563

21,589

14,074

18,353

6,244

-27,240

27,667

23,653

7,286

-112,269

17,208

20,785

-94,731

28,587

16,022

10,211

25,066

43,188

9,689

22,775

8,090

-100,155

1,040

23,676

5,579

34,117

-4,002

24,564

-11,417

31,689

-13,460

5,228

4,271

38,951

13,956

Supplemental Disclosure of Operating Cash Flows:
Net cash payments for income taxes

11,572

18,255

528

-

5,386

19,758

229

-

4,739

31,837

620

-

18,530

36,913

470

-

14,914

31,363

2,237

-

18,363

18,994

478

-

11,925

24,373

643

-

15,373

31,653

390

-

15,648

13,811

728

-

16,900

20,316

605

-

23,186

30,744

1,704