LIBBEY INC LBY Cash Flow

Libbey inc (LBY)

CashFlow / Quarterly

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	Jun'10
Operating activities:
Net loss
-17,253	-3,457	-43,767	-4,542	-4,024	-4,959	3,988	-2,961	-7,151	-78,815	-832	-6,570	-2,249	2,909	8,695	718	32,108	16,719	14,394	3,112	19,757	13,758	-25,168	-3,384	9,285	4,749	12,436	1,989	1,607	14,861	-10,143	641	2,109	7,127	15,406	-1,001	9,567
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization
9,581	9,543	9,991	9,931	9,944	11,270	11,240	11,879	11,928	11,233	11,228	11,155	11,817	11,234	13,354	12,081	11,426	10,633	10,469	10,184	9,551	9,569	10,592	10,676	9,799	11,773	11,623	10,774	10,574	10,073	10,288	10,536	9,923	10,357	11,027	10,881	10,568
Loss on asset sales and disposals
-	-	-	-	-	-	-	-	-	-170	-31	-23	-122	-46	-58	-61	-177	-87	-92	-211	-427	-234	-17	4	0	-481	-31	-2	-152	-127	-168	1	-508	-347	3,436	3,360	-185
Change in accounts receivable
-9,911	-1,485	10,844	-1,784	-6,891	-9,789	16,439	-4,962	698	-538	4,499	-1,961	-12,374	5,103	5,828	-7,217	-1,390	253	1,802	5,647	-14,521	1,926	19,481	-5,078	2,527	-732	4,836	6,043	-13,684	6,023	2,078	-1,604	-4,889	-2,989	4,216	586	7,096
Change in inventories
-21,997	-5,141	-7,482	18,075	-18,021	10,489	-355	14,311	-12,501	18,762	3,355	3,827	-18,928	1,646	-1,164	12,467	-19,898	5,485	9,699	16,720	-17,995	9,460	8,168	11,195	-10,838	-3,722	7,857	10,635	-14,128	3,006	9,925	12,166	-23,935	5,084	4,331	14,741	3,896
Change in accounts payable
3,215	-756	4,099	2,644	380	-6,058	5,377	-4,458	2,291	9,627	-2,423	-3,921	6,188	19	-1,099	-5,589	5,190	-1,315	-5,002	-2,339	2,969	767	6,667	-5,315	18,189	318	1,428	-7,745	18,372	-7,499	630	-5,218	7,586	-7,855	1,339	-667	5,190
Accrued interest and amortization of discounts and finance fees
305	311	272	285	357	352	92	357	389	216	335	378	424	380	330	-2,220	345	344	390	212	310	384	-5,911	7,256	-	7,266	-7,521	-	-	-	-	-	-	-	-	-	-
Call premium on senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-37,348	-	-	-	-1,350	-	-	-	-	-	-	-	-	-	-
Call premium on senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-23,602	-	-	-	-	-	-
Call premium on 10% senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-1,203	-
Write-off of finance fees on senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,975	-	0	0	0	1,600	-
Write-off of finance fees on senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	9,086	-	-	-	1,168	-	-	-	-	-	-	-	-	-	-
Accrued interest and amortization of discounts and finance fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,131	-	8,186	-279	-7,375	9,356	-7,135	9,479	-8,653	10,585
Pension & non-pension post-retirement benefits, net
1,389	-600	-188	-977	-1,437	978	-1,799	1,975	-1,327	25	866	2,116	-860	113	-1,665	-101	17,412	-445	895	1,003	-3,299	-349	1,397	1,372	-576	3,118	1,504	3,700	4,994	1,241	-82,019	-560	-488	-11,530	-507	3,451	-134
Restructuring
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	-46	-243	-646	-797	-659	4,314	0	0	0	0	0	-262	-421	-145	-
Restructuring charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,827
Accrued liabilities & prepaid expenses
-	-	9,286	-12,054	-	-	8,679	-7,464	-5,979	-726	13,987	-4,545	-11,142	487	16,303	-1,616	-8,660	698	14,978	-2,876	-3,605	4,105	4,647	-12,369	-4,455	3,533	-793	-15,792	-7,420	9,770	7,308	-9,336	-2,965	3,673	9,476	-8,267	6,843
Income taxes
-1,996	-583	1,033	-3,516	5,253	36	1,071	-2,769	15,063	1,677	617	-4,236	3,952	929	4,380	-2,965	-40,078	-3,987	422	-1,360	3,310	1,498	-770	-3,153	4,481	-2,106	-2,553	-1,626	2,669	-921	-2,097	1,977	-4,032	2,578	-5,443	-4,303	3,405
Share-based compensation expense
343	953	993	942	700	671	1,166	290	530	782	1,316	832	432	1,011	1,507	1,816	368	905	2,515	2,129	1,537	1,109	1,634	1,003	1,764	990	1,485	824	855	601	1,138	727	651	2,398	1,140	827	1,385
Other operating activities
-1,471	-479	581	327	130	527	-214	644	-1,777	-634	1,048	-320	903	-2,087	343	1,436	1,932	359	-90	1,145	655	616	1,491	95	-1,485	-988	-2,579	573	523	-479	-11	-73	-1,735	2,293	-401	-681	1,317
Net cash provided by operating activities
50,766	11,914	24,657	-23,905	29,284	6,786	13,944	-13,144	29,100	6,299	16,223	-6,314	39,083	12,466	36,856	-4,501	37,644	17,542	27,742	-13,236	62,818	19,073	10,353	-10,373	41,257	34,767	9,385	-12,680	52,127	27,889	-52,421	-19,098	53,207	-4,690	29,914	-23,080	38,112
Investing activities:
Cash paid for property, plant and equipment
4,256	8,603	7,939	10,361	9,964	13,774	10,078	11,271	8,488	12,092	15,096	11,952	11,081	8,012	5,656	9,855	6,656	8,244	16,577	16,659	15,865	16,693	11,934	9,901	19,255	10,381	10,889	8,882	15,476	5,412	5,386	6,446	14,963	8,059	9,892	8,506	7,231
Proceeds from furnace malfunction insurance recovery
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,350	0	0	0	0	-	-	-	-	-	-	-	-	-
Net proceeds from sale of Traex
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	158	12,842	-	-
Proceeds from asset sales and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	2	-	17	3	0	4	0	73	4	4	97	131	239	180	-42	65	597	4,602	-
Net cash used in investing activities
-4,256	-8,603	-7,939	-10,361	-9,964	-13,774	-10,078	-11,271	-8,488	-12,092	-15,096	-11,952	-11,081	-8,012	-5,656	-9,855	-6,651	-8,244	-16,575	-16,659	-15,848	-16,690	-11,934	-7,547	-19,255	-10,308	-10,885	-8,878	-15,379	-5,281	-5,147	-6,266	-15,527	-7,836	3,547	-3,904	-7,231
Financing activities:
Borrowings on ABL credit facility
11,200	8,100	31,571	42,300	50,919	27,719	8,954	42,177	13,082	17,727	3,277	0	0	0	0	6,000	18,400	0	30,400	14,100	28,300	33,400	21,300	0	-	12,400	30,400	-	-	0	0	-	-	-	-	-	-
Repayments on ABL credit facility
35,296	14,005	29,500	16,800	63,025	18,245	16,631	12,000	21,809	9,000	3,277	0	0	0	0	6,000	25,400	7,000	20,500	10,000	37,200	31,500	14,300	0	-	22,200	20,600	-	-	0	0	-	-	-	-	-	-
Net borrowings (repayments) on ABL credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,105	-2,245	4,350	-
Other repayments
-	-	0	0	0	1,694	0	1,383	0	463	0	169	0	0	179	171	0	0	12	3,255	547	5,201	65	50	9,759	4,397	55	59	3,603	9,551	9,568	394	9,338	4,673	49	48	632
Other borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	3,250	1,964	-	-	6,094	0	-	-	1,234	-	-	-	-	-	-	-
Payments on 6.875% senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	405,000	-	-	-	45,000	-	-	-	-	-	-	-	-	-	-
Other borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-
Proceeds from Term Loan B
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	438,900	-	-	-	0	-	-	-	450,000	-	-	-	0	-	-
Repayments on Term Loan B
1,100	1,100	1,100	1,100	1,100	1,100	1,100	1,100	6,100	6,100	6,100	6,100	6,100	6,100	6,100	6,100	1,100	1,100	1,100	1,100	1,100	1,100	0	0	-	0	-	-	-	-	360,000	-	0	0	0	40,000	-
Call premium on senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	37,348	-	-	-	1,350	-	-	-	23,602	-	0	0	0	1,203	-
Stock options exercised
-	-	-	-	-	-	-	-	-	-	-	-	247	103	21	1,029	4	345	1,141	1,848	1,690	759	1,786	336	277	2,059	2,511	537	938	253	12	28	4	0	3	475	8
Taxes paid on distribution of equity awards
4	7	92	317	32	90	11	203	4	22	178	423	33	98	291	473	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	91	6,868	-	-	0	0	-	-	880	12,154	-	1	19	327	116	-
Dividends
-	-	0	0	0	0	0	2,595	2,593	2,593	2,592	2,577	2,519	2,519	2,517	2,515	2,400	2,397	2,398	2,402	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Treasury shares purchased
-	-	-	-	-	-	-	-	-	-	-	-	0	0	803	1,197	0	0	6,131	9,144	1,060	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,463
Net cash provided by (used in) financing activities
-25,955	-7,012	879	24,083	-13,238	6,595	-8,788	24,896	-17,978	-451	-7,516	-9,269	-8,405	-8,275	-9,869	-9,427	-11,292	-10,152	1,400	-9,953	-9,917	-483	369	286	-9,482	-6,044	-34,094	478	-3,106	-8,944	44,688	-366	-3,511	-6,797	-2,618	-36,542	-2,087
Effect of exchange rate fluctuations on cash
695	-929	-264	82	-104	-337	-1,006	569	488	-349	813	267	-1,256	45	-455	309	-758	-397	169	-1,580	-1,098	-1,020	-52	-101	222	507	189	-179	219	106	-361	257	-461	-403	354	380	-648
Increase in cash
21,250	-4,630	17,333	-10,101	5,978	-730	-5,928	1,050	3,122	-6,593	-5,576	-27,268	18,341	-3,776	20,876	-23,474	18,943	-1,251	12,736	-41,428	35,955	880	-1,264	-17,735	12,742	18,922	-35,405	-21,259	33,861	13,770	-13,241	-25,473	33,708	-19,726	31,197	-63,146	28,146
Supplemental disclosure of cash flow information:
Cash paid during the year for interest, net of capitalized interest
4,885	5,251	5,455	5,147	5,223	5,102	5,178	4,588	4,689	4,794	4,651	4,504	4,626	4,767	4,842	7,318	4,308	4,152	4,156	3,929	4,475	4,160	11,483	184	-	271	15,560	-	-	-	-	-	-	-	-	-	-
Cash paid during the year for income taxes
4,748	1,933	4,055	1,151	1,295	3,635	2,464	1,120	762	598	1,232	779	1,983	1,107	2,925	1,544	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,480	-232
Cash paid during the period for interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	288	-	376	10,494	17,731	1,054	17,661	1,139	20,171	1,123
Cash paid during the period for income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	996	1,681	1,181	-	2,591	1,477	1,816	760	2,280	5,931	1,884	1,336	875	306	885	-	1,001	3,208	-	-