Lifetime brands, inc. (LCUT)
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'11
OPERATING ACTIVITIES
Net (loss) income

-

-

-

-

-

-

-

-6,057

-11,598

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-28,164

-

-

-

-4,867

-

-

-

-

-

-

-

-1,331

-

6,452

-1,191

-4,288

11,006

5,104

-1,727

-2,105

9,261

-1,586

-3,202

-2,929

9,388

1,093

-568

-632

15,154

3,890

559

1,344

5,419

7,533

2,063

-949

Adjustments to reconcile net loss to net cash provided by operating activities:
Provision for doubtful accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16

Depreciation and amortization

6,234

6,344

6,122

6,290

6,359

6,522

6,076

6,422

4,309

3,492

4,063

3,348

3,286

2,404

4,682

3,578

3,484

3,500

3,510

3,638

3,555

3,572

3,299

3,716

3,613

2,708

2,517

2,667

2,523

2,446

2,409

2,262

2,207

2,336

2,046

2,020

1,995

Goodwill and other impairments

20,100

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

79

235

229

Amortization of financing costs

441

436

436

438

438

440

440

443

220

118

119

65

217

137

180

171

162

164

164

164

149

152

154

162

149

131

131

143

123

-

-

-

-

-

-

-

-

Mark to market loss on interest rate derivatives

-2,251

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent

-

-

-

-

-

-300

-11

-2

370

-173

-165

-164

-140

-118

-88

-57

20

337

8

157

346

-99

-93

-256

-274

-241

-262

-260

-199

-247

-169

-168

-84

-92

-20

-18

-3

Non-cash lease expense

702

-3

-106

612

544

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for doubtful accounts

2,844

-

-

-

288

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18

-

-23

106

50

122

-15

0

32

-

-

-

-25

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

113

-

-

-

-

-

-

-

-179

-

-

-

-

-

-

-

-

-

-

-

-

Stock compensation expense

1,326

1,436

1,505

1,193

907

1,108

1,268

921

838

908

952

726

804

827

825

487

803

2,972

791

773

750

2,360

694

713

726

750

738

722

671

662

679

754

698

690

682

675

748

Undistributed equity in (earnings) losses, net of taxes

339

738

-210

-69

-116

128

185

155

77

-265

-326

430

540

814

-138

18

-150

517

-459

2

288

-1,364

-5,193

41

-208

332

-5,452

-480

246

4,464

695

108

398

925

1,113

393

465

Loss on early retirement of debt

-

-

-

-

-

0

0

0

-66

-

-

-

-

-

-

-

-

-

-

-

-

-27

0

0

-319

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities (excluding the effects of business acquisitions):
Accounts receivable

-43,957

-35,084

71,527

-1,375

-32,809

-21,265

54,686

6,678

-48,119

-12,005

48,474

5,094

-43,044

-24,383

49,922

8,171

-15,733

-18,103

32,328

-2,397

-27,355

6,510

32,593

-13,962

-19,218

-5,922

35,700

-4,692

-35,185

1,571

34,513

-16,471

-4,872

-26,664

37,238

-2,024

-11,847

Inventory

-6,788

-58,740

25,295

27,586

13,314

-37,573

11,837

22,252

17,303

-43,326

1,739

12,121

18,648

-39,043

18,195

12,847

3,510

-36,114

20,411

9,543

6,468

-31,125

18,519

15,892

3,068

-20,262

20,499

8,511

-541

-28,311

7,862

7,439

3,316

-17,858

12,652

6,602

3,969

Prepaid expenses, other current assets and other assets

401

5,013

-2,324

1,782

-214

365

-1,090

-1,291

1,476

2,852

-794

-2,180

1,073

787

-947

-1,187

2,546

-1,729

-1,709

-1,242

3,593

174

-2,161

295

3,755

-942

-2,121

3,418

94

-354

1,316

-23

-410

722

-397

-695

52

Accounts payable, accrued expenses and other liabilities

-18,148

-38,357

27,878

19,062

-3,475

-32,212

23,889

12,220

-7,050

-24,317

19,830

12,844

-18,135

-26,155

42,158

6,760

-10,508

-18,283

18,549

3,744

-4,407

-11,935

28,341

-7,159

-10,197

-10,829

23,378

4,897

-8,009

-10,808

19,488

-8,791

-55

-

-

-

-

Income taxes receivable

3,904

1,577

-10,689

6,697

2,550

-

-

-

-

-862

-3,417

4,147

132

-2,099

-2,344

750

3,561

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

745

Accounts payable, accrued expenses and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16,086

-243

-7,242

Income taxes payable

-

-

-

-

-

3,892

-3

-362

-3,880

2,014

-91

-5,485

-1,373

6,215

-215

-159

-4,872

4,305

-309

-442

-5,071

4,788

-4,258

-330

-2,947

3,306

-270

1,318

-4,933

2,273

1,845

-247

-2,356

2,372

-1,240

182

-5,036

NET CASH PROVIDED BY OPERATING ACTIVITIES

-

-

-

-

-

-

-

-

-

-

-

-

5,979

-

-10,813

-10,755

-8,820

57,941

-22,055

383

10,241

26,050

-14,058

-8,337

934

29,930

-21,470

2,342

24,962

-

-

-

-

-

-

-

-

NET CASH PROVIDED BY OPERATING ACTIVITIES

33,687

69,831

-47,101

-10,327

17,469

49,604

-24,663

-18,304

12,538

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-14,847

3,689

3,297

39,313

-24,867

1,399

-3,658

INVESTING ACTIVITIES
Purchases of property and equipment

1,222

1,551

3,751

2,474

1,393

2,482

2,252

760

2,408

2,042

1,559

2,337

373

1,398

891

330

761

976

1,309

1,475

1,406

1,831

1,627

1,557

1,156

1,070

780

805

1,187

1,584

1,341

1,555

475

1,593

1,300

1,019

1,047

Filament acquisition, net of cash acquired

-

-

-

-

-

-994

-411

0

217,932

-

-

-

-

-

-

-

-

-

-

-

-

0

-1,699

1,820

59,856

-

-

-

-

-

-

-

-

-

-

-

-

Fitz acquisition, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

109

0

0

5,280

-

-

-

-

-

-

-

-

-

-

-

-

NET CASH USED IN INVESTING ACTIVITIES

-1,222

-1,551

-3,751

-2,474

-1,393

-1,239

-1,841

-760

-220,340

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,326

-1,555

-475

-27,269

-1,300

-1,019

-1,047

FINANCING ACTIVITIES
NET CASH USED IN INVESTING ACTIVITIES

-

-

-

-

-

-

-

-

-

-

-

-

-373

-

-9,659

-377

-761

-838

-1,309

-1,475

-1,406

-2,636

72

-3,377

-66,292

-1,066

-773

-805

-1,187

-

-

-

-

-

-

-

-

Proceeds from revolving credit facility

67,115

-

122,192

70,130

66,325

-

76,954

52,558

73,725

-

67,553

57,236

66,298

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of revolving credit facility

23,436

-

75,240

51,367

82,130

-

49,098

37,235

123,938

-

38,352

40,317

70,620

110,581

56,969

32,393

46,813

103,079

56,696

61,672

68,899

91,953

51,261

47,395

43,458

80,165

44,586

44,458

62,750

-

-

-

-

-

-

-

-

Proceeds from long term lines of credit

-

-

-

-

-

-

0

0

275,000

-

-

-

-

-

79,810

61,942

58,392

50,007

84,396

67,706

61,523

71,821

67,324

60,212

78,657

64,293

67,774

48,034

40,121

-

-

-

-

-

-

-

-

Repayments of Senior Secured Term Loan (Note F)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

20,625

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Credit Agreement Term Loan (Note F)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

50,000

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of term loan

688

-

688

687

688

-

-

-

-

-

-

-

2,500

-

2,500

18,000

2,500

2,500

2,500

2,500

2,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for capital leases

25

74

6

6

6

10

43

0

24

-

-

-

-

13

23

16

16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

15

32

27

Repayments of bank borrowings, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,080

-

-

-

-

Proceeds (repayments) of bank borrowings, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,900

Proceeds from the exercise of stock options

-

-

-

-

-

-

-

-

-

1,084

28

1,333

92

1,136

26

1,076

115

0

302

260

281

296

732

260

1,200

272

267

374

302

197

167

191

22

199

11

6

9

Payments of tax withholding for stock based compensation

299

9

0

158

232

119

44

140

258

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from short term loan

-

-

-

-

-

0

137

0

79

68

0

0

119

-

-

-

-

252

0

0

37

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments from short term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

0

131

0

117

-1

115

366

322

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of financing costs

-

-

-

-

-

0

17

105

11,049

-8

9

1

29

-

-

-

-

-

-

-

-

908

0

0

1,375

-

-

-

-

-

-

-

-

-

-

-

-

Payment of equity issuance costs

-

-

-

-

-

0

0

7

929

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends paid

934

878

907

880

906

868

870

883

652

620

620

622

613

609

606

604

594

593

524

519

514

514

510

506

501

398

397

401

319

314

313

311

311

-

-

-

-

Excess tax benefit from stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

0

6

NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES

-

-

-

-

-

-

-

-

-

-

-

-

-7,253

-

19,703

11,940

8,467

-56,522

24,863

2,909

-10,394

-23,391

13,868

13,439

63,898

-26,260

23,058

-3,180

-22,646

-

-

-

-

-

-

-

-

NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES

41,733

-61,795

45,351

17,165

-17,637

-46,435

26,340

13,429

211,954

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,142

-3,289

-1,369

-10,003

24,987

26

2,888

Effect of foreign exchange on cash

-285

124

-273

28

57

-46

-72

-270

152

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

73,913

6,609

-5,774

4,392

-1,504

1,884

-236

-5,905

4,304

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of foreign exchange on cash

-

-

-

-

-

-

-

-

-

-

-

-

53

-

-49

-37

-139

271

-176

-276

-94

68

-134

-719

736

-260

606

397

-572

1,064

1

-933

442

-

-

-

-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-

-

-

-

-1,594

-

-818

771

-1,253

852

1,323

1,541

-1,653

91

-252

1,006

-724

2,344

1,421

-1,246

557

122

-1,030

-2,088

1,895

2,212

-1,180

406

-1,817