Lifetime brands, inc. (LCUT)
CashFlow / TTM
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

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

0

-

-

-

0

-

-

-

-

-

-

-

18,677

-

11,979

10,631

10,095

12,278

10,533

3,843

2,368

1,544

1,671

4,350

6,984

9,281

15,047

17,844

18,971

20,947

11,212

14,855

16,359

14,066

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Depreciation and amortization

24,990

25,115

25,293

25,247

25,379

23,329

20,299

18,286

15,212

14,189

13,101

13,720

13,950

14,148

15,244

14,072

14,132

14,203

14,275

14,064

14,142

14,200

13,336

12,554

11,505

10,415

10,153

10,045

9,640

9,324

9,214

8,851

8,609

8,397

0

0

0

Goodwill and other impairments

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

543

0

0

0

Amortization of financing costs

1,751

1,748

1,752

1,756

1,761

1,543

1,221

900

522

519

538

599

705

650

677

661

654

641

629

619

617

617

596

573

554

528

0

0

0

-

-

-

-

-

-

-

-

Mark to market loss on interest rate derivatives

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred rent

-

-

-

-

-

57

184

30

-132

-642

-587

-510

-403

-243

212

308

522

848

412

311

-102

-722

-864

-1,033

-1,037

-962

-968

-875

-783

-668

-513

-364

-214

-133

0

0

0

Non-cash lease expense

1,205

1,047

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for doubtful accounts

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

255

263

157

139

0

0

0

-

-

-

0

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Stock compensation expense

5,460

5,041

4,713

4,476

4,204

4,135

3,935

3,619

3,424

3,390

3,309

3,182

2,943

2,942

5,087

5,053

5,339

5,286

4,674

4,577

4,517

4,493

2,883

2,927

2,936

2,881

2,793

2,734

2,766

2,793

2,821

2,824

2,745

2,795

0

0

0

Undistributed equity in (earnings) losses, net of taxes

798

343

-267

128

352

545

152

-359

-84

379

1,458

1,646

1,234

544

247

-74

-90

348

-1,533

-6,267

-6,228

-6,724

-5,028

-5,287

-5,808

-5,354

-1,222

4,925

5,513

5,665

2,126

2,544

2,829

2,896

0

0

0

Loss on early retirement of debt

-

-

-

-

-

-66

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-346

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

-8,889

2,259

16,078

-763

7,290

-8,020

1,240

-4,972

-6,556

-1,481

-13,859

-12,411

-9,334

17,977

24,257

6,663

-3,905

-15,527

9,086

9,351

-2,214

5,923

-6,509

-3,402

5,868

-10,099

-2,606

-3,793

-15,572

14,741

-13,494

-10,769

3,678

-3,297

0

0

0

Inventory

-12,647

7,455

28,622

15,164

9,830

13,819

8,066

-2,032

-12,163

-10,818

-6,535

9,921

10,647

-4,491

-1,562

654

-2,650

308

5,297

3,405

9,754

6,354

17,217

19,197

11,816

8,207

158

-12,479

-13,551

-9,694

759

5,549

4,712

5,365

0

0

0

Prepaid expenses, other current assets and other assets

4,872

4,257

-391

843

-2,230

-540

1,947

2,243

1,354

951

-1,114

-1,267

-274

1,199

-1,317

-2,079

-2,134

-1,087

816

364

1,901

2,063

947

987

4,110

449

1,037

4,474

1,033

529

1,605

-108

-780

-318

0

0

0

Accounts payable, accrued expenses and other liabilities

-9,565

5,108

11,253

7,264

422

-3,153

4,742

683

1,307

-9,778

-11,616

10,712

4,628

12,255

20,127

-3,482

-6,498

-397

5,951

15,743

4,840

-950

156

-4,807

7,249

9,437

9,458

5,568

-8,120

-166

0

0

0

-

-

-

-

Income taxes receivable

1,489

135

0

0

0

-

-

-

-

0

-1,237

-164

-3,561

-132

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Accounts payable, accrued expenses and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Income taxes payable

-

-

-

-

-

-353

-2,231

-2,319

-7,442

-4,935

-734

-858

4,468

969

-941

-1,035

-1,318

-1,517

-1,034

-4,983

-4,871

-2,747

-4,229

-241

1,407

-579

-1,612

503

-1,062

1,515

1,614

-1,471

-1,042

-3,722

0

0

0

NET CASH PROVIDED BY OPERATING ACTIVITIES

-

-

-

-

-

-

-

-

-

-

-

-

44,548

-

27,553

16,311

27,449

46,510

14,619

22,616

13,896

4,589

8,469

1,057

11,736

35,764

0

0

0

-

-

-

-

-

-

-

-

NET CASH PROVIDED BY OPERATING ACTIVITIES

46,090

29,872

9,645

32,083

24,106

19,175

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31,452

21,432

19,142

12,187

0

0

0

INVESTING ACTIVITIES
Purchases of property and equipment

8,998

9,169

10,100

8,601

6,887

7,902

7,462

6,769

8,346

6,311

5,667

4,999

2,992

3,380

2,958

3,376

4,521

5,166

6,021

6,339

6,421

6,171

5,410

4,563

3,811

3,842

4,356

4,917

5,667

4,955

4,964

4,923

4,387

4,959

0

0

0

Filament acquisition, net of cash acquired

-

-

-

-

-

216,527

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

59,977

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Fitz acquisition, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,389

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

NET CASH USED IN INVESTING ACTIVITIES

-8,998

-9,169

-8,857

-6,947

-5,233

-224,180

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-30,625

-30,599

-30,063

-30,635

0

0

0

FINANCING ACTIVITIES
NET CASH USED IN INVESTING ACTIVITIES

-

-

-

-

-

-

-

-

-

-

-

-

-24,060

-

-11,635

-3,285

-4,383

-5,028

-6,826

-5,445

-7,347

-72,233

-70,663

-71,508

-68,936

-3,831

0

0

0

-

-

-

-

-

-

-

-

Proceeds from revolving credit facility

0

-

0

0

0

-

0

0

245,085

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of revolving credit facility

0

-

0

0

0

-

0

0

283,014

-

259,870

278,487

270,563

246,756

239,254

238,981

268,260

290,346

279,220

273,785

259,508

234,067

222,279

215,604

212,667

231,959

0

0

0

-

-

-

-

-

-

-

-

Proceeds from long term lines of credit

-

-

-

-

-

-

0

0

0

-

-

-

-

-

250,151

254,737

260,501

263,632

285,446

268,374

260,880

278,014

270,486

270,936

258,758

220,222

0

0

0

-

-

-

-

-

-

-

-

Repayments of Senior Secured Term Loan (Note F)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,625

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Credit Agreement Term Loan (Note F)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of term loan

0

-

0

0

0

-

-

-

-

-

-

-

25,500

-

25,500

25,500

10,000

10,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for capital leases

111

92

28

65

59

77

0

0

0

-

-

-

-

68

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

78

0

0

0

Repayments of bank borrowings, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Proceeds (repayments) of bank borrowings, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Proceeds from the exercise of stock options

-

-

-

-

-

-

-

-

-

2,537

2,589

2,587

2,330

2,353

1,217

1,493

677

843

1,139

1,569

1,569

2,488

2,464

1,999

2,113

1,215

1,140

1,040

857

577

579

423

238

225

0

0

0

Payments of tax withholding for stock based compensation

466

399

509

553

535

561

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from short term loan

-

-

-

-

-

216

284

147

147

187

0

0

0

-

-

-

-

289

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments from short term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

248

247

231

597

802

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of financing costs

-

-

-

-

-

11,171

11,163

11,155

11,051

31

0

0

0

-

-

-

-

-

-

-

-

2,283

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payment of equity issuance costs

-

-

-

-

-

936

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash dividends paid

3,599

3,571

3,561

3,524

3,527

3,273

3,025

2,775

2,514

2,475

2,464

2,450

2,432

2,413

2,397

2,315

2,230

2,150

2,071

2,057

2,044

2,031

1,915

1,802

1,697

1,515

1,431

1,347

1,257

1,249

0

0

0

-

-

-

-

Excess tax benefit from stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES

-

-

-

-

-

-

-

-

-

-

-

-

-19,885

-

-16,412

-11,252

-20,283

-39,144

-6,013

-17,008

-6,478

67,814

64,945

74,135

57,516

-29,028

0

0

0

-

-

-

-

-

-

-

-

NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES

42,454

-16,916

-1,556

-20,567

-24,303

205,288

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

481

10,326

13,641

17,898

0

0

0

Effect of foreign exchange on cash

-406

-64

-234

-33

-331

-236

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

79,140

3,723

-1,002

4,536

-5,761

47

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of foreign exchange on cash

-

-

-

-

-

-

-

-

-

-

-

-

-192

-

46

-81

-320

-275

-478

-436

-879

-49

-377

363

1,479

171

1,495

890

-440

574

0

0

0

-

-

-

-

INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-

-

-

-

411

-

-448

1,693

2,463

2,063

1,302

-273

-808

121

2,374

4,047

1,795

3,076

854

-1,597

-2,439

-1,101

989

839

3,333

-379

0

0

0