Lincoln electric holdings inc (LECO)
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'11Dec'10Sep'10Jun'10Mar'10
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (Loss) Available to Common Stockholders, Basic

277,191

293,109

316,232

314,310

297,722

287,066

224,408

259,995

252,483

247,503

276,717

230,640

200,605

198,399

193,696

73,181

112,762

127,478

153,998

260,153

266,587

254,686

267,798

288,153

283,427

293,780

267,540

266,261

259,974

257,411

253,060

243,825

234,519

217,186

200,956

177,899

153,426

130,244

0

0

0

Non-controlling interests in subsidiaries’ earnings (loss)

-19

-26

-86

-86

-83

-73

-9

-20

-36

-28

-26

-21

-8

-26

-25

-30

-44

-66

50

-792

-813

-806

-1,188

-2,123

-2,159

-2,093

-1,952

-189

-64

-195

-119

-262

-299

-173

-125

202

1,960

1,966

0

0

0

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

277,172

293,083

316,146

314,224

297,639

286,993

224,399

259,975

252,447

247,475

276,691

230,619

200,597

198,373

193,671

73,151

112,718

127,412

154,048

259,361

265,774

253,880

266,610

286,030

281,268

291,687

265,588

266,072

259,910

257,216

252,941

243,563

234,220

217,013

200,831

178,101

155,386

132,210

0

0

0

Adjustments to reconcile Net income including non-controlling interests to Net cash provided by operating activities:
Rationalization and asset impairment net (gains) charges (Note 6)

1,840

3,500

-3,501

-5,535

-5,230

-5,978

33

2,067

2,117

1,441

0

0

0

-

-

-

-

6,269

6,247

28,745

29,639

29,574

29,490

5,597

4,943

5,092

6,432

2,094

1,854

1,740

357

0

-204

23

0

0

0

-

-

-

-

Depreciation and amortization

83,614

81,487

78,800

75,275

73,113

72,346

71,604

72,432

70,083

68,115

67,035

64,847

65,614

65,073

64,605

64,521

63,600

64,007

64,487

65,425

67,708

69,607

70,019

70,228

69,417

68,883

68,995

68,104

67,152

65,334

63,182

62,487

62,424

62,051

62,024

60,346

58,326

57,357

0

0

0

Equity earnings in affiliates, net

1,141

1,427

2,873

2,874

2,944

3,034

1,548

1,639

605

337

413

278

529

261

342

100

316

530

199

839

1,268

1,848

2,248

2,275

2,020

1,660

-296

11

719

-160

2,104

2,124

1,166

1,971

1,212

988

794

600

0

0

0

Deferred income taxes

8,017

13,019

1,091

-805

-5,148

1,490

5,373

2,631

11,191

4,058

6,137

4,754

-4,745

-9,805

-10,851

-57,554

-43,080

-55,728

-45,958

11,876

-2,725

17,887

2,949

-2,213

8,306

17,817

19,174

95

5,715

-2,137

9,859

22,396

8,889

15,139

10,237

19,236

23,327

4,387

0

0

0

Stock-based compensation

16,166

16,624

17,573

17,478

18,284

18,554

16,315

15,887

13,849

12,698

12,782

12,121

11,446

10,332

9,506

8,886

8,129

7,932

8,090

7,720

8,080

8,416

8,491

9,340

9,559

9,734

9,761

9,475

9,199

8,961

8,598

8,138

7,372

6,610

6,366

6,824

7,705

8,213

0

0

0

Pension (income) expense and settlement charges (Note 13)

-

-

-

-

-

-

-

-

-

2,517

2,332

2,053

8,499

13,988

23,439

161,467

161,280

162,815

154,609

17,523

15,274

12,395

17,147

20,315

24,959

29,774

31,186

32,760

34,635

35,515

0

0

0

-

-

-

-

-

-

-

-

Amortization of terminated interest rate swaps

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-1,867

-1,867

-1,867

-1,867

0

0

0

Pension contributions and payments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23,585

27,419

53,178

53,547

53,550

59,613

35,225

36,072

37,582

30,169

54,116

87,356

96,249

111,948

105,274

69,646

0

0

0

-

-

-

-

-

-

-

-

Foreign Currency (Gain) Loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of pension actuarial losses and prior service cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Other, net

11,532

8,416

12,419

8,560

7,002

11,002

4,213

8,176

5,571

-1,402

25,050

23,049

24,664

26,560

323

-2,225

-4,596

-958

-19,886

-19,510

-14,647

-18,095

5,515

3,862

-1,923

-1,910

-4,769

-1,528

1,418

818

2,913

1,629

-653

-991

1,680

2,765

3,898

1,491

0

0

0

Changes in operating assets and liabilities, net of effects from acquisitions:
Increase in accounts receivable

-51,596

-50,394

-45,534

-14,575

-9,507

4,061

18,003

16,712

33,084

16,811

24,658

29,927

19,917

12,314

-30,124

-48,030

-65,526

-56,741

-42,925

-35,535

-24,384

-5,876

9,843

5,411

-17,263

5,437

-26,027

-35,941

-20,926

-57,759

-18,519

13,344

53,946

67,518

71,647

73,809

51,003

47,958

0

0

0

Increase in inventories

14,786

12,023

18,847

23,772

10,490

23,904

-441

-16,306

-12,342

-19,448

252

-5,336

-4,435

-14,601

-20,570

-39,035

-61,520

-56,067

-33,259

-13,277

6,794

5,718

-12,046

-8,163

-14,487

-13,310

-25,229

-36,680

-26,414

-28,286

-40,216

-39,346

4,077

51,679

70,428

94,567

67,959

28,912

0

0

0

Increase in other current assets

-21,181

-14,269

-16,632

-26,298

5,919

-1,324

20,739

24,621

14,118

8,143

434

-5,780

-16,595

-1,532

12,725

52,213

56,175

19,972

-55,278

-78,560

-59,158

-32,081

36,012

19,245

2,263

-2,811

-13,534

-6,953

1,993

9,506

6,498

14,333

4,398

2,857

703

-16,307

-24,124

-4,956

0

0

0

Increase in other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Decrease in trade accounts payable

-9,908

-8,339

-13,043

-16,694

-14,662

3,636

9,280

10,113

13,898

17,871

6,773

20,018

32,134

29,627

1,640

6,534

-29,338

-46,911

-20,960

-13,633

1,327

2,135

21,963

-2,815

-19,582

794

-15,411

-12,113

1,037

16,110

-27,498

-40,982

-23,540

8,672

27,996

64,895

64,560

47,323

0

0

0

Increase (decrease) in other current liabilities

-11,794

-31,223

-40,941

-37,068

-42,570

-13,657

-2,948

-10,020

-7,863

-13

20,689

15,806

13,538

-9,286

-18,930

-554

-19,909

1,511

-33,200

-33,760

18,709

-3,736

8,710

16,030

-1,346

-7,785

1,061

8,565

-519

21,887

30,808

27,413

45,884

20,838

0

0

0

-

-

-

-

Decrease in accrued pensions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Net change in other assets and liabilities

3,806

423

-23

-1,570

-3,208

-2,978

-7,022

-4,311

-4,868

-6,158

-5,525

-7,708

-5,863

-2,909

-6,280

-3,045

-3,154

-5,808

-4,091

-4,637

-317

870

5,189

1,784

-563

680

33,812

93,120

91,521

86,883

53,351

-3,085

-3,006

3,842

-1,495

-148

5,969

3,003

0

0

0

NET CASH PROVIDED BY OPERATING ACTIVITIES

399,279

403,185

380,041

357,579

311,253

329,152

319,268

306,716

302,382

334,845

317,731

337,365

364,079

312,557

317,576

309,641

284,766

312,832

369,085

413,167

440,855

401,702

364,856

370,448

372,673

338,894

326,234

253,649

228,172

327,484

306,481

308,828

255,944

193,518

183,642

154,811

158,120

156,978

0

0

0

CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures

65,192

69,615

76,051

76,376

72,840

71,246

71,443

64,908

64,276

61,656

49,459

53,229

53,029

49,877

49,697

46,069

46,936

50,507

57,747

62,260

70,940

72,990

71,754

84,914

75,383

76,015

73,099

57,516

55,286

52,715

54,370

62,690

62,877

65,813

68,107

66,445

66,297

60,565

0

0

0

Payments to Acquire Businesses, Net of Cash Acquired

-

-

-

-

-

101,792

-6,591

65,877

66,233

72,468

0

0

0

-

-

-

-

-

-

-

-

24,230

49,117

49,377

53,504

53,161

86,687

89,943

113,255

134,602

56,740

97,683

70,244

66,229

0

0

0

-

-

-

-

Proceeds from sale of property, plant and equipment

15,307

9,509

15,661

25,240

16,939

16,755

10,892

1,426

2,216

2,301

2,185

1,550

872

1,127

1,073

1,568

1,581

2,310

2,584

13,369

17,578

17,457

17,643

6,310

2,354

1,393

1,645

1,641

1,282

1,387

781

735

1,314

1,246

1,278

2,921

10,121

10,021

0

0

0

Purchase of marketable securities

-

-

-

-

-

268,335

328,366

354,317

260,204

205,584

184,473

108,854

73,845

38,920

0

0

0

-

-

-

-1,451

0

-3,278

-3,278

1,144

1,717

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from marketable securities

-

-

-

-

-

447,459

408,368

319,123

193,546

65,380

5,190

4,990

3,800

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other Investing Activities

0

-2,000

0

0

0

2,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET CASH (USED BY) PROVIDED BY INVESTING ACTIVITIES

-184,602

-192,823

-206,227

-128,304

-27,225

20,841

26,042

-164,553

-194,951

-272,027

-299,451

-155,969

-194,478

-159,946

-123,668

-155,530

-84,534

-85,352

-112,462

-70,205

-74,471

-78,985

-99,950

-124,703

-127,677

-129,500

-162,358

-150,035

-168,800

-187,471

-111,870

-161,179

-131,807

-130,796

-146,843

-100,079

-92,913

-69,400

0

0

0

CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from short-term borrowings

0

-

-

-

0

-

-

-

-

-

-

-

-

1,892

3,779

12,668

12,283

12,505

13,607

11,702

11,623

11,124

8,577

1,867

1,858

1,230

1,015

963

1,629

2,518

16,779

18,627

21,730

23,224

1,041

5,237

5,448

13,319

0

0

0

Payments on short-term borrowings

0

-

-

-

0

-

-

-

-

-

-

-

-

1,822

2,351

3,822

5,057

9,268

9,502

9,280

8,771

12,226

11,895

10,425

8,938

2,164

2,212

4,246

5,429

4,293

10,847

11,321

13,735

15,446

1,392

3,657

1,284

12,896

0

0

0

Amounts due banks, net

123,829

24,429

2,243

28,931

-775

-835

-528

-83

-658

-491

-182,528

-157,813

-19,479

1,469

183,018

119,173

-120,781

-37,466

-64,069

51,358

152,758

48,978

76,551

946

353

-517

-2,010

-1,722

-197

-2,758

949

-141

-470

1,203

-2,899

-16,207

-21,579

-19,022

0

0

0

Proceeds from Issuance of Long-term Debt

-

-

-

-

-

-

-

-

-

34

350,034

350,015

350,052

350,261

1,672

205,541

355,504

357,780

365,066

161,197

11,254

8,754

0

0

0

-

-

-

-

918

0

0

0

-

-

-

-

150

0

0

0

Payments on long-term borrowings

106

107

106

106

107

107

9

11

30

39

51

64

238

481

673

1,734

5,097

6,945

8,465

7,453

3,967

3,299

1,726

1,734

1,738

450

450

1,688

2,804

85,688

85,878

84,922

84,078

1,941

9,289

9,316

9,203

8,730

0

0

0

Proceeds from exercise of stock options

14,757

14,347

6,452

3,051

3,365

4,690

6,742

5,829

12,946

16,627

28,964

32,731

28,677

25,049

11,814

7,675

6,278

5,996

7,771

9,142

7,893

9,116

10,165

11,103

13,595

20,297

22,158

19,768

20,994

18,776

16,835

17,364

15,927

11,351

9,400

8,699

6,176

3,508

0

0

0

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,093

4,782

4,852

5,967

6,990

7,615

8,265

10,602

9,198

7,830

8,825

7,819

6,183

6,343

5,184

2,916

3,068

2,867

1,847

1,210

0

0

0

Purchase of shares for treasury (Note 8)

326,871

292,693

302,115

312,332

262,510

201,650

141,629

85,648

57,485

43,164

76,421

146,818

239,918

342,003

390,284

443,959

399,129

399,494

355,579

346,313

359,010

307,178

303,641

217,535

206,120

167,879

134,504

110,557

73,700

81,018

69,522

63,826

56,190

36,997

44,352

40,067

37,718

39,682

0

0

0

Cash dividends paid to shareholders

118,035

117,920

114,546

110,909

106,957

102,058

100,043

97,686

95,127

92,452

90,233

88,699

87,691

87,330

87,206

87,367

87,264

86,968

83,808

80,390

76,967

73,261

71,685

69,816

67,900

49,277

63,589

61,329

58,926

73,112

55,444

54,293

53,134

51,935

50,781

49,614

48,466

47,364

0

0

0

Other financing activities

-

-

-

-

-

-

-

-

-

-15,552

-16,360

-15,988

-15,244

-19,043

-18,226

-18,270

-11,808

-8,022

-8,040

-7,996

-20

-2,330

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transactions with Noncontrolling Interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

NET CASH USED BY FINANCING ACTIVITIES

-308,047

-371,944

-408,072

-393,535

-369,154

-302,130

-237,628

-177,943

-155,880

-135,037

13,405

-26,936

15,497

-72,008

-299,944

-211,388

-255,608

-171,882

-138,926

-213,251

-260,355

-314,355

-292,154

-283,469

-268,981

-194,184

-173,199

-153,786

-109,604

-216,838

-175,776

-167,000

-159,597

-63,370

-95,117

-101,938

-104,659

-109,507

0

0

0

Effect of Exchange Rate on Cash and Cash Equivalents

-10,389

2,296

-7,330

-2,973

-16,796

-15,715

-8,935

-2,861

16,065

19,741

10,840

4,256

-4,654

-5,607

-1,381

-18,441

-12,645

-29,794

-32,875

-21,259

-22,399

-29,808

-23,538

-14,380

-19,083

-1,849

-1,043

-1,402

-2,151

2,188

380

-10,601

-5,117

-4,444

-2,759

11,220

4,259

-14

0

0

0

Cash and Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect

-103,759

-159,286

-241,588

-167,233

-101,922

32,148

98,747

-38,641

-32,384

-52,478

42,525

158,716

180,444

74,996

-107,417

-75,718

-68,021

25,804

84,822

108,452

83,630

-21,446

-50,786

-52,104

-43,068

13,361

-10,366

-51,574

-52,383

-74,637

19,215

-29,952

-40,577

-5,092

-61,077

-35,986

-35,193

-21,943

0

0

0