LENNOX INTERNATIONAL INC LII Cash Flow

Lennox international inc (LII)

CashFlow / Quarterly

Mar'20	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	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities:
Net income
12,900	114,000	114,700	110,700	69,300	75,600	107,900	137,600	37,900	43,200	103,500	115,500	43,500	40,500	101,700	110,700	24,900	11,300	80,200	81,200	13,900	44,600	67,400	73,900	19,900	35,200	64,300	64,300	8,000	22,000	29,400	44,700	-6,100	16,700	33,800	45,000	-7,200	27,700	41,800	48,300	-1,600
Net loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-100	-	-100	-700	0	1,200	-1,500	0	-7,800	-4,500	-20,300	-4,800	-15,400	-12,100	-6,300	-1,100	-3,700	-	-	-	-
Adjustments to reconcile net income to net cash used in operating activities:
Loss on sale of business
0	-1,500	-300	-300	-8,500	-1,200	-13,800	-12,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss(gain) from natural disaster, net of Insurance recoveries cash received
1,600	-	-	-5,900	-6,900	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from equity method investments
2,900	2,900	3,300	4,600	2,600	1,200	2,400	4,900	3,500	2,900	4,600	5,400	5,500	3,100	4,500	6,200	4,600	1,600	3,000	5,500	3,300	1,800	3,500	4,600	3,900	1,500	3,300	4,300	3,100	1,700	2,500	3,900	2,400	600	3,000	3,400	2,600	1,200	2,800	4,100	2,000
Gain (Loss) on Disposition of Assets
-	-	-	-	-	-	31,100	-21,100	-10,300	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends from affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,000	4,400	1,700	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring charges, net of cash paid
100	800	6,200	-500	300	800	-100	0	600	-200	1,000	0	0	0	200	-1,500	500	-200	-1,000	1,300	-100	300	-100	100	-100	1,300	-700	900	-1,400	100	-1,500	-200	1,700	-5,400	8,100	-1,300	-1,800	-2,800	800	-7,100	-800
Provision for bad debts
1,200	500	1,800	600	1,600	900	500	1,400	1,900	700	500	1,600	1,100	-1,000	700	1,400	1,300	700	500	700	900	-200	1,500	1,400	-100	900	800	700	1,200	1,900	700	-200	1,500	-100	1,100	2,500	800	1,000	-1,100	2,900	2,100
Unrealized losses (gains) on derivative contracts
-1,500	400	-100	-400	600	100	-100	-1,400	100	1,300	-2,300	2,500	500	-1,500	300	1,400	500	500	-1,000	-100	-200	-200	-200	700	-600	400	1,600	-1,800	-500	-400	1,100	-200	500	1,800	-3,100	-400	-1,200	1,700	800	-1,700	-100
Stock-based compensation expense
3,700	5,700	4,200	6,200	5,200	5,300	7,400	8,800	4,800	6,100	6,300	7,600	4,900	6,900	10,000	8,500	6,300	8,100	7,700	7,300	3,500	6,000	6,600	6,900	3,800	8,800	5,300	7,500	7,700	4,700	2,700	4,000	3,800	1,100	3,500	4,200	4,900	3,600	4,100	3,400	4,300
Depreciation and amortization
19,000	18,000	18,200	16,700	18,200	16,600	16,600	16,200	16,600	16,500	16,100	16,300	15,700	14,700	14,900	14,300	14,200	16,200	16,000	15,100	15,500	15,600	15,200	15,000	15,000	15,800	14,600	14,400	14,100	14,300	13,700	13,500	13,900	14,300	13,500	14,700	14,100	9,000	13,700	13,300	12,900
Deferred income taxes
8,800	-400	1,300	200	15,500	30,800	600	-4,100	-2,100	47,200	1,000	-3,800	-1,100	-1,400	-700	-1,400	-500	-21,100	700	200	-1,100	4,700	800	100	500	3,400	1,100	600	-1,600	-3,200	-3,400	4,500	-600	-4,000	2,800	2,000	-800	-15,900	2,500	3,100	2,200
Pension expense
2,700	40,200	1,700	62,200	2,000	2,300	2,300	2,100	2,100	1,200	1,700	500	1,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pension contributions
600	100	700	-1,500	2,500	300	18,100	1,500	700	2,100	1,000	-700	1,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other items, net
-200	0	300	300	-200	-4,800	-100	-100	-100	-300	-800	-100	-100	-500	-100	-200	-100	-700	-100	-100	-100	200	0	12,500	-12,800	9,000	300	-4,800	-9,000	1,200	900	-3,700	-500	-5,900	2,200	1,500	-600	7,200	-23,900	4,200	9,700
Changes in assets and liabilities, net of effects of divestitures:
Accounts and notes receivable
18,700	-145,100	-91,800	207,300	62,700	-104,100	-158,100	227,600	44,500	-89,900	-95,500	172,900	40,900	-95,600	-70,000	171,700	44,500	-112,400	-63,300	159,100	40,100	-71,400	-64,200	134,400	33,800	-76,300	-51,800	141,300	35,800	-75,700	-57,500	123,600	-3,700	-63,600	-30,600	114,300	-17,100	-40,300	-43,800	119,700	-4,300
Inventories
71,000	-43,100	-42,900	29,000	120,900	10,500	-41,800	-8,800	124,300	-46,200	-11,500	12,900	101,200	-50,200	-30,700	-14,900	95,500	-69,800	-44,300	6,800	78,500	-30,900	-5,400	10,100	122,900	-56,900	-41,900	17,400	100,900	-25,500	-32,100	38,200	75,200	-53,000	-54,500	2,500	134,600	-67,300	-5,100	22,200	85,600
Other current assets
700	-1,300	8,700	-5,700	-4,500	-8,400	6,400	1,500	700	-1,200	1,600	1,400	4,300	-6,700	-100	500	6,200	-1,200	2,700	1,100	-1,000	2,100	2,000	2,500	1,700	2,600	10,100	100	3,500	-3,500	5,000	3,400	-3,400	-3,700	200	300	1,800	-3,700	3,400	-1,500	4,800
Accounts payable
-8,700	-31,600	-77,100	54,300	-1,700	55,300	-62,300	31,700	77,500	-50,600	-50,300	34,000	47,300	-16,300	-26,200	14,700	67,900	-26,300	-63,900	57,700	29,600	-4,900	-63,300	54,800	59,500	-40,300	-50,600	61,200	18,800	16,300	-79,600	66,100	34,300	-65,500	-17,400	28,800	50,200	-16,800	-37,900	33,000	48,700
Accrued expenses
-33,000	-13,200	28,600	14,000	-35,000	-29,700	32,400	38,400	-35,200	-7,300	17,500	31,800	-41,700	-4,500	20,600	48,100	-28,000	-10,900	8,400	35,700	-29,000	-11,500	14,800	36,500	-33,100	-5,400	31,400	32,400	-43,000	3,700	17,400	30,100	-15,400	-13,800	13,300	17,600	-58,800	2,800	8,400	39,300	-28,700
Income taxes payable / receivable
-17,300	6,300	3,300	22,600	-34,100	-4,100	-16,500	37,400	-22,300	3,200	-26,100	44,200	-28,000	14,900	-16,500	39,100	-37,600	34,200	500	38,700	-40,100	5,200	-15,100	23,300	-29,300	9,000	0	22,500	-9,600	4,500	6,000	16,300	-8,600	-12,700	10,600	16,600	-25,900	7,700	-3,200	20,000	-5,700
Leases, net
100	-	-	-	500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-3,900	-6,600	-2,000	19,300	-200	-11,900	6,300	7,300	1,900	3,200	2,100	-3,400	-2,200	800	800	-2,200	-1,600	3,700	800	-900	-5,300	-8,100	-400	-2,700	12,200	2,400	-1,000	700	-6,500	-1,400	5,500	0	-1,900	-500	500	700	1,500	8,400	2,500	5,700	-4,600
Net cash used in discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-100	-	-100	-700	0	-2,400	-1,200	0	-12,000	-2,700	-10,200	3,300	-5,600	9,100	-23,900	-5,400	-5,900	-	-	-	-
Net cash used in operating activities
-98,800	271,600	235,500	30,000	-141,000	264,200	266,300	48,500	-83,500	196,100	177,300	59,300	-107,600	247,000	152,200	76,300	-101,600	246,700	159,200	69,900	-122,200	161,300	96,900	51,600	-125,000	145,300	153,300	49,000	-137,300	157,000	75,000	23,700	-34,300	78,400	140,200	5,900	-148,300	142,200	69,600	14,300	-40,300
Cash flows from investing activities:
Proceeds from the disposal of property, plant and equipment
100	100	400	500	300	0	0	0	100	0	0	100	100	200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	100	0	-700	200	700	-	-	-	-
Purchases of property, plant and equipment
24,700	28,600	23,500	16,300	37,200	34,300	17,500	20,700	22,700	37,800	17,100	18,500	24,900	24,900	17,700	17,900	23,800	22,900	14,000	15,000	18,000	28,500	18,700	23,900	17,300	37,300	17,600	11,300	12,100	22,200	11,600	9,800	6,600	15,600	7,800	10,100	7,900	13,100	10,300	9,000	10,700
Net proceeds from sale of business and related property
0	0	-100	0	43,600	-1,200	4,100	111,800	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	500	3,300	-500	5,300	0	2,900	7,200	0	-	-	-	-	100	0	300	3,200
Acquisition of businesses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3,500	144,200	1,200	-400	-300	6,700
Change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-500	-10,100	-1,600	-900	-10,700	-1,300	25,100
Net cash used in discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-100	-100	100	-100	-300	-500	-600	-300	-300	-	-	-	-
Payments to Acquire Short-term Investments
1,100	500	600	1,800	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance recoveries received for property damage incurred from natural disaster
0	68,000	-1,200	5,900	6,900	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-25,700	39,000	-25,000	-11,700	13,600	-28,800	-9,200	91,100	-22,600	-37,800	-17,100	-18,400	-24,800	-24,700	-17,700	-17,900	-23,800	-22,800	-14,000	-15,000	-18,000	-27,600	-18,500	-23,900	-17,300	-34,400	-14,200	-11,800	-6,900	-22,300	-8,600	-2,700	-6,800	-16,100	-8,600	-3,000	-150,100	-15,900	800	-7,000	-39,300
Cash flows from financing activities:
Short-term borrowings, net
-	-	-	-	-	-	-	-	-100	-	-300	-300	-800	-300	-2,600	900	-400	-2,500	400	600	-200	-1,900	4,000	-3,100	2,500	-1,800	2,200	400	1,200	-1,100	-8,600	3,300	6,600	1,300	-2,600	3,900	1,200	-6,500	1,500	2,100	2,100
Asset securitization borrowings
-	-	-	-	-	-	-	-	-	40,000	75,000	50,000	150,000	-	-	-	-	-	-	-	-	-	-	-	-	0	60,000	140,000	130,000	165,000	170,000	140,000	170,000	125,000	140,000	30,000	50,000	-	-	-	-
Asset securitization payments
70,000	109,500	14,500	0	43,500	109,300	2,700	0	51,000	89,000	0	0	0	275,000	0	0	20,000	20,000	0	0	40,000	40,000	0	0	0	0	20,000	40,000	140,000	160,000	145,000	140,000	170,000	-	-	-	-	-	-	-	-
Long-term debt borrowings
0	-	-	-	3,300	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term debt payments
2,600	-28,600	1,700	1,600	31,700	-29,900	15,100	7,600	10,200	100	300	200,300	200	27,900	22,700	7,900	300	500	500	23,000	0	600	800	500	400	300	200	300	200	200	300	400	200	200	300	200	200	100	500	200	35,100
Borrowings from credit facility
682,500	428,500	479,000	615,000	844,500	615,900	429,000	601,000	790,000	493,500	530,500	769,500	583,000	621,500	530,500	414,000	770,500	270,000	402,000	418,500	580,500	590,500	464,500	539,500	479,000	427,500	297,500	265,000	435,500	271,000	170,000	258,500	267,500	449,500	407,000	344,000	339,000	-	-	-	-
Payments on credit facility
342,500	661,000	571,000	512,000	525,500	628,500	724,500	597,900	444,100	564,500	670,000	533,500	497,500	853,000	629,000	472,000	392,000	422,500	539,500	466,500	379,000	557,500	518,500	513,500	319,000	460,000	443,000	344,000	296,500	369,000	234,500	256,000	215,500	485,000	482,500	261,500	167,500	-	-	-	-
Revolver long-term borrowings, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-93,000
Proceeds from employee stock purchases
800	800	900	800	800	800	1,300	400	800	800	800	800	700	700	600	700	600	600	700	500	600	500	500	500	500	500	300	500	500	500	100	100	100	1,000	200	400	900	1,000	1,100	400	1,000
Repurchases of common stock
100,000	0	150,000	150,000	100,000	100,000	0	200,200	150,000	0	75,000	100,000	75,000	0	100,000	0	200,000	0	0	0	0	450,000	50,300	50,000	0	-	-	-	-	15,100	35,000	-1,900	1,900	28,800	54,400	11,800	24,700	3,400	50,800	60,100	39,400
Repurchases of common stock to satisfy employee withholding tax obligations
5,500	7,100	2,400	1,000	13,500	5,800	2,500	500	18,100	10,100	1,900	800	13,300	7,000	4,900	4,600	16,800	8,500	1,700	1,300	20,500	10,100	1,500	100	10,700	4,300	1,900	1,600	4,200	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits related to share-based payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,300	1,300	16,000	6,500	1,300	-200	4,200	1,800	1,300	1,100	2,300	1,800	500	400	800	-100	0	300	1,200	1,600	1,100	500	2,100
Cash dividends paid
29,700	29,600	30,100	25,300	25,500	25,700	25,800	21,100	21,300	21,300	21,500	18,400	18,500	18,500	18,700	15,700	16,100	16,200	16,200	13,500	13,400	14,400	14,600	11,800	11,800	11,900	12,000	10,100	0	20,100	9,200	9,100	9,200	9,300	9,500	9,600	8,100	8,000	8,200	8,300	7,900
Net cash provided by financing activities
133,000	-320,600	-199,800	-11,900	108,900	-221,200	-254,700	-157,900	96,000	-151,000	-162,700	-33,000	128,400	-212,800	-142,700	-44,600	125,500	-218,200	-153,500	-43,400	144,000	-139,200	-75,400	-19,200	144,300	-108,000	-148,800	-22,000	128,600	-131,600	-92,800	-3,900	48,200	-77,100	-142,100	15,500	191,800	-60,400	-42,900	-6,000	15,800
Increase (decrease) in cash and cash equivalents
8,500	-10,000	10,700	6,400	-18,500	14,200	2,400	-18,300	-10,100	7,300	-2,500	7,900	-4,000	9,500	-8,200	13,800	100	5,700	-8,300	11,500	3,800	-5,500	3,000	8,500	2,000	2,900	-9,700	15,200	-15,600	3,100	-26,400	17,100	7,100	-14,800	-10,500	18,400	-106,600	65,900	27,500	1,300	-63,800
Effect of exchange rates on cash and cash equivalents
-6,700	1,200	-1,000	-1,700	3,900	-14,000	4,300	600	-1,000	200	1,900	4,600	2,600	-7,100	1,300	300	1,600	-1,900	-4,100	-700	-4,600	-5,100	-4,500	2,100	-1,000	-2,700	2,200	-4,800	-1,300	-100	6,100	-2,700	2,600	1,900	-8,100	2,900	1,800	1,700	3,000	-2,400	2,500
Supplemental disclosures of cash flow information:
Cash paid during the year for:
Interest paid
6,800	15,300	8,000	15,100	8,400	12,800	7,600	12,300	6,000	9,900	5,400	14,700	2,400	9,300	4,600	9,100	3,300	7,800	3,600	9,200	3,100	8,100	1,700	6,600	1,200	6,300	1,700	6,500	1,200	6,400	2,300	7,200	2,300	7,100	2,700	6,400	1,600	6,600	1,400	1,700	2,700
Income taxes paid (net of refunds)
21,300	4,300	24,500	22,200	32,000	2,800	42,200	12,300	32,700	3,800	67,700	11,100	36,700	6,500	65,100	4,600	51,200	9,800	39,000	2,200	32,200	4,900	48,100	16,900	35,400	3,200	31,300	10,400	11,900	2,300	19,800	2,900	5,100	20,600	3,500	3,900	21,500	19,800	21,200	4,000	500
Insurance recoveries received
0	105,200	10,000	52,000	76,000	79,300	45,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retained Earnings [Member]
Net income
12,900	-	-	-	69,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance recoveries received for property damage incurred from natural disaster
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-