La-z-boy incorporated (LZB)
CashFlow / Quarterly
Jan'20Oct'19Jul'19Apr'19Jan'19Oct'18Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Jan'11Oct'10Jul'10
Cash flows from operating activities
Net income

34,716

22,904

17,988

1,667

29,174

20,349

18,951

34,360

12,285

23,206

11,744

28,229

23,642

21,105

14,008

22,947

22,234

21,659

14,123

20,480

18,472

19,974

13,045

12,557

16,871

17,017

9,935

18,492

17,163

6,832

4,695

20,034

15,346

7,672

45,856

6,760

8,384

3,171

-942

Adjustments to reconcile net income to cash provided by (used for) operating activities
(Gain)/loss on disposal of assets

9,768

-253

536

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

74

-258

70

69

-89

42

-127

-27

Change in deferred taxes

965

950

-677

-4,206

966

1,755

-183

6,718

10,946

-1,747

1,344

-2,645

2,125

2,165

-1,076

-419

4,862

-10

148

5,017

-2,188

-457

-1,342

2,713

-2,538

-1,091

700

3,943

-288

-277

-180

5,896

-4,258

-429

-43,355

-131

4

-30

37

Restructuring

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,186

-60

-142

87

-

-

-

-

-

-

-

-

-

-

-

144

Provision for doubtful accounts

-140

234

116

25

162

36

279

78

124

96

-22

-227

-46

59

-77

-1,335

249

86

340

230

947

495

618

157

500

749

1,245

-2,014

355

-15

669

1,081

997

1,080

1,038

3,458

1,851

974

914

Depreciation and amortization

8,099

7,638

7,298

7,965

7,641

8,000

7,541

8,096

7,802

8,111

7,758

7,820

7,312

7,199

6,800

7,209

6,629

6,408

6,271

5,986

5,301

5,617

5,379

5,653

5,868

5,814

5,847

6,029

5,872

5,753

5,486

5,432

5,682

6,465

5,907

6,557

6,281

5,658

5,806

Equity-based compensation expense

2,528

3,032

1,675

2,807

2,495

3,639

2,040

1,545

1,519

2,852

3,558

1,293

1,691

2,551

3,329

1,424

1,745

2,111

3,012

686

1,047

2,037

3,010

1,368

1,700

2,478

3,193

3,260

1,239

3,340

3,619

1,423

1,010

1,726

1,559

677

687

1,329

1,027

Pension plan contributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20,000

1,160

1,160

1,160

3,008

930

930

930

1,995

2,500

0

0

Change in receivables

-1,544

21,257

-8,535

-6,043

-1,030

14,114

-14,236

7,858

1,108

9,588

-15,753

7,274

1,360

16,880

-17,664

4,554

-10,304

19,630

-24,610

9,606

-9,146

14,576

-12,441

1,528

-3,567

20,514

-21,812

-4,682

9,232

7,968

-19,657

8,730

-3,966

14,826

-13,408

9,396

-13,029

18,983

-16,949

Change in inventories

-7,583

7,118

527

-22,085

3,913

3,945

11,092

-1,133

5,046

1,619

2,477

-18,446

2,182

4,257

-510

-8,500

1,620

-658

22,159

-4,269

907

-4,868

15,874

-5,722

4,605

-1,127

11,688

-12,746

-9,935

-983

23,273

9,617

-6,968

-5,593

10,358

-3,607

1,348

3,783

9,007

Change in other assets

-25,484

-20,831

-7,305

-2,366

-5,678

16,244

-463

-59

-4,631

-2,902

10,837

-3,204

2,609

339

1,467

-2,157

-7,647

-1,277

6,933

1,640

459

-3,268

-2,985

5,656

-4,618

727

1,193

-25

-611

3,137

2,906

-1,346

-4,965

790

2,203

-2,557

-408

3,233

295

Change in payables

-3,195

5,245

-1,391

-7,342

-1,080

3,543

2,491

-5,927

10,393

6,110

-3,974

-1,818

4,810

1,146

403

-1,356

977

-2,649

2,021

2,453

-6,874

-530

-255

-1,161

-907

1,865

1,907

173

-1,642

-73

-4,546

8,255

249

2,596

-3,630

-1,197

3,961

3,474

-10,667

Change in other liabilities

-1,759

1,650

-20,446

-3,762

3,098

17,983

-2,572

-12,625

-1,605

7,481

-3,339

8,540

5,569

7,963

-4,341

8,924

-4,538

17,455

-19,223

3,879

1,479

13,616

-19,993

30

5,213

14,315

-16,335

6,606

15,894

5,923

-17,407

5,099

5,465

6,247

-4,201

1,715

-1,186

4,678

-16,044

Net cash provided by operating activities

66,057

34,362

19,340

59,297

45,364

13,930

32,154

24,550

39,976

31,716

19,508

54,976

38,911

18,350

35,753

44,795

47,991

20,193

1,530

31,687

23,296

32,990

-1,222

28,043

30,376

19,393

13,020

34,988

35,911

12,887

-15,346

26,992

38,334

14,500

3,022

17,130

29,529

-6,762

-12,051

Cash flows from investing activities
Proceeds from disposals of assets

11,154

66

22

1,494

191

195

61

820

12

149

459

488

130

108

35

548

15

2,212

279

121

2,406

5,186

1,348

-15

7

163

2,078

2,971

499

63

922

115

36

133

88

83

119

282

22

Proceeds from insurance

62

376

642

30

40

56

58

280

322

1,035

450

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures

12,515

10,650

12,299

12,667

8,840

11,053

15,873

12,199

7,766

7,226

9,146

4,775

5,303

5,017

5,209

4,859

5,876

7,443

6,506

13,807

15,932

21,174

19,406

10,652

8,755

11,107

3,216

4,120

10,155

6,402

5,235

4,145

3,300

4,930

3,288

2,371

3,182

2,551

2,436

Purchases of investments

8,450

12,510

5,288

5,742

9,763

1,003

4,190

4,469

5,617

7,656

10,851

8,985

2,964

10,119

7,695

5,193

4,123

6,271

5,422

9,783

6,320

8,283

15,941

13,437

17,616

16,748

6,432

13,236

4,839

20,731

10,783

1,482

1,248

1,712

3,502

1,910

1,660

2,297

4,333

Proceeds from sales of investments

11,517

9,111

4,060

6,640

6,550

2,992

4,762

5,565

5,580

5,672

5,857

6,055

4,142

6,087

3,670

4,825

4,487

6,426

12,983

9,763

6,160

7,405

10,422

6,583

9,778

9,638

8,558

6,004

6,974

3,486

2,198

2,220

1,269

1,781

3,379

2,642

1,892

1,768

4,353

Cash effects on deconsolidation of VIE

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

632

Acquisitions

537

437

5,438

-

-

-

-

0

616

0

15,879

0

19,881

10,716

5,281

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1

4,352

2

-7,289

6

0

-126

6

2,888

6

0

6,931

2,861

0

0

0

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2

8

30

13

Net cash used for investing activities

1,231

-14,044

-18,301

-8,168

-12,259

-86,958

-15,182

-10,003

-8,085

-8,026

-29,110

-7,217

-23,876

-19,657

-14,480

-9,418

-5,497

-23,648

1,334

-13,705

-19,812

-16,868

-16,288

-10,683

-17,387

-17,928

982

-11,269

-7,496

-39,447

-19,829

-6,144

-4,218

-5,409

-3,323

-1,554

-2,839

-2,828

-3,039

Cash flows from financing activities
Payments on debt and finance lease liabilities

40

48

47

54

53

57

59

59

72

65

66

71

61

67

89

93

132

161

122

158

55

146

7,212

145

171

131

132

139

117

134

2,121

20,228

848

270

4,590

10,168

10,568

10,316

10,566

Proceeds from debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

97

10,032

10,218

10,238

Stock issued for stock and employee benefit plans, net of shares withheld for taxes

257

1,988

-1,417

9,889

-27

6,048

-2,009

1,559

1,062

-21

377

10

368

511

860

-1,981

0

108

145

901

335

30

131

39

543

2,220

763

1,373

292

582

654

4,225

397

271

50

212

0

34

24

Excess tax benefit on stock option exercises

-

-

-

-

-

-

-

-

-

-

-

-187

98

689

1,137

490

382

29

363

1,358

-18

3

249

7,130

577

1,951

3,277

1,446

92

152

873

223

0

0

0

-

-

-

-

Purchases of common stock

12,179

10,854

12,313

6,231

5,116

3,666

7,944

10,656

15,382

19,201

11,491

10,895

5,296

6,199

13,567

14,986

10,635

9,290

9,171

16,101

16,098

13,592

6,062

11,821

6,595

6,610

7,071

5,116

1,205

0

4,012

662

2,975

1,542

0

-

-

-

-

Dividends paid

6,490

6,039

6,112

6,127

6,103

5,653

5,625

5,666

5,695

5,311

5,337

5,385

5,401

4,946

4,923

5,004

5,025

4,057

4,055

4,097

4,142

3,155

3,119

3,139

3,161

2,104

2,110

2,117

2,119

0

0

-

-

-

-

-

-

-

-

Net cash used for financing activities

-18,452

-14,953

-19,889

-22,523

-26,299

31,672

-15,637

-14,833

-20,307

-24,598

-16,517

-16,528

-10,292

-10,012

-16,582

-21,574

-19,410

-9,371

-12,840

-18,141

-20,142

-16,860

-16,013

-7,936

-8,807

-4,674

-5,273

-4,553

-3,057

600

-4,606

-16,442

-3,604

-1,931

-4,540

-9,859

-536

-64

-304

Effect of exchange rate changes on cash and equivalents

-132

584

655

-401

908

619

-1,601

-463

1,339

14

851

317

10

-265

116

198

48

-127

-807

51

-257

-246

171

125

-315

-46

-314

-62

15

4

-25

-110

29

-53

5

-87

-178

309

-32

Change in cash, cash equivalents and restricted cash

48,704

5,949

-18,195

28,205

7,714

-40,737

-266

-749

12,923

-894

-25,268

31,548

4,753

-11,584

4,807

14,001

23,132

-12,953

-10,783

-108

-16,915

-984

-33,352

9,549

3,867

-3,255

8,415

19,104

25,373

-25,956

-39,806

4,296

30,541

7,107

-4,836

5,630

25,976

-9,345

-15,426

Supplemental disclosure of non-cash investing activities
Capital expenditures included in payables

-1,779

3,389

2,416

423

-1,615

320

4,122

1,741

2,295

-40

1,671

-

-

-

-

-

-

-

500

-5,775

936

-2,685

8,024

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-