Matthews international corp (MATW)
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'11Dec'10Sep'10Jun'10Mar'10Dec'09
Cash flows from operating activities:
Net (loss) income

-86,595

-10,306

-71,491

14,424

15,194

2,984

29,536

24,345

18,072

35,158

19,549

29,308

14,868

10,208

23,600

23,792

14,266

4,503

17,002

23,214

8,827

14,245

5,165

18,949

11,251

7,906

14,049

17,898

14,055

8,003

11,640

16,385

15,192

11,420

20,647

22,171

17,119

13,523

20,614

21,209

16,295

13,656

Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization

29,317

28,933

30,034

20,483

21,050

19,226

19,922

20,066

19,748

17,238

17,171

18,516

17,135

15,159

16,202

17,120

16,410

15,748

15,549

15,183

16,460

15,428

14,844

9,099

9,657

9,264

11,384

9,167

9,164

8,150

6,963

7,326

7,417

7,115

7,214

6,820

6,866

6,761

7,301

7,478

6,212

6,331

Stock-based compensation expense

2,508

2,031

1,560

1,156

1,366

3,647

2,929

2,399

2,658

5,474

2,708

2,837

2,920

6,097

2,672

2,673

2,741

2,526

2,259

2,274

2,039

2,525

1,906

1,667

1,665

1,574

1,409

1,396

1,378

1,379

1,375

1,366

1,319

1,412

1,671

1,693

1,851

1,757

1,641

1,633

1,684

1,609

Deferred tax benefit

8,547

-2,392

2,752

855

4,226

-1,050

-20,147

4,843

377

38,052

-14,561

2,773

202

1,861

2,976

1,102

-736

629

-21,716

1,566

3,357

7,605

-5,973

100

741

-90

-3,185

-924

715

72

-

-

-

-

-

-

-

-

-

-

-

-

Gain on investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,250

-

-

-

400

770

375

-250

-351

Loss (gain) on sale of assets, net

-27

0

8,357

82

70

58

1,265

112

237

576

444

-71

458

-55

-103

-171

141

206

123

88

34

31

-343

-61

34

598

-283

-30

319

341

-2,215

122

4,448

63

-466

1,710

1,470

118

-

63

22

46

Loss on divestiture

0

0

-2,004

0

0

-4,465

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized loss on investments in mutual funds

-1,118

1,048

985

-450

1,760

-1,990

533

572

-290

489

707

542

602

809

607

262

133

424

-994

117

500

0

-219

408

175

700

714

502

450

0

-

-

-

-

-

-

-

-

-

-

-

-

Loss from equity-method investments

-938

-407

-

-

-576

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in deferred taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,362

-289

-1,060

-

-189

438

-867

-

-2,101

-1,289

-1,083

Changes in working capital items

-

13,182

-

-

-

21,060

4,037

-1,921

-2,181

9,999

-8,692

-2,187

-7,713

12,808

-7,130

-13,220

-5,851

12,486

24,993

-12,627

-22,597

12,982

-4,822

-7,384

10,817

7,554

-2,824

-4,727

4,813

5,741

654

-1,556

6,268

11,037

-325

4,743

15,935

2,740

-7,553

-3,348

4,142

6,824

Decrease (increase) in other assets

-7,082

1,495

-

-

1,832

-1,426

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Decrease) increase in other liabilities

-34

-1,073

-

-

1,096

-159

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease (increase) in other assets

-

-

-

-

-

-

-2,060

3,740

2,856

5,336

6,029

2,122

7,928

1,177

1,148

1,262

1,478

1,703

-1,272

-2,447

-443

98

-2,779

1,030

3,450

-2,645

-1,258

-465

154

-59

-870

-2,058

5

-1,533

-60

-1,207

-3,717

197

5,719

970

-1,092

-2,421

Increase in other liabilities

-

-

-

-

-

-

-3,526

-696

8,726

902

7,551

-2,971

-1,113

-928

6,970

-1,306

-180

-87

6,375

-9,809

-3,212

-1,395

-2,443

-545

2,944

-3,524

-75

5,649

4,749

-7,534

-1,279

-257

1,834

-4,152

-483

364

-1,032

-856

-544

-1,046

3,642

-3,467

(Decrease) increase in pension and postretirement benefit obligations

-

-

-

-

-

-

-

-

-

-

-

-1,581

4,378

3,318

-12,243

3,027

3,710

3,041

2,453

2,926

1,328

1,945

-2,435

1,821

2,051

2,318

1,796

3,401

3,306

3,336

-1,845

3,213

3,129

3,137

-6,444

2,618

2,388

2,573

-6,070

2,625

2,669

2,501

Other operating activities, net

-8,150

-1,302

-4,312

3,984

2,001

-5,125

3,306

-12,232

428

3,317

-3,400

8,546

-8,471

-1,208

2,166

-9,557

90

-264

-3,779

2,884

-5,492

-3,609

-2,909

1,909

-1,015

851

-268

-364

-3,791

498

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

60,638

5,357

41,669

44,125

36,903

8,386

64,768

26,536

48,633

7,637

53,537

51,476

28,240

16,046

41,869

46,514

41,872

10,019

38,725

49,975

43,941

8,423

28,264

38,807

11,336

12,272

35,131

42,791

22,410

7,737

27,136

29,075

19,131

7,055

35,822

28,231

13,948

19,830

22,949

27,858

32,035

23,645

Cash flows from investing activities:
Capital expenditures

9,360

9,722

5,725

12,793

10,712

8,458

11,050

10,296

10,207

11,647

12,720

18,965

8,181

5,069

8,985

8,751

9,788

14,158

13,586

15,067

10,330

9,268

10,483

8,895

5,290

4,569

7,656

6,321

5,690

5,257

8,595

8,720

10,193

5,728

6,590

8,163

3,939

3,748

10,387

2,640

4,234

4,176

Acquisitions, net of cash acquired

0

0

-21

0

3,121

8,404

1,112

264

33,725

85,964

1,915

3,756

81,831

10,733

1

855

6,081

0

-

-

-

-

382,104

0

0

0

6,372

3,818

3,135

60,634

0

11,153

1,331

57

52,911

-235

5,034

26,659

4,074

13,643

5,095

9,511

Proceeds from sale of assets

118

63

11,745

1,046

101

361

1,347

1,627

568

1,163

2,249

555

953

7

134

223

272

849

150

222

61

629

217

16

17

12

1

30

171

50

232

872

278

79

288

181

839

155

24

72

42

58

Proceeds from sale of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

10,418

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from divestiture

0

0

0

0

0

8,254

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments and advances

5,067

4,570

-

21,585

4,117

7,371

-

125

16

11,730

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-2

35

1,606

0

4

0

1,612

Net cash used in investing activities

-14,309

-14,229

6,040

-33,332

-17,849

-15,618

-1,720

-9,058

-43,380

-108,178

-13,916

-22,847

-89,059

-15,795

-8,852

-9,383

-15,597

-13,309

-225,203

-16,548

-23,194

1,779

-392,370

-8,879

-5,273

-4,557

-14,027

-10,109

-8,654

-65,841

-8,371

-19,001

-12,196

-5,706

-59,044

-7,745

-8,169

-31,858

-14,267

-16,097

-8,649

-15,241

Cash flows from financing activities:
Proceeds from long-term debt

789,125

153,567

78,851

243,248

32,228

149,366

22,891

54,105

117,570

509,622

44,275

133,341

105,973

133,454

12,708

55,658

421

21,634

231,956

20,033

16,460

10,928

395,357

5,017

7,652

7,683

2,576

-3,730

33,445

84,191

32,330

13,016

2,900

5,084

54,076

23,395

15,774

23,862

20,000

12,981

11,274

14,210

Payments on long-term debt

789,428

131,931

111,284

241,120

38,668

128,659

84,275

71,782

98,788

396,321

76,729

142,741

101,444

67,533

59,085

23,335

27,594

10,366

17,893

29,510

34,890

17,925

29,952

13,995

8,221

6,263

9,171

20,067

38,662

15,393

34,005

11,384

4,328

3,339

10,685

14,550

10,931

12,048

20,517

7,978

25,990

12,822

Purchases of treasury stock

506

1,845

4,312

8,529

5,535

7,751

1,090

1,786

13,890

4,415

2,374

2,478

2,674

6,499

95

49,694

1,479

6,730

4,670

7

1,874

8,016

5,266

372

272

3,995

8,093

6,270

2,729

4,530

12,109

7,610

4,009

7,289

30,224

6,943

4,657

2,743

14,363

11,556

4,243

5,143

Proceeds from the exercise of stock options

-

-

-

-

-

-

-

-

-

-

0

0

0

14

1,225

3,383

0

1,798

108

129

51

3,727

5,906

217

173

1,655

18

432

41

483

0

-1

241

27

359

1,079

338

153

831

23

54

672

Excess tax (expense) benefit of share-based compensation arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33

6

34

-

6

8

56

Dividends

6,648

6,535

6,366

6,394

6,446

6,414

6,109

6,418

6,039

6,071

5,569

5,384

5,420

5,389

5,038

4,729

4,732

4,914

4,933

4,304

4,308

4,302

4,278

3,075

3,017

3,026

2,982

2,737

2,819

2,744

2,728

2,504

2,544

2,549

2,554

2,351

2,358

2,369

2,352

2,092

2,117

2,127

Acquisition holdback and contingent consideration payments

-

652

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,773

0

4,246

5,296

0

0

0

0

-

-

-

-

-

-

-

-

Transactions with noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,338

67

0

4,161

809

0

95

0

-

-

-

-

-

-

-

-

-

-

-

-

-28,024

33,623

35

586

0

0

234

0

Other financing activities

-2,787

-688

-697

-703

-712

-724

-6,303

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-11,331

11,916

-44,879

-14,798

-21,183

5,818

-74,886

-25,881

-1,147

102,815

-40,397

-17,262

-3,565

54,047

-51,623

-21,102

-33,384

-2,739

185,118

-13,659

-24,656

-15,588

361,767

-12,208

-7,553

-3,946

-19,426

-32,865

-15,243

56,711

-16,512

-8,483

-7,910

-8,066

38,923

-32,960

-1,863

6,303

-16,471

-8,616

-21,248

-5,154

Effect of exchange rate changes on cash

-2,044

1,038

-1,131

-122

23

-322

-305

-2,713

583

353

1,539

1,782

1,580

-3,602

-166

-878

1,335

-1,061

3,768

1,298

-3,383

-1,603

-3,261

174

215

137

1,163

-551

-404

620

385

-1,570

1,172

-471

-10,154

6,863

2,691

-266

11,530

-8,105

-1,032

-1,154

Net change in cash and cash equivalents

32,954

4,082

1,699

-4,127

-2,106

-1,736

-12,143

-11,116

4,689

2,627

763

13,149

-62,804

50,696

-18,772

15,151

-5,774

-7,090

2,408

21,066

-7,292

-6,989

-5,600

17,894

-1,275

3,906

2,841

-734

-1,891

-773

2,638

21

197

-7,188

5,547

-5,611

6,607

-5,991

3,741

-4,960

1,106

2,096

Acquisition of long-term asset under financing arrangement

-

-

-

-

-

-

-

0

0

14,544

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-