MEREDITH CORPORATION MDP Cash Flow

Meredith corporation (MDP)

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	Dec'09	Sep'09
Cash flows from operating activities
Net earnings (loss)
-284,400	37,800	6,100	-13,000	23,700	18,600	17,000	16,800	-110,200	159,400	33,400	43,300	39,822	71,805	33,973	-90,552	80,904	32,519	11,029	42,579	25,256	39,591	29,365	40,445	18,486	30,569	24,041	33,803	29,421	35,571	24,855	29,982	21,169	31,594	21,627	30,331	30,837	40,557	25,707	33,369	33,299	18,954	18,341
Adjustments to reconcile net earnings (loss) to net cash provided by operating activities
Depreciation
19,600	19,600	19,800	18,500	22,800	26,300	24,900	22,100	16,300	7,900	7,900	8,400	8,415	8,773	9,112	9,414	9,737	9,953	10,296	10,325	9,787	9,567	9,239	10,305	8,587	8,312	8,423	8,313	8,092	8,201	9,001	8,639	8,189	7,845	7,316	7,686	7,522	7,177	7,299	8,024	7,972	7,776	7,755
Amortization of Intangible Assets
33,900	39,000	38,700	38,800	38,700	38,800	38,800	41,900	23,700	4,500	4,700	4,700	4,840	4,776	4,784	5,007	4,876	5,033	4,784	5,793	4,823	3,482	3,530	3,205	3,244	3,278	3,372	3,052	2,999	2,766	2,926	3,943	3,218	2,660	2,516	2,450	2,445	2,488	2,488	2,341	2,341	2,341	2,348
Non-cash lease expense
9,700	9,800	9,800	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based Payment Arrangement, Noncash Expense
2,200	2,200	7,500	4,300	2,700	5,700	10,200	3,500	16,800	3,400	6,700	2,000	1,392	3,050	6,358	1,997	1,999	2,954	5,850	1,608	2,476	3,785	4,646	1,822	2,476	3,682	4,244	1,890	2,048	3,023	4,557	871	1,956	3,609	4,023	948	2,101	2,724	3,167	2,206	2,094	2,424	4,112
Deferred income taxes
-58,800	-7,000	13,100	-9,400	6,900	78,100	-9,600	34,000	-28,400	-134,800	12,700	10,000	10,621	13,179	8,700	-14,128	8,079	8,722	6,427	23,035	10,699	6,160	7,326	17,316	-2,902	2,018	8,746	12,462	10,109	10,898	11,379	30,514	9,388	9,959	8,164	446	24,499	5,638	7,593	25,222	5,033	6,598	5,560
Amortization of original issue discount and debt issuance costs
1,800	1,600	1,700	1,700	1,700	2,200	2,200	2,200	3,900	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of broadcast rights
4,700	4,700	4,900	4,900	4,900	4,800	5,400	4,800	4,800	4,700	4,900	4,900	3,960	4,491	4,249	4,104	4,144	4,243	4,209	4,180	4,333	3,957	4,106	2,667	1,681	2,192	2,245	1,992	2,654	2,388	2,626	2,695	2,961	2,784	3,429	4,203	4,290	4,192	4,413	5,204	6,423	4,770	6,164
Gain on sale of assets, net
8,600	10,500	-1,100	-	-2,500	2,100	10,200	-	-11,900	0	3,300	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	89	606	1,251	962
Payments for broadcast rights
-	-	-	-	-	-	-	5,000	5,100	5,100	5,500	4,400	4,254	4,304	4,042	4,307	4,280	4,273	4,040	4,603	3,914	3,941	3,906	2,640	2,354	2,408	2,930	3,278	3,271	3,275	3,212	4,478	2,439	4,433	3,137	4,595	23,567	-4,459	-4,866	5,102	5,478	5,491	5,605
Asset Impairment Charges
384,100	11,700	9,500	50,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value adjustments to contingent consideration
0	300	0	-2,200	-3,000	0	-100	-	-	-	-200	-1,100	-439	-18,669	708	-2,595	-1,365	860	-1,000	-900	500	-1,100	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from share-based payments
-	-	-	-	-	-	-	-	-	-	-	0	3,917	812	2,071	1,897	597	350	1,356	-319	755	2,053	3,982	763	226	803	3,063	2,180	1,739	303	1,216	149	263	83	0	82	744	-89	-228	117	358	64	67
Changes in assets and liabilities, net of acquisitions
-6,700	23,600	125,700	-	8,600	92,100	114,600	-	-49,100	8,300	10,700	-	83	2,206	26,411	-	-21,886	14,788	33,370	-	5,971	-2,325	39,178	-	7,469	-21,375	51,506	-	14,894	-10,541	40,343	-	7,216	-11,186	40,312	-	49,370	-826	-18,451	-	-13,151	-7,683	8,603
Changes in assets and liabilities, net of acquisitions/dispositions
Net cash provided by operating activities
110,900	85,600	-13,500	92,800	93,100	95,400	-36,000	54,800	-5,100	49,600	50,600	40,600	60,719	81,921	35,360	52,980	125,918	44,873	2,829	69,052	48,926	63,223	11,146	86,733	30,670	67,115	-6,428	75,785	32,919	69,810	10,573	76,292	36,891	65,121	3,626	74,160	55,851	57,402	27,122	51,748	63,871	46,989	29,043
Cash flows from investing activities
Acquisitions of and investments in businesses and assets, net of cash acquired
100	8,500	14,500	100	16,600	-100	1,800	-16,900	2,800,400	2,000	1,000	70,500	2,081	11,819	0	-	-	-	-	-	-	-	-	228,807	187,775	129	750	42,780	1,363	2,756	3,291	5,067	188,349	25,124	30,424	1,000	10,585	3,536	25,020	-5,037	16,238	11,180	5,124
Net proceeds from disposition of assets, net of cash sold
-45,400	-33,500	-300	-200	-1,100	-334,400	-13,400	-84,500	-132,500	0	-2,200	-1,500	0	0	0	-33	0	0	-1,767	0	-83,434	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Property, Plant, and Equipment
11,100	18,600	15,900	17,800	11,600	9,500	7,500	11,700	12,700	8,200	20,600	18,600	5,251	8,717	2,232	11,615	5,519	6,026	1,840	13,248	8,142	9,919	1,936	8,339	5,211	7,486	3,786	7,115	5,195	7,981	5,678	4,979	4,118	12,487	14,134	10,281	8,457	8,258	2,910	6,472	3,311	6,837	8,101
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-782	-1,980	3,543	-	-	-	0	-	-	-	-
Net cash provided by investing activities
34,200	6,400	-30,100	72,300	-27,100	325,000	4,100	89,700	-2,677,500	-9,500	-19,400	-87,600	-7,332	-20,536	-2,232	-11,596	-13,519	-6,212	-73	-15,313	4,271	-193,863	-1,936	-237,146	-192,986	-7,615	-4,536	-49,895	-6,558	-10,737	-8,969	-9,265	-191,685	-35,631	-48,101	-11,281	-19,042	-11,794	-27,930	-1,435	-19,549	-18,017	-13,225
Cash flows from financing activities
Proceeds from issuance of long-term debt
95,000	115,000	165,000	130,000	80,000	0	0	0	3,200,000	40,000	20,000	80,000	30,000	250,000	20,000	0	77,500	42,500	47,500	50,000	135,000	240,000	45,000	280,000	280,000	15,000	91,000	110,000	25,000	5,000	35,000	60,000	210,000	25,000	60,000	50,000	0	0	12,500	75,000	0	10,000	75,000
Repayments of long-term debt
115,000	155,000	105,000	260,100	130,000	446,900	200,000	4,500	699,300	48,100	13,200	13,100	73,175	271,875	16,250	8,125	173,125	63,125	23,125	80,625	168,125	103,125	38,125	90,000	95,000	45,000	71,000	115,000	35,000	45,000	10,000	100,000	40,000	25,000	5,000	80,000	20,000	40,000	27,500	90,000	35,000	20,000	95,000
Dividends paid
42,300	41,600	41,600	41,000	40,800	40,300	39,800	39,700	34,500	23,700	23,600	23,500	23,577	22,391	22,432	22,365	22,373	20,694	20,668	20,592	20,573	19,424	19,393	19,358	19,406	18,314	18,314	18,222	18,176	17,043	17,086	17,102	17,170	17,208	11,514	11,559	11,664	10,514	10,503	10,464	10,454	10,218	10,209
Purchases of Company stock
500	2,400	1,800	900	4,100	1,800	3,200	2,900	3,600	6,900	17,700	2,200	24,647	8,075	18,378	17,710	6,852	800	5,738	4,807	5,780	19,165	17,012	10,406	9,622	9,239	48,959	14,826	14,437	7,166	18,305	10,297	1,273	6,345	8,966	15,171	3,694	507	5,523	1,046	5,033	177	18
Proceeds from common stock issued
400	600	500	700	1,400	1,400	1,100	300	1,200	5,800	12,000	100	20,912	3,969	13,019	12,647	1,798	1,429	5,026	5,779	7,083	18,301	10,088	3,982	4,270	6,765	43,868	13,162	14,290	1,981	10,086	1,406	2,170	1,150	1,182	1,150	904	1,876	4,746	2,114	5,741	1,005	713
Excess tax benefits from share-based payments
-	-	-	-	-	-	-	-	-	-	-	0	3,917	812	2,071	1,897	597	350	1,356	-319	755	2,053	3,982	763	226	803	3,063	2,180	1,739	303	1,216	149	263	83	0	82	110	89	228	117	358	64	67
Payment of acquisition-related contingent consideration
0	0	0	0	0	0	19,300	1,100	0	0	3,200	-700	4,000	0	4,000	0	512	288	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance Lease, Principal Payments
100	0	700	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-1	-6	-763	-37	-640	0	0	-340	0	0	-51	-1,516	150	23	22
Net cash used in financing activities
-62,500	-83,400	16,400	-171,300	-93,500	-487,600	-261,200	-47,900	3,024,000	-32,900	-25,700	42,000	-70,605	-49,025	-25,970	-33,600	-123,009	-40,742	4,351	-50,564	-51,662	118,426	-15,460	164,879	158,554	-49,985	-342	-22,706	-26,585	-61,931	148	-65,881	153,350	-22,320	35,702	-55,838	-34,344	-49,056	-26,103	-25,405	-44,538	-19,349	-29,469
Effect of exchange rate changes on cash and cash equivalents
-400	-400	300	-600	-200	1,100	-1,700	-4,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in cash in assets held-for-sale
0	-14,400	9,300	-700	3,100	-800	1,200	-27,100	-4,200	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents
82,200	-6,200	-17,600	-7,500	-24,600	-66,900	-293,600	65,400	337,200	7,200	5,500	-5,000	-17,218	12,360	7,158	7,784	-10,610	-2,081	7,107	3,175	1,535	-12,214	-6,250	14,466	-3,762	9,515	-11,306	3,184	-224	-2,858	1,752	1,146	-1,444	7,170	-8,773	7,041	2,465	-3,448	-26,911	24,908	-216	9,623	-13,651
Supplemental disclosures of cash flow information