The middleby corporation (MIDD)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Jan'16Sep'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 earnings

357,006

352,240

338,082

328,967

320,745

317,152

297,499

299,265

292,846

298,128

303,878

305,058

300,380

284,216

253,567

226,541

207,917

191,610

193,072

203,960

198,098

193,312

191,484

172,713

161,471

153,928

141,795

130,622

124,504

120,697

117,468

111,160

99,743

95,473

81,908

79,049

76,930

72,867

0

0

0

Adjustments to reconcile net earnings to net cash provided by operating activities--
Depreciation and amortization expense

104,513

103,428

108,055

108,751

102,728

97,238

86,953

76,081

75,741

69,774

63,101

59,309

57,361

58,234

64,500

63,154

57,772

54,074

43,301

42,098

41,963

41,252

40,081

38,661

39,662

43,164

41,230

39,131

33,879

26,903

25,731

23,964

22,708

19,708

20,025

18,540

17,145

17,014

0

0

0

Non-cash share-based compensation

11,200

8,100

500

2,000

3,500

2,500

5,022

1,495

2,750

6,200

17,037

23,250

26,496

27,905

21,524

19,625

18,794

15,864

16,741

17,393

16,781

16,690

14,602

12,628

10,835

11,862

11,870

12,037

12,202

11,984

14,366

16,661

18,924

18,133

16,400

14,659

13,404

14,682

0

0

0

Deferred income taxes

29,900

22,212

17,108

24,973

18,905

20,489

-22,549

-26,498

-27,209

-14,492

23,407

30,349

27,557

21,363

22,780

12,156

8,035

1,919

158

21

5,516

15,341

8,165

8,879

8,710

-2,975

1,556

-663

-1,278

-83

7,189

8,423

8,031

5,421

2,218

2,581

1,203

1,420

0

0

0

Net Periodic Benefit Cost, Other Components

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess Tax Benefit from Share-based Compensation, Operating Activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized loss/(gain) on derivative financial instruments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-3

-20

-45

-4

-8

21

40

7

0

0

0

Changes in assets and liabilities, net of acquisitions
Accounts receivable, net

6,083

27,748

-12,473

-3,820

14,645

25,347

26,590

19,310

-7,804

-26,180

-15,910

-94

-5,085

33,908

23,374

-1,638

-2,745

-17,112

-4,711

1,551

10,000

20,577

25,025

26,004

24,707

17,524

29,734

26,188

27,892

3,880

-5,320

1,395

4,105

18,990

20,703

17,848

22,194

28,306

0

0

0

Inventories, net

1,850

28,288

68,638

93,924

73,781

28,378

15,381

-16,255

-5,215

9,744

6,984

24,495

33,532

22,246

1,807

-11,170

-10,047

-7,826

17,202

18,185

11,449

2,064

11,519

19,804

12,228

19,819

23,442

23,958

22,845

19,026

7,642

323

1,388

2,287

9,735

13,453

17,172

6,311

0

0

0

Prepaid expenses and other assets

-6,516

-5,067

-12,114

-14,839

-6,936

-18,145

20,363

20,509

7,396

34,122

6,555

20,417

20,110

11,550

17,839

29,207

6,713

5,685

3,244

-22,703

-23,677

384

-12,693

-5,684

24,167

7,768

11,849

20,737

4,674

7,198

8,959

6,759

7,548

-2,455

-1,248

-2,944

3,443

-987

0

0

0

Accounts payable

-18,968

-29,396

-28,673

-4,568

21,588

13,611

20,633

2,819

-22,834

-21,631

-12,436

-18,598

-8,691

-7,730

-37,503

-23,236

-27,609

-18,036

-1,187

-6,454

2,876

-7,872

-3,980

1,570

-10,722

-9,248

-10,898

-7,332

4,971

2,684

14,907

6,073

1,061

-2,581

-7,692

-1,447

3,301

10,912

0

0

0

Accrued expenses and other liabilities

-20,458

634

-23,986

-40,439

11,672

-14,799

-6,073

8,944

-42,020

-33,219

-64,305

-60,973

-28,061

-22,174

-24,735

-45,327

-30,647

-15,092

726

20,984

3,734

-1,816

427

-10,548

-29,780

-5,462

-2,546

-4,797

12,253

-3,735

-9,677

-2,857

13,216

13,057

13,803

10,603

12,474

14,697

0

0

0

Net cash provided by operating activities

430,614

377,425

346,611

323,869

358,114

368,914

351,610

365,054

302,323

304,455

323,905

284,464

326,485

294,110

257,113

236,514

240,341

249,592

237,076

280,969

271,196

233,882

226,955

183,813

119,069

146,158

117,937

98,068

131,124

128,346

158,706

154,967

150,687

130,393

97,480

95,607

81,608

97,955

0

0

0

Cash flows from investing activities--
Additions to property and equipment

47,695

46,609

37,307

33,462

27,478

36,040

44,611

46,993

62,874

54,493

48,452

43,417

25,400

24,817

23,169

23,786

23,938

22,362

21,028

17,841

16,029

13,143

13,691

13,530

13,948

14,640

12,745

12,651

9,991

7,652

8,923

7,786

7,721

7,840

5,031

3,905

3,461

3,159

0

0

0

Payments to Acquire Intangible Assets

-

-

-

-

-

5,399

5,399

5,399

5,399

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Acquisitions, net of cash acquired

298,702

281,058

289,220

220,532

1,180,922

1,197,984

1,293,531

1,330,530

332,014

305,251

159,458

118,159

213,617

210,921

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) investing activities

-346,397

-327,667

-326,527

-253,994

-1,208,400

-1,239,423

-1,343,541

-1,382,922

-386,009

-345,466

-193,632

-147,298

-239,017

-235,738

-320,792

-508,243

-326,065

-370,987

-426,181

-253,223

-236,717

-233,058

-175,765

-148,418

-141,387

-474,190

-410,522

-449,654

-440,181

-69,895

-97,360

-100,705

-195,655

-188,910

-136,261

-125,780

-30,583

-28,877

0

0

0

Cash flows from financing activities--
Proceeds under Credit Facility

2,743,290

543,294

535,336

457,243

1,480,723

1,611,110

1,789,624

1,961,222

996,360

758,883

821,890

568,903

457,635

432,768

116,862

298,500

76,000

145,500

211,300

-20,000

-18,000

18,900

-29,800

-32,800

12,000

312,100

270,500

615,800

635,000

256,500

264,500

-93,400

-24,450

0

30,050

118,550

29,250

0

0

0

0

Repayments under Credit Facility

2,435,709

560,363

532,558

524,684

632,526

746,281

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (repayments) proceeds under previous revolving credit facilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

309,400

0

0

0

-

-

-

-

-

-

-

-

Net proceeds (repayments) under international credit facilities

453

-405

228

-3,826

-7,046

-7,088

-6,997

-2,940

-21

-1,062

-1,929

-54,116

-54,289

-26,821

-30,627

18,582

19,823

-6,058

-51

3,673

3,784

8,815

8,057

7,342

4,878

-632

-2,870

-5,437

-6,014

-4,771

-3,739

-1,106

1,435

862

579

-848

-2,312

-2,421

0

0

0

Net repayments under other debt arrangement

-15

-179

-175

-175

-175

-3

-12

-21

-30

-35

-35

-35

-34

-35

-262

-261

-262

-262

-35

-35

-35

-35

-35

-35

-36

-32

327

335

345

350

0

0

0

-

-

-

-

-

-

-

-

Payments of deferred purchase price

-1,202

-1,648

-2,190

-1,680

-1,680

-1,234

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of treasury stock

75,476

6,144

6,144

6,086

5,268

0

14,842

215,193

215,193

239,838

224,996

24,645

24,645

4,418

4,418

4,418

4,418

4,836

4,836

4,836

4,836

44,283

45,088

46,943

47,583

4,391

8,271

7,929

10,715

20,670

18,617

20,682

17,256

15,663

0

0

0

-

-

-

-

Payments of Debt Issuance Costs

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,873

5,873

5,862

0

0

0

-

-

-

-

-

-

-

-

Excess tax benefit related to share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,304

-812

-819

-822

2,414

2,939

2,904

2,848

25,490

25,068

33,186

43,270

19,315

22,793

16,278

17,197

16,108

0

0

0

-

-

-

-

-

-

-

-

Net proceeds from stock issuances

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,842

4,364

4,491

2,273

2,804

2,039

1,299

688

224

325

325

476

666

0

0

0

Net cash (used in) provided by financing activities

223,764

-25,445

-5,878

-79,583

833,653

856,129

988,243

1,043,962

103,142

55,836

-113,035

-146,011

-63,363

-41,370

74,489

311,584

90,321

136,758

209,317

-18,294

-16,239

8,887

-41,555

-38,383

16,369

330,202

286,456

350,565

325,013

-64,941

-39,644

-38,705

64,383

91,589

46,211

43,117

-50,158

-69,874

0

0

0

Effect of exchange rates on cash and cash equivalents

-8,148

-1,514

-3,613

-889

-5,447

-3,573

-1,450

1,317

7,258

6,344

2,708

-313

-3,210

-4,045

-4,092

-4,410

-3,175

-3,780

-3,302

-3,124

-3,031

-2,660

-838

840

1,230

358

379

200

-900

640

-13

-1,719

40

-512

0

1,073

96

89

0

0

0

Changes in cash and cash equivalents--
Net (decrease) increase in cash and cash equivalents

299,833

22,799

10,593

-10,597

-22,080

-17,953

-5,138

27,411

26,714

21,169

19,946

-9,158

20,895

12,957

6,718

35,445

1,422

11,583

16,910

6,328

15,209

7,051

8,797

-2,148

-4,719

2,528

-5,750

-821

15,056

-5,850

21,689

13,838

19,455

32,560

7,430

14,017

963

-707

0

0

0

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Income tax payments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0