MITEL NETWORKS CORP MITL Cash Flow

Mitel networks corp (MITL)

CashFlow / Quarterly

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	Oct'13	Sep'13	Jul'13	Jun'13	Mar'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Oct'10	Jul'10
CASH PROVIDED BY (USED IN) Operating activities:
Net loss
-6,700	15,400	-21,000	-1,700	-26,800	-100	-21,100	-209,200	25,100	-10,800	-22,400	-6,300	-8,100	-11,600	5,300	10,800	-5,300	800	-13,600	-6,800	5,400	-1,400	-3,800	2,700	-1,700	2,100	-1,900	-2,100	49,200	4,600	-1,200	-2,800	-	-4,000	80,900	6,800
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Amortization and depreciation
32,500	34,200	34,400	36,900	13,200	13,100	12,800	24,900	26,000	24,400	25,400	25,700	28,600	25,500	19,300	20,400	19,700	19,600	16,200	6,800	9,800	9,700	9,100	9,000	8,900	9,000	9,000	8,600	8,700	8,200	8,100	8,400	-	8,400	8,400	8,600
Fair value adjustment on derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	200	800
Accretion of interest on litigation settlement obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	100	100	-	200	100	200
Stock-based compensation
4,700	6,100	4,200	3,600	3,100	4,400	3,300	4,300	4,300	3,900	4,300	3,900	3,800	3,300	1,800	1,600	1,500	1,700	1,300	900	1,200	1,200	1,100	1,000	1,100	1,100	1,100	1,100	1,000	1,100	1,400	1,300	-	1,300	1,300	800
Deferred income tax expense (recovery)
4,600	-4,300	-800	-20,300	6,600	-4,300	-15,000	-16,500	9,100	-7,300	-12,600	3,600	-11,900	-14,800	-900	-7,900	-15,000	-2,800	-4,900	-10,200	5,200	-5,400	700	-2,200	-2,400	10,200	2,300	5,100	46,000	700	-300	1,400	12,800	1,500	80,900	1,200
Goodwill impairment (note 4)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	1,900	1,900	-	-	-	-	-	-	-	-	-	-
Non-cash portion of debt retirement and other debt costs (note 11)
-	900	-	0	0	0	18,000	0	400	400	1,300	0	500	8,400	700	0	700	800	14,200	600	-	0	-	0	2,400	-	-	-	-	-	-	-	-	-	-	-
Gain on divestitures (note 4)
-	19,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on divestiture of the Mobile business unit (note 4)
-	-	-	-	-	-	7,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accretion of interest
0	200	300	-	300	400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash movements in provisions
3,700	1,500	4,800	3,800	3,500	1,500	1,400	5,200	3,800	-1,700	900	3,300	100	200	-900	-	500	1,900	-	3,000	2,600	900	-200	-1,200	300	0	800	1,900	4,000	1,300	1,500	-200	4,000	-2,500	-300	3,200
Non-cash charge relating to acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	400	400	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized foreign exchange loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-300	300
Change in non-cashoperating assets and liabilities (note 19)
-15,600	3,600	-8,400	15,600	-29,300	23,200	-19,200	-15,700	39,000	12,900	-39,900	12,100	-4,300	12,900	4,200	25,800	-19,300	-7,600	-13,600	1,100	-7,400	-6,800	-6,900	-8,800	5,000	13,400	-11,600	-2,800	-8,100	3,500	-3,400	6,600	-	2,100	2,800	1,300
Net cash provided by (used in) operating activities
54,400	30,900	29,700	6,400	28,600	-9,000	10,700	37,200	29,700	-4,000	36,800	18,100	17,300	-1,900	21,100	-500	20,400	25,800	26,800	-17,600	16,000	10,000	13,200	25,300	9,700	17,300	16,700	3,400	3,400	15,400	3,800	12,400	10,700	4,800	7,400	9,600
Additions to property, equipment and identifiable intangible assets
2,300	5,100	3,400	5,800	4,900	4,200	4,300	5,400	4,600	2,300	5,000	5,000	3,900	6,200	1,100	3,600	2,400	4,300	3,200	-400	1,300	900	1,200	2,400	1,600	2,600	4,700	3,500	1,700	5,400	3,900	2,600	-	2,800	600	1,000
Acquisitions, net of cash acquired (note 3)
-	-	-	-	400,600	-	-	-	-	-	-	-	-	343,700	-	0	2,000	0	6,200	0	-	0	23,100	23,100	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from divestitures of business units, net of cash divested (note 4)
-	41,500	-	0	0	16,600	320,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net realized foreign exchange loss on hedging activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	300
Net cash provided by (used in) investing activities
-2,300	36,400	-3,400	-16,200	-405,500	12,400	316,000	-5,400	-4,600	-2,300	-5,000	-8,000	-3,900	-349,900	-1,100	-3,600	-4,400	-4,300	-9,400	400	-1,300	-900	-24,200	-25,500	-1,600	-2,600	-4,400	-3,500	-900	-5,400	-3,900	-2,600	-1,500	-2,800	-900	-100
Financing activities:
Decrease in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-100	-	-	-	-300	-	-	-	-	-	-	0	300	-1,200
Proceeds from issuance of long-term debt (note 11)
-	-	-	0	298,500	0	150,000	-	-	-	-	-	-	653,400	-	0	0	0	353,200	-	-	0	-	0	276,400	-	-	-	-	-	-	-	-	-	-	-
Repayment of long-term debt (note 11)
0	45,400	2,600	2,600	1,900	1,900	591,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of senior credit facilities (note 13)
-	-	-	-	-	-	-	-	11,500	-	-	-	1,700	279,100	-	-	25,000	25,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of acquired long-term debt (note 3)
-	-	-	-	-	-	-	-	-	-	-	0	-25,000	30,400	25,000	-	-	-	259,400	-	500	500	1,000	500	304,000	-	2,200	-	0	0	200	12,300	-	500	500	500
Borrowings under revolving credit facilities (note 11)
26,000	62,000	74,000	102,500	200,000	68,000	135,000	-	17,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of revolving credit facilities (note 11)
72,000	87,000	97,000	102,500	113,000	43,000	57,000	-	17,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of debt issue costs and other debt costs (note 9)
-	-	-	0	9,500	0	6,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepayment fees related to repayment of senior credit facilities (note 13)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of deferred financing costs and other debt costs (note 13)
-	-	-	-	-	-	-	-	-	-	-	-	2,400	17,200	-	0	0	0	11,000	-	-	0	-	0	8,500	-	-	-	-	-	-	-	-	-	-	-
Repayment of capital lease liabilities and other long-term debt
900	800	1,200	1,100	1,300	1,300	2,400	-	1,900	-	1,200	1,400	2,000	1,800	2,100	1,600	1,600	1,300	2,800	1,100	-	1,100	-	1,100	1,100	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common shares from option exercises
600	1,500	1,000	700	8,100	1,100	1,000	200	500	1,300	200	2,300	600	400	800	700	2,000	2,400	1,600	-	600	400	100	100	-	0	0	200	-	0	0	1,800	-	300	200	-
Repurchase of common shares
-	-	-	0	0	34,900	800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-46,300	-69,700	-25,800	-3,000	380,900	-12,000	-372,400	-1,200	-12,900	-13,900	-41,000	-700	-5,500	325,300	-26,300	-900	-24,600	-23,900	77,400	-19,200	-1,000	-1,200	-2,000	-1,500	-37,200	-1,000	-3,000	-300	-1,300	-1,400	-1,800	-12,100	-26,300	-1,500	-1,600	-2,000
Effect of exchange rate changes on cash, cash equivalents and restricted cash
200	-3,900	1,300	0	1,300	2,900	1,400	-3,100	-100	-2,000	1,000	-700	-1,000	1,700	-4,200	-3,800	-5,500	600	1,000	-200	1,500	1,700	-700	-100	-1,700	-500	600	-800	600	-600	-500	-300	300	200	400	600
Net increase (decrease) in cash, cash equivalents and restricted cash
6,000	-6,300	1,800	-12,800	5,300	-5,700	-44,300	27,500	12,100	-22,200	-8,200	8,700	6,900	-24,800	-10,500	-8,800	-14,100	-1,800	95,800	-36,600	15,200	9,600	-13,700	-1,800	-30,800	13,200	9,900	-1,200	1,800	8,000	-2,400	-2,600	-16,800	700	5,300	8,100
Repayment of capital lease liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,100	-	1,100	-	-	1,000	800	500	-	500	600	700	-	500	300	600
Payment of litigation settlement obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-900	-900	-1,000	-900	-	-800	-1,000	-900