HERMAN MILLER, INC. MLHR Cash Flow

Herman miller, inc. (MLHR)

CashFlow / Quarterly

Feb'20	Nov'19	Aug'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Feb'17	Nov'16	Aug'16	May'16	Feb'16	Nov'15	Aug'15	May'15	Feb'15	Nov'14	Aug'14	May'14	Feb'14	Nov'13	Aug'13	May'13	Feb'13	Nov'12	Aug'12	May'12	Feb'12	Nov'11	Aug'11	May'11	Feb'11	Nov'10	Aug'10	May'10	Feb'10	Nov'09	Aug'09
Cash Flows from Operating Activities:
Net earnings
37,300	78,600	48,000	45,900	39,400	39,300	35,900	32,200	30,000	33,400	33,100	33,500	22,500	31,600	36,500	40,600	28,200	34,900	33,800	23,800	21,300	27,800	25,200	16,600	19,400	-80,600	22,500	23,400	16,500	8,300	20,000	12,000	14,900	23,700	24,600	17,000	19,800	17,900	16,100	2,100	8,200	9,600	8,400
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization
21,800	18,600	19,300	10,600	17,700	18,600	19,000	11,500	17,600	16,300	15,500	9,900	14,700	14,400	13,900	7,100	12,300	13,900	13,700	5,600	13,400	13,200	12,000	-	10,700	10,500	11,100	-	9,100	9,500	9,500	-	8,900	9,600	9,400	-	9,400	9,800	9,900	-	10,500	11,100	10,800
Stock-based compensation
2,500	2,800	2,600	100	2,200	2,500	2,500	2,900	1,800	1,700	1,300	-500	2,700	3,100	3,400	2,600	2,800	2,500	4,000	1,900	2,400	2,700	3,000	-	2,700	2,800	2,800	-	1,900	2,100	1,800	-	1,500	1,600	1,400	-	1,400	1,100	800	-	1,000	1,100	1,200
Pension contributions
-	-	-	-	-	-	-	-	0	0	-12,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pension and post-retirement expenses
-	-	-	-	-	-	-	1,800	400	300	400	200	100	100	100	300	300	400	400	100	100	300	300	-	0	113,000	3,400	-	4,100	19,000	5,000	-	2,700	2,800	2,800	-	3,400	3,300	3,300	-	2,700	2,900	3,200
Earnings from nonconsolidated affiliates net of dividends received
300	1,200	2,100	1,300	100	0	700	-300	200	200	100	500	0	1,100	-100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	100	0	400	300	100	100	900	0	100	300	300	-	100	100	700	-	0	0	0	-	-	-	-	-	-	-	-300	-	600	300	-400
Deferred taxes
-	-	-	-	-	-	-	-	9,300	800	200	-	-1,900	1,700	-3,700	-	-2,100	300	3,900	-	-2,900	2,600	2,800	-	-2,600	46,100	2,900	-	19,600	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Disposition of Business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-100	100	200	-	900	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sales of property and dealers
-	-	-	-	-	-	-	-	0	-300	1,100	-	700	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring Charges
3,500	4,300	1,800	-	300	300	1,100	-	-1,900	2,400	1,400	-	2,700	1,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	700	500	-	0	0	0	-	0	2,100	900	-	2,300	2,200	2,600
Decrease (increase) in current assets
-1,300	-15,100	-1,400	-	11,100	36,600	7,600	-	2,400	1,800	13,900	-	-4,800	17,800	-4,600	-	-16,100	15,500	26,600	-	-4,900	8,800	-7,100	-	8,500	8,600	3,300	-	-17,700	14,600	300	-	-41,700	38,700	-26,900	-	-8,000	33,700	30,700	-	25,800	28,000	-36,400
(Decrease) increase in current liabilities
-15,600	-2,200	-18,900	-	-7,600	33,400	-18,300	-	-14,700	10,100	-7,600	-	-21,800	32,100	-33,500	-	-11,000	1,900	9,000	-	-16,900	5,300	-2,000	-	-3,000	-600	6,600	-	-6,100	-800	-600	-	-14,600	4,400	-24,300	-	-10,800	35,800	12,100	-	26,000	32,300	-32,600
Increase in non-current liabilities
-	-	0	-	-	-	600	-8,000	8,400	1,400	1,600	2,000	100	2,300	1,800	400	1,700	1,600	3,000	-300	-1,300	700	-300	-	-2,600	-5,200	-1,100	-	-800	600	-6,700	-	-12,400	-5,700	-1,300	-	-2,500	-9,700	-100	-	-	-	-
Contingent consideration expense (income)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,300	4,400	5,300	-	1,500	-500	1,200
Other, net
-1,100	2,200	2,600	700	-1,700	1,700	400	-600	-500	-500	500	1,500	800	200	0	400	500	0	800	700	300	600	-200	-	500	300	0	-	8,100	-6,200	-500	-	1,200	1,800	-300	-	-1,400	700	600	-	7,900	-3,300	-2,400
Decrease in non-current liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,700	-900	400
Net Cash Provided by Operating Activities
49,400	87,700	54,700	85,800	39,100	58,600	32,900	55,800	29,200	62,600	18,900	80,000	27,700	64,200	30,200	84,500	52,700	39,900	33,300	57,900	29,100	38,700	42,000	39,700	22,900	-10,700	38,200	59,200	30,000	18,600	28,700	7,700	43,700	-500	39,200	36,500	22,000	22,600	7,900	35,900	8,400	27,200	27,200
Cash Flows from Investing Activities:
Net receipts (advances) from notes receivable
-	-	-	-	-	-	-	-	-	-	-	-1,000	-1,400	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of property and dealers
-	-	-	-	-	-	-	-	0	0	2,000	-	0	0	0	-	100	100	3,000	-	0	300	0	-	-	-	-	-	-	-	-	-	0	6,200	7,600	-	0	0	0	-	-	-	-
Notes receivable issued
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-200	6,700
Marketable securities purchases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	600	1,400	2,800	400	1,200	1,100	1,100	300	1,500	3,100	2,500	0	-	-	-	-	-	-	-	-
Marketable securities sales
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	700	100	4,300	200	600	1,800	2,300	200	500	500	800	700	2,600	2,000	3,100	800	600	1,000	1,500	1,300	8,400	3,900	4,100	0
Capital expenditures
17,900	18,000	20,600	22,800	21,900	19,100	22,000	19,600	11,200	14,900	24,900	16,800	23,800	24,600	22,100	29,900	20,000	18,600	16,600	20,400	16,500	18,500	8,200	8,800	12,000	13,500	6,500	10,800	10,300	13,400	15,700	9,400	5,900	5,600	7,600	8,700	9,600	6,400	5,800	7,000	3,900	5,600	5,800
Equity investment in non-controlled entities
0	200	3,100	2,000	0	0	71,600	0	0	0	0	-200	-1,200	600	13,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions, net of cash received
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3,600	0	0	0	0	154,000	0	800	5,900	0	-	-	-	-	-	-	-	-	-	-	-	-	15,700	0	0	30,400
Payments of loans on cash surrender value of life insurance
-	-	-	-	-	-	-	-	-	-	-	0	0	0	15,300	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Intangible Assets
0	0	0	0	0	0	4,800	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net advances on notes receivable
-	-	-	-	-	-	-	-	-	-	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
100	-100	300	-800	1,800	-100	1,300	600	200	100	300	1,000	100	700	100	400	1,900	-500	-500	-5,400	7,600	0	600	1,600	400	200	-500	1,600	400	200	-200	400	100	700	400	1,300	500	200	1,200	200	-700	600	500
Net Cash Used in Investing Activities
-89,200	-58,100	-24,000	-22,600	-23,700	-19,000	-99,700	-20,200	-11,900	-6,400	-24,200	-17,300	-21,700	-25,900	-51,400	-22,800	-23,300	-21,600	-13,100	-13,100	-24,000	-13,900	-162,600	-9,300	-12,600	-20,100	-6,200	-168,800	-11,100	-14,700	-15,100	-52,200	-7,100	500	400	-8,400	-10,200	-7,100	-5,700	-22,800	-5,100	-6,300	-43,400
Cash Flows from Financing Activities:
Proceeds from issuance of long-term debt
-	-	-	-	-	-	-	-	225,000	26,000	89,400	-	191,000	234,800	233,500	-	193,100	217,300	204,800	-	220,500	217,500	184,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of long-term debt
-	-	-	-	-	-	-	-115,400	150,000	30,000	85,400	-646,700	176,100	249,100	221,500	-664,900	209,800	228,300	226,800	-496,000	221,500	240,500	84,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	75,000
Dividends paid
12,400	12,400	11,600	11,600	11,600	11,700	10,700	10,700	10,800	10,700	10,200	10,200	10,200	10,200	8,800	8,900	8,800	8,800	8,400	8,400	8,300	8,300	8,300	8,200	7,400	7,400	7,300	7,300	5,300	5,200	1,300	1,400	1,300	1,300	1,200	1,200	1,300	1,300	1,200	1,300	1,200	1,200	1,200
Common stock issued
1,800	600	12,700	1,200	700	1,900	8,500	1,200	10,100	1,300	4,400	4,100	1,100	500	6,000	2,500	1,100	4,700	900	600	1,500	4,700	1,000	10,800	1,100	2,800	6,100	1,700	4,700	400	400	500	800	2,400	2,700	5,000	2,300	800	500	700	1,200	0	600
Common stock repurchased and retired
17,800	500	7,600	4,500	6,000	16,600	20,800	16,400	12,800	6,200	11,100	6,500	5,100	4,900	7,200	5,400	5,000	1,300	2,400	400	100	2,000	1,200	8,400	200	300	3,800	100	3,100	0	400	0	0	1,900	800	100	0	300	600	200	-100	0	700
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	100	0	400	300	100	100	900	0	100	300	300	200	100	100	700	300	0	0	0	-	-	-	-	-	-	-	-300	0	-400	300	-400
Payments to Acquire Additional Interest in Subsidiaries
0	500	19,800	-	0	100	10,000	-	0	0	1,000	-	0	0	1,500	-	0	0	0	-	0	300	5,500	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from supplier financing program
-	-	-	-	-	-	-	-	-	-400	800	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of contingent consideration
-	-	-	-	-	-	-	-	-	100	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-800	100	-1,600	-400	100	-300	0	100	300	-100	100	200	0	200	-100	-100	0	100	-100	300	0	700	100	-200	100	100	0	-	-	-	-	-	-	-	100	-	-	-	-	-	-	-	-
Net Cash Used in Financing Activities
-29,200	-12,700	-27,900	-15,300	-16,800	-26,800	-33,000	-25,800	61,500	-20,200	-13,000	-45,000	700	-31,100	800	-29,900	-29,300	-16,200	-31,100	-43,900	-7,800	-27,900	86,400	-5,800	-6,300	-6,000	-4,300	-6,200	-6,100	-2,400	-1,300	-1,000	-500	-900	800	-45,900	-1,900	-800	-1,600	-1,000	-300	-900	-76,700
Effect of Exchange Rate Changes on Cash and Cash Equivalents
2,600	600	-2,500	-2,200	1,300	-900	-2,400	1,100	-400	-1,400	2,100	100	-200	-400	600	-2,200	500	600	-800	1,000	-200	1,100	-600	-200	-200	0	-300	400	-400	-100	-200	-100	700	-400	-300	600	1,600	800	1,300	-800	-1,600	1,400	300
Net Decrease in Cash and Cash Equivalents
-66,400	17,500	300	45,700	-100	11,900	-102,200	10,900	78,400	34,600	-16,200	17,800	6,500	6,800	-19,800	29,600	600	2,700	-11,700	1,900	-2,900	-2,000	-34,800	24,400	3,800	-36,800	27,400	-115,400	12,400	1,400	12,100	-45,600	36,800	-1,300	40,100	-17,200	11,500	15,500	1,900	11,300	1,400	21,400	-92,600