HERMAN MILLER, INC. MLHR Cash Flow

Herman miller, inc. (MLHR)

CashFlow / TTM

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
209,800	211,900	172,600	160,500	146,800	137,400	131,500	128,700	130,000	122,500	120,700	124,100	131,200	136,900	140,200	137,500	120,700	113,800	106,700	98,100	90,900	89,000	-19,400	-22,100	-15,300	-18,200	70,700	68,200	56,800	55,200	70,600	75,200	80,200	85,100	79,300	70,800	55,900	44,300	36,000	28,300	0	0	0
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization
70,300	66,200	66,200	65,900	66,800	66,700	64,400	60,900	59,300	56,400	54,500	52,900	50,100	47,700	47,200	47,000	45,500	46,600	45,900	44,200	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Stock-based compensation
8,000	7,700	7,400	7,300	10,100	9,700	8,900	7,700	4,300	5,200	6,600	8,700	11,800	11,900	11,300	11,900	11,200	10,800	11,000	10,000	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Pension contributions
-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pension and post-retirement expenses
-	-	-	-	-	-	-	2,900	1,300	1,000	800	500	600	800	1,100	1,400	1,200	1,000	900	800	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Earnings from nonconsolidated affiliates net of dividends received
4,900	4,700	3,500	2,100	500	600	800	200	1,000	800	1,700	1,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	800	800	900	1,400	1,100	1,100	1,300	700	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	0	-	0	0	0
Deferred taxes
-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Disposition of Business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sales of property and dealers
-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring Charges
0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Decrease (increase) in current assets
0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
(Decrease) increase in current liabilities
0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Increase in non-current liabilities
-	-	1,000	-	-	-	2,400	3,400	13,400	5,100	6,000	6,200	4,600	6,200	5,500	6,700	6,000	3,000	2,100	-1,200	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-
Contingent consideration expense (income)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Other, net
4,400	3,800	3,300	1,100	-200	1,000	-1,200	-1,100	1,000	2,300	3,000	2,500	1,400	1,100	900	1,700	2,000	1,800	2,400	1,400	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Decrease in non-current liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net Cash Provided by Operating Activities
277,600	267,300	238,200	216,400	186,400	176,500	180,500	166,500	190,700	189,200	190,800	202,100	206,600	231,600	207,300	210,400	183,800	160,200	159,000	167,700	149,500	143,300	93,900	90,100	109,600	116,700	146,000	136,500	85,000	98,700	79,600	90,100	118,900	97,200	120,300	89,000	88,400	74,800	79,400	98,700	0	0	0
Cash Flows from Investing Activities:
Net receipts (advances) from notes receivable
-	-	-	-	-	-	-	-	-	-	-	-2,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of property and dealers
-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-
Notes receivable issued
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,500	0	0	0
Marketable securities purchases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,200	5,800	5,500	3,800	3,700	4,000	6,000	7,400	7,100	0	0	0	-	-	-	-	-	-	-	-
Marketable securities sales
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	5,300	5,200	6,900	4,900	4,900	4,800	3,500	2,000	2,500	4,600	6,100	8,400	8,500	6,500	5,500	3,900	4,400	12,200	15,100	17,700	16,400	0	0	0
Capital expenditures
79,300	83,300	84,400	85,800	82,600	71,900	67,700	70,600	67,800	80,400	90,100	87,300	100,400	96,600	90,600	85,100	75,600	72,100	72,000	63,600	52,000	47,500	42,500	40,800	42,800	41,100	41,000	50,200	48,800	44,400	36,600	28,500	27,800	31,500	32,300	30,500	28,800	23,100	22,300	22,300	0	0	0
Equity investment in non-controlled entities
5,300	5,300	5,100	73,600	71,600	71,600	71,600	0	-200	-1,400	-800	13,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions, net of cash received
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,600	3,600	3,600	0	154,000	154,000	154,800	160,700	6,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	46,100	0	0	0
Payments of loans on cash surrender value of life insurance
-	-	-	-	-	-	-	-	-	-	-	15,300	15,300	15,300	15,300	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Intangible Assets
0	0	0	4,800	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net advances on notes receivable
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-500	1,200	1,200	2,200	3,600	2,000	2,200	1,200	1,600	1,500	2,100	1,900	1,300	3,100	1,900	1,300	-4,500	1,200	1,700	2,800	9,800	2,600	2,800	1,700	1,700	1,700	1,700	2,000	800	500	1,000	1,600	2,500	2,900	2,400	3,200	2,100	900	1,300	600	0	0	0
Net Cash Used in Investing Activities
-193,900	-128,400	-89,300	-165,000	-162,600	-150,800	-138,200	-62,700	-59,800	-69,600	-89,100	-116,300	-121,800	-123,400	-119,100	-80,800	-71,100	-71,800	-64,100	-213,600	-209,800	-198,400	-204,600	-48,200	-207,700	-206,200	-200,800	-209,700	-93,100	-89,100	-73,900	-58,400	-14,600	-17,700	-25,300	-31,400	-45,800	-40,700	-39,900	-77,600	0	0	0
Cash Flows from Financing Activities:
Proceeds from issuance of long-term debt
-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	817,500	-	622,000	401,500	184,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of long-term debt
-	-	-	-	-	-	-	150,000	-381,300	-355,200	-136,100	0	-18,200	15,500	-5,300	0	168,900	180,600	192,800	50,000	546,000	324,500	84,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	75,000	0	0	0
Dividends paid
48,000	47,200	46,500	45,600	44,700	43,900	42,900	42,400	41,900	41,300	40,800	39,400	38,100	36,700	35,300	34,900	34,400	33,900	33,400	33,300	33,100	32,200	31,300	30,300	29,400	27,300	25,100	19,100	13,200	9,200	5,300	5,200	5,000	5,000	5,000	5,000	5,100	5,000	4,900	4,900	0	0	0
Common stock issued
16,300	15,200	16,500	12,300	12,300	21,700	21,100	17,000	19,900	10,900	10,100	11,700	10,100	10,100	14,300	9,200	7,300	7,700	7,700	7,800	18,000	17,600	15,700	20,800	11,700	15,300	12,900	7,200	6,000	2,100	4,100	6,400	10,900	12,400	10,800	8,600	4,300	3,200	2,400	2,500	0	0	0
Common stock repurchased and retired
30,400	18,600	34,700	47,900	59,800	66,600	56,200	46,500	36,600	28,900	27,600	23,700	22,600	22,500	18,900	14,100	9,100	4,200	4,900	3,700	11,700	11,800	10,100	12,700	4,400	7,300	7,000	3,600	3,500	400	2,300	2,700	2,800	2,800	1,200	1,000	1,100	1,000	700	800	0	0	0
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	800	800	900	1,400	1,100	1,100	1,300	700	900	900	700	1,100	1,200	1,100	1,000	300	0	0	0	-	-	-	-	-	-	-	-400	-500	0	0	0
Payments to Acquire Additional Interest in Subsidiaries
0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from supplier financing program
-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of contingent consideration
-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-2,700	-1,800	-2,200	-600	-100	100	300	400	500	200	500	300	0	0	-100	-100	300	300	900	1,100	600	700	100	0	0	0	0	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Net Cash Used in Financing Activities
-85,100	-72,700	-86,800	-91,900	-102,400	-24,100	-17,500	2,500	-16,700	-77,500	-88,400	-74,600	-59,500	-89,500	-74,600	-106,500	-120,500	-99,000	-110,700	6,800	44,900	46,400	68,300	-22,400	-22,800	-22,600	-19,000	-16,000	-10,800	-5,200	-3,700	-1,600	-46,500	-47,900	-47,800	-50,200	-5,300	-3,700	-3,800	-78,900	0	0	0
Effect of Exchange Rate Changes on Cash and Cash Equivalents
-1,500	-2,800	-4,300	-4,200	-900	-2,600	-3,100	1,400	400	600	1,600	100	-2,200	-1,500	-500	-1,900	1,300	600	1,100	1,300	100	100	-1,000	-700	-100	-300	-400	-300	-800	300	0	-100	600	1,500	2,700	4,300	2,900	-300	300	-700	0	0	0
Net Decrease in Cash and Cash Equivalents
-2,900	63,400	57,800	-44,700	-79,500	-1,000	21,700	107,700	114,600	42,700	14,900	11,300	23,100	17,200	13,100	21,200	-6,500	-10,000	-14,700	-37,800	-15,300	-8,600	-43,400	18,800	-121,000	-112,400	-74,200	-89,500	-19,700	4,700	2,000	30,000	58,400	33,100	49,900	11,700	40,200	30,100	36,000	-58,500	0	0	0