Movado group, inc. (MOV)
CashFlow / TTM
Jan'20Oct'19Jul'19Apr'19Jan'19Oct'18Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11
Cash flows from operating activities:
Net income

42,699

56,642

65,799

57,434

61,624

10,269

707

-2,951

-15,225

23,837

26,692

27,565

35,061

38,189

39,884

45,461

45,765

47,367

47,874

48,112

51,900

49,313

50,311

50,795

51,545

52,348

63,786

59,286

57,868

60,509

42,444

38,878

32,628

0

0

0

Adjustments to reconcile net income/(loss) to net cash (used in)/provided by operating activities:
Depreciation and amortization

16,381

16,146

15,607

14,654

14,165

13,522

13,943

13,955

13,457

12,829

11,828

11,491

11,507

12,238

12,713

13,076

13,156

12,712

12,503

12,428

12,469

12,735

12,561

12,499

12,233

11,265

10,685

10,313

10,608

10,653

11,200

11,516

11,408

0

0

0

Transactional losses/(gains)

-1,457

-451

-431

-285

-275

19

280

541

1,011

1,481

328

-1,218

-2,041

-2,097

-715

1,503

2,388

-808

-238

-622

-2,493

-1,575

-2,690

-2,740

-1,403

0

0

0

-

-

-

-

-

-

-

-

Provision for inventories and accounts receivable

3,152

5,303

5,082

4,958

4,910

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Write-down of inventories

-

-

-

-

-

-

-

-

-

0

0

2,757

-

3,264

3,177

3,137

3,108

2,402

2,440

2,542

2,514

5,638

5,767

5,648

5,586

2,715

2,470

2,548

2,621

0

0

0

-

-

-

-

Deferred income taxes

-4,352

10,312

11,440

9,969

11,388

7,796

1,911

1,028

-461

3,264

3,886

3,886

3,753

2,266

2,051

2,031

1,817

-7,206

-6,555

-6,444

-6,316

-3,086

-5,203

-4,184

-4,169

-3,799

17,693

15,975

16,161

27,841

8,175

8,862

8,691

0

0

0

Gain on sale of asset held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,526

0

0

0

-

-

-

-

-

-

-

-

Stock-based compensation

6,373

6,413

6,301

6,466

6,042

5,517

5,264

4,845

4,874

5,262

5,688

6,115

7,281

7,290

7,049

7,012

6,123

6,114

6,241

6,093

5,753

5,223

4,774

4,395

3,787

3,522

3,268

2,979

2,888

2,448

2,069

1,742

1,675

0

0

0

Excess tax expense / (benefit) from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-21

108

454

1,270

1,602

1,654

1,423

915

0

0

0

-

-

-

-

-

-

-

-

Operating efficiency initiatives and other items

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,996

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cost savings initiatives

-

-

-

-

-

-

-

-

13,587

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-603

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Trade receivables

-5,908

7,545

9,585

5,650

2,640

-5,135

3,272

9,336

9,286

-1,089

5,775

-6,974

-2,878

9,527

-5,224

4,642

354

-808

-5,924

557

9,334

9,946

16,129

9,591

7,304

15,095

14,900

7,252

766

14,894

-4,411

3,220

3,086

0

0

0

Inventories

5,549

16,414

16,298

7,442

4,234

4,698

17

-3,029

-6,624

-537

-9,802

-10,776

-7,442

-4,393

2,319

215

3,133

1,875

2,267

8,648

-4,523

15,075

16,256

9,966

19,077

6,400

7,194

19,773

2,371

2,466

-1,435

-22,532

-19,152

0

0

0

Other current assets

-709

-814

-11,244

-7,824

-5,375

3,317

11,145

6,574

3,824

-619

-3,546

-1,623

-512

-3,318

2,362

-1,823

-2,808

2,506

4,868

4,507

3,323

8,244

3,272

7,230

5,141

-632

7,276

8,717

5,332

1,603

-4,128

-10,616

-6,820

0

0

0

Accounts payable

-3,642

-16,075

7,938

-504

6,082

13,633

-153

5,839

-4,006

5,073

8,507

-4,196

-401

-6,808

-5,361

2,493

774

221

-5,114

792

-5,357

-5,987

6,430

798

11,581

6,534

5,575

975

-11,728

3,498

4,154

2,756

11,783

0

0

0

Accrued liabilities

-4,944

-282

-5,543

-1,119

2,623

3,464

7,286

8,601

-416

5,648

2,351

-359

244

-5,421

-6,537

-7,516

-94

8,725

6,028

8,412

-1,582

2,160

1,916

4,605

-4,171

-12,511

-3,422

-3,353

-3,153

7,774

-1,005

-4,596

7,733

0

0

0

Accrued payroll and benefits

-12,469

-6,590

-1,040

695

3,851

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

-5,393

6,146

1,255

1,436

5,252

3,242

5,266

2,624

-1,898

-1,189

-1,177

316

-2,479

-797

945

-427

-746

-7,666

-1,907

-3,087

4,300

2,591

1,825

7,024

7,054

4,375

4,084

2,188

1,161

11,804

3,042

1,130

-280

0

0

0

Other non-current assets

2,398

-461

-1,374

1,145

-721

331

4,699

4,153

6,630

7,845

5,956

5,707

7,569

3,170

2,354

-154

-1,864

378

1,622

4,118

3,954

5,057

5,168

5,401

5,752

5,007

5,018

6,359

3,112

3,120

2,125

-1,077

819

0

0

0

Other non-current liabilities

507

-2,614

-290

2,710

1,169

4,323

6,506

4,856

7,551

6,445

4,844

4,529

5,499

2,056

1,526

114

-848

991

2,395

3,305

3,722

3,731

2,472

3,533

2,931

3,948

5,069

3,124

3,232

2,507

1,104

880

416

0

0

0

Net cash (used in) operating activities

-

-

-

-

-

-

-

-

-

-

-

62,683

-

53,478

57,652

64,649

74,559

68,487

67,849

60,475

59,596

0

0

0

-

-

-

-

-

-

-

-

-

-

0

0

Net cash (used in) operating activities from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Net cash provided by operating activities

32,070

14,754

49,445

63,175

86,170

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

59,116

71,614

58,084

86,062

0

0

0

Cash flows from investing activities:
Capital expenditures

12,713

12,452

12,523

11,153

10,635

10,441

8,865

7,099

5,810

5,648

6,129

5,779

5,920

6,090

6,198

7,147

8,070

9,474

10,506

11,070

11,132

12,297

10,795

11,761

16,707

21,349

23,738

21,610

15,978

10,159

7,432

7,385

8,170

0

0

0

Trademarks and other intangibles

255

556

374

387

492

186

310

684

556

532

528

142

328

753

775

782

650

236

224

192

118

135

153

219

285

0

0

0

-

-

-

-

203

0

0

0

Restricted cash deposits

-

-

-

-

-

-

-

-

-

-

-

-

1,156

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Short-term investment

-

-

-

-

-

-

-

-

-

-

-

-

152

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,196

0

0

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-13,367

-17,608

-110,779

-109,422

-109,009

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-10,434

-7,654

-6,399

-7,208

0

0

0

Net cash (used in) investing activities from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Net cash (used in) investing activities

-

-

-

-

-

-

-

-

-

-

-

-6,003

-

-8,585

-8,718

-9,590

-9,155

-9,710

-11,930

21,581

21,593

0

0

0

-

-

-

-

-

-

-

-

-

-

0

0

Cash flows from financing activities:
Proceeds from bank borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of bank borrowings

-

-

-

-

25,000

0

0

0

-

-

-

-

13,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock awards and options exercised and other changes

-1,266

-1,144

-1,091

629

4,968

5,330

5,399

3,638

-159

334

219

216

-296

-1,054

-784

-716

-25

-227

-306

1,102

291

235

411

-676

-305

-369

309

172

1,575

2,487

1,837

1,894

1,373

0

0

0

Excess tax (expense) / benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-21

108

454

1,270

1,602

1,654

1,423

915

0

0

0

-

-

-

-

-

-

-

-

Stock repurchase

4,199

7,686

9,560

8,848

7,418

4,558

4,033

3,789

3,631

3,605

2,661

3,949

3,864

6,079

12,477

27,537

48,748

59,164

57,827

43,224

26,382

16,188

14,862

15,333

10,488

0

0

0

-

-

-

-

-

-

-

-

Dividends paid

18,400

18,410

18,436

18,456

18,469

16,836

15,196

13,556

11,934

11,932

11,927

11,929

11,930

11,483

11,043

10,659

10,312

10,293

10,284

10,217

10,104

9,624

9,147

7,888

6,637

24,943

24,150

36,700

36,684

17,093

16,577

3,495

2,985

0

0

0

Net cash (used in)/provided by financing activities

-23,865

-27,929

20,520

22,932

3,688

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-14,626

-14,760

-1,514

-1,525

0

0

0

Net cash (used in) financing activities from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Net cash (used in) financing activities

-

-

-

-

-

-

-

-

-

-

-

-21,982

-

-26,182

-30,952

-33,560

-23,691

-30,980

-29,564

-28,140

-36,180

0

0

0

-

-

-

-

-

-

-

-

-

-

0

0

Effect of exchange rate changes on cash, cash equivalents and restricted cash

1,141

4,092

69

-2,997

-5,801

-4,215

-2,544

4,332

9,033

3,515

2,475

-5,013

4,904

-133

-199

-3,418

-13,377

-4,554

-7,992

-5,915

-2,816

-7,476

1,049

3,653

-336

3,349

6,098

-2,964

1,545

-7,271

-21,643

-677

1,856

0

0

0

Net decrease in cash, cash equivalents and restricted cash

-4,021

-26,691

-40,745

-26,312

-24,952

-12,816

13,166

-56,635

-41,468

-44,274

-43,378

29,685

28,091

18,578

17,783

18,081

28,336

23,243

18,363

48,001

42,193

-5,209

18,133

-3,657

-10,230

-1,667

-4,822

-17,266

-14,312

26,785

27,557

49,494

79,185

0

0

0