Cornerstone Building Brands, Inc. NCS Cash Flow

Cornerstone building brands, inc. (NCS)

CashFlow / TTM

Apr'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11
Cash flows from operating activities:
Net loss
-497,446	-15,390	-93,510	-91,119	-72,666	-18,333	63,106	53,041	35,276	57,934	54,724	56,235	61,728	47,174	51,027	50,432	33,938	24,030	17,818	13,671	12,540	15,123	11,185	5,202	-13,079	-13,516	-12,885	-14,891	-5,966	697	4,913	2,054	7,914	3,364	-9,950	0	0	0
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization
273,586	263,764	222,421	169,763	112,408	62,903	42,325	41,636	41,740	41,361	41,318	40,473	40,790	41,492	41,924	45,461	49,407	52,408	51,392	47,212	41,665	36,840	35,876	35,714	35,785	35,654	36,009	34,607	33,107	31,353	29,602	25,106	25,940	27,285	28,363	0	0	0
Non-cash interest expense
0	-	0	0	0	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
-	-	-	-	-	0	-	-	-	-	1,819	1,875	1,908	1,908	1,908	1,908	2,319	1,847	1,483	1,252	602	901	1,076	1,102	1,687	2,470	3,266	0	0	0	-	-	-	-	-	-	-	-
Loss on extinguishment of debt
-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation expense
13,460	14,078	15,070	14,665	12,232	10,225	11,638	10,993	12,236	13,058	10,230	11,327	11,704	11,352	10,892	9,388	9,295	9,028	9,379	9,724	9,560	9,922	10,168	12,711	13,755	14,637	14,900	13,450	12,092	10,768	9,298	7,959	7,644	7,195	6,908	0	0	0
Loss on disposition of business, net
-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on insurance recovery
-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,311	2,334	2,334	2,010	1,023	0	0	0	-	-	-	-	-	-	-	-
Non-cash fair value premium on purchased inventory
0	16,249	37,866	37,866	37,866	21,617	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Losses (gains) on asset sales, net
-	-	-	-	-	182	502	-58	-859	-926	-1,371	-1,333	-1,105	-41	2,673	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill impairment
0	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset impairment
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of assets and asset recovery
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	556	-29	-52	-70	-50	0	0	0
Provision for doubtful accounts
2,949	2,035	-1,278	-1,305	-1,422	-1,257	-491	626	498	342	1,948	973	851	1,462	1,343	2,270	2,137	1,726	110	-723	-458	-902	256	589	1,164	1,383	1,679	1,724	1,683	1,202	-109	-17	462	1,381	1,844	0	0	0
Deferred income taxes
-34,385	-6,085	-66,911	-69,447	-28,366	-20,932	-889	-880	-697	-836	866	-185	-463	-648	1,318	1,316	1,530	1,758	5,368	5,311	7,967	4,743	-3,423	2,144	-10,724	-10,186	-9,612	-12,774	-3,742	-105	2,177	21	1,833	-965	-6,292	0	0	0
Excess tax (benefits) shortfalls from share-based compensation arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	90	-	695	162	-651	538	1,526	1,737	1,619	977	0	0	0	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities, net of effect of acquisitions:
Accounts receivable
-25,925	38,242	-3,339	14,037	-45,576	-75,413	35,397	24,535	14,754	7,905	19,582	16,598	31,208	22,629	18,141	15,746	-2,641	-2,884	-7,610	-9,940	-3,325	-3,871	1,811	15,215	-1,748	4,076	3,572	8,716	9,468	8,706	16,719	-1,254	13,579	19,648	15,329	0	0	0
Inventories
-54,394	-91,822	-63,425	-35,876	16,812	56,199	58,534	50,446	27,776	8,778	11,473	29,654	44,226	41,455	29,054	18,795	-9,499	-18,094	-4,604	-3,173	-6,409	-109	9,391	1,378	10,466	23,856	16,090	21,964	10,499	3,339	9,108	-11,463	-658	18,607	7,145	0	0	0
Income taxes
-19,583	32,719	9,851	8,703	39,770	10,875	-2,605	-1,093	6,441	-6,513	2,637	3,237	-3,169	8,730	1,953	0	401	1,260	2,634	1,033	4,772	-199	-1,599	-1,133	345	283	724	631	-532	-493	-1,082	-27	1,151	-14,190	-14,382	0	0	0
Prepaid expenses and other
27,249	10,279	-14,375	-16,250	-35,976	-15,837	5,479	7,026	4,578	6,995	2,271	-590	4,903	-929	-671	188	-3,608	-1,896	267	2,221	5,617	4,773	4,579	-640	121	152	697	3,089	-1,183	3,281	2,075	1,800	2,086	-986	247	0	0	0
Accounts payable
-1,464	-21,141	-80,007	-83,516	-83,930	-32,823	24,465	61,637	39,281	3,852	4,858	-24,309	1,298	3,822	-1,598	11,481	11,886	-6,195	11,475	3,466	-7,828	-4,998	-26,394	10,753	6,374	24,183	34,559	9,558	-479	-8,086	12,047	-6,753	10,763	15,723	17,569	0	0	0
Accrued expenses
-68,692	-40,403	-34,968	-6,719	1,964	25,504	16,284	4,267	-13,268	-8,263	-12,320	-393	24,564	7,516	12,656	18,604	-118	-5,631	-6,052	-7,686	-1,910	2,926	19,949	12,810	-2,541	3,804	2,121	-1,935	3,461	7,312	6,506	4,983	2,461	573	5,668	0	0	0
Other, net
-768	2,906	1,707	2,001	257	-1,196	395	66	1,970	1,580	1,228	1,071	-29	-343	-159	485	-213	716	362	-711	-58	-877	-739	-810	66	673	391	1,197	229	-196	2	592	-1	-45	356	0	0	0
Net cash provided by (used in) operating activities
276,106	229,608	78,918	6,740	4,854	100,142	82,463	120,185	95,971	87,657	63,874	28,477	56,355	42,316	68,479	107,793	129,099	103,796	105,785	82,211	61,518	65,330	33,566	63,231	36,679	43,339	64,142	18,334	33,943	38,755	47,722	56,235	46,884	37,564	41,437	0	0	0
Cash flows from investing activities:
Acquisitions, net of cash acquired
36,623	179,184	92,106	92,106	95,340	-87,078	0	0	0	0	-	-	-	-	4,343	4,343	4,343	3,071	247,123	247,123	247,123	247,123	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures
121,462	121,085	99,950	83,766	71,706	53,304	47,827	41,312	27,415	26,063	22,074	21,513	22,300	19,372	21,024	20,493	21,656	21,453	20,683	18,821	17,323	18,287	18,020	21,410	21,715	23,090	24,426	23,408	26,967	28,452	28,151	28,593	26,869	24,563	21,040	0	0	0
Proceeds from sale of property, plant and equipment
-	-	-	-	-	4,089	6,338	7,002	3,342	5,446	3,197	2,471	3,287	2,351	5,417	5,479	4,665	3,094	28	0	0	0	-	-	-	-	-	-	-	-	2,992	56	477	567	583	0	0	0
Business disposition, net
-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from insurance
-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,311	2,334	2,334	2,010	1,023	0	0	0	-	-	-	-	-	-	-	-
Net cash used in investing activities
-152,574	-294,758	-191,183	-174,999	-155,656	41,178	-38,174	-30,995	-20,315	-12,024	-10,284	-449	-8,593	-8,293	-9,950	-19,357	-21,334	-21,430	-267,778	-265,902	-264,406	-265,072	-16,695	-19,002	-19,307	-21,006	-23,329	-20,471	-165,003	-166,476	-166,150	-169,528	-26,392	-23,996	-20,457	0	0	0
Cash flows from financing activities:
(Deposit) refund of restricted cash
-	-	-	-	-	-	-	-	-	-	-	510	659	580	370	254	249	205	298	0	0	0	-	-	-	-	1,375	1,375	0	1,461	1,461	1,468	2,842	4	3	0	0	0
Proceeds from stock options exercised
-	-	-	-	-	260	1,300	1,805	1,504	1,721	1,700	1,752	12,407	13,631	12,612	12,055	1,401	1	354	354	354	353	0	0	0	0	674	674	674	674	0	0	0	0	-	-	-	-
Excess tax benefits (shortfalls) from share-based compensation arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	90	-	695	162	-651	538	552	789	1,619	977	975	949	943	2	465	1	0	464	0	0	0
Proceeds from ABL facility
415,000	290,000	290,000	285,000	255,000	57,000	100,000	85,000	65,000	48,000	35,000	35,000	35,000	30,000	0	0	0	0	-	-	-	-	72,000	87,000	87,000	71,999	57,000	0	0	0	-	-	-	0	-	-	-	-
Proceeds from cash flow revolver
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on ABL facility
-	-	-	-	-	392,000	100,000	85,000	65,000	38,000	35,000	0	0	0	-	-	-	-	-	-	-	-	72,000	92,000	86,367	72,000	57,000	0	0	0	-	-	-	0	-	-	-	-
Proceeds from term loan
-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments on term loan
25,620	25,620	432,140	433,177	427,809	565,551	146,221	145,184	144,327	180	10,180	20,180	30,000	40,000	40,000	40,000	40,001	50,644	41,240	31,836	22,431	2,384	2,388	2,392	1,796	2,825	10,975	11,000	140,125	140,200	131,950	131,680	4,055	3,355	5,605	0	0	0
Payments on senior notes
-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on note payable
-	-	-	-	-	1,798	1,742	1,719	1,553	1,580	1,570	1,552	1,357	1,347	1,430	1,487	1,730	1,713	1,616	1,521	1,460	1,525	1,590	1,655	1,676	1,689	1,722	1,582	1,726	1,759	1,536	1,631	1,279	1,546	1,543	0	0	0
Payment of cash dividends on Convertible Preferred Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,039	0	0	0
Payments of financing costs
-	-	-	-	-	23,488	6,546	6,521	6,275	275	0	0	0	0	-	-	-	-	9,217	9,202	8,855	9,244	51	117	6,243	6,222	6,265	6,935	9,446	9,442	9,399	8,779	175	175	200	0	0	0
Payments related to tax withholding for share-based compensation
2,105	1,934	4,359	4,315	4,740	4,586	5,068	5,048	4,612	4,610	2,389	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of treasury stock
-	-	-	-	-	0	46,705	84,386	84,386	84,386	41,214	9,006	54,026	61,780	62,874	54,128	10,842	3,110	0	3,280	1,594	1,990	23,798	23,815	23,836	23,441	2,462	2,443	2,388	2,372	1,529	1,524	1,510	1,502	1,477	0	0	0
Gain from bargain purchase
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of debt extinguishment costs
-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for settlement of appraisal shares
-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on tax receivable agreement
-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on contingent consideration
-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
257,369	17,540	166,120	214,605	218,737	-5,321	-55,473	-91,689	-90,368	-79,476	-53,702	-32,873	-75,457	-92,185	-92,463	-86,464	-55,355	-59,235	195,259	205,210	216,176	234,559	-27,289	-32,427	-32,129	-31,183	-18,398	-13,934	84,806	86,807	94,550	95,818	-4,178	-12,063	-19,397	0	0	0
Effect of exchange rate changes on cash and cash equivalents
-903	2,310	744	1,637	180	-992	-93	-231	233	345	194	58	-539	102	-325	461	230	2	-255	-906	-480	-700	-367	-287	-313	-378	-137	-98	-64	35	54	118	133	-15	-20	0	0	0
Net increase (decrease) in cash, cash equivalents and restricted cash
379,998	-45,300	54,599	47,983	68,115	135,007	-11,277	-2,731	-14,480	-3,499	81	-4,787	-28,234	-58,060	-34,259	2,433	52,640	23,133	33,011	20,613	12,808	34,117	-10,785	11,515	-15,070	-9,228	22,278	-16,169	-46,318	-40,879	-23,824	-17,357	16,447	1,490	1,563	0	0	0
Supplemental disclosure of cash flow information:
Interest paid, net of amounts capitalized
-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes paid, net of amounts refunded (excluding tax receivable agreement payments)
-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-