Newmarket corporation (NEU)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent

85,541

50,102

67,805

74,174

62,205

62,803

58,481

52,885

60,565

4,072

59,772

62,728

63,937

45,672

71,449

64,389

61,931

53,914

62,009

58,733

63,947

52,055

56,913

66,764

57,523

54,001

78,896

64,010

67,835

53,063

64,715

55,268

66,547

33,698

71,361

52,259

49,589

49,412

45,719

39,856

42,138

Adjustments to reconcile net income to cash flows from operating activities:
Depreciation and amortization

21,369

22,060

21,784

21,777

21,939

18,296

18,243

17,555

17,665

16,144

14,573

12,317

12,306

12,154

11,657

10,402

10,680

10,887

10,812

10,380

10,186

10,294

10,525

10,461

10,258

10,218

10,042

14,088

11,796

10,940

10,829

11,138

10,482

-

-

-

10,167

11,303

10,113

8,939

8,779

Noncash pension and postretirement expense

-

-

-

-

-

-

-

-

-

-

1,921

2,048

2,007

3,220

3,498

3,072

3,039

5,091

5,320

5,789

5,837

4,144

5,424

3,529

3,654

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncash foreign exchange loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,401

1,894

-1,215

-

-998

1,419

-1,296

134

2,472

949

-2,952

Deferred income tax expense

3,379

3,402

-172

1,998

2,156

4,270

11,070

-3,527

2,714

18,736

523

2,833

5,283

4,524

10,065

2,925

1,671

1,622

-1,777

-513

818

2,585

5,212

-1,585

1,996

2,005

-3,392

671

1,742

-323

-2,617

-2,113

3,077

-2,658

1,405

385

3,243

7,826

-1,716

-3,537

-640

Amortization of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

409

379

-

383

383

358

Noncash environmental remediation and dismantling

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

138

-602

251

-

708

500

187

1,356

36

2,034

128

Noncash pension benefits expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,663

4,671

4,569

-

3,819

3,828

3,792

3,899

3,437

3,216

3,167

3,676

3,539

3,317

3,379

Noncash postretirement benefits expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

661

947

877

-

714

1,000

993

693

487

801

799

709

585

770

768

Loss on early extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-6,711

-3,221

0

0

0

0

-

-

-

-

Restricted stock award

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

183

0

0

-

-

-

-

-

-

-

-

Unrealized gain on derivative instruments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,679

-1,372

1,073

-971

1,459

95

-2,793

2,632

-2,328

310

1,506

1,805

5,027

3,212

192

800

-5,863

4,208

-1,425

-10,470

-4,116

3,369

7,101

-27,179

13,438

-1,376

Change in assets and liabilities:
Other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,643

-4,722

6,032

-

-3,639

6,909

1,849

-

-

-

-

Working capital changes

42,058

-

8,918

-36,347

63,426

-

-5,316

10,851

63,655

-

-16,431

11,540

39,836

-

29,075

-34,702

4,737

-

13,926

4,559

13,806

-

-6,955

-1,110

66,764

-

-34,508

-20,211

55,707

-

-7,999

26,688

22,877

-

3,751

39,062

45,598

-

22,349

27,960

10,903

Cash pension and postretirement contributions

2,557

2,624

2,439

2,444

2,425

2,896

48,104

7,043

6,713

6,698

6,630

6,610

6,326

6,466

6,374

6,675

6,383

6,806

6,653

6,624

6,730

9,056

7,042

5,205

5,202

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash pension benefits contributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,380

8,112

7,573

-

7,375

7,811

7,355

7,459

7,365

7,370

7,253

6,145

23,430

-6,959

-2,283

Cash postretirement benefits contributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

510

414

458

-

581

340

628

438

501

532

458

467

2,228

-429

-431

Realized loss on derivative instruments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-2,495

152

-2,482

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,460

138

-2,474

-

-2,507

74

-2,503

-

-

-

-

Other, net

-1,213

-9,735

4,571

-368

-1,317

-485

-9,641

6,721

-536

8,772

-1,456

-3,367

-3,163

14,915

10,845

3,372

4,212

7,085

3,464

4,882

-3,605

-612

-3,343

2,733

3,226

4,359

1,480

4,733

7,259

4,714

-1,033

224

74

11,832

-2,932

1,271

-305

-660

-641

4,216

-2,825

Net Cash Provided by (Used in) Operating Activities

64,461

103,965

82,631

131,484

19,132

96,766

35,365

55,740

10,040

65,044

85,134

58,409

34,208

93,944

71,509

113,714

74,267

79,679

65,167

66,629

56,552

73,280

77,162

80,135

4,381

69,535

85,493

95,778

27,128

87,482

87,860

34,379

63,090

64,213

73,212

30,977

16,196

58,720

32,164

30,367

42,796

Cash flows from investing activities:
Capital expenditures

20,106

22,302

13,913

12,866

10,353

19,502

12,535

19,804

22,797

27,740

35,762

38,865

46,346

41,168

37,417

35,843

28,446

42,293

34,159

29,623

20,424

20,767

18,295

11,403

9,251

11,313

15,314

15,740

16,109

13,309

8,477

9,535

7,432

10,744

7,981

10,639

24,151

11,263

7,107

11,359

6,677

Payments on settlement of interest rate swap

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,574

0

2,574

-

17,146

8,866

11,408

-

-

-

6,840

Receipts from settlement of interest rate swap

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

114

138

100

-

8,490

3,410

14,480

54,040

-10,440

-3,210

-4,210

Payments on settlement of interest rate swap

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,574

0

2,574

0

2,574

0

0

Receipts from settlement of interest rate swap

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

67

74

71

131

135

0

0

Proceeds from sale of short-term investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

300

0

0

0

0

Acquisition of business (net of $1,131 cash acquired)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-670

-1,778

43,748

Deposits for interest rate swap

-

-

-

-

-

-

-

-

-

-

-

-

-

0

359

2,246

4,965

1,351

6,609

1,409

7,118

4,977

1,006

3,536

1,325

1,496

3,256

4,780

2,982

3,346

7,164

7,324

5,079

-

-

-

-

-

-

-

-

Return of deposits for interest rate swap

-

-

-

-

-

-

-

-

-

-

-

-

-

0

8,072

0

3,760

2,480

5,230

3,680

6,750

2,300

3,670

1,350

1,580

2,490

4,770

10,260

6,850

3,460

7,840

1,620

8,340

-

-

-

-

-

-

-

-

Other, net

-

-

-

-

-

-

-

-

-

0

0

0

2,000

0

2,419

-152

2,482

-70

2,506

-62

2,503

-58

2,519

-58

2,543

0

2,463

-71

2,535

-

-

-

-

-

-

-

-

-

-

-

-

Net Cash Provided by (Used in) Investing Activities

-20,106

-22,302

-13,913

-12,866

-10,353

-19,468

-10,112

-7,654

-22,797

-27,740

-219,692

-38,865

-48,346

-41,168

-32,123

-37,937

-32,133

-41,094

-38,044

-27,290

-23,295

-23,386

-18,150

-13,531

-11,539

-10,319

123,748

-10,189

-14,776

-13,082

-3,958

-15,101

-6,645

-12,509

-19,144

-16,021

-23,282

-2,444

-13,986

-18,421

-53,055

Cash flows from financing activities:
Net borrowings under revolving credit facility

97,424

2,811

-38,966

-103,368

16,072

-47,490

58,619

135,000

22,000

-10,000

-16,426

26,426

-156,000

-24,000

10,000

-20,000

45,000

-13,000

146,000

-12,000

10,000

-21,000

31,000

-2,000

6,000

0

-15,000

-61,000

1,000

-63,000

-50,000

188,000

-22,000

-33,000

7,000

7,000

37,000

-

-

-

-

Issuance of 3.78% senior notes

-

-

-

-

-

-

-

-

-

0

0

0

250,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of Foundry Park I mortgage loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

62,829

715

702

689

676

664

651

640

627

207

Net repayments under lines of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-316

2,593

811

-1,860

4,644

-6,202

-223

1,221

4,528

709

71

-18,506

2,000

18,000

0

Dividends paid

21,160

21,258

21,260

19,579

19,579

19,670

19,957

20,192

20,629

20,658

20,743

20,743

20,741

18,954

18,958

18,958

18,959

19,158

16,781

17,403

17,421

17,438

13,807

13,955

14,200

14,454

11,934

11,982

11,998

345,510

10,064

10,053

10,054

10,054

15,233

6,398

903

6,212

5,359

5,396

5,641

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

30

1,115

4,116

0

18

2,351

0

0

1,000

2,233

-

-

-

-

Repurchases of common stock

79,473

0

0

0

0

83,367

25,333

122,684

632

25,998

0

0

0

0

0

0

35,815

14,315

172,609

6,958

1,042

39,173

46,469

85,806

77,061

51,039

14,358

4,290

22,508

0

0

0

0

12,201

54,380

4,085

27,427

32,548

9,749

64,944

14,276

Other, net

-2,685

-1,053

-666

-620

-613

-850

-72

-72

-98

-1,045

-1,592

-9

-1,447

346

-6

-7

-3,066

-1,595

3,826

0

-3,022

-5,893

4,583

10

-161

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

66

4

70

0

17

4

Payments on the capital lease

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

144

214

210

207

204

Borrowing under line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Repayment of Foundry Park I construction loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

99,102

Borrowing under Foundry Park I mortgage loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

68,400

Change in book overdraft, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

764

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,524

Payment for financed intangible asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

250

250

250

250

Net Cash Provided by (Used in) Financing Activities

-5,894

-19,500

-60,892

-123,567

-4,120

-151,377

13,257

-7,948

641

-57,701

-38,761

5,674

71,812

-42,608

-8,964

-38,965

-12,840

-48,068

-39,564

-36,361

-11,485

-83,504

-24,693

-101,751

-85,422

-69,716

-41,608

-74,709

-33,810

-65,081

-55,420

-41,102

-35,343

-54,672

-58,772

-3,348

5,704

-56,068

-15,773

-52,606

-52,036

Effect of foreign exchange on cash and cash equivalents

-4,196

2,263

-1,074

-79

548

-816

-364

-3,179

780

-433

280

1,573

1,416

-5,922

-650

-932

-462

-7,420

-3,404

3,951

-5,532

-4,923

-6,427

2,134

534

1,938

6,087

-1,348

-3,658

103

1,870

-1,567

1,274

-1,124

-1,722

-523

1,993

-1,299

1,272

-705

-1,565

Increase in cash and cash equivalents

34,265

64,426

6,752

-5,028

5,207

-74,895

38,146

36,959

-11,336

-20,830

-173,039

26,791

59,090

4,246

29,772

35,880

28,832

-16,903

-15,845

6,929

16,240

-38,533

27,892

-33,013

-92,046

-8,562

173,720

9,532

-25,116

9,422

30,352

-23,391

22,376

-4,092

-6,426

11,085

611

-1,091

3,677

-41,365

-63,860

Supplemental disclosure of non-cash transactions:
Non-cash additions to property, plant, and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,730

-2,939

18,941

-

-713

5,637

5,433

-

2,221

1,533

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash obligation under capital lease

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

5,068

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-