NEXEO SOLUTIONS, INC. NXEO Cash Flow

Nexeo solutions, inc. (NXEO)

CashFlow / Quarterly

Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14
Cash flows from operations
Net income (loss) from continuing operations
16,200	-15,000	17,500	400	26,500	13,600	10,200	-1,100	-8,300	-8,400	-	-	-	-	-	-	-	-	-
Adjustments to reconcile to cash flows from operations:
Depreciation and amortization
17,200	17,300	18,500	19,600	19,500	19,600	18,900	17,800	16,800	20,600	-	-	-	-	-	-	-	-	-
Debt issuance costs amortization, debt issuance costs write-offs and original issue discount amortization
1,200	1,200	1,100	1,100	1,100	1,000	1,100	1,000	1,000	700	-	-	-	-	-	-	-	-	-
Non-cash transaction costs
-	-	-	-	-	-	-	-	-	12,800	-	-	-	-	-	-	-	-	-
Provision for bad debt
-200	400	600	600	300	-100	0	300	-400	300	-	-	-	-	-	-	-	-	-
Impairment charge due to natural disasters
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-
Deferred income taxes
1,600	-2,400	1,600	-4,300	-1,800	3,000	4,800	-1,300	-4,300	-1,100	-	-	-	-	-	-	-	-	-
Equity-based compensation expense
1,800	1,800	1,800	1,800	1,700	1,300	1,500	1,300	1,400	1,500	-	-	-	-	-	-	-	-	-
Change in fair value of contingent consideration obligations
22,900	-7,200	8,700	-12,600	18,600	36,000	800	-10,000	-10,600	-11,200	-	-	-	-	-	-	-	-	-
(Gain) loss from sales of property and equipment
-	-	-	-	-	-200	100	0	-100	-200	-	-	-	-	-	-	-	-	-
Gain related to reimbursements of certain capital expenditures incurred
-	-	-	-	-	0	5,400	200	2,500	800	-	-	-	-	-	-	-	-	-
Gain from debt extinguishment, net
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-
Changes in assets and liabilities:
Accounts and notes receivable
-55,800	-16,100	4,300	65,500	-36,900	38,100	-6,600	85,600	-15,200	5,000	-	-	-	-	-	-	-	-	-
Inventories
23,100	-21,100	-8,400	4,800	50,500	-49,300	11,200	33,800	-10,100	-12,500	-	-	-	-	-	-	-	-	-
Other current assets
300	-2,100	-1,400	-100	1,600	-2,500	-1,200	-2,500	600	-100	-	-	-	-	-	-	-	-	-
Accounts payable
-70,700	6,100	-10,400	63,100	-60,800	32,000	-22,100	72,400	-38,600	-14,500	-	-	-	-	-	-	-	-	-
Related party payable
-	-	-	-	-	-	-	-	-	-100	-	-	-	-	-	-	-	-	-
Accrued expenses and other liabilities
-26,400	11,500	7,400	6,000	-12,600	7,200	9,500	-900	-9,700	-4,900	-	-	-	-	-	-	-	-	-
Changes in other operating assets and liabilities, net
400	1,600	1,900	-3,900	-700	-1,200	300	-1,500	600	-500	-	-	-	-	-	-	-	-	-
Net loss
-	-	-	-	-	-	-	-	-	-	-	1,502	523	-29	-288	126	1,754	-609	-108
Increase in prepaid expenses
-	-	-	-	-	-	-	-	-	-	-	10	-39	-30	-39	5	-29	-29	212
Decrease in accrued state franchise tax
-	-	-	-	-	-	-	-	-	-	-	-23	17	17	-9	-95	45	45	48
Increase in accrued expenses
-	-	-	-	-	-	-	-	-	-	-	1,232	-3	13	-603	123	281	548	26
Accrued interest on Sponsor convertible note
-	-	-	-	-	-	-	-	-	-	-	9	3	3	3	0	0	0	0
Accrued interest on Sponsor promissory note
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-
Amortization of original issue discount
-	-	-	-	-	-	-	-	-	-	-	303	-30	97	-42	83	-11	25	0
Interest on investments
-	-	-	-	-	-	-	-	-	-	-	71	193	0	142	0	49	1	0
Net cash provided by operating activities from continuing operations
-	-	-	-	-	-	-	-	-	3,200	-29,082	-669	-247	-61	-706	-187	-0	-13	-245
Net cash provided by operating activities from discontinued operations
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-
Net cash used in operating activities
-50,200	80,900	32,800	34,200	-59,200	90,600	13,900	-16,100	-9,800	3,200	-	-	-	-	-	-	-	-	-
Cash flows from investing activities
Additions to property and equipment
4,800	6,800	3,800	3,900	4,100	6,900	6,200	7,900	6,600	12,700	-	-	-	-	-	-	-	-	-
Proceeds from the disposal of property and equipment
0	100	700	2,000	600	200	300	100	0	4,700	-	-	-	-	-	-	-	-	-
Proceeds from reimbursement for certain capital expenditures incurred
-	-	-	-	-	0	5,500	100	2,800	500	-	-	-	-	-	-	-	-	-
Proceeds withdrawn from trust account
-	-	-	-	-	-	-	-	-	501,100	-	-	-	-	-	-	-	-	-
Cash paid for asset acquisitions
1,700	0	3,300	7,700	0	2,100	58,400	0	5,100	360,600	-	-	-	-	-	-	-	-	-
Withdrawal of trust account funds for payment of Delaware franchise tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Proceeds deposited into trust account for investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	500,250
Net cash used in investing activities
-6,500	-6,700	-6,400	-9,600	-3,500	-8,800	-58,800	-7,700	-8,900	133,000	-	-	-	-	-	-	-	-	-500,250
Cash flows from financing activities
Proceeds from issuance of common stock
-	-	-	-	-	-	-	-	-	234,900	-	-	-	-	-	-	-	-	-
Redemption of common stock
-	-	-	-	-	-	-	-	-	298,500	-	-	-	-	-	-	-	-	-
Proceeds from Sponsor convertible note and Sponsor promissory note
-	-	-	-	-	-	-	-	-	700	-	425	0	0	300	0	0	0	0
Repayment of Sponsor convertible note and Sponsor promissory note
-	-	-	-	-	-	-	-	-	1,000	-	-	-	-	-	-	-	-	-
Repurchases of membership units
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-
Proceeds from sale of common stock to Sponsor
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	25
Proceeds from sale of common stock through public offering
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	500,250
Proceeds from Sponsor to purchase private placement warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	11,200
Proceeds from note payable - related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	350
Payment of underwriting discounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	9,204
Payment of accrued formation and offering costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-501	-10	-448
Repayments of Related Party Debt
0	6,000	0	0	4,200	0	0	0	0	0	-	-	-	-	-	-	0	0	350
Proceeds from short-term debt
29,600	11,900	10,000	4,800	27,900	10,500	10,600	3,600	15,900	13,300	-	-	-	-	-	-	-	-	-
Repayments of short-term debt
28,000	10,200	9,700	4,600	31,600	9,700	10,500	4,800	14,300	12,800	-	-	-	-	-	-	-	-	-
Proceeds from issuance of long-term debt
252,700	165,900	149,900	143,100	231,700	162,200	226,100	220,400	165,100	972,500	-	-	-	-	-	-	-	-	-
Repayments of long-term debt and capital lease obligations
200,700	221,200	174,400	167,000	172,900	225,300	243,100	132,200	161,400	205,400	-	-	-	-	-	-	-	-	-
Repayment of Predecessor long-term debt
-	-	-	-	-	-	-	-	-	767,300	-	-	-	-	-	-	-	-	-
Payment of debt issuance costs
0	0	0	0	800	0	0	1,300	0	25,300	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
53,600	-	-24,200	-23,700	50,100	-	-16,900	85,700	5,300	-	-	-	-	-	-	-	-	-	-
Proceeds from Sponsor promissory note
-	-	-	-	-	-	-	-	-	-	-	235	-	-	-	0	-	-	-
Net cash provided by (used in) financing activities
-	-	-	-	-	-	-	-	-	-88,900	-	660	0	0	300	0	-501	-10	501,822
Effect of exchange rate changes on cash and cash equivalents
-1,200	500	-800	100	100	300	600	100	-800	0	-	-	-	-	-	-	-	-	-
Decrease in cash and cash equivalents
-4,300	15,100	1,400	1,000	-12,500	19,800	-61,200	62,000	-14,200	47,300	38,629	-9	-219	-33	-350	-187	-502	-23	1,327
Deferred underwriting compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	18,309
Accrued formation cost and offering cost
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10	511
Supplemental disclosure of cash flow information:
Cash paid during the period for interest
12,400	12,200	12,400	9,600	14,000	12,200	9,200	13,600	11,100	16,900	-	-	-	-	-	-	-	-	-
Cash paid during the period for taxes (net of refunds)
3,000	5,000	10,600	3,700	1,600	2,600	1,700	1,900	700	2,900	1,403	68	27	27	55	139	0	0	0
Supplemental disclosure of non-cash operating activities:
Non-cash payment of deferred underwriting fees
-	-	-	-	-	-	-	-	-	18,300	-	-	-	-	-	-	-	-	-
Supplemental disclosure of non-cash investing activities:
Non-cash capital expenditures
1,900	400	400	-400	1,400	1,300	200	-600	16,400	3,200	-	-	-	-	-	-	-	-	-
Non-cash intangible assets acquired
-	-	-	-	-	0	300	0	3,400	0	-	-	-	-	-	-	-	-	-
Non-cash capital lease obligations, net
-	-	-	-	-	1,700	200	0	13,400	200	-	-	-	-	-	-	-	-	-