NEXEO SOLUTIONS, INC. NXEO Cash Flow

Nexeo solutions, inc. (NXEO)

CashFlow / TTM

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
19,100	29,400	58,000	50,700	49,200	14,400	-7,600	0	0	0	-	-	-	-	-	-	-	-	-
Adjustments to reconcile to cash flows from operations:
Depreciation and amortization
72,600	74,900	77,200	77,600	75,800	73,100	74,100	0	0	0	-	-	-	-	-	-	-	-	-
Debt issuance costs amortization, debt issuance costs write-offs and original issue discount amortization
4,600	4,500	4,300	4,300	4,200	4,100	3,800	0	0	0	-	-	-	-	-	-	-	-	-
Non-cash transaction costs
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-
Provision for bad debt
1,400	1,900	1,400	800	500	-200	200	0	0	0	-	-	-	-	-	-	-	-	-
Impairment charge due to natural disasters
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-
Deferred income taxes
-3,500	-6,900	-1,500	1,700	4,700	2,200	-1,900	0	0	0	-	-	-	-	-	-	-	-	-
Equity-based compensation expense
7,200	7,100	6,600	6,300	5,800	5,500	5,700	0	0	0	-	-	-	-	-	-	-	-	-
Change in fair value of contingent consideration obligations
11,800	7,500	50,700	42,800	45,400	16,200	-31,000	0	0	0	-	-	-	-	-	-	-	-	-
(Gain) loss from sales of property and equipment
-	-	-	-	-	-200	-200	0	0	0	-	-	-	-	-	-	-	-	-
Gain related to reimbursements of certain capital expenditures incurred
-	-	-	-	-	8,100	8,900	0	0	0	-	-	-	-	-	-	-	-	-
Gain from debt extinguishment, net
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-
Changes in assets and liabilities:
Accounts and notes receivable
-2,100	16,800	71,000	60,100	80,200	101,900	68,800	0	0	0	-	-	-	-	-	-	-	-	-
Inventories
-1,600	25,800	-2,400	17,200	46,200	-14,400	22,400	0	0	0	-	-	-	-	-	-	-	-	-
Other current assets
-3,300	-2,000	-2,400	-2,200	-4,600	-5,600	-3,200	0	0	0	-	-	-	-	-	-	-	-	-
Accounts payable
-11,900	-2,000	23,900	12,200	21,500	43,700	-2,800	0	0	0	-	-	-	-	-	-	-	-	-
Related party payable
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-
Accrued expenses and other liabilities
-1,500	12,300	8,000	10,100	3,200	6,100	-6,000	0	0	0	-	-	-	-	-	-	-	-	-
Changes in other operating assets and liabilities, net
0	-1,100	-3,900	-5,500	-3,100	-1,800	-1,100	0	0	0	-	-	-	-	-	-	-	-	-
Net loss
-	-	-	-	-	-	-	-	-	-	-	1,708	332	1,563	983	1,163	0	0	0
Increase in prepaid expenses
-	-	-	-	-	-	-	-	-	-	-	-99	-103	-94	-93	157	0	0	0
Decrease in accrued state franchise tax
-	-	-	-	-	-	-	-	-	-	-	1	-71	-42	-14	43	0	0	0
Increase in accrued expenses
-	-	-	-	-	-	-	-	-	-	-	639	-470	-184	349	980	0	0	0
Accrued interest on Sponsor convertible note
-	-	-	-	-	-	-	-	-	-	-	19	10	6	3	0	0	0	0
Accrued interest on Sponsor promissory note
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-
Amortization of original issue discount
-	-	-	-	-	-	-	-	-	-	-	328	108	127	55	97	0	0	0
Interest on investments
-	-	-	-	-	-	-	-	-	-	-	407	335	192	193	51	0	0	0
Net cash provided by operating activities from continuing operations
-	-	-	-	-	-	-	-	-	-26,800	-30,061	-1,685	-1,203	-956	-907	-446	0	0	0
Net cash provided by operating activities from discontinued operations
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-
Net cash used in operating activities
97,700	88,700	98,400	79,500	29,200	78,600	-8,800	0	0	0	-	-	-	-	-	-	-	-	-
Cash flows from investing activities
Additions to property and equipment
19,300	18,600	18,700	21,100	25,100	27,600	33,400	0	0	0	-	-	-	-	-	-	-	-	-
Proceeds from the disposal of property and equipment
2,800	3,400	3,500	3,100	1,200	600	5,100	0	0	0	-	-	-	-	-	-	-	-	-
Proceeds from reimbursement for certain capital expenditures incurred
-	-	-	-	-	8,400	8,900	0	0	0	-	-	-	-	-	-	-	-	-
Proceeds withdrawn from trust account
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-
Cash paid for asset acquisitions
12,700	11,000	13,100	68,200	60,500	65,600	424,100	0	0	0	-	-	-	-	-	-	-	-	-
Withdrawal of trust account funds for payment of Delaware franchise tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Proceeds deposited into trust account for investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Net cash used in investing activities
-29,200	-26,200	-28,300	-80,700	-78,800	-84,200	57,600	0	0	0	-	-	-	-	-	-	-	-	0
Cash flows from financing activities
Proceeds from issuance of common stock
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-
Redemption of common stock
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-
Proceeds from Sponsor convertible note and Sponsor promissory note
-	-	-	-	-	-	-	-	-	0	-	725	300	300	300	0	0	0	0
Repayment of Sponsor convertible note and Sponsor promissory note
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-
Repurchases of membership units
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-
Proceeds from sale of common stock to Sponsor
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Proceeds from sale of common stock through public offering
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Proceeds from Sponsor to purchase private placement warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Proceeds from note payable - related party
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Payment of underwriting discounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Payment of accrued formation and offering costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Repayments of Related Party Debt
6,000	10,200	4,200	4,200	4,200	0	0	0	0	0	-	-	-	-	-	-	0	0	0
Proceeds from short-term debt
56,300	54,600	53,200	53,800	52,600	40,600	43,400	0	0	0	-	-	-	-	-	-	-	-	-
Repayments of short-term debt
52,500	56,100	55,600	56,400	56,600	39,300	42,400	0	0	0	-	-	-	-	-	-	-	-	-
Proceeds from issuance of long-term debt
711,600	690,600	686,900	763,100	840,400	773,800	1,584,100	0	0	0	-	-	-	-	-	-	-	-	-
Repayments of long-term debt and capital lease obligations
763,300	735,500	739,600	808,300	773,500	762,000	742,100	0	0	0	-	-	-	-	-	-	-	-	-
Repayment of Predecessor long-term debt
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-
Payment of debt issuance costs
0	800	800	800	2,100	1,300	26,600	0	0	0	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-
Proceeds from Sponsor promissory note
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-
Net cash provided by (used in) financing activities
-	-	-	-	-	-	-	-	-	0	-	960	300	-201	-211	501,310	0	0	0
Effect of exchange rate changes on cash and cash equivalents
-1,400	-100	-300	1,100	1,100	200	-100	0	0	0	-	-	-	-	-	-	-	-	-
Decrease in cash and cash equivalents
13,200	5,000	9,700	-52,900	8,100	6,400	33,900	133,729	71,719	85,700	38,366	-614	-791	-1,073	-1,063	614	0	0	0
Deferred underwriting compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Accrued formation cost and offering cost
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Supplemental disclosure of cash flow information:
Cash paid during the period for interest
46,600	48,200	48,200	45,000	49,000	46,100	50,800	0	0	0	-	-	-	-	-	-	-	-	-
Cash paid during the period for taxes (net of refunds)
22,300	20,900	18,500	9,600	7,800	6,900	7,200	6,903	5,072	4,400	1,527	180	251	223	195	139	0	0	0
Supplemental disclosure of non-cash operating activities:
Non-cash payment of deferred underwriting fees
-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-
Supplemental disclosure of non-cash investing activities:
Non-cash capital expenditures
2,300	1,800	2,700	2,500	2,300	17,300	19,200	0	0	0	-	-	-	-	-	-	-	-	-
Non-cash intangible assets acquired
-	-	-	-	-	3,700	3,700	0	0	0	-	-	-	-	-	-	-	-	-
Non-cash capital lease obligations, net
-	-	-	-	-	15,300	13,800	0	0	0	-	-	-	-	-	-	-	-	-