Potlatchdeltic corporation (PCH)
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 (loss) income

-16,832

11,399

20,565

17,137

6,560

1,799

60,336

46,148

14,597

11,588

33,700

24,244

16,921

14,373

27,646

-31,238

157

3,549

21,798

711

5,656

20,136

33,154

16,270

20,350

13,721

22,191

19,182

15,487

13,864

18,599

5,080

5,051

-1,478

25,599

8,449

7,696

9,376

18,080

11,743

1,195

Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation, depletion and amortization

19,044

19,516

19,178

17,137

16,274

19,476

19,445

21,605

12,635

8,004

8,565

6,641

6,702

8,467

9,249

7,869

8,605

9,951

12,557

7,093

8,504

7,423

8,324

4,898

6,104

6,891

8,046

5,158

6,867

6,976

8,302

5,181

5,788

6,176

9,092

5,158

8,666

7,347

9,499

7,220

7,138

Basis of real estate sold

6,498

6,343

5,228

7,427

1,556

6,025

4,248

2,820

3,605

476

579

982

4,790

1,325

1,265

3,387

2,034

3,623

2,381

600

408

1,357

455

2,212

4,622

959

1,038

450

457

3,425

2,865

-1,686

444

166

20,626

-6,958

-3,615

74,162

-20,779

-4,145

-568

Gain on sale of facility

-

0

0

0

9,176

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on extinguishment of debt

-

0

0

0

-5,512

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in deferred taxes

-12,383

5,898

295

-1,139

-16,099

-1,718

11,081

3,856

-1,058

16,289

-2,169

1,595

-351

478

8,159

-5,674

-1,110

-2,910

-1,079

-771

-936

-2,743

591

700

-164

-597

-1,532

-553

215

5,453

3,901

5,723

915

-3,288

3,223

2,694

1,589

-3,374

1,533

3,647

3,621

Pension and other postretirement employee benefits

6,068

2,970

2,970

2,831

3,106

4,222

4,222

4,185

3,814

3,288

3,288

3,283

3,292

3,918

3,913

5,093

2,737

10,348

1,608

1,443

1,723

1,506

883

-89

-178

2,379

1,698

685

2,799

1,316

2,662

-507

846

-592

-1,506

-2,691

2,608

-1,915

-1,467

-1,306

-1,553

Pension settlement charge

42,988

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity-based compensation expense

1,885

1,910

1,913

1,832

1,617

1,688

1,629

1,610

3,279

1,843

1,188

1,191

1,157

1,100

1,114

1,222

954

1,169

1,330

1,123

1,136

1,079

1,026

1,124

908

1,106

1,170

1,029

1,072

1,010

1,059

1,051

947

1,260

1,097

1,097

950

-

-

-

-

Gain from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

477

-84

-85

-189

Other, net

-237

-368

764

1,142

786

1

549

129

542

1,062

484

455

528

57

-139

749

531

1,371

-4,821

4,995

501

386

644

580

581

1,950

-39

20

41

-

-

-

-

-

-

-

-

-

-

-

886

Change in working capital, net of business acquired:
Change in working capital and operating-related activities, net

-2,557

-

8,745

-8,507

-13,983

-

421

17,402

-8,394

-

-10,570

47

-9,966

-

21,456

11,664

-16,047

-

4,924

12,985

-8,447

-

1,007

-3,913

-8,923

-

-902

12,350

-1,078

-

3,675

6,669

-9,313

-

4,178

3,695

-4,531

-

-2,392

7,855

-587

Real estate development expenditures

378

1,562

1,257

2,715

1,766

1,919

1,416

1,057

608

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Funding of pension and other postretirement employee benefits

1,500

1,100

1,500

1,400

1,700

1,600

45,600

1,198

9,202

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposition of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

-

52

20

34

24

3

-1,791

686

Proceeds from sales deposited with a like-kind exchange intermediary

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Funding of qualified pension plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

21,630

0

0

0

9,400

-

-

-

-

Net cash provided by operating activities

48,138

33,641

37,906

48,454

19,067

30,526

53,013

60,441

34,914

33,314

49,962

37,434

41,949

27,727

28,729

16,768

28,893

18,866

38,492

-7,781

24,437

23,708

39,232

28,448

39,984

15,185

33,552

13,581

27,934

36,948

30,673

10,688

1,672

5,319

33,935

17,950

20,221

42,105

51,617

20,448

11,945

CASH FLOWS FROM INVESTING ACTIVITIES
Property, plant and equipment additions

5,039

13,557

10,094

11,742

3,760

11,384

7,123

7,741

3,632

3,410

3,506

2,303

3,636

1,604

774

2,556

932

2,747

3,992

7,438

4,810

4,087

2,666

4,340

2,168

2,356

2,132

3,471

2,321

2,134

1,090

1,423

989

1,175

1,170

1,993

1,000

1,831

1,136

1,210

1,038

Timberlands reforestation and roads

4,310

4,426

5,079

3,948

4,242

4,914

5,345

4,259

2,860

3,630

5,785

3,147

2,645

3,001

4,877

3,302

2,242

2,590

5,151

3,270

2,734

3,131

1,953

4,418

1,469

3,302

4,328

2,372

2,311

3,407

4,059

2,168

2,140

-

-

-

-

-

-

2,117

1,516

Transfer from company owned life insurance (COLI)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

21,751

0

0

0

0

-

-

-

-

Acquisition of timber and timberlands

4,190

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,131

-

-

-

-

Proceeds on disposition of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

-

52

21

112

-35

10

1,400

1,700

Proceeds on sale of facility

1,000

0

0

-1,252

60,045

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and cash equivalents acquired in Deltic merger

-

-

-

-

-

0

0

0

3,419

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,333

-1,791

-17,054

-7,483

-14,603

-8,872

6,966

14,699

-4,554

12,760

-11,393

-7,639

9,648

11,783

-5,509

-15,834

-11,701

6,932

-6,427

-11,064

19,583

31,061

-5,740

-13,161

Other, net

-1,505

531

-87

-303

-130

651

-113

-299

-232

-143

32

-28

102

519

-416

7

-116

-242

-211

-124

-309

-137

-792

-226

-108

-1,724

247

281

373

-95

527

444

246

-693

712

890

-38

137

582

459

629

Net cash (used in) provided by investing activities

-11,034

-17,670

-13,069

-16,917

52,173

-20,857

-12,347

-11,864

-2,841

-6,859

-28,224

-8,554

-6,383

-2,771

-5,254

104,434

-3,058

-23,846

-16,461

6,470

248

-349,456

-23,574

-15,498

-18,228

-440

-19,467

5,269

2,634

-26,872

-17,459

1,472

34,212

7,401

-12,567

1,586

8,083

-24,098

-36,410

3,354

11,678

CASH FLOWS FROM FINANCING ACTIVITIES
Change in long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

73

Distributions to common stockholders

26,941

26,888

26,888

26,881

27,065

71,463

25,102

25,101

25,102

16,245

15,229

15,229

15,228

15,195

15,194

15,195

15,258

15,256

15,254

15,254

15,253

15,227

14,208

14,207

14,206

14,188

12,565

12,563

12,552

12,521

12,514

12,503

12,503

12,463

20,495

20,495

20,468

20,417

20,402

20,393

20,366

Repurchase of common stock

12,355

0

0

15,015

10,158

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Potlatch revolving line of credit

-

-

-

-

-

0

0

0

100,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of revolving line of credit

-

-

-

-

-

0

0

0

100,000

-

-

-

-

60,000

0

0

-30,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issue of long-term debt

-

40,000

0

0

150,000

0

0

0

100,000

-

-

-

-

0

65,735

0

27,500

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of long-term debt

-

40,000

0

0

150,000

0

0

0

14,250

-

-

-

-

0

65,735

42,600

5,000

-

-

-

0

-

-

-

-

0

0

9,013

27,650

0

0

5,162

16,500

0

3

8

5,000

-

-

-

-

Premiums and fees on debt retirement

-

0

0

0

4,865

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

106

0

1,131

667

366

646

0

63

200

0

1,045

185

492

232

594

838

Change in book overdrafts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,836

-

806

1,305

-3,551

-

-1,495

1,212

-2,636

-974

-1,704

3,753

-2,030

-

-

2,200

-1,152

1,534

-2,024

666

-19

-

-

-

-818

Employee tax withholdings on vested performance share awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38

1,407

-

13

11

1,068

-19

57

15

1,685

0

0

1

1,713

31

5

0

1,605

0

108

0

1,967

Deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

355

0

18

325

-

-

-

-

Other, net

-242

-619

-129

-51

-213

-8

-40

-97

-4,838

-556

-30

9

-1,258

-32

-804

-2,733

-342

-1,458

-1,505

-63

26

-764

-895

-56

-68

-116

-146

-16

-24

-283

187

-23

-21

-3

8

53

-76

-84

21

139

-77

Net cash used in financing activities

-39,538

-27,507

-27,017

-41,947

-42,301

-71,471

-25,142

-25,198

-50,190

-22,801

-15,259

-20,220

-16,486

-15,227

-15,998

-63,648

-25,936

-7,774

-29,508

950

-20,185

298,020

-16,611

-13,062

-17,978

-15,153

-14,497

-16,723

-43,274

-2,124

-12,729

-15,489

-31,826

-11,118

-22,519

-18,757

-27,308

-21,665

-15,210

-20,388

-22,317

Change in cash, cash equivalents and restricted cash

-2,434

-11,536

-2,180

-10,410

28,939

-61,802

15,524

23,379

-18,117

3,654

6,479

8,660

19,080

9,729

7,477

57,554

-101

-12,754

-7,477

-361

4,500

-27,728

-953

-112

3,778

-408

-412

2,127

-12,706

7,952

485

-3,329

4,058

1,602

-1,151

779

996

211

-276

3,281

845

NONCASH INVESTING AND FINANCING ACTIVITIES
Long-term debt assumed by buyer in sale of facility

-

0

0

0

29,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued property, plant and equipment additions

1,380

943

209

-2,346

2,590

-446

38

88

659

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued timberlands reforestation and roads

260

-1,054

814

575

17

-835

587

59

388

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

CASH FLOW INFORMATION
Cash paid during the year for:
Interest, net of amounts capitalized

-

-

-

-

-

-

-

-

-

8,744

5,646

8,605

3,130

8,361

5,899

11,762

2,029

11,609

4,365

12,204

1,498

9,754

733

9,738

693

9,766

790

10,123

1,550

10,713

1,051

10,856

1,264

11,267

1,347

11,242

1,385

11,730

1,159

12,931

315

Income taxes, net

-

-

-

-

-

-

-

-

-

1,922

9,066

4,709

148

-6,253

-88

-31

-1,709

48

16

1,364

148

5,912

5,646

6,535

11

4,439

3,768

11,778

112

91

24

-3

-59

-7

16

-4,941

-1,052

-1,179

-148

164

1,418

Cash flows provided by continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,658

-3

3,414

1,306

Cash flows provided by discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,869

-273

-133

-461

Non-cash investing activity:
Additions to timber and timberlands

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

341

-

-

-

-

Deltic [Member]
Repayment of revolving line of credit

-

-

-

-

-

0

0

0

106,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity issued as consideration for our merger with Deltic

-

-

-

-

-

0

0

0

1,142,775

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-