PotlatchDeltic Corporation PCH Cash Flow

Potlatchdeltic corporation (PCH)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	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	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income
32,269	55,661	46,061	85,832	114,843	122,880	132,669	106,033	84,129	86,453	89,238	83,184	27,702	10,938	114	-5,734	26,215	31,714	48,301	59,657	75,216	89,910	83,495	72,532	75,444	70,581	70,724	67,132	53,030	42,594	27,252	34,252	37,621	40,266	51,120	43,601	46,895	40,394	0	0	0
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation, depletion and amortization
74,875	72,105	72,065	72,332	76,800	73,161	61,689	50,809	35,845	29,912	30,375	31,059	32,287	34,190	35,674	38,982	38,206	38,105	35,577	31,344	29,149	26,749	26,217	25,939	26,199	26,962	27,047	27,303	27,326	26,247	25,447	26,237	26,214	29,092	30,263	30,670	32,732	31,204	0	0	0
Basis of real estate sold
25,496	20,554	20,236	19,256	14,649	16,698	11,149	7,480	5,642	6,827	7,676	8,362	10,767	8,011	10,309	11,425	8,638	7,012	4,746	2,820	4,432	8,646	8,248	8,831	7,069	2,904	5,370	7,197	5,061	5,048	1,789	19,550	14,278	10,219	84,215	42,810	45,623	48,670	0	0	0
Gain on sale of facility
-	9,176	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on extinguishment of debt
-	-5,512	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in deferred taxes
-7,329	-11,045	-18,661	-7,875	-2,880	12,161	30,168	16,918	14,657	15,364	-447	9,881	2,612	1,853	-1,535	-10,773	-5,870	-5,696	-5,529	-3,859	-2,388	-1,616	530	-1,593	-2,846	-2,467	3,583	9,016	15,292	15,992	7,251	6,573	3,544	4,218	4,132	2,442	3,395	5,427	0	0	0
Pension and other postretirement employee benefits
14,839	11,877	13,129	14,381	15,735	16,443	15,509	14,575	13,673	13,151	13,781	14,406	16,216	15,661	22,091	19,786	16,136	15,122	6,280	5,555	4,023	2,122	2,995	3,810	4,584	7,561	6,498	7,462	6,270	4,317	2,409	-1,759	-3,943	-2,181	-3,504	-3,465	-2,080	-6,241	0	0	0
Pension settlement charge
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity-based compensation expense
7,540	7,272	7,050	6,766	6,544	8,206	8,361	7,920	7,501	5,379	4,636	4,562	4,593	4,390	4,459	4,675	4,576	4,758	4,668	4,364	4,365	4,137	4,164	4,308	4,213	4,377	4,281	4,170	4,192	4,067	4,317	4,355	4,401	4,404	0	0	0	-	-	-	-
Gain from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	119	0	0	0
Other, net
1,301	2,324	2,693	2,478	1,465	1,221	2,282	2,217	2,543	2,529	1,524	901	1,195	1,198	2,512	-2,170	2,076	2,046	1,061	6,526	2,111	2,191	3,755	3,072	2,512	1,972	0	0	0	-	-	-	-	-	-	-	-	-	-	-	0
Change in working capital, net of business acquired:
Change in working capital and operating-related activities, net
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Real estate development expenditures
5,912	7,300	7,657	7,816	6,158	5,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Funding of pension and other postretirement employee benefits
5,500	5,700	6,200	50,300	50,098	57,600	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposition of property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	130	81	-1,730	-1,078	0	0	0
Proceeds from sales deposited with a like-kind exchange intermediary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Funding of qualified pension plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,630	21,630	21,630	21,630	9,400	0	0	0	-	-	-	-
Net cash provided by operating activities
168,139	139,068	135,953	151,060	163,047	178,894	181,682	178,631	155,624	162,659	157,072	135,839	115,173	102,117	93,256	103,019	78,470	74,014	78,856	79,596	115,825	131,372	122,849	117,169	102,302	90,252	112,015	109,136	106,243	79,981	48,352	51,614	58,876	77,425	114,211	131,893	134,391	126,115	0	0	0
CASH FLOWS FROM INVESTING ACTIVITIES
Property, plant and equipment additions
40,432	39,153	36,980	34,009	30,008	29,880	21,906	18,289	12,851	12,855	11,049	8,317	8,570	5,866	7,009	10,227	15,109	18,987	20,327	19,001	15,903	13,261	11,530	10,996	10,127	10,280	10,058	9,016	6,968	5,636	4,677	4,757	5,327	5,338	5,994	5,960	5,177	5,215	0	0	0
Timberlands reforestation and roads
17,763	17,695	18,183	18,449	18,760	17,378	16,094	16,534	15,422	15,207	14,578	13,670	13,825	13,422	13,011	13,285	13,253	13,745	14,286	11,088	12,236	10,971	11,142	13,517	11,471	12,313	12,418	12,149	11,945	11,774	0	0	0	-	-	-	-	-	-	0	0
Transfer from company owned life insurance (COLI)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,751	21,751	21,751	21,751	0	0	0	0	-	-	-	-
Acquisition of timber and timberlands
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Proceeds on disposition of property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	150	108	1,487	3,075	0	0	0
Proceeds on sale of facility
-252	58,793	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and cash equivalents acquired in Deltic merger
-	-	-	-	-	3,419	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,995	-40,931	-48,012	-23,992	-1,810	8,239	29,871	11,512	-10,826	3,376	2,399	8,283	88	-21,261	-26,112	-27,030	-22,260	9,024	33,153	33,840	31,743	0	0	0
Other, net
-1,364	11	131	105	109	7	-787	-642	-371	-37	625	177	212	-6	-767	-562	-693	-886	-781	-1,362	-1,464	-1,263	-2,850	-1,811	-1,304	-823	806	1,086	1,249	1,122	524	709	1,155	871	1,701	1,571	1,140	1,807	0	0	0
Net cash (used in) provided by investing activities
-58,690	4,517	1,330	2,052	7,105	-47,909	-33,911	-49,788	-46,478	-50,020	-45,932	-22,962	90,026	93,351	72,276	61,069	-36,895	-33,589	-359,199	-366,312	-388,280	-406,756	-57,740	-53,633	-32,866	-12,004	-38,436	-36,428	-40,225	-8,647	25,626	30,518	30,632	4,503	-26,996	-50,839	-49,071	-45,476	0	0	0
CASH FLOWS FROM FINANCING ACTIVITIES
Change in long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Distributions to common stockholders
107,598	107,722	152,297	150,511	148,731	146,768	91,550	81,677	71,805	61,931	60,881	60,846	60,812	60,842	60,903	60,963	61,022	61,017	60,988	59,942	58,895	57,848	56,809	55,166	53,522	51,868	50,201	50,150	50,090	50,041	49,983	57,964	65,956	73,921	81,875	81,782	81,680	81,578	0	0	0
Repurchase of common stock
27,370	25,173	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Potlatch revolving line of credit
-	-	-	-	-	100,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of revolving line of credit
-	-	-	-	-	100,000	0	0	0	-	-	-	-	30,000	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issue of long-term debt
-	190,000	150,000	150,000	150,000	100,000	0	0	0	-	-	-	-	93,235	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of long-term debt
-	190,000	150,000	150,000	150,000	14,250	0	0	0	-	-	-	-	113,335	0	0	0	-	-	-	0	-	-	-	-	36,663	36,663	36,663	32,812	21,662	21,662	21,665	16,511	5,011	0	0	0	-	-	-	-
Premiums and fees on debt retirement
-	4,865	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,904	2,164	2,810	1,679	1,075	909	263	1,308	1,430	1,722	1,954	1,503	2,156	0	0	0
Change in book overdrafts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-3,893	-4,102	-1,561	-955	0	0	0	-	-	558	-976	157	0	0	0	-	-	-	0
Employee tax withholdings on vested performance share awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	1,073	1,117	1,121	1,738	1,757	1,700	1,686	1,714	1,745	1,750	1,749	1,641	1,610	1,713	1,713	2,075	0	0	0
Deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	698	0	0	0	-	-	-	-
Other, net
-1,041	-1,012	-401	-312	-358	-4,983	-5,531	-5,521	-5,415	-1,835	-1,311	-2,085	-4,827	-3,911	-5,337	-6,038	-3,368	-3,000	-2,306	-1,696	-1,689	-1,783	-1,135	-386	-346	-302	-469	-136	-143	-140	140	-39	37	-18	-99	-86	0	-1	0	0	0
Net cash used in financing activities
-136,009	-138,772	-182,736	-180,861	-164,112	-172,001	-123,331	-113,448	-108,470	-74,766	-67,192	-67,931	-111,359	-120,809	-113,356	-126,866	-62,268	-56,517	249,277	262,174	248,162	250,369	-62,804	-60,690	-64,351	-89,647	-76,618	-74,850	-73,616	-62,168	-71,162	-80,952	-84,220	-79,702	-90,249	-82,940	-84,571	-79,580	0	0	0
Change in cash, cash equivalents and restricted cash
-26,560	4,813	-45,453	-27,749	6,040	-41,016	24,440	15,395	676	37,873	43,948	44,946	93,840	74,659	52,176	37,222	-20,693	-16,092	-31,066	-24,542	-24,293	-25,015	2,305	2,846	5,085	-11,399	-3,039	-2,142	-7,598	9,166	2,816	1,180	5,288	2,226	835	1,710	4,212	4,061	0	0	0
NONCASH INVESTING AND FINANCING ACTIVITIES
Long-term debt assumed by buyer in sale of facility
-	29,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued property, plant and equipment additions
186	1,396	7	-164	2,270	339	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued timberlands reforestation and roads
595	352	571	344	-172	199	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
CASH FLOW INFORMATION
Cash paid during the year for:
Interest, net of amounts capitalized
-	-	-	-	-	-	-	-	-	26,125	25,742	25,995	29,152	28,051	31,299	29,765	30,207	29,676	27,821	24,189	21,723	20,918	20,930	20,987	21,372	22,229	23,176	23,437	24,170	23,884	24,438	24,734	25,120	25,241	25,704	25,516	27,205	26,135	0	0	0
Income taxes, net
-	-	-	-	-	-	-	-	-	15,845	7,670	-1,484	-6,224	-8,081	-1,780	-1,676	-281	1,576	7,440	13,070	18,241	18,104	16,631	14,753	19,996	20,097	15,749	12,005	224	53	-45	-53	-4,991	-5,984	-7,156	-7,320	-2,215	255	0	0	0
Cash flows provided by continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,059	0	0	0
Cash flows provided by discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,002	0	0	0
Non-cash investing activity:
Additions to timber and timberlands
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Deltic [Member]
Repayment of revolving line of credit
-	-	-	-	-	106,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity issued as consideration for our merger with Deltic
-	-	-	-	-	1,142,775	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-