PINNACLE FOODS INC. PF Cash Flow

Pinnacle foods inc. (PF)

CashFlow / TTM

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
Cash flows from operating activities
Net earnings
603,624	565,986	532,221	176,492	182,264	209,429	211,117	202,168	197,913	195,809	212,508	169,442	257,301	249,206	248,418	267,996	172,724	105,301	89,349	77,304	46,497	67,776	52,519	0	0	0
Non-cash charges (credits) to net earnings
Depreciation and amortization
106,239	132,687	132,887	134,454	134,999	107,943	105,772	100,989	98,175	93,710	89,660	88,071	83,826	81,114	80,627	80,518	80,158	79,335	78,225	87,264	94,092	96,903	98,123	0	0	0
Amortization of debt acquisition costs and discount on term loan
3,749	4,025	4,734	6,102	7,494	8,888	9,554	8,736	7,880	7,010	6,353	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of discount on term loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,499	2,211	1,674	1,354	1,045	954	1,007	994	0	0	0
Amortization of debt acquisition costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,060	3,696	3,706	4,395	5,218	6,505	7,739	8,585	0	0	0
Recognition of deferred costs related to refinancing
12,681	10,913	28,494	28,494	29,094	29,094	600	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred mark-to-market adjustment on terminated swaps
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	444	0	0	0
Change in value of financial instruments, including amounts reclassified from Accumulated Other Comprehensive Loss from settlement of hedges
3,016	1,167	-20,949	-18,046	-20,026	-14,105	12,511	10,986	4,870	5,724	1,942	-8,799	-7,474	-12,005	-12,537	-3,221	90	-301	535	-625	2,135	-826	1,185	0	0	0
Equity-based compensation charges
19,051	18,898	18,728	18,759	18,541	14,215	14,016	13,016	12,191	15,563	15,122	39,054	39,565	37,308	35,951	10,703	9,056	9,870	7,933	5,741	3,575	725	850	0	0	0
Pension expense, net of contributions
-3,877	-2,652	-2,372	-1,899	-1,239	-1,806	-37	-288	-1,930	-1,480	-4,700	-4,842	-6,382	-8,704	-9,300	-11,133	-11,638	-11,396	-9,131	-8,223	-8,869	-8,535	-10,391	0	0	0
Gain on sale of assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,627	3,627	701	701	0	0	0	0
Other long-term liabilities
-25,861	-19,954	-20,723	-3,635	-2,391	-1,005	0	1,872	1,836	-522	0	-1,118	1,334	1,633	1,962	431	-664	-876	-1,872	-905	-872	2,154	2,799	0	0	0
Other long-term assets
-	-	-	-	-	-	283	1,110	1,635	1,635	0	0	0	0	-	-	-	-	-	-	-	-	-	0	0	0
Foreign exchange losses/(gains)
192	726	1,484	1,339	-399	-65	486	-25	-1,870	-1,668	-4,731	-6,299	-4,198	-4,899	-2,620	0	0	0	-	-	-	-	-	-	-	-
Deferred income taxes
-287,297	-304,786	-305,425	25,595	23,375	40,689	48,182	88,821	101,488	109,636	115,584	87,648	147,222	153,684	159,537	162,015	104,337	77,702	67,852	61,518	41,898	40,248	30,929	0	0	0
Changes in working capital
Other liabilities - cash settlement of hedges related to refinancing
0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable
-13,677	-351	-8,603	-1,505	10,083	-6,189	29,417	52,199	33,911	57,162	30,882	12,599	17,791	21,341	21,630	24,494	24,336	17,816	21,347	3,042	-4,575	-15,649	-16,259	0	0	0
Inventories
30,417	22,446	43,106	41,134	36,566	11,685	-23,530	-9,119	11,207	33,595	49,210	45,588	21,347	-10,429	-21,557	-29,157	19,739	-6,103	-16,129	-8,635	-20,752	8,089	22,027	0	0	0
Accrued trade marketing expense
1,135	4,670	11,910	16,520	8,054	10,562	-4,771	-6,458	-10,279	-15,525	-10,534	-2,342	7	-1,427	516	2,260	4,508	10,428	7,290	26	-7,567	-9,315	-9,383	0	0	0
Accounts payable
12,263	19,007	26,772	78,951	94,267	62,523	61,016	13,938	32,227	43,986	15,050	2,700	-3,979	11,102	24,910	17,290	39,096	26,454	4,112	11,215	-12,439	-10,774	-16,333	0	0	0
Accrued liabilities
13,791	-10,362	-41,291	-40,533	-20,589	22,542	36,443	7,659	1,125	-11,471	-6,609	5,727	-5,836	-10,070	-10,620	-7,390	-13,366	-37,220	-17,052	-16,236	-13,506	-5,001	-1,432	0	0	0
Other current assets
-17,666	-6,862	-7,026	4,137	4,098	-1,604	-14,356	-8,373	-4,378	-4,290	6,352	1,066	1,659	795	1,283	-180	-2,668	-4,805	101	-721	1,570	4,556	-1,079	0	0	0
Net cash provided by operating activities
510,355	474,538	415,953	426,284	442,749	473,739	487,504	402,033	413,580	378,672	372,911	348,914	488,590	527,768	550,710	533,131	336,679	288,437	262,242	282,196	247,273	236,740	202,853	0	0	0
Cash flows from investing activities
Capital expenditures
105,204	100,859	94,226	94,942	90,218	96,362	101,050	100,367	120,496	115,384	108,477	105,016	94,925	107,585	102,967	104,017	96,442	88,219	84,055	91,205	87,403	83,016	78,279	0	0	0
Proceeds from sale of plant assets
0	1,268	1,947	1,947	1,947	679	0	0	0	0	-	-	-	-	-	-	-	-	6,853	6,853	2,345	2,345	570	0	0	0
Other investing
36,879	36,879	37,487	0	0	0	985,365	985,365	985,365	984,263	-1,102	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-142,083	-136,470	-129,766	-92,995	-88,271	-95,683	-1,086,415	-1,084,844	-1,104,243	-1,098,029	-105,757	-260,788	-249,099	-274,630	-270,012	-688,622	-678,297	-658,305	-652,366	-84,352	-85,058	-80,671	-77,709	0	0	0
Cash flows from financing activities
Proceeds from bank term loans
2,289,380	2,039,380	2,262,000	2,262,000	2,262,000	2,262,000	547,250	547,250	547,250	547,250	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from notes offerings
-	-	-	-	-	-	350,000	350,000	350,000	350,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of long-term obligations
2,633,838	2,276,188	2,491,529	2,482,505	2,479,583	2,477,207	13,741	12,373	10,926	8,896	8,870	9,057	213,029	216,787	219,967	221,627	15,435	1,730,953	1,736,146	1,738,924	2,044,652	639,481	632,025	0	0	0
Proceeds from short-term borrowings
-1,634	-1,634	0	5,013	4,482	5,063	4,452	4,308	4,155	4,321	4,261	4,672	4,694	4,760	4,757	4,890	4,916	4,931	5,078	5,486	5,414	4,586	4,294	0	0	0
Repayments of short-term borrowings
4,936	4,890	4,785	4,822	4,439	4,310	4,259	4,274	4,228	4,401	4,480	4,743	4,926	4,917	4,799	4,740	4,232	4,342	4,779	4,980	4,788	4,341	3,863	0	0	0
Repayment of capital lease obligations
9,096	8,936	7,124	6,865	6,592	4,861	3,950	3,561	3,288	4,168	3,585	2,311	2,489	2,429	2,373	3,330	3,321	3,067	2,943	3,028	3,073	3,269	3,511	0	0	0
Repurchases of equity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	191	223	440	715	878	0	0	0
Dividends paid
151,497	145,731	140,738	134,680	130,802	126,777	122,850	119,015	116,471	114,144	111,758	110,707	107,718	104,585	101,606	93,818	90,299	65,974	41,664	0	0	0	-	-	-	-
Net proceeds from issuance of common stock
8,092	9,965	15,097	16,390	19,845	31,935	26,436	25,107	16,049	1,118	1,231	1,289	1,148	924	489	624,862	624,901	625,026	624,953	0	0	0	-	-	-	-
Excess tax benefits on stock-based compensation
-	-	-	-	-	-	11,577	10,864	6,735	777	1,442	1,464	1,195	1,707	905	0	0	0	-	-	-	-	-	-	-	-
Taxes paid related to net share settlement of equity awards
8,884	10,034	10,238	10,238	8,926	1,390	1,087	1,087	1,087	27	2,401	2,401	2,401	5,435	3,061	0	0	0	-	-	-	-	-	-	-	-
Debt acquisition costs
6,569	4,272	12,937	12,937	14,239	14,112	22,564	22,564	21,262	21,262	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-418,982	-402,340	-390,254	-367,834	-353,046	-318,219	771,264	774,655	766,927	750,568	-124,160	-153,904	-355,680	-359,130	-358,023	185,593	395,930	395,689	414,380	-93,399	-68,837	-191,348	-184,111	0	0	0
Effect of exchange rate changes on cash
272	502	819	958	93	178	174	62	-276	-339	-922	-1,652	-1,289	-1,477	-937	-53	-4	121	202	67	429	161	217	0	0	0
Net change in cash and cash equivalents
-50,438	-63,770	-103,248	-33,587	1,525	60,015	172,527	91,906	75,988	30,872	142,072	-67,430	-117,478	-107,469	-78,262	30,049	54,308	25,942	24,458	104,512	93,807	-35,118	-58,750	0	0	0
Supplemental disclosures of cash flow information:
Interest paid
118,138	117,009	119,501	116,030	123,126	125,449	109,029	103,131	87,556	82,275	78,926	80,173	82,861	85,899	88,783	92,168	87,951	102,579	120,310	132,382	160,262	180,079	179,427	0	0	0
Interest received
1,516	729	153	79	69	83	145	117	84	69	145	187	228	248	121	165	154	164	141	74	54	55	110	0	0	0
Income taxes paid
54,338	56,525	57,290	60,355	60,069	37,643	31,645	20,083	20,689	7,080	18,885	20,776	21,487	15,164	7,802	5,878	4,937	4,078	3,425	3,046	2,212	2,189	1,981	0	0	0
Non-cash investing and financing activities:
New capital leases
21,066	12,203	12,116	12,312	22,379	22,836	18,014	0	0	0	-	-	-	-	1,288	1,286	-4,149	-2,356	2,030	2,029	6,461	6,216	1,548	0	0	0
Accrued additions to plant assets
28,604	27,331	26,508	23,327	27,035	30,275	27,183	27,985	16,681	21,301	23,878	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-