POLYONE CORP POL Cash Flow

Polyone corp (POL)

CashFlow / Quarterly

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
Operating Activities
Net income
32,800	465,300	43,100	42,100	38,300	11,200	50,200	51,200	46,900	38,100	38,800	-181,400	46,900	33,700	42,300	50,000	39,000	3,000	44,500	67,000	30,200	-15,000	32,700	31,500	29,200	24,200	22,800	180,600	15,100	3,000	24,000	24,600	20,200	12,300	21,600	28,500	110,200	89,900	3,600	48,100	21,000
Adjustments to reconcile net income to net cash used by operating activities:
Depreciation and amortization
19,900	19,100	21,500	23,600	23,300	19,500	24,000	22,600	22,400	21,700	23,100	26,500	26,100	25,800	25,500	24,900	24,300	24,300	24,000	24,800	25,000	24,800	3,800	39,400	32,800	21,000	30,300	25,900	19,900	17,000	17,200	17,900	17,700	15,100	14,000	14,300	14,100	13,700	13,700	13,800	14,000
Accelerated depreciation and fixed asset charges associated with restructuring activities
-	-	-	-	-	-	-	-	-	0	0	500	400	800	500	1,300	2,800	1,500	9,600	1,100	5,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-31,900	-1,300	10,100	26,700	-	-	-	-
Provision for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	0	0	-	-100	100	200	-	500	0	0	-400	0	100	600	200	600	300	900	500	-400	1,200	1,200
Debt extinguishment costs
-	-	-	-	-	-	-	-	-	0	0	0	-300	0	0	-400	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation expense
2,100	3,600	3,000	3,200	2,500	2,600	2,800	2,800	2,700	2,200	2,300	3,300	2,400	1,900	2,200	2,100	2,200	3,100	1,800	2,300	1,900	2,800	1,300	6,300	3,800	3,300	3,100	3,100	7,000	2,600	2,800	3,000	2,000	1,400	1,400	1,400	1,200	1,200	1,100	1,200	900
Income related to previously owned equity affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,100	0	0	133,900	22,200	10,500	7,800	1,500
Dividends and distributions received
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,600	10,100	900	600
Changes in assets and liabilities, net of the effect of acquisitions:
Increase in accounts receivable
56,900	-42,400	-33,400	-6,900	53,000	-59,300	-16,400	4,600	82,400	-38,900	-14,900	11,800	86,700	-49,800	-16,900	4,800	79,500	-61,100	-22,300	-15,000	55,800	-62,300	-36,100	-7,700	81,700	-77,700	-19,800	-5,600	76,200	-55,400	-30,900	4,900	80,200	-76,900	-21,400	12,900	78,100	-57,800	-22,200	28,900	71,300
Increase in inventories
13,000	-20,200	-10,400	-21,600	12,000	10,500	15,600	1,500	-17,000	19,400	3,900	-4,600	22,400	-11,200	6,100	-9,000	13,300	-2,500	-13,700	2,200	-7,400	1,900	-6,900	-17,500	-5,900	1,100	-25,400	15,300	-11,400	-11,300	-2,200	9,000	7,500	-29,900	-11,800	16,300	17,400	-24,400	2,800	24,700	24,300
Increase in accounts payable
44,600	5,600	-20,100	-9,400	1,200	-20,500	-5,600	17,400	16,600	9,200	3,500	1,000	38,500	-17,700	8,500	-8,300	29,900	-23,300	-20,500	13,300	22,200	-41,500	-9,600	-7,300	43,200	-13,800	-18,300	-33,700	49,200	-13,500	-29,200	-1,500	61,000	-48,000	-29,400	21,800	66,800	-36,500	-27,200	25,100	75,200
Decrease in pension and other post-retirement benefits
-3,200	-12,700	-3,000	-2,100	-1,900	12,500	-2,700	-2,700	-2,300	800	-3,700	-3,400	-3,300	-11,900	-4,200	-3,400	-23,700	7,500	-4,200	-3,900	-24,000	54,300	-3,200	-2,700	-18,400	-47,600	-11,200	-11,000	-54,700	-11,100	-12,300	-12,800	-5,500	-	-	-	-	-	-	-	-
Increase in post-acquisition earnout liabilities
1,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in accrued expenses and other assets and liabilities, net
-19,100	-16,800	10,900	38,200	-23,100	8,800	-7,500	-3,100	5,800	2,100	-6,400	1,900	-25,900	-9,000	-7,700	6,900	-5,200	43,100	-22,600	300	-70,100	29,100	-5,400	27,000	-89,900	51,000	-57,100	134,700	-73,800	-34,300	19,000	35,000	-28,400	-46,600	500	1,800	-29,900	2,100	11,300	23,700	-13,000
Payment of post-acquisition date earnout liability
21,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used by operating activities
-12,800	102,200	99,200	124,100	-24,700	82,800	62,000	82,200	26,700	91,200	67,500	67,400	-23,700	95,100	77,900	78,100	-23,500	111,700	68,700	117,700	-57,800	76,600	88,000	118,700	-74,900	113,800	20,400	66,300	-91,500	20,000	54,600	52,400	-20,100	53,300	28,100	30,500	-39,400	58,400	41,200	38,400	2,800
Investing Activities
Capital expenditures
11,100	33,800	21,400	16,600	9,900	24,800	19,700	18,600	12,900	27,600	17,900	18,600	15,500	26,200	18,400	20,000	19,600	29,600	22,500	24,000	15,100	32,100	22,700	20,500	17,500	34,600	15,100	13,800	12,900	24,400	16,300	8,800	7,900	22,000	11,600	12,800	7,700	20,600	8,000	6,600	4,300
Business acquisitions, net of cash acquired
0	0	0	0	119,600	0	0	25,600	73,000	0	25,900	117,000	20,900	5,900	85,500	0	72,800	18,300	0	0	0	-	-	-	-	0	0	-500	259,900	33,800	0	0	0	486,600	0	1,800	20,000	-	-	-	-
Net proceeds from divestiture
5,200	756,500	1,400	3,900	1,600	-3,900	3,900	0	0	-12,000	113,200	8,900	900	3,200	800	9,000	0	1,100	0	800	1,100	0	900	500	26,800	1,000	600	250,000	24,100	0	0	0	18,900	400	3,800	3,000	132,800	33,300	0	0	7,800
Net cash provided (used) by investing activities
1,200	774,100	-20,000	-14,300	-127,900	-24,400	-15,800	-44,200	-85,900	-26,600	69,400	-126,700	-35,500	-28,900	-103,100	-11,000	-92,400	-46,800	-22,500	-23,200	-14,000	-79,300	-21,800	-20,000	9,300	-33,600	-14,500	236,700	-248,700	-58,200	-16,300	-8,800	11,000	-508,200	-7,800	-11,600	105,100	9,400	-8,000	-6,600	3,500
Financing Activities
Borrowings under credit facilities
0	81,000	275,000	232,700	374,700	317,600	282,500	266,200	286,600	361,700	411,600	410,800	288,800	226,000	334,700	249,300	221,900	109,600	266,100	240,900	274,700	146,900	800	0	20,900	2,800	1,200	83,300	41,700	800	0	0	0	-	-	-	-	-	-	-	-
Repayments under credit facilities
0	275,400	259,600	279,700	269,200	292,800	261,600	286,800	249,100	403,700	458,300	306,600	248,400	226,300	335,000	296,800	174,600	231,100	224,500	293,800	187,400	101,900	0	0	20,900	0	0	107,500	10,000	0	0	0	0	-	-	-	-	-	-	-	-
Purchase of common shares for treasury
13,600	0	0	26,900	0	70,000	7,700	3,100	42,200	0	36,400	0	34,300	35,500	11,100	0	39,600	38,300	75,000	23,200	19,600	58,200	55,100	68,900	51,000	35,900	24,500	50,400	20,800	0	0	14,500	1,400	21,000	24,600	14,400	13,600	-	-	-	-
Exercise of share awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	400	3,800	100	500	900	5,400	2,100	1,900	400	2,900	3,400	5,300	700	5,700	500	2,500	2,800	1,100	3,500	2,300	900	700
Cash dividends paid
15,600	14,600	15,000	15,100	15,600	14,000	13,900	14,000	14,200	10,900	11,000	10,900	11,300	10,100	9,400	10,300	10,400	8,900	8,900	8,900	9,000	7,400	7,400	7,500	7,600	5,800	5,800	5,400	4,500	4,400	4,500	4,400	3,600	-	-	-	-	-	-	-	-
Change in short-term and current portion of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200
Repayment of long-term debt
2,000	1,600	1,600	1,700	1,600	1,600	1,600	1,700	1,600	1,600	1,600	1,700	1,600	1,600	1,600	1,400	1,400	365,300	0	0	0	0	0	0	8,000	1,600	44,700	0	297,000	700	800	700	800	-62,900	0	0	20,000	1,100	296,000	0	20,000
Payments of withholding tax on share awards
1,300	100	100	600	1,300	200	1,500	800	1,600	1,800	200	400	2,300	400	300	-700	5,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from equity offering, net of underwriting discount and issuance costs
496,300	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of acquisition date earnout liability
32,900	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt financing costs
-	-	-	-	-	-	-	-	-	100	600	0	1,900	100	1,300	600	0	-	-	-	-	-	-	-	-	0	0	0	13,000	0	0	0	0	-	-	-	-	-	-	-	-
Net proceeds from long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	600,000	0	0	0	0	-	-	-	-	-	-	-	-
Premium on early extinguishment of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,400	-5,200	0	-10,600	-	0	0	0	-	-	-	-	-	-	-	-
Proceeds from noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,400	-	-	-	-	-	-	-	-
Net cash provided by financing activities
430,900	-212,500	-1,300	-91,500	87,000	-65,100	-20,200	-40,700	-22,100	-56,400	-96,500	91,200	-11,000	-48,000	76,000	-59,100	-9,200	-19,200	-42,200	-84,600	62,500	-20,500	-61,200	-75,500	-61,200	-38,400	-76,500	-79,600	299,300	-900	0	-18,900	2,300	237,600	-25,800	-15,400	-32,500	2,300	31,800	700	-19,100
Effect of exchange rate changes on cash
-3,800	1,300	-3,800	-1,100	3,000	-3,200	-3,800	-4,200	3,200	1,900	2,000	1,500	1,200	-3,700	0	-2,000	700	-1,600	-5,100	500	-2,900	-1,800	-2,900	0	-100	600	1,000	100	-200	400	1,100	-1,700	1,200	-600	-1,500	900	1,100	100	1,800	-900	-400
Increase (decrease) in cash and cash equivalents
415,500	665,100	74,100	17,200	-62,600	-9,900	22,200	-6,900	-78,100	10,100	42,400	33,400	-69,000	14,500	50,800	6,000	-124,400	44,100	-1,100	10,400	-12,200	-25,000	2,100	23,200	-126,900	42,400	-69,600	223,500	-41,100	-38,700	39,400	23,000	-5,600	-217,900	-7,000	4,400	34,300	70,200	66,800	31,600	-13,200