POOL CORPORATION POOL Cash Flow

Pool corporation (POOL)

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
30,912	18,024	79,524	131,390	32,637	16,812	69,261	117,049	31,339	25,665	48,783	94,621	22,270	2,572	44,421	85,247	16,363	2,579	39,403	77,809	8,433	-1,979	34,958	73,863	4,188	-4,975	32,332	66,533	3,440	-7,997	21,375	64,943	3,651	-10,115	24,169	58,577	-638	-11,805	22,784	52,770	-6,111
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities [Abstract]
Depreciation
7,001	7,237	7,090	6,909	6,649	6,623	6,611	6,589	6,299	6,210	6,330	6,060	5,557	5,318	5,277	5,007	4,736	4,453	4,233	3,976	3,711	3,746	3,728	3,587	3,434	3,643	3,378	3,265	3,073	3,111	2,922	2,895	2,664	2,675	2,601	2,263	2,207	2,248	2,263	2,245	2,224
Amortization
336	340	336	338	375	385	470	468	470	436	389	378	365	351	553	396	339	244	239	254	278	312	379	368	328	315	300	301	321	322	324	318	320	316	345	454	444	521	637	623	567
Share-based compensation
3,654	3,229	3,649	3,335	3,259	3,081	3,312	3,160	3,321	2,986	3,197	3,296	3,003	2,529	2,523	2,570	2,280	2,431	2,262	2,679	2,171	2,211	2,197	2,599	2,058	2,060	1,979	2,206	1,905	2,229	1,930	2,205	2,101	2,090	2,059	2,192	1,892	1,878	1,878	2,163	1,871
Excess tax benefits from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	788	3,379	423	2,780	2,790	348	830	3,738	1,383	221	2,433	1,487	244	1,180	1,484	1,703	1,953	925	471	1,138	889	208	616	1,405	3,148	-169	-307	-795
Equity earnings in unconsolidated investments, net
88	52	76	69	65	75	61	60	46	18	43	40	38	43	51	37	25	-48	68	70	121	-5	76	54	79	130	-3	37	18	129	16	27	144	24	23	150	12	222	-15	4	-106
Impairment of goodwill and other assets
6,900	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-3,715	8,647	-2,776	-2,046	-512	4,392	-1,723	-1,180	-681	1,240	1,048	-275	-1,847	4,722	-1,529	64	-2,334	1,445	-975	768	-2,107	2,701	487	-1,131	-1,851	-86	-1,439	1,595	38	416	970	-307	-941	-3,697	6,690	-1,606	-1,192	7,818	-3,759	-1,585	-2,329
Changes in operating assets and liabilities, net of effects of acquisitions:
Receivables
124,542	-82,847	-107,733	103,149	103,122	-79,540	-116,416	92,950	117,377	-68,301	-108,851	75,540	123,515	-66,270	-115,590	62,195	125,331	-62,006	-98,531	79,030	98,163	-67,140	-100,184	95,057	85,018	-55,553	-100,075	91,430	74,283	-59,619	-94,814	67,479	90,350	-50,054	-105,608	89,947	71,602	44,211	83,917	-73,205	-59,755
Product inventories
156,856	82,992	-74,207	-122,826	128,206	62,028	3,856	-92,232	168,518	44,840	-62,603	-108,122	161,668	31,674	-38,105	-104,819	119,300	63,311	-60,312	-85,284	93,133	49,671	-41,198	-75,096	97,032	62,000	-58,843	-70,652	94,786	48,876	-52,933	-59,499	72,788	46,338	-51,961	-50,563	91,525	-71,433	26,072	55,986	-26,576
Prepaid expenses and other assets
-4,633	5,449	3,600	-6,258	1,427	-875	1,957	-5,943	3,843	2,573	-866	-228	2,617	1,983	-635	-748	2,477	730	-292	60	-64	1,053	-138	153	1,197	559	-604	-2,920	2,461	3,766	5	-4,007	1,395	3,628	-660	844	-861	-	-	-	-
Accounts payable
256,874	46,642	-127,014	-132,798	230,030	33,576	-96,107	-166,321	222,285	32,405	-66,001	-195,908	234,581	31,583	-64,520	-174,874	189,915	75,991	-66,522	-138,305	138,792	81,634	-79,609	-136,610	154,675	71,648	-97,099	-98,438	137,896	35,753	-104,446	-51,584	140,530	55,944	-127,734	-55,482	133,674	41,169	-93,379	-35,451	73,244
Accrued expenses and other current liabilities
-12,855	-17,867	1,187	31,551	-11,838	-17,297	-7,743	40,050	-18,760	-20,060	-10,562	49,587	-12,209	-56,669	16,244	64,802	-5,807	-16,146	-4,680	50,068	-18,054	-20,294	-14,281	64,120	-19,066	-18,021	-13,850	54,115	-13,332	-50,498	16,127	52,935	-18,419	-14,840	-7,431	52,785	-9,832	-27,132	-3,702	50,756	-7,518
Net Cash Provided by operating activities
19,728	55,523	145,812	68,637	28,804	67,396	88,069	7,340	-44,149	63,291	153,365	-8,921	-32,424	22,208	156,927	25,996	-39,753	68,067	134,629	1,007	-57,653	84,595	88,108	-13,543	-37,345	51,242	86,824	7,008	-39,986	-5,452	91,009	67,548	-34,027	43,129	50,913	18,189	-37,128	28,717	36,527	53,999	-25,284
Investing activities
Acquisition of businesses, net of cash acquired
13,642	-12	-432	-25	9,370	2,000	0	0	578	5,955	3,583	3,296	0	416	103	19,111	100	3,881	123	160	319	1,267	4,769	100	4,512	0	56	863	325	119	151	574	3,855	2,973	324	2,637	0	-	-	-	-
Purchases of property and equipment, net of sale proceeds
8,340	6,436	7,733	12,454	6,739	3,604	3,356	9,981	14,639	1,681	3,214	15,374	19,121	3,964	4,609	12,374	13,405	7,796	5,099	7,403	8,797	2,641	2,766	6,051	5,870	4,335	3,907	5,618	4,882	2,554	4,197	2,859	6,661	2,495	4,532	6,181	6,246	1,478	1,516	1,951	3,133
Payments to fund credit agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	1,470	1,620	-83	2,315	2,560	950	0	5,350	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investments, net
-	-	-	-	-	-	-	-	-	0	-1	-1	-2	-3	-4	-6	-11	-13	-16	-116	57	-32	-37	-47	-49	-49	-47	-20	-9	-11	83	113	53	13	64	113	0	-	-	-	-
Net cash used in investing activities
-21,982	-6,424	-7,301	-12,429	-16,109	-5,604	-3,356	-9,981	-15,217	-7,636	-6,796	-18,669	-19,119	-5,410	-5,503	-28,921	-15,809	-14,224	-5,006	-4,040	-14,523	-3,876	-7,498	-6,104	-10,333	-4,286	-3,916	-6,461	-5,198	-2,662	-4,431	-3,546	-10,569	-5,481	-4,920	-8,931	-6,246	-2,779	-1,516	-6,823	-3,133
Financing activities
Proceeds from revolving line of credit
248,700	229,995	290,700	339,644	206,190	317,228	266,431	406,201	148,335	149,530	311,715	393,434	213,189	280,236	244,503	342,506	286,845	189,877	195,719	308,909	217,207	162,000	201,502	272,230	184,988	82,294	197,170	249,712	149,760	125,254	137,038	130,220	215,411	302,700	101,600	177,792	167,257	82,400	154,100	117,489	99,050
Payments on revolving line of credit
256,543	404,558	354,250	403,931	253,249	184,507	268,422	375,562	170,012	154,368	215,857	435,433	206,319	205,756	262,331	370,518	233,952	199,729	224,672	277,548	188,457	221,411	161,353	217,116	163,549	148,308	237,164	227,828	102,100	108,700	232,523	119,418	63,700	324,100	138,949	151,900	85,800	102,900	177,031	120,037	57,600
Proceeds from asset-backed financing
97,400	0	12,900	96,000	80,100	5,000	15,900	97,500	80,000	5,000	0	101,600	55,000	10,000	0	80,000	65,000	15,000	0	65,900	62,500	0	0	55,031	66,569	70,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments on asset-backed financing
17,300	46,200	82,100	40,700	13,500	51,500	78,400	40,000	20,000	47,300	77,700	1,600	18,500	36,500	87,200	2,800	0	70,200	69,800	0	16,000	12,400	80,000	3,400	10,200	18,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments on term facility
2,313	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from short-term borrowings and current portion of long-term debt
6,479	3,230	4,946	8,974	13,713	1,009	2,161	3,159	10,798	2,332	2,392	11,168	11,441	2,737	3,595	6,115	5,995	3,171	838	3,430	680	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on short-term borrowings and current portion of long-term debt
1,871	3,324	17,081	6,733	1,148	1,183	14,280	2,482	848	106	8,684	6,042	2,771	2,930	9,120	5,287	1,700	3,270	2,469	0	2,209	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of deferred and contingent acquisition consideration
-281	623	0	0	-311	926	0	0	-265	523	0	0	-199	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of deferred financing costs
12	406	0	0	0	98	0	0	8	195	909	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	145
Proceeds from long-term debt and other long-term liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on long-term debt and other long-term liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	5	5	5	5	7	100,005	4	20	36	89	12,065	12,042	36,161	-12,043
Excess tax benefits from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	788	3,379	423	2,780	2,790	348	830	3,738	1,383	221	2,433	1,487	244	1,180	1,484	1,703	1,953	925	471	1,138	889	208	616	1,405	606	169	307	795
Proceeds from stock issued under share-based compensation plans
6,358	1,532	4,439	5,532	7,071	837	3,349	1,575	7,808	2,819	1,145	1,353	6,149	774	5,279	765	4,934	7,363	2,534	2,143	6,229	5,440	1,755	1,104	5,231	2,369	5,551	7,051	6,438	7,025	5,301	3,701	4,178	3,579	1,680	3,314	4,512	1,576	1,545	819	2,353
Payments of cash dividends
22,147	22,020	21,999	21,934	17,819	18,059	18,177	18,183	15,011	14,864	15,057	15,309	12,799	12,742	13,050	13,030	10,927	11,109	11,153	11,248	9,607	9,525	9,665	9,841	8,569	8,688	8,812	8,874	7,434	7,466	7,446	7,555	6,668	6,672	6,724	6,753	6,321	6,438	6,450	6,440	6,418
Purchases of treasury stock
66,619	0	91	0	23,097	148,563	30	36,284	2,592	4,426	132,908	5,947	2,725	60,513	37,423	14,618	65,860	8,913	27,605	54,308	8,393	1,311	46,410	60,577	28,168	43,152	42,590	6,608	3,829	26,673	11,222	41,497	2,369	13,722	19,117	7,772	35,953	12,149	0	1	1,533
Net cash used in financing activities
-8,149	-56,752	-162,536	-23,148	-2,050	-80,232	-91,468	35,924	38,205	-61,703	-135,863	40,651	42,466	-23,975	-152,368	23,556	53,115	-75,340	-136,260	38,108	65,688	-77,300	-92,336	39,864	47,789	-63,531	-85,419	14,932	44,533	-8,612	-107,932	-34,085	47,985	-39,004	-61,322	14,761	45,011	-49,470	-39,709	-20,438	24,459
Effect of exchange rate changes on cash and cash equivalents
-372	-457	24	-947	1,578	-895	281	81	24	-410	-974	196	530	-1,159	685	-45	-825	5,230	-2,803	-1,179	-3,294	-3,044	-1,382	89	-860	359	-203	-1,416	1,061	371	-139	-287	-195	-1,813	-1,233	1,779	62	692	274	-1,247	-391
Change in cash and cash equivalents
-10,775	-8,110	-24,001	32,113	12,223	-19,335	-6,474	33,364	-21,137	-6,458	9,732	13,257	-8,547	-8,336	-259	20,586	-3,272	-16,267	-9,440	33,896	-9,782	375	-13,108	20,306	-749	-16,216	-2,714	14,063	410	-16,355	-21,493	29,630	3,194	-3,169	-16,562	25,798	1,699	-22,840	-4,424	25,491	-4,349