Primo water corp (PRMW)
CashFlow / Quarterly
Sep'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'11
Cash flows from operating activities:
Net income (loss)

2,623

873

-1,272

1,730

-58,238

451

1,210

3,032

4,946

-2,475

-11,862

-11,697

2,455

2,265

1,031

44

1,324

726

-237

-3,526

218

-6,406

-3,753

-3,756

-2,085

-2,272

-2,593

-77,024

-3,835

-26,306

-3,864

-6,993

-3,297

-1,975

-2,114

Less: Loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-5

-18

-14

-11

-209

-18

-31

-38

-2

-48

-234

-119

-990

-512

-135

-225

-3,022

-1,370

-12,657

-730

-

-

-

-

Loss from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-11,692

2,473

2,279

1,042

253

1,342

757

-199

-3,524

266

-6,172

-3,634

-2,766

-1,573

-2,137

-2,368

-74,002

-2,465

-13,649

-3,134

-

-

-

-

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

7,654

7,295

6,550

6,197

6,194

6,114

6,057

7,127

6,360

6,820

6,391

3,316

2,396

2,421

2,408

3,008

2,371

2,468

2,585

2,561

2,593

2,757

2,744

2,754

3,050

2,764

2,765

3,173

2,898

2,635

2,396

2,457

2,246

2,259

1,901

Impairment charges and other

218

-252

-75

-213

-67,940

-111

-133

9

72

12

6

-179

-158

-219

-193

-83

-266

-87

-64

-1,023

-57

-890

-134

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

986

1,018

1,475

973

31

1,387

1,292

1,150

933

1,343

2,335

6,419

510

486

560

750

676

540

635

2,659

467

608

289

215

196

298

325

209

256

376

411

326

231

239

188

Non-cash interest expense

835

74

96

92

102

2,465

-20

-18

-17

7

-41

346

28

27

28

27

28

27

28

32

23

2,415

306

280

272

305

305

294

273

760

675

613

155

162

94

Change in fair value of warrant liability

-

-

-

-

-

-

-

0

0

0

3,220

-240

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bad debt expense

25

26

27

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

264

-34

-69

-19

214

147

75

Deferred income tax benefit

0

0

0

0

-2,411

-4,771

-1,725

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax (benefit) expense

-

-

-

-

-

-

-

-

450

187

186

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-1

-1

-1,486

527

452

167

152

190

Issuance of DS Services' common stock warrant

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

589

0

0

0

0

-

-

-

-

-

-

-

-

Realized foreign currency exchange (gain) loss and other, net

164

157

43

38

61

71

-470

54

15

31

-35

-271

-28

11

161

-29

-206

43

-195

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-19

131

50

-

-54

-93

94

-396

87

37

9

334

-4

239

-294

Changes in operating assets and liabilities:
Accounts receivable

2,460

3,360

2,066

-3,768

659

204

4,861

-3,844

4,635

4,364

-519

-4,898

-28

1,579

3,129

811

112

-481

1,861

154

-1,368

2,356

86

-512

-1,609

289

-632

-3,284

-608

2,214

-575

208

980

3,407

2,096

Inventories

-1,855

76

3,686

386

1,793

1,994

-356

-365

-950

-910

2,211

-1,754

-54

3,527

-2,237

-1,228

-369

2,877

-974

-696

-248

1,793

-321

-490

194

909

-1,818

1,626

24

1,082

-1,475

-3,729

2,274

2,755

1,334

Prepaid expenses and other current assets

400

-1,357

1,142

2,544

-508

-667

1,793

-424

369

-135

722

861

-69

-406

743

-459

144

-624

284

-177

-147

-42

276

97

172

167

-128

-497

-917

965

549

129

46

577

295

Accounts payable

2,208

1,933

691

-1,222

1,275

989

4,259

-2,398

-75

5,068

2,618

-1,377

-3,612

4,274

1,031

-1,281

-3,693

4,453

101

1,417

-7,038

3,974

3,946

-4,307

793

2,634

443

-2,156

-476

4,021

-446

-5,771

723

4,265

5,657

Accrued expenses and other current liabilities

113

528

-1,645

663

-283

399

-912

-1,394

-2,881

-2,740

-415

2,049

1,377

76

-751

-166

149

117

-355

303

-45

347

164

671

-764

-913

36

796

1,166

440

-800

-2,429

-542

414

-140

Net cash provided by operating activities

14,205

9,805

-940

8,888

13,628

5,713

4,466

6,924

5,647

4,956

47

5,080

3,509

5,071

2,715

3,579

1,458

6,634

1,883

5,290

-1,895

581

4,447

-2,444

3,332

1,755

3,990

1,228

3,329

253

1,052

-7,040

-2,236

-1,315

2,420

Cash flows from investing activities:
Purchases of property and equipment, net

6,055

5,492

6,937

6,182

5,992

4,718

3,490

3,578

4,345

4,623

4,466

2,462

1,974

2,485

2,938

1,653

1,019

1,208

1,474

1,632

964

1,352

1,501

1,048

1,815

1,243

687

917

1,272

808

1,041

2,668

6,269

5,667

2,239

Purchases of bottles, net of disposals

-1,547

-1,020

-747

-1,520

-479

-842

-275

-1,468

-747

-717

-656

-728

-604

-758

-571

-619

-508

-655

-706

-480

-129

-662

-1,202

-603

-577

-618

-709

-608

-624

-275

216

-582

-646

-1,703

564

Proceeds from the sale of property and equipment

-

-

-

-

-

96

58

42

140

16

11

0

24

5

3

50

44

9

5

155

448

83

41

36

0

1

1

39

25

11

6

7

0

0

18

Acquisitions, net cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-2,000

2,000

1,576

Additions to intangible assets

4

17

8

-887

963

4

8

-50

13

24

76

6

13

20

16

4

8

1

3

3

18

5

7

2

5

13

25

-25

181

460

47

220

59

52

108

Net cash used in investing activities

-13,163

-6,000

-7,692

-7,684

-4,732

-1,820

-3,715

-5,019

-4,965

-5,348

-5,187

-153,936

-2,567

-3,258

-3,522

-2,226

-1,491

-1,855

-2,178

-1,960

-663

-1,936

-2,669

-1,617

-2,397

-1,873

-1,420

-1,461

-2,052

-1,532

-866

-3,463

-4,974

-8,294

-4,469

Cash flows from financing activities:
Borrowings under Revolving Credit Facilities

15,000

9,800

19,200

-

0

17,000

12,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments under Revolving Credit Facilities

-

10,300

8,600

-

-

15,500

6,500

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments under prior Revolving Credit Facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,100

-

8,500

8,300

6,800

11,300

6,000

8,243

21,955

21,168

26,406

25,506

21,987

21,191

12,448

19,638

340

0

0

-1,302

1,302

Borrowings under Term loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

20,000

2,500

2,500

0

3,000

0

-

-

-

-

-

-

-

-

Payments under Term loans

2,375

2,375

2,375

-181,765

2,375

183,675

465

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments under prior Term loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease payments

1,033

735

451

-

372

400

418

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital lease payments

-

-

-

-

-

-

-

70

630

210

872

134

44

69

74

48

86

42

27

34

38

49

26

4

3

4

4

3

4

3

4

5

5

2

3

Proceeds from warrant exercises, net

0

0

68

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock option and employee stock purchase activity

-236

-487

-39

-238

-267

-1,298

-24

-4,351

-202

3

3,287

-1,384

-155

-174

1,351

-85

-35

-12

-27

-79

-69

-64

14

883

-66

-28

12

-24

0

-23

8

-40

0

-352

0

Bank overdraft

-

-619

1,651

-

-

-

2,695

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for taxes related to net share settlement of equity awards

15

37

3,957

4

2,652

34

8,327

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs and other

-

-

33

-

-

-

-

-

-

-

-

3,926

256

0

0

-

-

-

6

15

20

527

78

-819

143

535

11

154

13

1,538

498

296

107

410

0

Net cash used in financing activities

-3,319

-3,746

5,542

504

-9,499

-2,998

-991

-563

-905

-1,392

-4,159

162,159

-145

-1,395

75

-963

-1,051

-2,724

694

-3,470

2,911

590

-764

4,337

-792

-604

-2,059

97

1,849

3,462

-350

12,738

1,335

18,856

2,667

Cash (used) provided by discontinued operations from:
Operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

743

-510

-373

-3,239

-1,446

-168

-

-

-

-

Cash used in operating activities of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-16

-37

-20

-32

-25

-37

-36

-56

-28

-44

-91

-96

-133

-44

743

-510

-287

-3,373

-1,707

-168

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

21

-5

12

-37

11

-3

-16

-6

-29

-30

29

-3

-15

16

81

-104

-117

-3

-51

-44

-29

-13

-16

-57

-12

-15

-20

25

-4

28

-40

85

-140

-3

12

Net (decrease) increase in cash and cash equivalents

-2,256

54

-3,078

1,671

-592

892

-256

1,336

-252

-1,814

-9,270

13,284

745

414

-683

261

-1,238

2,016

292

-212

280

-869

902

86

285

-722

511

-136

3,126

2,183

-164

2,235

-5,875

9,247

618

Prior Revolving Credit Facility [Member]
Borrowings under Revolving Credit Facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,600

-

7,500

5,600

7,500

7,800

8,900

12,844

18,809

23,073

25,694

22,413

19,955

21,698

14,348

9,648

500

0

0

-3,972

3,972