Primo water corp (PRMW)
CashFlow / TTM
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)

3,954

-56,907

-57,329

-54,847

-53,545

9,639

6,713

-6,359

-21,088

-23,579

-18,839

-5,946

5,795

4,664

3,125

1,857

-1,713

-2,819

-9,951

-13,467

-13,697

-16,000

-11,866

-10,706

-83,974

-85,724

-109,758

-111,029

-40,998

-40,460

-16,129

-14,379

0

0

0

Less: Loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-48

-252

-252

-269

-296

-89

-119

-322

-403

-1,391

-1,855

-1,756

-1,862

-3,894

-4,752

-17,274

-17,779

0

0

0

-

-

-

-

Loss from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-5,898

6,047

4,916

3,394

2,153

-1,624

-2,700

-9,629

-13,064

-12,306

-14,145

-10,110

-8,844

-80,080

-80,972

-92,484

-93,250

0

0

0

-

-

-

-

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

27,696

26,236

25,055

24,562

25,492

25,658

26,364

26,698

22,887

18,923

14,524

10,541

10,233

10,208

10,255

10,432

9,985

10,207

10,496

10,655

10,848

11,305

11,312

11,333

11,752

11,600

11,471

11,102

10,386

9,734

9,358

8,863

0

0

0

Impairment charges and other

-322

-68,480

-68,339

-68,397

-68,175

-163

-40

99

-89

-319

-550

-749

-653

-761

-629

-500

-1,440

-1,231

-2,034

-2,104

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

4,452

3,497

3,866

3,683

3,860

4,762

4,718

5,761

11,030

10,607

9,750

7,975

2,306

2,472

2,526

2,601

4,510

4,301

4,369

4,023

1,579

1,308

998

1,034

1,028

1,088

1,166

1,252

1,369

1,344

1,207

984

0

0

0

Non-cash interest expense

1,097

364

2,755

2,639

2,529

2,410

-48

-69

295

340

360

429

110

110

110

110

115

110

2,498

2,776

3,024

3,273

1,163

1,162

1,176

1,177

1,632

2,002

2,321

2,203

1,605

1,024

0

0

0

Change in fair value of warrant liability

-

-

-

-

-

-

-

3,220

2,980

2,980

2,980

-240

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bad debt expense

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

142

92

273

417

0

0

0

Deferred income tax benefit

0

-2,411

-7,182

-8,907

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax (benefit) expense

-

-

-

-

-

-

-

-

0

0

186

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-961

-508

-340

1,298

961

0

0

0

Issuance of DS Services' common stock warrant

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

589

589

589

589

0

0

0

0

-

-

-

-

-

-

-

-

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

402

299

213

-300

-284

-330

-370

65

-260

-303

-323

-127

115

-63

-31

-387

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-449

-308

-178

-263

467

376

578

275

0

0

0

Changes in operating assets and liabilities:
Accounts receivable

4,118

2,317

-839

1,956

1,880

5,856

10,016

4,636

3,582

-1,081

-3,866

-218

5,491

5,631

3,571

2,303

1,646

166

3,003

1,228

562

321

-1,746

-2,464

-5,236

-4,235

-2,310

-2,253

1,239

2,827

4,020

6,691

0

0

0

Inventories

2,293

5,941

7,859

3,817

3,066

323

-2,581

-14

-1,403

-507

3,930

-518

8

-307

-957

306

838

959

-125

528

734

1,176

292

-1,205

911

741

914

1,257

-4,098

-1,848

-175

2,634

0

0

0

Prepaid expenses and other current assets

2,729

1,821

2,511

3,162

194

1,071

1,603

532

1,817

1,379

1,108

1,129

-191

22

-196

-655

-373

-664

-82

-90

184

503

712

308

-286

-1,375

-577

100

726

1,689

1,301

1,047

0

0

0

Accounts payable

3,610

2,677

1,733

5,301

4,125

2,775

6,854

5,213

6,234

2,697

1,903

316

412

331

510

-420

2,278

-1,067

-1,546

2,299

-3,425

4,406

3,066

-437

1,714

445

1,832

943

-2,672

-1,473

-1,229

4,874

0

0

0

Accrued expenses and other current liabilities

-341

-737

-866

-133

-2,190

-4,788

-7,927

-7,430

-3,987

271

3,087

2,751

536

-692

-651

-255

214

20

250

769

1,137

418

-842

-970

-845

1,085

2,438

1,602

-1,623

-3,331

-3,357

-2,697

0

0

0

Net cash provided by operating activities

31,958

31,381

27,289

32,695

30,731

22,750

21,993

17,574

15,730

13,592

13,707

16,375

14,874

12,823

14,386

13,554

15,265

11,912

5,859

8,423

689

5,916

7,090

6,633

10,305

10,302

8,800

5,862

-2,406

-7,971

-9,539

-8,171

0

0

0

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

24,666

24,603

23,829

20,382

17,778

16,131

16,036

17,012

15,896

13,525

11,387

9,859

9,050

8,095

6,818

5,354

5,333

5,278

5,422

5,449

4,865

5,716

5,607

4,793

4,662

4,119

3,684

4,038

5,789

10,786

15,645

16,843

0

0

0

Purchases of bottles, net of disposals

-4,834

-3,766

-3,588

-3,116

-3,064

-3,332

-3,207

-3,588

-2,848

-2,705

-2,746

-2,661

-2,552

-2,456

-2,353

-2,488

-2,349

-1,970

-1,977

-2,473

-2,596

-3,044

-3,000

-2,507

-2,512

-2,559

-2,216

-1,291

-1,265

-1,287

-2,715

-2,367

0

0

0

Proceeds from the sale of property and equipment

-

-

-

-

-

336

256

209

167

51

40

32

82

102

106

108

213

617

691

727

608

160

78

38

41

66

76

81

49

24

13

25

0

0

0

Acquisitions, net cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,576

0

0

0

Additions to intangible assets

-858

101

88

88

925

-25

-5

63

119

119

115

55

53

48

29

16

15

25

29

33

32

19

27

45

18

194

641

663

908

786

378

439

0

0

0

Net cash used in investing activities

-34,539

-26,108

-21,928

-17,951

-15,286

-15,519

-19,047

-20,519

-169,436

-167,038

-164,948

-163,283

-11,573

-10,497

-9,094

-7,750

-7,484

-6,656

-6,737

-7,228

-6,885

-8,619

-8,556

-7,307

-7,151

-6,806

-6,465

-5,911

-7,913

-10,835

-17,597

-21,200

0

0

0

Cash flows from financing activities:
Borrowings under Revolving Credit Facilities

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments under Revolving Credit Facilities

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments under prior Revolving Credit Facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31,300

-

34,900

32,400

32,343

47,498

57,366

77,772

95,035

95,067

95,090

81,132

75,264

53,617

32,426

19,978

-962

0

0

0

0

Borrowings under Term loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,500

25,000

25,000

8,000

5,500

0

0

0

-

-

-

-

-

-

-

-

Payments under Term loans

-174,640

-174,640

6,660

4,750

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments under prior Term loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Finance lease payments

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital lease payments

-

-

-

-

-

-

-

1,782

1,846

1,260

1,119

321

235

277

250

203

189

141

148

147

117

82

37

15

14

15

14

14

16

17

16

15

0

0

0

Proceeds from warrant exercises, net

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock option and employee stock purchase activity

-1,000

-1,031

-1,842

-1,827

-5,940

-5,875

-4,574

-1,263

1,704

1,751

1,574

-362

937

1,057

1,219

-159

-153

-187

-239

-198

764

767

803

801

-106

-40

-35

-39

-55

-55

-384

-392

0

0

0

Bank overdraft

-

0

0

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for taxes related to net share settlement of equity awards

4,013

6,650

6,647

11,017

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs and other

-

-

0

-

-

-

-

-

-

-

-

4,182

0

0

0

-

-

-

568

640

-194

-71

-63

-130

843

713

1,716

2,203

2,345

2,439

1,311

813

0

0

0

Net cash used in financing activities

-1,019

-7,199

-6,451

-12,984

-14,051

-5,457

-3,851

-7,019

155,703

156,463

156,460

160,694

-2,428

-3,334

-4,663

-4,044

-6,551

-2,589

725

-733

7,074

3,371

2,177

882

-3,358

-717

3,349

5,058

17,699

17,185

32,579

35,596

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,379

-5,568

-5,226

0

0

0

-

-

-

-

Cash used in operating activities of discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-105

-114

-114

-130

-154

-157

-164

-219

-259

-364

-364

470

56

-98

-3,427

-5,877

-5,535

0

0

0

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

-9

-19

-17

-45

-14

-54

-81

-36

-33

-19

27

79

-22

-124

-143

-275

-215

-127

-137

-102

-115

-98

-100

-104

-22

-14

29

9

69

-67

-98

-46

0

0

0

Net (decrease) increase in cash and cash equivalents

-3,609

-1,945

-1,107

1,715

1,380

1,720

-986

-10,000

1,948

2,945

5,173

13,760

737

-1,246

356

1,331

858

2,376

-509

101

399

404

551

160

-62

2,779

5,684

5,009

7,380

-1,621

5,443

6,225

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

28,100

-

28,400

29,800

37,044

48,353

63,626

80,420

89,989

91,135

89,760

78,414

65,649

46,194

24,496

10,148

-3,472

0

0

0

0