Quad/Graphics, Inc. QUAD Cash Flow

Quad/graphics, inc. (QUAD)

CashFlow / TTM

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
Net loss
-145,900	-156,300	-184,500	-35,600	-11,400	7,900	83,800	81,100	78,300	107,200	89,400	80,900	66,500	44,900	-2,000	-565,500	-602,900	-641,900	-606,700	-30,100	-7,800	18,300	52,500	40,700	35,900	30,900	-8,400	18,700	25,500	87,100	59,600	-2,400	8,200	-46,600	0	0	0
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	0	230,000	-	235,200	238,600	257,700	277,100	297,000	316,300	322,100	325,300	328,700	332,000	333,900	336,400	335,200	332,900	335,500	340,500	344,700	346,000	342,800	338,600	342,000	344,100	347,100	353,000	0	0	0
Employee stock ownership plan contribution
0	0	0	0	0	22,300	22,300	22,300	22,300	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment charges
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,600	14,400	9,500	15,200	19,200	21,800	27,000	18,600	18,300	23,000	24,300	41,800	36,100	27,700	0	0	0
Impairment charges
-	-	-	-	-	-	-	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	808,300	798,300	23,300	23,300	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt issuance costs and original issue discount
3,100	3,600	3,900	4,100	3,700	3,500	3,400	3,400	3,500	3,500	3,700	3,800	4,000	4,200	4,300	4,400	4,300	4,400	4,300	4,300	4,300	4,200	4,200	4,100	4,200	4,100	4,200	4,300	4,400	4,500	4,700	5,300	6,400	8,600	0	0	0
(Gain) loss on debt extinguishment
-14,000	-30,500	-30,500	-15,900	-15,900	0	0	0	0	-2,600	-2,600	-2,600	-2,600	14,100	14,100	14,100	14,100	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
11,400	13,600	14,900	14,200	15,200	15,600	15,700	15,800	15,800	16,400	16,200	16,700	16,000	15,200	15,200	9,500	9,700	7,200	8,100	14,600	15,800	17,300	18,300	17,900	17,600	18,600	16,700	15,800	15,000	13,400	18,400	17,200	15,900	14,900	0	0	0
Gain from property insurance claims
0	800	800	800	1,900	18,300	18,300	18,300	22,200	5,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on the sale of a business
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposal of discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	34,000	35,300	35,300	35,300	0	0	0	0
Gain on the sale or disposal of property, plant and equipment
4,400	6,600	13,700	21,200	18,600	17,800	10,300	1,900	5,400	6,900	10,300	9,800	11,300	9,000	8,000	10,100	5,500	4,100	0	0	0	-	-	-	-	800	1,900	200	1,800	600	-900	400	300	700	0	0	0
Deferred income taxes
-33,800	-57,100	-72,300	-36,800	-26,100	-14,500	-38,500	-27,800	-24,800	-22,500	-7,300	-18,700	-20,700	-26,600	-40,000	-283,900	-290,500	-292,500	-240,000	31,600	25,800	26,800	600	-16,000	-6,800	-11,100	6,300	1,900	-8,100	-13,600	9,700	1,600	12,700	36,500	0	0	0
Equity in loss of unconsolidated entity
-200	-300	-600	-300	600	1,000	1,500	1,300	1,000	0	100	100	-1,200	-1,400	-2,500	-5,200	-5,300	-6,300	-4,000	-2,300	-4,200	-2,700	-5,300	-4,800	-3,100	-2,500	-400	500	1,400	2,300	2,100	2,300	3,400	3,100	0	0	0
Dividends from unconsolidated entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,000	5,000	5,500	5,500	500	3,300	5,900	7,200	7,500	0	0	0
Changes in operating assets and liabilities—net of acquisitions:
Changes in operating assets and liabilities—net of acquisitions
-73,900	18,800	-83,300	-26,600	50,400	14,300	147,300	97,600	77,100	39,800	125,100	143,900	92,600	36,700	-6,700	-25,800	6,300	43,900	-103,600	20,700	46,000	78,200	236,500	203,500	157,600	72,700	94,500	38,600	64,300	90,200	-77,800	-65,500	-66,500	10,600	0	0	0
Net cash provided by (used in) operating activities
258,800	155,500	218,100	236,400	199,800	260,600	210,900	272,300	282,900	344,000	273,300	246,200	304,300	353,600	428,900	444,300	396,500	348,100	397,600	337,700	324,400	293,200	296,500	303,100	352,700	441,100	341,400	400,600	365,000	354,200	440,400	424,900	445,000	371,100	0	0	0
INVESTING ACTIVITIES
Payments to Acquire Property, Plant, and Equipment
94,700	111,000	109,800	117,100	117,400	96,300	109,300	96,900	86,700	85,900	110,000	108,300	103,300	106,100	79,500	90,300	116,900	133,000	137,300	138,900	135,700	139,200	145,000	163,400	167,000	149,500	135,800	119,000	110,200	103,500	119,300	124,000	149,400	168,300	0	0	0
Cost investment in unconsolidated entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,200	1,200	1,200	1,200	4,100	4,100	4,100	6,300	2,500	2,500	2,500	300	18,100	18,100	18,100	18,100	0	0	0	0
Proceeds from the sale of property, plant and equipment
13,300	17,500	27,700	38,500	36,200	32,700	23,300	11,000	17,400	23,900	37,400	36,900	34,200	25,900	35,800	37,500	31,600	29,200	10,800	8,900	6,700	6,800	3,200	3,000	3,600	8,800	16,400	19,700	26,500	23,500	16,500	17,800	18,200	16,000	0	0	0
Proceeds from the sale of investments
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from property insurance claims
0	300	300	300	1,400	14,500	17,500	17,500	18,400	8,000	5,000	5,000	3,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfers from restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-24,800	-14,600	-7,600	-400	-4,500	-6,200	-8,300	-12,100	-15,400	-16,100	-18,700	-22,500	-24,600	0	0	0
Loan to an unconsolidated entity
-	-	-	-	-	-	-	-	-	7,300	5,000	5,000	5,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deposit refunded (paid) related to business exchange transaction (Note 3)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50,800	0	0	0
Deposit refunded related to business exchange transaction (Note 4)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Purchase price payments on business exchange transaction (Note 3)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,900	-4,200	-4,200	-4,200	0	0	0	0
Acquisition of businesses—net of cash acquired
1,600	121,000	121,000	121,000	118,500	71,400	71,400	71,400	73,900	0	0	0	0	-	-	-	-	143,400	0	0	0	-	-	-	-	291,900	0	0	0	-	-	-	-	5,800	0	0	0
Acquisition of businessesnet of cash acquired (Note 2)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
-35,600	-208,100	-196,700	-199,300	-198,300	-120,500	-128,100	-128,000	-113,000	-47,200	-71,300	-69,200	-79,700	-88,800	-39,100	-99,400	-177,500	-216,700	-243,700	-194,400	-228,600	-224,200	-298,800	-319,700	-231,200	-430,600	-379,200	-357,000	-337,400	-70,100	-66,800	-123,000	-144,200	-184,300	0	0	0
FINANCING ACTIVITIES
Proceeds from issuance of long-term debt
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of long-term debt
-	-	-	-	-	7,800	300	0	0	375,000	375,000	375,000	376,300	19,700	19,700	19,700	18,400	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of long-term debt
629,000	1,119,400	1,073,100	563,100	562,500	33,200	126,400	135,200	143,900	522,900	445,700	452,600	460,600	192,000	191,900	194,900	196,600	90,900	196,700	194,000	852,800	859,400	761,600	768,700	108,800	102,700	98,900	82,700	80,300	74,600	64,900	752,000	759,000	759,700	0	0	0
Payments of finance lease obligations
10,200	8,700	7,200	5,800	6,300	6,300	6,600	6,800	7,100	7,600	10,800	11,100	10,300	9,500	6,000	5,200	5,100	5,000	6,200	6,400	7,800	8,400	7,700	9,400	9,000	9,800	10,900	9,900	10,200	21,000	21,900	22,700	21,800	15,600	0	0	0
Borrowings on revolving credit facilities
2,601,600	3,636,100	3,905,000	4,162,600	3,557,500	2,563,700	2,022,800	1,344,500	897,000	718,500	685,600	654,200	645,300	871,900	992,100	1,157,600	1,367,800	1,462,500	1,582,100	1,528,100	1,378,600	1,409,900	1,413,100	1,498,700	1,561,200	1,628,800	1,401,200	1,010,300	717,300	270,300	116,200	572,000	851,800	896,400	0	0	0
Payments on revolving credit facilities
2,728,700	3,642,100	4,029,300	4,030,900	3,377,200	2,561,100	1,877,500	1,240,500	826,200	736,000	740,800	706,300	743,300	918,000	1,157,000	1,256,100	1,345,400	1,435,500	1,474,800	1,411,700	1,563,400	1,577,600	1,612,100	1,673,700	1,523,400	1,475,000	1,091,900	798,800	494,100	295,700	342,500	661,300	909,900	879,600	0	0	0
Payments of debt issuance costs and financing fees
0	20,200	20,200	20,200	20,200	0	0	0	100	4,700	4,700	4,700	4,600	100	100	100	100	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bankruptcy claim payments on unsecured notes to be issued
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	8,000	7,900	7,600	400	4,500	6,100	8,100	11,700	14,900	15,500	16,900	21,200	13,800	0	0	0
Purchases of treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	8,800	8,800	8,800	8,800	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sale of stock for options exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,800	7,500	7,200	6,500	1,800	600	100	100	0	0	1,600	0	0	0
Proceeds from stock options exercised
-	-	-	-	-	4,200	4,300	4,200	5,300	2,600	9,900	31,000	31,600	30,300	22,800	1,700	900	2,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity awards redeemed to pay employees’ tax obligations
1,000	6,600	6,600	8,100	8,100	9,000	9,100	7,600	7,600	6,000	5,900	5,900	5,900	1,400	1,400	1,400	1,400	1,600	1,600	1,600	1,600	1,000	1,000	1,000	1,000	0	0	0	0	-	-	-	-	-	-	-	-
Tax benefit on equity award activity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,500	3,200	2,000	800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payment of cash dividends
47,400	57,100	64,600	65,000	64,900	62,900	63,500	63,000	62,900	62,500	63,600	63,300	62,500	61,100	61,700	61,700	61,900	62,300	62,200	62,000	62,300	61,200	58,000	57,600	57,100	56,400	158,700	156,500	154,100	151,800	44,400	42,200	39,900	28,200	0	0	0
Other financing activities
0	-	-	-	0	-	-	-	-	-4,300	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of tax distributions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,800	0	0	0
Net cash provided by financing activities
-25,200	61,800	-9,600	-36,300	-20,000	-133,500	-92,600	-145,100	-149,500	-251,700	-208,900	-187,900	-237,800	-269,300	-391,600	-348,200	-231,300	-127,900	-155,200	-143,700	-81,500	-71,700	800	21,600	-128,800	-10,200	43,700	-41,900	-30,500	-285,600	-375,600	-294,300	-273,500	-173,500	0	0	0
Effect of exchange rates on cash and cash equivalents
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rates on cash and cash equivalents
-	-	-	-	-	-1,500	-1,300	-1,000	-500	100	-700	-600	-300	-600	-900	-1,600	-1,900	-2,300	-3,300	-3,400	-2,900	-800	0	700	-3,800	-4,100	-4,200	-7,600	0	-7,200	4,800	-6,600	-14,900	-8,200	0	0	0
Net increase (decrease) in cash and cash equivalents
-	-	-	-	-	5,100	-11,100	-1,800	19,900	45,200	-7,600	-11,500	-13,500	-5,100	-2,700	-4,900	-14,200	1,200	-4,600	-3,800	11,400	-3,500	-1,500	5,700	-11,100	-3,800	1,700	-5,900	-2,900	-8,700	2,800	1,000	12,400	5,100	0	0	0
Acquisitions of Brown Printing and Vertisnet of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Acquisition of businessesnet of cash acquired
1,600	121,000	121,000	121,000	118,500	71,400	71,400	71,400	73,900	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-