SANDERSON FARMS INC SAFM Cash Flow

Sanderson farms inc (SAFM)

CashFlow / TTM

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Oct'10	Jul'10	Apr'10	Jan'10
Operating activities
Net loss
32,551	53,294	32,967	-8,920	-7,608	61,431	177,500	281,859	306,926	279,745	282,836	221,718	202,305	188,961	140,370	136,535	160,179	216,001	281,739	306,938	286,680	249,048	201,209	193,048	166,431	130,617	94,694	55,496	54,990	53,944	23,035	-61,369	-101,510	-127,077	-57,715	34,084	85,447	134,820	0	0	0
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization
143,076	135,420	127,176	119,416	113,307	110,896	108,831	107,276	104,326	100,337	95,304	90,656	87,353	84,583	82,510	80,501	78,276	74,661	72,159	69,462	65,828	64,309	62,673	61,790	61,788	62,225	61,395	60,507	60,459	59,979	58,938	57,264	54,919	51,661	49,153	46,738	45,007	44,430	0	0	0
Amortization of share-based compensation
12,358	12,552	12,335	11,655	13,082	16,371	17,661	18,620	17,921	17,376	16,753	16,064	18,776	15,813	15,536	15,287	12,880	16,068	15,463	15,188	16,776	12,396	12,341	12,869	8,475	8,111	6,928	4,703	4,730	4,781	4,984	5,130	5,345	5,503	5,091	6,274	6,205	7,518	0	0	0
Live inventory adjustment (net of prior period reversal)
0	-6,800	0	0	0	9,600	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9,000	-22,000	-6,000	-22,300	9,000	0	0	0	-	-	-	0
Deferred income taxes
22,854	11,339	15,757	3,359	-1,415	-29,105	-27,297	-31,316	-29,813	16,150	20,102	21,141	10,415	28,223	26,727	28,283	25,540	4,781	2,028	-825	-1,842	-9,867	-7,575	-3,633	490	-16	552	1,583	1,237	7,995	14,240	20,423	36,905	21,462	19,734	11,042	-4,140	3,665	0	0	0
Loss on asset disposals
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in assets and liabilities:
Accounts receivable - trade
13,474	7,846	-695	-20,211	-10,452	-16,936	-19,553	7,678	19,022	15,130	32,607	14,569	-4,112	11,574	7,358	5,487	3,182	-5,071	-3,661	10,342	22,900	9,316	-3,202	-4,092	-6,419	11,373	30,945	11,652	12,195	4,413	6,809	24,475	20,294	1,554	7,388	1,693	2,169	24,088	0	0	0
Accounts receivable - insurance
-5,699	-6,649	5,600	5,983	5,699	7,094	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes
42,373	26,362	-98,257	-100,765	-39,746	-39,623	56,190	10,055	-29,573	-9,341	33,853	83,694	32,207	37,821	-94,636	-81,826	-7,447	-35,273	46,870	28,037	9,020	10,434	23,177	3,570	-7,881	-4,467	-28,898	-8,497	-94,809	-84,045	-73,828	-32,204	90,659	88,512	75,395	36,158	13,032	0	0	0	0
Inventories
33,188	43,072	24,190	17,727	8,687	-3,109	25,921	32,950	16,728	32,459	28,458	23,874	26,581	21,553	24,525	-1,383	-3,400	7,930	-14,696	-6,712	4,003	-15,032	-23,495	-7,573	-25,953	-30,057	7,988	13,448	20,430	15,159	8,187	-6,702	22,022	67,464	71,198	74,955	39,975	12,768	0	0	0
Prepaid expenses and other assets
14,447	14,338	16,322	14,453	8,967	4,132	2,637	-4,407	6,322	4,279	4,391	5,077	2,231	1,263	-217	-867	-729	1,162	2,550	7,623	2,520	3,026	3,271	3,888	6,020	2,546	1,368	-764	362	-354	-2,133	-111	3,692	2,345	9,533	7,834	2,537	5,719	0	0	0
Right of use assets
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease liabilities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
-8,815	18,517	12,158	6,369	14,200	24,077	21,607	12,269	18,126	12,013	2,071	10,416	12,688	5,109	11,141	-22,978	-2,801	11,615	-18,731	3,870	12,965	-32,718	-4,233	11,039	-32,062	-1,337	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses and other liabilities
6,123	15,548	7,605	1,239	5,941	-31,053	-12,228	11,665	7,554	43,931	22,168	-585	6,101	-29,511	-15,306	5,326	4,109	16,304	4,540	6,445	4,630	10,175	28,672	13,385	7,666	32,244	4,250	12,702	15,303	6,987	11,582	-2,172	-8,441	-19,322	-16,216	-13,735	-761	17,910	0	0	0
Total adjustments
129,727	153,506	146,625	144,105	92,714	69,982	25,227	54,166	87,543	129,208	129,051	86,270	154,218	107,798	117,122	114,762	56,152	84,435	65,384	75,718	80,782	57,419	92,438	100,072	81,005	122,247	78,271	67,098	165,707	151,975	146,070	106,511	-52,915	-74,247	-71,111	-51,680	23,539	43,589	0	0	0
Net cash used in operating activities
162,278	206,800	179,592	135,185	85,106	131,413	202,727	336,025	394,469	408,953	411,887	307,988	356,523	296,759	257,492	251,297	216,331	300,436	347,123	382,656	367,462	306,467	293,647	293,120	247,436	252,864	172,965	122,594	220,697	205,919	169,105	45,142	-154,425	-201,324	-128,826	-17,596	108,986	178,409	0	0	0
Investing activities
Capital expenditures
237,360	249,503	303,166	344,215	340,529	308,875	252,738	197,061	172,237	166,768	205,432	230,191	224,194	200,882	143,917	132,552	124,753	158,289	198,694	198,670	199,306	171,626	128,172	91,630	71,866	54,529	50,853	50,463	44,863	49,249	45,991	52,898	59,870	62,958	100,535	126,943	140,495	144,847	0	0	0
Net proceeds from sale of property and equipment
690	996	2,844	2,189	2,006	2,201	1,336	1,426	1,117	853	436	396	777	478	912	1,148	834	848	533	246	503	514	368	369	31	169	168	208	205	39	167	127	142	174	34	34	48	18	0	0	0
Net cash used in investing activities
-236,670	-248,507	-300,322	-342,026	-338,523	-306,674	-251,402	-195,635	-171,120	-165,915	-204,996	-229,795	-223,417	-200,404	-143,005	-131,404	-123,919	-157,441	-198,161	-198,424	-198,803	-171,112	-127,804	-91,261	-71,835	-54,360	-50,685	-50,255	-44,658	-49,210	-45,824	-52,771	-59,728	-62,784	-100,501	-126,909	-140,447	-144,829	0	0	0
Financing activities
Borrowings from revolving line of credit
175,000	125,000	100,000	100,000	60,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	45,000	70,000	160,000	237,701	222,701	182,701	92,701	0	10,000	0	0	0
Tax benefit on vesting of restricted stock grants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	3,910	-	2,630	2,630	2,630	1,016	1,016	1,016	1,016	145	146	146	146	706	678	678	705	70	322	322	295	405	0	0	0
Proceeds from issuance of restricted stock under stock compensation plans
1,012	942	909	905	859	1,320	1,370	1,402	1,455	983	991	983	982	1,279	1,262	1,250	1,248	1,209	1,188	1,169	1,113	901	882	859	866	827	823	787	759	758	757	793	816	945	757	873	865	978	0	0	0
Payments on revolving line of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	40,000	50,000	0	0	0
Principal payments on long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,000	10,027	10,017	7	0	28	19	10	31	0	0	0
Principal payments on capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,213	10,406	778	767	756	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments from issuance of common stock under stock compensation plans
12,332	9,429	9,981	9,948	9,199	11,722	12,585	12,567	12,914	10,032	6,293	6,299	6,562	7,282	9,979	10,002	14,694	14,910	12,867	12,872	7,650	6,559	2,857	2,807	2,588	1,837	2,093	1,998	1,915	1,393	2,808	2,878	2,657	2,776	890	895	1,470	1,445	0	0	0
Net cash provided by financing activities
63,098	15,931	-93,292	-23,481	-60,769	-122,831	-61,311	-59,411	-60,274	-57,864	-51,601	-55,034	-62,390	-58,903	-52,347	-50,396	-110,411	-111,946	-107,453	-115,019	-54,377	-55,308	-89,390	-141,534	-140,595	-140,743	-86,023	-55,945	-156,074	-139,982	-108,356	14,151	217,382	201,764	138,325	48,474	31,418	31,645	0	0	0
Net change in cash and cash equivalents
-11,294	-25,776	-214,022	-230,322	-314,186	-298,092	-109,986	80,979	163,075	185,174	155,290	23,159	70,716	37,452	62,140	69,497	-17,999	31,049	41,509	69,213	114,282	80,047	76,453	60,325	35,006	57,761	36,257	16,394	19,965	16,727	14,925	6,522	3,229	-62,344	-91,002	-96,031	-43	65,225	0	0	0
Non-cash investing activities:
Capital expenditures included in accounts payable
6,073	10,209	17,547	12,791	31,015	24,921	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	0	0	0	-	-	-	-