Sally beauty holdings, inc. (SBH)
CashFlow / Quarterly
Mar'20Dec'19Sep'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'11Dec'10Sep'10Jun'10Mar'10Dec'09
Cash Flows from Operating Activities:
Net earnings

13,368

53,215

69,007

71,164

65,725

65,727

55,186

58,226

61,371

83,264

35,719

66,539

56,992

55,826

52,621

67,919

60,159

42,243

56,180

62,463

61,535

54,909

61,750

67,756

58,492

57,995

64,813

72,465

64,890

58,983

65,630

69,487

67,813

30,134

54,355

69,143

49,278

40,949

42,026

41,116

34,560

26,126

Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization

26,921

27,076

27,233

27,150

26,769

26,506

27,401

27,419

26,919

27,090

28,351

29,256

27,877

26,839

27,133

25,433

23,705

23,386

25,223

22,601

20,988

20,579

20,924

19,989

19,495

19,255

19,339

18,798

17,247

16,808

16,906

16,299

15,940

15,553

15,561

15,273

14,777

14,111

14,137

12,666

12,431

11,889

Share-based compensation expense

3,059

3,473

1,452

1,857

2,517

3,354

2,282

2,387

2,739

3,111

1,917

2,378

2,398

3,814

2,569

2,838

2,985

4,188

3,312

2,866

2,840

7,760

3,810

6,507

3,268

8,522

3,698

3,190

3,262

9,051

3,051

2,825

2,945

8,031

2,823

2,462

2,437

7,838

2,907

2,540

2,383

4,988

Amortization of deferred financing costs

880

887

892

915

989

990

990

991

930

921

900

787

788

789

788

788

772

907

946

946

947

950

946

940

952

921

868

909

910

900

1,038

1,172

1,346

1,646

1,650

1,701

1,722

1,773

1,863

1,937

1,932

2,043

Excess tax (benefit) shortfall from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

267

934

95

-1,125

642

5,524

17,043

2,435

529

8,697

2,985

4,069

3,022

4,470

3,824

3,743

1,523

5,039

4,085

1,758

1,178

245

531

189

34

17

8

Net loss/(gain) on disposal and impairment of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-122

-1,709

1,542

-38

8

7

6

20

Gain on early extinguishment of debt

134

223

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-33,296

-

-

-

-

-

-

-

-

-

-

-

-

0

-3,231

-587

-34,558

-520

-504

-156

-1,585

-

-

-

-

Deferred income taxes

4,992

555

-6,563

3,565

3,933

4,597

4,594

4,247

1,971

-31,350

2,797

7,004

1,321

3,000

8,673

-1,654

2,450

11,991

54

-2,014

740

8,341

9

1

-262

-563

-1,591

5,989

4,333

1,749

2,542

131

-478

193

-733

683

117

392

-3,048

-176

1,220

1,342

Changes in (exclusive of effects of acquisitions):
Trade accounts receivable

2,299

-2,457

-1,038

2,589

-1,747

-4,203

-222

665

-921

2,427

-612

1,286

805

-2,181

-1,892

3,128

1,504

-3,676

-1,338

3,729

779

-3,944

-891

4,186

-2,778

-4,537

-3,712

3,148

3,505

-5,994

169

3,619

-3,278

-4,798

1,052

4,399

3,151

-4,439

888

6,930

4,194

-11,995

Accounts receivable, other

-10,406

-8,793

9,791

3,087

1,175

6,379

-3,657

-3,076

1,982

2,008

3,335

7,083

-1,171

-1,727

1,641

1,431

-2,059

-5,710

6,157

1,166

-5,046

-5,532

5,898

606

457

754

-874

-922

-3,550

2,040

-125

5,338

304

2,501

1,354

-6,845

2,705

6,757

-664

-3,979

-3,395

12,558

Inventory

-31,503

30,138

-8,011

14,070

-31,711

45,924

-7,669

27,385

-11,321

8,055

-19,878

21,416

5,447

9,358

-1,362

15,711

-14,770

31,818

18,488

30,292

13,925

17,616

-380

15,941

6,988

4,984

21,117

26,822

6,019

16,324

11,486

33,698

503

10,128

9,207

26,052

2,746

9,925

10,443

13,247

3,278

7,279

Other current assets

17,210

482

-2,731

-1,933

-1,009

-1,745

809

-9,465

5,597

-9,105

3,875

7,907

-1,007

-12,255

12,791

1,547

3,967

-1,111

13,135

843

3,449

-19,943

-8,566

2,408

1,926

-2,948

-11,834

258

15,265

-25,347

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

-3,055

2,480

2,030

-98

1,106

187

293

-198

-433

290

7,322

-1,049

-165

592

1,041

747

-279

455

750

-214

-364

572

1,404

113

-474

160

546

2

-259

292

-15

-4,035

-1,075

-51

622

-2,723

-131

87

-382

-3,091

-302

210

Prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,928

-4,455

2,992

772

1,820

58

612

-1,035

2,555

1,693

1,156

Accounts payable and accrued liabilities

-43,749

-11,930

16,386

10,599

-55,849

-13,855

-5,588

22,355

-15,939

3,764

7,906

-5,293

-2,017

-19,375

26,563

-30,994

50,155

-30,343

19,764

-19,353

49,527

-30,363

48,641

-39,673

51,017

-57,259

31,326

-7,415

27,679

-58,649

35,788

11,377

15,061

-45,501

41,454

246

52,189

-42,557

20,466

8,165

37,907

-29,095

Income taxes payable

-17,551

10,352

7,070

-5,076

-8,256

12,406

-1,022

1,563

-10,831

10,069

-563

-1,617

-10,648

13,151

-2,480

-1,499

-4,617

4,265

23,475

64

-118

-497

-13,481

1,507

-18,612

29,057

4,474

-1,745

125

5,932

15,817

-401

-11,153

12,991

-4,711

3,866

-14,861

16,747

1,249

6,800

-12,353

11,324

Other liabilities

583

770

2,143

-161

-1,139

-2,927

-3,739

645

2,072

11,010

1,009

1,029

-3,189

-463

-140

-3,395

-3,233

1,067

-1,581

1,344

-776

1,169

-544

1,319

-738

3,574

-580

1,099

13

-477

1,246

-3,579

-912

1,231

428

-2,194

1,856

867

-952

-2,831

167

409

Net cash provided by operating activities

13,806

62,325

116,592

93,713

59,854

50,256

90,731

102,480

75,246

104,204

120,439

63,440

69,613

89,794

105,299

36,605

143,079

69,129

93,876

32,459

117,416

57,036

122,509

34,563

98,796

60,104

113,327

60,960

93,009

43,158

101,021

58,471

94,111

43,979

96,704

69,512

97,355

28,270

69,420

54,904

73,132

19,790

Cash Flows from Investing Activities:
Payments for property and equipment

31,108

40,875

40,992

20,365

22,688

23,710

24,317

23,497

16,194

22,499

23,137

17,209

21,312

28,008

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,204

13,118

13,838

-

13,747

14,140

15,230

12,691

12,849

11,050

12,112

Capital expenditures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

37,148

33,075

40,575

-

33,312

18,537

18,800

-

-

16,968

13,375

20,328

21,439

20,163

22,949

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

236

3

21

124

33

56

9

45

Acquisitions, net of cash acquired

0

1,944

661

-85

2,397

451

0

0

0

9,175

-

-

-

-

23,891

0

0

2,250

-

-

-

-

-

-

-

-

-

-

-

-

381

0

403

42,751

3,242

2,752

2,351

78,819

2,018

-491

4,547

30,389

Change in book cash overdraft

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-302

2,818

-

-

-

-

Net cash used by investing activities

-31,085

-42,819

-38,362

-20,269

-13,075

-24,161

-23,967

-23,492

-16,180

-31,674

-23,096

-17,209

-21,312

-28,008

-64,310

-36,360

-31,335

-42,825

-39,404

-34,049

-20,565

-18,800

-27,213

-24,198

-16,968

-13,375

-26,356

-36,839

-20,833

-22,949

-25,199

-17,204

-13,521

-56,589

-19,844

-16,496

-16,470

-93,925

-14,676

-12,302

-15,588

-42,456

Cash Flows from Financing Activities:
Proceeds from issuance of long-term debt

555,500

232,000

199,500

151,500

116,004

126,500

92,500

122,500

120,314

126,505

980,750

160,500

77,500

58,500

0

0

112,000

800,000

-

-

-

-

46,028

77,500

0

232,719

-

-

-

-

225,189

947,100

0

929,200

49,100

0

157,101

222,404

102,000

13,000

121,000

98,000

Repayments of long-term debt

189,555

247,830

216,376

257,005

176,281

127,876

157,377

141,080

141,075

119,067

1,001,124

84,675

72,170

58,674

191

192

112,183

825,971

195

223

1,138

258

55,521

69,033

524

109,025

143,027

111,477

36,417

530

119,351

791,459

101,329

909,145

119,661

61,029

217,878

179,343

127,542

63,507

172,161

98,357

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

39

12,709

-

-

-

-

0

3

5

3,888

-

-

-

-

4,439

11,667

2,599

12,592

11

102

617

4,667

-

-

-

-

Payments for common stock repurchased

50,000

11,357

-

-

-

-

1,863

50,139

50,087

64,612

59,878

117,851

101,961

67,183

46,705

0

100,000

62,367

153,275

6,760

60,271

7,253

31,564

176,083

59,461

66,183

102,507

93,848

191,416

121,933

-

-

-

-

-

-

-

-

14

0

0

56

Proceeds from exercises of stock options

5

2,766

373

66

272

1,449

33

205

837

275

398

258

2,403

14,280

3,148

2,341

8,015

2,716

1,724

862

14,609

37,156

4,809

465

14,070

7,319

6,771

5,466

7,260

5,996

4,940

2,969

11,118

8,993

4,261

2,874

933

2,874

666

142

68

2

Excess tax benefit (shortfall) from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

267

934

95

-1,125

642

5,524

17,043

2,435

529

8,697

2,985

4,069

3,022

4,470

3,824

3,743

1,523

5,039

4,085

1,758

1,178

245

531

189

34

17

8

Net cash (used) provided by financing activities

315,950

-24,421

-63,937

-105,439

-60,005

73

-66,707

-68,514

-71,162

-56,899

-88,230

-41,768

-94,228

-53,077

-45,044

2,416

-91,273

-98,236

-152,871

-5,479

-40,293

46,688

-33,813

-166,625

-37,223

63,927

-93,692

-32,837

-157,603

-112,643

110,082

-51,534

-87,771

20,541

-64,553

-59,595

-60,518

44,617

-24,701

-50,636

-50,771

-403

Effect of foreign exchange rate changes on cash and cash equivalents

-1,519

682

-653

73

232

-692

383

-1,675

840

-78

546

518

636

-921

-320

-212

630

-659

-708

187

-1,212

-818

-1,237

138

-78

153

392

-96

-314

211

342

-569

466

113

-1,543

194

354

-75

1,148

-1,083

-1,142

411

Net increase in cash and cash equivalents

297,152

-4,233

13,640

-31,922

-12,994

25,476

440

8,799

-11,256

15,553

9,659

4,981

-45,291

7,788

-4,375

2,449

21,101

-72,591

-99,107

-6,882

55,346

84,106

60,246

-156,122

44,527

110,809

-6,329

-8,812

-85,741

-92,223

186,246

-10,836

-6,715

8,044

10,764

-6,385

20,721

-21,113

31,191

-9,117

5,631

-22,658

Supplemental Cash Flow Information:
Interest paid

8,069

33,297

12,268

34,525

7,748

40,630

6,733

36,770

10,243

36,331

38,390

51,506

536

51,451

393

51,362

568

86,633

394

56,308

201

56,138

472

56,176

427

50,807

1,272

50,993

661

52,712

911

31,275

7,578

70,241

7,985

42,763

8,456

42,855

8,492

43,173

8,765

48,303

Income taxes paid

36,305

9,216

20,931

25,334

33,748

3,770

16,694

8,470

41,482

3,607

30,234

33,824

46,613

3,882

36,822

39,140

42,943

4,833

24,515

36,250

41,989

4,835

39,568

35,905

59,260

4,119

26,687

31,737

46,681

6,317

32,902

41,943

54,264

6,482

38,323

35,177

45,358

4,891

27,317

20,714

32,219

3,278

Capital expenditures incurred but not paid

1,599

3,491

23,117

-647

-237

4,000

12,051

1,838

-1,060

2,486

7,167

-101

-371

1,672

-3,091

3,328

177

3,343

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-