Stepan company (SCL)
CashFlow / TTM
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'11
Cash Flows From Operating Activities
Net income

105,662

103,101

105,022

100,896

104,138

111,105

106,233

106,332

100,776

100,743

90,072

89,586

90,191

86,198

90,663

94,230

82,670

76,037

69,386

57,932

65,359

57,081

61,393

68,062

66,348

72,337

77,293

77,463

76,320

79,687

77,743

76,655

76,150

72,602

0

0

0

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

79,321

78,701

78,882

79,574

80,570

81,115

82,679

81,793

80,263

79,022

76,892

76,243

75,604

74,967

72,528

70,579

68,928

66,985

65,524

64,181

63,833

63,804

62,883

61,244

59,079

56,400

54,802

53,715

52,487

51,294

50,270

49,309

48,231

47,099

0

0

0

Deferred compensation

344

15,140

4,178

6,790

3,530

-2,329

4,565

214

6,095

4,857

9,473

17,043

14,461

16,805

17,867

3,504

7,643

6,500

-20,430

-9,418

-10,574

-11,903

-3,233

-5,143

-14,181

-9,496

7,482

6,607

11,686

10,252

10,502

7,195

5,408

1,529

0

0

0

Realized and unrealized (gains) losses on long-term investments

-2,324

3,955

-1,401

-340

-659

-2,966

1,742

2,106

2,630

4,178

3,109

2,933

2,103

152

1,034

-826

-816

21

-795

328

749

241

1,168

2,095

1,736

2,611

1,929

1,521

912

1,460

2,409

416

817

-156

0

0

0

Stock-based compensation

7,478

8,872

7,160

8,222

7,201

6,837

7,625

5,987

7,998

7,151

10,811

12,721

11,580

12,618

9,468

5,660

5,999

4,374

2,423

2,460

640

68

1,969

3,129

3,228

2,783

3,793

1,955

2,275

3,122

1,718

3,490

3,455

3,676

0

0

0

Deferred income taxes

-3,028

-5,016

1,218

7,544

7,742

10,355

-1,287

-708

-2,788

-1,001

-5,463

-11,831

-8,566

-8,426

7,063

11,100

6,945

3,001

3,417

1,618

5,896

5,306

-538

1,831

932

259

-462

-241

-1,576

134

2,455

748

2,588

5,056

0

0

0

Other non-cash items

-1,192

-2,240

-5,444

-6,054

-6,034

-4,622

-2,489

-2,715

-4,167

-4,857

-10,780

-10,034

-8,035

-7,334

-2,255

-3,594

-5,247

-3,830

-5,619

-5,534

-5,290

-8,260

-5,890

-6,514

-7,118

-7,253

-4,589

-4,059

-3,547

-2,755

-7,738

-6,553

-5,908

-4,967

0

0

0

Changes in assets and liabilities:
Receivables, net

8,439

-4,894

-31,044

-22,297

-11,987

-5,196

13,452

6,630

20,320

16,358

24,623

17,291

1,180

17,180

15,772

28,747

20,557

-4,160

580

-17,175

2,762

21,229

2,591

2,644

10,947

12,749

31,708

25,557

4,563

-3,906

-26,278

-3,308

20,278

60,842

0

0

0

Inventories

-11,782

-28,460

-24,567

-7,575

-2,174

24,678

40,145

17,251

-1,785

1,990

-23,500

-3,413

12,896

3,774

4,119

5,568

7,392

-2,851

-4,241

-11,848

307

18,521

22,440

30,450

551

3,794

15,749

26,240

43,526

50,260

18,989

-14,256

15,049

12,854

0

0

0

Other current assets

613

680

3,645

3,591

1,731

-832

-869

-2,003

-521

489

-1,148

914

-92

-1,471

2,146

637

2,022

3,410

296

2,296

919

-1,430

-71

-1,227

4,207

5,950

5,891

6,949

1,616

2,210

-1,095

-190

2,954

2,246

0

0

0

Accounts payable and accrued liabilities

10,612

-15,084

-47,447

-34,332

-41,784

-19,023

29,442

23,674

25,142

30,476

27,247

17,898

38,923

38,261

2,415

26,419

726

21,219

11,195

-17,495

-5,020

-4,376

8,046

13,277

27,087

26,256

25,932

41,236

11,461

24,055

-2,427

-16,947

12,911

25,901

0

0

0

Pension liabilities

-634

-790

-985

-5,578

-5,341

-5,065

-4,878

-2,024

-1,949

-1,960

-1,949

184

324

607

771

939

977

932

134

-1,381

-2,132

-2,709

-1,628

51

1,075

1,997

1,815

-1,719

-3,192

-4,341

-5,397

-3,221

-2,755

-2,470

0

0

0

Environmental and legal liabilities

1,566

2,519

1,085

631

-247

-478

-1,513

-1,152

-1,391

-1,142

3,671

3,325

3,748

4,561

603

777

-651

-1,398

1,323

5,595

6,940

6,493

3,965

-467

-682

-353

-1,002

-605

-470

-66

21

-217

-199

-772

0

0

0

Deferred revenues

-50

26

-324

-324

-324

-324

-525

-1,125

-1,125

-1,125

-1,125

-726

-927

-1,128

-1,128

-1,128

-1,432

-1,345

-1,246

-1,147

-744

-732

2,184

2,265

2,346

2,428

-305

-203

-471

-662

-939

-1,246

-1,303

-1,474

0

0

0

Excess tax benefit from stock options and awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

781

883

2,147

3,438

6,590

8,302

7,064

7,237

4,248

3,908

3,793

2,951

0

0

0

Net Cash (Used In) Provided By Operating Activities

207,517

218,428

207,600

196,098

174,608

171,131

170,360

191,722

196,544

198,863

217,325

196,752

217,286

212,162

179,694

181,784

148,017

183,715

161,240

145,816

125,405

82,595

113,504

123,580

151,258

150,314

112,640

113,984

94,386

108,969

142,841

135,463

107,503

77,377

0

0

0

Cash Flows From Investing Activities
Expenditures for property, plant and equipment

113,033

105,572

94,581

87,990

85,030

86,647

83,606

84,023

85,575

78,613

91,217

100,711

104,132

103,076

98,782

106,024

110,394

119,349

129,734

116,777

109,611

101,819

88,201

89,956

92,388

92,865

89,381

84,333

82,817

83,159

82,999

83,564

82,010

83,166

0

0

0

Asset acquisition (Note 17)

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business acquisitions, net of cash acquired (Note 21)

-

-

-

-

-

22,852

21,475

21,475

21,475

4,339

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of product line (Note 21)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,262

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sale of mutual funds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,017

1,198

1,046

698

571

390

392

537

537

539

663

1,615

0

0

0

Other, net

-2,199

-1,905

-2,332

-1,932

-1,940

-1,684

-2,712

-4,228

-3,937

-269

1,906

2,586

2,703

3,935

3,960

6,537

7,796

4,750

5,190

4,871

4,113

7,402

7,827

7,326

8,219

7,179

7,094

7,295

5,567

4,827

5,680

5,800

6,152

6,274

0

0

0

Net Cash Used In Investing Activities

-121,874

-112,667

-93,626

-87,435

-84,467

-107,815

-102,369

-101,270

-103,113

-82,683

-120,972

-131,146

-134,684

-130,521

-102,742

-112,561

-123,323

-125,970

-137,685

-124,409

-111,200

-109,221

-95,011

-101,663

-167,773

-167,558

-164,116

-153,871

-87,992

-87,449

-88,142

-88,825

-101,061

-101,387

0

0

0

Cash Flows From Financing Activities
Revolving debt and bank overdrafts, net

-

-7,495

-2,263

-2,120

1,736

6,045

0

0

0

-

-

-

-

1,292

-1,547

-20,753

-44,046

-26,217

-12,401

2,694

28,771

14,219

1,372

-2,881

-13,033

4,820

9,875

11,371

16,338

770

-17,961

-10,325

-1,807

223

0

0

0

Build-to-suit obligation buyout

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-12,206

0

0

0

Other debt repayments

-

-

-

-

-

-

-

-

-

20,714

14,590

14,750

15,351

15,069

12,063

16,628

11,194

13,098

13,562

13,788

14,031

12,656

11,373

12,762

13,116

17,618

22,446

21,860

22,192

18,460

50,581

52,990

53,527

52,454

0

0

0

Dividends paid

23,656

23,097

22,543

21,982

21,408

20,857

20,291

19,842

19,393

18,907

18,438

18,077

17,698

17,329

16,965

16,716

16,490

16,300

16,073

15,856

15,634

15,387

15,177

14,959

14,732

14,474

14,201

13,716

13,227

12,757

12,281

12,023

11,766

11,513

0

0

0

Company stock repurchased

20,350

13,184

15,184

9,681

13,077

15,500

15,000

16,500

7,000

6,000

4,500

1,500

3,000

2,408

0

0

0

-

-

-

-

7,924

0

0

0

-

-

-

-

2,098

0

0

0

-

-

-

-

Stock option exercises

1,302

3,037

3,505

3,052

2,898

4,163

3,731

4,126

5,690

3,370

3,854

5,184

4,594

4,017

3,636

1,769

868

777

622

664

1,017

1,754

1,825

1,964

3,006

3,977

4,758

5,615

4,452

4,473

4,115

4,659

4,500

3,228

0

0

0

Payment to noncontrolling interest (Note 17)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Excess tax benefit from stock options and awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

781

883

2,147

3,438

14,440

12,442

7,064

7,237

-3,602

-232

3,793

2,951

0

0

0

Other, net

-1,736

-3,326

-3,382

-3,009

-3,108

-4,785

-5,093

-5,084

-5,147

-2,238

-1,649

-1,626

-1,526

-275

-275

-633

-633

-673

-661

-563

-596

-421

-442

-253

-656

-1,615

-6,538

-8,879

-8,441

-8,640

-4,106

-2,389

-2,363

-2,398

0

0

0

Net Cash Used In Financing Activities

-94,134

-90,494

-92,010

-85,883

-53,673

-51,648

-54,687

-54,908

-52,052

-50,497

-42,354

-32,727

-28,101

-29,772

-29,882

42,395

25,477

42,489

59,152

-25,270

-3,338

-15,492

-29,603

-32,933

60,911

76,253

76,665

78,961

-15,604

-29,475

-8,192

-595

6,395

-2,104

0

0

0

Effect of Exchange Rate Changes on Cash

-6,629

-78

-9,957

-4,250

-11,590

-10,368

-3,416

-2,626

5,393

7,468

3,101

528

-2,361

-2,269

-527

-3,572

-1,810

-9,306

-10,957

-10,220

-10,279

-6,014

-3,271

589

-2,446

-2,537

-1,756

-1,722

-666

731

734

-2,119

-934

-985

0

0

0

Net Decrease in Cash and Cash Equivalents

-15,120

15,189

12,007

18,530

24,878

1,300

9,888

32,918

46,772

73,151

57,100

33,407

52,140

49,600

46,543

108,046

48,361

90,928

71,750

-14,083

588

-48,132

-14,381

-10,427

41,950

56,472

23,433

37,352

-9,876

-7,224

47,241

43,924

11,903

-27,099

0

0

0

Supplemental Cash Flow Information
Cash payments of income taxes, net of refunds/payments

29,629

29,331

29,481

25,129

32,646

32,973

28,474

27,112

23,403

25,661

34,381

37,795

35,451

30,581

27,801

25,985

25,437

21,784

16,300

13,262

17,432

23,142

23,942

26,121

22,482

22,691

27,211

27,900

29,062

29,698

30,458

29,616

25,544

24,327

0

0

0

Cash payments of interest

12,241

12,250

13,587

13,549

12,889

12,829

13,329

13,232

13,796

13,889

14,251

14,389

14,770

14,730

15,154

13,339

13,632

11,943

12,065

12,272

12,419

12,447

12,562

12,749

11,092

11,281

9,749

10,028

10,231

10,491

8,838

9,741

8,475

8,647

0

0

0