STEELCASE INC SCS Cash Flow

Steelcase inc (SCS)

CashFlow / Quarterly

Feb'20	Nov'19	Aug'19	May'19	Feb'19	Nov'18	Aug'18	May'18	Feb'18	Nov'17	Aug'17	May'17	Feb'17	Nov'16	Aug'16	May'16	Feb'16	Nov'15	Aug'15	May'15	Feb'15	Nov'14	Aug'14	May'14	Feb'14	Nov'13	Aug'13	May'13	Feb'13	Nov'12	Aug'12	May'12	Feb'12	Nov'11	Aug'11	May'11
OPERATING ACTIVITIES
Net income
66,500	54,900	60,500	17,800	22,600	37,300	49,100	17,000	0	25,700	36,900	18,100	25,800	41,200	38,200	19,400	77,500	35,600	37,200	20,000	22,800	11,800	30,500	21,000	23,900	23,000	27,600	13,200	-27,500	23,600	29,500	13,200	14,900	22,400	11,900	7,500
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
22,700	21,500	21,100	20,300	21,100	21,800	21,200	17,500	18,200	16,500	15,800	15,400	15,600	15,300	14,300	15,100	16,300	16,800	16,400	16,200	15,700	14,900	14,600	14,700	16,200	14,900	14,800	14,100	15,800	15,100	13,800	13,600	14,700	14,100	13,600	14,000
Changes in cash surrender value of company-owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-800	2,800	1,700	-	0	-3,700	2,800
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-13,500	-14,900	33,600	-71,100	-10,500	-11,500	24,800	8,800	-26,500	5,100	13,000	16,800	-2,800	-600	700	-18,300	3,500	3,800	8,000	9,800	6,700	-8,300	5,400
Non-cash restructuring costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,400	6,400	-9,700	-	1,700	3,300	4,400	-	-	-	-	-	-	-	-
Non-cash stock compensation
2,400	2,300	2,500	9,500	2,300	2,500	3,700	9,200	3,600	3,800	3,300	8,400	3,200	4,100	3,400	9,100	3,600	3,200	5,400	8,800	2,900	2,900	3,000	9,600	2,100	2,200	1,700	10,800	1,800	1,400	1,400	5,000	-	-	-	-
Equity in income of unconsolidated affiliates
2,300	4,200	3,200	2,500	2,600	4,300	3,500	3,300	2,400	5,000	2,400	3,000	2,400	2,500	2,300	2,500	2,300	4,500	3,300	3,300	3,600	4,200	3,700	3,700	-	-	2,800	1,700	-	-	-	-	-	-	-	-
Dividends received from unconsolidated affiliates
3,700	600	3,600	4,600	2,200	-200	5,400	1,700	2,800	1,400	1,900	4,200	2,500	2,300	3,500	1,600	3,100	2,700	3,400	3,200	2,700	2,600	3,100	2,300	-	-	2,500	700	-	-	-	-	-	-	-	-
Other
-10,500	8,200	900	1,200	-100	-1,600	-8,300	-2,900	4,700	-7,500	-13,600	7,300	-2,400	-1,900	-1,100	-3,400	3,300	-1,900	400	-4,300	200	-1,800	-1,800	-1,700	6,800	-4,400	1,500	-1,300	4,000	-7,900	3,900	3,600	-4,800	-30,900	17,400	15,800
Changes in operating assets and liabilities, net of acquisitions, divestures, and deconsolidations:
Accounts receivable
-68,000	-21,400	67,200	15,000	-33,300	-100	57,600	42,200	-54,300	10,600	8,700	16,500	-22,100	10,100	-1,100	1,200	-25,600	-15,300	34,600	5,600	-15,900	16,400	28,200	15,000	-	-	27,200	16,600	-	-	-	-	-	-	-	-
Inventories
-19,000	4,700	2,800	17,700	-28,300	14,300	17,600	20,400	-13,900	15,200	-2,700	9,900	-9,700	10,600	7,500	-3,300	-22,300	6,100	-5,800	15,200	-18,000	12,700	23,000	9,500	-	-	7,200	10,400	-	-	-	-	-	-	-	-
Assets related to derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	400	-400	-22,500	34,800	-6,300	-3,200	-1,500	-	-	-	-	-	-	-	-	-	-	-	-
VAT recoverable
-	-	-	-	-	-	-	-	-	-	-	-	-	6,100	-1,200	14,400	-8,100	-13,600	-6,800	-400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
6,200	-8,200	-2,800	-1,100	-5,500	2,000	-7,800	1,100	19,200	-4,400	-8,200	-11,100	-8,400	-600	-9,500	22,900	-3,600	-12,400	-19,400	32,500	-17,800	-4,700	1,300	9,100	-	-	8,600	2,500	-	-	-	-	-	-	-	-
Accounts payable
-30,800	3,800	14,600	23,200	-37,100	0	23,800	21,800	-26,800	23,300	-4,600	7,400	-5,600	5,000	15,500	-5,400	-22,000	5,500	4,700	7,700	-21,500	1,900	24,600	7,600	-	-	14,500	14,100	-	-	-	-	-	-	-	-
Accounts receivable, inventories and accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,000	1,000	32,700	-	25,000	2,700	19,700
Employee compensation liabilities
45,500	37,300	47,500	-93,600	34,600	26,600	35,300	-75,400	30,400	15,000	26,300	-85,500	32,700	28,800	33,100	-103,400	37,000	23,300	37,400	-77,300	37,400	16,300	19,900	-74,400	16,800	27,600	16,700	-48,000	400	31,700	10,400	-36,700	-8,300	13,900	-200	-37,900
Employee benefit obligations
-	12,000	6,500	-24,200	-	15,000	7,900	-26,600	-	9,500	6,000	-21,700	-	6,600	6,600	-21,500	-	6,800	4,800	-17,200	-	6,400	5,200	-14,600	-	-	4,200	-16,400	-	-	3,700	-12,300	-	-	-	-
Accrued expenses and other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-12,500	12,400	1,900	-	7,800	-11,200	-16,000	-	-21,700	-5,200	1,600	-	-5,600	-16,000	400	-	-5,000	-3,400	-3,100	-	-13,700	-200	21,000
Accrued expenses and other liabilities
-4,200	12,900	6,600	4,300	-20,500	1,800	19,100	-13,000	-10,600	11,500	1,000	14,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
142,000	176,000	113,800	-71,000	85,100	84,400	79,400	-117,700	131,900	72,800	72,800	-50,500	66,700	83,900	85,800	-65,700	55,900	76,800	89,500	-35,800	76,700	23,700	56,400	-72,600	81,800	79,900	56,400	-39,300	57,500	100,600	66,100	-36,900	53,800	51,000	35,600	-38,700
INVESTING ACTIVITIES
Capital expenditures
24,300	16,600	17,700	14,800	24,600	15,300	25,700	15,800	29,600	21,700	19,800	16,800	20,700	13,600	12,500	14,300	23,400	22,600	23,200	24,200	28,500	24,700	28,500	15,800	34,900	15,500	18,000	18,400	24,100	24,100	15,700	10,100	15,900	20,000	10,900	18,100
Proceeds from Sale of Property, Plant, and Equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	600	100	4,100	300	300	100	19,000	7,400	500	700	900	1,400	0	0	14,100	3,600	7,700	400	0
Purchases of investments
-	-	-	-	-	-	-	-	0	0	32,700	19,400	18,300	57,100	31,200	6,000	8,800	82,100	7,900	6,900	13,000	19,800	31,600	27,000	18,700	110,200	8,000	9,800	33,300	31,000	7,900	6,400	34,000	3,600	152,600	5,600
Liquidations of investments
-	-	-	-	-	-	-	-	0	64,900	5,200	55,500	44,000	7,800	3,000	71,800	45,500	12,500	7,400	29,700	32,000	12,000	42,300	62,800	41,900	5,900	8,100	66,400	15,100	5,800	8,500	33,200	5,900	3,800	417,200	39,200
Payments to Acquire Businesses, Net of Cash Acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	300	6,600	-	0	0	0	-	-	-	-	-	-	-	-	400	1,800	800	17,900
Other
0	1,000	-700	-1,100	0	8,200	6,000	-7,900	4,800	2,600	-8,000	600	800	-800	600	-1,400	-5,000	200	-200	-100	2,600	2,600	-1,200	-9,800	-4,000	500	1,100	400	-11,300	5,200	11,000	-100	2,800	-2,000	-4,200	-3,600
Net cash provided by (used in) investing activities
50,600	-16,500	-15,900	-13,700	-24,100	-79,100	-160,500	-7,900	-78,000	48,700	-36,900	18,700	2,100	-62,100	-41,300	52,900	31,500	-91,800	-23,700	-3,800	-11,800	-34,800	-16,500	48,800	-300	-45,300	-18,300	38,700	-35,800	-54,500	-26,100	30,900	-43,600	-11,900	257,500	1,200
FINANCING ACTIVITIES
Dividends paid
17,200	17,400	17,200	17,300	16,000	16,000	16,000	16,300	15,100	15,000	15,200	15,700	14,400	14,500	14,400	15,200	13,900	14,000	14,000	15,100	12,900	13,000	13,000	13,600	12,600	12,500	12,600	12,500	11,400	11,400	11,400	11,600	7,800	7,900	8,000	8,000
Common stock repurchases
0	2,800	1,900	4,000	100	600	100	3,400	400	300	27,300	5,800	100	15,800	11,600	20,900	42,100	2,400	400	11,500	1,000	1,000	28,400	5,900	17,100	1,000	100	31,700	0	500	7,600	11,800	6,700	17,900	11,600	11,500
Excess tax benefit from vesting of stock awards
-	-	-	-	-	-	-	-	-	-	-	-	-	200	0	-300	1,700	2,300	1,500	1,500	800	600	200	0	-	-	100	-1,100	-	-	-	-	-	-	-	-
Repayments of Long-term Debt
900	700	700	600	250,700	700	600	700	700	700	600	700	700	900	700	0	1,200	32,400	700	500	800	600	600	600	-	-	600	600	-	-	-	-	-	-	-	-
Proceeds from (Payments for) Other Financing Activities
300	-500	-1,100	100	500	500	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,700	900	-500	-	1,500	2,700	-3,900
Net cash used in financing activities
-17,800	-21,400	-20,900	-21,800	148,800	400	-6,500	-20,400	-16,200	-16,000	-43,100	-22,200	-11,800	-31,000	-26,700	-36,400	-55,500	4,600	-13,600	-25,600	-13,800	-14,100	-41,800	-20,100	-28,500	-13,900	-13,300	-45,900	-8,600	-13,600	-18,100	-23,900	-14,200	-26,600	-270,100	-23,400
Effect of exchange rate changes on cash and cash equivalents
-300	600	-700	-700	600	-500	-1,500	-1,300	1,300	-700	2,600	800	1,000	-3,200	300	700	-300	-700	-1,300	-800	-3,400	-1,700	-700	400	-300	600	-100	-800	1,300	300	800	-1,700	1,200	-2,000	-800	900
Net increase (decrease) in cash and cash equivalents
174,500	138,700	76,300	-107,200	210,400	5,200	-89,100	-147,300	39,000	104,800	-4,600	-53,200	58,000	-12,400	18,100	-48,500	31,600	-11,100	50,900	-66,000	47,700	-26,900	-2,600	-43,500	52,700	21,300	24,700	-47,300	14,400	32,800	22,700	-31,600	-2,800	10,500	22,200	-60,000