SEARS HOLDINGS CORP SHLD Cash Flow

Sears holdings corp (SHLD)

CashFlow / Quarterly

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
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-303,000	-159,000	-628,000	-581,000	-442,000	-150,000	-547,000	-127,000	-292,000	-617,000	-498,000	-133,000	194,000	-2,404,000	-425,000	-144,000	-174,000	382,000	-215,000	-34,000	17,000
Net loss
-950,000	-508,000	-424,000	-	-556,000	-250,000	245,000	-	-748,000	-395,000	-471,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-17,000	-11,000	6,000	-5,000	-	-	-	-
Loss from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,387,000	-414,000	-150,000	-169,000	-	-	-	-
Adjustments to reconcile net loss to net cash used in operating activities:
Deferred tax valuation allowance
11,000	0	0	-	-80,000	-78,000	278,000	-	0	37,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
65,000	66,000	67,000	73,000	89,000	83,000	87,000	97,000	91,000	92,000	95,000	92,000	94,000	114,000	122,000	126,000	148,000	152,000	155,000	173,000	181,000	187,000	191,000	205,000	211,000	212,000	202,000	212,000	210,000	220,000	211,000	208,000	219,000	221,000	221,000
Impairment charges
236,000	77,000	14,000	113,000	9,000	5,000	15,000	409,000	3,000	7,000	8,000	203,000	17,000	54,000	0	38,000	0	20,000	5,000	219,000	6,000	0	8,000	330,000	0	0	0	-	-	-	-	-	-	-	-
Gain on sales of assets
76,000	103,000	165,000	211,000	316,000	380,000	741,000	81,000	51,000	54,000	61,000	13,000	97,000	526,000	107,000	59,000	68,000	34,000	46,000	391,000	21,000	241,000	14,000	32,000	26,000	15,000	395,000	29,000	4,000	29,000	2,000	14,000	0	9,000	44,000
Pension and postretirement plan contributions
2,000	56,000	287,000	41,000	137,000	66,000	68,000	73,000	113,000	72,000	76,000	65,000	117,000	62,000	67,000	84,000	161,000	103,000	102,000	100,000	150,000	87,000	89,000	100,000	329,000	78,000	86,000	67,000	180,000	65,000	78,000	63,000	131,000	60,000	62,000
Payment for insurance transaction
0	0	208,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mark-to-market adjustments of financial instruments
0	0	0	-	0	-12,000	-5,000	-	-9,000	-12,000	-1,000	-	21,000	-35,000	-19,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred gain on sale-leaseback
16,000	16,000	18,000	19,000	19,000	19,000	21,000	22,000	22,000	22,000	22,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred gain on sale-leaseback
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt issuance costs and accretion of debt discount
28,000	32,000	32,000	31,000	31,000	30,000	32,000	23,000	21,000	20,000	17,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash PIK interest
19,000	23,000	14,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mark-to-market adjustments of financial instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	1,000	1,000	0	1,000	-1,000	-1,000	1,000	0	-1,000	-4,000	3,000	-3,000	1,000	2,000	-7,000
Settlement of Canadian dollar hedges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-7,000	0	-1,000	-9,000	0	0	0	0	0	-23,000	17,000	-	-	-	-	-	-	-	-
Change in operating assets and liabilities (net of acquisitions and dispositions):
Deferred income taxes
25,000	7,000	1,000	-767,000	88,000	83,000	-182,000	1,021,000	2,000	-37,000	1,000	732,000	45,000	-255,000	-3,000	679,000	4,000	11,000	25,000	448,000	5,000	-13,000	1,000	255,000	-17,000	40,000	-72,000	404,000	75,000	-22,000	76,000	-38,000	98,000	1,000	-46,000
Merchandise inventories
-390,000	-124,000	40,000	-654,000	19,000	-451,000	-58,000	-1,073,000	348,000	-344,000	-144,000	-1,036,000	1,180,000	-26,000	111,000	-1,521,000	738,000	-345,000	37,000	-1,838,000	1,209,000	-167,000	350,000	-2,010,000	1,335,000	-146,000	394,000	-2,526,000	1,711,000	-425,000	695,000	-2,128,000	1,786,000	123,000	572,000
Merchandise payables
274,000	-7,000	-82,000	-196,000	102,000	-291,000	-87,000	-508,000	211,000	8,000	-237,000	-721,000	591,000	19,000	64,000	-810,000	236,000	-107,000	153,000	-1,004,000	617,000	52,000	105,000	-1,091,000	796,000	-160,000	338,000	-1,554,000	1,218,000	-496,000	698,000	-1,541,000	935,000	-56,000	377,000
Income and other taxes
-31,000	18,000	-40,000	-78,000	-6,000	12,000	-36,000	-17,000	48,000	25,000	24,000	-55,000	-27,000	-2,000	-11,000	-62,000	11,000	33,000	-92,000	41,000	34,000	48,000	-60,000	-30,000	-47,000	22,000	-8,000	210,000	-3,000	-129,000	-128,000	102,000	-17,000	-44,000	-75,000
Other operating assets
78,000	-6,000	-59,000	-51,000	52,000	-48,000	-4,000	46,000	-8,000	4,000	10,000	-47,000	-31,000	-26,000	50,000	8,000	35,000	-16,000	39,000	-14,000	-73,000	61,000	-18,000	30,000	160,000	-72,000	-19,000	-45,000	84,000	-66,000	-40,000	-	-	-	-
Other operating liabilities
-41,000	-41,000	-71,000	-64,000	-84,000	-52,000	-277,000	5,000	125,000	121,000	-133,000	-113,000	8,000	63,000	-94,000	4,000	-24,000	106,000	-91,000	-94,000	65,000	48,000	-229,000	-75,000	161,000	-63,000	17,000	-3,000	204,000	-60,000	-71,000	-18,000	205,000	-48,000	3,000
Net cash used in operating activitiescontinuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,019,000	-838,000	-215,000	-273,000	-	-	-	-
Net cash provided by operating activitiesdiscontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,000	-8,000	20,000	6,000	-	-	-	-
Net cash used in operating activities
-87,000	114,000	-1,150,000	59,000	-763,000	-258,000	-880,000	27,000	-768,000	82,000	-722,000	-113,000	-1,222,000	-297,000	-535,000	555,000	-1,195,000	-187,000	-560,000	563,000	-957,000	-2,000	-713,000	978,000	-1,209,000	-13,000	-59,000	1,033,000	-846,000	-195,000	-267,000	1,295,000	-982,000	-108,000	-82,000
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sales of property and investments
80,000	158,000	164,000	242,000	298,000	376,000	193,000	112,000	60,000	176,000	38,000	22,000	30,000	2,570,000	108,000	108,000	152,000	85,000	79,000	695,000	13,000	282,000	5,000	21,000	55,000	10,000	446,000	28,000	2,000	40,000	2,000	19,000	0	8,000	8,000
Proceeds from Craftsman Sale
0	0	0	0	0	0	572,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in investments and restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,000	-2,000	0	1,000	-41,000	3,000	2,000	-1,000	-1,000	-12,000	-6,000	11,000	-1,000	10,000	-17,000	8,000
Purchases of property and equipment
13,000	18,000	14,000	21,000	18,000	19,000	22,000	27,000	40,000	35,000	40,000	59,000	66,000	42,000	44,000	68,000	76,000	54,000	72,000	128,000	85,000	56,000	60,000	121,000	96,000	81,000	80,000	117,000	122,000	86,000	107,000	115,000	143,000	73,000	95,000
Net cash provided by (used in) investing activitiescontinuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-88,000	-108,000	-40,000	-116,000	-	-	-	-
Net cash provided by investing activitiesdiscontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32,000	17,000	-4,000	-2,000	-	-	-	-
Net cash provided by investing activities
67,000	140,000	150,000	221,000	280,000	650,000	743,000	85,000	20,000	141,000	-2,000	-37,000	-36,000	2,528,000	64,000	251,000	38,000	31,000	7,000	564,000	-70,000	226,000	-56,000	-59,000	-44,000	-73,000	367,000	-56,000	-91,000	-44,000	-118,000	-110,000	-153,000	-48,000	-95,000
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from debt issuances
188,000	316,000	919,000	382,000	308,000	330,000	0	500,000	300,000	0	1,228,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from debt issuances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	992,000	1,000	1,000	-	1,000	1,000	1,000	100,000	1,000	1,000	2,000	-	-	-	-
Repayments of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,000	19,000	18,000	28,000	88,000	16,000	20,000	211,000	14,000	156,000	15,000	426,000	-110,000	240,000	212,000	16,000
Repayments of debt
155,000	351,000	518,000	-	170,000	287,000	430,000	-	15,000	17,000	18,000	-	944,000	225,000	218,000	-	19,000	22,000	20,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in short-term borrowings, primarily 90 days or less
176,000	-241,000	630,000	-193,000	248,000	-335,000	551,000	-618,000	454,000	-216,000	-417,000	112,000	680,000	-508,000	299,000	-1,481,000	292,000	174,000	-102,000	-419,000	-5,000	2,000	660,000	-796,000	714,000	73,000	-72,000	-827,000	1,075,000	54,000	513,000	-	-	-	-
Proceeds from sale-leaseback financing
76,000	0	130,000	0	17,000	89,000	0	-	-	-	-	0	0	82,000	426,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lands' End, Inc. pre-separation funding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	515,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Separation of Lands' End, Inc.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	31,000	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Sears Hometown and Outlet Stores, Inc. pre-separation funding
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Increase in short-term borrowings, primarily 90 days or less
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-250,000	149,000	744,000
Debt issuance costs
1,000	3,000	31,000	18,000	8,000	11,000	6,000	21,000	9,000	0	21,000	0	3,000	47,000	0	7,000	9,000	0	11,000	0	14,000	0	0	-	-	-	-	0	0	0	35,000	-	-	-	-
Purchase of Sears Canada shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	7,000	3,000	-	-	-	-	43,000	0	0	560,000
Purchase of treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,000	9,000	53,000	101,000	77,000	44,000	272,000	1,000
Net cash provided by (used in) financing activitiescontinuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-772,000	901,000	-35,000	-47,000	-	-	-	-
Net cash used in financing activitiesdiscontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-46,000	-9,000	-16,000	-4,000	-	-	-	-
Net cash provided by (used in) financing activities
386,000	-279,000	1,130,000	-298,000	395,000	-214,000	115,000	-84,000	730,000	-233,000	772,000	94,000	-267,000	-698,000	507,000	-882,000	664,000	152,000	351,000	-670,000	954,000	-15,000	633,000	-932,000	1,143,000	47,000	-285,000	-818,000	892,000	-51,000	-51,000	-627,000	734,000	-369,000	167,000
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH
366,000	-25,000	130,000	-18,000	-88,000	178,000	-22,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH
366,000	-25,000	130,000	-18,000	-88,000	178,000	-22,000	28,000	-18,000	-10,000	48,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes on cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-10,000	2,000	5,000	-28,000	1,000	-9,000	-2,000	0	2,000	-8,000	7,000	-3,000	-11,000	-3,000	17,000	20,000	-2,000	-26,000	65,000
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
-	-	-	-	-	-	-	-	-	-	-	-	-1,525,000	1,533,000	36,000	-76,000	-503,000	-2,000	-197,000	429,000	-72,000	200,000	-138,000	-13,000	-108,000	-47,000	30,000	156,000	-56,000	-293,000	-419,000	578,000	-403,000	-551,000	55,000
Supplemental Cash Flow Data:
Income taxes paid, net of refunds
4,000	6,000	6,000	4,000	5,000	13,000	15,000	5,000	3,000	6,000	9,000	9,000	6,000	12,000	18,000	25,000	5,000	13,000	76,000	25,000	28,000	-48,000	16,000	-8,000	28,000	19,000	1,000	4,000	7,000	52,000	31,000	-3,000	-76,000	59,000	67,000
Cash interest paid
-	122,000	101,000	-	-	97,000	99,000	89,000	67,000	61,000	58,000	61,000	52,000	59,000	80,000	37,000	76,000	33,000	84,000	33,000	271,000	-166,000	68,000	31,000	68,000	29,000	71,000	37,000	71,000	24,000	91,000	14,000	59,000	41,000	50,000
Unpaid liability to acquire equipment and software
8,000	2,000	8,000	1,000	3,000	-2,000	8,000	3,000	0	4,000	11,000	16,000	-13,000	9,000	15,000	5,000	-8,000	4,000	24,000	-3,000	87,000	-69,000	26,000	-35,000	15,000	12,000	38,000	-3,000	-5,000	28,000	32,000	-	-	-	-
PIK interest included within other operating liabilities
3,000	2,000	9,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivable from Craftsman Sale
-	-	0	-	-	-	235,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-