Silgan holdings inc (SLGN)
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'10
Cash flows provided by (used in) operating activities:
Net income

57,600

34,844

81,274

30,954

46,742

38,192

84,735

55,346

45,721

146,120

72,382

27,925

23,232

23,696

69,769

33,314

26,572

26,547

70,318

42,244

33,304

23,636

83,276

44,003

31,476

23,276

77,175

59,529

25,433

29,359

78,657

10,580

32,750

37,098

78,755

51,208

26,112

16,380

65,230

36,254

26,782

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization

51,090

49,703

52,678

52,870

51,232

45,491

48,343

48,972

48,931

44,328

46,407

45,755

37,572

32,778

37,261

36,801

36,218

32,402

36,748

36,366

36,676

33,878

37,700

38,100

38,411

40,557

41,451

41,940

43,696

39,854

41,788

41,197

42,176

37,908

41,454

41,173

38,266

34,050

36,377

36,448

36,074

Rationalization charges

2,799

7,757

3,194

39,317

6,083

4,770

288

492

703

1,341

562

3,038

885

5,132

7,821

5,037

1,071

3,653

9,070

959

725

9,503

2,529

861

1,588

8,371

1,332

933

1,351

2,851

2,048

158

3,603

2,935

681

2,369

1,732

18,481

970

709

2,054

Stock compensation expense

4,483

4,409

4,425

4,335

3,909

3,761

3,742

3,720

3,700

3,587

3,850

3,923

3,279

3,294

3,296

3,369

3,059

2,979

3,029

2,808

3,261

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on early extinguishment of debt

-1,481

0

-1,676

0

0

-

-

-

-

0

0

-4,375

-2,677

0

0

0

0

-

-

-

-

0

0

0

-1,474

0

0

0

-2,068

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,366

90

947

16

-108

21

531

-621

62

99

1,268

2,045

156

48

1,652

1,609

613

94

358

Other changes that provided (used) cash, net of effects from acquisition:
Trade accounts receivable, net

103,975

-254,583

95,585

66,604

88,594

-272,152

136,675

85,346

49,615

-248,794

167,385

77,064

41,452

-220,807

120,074

56,686

54,914

-337,568

184,855

55,751

84,675

-295,489

175,478

47,948

68,411

-278,477

133,329

97,858

26,903

-273,738

162,184

49,400

27,570

-233,575

166,235

50,644

69,787

-260,200

161,179

50,998

67,898

Inventories

68,965

-75,467

-112,376

133,997

53,793

-53,109

-143,479

101,771

74,451

14,333

-131,479

26,928

107,446

-26,506

-169,881

55,616

120,811

53,855

-169,085

67,854

144,952

-27,551

-153,050

101,205

133,398

-50,082

-182,018

73,045

133,995

-45,987

-204,536

64,170

129,525

-19,111

-152,178

85,161

114,221

8,524

-141,681

79,522

105,435

Trade accounts payable

-126,728

80,062

-44,188

61,821

-81,242

72,280

-56,417

61,309

-16,077

82,377

29,279

9,252

-36,806

113,175

-49,722

39,601

-50,302

35,267

-30,075

42,152

-3,522

59,659

-16,026

11,336

31,388

112

-27,566

25,154

2,904

1,092

-21,887

11,110

3,469

-16,054

3,072

-684

43,324

-64,644

34,711

14,162

20,113

Accrued liabilities

20,443

24,425

12,400

28,446

-51,321

14,791

17,898

12,090

-41,215

-11,682

18,104

15,482

-17,583

-54,516

48,802

-18,824

4,393

15,368

10,695

5,035

6,542

-51,376

30,074

-3,760

16,726

-42,021

18,492

-23,643

15,671

-26,516

20,990

-4,218

-11,898

-38,100

-7,474

45,889

3,077

-35,427

18,883

6,455

-2,012

Contributions to domestic pension benefit plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

46,000

30,000

-

-

-

-

0

0

184,574

-92,287

Other, net

6,364

4,088

1,583

-9,566

-11,198

38,631

-582

70

7,816

-4,396

324

3,636

5,287

13,902

15,952

-1,176

-3,891

7,545

-4,475

-1,768

-8,927

56,336

2,481

1,062

21,366

30,858

-514

23,146

-1,307

12,759

-25,381

27,581

-12,752

18,601

-25,375

-2,345

-14,231

31,263

-4,295

-18,847

-28,231

Net cash used in operating activities

-168,136

509,766

126,667

26,708

-155,786

493,429

105,975

-2,765

-90,119

394,218

134,354

2,122

-140,929

406,120

151,082

-11,828

-150,823

383,262

88,490

7,727

-143,714

400,790

110,278

-59,765

-103,059

349,666

160,195

-90,157

-68,999

357,625

189,267

-89,719

-105,511

283,427

128,626

6,447

-58,918

214,898

144,892

-17,739

-154,736

Cash flows provided by (used in) investing activities:
Purchase of business, net of cash acquired

39,828

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

275,667

0

0

6,000

1,544

266,571

0

50,975

1,384

25,000

0

264,367

-

-

-

-

Capital expenditures

65,147

64,096

50,683

54,419

61,746

56,337

43,358

42,082

49,196

50,266

42,876

42,394

38,893

40,371

39,808

49,740

61,974

85,883

53,236

49,377

48,806

46,139

34,286

33,006

26,998

23,186

26,902

27,997

25,051

34,502

25,291

33,116

26,332

49,744

39,095

50,707

33,463

29,378

27,913

24,018

24,086

Proceeds from asset sales

-

-

-

-

-

-

-

-

-

-

-

-

-

-

104

7,716

1,106

678

97

104

24

71

830

209

163

1,667

311

6,204

207

99

1,121

160

175

503

311

2,976

153

895

128

401

147

Other, net

-534

-345

51

-540

-20

-815

250

314

-800

-61

-62

-91

-386

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-104,441

-63,751

-50,734

-53,879

-61,726

-55,522

-43,608

-42,396

-48,396

-45,324

-49,451

-1,064,395

-38,507

-37,742

-39,704

-42,024

-60,868

-85,205

-53,139

-49,963

-48,782

-46,068

-51,170

-32,797

-26,835

-297,186

-26,591

-21,793

-30,844

-35,947

-290,741

-32,956

-77,132

-50,625

-63,784

-47,731

-297,677

-76,429

-27,785

-23,617

-23,939

Cash flows provided by (used in) financing activities:
Borrowings under revolving loans

877,114

54,791

435,970

89,256

614,103

119,731

74,953

404,091

444,595

63,871

115,772

336,803

655,633

317,924

70,014

194,366

337,178

39,615

107,112

179,720

405,644

23,062

79,088

218,452

460,420

284,328

62,261

140,352

453,072

35,513

476,999

169,309

4,991

226,817

172,063

192,809

617,305

65,767

45,000

126,342

77,070

Repayments under revolving loans

48,970

827,521

177,391

81,512

205,856

724,529

134,091

52,565

79,821

635,772

121,936

50,185

508,865

493,847

189,052

76,201

38,006

403,817

156,742

124,126

45,158

370,615

94,171

56,147

284,632

386,543

460,398

48,245

22,475

364,491

300,326

14,683

10,913

253,046

614,878

153,968

167,062

64,750

121,178

124,480

3,110

Proceeds from issuance of long-term debt

739,661

-

-

-

0

-

-

-

-

0

0

800,000

989,200

0

0

0

0

211

3,357

3,035

935

1,414

0

0

732,215

0

304,981

0

0

0

0

0

526,550

0

1,084,613

0

4,210

-

-

-

-

Repayments of long-term debt

766,170

51,271

300,000

0

8,161

0

1,562

280,000

4,638

0

10,621

222,750

521,666

59,637

1,395

-7

6,387

30,264

1,391

1,476

4,173

1,666

1,659

1,827

749,682

1,813

1,666

2,207

302,571

-

-

-

-

1,796

664,418

0

25,213

-

-

-

-

Changes in outstanding checks - principally vendors

-79,006

79,006

0

0

-83,670

83,670

0

0

-87,795

87,795

-3

5

-78,946

78,946

0

0

-101,765

101,762

0

4

-82,805

82,806

0

-54

-86,484

86,551

0

0

-73,454

61,386

426

-3,411

-63,193

59,198

6,629

1,567

-101,124

97,002

2,749

397

-92,928

Dividends paid on common stock

13,771

12,225

12,200

12,254

14,161

10,706

11,426

11,084

11,333

10,120

10,120

10,138

10,115

9,533

10,431

10,457

10,456

9,822

9,806

9,821

10,292

9,617

9,651

9,667

9,689

9,029

9,029

9,064

9,080

8,419

8,424

8,460

8,487

7,748

7,761

7,802

7,798

7,444

8,171

8,172

8,170

Debt issuance costs

7,544

4,825

0

0

0

-

-

-

-

321

0

0

16,643

0

0

0

0

-

-

-

-

0

0

-43

5,062

0

5,700

0

0

-10

98

106

9,643

-

-

-

-

-

-

-

-

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,366

90

947

16

-108

21

531

-621

62

99

1,268

2,045

156

48

1,652

1,609

613

94

358

Proceeds from stock option exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

40

155

-

-

-

-

1,617

898

99

58

Repurchase of common stock under stock plan

12,664

-

12,112

206

15,046

-

0

311

2,746

-

892

0

3,231

-

7,420

10

2,204

-

354

0

2,538

1

6,189

0

5,267

0

400

0

2,160

-1

180

0

1,692

69

309

0

4,819

-

-

-

-

Payments for Repurchase of Common Stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,892

0

7,502

162,630

0

16,931

7,622

113

0

2,267

14,349

250,991

246

11,777

17,071

5,015

-

-

-

-

-

-

1

1,201

Net cash provided by financing activities

688,650

-362,285

-65,733

-4,716

287,209

-537,011

-72,126

57,265

258,262

-494,547

-27,800

853,735

505,367

-437,249

-138,284

107,705

178,360

-302,315

-57,824

39,834

98,983

-278,020

-47,147

143,268

52,653

-26,490

-112,326

66,508

-207,128

-278,595

155,117

-156,922

434,021

23,834

-51,923

33,048

317,151

-356,375

223,946

-5,721

-27,923

Effect of exchange rate changes on cash and cash equivalents

-5,051

2,705

-4,152

1,828

-1,116

554

-92

-5,424

1,260

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase

411,022

86,435

6,048

-30,059

68,581

-98,550

-9,851

6,680

121,007

-145,653

57,103

-208,538

325,931

-68,871

-26,906

53,853

-33,331

-4,258

-22,473

-2,402

-93,513

76,702

11,961

50,706

-77,241

25,990

21,278

-45,442

-306,971

43,083

53,643

-279,597

251,378

256,636

12,919

-8,236

-39,444

-217,906

341,053

-47,077

-206,598

Cash and cash equivalents:
Interest paid, net

23,518

11,168

44,561

13,100

39,969

14,337

41,848

22,239

39,953

19,067

42,842

23,452

12,234

18,572

14,630

18,994

13,275

18,413

13,981

18,151

13,409

20,115

15,870

19,980

13,782

20,497

8,760

20,731

8,022

21,160

8,714

11,177

18,566

12,919

17,361

11,410

17,387

14,439

15,569

10,294

13,483

Income taxes paid, net

22,056

9,583

7,433

6,701

16,933

7,772

8,097

9,468

21,835

20,013

16,966

25,195

8,065

11,941

2,499

22,113

21,594

12,144

19,240

15,887

2,419

26,203

15,037

21,188

3,868

24,869

37,557

41,919

9,868

23,198

14,315

27,460

14,083

34,148

7,759

-4,208

822

34,643

20,202

2,016

2,394