Scotts Miracle-Gro Co SMG Cash Flow

Scotts miracle-gro co (SMG)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09
OPERATING ACTIVITIES
Net income
252,400	-71,300	-58,200	201,600	396,500	-79,700	-146,900	82,800	149,000	-21,200	-33,500	152,000	165,200	-64,900	-26,900	212,600	209,900	-80,800	-24,600	133,000	124,300	-74,000	-15,500	121,700	125,600	-65,600	-19,400	148,200	100,000	-67,700	-40,100	93,300	127,200	-73,900	-53,400	111,600	177,600	-67,900	-32,600	175,900	118,500	-57,700
Adjustments to reconcile net income to net cash used in operating activities:
Impairment, restructuring and other
0	0	200	0	0	500	98,100	23,400	0	0	-	-	-	-	-	-	-	-	0	0	700	3,600	0	33,700	0	0	11,600	0	0	4,600	0	0	5,300	0	-	-	-	-	-	-	-	-
Costs Related to Refinancing (Non-cash)
0	15,100	-	-	0	0	-	-	-	-	-	-	-	-	0	0	0	2,200	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation expense
12,000	7,000	10,000	11,400	10,400	6,600	10,400	14,300	9,700	6,000	4,700	5,400	12,800	2,300	1,900	2,400	9,100	2,200	1,800	2,100	7,200	2,100	2,400	2,300	4,600	1,800	-100	1,900	6,600	1,900	1,900	1,700	7,300	1,600	1,700	3,500	6,500	4,300	3,900	4,300	5,300	2,900
Depreciation
15,300	14,800	14,100	13,900	13,900	14,000	14,200	13,700	12,800	12,700	13,700	13,800	13,600	14,000	13,600	12,900	13,800	13,500	13,200	13,300	12,400	12,500	12,800	12,100	12,700	13,000	13,900	13,600	13,800	13,600	-	14,200	12,500	12,900	13,000	12,700	12,400	12,200	12,200	12,100	12,000	12,200
Amortization
8,200	7,600	8,200	8,400	8,500	8,300	8,400	7,500	7,000	7,100	6,600	6,100	6,200	6,100	5,600	4,600	4,900	4,600	5,300	5,200	3,400	3,700	3,600	3,800	3,300	3,100	3,100	2,700	2,700	2,700	3,600	2,400	2,200	2,700	2,700	3,300	2,900	2,500	2,600	2,700	2,700	2,900
Deferred taxes
-1,000	-2,100	-1,500	5,700	-36,200	-1,300	-39,700	-2,000	1,700	-47,600	-17,400	0	-2,100	2,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on long-lived assets
200	0	100	-300	-1,000	100	200	200	0	200	800	3,300	-700	-100	-400	900	200	100	600	-1,200	600	0	-2,400	1,500	-100	-100	2,900	-800	0	0	-200	0	200	-100	-	-	-	-	900	-100	0	21,600
Gain on sale / contribution of business
-	-	-	-	-	-	-	-	-	200	-	-	-	-	-11,400	142,600	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale / contribution of business
-	-	-	-	-	-	-	-	-	-	-	-	-	300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in income and distributions from unconsolidated affiliates
0	0	0	0	-2,900	1,300	1,600	1,200	1,500	600	1,100	5,800	-24,100	-15,400	3,800	-3,500	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in assets and liabilities, net of acquired businesses:
Accounts receivable
939,700	-72,900	-436,600	-287,900	824,600	-100,700	-395,100	-245,200	760,600	-117,600	-417,200	-381,300	889,500	-139,600	-418,000	-386,800	969,000	-134,400	-463,100	-259,100	883,600	-148,900	-404,300	-341,600	920,800	-145,500	-374,400	-282,300	802,400	-163,600	-286,600	-513,900	949,200	-141,800	-363,300	-448,800	941,200	-139,500	-300,600	-388,100	825,000	-125,600
Inventories
-118,000	324,700	11,600	-143,100	-70,600	267,100	-19,400	-179,000	-98,600	282,700	-9,100	-202,400	-100,400	308,300	-23,200	-171,700	-129,800	354,100	-3,600	-194,700	-85,400	301,200	-24,600	-159,400	-56,200	278,900	-64,700	-225,500	-30,600	231,800	-56,400	-133,800	-55,900	269,200	-50,000	-114,300	-23,200	225,300	-64,700	-122,100	-64,000	200,000
Prepaid and other assets
8,300	26,800	-13,400	-18,500	-5,500	48,400	-30,700	3,600	15,400	-6,300	-12,600	-4,200	27,600	1,400	-18,200	-20,700	41,700	6,500	-17,500	-22,100	31,000	6,800	-11,800	-24,500	32,600	6,900	-15,700	-22,700	35,800	2,300	-5,100	-37,700	25,500	0	-400	-26,400	25,700	8,700	-4,700	-33,700	31,900	10,200
Accounts payable
15,600	114,200	-25,400	-74,800	61,400	93,100	-50,200	-67,600	29,900	84,000	-52,300	-105,800	66,300	100,800	-96,400	-53,900	62,400	42,600	-118,900	8,100	84,700	33,000	-93,200	-63,000	110,300	98,500	-102,300	-94,900	143,800	48,200	-104,500	-103,600	124,800	76,400	-107,800	-109,500	143,400	80,000	-76,100	-88,300	26,400	106,800
Other current liabilities
231,100	-115,700	-80,900	-107,600	296,900	-58,700	-13,100	-79,700	180,600	-83,300	-61,100	-60,100	252,900	-104,800	-124,300	-60,300	293,100	-85,600	-101,500	1,400	206,800	-93,800	-170,000	30,200	205,000	-88,100	-171,400	98,800	170,200	-92,200	-194,300	45,800	223,000	-90,400	-198,300	-19,600	255,100	-113,700	-187,600	120,400	182,800	-139,700
Restructuring and other
1,800	-2,300	-16,600	-27,700	-57,100	1,200	25,800	69,100	8,000	-2,800	6,900	-1,000	-3,000	-11,600	2,300	-700	1,300	-10,200	-24,900	34,200	700	2,100	2,300	3,500	3,300	-4,200	-3,100	-900	-1,000	-3,100	-5,200	-3,100	-8,100	-3,000	-	-	-	-	-	-	-	-
Other non-current items
-4,200	6,500	-15,900	9,200	5,400	1,600	1,100	-400	7,700	5,200	2,800	9,400	400	-2,200	56,600	-47,600	4,200	-1,400	6,600	300	2,300	-5,800	-8,200	19,900	4,600	-1,700	15,500	8,800	4,600	3,700	4,200	1,400	2,700	700	-15,700	7,700	6,600	-11,600	-	-	-	-
Other, net
-	400	-	-	-	-400	1,300	1,000	-200	400	0	-800	-1,200	1,100	-2,700	5,700	-1,600	2,200	6,000	1,200	-10,200	2,900	-6,100	-2,000	700	200	7,500	-3,600	-600	-2,400	-15,900	800	8,200	600	-10,700	-4,300	8,900	-4,200	2,300	14,600	-3,200	-2,100
Net cash used in operating activities
-288,900	-318,200	304,500	468,400	-312,700	-233,400	345,900	479,400	-272,300	-210,500	271,600	580,600	-279,200	-209,800	272,900	598,900	-289,200	-338,600	222,700	672,900	-381,700	-267,000	206,600	648,900	-434,400	-180,200	198,900	688,400	-376,700	-168,600	38,300	735,500	-419,300	-201,100	135,600	590,500	-434,300	-169,700	139,700	767,600	-434,700	-176,700
INVESTING ACTIVITIES
Proceeds from sale of long-lived assets
-	-	-	-	-	-	3,900	1,000	200	-	700	200	4,700	100	0	2,200	100	100	200	100	5,200	0	-	-	-	-	100	3,400	0	100	200	0	500	0	-	-	-	-	900	0	0	23,600
Investments in property, plant and equipment
7,500	21,900	13,600	7,900	8,200	12,700	27,500	7,600	13,700	19,400	27,600	9,200	16,700	16,100	22,600	11,300	8,300	16,100	20,500	13,200	13,500	14,500	19,100	15,500	9,600	43,400	17,400	8,100	9,600	25,000	30,400	13,300	9,300	16,400	19,400	8,800	16,400	28,100	36,500	9,000	18,500	19,400
Investments in loans receivable
-5,000	2,500	20,800	-39,200	18,400	0	11,800	-2,400	2,400	5,300	29,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net distributions from unconsolidated affiliates
-	-	-	-	-	-	-	-	-	-	-57,600	0	100	100	0	-196,100	1,200	800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in unconsolidated affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in acquired businesses, net of cash acquired
0	0	0	0	0	6,600	0	420,900	2,000	70,000	32,500	11,300	0	77,900	-3,000	161,400	0	0	1,100	128,600	39,400	11,100	54,000	0	0	60,000	0	0	0	3,200	0	7,000	0	0	-	-	-	-	-	-	-	-
Other investing, net
400	1,300	-3,400	-2,600	1,200	-2,200	-2,800	-10,700	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by investing activities
107,800	-25,700	-8,300	33,800	246,800	-17,100	-18,400	-414,400	-53,200	-94,700	148,800	-20,300	-12,100	-94,000	-19,600	-16,600	-81,400	-16,800	-321,400	-141,700	-47,700	-25,600	-34,500	-12,200	-5,500	-103,400	-17,300	-9,200	-9,600	-28,100	-30,200	-20,300	-8,800	-16,400	-26,500	-25,500	233,600	-28,100	-35,600	-9,000	-18,500	4,200
Financing Activities
Borrowings under revolving and bank lines of credit and term loans
623,600	465,700	117,400	160,900	391,100	386,800	1,370,000	444,400	599,200	573,400	86,500	418,200	485,600	459,000	186,500	309,400	648,900	924,300	395,300	245,200	655,900	539,600	192,300	25,000	1,207,200	508,300	189,900	118,100	703,000	463,800	152,100	-173,700	1,258,600	447,000	190,900	425,500	735,500	258,200	93,600	82,300	373,100	472,400
Repayments under revolving and bank lines of credit and term loans
356,300	112,800	416,500	634,800	277,900	116,300	1,644,200	425,300	107,400	136,000	413,000	810,300	112,700	282,300	387,500	803,100	208,600	751,200	282,100	725,400	283,400	167,100	242,900	621,100	464,200	197,100	334,600	774,600	308,700	264,200	145,200	517,000	826,700	205,700	172,900	807,900	417,300	234,000	156,600	794,400	123,400	317,000
Proceeds from Issuance of Senior Long-term Debt
0	450,000	-	-	0	0	-	-	-	-	0	0	0	250,000	0	0	0	400,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	200,000	-	-	-	-
Repayments of senior debt
0	400,000	-	-	0	0	-	-	-	-	-	-	-	-	0	0	0	200,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of Financing Costs
100	18,600	-	-	0	0	-	-	-	-	100	400	400	3,500	0	700	0	10,500	500	0	0	0	0	0	0	6,100	0	0	0	0	-	-	-	-	400	14,400	0	4,100	-	-	-	-
Dividends paid
33,000	32,400	32,400	30,500	31,200	30,400	30,400	29,300	29,800	30,500	30,900	29,500	29,900	30,000	30,200	28,700	28,800	28,900	28,900	27,600	27,400	27,400	149,500	26,800	27,200	27,300	27,100	20,100	20,700	19,900	19,900	18,300	18,300	18,900	18,500	16,100	16,500	16,800	16,700	8,300	8,300	9,300
Purchase of Common Shares
50,400	0	100	0	2,500	500	14,100	56,800	160,600	96,200	72,200	83,800	55,600	43,600	56,200	38,400	42,800	0	0	0	0	14,800	30,500	29,900	51,100	8,500	0	0	0	0	0	0	0	17,500	140,000	125,000	68,700	25,000	-	-	-	-
Payments on seller notes
0	500	0	0	0	800	100	5,800	0	3,000	0	15,500	6,700	6,500	500	0	1,500	800	700	0	800	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from share-based payment arrangements
-	-	-	-	-	-	-	-	-	-	3,400	500	3,200	800	1,500	100	4,100	100	1,800	100	2,300	500	500	1,600	1,000	2,800	1,000	300	300	400	1,600	200	1,000	3,800	200	1,000	2,900	1,500	2,500	200	1,100	2,600
Cash received from exercise of stock options
1,200	900	18,200	900	1,200	1,100	1,800	4,900	2,800	1,000	7,700	1,600	400	1,300	4,800	700	8,000	1,200	7,800	300	10,000	6,200	5,700	6,400	2,800	5,100	8,000	2,600	2,000	700	1,000	4,200	6,800	5,600	2,100	7,600	15,300	6,500	7,700	1,900	7,000	5,900
Acquisition of noncontrolling interests
-	-	-	-	-	-	1,500	-3,000	2,100	70,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Provided by (Used in) Financing Activities, Total
185,000	352,300	-313,600	-503,500	80,700	239,900	-324,600	-64,900	302,100	238,600	-418,600	-519,200	275,800	345,200	-281,600	-560,700	379,300	334,200	92,700	-507,400	356,600	337,000	-224,400	-644,800	467,700	277,200	-162,800	-673,700	375,100	180,800	-10,400	-704,600	421,400	214,300	-138,900	-529,300	251,200	186,300	-94,900	-718,500	442,500	154,600
Effect of exchange rate changes on cash
-500	200	-200	200	100	-700	1,400	-3,500	1,900	600	-400	3,700	1,100	-2,800	1,200	-1,700	-400	-1,200	-2,500	1,300	-2,500	-3,600	-5,600	2,600	300	1,200	5,600	800	-5,300	-400	1,900	-700	1,300	100	-3,600	-100	-600	2,200	1,200	-700	-2,500	-1,200
Net increase (decrease) in cash and cash equivalents
3,400	8,600	-17,600	-1,100	14,900	-11,300	4,300	-3,400	-21,500	-66,000	1,400	44,800	-14,400	38,600	-27,100	19,900	8,300	-22,400	-8,500	25,100	-75,300	40,800	-57,900	-5,500	28,100	-5,200	24,400	6,300	-16,500	-16,300	-400	9,900	-5,400	-3,100	-33,400	35,600	49,900	-9,300	10,400	39,400	-13,200	-19,100
SUPPLEMENTAL CASH FLOW INFORMATION
Interest paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,700	9,400	11,200	-	17,800	13,000	11,600	11,000	18,400	15,800	11,400	-200	18,100	17,700	13,000	10,900	15,000	23,400	-4,800	70,800	-9,200	-28,700	8,700
Call premium on 6.625% Senior Notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	43,400	1,700	8,600	-	27,700	-15,400	2,200	73,400	6,700	-38,900	2,800	61,000	5,300	3,300	10,000	52,000	58,900	7,100	-2,900	123,200	-30,000	-4,200	-4,800