Snap-on Inc SNA Cash Flow

Snap-on inc (SNA)

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
Operating activities:
Net earnings
142,000	175,000	169,200	184,900	182,100	179,300	167,400	182,700	166,800	133,200	137,100	156,800	145,100	149,700	135,200	143,400	131,300	134,500	119,900	123,000	113,200	118,700	106,400	108,800	98,200	96,900	87,000	90,700	85,100	86,700	76,400	78,500	73,000	76,100	69,800	79,900	58,000	59,800	48,300	46,900	38,000
Adjustments to reconcile net earnings to net cash provided (used) by operating activities:
Depreciation
18,100	17,900	17,400	17,600	17,200	16,800	17,000	17,600	17,400	16,900	16,400	16,300	16,000	15,700	15,300	15,500	14,900	15,100	14,500	14,400	13,800	14,200	13,600	13,600	13,400	12,900	12,800	13,000	12,500	12,600	12,400	12,600	12,600	12,500	12,600	11,800	12,400	12,100	11,900	12,400	12,300
Amortization of other intangibles
5,700	6,000	5,500	5,400	5,400	6,100	6,200	6,400	6,600	6,900	7,100	6,500	7,100	6,000	5,900	6,200	6,100	6,300	6,000	6,200	6,200	6,300	6,100	6,100	6,200	6,100	6,600	6,500	6,300	6,900	6,600	6,600	6,400	6,700	6,200	6,500	5,900	6,100	6,100	5,900	5,900
Provision for losses on finance receivables
16,300	14,100	11,400	11,900	12,500	16,000	12,100	13,600	15,800	16,000	12,800	12,800	13,000	13,600	10,800	10,300	9,300	9,200	8,000	7,300	7,100	7,600	6,400	7,200	6,200	5,400	5,500	13,400	-3,900	4,900	5,100	12,600	-3,900	22,000	-15,100	8,200	-1,800	-2,400	-3,500	-4,600	-3,400
Provision for losses on non-finance receivables
5,000	3,900	5,700	3,700	5,000	3,400	3,900	3,500	2,000	2,600	3,300	2,400	2,200	1,400	1,400	1,500	3,200	2,800	2,900	3,000	4,900	3,600	4,100	3,200	3,400	2,500	1,700	2,100	4,100	5,000	1,300	3,500	2,800	300	4,400	13,900	-5,700	4,200	4,400	5,600	6,300
Stock-based compensation expense
1,100	5,100	4,600	6,800	7,300	4,600	8,000	7,900	6,700	8,900	7,000	7,000	7,400	9,500	7,300	8,400	5,800	10,000	6,700	11,600	11,500	10,800	8,600	10,100	8,600	9,600	9,400	10,000	9,500	7,100	8,900	7,400	8,700	7,900	200	6,300	5,900	4,600	4,300	3,000	3,000
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,400	900	3,000	11,000	3,600	700	2,700	6,900	3,300	600	1,900	4,000	3,200	2,300	700	2,000	600	200	700	1,300	900	400	0	200
Deferred income tax (benefit) provision
-3,600	23,500	-1,700	7,000	5,400	20,600	-2,800	-4,500	400	22,400	-13,200	-4,300	7,400	13,800	-6,800	-15,100	9,400	1,100	-9,300	-7,600	10,700	6,300	-300	-9,600	6,800	6,700	-8,100	-3,500	14,400	25,700	1,000	-10,800	13,400	14,300	-4,800	-8,000	3,600	6,700	-7,700	-12,800	-4,200
Loss on sales of assets
-100	-100	-200	-300	-300	200	-600	-200	100	100	-100	0	200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	100	0	0	100	800	-	-	-	-	-	-	-	-
Settlement of treasury lock
-	-	-	-	-	-	-	-	-	0	0	0	14,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on early extinguishment of debt
-	-	-	-	-	0	0	0	-7,800	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities, net of effects of acquisitions:
Trade and other accounts receivable
-34,300	7,300	12,300	10,900	-14,800	21,200	17,400	10,700	-1,600	4,700	24,000	24,900	1,900	9,800	25,400	1,000	4,800	-100	18,000	6,600	20,200	-4,300	25,700	5,000	31,000	14,200	17,900	-2,400	12,300	24,500	16,000	5,900	-3,000	21,500	11,900	-6,100	9,500	16,400	16,500	900	22,700
Contract receivables
-1,200	8,000	15,900	3,100	-6,100	3,000	23,400	6,700	-2,200	10,000	26,200	3,500	2,100	1,100	25,300	5,800	-300	3,100	21,800	6,400	3,300	5,800	17,800	8,000	5,900	2,300	24,100	800	6,500	3,200	24,400	9,300	4,200	8,200	21,300	14,500	7,500	15,800	19,500	14,100	10,700
Inventories
23,800	-300	44,500	19,600	33,200	-10,700	24,800	14,300	10,200	-10,900	38,600	31,000	17,300	2,800	17,900	2,100	9,900	-23,800	31,300	11,800	24,000	3,600	29,100	9,900	18,500	-3,500	16,700	15,700	3,100	-14,000	8,000	15,300	4,100	-8,300	19,400	20,500	29,300	6,200	12,800	14,000	22,200
Prepaid and other assets
-3,200	5,200	-10,000	7,300	19,700	-11,500	7,500	-6,400	0	300	-200	2,400	7,500	-16,600	3,700	9,300	15,500	200	-10,400	11,400	27,000	18,700	-3,100	15,600	19,700	-15,200	5,700	10,500	9,300	-7,200	5,000	6,600	20,400	1,700	9,000	13,500	11,500	3,000	0	16,200	6,900
Accounts payable
1,900	-11,800	-7,400	14,800	1,800	2,300	-200	15,900	9,500	-28,700	-1,200	7,400	20,300	-11,400	3,600	9,100	15,000	-30,900	7,800	2,900	24,900	-23,600	-1,800	11,400	7,000	-8,300	2,400	4,400	9,900	-7,200	3,700	5,100	15,000	-7,500	-4,200	-3,500	-6,300	17,900	-5,900	7,600	6,600
Accruals and other liabilities
11,900	-16,900	-11,100	-66,000	-3,700	-31,000	-9,300	-31,100	5,400	19,500	14,700	-16,000	-12,000	-41,000	11,600	1,000	-23,500	-7,800	18,800	38,400	-28,700	-14,300	15,100	14,600	20,500	-8,200	31,900	7,800	-34,700	-29,100	10,000	21,900	-42,300	-18,800	17,400	-70,800	0	-8,200	-4,300	27,500	1,800
Net cash provided by operating activities
213,400	196,700	131,100	145,500	201,300	215,900	129,800	186,900	231,900	193,500	95,500	127,100	192,400	160,500	111,900	162,100	141,600	155,100	113,700	160,300	78,100	102,400	88,000	124,400	88,300	122,500	84,300	110,100	75,700	102,900	69,700	91,700	65,000	72,300	42,000	-13,700	27,900	64,300	10,200	55,500	10,400
Investing activities:
Additions to finance receivables
212,800	213,800	197,000	220,600	210,500	222,100	206,800	231,100	205,600	222,000	211,200	231,800	227,000	223,600	216,300	244,200	230,900	215,000	213,200	217,200	198,800	197,000	178,600	200,900	169,700	168,900	160,900	177,100	144,400	143,500	140,700	149,900	135,500	132,600	124,900	133,400	128,200	123,100	128,200	135,600	110,700
Collections of finance receivables
190,700	189,200	181,600	191,600	191,900	183,700	184,100	190,800	189,100	183,800	176,000	179,100	173,800	170,000	160,300	167,300	174,100	148,200	157,300	159,100	160,200	166,300	142,800	142,900	139,400	135,100	126,600	124,600	122,500	116,600	112,700	110,100	106,100	97,200	89,000	83,900	86,800	74,100	62,800	62,800	45,500
Capital expenditures
17,200	21,600	29,600	28,000	20,200	22,400	29,900	20,600	18,000	24,700	22,900	15,800	18,600	17,700	16,500	20,600	19,500	16,100	18,500	27,700	18,100	17,300	22,300	22,700	18,300	19,900	19,300	16,700	14,700	19,900	19,700	18,000	21,800	14,600	13,300	14,700	18,600	28,300	10,500	6,600	5,700
Acquisitions of businesses, net of cash acquired
6,100	-300	29,600	8,000	1,300	0	0	0	3,000	0	2,700	70,700	9,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Disposals of property and equipment
0	1,400	-100	200	200	400	-200	100	400	100	500	-100	1,000	300	500	1,200	200	-	-	-	-	200	100	300	200	7,700	200	200	300	200	200	300	1,900	700	300	2,500	200	100	6,000	1,700	100
Other
4,400	-3,100	2,100	400	-1,200	400	-4,200	2,900	0	-3,800	1,800	-700	1,400	-2,100	-2,800	-1,000	3,500	-4,000	-500	0	2,800	-1,800	-1,100	-2,300	2,500	-1,500	-1,500	300	10,200	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used by investing activities
-49,800	-41,400	-76,800	-65,200	-38,700	-60,800	-48,600	-63,700	-37,100	-59,000	-62,100	-138,600	-81,700	-229,300	-69,200	-95,300	-79,600	-74,600	-86,900	-85,400	-59,500	-46,000	-56,600	-119,700	-50,900	-44,500	-51,900	-107,500	-46,500	-19,500	-46,800	-57,500	-49,300	-49,400	-48,900	-61,500	-59,800	-76,900	-69,900	-85,400	-70,800
Financing activities:
Proceeds from issuance of long-term debt
-	-	-	-	-	0	0	0	395,400	0	0	0	297,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of long-term debt
-	-	-	-	-	0	0	0	457,800	0	0	0	150,000	-	-	-	-	-	-	-	-	0	0	0	100,000	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	150,000
Proceeds from notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,800	4,700	0	6,500	4,500	4,000	1,600	9,600	3,300	8,300	3,800	6,400
Repayments of notes payable
-	-	-	-	-	0	0	0	16,800	0	4,500	0	0	0	4,500	0	800	-	-	-	-	-	-	-	-	1,900	0	0	500	16,200	5,600	800	7,700	1,600	4,300	3,500	8,500	4,500	5,600	5,900	5,800
Net decrease in other short-term borrowings
-41,900	-29,300	65,100	25,600	-43,800	20,800	38,100	-16,100	-21,100	-20,400	91,400	83,000	-135,700	119,400	8,200	3,800	3,600	-51,600	11,600	-17,600	22,800	-1,500	9,400	29,800	4,000	-4,000	3,100	2,400	6,600	-2,300	5,200	1,200	-1,000	-	-	-	500	-900	200	100	400
Cash dividends paid
59,000	59,000	52,300	52,500	52,800	53,100	46,100	46,300	46,500	46,400	40,700	41,100	41,200	41,200	35,400	35,500	35,400	35,400	30,800	30,800	30,900	30,800	25,600	25,600	25,600	25,500	22,100	22,300	22,100	22,100	19,800	19,500	20,100	20,200	19,000	18,600	18,900	18,700	17,600	17,600	17,400
Purchases of treasury stock
50,500	71,200	59,700	60,100	47,400	99,700	85,700	55,200	43,500	75,300	90,100	86,700	35,800	44,000	17,900	35,400	23,100	8,800	14,700	37,200	49,700	11,800	5,000	40,400	22,100	15,100	5,400	40,400	21,700	16,300	23,700	8,200	29,900	0	2,900	16,900	17,600	-	-	-	-
Proceeds from stock purchase and option plans
1,500	25,200	1,600	19,800	4,800	1,400	25,800	16,800	11,500	10,000	1,600	20,500	14,100	9,400	4,000	18,500	9,900	1,900	3,200	22,000	14,500	2,200	-1,300	19,300	12,800	1,300	1,800	18,700	7,400	6,500	17,800	9,200	13,300	-2,400	1,800	14,500	11,800	7,400	3,300	11,000	2,000
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,400	900	3,000	11,000	3,600	700	2,700	6,900	3,300	600	1,900	4,000	3,200	2,300	700	2,000	600	200	700	1,300	900	400	0	200
Other
-7,200	-4,900	-4,200	-5,900	-8,400	-4,500	-3,400	-4,500	-11,700	-4,500	-4,000	900	-15,800	-12,800	-3,800	-4,000	-3,500	-13,600	-3,400	-4,300	-3,000	-8,100	-3,000	-2,900	-3,100	-2,500	-3,300	-2,400	-3,000	-2,500	-2,400	-2,700	-3,600	-2,200	-2,300	-2,100	-2,100	-1,900	-2,100	-1,900	-2,000
Net cash used by financing activities
-157,100	-139,200	-49,500	-73,100	-147,600	-135,100	-71,300	-105,300	-190,500	-136,600	-29,500	-23,400	-66,600	30,800	-44,900	-52,600	-49,300	-105,600	-30,900	-64,900	-35,300	-46,400	-21,500	-17,100	-127,100	-42,700	-25,300	-40,500	-29,300	-44,900	-21,500	-20,100	-40,500	-22,100	-222,900	-24,800	-23,900	224,600	-13,100	-10,500	-166,200
Effect of exchange rate changes on cash and cash equivalents
-5,200	900	-1,300	400	500	-1,300	0	-3,100	1,200	0	1,200	900	1,300	-	-	-600	800	-1,300	-1,300	200	-1,800	-1,800	-1,000	400	-100	-200	700	-1,000	-800	-100	1,100	-2,100	800	-900	-2,700	900	900	300	1,900	-1,100	-500
Increase in cash and cash equivalents
1,300	17,000	3,500	7,600	15,500	18,700	9,900	14,800	5,500	-2,100	5,100	-34,000	45,400	-39,900	-2,400	13,600	13,500	-26,400	-5,400	10,200	-18,500	8,200	8,900	-12,000	-89,800	35,100	7,800	-38,900	-900	38,400	2,500	12,000	-24,000	-100	-232,500	-99,100	-54,900	212,300	-70,900	-41,500	-227,100
Supplemental cash flow disclosures:
Cash paid for interest
20,700	1,500	21,400	1,800	21,600	1,800	21,900	1,500	26,300	1,500	24,800	900	24,000	1,800	23,700	1,600	23,900	1,600	23,800	1,700	23,700	1,700	23,300	1,600	26,200	1,700	26,400	1,500	25,900	1,800	26,100	1,500	26,200	400	34,600	200	24,100	800	25,900	500	28,200
Net cash paid for income taxes
15,100	50,700	48,300	73,800	18,400	39,900	50,700	86,000	11,400	59,800	68,500	85,800	14,000	71,600	69,200	88,800	17,700	67,700	57,800	45,700	20,700	55,300	48,000	71,200	16,700	45,500	37,900	101,100	-21,600	33,800	98,900	-32,200	-6,900	237,600	-36,900	-80,600	8,700	-211,900	40,900	42,500	10,200