SONOCO PRODUCTS COMPANY SON Cash Flow

Sonoco products company (SON)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jul'18	Apr'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
Cash Flows from Operating Activities:
Net income
80,236	45,331	92,283	81,286	73,768	77,349	72,820	89,645	74,925	6,050	73,411	43,656	54,330	104,995	65,978	56,718	60,190	56,312	43,995	64,629	85,688	49,085	67,865	59,544	50,341	52,161	56,107	55,046	47,793	42,117	59,029	51,351	42,912	29,528	77,173	53,706	57,637	34,744	59,221	58,956	48,553
Adjustments to reconcile net income to net cash provided by operating activities:
Asset impairment
3,106	18,664	-922	5,884	1,400	3,167	2,494	-29	162	18,531	0	1,149	337	-35	2,958	4,199	0	9,635	12,311	2,187	275	4,016	3,348	299	492	886	502	5,807	1,043	2,551	1,184	936	3,756	3,513	3,496	5,689	-180	653	8,144	1,067	98
Depreciation, depletion and amortization
60,824	66,055	56,107	58,364	58,614	59,350	56,493	62,334	58,068	58,495	55,481	54,641	49,008	48,640	51,012	51,958	53,572	55,945	53,192	52,147	51,877	53,990	49,212	48,337	47,179	52,097	47,320	51,023	47,231	51,244	48,026	49,903	51,230	48,260	43,932	43,338	44,341	45,257	43,128	40,867	40,413
Gain on adjustment of environmental reserves
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-32,543	0	0	0	0	-256	-164	-411	-1,017	-1,476	-410	-684	-226	-580	-740	-358	-281	-198	-351	-679	-459
Share-based compensation expense
597	2,534	2,934	4,306	4,560	1,288	3,320	3,074	3,048	4,460	3,346	2,656	3,026	5,012	4,612	4,825	4,840	4,474	430	475	3,878	5,310	2,544	3,685	5,560	3,814	2,628	2,595	2,435	2,379	-354	2,733	4,093	2,063	1,755	2,802	5,482	3,447	3,190	3,861	5,306
Equity in earnings of affiliates
513	931	1,799	1,511	930	2,204	4,049	3,716	1,247	2,162	2,521	2,845	1,954	3,778	3,190	2,928	1,339	3,125	2,976	3,269	1,046	2,990	2,294	3,126	1,476	3,796	2,512	3,824	1,897	4,569	2,937	3,912	1,387	3,598	3,083	3,416	1,964	3,417	3,871	2,991	1,226
Cash dividends from affiliated companies
350	2,618	705	2,772	525	2,367	2,453	1,850	900	1,500	2,782	735	1,950	3,141	2,515	3,425	1,150	2,651	4,330	700	450	4,315	1,967	2,627	900	4,995	4,976	1,435	2,225	3,459	4,620	350	900	8,686	875	1,050	1,065	6,708	6,990	0	3,425
Net (gain)/loss on disposition of assets
2,520	3,065	132	-1,783	-2,160	-1,613	-7,855	606	227	-1,206	-548	-331	46	636	-3,518	-12,533	1,242	-754	-737	-1,159	8,369	930	233	68	872	-793	186	1,165	-65	2,300	4,562	-687	515	-1,649	284	-198	-344	-586	-3,086	1,088	1,162
Pension and postretirement plan expense
14,722	30,904	8,190	6,591	7,056	9,149	8,328	8,916	8,492	12,261	11,085	42,807	12,353	11,116	11,921	11,587	10,657	14,464	14,879	14,953	13,012	10,655	10,349	10,318	9,113	15,268	15,312	17,651	13,715	13,050	14,749	12,689	12,368	9,974	9,676	8,729	8,474	14,447	11,517	13,377	13,258
Pension and postretirement plan contributions
24,812	5,699	11,956	196,226	17,353	-1,966	3,193	5,422	18,724	56,030	4,038	4,954	43,557	6,770	4,299	3,605	32,042	6,593	4,298	8,101	17,017	7,523	4,829	10,077	43,515	11,493	5,702	9,326	15,486	10,979	5,116	8,516	50,448	18,406	13,209	12,346	98,136	10,850	4,306	3,961	10,077
Tax effect of share-based compensation exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	289	1,075	170	1,120	86	2	109	3,404	1,577	311	366	1,664	4,595	2,878	1,481	2,508	1,595	-254	253	4,104	1,351	883	1,003	2,728	2,710	373	1,521	459
Excess tax benefit of share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	289	1,075	170	1,161	97	4	121	3,400	1,615	381	372	1,758	9,132	1,575	772	977	815	0	224	1,643	770	353	941	1,954	2,086	328	1,405	390
Net increase/(decrease) in deferred taxes
-6,933	49,328	5,583	-39,045	1,092	-3,323	-2,171	-5,595	1,669	-22,679	-7,361	9,950	-463	5,589	615	-3,833	220	3,972	1,778	-12,892	3,405	22,045	11,807	2,839	2,069	14,032	6,754	4,378	10,496	18,637	1,801	-4,470	1,182	18,560	-2,800	-3,988	-736	12,217	11,250	-7,124	-3,845
Change in assets and liabilities, net of effects from acquisitions and foreign currency adjustments:
Trade accounts receivable
64,868	-93,189	-12,617	6,155	40,036	-96,380	13,155	25,686	19,346	-27,135	15,770	45,136	10,002	-24,517	28,832	-1,266	41,623	-55,396	37,710	-15,852	48,936	-64,086	15,879	15,985	68,142	-81,275	16,978	33,534	30,601	-57,831	12,718	-4,393	48,316	-43,942	17,306	13,191	65,929	-39,249	10,733	32,026	62,900
Inventories
12,185	-3,274	-16,182	-3,806	20,631	-2,788	-7,803	-1,073	17,814	1,102	2,170	3,043	9,752	226	-4,709	4,780	11,218	-9,415	-6,038	11,954	6,066	-5,212	-11,684	7,481	3,185	19,653	-1,843	-800	15,517	-13,835	-18,485	5,287	9,952	-34,734	12,490	452	18,369	14,933	3,590	10,918	27,630
Payable to suppliers
6,820	-18,200	-4,341	-17,605	14,763	-49,418	28,322	6,449	10,267	-25,095	17,437	-2,800	14,684	-2,128	15,347	9,544	-17,213	-14,232	11,668	7,819	7,094	-1,512	9,547	7,502	11,313	-10,356	12,865	24,469	44,031	-41,575	5,678	-23,968	43,855	-38,393	-5,973	-4,986	35,554	-10,849	2,152	5,120	46,832
Prepaid expenses
2,853	-4,563	-4,443	2,339	2,637	-33	-476	1,400	4,202	-2,394	-2,754	4,034	1,224	-1,129	-2,619	3,050	-4,427	-2,287	2,039	7,544	-530	2,510	148	9,280	1,344	35	-4,442	4,306	2,094	-4,672	-2,001	5,644	-85	-3,130	-1,462	7,371	-220	-1,890	-3,305	6,727	-202
Accrued expenses
16,338	-22,140	37,352	9,124	-16,865	-16,200	34,341	1,241	-229	-15,835	30,518	-17,739	-11,550	-28,092	24,839	-2,318	-6,171	-30,047	39,405	9,977	-4,036	-33,456	7,124	11,212	6,407	-19,177	42,887	-4,354	-10,331	-14,121	16,983	-8,232	1,311	-15,596	35,208	-5,433	-26,353	-17,290	23,997	9,757	3,293
Income taxes payable and other income tax items
4,687	26,608	6,583	-38,390	11,400	32,064	-12,019	-18,214	17,183	-68,294	9,544	-21,713	10,283	-44,864	10,754	-16,218	28,415	13,401	3,300	-14,884	15,301	-11,295	2,526	-15,174	25,054	37,560	-76,807	1,373	31,811	-15,498	38,760	16,673	-33,067	653	13,849	19,830	-41,676	26,512	8,500	27,951	-12,970
Other assets and liabilities
-851	28,859	3,251	2,973	-17,617	32,549	-5,808	-6,379	-10,178	18,198	11,941	-2,019	951	-3,454	1,218	6,887	-13,805	5,133	-96	-2,230	3,171	6,371	-7,409	10,162	-5,664	1,715	5,032	210	-10,891	-5,087	22	2,789	-11,100	14,027	4,540	-1,718	-2,535	9,840	-540	-1,930	-6,666
Net cash provided by operating activities
87,713	187,032	198,737	-52,238	92,319	138,382	200,268	131,483	119,765	67,249	177,827	35,780	67,398	50,002	162,628	119,662	66,387	134,790	145,058	112,752	60,330	150,518	161,863	60,070	45,464	116,743	176,804	108,156	136,324	111,388	152,155	42,896	97,476	113,367	99,833	45,921	-13,846	114,550	145,214	41,586	73,786
Cash Flows from Investing Activities:
Purchases of property, plant and equipment
33,851	48,922	44,740	60,115	42,157	57,154	46,568	47,492	41,360	44,175	45,919	48,364	50,455	44,668	43,299	43,089	55,685	51,426	54,156	45,759	40,954	41,789	49,401	48,169	37,717	28,516	44,948	43,439	55,539	56,649	53,780	56,469	47,964	48,886	44,269	41,926	38,291	44,751	42,127	30,518	28,514
Cost of acquisitions, net of cash acquired
3,973	187,371	110,554	0	455	126,182	9,690	141,305	0	367	165,869	-3,928	221,417	67,294	20,475	863	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	503	-	-	-	-	-	-	-	-
Proceeds from the sale of assets
3,188	11,727	1,389	1,005	493	844	17,280	812	5,352	1,528	1,770	492	1,481	273,808	2,971	1,002	2,592	1,220	304	298	30,708	1,307	2,863	1,289	2,299	1,561	933	7,771	246	11,875	13,697	1,605	4,790	1,325	45	7,946	1,805	371	5,362	2,539	214
Investment in affiliates and other, net
462	-2,097	193	151	1,150	-2,234	340	411	148	-5,634	1,471	1,505	-133	-231	106	-123	-46	-116	-2	-33	2,808	-537	4,658	-116	-22	-25	-29	-57	3,628	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-34,174	-225,457	-153,712	-58,959	-40,969	-182,056	-38,638	-187,574	-35,860	-43,066	-208,547	-42,705	-270,258	162,077	-60,909	-51,263	-53,047	-50,090	-55,600	-61,125	-13,054	-363,113	-51,196	-57,728	-35,396	-27,207	-47,714	-35,611	-58,921	-44,748	-40,083	-54,864	-43,677	-603,551	-44,747	-44,375	-36,486	-48,005	-169,211	-38,193	-28,300
Cash Flows from Financing Activities:
Proceeds from issuance of debt
156,237	18,009	15,440	227,828	15,566	24,425	65,188	115,784	21,488	12,176	255,972	10,066	170,297	10,787	43,467	173,139	13,787	10,871	17,071	26,113	14,127	264,320	3,580	12,790	14,156	6,153	43,169	-5,590	14,220	1,890	2,068	1,802	1,808	669,359	1,337	3,767	6,456	357,321	2,270	3,330	2,494
Principal repayment of debt
7,833	29,890	28,667	46,374	34,651	123,351	64,347	73,902	19,662	21,122	161,737	16,824	17,637	37,288	20,200	237,824	10,993	77,512	81,813	10,773	12,802	19,357	6,856	12,950	10,461	122,291	34,069	-5,561	143,548	8,049	12,597	7,281	18,893	7,434	1,539	5,360	2,721	345,598	3,856	2,672	6,801
Net change in commercial paper
-185,000	118,000	30,000	-49,000	31,000	96,000	-67,000	-43,000	10,000	26,000	11,000	46,000	41,000	0	-14,000	14,000	0	-	-	-	-	-	-	-	-	0	0	-23,000	-129,000	142,000	-72,000	74,000	-19,000	-116,000	3,000	-30,000	140,000	-	-	-	-
Net increase/(decrease) in outstanding checks
6,594	3,118	4,093	-704	-10,993	2,134	-667	-243	-5,506	7,018	-695	-1,547	2,742	-6,959	1,541	-4,586	9,841	1,925	-1,405	-9,956	8,752	2,047	-4,627	3,733	182	-1,629	87	-2,175	892	-2,069	-1,557	-1,817	3,843	-1,345	-3,725	4,483	-7,946	13,170	-1,095	-2,516	-9,630
Proceeds from cross-currency swap
14,480	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends
43,202	-	-	-	41,136	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends
-	-	-	-	-	-	40,850	40,972	38,829	-	38,764	38,764	36,840	36,543	37,142	37,283	35,396	35,330	35,323	35,116	32,263	32,347	32,093	32,628	31,725	128,169	-65,045	31,418	30,303	30,234	30,194	30,178	29,165	29,003	28,970	28,909	28,076	28,324	28,193	28,169	27,070
Dividends paid to noncontrolling interests
0	0	0	0	214	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit of share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	289	1,075	170	1,161	97	4	121	3,400	1,615	381	372	1,758	105,672	-94,965	772	977	815	0	224	1,643	770	353	941	1,954	2,086	328	1,405	390
Shares repurchased
3,938	911	147	1,155	7,395	7,574	2,429	470	4,088	393	58	345	5,539	41,724	22,890	23,194	18,931	139	1	137	7,591	39,069	18,992	19,061	10,678	18,404	6,874	272	1,689	730	7	26	3,404	998	841	68	47,535	24,277	53	218	110
Shares issued
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	73	559	17	-3	145	1,165	2,891	-26	641	1,867	2,338	3,503	4,797	5,143	2,586	1,178	1,302	4,673	5,107	867	5,691	9,588	11,076	950	8,428	2,701
Net cash used in financing activities
-62,662	64,742	-22,290	82,571	-47,823	-84,149	-110,105	-42,803	-36,597	-15,090	65,718	-1,414	154,023	-111,438	-48,781	-115,505	-39,972	-100,071	-101,470	-29,603	-25,212	144,100	-73,633	3,897	-34,901	-156,330	-24,104	-51,325	-283,308	106,209	-113,109	38,026	-58,495	520,456	-29,518	-55,173	71,720	-77,434	19,290	-20,412	-38,026
Effects of Exchange Rate Changes on Cash
-12,825	3,113	-3,177	593	412	-2,212	1,208	-8,665	3,030	-2,089	5,319	3,140	4,401	-2,736	-1,365	2,516	-3,464	4,382	-12,340	-5,053	17,572	-1,893	-5,258	2,134	-1,327	-3,216	3,230	-5,309	-3,729	-908	6,175	-6,153	5,273	-1,038	-13,262	2,435	5,538	438	6,029	-3,831	-4,477
Net (Decrease)/Increase in Cash and Cash Equivalents
-21,948	29,430	19,558	-28,033	3,939	-130,035	52,733	-107,559	50,338	7,004	40,317	-5,199	-44,436	97,905	51,573	-44,590	-30,096	-10,989	-24,352	16,971	39,636	-70,388	31,776	8,373	-26,160	-70,010	108,216	15,911	-209,634	171,941	5,138	19,905	577	29,234	12,306	-51,192	26,926	-10,451	1,322	-20,850	2,983