Stericycle, Inc. SRCL Cash Flow

Stericycle, inc. (SRCL)

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 loss
-19,900	-219,200	-59,000	-30,200	-37,600	-319,200	23,500	27,600	22,500	89,600	39,000	-144,200	58,600	18,902	65,173	46,230	77,595	80,525	69,906	88,277	29,292	82,658	83,041	82,677	79,770	78,587	80,832	78,443	75,222	70,508	65,746	68,372	65,315	65,123	59,744	55,890	56,586	50,757	57,300	53,766	48,634
Adjustments to reconcile net loss to net cash from operating activities:
Depreciation
28,000	31,000	31,900	32,900	31,800	30,000	32,100	32,700	30,800	42,400	30,400	29,200	29,100	29,121	32,228	31,711	30,140	26,424	18,251	18,459	18,766	16,536	20,268	19,079	16,041	16,112	15,141	15,242	14,846	14,715	13,884	12,891	12,739	12,892	12,724	12,405	11,756	12,108	10,986	10,458	10,414
Intangible amortization
31,900	34,700	35,800	36,900	37,800	33,700	31,800	32,900	31,900	29,900	29,900	29,500	29,100	26,989	33,128	50,909	18,274	18,543	9,239	8,921	8,797	8,478	8,497	8,402	7,315	7,183	6,709	6,533	6,642	6,379	5,561	5,135	4,979	5,167	4,209	3,546	3,347	3,267	2,518	2,159	1,975
Stock-based compensation expense
5,100	3,400	3,700	5,700	4,300	4,600	6,700	5,700	7,100	4,000	5,400	5,900	6,000	3,829	5,114	5,452	6,105	5,542	5,254	5,417	5,487	4,408	4,241	4,452	4,672	5,369	4,145	3,896	4,047	3,993	4,129	4,132	4,085	3,804	3,845	3,855	3,863	3,857	3,700	3,867	3,874
Excess tax benefit of stock options exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,417	4,584	2,677	8,222	7,159	3,667	3,346	3,734	4,799	3,981	4,170	4,203	9,167	9,471	6,462	5,061	796	2,065	6,457	8,092	6,736	4,521	12,267	1,163
Deferred income taxes
-400	-52,600	5,900	5,500	7,300	-43,600	23,100	4,700	-18,300	-134,000	-18,300	-146,600	8,700	-13,479	16,064	-2,417	6,932	4,918	-6,828	21,549	-29,939	7,717	-96	2,754	6,175	15,307	2,522	2,694	10,407	-2,784	10,916	2,625	11,921	4,152	8,951	2,683	16,051	6,005	8,197	-1,674	13,784
Goodwill impairment
0	-	-	-	20,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill and other impairment charges and losses (gains) on divestiture of businesses, net
-	-	-	-	-	-	-7,900	-9,100	-9,800	-	-14,900	-12,800	-400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Divestiture losses (gains), net
-58,300	-	-	-	5,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset impairments, loss (gain) on disposal of property plant and equipment and other charges
-3,900	-	-	-	-3,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-836	4,789	-	-185	-122	0	-	-	-	-1,204	-9,361	0	0	2,140	-	-	-	-
Other, net
-100	-1,900	300	-1,300	400	-6,700	1,400	1,200	300	7,900	-700	2,100	-2,600	-23	-1,611	-2,010	2,644	-2,714	0	-373	-5,313	-7,553	-1,379	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities, net of the effects of acquisitions, held-for-sale reclassifications, and divestitures:
Accounts receivable
1,200	-18,200	-20,300	11,800	2,200	-5,400	-21,700	16,700	6,800	0	-11,900	20,300	-25,500	16,275	13,937	8,970	3,918	-10,452	15,311	36,550	14,491	8,696	15,814	14,135	-4,529	10,951	945	23,102	19,769	-328	10,025	-19,861	14,493	11,533	-2,296	10,969	11,615	-6,096	14,678	3,756	7,932
Prepaid expenses
32,700	-9,900	5,900	10,700	11,700	-6,900	19,900	16,200	-13,600	27,200	-13,500	7,600	12,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
9,300	-9,000	800	4,800	-1,200	-8,500	4,000	33,200	-19,400	26,200	-1,600	8,300	-10,000	4,519	2,177	13,707	-15,203	-970	8,151	15,576	5,443	-19,095	2,737	5,367	5,279	-3,251	-6,928	9,017	1,169	-6,840	-6	5,151	2,101	2,107	-5,708	-5,098	-433	3,312	1,959	-1,914	-3,522
Accrued liabilities
-7,700	-2,900	20,100	-32,200	-18,400	-12,300	-265,400	7,300	31,900	-1,100	30,300	311,900	21,900	22,359	19,444	-34,454	21,151	-51,720	26,749	-58,353	109,424	3,639	24,449	-20,998	14,189	-16,873	23,986	-9,978	7,412	39,482	-8,536	-19,032	12,623	19,595	21,681	-5,786	799	37,364	10,172	-6,559	15,601
Deferred revenues
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-256	-2,528	-628	-1,309	-6	-310	2,642	-705	-66	797	-1,345	316	-1,496	1,082	1,029	-756	-675	-532	-34	-2,820	116	215	1,611
Other assets and liabilities
-7,400	19,900	7,500	-1,300	-7,600	20,000	5,200	-1,500	-7,600	-10,600	3,000	6,200	-9,000	-34,497	-16,573	15,687	-18,517	-686	-4,060	12,358	-3,312	-12,751	18,405	-9,393	-4,182	18,171	-38,278	839	-3,742	5,131	-12,791	3,916	-3,119	7,454	9,843	-3,331	4,503	-1,463	-372	-6,910	2,221
Net cash from operating activities
82,100	46,800	130,200	34,800	36,200	75,800	-141,100	120,600	110,400	116,600	153,100	70,600	168,300	143,032	172,328	88,491	156,949	92,809	114,631	46,106	132,554	103,528	106,624	92,499	145,849	69,218	159,508	78,411	98,170	113,637	88,349	89,237	99,561	90,928	95,482	54,109	65,585	120,244	76,121	48,250	81,055
Capital expenditures
39,600	33,000	53,000	42,100	66,100	33,900	32,900	35,500	28,500	51,300	28,600	30,000	33,100	35,219	33,848	32,948	34,185	42,234	25,772	25,438	21,356	20,234	22,594	27,248	16,420	18,780	16,888	20,961	16,480	13,578	17,839	16,770	17,049	16,320	13,329	11,960	11,692	12,383	10,920	12,213	12,804
Payments for acquisitions, net of cash acquired
-	0	-100	0	300	5,100	10,600	13,100	15,900	28,700	2,700	4,200	16,900	12,703	9,100	17,213	24,884	2,322,302	35,332	27,556	34,210	45,510	23,979	292,570	12,262	30,034	68,501	44,502	18,899	76,294	36,357	83,534	28,182	1,779	186,607	261,280	19,543	94,815	27,789	17,367	50,459
Proceeds from sale of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-39	589	766	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	389	-	0	8,000	0
Proceeds from divestiture of businesses
0	68,800	4,200	0	13,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
500	-1,500	-500	-1,300	-500	-900	-500	-1,100	-300	-700	-200	-200	-200	-2,393	0	0	-7	-636,219	636,190	-14	-257	-94	-1	105	1,947	-28	-12	-13	-20	40	47	0	2	-1	-16,344	-837	1,240	-2,440	16,261	488	423
Net cash from investing activities
-40,100	37,300	-48,200	-40,800	-52,300	-38,100	-26,000	-39,300	-44,100	-79,300	-29,900	-34,000	-49,800	-47,103	-40,629	-49,572	-58,296	-1,728,317	-697,294	-52,980	-55,309	-65,650	-46,572	-319,923	-30,629	-48,786	-85,377	-65,450	-35,359	-89,912	-53,479	-100,304	-45,233	-18,098	-181,610	-272,403	-32,086	-104,758	-54,970	-22,068	-63,686
FINANCING ACTIVITIES:
Repayments of long-term debt and other obligations
6,700	12,200	17,100	14,300	6,800	19,600	15,100	17,600	12,200	15,700	13,100	20,500	12,800	36,738	20,673	24,910	6,879	31,395	22,215	29,810	9,780	56,200	17,026	15,575	12,430	39,649	16,842	22,020	9,996	32,302	25,491	36,864	8,275	16,778	5,404	19,264	24,100	-	-	-	-
(Repayments of) proceeds from foreign bank debt, net
-2,600	-	-	-	5,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from foreign bank debt
-	-	-	-	-	3,400	1,800	5,000	1,900	10,800	600	1,600	300	7,489	41,092	12,012	15,607	11,165	24,172	13,512	4,851	53,481	54,777	60,188	36,640	54,299	71,936	65,082	27,651	24,270	46,142	23,567	4,641	-	-	-	-	-	-	-	-
Repayment of foreign bank debt
-	-	-	-	-	2,900	3,300	8,800	2,800	12,900	8,000	8,100	2,900	15,889	31,258	18,232	18,721	10,913	32,618	5,517	38,252	57,259	50,833	48,035	37,157	38,026	67,429	34,485	62,027	21,818	26,244	16,455	4,937	-	-	-	-	-7,026	1,166	16,593	27,533
Proceeds from term loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,300,000	0	0	250,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of term loan
43,800	55,100	16,400	11,900	11,900	11,900	11,800	11,900	11,900	0	50,000	20,000	30,000	0	0	79,000	171,000	50,000	250,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings on senior credit facility, net
343,600	460,100	358,200	522,400	411,500	323,000	626,800	404,300	303,100	469,800	370,300	515,100	383,900	259,630	302,453	444,858	457,959	569,260	459,116	484,927	394,097	258,926	220,999	784,101	149,000	298,703	203,546	236,337	291,132	330,585	250,320	96,947	185,434	210,053	499,889	794,226	139,290	-	-	-	-
Repayments on senior credit facility
327,400	434,300	409,800	371,900	359,600	351,900	422,400	434,600	332,100	353,200	411,500	478,800	446,200	274,469	403,178	362,133	353,520	389,432	542,500	402,214	670,254	236,972	247,000	528,682	203,377	259,039	181,757	206,500	337,683	538,293	336,847	54,165	238,290	209,018	356,697	581,582	225,334	-	-	-	-
Proceeds from (repayments of) bank overdrafts, net
1,200	-2,700	2,300	-5,200	-6,900	7,800	700	-5,300	5,500	-15,800	20,000	-8,800	7,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of capital lease obligations
1,300	1,900	1,100	500	800	3,100	2,400	1,100	1,600	900	900	900	900	656	2,039	1,224	1,381	1,087	862	963	988	1,812	2,021	1,117	876	1,401	798	988	837	633	1,281	638	640	630	1,247	993	463	-	-	-	-
Payments of debt issuance costs
1,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock, net of (payments of) taxes from withheld shares
-1,200	-	-	-	300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment for hedge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-33	0	0	8,833	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (repayments)/ borrowings on senior credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,873
Payments for repurchase of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-14	0	3,121	37,693	27,571	17,880	73,633	11,516	37,062	19,818	60,272	76,914	49,169	48,356	59,015	7,160	45,083	0	0	2,945	42,855	76,899	4,302	0	50,746	19,329	13,644	10,616
Proceeds from issuance of common stock, net of shares withheld for tax
-	-	-	-	-	0	11,300	5,100	3,700	5,200	600	900	3,500	1,773	5,419	7,998	22,310	6,571	14,321	11,756	27,452	17,948	12,709	12,540	8,655	8,518	10,160	9,752	13,915	19,582	16,429	15,956	12,494	799	3,418	12,258	14,811	-	-	-	-
Payments for repurchase of mandatory convertible preferred stock
-	-	-	-	-	0	2,400	7,400	7,400	3,400	8,700	12,500	9,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid on mandatory convertible preferred stock
-	-	-	-	-	0	8,400	8,300	8,800	8,800	8,900	9,200	9,400	9,547	9,726	10,021	10,106	10,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,195
Excess tax benefit of stock options exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,417	4,584	2,677	8,222	7,159	3,667	3,346	3,734	4,799	3,981	4,170	4,203	9,167	9,471	6,462	5,061	796	2,065	6,457	8,092	6,736	4,521	12,267	1,163
Payments to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	1,239	0	1,964	4,997	464	2,633	0	2,603	4,469	0	635	97	8	1,018	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash from financing activities
-39,600	-81,600	-83,300	-8,000	31,300	-57,100	174,600	-80,600	-62,600	-49,900	-112,300	-41,900	-117,100	-89,864	-137,753	-40,762	-108,421	1,661,884	580,385	735	-57,604	-56,260	-44,546	203,579	-132,822	-20,973	-26,577	-7,667	-80,802	-5,515	-73,206	34,652	-47,457	-74,083	67,589	232,070	-87,704	40,142	-4,007	-41,782	-7,918
Effect of exchange rate changes on cash and cash equivalents
-1,100	1,400	-2,400	300	-1,300	1,700	-500	-5,100	3,500	2,600	-2,900	2,500	1,400	-2,122	2,025	508	-211	-3,623	2,205	812	-3,594	-1,367	1,153	-437	43	-14	-1,267	83	-611	245	328	366	880	369	1,512	-233	1,808	3,021	-4,768	965	-2,332
Net change in cash and cash equivalents
1,300	3,900	-3,700	-13,700	13,900	-17,700	7,000	-4,400	7,200	-	-	-	2,800	3,943	-4,029	-1,335	-9,979	22,753	-73	-5,327	16,047	-19,749	16,659	-24,282	-17,559	-555	46,287	5,377	-18,602	18,455	-38,008	23,951	7,751	-884	-17,027	13,543	-52,397	58,649	12,376	-14,635	7,119
SUPPLEMENTAL CASH FLOW INFORMATION:
Net issuances of obligations for acquisitions
-	0	0	0	300	2,400	6,000	10,500	11,200	8,700	-7,400	1,300	13,900	12,806	8,325	10,056	13,013	8,295	24,078	26,284	21,543	44,994	17,080	70,769	13,095	11,571	65,624	12,452	10,454	41,180	22,033	19,445	14,883	15,713	31,811	9,306	730	-	-	-	-
Capital expenditures in accounts payable
33,100	11,500	-8,300	13,700	16,900	12,600	12,700	500	5,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid during the period, net of capitalized interest
35,600	31,800	20,900	27,100	21,700	31,500	19,700	25,900	16,600	25,300	16,500	21,200	21,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes paid during the period, net of refunds
400	-400	800	6,000	500	4,900	3,100	15,800	2,600	5,700	26,000	76,700	20,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net issuance of notes payable for certain acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,004	10,038