SCHWEITZER-MAUDUIT INTERNATIONAL, INC. SWM Cash Flow

Schweitzer-mauduit international, inc. (SWM)

CashFlow / TTM

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
Net Income (Loss) Attributable to Parent
90,900	85,800	72,800	86,100	91,400	94,500	60,000	44,800	41,300	34,500	78,800	71,700	75,400	82,800	87,500	94,600	92,000	89,700	86,500	83,700	85,300	89,700	61,500	67,600	69,200	76,100	102,300	100,900	95,300	79,800	110,900	92,200	91,000	92,600	58,700	67,900	62,900	65,300	0	0	0
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
-	-	-	-	-	-300	-300	-300	-300	100	100	0	0	0	100	300	-800	-800	-800	-1,100	0	0	1,400	1,000	-1,800	-2,400	-17,200	-22,700	-22,400	-24,300	-9,100	-3,600	-1,600	500	-3,800	-6,300	-6,800	-7,600	0	0	0
Income from continuing operations
-	-	-	-	-	94,800	60,300	45,100	41,600	34,400	78,700	71,700	75,400	82,800	87,400	94,300	92,800	90,500	87,300	84,800	85,300	89,700	60,100	66,600	71,000	78,500	119,500	123,600	117,700	104,100	120,000	95,800	92,600	92,100	62,500	74,200	69,700	72,900	0	0	0
Non-cash items included in net income:
Depreciation and amortization
58,600	57,700	58,200	59,500	60,400	61,600	59,600	58,600	58,500	59,500	57,900	54,300	50,300	44,500	45,300	43,600	42,100	41,000	39,200	41,000	41,700	45,100	45,200	42,800	41,900	37,300	36,800	37,300	37,200	38,500	37,800	39,900	41,200	42,100	43,000	41,200	40,300	39,600	0	0	0
Impairments
-	-	-	-	-	-	-	-	-	-	-	-	-	21,300	3,700	3,700	6,500	6,700	3,500	3,500	700	0	0	0	0	-	-	-	-	20,200	23,400	26,800	23,700	6,800	0	0	0	-	-	-	-
Deferred income tax
-2,200	-3,400	2,300	4,500	6,200	7,500	2,200	2,200	2,400	1,600	-7,800	-12,000	-13,600	-13,500	-10,500	-7,400	-7,500	-6,700	1,200	1,300	2,600	3,300	7,100	12,500	14,000	17,300	17,300	19,500	20,200	13,100	1,000	-14,600	-20,000	-13,900	-1,500	15,100	22,300	25,400	0	0	0
Amortization of deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,000	7,200	16,000	11,400	7,200	0	0	0
Pension and other postretirement benefits
2,700	2,600	2,100	2,100	2,500	2,800	4,100	3,800	3,800	3,800	3,600	4,000	3,900	3,800	3,500	3,700	3,800	4,200	1,700	1,400	400	1,200	600	800	2,400	1,100	2,800	1,200	500	1,000	-2,500	-6,900	-6,600	-6,500	-1,900	3,500	2,800	2,100	0	0	0
Stock-based compensation
9,000	7,700	5,100	4,800	4,200	4,800	6,300	7,400	7,200	7,100	6,600	5,300	5,800	5,800	5,400	4,600	3,900	3,500	3,400	4,500	5,800	5,900	5,500	5,400	4,200	3,200	4,400	4,600	5,400	6,900	5,300	4,900	4,500	3,800	5,100	6,200	6,500	7,700	0	0	0
Income (Loss) from Equity Method Investments
4,300	4,100	-10,400	-11,400	-11,200	-11,300	1,600	1,300	2,100	2,500	2,800	4,600	5,000	4,800	4,700	3,000	5,100	6,600	6,100	5,300	2,800	2,000	4,500	3,300	3,600	3,800	4,300	7,600	4,300	4,000	500	500	4,300	4,700	4,500	3,900	3,500	3,200	0	0	0
Gain (Loss) on Disposition of Intangible Assets
-	-	-	-	-	-	-	-	-	-	-	-	-	1,800	1,800	1,800	6,100	4,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax deficit of stock-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-200	-200	-200	-100	500	500	500	400	600	600	600	600	500	1,800	1,800	1,800	1,400	1,000	1,100	1,100	10,000	0	0	0	-	-	-	-
Other items
-2,800	1,800	2,500	200	2,000	400	800	3,000	1,400	700	400	-200	700	-600	-1,400	-2,000	-2,100	100	2,000	3,400	2,900	800	-2,200	-2,200	-300	1,000	3,400	800	-500	-100	-1,200	-600	-1,400	-3,100	-3,700	-4,000	-1,400	-3,400	0	0	0
Changes in operating working capital, net of assets acquired:
Accounts receivable
10,400	-10,800	-800	11,400	17,700	18,300	7,900	6,200	5,400	900	-1,100	5,800	-8,100	-3,100	100	5,000	5,700	18,000	-10,900	-11,900	-5,700	-13,300	18,900	7,000	6,900	-4,400	-3,600	-7,900	100	-14,300	-6,600	15,600	20,900	25,800	0	0	0	-	-	-	-
Inventories
-3,600	11,200	3,500	2,100	10,600	4,900	11,000	12,300	6,900	6,400	10,400	14,100	9,600	6,900	-9,200	-13,400	-6,000	-1,300	-700	-11,400	-16,700	-14,900	-10,600	-2,400	-1,300	1,000	-900	1,900	5,700	6,100	12,600	8,000	3,600	5,900	0	0	0	-	-	-	-
Prepaid expenses
1,000	200	200	-100	100	100	-1,100	-600	200	-800	100	1,100	800	500	-100	-500	100	-1,100	-100	400	-700	600	700	300	500	-100	600	800	1,000	1,000	-100	-9,400	-900	-400	0	0	0	-	-	-	-
Accounts payable
-8,300	-2,100	8,600	1,300	13,400	8,000	5,200	6,100	7,700	4,700	0	6,200	-300	-3,700	2,000	1,300	-2,100	6,500	1,500	-2,300	5,100	3,100	8,800	1,600	-1,000	-1,500	-10,000	-4,000	-4,800	-7,000	-4,000	-200	4,400	-3,500	0	0	0	-	-	-	-
Accrued expenses and other current liabilities
4,900	3,900	1,900	1,400	-3,100	-1,000	-7,100	-2,800	-5,300	-3,000	7,800	4,700	-500	800	-2,000	-7,000	0	3,700	-4,400	-3,100	-9,500	-8,000	-5,100	-4,300	2,400	3,400	-900	-1,600	-3,300	-8,100	-7,600	-2,300	800	1,500	0	0	0	-	-	-	-
Accrued income taxes
-2,300	-3,000	-9,700	-10,500	-9,800	-8,000	-1,700	0	-900	-7,100	-16,800	-10,600	-13,300	-3,800	11,700	2,400	20,700	18,200	14,900	14,100	-300	-4,100	-5,500	-4,500	-10,800	-4,600	-3,200	-2,500	3,000	4,700	12,600	12,100	16,100	8,200	0	0	0	-	-	-	-
Net changes in operating working capital
13,500	1,800	2,100	21,200	27,900	24,300	21,400	14,600	11,000	11,900	18,400	20,700	16,400	11,000	-20,900	-5,600	-18,800	-12,800	-23,700	-31,600	-18,400	-18,600	10,800	12,100	15,500	-800	10,200	2,900	11,900	3,200	4,900	4,600	2,300	25,100	22,500	-17,000	-16,500	-28,800	0	0	0
Net cash provided by operating activities of:
- Continuing operations
-	-	-	-	-	138,900	130,700	142,000	140,000	130,900	139,800	122,200	124,900	129,700	148,000	141,500	151,100	144,600	155,000	165,300	159,000	166,400	145,700	151,600	154,400	175,800	171,100	181,500	168,800	178,100	177,400	153,900	138,600	91,400	81,400	92,400	127,100	163,800	0	0	0
- Discontinued operations
-	-	-	-	-	200	200	200	0	100	200	200	200	0	-500	-300	0	100	-700	-1,100	-200	-500	1,100	2,100	700	2,300	1,200	-100	-1,300	-3,500	-8,400	-9,600	-8,500	-9,900	-7,600	-13,800	-17,600	-22,700	0	0	0
Net cash provided by operations
152,400	160,300	164,800	138,000	130,100	139,100	130,900	142,200	140,000	131,000	140,000	122,400	125,100	129,700	147,500	141,200	151,100	144,700	154,300	164,200	158,800	165,900	146,800	153,700	155,100	178,100	172,300	181,400	167,500	174,600	169,000	144,300	130,100	81,500	73,800	78,600	109,500	141,100	0	0	0
Investing
Capital spending
28,700	28,600	27,200	28,500	28,300	27,000	29,500	31,600	32,100	37,200	37,800	37,400	34,400	27,800	27,700	24,800	23,500	24,200	22,900	29,100	32,200	35,100	35,100	35,000	31,600	29,100	27,000	22,400	25,000	27,200	29,400	32,800	41,000	60,900	79,900	141,600	91,500	73,700	0	0	0
Capitalized software costs
4,800	5,500	5,500	4,900	3,700	2,700	2,000	2,500	3,100	3,500	3,700	3,500	3,400	2,800	1,900	1,300	900	900	1,200	1,300	1,100	1,000	600	600	600	500	800	700	800	900	600	600	600	1,300	2,200	16,400	7,400	9,300	0	0	0
Acquisitions, net of cash acquired
0	-	-	-	0	-	-	-	-	291,700	291,700	291,700	293,400	0	0	0	0	-	-	-	-	32,600	232,000	232,100	232,100	229,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Investment in equity affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,800	8,800	8,800	3,300	0	0	100	16,500	21,000	27,900	30,600	16,700	12,200	0	0	0	-	-	-	-
Other investing
-5,900	-4,600	-700	-3,700	-4,100	-2,200	-3,900	-4,400	-6,700	-6,900	-9,600	-8,100	-8,400	-8,200	6,700	8,500	10,300	8,000	-2,400	-6,900	-2,200	-3,000	-8,600	-4,700	-10,900	-5,600	-2,000	-3,900	1,500	2,600	4,500	3,400	3,800	-2,300	-4,100	-2,400	-700	-1,800	0	0	0
Net cash used in investing
-183,500	-14,800	-32,000	-29,700	-27,900	-27,500	-27,600	-22,700	-19,800	-318,500	-316,600	-324,500	-322,800	-22,400	-316,500	-314,800	-315,300	-313,700	-52,400	-54,100	-66,800	-74,500	-267,900	-271,800	-256,700	-253,700	-25,800	-19,300	-43,800	-51,700	-62,400	-67,400	-62,100	-72,100	-83,300	-98,300	-98,200	-81,200	0	0	0
Financing
Cash dividends paid to SWM stockholders
54,500	54,400	54,300	54,000	53,600	53,200	52,900	52,500	65,100	51,900	51,500	50,800	37,200	49,400	48,800	48,200	47,500	46,900	46,200	45,600	45,000	44,500	44,200	42,700	41,200	39,500	33,000	28,100	21,100	14,100	11,800	9,600	9,800	10,100	10,400	21,500	10,800	10,800	0	0	0
Changes in short-term debt
100	-100	0	100	-100	-1,300	100	-900	100	1,500	0	0	0	-	-	-200	-800	-400	-5,700	-300	-4,100	-400	5,100	900	3,700	0	-2,800	600	100	-1,900	6,500	-1,600	600	2,300	-2,500	2,300	3,000	3,300	0	0	0
Proceeds from issuances of long-term debt
231,100	19,100	0	0	0	-	-	-	-	440,500	440,400	291,800	295,000	35,600	488,300	492,400	500,200	488,200	48,500	45,700	126,400	228,300	617,500	634,200	562,500	455,600	56,600	34,700	46,000	43,000	47,800	61,900	177,700	226,700	218,800	204,700	60,600	48,200	0	0	0
Payments on long-term debt
99,300	99,500	78,000	667,800	684,900	694,000	689,500	241,400	217,800	208,800	200,000	83,000	151,900	171,000	437,800	373,600	355,400	338,700	81,300	86,400	114,900	170,600	326,000	353,000	283,800	228,100	71,000	46,100	29,800	31,800	45,500	40,500	133,400	128,500	103,700	206,900	4,000	56,300	0	0	0
Payments for debt issuance costs
-	-	-	-	-	-	-	-	-	600	600	600	600	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of common stock
1,000	900	1,200	1,300	1,400	3,000	2,900	2,900	2,600	1,200	1,200	1,100	1,200	700	600	600	600	2,900	2,900	2,800	3,100	52,500	52,500	52,600	52,300	1,700	1,700	6,000	30,100	50,000	50,000	62,100	96,700	120,900	120,900	124,300	64,200	19,000	0	0	0
Excess tax deficit of stock-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-200	-200	-200	-100	500	500	500	400	600	600	600	600	500	1,800	1,800	1,800	1,400	1,000	1,100	1,100	10,000	9,400	9,500	9,600	1,600	0	0	0
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	500	3,000	3,000	3,000	2,800	2,000	2,200	2,300	2,200	900	1,200	1,100	2,200	0	0	0
Net cash provided by (used in) financing
76,400	-135,800	-135,500	-93,100	-109,400	-120,900	-112,400	-144,200	-131,400	179,500	187,100	156,700	104,000	-185,700	-7,100	62,200	88,400	92,400	-87,100	-88,900	-40,300	-39,100	200,700	187,600	189,700	187,300	-47,100	-40,100	-30,100	-50,600	-50,000	-48,600	-58,200	-18,300	-8,400	-11,400	-4,700	-30,800	0	0	0
Effect of exchange rate changes on cash and cash equivalents
-2,000	-500	-2,900	-1,300	-5,500	-3,800	-1,000	800	7,500	7,500	600	-600	-6,700	-700	-2,900	-2,500	8,700	-27,200	-32,300	-54,900	-62,300	-34,000	-16,100	9,200	8,700	9,100	5,300	2,500	2,200	2,400	-100	-2,200	-1,700	-1,900	-1,500	1,300	700	1,300	0	0	0
Increase (decrease) in cash and cash equivalents
43,300	9,200	-5,600	13,900	-12,700	-13,100	-10,100	-23,900	-3,700	-500	11,100	-46,000	-100,400	-79,100	-179,000	-113,900	-67,100	-103,800	-17,500	-33,700	-10,600	18,300	63,500	78,700	96,800	120,800	104,700	124,500	95,800	74,700	56,500	26,100	8,100	-10,800	-19,400	-29,800	7,300	30,400	0	0	0
Supplemental Cash Flow Disclosures
Cash paid for interest, net
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for taxes, net
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in capital spending in accounts payable and accrued liabilities
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred contingent business acquisition consideration
-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-