Tech data corporation (TECD)
CashFlow / Quarterly
Jan'20Oct'19Jul'19Apr'19Jan'19Oct'18Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Jan'11Oct'10Jul'10Apr'10
Cash flows from operating activities:
Cash received from customers

13,557,057

11,618,522

11,803,998

11,913,347

13,645,315

11,317,128

11,359,319

11,514,374

12,336,212

10,818,533

10,325,197

9,501,659

8,350,911

7,166,120

6,816,603

7,093,723

8,064,116

6,700,742

6,848,195

6,506,634

7,800,531

6,984,779

7,304,346

7,290,837

8,272,582

6,496,008

6,630,852

6,854,110

7,645,998

6,275,614

6,186,135

6,423,649

7,664,400

6,422,343

6,477,527

6,470,011

7,684,788

5,798,172

5,581,883

5,688,095

Cash paid to vendors and employees

13,343,930

11,244,072

11,730,218

11,800,318

13,371,691

11,098,419

10,754,749

12,038,399

11,638,404

10,673,601

10,119,569

9,237,349

7,887,981

7,106,408

6,875,831

6,793,778

8,070,889

6,741,011

6,617,992

6,389,994

7,600,099

7,075,981

7,323,657

7,174,844

8,135,371

6,597,534

6,347,456

6,695,526

7,523,370

6,227,545

6,161,008

6,394,912

7,503,634

6,235,962

6,152,600

6,512,553

7,410,478

5,877,311

5,353,662

5,846,220

Interest paid, net

8,404

33,278

11,103

35,101

14,464

34,000

15,066

33,763

13,364

40,755

12,969

19,456

3,038

8,917

1,696

8,369

2,505

8,023

1,435

8,301

2,848

9,054

3,123

9,521

2,830

8,521

2,193

9,538

3,184

2,722

2,546

2,970

6,669

1,820

6,678

3,146

7,568

653

6,305

1,401

Income taxes paid

24,236

31,407

23,028

14,739

28,343

29,928

28,349

8,830

31,017

34,549

46,570

19,496

14,312

24,211

29,928

15,821

22,904

33,396

28,340

1,005

16,514

7,417

22,942

11,402

21,206

16,240

23,164

14,825

13,816

10,625

31,886

33,118

24,278

17,638

36,283

7,779

18,787

25,506

25,884

3,034

Net cash provided by operating activities

180,487

309,765

39,649

63,189

230,817

154,781

561,155

-566,618

653,427

69,628

146,089

225,358

445,580

26,584

-90,852

275,755

-32,182

-81,688

200,428

107,334

181,070

-107,673

-45,376

95,070

113,175

-126,287

258,039

134,221

105,628

34,722

-9,305

-7,351

129,819

166,923

281,966

-53,467

247,955

-105,298

196,032

-162,560

Cash flows from investing activities:
Proceeds from sale of business, net of cash divested

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,273

0

18,747

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of businesses, net of cash acquired

-

-

-

-

-

-

-

-

207

298

-615

2,249,959

231

0

2,685

0

-

-

-

-

-

-

-

-

1,667

0

0

-8,044

301,471

0

0

8,782

8,272

13,362

2,164

1,100

1,615

127,919

0

11,604

Payments to Acquire Intangible Assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,519

0

0

0

0

-

-

-

-

-

-

-

-

Expenditures for property and equipment

17,849

11,697

11,061

7,745

16,165

10,699

9,237

4,894

13,121

166,501

8,240

4,373

6,186

5,187

6,432

7,166

6,974

5,127

4,589

4,227

6,760

4,542

4,911

2,426

5,193

3,290

3,423

3,692

2,371

4,078

3,280

5,142

4,223

4,471

2,617

2,361

8,220

3,854

3,750

2,864

Software and software development costs

15,323

6,443

7,170

7,534

5,096

6,731

5,031

3,561

4,837

5,665

3,127

26,073

2,246

3,381

4,340

4,397

3,821

3,054

3,163

3,017

2,195

3,210

2,330

1,801

2,739

2,713

3,777

4,042

4,123

4,527

5,728

9,116

8,160

8,658

9,387

4,682

1,547

2,884

4,537

3,144

Other

-4,176

-198

-665

548

-3,838

-9

-1,363

267

-3,229

-237

-101

1,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-238,919

-17,942

-17,566

-15,827

-17,423

-138,826

-6,738

-8,722

-14,936

-172,227

-10,651

-2,281,405

-8,887

-8,568

-13,457

-11,563

-10,795

-6,908

-35,600

11,503

-8,955

-7,752

-120

-4,227

-9,599

-6,003

-7,200

-1,209

-307,965

-8,605

-9,008

-23,040

-20,655

-26,491

-14,168

-8,143

-6,588

-134,657

-8,287

-17,612

Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt

-

-

-

-

-

-

-

-

-

0

0

1,008,148

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on long-term debt

33,252

304,557

2,144

5,224

737

102,009

102,946

2,899

295,442

355,006

10,946

200,000

0

0

0

0

0

81

120

118

127

134

142

143

140

137

131

130

128

125

120

127

350,124

1,924

143

125

117

115

107

115

Cash paid for debt issuance costs

0

432

2,881

1,028

0

0

0

0

477

750

0

5,121

6,593

14,988

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net repayments on revolving credit loans

-24,040

-4,751

5,559

14,227

-2,014

-574

4,591

-13,291

8,823

-6,065

-11,197

-7,589

4,893

3,307

-3,596

-1,187

742

-687

2,822

3,035

4,443

-1,878

-1,180

5,884

-2,054

5,074

7,632

-133,308

69,828

27,176

7,605

-17,369

-11,741

-9,551

3,536

-23,439

-40,727

-21,010

5,109

5,156

Payments for employee withholdings on equity awards

91

203

532

8,602

114

286

447

6,255

112

229

186

5,500

94

167

125

4,093

129

77

104

4,352

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the reissuance of treasury stock

210

448

507

495

449

402

478

442

464

385

305

389

241

175

171

146

185

147

125

104

682

105

116

553

0

0

0

1,139

225

135

323

2,714

3,325

3,300

1,001

27,467

3,528

286

246

945

Repurchases of common stock

3,199

49,300

82,011

35,681

63,227

43,798

0

0

-

-

-

-

-

-

-

-

0

36,911

63,089

47,003

52,997

0

0

0

-

-

-

-

4,333

0

143,228

37,553

14,886

100,000

148,712

51,288

0

33,446

160,959

5,595

Proceeds from Contributions from Affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Return of capital to joint venture partner

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-4,428

-4,646

-

-

-

-

-

-

-

-

Acquisition earn-out payments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,736

0

0

1,603

3,457

0

0

0

6,183

0

0

0

0

-

-

-

-

-

-

-

-

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17

104

546

20

13

210

684

289

100

418

4,497

133

0

169

1,701

100

0

97

983

Net cash (used in) provided by financing activities

-60,372

-65,819

-81,502

-35,813

-65,643

-146,265

-98,324

-22,003

-286,744

-361,665

-22,024

790,327

996,852

-11,673

-3,550

-5,134

798

-37,609

-60,366

-51,070

-51,627

-1,890

-2,705

3,383

-2,174

4,950

7,711

-137,798

65,881

206,327

-139,430

-52,484

-373,293

-107,715

-144,149

-45,684

-30,215

-26,730

-155,614

1,374

Effect of Exchange Rate on Cash and Cash Equivalents

-3,976

-123

184

-13,172

4,893

-16,070

-8,811

-12,708

41,236

-6,358

58,312

1,670

481

-11,825

-20,828

35,507

-12,612

2,896

-14,376

8,421

-38,984

-28,475

-15,903

11,305

-2,326

11,525

1,763

-9,251

3,634

5,540

-16,384

6,142

-33,640

-14,853

-8,452

35,666

-5,947

33,168

-3,075

-26,779

Net increase (decrease) in cash and cash equivalents

-122,780

225,881

-59,235

-1,623

152,644

-146,380

447,282

-610,051

392,983

-470,622

171,726

-1,264,050

1,434,026

-5,482

-128,687

294,565

-54,791

-123,309

90,086

76,188

81,504

-145,790

-64,104

105,531

99,076

-115,815

260,313

-14,037

-132,822

237,984

-174,127

-76,733

-297,769

17,864

115,197

-71,628

205,205

-233,517

29,056

-205,577

Reconciliation of net income to net cash provided by operating activities:
Net income attributable to shareholders of Tech Data Corporation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17,760

44,441

42,937

34,699

54,178

38,423

53,519

50,107

48,701

71,426

50,458

40,855

45,633

Net income attributable to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,123

3,828

1,834

5,140

3,644

1,687

-19

5,313

-681

-23

11

Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

149,080

90,770

79,250

55,400

116,799

114,216

75,866

33,699

1,260

37,268

47,459

30,654

78,822

36,506

46,394

33,373

96,147

41,900

76,412

51,277

80,677

41,700

39,328

13,467

-

-

-

-

44,441

44,060

38,527

56,012

43,563

57,163

51,756

48,720

75,353

51,163

40,832

45,644

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

40,373

37,967

37,502

37,257

39,356

39,242

39,918

40,481

37,139

42,334

38,890

31,683

13,214

13,128

14,048

14,047

14,735

14,347

13,992

14,179

16,055

16,762

17,713

18,216

18,541

18,363

18,108

17,967

18,239

13,524

13,193

13,397

14,538

13,851

14,187

14,756

13,740

11,597

10,793

11,155

Provision for losses on accounts receivable

1,905

4,744

12,667

1,765

-1,642

5,275

5,346

924

6,597

5,754

3,527

3,910

1,223

1,359

3,403

-1,305

1,020

2,991

2,458

-408

1,747

3,110

2,134

3,424

1,977

2,678

5,596

1,474

197

4,126

4,924

406

1,851

2,543

5,009

1,410

497

8,213

1,656

1,432

Share-based Payment Arrangement, Noncash Expense

8,480

7,347

8,055

8,305

7,819

8,139

7,968

7,587

8,164

8,325

7,974

4,918

2,880

3,550

3,813

3,657

3,491

3,621

3,960

3,818

3,970

3,856

3,869

1,973

1,909

1,631

2,227

3,091

3,464

3,545

3,666

2,941

4,025

2,787

2,715

2,467

2,958

2,286

2,660

2,449

Loss on disposal of subsidiaries

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

182

154

363

1,330

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of debt discount and debt issuance costs

847

1,495

1,322

378

858

1,178

1,427

378

4,006

518

587

587

209

209

209

208

209

212

231

187

209

212

209

209

641

66

66

66

66

22

0

0

1,285

2,570

2,569

2,570

2,569

2,570

2,569

2,570

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

17

104

546

20

13

210

684

289

100

418

4,497

3,873

-3,740

169

1,701

100

0

97

983

Changes in operating assets and liabilities, net of acquisitions and disposition:
Accounts receivable

213,025

365,130

14,112

-751,836

202,995

911,969

67,949

-670,528

822,879

-98,481

299,341

-390,930

209,726

220,673

206,726

-519,337

139,617

243,982

151,234

-237,196

-3,767

201,478

-8,813

-211,064

121,534

271,582

43,442

-400,527

158,881

82,980

80,426

-218,749

-3,105

-165,733

286,738

-128,644

-173,500

362,277

-108,353

-66,698

Inventories

-100,176

26,829

-137,547

-2,450

82,309

230,892

159,413

7,387

49,613

179,953

-2,686

239,565

-120,638

141,864

99,512

-93,260

41,839

139,405

30,116

8,122

-199,743

208,044

-99,270

-154,505

196,143

190,621

-144,476

-32,905

-13,335

105,626

-58,438

117,860

184,745

-122,224

434,286

-39,617

178,364

184,502

17,901

100,805

Prepaid expenses and other assets

-27,786

-49,526

12,780

-2,245

-17,301

-36,460

9,836

30,344

5,620

-17,878

-38,860

60,238

-800

4,060

-10,759

-50,479

21,979

-11,724

5,439

28,690

5

11,186

-51,021

8,576

26,719

26,604

-6,544

-123,941

112,055

-14,500

36,411

-31,827

-785

-14,928

-40,951

18,898

13,849

-563

-1,832

18,125

Accounts payable

36,574

480,504

-217,536

-706,381

378,155

961,114

645,119

-1,132,019

1,233,736

56,824

348,258

65,487

364,655

320,815

170,517

-381,928

28,691

262,944

269,459

-134,682

-168,953

200,990

-238,365

-263,429

351,222

257,999

112,004

-399,971

201,884

122,062

23,025

-128,353

-158,099

397,834

-162,886

-201,426

144,709

384,551

28,678

-161,609

Accrued expenses and other liabilities

13,681

24,305

9,613

-90,066

-89,044

132,218

40,822

-150,465

246,210

-18,552

-43,372

-3,008

83,820

17,614

-33,757

-55,373

24,573

-36,222

20,551

-27,784

42,198

46,422

-26,914

-35,237

27,024

44,080

-2,025

-62,855

117,986

21,589

-33,823

-79,973

47,592

-6,940

-12,562

-69,626

19,712

-19,462

16,657

-10,986

Total adjustments

31,407

218,995

-39,601

7,789

114,018

40,565

485,289

-600,317

652,167

32,360

98,630

194,704

366,758

-9,922

-137,246

242,382

-128,329

-123,588

124,016

56,057

100,393

-149,373

-84,704

81,603

3,414

-164,003

243,344

116,461

61,187

-9,338

-47,832

-63,363

86,256

109,760

230,210

-102,187

172,602

-156,461

155,200

-208,204

Net Cash Provided by (Used in) Operating Activities

180,487

309,765

39,649

63,189

230,817

154,781

561,155

-566,618

653,427

69,628

146,089

225,358

445,580

26,584

-90,852

275,755

-32,182

-81,688

200,428

107,334

181,070

-107,673

-45,376

95,070

113,175

-126,287

258,039

134,221

105,628

34,722

-9,305

-7,351

129,819

166,923

281,966

-53,467

247,955

-105,298

196,032

-162,560

Issuance of stock to acquire business

-

-

-

-

-

-

-

-

0

0

0

247,232

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-