TreeHouse Foods, Inc. THS Cash Flow

Treehouse foods, inc. (THS)

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
Cash flows from operating activities:
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent
-31,200	15,500	-177,800	-171,800	-26,900	-13,900	2,600	-19,000	-34,100	-302,300	28,800	-34,200	28,200	-281,800	37,400	19,000	-3,200	37,245	28,441	31,362	17,852	33,917	19,882	21,759	14,322	22,784	22,665	18,565	22,974	25,224	21,554	19,511	22,074	29,864	30,390	14,345	19,808	28,081	24,867	21,652	16,319
Net income (loss) from discontinued operations
1,600	-	-	-	-12,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (loss) income from continuing operations
-32,800	-	-	-	-14,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization
49,800	53,300	41,200	61,100	55,000	57,300	39,000	61,900	67,000	19,700	74,200	66,600	72,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mark-to-market (gain) loss on investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-575	-105	259	-	45	342	79	598	253	37	352	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposition of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-600	-700	-	-186	-32	-147	-3,513	-1,276	-742	208	-898	-451	449	-218	-1,214	-1,309	-485	-778	-	-	-	-	-	-	-	-
Depreciation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	44,900	35,600	-	15,272	15,483	15,405	15,880	15,310	15,119	16,972	18,378	16,477	20,027	18,385	22,581	16,024	13,606	12,458	12,143	12,494	12,192	11,787	11,558	11,105	11,093	9,670
Amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,500	23,800	-	14,893	15,551	15,328	17,110	14,958	10,532	10,034	10,066	8,583	8,227	8,499	8,811	7,848	8,624	8,263	9,195	8,839	8,319	8,049	7,578	7,040	7,287	4,447
Stock-based compensation
7,900	5,100	4,700	7,100	5,700	3,700	3,800	6,900	16,300	3,000	6,600	11,100	7,500	7,100	8,500	8,100	6,200	7,397	5,040	4,514	5,949	7,965	7,403	5,519	4,180	4,417	4,593	3,690	3,418	3,712	3,364	3,063	2,685	2,534	3,124	4,675	4,774	4,021	4,019	4,444	3,354
Amortization of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	1,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-75	-5,259	-16,685	-	-	-	-	-	-	-	-	-	-	-	-	0	0	4,714	-2,357
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	421	1,451	3,132	-	3,234	4,051	4,630	693	2,582	702	395	117	100	2,138	302	585	217	3,249	422	-	-	-	-276
Mark-to-market loss on derivative contracts
-64,100	6,600	-12,400	-25,300	-15,900	-28,300	3,800	7,700	-5,700	-	-	-	-	-	-	1,700	-4,700	-	-2,026	1,987	417	-3,144	-77	53	117	-5	443	-274	773	-120	609	-2,098	517	-881	989	178	575	1,187	1,466	2,401	-691
Deferred income taxes
15,000	-	-	-	700	-	-	-	-	-	-	-	-	-	-	-5,700	-900	-6,239	2,394	-288	-1,867	10,915	-1,708	593	-1,699	-13,046	-986	4,352	-2,214	-2,524	4,861	1,777	1,610	9,811	4,396	444	463	1,281	719	4,945	2,254
Gain on foreign currency exchange
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	800	4,100	-	-9,226	2,386	-11,386	-6,533	-8,004	-1,802	2,950	-	-	-	-	-	-	-	-	-	994	80	-800	-457	-344	-1,949	1,281
Write-down of tangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-27	561	-22	2,352	-	-	-	0
Other
-19,200	2,900	-2,800	400	0	-8,000	-6,000	-3,500	-7,700	-3,300	-7,200	-8,500	15,000	-5,100	10,000	500	300	-28,727	366	382	379	-	-	-	-	-6,046	450	-876	319	-185	269	-1,476	68	-85	-94	4	-31	-40	-40	-171	90
Changes in operating assets and liabilities:
Receivables
24,000	-35,200	4,400	-66,200	16,400	69,200	28,400	-85,000	16,500	-103,100	77,000	-32,200	-45,000	42,900	30,400	1,900	-15,500	-7,007	43,706	-46,453	-11,746	10,691	17,906	-9,337	-697	3,427	13,573	-10,598	2,868	-3,288	8,583	-7,380	4,725	-31,618	30,569	-10,545	3,782	-3,917	18,312	-41,104	20,548
Inventories
-1,100	-150,000	52,200	-14,300	46,600	-87,800	5,000	7,300	24,900	-228,700	139,300	55,100	10,600	-62,400	55,100	-200	-46,800	-	37,588	53,291	-29,164	-81,968	53,611	45,637	9,907	-55,923	23,822	25,905	17,583	-43,330	39,308	3,978	8,307	-38,501	49,113	21,734	10,693	-33,859	16,416	-31,057	14,182
Prepaid expenses and other assets
60,400	-31,300	-3,900	13,200	14,900	-24,600	-27,300	8,900	10,500	-20,300	16,400	26,100	-3,300	-20,600	-12,300	27,700	16,800	-26,050	6,977	-83	-1,744	-4,926	608	8,283	1,945	-3,318	-4,066	4,639	89	-4,195	1,086	-2,417	18	-1,295	1,163	-1,862	-1,748	-4,817	-7,306	13,601	-1,703
Accounts payable
39,700	-	-	-	11,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses and other liabilities
-11,100	-	-	-	-62,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses and other liabilities
-	-	-	-	-	-55,100	34,600	59,100	47,100	-181,700	51,500	160,700	-52,300	3,900	16,300	64,600	1,300	-57,030	31,396	13,399	-21,065	-33,464	1,149	38,343	-11,385	6,924	16,506	-21,821	28,085	-10,030	4,947	-11,937	18,303	-31,415	2,564	10,936	-1,592	5,142	13,812	19,928	-13,006
Net cash provided by (used in) operating activities - continuing operations
68,500	-	-	-	-65,400	-	-	-	-	-	-	-	78,500	180,200	57,900	129,600	110,900	121,410	20,391	67,197	81,602	152,589	-6,432	47,523	35,870	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by operating activities - discontinued operations
-6,000	-	-	-	27,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) operating activities
62,500	262,000	36,300	47,300	-37,900	235,300	39,200	173,500	57,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	56,986	99,989	9,952	42,384	52,234	105,192	-20,157	38,288	32,748	93,999	33,890	62,650	54,112
Cash flows from investing activities:
Cash flows from investing activities:
Additions to property, plant, and equipment
27,300	37,200	25,300	31,400	28,800	52,900	22,800	40,800	38,500	33,000	31,100	36,700	34,700	43,300	47,900	59,100	24,900	15,512	18,063	17,890	21,235	23,183	34,903	12,150	18,339	22,409	16,730	21,853	13,788	25,738	14,520	14,453	15,566	15,706	22,978	19,261	10,578	9,066	13,852	10,079	6,546
Additions to intangible assets
3,800	4,800	5,500	7,300	6,500	6,000	7,400	6,100	2,900	7,500	4,600	5,300	8,700	900	5,000	3,900	2,000	3,737	2,980	2,842	3,841	2,805	2,438	2,084	3,316	2,603	545	2,195	1,060	2,431	2,510	1,795	2,507	1,658	1,432	2,033	4,150	5,322	10,174	2,218	4,396
Acquisitions, less cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	0	4,200	0	2,640,200	-	-	-	-	-7,939	860,113	142,160	-1,325	-	-	-	-	-	-	-	-	0	0	-1,842	-1,401	179,841	0	0	664,655
Proceeds from sale of fixed assets
5,100	-200	3,600	1,400	0	-	-	-	-	1,200	5,500	1,500	200	200	1,400	0	100	322	98	59	121	2,304	11	2	525	-923	811	912	160	71	-4	12	34	18	177	23	33	-	-	-	0
Purchase of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	261	208	103	-	118	117	236	247	308	108	7,477	-	-	-	-	-	-	-	-	-	-	-	-
Other
0	-2,700	-100	0	100	400	400	400	300	200	400	300	300	200	900	200	300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	63	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities - continuing operations
-26,000	-	-	-	-35,400	-	-	-	-	-	-	-	-43,500	-44,200	-56,000	-63,800	-2,667,300	-19,155	-21,206	-20,881	-25,058	-16,383	-897,036	-156,509	-19,978	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities - discontinued operations
-300	-	-	-	-1,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-26,300	-40,000	44,600	-36,200	-36,500	-62,200	-13,000	-44,000	-41,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-22,165	-33,053	-17,034	-41,236	-18,039	-17,346	-24,233	-19,429	-13,294	-194,202	-24,010	-12,297	-675,597
Cash flows from financing activities:
Cash flows from financing activities:
Borrowings under Revolving Credit Facility
100,000	86,500	61,300	32,300	14,000	28,300	74,500	0	5,900	92,400	454,500	15,000	115,000	2,000	125,100	8,200	106,000	21,100	91,100	20,000	20,000	84,000	387,100	442,300	25,000	119,950	285,500	57,250	54,550	44,100	77,700	94,700	104,200	37,500	100,000	45,000	80,600	187,400	53,700	33,200	237,700
Payments under Revolving Credit Facility
0	86,500	61,300	32,300	14,000	28,300	74,500	0	5,900	212,400	383,500	114,000	137,000	111,000	117,100	72,200	124,000	96,100	109,100	70,000	78,000	184,000	41,788	528,612	165,000	89,550	89,900	105,750	90,050	99,100	64,000	85,100	75,300	126,000	51,700	57,200	105,000	86,300	64,200	67,800	119,300
Payments on Term Loans
-	-	-	-	-	-	3,500	3,500	3,500	-	19,100	19,000	12,700	10,800	10,800	10,700	4,400	3,250	3,250	2,000	2,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of Term Loans
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,025,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	400,000
Proceeds from Notes Payable
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	775,000	-	-	-	-	0	0	0	400,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on financing lease obligations
400	-	200	900	400	-	400	200	300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on Term Loans
3,500	-	-	-	10,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on 2018 Notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-101,787	-298,213	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on finance lease obligations and other debt
-	-	-	-	-	-	-	-	-	0	400	500	1,400	700	500	1,300	800	1,128	655	1,287	730	1,315	1,000	561	319	348	448	692	457	452	458	626	407	456	362	403	196	174	249	418	169
Payment of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	34,300	-	-	-	-	0	843	5,972	6,897	-	-	-	-	-	-	-	-	-	-	-	-	5,635	0	1,487	9,296
Payment of debt premium for extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3,944	12,749	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from issuance of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	835,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	221,376	-110,688
Repurchases of common stock
-	-	-	-	-	12,400	12,600	12,500	17,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receipts related to stock-based award activities
0	0	200	300	200	0	0	2,800	1,900	1,000	1,200	3,200	6,700	1,100	600	5,100	1,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments related to stock-based award activities
3,800	200	-100	1,000	4,600	5,100	300	1,900	1,100	200	100	5,700	900	100	900	7,700	100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (payments) receipts related to stock-based award activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-109	4,161	-5,273	-	-7,782	-1,881	-7,530	-3,342	859	1,358	-166	67	-66	3,223	655	-394	-722	9,376	18	-957	-528	11,089	1,167
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	421	1,451	3,132	-	3,234	4,051	4,630	693	2,582	702	395	117	100	2,138	302	585	217	3,249	422	-	-	-	276
Net cash used in financing activities - discontinued operations
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
92,300	-65,600	-99,900	-26,600	-14,800	-60,200	-72,800	-157,900	-20,100	-179,600	52,600	-121,000	-30,300	-119,500	-3,600	-78,600	2,579,400	-84,203	-21,375	-55,997	-52,325	-104,591	910,849	107,356	-46,018	34,087	96,875	-49,848	-35,396	-55,402	13,408	7,889	28,140	-87,977	47,359	-18,730	-24,192	102,420	-10,221	-50,644	621,066
Effect of exchange rate changes on cash and cash equivalents
-400	800	400	200	3,900	-1,400	500	-1,200	-300	2,100	-300	600	400	-1,600	-2,700	3,300	3,200	-6,054	509	-406	-1,549	-1,805	-2,223	2,857	-563	-409	2,370	-3,420	-2,031	-924	3,227	-2,117	1,710	330	-2,236	-157	790	650	350	-359	101
Net increase (decrease) in cash and cash equivalents
128,100	157,200	-18,600	-15,300	-85,300	111,500	-46,100	-29,600	-4,300	900	-42,300	107,000	5,100	14,900	-4,400	-9,500	26,200	11,998	-21,681	-10,087	2,670	29,810	5,158	1,227	-30,689	-61,577	79,707	-63,456	-2,606	10,610	9,553	6,920	64,045	199	733	-28	-3,948	2,867	9	-650	-318
Supplemental cash flow disclosures
Interest paid
37,800	11,400	42,000	15,000	41,800	15,500	42,500	15,900	44,300	12,600	45,900	13,200	43,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income tax paid
5,000	400	-2,400	-10,000	4,700	-2,700	-10,000	3,300	2,400	-13,400	4,100	15,500	6,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash investing activities:
Accrued purchase of property and equipment
21,100	-2,100	4,100	7,900	18,900	-3,000	6,600	-4,800	21,000	-1,600	6,000	2,600	12,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued other intangible assets
2,900	-500	-1,200	-2,400	7,300	-1,900	2,100	1,100	4,800	-600	-1,200	-700	5,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right-of-use assets and operating lease obligations recognized at / after ASU 2016-02 transition
1,700	3,500	2,200	1,300	6,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-