TIFFANY & CO TIF Cash Flow

Tiffany & co (TIF)

CashFlow / Quarterly

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Oct'10	Jul'10	Apr'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings
201,200	78,400	136,300	125,200	204,500	94,900	144,700	142,300	61,900	100,300	115,000	92,900	157,800	95,100	105,700	87,500	163,200	91,000	104,800	104,900	196,200	38,300	124,100	125,600	-103,568	94,610	106,781	83,577	179,643	63,179	91,801	81,534	178,395	89,689	90,043	81,063	181,224	55,079	67,675	64,425
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization
69,800	64,300	64,700	60,900	59,800	58,300	57,100	53,800	54,000	51,100	50,900	50,900	51,500	52,000	52,900	52,100	53,000	51,100	49,500	48,900	49,500	47,500	47,300	49,900	48,679	45,598	42,813	43,510	43,491	40,991	39,973	39,194	42,495	31,843	34,965	36,631	38,705	36,873	38,201	34,091
Amortization of gain on sale-leasebacks
-	-	-	0	2,100	2,000	2,100	2,200	2,100	2,000	2,100	2,000	2,100	2,100	2,200	2,100	2,100	2,100	2,000	2,100	2,200	2,300	2,300	2,400	2,390	2,377	2,337	2,396	2,631	2,756	2,723	2,702	2,766	2,798	2,730	2,682	2,651	2,625	2,463	2,464
Excess tax benefits from share-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	300	1,800	100	1,500	5,000	7,500	2,788	1,280	4,754	6,078	916	827	80	9,940	1,150	1,872	6,887	8,862	4,814	374	484	3,452
Provision for inventories
4,400	6,100	5,800	5,300	13,200	25,900	4,100	11,200	9,200	9,500	5,400	4,800	4,900	5,700	4,300	4,300	5,400	6,300	4,800	8,900	12,200	6,700	6,400	8,300	5,062	9,217	7,819	9,602	3,882	11,941	9,212	7,193	6,076	9,719	6,689	8,181	5,545	5,879	7,730	6,454
Deferred income taxes
26,000	-9,800	-3,000	-6,600	-15,700	-1,800	-5,300	1,500	99,400	-3,400	-2,100	2,900	59,500	-11,500	-5,200	3,300	15,000	-6,100	-10,800	0	20,600	-2,500	7,000	12,600	-12,454	-7,103	-2,317	-6,026	5,107	-1,790	-14,421	-8,178	-32,003	-15,911	-10,059	7,205	-28,549	-12,714	-11,349	-7,720
Provision for pension/postretirement benefits
7,400	7,300	7,000	7,700	9,100	8,800	9,400	8,400	8,900	8,600	8,100	9,400	11,400	11,300	10,300	12,400	16,500	16,500	15,700	17,100	9,700	9,800	9,300	10,400	12,247	12,248	10,709	13,796	11,522	11,476	11,220	11,790	8,574	9,616	7,645	7,622	6,590	6,861	6,724	6,718
Share-based compensation expense
13,300	4,800	9,200	5,900	3,800	10,600	10,700	9,000	6,400	5,700	8,400	7,500	7,000	6,800	5,400	5,100	4,700	5,600	7,500	6,700	5,100	8,000	6,600	6,800	8,765	8,126	8,131	7,178	4,320	7,003	7,592	8,023	7,559	7,798	8,400	6,690	6,409	6,232	6,793	6,002
Changes in assets and liabilities:
Accounts receivable
21,600	-22,300	29,500	-32,500	28,100	7,700	-16,800	11,800	5,000	2,000	-20,300	6,300	18,000	-2,000	-4,100	7,300	500	26,100	-7,400	-2,500	25,900	-8,500	-4,100	4,300	26,681	3,192	-18,822	12,149	21,744	-11,005	-10,402	1,056	14,793	-11,600	3,588	-12,276	15,384	12,414	13,978	-19,213
Inventories
-113,900	95,200	38,400	53,000	-60,300	110,400	126,700	93,700	-109,000	113,100	15,700	33,100	-109,900	-7,800	21,000	41,900	-99,700	0	32,400	3,600	-119,200	73,500	121,700	91,600	-64,354	89,217	64,820	78,617	-16,522	64,670	50,308	135,244	25,666	238,011	112,620	83,119	-20,608	74,886	71,797	61,698
Prepaid expenses and other current assets
4,700	-4,800	14,900	21,500	-23,400	4,600	28,300	1,800	6,200	200	7,000	15,400	-16,800	-18,600	11,500	-9,700	-3,200	-2,600	7,000	-2,300	-17,800	15,400	7,000	16,300	4,838	-16,643	9,306	17,199	5,802	-2,341	5,290	13,370	-11,371	-4,272	14,834	6,702	-7,973	7,785	-7,064	14,660
Accounts payable and accrued liabilities
54,000	57,300	35,400	-113,700	44,500	22,200	41,100	-54,100	56,800	70,200	10,200	-38,400	15,800	2,000	-4,400	-35,100	9,400	4,900	31,100	-59,100	-4,700	18,300	20,700	-40,200	34,300	33,957	-5,760	-17,097	17,329	41,817	-31,148	-41,678	45,321	15,841	24,368	-45,668	32,161	42,824	8,015	-61,561
Income taxes payable
-45,900	-16,100	-42,200	13,300	5,800	-15,800	-119,900	25,300	84,900	34,800	-6,300	36,300	-32,600	5,500	-7,000	-5,200	15,700	-18,300	-10,600	16,300	64,700	-11,100	-4,700	33,000	-61,046	-29,250	11,048	9,148	45,377	-43,689	-1,662	-16,585	46,560	-9,618	12,757	-32,148	52,539	-6,980	-10,003	-35,055
Merchandise credits and deferred revenue
-500	-8,800	-500	2,500	-11,900	14,200	-14,800	11,500	-	-	-	7,900	-2,200	7,900	-3,400	-800	-5,100	-300	2,700	5,700	-300	2,700	-2,000	-3,100	4,778	-2,096	-904	2,922	2,046	-696	1,269	-979	-1,093	-2,116	-353	574	734	4,088	-3,861	-1,960
Other, net
-52,100	5,600	7,100	27,400	-15,300	26,500	-4,500	-400	-36,000	14,500	6,700	3,700	-119,500	-3,500	-1,100	200	-1,200	-7,400	-3,700	-3,100	-4,300	-8,500	-6,600	-4,600	-47,248	832	-1,872	27,888	-62,488	-3,895	3,333	38,591	-15,643	11,101	-23,460	25,306	-55,973	-4,264	-3,638	40,349
Net cash provided by operating activities
407,200	109,800	122,800	31,100	374,600	66,100	-8,700	99,800	501,000	144,300	173,200	113,700	299,000	197,600	126,900	82,200	389,900	117,600	166,300	143,600	437,300	25,000	76,200	76,600	-50,432	85,052	117,797	2,283	307,155	79,220	62,504	-120,589	267,760	-101,049	88,140	-44,245	314,714	44,322	31,905	-92,016
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of marketable securities and short-term investments
13,100	100	29,700	10,100	62,600	12,800	62,800	15,900	322,600	5,200	194,500	75,700	45,700	33,300	42,500	4,000	7,900	39,800	13,300	39,000	3,700	35,700	400	300	22,555	329	318	298	2,062	261	-548	13,451	6,878	263	30,474	3,297	12,864	231	48,213	248
Proceeds from sales of marketable securities and short-term investments
30,200	0	42,300	17,500	12,800	60,900	212,700	107,700	177,100	64,700	96,700	12,900	45,800	27,100	0	36,900	12,900	900	58,800	1,000	33,600	0	21,700	0	-	-	-	-	0	0	19,136	153	16,652	13,035	21,240	45,124	-	-	-	-
Capital expenditures
126,600	72,100	62,400	59,500	107,400	73,000	64,800	36,900	92,800	58,500	52,700	35,300	65,900	55,500	55,800	45,600	94,200	60,100	61,000	37,400	94,300	62,000	55,900	35,200	72,880	61,834	52,144	34,542	62,266	60,312	52,745	44,207	57,399	71,028	59,388	51,628	38,308	37,934	25,247	25,513
Proceeds from sale of notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Notes receivable funded
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50	0	50	3,000	7,015	0	500	500	0	0	49,996	6,609	-	-	-	-
Proceeds from notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	3,600	4,300	3,800	3,500	363	353	484	0	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
-	-	-	-	-	-	-	-	-1,200	-100	-1,700	-1,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-105,200	-72,200	-49,800	-52,100	-145,000	-24,900	85,100	54,900	-237,100	1,100	-148,800	-96,300	-64,100	-61,700	-98,300	-12,700	-88,300	-99,000	-15,500	-75,400	-60,800	-93,400	-30,800	-32,000	-95,122	-61,810	-52,028	-37,840	-118,402	-121,178	-33,561	-58,005	-47,625	-58,256	-120,292	-16,410	-50,139	-37,252	-73,460	-25,761
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from (repayment of) credit facility borrowings, net
-8,900	-1,100	-5,300	16,800	13,300	-19,100	-5,800	-6,800	-26,700	-70,300	27,600	1,600	9,500	10,600	-500	-5,400	12,700	4,100	-500	-27,600	41,900	-68,400	25,400	-11,400	6,667	39,989	-24,672	27,916	-10,062	22,411	-86,536	121,465	-48,368	10,742	-3,923	55,097	-22,617	14,012	2,484	15,291
Proceeds from other credit facility borrowings
77,800	6,400	22,300	26,600	41,600	0	7,700	0	-	-	-	-	10,400	10,400	48,900	7,100	15,700	3,900	5,200	0	7,700	0	9,700	2,400	2,130	5,027	79,406	3,237	13,326	16,491	0	10,481	-	-	-	-	-	-	-	-
Repayment of other credit facility borrowings
12,600	48,600	20,400	14,500	13,600	0	3,900	14,500	21,800	17,000	18,100	39,200	7,400	5,000	56,500	14,200	0	4,700	0	11,300	0	2,400	0	1,000	949	651	64,096	4,004	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	58,915	-	-	-	-
Repurchase of Common Stock
0	78,000	60,000	25,400	44,100	71,000	265,800	40,500	39,000	27,700	21,000	11,500	2,900	30,800	71,800	78,100	104,200	60,400	22,700	33,100	4,800	5,800	9,300	7,100	0	0	0	0	0	0	7,622	46,485	35,305	86,326	24,548	27,939	7,980	25,668	32,881	14,257
Proceeds from exercised stock options
104,100	1,700	600	2,000	500	5,800	12,500	4,300	40,700	3,200	4,300	6,400	3,900	400	0	11,000	400	400	700	500	600	7,000	14,700	20,600	9,213	3,182	10,189	5,316	4,261	3,829	151	4,771	2,922	5,628	24,910	32,106	27,469	7,022	996	30,196
Payments related to tax withholding for share-based payment arrangements
5,800	500	900	7,900	1,000	1,000	300	6,300	1,200	300	400	6,800	300	0	0	2,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from share-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	300	1,800	100	1,500	5,000	7,500	2,788	1,280	4,754	6,078	916	827	80	9,940	1,150	1,872	6,887	8,862	4,814	374	484	3,452
Cash dividends on Common Stock
69,600	69,700	70,300	66,700	66,900	67,200	67,500	62,200	62,000	62,300	62,200	56,100	56,000	56,100	56,400	50,300	51,200	51,500	51,500	49,200	49,200	49,100	49,100	43,800	43,482	43,509	42,461	40,748	40,660	40,627	40,592	36,715	36,774	36,978	37,161	31,927	31,675	31,585	31,810	25,320
Distribution to non-controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	1,700	100	-100	2,100	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financing fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	100	100	0	7,900	0	100	6,351	56	893	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
85,000	-189,800	-134,000	-69,100	-70,800	-154,400	-323,100	-126,000	-140,200	-131,200	-44,100	-105,600	-44,500	-70,300	-137,000	-134,600	-130,400	-108,100	-68,600	-119,000	-3,700	18,700	-5,500	-32,900	-30,018	4,596	-37,773	-2,205	-32,639	15,567	25,061	63,457	-61,731	-95,535	-33,835	-22,716	-70,000	-96,434	-67,727	9,362
Effect of exchange rate changes on cash and cash equivalents
-1,900	800	-7,500	7,000	-8,800	3,000	300	-200	2,000	10,000	1,700	-1,000	10,100	-4,400	-4,900	1,100	-800	4,200	500	-3,400	7,900	800	-1,000	1,800	210	3,698	-3,248	-2,160	4,212	4,823	-9,506	2,765	-3,561	970	-5,451	6,199	4,774	4,881	2,257	-3,537
Net increase (decrease) in cash and cash equivalents
385,100	-151,400	-68,500	-83,100	150,000	-110,200	-246,400	28,500	125,700	24,200	-18,000	-89,200	200,500	61,200	-113,300	-64,000	170,400	-85,300	82,700	-54,200	380,700	-48,900	38,900	13,500	-175,362	31,536	24,748	-39,922	160,326	-21,568	44,498	-112,372	154,843	-253,870	-71,438	-77,172	199,349	-84,483	-107,025	-111,952