Tribune publishing company (TPCO)
CashFlow / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jul'18Jun'18Apr'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14
Net income (loss)

-

-

-

-

-

-

-

-

-

-14,511

-

-

-

-2,989

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating Activities
Net income (loss) from continuing operations

-4,410

6,873

5,344

-4,714

3,958

-8

-15,101

-15,742

-28,071

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19,416

-

-10,472

4,056

-6,463

-77

-8,601

3,398

2,515

15,469

-156

15,203

11,772

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

12,321

11,261

11,648

12,084

15,695

11,608

-

11,310

12,446

14,649

12,201

11,423

10,504

13,178

-

8,564

14,375

14,300

14,124

-

-

-

-

-

-

-

-

Depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,825

-

8,002

2,894

2,740

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,884

-

2,143

1,621

1,606

Amortization of contract intangible liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

27

-

28

36

48

Allowance for bad debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,124

3,191

2,963

-

2,394

1,625

2,159

4,934

7,083

3,162

2,469

Stock compensation expense

2,070

2,449

2,914

5,737

2,940

2,318

-

2,748

1,587

2,447

1,976

3,210

2,210

1,859

-

1,573

2,181

2,200

1,619

1,762

2,059

1,471

1,530

-

-

-

-

Gain on postretirement plan amendment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,029

0

0

7,799

0

0

0

0

Income (Loss) from Equity Method Investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-168

-129

-

-

-

-

-350

-201

-294

-335

Non-current deferred revenue

-

-

-

-

-

-

-

-

-

1,607

-

-

-

474

393

-

708

462

459

457

455

452

451

6,812

-8,229

398

479

Excess tax expense realized from exercise of stock-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

653

-

-

-

-

-

-

-

-

Premium on stock buyback

-

-

-

-

-

-

-

0

-

0

0

0

0

6,031

-

0

0

0

0

-

-

-

-

-

-

-

-

Loss on equity investments, net

-

-

-

487

-

-

-

687

729

707

276

1,188

573

688

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

1,315

-5,718

2,858

-1,036

-4,208

-3,276

-

5,199

4,496

1,895

4,252

8,064

-7,604

10,832

-

-5,160

7,252

1,109

8,347

-9,640

-855

-1,106

8,947

-2,235

-2

4,121

5,340

Other non-cash items

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,012

-1,034

643

-

-575

600

-574

-

-996

-1

-105

Payment for Pension Benefits

-

875

555

499

-

2,885

-

-5,209

0

5,743

-

0

-1,957

1,957

-

-8,856

1,956

1,957

4,943

1,143

1,840

0

0

-

-

-

-

Postretirement medical, life and other benefits

-

265

145

637

-

10,246

-

-4,128

6,497

6,497

-

712

394

540

-

-1,039

1,196

-303

1,081

3,008

607

1,132

197

642

-5,664

5,832

894

Changes in working capital items, excluding acquisitions:
Accounts receivable, net

9,059

-8,184

2,112

-35,529

8,304

13,756

-

19,486

-25,743

-35,287

2,944

-2,572

11,378

-34,093

-

20,319

-4,583

-2,894

-39,802

36,885

-8,760

-2,294

-31,824

45,513

-10,376

2,674

-41,419

Prepaid expenses, inventories and other current assets

-6,644

5,720

-4,138

11,226

-10,620

2,850

-

-21,608

2,476

4,674

-6,691

10,124

-9,094

10,284

-

-11,399

7,300

-10,866

4,609

-903

5,530

-8,565

-9,884

1,163

8,687

330

339

Accounts payable, employee compensation and benefits, deferred revenue and other current liabilities

-2,178

-3,762

-12,789

-29,738

33,919

-32,598

-

9,791

10,172

107

-6,686

14,482

-19,420

-21,838

-

-27,579

3,762

-22,560

-20,569

48,821

11,838

-10,649

-38,816

25,374

15,001

4,149

-6,403

Other, net

668

-256

969

-1,243

2,490

-934

-

2,149

-1,634

-473

8,476

-1,734

726

1,949

-

-1,692

-2,620

662

157

-

-

-

-

-

-

-

-

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

21,587

-

-

-

30,548

-

-

12,117

15,804

27,721

-

-

-

-

-

-

-

-

Other, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-572

-1,058

-50

-

-

-

-

Net cash provided by operating activities

21,146

14,384

12,825

4,744

58,245

-48,471

-

24,684

16,495

-

-

-

-

-

-

-

-

-

-

4,154

22,598

17,688

21,041

4,664

48,838

19,449

57,623

Investing Activities
Capital expenditures, including software additions

4,686

4,578

5,377

3,911

4,212

18,521

-

23,210

7,028

7,225

10,313

3,897

4,578

4,662

-

-5,156

6,094

5,016

4,783

4,788

7,663

6,698

13,126

10,898

8,181

2,077

1,112

Acquisitions, net of cash acquired

0

0

0

0

-132

3,047

-

34,003

33,949

33,949

749

-3,305

0

0

-

-

-

-

-

-

-

-

-

19,998

0

30,282

2,000

Other, net

-563

539

29

150

1,968

-164

-

1,284

1,087

1,087

440

360

758

723

-

709

64

1,768

-6

651

229

-15

542

-

-

-

-

Investments in equity investments, net of distributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,000

1,009

0

Net cash used for investing activities

-4,123

-5,117

-5,406

-4,061

-6,048

-21,404

-

-58,694

-42,064

-

-

-

-

-

-

-

-

-

-

-5,441

2,456

-74,352

-13,668

-31,646

-36,383

-31,785

-3,112

Net cash used for investing activities

-

-

-

-

-

-

-

-

-

-42,261

-

-

-

-5,385

-

-

10,845

-6,784

-4,777

-

-

-

-

-

-

-

-

Financing Activities
Repayment of long-term debt

0

0

0

0

0

0

-

347,981

5,272

5,272

10,545

5,272

5,273

5,272

-

5,273

5,272

5,273

5,272

5,343

5,683

4,375

4,375

0

0

0

0

Proceeds from issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-2

70,442

42,878

0

0

0

0

-

-

-

-

Purchase of treasury stock

-

-

-

-

-

-

-

0

-

0

0

0

0

56,189

-

0

0

0

0

-

-

-

-

-

-

-

-

Withholding for taxes on RSU vesting

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15

-40

1,861

-

-

-

-

Repayments of capital lease obligations

-

-

-

-

259

0

-167

-

-

167

-

-

-

120

-

-256

479

94

94

0

0

0

0

-

-

-

-

Withholding for taxes on RSU vesting

-

-1,525

0

-13

-

-2,044

-

-119

-943

-943

-

-1,181

0

-896

-

1

-1

-83

-737

-2,576

-43

111

604

0

0

0

0

Proceeds from exercise of stock options

-

-

-

-

-

-

-

0

-

134

1,563

0

95

0

-

-

-

-

-

0

21

183

77

71

182

0

0

Dividends paid to common stockholders

-

-

-

-

-

-

-

0

-

0

-

0

0

145

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid to common stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

16

-

-17

111

4,757

4,594

4,306

4,706

136

4,614

0

0

0

Other

-

0

24

-24

-

-187

-

-48

84

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used for financing activities

-

-

-

-

-

-

-

-

-

-6,248

-

-

-

-62,622

-

-

-5,532

64,881

32,018

-

-

-

-

-

-

-

-

Transactions with Tribune Media Company, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,553

26,849

-16,334

55,665

Net cash used for financing activities

-12,586

-55,373

-3,679

-37

-910

-4,365

-

-348,014

-6,131

-

-

-

-

-

-

-

-

-

-

-12,532

-12,129

58,172

-3,830

4,010

34,654

16,334

-55,665

Decrease in cash attributable to continuing operations

4,437

-46,106

3,740

646

51,287

-74,240

-

-382,024

-31,700

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash Flows From Discontinued Operations
Cash flows provided by (used for) operating activities of discontinued operations, net

0

0

-5,971

0

-38,419

-49,458

-

-979

3,366

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows provided by investing activities of discontinued operations, net

0

0

0

0

-12,864

8,184

-

483,517

-197

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows used for financing activities of discontinued operations, net

0

0

0

0

-26

-101

-

-73

-117

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in cash attributable to discontinued operations

0

0

-5,971

0

-51,309

-41,375

-

482,465

3,052

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash

4,437

-46,106

-2,231

646

-22

-115,615

-

100,441

-28,648

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash

-

-

-

-

-

-

-

-

-

-26,922

-

-

-

-37,459

11,224

-

17,430

73,901

54,962

-13,819

12,925

1,508

3,543

-22,972

47,109

3,998

-1,154