Tapestry, inc. (TPR)
CashFlow / Yearly
Jun'19Jun'18Jul'17Jun'16Jun'15Jun'14Jun'13Jun'12Jun'11Jun'10Jun'09Jun'08
CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES
Net income (loss)

643,400

397,500

591,000

460,500

402,400

781,300

1,034,400

1,038,910

880,800

734,940

623,369

783,055

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization

268,200

260,300

212,800

210,600

191,800

189,400

163,000

132,909

125,106

126,744

123,014

100,704

Provision for bad debt

7,100

1,300

1,700

3,700

1,700

1,600

-500

595

2,014

-698

909

286

Share-based compensation

84,800

81,300

73,600

86,800

88,900

95,100

120,500

107,511

95,830

81,420

67,542

66,979

Organization-related and integration activities

32,500

134,900

8,500

17,700

59,700

108,200

25,700

0

-

-

-

-

Excess tax effect from share-based compensation

0

0

-3,800

-9,000

-5,600

11,500

26,800

68,057

58,164

27,616

-871

23,253

Deferred income taxes

34,500

-50,900

78,000

-52,300

21,500

-22,800

-6,500

27,568

39,724

-17,129

13,660

-16,907

Other non-cash charges, net

5,500

-3,100

19,100

14,700

3,200

-6,500

-1,200

-217

-9,790

10,449

-10,151

6,845

Changes in operating assets and liabilities:
Trade accounts receivable

-25,700

5,600

29,400

28,300

-300

23,700

14,200

26,565

31,831

-4,344

-3,309

-8,213

Inventories

104,700

-30,400

20,000

-40,700

-29,200

64,100

38,600

71,680

64,720

33,878

-4,070

32,080

Accounts payable

-39,800

-77,300

8,400

-48,400

64,400

-30,200

30,400

36,494

9,742

1,019

-37,017

20,423

Accrued liabilities

-29,500

-16,900

-50,100

30,100

63,200

14,100

98,900

84,180

53,733

68,063

-32,092

75,102

Other liabilities

-55,800

157,700

-53,400

49,500

-5,900

5,700

-13,000

-17,581

13,421

28,477

211

28,529

Other assets

69,200

-80,900

-48,000

6,300

-17,800

64,200

-39,500

22,812

42,174

-35,640

-31,155

94,535

Net cash provided by (used in) operating activities

791,700

996,700

853,800

758,600

937,400

985,400

1,414,000

1,221,689

1,033,271

990,877

809,152

923,361

CASH FLOWS USED IN INVESTING ACTIVITIES
Hudson Yards sale of investments, net of expenses

0

0

680,600

0

0

-

-

-

-

-

-

-

Sale of former headquarters, net of expenses

0

0

126,000

0

0

-

-

-

-

-

-

-

Acquisition of interest in equity method investment

-

-

-

140,300

139,100

87,200

93,900

0

9,559

-

-

-

Acquisitions, net of cash acquired

43,500

2,375,800

0

25,600

519,600

3,800

53,300

53,235

-

1,200

24,400

-

Loans to related parties

-

-

-

-

-

-

11,100

24,138

-

-

-

-

Purchase of corporate headquarters building

-

-

-

-

-

-

-

-

-

-

103,300

-

Purchases of investments

415,500

3,800

523,500

664,700

49,600

543,400

170,800

0

224,007

229,860

-

162,300

Proceeds from maturities and sales of investments

159,000

482,200

591,200

425,900

305,200

146,300

0

2,256

321,679

129,932

-

782,460

Purchases of property and equipment

274,200

267,400

283,100

396,400

199,300

219,600

241,400

184,309

147,744

81,116

137,029

174,720

Acquisition of lease rights, net of proceeds

0

0

1,800

-8,900

10,500

0

0

-

-

-

-

-

Net cash used in investing activities

-574,200

-2,164,800

593,000

-810,000

-612,900

-707,700

-570,500

-259,426

-59,631

-182,244

-264,729

445,440

CASH FLOWS USED IN FINANCING ACTIVITIES
Dividend payments

390,700

384,100

378,000

374,500

371,800

376,500

339,700

260,276

178,115

94,324

-

-

Repurchase of common stock

100,000

0

0

-

-

524,900

400,000

700,000

1,098,000

1,149,998

453,786

1,336,599

Proceeds from issuance of debt, net of discount

0

1,100,000

997,200

0

896,700

0

0

-

-

-

-

-

Debt issuance costs

0

0

9,800

0

6,600

0

0

-

-

-

-

-

Repayment of debt

0

1,100,000

285,000

15,000

500

500

22,300

795

746

679

285

235

(Repayments) borrowings on revolving credit facility, net

-

-

-

-

-

-

-

-

-

-

7,496

-

Proceeds from share-based awards

35,300

165,700

70,400

29,100

36,500

48,600

80,400

185,071

362,157

213,296

7,363

83,320

Borrowings under revolving credit facility

-

-

-

-

340,000

450,000

0

0

-

-

-

-

Repayment of revolving credit facility

-

-

-

-

480,000

310,000

0

0

-

7,496

-

-

Taxes paid to net settle share-based awards

27,000

31,500

21,500

15,500

15,600

40,300

34,300

33,938

18,586

8,314

-

-

Excess tax effect from share-based compensation

0

0

-3,800

-9,000

-5,600

11,500

26,800

68,057

58,164

27,616

-871

23,253

Payment of deferred purchase price

2,500

0

0

-

-

-

-

-

-

-

-

-

Acquisition-related payment of contingent consideration

-

-

-

-

3,800

6,000

0

0

-

-

-

-

Net cash used in financing activities

-484,900

-249,900

369,500

-384,900

389,300

-748,100

-689,100

-741,881

-875,126

-1,019,899

-440,083

-1,230,261

Effect of exchange rate changes on cash and cash equivalents

-6,800

-11,500

-2,400

3,500

-13,900

-500

-8,800

-2,949

4,798

7,374

-2,883

3,409

Net decrease in cash and cash equivalents

-274,200

-1,429,500

1,813,900

-432,800

699,900

-470,900

145,600

217,433

103,312

-203,892

101,457

141,949

Supplemental information:
Cash paid for income taxes, net

183,800

16,400

159,100

158,900

180,300

384,200

445,000

438,884

364,493

364,156

336,091

463,687

Cash paid for interest

45,400

63,000

35,400

33,700

1,400

1,300

1,300

1,793

1,233

1,499

2,014

1,171

Noncash investing activity - property and equipment obligations

48,300

30,100

39,700

48,000

59,500

28,700

34,300

31,363

23,173

16,526

20,520

44,260

Noncash financing activity - mortgage debt assumed

-

-

-

-

-

-

-

-

-

-

23,000

-