Tapestry, inc. (TPR)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jul'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09Dec'08Sep'08
CASH FLOWS PROVIDED BY (USED IN) OPERATING ACTIVITIES
Net income (loss)

-209,400

585,100

541,100

643,400

706,200

729,100

537,500

397,500

337,500

319,400

455,900

591,000

520,800

511,100

481,500

460,500

390,700

366,300

379,700

402,400

465,900

568,600

682,500

781,300

927,423

975,555

1,030,919

1,034,400

1,064,507

1,050,577

1,045,308

1,038,910

989,961

950,974

906,907

880,800

873,846

845,467

782,989

734,940

685,206

642,429

618,385

623,369

0

0

0

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

273,300

266,900

271,400

268,200

261,500

260,300

255,800

260,300

252,700

238,900

226,000

212,800

202,700

203,700

208,500

210,600

211,200

209,100

202,900

191,800

188,500

186,300

187,700

189,400

185,434

179,019

171,896

163,000

149,842

144,708

136,959

132,909

129,990

126,709

124,909

125,106

126,582

128,790

125,615

126,744

125,202

123,355

125,703

123,014

0

0

0

Provision for bad debt

17,500

8,100

5,400

7,100

6,700

4,000

3,600

1,300

2,200

2,100

2,000

1,700

2,000

3,700

4,000

3,700

2,400

1,300

1,200

1,700

1,900

1,500

1,600

1,600

1,298

1,149

1,234

-500

-3,350

-5,088

-4,022

595

1,822

3,405

3,082

2,014

1,811

1,091

472

-698

-48

-1,569

589

909

0

0

0

Share-based compensation

66,400

75,500

79,900

84,800

85,800

85,900

83,300

81,300

79,400

75,900

77,600

73,600

76,200

78,500

79,900

86,800

87,600

89,100

89,900

88,900

93,300

96,400

99,500

95,100

100,091

104,474

109,467

120,500

117,634

114,945

111,438

107,511

103,549

100,099

98,094

95,830

93,845

89,855

84,794

81,420

76,828

74,458

73,273

67,542

0

0

0

Organization-related and integration activities

34,700

41,600

45,300

32,500

22,800

23,900

41,700

134,900

126,700

121,100

100,100

8,500

15,100

14,200

15,300

17,700

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment charges

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes to lease related balances, net

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax effect from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-3,800

300

300

-400

-9,000

-11,200

-10,400

-12,200

-5,600

6,300

4,000

9,000

11,500

15,521

18,672

22,209

26,800

27,552

57,178

58,579

68,057

70,171

41,856

70,546

58,164

48,619

46,637

29,841

27,616

17,246

16,769

-2,152

-871

0

0

0

Transformation and other actions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-40,300

-2,300

-16,800

34,500

29,900

74,700

-10,100

-50,900

-24,300

-29,300

49,600

78,000

-6,700

-48,300

-67,700

-52,300

22,200

11,600

19,700

21,500

-34,400

-31,500

-17,200

-22,800

29,205

16,138

2,042

-6,500

20,915

8,017

1,137

27,568

27,200

48,677

64,117

39,724

24,703

12,595

1,814

-17,129

-17,058

14,866

15,393

13,660

0

0

0

Other non-cash charges, net

-4,700

-600

13,700

5,500

2,400

-2,900

-11,900

-3,100

35,200

36,100

25,700

19,100

-7,300

-2,800

6,700

14,700

2,700

-3,900

2,700

3,200

3,700

-1,400

-3,500

-6,500

13,435

10,329

4,821

-1,200

-11,873

3,547

-2,772

-217

-15,910

-29,780

-15,564

-9,790

6,591

29,084

20,108

10,449

-14,147

-21,591

-14,470

-10,151

0

0

0

Changes in operating assets and liabilities:
Trade accounts receivable

-50,000

18,800

37,900

-25,700

33,300

53,800

11,700

5,600

-13,300

-19,700

-1,600

29,400

-54,800

-24,500

-1,600

28,300

36,900

45,500

14,900

-300

9,800

10,500

37,200

23,700

27,558

16,327

10,523

14,200

10,863

8,919

20,026

26,565

34,000

32,622

18,898

31,831

10,766

-3,906

24,643

-4,344

23,465

143,859

42,481

-3,309

0

0

0

Inventories

153,200

43,100

70,700

104,700

104,700

24,200

-35,700

-30,400

-23,100

-19,400

89,900

20,000

11,500

25,100

-50,100

-40,700

-18,900

-19,400

-26,400

-29,200

-22,800

-5,600

52,000

64,100

84,733

85,875

71,877

38,600

16,772

29,360

41,186

71,680

97,102

80,082

69,056

64,720

87,494

94,105

125,228

33,878

7,822

-9,356

80,681

-4,070

0

0

0

Accounts payable

-14,800

-33,100

-26,100

-39,800

15,900

27,300

-30,100

-77,300

-76,400

-56,000

-7,400

8,400

-51,300

-400

-49,400

-48,400

500

-21,900

35,800

64,400

58,500

28,500

11,300

-30,200

-28,773

-16,877

33,464

30,400

32,544

18,750

-11,116

36,494

14,366

31,481

36,323

9,742

-22,923

-21,130

9,990

1,019

42,204

-3,552

-36,862

-37,017

0

0

0

Accrued liabilities

-89,800

-61,700

22,100

-29,500

52,200

73,700

-36,900

-16,900

11,600

4,100

18,500

-50,100

-33,300

30,200

-19,200

30,100

2,500

-15,000

26,000

63,200

116,000

-7,600

-32,900

14,100

-20,522

-1,644

96,198

98,900

31,370

34,993

104,848

84,180

93,744

217,201

39,874

53,733

2,829

-24,875

13,525

68,063

62,104

66,964

-137

-32,092

0

0

0

Other liabilities

-32,200

-108,700

-62,700

-55,800

-72,100

-35,400

194,600

157,700

142,100

177,000

-78,400

-53,400

47,200

61,100

52,600

49,500

-22,900

-4,300

-18,200

-5,900

13,500

-11,000

800

5,700

-37,580

-25,767

-24,354

-13,000

-16,453

1,789

-15,310

-17,581

6,742

-32,086

-10,196

13,421

10,915

49,912

48,012

28,477

35,570

31,744

4,522

211

0

0

0

Other assets

-4,400

41,000

5,400

69,200

-44,500

3,400

-6,100

-80,900

-54,800

-97,000

-54,000

-48,000

43,600

79,000

38,400

6,300

19,200

700

-2,300

-17,800

-12,700

-44,000

6,400

64,200

-3,764

-22,844

-39,690

-39,500

31,466

54,056

53,326

22,812

22,498

37,555

39,393

42,174

-36,012

-40,396

-49,901

-35,640

-40,526

-42,592

-14,049

-31,155

0

0

0

Net cash provided by (used in) operating activities

635,000

754,100

816,500

791,700

1,013,000

1,165,000

1,081,400

996,700

910,300

956,700

788,100

853,800

779,400

776,700

712,500

758,600

695,800

663,800

806,500

937,400

1,066,900

1,004,500

960,200

985,400

1,043,893

1,148,488

1,375,926

1,414,000

1,322,229

1,215,631

1,198,897

1,221,689

1,159,513

1,284,125

1,080,781

1,033,271

994,150

971,857

927,794

990,877

1,079,548

1,081,374

973,209

809,152

0

0

0

CASH FLOWS USED IN INVESTING ACTIVITIES
Hudson Yards sale of investments

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of interest in equity method investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

140,300

159,800

160,900

161,600

139,100

121,700

110,700

97,900

87,200

0

0

0

-

-

-

-

-

-

-

-

9,559

0

0

0

-

-

-

-

-

-

-

-

Acquisitions, net of cash acquired

4,100

5,800

27,800

43,500

42,000

93,300

71,300

2,375,800

2,373,200

2,320,200

2,320,200

0

0

0

0

-

-

-

-

-

-

-

-

3,800

1,963

9,856

9,856

53,300

53,337

91,084

91,084

53,235

0

0

0

-

-

-

-

-

-

-

-

24,400

0

0

0

Purchase of corporate headquarters building

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

103,300

0

0

0

Purchases of investments

291,500

286,300

351,300

415,500

336,700

287,000

160,700

3,800

28,700

138,400

322,300

523,500

618,000

602,300

663,300

664,700

544,100

448,600

228,900

49,600

73,200

219,600

403,900

543,400

0

0

0

-

-

-

-

-

-

-

-

224,007

0

0

0

-

-

-

-

-

-

-

-

Proceeds from maturities and sales of investments

392,800

275,500

245,200

159,000

82,300

55,800

339,500

482,200

622,600

745,200

588,100

591,200

603,800

566,200

473,400

425,900

312,300

289,300

309,700

305,200

342,800

327,300

247,900

146,300

0

0

0

-

-

-

-

-

-

-

-

321,679

0

0

0

-

-

-

-

-

-

-

-

Purchases of property and equipment

262,900

280,000

290,900

274,200

265,000

257,300

273,700

267,400

277,600

287,900

264,400

283,100

312,100

342,600

394,500

396,400

351,200

295,200

228,400

199,300

186,500

192,500

214,100

219,600

239,069

231,001

231,010

241,400

232,664

231,223

209,704

184,309

168,342

168,731

155,559

147,744

120,474

93,415

84,162

81,116

77,189

89,039

111,512

137,029

0

0

0

Acquisition of lease rights, net of proceeds

-

-

-

-

-

-

-

-

-

-

-

1,800

-12,700

-4,700

-2,100

-8,900

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-165,700

-296,600

-424,800

-574,200

-561,400

-581,800

-166,200

-2,164,800

-2,050,600

-1,995,300

-2,184,200

593,000

427,400

335,500

-34,000

-810,000

-1,269,600

-1,145,500

-839,300

-612,900

-52,000

-197,800

-470,300

-707,700

-869,850

-825,045

-700,166

-570,500

-461,184

-445,538

-322,670

-259,426

-160,025

-33,176

-83,601

-59,631

3,056

-252,943

-176,730

-182,244

-293,160

-100,132

-217,886

-264,729

0

0

0

CASH FLOWS USED IN FINANCING ACTIVITIES
Dividend payments

385,000

389,800

390,300

390,700

389,800

388,000

386,200

384,100

381,900

380,500

379,100

378,000

377,000

376,000

375,200

374,500

373,900

373,200

372,500

371,800

371,400

372,300

374,100

376,500

283,676

274,047

348,934

339,700

404,422

385,165

280,789

260,276

239,807

219,622

198,594

178,115

156,755

135,655

115,255

94,324

0

0

0

-

-

0

0

Proceeds from issuance of debt

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock

400,000

400,000

367,000

100,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

524,900

524,900

349,900

400,000

400,000

569,000

741,000

816,000

700,000

911,556

932,001

1,019,500

1,098,000

0

0

0

-

-

-

-

453,786

0

0

0

Repayment of debt

-

-

-

-

-

-

-

-

-

-

-

285,000

292,500

296,300

300,000

15,000

7,500

3,700

0

500

500

500

1,000

500

22,047

22,150

22,204

22,300

847

1,260

800

795

791

369

751

746

741

737

318

679

594

504

447

285

0

0

0

(Repayments) borrowings on revolving credit facility, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Proceeds from share-based awards

5,400

6,200

9,200

35,300

37,400

136,200

148,400

165,700

189,600

104,000

93,200

70,400

61,000

51,100

46,900

29,100

23,600

28,800

30,400

36,500

25,300

21,700

33,100

48,600

65,868

65,174

81,597

80,400

67,699

115,586

117,155

185,071

254,021

228,231

413,899

362,157

391,371

403,829

253,783

213,296

112,625

72,651

6,381

7,363

0

0

0

Borrowings under revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

340,000

430,000

530,000

550,000

450,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

480,000

640,000

510,000

380,000

310,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Taxes paid to net settle share-based awards

15,600

17,100

17,400

27,000

26,400

25,900

28,600

31,500

31,000

30,900

28,000

21,500

22,300

22,100

22,900

15,500

15,600

16,500

15,800

15,600

15,600

14,800

15,300

40,300

45,614

45,974

45,583

34,300

29,704

34,724

35,204

33,938

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Finance Lease, Principal Payments

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax effect from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-3,800

300

300

-400

-9,000

-11,200

-10,400

-12,200

-5,600

6,300

4,000

9,000

11,500

15,521

18,672

22,209

26,800

27,552

57,178

58,579

68,057

70,171

41,856

70,546

58,164

48,619

46,637

29,841

27,616

17,246

16,769

-2,152

-871

0

0

0

Acquisition-related payment of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,800

9,800

9,800

9,900

6,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-800,100

-803,300

-768,000

-484,900

-379,400

-1,378,000

-1,366,600

-249,900

761,300

1,776,500

1,769,300

369,500

-630,500

-643,000

-651,600

-384,900

-384,600

495,100

350,100

389,300

314,400

-526,700

-538,100

-748,100

-584,848

-608,225

-712,915

-689,100

-908,722

-989,385

-957,059

-741,881

-879,068

-953,050

-777,337

-875,126

-893,262

-1,042,118

-1,127,761

-1,019,899

-644,074

-310,705

-173,439

-440,083

0

0

0

Effect of exchange rate changes on cash and cash equivalents

-

-

-6,300

-

-

-

-17,200

-11,500

16,200

17,400

100

-2,400

-3,400

-3,300

7,100

3,500

-2,000

-5,900

-12,200

-13,900

-10,800

-11,900

-5,500

-500

-2,039

-5,660

-8,985

-8,800

-5,634

-7,646

-4,132

-2,949

-3,490

3,464

4,505

4,798

6,018

4,259

3,388

7,374

9,197

8,487

3,286

-2,883

0

0

0

Net decrease in cash and cash equivalents

-332,700

-340,100

-382,600

-274,200

43,600

-828,000

-468,600

-1,429,500

-362,800

755,300

373,300

1,813,900

572,900

465,900

34,000

-432,800

-960,400

7,500

305,100

699,900

1,318,500

268,100

-53,700

-470,900

-412,844

-290,442

-46,140

145,600

-53,311

-226,938

-84,964

217,433

116,930

301,363

224,348

103,312

109,962

-318,945

-373,309

-203,892

151,511

679,024

585,170

101,457

0

0

0

Supplemental information:
Cash paid for income taxes, net

129,000

136,300

149,300

183,800

83,700

72,200

63,100

16,400

71,900

66,200

106,500

159,100

189,400

237,500

232,100

158,900

171,700

173,300

171,600

180,300

201,400

323,600

370,400

384,200

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

50,400

32,000

45,000

45,400

59,200

75,000

69,300

63,000

58,600

42,500

35,000

35,400

40,200

28,600

45,700

33,700

19,500

18,500

2,100

1,400

1,900

2,000

1,300

1,300

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncash investing activity - property and equipment obligations

17,500

40,400

43,600

48,300

49,500

31,800

23,300

30,100

33,100

31,300

33,800

39,700

56,200

46,700

59,000

48,000

60,000

71,800

66,900

59,500

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-