TEMPUR SEALY INTERNATIONAL, INC. TPX Cash Flow

Tempur sealy international, inc. (TPX)

CashFlow / TTM

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 FROM CONTINUING OPERATIONS:
CASH FLOWS FROM OPERATING ACTIVITIES FROM CONTINUING OPERATIONS:
Net income before non-controlling interests
220,600	189,400	155,500	123,700	103,400	97,600	131,200	131,000	131,500	140,700	144,300	179,700	178,000	185,000	201,300	165,600	166,600	152,600	134,100	130,700	107,300	110,000	91,100	93,800	94,100	78,900	74,100	31,900	63,100	106,800	139,607	203,556	227,540	219,600	209,641	191,890	172,312	157,200	0	0	0
Loss from discontinued operations, net of tax
-2,200	-1,400	-7,700	-24,400	-21,000	-17,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
91,400	89,700	88,600	88,800	87,800	87,100	85,800	82,800	81,900	80,700	78,200	76,100	74,400	72,400	125,700	125,700	126,100	126,300	73,500	72,800	74,200	76,300	79,800	83,300	83,300	74,600	61,900	50,100	38,800	36,300	35,860	35,310	34,659	34,300	33,870	33,284	33,156	32,400	0	0	0
Amortization of stock-based compensation
27,500	26,800	25,200	24,900	25,100	24,800	24,400	23,800	23,000	13,300	9,400	8,200	6,700	16,200	37,800	37,800	41,000	38,900	20,400	19,700	13,300	13,400	12,500	14,100	17,500	16,900	15,800	6,500	4,800	5,700	9,265	16,381	18,371	16,700	14,782	13,980	11,918	11,600	0	0	0
Non-cash lease expense
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
2,500	2,400	2,200	2,300	2,300	2,300	2,400	2,300	2,300	2,200	2,100	2,100	2,200	3,500	23,300	37,000	38,600	39,000	21,000	12,400	12,400	12,500	12,600	9,300	9,300	7,400	5,400	3,400	1,400	1,400	1,311	1,354	1,227	1,000	872	701	700	700	0	0	0
Write-off of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,700	4,700	4,700	4,700	0	0	0	0	-	-	-	-	-	-	-	-
Bad debt expense
43,400	29,300	28,900	34,200	31,600	31,300	10,500	5,500	8,700	9,800	9,800	8,200	4,900	4,000	10,100	10,100	11,700	11,300	4,500	4,000	4,200	4,900	6,000	5,700	2,600	1,300	900	700	3,000	2,500	2,015	1,763	930	1,600	-287	359	594	500	0	0	0
Deferred income taxes
-2,300	-7,100	-2,700	17,200	4,100	6,000	-34,800	-50,100	-55,700	-61,100	-32,500	-43,600	-34,700	-31,100	-37,000	-28,900	-37,700	-42,700	-24,700	-24,900	-32,000	-27,200	-16,600	-14,500	-9,500	-49,100	-54,600	-6,000	2,500	38,400	28,580	-14,567	-13,138	-8,500	1,816	2,492	2,162	4,900	0	0	0
Dividends received from unconsolidated affiliates
12,100	13,400	14,600	13,400	14,500	14,800	15,600	11,500	11,600	11,300	12,200	10,700	10,000	10,800	16,400	13,800	12,300	12,100	5,000	3,900	3,900	2,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity income in earnings of unconsolidated affiliates
12,800	15,900	16,500	16,400	16,600	17,600	16,500	16,200	16,800	15,600	15,300	14,200	13,200	13,300	20,500	20,100	20,100	20,300	11,100	10,900	9,600	8,300	7,700	6,900	5,900	4,400	2,300	1,300	200	0	0	0	0	-	-	-	-	-	-	-	-
Non-cash interest expense on 8.0% Sealy Notes
-	-	-	-	-	-	-	-	-	-	-	-	-	4,000	2,300	800	1,300	1,800	4,400	5,000	5,000	5,100	2,300	2,500	2,500	3,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of assets
-	-	-	-	-	-	-	-	-2,100	-2,200	-2,200	500	-1,400	-1,300	-2,300	-2,400	-2,800	-2,700	-3,700	-4,700	-3,700	-3,900	-1,600	-600	-1,100	-800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency adjustments and other
-1,900	5,200	5,500	5,500	4,700	2,100	3,200	6,500	6,700	2,900	1,000	-1,500	-1,100	400	-4,000	-6,600	-8,500	-10,200	-6,400	-4,100	-1,800	-1,800	-200	500	-300	-100	-200	-1,700	-600	-1,800	-3,711	-2,826	-1,858	-1,200	988	3,476	902	500	0	0	0
Changes in operating assets and liabilities, net of effect of business acquisitions:
Accounts receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses and other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities, net of effect of business acquisitions
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Net cash provided by operating activities from continuing operations
325,200	314,800	278,600	236,000	211,200	207,500	170,500	198,700	190,200	256,500	274,900	191,400	254,100	168,100	344,000	418,200	355,000	367,400	177,500	153,900	220,400	225,200	174,600	182,400	91,700	98,500	141,100	91,900	150,500	189,900	223,321	231,250	237,575	248,700	223,365	220,228	216,505	184,100	0	0	0
Net Cash Provided by (Used in) Investing Activities [Abstract]
CASH FLOWS FROM INVESTING ACTIVITIES FROM CONTINUING OPERATIONS:
Proceeds from disposition of business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property, plant and equipment
95,300	88,200	79,700	73,000	70,900	73,600	79,300	81,200	75,500	66,600	63,100	63,500	62,200	61,900	107,800	107,300	114,200	117,000	68,300	64,600	55,100	47,500	41,900	37,600	42,200	40,000	40,500	49,200	49,500	50,500	49,059	38,002	30,885	29,500	24,611	23,500	26,073	18,100	0	0	0
Acquisitions, net of cash acquired
55,000	17,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,172,900	1,173,500	1,175,700	1,270,000	4,500	0	0	0	-	-	-	-	-	-	-	-
Debtor-in-possession financing arrangement
0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-6,900	-15,100	-17,100	-12,100	-6,500	-2,400	-300	-600	-4,200	-900	-900	-900	-1,100	0	1,000	0	0	0	-	-	-2,900	-2,100	-1,000	4,300	1,000	100	-900	-2,100	-100	0	20	30	2,171	2,000	0	0	0	-	-	-	-
Net cash used in investing activities from continuing operations
-133,900	-90,200	-79,700	-78,000	-73,900	-71,200	-79,000	-80,600	-71,300	-65,700	-62,200	-62,600	-61,100	-61,900	-101,600	-101,300	-101,300	-103,900	-61,300	-64,600	-17,200	-10,400	-5,900	4,400	49,400	-1,213,000	-1,213,100	-1,222,800	-1,319,400	-55,000	-53,013	-44,332	-37,656	-36,100	-31,713	-25,994	-39,786	-37,500	0	0	0
Net Cash Provided by (Used in) Financing Activities [Abstract]
Proceeds from borrowings under long-term debt obligations
1,641,300	1,242,800	834,400	871,900	890,400	1,094,900	1,210,000	1,346,200	1,447,100	1,332,900	1,347,700	1,516,900	2,434,700	2,233,300	2,735,000	0	0	0	-	-	-	-	-	-	-	2,992,600	-238,000	-199,000	15,000	0	-397,500	-327,000	20,500	0	701,464	658,964	190,464	308,800	0	0	0
Repayments of borrowings under long-term debt obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	1,658,300	476,500	547,500	645,000	0	-360,500	-355,500	28,500	0	628,987	618,987	254,549	197,800	0	0	0
Proceeds from borrowings under long-term debt obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Repayments of borrowings under long-term debt obligations
0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Proceeds from issuance of Senior Notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	375,000	375,000	375,000	375,000	0	0	0	0	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
16,700	17,800	13,200	7,500	5,100	4,600	10,500	13,500	14,600	12,800	7,000	11,600	12,800	15,700	35,600	32,600	38,500	37,100	17,100	11,300	4,200	4,300	6,600	6,700	6,200	8,700	6,800	6,800	8,300	11,400	12,481	14,014	16,883	26,300	31,004	31,516	37,009	28,600	0	0	0
Excess tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	7,000	27,800	29,800	42,700	41,500	19,800	14,900	800	1,700	3,300	3,400	3,800	5,400	4,500	4,300	4,300	10,500	10,944	14,767	19,947	19,200	20,274	17,120	12,264	5,600	0	0	0
Treasury stock repurchased
301,300	105,700	56,600	7,100	5,400	4,600	3,500	3,800	4,000	44,900	260,200	361,800	476,800	535,000	321,000	218,700	103,500	2,600	1,300	1,200	1,100	2,200	9,200	9,200	9,200	7,000	0	0	137,700	152,600	278,500	358,490	319,693	365,900	240,000	210,010	411,107	250,000	0	0	0
Payment of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	52,000	54,200	54,100	53,800	2,300	0	0	0	-	-	-	-	-	-	-	-
Fees paid to lenders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Call premium on 2020 Senior Notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from purchase of treasury shares by CEO
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of finance lease obligations and other
-200	-7,800	-7,400	-6,100	-5,900	-6,100	-5,800	-4,700	-2,400	-4,000	-3,100	-3,200	-3,900	-100	-3,700	-4,300	-5,700	-5,900	-1,900	-800	700	600	100	-600	-600	-1,000	-1,000	-700	-2,800	-2,800	-2,800	-2,600	-600	-300	0	0	0	-	-	-	-
Net cash provided by financing activities from continuing operations
-26,100	-203,200	-168,100	-141,600	-115,500	-107,000	-58,300	-72,300	-79,700	-175,200	-241,500	-216,800	-178,200	-185,100	-214,900	-213,000	-260,800	-178,100	-136,000	-184,200	-246,800	-238,100	-216,600	-170,300	-158,900	1,013,400	1,040,100	1,092,000	1,129,200	-70,800	-116,983	-126,000	-119,663	-148,900	-124,037	-129,106	-160,021	-106,400	0	0	0
Net cash provided by (used in) continuing operations
165,200	21,400	30,800	16,400	21,800	29,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
CASH USED IN DISCONTINUED OPERATIONS
Operating cash flows
-2,400	-2,000	-8,500	-10,600	-14,500	-24,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investing cash flows
0	0	2,300	2,200	2,100	2,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financing cash flows
0	0	0	0	0	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in discontinued operations
-2,400	-2,000	-6,200	-8,400	-12,400	-22,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS
-5,400	-300	-5,100	-2,300	-4,300	-3,100	-4,200	-5,800	-6,600	-9,400	-4,900	-8,300	-6,300	-6,200	-1,000	7,900	8,500	15,300	9,800	8,800	8,900	4,800	3,100	3,600	6,000	2,800	6,800	6,100	-2,800	3,800	-4,617	-13,434	-5,593	-5,900	-2,629	6,263	4,259	-600	0	0	0
Increase (decrease) in cash and cash equivalents
157,400	19,100	19,500	5,700	5,100	3,900	-8,400	-5,900	-8,000	-23,800	-47,200	-99,400	5,400	-88,200	26,500	111,800	1,400	100,700	-10,000	-86,100	-34,700	-18,500	-44,800	20,100	-11,800	-98,300	-25,100	-32,800	-42,500	67,900	48,708	47,484	74,663	57,800	64,986	71,391	20,957	39,600	0	0	0
Supplemental cash flow information:
Cash paid during the period for:
Interest
87,300	89,000	91,300	92,400	92,200	91,800	90,000	88,900	87,700	86,600	85,000	81,900	76,600	75,400	107,500	111,500	103,400	108,100	65,200	68,400	71,300	73,500	76,100	78,000	89,300	92,100	91,100	81,900	48,500	37,100	11,961	10,527	9,466	8,000	11,531	12,176	12,792	13,600	0	0	0
Income taxes, net of refunds
72,500	73,800	50,500	49,800	30,700	32,500	57,600	60,600	78,000	79,800	68,300	78,000	73,900	81,300	152,100	141,700	143,700	159,500	89,800	93,200	80,500	56,300	94,400	117,699	98,700	96,400	56,600	32,000	73,000	80,100	91,534	99,579	91,392	84,200	74,199	72,980	62,797	63,900	0	0	0