TRACTOR SUPPLY CO /DE/ TSCO Cash Flow

Tractor supply co /de/ (TSCO)

CashFlow / Quarterly

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:
Net income
83,777	144,179	122,133	219,210	76,832	136,851	116,784	207,289	71,433	109,743	91,896	160,649	60,311	123,583	89,444	156,425	67,668	111,712	87,312	153,331	58,040	112,062	76,603	133,411	48,809	95,881	64,767	123,580	44,006	79,487	50,021	106,621	40,328	70,512	42,733	91,160	18,335	50,209	29,863	77,318	10,582
Adjustments to reconcile net income to net cash provided by/(used in) operating activities:
Depreciation and amortization
51,436	51,394	49,819	48,998	45,767	45,968	44,986	43,610	42,787	43,133	41,927	41,047	39,727	39,662	35,662	34,057	33,577	32,825	30,149	30,313	30,282	30,114	29,387	27,914	27,220	26,969	26,137	24,220	22,699	22,595	22,208	22,433	21,739	23,662	19,591	18,829	18,265	18,484	17,502	17,157	16,654
Gain on disposition of property and equipment
315	35	-47	85	224	282	908	-529	-94	49	-311	-19	-179	-360	14	-153	-80	-200	-130	-32	47	-140	-317	11	57	-205	-8	22	156	-141	211	-59	-87	-768	382	-524	-45	-1,694	32	193	407
Share-based compensation expense
6,900	5,300	7,400	8,800	9,600	6,100	6,400	7,833	8,567	6,269	7,852	7,522	7,557	6,228	6,114	5,943	5,269	4,583	5,002	4,835	5,000	4,059	3,996	4,177	3,941	3,544	3,415	3,537	3,397	3,590	4,742	4,750	4,559	4,348	3,704	3,377	3,612	3,017	2,528	3,072	3,154
Excess tax benefit of stock options exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,094	4,719	8,181	11,517	3,162	2,481	1,690	11,891	6,822	12,811	11,993	6,098	3,241	6,563	9,934	5,533	3,005	4,067	4,830	-	-	-	-
Deferred income taxes
1,643	-1,735	-1,704	-3,286	13,485	6,878	7,256	-2,156	-91	22,098	12,368	-6,131	-1,611	7,974	5,620	-3,014	-604	17,349	-11,563	-11,595	359	8,502	-15,336	-15,596	2,616	-4,824	-8,014	-6,182	10,711	-11,792	-8,902	-9,993	4,106	3,758	-6,270	-4,035	8,403	2,498	5,275	-7,925	2,842
Change in assets and liabilities:
Inventories
303,132	-209,991	79,622	-148,182	291,790	-147,731	104,993	-127,785	306,857	-138,347	123,301	-189,507	288,105	-137,909	123,435	-104,192	186,316	-130,187	121,416	-77,819	255,515	-180,374	141,239	-70,647	245,924	-162,705	59,152	-60,039	234,784	-112,024	73,206	-84,846	200,961	-82,919	38,255	-65,894	204,857	217,409	-52,826	51,886	-156,415
Prepaid expenses and other current assets
11,988	-3,621	9,435	4,359	-23,755	4,969	6,099	16,564	-1,437	12,634	-14,791	3,950	-4,098	17,748	367	-13,245	-6,652	22,688	2,783	-2,928	-1,477	16,508	1,816	966	-10,205	11,565	-6,882	821	47	916	-5,439	5,994	-1,391	11,530	-6,165	5,665	6,753	15,226	-2,516	-1,481	-8,028
Accounts payable
244,902	-36,755	-1,738	-103,539	165,087	-63,691	34,007	-82,859	155,956	-33,315	99,063	-52,705	44,003	25,712	53,620	-152,351	155,496	-99,894	74,474	-132,882	214,728	-112,219	92,872	-87,338	161,021	-87,034	42,710	-115,232	155,651	-41,667	47,302	-109,156	157,504	-73,799	-11,555	-54,645	159,020	-101,222	59,072	-105,417	133,320
Accrued employee compensation
-8,609	-9,481	22,304	-1,772	-25,342	2,373	28,915	-516	-8,399	-2,824	20,233	-6,785	-4,197	6,822	-10,119	16,750	-31,690	15,235	-1,461	19,427	-27,573	17,526	-1,628	14,462	-43,877	22,175	1,615	17,676	-39,293	19,179	-104	16,114	-35,050	11,438	17,506	2,296	-17,555	4,535	14,457	2,980	-10,121
Other accrued expenses
-12,352	31,973	234	9,303	-31,159	35,739	4,551	1,342	-5,226	22,921	636	-5,751	-28,144	17,742	12,598	5,907	-15,879	10,370	5,415	3,541	-8,074	20,744	10,363	6,274	-17,016	22,920	6,657	-5,343	-14,296	20,441	-5,191	3,511	-9,933	18,873	-630	435	-12,366	23,222	9,351	4,522	-10,404
Income taxes
18,805	11,584	-49,093	40,348	5,488	21,312	-53,537	5,158	18,712	-4,944	-58,135	45,023	22,266	18,171	-65,808	28,190	31,234	-6,531	-55,601	53,985	24,429	4,939	-50,998	53,174	14,747	18,992	-44,337	62,544	-27,617	24,623	-36,085	64,197	4,586	14,557	-36,576	46,498	-3,439	26,241	-59,347	50,882	-6,957
Other
-12,820	12,728	-5,153	-122	4,547	-6,931	-2,065	-4,417	276	-1,741	-5,813	-721	-2,258	1,339	-4,122	-3,057	-157	-2,416	-4,475	-86	-1,389	-3,398	-1,701	-913	-1,929	3,006	-1,921	-6,937	3,577	-854	-899	-1,643	-1,280	-2,839	-945	-1,561	2,681	-10,177	145	-1,231	3,991
Net cash provided by/(used in) operating activities
83,932	397,389	65,453	361,898	-13,024	340,975	79,405	295,877	-21,863	290,488	113,454	369,166	-141,658	365,076	7,437	212,554	65,644	212,758	10,039	197,102	36,313	241,614	1,060	204,580	-38,076	235,071	35,787	158,122	-95,299	222,461	3,671	172,468	-20,298	142,812	-6,029	162,162	-44,801	128,091	23,536	91,956	-20,975
Cash flows from investing activities:
Capital expenditures
29,648	73,108	60,802	54,755	28,785	84,837	76,998	71,551	45,144	98,361	55,430	61,727	34,883	58,856	66,205	64,224	36,732	73,028	66,454	48,247	48,767	35,188	43,311	40,251	41,863	61,409	58,165	49,291	49,335	41,748	45,610	33,737	31,829	58,830	33,242	45,179	28,905	29,425	30,159	23,987	12,940
Proceeds from sale of property and equipment
320	172	1,706	253	358	187	1,741	275	13	340	99	10,753	28	-4	326	20	20	213	70	36	265	22	143	84	82	146	96	50	185	58	321	0	0	31	583	82	56	21	2	2	288
Net cash used in investing activities
-29,328	-72,936	-59,096	-54,502	-28,427	-84,650	-75,257	-71,276	-45,131	-96,796	-55,331	-50,974	-34,855	-202,470	-65,879	-64,204	-36,712	-72,815	-66,384	-48,211	-48,502	-35,166	-43,168	-40,167	-41,781	-61,263	-58,069	-40,841	-49,150	-41,690	-44,889	-20,667	-31,829	-58,799	-32,659	-51,054	-28,849	-29,404	-30,157	-39,898	-12,652
Cash flows from financing activities:
Borrowings under debt facilities
809,000	55,000	380,000	182,000	385,000	225,000	295,500	298,000	375,000	170,000	432,000	103,000	475,000	250,000	100,000	120,000	475,000	155,000	345,000	70,000	110,000	95,000	150,000	30,000	80,000	10,000	40,000	10,000	125,000	0	0	0	0	-	-	-	-	-	-	111	142
Repayments under debt facilities
186,500	302,500	225,000	320,250	165,500	391,500	263,250	461,250	96,250	253,750	375,750	260,500	137,500	270,000	2,500	172,500	375,000	195,000	155,000	130,000	50,000	245,000	0	110,000	0	50,000	0	115,000	20,000	0	0	0	0	-	-	-	-	-	-	111	142
Debt issuance costs
-	-	-	-	-	0	0	0	-346	0	-286	-313	0	0	0	0	-1,380	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt Related Commitment Fees and Debt Issuance Costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit of stock options exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,094	4,719	8,181	11,517	3,162	2,481	1,690	11,891	6,822	12,811	11,993	6,098	3,241	6,563	9,934	5,533	3,005	4,067	4,830	2,822	4,396	299	2,298
Principal payments under finance lease liabilities
1,000	967	936	908	897	521	916	909	900	892	885	337	332	327	310	267	246	189	119	109	90	57	30	17	10	11	10	9	8	10	8	9	10	7	9	27	47	88	87	102	115
Repurchase of shares to satisfy tax obligations
5,407	10	651	113	3,026	778	53	0	569	29	118	0	653	0	0	0	843	-1	1,903	17	1,078	0	3,555	0	1,211	-8,084	0	7,884	-3,942	-240	0	0	-6,581	-134	0	-109	-872	-126	0	-1,314	657
Repurchase of common stock
263,219	43,342	155,742	178,916	155,319	60,571	36,660	95,082	157,463	42,756	78,500	133,600	114,547	116,016	108,787	7,803	99,102	48,749	119,416	76,640	47,900	54,115	97,385	62,542	84,455	38,815	21,297	19,441	49,863	107,959	61,304	98,393	4,143	7,904	49,220	69,727	53,146	15,280	9,196	9,893	3,803
Net proceeds from issuance of common stock
10,603	10,438	16,112	54,699	34,732	24,937	40,361	9,982	4,363	6,711	1,784	3,242	4,593	3,589	6,478	20,902	10,041	5,335	5,888	9,518	20,948	11,622	3,461	6,028	6,972	8,294	5,216	11,218	13,590	3,867	4,564	6,872	11,274	7,424	4,527	8,404	11,105	5,506	6,435	5,750	6,187
Cash dividends paid to stockholders
40,849	41,453	41,518	42,105	37,623	37,928	37,782	37,786	33,591	33,858	34,115	34,592	31,263	31,443	32,044	32,071	26,714	26,886	27,164	27,223	21,828	21,791	22,000	22,187	18,083	18,212	18,159	18,184	13,929	14,082	14,190	14,429	8,617	8,550	8,542	8,647	5,111	5,102	5,086	5,093	5,074
Net cash provided by financing activities
322,628	-322,852	-27,735	-305,593	57,367	-241,328	-2,800	-287,045	90,244	-154,590	-55,870	-323,100	195,298	-164,197	-37,163	-71,739	-18,244	-127,482	51,380	-149,707	18,188	-202,824	33,653	-156,237	-15,097	-77,053	12,572	-118,605	62,841	-112,326	-67,697	-99,396	1,857	-3,638	-50,239	-66,039	-43,241	-12,268	-3,538	-9,039	-1,164
Net change in cash and cash equivalents
377,232	1,601	-21,378	1,803	15,916	14,997	1,348	-62,444	23,250	39,102	2,253	-4,908	18,785	-1,591	-95,605	76,611	10,688	12,461	-4,965	-816	5,999	3,624	-8,455	8,176	-94,954	96,755	-9,710	-1,324	-81,608	68,445	-108,915	52,405	-50,270	80,375	-88,927	45,069	-116,891	86,419	-10,159	43,019	-34,791
Supplemental disclosures of cash flow information:
Cash paid during the period for:
Interest
5,781	3,957	5,183	3,869	6,137	2,624	9,108	3,803	2,534	2,471	2,792	3,093	2,125	2,679	1,292	1,362	791	589	1,000	230	464	360	186	188	172	374	130	128	148	76	1,057	58	28	49	351	181	33	177	33	59	36
Income taxes
1,358	31,684	85,497	25,116	2,080	9,877	78,092	58,160	789	53,054	98,275	55,013	12,739	47,441	111,612	64,563	8,642	51,483	118,118	48,388	8,979	51,564	110,767	39,312	11,994	39,484	89,516	17,353	41,650	32,729	72,961	8,204	14,412	21,688	67,346	6,343	8,253	6,440	68,121	1,496	6,764
Supplemental disclosures of non-cash activities:
Property and equipment acquired through capital lease
-	-	-	-	-	-	-	-	-	-	661	10,734	0	0	5,275	0	5,218	6,773	2,312	0	4,122	2,054	0	1,988	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash accruals for construction in progress
7,046	-3,057	-4,379	8,820	6,540	-12,520	-706	3,957	12,270	-7,302	572	3,333	12,044	-5,424	-14,348	16,423	15,652	-7,681	1,289	1,261	21,181	7,189	-91	-610	8,355	-3,540	-8,839	3,122	17,515	1,986	7,730	-1,073	2,254	9,790	-5,339	-6,846	7,422	0	0	0	0
Increase of operating lease assets and liabilities from new or modified leases
108,872	124,264	107,925	68,525	64,519	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase of finance lease assets and liabilities from new or modified leases
1,904	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease assets and liabilities recognized upon adoption of ASC 842
0	-4,880	0	0	2,084,880	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-