Trinseo s.a. (TSE)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Cash flows from operating activities
Net income (loss)

92,000

292,500

328,300

318,300

133,600

-67,332

-22,218

30,282

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

136,000

130,200

110,600

96,400

96,800

103,706

95,196

85,604

Amortization of deferred financing fees, issuance discount, and excluded component of hedging instruments

-500

600

5,100

5,800

7,700

9,937

9,547

8,537

Deferred income tax

-37,400

5,300

14,800

16,100

-100

4,833

4,215

4,734

Share-based compensation expense

13,500

15,800

13,800

17,100

9,000

10,501

9,950

7,328

Earnings of unconsolidated affiliates, net of dividends

9,000

26,600

-5,300

13,400

15,200

12,750

16,638

6,169

Unrealized net gain on foreign exchange forward contracts

-3,000

900

-2,600

-3,200

9,000

-4,554

-

-

Contingent gain on sale of business

-

-

-

-

-

623

-

-

Loss on extinguishment of long-term debt

-

-200

-65,300

-

-95,200

-7,390

-20,744

-

Gain on sale of businesses and other assets

700

1,000

10,500

-14,900

-

116

-4,186

-263

Impairment charges

200

1,900

4,300

15,100

-

-

13,851

245

Gain on bargain purchase

4,700

-

-

-

-

-

-

-

Pension curtailment and settlement (gain) loss

-800

-600

21,600

-

-

-

-

-

Changes in assets and liabilities
Accounts receivable

-66,600

-21,200

51,800

96,400

-65,100

-68,483

5,643

-84,678

Inventories

-70,700

16,000

80,200

51,000

-97,200

-22,605

-55,369

87,241

Accounts payable and other current liabilities

-1,700

-43,800

9,300

57,100

-71,900

-5,697

15,001

67,887

Income taxes payable

-10,900

-19,700

9,900

3,800

12,000

259

-1,241

-5,142

Other assets, net

200

4,400

4,500

-5,400

-3,200

2,527

-2,384

12,672

Other liabilities, net

4,800

10,600

-9,400

11,300

-1,700

-22,027

26,632

7,781

Cash provided by operating activities

322,500

366,500

391,300

403,700

421,900

117,221

211,335

186,115

Cash flows from investing activities
Capital expenditures

110,100

121,400

147,400

123,900

109,300

98,606

73,544

118,504

Net cash received for asset and business acquisitions, net of cash acquired

-100

-

82,300

-

-

-

-

-

Proceeds from capital expenditures subsidy

-

1,000

-

-

2,200

-

18,769

6,079

Proceeds from the sale of businesses and other assets

700

1,700

46,200

2,000

800

6,257

15,221

253

Distributions from unconsolidated affiliates

-

-

900

4,800

-

978

1,055

-

Payment for working capital adjustment from sale of business

-

-

-

-

-

700

-

-

Other investing cash outflows

-

-

-

200

400

-

2,711

-2,602

Cash provided by (used in) investing activities

-109,300

-118,700

-182,600

-117,300

-106,700

-92,604

-33,358

-117,295

Cash flows from financing activities
Increase in restricted cash

-

-

-

-

-

533

-7,852

7,725

Proceeds from initial public offering, net of offering costs

-

-

-

-

-

198,087

-

-

Deferred financing fees

-

600

21,500

-

28,200

-

48,255

8,080

Short term borrowings, net

-10,600

-300

-300

-300

-18,400

-56,901

-42,877

-37,887

Purchase of treasury shares

119,700

142,900

88,900

215,100

-

-

-

-

Dividends paid

65,700

66,000

58,000

27,300

-

-

-

-

Proceeds from exercise of option awards

900

2,800

9,300

200

-

-

-

-

Withholding taxes paid on restricted share units

4,600

8,200

300

100

-

-

-

-

Proceeds from issuance of 2019 Senior Notes

-

-

-

-

-

-

1,325,000

-

Capital contribution

-

-

-

-

-

-

-

162,155

Repayments of 2021 Term Loan B

-

-

-

-

-

-

1,239,000

147,000

Repayments of 2022 Senior Notes

-

-

-

-

-

132,500

-

-

Prepayment penalty on long-term debt

-

-

53,000

-

68,600

3,975

-

-

Proceeds from Revolving Facility

-

-

-

-

-

-

405,000

1,105,000

Repayments of Revolving Facility

-

-

-

-

-

-

525,000

1,135,000

Proceeds from Accounts Receivable Securitization Facility

-

-

-

-

25,000

308,638

376,630

113,828

Repayments of Accounts Receivable Securitization Facility

-

-

-

-

25,000

309,205

471,696

130,233

Cash used in financing activities

-206,700

-222,200

-253,000

-247,600

-94,800

8,119

-220,198

-77,217

Effect of exchange rates on cash

-1,400

-6,100

12,000

-5,000

-9,900

-8,453

2,367

-559

Net change in cash, cash equivalents and restricted cash

5,100

19,500

-32,300

33,800

210,500

24,283

-39,854

-8,956

Supplemental disclosure of cash flow information
Cash paid for income taxes, net of refunds

66,300

85,200

75,000

66,600

58,200

5,097

24,779

20,444

Cash paid for interest, net of amounts capitalized

39,700

50,700

63,300

69,400

121,200

119,820

83,509

98,046

Accrual for property, plant and equipment

17,200

10,200

15,600

35,600

14,200

18,245

11,156

13,155

2020 Senior Credit Facility
Loss on extinguishment of long-term debt

-

-

-800

-

-

-

-

-

2024 Term Loan B
Loss on extinguishment of long-term debt

-

-200

-

-

-

-

-

-

Net proceeds from issuance of Term Loan B

-

696,500

700,000

-

-

-

-

-

Repayments of Term Loans

7,000

703,500

1,800

-

-

-

-

-

2022 Senior Notes
Loss on extinguishment of long-term debt

-

-

-64,500

-

-

-

-

-

Repayments of Senior Notes

-

-

746,000

-

-

-

-

-

2021 Term Loan B
Repayments of Term Loans

-

-

492,500

5,000

-

-

-

-

2025 Senior Notes
Net proceeds from issuance of Senior Notes

-

-

500,000

-

-

-

-

-