The toro company (TTC)
CashFlow / TTM
Jan'20Oct'19Aug'19May'19Feb'19Oct'18Aug'18May'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Jan'11Oct'10Jul'10Apr'10Jan'10
Cash flows from operating activities:
Net Income (Loss) Available to Common Stockholders, Basic

284,534

273,983

274,754

293,156

308,875

271,939

266,750

256,145

245,331

267,717

264,099

251,517

236,723

230,994

224,318

221,820

209,902

201,591

188,939

185,628

178,951

173,870

167,918

158,002

149,318

154,845

150,146

150,598

141,014

129,541

134,325

128,867

120,299

117,658

115,867

114,190

99,601

93,237

0

0

0

Adjustments to reconcile net earnings to net cash (used in) provided by operating activities:
Non-cash income from finance affiliate

11,270

11,948

11,714

11,598

11,380

11,143

10,958

10,644

10,209

9,960

9,852

9,723

9,653

9,588

9,432

9,195

8,771

8,353

7,887

7,594

7,456

7,262

7,037

6,942

7,010

7,097

7,133

6,726

6,347

5,996

5,770

6,245

5,806

5,682

5,272

4,358

3,620

2,599

0

0

0

Distributions from (contributions to) finance affiliate, net

-11,244

-10,343

0

0

0

-

-

-

-

-

-

-

-

-9,848

-5,930

-5,911

-5,414

-4,264

-5,276

-6,028

-6,691

-5,672

-5,689

-6,143

-7,422

-6,342

-6,291

-3,981

-2,594

-5,091

-3,852

-4,038

-1,189

-3,034

0

0

0

-

-

-

-

Depreciation of property, plant and equipment

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of other intangible assets

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value step-up adjustment to acquired inventory

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contributions to finance affiliate, net

-

-

-

-

-

-

-

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for depreciation and amortization

-

-

-

-

-

-

0

0

63,696

-

65,478

67,119

64,872

64,097

63,531

64,056

64,035

63,143

60,978

57,162

54,702

53,138

53,034

53,833

53,902

54,134

54,909

54,860

54,191

53,634

52,184

51,290

50,175

48,506

46,808

45,637

45,054

45,011

0

0

0

Stock-based compensation expense

13,465

13,429

13,831

13,621

12,961

12,161

12,414

12,453

13,023

13,517

12,605

12,069

11,778

10,637

10,744

10,943

10,629

10,836

10,628

11,330

11,434

11,291

10,788

9,952

10,299

10,237

9,965

9,808

9,385

9,503

9,904

9,589

9,039

8,533

7,166

7,566

6,954

6,442

0

0

0

Deferred income taxes

4,824

6,190

-5,323

-3,941

-4,348

-25,255

-15,615

-14,098

-12,402

6,887

-7,698

-9,958

-10,468

-10,075

-2,552

-1,560

-352

-200

6,753

5,943

8,083

4,700

77

-4

-3,045

-149

-420

-471

-615

206

1,519

1,520

1,421

2,006

-2,470

-2,559

-1,538

-2,940

0

0

0

Other

-6,532

-6,357

-5,030

-589

-533

-507

-48

-162

-274

-202

-71

0

98

464

525

545

571

128

41

-12

-2

-28

16

102

-26

-10

-13

-70

122

132

-418

228

122

118

631

47

147

85

0

0

0

Changes in operating assets and liabilities, net of effect of acquisitions:
Receivables, net

32,755

11,042

29,815

36,238

28,707

10,365

-2,238

-2,847

11,310

17,701

15,451

-1,362

-9,019

-15,785

-25,570

-17,833

-12,129

25,647

20,184

42,171

11,314

5,042

14,924

7,801

23,813

11,912

5,617

34,814

4,824

495

1,213

-2,310

2,536

2,908

19,497

6,563

-289

80

0

0

0

Inventories, net

141,009

104,832

50,757

-28,122

-24,867

29,770

15,096

48,086

32,068

15,611

14,305

-30,510

-25,550

-23,192

-18,674

33,975

65,291

52,656

51,369

31,210

50,641

37,183

32,295

-6,383

-26,342

-9,373

27,593

59,785

55,767

21,973

-1,880

-14,553

30,472

25,667

43,497

74,573

42,016

9,920

0

0

0

Prepaid expenses and other assets

-1,865

-9,747

-5,055

2,808

1,037

11,744

1,864

2,117

1,740

3,424

6,422

10,523

522

905

-2,848

-4,470

517

607

9,975

12,698

3,285

3,245

4,119

-946

11,287

6,825

2,166

5,161

4,866

6,741

4,264

8,198

5,907

7,144

7,197

2,427

-3,193

-3,056

0

0

0

Accounts payable, accrued liabilities, deferred revenue and other liabilities

25,549

30,458

30,131

16,544

1,580

47,460

5,558

38,223

66,254

59,859

38,550

44,140

37,161

30,614

43,019

21,552

51,353

56,949

21,830

45,148

7,258

1,470

54,677

48,902

31,922

18,962

5,587

23,630

45,369

28,663

21,501

-4,977

-4,432

-17,295

12,653

49,670

61,283

55,505

0

0

0

Net cash (used in) provided by operating activities

288,087

337,371

364,549

390,361

382,695

364,805

343,481

331,459

353,549

360,748

356,936

403,569

395,048

384,285

385,563

302,783

277,514

249,592

186,166

199,664

171,568

182,365

227,949

263,177

232,744

221,876

178,531

132,951

178,648

185,798

207,446

185,441

128,817

113,877

107,950

130,652

172,791

193,507

0

0

0

Cash flows from investing activities:
Purchases of property, plant and equipment

90,522

92,881

94,987

88,180

93,520

90,124

73,642

71,368

57,440

58,276

52,694

50,374

51,663

50,723

53,431

51,735

56,955

56,374

55,454

65,717

63,152

71,138

68,265

62,601

64,279

49,427

49,474

40,845

32,678

43,242

42,336

53,427

61,634

57,447

59,279

53,974

48,091

48,699

0

0

0

Proceeds from asset disposals

4,691

4,669

0

0

0

-

-

-

-

-

-

-

-

310

334

325

216

179

395

421

474

479

230

455

428

413

721

468

478

491

658

654

617

653

371

458

536

574

0

0

0

Proceeds from sale of a business

-

-

-

-

-

-

-

-

-

-

-

-

-

1,500

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in unconsolidated entities

50

200

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

(Increase) decrease in other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Acquisitions, net of cash acquired

684,973

697,471

691,822

692,077

43,700

31,202

31,202

31,202

299

24,181

24,181

24,181

23,882

0

0

0

547

198,329

198,329

198,329

197,782

715

0

0

0

-

-

-

-

9,663

10,758

12,758

3,645

15,155

20,145

18,145

19,905

9,657

0

0

0

Net cash used in investing activities

-757,913

-772,942

-782,505

-786,568

-143,966

-127,925

-112,636

-104,204

-59,040

-83,758

-80,317

-71,583

-76,060

-48,913

-49,931

-48,263

-54,636

-254,524

-248,112

-257,597

-253,769

-65,702

-65,162

-58,819

-59,245

-44,773

-42,462

-36,396

-38,719

-47,323

-48,944

-61,853

-63,833

-69,275

-76,228

-70,027

-66,041

-60,806

0

0

0

Cash flows from financing activities:
Borrowings under debt arrangements

982,025

900,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments under debt arrangements

579,025

511,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,957

1,858

2,615

2,365

2,366

1,857

3,090

3,588

3,866

3,646

0

0

0

Short-term debt repayments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

46,064

19,498

300

-849

-849

-415

-415

-415

-26,337

-922

-922

-922

25,000

-776

0

0

0

-

-

-

-

Payments on long-term debt

-

-

-

-

-

-

0

0

-24,451

-

-22,552

-23,249

-23,438

-24,107

-24,109

-23,739

-20,468

-7,227

125,708

129,222

129,397

129,557

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from stock-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,129

7,257

6,470

8,857

9,474

8,214

8,219

6,134

6,133

6,715

7,388

9,017

8,624

7,528

6,550

2,988

2,747

3,222

2,827

3,396

0

0

0

Proceeds from exercise of stock options

28,477

29,336

32,560

35,873

20,376

17,243

10,683

7,830

11,582

10,274

10,291

13,764

20,859

20,226

20,279

18,719

9,319

9,203

8,994

7,599

6,495

7,192

8,475

7,996

9,282

9,808

11,156

13,652

18,741

20,347

19,495

16,487

14,557

14,467

15,671

16,453

16,812

16,680

0

0

0

Payments of withholding taxes for stock awards

2,151

2,662

2,843

2,777

2,890

4,095

1,431

1,783

1,655

1,294

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of Toro common stock

0

20,043

28,997

63,988

130,412

160,435

218,523

193,605

144,418

159,354

133,109

151,207

147,503

109,986

84,160

97,659

118,771

105,964

93,525

70,668

75,704

103,039

124,091

130,782

108,415

99,587

102,044

87,827

121,715

93,395

126,093

139,310

104,984

129,955

71,724

128,383

161,931

135,777

0

0

0

Dividends paid on Toro common stock

99,066

96,133

93,232

90,282

87,529

85,031

82,640

80,501

78,189

75,758

73,328

70,821

68,388

65,890

63,243

60,579

58,031

55,549

52,971

50,353

47,681

45,048

41,917

38,805

35,682

32,499

30,935

29,366

27,821

26,230

25,824

25,516

25,188

24,970

24,618

24,198

23,981

23,721

0

0

0

Net cash used in financing activities

330,260

299,498

316,488

378,304

-202,195

-252,075

-311,646

-292,336

-237,131

-245,268

-224,458

-235,417

-276,149

-182,931

-166,202

-190,476

-187,302

-181,820

-750

42,121

65,041

17,017

-147,711

-154,358

-127,576

-118,298

-117,840

-98,977

-151,701

-93,041

-127,335

-144,098

-86,431

-140,103

-81,014

-136,494

-170,139

-142,292

0

0

0

Effect of exchange rates on cash and cash equivalents

-1,485

-1,223

-6,086

-8,119

-6,299

-5,937

-3,354

5,990

3,459

4,979

5,622

-6,017

-2,086

-5,161

-2,522

1,300

-350

-1,846

-4,863

-4,802

-3,951

-1,800

1,638

-432

-2,598

-1,668

-107

191

668

-464

-6,222

-3,780

-1,167

-979

4,026

2,346

-403

-816

0

0

0

Net decrease in cash and cash equivalents

-141,051

-137,296

-107,554

-26,022

30,235

-21,132

-84,155

-59,091

60,837

36,701

57,783

90,552

40,753

147,280

166,908

65,344

35,226

-188,598

-67,559

-20,614

-21,111

131,880

16,714

49,568

43,325

57,137

18,122

-2,231

-11,104

44,970

24,945

-24,290

-22,614

-96,480

-45,266

-73,523

-63,792

-10,407

0

0

0

Supplemental disclosures of cash flow information:
Cash paid during the fiscal year for:
Payment obligations issued in connection with acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

31,161

0

0

0

-

-

-

-

-

-

-

-

100

100

600

600

3,515

0

0

0

-

-

-

-