Travelport Worldwide LTD TVPT Cash Flow

Travelport worldwide ltd (TVPT)

CashFlow / TTM

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
Operating activities
Net income
38,334	75,173	117,476	116,287	143,648	140,280	85,800	102,523	53,728	15,046	30,115	13,661	44,499	20,210	-27,449	122,601	111,192	91,300	0	0	0
Income from discontinued operations, net of tax
-	27,747	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income from continuing operations
38,334	47,426	87,722	86,533	113,894	138,273	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities:
Depreciation and amortization
204,094	198,645	198,837	198,898	202,978	207,310	208,212	211,479	210,077	209,409	217,151	219,840	225,441	234,228	236,993	238,723	237,876	232,848	0	0	0
Amortization of customer loyalty payments
76,598	82,487	81,856	81,690	78,199	74,651	73,292	74,328	73,358	71,137	71,443	65,041	65,292	67,047	70,955	75,425	76,487	76,158	0	0	0
Impairment of long-lived assets
20,982	17,505	15,990	12,721	1,569	1,763	7,251	7,750	11,376	11,152	0	0	0	-	-	-	-	-	-	-	-
Amortization of debt finance costs and debt discount
3,674	4,728	5,834	7,394	9,229	10,012	10,505	10,879	10,738	10,636	10,523	10,335	10,373	10,353	15,281	14,673	15,080	15,529	0	0	0
Gain on sale of shares of Orbitz Worldwide
-	-	-	-	-	-	-	-	-	-	-	-	-	6,271	0	0	0	-	-	-	-
Payment-in-kind interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,616	0	0	0
Share of losses in equity method investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-671	-601	1,741	2,935	-1,084	0	0	0
Accrual of repayment fee and amortization of debt discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Loss on early extinguishment of debt
-91	-27,735	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-107,590	0	0	0
Unrealized (gain) loss on foreign exchange derivative instruments
-21,124	-25,814	-18,528	-9,393	24,422	32,365	18,980	11,936	-14,808	-11,435	-5,261	-6,174	26,123	4,463	-877	-8,256	-29,028	-17,442	0	0	0
Unrealized loss (gain) on interest rate derivative instruments
-16,814	1,343	18,536	21,591	15,968	5,764	10,182	12,693	10,514	-6,168	0	0	0	-	-	-	-	-	-	-	-
Equity-based compensation
15,767	16,980	20,372	29,354	30,022	32,972	34,932	31,547	31,136	32,247	26,760	26,923	26,396	29,681	35,264	50,563	51,985	40,583	0	0	0
Deferred income taxes
3,767	-7,121	-34,177	-35,044	-37,340	-27,352	5,489	6,038	7,701	6,662	-1,523	-1,228	-732	1,879	1,765	5,428	5,218	6,494	0	0	0
Customer loyalty payments
79,847	89,167	94,765	96,298	86,619	76,008	82,621	76,025	76,010	84,562	75,566	76,423	76,619	74,712	82,624	90,156	90,345	92,945	0	0	0
Pension liability contribution
6,221	3,643	1,664	1,658	1,899	2,156	2,258	2,522	2,634	3,157	2,923	3,046	3,205	2,759	0	0	0	-	-	-	-
Changes in assets and liabilities:
Accounts receivable, net
-9,305	3,398	-4,480	7,029	6,333	-7,237	13,564	17,052	12,931	13,157	7,624	7,706	16,119	17,913	9,513	21,083	7,640	11,422	0	0	0
Other current assets
-913	7,486	18,351	24,597	16,893	12,911	1,570	-12,840	-9,598	9,578	2,924	40,397	37,387	26,656	30,874	6,972	9,161	-7,359	0	0	0
Accounts payable, accrued expenses and other current liabilities
17,738	30,350	37,190	78,947	30,746	14,445	59,260	24,654	27,288	17,071	-1,058	16,394	30,718	11,590	22,093	-76,778	-131,766	-97,870	0	0	0
Other
21,623	24,852	-2,944	-10,399	-3,236	-16,594	-235	12,439	5,101	3,493	24,845	12,276	25,922	27,993	6,427	10,562	19,457	8,954	0	0	0
Net cash provided by operating activities
364,756	364,364	328,755	341,341	305,737	317,662	359,503	374,694	367,837	299,019	322,346	272,989	277,408	262,223	223,186	108,617	46,470	58,451	0	0	0
Investing activities
Property and equipment additions
142,067	144,633	147,558	145,151	130,568	117,514	116,522	109,304	108,548	107,460	99,840	98,586	101,532	106,095	105,108	110,217	112,807	111,723	0	0	0
Proceeds from sale of shares of Orbitz Worldwide
-	-	-	-	-	-	-	-	-	-	-	-	-	6,271	0	0	0	-	-	-	-
Net cash used in investing activities
-142,067	-144,633	-147,558	-145,151	-134,001	-120,947	-119,955	-112,737	-123,557	-122,469	-120,803	-180,082	-168,019	-166,311	-167,648	199,776	241,186	225,999	0	0	0
Purchase of equity method investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,000	0	0	0
Financing activities
Proceeds from term loans
-	1,400,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of senior secured notes
-	745,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of term loans
-20,500	-2,168,750	-2,217,187	-2,379,625	-2,385,562	-237,750	-609,957	-384,082	-232,384	-217,041	169,540	119,541	-20,283	-23,750	-2,935,718	-1,472,656	-1,474,593	-1,476,531	0	0	0
Repayment of finance lease obligations
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of other indebtedness
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of capital lease obligations and other indebtedness
-	-	-	-	-	43,311	57,915	58,258	59,742	62,310	45,100	43,958	40,506	36,483	34,490	32,968	32,957	31,901	0	0	0
Proceeds from revolver borrowings
-	-	-	-	-	-	-	-	-	10,000	0	0	0	-	-	-	-	75,000	0	0	0
Repayment of revolver borrowings
-	-	-	-	-	-	-	-	-	10,000	0	0	0	-	-	-	-	-	-	-	-
Debt finance costs and lender fees
-	21,551	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment related to early extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	45,593	0	0	0
Release of cash provided as collateral
-	-	-	-	-	-	-	-	-	-	-	-	-	25,886	0	0	0	-	-	-	-
Dividend to shareholders
-	38,093	39,027	38,969	38,910	38,789	37,608	37,525	37,259	37,233	37,198	37,091	37,255	37,081	0	0	0	-	-	-	-
Proceeds from share issuance under employee share purchase plan and stock options
7,270	8,895	9,521	8,041	4,533	3,077	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-
Treasury share purchase related to vesting of equity awards
3,350	3,412	11,388	11,426	11,335	11,228	3,108	3,030	1,504	1,651	0	0	0	-	-	-	-	-	-	-	-
Proceeds from settlement of derivative instruments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net cash used in financing activities
-97,045	-123,911	-181,004	-228,668	-233,204	-215,750	-173,887	-172,702	-183,959	-190,747	-163,211	-91,993	-88,255	-78,037	-77,121	-271,024	-357,204	-297,383	0	0	0
Effect of changes in exchange rates on cash, cash equivalents and restricted cash
0	-	-	0	0	-	-	321	-907	-706	-1,258	-1,013	-539	-2,020	0	0	0	-	-	-	-
Net increase in cash, cash equivalents and restricted cash
123,970	94,341	-840	-33,003	-60,242	-17,899	66,246	89,576	59,414	-14,903	37,074	-99	20,595	15,855	-23,397	34,313	-72,325	-14,737	0	0	0
Supplemental disclosure of cash flow information
Interest payments, net of capitalized interest
97,549	91,812	104,591	94,531	111,870	110,466	108,764	106,051	129,104	136,458	147,342	159,644	145,101	145,522	140,336	216,900	275,069	294,168	0	0	0
Income tax payments, net of refunds
43,948	47,732	56,279	54,560	50,883	42,886	29,247	26,660	20,132	20,776	21,697	19,974	21,959	24,673	25,249	26,476	26,467	26,204	0	0	0
Right-to-use assets obtained in exchange for finance lease liabilities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash capital lease asset additions
-	-	-	-	-	38,000	36,143	38,918	29,585	34,713	20,719	72,603	92,494	89,785	89,174	36,705	16,624	17,554	0	0	0
Non-cash purchase of property and equipment
-	4,220	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash exchange of debt for equity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	571,371	0	0	0