DOMTAR CORP UFS Cash Flow

Domtar corp (UFS)

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
Operating activities
Net earnings
5,000	-34,000	20,000	18,000	80,000	87,000	99,000	43,000	54,000	-386,000	70,000	38,000	20,000	47,000	59,000	18,000	4,000	57,000	11,000	38,000	36,000	71,000	281,000	40,000	39,000	65,000	27,000	-46,000	45,000	19,000	66,000	59,000	28,000	61,000	117,000	54,000	133,000	325,000	191,000	31,000	58,000
Adjustments to reconcile net earnings to cash flows from operating activities
Depreciation and amortization
72,000	74,000	72,000	74,000	73,000	75,000	75,000	79,000	79,000	82,000	80,000	79,000	80,000	85,000	87,000	87,000	89,000	89,000	89,000	91,000	90,000	93,000	96,000	96,000	99,000	95,000	93,000	93,000	95,000	96,000	96,000	96,000	97,000	95,000	93,000	95,000	93,000	95,000	97,000	101,000	102,000
Deferred income taxes and tax uncertainties
1,000	-17,000	2,000	2,000	-3,000	10,000	8,000	-2,000	-3,000	-188,000	-7,000	-8,000	-4,000	3,000	11,000	-2,000	-3,000	-6,000	-18,000	-17,000	-15,000	-	-	-	-	-	-	-	1,000	-14,000	5,000	5,000	3,000	-16,000	26,000	1,000	29,000	-181,000	4,000	-12,000	15,000
Impairment of long-lived assets
-	0	33,000	15,000	10,000	-	-	-	-	-	-	-	-	0	5,000	3,000	21,000	20,000	20,000	18,000	19,000	-	-	-	-	7,000	0	5,000	10,000	12,000	0	0	2,000	12,000	8,000	62,000	3,000	0	14,000	14,000	22,000
Net gains on disposals of property, plant and equipment
-	-	-	-	-	0	0	3,000	1,000	-	-	-	-	-	-	-	-	0	0	14,000	1,000	-	-	-	-	5,000	-19,000	0	10,000	-	-	-	-	1,000	4,000	-6,000	7,000	0	14,000	-48,000	1,000
Stock-based compensation expense
1,000	2,000	2,000	3,000	2,000	1,000	2,000	2,000	3,000	0	3,000	2,000	1,000	2,000	2,000	2,000	1,000	0	2,000	1,000	2,000	1,000	0	2,000	1,000	1,000	1,000	2,000	1,000	2,000	1,000	1,000	1,000	0	1,000	1,000	1,000	2,000	1,000	1,000	1,000
Equity loss, net of taxes
-1,000	-1,000	0	0	-1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-1,000	-1,000	-1,000	-2,000	-2,000	-	-	-	0	-	-	-	-
Other
-	-	-	-	-	-	-	0	1,000	-	-	-	-	-	-	-	-	-	-	-	1,000	-2,000	5,000	-3,000	-3,000	-2,000	2,000	1,000	1,000	2,000	7,000	1,000	3,000	-	-	0	-1,000	8,000	0	-5,000	-1,000
Changes in assets and liabilities
Receivables
28,000	-46,000	-10,000	-70,000	30,000	-25,000	34,000	-29,000	2,000	44,000	39,000	-58,000	47,000	1,000	6,000	-31,000	6,000	-	-	-	44,000	-18,000	3,000	-15,000	-9,000	24,000	16,000	-23,000	53,000	-100,000	27,000	-62,000	36,000	-44,000	-5,000	-50,000	111,000	-61,000	-13,000	57,000	90,000
Inventories
-28,000	-18,000	-20,000	5,000	49,000	1,000	13,000	-3,000	13,000	-31,000	20,000	29,000	-39,000	-8,000	12,000	-19,000	1,000	14,000	47,000	11,000	12,000	7,000	4,000	4,000	14,000	-11,000	9,000	9,000	1,000	15,000	-17,000	-2,000	-1,000	18,000	14,000	-33,000	-1,000	1,000	39,000	-69,000	-10,000
Prepaid expenses
5,000	-	-	-	-	-6,000	-7,000	9,000	2,000	-7,000	-2,000	5,000	-1,000	-10,000	-8,000	12,000	1,000	-8,000	-7,000	12,000	-2,000	-5,000	-5,000	12,000	-3,000	-6,000	-2,000	5,000	2,000	-	-	-	-	-6,000	-9,000	12,000	1,000	-8,000	-10,000	7,000	5,000
Trade and other payables
-16,000	44,000	-35,000	-7,000	-69,000	30,000	-7,000	38,000	-37,000	24,000	46,000	-16,000	-19,000	2,000	-45,000	-10,000	2,000	-	26,000	-8,000	-10,000	-11,000	21,000	-20,000	-23,000	-26,000	-4,000	27,000	-8,000	-38,000	40,000	-33,000	-87,000	-31,000	35,000	-2,000	-29,000	-7,000	-9,000	30,000	-25,000
Income and other taxes
39,000	-16,000	-13,000	-40,000	26,000	-16,000	-25,000	-7,000	16,000	-18,000	9,000	0	21,000	0	-2,000	-7,000	-9,000	8,000	-16,000	-9,000	55,000	-10,000	-1,000	3,000	20,000	-15,000	-2,000	9,000	-18,000	-	-	-	6,000	6,000	5,000	-1,000	23,000	-31,000	-17,000	369,000	23,000
Difference between employer pension and other post-retirement contributions and pension and other post-retirement expense
1,000	-32,000	4,000	0	-1,000	-	-	-	-	-	-	-	-	5,000	13,000	2,000	1,000	3,000	1,000	-1,000	-2,000	-	-	4,000	2,000	-8,000	3,000	-21,000	-5,000	20,000	-2,000	-1,000	-4,000	11,000	19,000	-10,000	-2,000	125,000	-2,000	7,000	-10,000
Other assets and other liabilities
9,000	-4,000	6,000	0	-13,000	7,000	-1,000	-5,000	3,000	-46,000	-4,000	-2,000	1,000	-3,000	0	5,000	-1,000	3,000	-1,000	1,000	-4,000	-	-	9,000	-6,000	-	-	-	2,000	-3,000	-1,000	1,000	-12,000	-18,000	8,000	-9,000	-10,000	-9,000	-14,000	5,000	-4,000
Cash flows from operating activities
88,000	160,000	108,000	119,000	55,000	217,000	70,000	177,000	90,000	125,000	112,000	121,000	91,000	155,000	95,000	118,000	97,000	137,000	67,000	122,000	127,000	186,000	203,000	104,000	141,000	124,000	104,000	120,000	63,000	140,000	206,000	175,000	30,000	172,000	257,000	306,000	148,000	166,000	267,000	610,000	123,000
Investing activities
Additions to property, plant and equipment
62,000	98,000	56,000	55,000	46,000	84,000	49,000	37,000	25,000	71,000	40,000	37,000	34,000	45,000	83,000	119,000	100,000	87,000	66,000	66,000	70,000	79,000	56,000	56,000	45,000	62,000	62,000	62,000	56,000	65,000	66,000	76,000	29,000	80,000	31,000	20,000	13,000	41,000	38,000	43,000	31,000
Proceeds from disposals of property, plant and equipment
-	-	-	-	-	1,000	0	3,000	1,000	-	-	-	-	-	-	-	-	1,000	28,000	6,000	1,000	-	-	-	-	6,000	45,000	1,000	9,000	-	-	-	-	10,000	6,000	19,000	9,000	0	12,000	7,000	7,000
Proceeds from sale of businesses and investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	6,000	4,000	-	-	-	-
Acquisition of business, net of cash acquired (NOTE 3)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	546,000	-	-	-	-	0	0	61,000	232,000	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	0	0	2,000	4,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in joint venture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,000	-	1,000	2,000	2,000	-	-	-	-	-	-	-	-
Cash flows used for investing activities
-62,000	-98,000	-56,000	-54,000	-46,000	-83,000	-49,000	-36,000	-28,000	-68,000	-32,000	-37,000	-34,000	-89,000	-82,000	-120,000	-100,000	-86,000	-38,000	-51,000	-69,000	-89,000	-51,000	-55,000	-591,000	-56,000	-293,000	-72,000	-48,000	-17,000	-67,000	-139,000	-263,000	-87,000	-313,000	5,000	0	-17,000	38,000	61,000	-24,000
Financing activities
Dividend payments
26,000	27,000	28,000	28,000	27,000	27,000	28,000	27,000	26,000	26,000	26,000	26,000	26,000	26,000	26,000	25,000	25,000	25,000	25,000	26,000	24,000	24,000	24,000	18,000	18,000	17,000	19,000	15,000	16,000	16,000	16,000	13,000	13,000	13,000	15,000	10,000	11,000	-	-	-	-
Stock repurchase
59,000	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	10,000	0	20,000	17,000	13,000	-	-	-	-	0	36,000	100,000	47,000	41,000	43,000	69,000	4,000	79,000	181,000	165,000	69,000	-	-	-	-
Net change in bank indebtedness
-10,000	7,000	-1,000	0	3,000	-	-	-	-	0	0	-1,000	-11,000	11,000	0	-6,000	7,000	-20,000	0	5,000	4,000	-	-	-	-8,000	16,000	4,000	-12,000	-5,000	3,000	-7,000	9,000	6,000	-9,000	-9,000	-1,000	3,000	-3,000	-3,000	10,000	-23,000
Change in revolving credit facility
140,000	-	-	-	-	-	-	-	-	0	-20,000	-10,000	-20,000	-	-	-	-	-	-	-	-	0	-20,000	-60,000	-80,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from receivables securitization facility
25,000	55,000	70,000	60,000	20,000	-	-	-	-	-	-	-	-	0	20,000	100,000	20,000	-	-	-	-	0	0	0	90,000	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	20,000
Repayments of receivables securitization facility
-	90,000	0	90,000	20,000	35,000	0	0	25,000	55,000	20,000	0	15,000	30,000	20,000	0	20,000	-	-	-	-	21,000	24,000	26,000	58,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	249,000	0	299,000	-	-	-	-	-	-	-	-
Repayments of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	0	39,000	0	1,000	0	437,000	1,000	1,000	-	-	-	-	3,000	2,000	2,000	95,000	2,000	2,000	1,000	187,000	1,000	16,000	0	1,000	135,000	233,000	427,000	103,000
Other
-3,000	0	0	0	-1,000	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,000	1,000	0	3,000	1,000	-	1,000	0	1,000	-	-3,000	-1,000	3,000	0	1,000	5,000	4,000	0	0	0	-3,000
Cash flows provided from (used for) financing activities
67,000	-100,000	-45,000	-67,000	-25,000	-277,000	-29,000	-25,000	-51,000	-62,000	-64,000	-76,000	-72,000	-105,000	43,000	18,000	-29,000	-52,000	-107,000	-49,000	-41,000	-56,000	-101,000	-96,000	-73,000	397,000	-52,000	-129,000	-162,000	-55,000	178,000	-75,000	104,000	-102,000	-224,000	-174,000	-74,000	-156,000	-281,000	-472,000	-109,000
Net increase (decrease) in cash and cash equivalents
93,000	-38,000	7,000	-2,000	-16,000	-143,000	-8,000	116,000	11,000	-5,000	16,000	8,000	-15,000	-39,000	56,000	16,000	-32,000	-1,000	-78,000	22,000	17,000	41,000	51,000	-47,000	-523,000	465,000	-241,000	-81,000	-147,000	68,000	317,000	-39,000	-129,000	-17,000	-280,000	137,000	74,000	-7,000	24,000	199,000	-10,000
Impact of foreign exchange on cash
-2,000	-	-	-	-1,000	-2,000	0	-4,000	2,000	1,000	3,000	5,000	1,000	-4,000	1,000	-2,000	3,000	-1,000	-1,000	2,000	-8,000	-	-	-	-2,000	-1,000	0	0	-1,000	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental cash flow information
Interest
17,000	7,000	16,000	7,000	16,000	9,000	20,000	9,000	19,000	9,000	18,000	12,000	19,000	14,000	18,000	12,000	20,000	12,000	73,000	21,000	27,000	22,000	26,000	22,000	22,000	21,000	33,000	15,000	12,000	24,000	10,000	17,000	65,000	23,000	14,000	23,000	14,000	30,000	36,000	20,000	21,000
Income taxes
-25,000	4,000	5,000	44,000	6,000	31,000	15,000	21,000	4,000	15,000	3,000	23,000	-8,000	3,000	10,000	21,000	6,000	18,000	14,000	25,000	-23,000	-14,000	13,000	20,000	-1,000	13,000	1,000	-10,000	1,000	16,000	11,000	40,000	9,000	18,000	17,000	23,000	2,000	4,000	21,000	4,000	-1,000