Unifirst corp (UNF)
CashFlow / Quarterly
Feb'20Nov'19Aug'19May'19Feb'19Nov'18Aug'18May'18Feb'18Nov'17Aug'17May'17Feb'17Nov'16Aug'16May'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11May'11Feb'11Nov'10Aug'10May'10Feb'10Nov'09
Cash flows from operating activities:
Net income

34,680

48,242

45,988

47,220

47,606

38,320

34,952

36,359

58,378

34,206

-4,896

24,362

22,516

28,214

35,494

30,144

23,498

35,890

28,941

32,499

25,446

37,413

28,872

30,944

25,647

34,462

30,561

28,722

26,642

30,760

22,532

27,459

19,196

25,802

18,014

18,431

16,277

23,764

17,292

19,314

16,226

23,576

Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization

25,971

25,459

27,770

25,401

25,046

25,116

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation

-

-

-

-

-

-

-

-

-

19,540

-

18,917

18,551

18,500

19,427

18,259

17,654

17,643

18,894

16,775

16,630

15,865

16,359

15,967

15,615

14,850

16,092

14,718

14,695

14,305

14,233

14,094

13,823

13,727

14,017

13,597

13,449

13,125

13,118

13,370

12,780

12,839

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

3,167

-

3,245

2,589

3,640

2,229

2,150

2,155

2,095

2,368

2,247

2,162

2,172

2,156

2,142

2,215

2,448

2,450

2,397

2,484

2,466

2,591

2,624

2,666

2,681

2,774

2,768

2,626

2,377

2,456

2,444

2,253

2,217

Amortization of deferred financing costs

28

28

28

28

28

28

28

28

28

28

28

28

28

28

28

52

52

52

53

52

52

52

53

52

52

52

60

59

60

59

60

59

60

59

59

69

66

67

67

67

66

67

Gain on sale of assets

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Share-based compensation

1,652

1,575

1,480

1,485

1,614

1,182

1,099

1,122

1,303

1,114

781

7,311

2,355

2,015

2,003

1,088

1,277

1,260

953

1,044

1,754

1,615

1,060

1,153

1,905

1,483

1,264

1,354

1,992

1,705

1,512

1,501

2,033

1,668

1,552

1,688

1,808

1,684

1,592

1,222

489

359

Accretion on environmental contingencies

135

134

189

189

188

189

173

173

173

173

150

150

150

150

167

168

167

167

151

150

151

151

179

179

179

179

135

136

135

136

157

158

158

158

170

170

171

170

199

198

199

198

Accretion on asset retirement obligations

231

232

218

206

221

220

231

234

230

240

217

213

218

205

227

201

199

199

187

187

122

194

185

394

181

181

179

166

165

166

159

157

158

158

147

147

148

147

142

142

142

142

Deferred income taxes

482

245

8,163

369

861

-497

12,508

244

-22,644

2,031

2,800

-499

-600

-746

3,865

56

5,952

26

-10,141

-372

7,019

21

8,573

56

5

-195

20,587

2

95

-18

-692

0

311

51

7,720

-22

187

5,433

1,019

26

-305

-35

Other

-11

-5

-670

142

792

19

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Receivables, less reserves

-7,904

12,771

72

615

-9,663

12,165

4,905

584

-5,948

12,879

1,114

8,231

-225

13,112

-1,749

-830

-10,848

17,376

-5,969

-1,585

-4,991

16,039

-32

2,028

-3,406

12,951

-5,192

905

-7,263

18,457

-5,269

1,287

-4,402

16,100

447

2,896

264

17,274

1,408

-826

4,851

-11,741

Inventories

-4,930

-1,195

5,915

-768

4,528

1,061

2,098

3,657

2,414

2,882

6,862

506

-1,707

-7,526

2,596

670

-1,281

-3,452

-3,478

-864

7,223

-645

9,000

623

3,317

-8,490

1,924

-1,962

-887

-221

-910

-1,028

3,680

-2,332

9,578

8,233

5,843

4,759

-9,502

2,129

-1,468

4,510

Rental merchandise in service

-5,469

-1,370

2,718

2,744

349

4,513

9,708

11,795

-13

82

2,823

3,005

-292

-152

-2,374

1,906

-4,757

1,280

-3,483

-699

-2,462

1,744

5,120

3,922

-1,449

6,409

-2,747

4,129

-6,359

-2,102

-2,458

4,229

17,751

-7,505

62,022

-15,488

-5,032

-5,133

-3,446

-7,159

688

-1,534

Prepaid expenses and other current assets and Other assets

-4,244

2,074

5,665

-1,270

-3,268

6,884

-2,857

1,433

2,166

4,901

-1,578

-3,854

1,817

-9,288

37,087

505

-1,435

2,286

-3,807

625

340

6,847

-4,731

604

-637

2,141

-3,126

1,422

-465

2,867

-3,228

1,701

32

3,137

-2,169

1,124

-1,151

2,443

1,270

-921

1,640

-2,088

Accounts payable

-784

-5,031

9,090

-457

-4,004

-1,264

4,834

5,134

-4,303

-1,092

7,250

-1,351

4,808

-1,113

1,676

-1,548

-7,992

7,913

-5,542

-722

-1,943

559

25,091

-15,785

-5,150

9,490

-2,958

6,515

-14,419

11,183

-6,805

4,328

-5,228

3,529

5,532

6,402

-4,815

2,677

3,600

2,908

-6,989

5,229

Accrued liabilities

926

-2,678

8,904

-2,220

11,940

-19,651

16,701

-4,507

7,495

-7,456

10,135

889

9,541

-8,837

25,596

4,784

6,541

-4,967

7,549

-1,322

14,401

-2,796

2,016

-1,374

8,331

-2,083

3,006

1,841

4,041

2,373

1,294

520

1,268

623

-1,744

600

1,721

2,077

7,518

-2,137

2,097

1,779

Prepaid and accrued income taxes

-1,444

-3,497

-5,428

22

12,987

13,256

-19,774

2,351

6,115

16,420

-24,024

-4,259

-8,796

17,589

-8,596

2,496

-19,984

14,853

8,353

-1,684

-11,495

21,587

-12,843

-3,381

-10,692

20,786

-8,446

-4,434

-14,513

12,033

5,694

1,660

-2,602

6,608

571

7,223

-16,195

5,254

-2,532

3,858

-15,042

11,992

Net cash provided by operating activities

84,435

52,434

82,702

70,780

96,403

32,257

62,781

48,380

71,285

47,627

62,457

41,068

51,250

63,499

46,556

55,599

47,840

57,641

68,503

51,377

54,189

52,848

62,344

23,170

40,463

68,642

72,071

46,982

36,351

56,167

52,600

46,371

29,792

30,654

30,240

23,332

5,455

27,166

34,201

34,635

17,627

47,510

Acquisition of businesses, net of cash acquired

1,735

39,286

-

-

-

-

4,143

16,793

19,058

2,671

971

3,072

1,023

120,391

5,722

10,788

0

73

2,544

4,729

4,240

10,846

2,794

160

186

495

28,761

403

1,550

0

-

-

-

-

15,239

991

14,106

2,220

3,107

4,645

950

12,206

Capital expenditures, including capitalization of software costs

33,296

28,975

31,617

36,046

28,867

23,285

23,877

32,217

37,620

19,033

28,092

37,451

24,778

18,233

26,170

28,037

22,979

21,049

18,891

36,730

28,089

17,453

17,342

30,379

21,291

22,796

22,439

30,331

25,653

25,103

15,224

25,050

20,309

13,966

14,431

18,225

18,941

12,250

12,726

9,449

12,044

15,796

Proceeds from sale of assets

175

61

167

60

88

90

64

549

1,164

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

18

-33

-113

176

518

-318

-559

584

158

-281

-213

175

112

-223

-413

958

302

-100

-

-

-

-

-

-

-

-

-

-28

346

118

-147

579

-811

776

463

225

1,075

31

Net cash used in investing activities

-34,856

-68,200

-33,990

-38,313

-28,864

-23,162

-27,843

-48,637

-56,032

-21,386

-28,504

-41,057

-25,133

-138,343

-31,679

-39,000

-23,091

-20,899

-21,022

-42,417

-32,631

-28,199

-19,347

-30,460

-21,373

-22,994

-50,961

-30,847

-26,957

-25,421

-15,296

-25,022

-20,655

-14,084

-29,523

-19,795

-32,236

-15,246

-16,296

-14,319

-14,069

-28,033

Proceeds from loans payable and long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,465

464

2,929

2,008

2,281

2,180

1,992

2,935

3,510

3,477

4,384

2,662

2,301

1,500

31,910

7,000

30,000

0

0

0

-

-

-

-

Payments on loans payable and long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-25

280

282

764

3,475

2,693

3,379

3,508

3,864

1,763

3,667

103,953

3,081

3,437

2,298

708

6

1,520

38,954

15,371

90,060

302

606

496

53

54

8,903

103

Proceeds from exercise of share-based awards

1

74

-

-

-

-

1

30

163

267

113

706

1,354

929

3,919

368

643

383

-256

3,080

3,225

1,750

269

3,625

1,151

854

2,738

610

1,383

757

410

86

1,666

248

196

155

856

153

37

144

755

241

Taxes withheld and paid related to net share settlement of equity awards

1,711

1,570

1,089

583

955

140

535

551

1,572

522

218

622

980

566

1,540

4,425

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of Common Stock

4,230

9,973

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of cash dividends

4,553

2,056

2,056

2,064

2,070

2,070

2,046

725

721

726

725

725

724

724

723

719

719

717

718

718

718

715

715

717

714

714

713

714

711

713

711

711

709

709

708

708

707

707

706

690

692

689

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

79

104

297

239

-113

246

-318

-

-

-

0

-

-

-

-

-

-

-

-

Net cash used in financing activities

-10,493

-13,525

-12,704

-17,299

-9,278

-2,210

-2,580

-147,257

-2,130

-981

-830

-641

-350

-361

1,681

-5,869

-358

-1,098

-2,984

-4,869

2,057

-465

-2,029

-202

-1,238

-100,878

2,454

-3,396

2,758

1,998

1,994

-645

-6,087

-8,832

-60,572

-1,830

-457

-1,050

-722

-600

10

-551

Effect of exchange rate changes

-351

538

-77

-1,080

525

-861

-337

-1,686

532

-976

3,945

-221

1,649

-2,471

-346

1,861

-931

-665

-3,616

120

-5,128

-2,979

-220

1,271

-2,435

-424

-1,676

-427

-1,537

-203

2,004

-1,229

2,173

-2,427

-341

-186

1,460

1,137

-388

498

973

631

Net (decrease) increase in cash, cash equivalents and short-term investments

38,735

-28,753

35,931

14,088

58,786

6,024

32,021

-149,200

13,655

24,284

37,068

-851

27,416

-77,676

16,212

12,591

23,460

34,979

40,881

4,211

18,487

21,205

40,748

-6,221

15,417

-55,654

21,888

12,312

10,615

32,541

41,302

19,475

5,223

5,311

-60,196

1,521

-25,778

12,007

16,795

20,214

4,541

19,557

Supplemental disclosure of cash flow information:
Non-cash capital expenditures

568

8,436

8,130

-2,027

-4,753

14,894

-2,030

6,993

-907

10,994

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-