V f corp (VFC)
CashFlow / TTM
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Jan'16Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09
OPERATING ACTIVITIES
Net income

1,292,029

1,290,535

1,148,655

1,259,792

1,383,781

830,003

709,022

658,553

614,923

969,525

1,081,874

1,023,000

1,074,106

1,121,982

1,083,357

1,203,153

1,231,593

1,041,485

1,052,150

1,039,021

1,047,505

1,293,071

1,256,303

1,236,895

1,210,119

1,176,620

1,124,177

1,141,328

1,086,138

1,009,964

930,058

904,200

890,393

687,708

629,550

611,473

573,512

583,188

557,995

521,483

458,458

0

0

0

Income (loss) from discontinued operations, net of tax

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income from continuing operations, net of tax

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments to reconcile net income to cash provided by operating activities:
Impairment of goodwill and intangible assets

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

313,297

492,875

407,287

301,005

263,581

283,704

283,023

295,597

290,503

283,676

276,013

279,985

281,577

279,262

280,282

274,225

272,075

272,668

272,947

276,746

274,883

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

157,330

152,053

150,395

148,969

146,433

140,616

132,171

127,203

120,617

121,443

119,537

116,837

116,209

113,424

118,568

113,207

0

0

0

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

46,249

46,700

47,273

47,929

48,746

46,683

44,113

41,708

38,844

38,760

39,171

39,373

40,168

41,002

41,376

40,500

0

0

0

Other amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

48,703

45,147

45,333

41,058

38,295

34,452

30,413

29,824

22,599

21,016

18,560

17,186

16,540

17,075

17,129

16,745

0

0

0

Stock-based compensation

132,884

129,907

113,666

105,157

93,017

96,041

97,580

92,040

81,641

70,538

60,663

61,652

67,762

55,217

64,667

68,625

73,420

100,009

101,046

103,303

104,313

94,300

92,819

90,865

87,118

89,923

94,177

93,101

92,814

95,641

90,278

85,959

76,739

70,194

65,162

62,466

63,538

56,631

47,552

39,144

36,038

0

0

0

Provision for doubtful accounts

20,732

22,073

22,266

22,553

14,073

19,149

19,796

21,141

21,171

12,486

13,193

14,158

17,283

20,323

18,207

15,476

12,006

483

-1,915

-3,265

-2,198

6,204

10,637

13,652

15,756

18,490

21,169

20,581

19,264

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Pension expense in excess of contributions

4,646

-9,570

-7,224

-1,850

4,345

10,429

15,985

18,654

25,022

72,740

82,031

87,055

89,005

45,496

40,604

40,722

-208,709

-259,994

-256,889

-255,487

-9,864

47,358

55,565

64,675

-28,102

-123,541

-124,489

-124,881

-20,198

71,867

62,614

53,358

46,346

-53,334

-48,011

-45,357

-45,850

-39,092

-131,366

-122,163

-114,149

0

0

0

Deferred income taxes

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of businesses, net of tax

-

-

-

-

-

-

-

-45,491

-29,841

-4,936

-8,987

-106,772

-104,357

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

119,275

152,978

25,133

31,612

43,541

82,575

113,622

108,302

81,844

22,511

-34,562

-26,867

15,232

12,922

31,455

51,168

34,784

81,525

22,985

28,798

-4,112

-34,807

37,958

12,402

-14,306

-24,621

-14,000

4,875

40,931

-116,292

-41,331

-52,437

-32,665

-387

-41,350

-53,974

-29,179

-32,877

15,154

-1,638

-6,923

0

0

0

Changes in operating assets and liabilities:
Accounts receivable

139,288

111,065

181,437

373,012

380,297

248,903

138,977

-15,832

107,083

77,286

34,561

80,280

-47,102

-28,111

34,092

32,209

124,248

185,292

138,816

89,720

-854

166,740

114,435

104,427

155,053

64,782

48,813

47,018

111,571

83,477

-13,747

126,350

154,487

254,459

113,387

89,352

12,954

493,766

-54,641

102,323

-75,449

0

0

0

Inventories

198,750

225,423

224,049

135,099

225,503

132,961

70,473

-20,425

-17,005

-15,486

29,577

62,209

37,210

30,544

101,873

144,317

175,098

263,360

199,195

178,316

130,540

102,693

88,916

102,695

47,240

-5,985

-45,606

-80,531

-87,620

-3,060

-55,644

-38,828

7,509

193,071

152,443

219,712

114,334

42,099

12,452

-240,588

-209,439

0

0

0

Other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

86,412

48,744

25,832

18,449

-43,004

13,631

2,590

7,689

-68,954

-87,044

-113,011

-77,173

0

0

0

Accounts payable

-64,160

-36,382

39,308

111,678

-133,247

69,318

71,592

41,174

21,494

-4,029

12,771

46,381

-9,553

-2,042

13,283

-22,976

14,225

-76,786

-8,867

14,012

69,807

24,887

-22,664

32,041

75,073

122,053

49,477

-12,484

-74,294

-113,318

-86,050

-127,680

-32,898

10,407

2,740

120,712

140,470

120,047

50,857

-34,221

-69,560

0

0

0

Income taxes

-20,131

24,127

61,451

-19,974

-109,169

381,058

448,597

429,172

460,350

-65,437

-93,756

-168,043

-129,574

-158,507

-71,139

-7,258

4,206

155,145

107,032

87,166

20,293

-35,770

-52,588

-15,577

16,628

-17,695

5,688

180

26,213

-27,662

-11,684

8,600

16,009

13,817

-29,346

-26,211

-14,649

9,275

-7,482

44,834

14,763

0

0

0

Accrued liabilities

-42,514

25,397

143,986

484,858

272,028

66,796

36,923

-117,747

31,928

99,096

41,825

94,397

28,904

-33,295

-32,856

-31,051

-14,505

17,792

69,335

43,676

41,989

49,868

16,660

-21,655

84,472

55,656

15,593

27,319

-35,912

-7,994

-47,689

-50,215

-10,834

-26,527

-32,584

1,499

50,889

87,878

68,993

35,724

-25,182

0

0

0

Operating lease right-of-use assets and liabilities

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-18,962

-12,945

-26,692

2,448

4,399

-8,280

-4,948

27,817

-4,167

-18,261

-34,280

-11,714

0

0

0

Other assets and liabilities

-20,625

14,259

23,079

24,634

78,054

46,063

72,806

75,385

34,942

31,836

2,610

21,780

45,978

37,064

7,269

4,878

-2,785

-76,086

2,380

-20,830

-22,614

85,466

35,091

57,237

7,939

-64,806

-63,796

-84,114

-73,183

-45,192

-34,375

-8,197

-40,590

-31,423

-35,353

-77,520

-20,846

65,693

76,403

80,081

42,222

0

0

0

Cash provided by operating activities - continuing operations

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash provided by operating activities - discontinued operations

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash provided by operating activities

1,069,186

1,195,794

1,320,899

1,664,223

1,193,440

1,327,705

1,513,127

1,441,599

1,474,660

1,440,054

1,459,434

1,415,974

1,480,568

0

0

0

-

-

-

-

-

-

-

-

-

-

-

0

-

1,212,809

1,196,821

1,002,099

1,081,371

523,825

650,461

784,263

1,001,282

1,158,235

1,197,314

1,193,002

973,485

0

0

0

INVESTING ACTIVITIES
Business acquisitions, net of cash received

0

0

-990

320,405

320,405

1,060,946

1,061,936

740,541

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

38,290

43,566

43,566

34,231

212,339

0

0

0

Proceeds from sale of businesses, net of cash sold

13

142,013

142,013

430,286

430,273

289,747

295,026

214,968

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures

256,674

229,648

234,420

250,634

234,615

229,116

208,200

183,071

169,553

170,286

171,409

180,360

175,840

197,167

211,639

257,809

254,501

249,752

263,737

217,796

234,077

239,290

211,543

218,235

271,153

265,132

288,414

329,027

251,940

262,998

225,852

162,427

170,894

136,221

130,353

127,908

111,640

101,705

94,625

86,215

85,859

0

0

0

Trademarks acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

0

-

-

-

-

Software purchases

51,007

49,073

49,205

56,207

61,822

63,725

72,249

63,809

65,177

65,834

60,596

58,548

44,226

42,073

37,194

32,910

63,283

54,181

55,351

59,997

67,943

78,881

81,316

88,096

53,989

60,304

51,813

28,067

30,890

17,775

19,673

26,216

20,102

22,621

18,894

20,165

13,610

6,211

5,963

8,596

9,735

0

0

0

Other, net

-44,502

-45,394

-33,433

23,672

-1,484

-2,304

-14,246

-8,549

15,948

13,892

14,182

14,568

8,331

13,185

16,966

16,242

5,038

7,473

4,903

11,448

27,235

31,847

32,525

28,076

25,131

14,697

16,391

16,796

8,230

3,989

-1,121

-2,448

3,840

13,378

14,090

14,401

16,940

19,960

16,898

12,022

8,943

0

0

0

Cash used by investing activities - continuing operations

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash used by investing activities - discontinued operations

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash used by investing activities

-246,042

-79,717

-92,033

-220,632

-204,536

-1,075,660

-1,050,596

-763,904

-776,251

-36,518

78,011

-137,493

-112,414

0

0

0

-

-

-

-

-

-

-

-

-

-

-

0

-

-219,527

-2,384,739

-2,395,892

-2,460,033

-2,435,727

-219,779

-227,153

-180,480

-171,442

-161,052

-141,064

-316,876

0

0

0

FINANCING ACTIVITIES
Net decrease in short-term borrowings

-608,189

-1,072,817

-1,235,271

-864,177

-56,639

-436,755

373,270

1,220,205

686,453

1,250,507

-480,785

-844,898

-421,069

-548,125

247,583

70,587

432,262

635,121

581,549

809,835

4,761

188,962

536,564

81,864

9,032

-270,327

-634,393

-496,851

-269,010

-417,808

644,738

644,992

250,824

1,119,858

-6,040

-3,477

-9,741

206,024

313,887

244,094

11,019

0

0

0

Payments on long-term debt

6,085

6,025

6,186

6,264

6,159

256,156

255,534

254,894

254,314

3,640

3,561

3,485

13,276

13,197

13,308

13,256

3,975

4,374

4,266

5,075

4,760

6,280

406,152

405,264

404,872

402,838

2,795

2,785

2,776

2,885

2,876

2,886

2,738

2,611

202,604

202,552

203,063

203,044

3,123

3,193

3,242

0

0

0

Payment of debt issuance costs

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from long-term debt

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of treasury stock

-

-

-

-

-

-

-

1,012,341

1,200,356

1,200,594

1,366,926

724,998

1,000,468

1,000,917

834,942

715,579

732,623

732,195

731,786

944,828

727,795

726,127

727,974

514,432

282,024

284,293

289,772

377,812

307,282

306,901

301,350

215,807

7,420

96,573

99,093

296,290

411,838

0

0

0

-

-

-

-

Cash dividends paid

764,183

776,814

788,082

767,061

746,549

726,910

709,963

693,339

684,679

676,581

664,017

653,123

635,994

619,997

603,339

584,947

565,275

545,927

522,827

500,069

478,933

456,036

438,301

420,649

402,136

382,499

366,108

349,568

333,229

316,965

307,121

297,171

285,722

274,559

270,123

266,532

264,281

262,131

263,005

262,940

261,682

0

0

0

Cash received from Kontoor Brands, net of cash transferred of $126.8 million

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of Common Stock, net of shares withheld for taxes

196,912

119,841

152,995

199,296

181,487

215,880

172,697

130,627

89,893

56,395

51,214

48,099

48,918

48,370

39,536

39,080

30,871

48,604

34,288

41,728

34,869

26,560

26,293

44,661

48,029

48,004

81,659

57,336

62,770

70,009

57,347

85,812

134,012

166,723

146,087

131,374

137,732

95,852

142,947

121,724

62,590

0

0

0

Tax benefits of stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

53,980

49,402

55,691

48,140

49,704

59,903

49,380

47,213

50,571

43,678

46,824

33,153

27,356

20,559

15,314

8,599

5,096

11,243

10,571

6,464

0

0

0

Cash used by financing activities

-775,400

-981,986

-1,123,195

-1,591,005

-1,030,941

-1,454,703

-669,864

-609,742

-1,363,003

-573,913

-1,518,738

-1,233,395

-1,076,879

-1,188,856

-1,164,797

-1,205,590

-840,215

-648,032

-683,712

-630,182

-1,171,858

-918,941

-960,168

-1,158,129

-983,831

-1,242,450

-1,151,707

-1,120,501

-802,515

-1,026,216

924,552

1,051,900

912,245

1,828,739

-406,352

-628,077

-742,832

-951,923

-856,190

-608,387

-319,343

0

0

0

Effect of foreign currency rate changes on cash, cash equivalents and restricted cash

10,565

26,696

39,887

14,811

11,539

11,829

3,542

12,957

2,965

-21,577

-23,342

-23,450

-6,645

-30,705

-21,123

-15,884

-66,680

-85,472

-98,179

-94,232

-65,461

-5,013

7,116

5,750

7,005

-830

2,136

-401

4,039

146

-17,600

-5,421

15,406

17,691

46,957

25,296

-17,280

-11,155

-25,083

-1,345

12,439

0

0

0

Net change in cash, cash equivalents and restricted cash

58,309

160,787

145,558

-132,603

-30,498

-1,190,829

-203,791

80,910

-661,629

808,046

-4,635

21,636

284,630

175,021

21,203

-69,441

-26,101

70,099

183,879

333,811

195,492

180,839

155,779

21,235

178,942

11,058

-10,400

-25,212

256,233

-32,788

-280,966

-347,314

-451,011

-65,472

71,287

-45,671

60,690

23,715

154,989

442,206

349,705

0

0

0