VALHI INC /DE/ VHI Cash Flow

Valhi inc /de/ (VHI)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Cash flows from operating activities:
Net income
78,200	301,000	302,600	-3,000	-171,100	79,500	-126,900	222,100	295,000	63,800	-38,100
Depreciation and amortization
56,800	58,400	59,000	67,500	69,900	78,400	74,500	69,400	63,800	62,100	67,400
Net (gain) loss from:
Sale of business
3,000	58,400	-	-	-	-	-	-	-	-	-
Land sales
4,400	12,500	-	-	-	-	-	-	-	-	-
Securities transactions, net
300	12,400	100	500	-	300	200	21,800	-600	300	500
Bargain purchase and re-measurement of our existing investment in acquiree
-	-	-	-	-	-	54,600	-	-	-	-
Gain on sale of business
-	-	-	-	-	-	-	-	-	-	6,300
Litigation settlement
-	-	-	-	-	-	-	14,700	-	6,300	11,100
Sale of discontinued operations
-	-	-	-	-	-	-	23,700	-	-	-
Disposal of property and equipment, net
-300	-300	-500	-300	-800	-900	-500	1,500	-900	-1,800	-1,200
Call premium paid
-	-	-	-	-	-	-	6,200	2,500	-	-
Assets held for sale write-down
-	-	-	-	-	-	-	1,200	1,100	500	700
Goodwill impairment
-	-	-	-	-	-	-	6,400	-	-	-
Noncash interest expense
2,400	2,000	2,500	2,600	2,500	2,300	1,500	2,600	5,500	2,400	2,000
Benefit plan expense greater than cash funding
8,900	5,700	10,500	4,600	2,900	-3,100	7,000	-4,700	-	-	-
Deferred income taxes
7,400	-73,500	-293,200	-39,100	85,700	10,000	-114,800	51,500	95,300	-11,100	-21,900
Accrued litigation settlement and contract termination
-	-	-	-	-	-	-	-	-	33,300	-
Litigation settlement payments
-	-	-	-	-	-	-	-	-	19,000	-
Loss on prepayment of debt
-	-	-7,100	-	-	-	-8,900	-7,200	-3,100	-	-
Payment for termination of interest rate swap contract
-	-	3,300	-	-	-	-	-	-	-	-
Long-lived asset impairment
-	-	170,600	-	-	-	-	-	-	-	-
Defined benefit pension expense
-	-	-	-	-	-	-	-	400	-1,300	300
Other postretirement benefit expense
-	-	-	-	-	-	-	-	-1,800	300	400
Equity in joint venture earnings
-	-	-	-	-	-	-	-200	-500	-400	-1,100
Contributions to TiO2 manufacturing joint venture, net
-9,300	4,000	-6,000	3,600	6,500	10,600	10,900	-20,700	3,800	-	7,700
Contract related intangible asset impairment
-	-	-	5,100	-	-	-	-	-	-	-
Other, net
-7,700	-13,900	-	-1,900	-7,800	-8,000	-6,000	3,100	-1,300	-2,200	-3,500
Change in assets and liabilities:
Accounts and other receivables, net
-8,600	11,100	47,500	47,400	-22,200	27,200	-22,900	6,700	47,900	53,400	-6,000
Inventories, net
8,500	137,300	5,500	-39,600	8,400	55,100	-220,000	184,600	184,300	-4,600	-105,200
Land held for development, net
-1,100	-7,800	-6,600	-18,300	-7,100	6,800	-	-	-	-	-
Accounts payable and accrued liabilities
-14,600	65,700	12,900	-300	-14,300	-26,400	73,400	-44,200	96,100	-15,100	4,300
Accounts with affiliates
1,200	-19,500	-35,200	-13,800	-17,100	13,200	18,700	-65,400	36,600	-21,400	18,100
Income taxes
-1,400	-18,200	19,500	3,700	-900	5,400	-9,600	-20,000	19,800	9,500	-3,000
Other noncurrent assets
6,100	-2,600	900	-100	2,500	-2,800	2,100	11,700	3,300	-200	-300
Other noncurrent liabilities
54,200	13,000	3,700	-3,800	2,700	4,800	200	11,800	-13,200	7,400	-9,500
Other, net
-400	5,000	14,900	-12,800	5,900	3,300	-18,200	2,300	5,200	-10,100	15,600
Net cash used in operating activities
177,200	165,500	259,300	79,800	22,100	67,300	117,100	71,900	292,400	122,200	76,000
Cash flows from investing activities:
Capital expenditures
59,900	61,400	71,300	58,900	54,600	72,700	74,600	98,800	146,200	44,700	57,500
Proceeds from sale of business
2,900	-	-	-	-	-	-	-	-	-	-
Cash, cash equivalents and restricted cash and cash equivalents of business at time of sale
500	28,900	-	-	-	-	-	-	-	-	-
Capitalized permit costs
-	-	2,200	1,500	1,300	300	1,500	4,100	8,900	5,800	9,400
Acquisition of a businesses
-	-	-	-	-	-	5,300	-	4,800	-	-
Cash of discontinued operations
-	-	-	-	-	-	-	-5,400	-	-	-
Cash of businesses acquired
-	-	-	-	-	-	27,400	-	-	-	-
Purchases of marketable securities
4,900	4,400	9,700	11,400	13,600	16,300	7,900	11,700	-	-	5,400
Proceeds from land sales
4,600	19,500	-	-	-	-	-	-	-	-	-
Proceeds from:
Titanium Metals Corporation ("TIMET") common stock
-	-	-	-	-	-	-	-	-	43,500	-
Disposals of marketable securities
-	-	-	-	15,000	15,100	11,100	-	-	-	-
Proceeds from disposal of marketable securities
4,300	18,200	9,000	10,700	-	-	-	-	-	-	9,500
Disposal of restricted marketable securities
-	-	-	-	-	-	-	-	-	5,200	-
Sale of business
-	-	-	-	-	-	-	58,000	300	500	6,700
Real estate-related litigation settlement
-	-	-	-	-	-	-	15,600	0	-	-11,800
Collection of real-estate related note receivable
-	-	-	-	-	-	3,000	-	15,000	-	-
Disposal of assets held for sale
-	-	-	-	-	-	1,600	3,600	0	-	-
Loan
-	-	-	-	-	-	-	52,800	11,200	-	-
Collection
-	-	-	-	-	-	-	64,000	0	-	-
Change in restricted cash equivalents, net
-	-	-	-	-	-	9,900	15,700	3,000	400	-500
Other, net
-2,800	-	200	500	-400	-500	100	-7,100	8,000	500	700
Net cash used in investing activities
-50,700	-57,000	-74,400	-61,600	-54,100	-73,700	-56,200	100,900	-220,900	-93,100	-44,500
Cash flows from financing activities:
Indebtedness:
Borrowings
14,900	-	748,100	312,200	84,900	515,600	493,800	732,800	121,300	497,500	447,600
Principal payments on indebtedness
11,200	12,600	600,200	309,000	53,400	343,100	693,300	546,000	328,800	537,300	401,100
Deferred financing costs paid
-	-	9,000	-	-	6,100	-	7,200	100	800	800
Lease deposit held for loan repayment
-	-	-	-	-	-	-	-	-	6,200	-
Valhi cash dividends paid
27,100	27,100	27,200	27,100	27,100	37,300	67,900	65,000	53,700	45,500	45,400
Distributions to noncontrolling interest in subsidiaries
37,600	20,100	18,100	21,600	15,000	18,900	18,200	18,600	29,300	7,800	4,900
Net increase (decrease)
-	-	-	-	-	103,800	-225,300	268,800	-	-	-
Subsidiary treasury stock acquired
3,100	-	-	-	-	-	-	-	9,500	2,000	-
Purchase of noncontrolling interest in subsidiary
-	-	-	-	-	-	-	-	-	7,000	-
Issuance of subsidiary common stock
-	-	-	-	-	-	-	-	-	337,600	-
Issuance of Valhi common stock and other, net
-	-	-	-	-	-	-	-	300	100	-
Other
-	-	-	-	-	-	100	-	-	-	-
Net cash used in financing activities
-64,100	-59,800	93,600	-45,500	-10,600	110,200	-286,200	96,000	-299,800	228,600	-4,700
Purchase of Kronos common stock
-	-	-	-	-	-	700	-	-	-	100
Cash, cash equivalents and restricted cash and cash equivalents - net change from:
Operating, investing and financing activities
62,400	48,700	278,500	-27,300	-42,600	-	-225,300	268,800	-228,300	257,700	26,800
Effect of exchange rates on cash
-2,300	-14,400	14,400	-5,300	-8,500	-10,100	1,200	1,700	-400	-1,300	4,900
Net change for the year
60,100	34,300	292,900	-32,600	-51,100	93,700	-224,100	270,500	-228,700	256,400	31,700
Supplemental disclosures:
Cash paid (received) for:
Cash paid for:
Interest, net of capitalized interest
37,900	53,900	59,300	60,600	56,600	53,900	55,000	65,500	67,000	64,500	64,800
Income taxes, net
33,400	68,500	62,300	20,300	10,200	33,400	15,600	71,000	73,800	-6,200	6,400
Noncash investing activities:
Accruals for capital lease additions
-	-	-	-	-	8,900	-	-	-	-	-
Change in accruals for capital expenditures
9,100	5,400	9,400	8,000	6,700	6,500	4,600	16,100	23,500	11,600	11,800
Sale of investment in Amalgamated Sugar Company LLC
-	250,000	-	-	-	-	-	-	-	-	-
Receivable from sale of business
300	-	-	-	-	-	-	-	-	-	-
Accrual for capitalized permit costs
-	-	-	-	-	-	-	-	-	1,100	1,200
Noncash financing activities:
Trade payable to affiliate converted to indebtedness
-	36,300	-	-	-	-	-	-	-	-	-
Deemed repayment of Snake River Sugar Company indebtedness
-	250,000	-	-	-	-	-	-	-	-	-
Borrowings paid directly to lender to settle refinanced indebtedness
-	-	9,300	-	-	-	-	-	-	-	-
Principal payments paid directly by lender
-	-	8,400	-	-	-	-	-	-	-	-
Borrowings paid directly to lender for debt issuance costs
-	-	900	-	-	-	-	-	-	-	-
Note receivable from sale of business
-	-	-	-	-	-	-	-	-	-	800
Transfer of Medite pension plan to Contran
-	-	-	-	-	-	-	-	-	-	4,300