Veritiv corporation (VRTV)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Operating activities
Net income (loss)

-29,500

-15,700

-13,300

21,000

26,700

-19,600

200

4,400

(Loss) from discontinued operations, net of income taxes

-

-

-

-

-

-100

200

-10,000

Income (loss) from continuing operations

-

-

-

-

-

-19,500

0

14,400

Depreciation and amortization

53,500

53,500

54,200

54,700

56,900

37,600

17,400

15,200

Amortization of deferred financing fees

2,600

2,600

2,600

5,600

4,400

2,200

0

0

Net losses (gains) on dispositions of property and equipment

-600

18,500

25,700

800

-500

2,300

6,400

2,300

Goodwill and long-lived asset impairment charges

0

400

8,400

7,700

5,900

0

0

-

Provision for allowance for doubtful accounts

14,900

27,100

15,900

2,200

7,400

12,800

6,400

7,500

Deferred income tax provision (benefit)

-2,700

2,000

1,900

11,100

14,900

-9,700

3,300

1,400

Stock-based compensation

14,600

18,100

15,700

8,300

3,800

4,300

15,400

13,100

Other non-cash items, net

-11,900

8,300

8,800

-3,700

-2,000

-1,600

0

0

Changes in operating assets and liabilities
Accounts receivable and related party receivable

-252,300

43,900

101,900

14,700

-53,400

17,700

1,300

-27,800

Inventories

-139,700

-26,400

-30,100

-13,100

62,000

-28,200

-12,300

-12,300

Other current assets

-37,100

23,200

8,400

11,400

-1,000

21,800

-3,100

-7,800

Accounts payable and related party payable

-199,700

-15,900

48,300

69,900

-8,400

-44,500

7,200

-37,400

Accrued payroll and benefits

-2,900

-16,600

-11,300

-40,900

10,500

19,900

-500

-1,600

Other accrued liabilities

-22,400

17,200

13,600

-3,600

-7,100

15,400

4,100

1,000

Other

-11,000

-9,800

-15,300

-14,300

-3,100

400

8,000

600

Net cash provided by operating activities  continuing operations

-

-

-

-

-

6,100

53,000

58,600

Net cash used for operating activities  discontinued operations

-

-

-

-

-

-1,100

-800

-2,600

Net cash provided by (used for) operating activities

281,000

15,000

36,600

140,200

113,000

5,000

52,200

56,000

Investing activities
Net cash acquired in Merger

-

-

-

-

-

31,800

0

0

Property and equipment additions

34,100

45,400

32,500

41,000

44,400

17,200

9,800

13,300

Proceeds from asset sales

500

23,700

51,100

6,600

300

4,800

22,700

5,100

Cash paid for purchase of business, net of cash acquired

0

0

144,800

0

0

-500

-300

-500

Net cash provided by (used for) investing activities  continuing operations

-

-

-

-

-

-

-

-7,700

Net cash provided by investing activities  discontinued operations

-

-

-

-

-

-

-

200

Net cash provided by (used for) investing activities

-33,600

-21,700

-126,200

-34,400

-44,100

19,900

13,200

-7,500

Financing activities
Net cash transfers to Parent

-

-

-

-

-

60,300

70,800

48,900

Change in book overdrafts

26,200

-16,200

-40,500

18,900

-5,800

1,600

-5,800

1,700

Transfer to Parent in connection with Spin-off

-

-

-

-

-

432,800

0

0

Repayment of Unisource Senior Credit Facility

-

-

-

-

-

303,900

0

0

Borrowings of long-term debt

6,746,500

5,805,300

4,898,800

4,555,800

4,661,900

3,142,200

0

0

Repayments of long-term debt

7,007,000

5,767,300

4,731,500

4,625,900

4,708,900

2,294,400

0

0

Payments under right-of-use finance leases

9,100

-

-

-

-

-

-

-

Payments under right-of-use finance leases and capital leases, respectively

-

6,700

2,700

3,200

3,800

1,300

0

0

Payments under financing obligations (including obligations to related party of $0.0, $8.6 and $15.0, respectively)

0

9,300

16,400

19,900

13,800

6,800

0

0

Payments under Tax Receivable Agreement

7,800

9,900

8,500

0

0

-

-

-

Deferred financing fees

-

-

-

2,000

0

22,400

0

0

Purchase of treasury stock

-

-

-

13,600

0

0

-

-

Payments under other contingent consideration

20,000

2,500

0

0

-

-

-

-

Other

2,700

2,100

0

0

-

-

-

-

Net cash (used for) provided by financing activities  continuing operations

-

-

-

-

-

21,900

-76,600

-47,200

Net cash provided by financing activities  discontinued operations

-

-

-

-

-

1,100

0

900

Net cash provided by (used for) financing activities

-273,900

-8,700

99,200

-89,900

-70,400

23,000

-76,600

-46,300

Effect of exchange rate changes on cash

200

-600

1,100

-

-

-

-

-

Net change in cash

-26,300

-16,000

10,700

-

-

-

-

-

Effect of exchange rate changes on cash

-

-

-

-700

-1,700

4,000

1,500

-1,500

Net change in cash

-

-

-

15,200

-3,200

51,900

-9,700

700

Supplemental cash flow information
Cash paid for income taxes, net of refunds

4,800

2,400

3,700

11,600

1,900

2,000

700

1,100

Cash paid for interest

34,700

38,900

27,600

-

-

-

-

-

Cash paid for interest

-

-

-

20,600

21,700

11,500

0

0

Non-cash investing and financing activities
Common stock issued in connection with Spin-off

-

-

-

-

-

277,900

0

0

Common stock issued in connection with Merger

-

-

-

-

-

284,700

0

0

Contingent liability associated with the Tax Receivable Agreement

-

-

-

-

-

58,800

0

0

Non-cash transfers to Parent

-

-

-

-

-

-26,000

20,300

0

Non-cash additions to property and equipment for right-of-use finance leases

22,300

31,500

17,800

20,800

4,000

0

0

-

Non-cash additions to other non-current assets for right-of-use operating leases

129,300

0

0

-

-

-

-

-

Contingent consideration for purchase of business: Earn-out

0

0

22,200

0

0

-

-

-