Viad Corp VVI Cash Flow

Viad corp (VVI)

CashFlow / Quarterly

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
Cash flows from operating activities
Net income
-6,625	34,466	13,903	-18,221	-2,698	38,548	23,380	-9,835	-21,944	45,741	27,874	6,513	-4,288	34,784	19,444	-7,145	-1,030	7,918	22,280	-2,120	-6,032	30,571	6,609	24,419	-4,912	12,748	6,060	7,790	-21,128	21,056	5,840	815	-6,449	2,283	4,288	9,621
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
14,903	16,346	14,527	13,188	12,478	16,186	15,115	13,063	12,615	15,833	14,522	12,144	11,537	12,649	10,187	8,370	8,191	9,170	9,162	8,708	8,939	7,894	7,142	6,817	6,664	7,272	7,171	6,860	6,573	8,560	8,041	6,959	7,244	7,589	7,322	6,971
Deferred income taxes
-15,659	-954	15,313	-9,098	2,168	455	7,234	-4,507	25,731	-94	38	374	11,221	-231	-1,938	-1,380	1,597	19	-192	-955	-8,440	-9,812	-588	9,109	-371	-3,702	3,096	3,275	15,516	-8,070	-1,730	5,558	-1,472	-1,260	-3,117	4,925
(Income) loss from discontinued operations
-113	-141	460	-287	1,078	-246	-279	928	140	-101	509	-816	87	-221	-364	-186	-161	-163	78	-148	1,366	-979	-1,236	15,238	-298	3,478	-329	-485	-	-	-	-	-	-	-	-
Restructuring charges
1,535	1,702	4,455	688	588	175	662	162	187	255	168	394	1,519	1,697	975	992	1,414	257	1,069	216	-177	238	1,365	211	1,661	639	773	720	1,431	608	678	2,225	2,232	75	1,206	269
Legal settlement
0	0	0	8,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment charges (recoveries)
-	-	-	-	-	-	-	-	0	-24,467	-2,247	-2,384	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gains) losses on dispositions of property and other assets
537	207	180	551	-608	22	40	73	-955	-510	-5	50	180	-311	35	150	383	85	185	37	566	1	4	387	42	27	44	152	50	27	126	3	-22	56	14	-6
Share-based compensation expense
742	1,831	2,411	2,206	-186	2,294	2,045	717	1,485	4,737	2,748	1,999	3,329	2,210	1,433	1,066	717	1,025	875	1,231	1,368	59	1,112	391	1,652	1,202	548	1,819	2,708	1,670	1,637	1,217	1,129	991	1,360	933
Excess tax benefit from share-based compensation arrangements
-	-	-	-	-	-	-	-	-	-	-	-	35	21	11	28	405	-219	-51	283	73	0	0	41	33	0	11	378	24	0	0	269	0	0	0	54
Other non-cash items, net
-1,019	-545	-1,186	-1,041	-753	-872	-878	-1,803	-1,426	-1,230	-1,086	-1,287	-1,523	-3,053	-654	-937	-967	-934	-2,529	-964	2,303	-4,418	-2,323	-948	-1,267	-864	-1,098	-1,641	-6,511	-1,080	-1,191	-1,375	-1,127	-1,121	-1,361	-1,050
Change in operating assets and liabilities (excluding the impact of acquisitions):
Receivables
-20,069	-14,265	25,748	25,545	-15,089	-16,305	24,339	13,255	-23,628	-12,903	12,650	26,219	-32,152	11,595	22,973	6,942	-11,291	-15,080	21,229	21,807	-19,492	-2,217	-4,222	36,372	-13,419	-9,678	-761	22,612	-24,484	1,075	6,954	16,313	1,938	-27,436	8,003	35,587
Inventories
717	-4,907	3,644	874	-1,219	-251	3,113	-70	-847	-2,484	2,440	770	-13,052	1,868	1,228	9,807	-11,130	8,154	-5,046	3,150	-4,497	-4,973	6,915	5,110	-9,824	6,550	-2,689	-1,700	-2,433	-10,901	10,988	2,151	-4,612	9,421	-3,213	-5,325
Current contract costs
-7,596	11,929	-2,838	4,838	-6,952	3,291	-574	9,211	-8,666	4,521	-2,138	3,739	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
-10,395	-11,182	18,435	12,868	-14,617	-7,168	14,786	5,354	-11,452	-11,158	719	29,437	-36,752	13,861	3,295	21,366	-17,518	-7,961	2,793	20,067	-9,173	2,186	-11,491	36,606	-20,140	4,377	-12,041	12,368	-21,962	9,174	173	16,925	-8,293	-1,669	-17,331	31,665
Restructuring liabilities
-	-	-	-714	-	-	-	-359	-206	-252	-359	-1,137	-1,348	-686	-518	-1,314	-684	-219	-1,066	-603	-9,544	1,267	1,141	1,860	-8,612	1,430	898	1,443	1,933	823	1,129	809	526	985	752	1,625
Accrued compensation
4,545	-1,339	11,137	-7,490	-543	-6,522	10,396	-16,149	2,303	-3,621	12,193	-16,027	267	2,845	3,682	-7,147	-1,916	4,513	3,013	-4,141	-390	2,082	-862	2,833	-2,939	2,362	-95	-11,035	-4,152	9,874	2,347	-6,438	1,027	-3,731	7,136	131
Contract liabilities
-12,381	11,918	-15,120	32,379	-24,368	7,779	-622	20,888	-21,056	3,396	-7,159	13,505	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-16,702	16,972	26,684	-23,210	14,452	-11,376	20,542	-24,673	4,797	6,016	7,454	-15,159	3,116	-508	-8,414	2,920	-17,000	20,411	-5,405	8,925	3,415	-4,929	-2,461
Income taxes payable
-	-	-	6	-	-	-	-7,475	-10,238	16,139	3,125	-3,206	-9,910	6,871	489	-2,080	-2,574	736	2,186	-281	-2,730	3,384	624	265	-1,897	1,700	456	-41	-7,718	8,078	-389	496	-4,730	-1,105	2,478	663
Other assets and liabilities, net
-10,406	-8,343	10,149	-4,188	-2,032	-4,042	20,155	-16,316	15,227	3,772	12,291	-19,301	15,359	-13,525	-6,547	6,569	3,910	-256	-4,878	235	1,287	-1,129	7,537	4,875	9,500	-8,023	11,544	-1,842	2,838	-7,815	4,163	1,397	2,791	-4,418	8,595	1,488
Net cash provided by operating activities
7,000	61,603	31,517	8,020	-11,015	70,150	34,879	-3,419	-2,420	55,444	26,961	32,238	-15,104	61,044	37,339	17,039	-16,066	38,323	19,756	18,264	-23,922	53,847	2,995	25,170	-21,278	35,068	-2,160	-5,575	380	51,821	14,200	2,785	-332	29,101	-14,377	20,344
Cash flows from investing activities
Capital expenditures
15,279	14,351	26,974	19,543	18,377	21,539	16,843	26,586	17,128	12,045	12,786	14,662	17,233	11,985	13,274	7,323	10,809	5,880	7,850	5,300	7,491	8,494	7,888	5,516	9,192	11,222	7,385	8,320	7,763	5,824	6,540	7,548	4,287	4,456	5,118	7,677
Proceeds from insurance
-	-	-	-	-	-	-	-	0	24,684	2,303	4,583	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for acquisitions, net
-	-	-	-	-	-	-	-	-160	0	0	1,661	50,254	87,969	0	57,766	0	307	402	-279	79,476	40,775	0	0	0	0	0	647	0	0	0	23,546	0	15,305	15,304	10,496
Proceeds from dispositions of property and other assets
561	254	157	611	-395	28	153	1,139	213	72	112	550	392	-234	779	229	698	93	715	36	607	85	14	403	464	-433	260	173	128	26	159	9	125	51	40	224
Proceeds from sale of landdiscontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,645	0	0	-	-	-	-	-	-	-	-
Proceeds from possessory interest and personal propertydiscontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,000	0	25,000	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-14,718	-32,171	-99,735	-18,932	-18,772	-21,511	-21,318	-25,447	-16,755	12,711	-10,371	-11,190	-67,095	-100,188	-12,495	-64,860	-10,111	-6,094	-7,537	-4,985	-86,360	-46,184	-7,874	19,887	-9,150	3,108	-7,125	-8,794	-7,251	-5,798	-5,340	-31,085	-4,162	-19,710	-20,382	-17,949
Cash flows from financing activities
Proceeds from borrowings
30,014	36,632	105,480	28,347	45,244	21,285	44,013	36,038	29,430	8,000	35,000	17,574	76,701	98,000	5,000	50,000	15,000	5,000	10,000	20,000	121,512	43,000	15,000	10,000	20,000	0	0	0	-	-	-	-	-	-	-	-
Payments on debt and finance lease obligations
16,368	51,478	33,486	14,376	14,782	61,822	36,259	15,348	6,993	65,743	32,080	30,985	21,926	34,935	37,025	15,029	3,988	20,881	14,821	23,279	5,265	30,720	5,238	20,238	10,335	337	207	483	377	864	775	669	831	913	4,917	714
Dividends paid on common stock
2,034	2,026	2,006	2,028	2,026	2,033	2,049	2,046	2,041	2,042	2,039	2,038	2,032	2,029	2,026	2,024	2,016	2,012	2,008	2,000	2,013	1,840	2,017	32,517	52,819	2,029	2,032	2,034	2,025	806	810	813	806	805	815	815
Debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-4	-12	13	339	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of payroll taxes on stock-based compensation through shares withheld or repurchased
27	25	89	2,905	30	155	156	868	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock purchased for treasury
-	-	-	-	-	-	-	-	-	68	0	1,204	43	28	0	651	40	-1,193	1,267	4,702	690	21	10,568	1,042	34	42	65	1,187	618	38	0	1,000	0	4,551	11	668
Excess tax benefit from share-based compensation arrangements
-	-	-	-	-	-	-	-	-	-	-	-	35	21	11	28	405	-219	-51	283	73	0	0	41	33	0	11	378	24	0	0	269	0	0	0	54
Proceeds from exercise of stock options
-	-	-	-	0	0	0	84	-	-	-	-	-	-	-	-	0	-1,094	1,910	225	0	0	-246	1,401	237	0	5	535	158	1	0	89	133	0	0	163
Net cash provided by (used in) financing activities
11,340	-16,897	69,991	9,038	18,470	-42,725	-3,512	17,860	19,549	-59,853	876	-16,653	52,609	61,041	-34,053	31,985	9,361	-18,909	-6,237	-9,473	111,946	10,419	-3,069	-42,355	-42,918	-2,408	-2,288	-2,791	-2,838	-1,707	-1,585	-2,124	-1,504	-6,269	-6,744	-1,980
Effect of exchange rate changes on cash and cash equivalents
1,739	-1,475	332	454	740	170	-3,003	-377	-132	1,137	1,142	139	-2,191	-455	-887	640	-1,966	-2,864	1,022	-2,943	-1,592	-1,395	843	-1,187	-955	1,212	-1,012	-1,284	-349	1,889	-858	1,655	1,821	-5,917	495	2,100
Net change in cash and cash equivalents
5,361	11,060	2,105	-1,420	-10,577	6,084	7,046	-11,383	242	9,439	18,608	4,534	-31,781	21,442	-10,096	-15,196	-18,782	10,456	7,004	863	72	16,687	-7,105	1,515	-74,301	36,980	-12,585	-18,444	-10,058	46,205	6,417	-28,769	-4,177	-2,795	-41,008	2,515
Supplemental disclosure of cash flow information
Cash paid for income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,043	589	2,203	-	1,384	3,306	1,719	4,199	0	2,118	2,181	1,184	2,099	3,294	1,809	2,408	2,264	2,041	3,500
Cash paid for interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,561	751	908	-	379	247	254	496	0	276	234	248	344	225	286	284	314	305	185
Property and equipment acquired under capital leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	288	0	253	370	0	69	393	321	327	177	186	230	200	380	517
Property and equipment purchases in accounts payable and accrued liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-154	115	223	-	-2,166	581	1,815	-1,237	0	3,262	1,179	-	-	-	-	-	-	-	-