Welbilt, Inc. WBT Cash Flow

Welbilt, inc. (WBT)

CashFlow / Quarterly

Mar'20	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
Cash flows from operating activities
Net Income (Loss) Attributable to Parent
-15,100	18,400	20,100	20,000	-2,600	27,000	26,800	12,000	12,400	66,900	30,900	30,100	5,000	13,400	24,900	15,100	18,100	64,100	41,100	36,900	14,000
Adjustments to reconcile net loss to cash used in operating activities:
Depreciation expense
5,200	4,900	5,300	6,200	4,900	4,800	4,500	4,500	4,200	4,600	4,100	4,000	4,000	4,300	4,200	4,500	4,300	4,700	4,900	4,800	5,200
Amortization
10,000	11,000	9,400	9,900	9,500	9,800	9,900	9,400	7,900	7,800	7,900	7,700	7,800	7,700	7,800	7,900	7,800	7,800	7,900	7,900	7,800
Amortization of debt issuance costs
1,100	1,100	1,300	1,100	1,200	1,400	1,400	1,300	1,400	1,400	1,500	1,300	1,300	1,400	1,400	1,500	400	0	0	0	0
Gain (Loss) on Extinguishment of Debt, before Write off of Debt Issuance Cost
-	-	-	-	-	-	-	-	-	0	1,700	-200	-3,200	-2,700	0	0	0	-	-	-	-
Deferred income taxes
-7,000	20,300	0	-500	0	7,700	1,600	1,500	1,600	48,300	1,200	11,900	2,900	-1,000	2,900	2,800	2,900	32,000	500	-700	-2,800
Stock-based compensation expense
1,000	1,100	1,500	1,800	2,900	2,300	-900	2,400	3,200	1,900	2,400	2,400	4,400	1,400	1,500	2,100	1,300	0	700	600	1,000
Gain (Loss) on Sale of Assets and Asset Impairment Charges
-11,200	-500	-200	0	0	100	100	100	100	-100	3,900	600	-400	-1,600	-1,700	0	0	-	-	-	-
Pension settlement
0	0	0	0	1,200	2,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Gain on remeasurement of debt and other realized foreign currency derivative
0	900	-600	-500	800	-1,500	-2,800	-19,100	0	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-200	-300	0
Changes in operating assets and liabilities:
Accounts receivable
11,200	-19,700	-13,300	88,200	296,200	150,800	147,500	161,200	130,900	145,800	129,100	144,400	121,900	485,200	-4,700	13,900	8,400	-21,400	-700	50,300	-20,700
Inventories
19,100	-14,300	-100	-5,100	14,500	-9,100	3,600	8,000	23,000	-16,400	-5,300	-400	23,900	-7,900	-6,200	1,900	15,800	-12,400	-19,300	400	26,600
Other assets
16,400	-15,500	-1,400	1,500	2,000	7,300	-2,000	2,500	1,500	-1,200	-5,200	3,500	3,500	4,200	1,400	-2,400	8,300	-5,600	1,600	200	2,400
Trade accounts payable
11,700	-8,900	-2,700	-8,500	-26,700	39,000	-12,200	4,100	8,400	-4,600	-12,800	900	8,600	-600	4,000	1,800	-16,300	-2,000	-5,600	3,500	-21,500
Other current and long-term liabilities
-57,900	-5,600	11,000	28,100	-33,900	-2,600	9,500	8,200	-39,100	1,800	10,700	23,800	-46,900	24,800	-2,500	8,500	-3,200	-2,400	12,000	-6,400	-8,700
Net cash used in operating activities
-72,500	50,800	61,500	-25,000	-357,000	-68,500	-109,000	-112,300	-158,700	-96,600	-80,700	-89,600	-164,400	-423,800	49,600	25,200	-23,000	74,200	79,100	-2,600	-7,700
Cash flows from investing activities
Cash receipts on beneficial interest in sold receivables
0	0	0	84,700	196,000	156,200	155,400	136,900	127,900	147,500	147,200	141,500	115,900	-	-	-	-	-	-	-	-
Capital expenditures
5,600	16,500	7,300	5,300	4,800	7,400	6,000	4,300	3,700	6,600	5,800	3,400	4,900	5,200	4,600	1,700	4,500	3,600	2,900	3,500	3,200
Changes in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,100	100	-300	0	300	100	200
Purchase of short-term investment
-	-	-	-	-	0	0	0	35,000	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturity of short-term investment
-	-	-	-	-	0	0	0	20,700	-	-	-	-	-	-	-	-	-	-	-	-
Other
3,900	-200	-300	-400	-200	-300	-300	-300	-300	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by investing activities
-9,500	-16,300	-7,000	111,800	191,400	149,100	146,900	-92,700	110,200	140,600	147,700	144,100	111,000	474,900	-7,700	-1,800	-4,200	69,200	-3,100	-3,600	-3,400
Cash flows from financing activities
Proceeds from long-term debt
128,000	55,000	80,100	78,400	196,500	199,500	15,000	187,000	74,000	14,100	25,000	37,000	78,900	25,500	18,600	25,600	1,431,400	-	-	-	-
Repayments on long-term debt and finance leases
23,300	81,200	102,400	132,000	32,800	243,700	63,100	57,200	19,200	69,300	63,100	69,200	2,500	92,200	45,000	49,400	200	300	400	0	0
Debt issuance costs
-	-	-	-	-	6,400	0	300	100	0	600	0	1,400	100	300	300	40,600	-	-	-	-
Proceeds from long-term debt and capital leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	300
Repayments on long-term debt and capital leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-100	300
Changes in short-term borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-100	-14,400	14,500	-	-	-	-
Proceeds from short-term borrowings
-	-	-	-	-	-	-	-	-	0	0	0	4,000	-	-	-	-	-	-	0	0
Repayment of short-term borrowings
0	0	0	0	15,000	15,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payment of contingent consideration
0	0	0	0	800	1,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Dividend paid to MTW
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,362,000	0	0	0	0
Net transactions with MTW
-	-	-	-	-	-	-	-	-	-	-	-	-	-11,600	-600	1,500	6,100	-156,800	-42,400	4,600	11,700
Exercises of stock options
1,100	200	400	2,000	600	200	1,200	2,300	2,500	1,600	1,900	400	900	1,100	14,700	300	100	0	0	0	0
Payments on tax withholdings for equity awards
700	200	200	200	1,800	100	500	400	2,000	1,400	1,400	500	2,100	-	-	-	-	-	-	-	-
Net cash provided by financing activities
105,100	-26,200	-22,100	-51,800	146,700	-66,900	-47,400	161,400	55,200	-59,000	-38,200	-32,300	77,800	-81,100	-12,700	-36,700	49,300	-157,100	-42,500	4,800	11,700
Effect of exchange rate changes on cash
-5,300	4,600	-3,900	-1,000	1,000	-2,200	200	-4,500	3,600	13,900	-3,400	-1,800	-1,800	1,300	-300	-600	500	-1,600	-1,000	100	-1,000
Net increase (decrease) in cash and cash equivalents and restricted cash
17,800	12,900	28,500	34,000	-17,900	11,500	-9,300	-48,100	10,300	-1,100	25,400	20,400	22,600	-28,700	28,900	-13,900	22,600	-15,300	32,500	-1,300	-400
Supplemental disclosures of cash flow information:
Cash paid for income taxes, net of refunds
11,600	8,700	7,600	8,700	11,000	13,500	10,200	12,900	10,400	8,100	6,100	9,900	10,200	-	-	-	-	-	-	-	-
Cash paid for interest, net of related hedge settlements
31,400	11,600	33,000	11,100	23,300	22,300	23,600	22,700	26,000	26,500	23,900	10,600	33,700	-	-	-	-	-	-	-	-
Supplemental disclosures of non-cash activities:
Non-cash investing activity: Beneficial interest obtained in exchange for securitized receivables
0	0	0	0	238,600	188,900	190,700	195,900	169,200	192,400	177,200	184,000	169,900	-	-	-	-	-	-	-	-
Non-cash financing activity: Reassessments and modifications of right-of-use assets and lease liabilities and assets obtained through leasing arrangements
5,500	2,700	3,300	8,100	800	900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-