WATTS WATER TECHNOLOGIES INC WTS Cash Flow

Watts water technologies inc (WTS)
CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jul'18	Apr'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	Dec'10	Sep'10	Jun'10	Mar'10
OPERATING ACTIVITIES
Net income
132,500	131,500	132,000	131,200	130,800	128,000	93,400	88,400	79,600	73,100	92,900	88,300	89,700	84,200	0	0	0	-	-	-	-	-	-	-	-	58,600	65,900	69,200	68,800	68,400	69,900	74,900	71,000	66,400	60,700	54,300	61,800	58,800	0	0	0
Loss from discontinued operations, net of taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,300	-5,000	-2,700	-2,400	-2,000	0	0	0	-	-	-	-	-4,300	0	0	0
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	66,200	61,100	58,700	60,900	70,900	71,900	71,200	70,400	0	0	0	-	-	-	-	63,100	0	0	0
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation
31,100	31,000	30,100	29,600	29,300	28,900	29,300	29,400	30,200	29,700	29,600	30,300	29,700	30,400	30,500	30,700	31,000	31,600	32,000	31,900	32,600	32,900	33,500	33,900	33,900	34,200	34,300	33,500	33,300	33,100	31,700	32,500	33,100	32,100	32,300	30,700	29,600	30,500	0	0	0
Amortization of intangibles
15,500	15,600	16,000	16,700	17,900	19,600	20,900	22,100	22,600	22,500	22,300	21,700	21,200	20,800	20,300	20,800	20,900	20,900	20,000	18,100	16,600	15,200	14,800	14,700	14,700	14,700	14,600	14,500	14,900	15,400	14,100	14,800	16,000	15,800	17,600	17,000	14,900	14,300	0	0	0
Loss on disposal and impairment of property, plant and equipment and other
-	-800	0	0	0	-	-	-	-	-2,100	-2,900	-2,400	-3,800	-3,700	-132,600	-133,000	-131,600	-132,400	0	0	0	-	-	-	0	-	-	-	-3,600	-4,100	0	0	0	-	-	-	-	-	-	-	-
Gain on acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	1,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
16,800	17,800	17,100	16,200	15,700	13,800	13,700	13,300	13,700	13,900	13,000	13,000	13,500	13,400	13,800	13,100	11,400	10,900	10,300	10,300	9,200	8,600	9,000	9,100	9,700	9,600	9,000	8,000	7,100	6,600	5,500	5,000	5,100	8,300	8,200	8,100	7,800	4,700	0	0	0
Deferred income tax
-700	-1,300	9,300	5,500	6,400	15,300	-600	1,200	3,300	-6,400	-2,400	-6,200	-9,800	-3,500	6,300	16,500	23,300	20,500	12,900	8,400	1,300	2,700	-2,700	-6,400	-6,700	-6,800	0	0	0	-	5,000	7,900	6,900	3,700	-5,700	-6,000	-4,900	-6,900	0	0	0
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0
Changes in operating assets and liabilities, net of effects from business acquisitions:
Accounts receivable
-700	15,000	13,100	7,700	16,400	-6,000	3,000	1,200	8,900	7,500	4,700	18,000	3,600	7,100	-8,700	-9,700	-18,600	-13,000	-8,100	-5,500	200	-9,600	1,200	10,300	1,200	3,500	7,900	-6,800	-2,200	-2,000	-5,700	4,100	-600	-3,100	5,700	-6,400	800	8,200	0	0	0
Inventories
-12,100	-17,000	-6,000	3,500	22,600	34,500	33,700	22,700	13,800	8,400	1,700	-2,200	-15,400	-9,800	-15,300	-6,400	-1,700	-21,200	-34,000	-41,400	-36,300	-21,400	2,400	10,700	20,800	17,300	9,500	14,700	13,800	7,100	-2,100	-8,100	-9,000	-3,100	-100	2,800	7,300	-800	0	0	0
Prepaid expenses and other assets
6,400	1,600	-5,700	-6,500	-2,400	-600	1,300	-5,100	-15,800	-14,700	-7,300	-5,700	-4,500	-4,900	3,800	14,500	20,500	17,800	12,300	-6,900	-12,600	-10,900	-1,300	8,300	10,600	14,500	-11,700	-6,700	-11,500	-1,100	15,200	14,200	20,700	8,900	-13,700	-15,000	-6,400	-9,000	0	0	0
Accounts payable, accrued expenses and other liabilities
14,000	-4,400	12,200	3,300	19,900	22,100	28,200	13,700	1,300	9,400	-22,100	-12,200	-24,500	-15,200	-12,300	-58,100	-38,000	-29,100	-47,400	-12,000	-12,400	-26,300	4,200	30,100	22,200	39,500	4,500	200	-1,300	4,700	16,800	1,300	6,200	1,500	-27,100	-23,300	-800	3,500	0	0	0
Net cash used in operating activities
217,300	194,000	197,700	187,600	171,300	169,400	149,100	148,400	138,900	155,900	141,900	139,300	150,900	138,100	137,100	75,300	86,700	109,400	103,600	158,700	154,700	135,200	124,100	114,900	101,600	118,300	126,500	129,200	125,300	130,300	141,100	128,300	128,200	126,100	94,600	100,900	109,600	113,400	0	0	0
INVESTING ACTIVITIES
Additions to property, plant and equipment
31,200	29,200	30,900	35,000	35,500	35,900	36,400	33,600	30,900	29,400	26,800	27,800	32,600	36,000	34,800	34,400	31,300	27,700	26,800	25,600	24,300	23,700	21,200	20,300	21,700	27,700	34,500	38,900	36,600	30,500	24,700	20,100	20,800	22,500	22,600	24,600	24,400	24,600	0	0	0
Proceeds from the sale of property, plant and equipment
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	400	0	0	0	-	-	-	-	200	0	0	0	-	-	-	-	2,200	0	0	0
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from the sale of asset, and other
-	-	-	-	-	-	-	-	-	3,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,500	0	0	0
Business acquisitions, net of cash acquired and other
-	-	-	-	-	1,700	2,200	1,800	1,500	-100	85,800	85,800	85,800	88,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	17,500	20,100	20,100	182,600	165,500	163,100	163,100	36,300	36,300	0	0	0
Net cash used in investing activities
-72,400	-71,800	-71,600	-33,400	-34,000	-35,900	-39,800	-35,200	-32,300	-27,300	-103,300	-101,600	-88,400	-114,000	-56,200	-26,900	-41,100	-17,300	-265,100	-296,800	-296,200	-295,500	-20,700	-20,000	-18,000	-24,100	-28,800	-31,300	-31,700	-42,900	-42,300	-39,900	-203,200	-188,100	-185,400	-186,400	-57,500	-57,200	0	0	0
FINANCING ACTIVITIES
Proceeds from long-term borrowings
122,000	82,000	82,000	45,000	60,000	50,000	50,000	45,000	30,000	20,000	178,800	178,800	398,800	688,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	184,000	0	0	0	-	-	-	-
Payments of long-term debt
-	127,000	118,100	111,300	136,400	194,500	195,100	184,900	209,700	178,000	265,100	240,000	377,900	614,400	501,800	501,900	277,100	2,000	2,000	2,200	2,200	2,300	2,400	2,000	77,100	77,200	76,900	77,200	20,000	23,900	75,400	90,900	172,200	168,000	116,200	100,300	50,900	50,900	0	0	0
Payments for tax withholding on vested awards
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of finance leases
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for withholdings on vested stock, finance leases and other
-	-	-	-	-	6,600	6,700	5,800	2,000	4,900	4,500	4,700	4,300	1,500	2,200	2,200	3,700	4,000	3,700	4,000	1,900	3,600	4,200	4,100	6,000	4,800	4,700	4,900	4,000	2,900	2,800	2,500	2,500	2,600	2,100	1,900	1,100	1,200	0	0	0
Proceeds from share transactions under employee stock plans
-	2,100	0	0	0	-	-	-	-	1,700	1,900	6,000	7,900	8,200	7,700	4,000	2,600	2,500	3,400	8,300	11,900	11,800	13,000	12,700	10,900	11,900	17,800	15,700	13,200	17,800	11,400	8,400	8,800	5,400	0	0	0	-	-	-	-
Tax benefit of stock awards exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	300	300	800	1,600	2,000	1,500	1,900	1,300	1,300	1,000	1,200	1,000	900	1,900	800	800	800	0	0	0	-	-	0	0
Payments to repurchase common stock
28,600	19,500	25,300	25,500	25,400	26,000	20,100	20,000	20,000	18,200	18,200	18,200	18,700	26,800	34,800	42,700	47,700	44,600	42,500	39,100	39,600	39,600	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	2,100	0	0	0	-	-	-	-	2,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends
32,100	31,400	30,800	29,600	28,900	28,300	27,600	27,000	26,400	25,900	25,700	25,300	24,800	24,500	24,100	23,800	23,700	23,100	22,500	21,900	21,200	20,500	19,800	19,100	18,400	17,700	17,000	16,300	15,700	16,000	16,100	16,200	16,400	16,300	16,400	16,400	16,300	16,400	0	0	0
Net cash provided by (used in) financing activities
-64,500	-105,600	-102,100	-127,300	-141,000	-202,900	-196,700	-191,500	-226,700	-205,300	-133,200	-103,600	-19,000	27,700	-26,800	-38,300	-51,500	-70,900	208,000	216,900	223,600	220,800	-46,000	-45,600	-123,700	-109,500	-99,800	-94,100	-82,100	-80,700	-137,600	-181,600	-116,800	-23,900	27,000	70,700	102,700	6,900	0	0	0
Effect of exchange rate changes on cash and cash equivalents
-5,200	-1,000	-7,100	-2,700	-10,800	-6,700	-2,400	3,400	17,800	18,500	2,600	-3,300	-15,900	-9,600	-4,300	-8,000	3,500	-26,100	-30,100	-38,500	-45,300	-27,300	-12,200	5,300	6,100	4,100	3,400	500	-1,700	3,200	0	-6,700	3,700	7,300	9,700	19,000	3,900	-2,700	0	0	0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
75,200	15,600	16,900	24,200	-14,500	-76,100	-89,800	-74,900	-102,300	-58,200	-92,000	-69,200	27,600	42,200	49,800	2,100	-2,400	-4,900	16,400	40,300	36,800	33,200	45,700	63,000	-26,000	-3,400	17,900	14,200	20,900	21,400	-37,200	-99,300	-188,100	-79,000	-46,000	12,000	165,800	71,000	0	0	0
Net cash used in operating activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-100	400	1,600	2,800	3,200	0	0	0	-	-	-	7,100	5,500	0	0	0
Net cash provided by investing activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,100	0	0	0
NON CASH INVESTING AND FINANCING ACTIVITIES
Acquisition of businesses:
Fair value of assets acquired
-	-	-	-	-	4,100	0	0	0	-	-	-	-	112,600	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	25,200	0	0	0	-	-	-	-	-	-	-	-
Cash paid, net of cash acquired
-	-	-	-	-	1,700	0	0	0	-	-	-	-	88,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	1,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on fair value of acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	1,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities assumed
-	-	-	-	-	2,400	0	0	0	-	-	-	-	22,900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	7,700	0	0	0	-	-	-	-	-	-	-	-
Issuance of stock under management stock purchase plan
1,300	1,800	2,000	2,500	2,000	1,900	1,400	600	1,100	900	1,000	1,000	900	700	700	700	700	300	0	0	0	-	-	100	500	700	300	900	500	500	700	400	400	400	400	400	400	2,100	0	0	0
CASH PAID FOR:
Interest
17,000	17,100	17,500	17,700	17,700	19,100	19,600	19,100	18,800	18,800	17,900	18,000	23,000	20,200	25,600	23,800	23,100	23,100	21,300	19,800	19,200	18,300	18,800	19,300	21,200	21,500	23,500	23,100	23,700	23,900	24,200	25,000	25,000	24,700	23,700	23,200	21,500	21,400	0	0	0
Income taxes
52,900	50,800	44,700	46,800	51,200	55,300	59,400	53,900	41,400	39,400	39,200	39,800	33,000	33,500	29,700	26,500	24,200	24,500	27,400	27,600	28,300	30,500	29,300	30,500	30,700	32,700	31,400	30,800	31,700	27,100	30,100	29,400	34,800	35,500	25,700	28,700	19,700	20,300	0	0	0