WOLVERINE WORLD WIDE INC /DE/ WWW Cash Flow

Wolverine world wide inc /de/ (WWW)

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	Aug'16	Jun'16	Mar'16	Dec'15	Aug'15	Jun'15	Mar'15	Dec'14	Aug'14	May'14	Mar'14	Dec'13	Aug'13	May'13	Mar'13	Dec'12	Aug'12	Jun'12	Mar'12	Dec'11	Aug'11	Jun'11	Mar'11	Dec'10	Aug'10	Jun'10	Mar'10
OPERATING ACTIVITIES
Net earnings
12,800	-500	48,600	40,200	40,600	39,300	58,900	55,500	46,600	-60,800	22,800	20,500	16,800	-2,400	48,200	24,100	17,600	11,900	46,000	25,200	40,100	11,200	57,900	27,600	37,200	-1,300	54,400	18,100	29,800	-3,500	32,800	20,300	31,200	23,026	40,431	23,980	35,863	25,676	34,143	17,222	27,459
Adjustments to reconcile net earnings to net cash used in operating activities:
Depreciation and amortization
7,800	9,400	8,300	7,800	7,200	8,900	7,500	7,300	7,800	9,200	9,800	9,000	9,200	13,500	9,700	10,500	9,800	15,900	11,100	10,800	10,900	16,200	12,100	12,400	12,600	19,200	11,400	11,400	14,200	16,200	3,900	3,800	3,800	-	-	-	-	-	-	-	-
Depreciation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,618	3,523	3,559	3,808	3,633	3,603	3,456
Amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	240	239	234	523	382	390	405
Deferred income taxes
-12,600	-9,300	1,500	-800	-400	9,800	11,400	1,400	-500	-62,600	-4,600	-5,000	-3,600	-5,200	1,000	-2,500	900	-26,500	-100	-2,400	2,300	-19,400	-300	-1,600	2,200	-21,500	-1,700	-2,200	-2,400	-700	-3,900	-1,300	1,700	9,593	-800	-1,225	132	-3,738	87	-806	157
Stock-based compensation expense
2,700	7,200	7,100	3,600	6,600	10,000	7,000	6,300	7,900	6,300	6,100	5,300	7,700	7,500	3,800	3,900	7,600	1,300	3,300	7,400	6,700	8,000	5,900	6,600	4,600	7,100	7,400	6,500	7,200	4,000	3,100	4,200	3,700	3,940	2,783	4,096	3,281	3,753	2,637	2,540	2,570
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	200	300	0	100	400	700	400	3,400	1,600	300	200	3,500	1,400	800	800	400	3,800	2,400	600	3,100	1,029	501	454	1,316	493	34	403	470
Pension contribution
-	-	-	-	-	0	40,000	20,400	300	200	10,400	500	200	1,100	200	200	0	-	-	-	-	1,500	900	900	600	1,000	600	800	0	0	0	0	26,700	0	0	0	31,800	0	0	0	10,400
Pension and SERP expense
2,100	1,400	1,400	1,400	1,400	7,800	1,000	1,500	1,500	3,700	3,700	3,800	3,700	3,100	2,500	2,400	2,400	8,600	6,400	6,500	6,400	3,000	3,000	2,900	3,000	11,500	8,600	8,600	8,600	8,500	6,500	6,400	6,500	5,383	4,039	4,039	4,039	5,025	3,758	3,759	3,758
Restructuring and other related costs
-	-	-	-	-	-	-	-	-	8,000	24,200	25,100	24,600	25,600	1,200	1,800	14,600	25,000	4,800	3,700	-1,000	15,000	8,100	3,500	400	8,300	0	0	0	-	-	-	-	-	-	-	-	-34	0	2,736	1,498
Cash payments related to restructuring costs
-	-	-	-	-	300	500	1,200	3,100	5,900	31,400	15,800	11,700	8,200	1,900	2,600	6,700	3,600	2,100	1,100	3,500	6,700	500	100	400	-	-	-	0	-	-	-	-	-	-	-	-	1,315	-727	3,099	3,813
Environmental and other related costs, net of cash payments and recoveries received
49,600	52,500	-200	-2,500	-1,000	200	-2,900	-2,500	-900	32,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-5,800	1,900	100	3,300	6,000	-3,000	700	-6,900	-300	-800	2,000	7,700	2,400	1,500	-2,000	2,800	4,000	-1,200	900	7,600	-5,300	-6,300	-2,700	100	-2,600	9,500	-3,600	-400	-1,200	-9,700	2,900	-1,700	3,700	-9,614	-2,916	-847	2,077	4,009	1,001	-12,207	3,697
Changes in operating assets and liabilities:
Accounts receivable
-4,100	-30,400	-4,200	-9,700	13,600	-400	66,800	4,700	23,900	-21,600	4,100	-3,500	23,700	-45,000	-200	-12,300	25,200	-74,100	23,900	-5,300	49,700	-166,400	52,100	-50,200	88,000	-87,100	83,100	-75,000	120,300	-74,100	43,400	-24,200	39,800	-56,879	53,310	-24,931	53,300	-43,607	54,468	-23,969	45,608
Inventories
61,000	-71,000	13,700	24,800	56,300	-4,700	30,400	5,200	13,600	-60,500	10,500	-6,800	11,400	-101,700	18,900	-42,900	15,700	-22,900	49,500	30,900	11,300	-45,100	9,300	-6,700	39,600	-33,700	-20,300	-4,400	23,300	-8,200	24,500	-12,900	26,000	-42,674	29,923	-906	38,757	-4,107	37,514	538	15,155
Other operating assets
-1,400	4,200	4,800	-3,100	-500	14,600	11,000	400	-8,200	1,600	5,000	2,800	-9,700	7,800	-4,300	6,700	-12,500	14,400	-12,300	-12,100	-4,600	24,900	2,400	-600	-8,900	11,300	-9,500	-6,500	-8,100	27,800	-9,000	-8,400	6,700	17,494	2,399	213	1,494	1,696	518	-5,952	4,738
Accounts payable
-64,000	46,900	-57,100	99,800	-89,600	62,400	-34,800	78,300	-65,300	21,200	-64,400	90,500	-36,100	-15,700	-4,700	64,100	-94,100	20,200	-20,600	105,100	-51,800	-11,900	-2,900	28,400	2,600	-48,900	-8,900	55,200	-23,900	3,600	-1,500	6,500	-2,700	-4,925	-9,846	12,085	-4,414	-3,596	24,020	5,861	-4,585
Income taxes payable
2,700	-5,700	9,600	200	-500	-10,100	1,300	7,800	-900	47,200	-200	-900	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,000	-1,900	3,400	-16,977	14,369	-6,218	8,926	-12,002	11,958	-4,160	-7,696
Other operating liabilities
-28,000	9,600	7,300	2,000	-21,300	9,400	1,300	-4,900	-25,100	4,900	14,900	6,600	-13,400	-26,700	23,500	4,500	1,500	-34,400	27,200	4,200	1,400	-6,600	28,100	-14,300	1,900	-6,800	17,800	-5,500	11,900	-1,000	13,400	-4,700	-6,000	3,742	8,989	-3,500	-5,631	622	9,519	-7,976	5,935
Net cash used in operating activities
-76,600	206,600	12,100	136,300	-132,400	131,500	-99,100	126,400	-61,300	153,200	-58,100	138,400	-30,800	153,100	70,400	151,700	-78,900	105,700	14,900	137,900	-43,000	199,900	49,100	121,700	-56,100	76,900	37,900	176,800	-89,300	83,000	-6,900	79,900	-64,400	117,913	-19,394	63,036	-82,755	60,238	-2,671	53,863	-43,530
INVESTING ACTIVITIES
Business acquisition, net of cash acquired
5,500	0	0	15,100	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to property, plant and equipment
3,600	5,700	10,400	10,500	7,800	6,400	7,000	4,900	3,400	3,700	8,900	8,700	11,100	20,900	6,200	18,300	9,900	17,800	12,800	9,400	6,400	8,600	8,900	6,900	5,600	12,500	14,500	9,400	5,300	6,600	3,600	2,000	2,700	5,930	4,288	4,837	4,345	7,035	4,263	2,934	2,168
Proceeds from sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,800	-	-	-	-	-	-	-	-	-	-	-	-
Investment in joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	400	0	0	700	900	0	1,000	600	-	-	-	-	-	-	-	-	-	-	-	-
Other
200	2,300	700	400	100	1,000	900	100	700	1,000	900	2,500	700	800	-7,700	-3,300	600	-700	7,500	-3,900	700	1,500	600	1,200	400	1,500	600	1,200	0	600	500	700	600	1,442	448	770	640	1,069	541	381	509
Net cash used in investing activities
-9,300	-8,100	-11,000	-34,500	-7,900	-7,400	-7,400	-3,300	-4,100	-6,200	28,200	-11,200	-11,800	-13,900	1,500	-15,500	-10,500	-17,100	-20,300	-5,500	-7,100	-10,500	-9,500	-8,100	-6,700	-14,900	-15,100	-11,600	-3,100	-1,233,500	-5,000	-4,300	-3,300	-7,272	-4,736	-5,607	-4,985	-6,304	-4,804	-3,315	-2,677
FINANCING ACTIVITIES
Net borrowings under revolving credit agreements
430,000	-133,300	125,300	42,000	201,000	123,500	200	500	300	-2,900	1,900	-1,000	-600	1,900	1,200	-60,000	60,000	-	-	-	14,500	-	-	-	34,000	-	-	-	41,000	-27,000	-1,000	-42,000	59,000	-48,500	39,500	-10,000	30,000	-	-	-	-
Payments on long-term debt
2,500	2,500	2,500	2,500	0	415,600	0	11,300	111,300	11,300	11,200	7,500	7,500	388,100	2,900	2,800	0	5,700	457,500	9,700	58,000	195,700	34,700	9,700	9,700	767,100	42,600	32,600	32,700	25,000	0	0	500	-30	0	0	530	-	-	-	537
Payments of debt issuance costs
0	0	0	0	300	2,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid
9,000	8,200	8,600	8,900	7,900	7,600	7,600	7,600	5,800	5,600	5,800	5,800	5,800	5,800	5,900	5,800	6,000	6,100	6,000	6,200	6,100	6,000	6,000	5,700	6,300	6,000	5,900	5,900	5,900	6,000	5,800	5,800	6,000	5,682	5,824	5,863	5,331	5,285	5,316	5,383	5,416
Purchase of Common Stock for Treasury
21,000	-	-	-	103,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of common stock for treasury
-	-	-	-	-	104,800	20,000	7,400	42,500	0	30,000	10,000	11,500	41,300	5,400	5,900	100	80,000	6,700	5,900	0	-	-	-	-	-	-	-	-	0	0	0	2,400	11,705	32,649	18,083	5,063	953	4,054	22,593	24,600
Employee taxes paid under stock-based compensation plans
19,700	-	200	200	16,300	-	100	100	7,900	-	200	100	4,900	200	400	100	4,200	100	100	100	7,400	400	700	100	9,300	200	300	300	0	-	-	-	-	-	-	-	-	-	-	-	-
Surrender of common stock for treasury
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	200	5,400	-	153	120	1,555	-	-	-	-
Surrender of common stock for income tax purposes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	838
Proceeds from the exercise of stock options
1,500	5,200	1,200	1,700	4,100	800	6,800	8,300	8,100	9,500	3,600	1,800	6,500	1,800	3,400	300	1,900	500	4,300	2,700	5,800	2,400	1,100	1,000	2,800	1,400	2,400	3,200	1,600	2,500	1,600	3,600	3,900	1,565	2,764	2,356	7,415	-	-	2,112	5,417
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	200	300	0	100	400	700	400	3,400	1,600	300	200	3,500	1,400	800	800	400	3,800	2,400	600	3,100	1,029	501	454	1,316	-	-	-	470
Contributions from noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	0	900	500	800	2,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
379,300	-144,000	8,400	-66,500	77,500	-207,100	-20,700	-17,600	-159,100	-10,600	-41,700	-21,900	-23,800	-296,000	237,800	-73,800	52,500	-88,500	-17,700	-33,300	-47,800	-197,100	-40,000	-48,300	15,000	4,200	-45,600	-75,800	4,400	1,177,200	-2,900	-42,600	51,700	-61,435	4,139	-31,256	26,252	379	-9,016	-24,959	-25,504
Effect of foreign exchange rate changes
-1,400	900	-800	600	300	-2,000	400	-7,700	600	1,900	1,500	3,400	700	-4,300	-500	1,100	1,000	-2,400	-1,200	300	-4,600	0	-500	300	400	200	-400	-400	-1,400	400	2,500	300	-700	-7,108	-585	754	2,639	821	1,676	-413	-3,784
Increase (decrease) in cash and cash equivalents
292,000	55,400	8,700	35,900	-62,500	-85,000	-126,800	97,800	-223,900	138,300	-70,100	108,700	-65,700	-161,100	309,200	63,500	-35,900	-2,300	-24,300	99,400	-102,500	-7,700	-900	65,600	-47,400	66,400	-23,200	89,000	-89,400	27,100	-12,300	33,300	-16,700	42,098	-20,576	26,927	-58,849	55,134	-14,815	25,176	-75,495