WOLVERINE WORLD WIDE INC /DE/ WWW Cash Flow

Wolverine world wide inc /de/ (WWW)
CashFlow / TTM

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
101,100	128,900	168,700	179,000	194,300	200,300	100,200	64,100	29,100	-700	57,700	83,100	86,700	87,500	101,800	99,600	100,700	123,200	122,500	134,400	136,800	133,900	121,400	117,900	108,400	101,000	98,800	77,200	79,400	80,800	107,326	114,957	118,637	123,300	125,950	119,662	112,904	104,500	0	0	0
Adjustments to reconcile net earnings to net cash used in operating activities:
Depreciation and amortization
33,300	32,700	32,200	31,400	30,900	31,500	31,800	34,100	35,800	37,200	41,500	41,400	42,900	43,500	45,900	47,300	47,600	48,700	49,000	50,000	51,600	53,300	56,300	55,600	54,600	56,200	53,200	45,700	38,100	27,700	0	0	0	-	-	-	-	-	-	-	-
Depreciation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,508	14,523	14,603	14,500	0	0	0
Amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,236	1,378	1,529	1,700	0	0	0
Deferred income taxes
-21,200	-9,000	10,100	20,000	22,200	22,100	-50,300	-66,300	-72,700	-75,800	-18,400	-12,800	-10,300	-5,800	-27,100	-28,200	-28,100	-26,700	-19,600	-19,800	-19,000	-19,100	-21,200	-22,600	-23,200	-27,800	-7,000	-9,200	-8,300	-4,200	6,093	9,193	9,268	7,700	-5,631	-4,744	-4,325	-4,300	0	0	0
Stock-based compensation expense
20,600	24,500	27,300	27,200	29,900	31,200	27,500	26,600	25,600	25,400	26,600	24,300	22,900	22,800	16,600	16,100	19,600	18,700	25,400	28,000	27,200	25,100	24,200	25,700	25,600	28,200	25,100	20,800	18,500	15,000	14,940	14,623	14,519	14,100	13,913	13,767	12,211	11,500	0	0	0
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	600	800	1,200	1,600	4,900	6,100	5,700	5,500	5,600	5,400	5,900	6,500	3,400	5,800	7,400	7,200	9,900	7,129	5,230	5,084	3,300	2,764	2,297	2,246	1,400	0	0	0
Pension contribution
-	-	-	-	-	60,700	60,900	31,300	11,400	11,300	12,200	2,000	1,700	1,500	0	0	0	-	-	-	-	3,900	3,400	3,100	3,000	2,400	1,400	800	0	26,700	26,700	26,700	26,700	31,800	31,800	31,800	31,800	10,400	0	0	0
Pension and SERP expense
6,300	5,600	12,000	11,600	11,700	11,800	7,700	10,400	12,700	14,900	14,300	13,100	11,700	10,400	15,900	19,800	23,900	27,900	22,300	18,900	15,300	11,900	20,400	26,000	31,700	37,300	34,300	32,200	30,000	27,900	24,783	22,322	19,961	17,500	17,142	16,861	16,581	16,300	0	0	0
Restructuring and other related costs
-	-	-	-	-	-	-	-	-	81,900	99,500	76,500	53,200	43,200	42,600	46,200	48,100	32,500	22,500	25,800	25,600	27,000	20,300	12,200	8,700	8,300	0	0	0	-	-	-	-	-	-	-	-	4,200	0	0	0
Cash payments related to restructuring costs
-	-	-	-	-	5,100	10,700	41,600	56,200	64,800	67,100	37,600	24,400	19,400	14,800	15,000	13,500	10,300	13,400	11,800	10,800	7,700	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	7,500	0	0	0
Environmental and other related costs, net of cash payments and recoveries received
99,400	48,800	-3,500	-6,200	-6,200	-6,100	26,000	28,900	31,400	32,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-500	11,300	6,400	7,000	-3,200	-9,500	-7,300	-6,000	8,600	11,300	13,600	9,600	4,700	6,300	3,600	6,500	11,300	2,000	-3,100	-6,700	-14,200	-11,500	4,300	3,400	2,900	4,300	-14,900	-8,400	-9,700	-4,800	-4,714	-10,530	-9,677	-11,300	2,323	6,240	-5,120	-3,500	0	0	0
Changes in operating assets and liabilities:
Accounts receivable
-48,400	-30,700	-700	70,300	84,700	95,000	73,800	11,100	2,900	2,700	-20,700	-25,000	-33,800	-32,300	-61,400	-37,300	-30,300	-5,800	-98,100	-69,900	-114,800	-76,500	2,800	33,800	9,000	41,300	54,300	14,600	65,400	-15,100	2,121	12,031	11,300	24,800	38,072	39,230	40,192	32,500	0	0	0
Inventories
28,500	23,800	90,100	106,800	87,200	44,500	-11,300	-31,200	-43,200	-45,400	-86,600	-78,200	-114,300	-110,000	-31,200	-600	73,200	68,800	46,600	6,400	-31,200	-2,900	8,500	-21,100	-18,800	-35,100	-9,600	35,200	26,700	29,400	-5,074	349	12,343	25,100	63,667	71,258	72,702	49,100	0	0	0
Other operating assets
4,500	5,400	15,800	22,000	25,500	17,800	4,800	-1,200	1,200	-300	5,900	-3,400	500	-2,300	4,300	-3,700	-22,500	-14,600	-4,100	10,600	22,100	17,800	4,200	-7,700	-13,600	-12,800	3,700	4,200	2,300	17,100	6,794	18,193	26,806	21,600	5,802	3,921	-2,244	1,000	0	0	0
Accounts payable
25,600	0	15,500	37,800	16,300	40,600	-600	-30,200	-18,000	11,200	-25,700	34,000	7,600	-50,400	-14,500	-30,400	10,600	52,900	20,800	38,500	-38,200	16,200	-20,800	-26,800	0	-26,500	26,000	33,400	-15,300	5,900	-2,625	-10,971	-5,386	-7,100	-5,771	28,095	21,871	21,700	0	0	0
Income taxes payable
6,800	3,600	-800	-9,100	-1,500	-1,900	55,400	53,900	45,200	46,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-12,477	-1,108	-5,426	100	5,075	2,664	4,722	-11,900	0	0	0
Other operating liabilities
-9,100	-2,400	-2,600	-8,600	-15,500	-19,300	-23,800	-10,200	1,300	13,000	-18,600	-10,000	-12,100	2,800	-4,900	-1,200	-1,500	-1,600	26,200	27,100	8,600	9,100	8,900	-1,400	7,400	17,400	23,200	18,800	19,600	1,700	6,442	2,031	3,231	3,600	480	1,010	-3,466	8,100	0	0	0
Net cash used in operating activities
278,400	222,600	147,500	36,300	26,400	97,500	119,200	160,200	172,200	202,700	202,600	331,100	344,400	296,300	248,900	193,400	179,600	215,500	309,700	343,900	327,700	314,600	191,600	180,400	235,500	202,300	208,400	163,600	66,700	91,600	126,513	114,019	97,155	78,800	21,125	37,848	28,675	67,900	0	0	0
INVESTING ACTIVITIES
Business acquisition, net of cash acquired
20,600	15,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Additions to property, plant and equipment
30,200	34,400	35,100	31,700	26,100	21,700	19,000	20,900	24,700	32,400	49,600	46,900	56,500	55,300	52,200	58,800	49,900	46,400	37,200	33,300	30,800	30,000	33,900	39,500	42,000	41,700	35,800	24,900	17,500	14,900	14,230	14,918	17,755	19,400	20,505	20,480	18,577	16,400	0	0	0
Proceeds from sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Investment in joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,100	1,600	1,600	2,600	2,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other
3,600	3,500	2,200	2,400	2,100	2,700	2,700	2,700	5,100	5,100	4,900	-3,700	-9,500	-9,600	-11,100	4,100	3,500	3,600	5,800	-1,100	4,000	3,700	3,700	3,700	3,700	3,300	2,400	2,300	1,800	2,400	3,242	3,190	3,260	3,300	2,927	3,020	2,631	2,500	0	0	0
Net cash used in investing activities
-62,900	-61,500	-60,800	-57,200	-26,000	-22,200	-21,000	14,600	6,700	-1,000	-8,700	-35,400	-39,700	-38,400	-41,600	-63,400	-53,400	-50,000	-43,400	-32,600	-35,200	-34,800	-39,200	-44,800	-48,300	-44,700	-1,263,300	-1,253,200	-1,245,900	-1,246,100	-19,872	-19,608	-20,915	-22,600	-21,632	-21,700	-19,408	-17,100	0	0	0
FINANCING ACTIVITIES
Net borrowings under revolving credit agreements
464,000	235,000	491,800	366,700	325,200	124,500	-1,900	-200	-1,700	-2,600	2,200	1,500	-57,500	3,100	0	0	0	-	-	-	0	-	-	-	0	-	-	-	-29,000	-11,000	-32,500	8,000	40,000	11,000	0	0	0	-	-	-	-
Payments on long-term debt
10,000	7,500	420,600	418,100	426,900	538,200	133,900	145,100	141,300	37,500	414,300	406,000	401,300	393,800	11,400	466,000	472,900	530,900	720,900	298,100	298,100	249,800	821,200	829,100	852,000	875,000	132,900	90,300	57,700	25,500	470	470	470	500	0	0	0	-	-	-	0
Payments of debt issuance costs
0	300	3,000	3,000	3,000	2,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid
34,700	33,600	33,000	32,000	30,700	28,600	26,600	24,800	23,000	23,000	23,200	23,300	23,300	23,500	23,800	23,900	24,300	24,400	24,300	24,300	23,800	24,000	24,000	23,900	24,100	23,700	23,700	23,600	23,500	23,600	23,282	23,306	23,369	22,700	22,303	21,795	21,315	21,400	0	0	0
Purchase of Common Stock for Treasury
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of common stock for treasury
-	-	-	-	-	174,700	69,900	79,900	82,500	51,500	92,800	68,200	64,100	52,700	91,400	92,700	92,700	92,600	0	0	0	-	-	-	-	-	-	-	-	2,400	14,105	46,754	64,837	67,500	56,748	28,153	32,663	52,200	0	0	0
Employee taxes paid under stock-based compensation plans
0	-	0	0	0	-	0	0	8,500	-	5,400	5,600	5,600	4,900	4,800	4,500	4,500	7,700	8,000	8,600	8,600	10,500	10,300	9,900	10,100	800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Surrender of common stock for treasury
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-
Surrender of common stock for income tax purposes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Proceeds from the exercise of stock options
9,600	12,200	7,800	13,400	20,000	24,000	32,700	29,500	23,000	21,400	13,700	13,500	12,000	7,400	6,100	7,000	9,400	13,300	15,200	12,000	10,300	7,300	6,300	7,600	9,800	8,600	9,700	8,900	9,300	11,600	10,665	11,829	10,585	14,100	0	0	0	-	-	0	0
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	600	800	1,200	1,600	4,900	6,100	5,700	5,500	5,600	5,400	5,900	6,500	3,400	5,800	7,400	7,200	9,900	7,129	5,230	5,084	3,300	0	0	0	-	-	-	0
Contributions from noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	2,200	4,700	3,800	3,300	2,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
177,200	-124,600	-187,700	-216,800	-167,900	-404,500	-208,000	-229,000	-233,300	-98,000	-383,400	-103,900	-155,800	-79,500	128,000	-127,500	-87,000	-187,300	-295,900	-318,200	-333,200	-270,400	-69,100	-74,700	-102,200	-112,800	1,060,200	1,102,900	1,136,100	1,183,400	-55,235	-48,196	-36,852	-62,300	-486	-13,641	-7,344	-59,100	0	0	0
Effect of foreign exchange rate changes
-700	1,000	-1,900	-700	-9,000	-8,700	-4,800	-3,700	7,400	7,500	1,300	-700	-3,000	-2,700	-800	-1,500	-2,300	-7,900	-5,500	-4,800	-4,800	200	400	500	-200	-2,000	-1,800	1,100	1,800	2,500	-5,008	-8,093	-7,639	-4,300	3,629	5,890	4,723	-1,700	0	0	0
Increase (decrease) in cash and cash equivalents
392,000	37,500	-102,900	-238,400	-176,500	-337,900	-114,600	-57,900	-47,000	111,200	-188,200	191,100	145,900	175,700	334,500	1,000	36,900	-29,700	-35,100	-11,700	-45,500	9,600	83,700	61,400	84,800	42,800	3,500	14,400	-41,300	31,400	46,398	38,122	31,749	-10,400	2,636	8,397	6,646	-10,000	0	0	0