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Income Statement
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Cash Flow Statement
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Billerud Americas Corp (VRS)

Cash Flow Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15Dec-31-14
   10-K10-K10-K10-K10-K10-K10-K10-K
Cash Flows From Operating Activities:          
    Net income (loss)  -3.0-101.070.0171.0-30.0  -353.0
    Adjustments to reconcile net income (loss) to net cash from (used in) operating activities:          
        Depreciation and amortization  154.0153.0183.0111.0115.0  91.0
        Noncash restructuring charges  11.05.020.0     
        Net periodic pension cost (income)  -23.0-16.0-14.0-7.06.0  8.0
        Pension plan contributions  -25.0-49.0-42.0-43.0-32.0  -8.0
        Amortization of debt issuance cost  1.0 1.019.09.0  9.0
        Gain on Sale of Androscoggin/Stevens Point Mills   -94.0      
        Loss on Sale of Duluth Mill  3.0       
        Equity award expense  5.05.012.08.01.0  2.0
        (Gain) loss on sale or disposal of assets  1.04.02.0-8.03.0   
        Gain on insurance recoveries  -6.0       
        Deferred taxes  -3.0-9.0-91.0 -8.0 4.0 
        Changes in assets and liabilities:          
            Accounts receivable, net  -23.032.044.011.0-13.0  17.0
            Inventories  92.079.0-7.0-12.060.0  17.0
            Prepaid expenses and other assets  2.0-2.05.04.06.0  -15.0
            Accounts payable  13.0-64.0-34.040.067.0  -22.0
            Accrued and other liabilities  -19.0-5.0-24.0-12.0-21.0 -74.070.0
                Net cash provided by (used in) operating activities  180.0-62.0125.0283.0153.0 -266.0-58.0
   
Cash Flows From Investing Activities:          
    Proceeds from sale of assets  2.06.01.017.0  51.01.0
    Capital expenditures  -66.0-48.0-105.0-73.0-40.0 -64.0-42.0
    Net proceeds from Sale of Duluth Mill  6.0       
    Proceeds from insurance recoveries  6.0       
    Recognition of deposits and net proceeds from sale of Luke Mill equipment  10.0       
    Net proceeds from Sale of Androscoggin/Stevens Point Mills   345.0      
        Net cash provided by (used in) investing activities  -42.0303.0-104.0-52.0-40.0 111.0-25.0
   
Cash Flows From Financing Activities:          
    Borrowings on ABL Facility   36.0428.0442.0186.0  433.0
    Payments on ABL Facility   -36.0-428.0-507.0-233.0   
    Principal payment on finance lease obligations  -1.0-1.0-1.0     
    Repurchase of common stock  -80.0-34.0-3.0     
    Acquisition of treasury stock  -80.0-34.0-3.0     
    Dividends paid to stockholders  -12.0-111.0      
    Debt issuance costs    -1.0    -2.0
        Net cash provided by (used in) financing activities  -103.0-146.0-5.0-212.0-113.0 153.078.0
    Change in Cash and cash equivalents and restricted cash  35.095.016.019.0    
   
Supplementary cash flow disclosures:          
    Total interest paid  1.01.02.016.030.0 246.0117.0
    Total income taxes paid    3.0     
    Noncash investing and financing activities:          
        Right of use assets recorded upon adoption of ASC 842    24.0     
        Right of use assets obtained in exchange for new finance lease liabilities  1.01.08.0     
        Right of use assets obtained in exchange for new capitalized operating lease liabilities  1.08.02.0     

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