THS · As filed with the SEC
TreeHouse Foods cash flow statement, by fiscal year
The statement as TreeHouse Foods presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF CASH FLOWS · USD
| USD | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | FY2018 Year ended Dec 31, 2018 | FY2017 Year ended Dec 31, 2017 |
|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||
| Net income (loss) | 26,900,000 | 53,100,000 | (146,300,000) | (12,500,000) | 13,800,000 | (361,000,000) | (61,400,000) | (286,200,000) |
| Net loss from discontinued operations | 0 | (5,900,000) | (130,200,000) | 14,600,000 | (35,400,000) | (250,700,000) | — | — |
| Net income (loss) from continuing operations | 26,900,000 | 59,000,000 | (16,100,000) | (27,100,000) | 49,200,000 | (110,300,000) | — | — |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | ||||||||
| Depreciation and amortization | 147,100,000 | 141,900,000 | 143,800,000 | 213,900,000 | 203,200,000 | 210,600,000 | 258,300,000 | 287,600,000 |
| Asset impairment | — | — | 0 | 9,200,000 | 0 | 129,100,000 | 0 | 549,700,000 |
| Asset impairment | 19,300,000 | — | — | — | — | — | — | — |
| Stock-based compensation | 19,100,000 | 24,800,000 | 19,900,000 | 15,600,000 | 26,100,000 | 22,600,000 | 32,400,000 | 30,000,000 |
| Loss on extinguishment of debt | 0 | 0 | 4,500,000 | 14,400,000 | — | — | — | — |
| Loss on divestitures | — | — | — | 0 | 300,000 | 0 | (14,300,000) | (86,000,000) |
| Deferred income taxes | — | — | — | — | — | — | (17,300,000) | (231,100,000) |
| Unrealized (gain) loss on derivative contracts | (6,700,000) | 15,100,000 | (75,100,000) | (37,100,000) | 29,900,000 | 47,000,000 | 22,500,000 | — |
| Deferred income taxes | (7,500,000) | 3,500,000 | 9,200,000 | 4,400,000 | 63,400,000 | (63,300,000) | — | — |
| Deferred TSA income | 0 | (12,300,000) | (22,700,000) | — | — | — | — | — |
| Other, net | 14,200,000 | 8,900,000 | 6,400,000 | 4,800,000 | 7,100,000 | (500,000) | 19,200,000 | 1,900,000 |
| Changes in operating assets and liabilities, net of acquisitions and divestitures: | ||||||||
| Receivables | 28,100,000 | (15,200,000) | (8,900,000) | 99,500,000 | (36,200,000) | 80,600,000 | (29,100,000) | 103,300,000 |
| Inventories | (10,500,000) | 51,600,000 | (139,700,000) | (82,500,000) | (30,800,000) | 65,500,000 | 69,200,000 | 13,000,000 |
| Prepaid expenses and other assets | (7,400,000) | 5,300,000 | 43,600,000 | (300,000) | (33,100,000) | 7,100,000 | 38,400,000 | (18,900,000) |
| Accounts payable | 66,000,000 | (82,400,000) | (14,800,000) | 162,100,000 | 108,300,000 | (80,900,000) | — | — |
| Accrued expenses and other liabilities | — | — | — | — | — | (43,600,000) | 187,900,000 | (29,300,000) |
| Accrued expenses and other liabilities | (22,800,000) | (42,900,000) | (31,700,000) | (44,800,000) | 16,200,000 | — | — | — |
| Net cash provided by (used in) operating activities - continuing operations | 265,800,000 | 157,300,000 | (81,600,000) | 332,100,000 | 403,600,000 | 263,900,000 | 505,800,000 | 506,000,000 |
| Net cash used in operating activities - discontinued operations | 0 | 0 | (69,100,000) | (7,200,000) | 13,100,000 | 43,800,000 | — | — |
| Net cash provided by (used in) operating activities | 265,800,000 | 157,300,000 | (150,700,000) | 324,900,000 | 416,700,000 | 307,700,000 | — | — |
| Cash flows from investing activities: | ||||||||
| Additions to property, plant, and equipment | — | (137,000,000) | (87,100,000) | (100,600,000) | (90,500,000) | (122,700,000) | (173,800,000) | (159,700,000) |
| Additions to intangible assets | — | (3,800,000) | (7,700,000) | (15,300,000) | (15,200,000) | (24,100,000) | (22,400,000) | (26,100,000) |
| Capital expenditures | (139,700,000) | — | — | — | — | — | — | — |
| Proceeds from sale of fixed assets | 1,400,000 | 0 | 4,800,000 | 1,700,000 | 5,100,000 | 4,800,000 | 6,000,000 | 8,400,000 |
| Purchase of investments | — | — | — | — | — | — | — | (1,200,000) |
| Acquisitions, net of cash acquired | 0 | (100,600,000) | 0 | (5,100,000) | (256,700,000) | — | 0 | — |
| Proceeds from divestitures | — | — | 0 | 0 | 26,900,000 | 0 | 30,800,000 | 18,800,000 |
| Proceeds from sale of investments | — | 0 | 0 | 17,200,000 | — | — | — | — |
| Other | — | — | — | 0 | 0 | 2,700,000 | (1,500,000) | — |
| Net cash used in investing activities - continuing operations | (138,300,000) | (241,400,000) | (90,000,000) | (102,100,000) | (330,400,000) | (139,300,000) | (160,900,000) | (159,800,000) |
| Net cash provided by investing activities - discontinued operations | 0 | 468,100,000 | 502,000,000 | 85,300,000 | (2,000,000) | 71,200,000 | — | — |
| Net cash (used in) provided by investing activities | (138,300,000) | 226,700,000 | 412,000,000 | (16,800,000) | (332,400,000) | (68,100,000) | — | — |
| Cash flows from financing activities: | ||||||||
| Borrowings under Revolving Credit Facility | 360,300,000 | 2,935,300,000 | 855,900,000 | 194,400,000 | 100,000,000 | 194,100,000 | 108,700,000 | 676,900,000 |
| Payments under Revolving Credit Facility | (360,300,000) | (2,935,300,000) | (855,900,000) | (194,400,000) | (100,000,000) | (194,100,000) | (108,700,000) | (846,900,000) |
| Proceeds from issuance of Term Loans | — | — | — | — | — | — | 0 | — |
| Proceeds from issuance of 2022 and 2024 Notes | — | — | — | — | — | — | 0 | — |
| Repurchases of Notes | — | 0 | 0 | (602,900,000) | (375,900,000) | 0 | — | — |
| 2022 and 2024 Notes | — | — | — | — | — | — | (196,200,000) | — |
| Proceeds from refinanced Term Loans | — | — | — | — | — | 0 | 0 | 1,400,000,000 |
| Payment on other long-term debt | — | — | — | — | — | 0 | 0 | (300,000) |
| Payments on finance lease obligations and other debt | — | — | — | — | — | (1,900,000) | (1,200,000) | (2,300,000) |
| Payments on finance lease obligations | (900,000) | (600,000) | (1,100,000) | (2,000,000) | (1,800,000) | — | — | — |
| Payment of deferred financing costs | (600,000) | 0 | (2,700,000) | (8,500,000) | (8,300,000) | 0 | (2,400,000) | (4,900,000) |
| Payments on Term Loans | — | — | — | — | — | — | (56,500,000) | (1,477,300,000) |
| Net proceeds from issuance of common stock | — | — | — | — | — | — | 0 | — |
| Payments on Term Loans | — | — | — | — | (14,000,000) | (200,000,000) | — | — |
| Deferred payment from acquisition of seasoned pretzel capability | (4,000,000) | — | — | — | — | — | — | — |
| Payments on Term Loans | 0 | 0 | (514,300,000) | (1,136,700,000) | — | — | — | — |
| Proceeds from refinanced Term Loans | — | 0 | 0 | 1,430,000,000 | — | — | — | — |
| Proceeds from issuance of 2028 Notes | — | — | 0 | 0 | 500,000,000 | — | — | — |
| Payment of debt premium for extinguishment of debt | — | 0 | 0 | (9,000,000) | — | — | — | — |
| Repurchases of common stock | (149,700,000) | (100,000,000) | 0 | (25,000,000) | (25,000,000) | 0 | (54,600,000) | (28,700,000) |
| Receipts related to stock-based award activities | 0 | 0 | 400,000 | 0 | 3,200,000 | 700,000 | 4,700,000 | 12,100,000 |
| Payments related to stock-based award activities | — | — | (4,700,000) | (8,200,000) | (4,200,000) | (5,700,000) | (8,400,000) | (6,900,000) |
| Other | — | — | — | — | 0 | 0 | 3,600,000 | — |
| Payments related to stock-based award activities | (4,100,000) | (6,900,000) | — | — | — | — | — | — |
| Net cash used in financing activities - continuing operations | (159,300,000) | (107,500,000) | (522,400,000) | (362,300,000) | 74,000,000 | (206,900,000) | (311,000,000) | (278,300,000) |
| Net cash used in financing activities - discontinued operations | 0 | 0 | (300,000) | 0 | 0 | 0 | — | — |
| Net cash used in financing activities | (159,300,000) | (107,500,000) | (522,700,000) | (362,300,000) | 74,000,000 | (206,900,000) | — | — |
| Effect of exchange rate changes on cash and cash equivalents | — | — | — | — | 4,000,000 | 5,300,000 | (2,400,000) | 2,800,000 |
| Net increase in cash and cash equivalents | — | — | — | — | — | 38,000,000 | (31,500,000) | (70,700,000) |
| Cash and cash equivalents, beginning of year | — | — | — | — | 202,300,000 | 164,300,000 | 132,800,000 | 62,100,000 |
| Cash and cash equivalents, end of year | — | — | — | — | — | 202,300,000 | 164,300,000 | 132,800,000 |
| Effect of exchange rate changes on cash and cash equivalents | 1,100,000 | 800,000 | (4,200,000) | (1,800,000) | — | — | — | — |
| Net (decrease) increase in cash and cash equivalents | (30,700,000) | 277,300,000 | (265,600,000) | (56,000,000) | 162,300,000 | — | — | — |
| Add: Cash and cash equivalents of discontinued operations, beginning of period | 0 | 0 | 4,100,000 | — | — | — | — | — |
| Cash and cash equivalents, beginning of year | 320,300,000 | 43,000,000 | 304,500,000 | 364,600,000 | 202,300,000 | 164,300,000 | — | — |
| Cash and cash equivalents, end of year | 289,600,000 | 320,300,000 | 43,000,000 | 308,600,000 | 364,600,000 | — | — | — |
| Supplemental cash flow disclosures: | ||||||||
| Interest paid | — | — | — | — | — | — | 118,200,000 | 115,400,000 |
| Interest paid | 85,200,000 | 93,700,000 | 68,100,000 | 65,000,000 | 84,300,000 | 110,200,000 | — | — |
| Net income taxes paid (refunded) | 10,200,000 | 19,300,000 | (3,000,000) | (14,300,000) | (61,700,000) | (7,300,000) | (7,000,000) | 12,400,000 |
| Non-cash investing and financing activities: | ||||||||
| Accrued purchase of property and equipment | — | — | — | 37,300,000 | 36,500,000 | 28,800,000 | 19,800,000 | 19,300,000 |
| Capital expenditures incurred but not yet paid | 17,500,000 | 17,100,000 | 20,300,000 | — | — | — | — | — |
| Accrued other intangible assets | — | 300,000 | 1,100,000 | 2,300,000 | 3,800,000 | 3,200,000 | 6,100,000 | 3,200,000 |
| Right-of-use assets obtained in exchange for lease obligations | 4,500,000 | 45,100,000 | 86,800,000 | 39,500,000 | 24,400,000 | 13,100,000 | — | — |
| Accrued deferred financing costs | 100,000 | — | — | — | — | — | — | — |
| Note receivable issued in exchange for the sale of business net assets | 0 | 0 | 425,900,000 | — | — | — | — | — |
| Note receivable increase from paid in kind interest | 0 | 3,200,000 | 1,100,000 | — | — | — | — | — |
| Note receivable purchase price adjustment reduction | 0 | (5,100,000) | — | — | — | — | — | — |
| Deferred payment from acquisition of seasoned pretzel capability | 0 | 4,000,000 | — | — | — | — | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.