Component: (Network and Table)
Network
00500 - Statement - Consolidated Statements of Cash Flows
(http://www.wattswater.com/role/StatementConsolidatedStatementsOfCashFlows)
Table(Implied)
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis]0000795403 (http://www.sec.gov/CIK)
Consolidated Statements of Cash FlowsPeriod [Axis]
2016-01-01 - 2016-12-31
2015-01-01 - 2015-12-31
2014-01-01 - 2014-12-31
Consolidated Statements of Cash Flows
 
 
 
OPERATING ACTIVITIES
 
 
 
Net income (loss)
84,200,000  
(112,900,000) 
50,300,000  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
 
 
 
Depreciation
30,400,000  
31,600,000  
32,900,000  
Amortization of intangibles
20,800,000  
20,900,000  
15,200,000  
Loss on disposal and impairment of goodwill, property, plant and equipment and other
3,700,000  
132,400,000  
15,300,000  
Gain on disposition
(8,600,000) 
  
Gain on acquisition
(1,700,000) 
  
Stock-based compensation
13,400,000  
10,900,000  
8,600,000  
Deferred income tax
3,500,000  
(20,500,000) 
(2,700,000) 
Defined benefit plans settlement
 
59,700,000  
 
Changes in operating assets and liabilities, net of effects from business acquisitions and divestures:
 
 
 
Accounts receivable
(7,100,000) 
13,000,000  
9,600,000  
Inventories
9,800,000  
21,200,000  
21,400,000  
Prepaid expenses and other assets
4,900,000  
(17,800,000) 
10,900,000  
Accounts payable, accrued expenses and other liabilities
(15,200,000) 
(29,100,000) 
(26,300,000) 
Net cash provided by operating activities
138,100,000  
 
109,400,000  
 
135,200,000  
 
INVESTING ACTIVITIES
 
 
 
Additions to property, plant and equipment
(36,000,000) 
(27,700,000) 
(23,700,000) 
Proceeds from the sale of property, plant and equipment
100,000  
100,000  
400,000  
Net proceeds from the sale of asset, and other
9,900,000  
30,700,000  
 
Business acquisitions, net of cash acquired
(88,000,000) 
(20,400,000) 
(272,200,000) 
Net cash used in investing activities
(114,000,000) 
 
(17,300,000) 
 
(295,500,000) 
 
FINANCING ACTIVITIES
 
 
 
Proceeds from long-term borrowings
688,800,000  
 
275,000,000  
Payments of long-term debt
(614,400,000) 
(2,000,000) 
(2,300,000) 
Payment of capital leases and other
(1,900,000) 
(4,000,000) 
(3,600,000) 
Proceeds from share transactions under employee stock plans
8,200,000  
2,500,000  
11,800,000  
Tax benefit of stock awards exercised
400,000  
300,000  
2,000,000  
Payments to repurchase common stock
(26,800,000) 
(44,600,000) 
(39,600,000) 
Debt issuance costs
(2,100,000) 
 
(2,000,000) 
Dividends
(24,500,000) 
(23,100,000) 
(20,500,000) 
Net cash provided by (used in) financing activities
27,700,000  
 
(70,900,000) 
 
220,800,000  
 
Effect of exchange rate changes on cash and cash equivalents
(9,600,000) 
(26,100,000) 
(27,300,000) 
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
42,200,000  
 
(4,900,000) 
 
33,200,000  
 
Cash and cash equivalents at beginning of year
296,200,000  
301,100,000  
267,900,000  
CASH AND CASH EQUIVALENTS AT END OF PERIOD
338,400,000  
 
296,200,000  
 
301,100,000  
 
NON CASH INVESTING AND FINANCING ACTIVITIES
 
 
 
Acquisition of businesses:
 
 
 
Fair value of assets acquired
112,600,000  
29,800,000  
333,000,000  
Cash paid, net of cash acquired
88,000,000  
20,400,000  
272,200,000  
Gain on fair value of acquisition
1,700,000  
  
Liabilities assumed
22,900,000  
9,400,000  
60,800,000  
Acquisitions of fixed assets under financing agreement
 
200,000  
 
Issuance of stock under management stock purchase plan
700,000  
300,000  
400,000  
CASH PAID FOR:
 
 
 
Interest
20,200,000  
23,100,000  
18,300,000  
Income taxes
33,500,000  
24,500,000  
30,500,000