Atlas Air Worldwide Holdings, Inc. AAWW Cash Flow

Atlas air worldwide holdings, inc. (AAWW)

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	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Operating Activities:
Income (loss) from continuing operations, net of taxes
-	-	-	-	-	211,004	71,138	-21,123	9,628	209,454	-24,195	39,044	35	28,736	-7,501	20,919	471	-	-	-	-	-	-	-	7,944	-	23,741	20,060	20,078	52,382	33,858	30,852	12,835	33,513	28,206	23,848	10,516
Less: Loss from discontinued operations, net of taxes
-	-	-	-	-	-30	-7	-27	-16	-6	32	-104	-787	-319	-445	-345	0	-	-	-	-	-	-	-	-3,918	-	981	903	25	621	717	344	-1,895	-480	136	624	-54
Net Income (Loss)
23,353	-410,245	59,974	86,868	-29,710	210,974	71,131	-21,150	9,612	209,448	-24,163	38,940	-752	28,417	-7,946	20,574	471	-37,582	-12,754	28,390	29,232	41,644	27,576	28,981	4,026	28,201	24,722	20,963	20,103	53,003	34,575	31,196	10,940	33,033	28,342	24,472	10,462
Adjustments to reconcile Net Income (Loss) to net cash provided by operating activities:
Depreciation and amortization
74,352	75,537	83,464	78,832	78,988	75,871	68,076	61,810	59,796	55,421	51,200	47,625	43,217	44,523	42,380	42,001	39,817	36,732	37,609	36,888	36,375	36,831	34,298	34,794	32,401	28,347	27,950	24,311	21,063	20,685	19,062	16,042	16,405	14,402	12,038	10,691	10,182
Accretion of debt securities discount
2	7	445	-335	127	169	207	242	270	280	288	297	307	309	318	318	332	335	556	1,858	1,902	1,925	1,941	2,008	2,073	2,131	2,167	2,264	2,327	2,106	2,081	2,206	2,167	2,133	2,096	2,064	2,048
Provision for expected credit losses
-73	124	-87	-30	34	-28	-1,139	-1,885	3,064	-106	170	-301	435	241	-54	100	221	110	15	220	-174	223	188	149	83	-39	200	84	-67	-60	260	-72	709	352	-62	20	25
Loss on early extinguishment of debt
0	0	-559	0	-245	0	0	0	0	-	-	-	-	0	0	0	-132	-2,999	-66,729	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Special charge, net of cash payments
-	-	-	-	-	-	-	-	-	-	-	-	-	3,509	0	0	6,631	9,762	7,304	-147	-568	5,529	-687	-858	8,029	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized (gain) loss on financial instruments
924	-3,791	83,175	42,300	-46,575	134,805	46,080	-50,031	-7,740	-48,758	44,775	-13,763	5,213	27,901	1,462	-26,475	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposal of aircraft
6,717	-	-	-	0	-	-	-	-	95	-211	93	54	0	11	0	0	-7	-208	-114	-1,209	0	0	-14,679	0	-272	-501	399	23	0	1,058	1,163	196	-100	163	181	120
Special charge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Deferred taxes
7,352	-112,001	-8,430	-64,873	4,751	26,127	-108	12,845	3,716	-102,436	10,106	10,582	418	26,587	13,127	7,375	292	-32,315	-13,356	12,744	7,029	-2,432	11,216	-24,052	2,554	12,345	11,059	9,300	-9,848	30,019	19,474	19,292	6,580	66,734	11,058	1,139	2,685
Stock-based compensation
3,860	8,636	6,528	4,404	5,621	4,929	4,749	4,781	5,846	5,289	6,451	6,367	4,212	4,805	16,958	5,506	5,455	1,700	4,644	4,552	5,285	3,837	3,964	3,898	1,907	4,514	4,310	4,222	3,644	5,959	3,249	4,390	4,604	3,031	2,957	2,792	3,748
Changes in:
Accounts receivable
-16,515	23,921	-1,371	9,660	-9,686	14,980	31,359	24,285	3,414	21,197	6,800	13,338	-8,134	9,793	6,587	-9,483	-29,871	-6,936	15,055	953	-11,088	-6,077	3,899	8,663	14,585	12,847	5,026	-18,428	6,584	24,883	-5,347	826	4,855	8,341	492	4,086	-5
Prepaid expenses, current assets and other assets
5,476	-2,411	45,419	-18,474	42,309	22,598	23,668	9,829	986	13,998	17,276	5,731	30,336	10,168	3,905	4,807	10,575	1,806	-14,395	-11,531	949	13,326	-9,318	-20,563	-7,050	12,686	-3,016	-2,251	-7,227	-9,222	-31,701	-3,793	-3,497	28,502	6,276	6,349	9,176
Deposits and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,375	11,327	-6,724	-	-2,353	334	-815	15,712	-2,649	10,713	2,251	9,232	8,368	-504	4,758
Accounts payable and accrued liabilities
-40,393	-58,823	51,092	-20,091	-19,985	16,136	46,817	25,336	-15,979	28,153	17,746	24,162	-11,526	15,625	-1,506	-25,634	-52,544	120,830	5,569	-11,032	4,023	22,181	-17,256	9,702	-4,848	35,216	7,020	-5,314	20,386	-18,124	-2,053	7,975	-15,178	-50,565	8,034	32,600	3,123
Net cash provided by operating activities
71,847	107,054	84,293	55,228	53,769	161,457	88,212	106,786	69,125	136,613	82,299	94,153	18,654	131,338	53,600	27,805	19,439	107,038	94,752	80,449	90,648	104,617	61,402	65,858	41,268	97,000	78,462	72,242	54,389	58,294	111,268	67,850	18,088	24,320	44,972	59,538	14,128
Investing Activities:
Capital expenditures
8,291	25,960	30,840	46,170	30,584	29,596	30,028	28,700	26,091	21,160	21,158	23,564	21,673	9,845	9,633	16,557	10,682	11,205	11,718	11,732	10,385	7,411	6,856	6,558	4,095	4,671	5,369	8,943	10,548	4,534	8,289	7,717	10,726	16,536	12,062	4,538	4,238
Payments for flight equipment and modifications
26,000	60,530	54,545	41,829	57,332	56,059	94,954	211,852	236,536	119,940	111,712	107,915	118,897	79,900	50,880	101,983	84,230	149,546	14,661	47,916	14,925	16,617	8,710	15,333	478,739	-	-	107,092	235,492	208,276	151,017	118,541	42,936	579,747	63,738	113,490	7,293
Proceeds from insurance
0	0	0	0	38,133	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	9,109	3,300	0	0	0	-	-	-	-
Changes in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,646	703	747	-	348	678	6,046	605	5,886	0	0	-	-	-	-	-	-	-	-
Investment in debt securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,479	0	0	1,179	-	-	0	0
Proceeds from investments
881	1,257	5,054	4,352	4,961	4,143	4,062	3,961	1,438	1,215	1,306	1,310	631	2,871	1,331	2,557	4,955	3,550	74,358	1,192	1,202	842	826	1,277	783	897	250	1,996	2,426	0	427	1,255	2,660	1,503	1,194	2,305	1,163
Proceeds from disposal of aircraft
44,100	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from disposal of aircraft
-	-	-	-	-	-	-	-	-	-	-	10	137	-	-	0	0	275	541	280	24,345	0	0	0	0	530	2,150	1,700	400	500	200	2,100	415	315	395	605	165
Net cash provided by (used for) investing activities
10,700	-76,961	-80,331	-83,647	-44,822	-82,562	-120,920	-236,591	-261,189	-139,885	-131,711	-130,159	-139,802	-84,768	-59,182	-223,481	-89,957	-160,122	53,166	-58,879	-510	-16,114	-15,088	-21,292	-488,097	-15,286	-228,250	-112,339	-234,105	-214,489	-158,679	-122,903	-51,766	-474,213	-194,463	-115,118	-10,203
Financing Activities:
Proceeds from debt issuance
164,000	22,269	74,000	0	19,723	71,154	95,412	285,702	19,357	172,703	12,540	435,325	0	18,702	0	70,000	14,790	343,533	0	224,500	0	0	0	0	572,552	0	198,676	285,960	224,848	571,932	311,407	292,526	35,695	240,000	120,250	0	0
Payment of debt issuance costs
2,386	1,088	361	0	955	2,990	1,851	3,971	810	3,518	823	10,233	90	2,956	4	857	217	7,705	-8	6,812	0	0	30	113	16,974	87	6,586	12,739	357	9,333	14,804	8,408	1,596	4,956	2,024	0	0
Payments of debt and finance lease obligations
193,644	71,532	113,051	69,184	90,907	69,293	65,528	58,375	56,819	53,801	59,891	46,302	47,099	43,310	44,635	40,542	50,666	234,436	235,437	48,205	50,845	49,001	51,528	49,334	151,687	41,075	126,451	174,070	70,575	315,395	166,412	162,508	18,312	15,328	13,808	60,438	12,997
Proceeds from revolving credit facility
75,000	50,000	0	50,000	0	0	0	60,000	75,000	0	0	0	150,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer maintenance reserves and deposits received
2,586	3,019	3,678	3,895	4,144	4,070	3,351	4,075	4,094	3,778	3,944	3,225	14,837	3,933	3,985	3,640	3,547	3,898	3,549	4,572	4,129	4,605	4,193	4,581	4,176	-	-	-	-	-	-	-	-	-	-	-	-
Customer maintenance reserves paid
2,080	-	-	-	0	-	-	-	-	0	12,154	0	6,384	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from stock option exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,141	52	69	0	0	0	-21,886	-7,624	-490	30,000	-	-	-	-	0	304	1,174	3,255
Purchase of treasury stock
3,834	34	109	38	9,189	0	450	101	10,218	306	671	206	9,430	204	6,816	143	4,112	129	20,079	196	6,118	17	15,102	1,957	2,420	30	7,693	49,020	24,233	33	69	61	3,188	53	72	64	9,062
Excess tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-53	275	10	158	-33	0	139	449	8	1,973	-991	-982	-385	385	-116	581	1	6	-73	617	-11	182	145	2,801
Net cash provided by (used for) financing activities
39,642	2,634	-44,017	-15,327	-77,184	-72,309	30,934	227,330	30,604	118,856	-57,055	199,817	101,834	-23,888	-47,195	32,108	-36,500	101,039	-285,973	156,774	-52,333	-44,336	-60,494	-47,814	404,665	-40,865	74,980	65,561	100,264	250,169	130,128	121,476	13,216	219,652	104,832	-59,183	-16,003
Net increase (decrease) in cash, cash equivalents and restricted cash
122,189	32,727	-40,055	-43,746	-68,237	6,586	-1,774	97,525	-161,460	115,584	-106,467	163,811	-19,314	22,682	-52,777	-163,568	-107,018	47,955	-138,055	178,344	37,805	44,167	-14,180	-3,248	-42,164	40,849	-74,808	25,464	-79,452	93,974	82,717	66,423	-20,462	-230,241	-44,659	-114,763	-12,078
Noncash Investing and Financing Activities:
Acquisition of flight equipment included in Accounts payable and accrued liabilities
16,368	-18,220	3,614	44,244	7,752	-19,328	-24,118	5,098	61,846	6,998	-13,934	27,653	48,015	-4,165	3,062	3,389	12,059	14,973	11,381	6,940	0	0	0	-12,494	41,581	21,823	0	0	0	-	-	-	-	-	-	-	-
Acquisition of property and equipment acquired under operating leases
670	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer maintenance reserves settled with sale of aircraft
6,497	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of flight equipment under finance lease
-	-	-	-	-	-	-	-	-	-1,961	0	0	32,380	150	10,650	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-