ABM INDUSTRIES INC ABM Cash Flow

Abm industries inc (ABM)

CashFlow / Quarterly

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Oct'10	Jul'10	Apr'10	Jan'10
Cash flows from operating activities
Net income
28,000	48,000	36,700	29,700	13,000	9,700	33,700	26,600	27,800	-3,600	32,900	31,300	-56,800	7,800	31,000	4,400	14,000	38,800	1,500	18,300	17,700	27,900	19,400	15,200	13,100	24,200	16,000	19,318	13,382	27,663	12,577	11,712	10,630	18,048	27,875	14,191	8,390	21,806	20,963	8,577	12,775
(Income) loss from discontinued operations, net of taxes
100	-100	200	-100	-100	800	-100	1,200	-100	-1,100	0	-300	-72,900	-1,200	-1,900	-2,400	400	16,200	300	2,300	3,400	-	-	-	-	-	-	-	-	-42	-49	-35	-10	-254	84	-9	-15	368	-10	-46	-61
Income from continuing operations
27,900	48,100	36,500	29,900	13,000	8,800	33,800	25,300	28,000	-2,500	32,900	31,600	16,100	9,000	32,900	6,800	13,600	22,600	1,200	16,000	14,300	-	-	-	-	-	-	-	-	27,705	12,626	11,747	10,640	18,182	27,911	14,200	8,405	21,438	20,973	8,623	12,836
Adjustments to reconcile income from continuing operations to net cash used in operating activities of continuing operations
Depreciation and amortization
24,400	26,000	27,500	27,200	26,700	26,400	28,600	28,500	29,000	26,700	14,900	14,500	14,000	14,400	13,900	14,900	14,300	14,400	14,700	14,100	13,800	14,000	14,000	14,100	14,300	13,590	15,100	15,811	15,889	12,338	12,756	12,829	12,974	13,648	13,104	13,232	12,674	10,243	9,028	8,551	8,493
Deferred income taxes
-1,000	13,500	600	4,300	-8,700	-4,200	3,800	7,000	-30,300	-15,000	-800	-200	9,900	-5,800	-5,900	16,100	-8,100	7,900	-5,800	6,300	-300	1,500	-900	1,400	200	13,876	-3,100	1,562	138	10,193	832	-4,193	2,940	10,267	7,955	3,913	2,092	7,785	4,416	585	4,868
Share-based compensation expense
4,900	3,900	4,800	4,300	4,500	3,900	4,800	4,500	3,800	3,000	3,000	3,700	3,600	2,300	4,300	3,400	4,000	4,100	2,300	4,200	3,600	3,800	4,200	3,900	3,900	3,482	3,500	3,168	3,132	2,933	1,867	2,647	2,789	2,502	2,089	2,426	2,174	1,958	-1,497	1,650	1,960
Provision for bad debt
2,400	1,700	2,600	-600	3,000	1,900	600	1,300	2,600	1,400	700	1,600	400	1,400	1,700	7,700	2,100	2,500	200	-1,200	1,200	700	900	200	1,100	536	400	584	1,316	890	113	944	604	300	1,670	297	875	175	892	963	606
Discount accretion on insurance claims
0	200	200	200	200	200	200	200	200	100	0	0	100	100	100	0	100	100	100	0	100	100	100	100	100	104	100	174	126	179	176	180	180	219	219	216	220	228	228	228	228
Loss on sale of assets
-300	500	200	-100	0	0	-100	-500	100	300	2,300	0	100	100	0	0	100	-2,300	200	1,500	700	300	800	0	100	-90	200	107	-7	717	69	774	455	40	8	130	-28	16	1,074	-123	92
Income from unconsolidated affiliates
900	600	700	800	900	700	900	1,100	500	600	1,300	900	1,400	2,300	2,000	900	2,400	2,700	2,600	2,200	1,500	2,200	1,600	1,200	1,500	2,419	1,600	1,105	1,195	1,015	747	1,501	3,132	1,130	1,166	832	787	-	-	-	-
Distributions from unconsolidated affiliates
0	1,800	100	1,800	1,700	1,800	0	100	0	0	4,900	0	800	1,800	1,900	1,900	2,600	1,100	800	1,600	3,000	2,100	1,100	1,600	800	959	300	1,019	681	1,219	272	1,348	2,963	1,554	247	581	157	-	-	-	-
Changes in operating assets and liabilities
Trade accounts receivable and costs incurred in excess of amounts billed
-3,000	-42,300	30,600	21,800	68,200	-28,600	41,300	-13,000	-15,700	46,200	22,200	-18,100	65,400	54,200	39,100	-33,300	20,900	27,100	17,300	-16,800	28,300	-18,500	26,400	-12,700	44,200	8,863	19,900	-3,378	25,378	-15,683	13,637	-8,768	22,173	-12,377	10,544	-16,844	37,109	-8,002	6,988	-33,238	32,276
Prepaid expenses and other current assets
8,500	-2,900	3,800	4,100	8,200	-9,500	7,500	1,000	-1,400	-8,500	12,200	300	2,400	-4,200	7,600	-10,100	6,700	-1,200	1,200	-3,400	4,800	-1,700	2,900	-2,500	6,300	-660	1,300	588	-3,188	1,427	6,423	-1,311	7,649	-7,479	5,282	3,123	6,860	1,830	1,181	-473	-2,241
Right-of-use assets
-4,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other noncurrent assets
1,600	2,200	-13,200	6,500	0	3,200	-13,200	-3,000	1,700	-700	1,900	-1,100	7,500	10,000	19,100	-900	1,300	-1,500	-300	-1,200	1,300	-4,800	2,300	-11,900	-1,200	-1,495	1,600	-1,252	-3,748	-1,600	-138	-927	-6,725	3,210	-5,513	-1,836	-1,823	-4,112	1,847	-430	-1,161
Insurance recoverables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-596	4,700	70	30	-849	-5,346	42	43	-	-	-	-	5,381	0	0	-1,400
Trade accounts payable and other accrued liabilities
-88,900	49,100	13,900	55,300	-32,500	-10,500	46,200	-4,000	-33,200	58,800	14,500	-17,000	18,100	5,700	20,400	4,800	-15,500	16,600	34,100	6,000	-12,400	-8,800	20,400	16,800	-24,700	9,794	24,000	7,549	-24,249	12,960	9,560	-1,420	-1,346	10,833	12,336	-17,140	19,914	11,247	5,315	-7,456	-16,505
Long-term lease liabilities
-4,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retirement plans and other noncurrent liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-738	-1,400	-2,484	-516	535	-1,806	-396	83	-2,000	1,056	-2,143	-998	551	187	-127	-928
Insurance claims
-1,000	-4,100	-10,100	7,000	11,100	1,200	3,000	3,900	5,800	1,000	16,900	7,300	8,300	1,100	25,200	2,000	5,300	-4,000	47,400	-100	-5,900	-2,900	-4,700	-700	-400	-2,391	8,800	-3,218	718	-8,222	2,923	3,661	3,326	82	-9,285	1,140	-3,887	2,759	-1,598	-910	-498
Income taxes payable
7,600	-10,500	200	400	13,100	5,700	-7,600	-8,300	10,900	-14,800	-12,800	16,100	-11,000	20,500	-8,400	-16,300	4,700	2,900	-9,300	-900	-6,900	5,300	-100	-1,400	4,500	-3,958	12,100	3,044	-2,444	-8,913	3,851	6,241	3,363	2,998	-1,134	995	1,537	6,516	8,365	3,462	4,286
Other noncurrent liabilities
-2,800	-22,700	3,300	-900	5,900	-2,700	-2,700	-500	2,200	-1,600	-800	1,600	6,800	-800	3,400	900	1,700	-2,800	300	2,900	-600	1,100	-1,100	-500	-900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total adjustments
-62,300	100,700	21,000	65,900	-52,300	84,400	40,500	73,000	5,800	21,600	-400	28,200	-25,800	800	-11,200	78,800	-20,200	18,000	63,800	50,600	-41,000	39,400	-100	61,400	-52,000	26,813	30,500	29,969	-24,869	39,085	15,152	30,843	1,149	56,066	23,117	17,066	-8,147	46,349	14,246	41,337	-25,056
Net cash used in operating activities of continuing operations
-34,500	148,800	57,500	95,800	-39,300	93,300	74,200	98,400	33,800	19,100	32,500	59,800	-9,700	9,800	21,700	85,600	-6,600	40,600	65,000	66,600	-26,700	-	-	-	-	-	-	-	-	66,790	27,778	42,590	11,789	74,248	51,028	31,266	258	67,787	35,219	49,960	-12,220
Net cash provided by (used in) operating activities of discontinued operations
200	-100	200	-100	-100	20,200	-100	1,200	-100	-38,900	-55,200	-600	-1,400	-1,400	-3,100	700	-23,200	4,400	-2,600	4,800	-5,700	-	-	-	-	-	-	-	-	42	480	941	202	905	632	614	1,039	1,787	748	3,276	3,307
Net cash used in operating activities
-34,300	148,700	57,700	95,600	-39,300	113,500	74,100	99,600	33,700	-19,700	-22,800	59,200	-11,100	8,400	18,600	86,300	-29,800	45,000	62,400	71,400	-32,400	64,200	19,300	76,600	-38,900	51,013	46,500	49,287	-11,487	66,832	28,258	43,531	11,991	75,153	51,660	31,880	1,297	69,574	35,967	53,236	-8,913
Cash flows from investing activities
Additions to property, plant and equipment
11,500	15,200	16,900	15,900	11,600	13,600	15,200	11,500	10,600	15,000	14,400	16,800	11,000	16,600	11,700	8,900	6,800	5,600	7,100	7,400	6,400	8,900	9,200	9,500	9,800	11,193	11,000	6,310	4,090	4,287	6,890	4,949	11,926	5,577	6,449	4,885	5,213	4,725	6,979	4,859	7,379
Proceeds from sale of assets
4,200	1,000	-100	200	200	1,600	500	-100	300	2,600	1,000	-100	500	2,700	200	200	200	800	300	1,600	2,600	1,400	1,100	1,000	100	14	700	397	103	1,992	392	1,111	682	497	71	310	34	-982	1,407	44	1,043
(Adjustments to) and proceeds from sale of business
-	-	-	-	-	0	100	-100	1,900	0	-35,500	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of businesses, net of cash acquired
-	-	-	-	-	-	-	-	2,400	835,000	0	0	18,600	15,000	0	0	81,000	0	15,000	4,400	-200	35,800	300	11,900	200	8,026	-700	4,163	187,837	-	-	-	-	507	-1,700	0	292,178	34,221	30,621	0	588
Proceeds from redemption of auction rate security
5,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in unconsolidated affiliates
-	-	-	-	-	-200	0	0	600	400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-740	162	163	630	-	-	-	-
Net cash used in investing activities
-2,300	-14,200	-17,000	-15,700	-11,400	-11,800	-11,900	-9,100	-15,300	-847,900	22,100	-16,900	-29,100	-28,900	-11,500	-6,800	-87,600	126,300	-22,000	-10,300	-3,600	-42,800	-8,400	-21,300	-9,500	-19,288	-9,700	-5,076	-191,824	-2,618	-12,138	-3,838	-11,244	-4,847	-4,840	262	-297,987	-39,928	-36,193	-4,815	-6,924
Cash flows from financing activities
Taxes withheld from issuance of share-based compensation awards, net
-2,400	-2,000	1,400	1,600	-2,300	-700	400	1,300	-2,000	-	-	-	1,000	-400	3,100	1,200	1,400	-1,100	3,000	8,600	4,900	2,700	2,500	2,500	2,300	3,497	7,800	1,255	745	2,441	1,958	5,856	2,241	189	1,788	2,000	5,731	5,210	3,121	1,794	1,251
Proceeds from issuance of share-based compensation awards, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	500	600	500	900	300	100	5,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchases of common stock
-	-	-	-	-	-	-	-	-	0	0	0	7,900	15,400	9,700	10,200	11,300	11,400	12,100	7,900	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid
12,300	11,900	12,000	11,900	11,900	11,500	11,500	11,500	11,500	11,100	9,500	9,500	9,400	9,200	9,200	9,300	9,200	9,000	9,100	9,000	8,900	8,700	8,600	8,700	8,600	8,573	8,200	46	16,054	7,884	7,846	7,833	7,746	7,466	7,444	7,436	7,398	7,101	7,037	7,022	6,992
Deferred financing costs paid
-	-	-	-	-	0	0	0	100	18,700	0	0	0	0	0	0	100	600	0	0	300	0	0	0	1,200	-	0	0	0	0	0	0	14	30	0	0	4,991	-	-	-	-
Borrowings from credit facility
425,000	536,000	554,100	308,200	357,600	297,200	418,500	164,200	304,300	1,209,100	229,100	234,500	207,400	273,000	242,700	237,000	299,600	229,000	272,000	230,600	226,700	294,000	261,000	244,900	289,200	238,000	173,000	170,000	425,000	169,000	200,000	192,000	212,000	145,000	179,000	131,000	430,500	149,500	69,500	98,000	131,000
Repayment of borrowings from credit facility
368,600	659,700	583,000	344,200	309,600	384,300	501,100	238,000	303,000	282,600	242,300	262,600	169,700	229,000	227,300	314,800	170,900	376,100	273,900	286,100	184,000	285,900	276,500	284,800	237,000	271,630	208,500	209,000	217,000	206,000	214,000	219,000	219,000	210,000	210,000	165,000	141,000	159,000	64,500	125,000	131,500
Changes in book cash overdrafts
6,400	-3,600	7,500	-11,300	7,200	-9,600	5,900	-3,600	-1,200	-10,700	9,300	12,100	5,100	-1,100	-3,000	-3,200	8,000	-2,000	600	-5,900	0	1,600	3,500	-4,800	6,300	1,568	900	-4,109	4,609	-	-	-	2,955	-	6,160	-781	5,767	-11,711	11,101	-16,427	9,102
Financing of energy savings performance contracts
1,100	3,200	1,500	1,700	1,700	1,900	3,500	0	0	0	4,200	0	2,600	7,300	4,800	6,000	4,500	5,200	0	0	0	-	-	-	-	-607	-1,000	-878	-1,022	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of finance leases
800	400	900	1,000	800	1,000	600	900	800	600	200	0	100	200	400	300	300	500	600	700	600	2,600	900	900	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
48,400	-138,400	-31,400	-57,000	42,000	-108,100	-85,000	-88,400	-14,300	882,700	-8,200	-27,500	27,000	23,500	500	-90,800	119,400	-165,900	-19,600	-69,500	38,100	-8,800	-24,000	-51,800	50,000	-37,745	-36,000	-42,778	196,278	-42,405	-19,881	-31,932	-9,564	-83,453	-30,496	-40,217	288,609	-23,102	12,185	-48,655	2,861
Effect of exchange rate changes on cash and cash equivalents
-400	1,900	-2,500	100	300	-500	-1,000	-900	1,700	0	900	100	500	-1,100	-1,700	1,100	-1,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents
11,400	-2,100	6,900	23,100	-8,500	-6,900	-23,700	1,100	5,800	15,100	-8,000	14,900	-12,700	1,900	5,900	-10,200	400	4,300	20,800	-8,400	2,100	12,100	-13,100	3,500	1,600	-6,020	800	1,433	-7,033	21,809	-3,761	7,761	-8,817	-13,147	16,324	-8,075	-8,081	6,544	11,959	-234	-12,976
Change in cash related to assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-700	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental cash flow information
Income tax payments (refunds), net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,617	3,692	4,138	1,098	1,813	3,044	4,106	688	-331	298	1,168	-1,243
Interest paid on credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,192	1,224	1,323	1,592	2,234	2,411	2,529	2,881	871	724	824	979
Tax effect from exercise of options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	295	971	-277	57	362	241
Cash received from exercise of options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,957	5,853	2,241	-	1,688	1,705	4,760	5,487	3,064	1,432	1,010