| Sep'19 | Sep'18 | Sep'17 | Sep'16 | Sep'15 | ||
|---|---|---|---|---|---|---|
Operating Activities | ||||||
Net income (loss) attributable to Adient | ||||||
-491,000 | -1,685,000 | 877,000 | -1,546,000 | 460,000 | ||
Income attributable to noncontrolling interests | ||||||
83,000 | 84,000 | 85,000 | 84,000 | 66,000 | ||
Net income (loss) | ||||||
-408,000 | -1,601,000 | 962,000 | -1,462,000 | 526,000 | ||
Adjustments to reconcile net income (loss) to cash provided (used) by operating activities: | ||||||
Depreciation | ||||||
278,000 | 400,000 | 337,000 | 327,000 | 329,000 | ||
Amortization of intangibles | ||||||
40,000 | 47,000 | 21,000 | 17,000 | 18,000 | ||
Pension and postretirement benefit expense (benefit) | ||||||
53,000 | -36,000 | -41,000 | 113,000 | 15,000 | ||
Pension and postretirement contributions, net | ||||||
19,000 | -11,000 | 38,000 | 35,000 | 25,000 | ||
Equity in earnings of partially-owned affiliates, net of dividends received (includes purchase accounting amortization of $1 and $0, respectively) | ||||||
55,000 | 55,000 | 91,000 | 145,000 | 87,000 | ||
Impairment of nonconsolidated partially-owned affiliate | ||||||
0 | 358,000 | 0 | 0 | - | ||
Gain on previously-held interest | ||||||
0 | 0 | 151,000 | 0 | 0 | ||
Deferred income taxes | ||||||
288,000 | 344,000 | -52,000 | -572,000 | -51,000 | ||
Non-cash restructuring and impairment charges | ||||||
78,000 | 1,134,000 | 0 | 87,000 | 27,000 | ||
Loss (gain) on divestitures - net | ||||||
- | - | - | - | 137,000 | ||
Equity-based compensation | ||||||
20,000 | 47,000 | 45,000 | 28,000 | 16,000 | ||
Other | ||||||
-23,000 | -11,000 | 6,000 | 11,000 | 2,000 | ||
Changes in assets and liabilities: | ||||||
Receivables | ||||||
-131,000 | -73,000 | -30,000 | -83,000 | 249,000 | ||
Inventories | ||||||
-8,000 | 106,000 | 10,000 | -49,000 | 63,000 | ||
Other assets | ||||||
-150,000 | -46,000 | -13,000 | -22,000 | 111,000 | ||
Increase (Decrease) in Restructuring Reserve | ||||||
-108,000 | -135,000 | -179,000 | 73,000 | 56,000 | ||
Accounts payable and accrued liabilities | ||||||
-191,000 | 143,000 | -113,000 | 57,000 | 8,000 | ||
Accrued income taxes | ||||||
20,000 | -2,000 | 19,000 | 335,000 | 127,000 | ||
Cash provided (used) by operating activities | ||||||
308,000 | 679,000 | 746,000 | -1,034,000 | 397,000 | ||
Investing Activities | ||||||
Capital expenditures | ||||||
468,000 | 536,000 | 577,000 | 437,000 | 478,000 | ||
Sale of property, plant and equipment | ||||||
68,000 | 53,000 | 44,000 | 16,000 | 24,000 | ||
Changes in long-term investments | ||||||
-3,000 | 4,000 | 11,000 | 24,000 | 44,000 | ||
Settlement of cross-currency interest rate swaps | ||||||
10,000 | 0 | 0 | - | - | ||
Acquisition of businesses, net of cash acquired | ||||||
0 | 0 | 247,000 | 0 | 18,000 | ||
Business divestitures | ||||||
- | - | - | 18,000 | 0 | ||
Other | ||||||
-4,000 | 0 | 4,000 | -2,000 | -27,000 | ||
Cash provided (used) by investing activities | ||||||
-383,000 | -487,000 | -795,000 | -425,000 | -489,000 | ||
Financing Activities | ||||||
Net transfers from (to) Parent prior to separation | ||||||
0 | 0 | 606,000 | 117,000 | 239,000 | ||
Cash transferred from former Parent post separation | ||||||
0 | 0 | 315,000 | - | - | ||
Increase (decrease) in short-term debt | ||||||
17,000 | -31,000 | -7,000 | 25,000 | -22,000 | ||
Increase (decrease) in long-term debt | ||||||
1,600,000 | 0 | 183,000 | 1,501,000 | 0 | ||
Repayment of long-term debt | ||||||
1,204,000 | 2,000 | 302,000 | 39,000 | 10,000 | ||
Debt financing costs | ||||||
47,000 | 0 | 0 | - | - | ||
Cash dividends | ||||||
26,000 | 103,000 | 52,000 | 0 | 0 | ||
Share repurchases | ||||||
0 | 0 | 40,000 | 0 | 0 | ||
Payments to Acquire Additional Interest in Subsidiaries | ||||||
- | - | - | - | 38,000 | ||
Dividends paid to noncontrolling interests | ||||||
62,000 | 74,000 | 79,000 | 88,000 | 76,000 | ||
Formation of consolidated joint venture | ||||||
28,000 | 0 | 0 | 0 | 0 | ||
Other | ||||||
-3,000 | -3,000 | 3,000 | 0 | 0 | ||
Cash provided (used) by financing activities | ||||||
303,000 | -213,000 | 627,000 | 1,516,000 | 93,000 | ||
Effect of exchange rate changes on cash and cash equivalents | ||||||
9,000 | -1,000 | 26,000 | 4,000 | -2,000 | ||
Increase (decrease) in cash and cash equivalents | ||||||
237,000 | -22,000 | 604,000 | 61,000 | -1,000 | ||