Aerojet Rocketdyne Holdings, Inc. AJRD Cash Flow

Aerojet rocketdyne holdings, inc. (AJRD)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Nov'15	Nov'14	Nov'13	Nov'12	Nov'11	Nov'10	Nov'09
Operating Activities
Net Income (Loss) Attributable to Parent
141,000	137,300	-9,200	18,000	-16,200	-50,000	162,900	-2,600	2,900	6,800	52,200
Adjustments to reconcile net income to net cash used in operating activities:
Loss (income) from discontinued operations, net of income taxes
-	-	-	-	-	-700	200	3,100	0	800	-6,700
Depreciation and amortization
74,500	72,300	72,600	64,900	65,100	63,700	43,500	22,300	24,600	27,900	25,700
Amortization of debt discount and deferred financing costs
9,400	8,900	8,500	2,300	2,700	3,600	4,500	2,900	6,700	10,500	12,700
Stock-based compensation
27,300	20,500	22,000	12,900	8,600	5,700	14,100	6,500	3,700	400	2,900
Retirement benefits, net
21,600	15,900	-8,200	30,500	61,400	31,200	65,000	41,000	46,400	41,900	-
Loss on bank amendment
-	-	-	-	-	-200	0	0	1,300	700	200
Loss on debt repurchased
-	-	-	-34,400	-1,900	-60,600	-5,000	-400	200	1,200	-
Other, net
600	2,200	-700	-600	300	-	-	-	-	-	-
Loss on disposal of long-lived assets
-	-	-	-	-	-2,800	0	0	-	-	-
Gain on sale of technology
-	-	-	-	-	6,800	0	0	-	-	-
Savings plan expense, non-cash
-	-	-	-	-	-	-	-	-	-	1,500
Net recognized gain on marketable securities
-	-	-	-	-	-	-	-	-	100	-
Impairment of long-lived asset
-	-	-	-	-	-	-	-	-	1,600	-
Tax benefit on stock-based awards
-	-	-	-	-	1,300	200	3,300	200	-	-
Changes in assets and liabilities, net of effects from acquisition in 2019:
Accounts receivable, net
-28,800	47,300	-5,600	-57,900	1,000	-28,900	24,000	4,500	300	-9,600	19,000
Contract assets
-11,000	-10,500	20,500	54,600	-	-	-	-	-	-	-
Inventories
-	-	-	-	19,500	32,000	26,400	-2,600	-1,600	-10,700	-8,600
Other current assets, net
27,900	-21,500	-8,900	22,900	25,700	7,100	4,400	-600	-2,200	-7,300	-200
Grantor trust
-	-	-	-	-	-	-	-	-	-	-10,700
Income tax receivable
-	-	-	-	-	-	11,800	-6,500	-2,300	5,100	-8,200
Real estate held for entitlement and leasing
-	-	-	-	-	15,000	4,400	3,900	4,400	5,200	5,900
Receivable from Northrop
-	-	-	-	-	2,800	-3,300	3,000	7,700	5,200	-
Recoverable environmental remediation costs
-16,300	20,000	-8,700	32,600	127,800	-8,500	-15,100	-7,500	-29,100	-2,500	-
Other noncurrent assets, net
6,300	-5,800	31,400	12,600	-10,200	24,100	2,000	-3,200	-2,500	-6,500	-10,100
Accounts payable
20,300	-39,400	1,600	27,000	-5,100	-18,200	49,700	22,300	6,700	8,700	-14,300
Contract liabilities
-10,300	29,200	30,700	-13,600	-	-	-	-	-	-	-
Pension benefits
-	-	-	-	-	-	-	-	-3,100	-	-29,000
Pension and postretirement medical and life benefits
-	-	-	-	-	-	-5,400	-5,100	-5,500	-5,900	-10,700
Advance payments on contracts
-	-	-	-	6,300	96,900	-47,800	-8,400	-1,500	44,000	19,300
Other current liabilities
-72,500	40,900	-6,500	-32,900	-18,800	19,800	57,800	4,700	-1,600	1,600	-17,900
Deferred income taxes
5,700	-4,700	-125,700	-4,800	27,600	7,100	199,500	-4,000	-	2,000	-1,300
Reserves for environmental remediation costs
18,700	13,500	8,300	-47,400	-140,100	5,300	18,200	1,100	27,000	5,000	-
Other noncurrent liabilities and other
53,000	7,600	11,900	27,200	13,300	-200	900	-1,200	-1,800	-3,400	-12,000
Net cash provided by (used in) continuing operations
-	-	-	-	-	152,700	77,500	88,300	77,100	149,200	51,500
Net cash used in discontinued operations
-	-	-	-	-	-2,100	-100	-2,100	-300	-1,100	-1,200
Net Cash Used in Operating Activities
261,200	252,700	212,800	158,700	67,600	150,600	77,400	86,200	76,800	148,100	50,300
Investing Activities
Purchases of restricted cash investments
-	-	-	-	-	-	470,000	0	-	195,000	-
Sale of restricted cash investments
-	-	-	-	-	-	470,000	0	-	195,000	-
Purchase of Coleman Aerospace
0	0	17,000	0	0	200	411,200	0	-	-	-
Insurance proceeds
-	-	-	0	-	-	-	-	-	-	-
Purchases of investments
-	-	-	-	-	-	500	0	-	-	-
Proceeds from sale of technology
-	-	-	500	1,000	7,500	0	0	-	-	-
Proceeds from sale of land
-	-	-	-	-	-	-	600	-	-	-
Capital expenditures
42,900	43,200	29,400	47,600	36,800	43,400	63,200	37,200	21,100	16,900	14,300
Purchases of marketable securities
0	47,700	24,000	0	0	-	-	-	15,000	154,200	-
Sale of marketable securities
0	68,100	4,000	0	0	-	-	-	41,700	127,600	-
Other
-1,100	-1,900	0	-	-	-	-	-	-	-	-
Net Cash Used in Investing Activities
-41,800	-20,900	-66,400	-47,100	-35,800	-35,700	-474,900	-36,600	5,600	-43,500	-14,300
Financing Activities
Proceeds from issuance of debt
-	-	-	800,000	0	189,000	460,000	0	-	200,000	-
Debt issuance costs
0	3,300	0	9,500	0	4,200	14,900	1,300	4,200	7,700	400
Debt repayments
20,800	25,300	20,000	700,600	81,200	166,300	12,800	78,500	70,100	240,200	2,000
Repurchase of shares for withholding taxes and option costs under equity plans
8,500	3,300	6,200	3,900	6,700	2,100	200	-	-	-	-
Proceeds from shares issued under equity plans
5,200	5,400	4,500	4,200	1,300	200	700	1,000	-	-	-
Purchase of treasury stock
-	-	-	-	-	64,500	0	0	-	-	-
Tax benefit on stock-based awards
-	-	-	-	-	1,300	200	3,300	200	-	-
Vendor financing repayments
-	-	-	-	-	-	-	-	1,800	1,500	-
Net Cash Used in Financing Activities
-24,100	-26,500	-21,700	90,200	-86,600	-46,600	433,000	-75,500	-75,900	-49,400	-2,400
Net Decrease in Cash, Cash Equivalents and Restricted Cash
195,300	205,300	124,700	201,800	-54,800	68,300	35,500	-25,900	6,500	55,200	33,600
Supplemental disclosures of cash flow information
Cash paid for interest
26,300	25,300	22,200	39,000	49,300	46,900	33,700	18,500	22,400	23,600	23,700
Cash paid for income taxes
63,800	24,000	3,000	31,200	27,900	4,900	8,400	5,200	3,900	3,500	3,300
Cash refund for income taxes
2,000	5,200	22,900	100	0	-	-	-	200	-	-
Capital expenditure purchased with a note payable
-	-	-	-	-	-	-	-	-	4,400	-
Capital leases
-	-	-	0	0	-	-	-	-	1,300	-
Conversion of debt to common stock
0	0	35,600	49,000	49,000	0	1,600	0	-	-	-
Contribution of treasury stock to retirement benefit plans
0	95,000	0	0	-	-	-	-	-	-	-