Aerojet rocketdyne holdings, inc. (AJRD)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11May'11Feb'11
Operating Activities
Net Income (Loss) Attributable to Parent

31,400

25,300

32,900

44,100

38,700

23,500

65,000

34,800

14,000

-52,000

12,600

24,300

5,900

18,100

-11,100

5,900

5,100

7,700

-37,900

17,300

-3,300

11,900

-10,500

-49,200

-2,200

-8,700

197,400

-11,800

-14,000

2,800

-9,500

1,700

2,400

500

1,200

0

1,200

Adjustments to reconcile net income to net cash used in operating activities:
Loss (income) from discontinued operations, net of income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

600

0

200

-100

200

-800

0

400

-200

-100

100

-

-

-

-

1,300

-100

-500

-700

Depreciation and amortization

17,200

21,100

18,400

17,500

17,500

18,800

18,100

17,700

17,700

18,600

18,600

19,100

16,300

19,000

15,400

15,400

15,100

16,600

16,100

16,100

16,300

17,300

15,700

15,800

14,900

16,900

15,200

5,300

6,100

6,200

5,300

5,500

5,300

6,400

6,700

5,800

5,700

Amortization of debt discount and deferred financing costs

2,400

2,400

2,400

2,300

2,300

2,300

2,200

2,300

2,100

2,200

2,100

2,100

2,100

600

400

700

600

700

600

700

700

900

900

900

900

900

900

900

1,800

1,000

700

600

600

1,600

1,700

1,700

1,700

Stock-based compensation

2,400

2,800

9,000

10,200

5,300

7,600

6,200

5,200

1,500

800

11,000

3,400

6,800

5,200

2,300

3,100

2,300

-2,100

2,400

3,000

5,300

1,200

1,500

1,600

1,400

4,400

3,400

3,100

3,200

1,400

2,900

1,300

900

1,400

-600

1,700

1,200

Retirement benefits, net

7,900

5,400

5,400

5,400

5,400

5,500

3,700

3,400

3,300

8,000

-31,600

7,700

7,700

12,700

900

8,400

8,500

10,800

16,800

17,000

16,800

3,700

9,200

9,200

9,100

16,500

16,500

16,100

15,900

10,200

10,300

10,300

10,200

-

-

-

-

Loss on bank amendment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-200

0

-

-

-

-

-

-

-

-

-

-

-

-

Loss on debt repurchased

-

-

-

-

-

-

-

-

-

-

-

-

-

100

-34,100

-100

-300

-100

-1,100

-500

-200

0

-9,800

-45,900

-4,900

-

-

-

-

-

-

-

-

0

0

0

200

Insurance proceeds

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-400

900

100

-200

-200

300

-100

100

1,900

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of long-lived assets

-

-

-

-

-

-

-

-

-

-

-

-

-100

-

300

-700

0

-

0

0

-200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax benefit on stock-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

500

100

1,400

0

0

200

1,100

100

0

0

100

1,400

1,200

600

100

-

-

-

-

Changes in assets and liabilities, net of effects from acquisition in 2019:
Accounts receivable, net

39,200

-58,500

43,500

-18,700

4,900

-47,800

54,400

-35,500

76,200

-83,600

27,700

20,200

30,100

-35,700

-29,500

-5,500

12,800

-17,800

13,700

-14,400

19,500

-30,000

23,200

-8,500

-13,600

-12,900

6,400

21,400

9,100

-1,600

5,300

2,800

-2,000

-2,800

-7,500

7,500

3,100

Contract assets

54,800

-13,000

-9,300

10,700

600

39,200

-57,200

-12,900

20,400

-1,400

12,200

12,000

-2,300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7,700

-5,700

14,400

9,600

-2,200

-11,400

23,500

6,200

100

-3,700

29,400

-20,100

34,200

500

11,800

5,600

3,900

-9,300

-2,800

-7,400

19,200

-11,100

-2,300

Other current assets, net

-8,400

5,100

22,700

-6,000

6,100

-8,400

3,200

-33,700

17,400

-800

4,100

-18,400

6,200

9,600

-9,000

20,700

1,600

5,600

11,700

3,100

5,300

4,900

5,700

-5,000

1,500

9,900

1,000

200

-6,700

-2,200

4,600

-400

-2,600

-5,400

6,100

-100

-2,800

Income tax receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,900

0

10,000

1,500

2,300

-2,000

-2,800

-900

2,000

-4,800

-3,200

2,000

1,000

-2,100

Real estate held for entitlement and leasing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,000

1,300

1,200

-

1,100

2,500

1,500

7,300

4,100

2,500

1,100

1,600

1,000

900

900

1,500

1,200

500

700

1,800

1,300

600

700

Receivable from Northrop

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-400

-500

-

300

300

600

800

800

900

300

-4,100

600

700

-500

2,500

0

0

500

6,400

1,000

0

300

Recoverable environmental remediation costs

-6,700

-5,800

-2,100

-4,200

-4,200

-6,700

32,000

-2,300

-3,000

5,600

-4,200

-6,000

-4,100

-4,200

45,700

-6,700

-2,200

88,000

45,900

-2,300

-3,800

-3,100

1,200

-6,400

-200

-1,400

-3,500

-5,300

-4,900

-9,800

7,800

-1,200

-4,300

-39,400

18,700

-9,600

1,200

Other noncurrent assets, net

-4,600

-15,200

5,900

10,000

5,600

-5,200

-2,100

-2,400

3,900

-16,000

15,900

28,100

3,400

300

10,000

5,100

-2,800

-21,000

2,100

22,100

-13,400

-300

8,900

8,700

6,800

1,100

3,000

300

-2,400

400

800

100

-4,500

-4,900

5,500

1,300

-4,400

Assets held for sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-3,300

12,500

18,600

-17,000

6,200

-2,800

-26,900

-39,500

29,800

-26,500

15,500

11,500

1,100

15,500

-11,700

700

22,500

10,200

600

3,100

-19,000

-11,500

20,900

-2,500

-25,100

17,700

14,700

14,800

2,500

15,400

1,100

6,300

-500

9,400

-8,600

-1,000

6,900

Contract liabilities

26,300

-5,800

55,100

3,800

-63,400

76,700

10,600

-27,300

-30,800

60,200

13,500

-27,000

-16,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Pension benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,200

-100

-11,200

11,400

Pension and postretirement medical and life benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,100

-1,000

-1,600

-

-1,000

-1,700

-1,500

-1,100

-1,500

-1,400

-1,400

-1,100

-1,300

-1,200

-1,500

-9,800

7,100

-1,300

-1,500

Advance payments on contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,100

-6,900

-30,100

-8,000

14,400

-9,700

9,600

81,400

12,600

9,200

-6,300

-33,300

-9,800

7,800

-12,500

-300

-1,000

-3,300

-3,800

-4,400

16,900

-16,600

2,600

Other current liabilities

-20,300

-27,400

-17,500

-29,200

1,600

20,500

-1,400

43,700

-21,900

-5,400

-14,700

5,900

7,700

24,900

-44,100

9,600

-23,300

-38,000

41,200

-14,100

-7,900

9,200

35,600

-35,900

10,900

14,900

25,100

0

17,800

-5,100

13,400

4,700

-8,300

-8,800

11,100

11,000

-14,900

Deferred income taxes

-4,100

-13,600

0

0

19,300

20,000

-22,400

6,700

-9,000

-102,200

-7,600

-13,600

-2,300

4,400

7,900

-20,900

3,800

16,900

10,100

-500

1,100

3,700

-500

-1,100

5,000

-5,200

206,100

-500

-900

-500

-2,000

-600

-900

-

700

-200

-200

Reserves for environmental remediation costs

6,600

9,000

2,000

3,000

4,700

7,500

-1,700

4,700

3,000

-7,000

4,500

6,600

4,200

3,600

-61,600

7,600

3,000

-70,000

-74,600

1,100

3,400

2,600

-4,900

6,700

900

7,800

2,400

2,300

5,700

8,900

-13,500

2,000

3,700

19,900

-1,800

11,200

-2,300

Other noncurrent liabilities and other

-4,700

37,400

3,700

6,400

5,500

2,500

1,100

4,300

-300

-24,800

13,800

22,500

400

28,100

6,900

-6,400

-1,400

-1,900

-2,900

17,500

600

-1,500

100

1,200

0

5,000

-1,900

-100

-2,100

1,500

1,500

-100

-4,100

-6,700

9,200

1,600

-5,900

Net cash provided by (used in) continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

118,300

56,600

3,100

-25,300

50,900

7,600

12,000

7,000

25,100

15,800

29,300

18,100

26,300

18,300

14,800

17,700

Net cash used in discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,000

0

-100

0

0

0

0

-100

-1,900

-100

0

-100

100

-100

-200

-100

Net Cash Used in Operating Activities

-17,100

164,800

65,200

48,900

-17,700

155,700

72,500

119,900

-95,400

186,900

-11,800

40,800

-3,100

109,500

45,100

35,800

-31,700

-2,900

42,100

64,000

-35,600

116,300

56,600

3,000

-25,300

50,900

7,600

12,000

6,900

23,200

15,700

29,300

18,000

26,400

18,200

14,600

17,600

Investing Activities
Purchases of restricted cash investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

4,000

466,000

-

-

-

-

-

-

-

-

Purchase of Coleman Aerospace

-

-

-

-

-

-

-

-

-

0

2,000

0

15,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance proceeds

-

-

-

-

-

-

0

0

1,900

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

500

-

-

-

-

-

-

-

-

Capital expenditures

3,000

26,600

9,400

5,400

1,500

22,300

8,700

8,100

4,100

18,900

4,400

3,400

2,700

17,100

11,000

11,800

7,700

18,900

8,500

5,100

4,300

11,500

13,400

9,200

9,300

24,500

17,000

12,600

9,100

18,400

9,500

5,700

3,600

8,900

5,500

4,700

2,000

Sale of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

15,000

5,000

21,700

Net Cash Used in Investing Activities

-3,000

-25,500

-9,400

-5,400

-1,500

-19,300

33,300

-32,700

-2,200

-38,900

-6,400

-3,400

-17,700

-17,100

-10,500

-11,800

-7,700

-17,900

-8,500

-5,100

-4,300

-4,000

-13,200

-9,200

-9,300

-24,500

41,800

-16,600

-475,600

-18,400

-9,500

-5,100

-3,600

-8,900

9,500

-14,700

19,700

Financing Activities
Proceeds from issuance of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

10,000

179,000

0

0

0

0

460,000

-

-

-

-

-

-

-

-

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

100

4,100

0

200

1,600

800

12,300

-

-

-

-

-

-

-

-

Debt repayments

4,900

4,900

5,100

5,300

5,500

4,800

10,200

5,200

5,100

5,000

5,000

5,000

5,000

105,300

489,600

91,300

14,400

9,200

43,500

19,200

9,300

1,300

19,200

135,800

10,000

10,800

700

700

600

1,500

600

75,700

700

62,500

200

200

7,200

Repurchase of shares for withholding taxes and option costs under equity plans

7,900

1,000

800

500

6,200

700

500

500

1,600

500

0

1,000

4,700

1,500

900

800

700

200

2,100

2,000

2,400

200

-100

600

1,400

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from shares issued under equity plans

3,400

100

2,900

0

2,200

800

2,100

400

2,100

0

2,100

100

2,300

1,200

1,500

0

1,500

0

1,300

0

0

-

-

-

-

400

200

0

100

-

-

-

-

-

-

-

-

Purchase of treasury stock

500

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

55,900

8,600

-

-

-

-

-

-

-

-

-

-

-

-

Tax benefit on stock-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

500

100

1,400

0

0

200

1,100

100

0

0

100

1,400

1,200

600

100

-

-

-

-

Vendor financing repayments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

400

0

400

-

-

-

-

Net Cash Used in Financing Activities

-9,900

-5,800

-3,000

-5,800

-9,500

-4,700

-11,900

-5,300

-4,600

-5,500

-2,900

-5,900

-7,400

188,600

-89,000

4,200

-13,600

-11,400

-43,800

-21,100

-10,300

-1,300

-9,200

-17,200

-18,900

-10,700

-2,100

-1,500

447,300

1,600

-700

-75,400

-1,000

-67,200

-800

-700

-7,200

Net Decrease in Cash, Cash Equivalents and Restricted Cash

-30,000

133,500

52,800

37,700

-28,700

131,700

93,900

81,900

-102,200

142,500

-21,100

31,500

-28,200

281,000

-54,400

28,200

-53,000

-32,200

-10,200

37,800

-50,200

111,000

34,200

-23,400

-53,500

15,700

47,300

-6,100

-21,400

6,400

5,500

-51,200

13,400

-49,700

26,900

-800

30,100

Supplemental disclosures of cash flow information
Total preliminary purchase price

-

-

-

-

-

-

-

-

-

-

2,000

0

15,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

4,100

7,700

4,900

8,400

5,300

8,400

5,000

7,800

4,100

7,000

3,800

7,400

4,000

3,800

14,500

3,000

17,700

18,400

5,000

19,700

6,200

-

-

-

-

17,700

5,300

5,400

5,300

-

-

-

-

-

-

-

-

Cash paid for income taxes

-

-

-

-

-

6,400

2,400

15,100

100

300

2,200

500

0

700

2,800

15,000

12,700

800

16,900

4,900

5,300

-

-

-

-

2,100

1,400

4,600

300

-

-

-

-

-

-

-

-

Non-cash fixed asset additions

-

-

-

-

-

-

-

-

-

-

1,100

-100

300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Conversion of debt to common stock

-

-

-

-

-

-

-

-

-

0

0

0

35,600

6,000

43,000

0

0

0

13,200

1,400

34,400

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-