Aerojet Rocketdyne Holdings, Inc. AJRD Cash Flow

Aerojet rocketdyne holdings, inc. (AJRD)

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	Nov'15	Aug'15	May'15	Feb'15	Nov'14	Aug'14	May'14	Feb'14	Nov'13	Aug'13	May'13	Feb'13	Nov'12	Aug'12	May'12	Feb'12	Nov'11	Aug'11	May'11	Feb'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	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-