Aerojet Rocketdyne Holdings, Inc. AJRD Cash Flow

Aerojet rocketdyne holdings, inc. (AJRD)

CashFlow / TTM

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
133,700	141,000	139,200	171,300	162,000	137,300	61,800	9,400	-1,100	-9,200	60,900	37,200	18,800	18,000	7,600	-19,200	-7,800	-16,200	-12,000	15,400	-51,100	-50,000	-70,600	137,300	174,700	162,900	174,400	-32,500	-19,000	-2,600	-4,900	5,800	4,100	2,900	0	0	0
Adjustments to reconcile net income to net cash used in operating activities:
Loss (income) from discontinued operations, net of income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	700	300	-500	-700	-200	-600	100	200	0	0	0	-	-	-	-	0	0	0	0
Depreciation and amortization
74,200	74,500	72,200	71,900	72,100	72,300	72,100	72,600	74,000	72,600	73,000	69,800	66,100	64,900	62,500	63,200	63,900	65,100	65,800	65,400	65,100	63,700	63,300	62,800	52,300	43,500	32,800	22,900	23,100	22,300	22,500	23,900	24,200	24,600	0	0	0
Amortization of debt discount and deferred financing costs
9,500	9,400	9,300	9,100	9,100	8,900	8,800	8,700	8,500	8,500	6,900	5,200	3,800	2,300	2,400	2,600	2,600	2,700	2,900	3,200	3,400	3,600	3,600	3,600	3,600	4,500	4,600	4,400	4,100	2,900	3,500	4,500	5,600	6,700	0	0	0
Stock-based compensation
24,400	27,300	32,100	29,300	24,300	20,500	13,700	18,500	16,700	22,000	26,400	17,700	17,400	12,900	5,600	5,700	5,600	8,600	11,900	11,000	9,600	5,700	8,900	10,800	12,300	14,100	11,100	10,600	8,800	6,500	6,500	3,000	3,400	3,700	0	0	0
Retirement benefits, net
24,100	21,600	21,700	20,000	18,000	15,900	18,400	-16,900	-12,600	-8,200	-3,500	29,000	29,700	30,500	28,600	44,500	53,100	61,400	54,300	46,700	38,900	31,200	44,000	51,300	58,200	65,000	58,700	52,500	46,700	41,000	0	0	0	-	-	-	-
Loss on bank amendment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Loss on debt repurchased
-	-	-	-	-	-	-	-	-	-	-	-	-	-34,400	-34,600	-1,600	-2,000	-1,900	-1,800	-10,500	-55,900	-60,600	0	0	0	-	-	-	-	-	-	-	-	200	0	0	0
Insurance proceeds
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
400	600	0	-200	100	2,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of long-lived assets
-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	-500	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax benefit on stock-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	1,500	1,600	1,300	1,400	1,400	1,200	200	1,500	2,700	3,300	3,300	0	0	0	-	-	-	-
Changes in assets and liabilities, net of effects from acquisition in 2019:
Accounts receivable, net
5,500	-28,800	-18,100	-7,200	-24,000	47,300	11,500	-15,200	40,500	-5,600	42,300	-14,900	-40,600	-57,900	-40,000	3,200	-5,700	1,000	-11,200	-1,700	4,200	-28,900	-11,800	-28,600	1,300	24,000	35,300	34,200	15,600	4,500	3,300	-9,500	-4,800	300	0	0	0
Contract assets
43,200	-11,000	41,200	-6,700	-30,300	-10,500	-51,100	18,300	43,200	20,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories
-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,600	16,100	10,400	19,500	16,100	18,400	26,100	32,000	5,700	39,800	44,000	26,400	52,100	21,800	12,000	-2,600	-15,600	-300	-2,100	-1,600	0	0	0
Other current assets, net
13,400	27,900	14,400	-5,100	-32,800	-21,500	-13,900	-13,000	2,300	-8,900	1,500	-11,600	27,500	22,900	18,900	39,600	22,000	25,700	25,000	19,000	10,900	7,100	12,100	7,400	12,600	4,400	-7,700	-4,100	-4,700	-600	-3,800	-2,300	-2,000	-2,200	0	0	0
Income tax receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,600	13,800	11,800	-1,000	-3,400	-3,700	-6,500	-6,900	-4,000	-5,000	-2,300	0	0	0
Real estate held for entitlement and leasing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	7,500	-	12,400	15,400	15,400	15,000	9,300	6,200	4,600	4,400	4,300	4,500	4,100	3,900	4,200	4,300	4,400	4,400	0	0	0
Receivable from Northrop
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-7,200	-	2,000	2,500	3,100	2,800	-2,100	-2,300	-2,500	-3,300	3,300	2,700	2,000	3,000	6,900	7,900	7,900	7,700	0	0	0
Recoverable environmental remediation costs
-18,800	-16,300	-17,200	16,900	18,800	20,000	32,300	-3,900	-7,600	-8,700	-18,500	31,400	30,700	32,600	124,800	125,000	129,400	127,800	36,700	-8,000	-12,100	-8,500	-6,800	-11,500	-10,400	-15,100	-23,500	-12,200	-8,100	-7,500	-37,100	-26,200	-34,600	-29,100	0	0	0
Other noncurrent assets, net
-3,900	6,300	16,300	8,300	-4,100	-5,800	-16,600	1,400	31,900	31,400	47,700	41,800	18,800	12,600	-8,700	-16,600	400	-10,200	10,500	17,300	3,900	24,100	25,500	19,600	11,200	2,000	1,300	-900	-1,100	-3,200	-8,500	-3,800	-2,600	-2,500	0	0	0
Assets held for sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
10,800	20,300	5,000	-40,500	-63,000	-39,400	-63,100	-20,700	30,300	1,600	43,600	16,400	5,600	27,000	21,700	34,000	36,400	-5,100	-26,800	-6,500	-12,100	-18,200	11,000	4,800	22,100	49,700	47,400	33,800	25,300	22,300	16,300	6,600	-700	6,700	0	0	0
Contract liabilities
79,400	-10,300	72,200	27,700	-3,400	29,200	12,700	15,600	15,900	30,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pension benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,100	0	0	0
Pension and postretirement medical and life benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-5,300	-5,800	-5,500	-5,400	-5,400	-5,200	-5,000	-5,100	-13,800	-5,400	-5,500	-5,500	0	0	0
Advance payments on contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-34,900	-30,600	-33,400	6,300	95,700	93,900	112,800	96,900	-17,800	-40,200	-41,600	-47,800	-14,800	-6,000	-17,100	-8,400	-12,500	5,400	-7,900	-1,500	0	0	0
Other current liabilities
-94,400	-72,500	-24,600	-8,500	64,400	40,900	15,000	1,700	-36,100	-6,500	23,800	-5,600	-1,900	-32,900	-95,800	-10,500	-34,200	-18,800	28,400	22,800	1,000	19,800	25,500	15,000	50,900	57,800	37,800	26,100	30,800	4,700	1,000	-1,300	5,000	-1,600	0	0	0
Deferred income taxes
-17,700	5,700	39,300	16,900	23,600	-4,700	-126,900	-112,100	-132,400	-125,700	-19,100	-3,600	-10,900	-4,800	7,700	9,900	30,300	27,600	14,400	3,800	3,200	7,100	-1,800	204,800	205,400	199,500	204,200	-3,900	-4,000	-4,000	0	0	0	-	0	0	0
Reserves for environmental remediation costs
20,600	18,700	17,200	13,500	15,200	13,500	-1,000	5,200	7,100	8,300	18,900	-47,200	-46,200	-47,400	-121,000	-134,000	-140,500	-140,100	-67,500	2,200	7,800	5,300	10,500	17,800	13,400	18,200	19,300	3,400	3,100	1,100	12,100	23,800	33,000	27,000	0	0	0
Other noncurrent liabilities and other
42,800	53,000	18,100	15,500	13,400	7,600	-19,700	-7,000	11,200	11,900	64,800	57,900	29,000	27,200	-2,800	-12,600	11,300	13,300	13,700	16,700	400	-200	6,300	4,300	3,000	900	-2,600	800	800	-1,200	-9,400	-1,700	0	-1,800	0	0	0
Net cash provided by (used in) continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	152,700	85,300	36,300	45,200	77,500	51,700	59,900	77,200	88,300	89,500	92,000	77,500	77,100	0	0	0
Net cash used in discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,100	-100	-100	0	-100	-2,000	-2,100	-2,100	-2,100	-100	-100	-300	-300	0	0	0
Net Cash Used in Operating Activities
261,800	261,200	252,100	259,400	330,400	252,700	283,900	199,600	120,500	212,800	135,400	192,300	187,300	158,700	46,300	43,300	71,500	67,600	186,800	201,300	140,300	150,600	85,200	36,200	45,200	77,400	49,700	57,800	75,100	86,200	89,400	91,900	77,200	76,800	0	0	0
Investing Activities
Purchases of restricted cash investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	470,000	0	0	0	-	-	-	-	-	-	-	-
Purchase of Coleman Aerospace
-	-	-	-	-	-	-	-	-	17,000	17,000	15,000	15,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance proceeds
-	-	-	-	-	-	0	0	1,900	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	500	0	0	0	-	-	-	-	-	-	-	-
Capital expenditures
44,400	42,900	38,600	37,900	40,600	43,200	39,800	35,500	30,800	29,400	27,600	34,200	42,600	47,600	49,400	46,900	40,200	36,800	29,400	34,300	38,400	43,400	56,400	60,000	63,400	63,200	57,100	49,600	42,700	37,200	27,700	23,700	22,700	21,100	0	0	0
Sale of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	41,700	0	0	0
Net Cash Used in Investing Activities
-43,300	-41,800	-35,600	7,100	-20,200	-20,900	-40,500	-80,200	-50,900	-66,400	-44,600	-48,700	-57,100	-47,100	-47,900	-45,900	-39,200	-35,800	-21,900	-26,600	-30,700	-35,700	-56,200	-1,200	-8,600	-474,900	-468,800	-520,100	-508,600	-36,600	-27,100	-8,100	-17,700	5,600	0	0	0
Financing Activities
Proceeds from issuance of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	189,000	189,000	179,000	0	460,000	0	0	0	-	-	-	-	-	-	-	-
Debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,200	4,400	5,900	2,600	14,900	0	0	0	-	-	-	-	-	-	-	-
Debt repayments
20,200	20,800	20,700	25,800	25,700	25,300	25,500	20,300	20,100	20,000	120,300	604,900	691,200	700,600	604,500	158,400	86,300	81,200	73,300	49,000	165,600	166,300	175,800	157,300	22,200	12,800	3,500	3,400	78,400	78,500	139,500	139,100	63,600	70,100	0	0	0
Repurchase of shares for withholding taxes and option costs under equity plans
10,200	8,500	8,200	7,900	7,900	3,300	3,100	2,600	3,100	6,200	7,200	8,100	7,900	3,900	2,600	3,800	5,000	6,700	6,700	4,500	3,100	2,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from shares issued under equity plans
6,400	5,200	5,900	5,100	5,500	5,400	4,600	4,600	4,300	4,500	5,700	5,100	5,000	4,200	3,000	2,800	2,800	1,300	0	0	0	-	-	-	-	700	0	0	0	-	-	-	-	-	-	-	-
Purchase of treasury stock
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	64,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Tax benefit on stock-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	1,500	1,600	1,300	1,400	1,400	1,200	200	1,500	2,700	3,300	3,300	0	0	0	-	-	-	-
Vendor financing repayments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Net Cash Used in Financing Activities
-24,500	-24,100	-23,000	-31,900	-31,400	-26,500	-27,300	-18,300	-18,900	-21,700	172,400	86,300	96,400	90,200	-109,800	-64,600	-89,900	-86,600	-76,500	-41,900	-38,000	-46,600	-56,000	-48,900	-33,200	433,000	445,300	446,700	372,800	-75,500	-144,300	-144,400	-69,700	-75,900	0	0	0
Net Decrease in Cash, Cash Equivalents and Restricted Cash
194,000	195,300	193,500	234,600	278,800	205,300	216,100	101,100	50,700	124,700	263,200	229,900	226,600	201,800	-111,400	-67,200	-57,600	-54,800	88,400	132,800	71,600	68,300	-27,000	-13,900	3,400	35,500	26,200	-15,600	-60,700	-25,900	-82,000	-60,600	-10,200	6,500	0	0	0
Supplemental disclosures of cash flow information
Total preliminary purchase price
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest
25,100	26,300	27,000	27,100	26,500	25,300	23,900	22,700	22,300	22,200	19,000	29,700	25,300	39,000	53,600	44,100	60,800	49,300	0	0	0	-	-	-	-	33,700	0	0	0	-	-	-	-	-	-	-	-
Cash paid for income taxes
-	-	-	-	-	24,000	17,900	17,700	3,100	3,000	3,400	4,000	18,500	31,200	31,300	45,400	35,300	27,900	0	0	0	-	-	-	-	8,400	0	0	0	-	-	-	-	-	-	-	-
Non-cash fixed asset additions
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of debt to common stock
-	-	-	-	-	-	-	-	-	35,600	41,600	84,600	84,600	49,000	43,000	13,200	14,600	49,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-