AK STEEL HOLDING CORPORATION AKS Cash Flow

Ak steel holding corporation (AKS)

CashFlow / Quarterly

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	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Cash flows from operating activities:
Net income
-44,900	19,900	79,900	8,100	42,100	84,900	72,300	44,800	-67,500	39,400	92,400	100,600	-58,000	68,900	33,900	4,400	-273,500	24,300	-49,500	-290,800	29,700	8,900	-1,500	-71,200	51,800	-15,700	-25,500	6,800	-221,600	-52,500	-717,600	-6,900	-194,900	-6,100	32,400	8,500	-98,500	-60,000	26,400	1,400	37,900	5,700	-48,000	-73,600
Adjustments to reconcile net income to cash flows from operating activities:
Depreciation
45,200	47,400	49,600	50,400	55,400	55,000	54,900	54,900	57,800	58,000	55,100	55,100	54,900	53,700	54,300	53,700	49,400	55,500	55,700	55,400	55,600	49,100	48,500	48,700	45,200	48,400	47,900	48,600	47,100	48,200	48,400	48,300	45,700	46,100	46,500	46,700	46,600	50,300	49,900	50,300	50,700	51,000	51,600	51,300
Amortization
7,000	8,200	7,400	10,100	7,500	7,200	7,300	10,000	6,200	6,200	4,500	7,200	4,100	4,400	4,600	5,300	4,200	4,500	5,000	7,500	4,500	5,100	4,500	6,300	4,000	4,400	4,800	5,900	4,200	3,200	3,300	6,300	3,800	3,200	4,000	4,500	2,700	3,100	5,100	5,900	2,400	3,100	3,300	3,300
Ashland Works closure
-8,100	0	0	64,100	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of Magnetation investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	256,300	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-1,700	100	300	300	-1,700	900	-400	-6,800	-13,900	300	3,100	1,500	-10,200	13,300	-11,700	4,500	-50,600	17,100	13,900	6,800	1,900	3,800	2,000	500	-18,300	5,500	9,900	-4,400	17,800	18,400	744,400	-9,400	-120,900	200	23,600	4,400	-63,200	-38,100	18,800	44,800	88,100	-3,400	-23,600	-13,800
Contributions to pension trust
9,500	14,500	10,300	9,200	9,200	25,500	9,200	6,000	6,000	32,100	6,000	0	-	-	-	-	0	23,100	0	1,000	0	84,100	71,100	41,300	40,900	68,900	41,300	30,000	0	0	141,500	28,700	0	0	140,000	30,000	0	0	35,000	75,000	-	110,000	50,000	50,000
Pension and OPEB (income) expense
20,700	-5,400	-5,400	7,900	12,600	-8,000	-8,100	-8,100	-15,800	-16,200	-16,200	-16,200	53,800	-5,700	-11,900	-11,900	-14,900	-15,900	-16,100	-16,100	-18,300	-23,500	-25,000	-25,700	-19,300	-16,900	-16,500	-15,900	-7,300	-9,600	-9,900	-8,500	-9,300	-8,900	-9,400	-8,400	-	-	-	-	-	-	-	-
Changes in working capital
-	3,300	-62,400	95,800	-	39,900	-28,600	-200	-	98,900	-35,200	92,500	-	84,700	-50,600	-71,600	-	-69,400	-86,900	34,300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	47,600	-	-13,800	-37,800	-124,800
Contributions to Middletown retirees VEBA
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	65,000	-	0	0	65,000
Pension and other postretirement benefit payments greater than expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,300	25,000	29,000	-	16,600	12,300	19,000
Other operating items, net
7,400	-8,100	27,300	-34,200	21,500	1,200	-7,000	-13,300	16,600	2,600	8,900	-8,000	-44,500	5,900	22,900	18,700	-6,400	-500	-700	27,100	8,100	-10,600	1,600	-5,100	2,000	600	-7,100	6,400	-1,200	-26,700	21,800	8,000	5,800	-6,300	-4,200	-4,300	-63,500	1,000	11,200	6,500	-136,500	27,300	14,700	12,000
Changes in assets and liabilities, net of effect of acquired business:
OPEB payments
-	-	-6,000	-9,600	-	-	-9,200	-10,100	-9,600	-8,500	-10,100	-11,400	-10,100	-8,300	-6,400	-9,600	-15,400	-10,700	-8,600	-13,600	-15,100	-14,100	-16,100	-18,600	-16,200	-14,700	-14,400	-18,100	-112,400	15,100	16,900	16,300	-132,200	18,300	18,300	20,100	-	-	-	-	-	-	-	-
Working capital - SunCoke Middletown
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-500	-	5,700	-2,900	-1,000
Net cash flows from operating activities
73,400	56,300	144,100	-7,900	114,800	62,500	121,800	65,600	44,800	-49,200	166,900	36,300	16,700	14,900	136,300	136,700	200	116,200	86,600	-2,700	57,800	-49,500	-206,100	-125,000	113,500	-119,200	-97,500	-7,000	117,100	-77,800	-160,100	-150,000	174,900	5,000	-163,000	-197,400	44,100	-22,200	-47,100	-107,200	146,200	-34,800	-23,600	-29,000
Capital investments
59,000	53,400	37,600	44,800	50,900	37,100	26,100	37,900	63,800	36,600	19,600	32,500	45,700	28,000	25,100	28,800	28,000	21,300	21,400	28,300	41,800	11,700	13,800	13,800	15,500	15,700	15,900	16,500	14,800	13,800	5,800	29,700	44,900	54,500	89,400	107,300	107,600	74,800	69,000	14,900	42,300	14,400	43,900	32,900
Capital investments - SunCoke Middletown
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	-	3,700	6,600	12,200
Other investing items, net
3,400	300	1,300	-11,600	100	100	-300	0	0	-1,300	-1,400	-1,500	-100	-100	-2,200	100	-11,000	-200	-6,900	5,600	1,800	-8,500	-100	-6,800	0	-10,300	-4,000	-800	-1,500	-3,900	-900	200	-600	-500	200	-400	800	200	-1,000	0	2,200	-2,000	100	-400
Net cash flows from investing activities
-62,400	-53,700	-38,900	-33,200	-51,000	-37,200	-25,800	-37,900	-63,300	-396,200	-18,200	-31,000	-45,600	107,500	-158,300	-28,900	-3,000	-21,100	10,500	-33,900	-66,700	-725,400	-58,700	-7,000	-15,500	-5,400	-61,900	-15,700	-35,800	-48,000	-4,900	-29,900	-169,700	-54,000	-89,600	-106,900	-108,400	-75,000	-66,000	-16,900	-22,000	-16,100	-50,600	-44,700
Cash flows from financing activities:
Net borrowings (repayments) under credit facility
145,000	20,000	-95,000	45,000	-30,000	-5,000	-70,000	-10,000	35,000	415,000	0	0	-190,000	40,000	-370,000	-30,000	0	-45,000	-85,000	75,000	45,000	30,000	290,000	150,000	-95,000	145,000	40,000	0	-442,000	117,000	180,000	-105,000	-45,000	20,000	200,000	75,000	0	0	0	0	-	-	-	-
Proceeds from issuance of long-term debt
-	-	-	-	-	-	-	-	0	280,000	0	400,000	0	0	380,000	0	-	-	-	-	-	-	-	-	-	-	-	-	500,000	0	0	373,300	0	0	0	0	-	-	-	-	-	-	-	-
Redemption of long-term debt
148,500	-400	200	4,000	12,600	0	0	0	26,600	283,600	170,700	367,500	0	133,800	259,000	0	-	-	-	-	-	-	-	-	200	200	26,800	200	100	200	200	73,500	200	100	200	200	200	200	505,700	200	200	200	3,200	19,900
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	100	100	0	0	0	1,300	-	-	-	-
Purchase of treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	600	-	0	0	1,700	-	0	0	1,400	200	200	0	7,500	0	0	0	11,400
Debt issuance costs
-	-	-	-	-	-	-	-	300	16,700	500	7,800	0	1,100	19,300	0	-	-	-	-	4,900	7,300	0	3,300	300	700	900	1,500	13,700	200	200	8,200	900	100	8,900	200	-	-	-	-	-	-	-	-
Common stock dividends paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	5,500	5,500	5,500	5,500	5,500	5,500	5,500	5,500	5,500	5,500	5,500	5,500	5,500	5,500
SunCoke Middletown distributions to noncontrolling interest owners
7,300	33,000	8,900	6,400	19,700	19,200	24,500	10,300	20,900	16,300	26,800	15,100	21,900	26,200	15,900	21,100	26,600	27,100	24,300	18,300	20,400	11,700	1,100	27,800	23,700	13,500	18,500	9,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advances from noncontrolling interest owner to SunCoke Middletown
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	72,400	-	53,400	32,700	2,300	3,700	9,800	4,300	11,200
Other financing items, net
0	-1,400	-100	-900	-200	200	0	-900	0	0	-100	-2,400	5,500	0	0	-300	0	-100	0	-900	-1,200	-2,300	0	-1,100	800	1,300	-300	-1,100	-1,600	600	-1,200	800	-1,900	-1,600	100	1,400	-3,600	1,000	-400	2,200	-500	500	2,400	-1,400
Net cash flows from financing activities
-10,800	-14,000	-104,200	33,700	-62,500	-24,000	-94,500	-21,200	-12,800	378,400	-198,100	7,200	144,600	-121,100	-34,800	-51,400	-30,600	-80,100	-111,500	55,800	18,300	780,900	288,500	117,800	-118,400	131,900	26,000	-12,500	98,600	135,500	160,100	180,200	-21,900	62,100	244,100	141,600	200,600	48,200	-87,600	-7,400	-2,000	4,600	-2,000	-27,000
Net increase (decrease) in cash and cash equivalents
200	-11,400	1,000	-7,400	1,300	1,300	1,500	6,500	-31,300	-67,000	-49,400	12,500	115,700	1,300	-56,800	56,400	-33,400	15,000	-14,400	19,200	9,400	6,000	23,700	-14,200	-20,400	7,300	-133,400	-35,200	179,900	9,700	-4,900	300	-16,700	13,100	-8,500	-162,700	136,300	-49,000	-200,700	-131,500	122,200	-46,300	-76,200	-100,700
Supplemental disclosure of cash flow information:
Interest, net of capitalized interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,600	27,000	1,400
Income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	800	1,300	-27,000
Supplemental disclosure of non-cash investing and financing activities-
Issuance of restricted common stock and restricted stock units
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	200	4,000
Consolidated Entity Excluding Variable Interest Entities (VIE) [Member]
Depreciation
40,400	43,100	43,500	42,900	48,300	51,200	51,000	51,100	54,000	54,000	50,800	51,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-