ALEXANDER & BALDWIN, INC. ALEX Cash Flow

Alexander & baldwin, inc. (ALEX)

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	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
Cash Flows from Operating Activities:
Net income (loss)
-41,500	-38,400	-179,200	-112,700	-108,500	-69,800	278,100	269,100	270,900	230,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile net income (loss) to net cash provided by (used in) operations:
Depreciation and amortization
53,200	50,500	47,800	44,900	43,500	42,800	41,600	41,700	41,100	41,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Deferred income taxes
-	-	-	-	-	16,600	-220,500	-201,800	-202,500	-199,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on asset transactions, net
500	2,600	-5,500	5,800	6,600	54,000	75,000	73,700	77,200	35,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation expense
5,500	5,400	4,800	4,700	4,800	4,700	5,000	4,900	4,600	4,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Income) loss from affiliates, net of distributions of income
3,500	1,400	-7,400	-8,300	-7,300	-12,900	-4,300	-2,900	-2,500	-5,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Trade, contracts retention, and other contract receivables
-26,500	-8,500	6,200	3,500	13,100	4,200	3,100	7,800	8,700	2,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Costs and estimated earnings in excess of billings on uncompleted contracts - net
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories
-8,200	-5,700	-8,400	-600	-700	-5,500	2,100	-5,400	1,500	-11,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses, income tax receivable and other assets
-35,400	-28,500	-16,700	-16,700	16,300	13,200	7,300	17,800	21,600	23,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Development/other property inventory
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued pension and post-retirement benefits
3,600	4,600	5,700	1,700	4,100	3,600	3,100	-44,000	-46,600	-47,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
-11,600	-12,900	-11,000	-16,700	-5,100	-9,000	-2,000	4,200	-2,200	3,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued and other liabilities
400	3,200	88,100	86,200	83,900	74,200	-9,200	-16,900	-10,500	-40,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate development for sale proceeds, net of margins recognized in net income (loss)
-	-	-	-	-	-58,400	9,900	-10,600	-67,400	-47,600	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Expenditures for real estate development for sale
-	-	-	-	-	-	-	-	-23,100	-20,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) operations
151,900	157,600	376,200	364,200	326,000	309,900	81,600	42,100	17,800	-1,300	17,600	64,800	95,100	111,200	62,200	89,500	107,800	129,100	152,400	130,400	96,600	40,400	74,400	-42,100	-42,500	-38,300	-85,700	18,400	12,600	10,900	0	0	0
Cash Flows from Investing Activities:
Capital expenditures for acquisitions
176,000	218,400	258,500	265,400	89,400	241,700	201,600	194,700	204,800	10,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures for property, plant and equipment
26,300	36,700	46,200	56,500	58,300	54,400	48,800	44,400	39,000	32,400	-48,000	-52,800	-52,300	33,700	115,100	124,100	128,200	44,700	67,800	60,900	60,300	60,200	-43,100	39,100	34,500	32,500	113,900	46,100	47,000	45,400	0	0	0
Capital expenditures related to 1031 commercial property transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	7,600	-	0	0	0	-	-	-	-	472,800	0	0	0	-	-	-	-
Proceeds from investment tax credits and grants related to Port Allen Solar Farm
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,500	6,900	6,900	5,900	2,400	0	0	0	-	-	-	-
Proceeds from disposal of property, investments and other assets
7,600	4,400	5,400	19,400	19,000	171,700	199,800	185,900	194,600	47,200	94,100	103,500	96,800	88,800	54,400	44,900	43,000	48,100	6,100	6,400	14,200	9,500	7,400	7,100	1,500	1,200	3,700	3,700	1,500	2,200	0	0	0
Payments for purchases of investments in affiliates and other investments
800	3,300	4,600	10,100	15,900	22,600	31,700	33,800	36,600	41,900	42,700	44,700	56,300	47,200	42,900	37,700	23,700	29,400	59,700	84,200	81,200	75,100	45,400	24,400	43,700	43,400	45,400	38,200	15,300	17,500	0	0	0
Distributions of capital from investments in affiliates and other investments
10,200	13,600	21,700	32,600	43,800	42,300	62,200	51,600	37,800	33,300	39,200	40,300	41,600	41,300	12,800	10,200	11,300	44,400	59,400	67,200	69,100	36,200	16,200	9,200	5,000	5,100	4,400	4,900	3,400	2,900	0	0	0
Proceeds from disposals related to 1031 commercial property transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	35,400	-	24,400	39,100	20,800	85,600	399,700	387,000	385,500	330,800	0	0	0	-	-	-	-
Change in restricted cash associated with 1031 transactions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	11,100	-	-13,100	1,600	-3,400	-600	19,800	7,100	-5,300	-3,200	0	0	0	-	-	-	-
Net cash provided by (used in) investing activities
-185,300	-240,400	-282,200	-280,000	-100,800	-104,700	-20,100	-35,400	-48,000	-3,900	-23,200	-9,900	52,000	-33,200	-42,700	-58,600	-102,200	18,400	-54,900	-64,400	-62,100	-28,000	-45,400	-113,600	-143,700	-211,700	-143,200	-68,000	-49,700	-50,100	0	0	0
Cash Flows from Financing Activities:
Proceeds from issuance of notes payable and other debt
192,500	125,900	126,700	98,200	85,700	548,400	680,500	713,100	739,600	292,500	195,500	223,500	207,000	272,000	283,000	213,000	234,000	132,000	228,000	261,000	258,000	283,000	283,000	579,000	595,000	585,000	440,000	119,000	125,000	134,000	0	0	0
Payments of notes payable and other debt and deferred financing costs
198,900	203,900	189,500	185,900	161,300	467,800	568,200	537,000	517,700	181,000	189,600	275,100	330,700	334,300	257,100	205,500	202,200	248,100	319,800	317,700	281,700	224,200	270,000	393,300	386,100	380,300	222,900	86,700	249,300	257,200	0	0	0
Borrowings (payments) on line-of-credit agreement, net
47,500	-300	-4,400	-6,200	6,000	4,700	7,000	6,100	-2,000	2,600	11,700	6,400	-100	-9,900	-14,400	-5,400	-9,200	-3,000	1,800	-1,100	-1,000	-62,300	-26,400	-14,300	-10,900	51,600	11,000	1,700	-5,400	-6,000	0	0	0
Contributions from Alexander & Baldwin Holdings, Inc.(a)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	172,700	0	0	0
Distribution to noncontrolling interests
-	-	-	-	-	-	-	-	-	500	1,100	1,100	1,100	1,400	500	500	500	1,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Cash dividends paid
53,300	50,000	36,200	22,400	10,500	156,600	156,600	160,000	163,500	10,300	13,800	13,300	12,800	12,300	11,700	11,300	10,700	10,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance (repurchase) of capital stock and other, net
1,800	1,000	1,800	1,200	-1,700	1,500	1,800	4,600	12,700	7,200	4,400	4,300	-3,600	1,200	300	300	500	-1,100	-1,500	-1,500	-1,700	-900	-1,500	-3,200	-2,500	-1,000	800	14,100	13,300	11,800	0	0	0
Dividends paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,900	2,000	0	0	0	-	-	-	-
Net cash provided by (used in) financing activities
-19,800	-136,700	-94,300	-88,200	-77,900	-73,500	-70,600	-12,700	46,800	96,100	-1,100	-63,300	-141,300	-84,700	-400	-9,400	11,900	-131,600	-102,600	-69,900	-36,600	-12,900	-23,900	161,200	190,500	252,200	228,900	47,800	29,300	28,600	0	0	0
Cash, Cash Equivalents and Restricted Cash
Net increase (decrease) in cash, cash equivalents and restricted cash
-53,200	-219,500	-300	-4,000	147,300	131,700	-9,100	-6,000	16,600	90,900	-6,700	-8,400	5,800	-6,700	19,100	21,500	17,500	15,900	-5,100	-3,900	-2,100	-500	5,100	5,500	4,300	2,200	0	-1,800	-7,800	-10,600	0	0	0
Other Cash Flow Information:
Interest paid, net of capitalized interest
31,100	32,500	33,500	32,700	33,400	34,400	35,900	33,400	25,700	24,900	19,200	20,700	26,200	26,200	26,100	27,000	26,200	27,300	28,400	29,300	29,700	29,800	29,700	25,800	21,700	19,100	17,100	13,800	16,700	14,900	0	0	0
Income tax (payments)/refunds, net
-23,700	-25,800	-26,500	-28,400	-5,200	-2,600	-1,900	400	3,700	4,000	4,000	3,600	300	0	0	0	0	-	-	-	-	14,200	14,600	17,800	14,700	12,000	5,700	6,200	1,300	2,000	0	0	0
Noncash Investing and Financing Activities:
Notes payable assumed in connection with acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Capital expenditures included in accounts payable and accrued and other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	8,300	-	9,400	7,400	8,700	5,700	-1,100	2,300	1,300	6,600	14,300	11,100	9,200	12,200	0	0	0
Capital expenditures included in accounts payable and accrued and other liabilities
0	-	0	0	0	-	0	0	4,200	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of shares for stock dividend
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Fair value of loan assumed in connection with acquisition
-	-	-	-	-	61,000	61,000	61,000	61,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Uncollected proceeds from disposal of equipment
-	-	-	-	-	-	-	-	-	1,900	1,900	2,100	4,400	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax-deferred property sales
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Tax-deferred property purchases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Right-of-use ("ROU") assets and corresponding lease liability recorded upon ASC 842 adoption
0	31,000	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of shares for stock dividend
-	-	-	-	-	626,400	626,400	626,400	626,400	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-