American railcar industries, inc. (ARII)
CashFlow / Quarterly
Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Operating activities:
Net earnings

13,073

9,192

12,991

111,852

8,858

10,899

10,568

22,286

7,689

19,896

22,792

36,151

29,357

32,969

34,976

22,723

23,824

32,216

20,770

24,370

20,970

23,619

17,937

24,448

14,010

13,361

12,004

5,070

4,026

569

-5,329

Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation

15,760

15,642

14,931

14,780

14,572

14,301

13,873

13,487

13,113

12,961

12,655

12,544

12,214

10,910

10,061

9,789

8,751

7,989

7,683

7,279

7,038

6,860

6,535

6,344

6,220

5,884

5,402

5,295

5,418

5,688

5,766

Amortization of deferred costs

126

126

125

127

127

125

125

127

127

126

126

88

77

76

152

186

127

127

109

147

173

130

183

118

138

174

175

175

175

174

175

Net gain on disposal of property, plant, equipment and leased railcars

252

86

181

2

101

-1

13

47

34

7

-25

-109

-43

-2

0

-1

69

48

-45

51

-28

-47

0

-

-

-

-

-

-

-

-

Loss on disposal of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-51

17

34

-89

-16

-3

-63

Share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

997

2,117

696

-

-3,087

-189

2,148

Change in interest receivable, due from related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33

46

41

Change in interest receivable, due from related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33

46

41

Earnings from joint ventures

368

535

1,343

650

232

796

550

366

1,614

1,458

1,486

472

1,402

2,141

1,797

1,833

3

335

-601

-6,313

-505

-804

-973

-482

-849

466

414

-659

-2,170

-2,829

-2,242

Provision for deferred income taxes

5,078

2,575

4,790

-93,881

8,142

13,940

12,780

10,797

4,179

6,523

8,640

39,752

11,763

5,412

4,717

61,187

4,148

3,142

3,892

15,710

4,700

9,010

10,287

12,410

8,755

8,243

7,705

-

2,519

393

-3,224

Items related to investing activities:
Provision for allowance for doubtful accounts receivable

-

-

-

-

-

-

-

-

-

-

-

-

85

-4

-16

-

921

-47

31

34

20

6

-12

-18

-171

296

-17

-

-

-

-

Realized and unrealized gains on short-term investmentsavailable for sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

141

-

-

-

-

-

-

-

-

Loss on debt extinguishment

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-2,126

0

0

0

-1,896

0

0

0

-392

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Adjustment to provision for losses on accounts receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4

24

-46

Accounts receivable, net

2,132

5,482

-14,670

9,718

-6,134

14,703

-14,310

14,704

-15,835

12,115

-694

-10,435

8,134

-8,313

6,149

3,728

2,997

-35,856

40,846

-8,748

-7,416

5,841

-3,754

573

15,350

-24,539

11,184

1,179

-8,285

21,177

-1,455

Accounts receivable, due from related parties

2,584

-823

435

-468

-1,185

-4,037

1,680

-1,109

-198

-1,251

-2,071

-4,662

-3,430

4,965

-20,391

7,939

3,659

6,140

-1,035

3,589

7,250

-8,063

10,128

-4,016

-5,788

8,867

-1,651

2,618

900

98

-2,446

Income taxes receivable

538

-1,017

60

2,682

1,946

12,196

52

-189

-129

320

-1,246

-9,032

0

405

-22,272

31,576

0

1,904

-1,904

-

-

-

-

-

-

-

-

-10,602

0

145

-133

Inventories, net

1,655

4,785

21,918

-18,520

1,820

-8,034

3,770

-9,726

7,919

1,262

-21,429

-28,772

8,529

-4,299

4,730

11,700

13,064

-13,703

15,874

-11,825

9,040

6,759

-23,793

-22,262

22,135

5,198

9,153

-18,820

44,535

11,084

9,014

Prepaid expenses and other current assets

-475

90

413

369

-284

-183

-52

1,226

-1,316

847

1,796

-2,054

-33

-16

897

2,510

-1,208

-2,205

5,147

368

-1,242

-1,605

2,877

-1,375

-318

439

633

1,037

67

-314

1,095

Accounts payable

5,644

-3,261

9,542

-4,129

1,050

-5,880

897

-7,968

12,585

-1,591

-9,786

-26,740

3,217

-17,911

8,804

-4,600

16,773

-6,562

10,423

-5,257

15,273

-1,759

-20,441

-2,461

-8,205

8,748

4,571

-4,103

26,401

7,469

3,221

Accounts payable, due to related parties

52

-6

-35

23

-168

-3,376

311

1,357

-13

-570

-1,999

1,628

-918

462

511

-155

1,026

5

507

-76

962

-246

-2,061

1,881

-50

529

-329

301

407

-792

609

Accrued expenses and taxes

6,531

2,372

-1,665

-1,623

969

-2,919

-5,482

-6,685

15,058

4,840

3,674

-21,576

5,768

-2,220

-1,077

-3,793

16,975

-15,222

2,679

-11,015

21,244

-189

-4,572

8,752

-8,039

5,145

-2,225

6,172

-5,062

5,950

-2,877

Other

-320

127

561

-7,831

-2,283

94

-1,050

-3,851

-617

-2,189

417

-725

-91

78

3,770

9

-107

-17

-2,883

5,017

-157

-665

5,046

1,847

175

-377

566

-1,105

214

690

559

Net cash provided by operating activities

39,530

20,929

30,438

40,450

38,944

9,733

42,419

31,803

61,216

29,616

57,868

97,099

47,095

34,735

85,574

25,138

54,068

65,002

-7,409

46,737

63,438

36,015

18,576

74,025

-14,048

53,752

7,649

47,343

-4,485

-10,808

-3,927

Investing activities:
Purchases of property, plant and equipment

2,844

3,740

802

-

1,390

1,872

1,550

-

4,834

6,820

4,367

-

11,022

10,382

4,972

-

6,219

3,897

3,585

-

4,416

4,786

6,141

-

5,101

4,006

1,337

3,016

1,625

832

729

Grant Proceeds

-

-

0

-

-

-

100

0

0

75

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures - leased railcars

54,413

1,201

18,068

31,397

28,623

47,856

55,909

20,945

35,943

12,824

20,620

-3,450

82,518

84,483

48,095

119,819

101,340

42,574

43,947

53,754

27,437

37,258

43,619

42,676

29,729

73,441

40,072

-

-

-

-

Proceeds from the disposal of property, plant, and equipment and leased railcars

873

414

743

-

344

0

73

-

239

0

640

-

5

113

0

-

-

-

-

-

-

-

-

5

106

110

38

-

-

-

-

Proceeds from Sale of Available-for-sale Securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

12,699

-

-

-

-

-

-

-

-

Proceeds from repayments of loans by joint ventures

1,477

1,476

1,477

-

1,477

1,476

1,477

-

1,477

1,476

1,477

-

3,250

1,250

1,250

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments in and loans to joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

20

-20

136

204

1,286

-217

583

483

2,932

1,657

639

Proceeds from repayments of loans by joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

875

1,125

-

800

800

500

-

-

-

-

-

-

-

-

Net cash used in investing activities

-54,907

-3,051

-16,650

-32,166

-21,743

-44,266

-55,809

-25,964

-47,811

-18,093

-22,870

-5,034

-90,285

-93,502

-51,817

-125,088

-106,352

-45,353

-46,407

-57,384

-31,073

-41,222

-36,697

-60,905

-34,582

-76,956

-41,954

-24,288

-12,432

-2,372

-1,368

Financing activities:
Repayments of debt

6,400

6,391

6,371

-

6,432

6,359

6,310

-

6,454

6,432

106,402

-

6,452

6,423

413,275

-

2,653

2,653

196,527

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of short-term and long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

175,328

-

-

-

-

-

-

-

-

Proceeds from short-term and long-term debt

-

-

-

-

-

-

-

-

-

-

-

100,000

0

0

625,306

100,000

0

0

318,682

0

0

49,841

50,000

-

-

-

-

-

-

-

-

Change in interest reserve related to long-term debt

-

-

-

-

-

-

-

-45

104

-121

-142

-104

-33

82

9,794

-39

-21

-40

87

-57

3,965

0

0

-

-

-

-

-

-

-

-

Stock repurchases

-

-

-

-

-

-

-

11,206

485

6,045

10,872

7,982

49,441

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of common stock dividends

7,634

7,634

7,633

7,633

7,634

7,634

7,633

7,633

7,760

7,788

7,825

7,939

8,222

8,541

8,541

8,541

8,541

8,541

8,541

5,338

5,338

5,338

5,338

-

-

-

-

-

-

-

-

Debt issuance costs

-

-

-

-

-

-

-

0

-1

4

10

586

0

0

5,271

141

0

22

2,403

111

19

201

212

-

-

-

-

-

-

-

-

Proceeds from stock option exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

756

Net cash used in financing activities

-14,034

-14,025

-14,004

-14,046

-14,066

-13,993

-13,943

-25,289

-14,802

-20,148

-124,967

77,102

-64,082

-15,046

188,425

88,704

-11,173

-11,176

111,124

-7,051

-10,981

42,865

-130,878

-

-

-

-

0

0

0

756

Effect of exchange rate changes on cash

64

-67

-83

3

87

65

4

-28

-5

-5

-14

-86

-21

33

-235

-98

-145

94

-72

-70

51

-77

-42

-15

49

-32

20

18

-35

6

6

Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Excluding Exchange Rate Effect

-29,347

3,786

-299

-

3,222

-48,461

-27,329

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Decrease) increase in cash and cash equivalents

-

-

-

-

-

-

-

-19,478

-1,402

-8,630

-89,983

169,081

-107,293

-73,780

221,947

-11,344

-63,602

8,567

57,236

-17,768

21,435

37,581

-149,041

105,850

-150,456

-23,236

-34,285

23,073

-16,952

-13,174

-4,533