American railcar industries, inc. (ARII)
CashFlow / TTM
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

147,108

142,893

144,600

142,177

52,611

51,442

60,439

72,663

86,528

108,196

121,269

133,453

120,025

114,492

113,739

99,533

101,180

98,326

89,729

86,896

86,974

80,014

69,756

63,823

44,445

34,461

21,669

4,336

0

0

0

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

61,113

59,925

58,584

57,526

56,233

54,774

53,434

52,216

51,273

50,374

48,323

45,729

42,974

39,511

36,590

34,212

31,702

29,989

28,860

27,712

26,777

25,959

24,983

23,850

22,801

21,999

21,803

22,167

0

0

0

Amortization of deferred costs

504

505

504

504

504

504

505

506

467

417

367

393

491

541

592

549

510

556

559

633

604

569

613

605

662

699

699

699

0

0

0

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

521

370

283

115

160

93

101

63

-93

-170

-179

-154

-46

66

116

71

123

26

-69

-24

0

0

0

-

-

-

-

-

-

-

-

Loss on disposal of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-89

-54

-74

-171

0

0

0

Share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Change in interest receivable, due from related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Change in interest receivable, due from related parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Earnings from joint ventures

2,896

2,760

3,021

2,228

1,944

3,326

3,988

4,924

5,030

4,818

5,501

5,812

7,173

5,774

3,968

1,570

-6,576

-7,084

-8,223

-8,595

-2,764

-3,108

-1,838

-451

-628

-1,949

-5,244

-7,900

0

0

0

Provision for deferred income taxes

-81,438

-78,374

-67,009

-59,019

45,659

41,696

34,279

30,139

59,094

66,678

65,567

61,644

83,079

75,464

73,194

72,369

26,892

27,444

33,312

39,707

36,407

40,462

39,695

37,113

0

0

0

-

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

939

38

91

48

-4

-195

95

90

0

0

0

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Loss on debt extinguishment

-

-

-

-

-

-

-

-

-

-

-

-2,126

-2,126

-2,126

-2,126

-1,896

-1,896

-1,896

-1,896

-392

0

0

0

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Accounts receivable, net

2,662

-5,604

3,617

3,977

8,963

-738

-3,326

10,290

-14,849

9,120

-11,308

-4,465

9,698

4,561

-22,982

11,715

-761

-11,174

30,523

-14,077

-4,756

18,010

-12,370

2,568

3,174

-20,461

25,255

12,616

0

0

0

Accounts receivable, due from related parties

1,728

-2,041

-5,255

-4,010

-4,651

-3,664

-878

-4,629

-8,182

-11,414

-5,198

-23,518

-10,917

-3,828

-2,653

16,703

12,353

15,944

1,741

12,904

5,299

-7,739

9,191

-2,588

4,046

10,734

1,965

1,170

0

0

0

Income taxes receivable

2,263

3,671

16,884

16,876

14,005

11,930

54

-1,244

-10,087

-9,958

-9,873

-30,899

9,709

9,709

11,208

31,576

0

0

0

-

-

-

-

-

-

-

-

-10,590

0

0

0

Inventories, net

9,838

10,003

-2,816

-20,964

-12,170

-6,071

3,225

-21,974

-41,020

-40,410

-45,971

-19,812

20,660

25,195

15,791

26,935

3,410

-614

19,848

-19,819

-30,256

-17,161

-18,722

14,224

17,666

40,066

45,952

45,813

0

0

0

Prepaid expenses and other current assets

397

588

315

-150

707

-325

705

2,553

-727

556

-307

-1,206

3,358

2,183

-6

4,244

2,102

2,068

2,668

398

-1,345

-421

1,623

-621

1,791

2,176

1,423

1,885

0

0

0

Accounts payable

7,796

3,202

583

-8,062

-11,901

-366

3,923

-6,760

-25,532

-34,900

-51,220

-32,630

-10,490

3,066

14,415

16,034

15,377

13,877

18,680

-12,184

-9,388

-32,866

-22,359

2,653

1,011

35,617

34,338

32,988

0

0

0

Accounts payable, due to related parties

34

-186

-3,556

-3,210

-1,876

-1,721

1,085

-1,225

-954

-1,859

-827

1,683

-100

1,844

1,387

1,383

1,462

1,398

1,147

-1,421

536

-476

299

2,031

451

908

-413

525

0

0

0

Accrued expenses and taxes

5,615

53

-5,238

-9,055

-14,117

-28

7,731

16,887

1,996

-7,294

-14,354

-19,105

-1,322

9,885

-3,117

639

-6,583

-2,314

12,719

5,468

25,235

-4,048

1,286

3,633

1,053

4,030

4,835

4,183

0

0

0

Other

-7,463

-9,426

-9,459

-11,070

-7,090

-5,424

-7,707

-6,240

-3,114

-2,588

-321

3,032

3,766

3,750

3,655

-2,998

2,010

1,960

1,312

9,241

6,071

6,403

6,691

2,211

-741

-702

365

358

0

0

0

Net cash provided by operating activities

131,347

130,761

119,565

131,546

122,899

145,171

165,054

180,503

245,799

231,678

236,797

264,503

192,542

199,515

229,782

136,799

158,398

167,768

138,781

164,766

192,054

114,568

132,305

121,378

94,696

104,259

39,699

28,123

0

0

0

Investing activities:
Purchases of property, plant and equipment

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

13,460

9,984

6,810

6,202

0

0

0

Grant Proceeds

-

-

-100

-

-

-

175

75

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures - leased railcars

105,079

79,289

125,944

163,785

153,333

160,653

125,621

90,332

65,937

112,512

184,171

211,646

334,915

353,737

311,828

307,680

241,615

167,712

162,396

162,068

150,990

153,282

189,465

185,918

0

0

0

-

-

-

-

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

0

0

0

-

0

0

0

-

0

0

762

-

0

0

0

-

-

-

-

-

-

-

-

259

0

0

0

-

-

-

-

Proceeds from Sale of Available-for-sale Securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,699

0

0

0

-

-

-

-

-

-

-

-

Proceeds from repayments of loans by joint ventures

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investments in and loans to joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

136

340

1,606

1,409

1,856

2,135

3,781

5,655

5,711

0

0

0

Proceeds from repayments of loans by joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-106,774

-73,610

-114,825

-153,984

-147,782

-173,850

-147,677

-114,738

-93,808

-136,282

-211,691

-240,638

-360,692

-376,759

-328,610

-323,200

-255,496

-180,217

-176,086

-166,376

-169,897

-173,406

-209,140

-214,397

-177,780

-155,630

-81,046

-40,460

0

0

0

Financing activities:
Repayments of debt

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of short-term and long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Proceeds from short-term and long-term debt

-

-

-

-

-

-

-

-

-

-

-

725,306

725,306

725,306

725,306

418,682

318,682

318,682

368,523

99,841

0

0

0

-

-

-

-

-

-

-

-

Change in interest reserve related to long-term debt

-

-

-

-

-

-

-

-204

-263

-400

-197

9,739

9,804

9,816

9,694

-13

-31

3,955

3,995

3,908

0

0

0

-

-

-

-

-

-

-

-

Stock repurchases

-

-

-

-

-

-

-

28,608

25,384

74,340

68,295

57,423

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of common stock dividends

30,534

30,534

30,534

30,534

30,534

30,660

30,814

31,006

31,312

31,774

32,527

33,243

33,845

34,164

34,164

34,164

30,961

27,758

24,555

21,352

0

0

0

-

-

-

-

-

-

-

-

Debt issuance costs

-

-

-

-

-

-

-

13

599

600

596

5,857

5,412

5,412

5,434

2,566

2,536

2,555

2,734

543

0

0

0

-

-

-

-

-

-

-

-

Proceeds from stock option exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

756

0

0

0

Net cash used in financing activities

-56,109

-56,141

-56,109

-56,048

-67,291

-68,027

-74,182

-185,206

-82,815

-132,095

-126,993

186,399

198,001

250,910

254,780

177,479

81,724

81,916

135,957

-106,045

0

0

0

-

-

-

-

756

0

0

0

Effect of exchange rate changes on cash

-83

-60

72

159

128

36

-34

-52

-110

-126

-88

-309

-321

-445

-384

-221

-193

3

-168

-138

-83

-85

-40

22

55

-29

9

-5

0

0

0

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

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Decrease) increase in cash and cash equivalents

-

-

-

-

-

-

-

-119,493

69,066

-36,825

-101,975

209,955

29,530

73,221

155,568

-9,143

-15,567

69,470

98,484

-107,793

15,825

-156,066

-216,883

-102,127

-184,904

-51,400

-41,338

-11,586

0

0

0