ARMSTRONG WORLD INDUSTRIES, INC. AWI Cash Flow

Armstrong world industries, inc. (AWI)

CashFlow / Quarterly

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	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities:
Net (loss) earnings
-226,200	47,700	73,200	54,500	39,100	34,600	76,200	47,300	27,800	-1,500	49,400	41,300	30,400	27,100	70,600	16,900	-9,900	-13,800	31,800	29,600	46,600	-3,600	31,600	18,900	16,900	10,800	50,400	29,900	3,000	8,400	62,900	41,800	18,200	8,500	52,500	37,900	13,500
Adjustments to reconcile net (loss) earnings to net cash provided by operating activities:
Depreciation and amortization
18,200	19,700	18,600	18,700	15,100	17,900	17,200	21,500	22,800	26,300	24,300	19,700	18,900	19,100	19,900	20,000	30,200	31,400	29,500	28,900	28,500	31,300	35,400	32,700	30,000	29,600	27,600	26,400	25,400	27,000	25,400	26,100	34,200	25,000	27,000	29,900	31,900
Loss (gain) on disposal of discontinued operations
-5,000	700	-27,300	-6,800	2,200	1,700	2,400	-5,700	-17,700	-109,200	0	0	-100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Write-off debt refinancing fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	18,900	-	-	-	-	-	-	-	-
Fixed and intangible asset impairments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	300	300	0	4,600	-	-	-	-
Deferred income taxes
93,000	23,900	-25,700	-7,200	-5,000	13,000	-10,200	2,500	-1,500	65,300	-16,600	-9,000	-27,400	-23,000	-24,500	-5,000	1,500	9,800	8,800	-2,100	32,000	-7,300	-15,200	-7,200	-11,800	-9,000	-16,200	-9,400	-2,400	-27,300	-23,000	18,000	5,800	-129,000	27,300	18,500	20,500
Share-based compensation
900	2,400	3,000	2,300	1,800	4,800	3,900	2,700	2,600	2,100	3,000	2,600	2,500	2,800	2,900	4,100	2,600	2,200	3,600	3,400	4,200	2,500	2,300	2,800	5,100	3,200	3,900	3,700	5,100	3,500	4,100	3,800	4,200	2,600	2,500	2,900	3,100
Equity earnings from joint venture
19,500	13,600	42,900	21,200	18,900	15,700	18,700	24,200	16,300	15,100	13,900	19,700	18,300	16,100	19,000	19,900	18,100	16,500	19,600	16,400	13,600	13,900	18,800	17,600	14,800	13,200	16,600	14,400	15,200	11,900	15,500	14,900	13,600	10,500	15,400	12,600	16,400
Separation costs
-	-	-	-	-	-	-	-	-	-	-	-	-	1,500	2,000	3,900	27,100	17,500	7,400	5,100	4,300	-	-	-	-	-	-	-	-	-	-	0	200	-	700	2,400	4,900
Loss on interest rate swap
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	10,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
U.S. pension cost (credit)
371,600	-1,800	-1,900	-1,900	-1,900	-6,600	-6,600	-6,500	-6,600	-6,500	14,400	-6,200	-6,200	3,200	3,200	3,200	5,400	6,300	31,500	-6,300	-6,300	1,100	-200	-100	-200	-	-	-	-	3,000	3,100	3,000	3,100	6,500	6,500	19,500	-6,500
Non-cash foreign currency translation on intercompany loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,300	-16,600	3,500	600	-25,100	-8,300	2,800	-6,600	-	-	-	-	-	-	-	-	-	-	-	-
Other non-cash adjustments, net
-200	-200	-1,300	-800	-200	-2,300	500	-1,900	800	-200	200	100	300	-5,000	300	900	3,000	-	-	-800	600	-	-	-	-	-1,500	4,800	1,000	300	3,400	4,400	100	-4,600	-1,800	-6,600	4,500	700
Restructuring payments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	1,200	1,400	1,700	4,300	7,400	6,600
Changes in operating assets and liabilities:
Receivables
12,500	-3,300	-10,000	17,900	-3,500	-4,700	-1,100	15,100	-22,500	9,700	900	11,200	15,300	-17,400	1,600	12,200	27,500	-21,700	-9,500	3,100	25,400	-30,700	-17,300	31,300	22,900	-38,100	-18,800	30,500	35,200	-50,200	-10,900	17,200	35,100	-62,100	-7,700	8,400	63,400
Inventories
1,000	-1,200	-1,600	-1,400	11,400	-5,400	-7,800	4,800	17,300	-5,100	-300	-500	2,300	2,600	5,000	-300	-300	5,300	-5,600	-3,400	19,400	-16,600	-1,900	-1,900	47,200	-4,000	-6,500	-7,200	29,600	-14,600	-4,200	7,600	11,800	-35,200	-3,500	11,600	17,900
Other current assets
-	-	-	-	-	-5,800	1,000	-5,500	900	-5,800	5,800	-400	-1,800	4,400	-1,900	-18,500	8,900	-4,700	8,700	5,200	-1,900	3,600	2,800	-6,600	9,900	500	2,300	2,900	3,500	7,200	-5,400	-5,600	14,200	-1,600	-7,400	1,100	7,200
Other non-current assets
-	-	-	-	-	4,300	800	-200	600	-1,700	500	2,200	600	2,900	-1,900	4,300	4,600	-13,700	2,800	-500	3,500	-2,400	3,300	1,600	2,600	-6,300	-6,800	0	6,000	-4,800	1,400	600	-900	-	-	2,600	-7,400
Accounts payable and accrued expenses
-25,800	7,100	-2,500	-19,500	-5,000	14,300	1,400	16,100	-26,400	15,900	3,700	-11,300	-28,300	6,100	1,800	-21,800	-68,200	7,900	2,700	30,700	-26,300	-22,900	-9,800	32,700	-6,100	-17,000	15,200	22,700	16,500	-17,600	2,500	12,800	-21,300	-33,200	700	31,300	12,600
Income taxes receivables and payables, net
-	-	-	-	-	-1,800	-17,600	21,000	5,900	-11,000	-23,000	11,400	3,800	-25,200	-43,000	11,600	7,300	6,700	18,400	15,400	-6,900	10,000	1,200	7,200	5,800	-7,400	4,300	12,700	6,700	-8,600	32,900	2,500	6,600	4,600	2,000	-2,300	-6,100
Other long-term liabilities
-	-	-	-	-	-2,400	-3,000	-4,400	-4,600	7,600	-3,300	-4,000	-1,500	-2,600	-700	-14,100	-4,600	-10,200	-6,600	-3,500	-1,900	-3,600	-5,300	-5,100	-7,000	-11,700	-10,900	-7,500	-5,200	-5,900	-7,200	-3,100	-11,700	-900	-11,300	2,300	-5,200
Other assets and liabilities
-7,800	1,000	-400	-8,500	10,600	-	-2,800	1,400	1,300	-700	1,600	-1,500	1,400	500	500	1,800	2,300	4,800	-600	1,500	-4,300	-2,700	-3,300	3,600	-1,200	-1,200	5,000	-100	-3,000	-	-	-	-	-	-	-	-
Net cash provided by operating activities
25,700	61,300	74,400	32,300	14,700	44,200	70,000	63,000	26,000	65,500	62,500	31,800	10,600	51,900	52,800	9,600	-65,000	59,700	85,100	93,000	-34,100	97,700	88,700	55,300	-32,900	52,000	118,500	57,200	-14,000	78,900	111,100	62,900	-32,900	69,800	97,800	68,200	-36,100
Cash flows from investing activities:
Purchases of property, plant and equipment
12,000	27,300	16,900	12,300	14,800	31,200	15,100	15,400	10,200	26,500	18,400	19,500	25,300	28,500	22,300	24,900	28,500	74,000	40,500	30,000	26,200	71,800	48,200	62,000	40,900	73,800	47,500	40,100	52,300	73,100	48,300	43,000	34,400	58,800	42,100	30,400	19,300
Return of investment from joint venture
18,100	20,800	25,800	18,900	19,700	52,800	53,000	19,900	16,000	16,300	17,800	15,800	19,200	18,400	19,300	31,300	17,900	16,600	19,500	12,800	15,300	17,100	19,100	13,500	18,200	14,700	16,600	14,900	14,900	15,100	14,700	16,100	17,600	64,700	14,700	11,700	11,300
Cash paid for acquisitions
-	13,000	300	0	43,100	-	-	-	-	-200	0	0	31,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-200	-1,300	-	-	-	-
Proceeds from (payment of) company-owned life insurance, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	100	0	200	300	200	0	-100	-1,000	-100	200	200	-	-	-	-
Proceeds from the sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,800	6,100	100	800	900	-	-	-	-	-	-	-	-	2,100	3,000	200	200
Proceeds from settlement of note receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities
-3,800	-	-	-	-200	-	-	-	-	-	-	-	-	0	0	0	-300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used for) investing activities
9,900	-18,200	-39,300	6,400	-38,000	23,700	287,200	-7,100	5,800	-12,900	-600	-3,200	-37,500	-10,100	-3,000	6,400	-10,300	-56,200	-21,000	-16,200	-8,100	-52,400	-29,100	-45,800	-22,000	-59,400	-23,900	-25,200	-37,300	-30,200	-19,100	-26,900	-15,700	32,900	-19,700	-14,900	-7,800
Cash flows from financing activities:
Proceeds from short-term debt
30,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from revolving credit facility
100,000	-	-	-	-	-	-	-	-	0	10,000	68,000	25,000	0	0	50,000	40,000	-	-	-	-	40,000	0	15,000	67,800	-	-	-	-	-	-	-	-	-	-	0	100
Payments of revolving credit facility
20,000	-	-	-	-	-	-	-	-	0	25,000	68,000	10,000	0	0	50,000	40,000	-	-	-	0	40,000	57,800	0	25,000	-	-	-	-	-	-	-	1,400	-	0	0	25,000
Proceeds from long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,000	58,000	0	1,025,000	-1,900	0	0	251,900	-	-	-	-
Payments of long-term debt
-	35,000	766,600	15,700	8,100	8,100	8,100	8,200	8,100	8,200	8,100	8,100	600	1,300	700	411,400	20,700	10,700	10,700	10,700	7,400	7,600	7,500	7,600	1,200	29,100	59,200	1,200	1,026,000	9,600	8,900	2,000	1,500	27,600	2,700	2,200	1,600
Financing costs
-	-	-	-	-	-	-	-	-	0	0	0	600	-	-	-	-	-	-	-	-	-	-	-	-	100	-100	0	7,200	0	0	500	7,600	0	100	100	7,700
Dividend paid
9,600	9,700	8,600	8,800	8,500	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,200	100	0	0	1,200	400	300	0	700	3,600	300	503,100	100	-	-	-	-
Proceeds from share-based compensation plans, net of tax
800	-	-	-	4,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercised stock options
-	-	-	-	-	-	-	-	13,900	-	0	500	100	-	-	-	-	100	2,000	1,100	3,200	6,500	1,300	1,200	8,800	4,300	500	1,100	2,700	2,800	100	1,000	8,300	500	400	5,500	1,300
Excess tax benefit from share-based awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,000	2,200	600	-	-	-	-	900	4,000	800	2,700	-	-	-	-	-	-	-	-	-	-	-	-
Payment for treasury stock acquired
34,400	50,100	33,100	28,100	20,000	50,500	151,100	35,000	70,000	5,000	4,500	20,900	50,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other financing activities
-	-	-	-	1,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of company owned life insurance loans, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used for) financing activities
66,800	-95,900	-186,400	-72,700	-29,900	-66,800	-156,700	-41,600	-64,200	-10,500	-27,600	-28,500	-36,100	-40,700	-5,300	-62,800	-20,100	-8,700	-8,600	-9,500	-5,500	2,000	-60,000	9,400	51,900	4,900	-262,300	-100	-6,200	-11,000	-13,600	-498,700	249,600	3,400	-2,500	3,200	-32,900
Effect of exchange rate changes on cash and cash equivalents
-800	100	-1,000	500	1,300	-2,400	-2,500	-2,200	-300	1,000	2,500	-1,400	2,100	-1,700	-1,400	-3,600	400	0	-7,100	2,300	-5,600	-10,400	-3,800	2,700	-1,200	0	700	-5,200	-900	100	2,900	-3,300	1,700	-2,400	-3,300	3,700	5,400
Net increase (decrease) in cash and cash equivalents
101,600	-52,700	-152,300	-33,500	-51,900	-1,300	198,000	12,100	-32,700	43,100	36,800	-1,300	-60,900	-600	43,100	-50,400	-95,000	-5,200	48,400	69,600	-53,300	36,900	-4,200	21,600	-4,200	-2,500	-167,000	26,700	-58,400	37,800	81,300	-466,000	202,700	103,700	72,300	60,200	-71,400
Supplemental Cash Flow Disclosures:
Interest paid
6,900	6,200	7,500	8,600	10,800	5,300	9,300	7,600	7,700	7,600	7,700	7,700	7,700	8,200	7,600	7,500	10,100	9,600	9,900	9,900	10,000	10,100	10,100	10,000	10,000	10,200	10,800	10,300	11,100	12,700	12,300	12,500	9,500	9,400	9,400	10,600	11,100
Income tax payments, net
1,100	12,100	22,700	20,600	3,000	31,600	18,600	-400	1,800	11,900	18,000	8,400	-6,200	9,800	14,200	5,800	3,900	6,500	14,600	7,700	15,600	1,900	5,900	5,500	1,700	5,600	2,700	3,500	2,600	2,900	4,300	1,700	-500	1,800	1,400	7,000	9,700
Amounts in accounts payable for capital expenditures
100	1,200	200	-400	900	1,300	-200	-1,500	2,300	800	-1,000	400	2,400	-300	-2,700	-900	8,300	-6,900	300	700	20,200	1,200	3,100	-2,400	16,800	-500	-4,000	4,900	14,900	10,600	800	2,500	12,000	-	-	-	-