| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Net income attributable to AAM | ||||||||||
- | - | - | - | 235,600 | 143,000 | 94,500 | - | - | - | - |
Net income (loss) | ||||||||||
-484,100 | -56,800 | 337,500 | 240,700 | 235,600 | - | - | 366,700 | 137,100 | 114,500 | -253,300 |
Operating activities | ||||||||||
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities | ||||||||||
Depreciation and amortization | ||||||||||
536,900 | 528,800 | 428,500 | 201,800 | 198,400 | 199,900 | 177,000 | 152,200 | 139,400 | 131,600 | 134,700 |
Impairment charges | ||||||||||
667,900 | 515,500 | 1,500 | 3,400 | 0 | 0 | - | 5,800 | 8,700 | 8,700 | 151,700 |
Impairment charge | ||||||||||
- | - | - | 0 | - | - | - | - | - | - | - |
Deferred income taxes | ||||||||||
94,600 | 35,000 | 154,200 | -33,200 | -26,400 | 9,200 | 18,700 | 343,800 | -17,200 | 8,000 | 18,900 |
Stock-based compensation | ||||||||||
22,400 | 27,900 | 43,400 | 21,000 | 15,900 | 9,700 | 10,800 | 2,400 | 4,500 | 9,400 | 13,600 |
Pensions and other postretirement benefits, net of contributions | ||||||||||
-8,800 | -9,900 | -6,000 | -12,600 | -25,600 | 31,800 | 6,500 | -208,400 | -33,300 | -28,800 | -83,400 |
(Gain) loss on sale or acquisition of business | ||||||||||
-10,500 | 15,500 | 0 | 0 | - | - | - | - | - | - | - |
Loss on disposal of property, plant and equipment, net | ||||||||||
-4,100 | 3,200 | -1,600 | -4,300 | -4,200 | 2,600 | 3,500 | 1,900 | 6,900 | -2,900 | -700 |
Debt refinancing and redemption costs | ||||||||||
-8,400 | -4,000 | -3,500 | 0 | 800 | 0 | 9,200 | 1,500 | 1,800 | 0 | 7,700 |
Changes in operating assets and liabilities | ||||||||||
Accounts receivable | ||||||||||
-63,900 | -56,100 | 44,900 | 19,300 | 17,900 | 78,300 | 300 | 130,600 | 189,900 | 14,800 | -118,900 |
Inventories | ||||||||||
-56,100 | 83,100 | -2,500 | -12,200 | -11,200 | -10,900 | 42,500 | 49,900 | 50,200 | 38,900 | -19,600 |
Accounts payable and accrued expenses | ||||||||||
-97,700 | 7,500 | -12,600 | -14,200 | -2,100 | 13,700 | 66,300 | 60,900 | 37,100 | 112,000 | -50,700 |
Deferred revenue | ||||||||||
-17,900 | 10,700 | 14,800 | 7,200 | -26,800 | 24,500 | -5,600 | -21,600 | -74,700 | -70,100 | 20,900 |
Other assets and liabilities | ||||||||||
107,500 | 175,500 | -31,400 | 70,100 | 42,500 | 25,000 | 70,700 | 8,800 | 47,100 | -21,800 | 45,600 |
Net cash provided by (used in) operating activities | ||||||||||
559,600 | 771,500 | 647,000 | 407,600 | 377,600 | 318,400 | 223,000 | -175,500 | -56,300 | 240,300 | 15,900 |
Investing activities | ||||||||||
Purchases of property, plant and equipment | ||||||||||
433,300 | 524,700 | 477,700 | 223,000 | 193,500 | 206,500 | 251,900 | 207,600 | 163,100 | 108,300 | 137,700 |
Proceeds from sale of property, plant and equipment | ||||||||||
5,000 | 4,900 | 2,500 | 1,700 | 300 | 9,100 | 9,100 | 10,100 | 8,900 | 4,900 | 1,700 |
Purchase buyouts of leased equipment | ||||||||||
900 | 500 | 13,300 | 4,600 | 0 | 0 | - | - | 13,400 | 7,800 | 0 |
Proceeds from sale-leaseback of equipment | ||||||||||
- | - | - | - | - | - | 24,100 | 12,100 | 0 | 0 | - |
Proceeds from government grants | ||||||||||
- | - | - | - | 5,100 | 2,100 | 0 | 0 | - | - | - |
Final distribution of Reserve Yield Plus Fund | ||||||||||
- | - | - | - | 0 | 0 | - | - | - | - | - |
Proceeds from sale of business, net | ||||||||||
141,200 | 47,100 | 5,900 | 0 | 0 | - | - | - | - | - | - |
Acquisition of business, net of cash acquired | ||||||||||
9,400 | 1,300 | 895,500 | 5,600 | 0 | 0 | - | - | - | - | 10,200 |
Other, net | ||||||||||
- | - | - | -3,800 | - | - | - | - | - | - | - |
Investment in affiliates | ||||||||||
9,200 | 3,700 | 0 | 0 | - | - | - | - | 16,500 | 2,200 | - |
Redemption of short-term investments | ||||||||||
- | - | - | - | - | - | - | - | - | -6,400 | -71,600 |
Net cash used in investing activities | ||||||||||
-306,600 | -478,200 | -1,378,100 | -227,700 | -188,100 | -195,300 | -218,700 | -185,400 | -184,100 | -107,000 | -74,600 |
Financing activities | ||||||||||
Payment of Term Loan | ||||||||||
- | - | - | - | - | - | - | - | - | - | 250,000 |
Payments of long-term debt | ||||||||||
545,500 | 681,200 | 2,154,400 | 7,000 | 157,000 | 27,000 | 652,000 | 299,100 | 56,000 | 8,100 | 516,800 |
Net short-term proceeds from credit facilities | ||||||||||
0 | 0 | 4,400 | 0 | 0 | - | -29,900 | 10,400 | 2,600 | -60,000 | -163,100 |
Proceeds from issuance of long-term debt | ||||||||||
356,300 | 509,600 | 2,862,700 | 30,300 | 16,800 | 5,000 | 786,700 | 562,600 | 227,000 | 6,200 | 854,800 |
Debt issuance costs | ||||||||||
3,300 | 6,900 | 91,000 | 0 | 0 | 300 | 16,700 | 10,600 | 10,900 | 2,200 | 32,900 |
Purchase of noncontrolling interest | ||||||||||
0 | 2,300 | 0 | 0 | 1,100 | 0 | 0 | 4,000 | 0 | 2,100 | 0 |
Proceeds from issuance of common stock, net | ||||||||||
- | - | - | - | - | - | - | - | - | - | 109,700 |
Proceeds from issuance of warrants to GM | ||||||||||
- | - | - | - | - | - | - | - | - | - | 30,300 |
Employee stock option exercises | ||||||||||
0 | 0 | 900 | 300 | 800 | 1,200 | 1,100 | 100 | 4,600 | 1,100 | 1,000 |
Purchase of treasury stock | ||||||||||
7,500 | 3,700 | 7,000 | 5,200 | 3,100 | 300 | 400 | 5,900 | 100 | 1,300 | 900 |
Net cash provided by (used in) financing activities | ||||||||||
-200,000 | -184,500 | 615,600 | 18,400 | -143,600 | -21,400 | 88,800 | 253,500 | 167,200 | -66,400 | 32,100 |
Effect of exchange rate changes on cash | ||||||||||
100 | -6,700 | 11,100 | 400 | -12,600 | -6,500 | -1,500 | 600 | -2,200 | -400 | 5,900 |
Net increase (decrease) in cash, cash equivalents and restricted cash | ||||||||||
53,100 | 102,100 | -104,400 | 198,700 | 33,300 | 95,200 | 91,600 | -106,800 | -75,400 | 66,500 | -20,700 |
Supplemental cash flow information | ||||||||||
Interest paid | ||||||||||
205,400 | 199,700 | 182,700 | 87,200 | 93,800 | 91,100 | 123,200 | 88,900 | 73,100 | 61,600 | 80,000 |
Income taxes paid, net of refunds | ||||||||||
57,100 | 46,000 | 31,900 | 48,600 | 11,300 | 11,300 | 11,600 | 14,700 | 10,900 | -43,100 | 3,800 |
Non-cash investing activities: AAM common shares issued for acquisition of MPG | ||||||||||
0 | 0 | 576,700 | 0 | 0 | - | - | - | - | - | - |
Twelve year deferred payment obligation at 6% [Member] | ||||||||||
Non-cash investing activities: Debt security received for sale of U.S. Casting | ||||||||||
60,000 | 0 | 0 | - | - | - | - | - | - | - | - |