AMERICAN AXLE & MANUFACTURING HOLDINGS, INC AXL Cash Flow

American axle & manufacturing holdings, inc (AXL)

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
Net income attributable to AAM
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	61,100	62,900	60,900	58,600	53,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss)
-501,200	-454,400	-124,100	52,700	41,700	-361,600	64,000	151,300	89,500	106,500	86,300	66,300	78,400	-	-	-	-	-	-	-	-	-	-	-	33,600	-	31,600	25,800	7,300	319,900	-8,200	4,700	50,300	30,000	22,600	47,900	36,600
Operating activities
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Depreciation and amortization
129,600	125,400	134,200	136,500	140,800	137,900	132,900	130,200	127,800	125,100	122,600	124,600	56,200	51,400	49,900	50,700	49,800	48,700	49,100	50,600	50,000	53,800	51,100	48,100	46,900	47,600	45,700	42,400	41,300	39,800	38,700	37,000	36,700	35,600	35,000	34,900	33,900
Impairment charge
510,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-36,000	7,000	55,800	14,400	17,400	86,700	-13,700	-24,600	-13,400	110,400	19,200	19,200	5,400	-900	-11,400	-13,500	-7,400	-10,400	-5,900	-6,200	-3,900	16,000	-1,900	-5,600	700	17,400	-200	-1,100	2,600	342,800	2,100	-600	-500	-39,800	300	22,600	-300
Stock-based compensation
4,600	4,900	6,300	5,700	5,500	7,200	7,000	7,000	6,700	6,200	6,300	25,400	5,500	5,200	5,300	5,300	5,200	4,100	4,100	4,100	3,600	2,600	2,500	2,600	2,000	1,000	6,600	1,900	1,300	1,100	700	200	400	700	700	1,000	2,100
Pensions and other postretirement benefits, net of contributions
-1,800	1,600	-900	-6,100	-3,400	-6,800	-2,500	-2,200	1,600	-6,600	1,100	1,200	-1,700	-6,900	-3,300	-600	-1,800	-24,200	-1,600	900	-700	31,200	-800	1,500	-100	-4,500	5,100	4,900	1,000	1,300	-180,200	-12,800	-16,700	-21,100	-13,800	-3,600	5,200
Loss on disposal of property, plant and equipment, net
-5,100	-2,800	-200	-900	-200	-100	-1,600	5,300	-400	-900	400	-600	-500	-2,100	-1,100	-500	-600	-400	-3,000	-800	0	-1,400	0	0	4,000	-200	200	3,700	-200	1,000	100	200	600	600	-200	7,200	-700
Debt refinancing and redemption costs
-1,500	-900	-5,100	-2,400	0	-4,800	0	11,100	-10,300	-800	0	-2,700	0	-	-	-	-	-	-	-	-	-	-	-	-	6,700	0	-100	2,600	1,100	400	0	0	-	-	-	-
Undistributed earnings in affiliate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-800	-600	-800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities
Accounts receivable
-11,300	-172,300	-62,100	-64,500	235,000	-304,100	22,300	34,700	191,000	-86,100	-8,800	2,200	137,600	-120,700	39,400	-2,200	102,800	-101,600	8,800	-29,900	140,600	-64,200	-44,800	-6,900	194,200	-135,400	36,600	28,400	70,700	264,100	9,100	23,700	-166,300	-50,200	189,800	112,700	-62,400
Inventories
27,100	-37,300	-18,800	6,900	-6,900	15,900	19,800	38,700	8,700	-5,800	9,500	-3,200	-3,000	1,500	-7,400	-3,800	-2,500	-2,000	-900	-1,100	-7,200	1,400	-3,900	-3,200	-5,200	12,400	17,800	-3,200	15,500	117,100	-33,000	-9,500	-24,700	20,700	12,700	19,600	-2,800
Accounts payable and accrued expenses
12,700	-106,300	-15,900	-16,300	40,800	-181,200	105,000	22,900	60,800	-77,900	20,300	-46,800	91,800	-112,300	23,300	26,400	48,400	-70,600	8,600	7,400	52,500	-54,700	15,300	28,100	25,000	-44,700	59,900	22,100	29,000	-36,700	-37,700	62,300	73,000	-23,500	-6,700	54,500	12,800
Deferred revenue
-1,900	-5,000	-13,000	5,400	-5,300	-2,600	5,200	10,200	-2,100	4,700	1,700	6,600	1,800	16,100	-1,400	-3,300	-4,200	-7,400	1,000	-15,900	-4,500	-6,600	-4,500	-100	35,700	2,200	-4,000	1,200	-5,000	-2,400	-2,500	-3,400	-13,300	-132,300	19,900	57,000	-19,300
Other assets and liabilities
39,400	44,900	300	7,300	55,000	29,900	63,700	40,100	41,800	-83,600	10,500	11,500	30,200	8,200	11,100	11,600	39,200	19,200	9,300	-4,200	18,200	900	9,000	10,200	4,900	23,200	21,400	10,400	15,700	36,200	-10,700	-5,700	-11,000	19,000	6,500	25,700	-4,100
Net cash provided by (used in) operating activities
139,400	181,000	241,700	217,100	-80,200	258,300	223,800	222,500	66,900	226,300	207,500	150,900	62,300	116,600	107,500	157,300	26,200	109,500	113,800	147,900	6,400	86,800	149,200	137,900	-55,500	120,700	69,100	60,000	-26,800	21,100	-221,200	96,100	-71,500	9,100	-181,900	115,500	1,000
Investing activities
Purchases of property, plant and equipment
69,700	98,000	97,800	113,300	124,200	132,900	118,800	142,200	130,800	199,000	140,100	103,700	34,900	64,300	53,000	55,100	50,600	61,400	40,700	47,800	43,600	50,300	52,500	55,800	47,900	73,700	56,700	73,600	47,900	63,900	50,800	48,400	44,500	52,100	39,400	40,100	31,500
Proceeds from sale of property, plant and equipment
500	3,000	300	1,400	300	1,700	2,300	500	400	800	200	700	800	1,000	100	0	600	100	100	0	100	600	200	400	7,900	3,300	900	4,800	100	7,900	1,000	300	900	1,000	100	6,300	1,500
Purchase buyouts of leased equipment
-	-	-	-	-	0	0	0	500	700	4,200	6,100	2,300	4,600	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale-leaseback of equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	600	7,500	12,100	3,900	12,100	0	0	0	-	-	-	-
Proceeds from sale of business, net
-	-	-	-	-	-	-	-	-	0	0	0	5,900	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of business, net of cash acquired
-	-	-	-	-	0	0	0	1,300	0	0	751,400	144,100	0	5,600	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-69,200	28,900	-97,500	-114,100	-123,900	-134,900	-116,500	-94,600	-132,200	-198,900	-144,100	-860,500	-174,600	-67,900	-58,500	-51,300	-50,000	-56,200	-40,600	-47,800	-43,500	-47,600	-52,300	-55,400	-40,000	-69,800	-48,300	-56,700	-43,900	-43,900	-49,800	-48,100	-43,600	-81,000	-39,300	-33,800	-30,000
Financing activities
Payments of long-term debt
113,300	67,800	349,500	108,800	19,400	113,200	39,300	131,800	396,900	209,800	7,100	1,927,300	10,200	800	2,400	2,200	1,600	137,900	1,800	15,100	2,200	10,600	2,200	2,700	11,500	343,400	1,300	5,500	301,800	134,800	146,300	15,600	2,400	2,300	4,500	44,100	5,100
Net short-term proceeds from credit facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,100	-31,000	29,000	-21,900	4,000	-23,300	11,300	11,300	800	-60,800	59,100	-67,400	70,000	0	0
Proceeds from issuance of long-term debt
2,400	7,900	340,400	2,700	5,300	28,300	19,400	30,500	431,400	4,600	200	1,648,500	1,209,400	1,500	-800	23,400	6,200	3,400	500	11,900	1,000	2,200	0	-300	3,100	354,300	22,400	4,800	405,200	400	549,800	2,300	10,100	202,700	22,500	0	1,800
Debt issuance costs
-	-	-	-	-	0	100	0	6,800	200	300	69,300	21,200	0	0	0	0	-	-	-	-	0	0	100	200	3,800	6,300	400	6,200	500	10,100	0	0	-	-	-	-
Purchase of noncontrolling interest
-	-	-	-	-	100	0	1,300	900	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	4,000	0	0	0	0
Employee stock option exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	300	100	0	400	0	0	600	600	300	0	800	0	0	0	0	100	0	0	0	4,600
Purchase of treasury stock
2,400	0	0	200	7,300	0	100	100	3,500	0	100	1,700	5,200	-100	300	1,500	3,500	200	200	2,400	300	0	0	0	300	0	300	100	0	0	0	0	5,900	0	0	0	100
Proceeds from Revolving Credit Facility
200,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other financing activities
1,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
87,700	-59,900	-12,400	-106,300	-21,400	-85,000	-20,100	-102,700	23,300	-201,000	-7,300	-348,900	1,172,800	800	-3,300	19,800	1,100	-135,500	-1,400	-5,600	-1,100	-5,300	-3,300	-33,500	20,700	-14,500	18,500	-23,700	108,500	-123,600	394,200	-74,100	57,000	127,800	87,600	-49,400	1,200
Effect of exchange rate changes on cash
-7,200	4,400	-5,500	0	1,200	-1,400	-1,000	-10,200	5,900	800	2,900	5,700	1,700	-2,200	-200	600	2,200	-900	-7,500	1,100	-5,300	-3,700	-3,500	300	400	-1,000	400	-1,500	600	-200	600	-1,500	1,700	-1,100	-2,300	600	600
Net increase (decrease) in cash, cash equivalents and restricted cash
150,700	154,400	126,300	-3,300	-224,300	37,000	86,200	15,000	-36,100	-172,800	59,000	-1,052,800	1,062,200	47,300	45,500	126,400	-20,500	-83,100	64,300	95,600	-43,500	30,200	90,100	49,300	-74,400	35,400	39,700	-21,900	38,400	-146,600	123,800	-27,600	-56,400	54,800	-135,900	32,900	-27,200
Supplemental cash flow information
Interest paid
34,100	69,100	34,200	69,700	32,400	71,900	23,400	77,200	27,200	73,800	29,100	61,900	17,900	25,900	17,400	26,100	17,800	27,700	18,900	27,900	19,300	27,400	21,800	27,800	14,100	37,400	29,900	28,700	27,200	9,300	36,500	7,800	35,300	-500	35,400	600	37,600
Income taxes paid, net of refunds
4,200	11,400	11,100	17,600	17,000	12,400	14,000	8,400	11,200	1,700	13,500	12,000	4,700	6,100	4,400	6,500	31,600	1,700	1,700	2,400	5,500	2,300	3,300	1,200	4,500	2,100	1,300	6,100	2,100	2,300	2,400	4,800	5,200	7,900	200	300	2,500