American axle & manufacturing holdings, inc (AXL)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'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
Net income attributable to AAM

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

243,500

235,600

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income (loss)

-1,027,000

-484,100

-391,300

-203,200

-104,600

-56,800

411,300

433,600

348,600

337,500

0

0

0

-

-

-

-

-

-

-

-

-

-

-

0

-

384,600

344,800

323,700

366,700

76,800

107,600

150,800

137,100

0

0

0

Operating activities
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities
Depreciation and amortization

525,700

536,900

549,400

548,100

541,800

528,800

516,000

505,700

500,100

428,500

354,800

282,100

208,200

201,800

199,100

198,300

198,200

198,400

203,500

205,500

203,000

199,900

193,700

188,300

182,600

177,000

169,200

162,200

156,800

152,200

148,000

144,300

142,200

139,400

0

0

0

Impairment charge

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

41,200

94,600

174,300

104,800

65,800

35,000

58,700

91,600

135,400

154,200

42,900

12,300

-20,400

-33,200

-42,700

-37,200

-29,900

-26,400

0

4,000

4,600

9,200

10,600

12,300

16,800

18,700

344,100

346,400

346,900

343,800

-38,800

-40,600

-17,400

-17,200

0

0

0

Stock-based compensation

21,500

22,400

24,700

25,400

26,700

27,900

26,900

26,200

44,600

43,400

42,400

41,400

21,300

21,000

19,900

18,700

17,500

15,900

14,400

12,800

11,300

9,700

8,100

12,200

11,500

10,800

10,900

5,000

3,300

2,400

2,000

2,000

2,800

4,500

0

0

0

Pensions and other postretirement benefits, net of contributions

-7,200

-8,800

-17,200

-18,800

-14,900

-9,900

-9,700

-6,100

-2,700

-6,000

-6,300

-10,700

-12,500

-12,600

-29,900

-28,200

-26,700

-25,600

29,800

30,600

31,200

31,800

-3,900

2,000

5,400

6,500

12,300

-173,000

-190,700

-208,400

-230,800

-64,400

-55,200

-33,300

0

0

0

Loss on disposal of property, plant and equipment, net

-9,000

-4,100

-1,400

-2,800

3,400

3,200

2,400

4,400

-1,500

-1,600

-2,800

-4,300

-4,200

-4,300

-2,600

-4,500

-4,800

-4,200

-5,200

-2,200

-1,400

2,600

3,800

4,000

7,700

3,500

4,700

4,600

1,100

1,900

1,500

1,200

8,200

6,900

0

0

0

Debt refinancing and redemption costs

-9,900

-8,400

-12,300

-7,200

6,300

-4,000

0

0

-13,800

-3,500

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

9,200

3,600

4,000

4,100

1,500

0

0

0

-

-

-

-

Undistributed earnings in affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities
Accounts receivable

-310,200

-63,900

-195,700

-111,300

-12,100

-56,100

161,900

130,800

98,300

44,900

10,300

58,500

54,100

19,300

38,400

7,800

-19,900

17,900

55,300

1,700

24,700

78,300

7,100

88,500

123,800

300

399,800

372,300

367,600

130,600

-183,700

-3,000

86,000

189,900

0

0

0

Inventories

-22,100

-56,100

-2,900

35,700

67,500

83,100

61,400

51,100

9,200

-2,500

4,800

-12,100

-12,700

-12,200

-15,700

-9,200

-6,500

-11,200

-7,800

-10,800

-12,900

-10,900

100

21,800

21,800

42,500

147,200

96,400

90,100

49,900

-46,500

-800

28,300

50,200

0

0

0

Accounts payable and accrued expenses

-125,800

-97,700

-172,600

-51,700

-12,500

7,500

110,800

26,100

-43,600

-12,600

-47,000

-44,000

29,200

-14,200

27,500

12,800

-6,200

-2,100

13,800

20,500

41,200

13,700

23,700

68,300

62,300

66,300

74,300

-23,300

16,900

60,900

74,100

105,100

97,300

37,100

0

0

0

Deferred revenue

-14,500

-17,900

-15,500

2,700

7,500

10,700

18,000

14,500

10,900

14,800

26,200

23,100

13,200

7,200

-16,300

-13,900

-26,500

-26,800

-26,000

-31,500

-15,700

24,500

33,300

33,800

35,100

-5,600

-10,200

-8,700

-13,300

-21,600

-151,500

-129,100

-68,700

-74,700

0

0

0

Other assets and liabilities

91,900

107,500

92,500

155,900

188,700

175,500

62,000

8,800

-19,800

-31,400

60,400

61,000

61,100

70,100

81,100

79,300

63,500

42,500

24,200

23,900

38,300

25,000

47,300

59,700

59,900

70,700

83,700

51,600

35,500

8,800

-8,400

8,800

40,200

47,100

0

0

0

Net cash provided by (used in) operating activities

779,200

559,600

636,900

619,000

624,400

771,500

739,500

723,200

651,600

647,000

537,300

437,300

443,700

407,600

400,500

406,800

397,400

377,600

354,900

390,300

380,300

318,400

352,300

272,200

194,300

223,000

123,400

-166,900

-130,800

-175,500

-187,500

-148,200

-128,800

-56,300

0

0

0

Investing activities
Purchases of property, plant and equipment

378,800

433,300

468,200

489,200

518,100

524,700

590,800

612,100

573,600

477,700

343,000

255,900

207,300

223,000

220,100

207,800

200,500

193,500

182,400

194,200

202,200

206,500

229,900

234,100

251,900

251,900

242,100

236,200

211,000

207,600

195,800

184,400

176,100

163,100

0

0

0

Proceeds from sale of property, plant and equipment

5,200

5,000

3,700

5,700

4,800

4,900

4,000

1,900

2,100

2,500

2,700

2,600

1,900

1,700

800

800

800

300

800

900

1,300

9,100

11,800

12,500

16,900

9,100

13,700

13,800

9,300

10,100

3,200

2,300

8,300

8,900

0

0

0

Purchase buyouts of leased equipment

-

-

-

-

-

500

1,200

5,400

11,500

13,300

17,200

13,000

6,900

4,600

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale-leaseback of equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,100

35,600

28,100

16,000

12,100

0

0

0

-

-

-

-

Proceeds from sale of business, net

-

-

-

-

-

-

-

-

-

5,900

5,900

5,900

5,900

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of business, net of cash acquired

-

-

-

-

-

1,300

1,300

1,300

752,700

895,500

895,500

901,100

149,700

5,600

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-251,900

-306,600

-470,400

-489,400

-469,900

-478,200

-542,200

-569,800

-1,335,700

-1,378,100

-1,247,100

-1,161,500

-352,300

-227,700

-216,000

-198,100

-194,600

-188,100

-179,500

-191,200

-198,800

-195,300

-217,500

-213,500

-214,800

-218,700

-192,800

-194,300

-185,700

-185,400

-222,500

-212,000

-197,700

-184,100

0

0

0

Financing activities
Payments of long-term debt

639,400

545,500

590,900

280,700

303,700

681,200

777,800

745,600

2,541,100

2,154,400

1,945,400

1,940,700

15,600

7,000

144,100

143,500

156,400

157,000

29,700

30,100

17,700

27,000

359,800

358,900

361,700

652,000

443,400

588,400

598,500

299,100

166,600

24,800

53,300

56,000

0

0

0

Net short-term proceeds from credit facilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-25,000

-19,900

-12,200

-29,900

3,300

100

-37,400

10,400

-68,300

900

61,700

2,600

0

0

0

Proceeds from issuance of long-term debt

353,400

356,300

376,700

55,700

83,500

509,600

485,900

466,700

2,084,700

2,862,700

2,859,600

2,858,600

1,233,500

30,300

32,200

33,500

22,000

16,800

15,600

15,100

2,900

5,000

357,100

379,500

384,600

786,700

432,800

960,200

957,700

562,600

764,900

237,600

235,300

227,000

0

0

0

Debt issuance costs

-

-

-

-

-

6,900

7,100

7,300

76,600

91,000

90,800

90,500

21,200

0

0

0

0

-

-

-

-

300

4,100

10,400

10,700

16,700

13,400

17,200

16,800

10,600

0

0

0

-

-

-

-

Purchase of noncontrolling interest

-

-

-

-

-

2,300

2,200

2,200

900

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,000

4,000

4,000

4,000

0

0

0

0

Employee stock option exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

800

500

400

1,000

1,200

1,500

1,500

1,700

1,100

800

800

0

100

100

100

100

4,600

0

0

0

Purchase of treasury stock

2,600

7,500

7,500

7,600

7,500

3,700

3,700

3,700

5,300

7,000

6,900

7,100

6,900

5,200

5,500

5,400

6,300

3,100

2,900

2,700

300

300

300

600

700

400

400

100

0

5,900

5,900

5,900

5,900

100

0

0

0

Proceeds from Revolving Credit Facility

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other financing activities

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-90,900

-200,000

-225,100

-232,800

-229,200

-184,500

-300,500

-287,700

-533,900

615,600

817,400

821,400

1,190,100

18,400

-117,900

-116,000

-141,400

-143,600

-13,400

-15,300

-43,200

-21,400

-30,600

-8,800

1,000

88,800

-20,300

355,400

305,000

253,500

504,900

198,300

223,000

167,200

0

0

0

Effect of exchange rate changes on cash

-8,300

100

-5,700

-1,200

-11,400

-6,700

-4,500

-600

15,300

11,100

8,100

5,000

-100

400

1,700

-5,600

-5,100

-12,600

-15,400

-11,400

-12,200

-6,500

-3,800

100

-1,700

-1,500

-700

-500

-500

600

-300

-3,200

-1,100

-2,200

0

0

0

Net increase (decrease) in cash, cash equivalents and restricted cash

428,100

53,100

-64,300

-104,400

-86,100

102,100

-107,700

-134,900

-1,202,700

-104,400

115,700

102,200

1,281,400

198,700

68,300

87,100

56,300

33,300

146,600

172,400

126,100

95,200

100,400

50,000

-21,200

91,600

-90,400

-6,300

-12,000

-106,800

94,600

-165,100

-104,600

-75,400

0

0

0

Supplemental cash flow information
Interest paid

207,100

205,400

208,200

197,400

204,900

199,700

201,600

207,300

192,000

182,700

134,800

123,100

87,300

87,200

89,000

90,500

92,300

93,800

93,500

96,400

96,300

91,100

101,100

109,200

110,100

123,200

95,100

101,700

80,800

88,900

79,100

78,000

70,800

73,100

0

0

0

Income taxes paid, net of refunds

44,300

57,100

58,100

61,000

51,800

46,000

35,300

34,800

38,400

31,900

36,300

27,200

21,700

48,600

44,200

41,500

37,400

11,300

11,900

13,500

12,300

11,300

11,100

9,100

14,000

11,600

11,800

12,900

11,600

14,700

20,300

18,100

13,600

10,900

0

0

0