Commercial metals company (CMC)
CashFlow / Quarterly
Feb'20Nov'19Aug'19May'19Feb'19Nov'18Aug'18May'18Feb'18Nov'17Aug'17May'17Feb'17Nov'16Aug'16May'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11May'11Feb'11Nov'10Aug'10May'10Feb'10Nov'09
Cash flows from (used by) operating activities:
Net earnings

63,798

83,348

86,111

78,390

13,850

19,742

51,560

39,966

10,170

36,810

-29,541

39,266

30,332

6,275

-131

19,328

10,502

25,063

12,353

28,709

6,197

32,184

32,618

23,563

11,144

45,919

4,060

18,963

4,577

49,719

30,218

40,683

28,853

107,736

-120,221

36,220

-46,145

742

7,959

-8,463

-173,381

-31,223

Adjustments to reconcile net earnings to cash flows from (used by) operating activities:
Depreciation and amortization

41,391

40,947

41,054

41,187

41,248

35,182

32,216

33,127

34,123

32,193

32,022

32,260

30,499

30,290

31,517

31,882

31,550

31,991

32,950

32,841

33,129

33,859

34,874

33,846

33,424

33,860

34,384

34,127

34,286

33,751

33,369

34,877

34,036

35,028

38,766

39,179

40,988

40,643

40,541

40,017

44,681

43,695

Share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

7,911

8,245

6,446

6,783

6,840

6,266

5,196

6,466

6,094

5,728

1,997

5,266

5,244

5,544

5,165

6,343

2,676

4,509

3,929

3,223

2,092

3,881

3,653

3,214

3,891

2,135

7,542

15

3,153

2,422

Deferred income taxes and other long-term taxes

14,203

27,939

13,156

24,662

12,057

-352

8,548

15,249

-18,732

9,312

-11,646

6,842

3,038

-12,418

-13,633

14,358

9,444

-14,058

6,523

-10,648

-6,038

-2,908

1,583

10,010

-531

19,081

10,284

15,009

5,486

23,876

7,498

40,321

4,419

-112,237

-21,213

2,084

-799

72

131,590

-84,087

20,716

-8,933

Amortization of acquired unfavorable contract backlog

5,997

8,331

16,582

23,394

23,476

11,332

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset impairments

-

-

-

-

-

-

788

1,491

11,294

1,480

7,616

69

91

462

39,951

15,842

0

0

-

-

-

-

2,271

0

222

1,005

13,836

406

0

3,028

1,688

600

-16

1,044

-

-

-

-

-

-

-

-

Provision for losses on receivables, net

-

-

-

-

-

-

317

145

147

1,901

5,193

-525

-147

1,528

3,130

1,008

669

2,071

956

1,254

1,366

-95

-55

166

-1,631

-240

1,081

886

1,310

1,153

-3,248

1,401

-855

239

3,228

-3,119

719

-522

-751

-2,747

3,442

-2,526

Inventory Write-down

-

-

-

-

-

-

49

62

1,209

87

19,680

615

697

508

5,988

1,618

5,292

2,657

16,117

17,416

4,119

0

-

-

-

-

-

-

-

-

4,612

845

2,553

5,907

17,910

2,369

1,409

3,815

8,523

8,187

23,562

12,931

Stock-based compensation

7,536

8,269

-

7,343

5,790

4,217

-

4,909

8,558

4,780

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on disposals of subsidiaries, assets and other

-1,148

6,733

947

132

-69

1,271

-256

2,096

-746

228

-6,392

148

236

-41

789

-965

-63

2,830

6,752

-277

1,547

467

-14,199

-14

2,982

25,064

-628

-523

451

26,071

10,798

1,238

270

-374

-254

71

-29

1,527

-

-

-

-

Other

396

1,175

-

-

-326

45

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of interest rate swaps termination gain

-

-

-

-

-

-

-

-

-

-

-5,959

-1,900

-1,899

-1,899

-1,899

-1,900

-1,899

-1,899

-1,899

-1,899

-1,900

-1,899

-1,899

-1,899

-1,899

-1,900

-3,747

-2,908

-2,907

-2,908

-2,907

-2,908

0

0

-

-

-

-

-

-

-

-

Tax expense from stock plans

-

-

-

-

-

-

-

-

-

-

-

-

-

334

-2,363

611

30

25

-1,335

76

33

13

-5,051

141

375

109

-1,450

5

1

0

-

-

-

-

-12

65

2,231

71

829

597

1,902

705

Accounts receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,656

44,456

-23,961

-166,661

-116,221

47,720

-37,646

-100,486

83,918

79,674

52,857

-73,052

-23,254

16,974

76,432

-81,217

-64,103

-29,777

119,681

-94,061

27,143

99,856

25,547

16,233

-873

174,758

-9,155

-58,328

Proceeds (payments) on sale of accounts receivable programs, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-20,945

-10,031

826

10,678

-19,720

-47,704

37,872

-88,201

-3,458

-25,417

146,505

3,327

-78,288

35,005

9,317

-46,614

-101,007

-80,604

56,710

47,785

28,407

14,802

57,082

-21,994

39,561

-42,864

3,086

10,456

Inventories

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,838

-94,173

-32,844

-78,700

-124,649

-177,924

78,334

96,656

14,590

-37,552

184,529

29,789

-56,470

-53,045

-16,020

99,076

-61,579

16,069

-32,725

24,786

-2,791

73,750

106,817

22,428

18,732

22,702

34,188

-15,010

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,617

-1,215

-3,804

-

4,172

-5,871

20,185

2,234

6,333

-12,201

740

12,853

4,587

-19,463

-2,978

-13,282

-19,358

-40,451

-291

108,164

-71,970

46,669

11,450

Accounts payable, accrued expenses and other payables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21,099

50,326

-38,553

-76,449

-52,452

31,913

-98,530

-61,448

52,276

60,189

9,673

-31,534

35,107

-48,718

-17,536

-56,228

-11,125

38,190

-62,923

-121,167

23,470

33,112

61,770

-35,710

-22,489

140,447

106,236

-37,242

Changes in operating assets and liabilities

15,477

196

-22,571

-5,387

44,476

36,333

-50,189

70,549

-35,474

30,537

-100,658

73,108

57,683

33,652

-18,254

-5,342

20,363

-9,253

19,611

-538

-793

-4,270

-21,815

-1,381

-4,368

505

-3,048

3,364

-5,439

113

-1,990

11,276

3,861

-2,704

-11,528

-2,129

9,365

1,208

2,218

-5,808

-2,537

2,040

Beneficial interest in securitized accounts receivable

0

0

21

-21

0

367,521

178,857

169,197

146,446

175,957

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash flows from (used by) operating activities

106,998

146,418

255,501

134,390

4,736

-357,623

-103,438

-146,870

-63,457

-120,159

-542,190

6,931

12,937

-954

79,997

174,058

113,237

219,573

254,672

198,073

-59,388

-79,896

42,635

57,922

-37,089

73,472

104,661

94,235

-16,893

-34,271

61,158

95,761

935

38,139

71,813

-28,652

-9,823

-5,591

27,415

4,024

-18,420

31,891

Cash flows from (used by) investing activities:
Capital expenditures

51,033

45,559

47,083

24,256

29,583

37,914

30,387

43,240

41,347

59,681

51,038

71,274

47,843

42,965

58,851

42,044

51,268

11,169

43,604

26,478

27,048

22,450

34,031

31,495

22,138

14,085

26,027

21,159

17,092

24,757

31,348

29,132

23,448

29,925

21,676

28,472

11,163

11,904

17,657

22,118

40,832

46,514

Insurance proceeds

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the sale of property, plant and equipment

4,353

9,651

1,407

461

89

1,953

1,788

5,684

71

560

1,280

1,184

521

179

1,643

410

247

2,813

4,782

1,870

7,391

882

10,799

392

4,255

2,126

2,740

4,267

941

5,956

43,989

3,274

1,083

7,014

1,141

381

354

51,518

17,600

4,831

273

183

Decrease in restricted cash, net

-

-

-

-

-

-

-

-

-

-

-

13,541

-4,424

-16,609

-

-51

49,146

-1

-

-

-

0

37

268

-1,005

-17,300

18,620

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the sale of discontinued operations and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-28,995

0

0

28,995

0

0

0

0

-

-

-

-

-

-

-

-

Proceeds from insurance, sale of discontinued operations and other

190

784

0

-1,393

0

5,798

2,375

0

25,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisitions, net of cash acquired

9,850

0

0

-41

6,180

694,802

0

0

0

6,980

1,655

29,059

25,366

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,448

Treasury stock acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

26,040

4,555

0

2,226

30,239

9,341

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the sale of discontinued operations and other

-

-

-

-

-

-

-

68,077

5,146

2,260

-

-524

0

524

-

-

0

0

-

0

-491

2,845

-

0

-1,989

54,265

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments Under Accounts Receivable Programs

-

-

-

-

-

-

101,755

87,176

25,247

90,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Beneficial interest in securitized accounts receivable

0

0

0

0

0

-367,521

-178,880

-169,174

-146,446

-175,957

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in deposit for letters of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-649

0

-31,269

865

865

865

870

1,523

-

-

-

-

Net cash flows used by investing activities:

-56,340

-35,124

-45,676

-23,254

-35,674

-357,444

144,246

220,251

135,316

22,116

802,292

-113,214

-68,264

-25,653

-3,765

-41,583

-100,166

-8,356

-13,345

-24,608

-20,148

-18,723

-38,592

-31,103

-19,872

42,306

-23,287

-16,892

-16,151

10,194

13,290

-25,858

8,904

-23,776

-63,208

-28,956

-7,455

38,091

251

-17,358

-67,726

-48,779

Cash flows from (used by) financing activities:
Proceeds from issuance of long-term debt

11,299

0

0

0

0

180,000

0

350,000

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,463

824

594

45

1

944

20,799

694

Repayments of long-term debt

53,582

53,298

103,566

9,533

7,430

7,175

4,585

5,276

7,127

2,979

703,075

2,627

2,987

3,161

2,789

2,789

202,907

2,909

3,297

2,690

2,904

2,444

2,851

1,683

1,592

1,551

141,414

61,040

1,118

1,284

1,259

15,340

3,618

44,584

10,104

8,486

7,597

7,390

10,025

5,456

6,891

7,567

Proceeds from accounts receivable programs

58,636

27,050

65,753

83,073

106,631

33,439

0

0

0

0

-

-

-

-

0

0

0

-20,090

15,294

-346

4,612

-11,758

7,648

-3,898

545

2,020

6,071

-47,465

34,915

-13,045

-19,484

-2,179

-4,162

44,432

-2,000

-8,856

-78,524

79,127

-46,681

-21,142

80,968

1,491

Repayments under accounts receivable programs

50,257

31,057

86,670

116,699

47,078

45,586

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends

14,242

14,238

14,150

14,206

14,065

14,116

14,040

14,041

14,002

13,993

13,895

13,893

13,864

13,862

13,756

13,747

13,861

13,978

13,872

13,889

14,034

14,150

14,138

14,130

14,093

14,067

14,038

14,027

14,000

13,963

13,960

13,905

13,889

13,863

13,864

13,853

13,738

13,722

13,716

13,703

13,555

13,515

Stock issued under incentive and purchase plans, net of forfeitures

5,354

-7,817

488

492

3,364

-6,220

534

-2,442

2,126

-9,520

18

-108

2,253

-7,661

2

-365

1,957

-7,628

-103

-12

1,604

-2,981

-628

-120

1,349

-2,089

-396

-1,006

2,767

-414

-1,569

-71

1,586

-27

-447

105

9,568

389

139

1,066

8,329

960

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

430

559

4,125

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Increase in documentary letters of credit, net

-

-

-

-

-

-

-

-

-2,131

2,141

-

574

-325

320

-1,323

-14,330

-16,063

-9,752

-132,204

-85,826

105,138

32,410

8,768

-1,782

-13,896

18,663

18,932

5,663

-91,033

60,217

-15,001

-65,613

-6,959

13,080

-1,209

65,283

-228,638

108,614

84,539

-46,660

41,694

37,850

Contribution from noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22

0

15

-52

0

3

-5

15

-9

-5

-11

-30

-

-

-

-

-

-

-

-

Tax expense from stock plans

-

-

-

-

-

-

-

-

-

-

-

-

-

334

-2,363

611

30

25

-1,335

76

33

13

-5,051

141

375

109

-1,450

5

1

0

-

-

-

-

-12

65

2,231

71

829

597

1,902

705

Net cash flows from (used by) financing activities

-42,776

-79,360

-138,145

-56,873

41,432

140,342

-18,091

322,995

-21,121

-24,351

-271,307

-13,912

-15,244

-24,030

-20,230

-30,734

-267,868

-58,886

-135,405

-105,151

68,116

-8,251

-6,268

-21,740

-26,292

19,903

-154,529

206,506

-68,473

31,526

-49,372

-44,354

-27,021

-992

-29,146

34,675

-102,449

-50,094

80,875

8,966

49,858

-55,082

Effect of exchange rate changes on cash

141

196

-257

-120

132

-353

-242

-710

484

-235

-850

427

950

-1,740

-537

436

-713

-466

-1,605

-309

-1,654

-1,980

-60

377

-466

1,022

-1,344

-677

218

1,525

3,687

-8,072

5,261

-7,658

-631

1,474

1,948

1,081

1,142

-3,155

-589

397

Increase (decrease) in cash, restricted cash and cash equivalents

8,023

32,130

71,423

54,143

10,626

-575,078

22,475

395,666

51,222

-122,629

-12,055

-119,768

-69,621

-52,377

55,465

102,177

-255,510

151,865

104,317

68,005

-13,074

-108,850

-2,285

5,456

-83,719

136,703

-74,499

283,172

-101,299

8,974

28,763

17,477

-11,921

5,713

-21,172

-21,459

-117,779

-16,513

109,683

-7,523

-36,877

-71,573

Supplemental information:
Cash paid for income taxes

25,640

2,119

1,125

5,081

-3,108

4,879

-7,604

7,134

3,358

4,310

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

9,453

20,031

11,417

22,255

11,711

19,807

9,771

9,972

10,827

9,402

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncash activities:
Liabilities related to additions of property, plant and equipment

11,607

17,569

20,038

11,416

6,510

19,676

4,022

-2,122

10,172

20,202

20,306

-4,160

14,982

20,202

11,697

15,360

-4,856

7,562

8,039

4,363

2,457

5,062

12,064

-932

9,727

348

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-