Commercial metals company (CMC)
CashFlow / TTM
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

311,647

261,699

198,093

163,542

125,118

121,438

138,506

57,405

56,705

76,867

46,332

75,742

55,804

35,974

54,762

67,246

76,627

72,322

79,443

99,708

94,562

99,509

113,244

84,686

80,086

73,519

77,319

103,477

125,197

149,473

207,490

57,051

52,588

-22,410

-129,404

-1,224

-45,907

-173,143

-205,108

0

0

0

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

164,579

164,436

158,671

149,833

141,773

134,648

131,659

131,465

130,598

126,974

125,071

124,566

124,188

125,239

126,940

128,373

129,332

130,911

132,779

134,703

135,708

136,003

136,004

135,514

135,795

136,657

136,548

135,533

136,283

136,033

137,310

142,707

147,009

153,961

159,576

161,351

162,189

165,882

168,934

0

0

0

Share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

29,385

28,314

26,335

25,085

24,768

24,022

23,484

20,285

19,085

18,235

18,051

21,219

22,296

19,728

18,693

17,457

14,337

13,753

13,125

12,849

12,840

14,639

12,893

16,782

13,583

12,845

13,132

0

0

0

Deferred income taxes and other long-term taxes

79,960

77,814

49,523

44,915

35,502

4,713

14,377

-5,817

-14,224

7,546

-14,184

-16,171

-8,655

-2,249

-3,889

16,267

-8,739

-24,221

-13,071

-18,011

2,647

8,154

30,143

38,844

43,843

49,860

54,655

51,869

77,181

76,114

-59,999

-88,710

-126,947

-132,165

-19,856

132,947

46,776

68,291

59,286

0

0

0

Amortization of acquired unfavorable contract backlog

54,304

71,783

74,784

58,202

34,808

11,332

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset impairments

-

-

-

-

-

-

15,053

21,881

20,459

9,256

8,238

40,573

56,346

56,255

55,793

0

0

0

-

-

-

-

3,498

15,063

15,469

15,247

17,270

5,122

5,316

5,300

3,316

0

0

0

-

-

-

-

-

-

-

-

Provision for losses on receivables, net

-

-

-

-

-

-

2,510

7,386

6,716

6,422

6,049

3,986

5,519

6,335

6,878

4,704

4,950

5,647

3,481

2,470

1,382

-1,615

-1,760

-624

96

3,037

4,430

101

616

-1,549

-2,463

4,013

-507

1,067

306

-3,673

-3,301

-578

-2,582

0

0

0

Inventory Write-down

-

-

-

-

-

-

1,407

21,038

21,591

21,079

21,500

7,808

8,811

13,406

15,555

25,684

41,482

40,309

37,652

0

0

0

-

-

-

-

-

-

-

-

13,917

27,215

28,739

27,595

25,503

16,116

21,934

44,087

53,203

0

0

0

Stock-based compensation

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net gain on disposals of subsidiaries, assets and other

6,664

7,743

2,281

1,078

3,042

2,365

1,322

-4,814

-6,762

-5,780

-6,049

1,132

19

-280

2,591

8,554

9,242

10,852

8,489

-12,462

-12,199

-10,764

13,833

27,404

26,895

24,364

25,371

36,797

38,558

38,377

11,932

880

-287

-586

1,315

0

0

0

-

-

-

-

Other

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of interest rate swaps termination gain

-

-

-

-

-

-

-

-

-

-

-11,657

-7,597

-7,597

-7,597

-7,597

-7,597

-7,596

-7,597

-7,597

-7,597

-7,597

-7,596

-7,597

-9,445

-10,454

-11,462

-12,470

-11,630

-11,630

-8,723

-5,815

0

0

0

-

-

-

-

-

-

-

-

Tax expense from stock plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,388

-1,697

-669

-1,204

-1,201

-1,213

-4,929

-4,864

-4,522

-4,426

-825

-961

-1,335

-1,444

0

0

0

-

-

-

-

2,355

3,196

3,728

3,399

4,033

0

0

0

Accounts receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-142,510

-262,387

-259,123

-272,808

-206,633

-6,494

25,460

115,963

143,397

36,225

-26,475

-2,900

-11,065

-51,914

-98,665

-55,416

-68,260

22,986

152,619

58,485

168,779

140,763

215,665

180,963

106,402

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-19,472

-18,247

-55,920

-18,874

-117,753

-101,491

-79,204

29,429

120,957

46,127

106,549

-30,639

-80,580

-103,299

-218,908

-171,515

-77,116

52,298

147,704

148,076

78,297

89,451

31,785

-22,211

10,239

0

0

0

Inventories

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-209,555

-330,366

-414,117

-302,939

-127,583

11,656

152,028

258,223

191,356

120,296

104,803

-95,746

-26,459

-31,568

37,546

20,841

-53,449

5,339

63,020

202,562

200,204

221,727

170,679

98,050

60,612

0

0

0

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

20,720

22,881

16,551

-2,894

7,725

5,979

-1,283

-5,001

-31,136

-55,081

-76,069

-73,382

48,064

-4,548

82,572

94,313

0

0

0

Accounts payable, accrued expenses and other payables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-43,577

-117,128

-135,541

-195,518

-180,517

-75,789

-47,513

60,690

90,604

73,435

-35,472

-62,681

-87,375

-133,607

-46,699

-92,086

-157,025

-122,430

-127,508

-2,815

82,642

36,683

144,018

188,484

186,952

0

0

0

Changes in operating assets and liabilities

-12,285

16,714

52,851

25,233

101,169

21,219

15,423

-35,046

-32,487

60,670

63,785

146,189

67,739

30,419

-12,486

25,379

30,183

9,027

14,010

-27,416

-28,259

-31,834

-27,059

-8,292

-3,547

-4,618

-5,010

-3,952

3,960

13,260

10,443

905

-12,500

-6,996

-3,084

10,662

6,983

-4,919

-4,087

0

0

0

Beneficial interest in securitized accounts receivable

0

0

367,521

546,357

715,575

862,021

670,457

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash flows from (used by) operating activities

643,307

541,045

37,004

-321,935

-603,195

-671,388

-433,924

-872,676

-718,875

-642,481

-523,276

98,911

266,038

366,338

586,865

761,540

785,555

612,930

313,461

101,424

-38,727

-16,428

136,940

198,966

235,279

255,475

147,732

104,229

105,755

123,583

195,993

206,648

82,235

71,477

27,747

-16,651

16,025

7,428

44,910

0

0

0

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

167,931

146,481

138,836

122,140

141,124

152,888

174,655

195,306

223,340

229,836

213,120

220,933

191,703

195,128

163,332

148,085

132,519

108,299

119,580

110,007

115,024

110,114

101,749

93,745

83,409

78,363

89,035

94,356

102,329

108,685

113,853

104,181

103,521

91,236

73,215

69,196

62,842

92,511

127,121

0

0

0

Insurance proceeds

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the sale of property, plant and equipment

15,872

11,608

3,910

4,291

9,514

9,496

8,103

7,595

3,095

3,545

3,164

3,527

2,753

2,479

5,113

8,252

9,712

16,856

14,925

20,942

19,464

16,328

17,572

9,513

13,388

10,074

13,904

55,153

54,160

54,302

55,360

12,512

9,619

8,890

53,394

69,853

74,303

74,222

22,887

0

0

0

Decrease in restricted cash, net

-

-

-

-

-

-

-

-

-

-

-

0

0

-16,609

-

0

0

0

-

-

-

-700

-18,000

583

315

1,320

18,620

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the sale of discontinued operations and other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

28,995

28,995

28,995

0

0

0

0

-

-

-

-

-

-

-

-

Proceeds from insurance, sale of discontinued operations and other

-419

-609

4,405

6,780

8,173

33,173

27,375

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisitions, net of cash acquired

9,809

6,139

700,941

700,941

700,982

694,802

6,980

8,635

37,694

63,060

56,080

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,448

0

0

0

Treasury stock acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,595

30,595

32,821

37,020

41,806

41,806

39,580

9,341

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the sale of discontinued operations and other

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayments Under Accounts Receivable Programs

-

-

-

-

-

-

304,178

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Beneficial interest in securitized accounts receivable

0

0

-367,521

-546,401

-715,575

-862,021

-670,457

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in deposit for letters of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-31,053

-29,539

-28,674

3,465

4,123

0

0

0

-

-

-

-

Net cash flows used by investing activities:

-160,394

-139,728

-462,048

-272,126

-28,621

142,369

521,929

1,179,975

846,510

642,930

595,161

-210,896

-139,265

-171,167

-153,870

-163,450

-146,475

-66,457

-76,824

-102,071

-108,566

-108,290

-47,261

-31,956

-17,745

-14,024

-46,136

-9,559

-18,525

6,530

-27,440

-103,938

-107,036

-123,395

-61,528

1,931

13,529

-46,742

-133,612

0

0

0

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

11,299

0

180,000

180,000

530,000

530,000

350,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,464

1,584

21,789

22,438

0

0

0

Repayments of long-term debt

219,979

173,827

127,704

28,723

24,466

24,163

19,967

718,457

715,808

711,668

711,850

11,564

11,726

211,646

211,394

211,902

211,803

11,800

11,335

10,889

9,882

8,570

7,677

146,240

205,597

205,123

204,856

64,701

19,001

21,501

64,801

73,646

66,792

70,771

33,577

33,498

30,468

29,762

29,939

0

0

0

Proceeds from accounts receivable programs

234,512

282,507

288,896

223,143

140,070

33,439

0

0

0

0

-

-

-

-

-20,090

-4,796

-5,142

-530

7,802

156

-3,396

-7,463

6,315

4,738

-38,829

-4,459

-19,524

-45,079

207

-38,870

18,607

36,091

29,414

-44,948

-10,253

-54,934

-67,220

92,272

14,636

0

0

0

Repayments under accounts receivable programs

284,683

281,504

296,033

209,363

92,664

45,586

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends

56,836

56,659

56,537

56,427

56,262

56,199

56,076

55,931

55,783

55,645

55,514

55,375

55,229

55,226

55,342

55,458

55,600

55,773

55,945

56,211

56,452

56,511

56,428

56,328

56,225

56,132

56,028

55,950

55,828

55,717

55,617

55,521

55,469

55,318

55,177

55,029

54,879

54,696

54,489

0

0

0

Stock issued under incentive and purchase plans, net of forfeitures

-1,483

-3,473

-1,876

-1,830

-4,764

-6,002

-9,302

-9,818

-7,484

-7,357

-5,498

-5,514

-5,771

-6,067

-6,034

-6,139

-5,786

-6,139

-1,492

-2,017

-2,125

-2,380

-1,488

-1,256

-2,142

-724

951

-222

713

-468

-81

1,041

1,217

9,199

9,615

10,201

11,162

9,923

10,494

0

0

0

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

989

5,114

5,114

4,684

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Increase in documentary letters of credit, net

-

-

-

-

-

-

-

-

0

1,843

-

-754

-15,658

-31,396

-41,468

-172,349

-243,845

-122,644

-80,482

60,490

144,534

25,500

11,753

21,917

29,362

-47,775

-6,221

-40,154

-111,430

-27,356

-74,493

-60,701

70,195

-151,484

-55,950

29,798

-82,145

188,187

117,423

0

0

0

Contribution from noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-15

-37

-34

-54

13

4

-4

-10

-55

0

0

0

-

-

-

-

-

-

-

-

Tax expense from stock plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,388

-1,697

-669

-1,204

-1,201

-1,213

-4,929

-4,864

-4,522

-4,426

-825

-961

-1,335

-1,444

0

0

0

-

-

-

-

2,355

3,196

3,728

3,399

4,033

0

0

0

Net cash flows from (used by) financing activities

-317,154

-232,946

-13,244

106,810

486,678

424,125

259,432

6,216

-330,691

-324,814

-324,493

-73,416

-90,238

-342,862

-377,718

-492,893

-567,310

-231,326

-180,691

-51,554

31,857

-62,551

-34,397

-182,658

45,588

3,407

15,030

120,187

-130,673

-89,221

-121,739

-101,513

-22,484

-97,912

-147,014

-36,993

-62,702

89,605

84,617

0

0

0

Effect of exchange rate changes on cash

-40

-49

-598

-583

-1,173

-821

-703

-1,311

-174

292

-1,213

-900

-891

-2,554

-1,280

-2,348

-3,093

-4,034

-5,548

-4,003

-3,317

-2,129

873

-411

-1,465

-781

-278

4,753

-2,642

2,401

-6,782

-11,100

-1,554

-4,867

3,872

5,645

1,016

-1,521

-2,205

0

0

0

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

165,719

168,322

-438,886

-487,834

-146,311

-105,715

346,734

312,204

-203,230

-324,073

-253,821

-186,301

35,644

-150,245

53,997

102,849

68,677

311,113

50,398

-56,204

-118,753

-189,398

56,155

-16,059

261,657

244,077

116,348

219,610

-46,085

43,293

40,032

-9,903

-48,839

-154,697

-176,923

-46,068

-32,132

48,770

-6,290

0

0

0

Supplemental information:
Cash paid for income taxes

33,965

5,217

7,977

-752

1,301

7,767

7,198

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

63,156

65,414

65,190

63,544

51,261

50,377

39,972

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

60,630

55,533

57,640

41,624

28,086

31,748

32,274

48,558

46,520

51,330

51,330

42,721

62,241

42,403

29,763

26,105

15,108

22,421

19,921

23,946

18,651

25,921

21,207

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-