CARPENTER TECHNOLOGY CORPORATION CRS Cash Flow

Carpenter technology corporation (CRS)

CashFlow / TTM

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	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09
OPERATING ACTIVITIES
Net income
168,800	180,000	176,700	167,000	160,900	140,000	196,600	188,500	171,200	161,700	76,600	47,000	36,400	-8,300	-3,800	11,300	18,900	41,500	54,100	58,700	74,300	106,300	111,700	132,800	135,600	137,900	141,600	146,500	146,600	146,700	137,400	121,600	106,500	102,300	87,800	71,700	51,700	25,000	19,000	2,100	0	0	0
Adjustments to reconcile net income to net cash provided from operating activities:
Depreciation and amortization
122,800	122,400	122,400	121,500	120,300	118,700	117,600	116,600	116,200	117,100	117,600	117,800	118,100	117,700	118,300	119,300	121,100	122,000	121,900	122,300	122,200	119,000	115,500	111,900	107,900	106,500	105,300	104,100	102,400	97,700	90,800	83,800	77,000	73,600	69,900	66,500	63,000	60,000	59,800	59,100	0	0	0
Deferred income taxes
16,500	17,100	18,800	16,500	14,800	10,000	-60,500	-61,100	-64,700	-63,700	4,700	41,600	44,800	37,400	39,300	800	-14,600	-6,600	56,800	60,400	56,700	60,500	-6,400	-9,700	-25,900	9,000	8,600	9,400	55,900	22,900	30,800	36,800	17,300	12,800	4,800	-5,000	100	3,900	200	-900	0	0	0
Net pension expense
14,400	13,400	12,500	11,600	12,300	12,900	13,500	14,200	19,300	24,500	35,200	48,400	53,200	57,900	57,200	53,800	50,200	48,400	46,400	44,500	49,500	52,900	54,400	57,900	60,100	62,500	66,600	68,800	63,500	56,700	49,400	42,100	45,600	50,200	55,500	60,800	61,000	61,100	61,200	61,300	0	0	0
Share-based compensation expense
17,300	18,000	18,700	17,600	17,500	17,600	16,400	17,600	15,800	14,600	14,200	13,000	11,900	10,300	9,000	8,700	10,000	12,700	10,200	10,000	9,200	7,700	10,800	11,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss on disposals of property, plant and equipment and assets held for sale
-500	-1,200	-1,100	-1,200	-1,200	-2,200	-2,500	-2,500	-2,300	-2,600	-2,500	-2,500	-2,600	-800	-600	-600	-600	-900	-1,300	-1,200	0	0	0	-	-	-	-	-2,200	0	0	0	-	-	-	-	-800	-2,500	-3,200	-2,800	-2,000	0	0	0
Changes in working capital and other:
Accounts receivable
-14,400	39,700	3,900	5,300	44,500	43,600	89,100	86,800	74,000	39,200	49,000	34,600	-600	-15,600	-37,000	-48,200	-51,400	-36,100	-33,600	-25,400	17,800	50,500	35,900	-5,600	-41,900	-21,600	-34,200	-12,600	27,100	-16,200	-4,200	31,100	-23,500	29,900	47,500	56,900	79,000	68,300	66,600	62,500	0	0	0
Inventories
10,900	51,300	94,600	94,000	126,800	69,000	3,800	-400	26,700	81,900	87,400	74,600	69,400	37,800	-1,100	-1,600	-36,400	-63,400	-33,800	-36,000	-5,200	39,900	20,400	37,000	33,800	-14,600	-16,400	14,900	8,400	55,800	61,100	77,300	115,900	109,900	144,400	116,100	120,000	133,800	90,500	19,100	0	0	0
Other current assets
6,000	-1,900	-3,200	-6,800	-13,600	0	7,100	9,600	16,400	9,200	-38,400	-2,800	-14,500	-500	41,900	2,100	1,300	-52,900	-1,200	300	10,600	56,800	2,300	5,000	-37,700	-10,200	-7,200	-11,500	27,600	8,600	1,500	-1,600	-2,700	-4,000	-3,500	-6,400	-2,900	-9,200	-17,900	-24,200	0	0	0
Accounts payable
-43,400	-33,700	-9,400	20,100	30,400	51,700	42,300	10,700	18,800	37,100	59,100	42,500	39,600	27,200	-10,800	-7,600	-24,200	-49,500	-58,700	-59,900	-26,000	37,900	33,000	16,800	23,100	-11,400	-24,700	-10,300	-33,000	-30,400	-13,700	-3,900	19,400	18,500	20,900	34,500	18,600	43,500	62,900	60,800	0	0	0
Accrued liabilities
-13,100	6,000	5,100	-4,900	-2,000	6,900	9,600	28,700	27,200	16,400	15,400	26,600	13,700	1,800	-22,400	-13,500	-11,700	1,600	3,500	-12,100	-12,400	-10,900	-19,800	-21,100	-13,000	-4,900	14,900	9,900	-8,600	3,800	10,000	20,100	27,900	15,900	6,600	4,600	1,400	1,400	1,300	13,400	0	0	0
Boarhead settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,800	0	0	0	-	-	-	-	-	-	-	-
Pension plan contributions
6,100	5,800	5,600	5,500	5,300	5,100	4,800	6,700	5,700	4,900	104,200	100,000	0	0	0	-	-	-	-	7,200	7,200	7,100	7,600	6,300	6,200	90,100	98,300	144,900	154,000	72,500	66,500	30,000	0	0	0	-	-	-	-	-	-	-	-
Other postretirement plan contributions
3,300	3,200	3,200	3,100	3,400	3,100	3,700	3,400	3,300	3,200	2,300	3,200	5,900	8,700	11,000	13,000	12,500	12,600	13,000	13,200	13,500	12,800	13,500	13,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other, net
3,300	8,600	6,700	5,700	1,900	100	3,500	2,400	-1,500	2,100	5,200	2,700	11,600	6,000	4,600	2,700	-2,800	-3,300	-6,500	-900	1,300	4,100	5,900	6,100	5,400	7,500	9,400	6,700	6,600	5,100	900	200	-4,200	-3,400	-200	-800	7,100	13,000	19,500	25,200	0	0	0
Net cash provided from operating activities
270,100	207,800	223,700	232,400	175,700	239,100	226,000	209,200	184,700	173,000	118,800	130,300	156,500	160,400	220,000	257,400	271,400	326,700	309,100	282,600	244,000	204,000	215,100	239,600	323,200	249,400	264,700	188,500	107,600	176,200	183,500	146,200	165,100	100,500	20,700	64,200	-4,900	-7,800	48,500	115,200	0	0	0
INVESTING ACTIVITIES
Purchases of property, plant, equipment and software
193,600	192,900	186,200	180,300	184,800	161,000	147,700	135,000	116,300	109,100	100,800	98,500	92,200	90,800	91,900	95,200	84,300	92,600	141,400	170,500	203,300	272,100	317,800	349,200	407,300	377,800	344,200	310,200	251,600	234,400	186,900	157,800	151,300	122,200	98,800	79,600	52,700	42,800	41,000	44,200	0	0	0
Proceeds from disposals of property, plant and equipment and assets held for sale
400	400	400	400	200	2,000	2,000	1,900	0	0	0	-	-	-	-	-	-	-	-	200	0	0	0	-	-	-	-	-	-	-	-	1,200	700	1,200	1,200	1,100	1,100	200	200	1,000	0	0	0
Proceeds from sales and maturities of marketable securities
0	0	0	2,900	3,600	3,600	3,600	700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30,500	39,300	95,000	106,600	166,000	195,600	141,700	130,100	55,300	0	0	0
Purchases of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	91,300	0	0	0	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,000	-4,000	-4,000	-4,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used for investing activities
-193,200	-181,100	-253,400	-244,600	-248,600	-241,400	-149,100	-139,400	-105,900	-122,700	-114,400	-112,100	-119,200	-82,500	-83,300	-82,600	-73,400	-87,900	-137,000	-170,000	-202,800	-271,700	-317,100	-348,600	-406,100	-376,300	-335,000	-301,000	-244,400	-238,600	-200,500	-140,800	-139,400	-59,500	-80,800	-55,400	-1,000	-105,200	-108,800	-132,900	0	0	0
FINANCING ACTIVITIES
Credit agreement borrowings
331,100	156,300	252,000	163,900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Credit agreement repayments
281,100	167,400	202,000	163,900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in short-term credit agreement borrowings
-7,000	29,400	27,600	19,700	27,000	11,300	-3,300	0	-14,200	9,300	3,300	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid
38,800	38,700	38,700	38,600	37,500	36,500	35,400	34,400	34,300	34,300	34,200	34,100	34,100	33,900	34,300	34,800	35,400	36,500	37,300	37,900	38,500	38,600	38,500	38,500	38,400	38,400	38,300	38,300	38,200	36,600	35,200	33,700	32,200	32,300	32,200	32,100	32,100	31,900	31,900	31,900	0	0	0
Purchases of treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	123,900	188,100	210,800	170,400	124,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on seller financed debt related to purchase of software
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,900	3,700	2,500	1,200	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100,000	0	0	0	-	-	-	-	-	-	-	-
Proceeds from stock options exercised
4,500	4,500	3,300	3,900	12,100	13,000	14,700	12,900	4,500	3,900	3,300	2,200	2,400	2,100	700	500	300	1,800	1,700	2,300	2,600	2,200	5,300	7,100	6,800	6,000	3,700	2,300	2,500	2,200	2,200	1,800	2,700	2,800	2,200	1,600	0	0	0	-	-	-	-
Withholding tax payments on share-based compensation awards
7,800	7,800	7,800	4,400	5,900	6,100	6,300	2,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax benefits on share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	700	700	1,000	1,400	2,300	2,400	2,500	1,900	3,900	4,600	4,700	4,600	2,200	0	0	0	-	-	-	-	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided from financing activities
900	-23,700	34,400	-19,400	40,700	6,700	-85,300	-78,900	-45,000	-48,500	-29,500	-33,800	-46,000	-76,900	-116,000	-163,600	-201,800	-245,400	-206,600	-159,400	-95,500	-8,400	-31,800	-29,100	-130,200	166,100	154,900	155,500	257,500	-191,800	-182,100	-283,400	-34,400	118,900	115,000	213,900	-54,600	-54,700	-53,400	-53,500	0	0	0
Effect of exchange rate changes on cash and cash equivalents
-3,700	-1,600	2,900	2,400	4,300	3,400	500	-1,000	-3,600	-3,600	-900	-100	1,900	400	-400	800	-2,200	-1,100	-900	-3,200	-1,600	-1,300	-1,200	600	3,700	3,900	3,800	3,500	-1,100	-1,500	-3,100	-3,500	-300	1,700	1,600	4,400	1,200	-2,600	-2,600	-3,500	0	0	0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
74,100	1,400	7,600	-29,200	-27,900	7,800	-7,900	-10,100	30,200	-1,800	-26,000	-15,700	-6,800	1,400	20,300	12,000	-6,000	-7,700	-35,400	-50,000	-55,900	-77,400	-135,000	-137,500	-209,400	43,100	88,400	46,500	119,600	-255,700	-202,200	-281,500	-9,000	161,600	56,500	227,100	-59,300	-170,300	-116,300	-74,700	0	0	0
SUPPLEMENTAL CASH FLOW INFORMATION:
Non-cash investing activities:
Acquisition of property, plant, equipment and software
0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Seller financed debt related to purchase of software
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-