Esterline technologies corp (ESL)
CashFlow / Quarterly
Dec'18Sep'18Jun'18Mar'18Dec'17Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jul'15Jun'15Apr'15Mar'15Jan'15Dec'14Sep'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Jan'11Oct'10Jul'10Apr'10Jan'10
Cash Flows Provided (Used) by Operating Activities
Net earnings (loss) including noncontrolling interests

33,727

53,011

27,981

24,050

-34,628

-34,628

30,842

31,227

34,958

16,031

48,708

29,751

15,197

5,246

19,746

-

27,789

-

10,439

8,382

28,582

-

-

-

30,164

-

-

-

25,921

62,072

-16,890

45,413

22,980

-

-

-

29,968

-

-

-

12,779

Adjustments to reconcile net earnings (loss) including noncontrolling interests to net cash provided (used) by operating activities:
Depreciation and amortization

24,246

26,897

25,524

28,087

26,216

26,216

26,765

25,836

25,544

25,625

26,986

24,536

24,565

24,171

27,239

-

26,291

-

20,271

25,033

29,556

-

-

-

29,639

-

-

-

27,971

28,527

24,417

28,725

26,123

-

-

-

17,760

-

-

-

18,659

Deferred income taxes

-3,800

-6,340

-1,397

-5,783

4,456

4,456

7,150

-2,992

504

-9,152

-4,729

-7,451

-4,192

-5,902

1,388

-

-6,484

-

-3,645

-1,178

-5,572

-1,600

-4,694

-6,965

-1,445

-9,574

-6,562

-2,160

-3,516

-5,774

-4,436

-7,581

-7,619

-13,168

2,999

-3,641

1,465

687

-2,188

-7,101

-1,395

Share-based compensation

2,861

90

2,709

2,717

3,998

3,998

1,774

197

3,181

4,171

2,485

3,923

4,250

3,328

3,362

-

2,470

-

3,374

2,707

2,900

-

-

-

3,583

-

-

-

3,743

1,857

1,799

3,239

2,648

-

-

-

2,070

-

-

-

1,472

Excess tax benefits from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

0

20

476

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of fixed assets

0

-877

64

-158

-2,007

-2,007

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-195

984

-292

447

-

-

-

-

-

-

-

-

Gain on release of non-income tax liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

-

0

15,656

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on assets held for sale

0

-493

2,175

-1,306

-89

-89

-631

-872

-319

4,728

553

4,323

1,055

2,517

15,029

-

1,316

-

14,447

14,077

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Working capital changes:
Accounts receivable

-38,023

44,570

5,546

38,477

-61,148

-61,148

26,181

-4,086

29,092

-48,499

30,059

22,135

24,063

-31,763

12,728

-

-20,663

-

6,771

-20,229

14,623

-

-

-

-56,012

-

-

-

-54,172

43,356

-19,013

9,240

-11,202

-

-

-

-53,804

-

-

-

-22,568

Inventories

27,576

-21,806

1,471

9,039

15,790

15,790

-15,417

6,773

7,950

16,739

-16,695

10,974

-736

8,011

-24,423

-

5,992

-

2,686

19,525

6,103

-

-

-

25,033

-

-

-

8,743

-8,191

10,100

14,955

2,439

-

-

-

24,084

-

-

-

268

Prepaid expenses

4,673

-3,849

2,151

-324

3,427

3,427

-3,862

346

1,732

2,075

-2,668

-766

369

-1,489

2,058

-

-2,364

-

-119

6,411

3,538

-

-

-

6,334

-

-

-

5,771

-2,917

-693

3,841

2,275

-

-

-

209

-

-

-

2,093

Other current assets

2,012

-1,228

812

-446

590

590

-1,371

-8

-605

876

-365

616

-3,603

2,979

1,481

-

547

-

526

-114

-486

-886

-177

791

-515

722

555

-1,377

1,658

1,190

769

-287

-670

1,010

-589

2,443

-289

-3,207

-1,857

2,540

239

Accounts payable

-22,815

14,689

-10,682

15,396

-5,870

-5,870

3,729

1,612

10,742

-9,096

-4,073

8,115

1,930

-491

11,082

-

-12,432

-

-4,664

-2,470

13,530

-

-

-

-11,443

-

-

-

-6,683

-4,143

-375

1,813

-3,777

-

-

-

-8,013

-

-

-

-4,237

Accrued liabilities

-14,740

14,587

-10,885

10,646

-21,652

-21,652

-1,982

-8,984

6,956

-11,388

5,261

-12,213

13,805

-12,888

3,166

-

12,221

-

-8,550

-22,419

10,457

-

-

-

-15,640

-

-

-

-9,783

-2,044

13,988

4,485

-1,550

-

-

-

-15,119

-

-

-

-20,304

U.S. and foreign income taxes

835

15,069

653

-5,176

5,241

5,241

-9,335

326

-1,064

-6,883

2,920

11,954

918

-1,608

-26,779

-

6,876

-

-4,082

800

-424

-

-

-

-3,531

-

-

-

161

-5,009

-4,351

3,721

2,781

-

-

-

-7,139

-

-

-

-456

Long-term U.S. income taxes payable

302

-5,738

0

0

38,640

38,640

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

-138

-

169

-2,285

-649

-649

-

1,296

-365

1,361

-

2,082

-857

-488

3,200

-

-2,800

-

2,700

4,078

2,071

-13,896

147

-1,444

-143

2,792

-7,182

-12,698

9,486

372

-9,543

-5,606

75

-2,871

-23,094

1,735

1,247

-10,277

7,894

-2,997

-2,191

Other, net

3,539

-847

-3,570

-2,212

-3,427

-3,427

-4,091

-2,510

-5,032

-1,325

18,989

-7,163

-2,178

-4,981

-10,851

-

5,379

-

13,470

2,565

-2,248

-

-

-

6,421

-

-

-

-1,296

-182

-1,441

-3,794

1,725

-

-

-

2,394

-

-

-

1,676

Net Cash Provided (Used) by Operating Activities

20,701

94,687

29,676

27,280

62,438

62,438

54,580

47,526

45,812

45,531

48,550

39,224

38,736

40,652

76,440

-

66,356

-

-8,700

5,196

59,570

-

-

-

49,923

-

-

-

86,596

42,797

66,072

38,655

46,647

-

-

-

49,645

-

-

-

30,353

Cash Flows Provided (Used) by Investing Activities
Purchase of capital assets

11,136

14,043

11,529

14,318

13,402

13,402

15,887

13,076

13,779

15,298

9,925

16,041

27,644

14,862

19,052

-

11,015

-

10,244

13,080

15,096

-

-

-

11,533

-

-

-

12,253

9,990

13,679

12,851

12,926

-

-

-

14,633

-

-

-

14,120

Escrow deposit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

-

-180,091

180,091

-

-

-

-

0

-

-

-

-

-

-

-

6

-

-

-

14,000

-

-

-

0

Proceeds from sale of capital assets

4,268

658

0

434

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

0

-

-

-

-

-195

984

-292

447

-

-

-

395

-

-

-

61

Acquisition of business, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-15,095

-

0

-

171,070

0

-

-

-

-

44,599

-

-

-

0

-

-

-

-

-

-

-

103,548

-

-

-

768

Net Cash Provided (Used) by Investing Activities

-6,868

-11,041

-11,529

33,930

-13,402

-13,402

-15,887

-13,076

-13,179

-15,298

-9,925

-12,387

-28,769

-14,862

18,000

-

-1,224

-

-181,314

-193,171

-15,096

-

-

-

-56,132

-

-

-

-12,253

-10,185

-12,695

-13,137

-12,485

-

-

-

-131,786

-

-

-

-14,827

Cash Flows Provided (Used) by Financing Activities
Proceeds provided by stock issuance under employee stock plans

15,682

-319

831

1,099

1,171

1,171

1,215

10,106

6,066

10,729

1,460

694

1,376

2,609

1,459

-

5,011

-

5,610

2,632

4,493

-

-

-

14,677

-

-

-

3,671

327

3,794

2,158

1,379

-

-

-

6,923

-

-

-

1,167

Withholding taxes on restricted stock units vested

630

63

36

139

227

227

35

43

209

863

0

0

-1,128

1,128

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from share-based compensation

-

-

-

-

-

-

-

-

-

-

71

0

20

476

154

-

346

-

1,205

895

908

-

-

-

3,440

-

-

-

335

161

0

215

6

-

-

-

953

-

-

-

199

Shares repurchased

0

0

0

23,005

20,445

20,445

0

0

0

0

-

-

-

-

84,093

-

57,744

-

78,789

90,237

48,631

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of long-term credit facilities

0

25,000

20,000

45,000

5,000

5,000

15,000

25,000

60,000

10,000

30,000

10,000

0

10,000

85,000

-

320,000

-

0

0

10,000

-

-

-

0

-

-

-

15,000

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from long-term credit facilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,442

Repayment of long-term debt

489

36,873

3,582

3,566

3,553

3,553

3,520

3,439

6,360

3,073

3,029

3,173

2,966

3,192

249,715

-

159,366

-

5,959

1,760

3,959

-

-

-

3,847

-

-

-

21,609

29,014

35,895

-23,149

31,385

-

-

-

1,708

-

-

-

178

Proceeds from issuance of long-term credit facilities

0

0

0

20,000

25,000

25,000

0

0

0

5,000

15,000

15,000

15,000

0

100,000

-

155,000

-

175,000

180,000

35,000

-

-

-

25,000

-

-

-

82

30,000

0

0

0

-

-

-

-

-

-

-

-

Proceeds from government assistance

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-156

-

-71

-

3,310

0

-

-

-

-

0

-

-

-

650

82

3,155

6,106

7,942

-

-

-

5,285

-

-

-

0

Dividends paid to noncontrolling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

-

0

-

-

-

-

702

-

-

-

514

0

0

0

0

-

-

-

-

-

-

-

-

Debt and other issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50

323

-

7,890

-

0

-

0

0

0

0

-

-

-

-

-

-

-

-

24

1,870

3,468

36

4,719

0

0

0

Net Cash Provided (Used) by Financing Activities

14,563

-62,255

-22,787

-50,611

-3,054

-3,054

-17,340

-18,376

-60,503

1,793

-16,497

-4,138

2,482

-11,235

-75,614

-

-20,292

-

100,377

91,530

-22,189

-

-

-

38,568

-

-

-

-32,385

-88,444

-28,946

-28,372

-22,058

-

-

-

11,417

-

-

-

-3,254

Effect of Foreign Exchange Rates on Cash and Cash Equivalents

-9,620

-

-

-

-

1,064

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net Increase (Decrease) in Cash and Cash Equivalents

18,776

-

-

-

-

47,046

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of Foreign Exchange Rates on Cash and Cash Equivalents

-

-24

-12,275

2,483

1,064

-

7,075

9,849

3,321

-12,522

-1,453

-4,125

5,931

-5,019

-3,982

-

348

-

-6,521

-13,577

-8,055

-

-

-

-3,099

-

-

-

143

3,434

-2,453

660

-3,850

-

-

-

85

-

-

-

-2,016

Net Increase (Decrease) in Cash and Cash Equivalents

-

21,367

-16,915

13,082

47,046

-

28,428

25,923

-24,549

19,504

20,675

18,574

18,380

9,536

14,844

-

45,188

-

-96,158

-110,022

14,230

-

-

-

29,260

-

-

-

42,101

-52,398

21,978

-2,194

8,254

-

-

-

-70,639

-

-

-

10,256

Supplemental Cash Flow Information:
Cash paid for interest

8,537

3,638

11,169

3,648

10,478

10,478

3,347

9,710

3,639

10,745

3,995

10,370

2,953

10,361

14,260

-

-206

-

11,500

11,139

2,521

-

-

-

11,893

-

-

-

2,830

16,815

5,172

17,798

4,069

-

-

-

1,653

-

-

-

7,118

Cash paid for taxes

14,769

16,429

8,403

9,089

6,179

6,179

12,437

13,318

11,548

13,775

11,282

6,867

1,398

5,256

16,489

-

5,202

-

8,447

6,334

13,405

-

-

-

14,082

-

-

-

5,083

16,812

14,598

17,078

5,878

-

-

-

10,907

-

-

-

6,812