ESTERLINE TECHNOLOGIES CORP ESL Cash Flow

Esterline technologies corp (ESL)

CashFlow / TTM

Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jul'15	Jun'15	Apr'15	Mar'15	Jan'15	Dec'14	Sep'14	Jul'14	Apr'14	Jan'14	Oct'13	Jul'13	Apr'13	Jan'13	Oct'12	Jul'12	Apr'12	Jan'12	Oct'11	Jul'11	Apr'11	Jan'11	Oct'10	Jul'10	Apr'10	Jan'10
Cash Flows Provided (Used) by Operating Activities
Net earnings (loss) including noncontrolling interests
138,769	70,414	48,245	51,491	62,399	62,399	113,058	130,924	129,448	109,687	98,902	69,940	67,978	63,220	86,556	-	0	-	0	0	0	-	-	-	0	-	-	-	116,516	113,575	0	0	0	-	-	-	0	-	-	-	0
Adjustments to reconcile net earnings (loss) including noncontrolling interests to net cash provided (used) by operating activities:
Depreciation and amortization
104,754	106,724	106,592	106,904	104,361	104,361	103,770	103,991	102,691	101,712	100,258	100,511	102,266	97,972	103,357	-	0	-	0	0	0	-	-	-	0	-	-	-	109,640	107,792	0	0	0	-	-	-	0	-	-	-	0
Deferred income taxes
-17,320	-9,064	4,426	2,831	9,118	9,118	-4,490	-16,369	-20,828	-25,524	-22,274	-16,157	-15,190	-14,643	-14,313	-	-17,301	-	-15,511	0	-18,831	-14,704	-22,678	-24,546	-19,741	-21,812	-18,012	-15,886	-21,307	-25,410	-32,804	-25,369	-21,429	-12,345	1,510	-3,677	-7,137	-9,997	0	0	0
Share-based compensation
8,377	9,514	11,198	8,686	9,150	9,150	9,323	10,034	13,760	14,829	13,986	14,863	13,410	12,534	12,106	-	0	-	0	0	0	-	-	-	0	-	-	-	10,638	9,543	0	0	0	-	-	-	0	-	-	-	0
Excess tax benefits from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of fixed assets
-971	-2,978	-2,101	-2,165	-2,007	-2,007	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	944	0	0	0	-	-	-	-	-	-	-	-
Gain on release of non-income tax liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,656	-	0	-	0	0	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on assets held for sale
376	287	149	-2,898	-1,911	-1,911	2,906	4,090	9,285	10,659	8,448	22,924	19,917	33,309	30,792	-	0	-	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Working capital changes:
Accounts receivable
50,570	27,445	9,056	-576	-9,961	-9,961	2,688	6,566	32,787	27,758	44,494	27,163	-15,635	-32,927	13,459	-	0	-	0	0	0	-	-	-	0	-	-	-	-20,589	22,381	0	0	0	-	-	-	0	-	-	-	0
Inventories
16,280	4,494	10,883	16,185	15,096	15,096	16,045	14,767	18,968	10,282	1,554	-6,174	-11,156	-7,734	-9,642	-	0	-	0	0	0	-	-	-	0	-	-	-	25,607	19,303	0	0	0	-	-	-	0	-	-	-	0
Prepaid expenses
2,651	1,405	1,392	-413	1,643	1,643	291	1,485	373	-990	-4,554	172	-1,426	-1,914	3,113	-	0	-	0	0	0	-	-	-	0	-	-	-	6,002	2,506	0	0	0	-	-	-	0	-	-	-	0
Other current assets
1,150	-272	-415	-1,235	-1,394	-1,394	-1,108	-102	522	-2,476	-373	1,473	1,404	5,533	2,068	-	-299	-	-1,023	0	-758	-787	821	1,553	-615	1,558	2,026	2,240	3,330	1,002	822	-536	2,194	2,575	-1,642	-2,910	-2,813	-2,285	0	0	0
Accounts payable
-3,412	13,533	2,573	14,867	10,213	10,213	6,987	-815	5,688	-3,124	5,481	20,636	89	-6,505	7,516	-	0	-	0	0	0	-	-	-	0	-	-	-	-9,388	-6,482	0	0	0	-	-	-	0	-	-	-	0
Accrued liabilities
-392	-7,304	-23,873	-21,972	-25,662	-25,662	-15,398	-8,155	-11,384	-4,535	-6,035	-8,130	16,304	-6,051	17,294	-	0	-	0	0	0	-	-	-	0	-	-	-	6,646	14,879	0	0	0	-	-	-	0	-	-	-	0
U.S. and foreign income taxes
11,381	15,787	-8,617	-8,944	-4,832	-4,832	-16,956	-4,701	6,927	8,909	14,184	-15,515	-20,593	-25,593	-24,409	-	0	-	0	0	0	-	-	-	0	-	-	-	-5,478	-2,858	0	0	0	-	-	-	0	-	-	-	0
Long-term U.S. income taxes payable
-5,436	32,902	38,640	38,640	38,640	38,640	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
0	-	0	0	2,893	0	-	0	0	-1,345	-	3,937	-945	2,612	5,171	-	-11,925	-	-8,978	0	-13,122	-15,336	1,352	-5,977	-17,231	-7,602	-10,022	-12,383	-5,291	-14,702	-17,945	-31,496	-24,155	-22,983	-30,389	599	-4,133	-7,571	0	0	0
Other, net
-3,090	-10,056	-13,300	-12,240	-15,060	-15,060	-12,958	10,122	5,469	8,323	4,667	-25,173	-12,631	3,017	5,750	-	0	-	0	0	0	-	-	-	0	-	-	-	-6,713	-3,692	0	0	0	-	-	-	0	-	-	-	0
Net Cash Provided (Used) by Operating Activities
172,344	214,081	173,974	191,824	210,356	210,356	193,449	187,419	179,117	172,041	167,162	195,052	222,184	174,748	193,666	-	0	-	0	0	0	-	-	-	0	-	-	-	234,120	194,171	0	0	0	-	-	-	0	-	-	-	0
Cash Flows Provided (Used) by Investing Activities
Purchase of capital assets
51,026	53,292	55,136	56,683	56,144	56,144	58,040	52,078	55,043	68,908	68,472	77,599	72,573	55,173	55,407	-	0	-	0	0	0	-	-	-	0	-	-	-	48,773	49,446	0	0	0	-	-	-	0	-	-	-	0
Escrow deposit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	0	0	-	-	-	-	0	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	0
Proceeds from sale of capital assets
5,360	1,092	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	0	-	-	-	-	944	0	0	0	-	-	-	0	-	-	-	0
Acquisition of business, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	155,975	-	0	-	0	0	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	0	-	-	-	0
Net Cash Provided (Used) by Investing Activities
4,492	-2,042	-6,888	-8,435	-55,544	-55,544	-57,440	-51,478	-50,789	-66,379	-65,943	-38,018	-26,855	-179,400	-179,634	-	0	-	0	0	0	-	-	-	0	-	-	-	-48,270	-48,502	0	0	0	-	-	-	0	-	-	-	0
Cash Flows Provided (Used) by Financing Activities
Proceeds provided by stock issuance under employee stock plans
17,293	2,782	4,316	13,591	18,558	18,558	28,116	28,361	18,949	14,259	6,139	6,138	10,455	14,689	16,573	-	0	-	0	0	0	-	-	-	0	-	-	-	9,950	7,658	0	0	0	-	-	-	0	-	-	-	0
Withholding taxes on restricted stock units vested
868	465	437	444	514	514	1,150	1,115	1,072	-265	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from share-based compensation
-	-	-	-	-	-	-	-	-	-	567	650	996	2,181	2,613	-	0	-	0	0	0	-	-	-	0	-	-	-	711	382	0	0	0	-	-	-	0	-	-	-	0
Shares repurchased
23,005	43,450	43,450	43,450	20,445	20,445	0	0	0	0	-	-	-	-	269,257	-	0	-	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of long-term credit facilities
90,000	95,000	85,000	90,000	105,000	105,000	110,000	125,000	110,000	50,000	50,000	105,000	415,000	415,000	415,000	-	0	-	0	0	0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from long-term credit facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Repayment of long-term debt
44,510	47,574	14,221	14,078	16,872	16,872	16,392	15,901	15,635	12,241	12,360	259,046	415,239	418,232	418,999	-	0	-	0	0	0	-	-	-	0	-	-	-	63,369	73,145	0	0	0	-	-	-	0	-	-	-	0
Proceeds from issuance of long-term credit facilities
20,000	45,000	45,000	45,000	25,000	25,000	5,000	20,000	35,000	50,000	45,000	130,000	270,000	430,000	465,000	-	0	-	0	0	0	-	-	-	0	-	-	-	30,082	30,000	0	0	0	-	-	-	-	-	-	-	-
Proceeds from government assistance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,083	-	0	-	0	0	-	-	-	-	0	-	-	-	9,993	17,285	0	0	0	-	-	-	0	-	-	-	0
Dividends paid to noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	-	0	-	-	-	-	0	-	-	-	514	0	0	0	0	-	-	-	-	-	-	-	-
Debt and other issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,263	8,213	-	7,890	-	0	-	0	0	0	0	-	-	-	-	-	-	-	-	5,398	10,093	8,223	4,755	4,719	0	0	0
Net Cash Provided (Used) by Financing Activities
-121,090	-138,707	-93,792	-89,381	-99,273	-99,273	-94,426	-93,583	-79,345	-16,360	-29,388	-88,505	-104,659	-6,764	-17,718	-	0	-	0	0	0	-	-	-	0	-	-	-	-178,147	-167,820	0	0	0	-	-	-	0	-	-	-	0
Effect of Foreign Exchange Rates on Cash and Cash Equivalents
0	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Increase (Decrease) in Cash and Cash Equivalents
0	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of Foreign Exchange Rates on Cash and Cash Equivalents
-	-8,752	-1,653	20,471	21,309	-	7,723	-805	-14,779	-12,169	-4,666	-7,195	-2,722	-15,174	-18,210	-	0	-	0	0	0	-	-	-	0	-	-	-	1,784	-2,209	0	0	0	-	-	-	0	-	-	-	0
Net Increase (Decrease) in Cash and Cash Equivalents
-	64,580	71,641	114,479	76,848	-	49,306	41,553	34,204	77,133	67,165	61,334	87,948	-26,590	-21,896	-	0	-	0	0	0	-	-	-	0	-	-	-	9,487	-24,360	0	0	0	-	-	-	0	-	-	-	0
Supplemental Cash Flow Information:
Cash paid for interest
26,992	28,933	28,642	27,183	27,174	27,174	27,441	28,089	28,749	28,063	27,679	37,944	27,368	35,915	28,075	-	0	-	0	0	0	-	-	-	0	-	-	-	42,615	43,854	0	0	0	-	-	-	0	-	-	-	0
Cash paid for taxes
48,690	40,100	36,108	41,023	43,482	43,482	51,078	49,923	43,472	33,322	24,803	30,010	28,345	35,394	43,543	-	0	-	0	0	0	-	-	-	0	-	-	-	53,571	54,366	0	0	0	-	-	-	0	-	-	-	0