Genesee & wyoming inc. (GWR)
CashFlow / Quarterly
Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

69,771

51,373

38,806

57,380

72,310

48,611

76,025

427,976

53,385

48,128

27,289

8,893

56,785

48,399

27,019

84,934

63,362

52,837

23,904

87,624

72,650

60,728

40,004

57,293

66,225

65,050

82,728

13,396

-19,567

36,363

22,241

33,275

32,942

31,145

22,122

19,870

24,795

20,635

15,960

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

63,026

62,517

62,626

66,089

65,392

65,745

65,990

63,948

64,222

61,513

60,774

54,093

50,841

50,924

49,330

49,967

48,303

48,452

41,813

40,951

40,277

38,212

37,641

35,926

37,334

34,161

34,223

18,458

18,980

18,334

17,633

17,700

16,623

16,297

15,861

13,760

12,506

12,452

12,448

Loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-24

-3

-

-10

0

0

-82

2,745

-56

-16

Stock-based compensation

4,271

4,220

3,880

4,623

4,428

4,549

4,052

4,200

4,497

4,644

4,213

4,141

4,310

4,451

5,074

4,308

3,380

3,080

3,881

3,795

3,052

2,697

3,314

3,331

2,871

3,224

7,525

6,388

1,815

1,658

2,290

2,192

1,745

1,691

2,148

1,940

1,540

1,620

2,074

Excess tax benefit from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

139

420

834

738

1,301

602

3,580

-626

1,821

1,352

4,314

2,493

155

941

1,746

730

41

1,149

900

965

41

296

673

Deferred income taxes

11,934

13,222

9,312

15,395

19,467

12,659

-24,148

-370,480

16,911

20,748

13,572

8,354

8,752

11,307

5,029

-6,318

24,123

12,436

10,236

7,519

26,159

20,335

16,118

9,607

19,424

15,064

-33,866

191

8,127

11,631

9,977

6,228

8,992

7,760

3,311

-7,268

7,214

7,706

4,357

Net gain on sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,237

1,369

838

1,258

703

1,009

1,707

778

3,018

6,199

1,230

2,952

610

1,088

1,010

-

2,434

1,399

449

Insurance proceeds received

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

700

0

1,038

9,315

0

106

8,852

12,521

622

0

24

0

-

-

-

-

Gain (Loss) on Sale of Assets and Asset Impairment Charges

641

-980

1,490

745

642

823

1,036

-5,350

315

354

427

-20,491

524

308

-12,825

310

1,174

490

317

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,010

-

-

-

-

Loss on settlement of foreign currency forward purchase contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

18,686

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities which provided/(used) cash:
Accounts receivable, net

-7,524

9,323

-4,393

-14,241

3,624

40,220

6,299

-5,051

28,086

-3,542

-6,524

5,221

-741

21,089

-9,617

23,942

-17,103

-15,197

-20,547

6,885

5,606

18,057

8,559

5,173

-2,647

36,488

8,766

4,023

5,727

-6,143

2,526

-1,343

-3,962

3,775

13,837

12,746

-140

-192

5,988

Materials and supplies

4,828

-3,250

1,972

5,326

-673

133

-2,593

6,524

-6,800

-4,338

2,140

-3,392

1,571

-310

1,381

1,748

1,457

1,411

-543

-3,670

-218

1,419

-131

734

-737

-1,562

3,404

-496

-807

452

1,418

675

-1,232

1,107

656

-50

-59

469

-155

Prepaid expenses and other

-2,602

7,940

-819

-1,550

4,076

562

7,025

-9,716

360

-16,843

2,226

-2,766

-148

-4,486

6,564

7,467

-9,244

-9,095

3,410

-11,883

2,052

-5,439

-2,181

-13,214

7,799

-104

2,215

-3,568

750

-165

2,496

-3,300

1,805

-3,583

1,535

-1,584

357

602

1,387

Accounts payable and accrued expenses

11,608

2,389

-21,062

3,613

13,153

33,046

-12,381

6,188

6,753

-18,952

-29,330

9,016

16,752

-11,280

-34,956

31,565

1,951

-41,264

-32,133

-20,287

28,536

22,036

-15,582

24,561

5,234

1,916

-15,328

-19,819

25,133

-7,874

-27,491

-11,352

9,970

-4,135

-20,039

15,476

12,241

2,124

6,402

Other assets and liabilities, net

87

2,556

-8,077

1,201

934

-7,096

-3,588

16,608

-2,256

1,140

-6,767

2,441

-5,348

-4,760

-4,048

-88

5,225

-3,177

-1,078

3,415

-2,717

-403

-830

3,272

-1,831

-4,614

-628

-1,915

-2,826

-588

9

1,056

-634

2,632

-1,819

-2,271

-535

1,877

-722

Net cash provided by operating activities from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

78,683

63,106

27,749

-

73,654

44,677

7,284

44,520

53,453

40,142

33,637

Net cash used in operating activities from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-24

-3

-

-10

-1

-4

-1,846

1,000

-64

-23

Net cash provided by operating activities

161,080

119,732

103,389

155,619

166,147

129,968

101,359

128,817

126,063

139,310

85,016

103,484

141,582

91,960

70,041

132,367

159,574

100,689

83,994

122,461

168,940

128,403

71,660

134,821

125,980

87,884

64,819

1,168

78,683

63,082

27,746

47,869

73,644

44,676

7,280

44,540

54,453

40,078

33,614

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment

82,526

76,952

67,788

89,970

60,804

75,106

58,222

79,367

57,607

56,760

34,738

60,021

46,202

65,409

47,912

95,354

115,924

93,959

66,267

59,803

96,775

103,303

71,618

78,883

58,101

74,426

37,908

61,165

63,991

56,220

50,318

72,282

44,321

46,340

15,725

62,198

29,043

14,271

14,328

Grant proceeds from outside parties

8,100

8,405

6,495

3,827

3,800

6,966

5,934

4,251

4,368

6,859

4,771

6,142

3,962

9,761

16,229

10,286

8,755

6,332

16,369

-15,538

15,874

14,844

12,800

10,035

17,870

3,160

2,848

14,703

6,648

9,844

8,437

3,869

30,473

-4,186

-7,514

66,000

-7,212

-7,886

-10,100

Net payment from settlement of foreign currency forward purchase contracts related to an acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

18,686

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Insurance proceeds for replacement of assets

2,700

1,597

0

228

914

266

1,600

184

0

0

1,406

4,882

2,578

5,323

2,418

736

8,237

0

1,421

3,917

2,940

872

300

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from disposition of property and equipment

1,024

1,582

2,594

5,769

915

1,372

1,423

987

958

2,352

928

688

545

1,166

292

795

1,489

652

1,082

2,534

1,197

1,810

1,555

2,733

756

1,187

2,011

1,625

5,532

6,515

1,626

5,410

948

2,075

1,031

5,901

797

2,525

768

Net cash paid for acquisitions, net of cash acquired

-

-

-

-

-

-

-

0

4,931

105,590

-2,935

969,476

0

0

0

4,681

8,858

2,754

723,944

909

0

220,542

0

-

-

-

-

1,924,459

0

0

837

0

89,495

0

440

-

-

-

-

Other investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-208

Net cash used in investing activities

-70,961

-22,727

-58,699

-89,506

-55,180

-61,495

-49,265

-73,945

-57,212

-151,039

-24,698

-1,017,785

-39,117

-49,159

-28,973

-88,218

-106,301

-89,729

-790,025

-69,799

-76,764

-306,319

-56,963

-66,115

-39,475

-70,079

-33,049

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-51,441

-39,861

-41,092

-

-125,795

-38,710

-7,620

-360,716

-21,034

-3,860

-3,252

CASH FLOWS FROM FINANCING ACTIVITIES:
Principal payments on revolving line-of-credit, long-term debt and finance lease obligations

106,938

164,293

155,045

50,101

92,761

585,115

121,850

162,636

176,479

154,716

167,730

603,135

189,157

168,246

143,684

172,591

196,040

181,492

125,307

159,272

190,818

91,658

96,287

83,939

120,057

128,486

139,475

797,727

84,049

74,929

56,461

114,637

303,143

59,783

55,981

61,863

6,796

6,817

6,820

Proceeds from revolving line-of-credit and long-term debt

16,609

82,775

95,951

201,016

59,438

618,401

176,840

104,937

98,544

207,897

112,294

774,021

85,061

111,118

104,316

122,129

161,644

85,062

892,805

144,539

80,590

271,625

46,546

47,208

46,445

95,636

73,362

1,996,436

63,362

68,402

64,716

135,970

350,812

41,645

52,967

-

-

-

-

Debt amendment/issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3,689

0

5,933

0

0

3,880

0

893

0

337

1,543

38,839

0

0

0

-

-

-

-

-

-

-

-

Excess tax benefits from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

139

420

834

738

1,301

602

3,580

-626

1,821

1,352

4,314

2,493

155

941

1,746

730

41

1,149

900

965

41

296

673

Common share repurchases

0

0

4,796

189,604

78,164

134,948

57,376

0

0

0

0

-3,065

472

619

1,974

16

253

145

2,847

124

536

152

3,374

154

3,206

498

7,237

2,544

7

6

1,757

34

5

258

1,029

1

3

355

491

Installment payments on Freightliner deferred consideration

0

2,522

0

0

0

0

6,255

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid on Series A-1 Preferred Stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,139

4,375

0

0

0

-

-

-

-

-

-

-

-

Other financing related activities, net

6,787

1,736

-1,989

574

5,899

1,080

-1,973

2,252

3,020

2,522

-814

-1,936

2,834

467

2,668

1,351

1,295

1,456

2,727

2,245

2,646

2,281

4,647

1,484

1,849

3,274

5,903

7,232

1,346

4,532

6,210

4,195

607

8,625

4,006

10,946

2,040

2,123

3,096

Net cash used in financing activities

-83,542

-87,000

-65,879

-47,244

-105,603

-120,783

-10,614

-55,447

-74,915

55,703

-56,250

917,612

-101,734

-57,280

-38,674

-50,520

-36,904

-94,699

762,279

-11,874

-106,817

178,818

-44,888

-36,920

-73,148

-29,059

-66,815

-

-

-

-

-

-

-

-

-

-

-

-3,542

Net cash (used in)/provided by financing activities from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

438,024

-1,060

14,454

-

43,570

-8,622

863

-

-

-

-

EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS

-2,048

2,270

910

-2,549

-999

622

-562

770

2,598

1,504

1,878

2,642

664

337

778

3,339

-7,733

1,656

-3,555

147

401

-57

-498

-864

60

455

-391

4,796

546

-680

361

559

-1,736

1,550

-897

-7,689

6,827

-4,042

895

CHANGE IN CASH BALANCES INCLUDED IN CURRENT ASSETS OF DISCONTINUED OPERATIONS

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1

3

9

61

26

DECREASE IN CASH AND CASH EQUIVALENTS

4,529

12,275

-20,279

16,320

4,365

-51,688

40,918

195

-3,466

45,478

5,946

5,953

1,395

-14,142

3,172

-3,032

8,636

-82,083

52,693

40,935

-14,240

845

-30,689

30,922

13,417

-10,799

-35,436

-451,259

465,812

21,481

1,469

11,648

-10,317

-1,106

-373

-169,242

37,368

25,843

27,741