HUNTINGTON INGALLS INDUSTRIES, INC. HII Cash Flow

Huntington ingalls industries, inc. (HII)

CashFlow / Quarterly

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
Operating Activities
Net earnings (loss)
172,000	149,000	154,000	128,000	118,000	212,000	229,000	239,000	156,000	64,000	149,000	147,000	119,000	197,000	107,000	133,000	136,000	50,000	111,000	156,000	87,000	52,000	96,000	100,000	90,000	91,000	69,000	57,000	44,000	50,000	13,000	50,000	33,000	63,000	-248,000	40,000	45,000
Adjustments to reconcile to net cash provided by (used in) operating activities
Depreciation
47,000	54,000	43,000	42,000	41,000	38,000	44,000	44,000	41,000	42,000	41,000	41,000	41,000	40,000	40,000	42,000	41,000	38,000	39,000	38,000	39,000	30,000	39,000	43,000	54,000	71,000	53,000	39,000	43,000	43,000	40,000	40,000	42,000	41,000	42,000	41,000	40,000
Amortization of purchased intangibles
11,000	12,000	12,000	12,000	11,000	8,000	10,000	9,000	9,000	10,000	10,000	9,000	11,000	7,000	5,000	6,000	5,000	7,000	6,000	6,000	7,000	8,000	8,000	6,000	6,000	4,000	5,000	5,000	6,000	4,000	5,000	5,000	5,000	5,000	5,000	5,000	5,000
Amortization of debt issuance costs
1,000	1,000	1,000	0	1,000	1,000	1,000	1,000	1,000	2,000	1,000	1,000	2,000	1,000	1,000	1,000	2,000	2,000	1,000	2,000	3,000	3,000	3,000	2,000	3,000	3,000	2,000	2,000	2,000	3,000	2,000	2,000	2,000	2,000	2,000	2,000	0
Provision for doubtful accounts
-	-1,000	-3,000	0	-2,000	-	-	-	-	0	-12,000	-7,000	29,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
7,000	11,000	7,000	7,000	5,000	9,000	12,000	8,000	7,000	7,000	7,000	14,000	6,000	14,000	11,000	6,000	5,000	14,000	8,000	17,000	4,000	12,000	11,000	6,000	5,000	16,000	9,000	10,000	9,000	16,000	9,000	8,000	8,000	20,000	9,000	9,000	4,000
Deferred income taxes
-18,000	139,000	-12,000	-14,000	-16,000	9,000	12,000	-6,000	-5,000	210,000	2,000	-16,000	-12,000	-26,000	-20,000	-24,000	-15,000	20,000	-17,000	11,000	1,000	33,000	-15,000	12,000	-8,000	9,000	47,000	-14,000	-14,000	-35,000	-15,000	-12,000	-17,000	-	-	-14,000	33,000
Excess tax benefit related to stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	13,000	2,000	19,000	2,000	0	3,000	-	-	-	-	-	-	-	-
Loss (gain) on investments in marketable securities
-16,000	-	-	-	7,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in
Accounts Receivable
93,000	-172,000	-78,000	189,000	112,000	-228,000	105,000	20,000	-92,000	5,000	-11,000	11,000	121,000	44,000	24,000	-64,000	12,000	-204,000	34,000	22,000	189,000	-106,000	-72,000	-124,000	162,000	68,000	-46,000	-98,000	294,000	22,000	5,000	-76,000	243,000	-70,000	-118,000	3,000	168,000
Contract assets
140,000	-229,000	-41,000	9,000	229,000	-38,000	-40,000	15,000	305,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventoried costs
6,000	-3,000	13,000	-1,000	2,000	-37,000	6,000	-14,000	5,000	0	-13,000	-25,000	20,000	-58,000	-12,000	-3,000	-2,000	-23,000	-11,000	-17,000	-3,000	-12,000	-23,000	-20,000	2,000	-153,000	77,000	8,000	17,000	173,000	-32,000	-20,000	-5,000	-260,000	59,000	4,000	110,000
Prepaid expenses and other assets
1,000	31,000	19,000	40,000	3,000	45,000	-22,000	55,000	-38,000	64,000	-13,000	12,000	-11,000	-34,000	38,000	4,000	9,000	-8,000	30,000	-2,000	11,000	-3,000	-18,000	10,000	4,000	-	-	-	-	-14,000	-3,000	13,000	-2,000	-6,000	-4,000	2,000	38,000
Accounts payable and accruals
46,000	-143,000	40,000	-40,000	147,000	105,000	88,000	42,000	100,000	69,000	35,000	-24,000	22,000	1,000	88,000	-18,000	-112,000	-11,000	83,000	-14,000	39,000	100,000	-55,000	66,000	-197,000	57,000	158,000	48,000	-194,000	120,000	24,000	-33,000	-125,000	124,000	3,000	54,000	-131,000
Retiree benefits
-13,000	24,000	10,000	21,000	25,000	14,000	-412,000	-36,000	-20,000	35,000	-171,000	-13,000	-14,000	31,000	31,000	-85,000	-21,000	33,000	32,000	-63,000	30,000	44,000	25,000	-60,000	-13,000	48,000	50,000	-212,000	28,000	50,000	-1,000	-17,000	-75,000	43,000	30,000	28,000	31,000
Other non-cash transactions, net
-3,000	-2,000	0	-2,000	-2,000	8,000	0	-2,000	-1,000	-	-	-	-	-	-	3,000	-2,000	-2,000	-4,000	0	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,000	9,000
Net cash provided by (used in) operating activities
68,000	566,000	363,000	-44,000	11,000	648,000	-93,000	239,000	120,000	434,000	96,000	186,000	98,000	345,000	254,000	169,000	54,000	433,000	252,000	166,000	10,000	441,000	256,000	272,000	-214,000	292,000	281,000	25,000	-362,000	373,000	137,000	151,000	-329,000	474,000	232,000	186,000	-364,000
Investing Activities
Capital expenditures
Capital expenditure additions
71,000	181,000	115,000	124,000	110,000	170,000	116,000	102,000	75,000	154,000	91,000	79,000	58,000	140,000	60,000	48,000	37,000	102,000	37,000	29,000	20,000	74,000	40,000	27,000	24,000	54,000	30,000	25,000	30,000	70,000	35,000	30,000	27,000	78,000	36,000	20,000	63,000
Grant proceeds for capital expenditures
5,000	23,000	2,000	33,000	36,000	28,000	14,000	17,000	2,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions of businesses, net of cash received
378,000	0	-1,000	1,000	195,000	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	6,000	0	-1,000	227,000	46,000	-	0	0	0	-	-	-	-	-	-	-	-
Proceeds from disposition of assets
-	-	-	-	-	10,000	0	0	3,000	-	-	-	-	-	-	-	-	0	0	0	32,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
-444,000	-157,000	-109,000	-92,000	-269,000	-209,000	-102,000	-95,000	-70,000	-133,000	-83,000	-75,000	-58,000	-512,000	-60,000	-44,000	-37,000	-102,000	-37,000	-8,000	6,000	-74,000	-39,000	-254,000	-70,000	-54,000	28,000	-25,000	-30,000	-70,000	-35,000	-30,000	-27,000	-78,000	-36,000	-20,000	-63,000
Financing Activities
Proceeds from issuance of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,775,000
Repayment of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	29,000	9,000	0	13,000	7,000	7,000	7,000	8,000	8,000	7,000	7,000	0
Proceeds from revolving credit facility borrowings
385,000	71,000	1,762,000	2,107,000	1,179,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of revolving credit facility borrowings
5,000	335,000	1,912,000	1,905,000	967,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net borrowings on commercial paper
88,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	4,000	50,000
Dividends paid
42,000	42,000	35,000	36,000	36,000	37,000	31,000	32,000	32,000	33,000	27,000	27,000	28,000	28,000	22,000	24,000	24,000	23,000	19,000	20,000	19,000	19,000	10,000	10,000	10,000	10,000	5,000	5,000	5,000	5,000	0	0	0	-	-	-	-
Repurchases of common stock
84,000	60,000	66,000	52,000	84,000	230,000	104,000	242,000	166,000	39,000	40,000	139,000	68,000	42,000	66,000	42,000	44,000	40,000	102,000	61,000	29,000	26,000	8,000	94,000	10,000	66,000	28,000	25,000	0	-	-	-	-	-	-	-	-
Employee taxes on certain share-based payment arrangements
13,000	0	0	0	23,000	0	0	0	25,000	0	0	0	56,000	0	1,000	0	50,000	0	0	0	54,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from stock option exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,000	1,000	1,000	3,000	1,000	2,000	-	-	-	-	-	-	-	-
Excess tax benefit related to stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	13,000	2,000	19,000	2,000	0	3,000	-	-	-	-	-	-	-	-
Repayment of notes payable to former parent and accrued interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	954,000
Dividend to former parent in connection with spin-off
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,429,000
Net transfers from (to) former parent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10,000	-34,000	0	1,310,000
Net cash provided by (used in) financing activities
329,000	-366,000	-251,000	114,000	69,000	-267,000	-135,000	-274,000	-223,000	-99,000	-67,000	-166,000	-152,000	-70,000	-89,000	-66,000	-118,000	-108,000	-504,000	-102,000	-102,000	-146,000	-40,000	-168,000	-17,000	-90,000	-37,000	-29,000	-13,000	-12,000	-5,000	-3,000	-8,000	-17,000	-41,000	-10,000	652,000
Change in cash and cash equivalents
-47,000	43,000	3,000	-22,000	-189,000	172,000	-330,000	-130,000	-173,000	202,000	-54,000	-55,000	-112,000	-237,000	105,000	59,000	-101,000	223,000	-289,000	56,000	-86,000	221,000	177,000	-150,000	-301,000	148,000	272,000	-29,000	-405,000	291,000	97,000	118,000	-364,000	379,000	155,000	156,000	225,000
Supplemental Cash Flow Disclosure
Cash paid for income taxes
2,000	-	-	-	-	65,000	56,000	20,000	1,000	50,000	73,000	96,000	4,000	31,000	75,000	84,000	39,000	32,000	79,000	105,000	26,000	29,000	38,000	64,000	30,000	100,000	13,000	28,000	13,000	0	20,000	4,000	4,000	12,000	23,000	11,000	0
Cash paid for interest
1,000	-	-	-	-	30,000	1,000	30,000	1,000	35,000	1,000	35,000	1,000	35,000	0	35,000	1,000	28,000	23,000	22,000	23,000	17,000	44,000	7,000	45,000	8,000	46,000	9,000	46,000	9,000	47,000	8,000	47,000	9,000	47,000	8,000	0
Non-Cash Investing and Financing Activities
Capital expenditures accrued in accounts payable
10,000	10,000	3,000	-25,000	34,000	48,000	0	3,000	4,000	30,000	0	-2,000	5,000	13,000	9,000	-2,000	4,000	14,000	0	0	3,000	5,000	1,000	1,000	2,000	10,000	-1,000	1,000	2,000	18,000	0	-1,000	3,000	-	-	-	-
Accrued repurchases of common stock
-	-	-	-	-	46,000	-5,000	4,000	3,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-