Hexcel Corporation HXL Cash Flow

Hexcel corporation (HXL)

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
Net income
276,800	306,600	299,500	299,300	287,200	276,600	298,600	288,200	281,000	284,000	255,400	253,900	258,400	249,800	244,200	229,500	225,100	237,200	236,200	238,500	227,400	209,400	203,600	196,500	194,400	187,900	177,700	168,800	168,300	164,300	166,900	159,300	148,700	135,500	118,900	102,300	88,000	77,400	0	0	0
Reconciliation to net cash provided by operating activities:
Depreciation and amortization
138,500	141,700	139,400	136,200	132,000	123,100	119,000	114,600	109,900	104,500	100,600	97,300	95,500	93,300	88,900	84,700	80,300	76,400	75,100	73,600	72,400	71,200	69,100	66,000	62,100	59,300	57,000	57,000	57,500	57,200	56,700	55,700	55,200	55,300	55,500	55,500	55,300	53,200	0	0	0
Amortization related to financing
900	900	1,500	1,800	1,600	1,600	1,300	1,000	600	700	900	1,000	1,800	1,700	1,700	1,700	1,100	1,100	1,100	1,500	1,600	1,600	1,600	1,200	1,900	2,100	2,400	2,500	3,100	3,100	3,200	3,300	2,200	7,100	6,900	13,800	14,200	10,300	0	0	0
Deferred income taxes
11,500	16,300	11,100	23,400	23,400	29,300	16,200	14,500	19,000	3,800	27,400	40,200	44,600	62,800	64,400	54,800	55,000	53,200	28,500	41,800	31,700	39,700	48,800	19,700	34,500	16,400	27,700	33,200	20,100	30,900	17,300	32,000	26,100	23,400	34,600	18,600	26,000	16,100	0	0	0
Equity in earnings from affiliated companies
2,200	3,700	4,200	6,600	6,300	5,600	4,800	4,000	3,800	3,300	3,400	2,900	2,900	2,500	2,200	2,300	2,100	2,000	2,000	1,800	1,600	1,400	1,600	1,300	1,200	1,300	800	500	500	700	1,200	1,600	1,500	1,600	1,200	800	900	500	0	0	0
Stock-based compensation
21,600	18,300	18,100	17,700	17,400	16,200	16,100	16,300	16,600	17,600	18,000	16,600	16,500	16,100	16,300	16,300	16,400	17,900	18,400	20,100	20,400	17,200	18,200	18,400	19,000	18,900	17,400	17,300	17,000	15,800	15,700	15,600	15,000	13,900	13,200	12,900	13,100	12,400	0	0	0
Merger and restructuring charges
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Merger and restructuring cash payments
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits on stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,200	9,500	9,200	10,800	5,800	5,800	6,500	5,100	5,300	6,000	5,400	5,800	6,800	10,600	10,300	11,200	8,500	5,200	5,200	3,900	2,300	0	0	0
Pension curtailment gain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,700	0	0	0	-	-	-	-
Changes in assets and liabilities:
Increase in accounts receivable
-53,900	-36,500	22,500	25,300	38,900	20,700	27,200	25,600	1,500	-20,200	-19,100	-38,400	-31,900	17,400	-3,700	6,300	16,900	18,400	23,900	31,000	37,400	15,400	23,900	28,900	1,700	-6,400	-16,800	-11,700	20,000	28,100	41,400	57,200	46,400	28,200	-19,400	-49,400	-8,100	-22,500	0	0	0
Increase in inventories
24,500	30,400	49,900	32,900	42,900	25,200	23,100	14,700	1,400	-2,300	-9,100	-21,800	-20,600	-10,800	-16,200	-900	7,800	25,000	40,400	63,700	58,400	38,800	47,800	31,700	30,500	28,400	19,700	6,800	17,900	15,200	27,700	46,000	38,000	48,800	-17,400	-14,100	-6,000	-16,700	0	0	0
Increase in prepaid expenses and other current assets
7,600	5,800	16,100	11,500	17,000	8,600	6,500	10,100	-10,900	100	-4,600	1,400	10,500	4,100	4,200	3,300	5,800	2,900	-9,700	2,200	-11,400	-4,100	12,900	-6,800	12,400	3,300	2,800	9,800	-800	-700	-2,400	-3,500	-2,500	1,100	1,500	3,300	-400	-200	0	0	0
(Decrease) increase in accounts payable/accrued liabilities
-25,400	12,500	38,200	16,000	35,400	23,300	7,900	17,600	5,800	-2,100	-8,600	-12,200	-9,600	-7,900	6,500	14,600	-4,300	-10,400	-37,500	-34,000	-18,000	-800	17,000	32,000	10,300	19,200	6,300	-3,000	23,400	20,300	42,600	26,100	27,100	34,100	-4,300	3,600	27,700	4,500	0	0	0
Other – net
-200	-700	2,500	4,400	-5,100	-3,700	-1,100	-5,700	0	-1,100	-5,600	-1,800	-4,600	-4,400	4,700	-3,000	7,100	9,600	3,300	13,800	6,800	1,100	-1,600	-1,900	-900	-100	-1,800	-1,800	-2,300	4,200	9,000	8,500	3,900	4,900	-9,900	-6,100	-1,400	-5,200	0	0	0
Net cash provided by operating activities
453,800	491,100	420,300	421,400	404,700	421,400	398,600	403,500	437,100	428,700	423,100	448,900	445,300	401,400	423,500	385,700	325,900	301,000	290,500	257,900	270,000	318,000	268,800	275,000	273,100	272,900	277,800	266,800	243,400	232,400	210,000	167,000	175,800	170,500	168,700	172,100	140,500	126,500	0	0	0
Cash flows from investing activities
Capital expenditures
170,200	204,100	196,600	181,500	185,700	184,100	207,000	210,800	252,100	278,100	317,400	341,100	328,000	327,900	287,800	295,000	295,700	305,300	315,000	307,200	300,100	260,100	256,200	222,100	201,800	194,900	187,900	211,300	228,900	263,700	267,400	234,600	205,000	158,000	117,100	96,500	72,100	48,800	0	0	0
Acquisition of business
-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions and Investments in affiliated companies
-	-	-	-	-	-	-	-	-	76,000	17,000	15,000	40,000	38,600	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used for investing activities
-175,000	-367,300	-362,500	-348,100	-347,500	-187,500	-271,700	-276,800	-318,100	-354,100	-334,400	-356,100	-368,000	-366,500	-321,400	-328,600	-304,300	-305,300	-325,300	-317,500	-310,400	-270,400	-256,200	-222,100	-201,800	-194,900	-187,900	-211,300	-223,600	-258,400	-262,100	-234,500	-210,200	-163,200	-122,300	-96,500	-72,100	-48,800	0	0	0
Cash flows from financing activities
Repayments of Euro term loan
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowing from senior unsecured credit facility
-	-	-	-	-	-	-	-	417,000	-	842,000	691,900	627,000	563,000	0	0	0	-	-	470,800	486,000	481,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Repayment of senior unsecured credit facility
-	-	-	-	-	-	-	-	424,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of finance lease obligation and other debt, net
0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of senior notes
-	-	-	-	-	-	-	-	-	398,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Proceeds from settlements of treasury locks
-	-	-	-	-	-	-	-	-	10,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Euro term loan
-	-	-	-	-	-	-	-	-	37,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in capital lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds (repayment) from senior secured credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Borrowings (repayments) from credit line
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0
Proceeds (repayment) of other debt, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,200	-2,700	-2,600	-2,600	-1,700	-2,100	-2,400	-2,700	-3,800	-4,200	-6,200	-2,300	-500	2,400	4,600	-2,400	-3,000	0	100	3,400	3,400	0	0	0
Dividends paid
55,700	54,200	52,800	51,500	49,900	48,400	46,800	44,900	43,700	42,600	41,400	40,300	40,600	39,800	39,100	38,700	38,000	38,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of 6.75% senior subordinated notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	151,500	0	0	0	-	-	-	-
Call premium payment for 6.75% senior subordinated notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,400	0	0	0	-	-	-	-
Repayment of senior secured credit facility - term loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of stock
156,400	143,000	141,800	187,900	338,800	357,700	311,100	210,500	116,700	150,300	148,200	177,000	139,900	111,100	0	0	0	-	-	-	-	160,000	200,000	154,500	123,300	90,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of senior secured credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Repayment of senior secured credit agreement term loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,500	0	0	0	-	-	-	-	2,500	0	0	0
Activity under stock plans
0	-	-	0	0	-	-	5,900	10,300	12,200	8,100	10,600	5,000	300	-900	-2,400	-2,100	13,300	14,200	14,700	18,800	3,200	3,600	2,700	2,100	7,000	6,700	5,400	3,000	4,100	4,400	5,600	8,200	10,500	11,000	9,900	7,000	3,100	0	0	0
Net cash (used in) provided by financing activities
8,500	-91,400	-55,700	-55,800	-56,900	-257,300	-196,100	-134,400	-161,600	-58,300	-18,500	-86,000	-13,900	-46,800	-102,700	-52,400	-20,700	-10,900	48,900	58,800	21,500	-36,900	-31,800	-68,400	-42,800	-47,200	-75,400	-33,000	-49,000	8,200	50,200	52,800	37,600	-74,400	-76,700	-114,300	-88,000	-65,200	0	0	0
Effect of exchange rate changes on cash and cash equivalents
-1,700	-700	-2,300	-1,200	-6,400	-4,000	-2,700	1,300	10,300	8,600	3,200	-200	-5,500	-4,700	3,100	-1,100	600	-3,900	-8,600	-7,700	-8,400	-5,300	-2,800	2,600	3,200	2,100	2,000	1,600	-1,200	900	-3,300	-8,600	-5,100	-600	200	10,600	4,500	-5,400	0	0	0
Net increase in cash and cash equivalents
285,600	31,700	-200	16,300	-6,100	-27,400	-71,900	-6,400	-32,300	24,900	73,400	6,600	57,900	-16,600	2,500	3,600	1,500	-19,100	5,500	-8,500	-27,300	5,400	-22,000	-12,900	31,700	32,900	16,500	24,100	-30,400	-16,900	-5,200	-23,300	-1,900	-67,700	-30,100	-28,100	-15,100	7,100	0	0	0
Supplemental data:
Accrual basis additions to plant, property and equipment
155,400	191,000	206,500	196,700	191,300	179,100	199,900	204,300	236,800	284,400	305,600	348,100	339,800	320,200	293,800	289,700	295,800	289,000	318,800	306,900	296,700	270,200	263,800	229,200	205,100	206,500	188,500	208,900	238,000	241,300	254,900	243,900	204,000	184,500	140,900	102,100	79,000	60,700	0	0	0
Senior unsecured credit facility - due 2024
Borrowing from senior unsecured credit facility
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of senior unsecured credit facility
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Senior unsecured credit facility - due 2021
Borrowing from senior unsecured credit facility
-	345,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of senior unsecured credit facility
-	547,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-