KBR, Inc. KBR Cash Flow

Kbr, inc. (KBR)

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	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
Cash flows from operating activities:
Net (loss) income
-84,000	59,000	58,000	50,000	42,000	53,000	56,000	62,000	139,000	276,000	47,000	79,000	38,000	-86,000	-57,000	47,000	45,000	48,000	59,000	68,000	51,000	-1,231,000	45,000	8,000	-20,000	-52,000	15,000	111,000	97,000	52,000	-60,000	112,000	98,000	105,000	191,000	127,000	117,000	97,000	117,000	122,000	59,000	89,000	97,000	83,000	95,000
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization
27,000	28,000	28,000	23,000	25,000	16,000	17,000	17,000	13,000	10,000	11,000	14,000	13,000	14,000	12,000	10,000	9,000	10,000	10,000	8,000	11,000	17,000	19,000	18,000	18,000	19,000	18,000	16,000	15,000	17,000	15,000	17,000	16,000	17,000	19,000	18,000	17,000	17,000	16,000	14,000	15,000	14,000	13,000	14,000	14,000
Income (Loss) from Equity Method Investments
1,000	11,000	9,000	15,000	0	29,000	17,000	10,000	23,000	6,000	23,000	32,000	9,000	10,000	19,000	33,000	29,000	26,000	35,000	53,000	35,000	45,000	38,000	49,000	31,000	30,000	31,000	46,000	30,000	38,000	43,000	33,000	37,000	50,000	23,000	41,000	44,000	38,000	23,000	61,000	15,000	91,000	1,000	-26,000	-21,000
Deferred income tax expense
-10,000	-14,000	0	-3,000	3,000	-3,000	-5,000	9,000	25,000	-247,000	10,000	-90,000	5,000	11,000	0	5,000	2,000	0	17,000	-3,000	0	355,000	-13,000	5,000	6,000	-43,000	-42,000	22,000	81,000	-43,000	4,000	32,000	25,000	-37,000	-123,000	-22,000	9,000	23,000	11,000	-3,000	-17,000	79,000	19,000	-18,000	-15,000
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property
19,000	6,000	1,000	6,000	4,000	-2,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-1,000	-	-	-	4,000	-	-	-	-	-	-	-	-	-	-	-	-
Gain on consolidation of Aspire subcontracting entities
-	-	-	-	-	-5,000	-2,000	0	115,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Goodwill impairment
62,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset impairments
64,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-1,000	-14,000	-8,000	-16,000	4,000	-11,000	-7,000	5,000	-11,000	-9,000	-9,000	-5,000	-6,000	1,000	-4,000	8,000	-8,000	8,000	-19,000	-9,000	-1,000	22,000	-4,000	-17,000	-12,000	-3,000	-9,000	-1,000	-8,000	-13,000	-8,000	-8,000	-6,000	-9,000	-3,000	-4,000	-1,000	1,000	-11,000	-12,000	-8,000	-24,000	8,000	7,000	-5,000
Changes in operating assets and liabilities:
Increase (Decrease) in Operating Capital [Abstract]
Accounts receivable, net of allowance for doubtful accounts
169,000	-107,000	5,000	70,000	48,000	59,000	74,000	-64,000	134,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contract assets
-15,000	-21,000	35,000	16,000	1,000	-29,000	-34,000	-6,000	44,000	-51,000	-30,000	37,000	4,000	17,000	-53,000	33,000	-5,000	-56,000	-30,000	-94,000	-44,000	-2,000	21,000	18,000	70,000	-	-	-33,000	88,000	-53,000	6,000	138,000	148,000	-133,000	157,000	-19,000	27,000	-54,000	-73,000	60,000	-155,000	-250,000	24,000	61,000	9,000
Claims receivable
-	-	-	-	-	-	-	-	-	-330,000	-30,000	-32,000	-38,000	9,000	16,000	29,000	-54,000	-19,000	-30,000	52,000	-3,000	-104,000	27,000	28,000	-121,000	-	-	-35,000	95,000	-85,000	138,000	88,000	-132,000	-141,000	-149,000	107,000	-82,000	30,000	-32,000	-255,000	438,000	84,000	-126,000	158,000	-223,000
Accounts payable
125,000	-60,000	16,000	28,000	39,000	40,000	36,000	-27,000	63,000	-49,000	-18,000	-51,000	-75,000	-45,000	7,000	41,000	-9,000	-35,000	-104,000	-33,000	-102,000	33,000	-12,000	-11,000	-20,000	113,000	-33,000	-48,000	17,000	-131,000	65,000	56,000	-4,000	-83,000	0	2,000	-29,000	-52,000	-60,000	-37,000	-28,000	-122,000	-108,000	-71,000	-54,000
Contract liabilities
-59,000	-63,000	56,000	22,000	4,000	3,000	-5,000	-26,000	-32,000	-405,000	40,000	43,000	124,000	19,000	16,000	44,000	-46,000	8,000	33,000	-35,000	-8,000	91,000	45,000	23,000	-15,000	-	-	4,000	-5,000	51,000	-34,000	71,000	-181,000	50,000	13,000	-82,000	80,000	-21,000	-124,000	92,000	169,000	-30,000	11,000	-96,000	17,000
Accrued salaries, wages and benefits
31,000	-40,000	12,000	10,000	9,000	-7,000	14,000	2,000	2,000	-25,000	37,000	-14,000	16,000	-31,000	-8,000	9,000	-20,000	-3,000	-9,000	4,000	0	-13,000	-15,000	8,000	-9,000	0	4,000	10,000	-28,000	41,000	4,000	-24,000	-29,000	41,000	-47,000	-1,000	38,000	-50,000	9,000	-24,000	74,000	-105,000	-28,000	-31,000	35,000
Payments on operating lease obligation
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reserve for loss on uncompleted contracts
-	-	-	-	-	-	-	-	3,000	-	8,000	13,000	22,000	20,000	8,000	-7,000	-16,000	194,000	-18,000	-45,000	-37,000	44,000	-4,000	-1,000	18,000	-	-	-6,000	-10,000	37,000	4,000	-3,000	-4,000	-	-	-	-	-2,000	-2,000	-5,000	-4,000	-14,000	-7,000	-3,000	-13,000
Payments from (advances to) unconsolidated affiliates, net
-	-	-	-	-	5,000	1,000	5,000	1,000	5,000	1,000	4,000	1,000	2,000	5,000	0	-8,000	0	6,000	-2,000	6,000	-1,000	7,000	0	7,000	2,000	6,000	6,000	0	-4,000	1,000	0	-3,000	-1,000	-7,000	-1,000	23,000	-11,000	-1,000	-3,000	-1,000	-17,000	-4,000	1,000	2,000
Distributions of earnings from unconsolidated affiliates
-	-	-	-	-	59,000	7,000	8,000	1,000	21,000	11,000	16,000	14,000	13,000	15,000	8,000	20,000	8,000	12,000	35,000	37,000	37,000	153,000	40,000	19,000	29,000	50,000	60,000	41,000	48,000	13,000	35,000	12,000	75,000	46,000	52,000	9,000	48,000	16,000	20,000	9,000	19,000	18,000	3,000	14,000
Income taxes payable
-	-	-	-	-	-	-	-	12,000	-	-2,000	-11,000	6,000	-33,000	-9,000	-11,000	1,000	33,000	8,000	-4,000	-11,000	-8,000	2,000	33,000	-13,000	117,000	-13,000	-82,000	-73,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pension funding
-	-	-	-	-	-11,000	-11,000	-9,000	-10,000	-9,000	-10,000	-9,000	-9,000	-10,000	-10,000	-11,000	-10,000	-11,000	-16,000	-10,000	-11,000	-11,000	-13,000	-12,000	-12,000	-28,000	-14,000	-5,000	-7,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Retainage payable
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Subcontractor advances
-	-	-	-	-	-	-	-	-1,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net settlement of derivative contracts
-	-	-	-	-	-	-	-	-3,000	-	-3,000	-3,000	2,000	1,000	5,000	-1,000	4,000	4,000	1,000	3,000	36,000	42,000	4,000	-5,000	-1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,000	80,000	12,000	-15,000	31,000	31,000	25,000
Changes in operating assets and liabilities
-58,000	9,000	21,000	37,000	17,000	-12,000	-10,000	-9,000	38,000	131,000	0	2,000	15,000	-91,000	-24,000	24,000	23,000	0	-19,000	-19,000	21,000	-83,000	-54,000	-7,000	29,000	36,000	-65,000	7,000	16,000	-35,000	-31,000	-7,000	-10,000	8,000	-28,000	-34,000	51,000	-66,000	-29,000	-35,000	3,000	222,000	26,000	51,000	-52,000
Total cash flows provided by operating activities
41,000	57,000	118,000	33,000	48,000	129,000	72,000	94,000	-130,000	-45,000	28,000	325,000	-115,000	53,000	20,000	9,000	-21,000	132,000	54,000	-31,000	-108,000	-8,000	158,000	37,000	-17,000	216,000	178,000	-4,000	-93,000	153,000	44,000	52,000	-107,000	338,000	89,000	-2,000	225,000	8,000	109,000	437,000	-5,000	-9,000	-19,000	164,000	-172,000
Cash flows from investing activities:
Purchases of property, plant and equipment
2,000	10,000	4,000	4,000	2,000	2,000	4,000	2,000	9,000	2,000	0	3,000	3,000	3,000	2,000	3,000	3,000	2,000	4,000	3,000	1,000	7,000	12,000	19,000	15,000	21,000	17,000	20,000	20,000	22,000	20,000	17,000	16,000	17,000	19,000	21,000	26,000	27,000	20,000	5,000	14,000	19,000	6,000	9,000	7,000
Payments to Acquire Equity Method Investments
0	0	15,000	61,000	70,000	87,000	95,000	90,000	72,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	0	-1,000	-3,000	0	0	3,000	8,000	-2,000	7,000	3,000	4,000	-	-	0	0
Proceeds from sale of assets or investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	127,000	0	2,000	-2,000	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of businesses, net of cash acquired
9,000	0	0	0	0	-	-	-	-	6,000	0	0	-2,000	0	889,000	0	22,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to cash due to consolidation of Aspire entities
-	-	-	-	-	0	0	-8,000	205,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in licensing arrangement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	20,000	-	-	0	0
Proceeds from sale of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000
Other
0	-	-	-	-3,000	-	-	-	-1,000	0	1,000	1,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cash flows used in investing activities
-11,000	-10,000	-17,000	-62,000	-69,000	-63,000	-96,000	-457,000	125,000	-8,000	-1,000	-2,000	-1,000	-59,000	-895,000	-2,000	-25,000	53,000	29,000	20,000	-1,000	-7,000	-12,000	-10,000	-15,000	-12,000	-16,000	-14,000	-20,000	102,000	-19,000	-16,000	-15,000	-11,000	-19,000	-24,000	-34,000	-314,000	-27,000	-18,000	-38,000	11,000	-7,000	-8,000	-5,000
Cash flows from financing activities:
Excess tax benefits from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,000	-	-	0	0	-	-	0	1,000	-	-	0	0	1,000	-1,000	2,000	2,000	0	0	2,000	1,000	-	-	-	-	-	-	-	-
Borrowings on revolving credit agreement
-	-	-	-	-	0	0	180,000	70,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings on long-term debt
113,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on revolving credit agreement
-	-	-	-	-	115,000	0	605,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on short-term and long-term borrowings
252,000	16,000	7,000	45,000	2,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,000	0	5,000	2,000	5,000	0	9,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs
3,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of remaining ownership interest in joint ventures
-	-	-	-	-	0	0	50,000	6,000	0	0	0	0	-	-	-	-	0	0	0	40,000	0	0	0	0	-	-	-	-	-	-	-	-	14,000	0	0	164,000	-	-	-	-	-	-	-	-
Distributions to noncontrolling interests
-	-	-	-	-	-	-	-	-	3,000	0	0	1,000	0	0	3,000	6,000	7,000	9,000	5,000	7,000	12,000	16,000	14,000	19,000	-	-	35,000	11,000	-	2,000	2,000	5,000	6,000	11,000	9,000	37,000	54,000	7,000	23,000	7,000	24,000	21,000	-8,000	17,000
Payments of dividends to shareholders
11,000	12,000	11,000	12,000	11,000	10,000	11,000	12,000	11,000	11,000	11,000	11,000	12,000	12,000	11,000	12,000	11,000	12,000	12,000	11,000	12,000	12,000	11,000	12,000	12,000	12,000	12,000	12,000	0	15,000	7,000	8,000	7,000	7,000	8,000	7,000	8,000	8,000	8,000	8,000	8,000	8,000	8,000	8,000	8,000
Net proceeds from issuance of common stock
2,000	2,000	1,000	1,000	1,000	0	1,000	1,000	0	-	-	-	-	-	-	-	-	0	0	0	1,000	0	0	0	4,000	1,000	1,000	2,000	2,000	2,000	2,000	1,000	2,000	0	2,000	2,000	3,000	-	-	-	-	-	-	-	-
Payments to reacquire common stock
4,000	0	1,000	0	3,000	0	0	1,000	2,000	1,000	0	50,000	2,000	2,000	0	0	2,000	40,000	5,000	1,000	16,000	4,000	6,000	40,000	56,000	0	1,000	0	6,000	4,000	11,000	18,000	7,000	22,000	59,000	35,000	2,000	16,000	159,000	57,000	1,000	4,000	48,000	-5,000	-16,000
Return of cash collateral on letters of credit, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	0	11,000	5,000	2,000	2,000	7,000	17,000	-33,000	2,000	-13,000	0
Other
0	-3,000	1,000	-1,000	-2,000	-1,000	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-1,000	0	1,000	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total cash flows used in financing activities
-155,000	-36,000	-19,000	-61,000	-17,000	102,000	80,000	421,000	51,000	-18,000	-11,000	-246,000	-15,000	-16,000	638,000	-20,000	-18,000	-64,000	-30,000	-23,000	-75,000	-32,000	-31,000	-63,000	-84,000	-65,000	-14,000	-54,000	-15,000	-48,000	-19,000	-34,000	-15,000	-53,000	-76,000	-46,000	-202,000	-78,000	-175,000	-84,000	1,000	-74,000	-33,000	-18,000	-41,000
Effect of exchange rate changes on cash
-21,000	20,000	-12,000	-7,000	7,000	-10,000	6,000	-25,000	1,000	-1,000	4,000	4,000	5,000	-11,000	2,000	-7,000	5,000	-6,000	-16,000	7,000	-28,000	-31,000	-36,000	9,000	6,000	8,000	11,000	-32,000	-21,000	0	16,000	-15,000	8,000	2,000	-16,000	-4,000	13,000	-5,000	33,000	-8,000	-13,000	-7,000	2,000	18,000	-6,000
Decrease in cash and equivalents
-146,000	31,000	70,000	-97,000	-31,000	158,000	62,000	33,000	47,000	-72,000	20,000	81,000	-126,000	-33,000	-235,000	-20,000	-59,000	115,000	37,000	-27,000	-212,000	-78,000	79,000	-27,000	-110,000	147,000	159,000	-104,000	-149,000	207,000	22,000	-13,000	-129,000	276,000	-22,000	-76,000	2,000	-389,000	-60,000	327,000	-55,000	-79,000	-57,000	156,000	-224,000
Cash increase due to consolidation of a variable interest entity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	22,000	-	-	0	0
Supplemental disclosure of cash flows information:
Cash paid for interest
-	-	-	-	-	18,000	16,000	15,000	3,000	5,000	5,000	5,000	6,000	5,000	3,000	2,000	2,000	2,000	3,000	2,000	3,000	2,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	3,000	4,000	3,000	5,000	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for income taxes (net of refunds)
-	-	-	-	-	1,000	4,000	12,000	4,000	16,000	3,000	122,000	3,000	18,000	0	24,000	7,000	10,000	-7,000	35,000	28,000	24,000	9,000	-25,000	29,000	20,000	23,000	67,000	17,000	6,000	19,000	42,000	14,000	-	-	-	-	-	-	-	-	-	-	-	-
Noncash financing activities
Other assets change for payments made on our behalf by former parent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-219,000	9,000	5,000	5,000	3,000	-	-	-	-	0	47,000	36,000	47,000	48,000	47,000	48,000	274,000
Other liabilities change for payments made on our behalf by former parent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	219,000	-9,000	-5,000	-5,000	-3,000	-	-	-	-	0	-47,000	-36,000	-47,000	-48,000	-47,000	-48,000	-274,000
Dividends declared
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	8,000