KANSAS CITY SOUTHERN KSU Cash Flow

Kansas city southern (KSU)

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
Operating activities:
Net income
152,300	127,900	180,600	129,100	103,200	161,800	174,000	148,700	144,900	552,400	129,900	134,700	146,900	130,300	121,000	120,500	108,100	140,000	131,900	112,200	101,200	141,700	138,400	130,200	94,000	114,400	119,000	15,700	104,200	92,500	90,700	120,900	75,300	96,000	100,100	71,700	64,100	55,600	52,800	37,400	34,200	35,200	28,600	7,100	-2,800
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
89,400	88,000	86,500	87,700	88,500	89,600	87,500	86,300	83,300	79,300	81,900	80,400	79,300	78,100	76,900	75,700	74,300	73,900	71,400	70,800	68,500	67,300	65,000	63,900	61,900	58,300	57,200	54,700	53,100	51,900	49,800	48,700	48,400	47,100	47,900	45,500	45,700	46,100	46,100	46,900	45,800	42,700	44,600	47,400	46,900
Deferred income taxes
19,800	26,300	14,600	5,300	6,900	12,900	47,300	7,600	23,900	-447,900	47,400	54,900	44,300	-12,600	39,700	41,000	36,700	47,900	33,700	28,100	26,100	43,500	38,200	32,800	25,600	24,300	33,500	31,300	22,100	55,000	60,800	46,600	34,900	500	43,000	42,200	35,000	29,200	34,100	19,200	23,700	15,200	14,600	1,800	-700
Equity in net earnings of affiliates
1,000	-2,600	2,100	-200	1,700	800	-200	1,000	1,000	1,800	2,800	2,900	4,000	4,200	3,500	3,000	3,900	3,900	5,000	5,000	4,400	4,500	5,000	5,900	5,700	5,000	4,800	3,500	5,500	4,200	4,400	4,900	5,800	4,600	4,700	5,300	3,600	3,500	5,200	4,600	6,400	2,800	1,900	2,000	1,000
Share-based compensation
10,300	6,700	4,400	6,000	6,000	4,400	4,400	5,800	5,800	3,600	4,100	5,700	4,800	4,000	4,100	5,000	6,100	-400	3,700	3,700	4,400	3,800	1,800	2,900	1,500	2,300	3,000	3,700	4,600	2,400	2,600	2,500	3,200	2,100	1,100	1,300	4,000	2,700	1,600	1,300	3,200	3,500	1,500	2,800	2,100
Excess tax benefit from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	900	800	3,600	-3,700	500	100	2,400	500	400	400	2,900	9,300	8,100	900	13,200	200	0	0	0	-14,500	200	3,800	11,700	-	-	-	-
Deferred compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	7,300	3,600	6,800	4,100	5,000	-4,300	2,700	1,700	1,500	5,000	-100	-100	-1,600
Distributions from affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,700	0	7,800	8,000	6,000	0	6,500	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of foreign currency derivative instruments
3,700	-1,100	-6,000	-4,100	-700	-100	-1,800	100	-12,100	-3,600	-9,300	-25,800	49,500	0	0	-700	59,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on foreign currency derivative instruments
-33,700	3,800	-600	7,300	3,600	-4,000	6,200	-12,400	16,500	-7,300	3,300	8,300	33,900	-17,700	-16,100	-18,000	-1,700	-4,100	-20,600	-9,300	-13,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign exchange (gain) loss
-25,800	-	-	-	1,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mexican fuel excise tax credit
-	-	-	-	-	-	-	-	9,200	-	11,100	12,800	11,700	13,200	15,600	34,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring charges
6,000	38,300	12,000	51,000	67,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash payments for restructuring charges
500	3,400	1,500	900	500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash payments related to hurricane damage
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,400	800	100	1,000	-	-	-	-	-	-	-	-
Insurance proceeds related to hurricane damage
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,600	14,900	11,200	10,500	-	-	-	-	-	-	-	-
Gain on sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	200	-	-	-	-	7,500	-100	-2,600	-1,000
Debt retirement costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-6,600	-	-2,400	-111,400	0	-2,100	0	-5,100	-12,900	-24,500	-3,900	-10,300	0	-19,000	-1,900	-32,500	-14,900	0	0	0	-5,900
Changes in working capital items:
Accounts receivable
2,900	2,500	-23,300	18,200	-33,800	29,200	22,000	-20,000	37,200	-100	4,600	26,100	16,100	-3,200	16,500	2,900	2,100	-24,500	800	-10,900	22,600	-25,700	-3,900	16,600	-4,200	-14,400	14,800	-4,700	18,700	-17,400	18,400	-600	21,100	-25,400	-8,900	15,200	20,600	-13,900	-2,400	7,000	29,500	-26,900	4,700	-4,600	3,500
Materials and supplies
-5,900	-5,200	9,200	-13,200	8,700	5,800	500	-9,300	7,500	-300	-4,400	700	2,600	8,200	4,300	-2,100	3,800	10,900	-7,900	7,500	15,700	-9,800	-3,700	-6,300	10,600	-14,100	-5,000	-1,100	13,100	-700	3,400	-4,900	11,500	-4,600	-2,000	8,000	5,800	-5,500	-400	-1,300	900	21,300	7,500	-17,700	1,200
Other current assets
6,700	23,800	16,700	20,500	-4,200	16,700	3,100	-800	22,100	44,200	3,700	15,400	5,300	-14,100	11,600	400	-7,800	25,900	-200	4,100	-19,700	19,500	-6,300	-12,000	8,800	-15,100	-10,100	32,200	-5,200	18,100	3,300	-1,500	-4,800	26,700	11,300	-4,800	-6,400	12,500	-1,800	-5,000	-900	5,600	-25,800	8,900	2,700
Accounts payable and accrued liabilities
-38,000	-1,700	19,000	8,800	-15,600	4,300	18,500	-21,800	-19,200	51,400	75,000	43,800	-9,800	15,500	60,000	24,700	1,600	-32,100	22,700	7,200	-24,900	-59,000	43,500	16,500	-27,100	-16,200	43,400	-1,500	-25,400	-52,600	50,800	-1,400	200	-22,400	20,300	7,200	-12,600	-32,500	31,000	-6,300	29,800	-42,800	39,200	-37,500	21,200
Other, net
-7,200	6,400	-700	6,000	-7,000	2,900	2,200	9,500	-16,700	6,200	-9,700	3,200	-12,800	2,700	-800	5,700	-7,400	4,700	-5,700	-2,400	-600	-23,300	9,800	-3,200	3,900	6,800	7,500	-9,300	-2,000	-14,200	11,200	12,500	-4,100	-11,800	13,000	24,500	9,800	-16,700	71,400	-24,900	6,000	-10,500	8,100	2,600	2,900
Net Cash Provided by (Used in) Operating Activities, Continuing Operations
283,200	245,500	316,800	268,500	272,700	239,900	280,000	285,200	140,600	294,700	316,800	287,300	129,600	235,400	265,500	258,100	160,000	238,000	273,700	235,000	162,500	224,200	285,500	253,000	143,300	225,800	246,100	200,800	125,600	157,200	205,900	170,600	139,500	172,900	196,200	151,800	117,100	136,400	139,600	108,800	111,500	84,200	120,900	6,100	79,300
Investing activities:
Capital expenditures
98,800	119,000	117,800	170,500	179,900	123,500	129,500	157,300	110,000	138,500	161,500	125,300	160,100	158,500	146,600	136,400	122,100	165,200	162,600	182,200	178,000	264,700	135,500	170,000	98,000	213,000	115,900	153,200	112,700	220,800	101,100	95,800	99,400	198,200	112,200	76,600	95,200	87,000	79,400	68,600	52,300	50,000	70,700	110,700	115,400
Purchase or replacement of assets under operating leases
78,200	400	37,700	900	0	0	0	87,700	11,200	0	20,700	21,900	0	0	21,200	800	4,600	1,200	81,700	7,600	53,700	-100	7,900	166,300	128,000	56,700	0	155,100	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of an intermodal facility, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	25,000	-	-	-	-
Property investments in MSLLC
4,300	1,900	3,300	17,600	4,700	2,100	3,600	16,500	3,900	2,300	4,000	15,500	4,200	1,900	14,600	10,000	6,600	10,200	3,300	2,000	1,900	1,100	800	5,200	19,600	6,600	2,400	9,700	12,900	3,800	4,800	19,900	6,700	4,300	4,800	17,500	6,700	7,000	7,700	5,700	4,800	40,200	-5,900	5,500	-17,800
Investments in and advances to affiliates
4,300	9,700	11,700	6,900	8,400	8,900	4,000	6,100	200	100	13,700	6,400	200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance proceeds related to hurricane damage
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	4,100	3,800	4,500	-	-	-	-	-	-	-	-
Proceeds from disposal of property
3,300	3,700	6,100	10,100	2,200	1,500	1,500	4,300	1,400	2,200	1,100	800	4,700	1,400	1,600	800	1,200	-	-	-	900	-	2,600	2,200	1,400	2,000	1,900	1,400	2,900	2,500	5,800	3,700	2,700	3,200	1,900	3,400	1,500	2,100	2,700	2,200	1,300	300	5,700	4,200	3,700
Other, net
6,300	8,700	1,800	-1,400	-1,100	1,500	5,200	-3,300	300	400	5,800	6,700	2,600	3,200	1,000	400	4,400	6,300	2,900	17,000	1,100	-11,800	1,600	400	-4,300	-4,800	3,200	4,800	100	1,600	-6,500	-1,400	-2,300	16,100	7,100	-5,600	-3,100	-4,300	-4,100	-8,500	1,000	-19,900	9,500	-2,000	1,500
Net cash used
-188,600	-136,000	-166,200	-184,400	-189,700	-126,900	-140,800	-260,000	-124,200	-139,100	-204,600	-175,000	-162,400	-162,200	-182,700	-146,800	-136,500	-179,000	-250,500	-209,700	-233,800	-260,100	-143,200	-339,700	-239,900	-269,500	-119,600	-321,400	-122,800	-223,700	-96,900	-130,200	-101,100	-218,200	-118,100	-81,300	-92,800	-85,800	-80,300	-63,600	-81,800	-33,600	-80,400	-99,000	-131,000
Financing activities:
Net short-term borrowings
-	-	-	-	-	0	0	-344,000	-4,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from short-term borrowings
-	-	-	-	-	-	-	-	-	-	3,870,700	3,153,700	2,747,800	-	300	2,303,900	4,194,800	1,260,700	1,195,900	4,567,500	3,842,100	3,866,100	6,421,200	4,216,900	864,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of short-term borrowings
-	-	-	-	-	-	-	-	-	-	3,819,000	3,117,000	2,664,900	-	300	2,358,000	4,221,000	1,180,700	1,488,000	4,489,000	4,079,600	3,728,400	6,430,700	4,071,300	689,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from commercial paper
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of commercial paper
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	85,000	498,700	10,000	30,000	0	0	0	175,000	449,700	65,000	1,403,700	0	-100	100	100,000	229,600	50,000	300,000	200,000	0	180,000	5,000	0	295,700	12,300	0	-24,200	214,000
Repayment of long-term debt
2,400	277,200	2,300	2,800	2,700	2,800	2,700	67,300	8,700	5,200	7,500	6,000	6,700	255,600	7,800	5,300	7,700	90,200	7,300	45,000	7,300	5,200	7,400	5,000	490,400	41,400	98,600	1,188,700	14,500	12,100	14,400	112,400	237,000	131,400	312,300	203,800	5,800	177,700	73,000	283,300	305,700	54,600	14,400	11,400	238,700
Dividends paid
38,600	35,700	36,000	36,200	36,400	36,600	36,800	37,000	37,100	37,400	34,800	35,100	35,200	35,600	35,600	35,800	35,800	36,100	36,500	36,500	31,000	30,900	30,900	31,000	23,800	23,600	23,800	23,800	0	43,000	21,500	21,500	100	-	-	-	-	-	-	-	-	-	-	-	-
Shares repurchased
111,700	550,000	99,800	92,400	50,300	80,200	54,800	54,500	54,000	55,200	200,000	64,700	55,700	85,600	40,600	8,200	51,000	57,900	115,700	20,600	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs paid
0	-	-	-	1,600	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt costs
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2,400	200	14,500	5,800	0	0	500	300	500	3,600	8,500	3,600	105,200	500	2,800	0	4,300	15,000	18,400	5,300	12,900	0	20,300	4,400	19,800	20,600	0	0	0	9,300
Excess tax benefit from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	900	800	3,600	-3,700	500	100	2,400	500	400	400	2,900	9,300	8,100	900	13,200	200	0	0	0	-14,500	200	3,800	11,700	-	-	-	-
Proceeds from employee stock plans
4,400	2,200	1,500	3,100	200	0	1,100	300	400	200	500	0	0	-	-	-	-	0	300	0	3,900	700	900	200	200	600	0	500	400	800	200	600	300	300	600	800	400	1,300	100	200	500	1,500	700	500	300
Net cash used for financing activities
-148,300	-22,300	-136,600	-129,200	-90,800	-119,600	-93,200	-11,100	-103,500	-109,900	-190,100	-69,100	-14,700	-195,700	-83,300	143,100	-120,900	-39,000	42,500	-12,800	-238,300	98,100	-46,700	109,400	-165,400	377,300	-60,600	86,900	-11,700	-47,900	-27,500	-36,700	-9,000	-99,400	-17,000	-16,000	-8,200	-34,000	-74,800	-87,000	-21,100	-42,000	6,100	13,500	-36,500
Preferred stock dividends paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,800	-	2,700	2,800	2,700	2,700	2,800	2,700	2,800
Effect of exchange rate changes on cash
-4,100	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and cash equivalents:
Net decrease during each period
-57,800	-	-	-	-7,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) during each year
-	-	-	-	-	-6,600	46,000	14,100	-87,100	45,700	-77,900	43,200	-47,500	-122,500	-500	254,400	-97,400	20,000	65,700	12,500	-309,600	62,200	95,600	22,700	-262,000	333,600	65,900	-33,700	-8,900	-114,400	81,500	3,700	29,400	-144,700	61,100	54,500	16,100	16,600	-15,500	-41,800	8,600	8,600	46,600	-79,400	-88,200
Supplemental cash flow information