KANSAS CITY SOUTHERN KSU Cash Flow

Kansas city southern (KSU)

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	Dec'09	Sep'09	Jun'09	Mar'09
Operating activities:
Net income
589,900	540,800	574,700	568,100	587,700	629,400	1,020,000	975,900	961,900	963,900	541,800	532,900	518,700	479,900	489,600	500,500	492,200	485,300	487,000	493,500	511,500	504,300	477,000	457,600	343,100	353,300	331,400	303,100	408,300	379,400	382,900	392,300	343,100	331,900	291,500	244,200	209,900	180,000	159,600	135,400	105,100	68,100	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
351,600	350,700	352,300	353,300	351,900	346,700	336,400	330,800	324,900	320,900	319,700	314,700	310,000	305,000	300,800	295,300	290,400	284,600	278,000	271,600	264,700	258,100	249,100	241,300	232,100	223,300	216,900	209,500	203,500	198,800	194,000	192,100	188,900	186,200	185,200	183,400	184,800	184,900	181,500	180,000	180,500	181,600	0	0	0
Deferred income taxes
66,000	53,100	39,700	72,400	74,700	91,700	-369,100	-369,000	-321,700	-301,300	134,000	126,300	112,400	104,800	165,300	159,300	146,400	135,800	131,400	135,900	140,600	140,100	120,900	116,200	114,700	111,200	141,900	169,200	184,500	197,300	142,800	125,000	120,600	120,700	149,400	140,500	117,500	106,200	92,200	72,700	55,300	30,900	0	0	0
Equity in net earnings of affiliates
300	1,000	4,400	2,100	3,300	2,600	3,600	6,600	8,500	11,500	13,900	14,600	14,700	14,600	14,300	15,800	17,800	18,300	18,900	18,900	19,800	21,100	21,600	21,400	19,000	18,800	18,000	17,600	19,000	19,300	19,700	20,000	20,400	18,200	17,100	17,600	16,900	19,700	19,000	15,700	13,100	7,700	0	0	0
Share-based compensation
27,400	23,100	20,800	20,800	20,600	20,400	19,600	19,300	19,200	18,200	18,600	18,600	17,900	19,200	14,800	14,400	13,100	11,400	15,600	13,700	12,900	10,000	8,500	9,700	10,500	13,600	13,700	13,300	12,100	10,700	10,400	8,900	7,700	8,500	9,100	9,600	9,600	8,800	9,600	9,500	11,000	9,900	0	0	0
Excess tax benefit from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,600	1,200	500	-700	3,500	3,400	3,700	4,200	13,000	20,700	21,200	31,500	22,400	14,300	13,400	200	-14,500	-14,300	-10,500	1,200	0	0	0	-	-	-	-
Deferred compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,900	17,700	21,800	19,500	11,600	7,500	5,100	1,600	10,900	8,100	6,300	3,200	0	0	0
Distributions from affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,500	21,800	21,800	20,500	12,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Settlement of foreign currency derivative instruments
-7,500	-11,900	-10,900	-6,700	-2,500	-13,900	-17,400	-24,900	-50,800	10,800	14,400	23,700	48,800	58,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on foreign currency derivative instruments
-23,200	14,100	6,300	13,100	-6,600	6,300	3,000	100	20,800	38,200	27,800	8,400	-17,900	-53,500	-39,900	-44,400	-35,700	-47,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign exchange (gain) loss
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mexican fuel excise tax credit
-	-	-	-	-	-	-	-	41,600	-	48,800	53,300	74,500	62,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restructuring charges
107,300	168,800	130,500	118,500	67,500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash payments for restructuring charges
6,300	6,300	2,900	1,400	500	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash payments related to hurricane damage
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,300	0	0	0	-	-	-	-	-	-	-	-
Insurance proceeds related to hurricane damage
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	40,200	0	0	0	-	-	-	-	-	-	-	-
Gain on sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	3,800	0	0	0
Debt retirement costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-115,900	-113,500	-7,200	-20,100	-42,500	-46,400	-51,600	-38,700	-33,200	-31,200	-53,400	-68,300	-49,300	-47,400	-14,900	-5,900	0	0	0
Changes in working capital items:
Accounts receivable
300	-36,400	-9,700	35,600	-2,600	68,400	39,100	21,700	67,800	46,700	43,600	55,500	32,300	18,300	-3,000	-18,700	-32,500	-12,000	-13,200	-17,900	9,600	-17,200	-5,900	12,800	-8,500	14,400	11,400	15,000	19,100	21,500	13,500	-13,800	2,000	1,500	13,000	19,500	11,300	20,200	7,200	14,300	2,700	-23,300	0	0	0
Materials and supplies
-15,100	-500	10,500	1,800	5,700	4,500	-1,600	-6,500	3,500	-1,400	7,100	15,800	13,000	14,200	16,900	4,700	14,300	26,200	5,500	9,700	-4,100	-9,200	-13,500	-14,800	-9,600	-7,100	6,300	14,700	10,900	9,300	5,400	0	12,900	7,200	6,300	7,900	-1,400	-6,300	20,500	28,400	12,000	12,300	0	0	0
Other current assets
67,700	56,800	49,700	36,100	14,800	41,100	68,600	69,200	85,400	68,600	10,300	18,200	3,200	-9,900	30,100	18,300	22,000	10,100	3,700	-2,400	-18,500	10,000	-24,600	-28,400	15,800	1,800	35,000	48,400	14,700	15,100	23,700	31,700	28,400	26,800	12,600	-500	-700	4,800	-2,100	-26,100	-12,200	-8,600	0	0	0
Accounts payable and accrued liabilities
-11,900	10,500	16,500	16,000	-14,600	-18,200	28,900	85,400	151,000	160,400	124,500	109,500	90,400	101,800	54,200	16,900	-600	-27,100	-54,000	-33,200	-23,900	-26,100	16,700	16,600	-1,400	300	-36,100	-28,700	-28,600	-3,000	27,200	-3,300	5,300	-7,500	-17,600	-6,900	-20,400	22,000	11,700	19,900	-11,300	-19,900	0	0	0
Other, net
4,500	4,700	1,200	4,100	7,600	-2,100	1,200	-10,700	-17,000	-13,100	-16,600	-7,700	-5,200	200	2,200	-2,700	-10,800	-4,000	-32,000	-16,500	-17,300	-12,800	17,300	15,000	8,900	3,000	-18,000	-14,300	7,500	5,400	7,800	9,600	21,600	35,500	30,600	89,000	39,600	35,800	42,000	-21,300	6,200	3,100	0	0	0
Net Cash Provided by (Used in) Operating Activities, Continuing Operations
1,114,000	1,103,500	1,097,900	1,061,100	1,077,800	945,700	1,000,500	1,037,300	1,039,400	1,028,400	969,100	917,800	888,600	919,000	921,600	929,800	906,700	909,200	895,400	907,200	925,200	906,000	907,600	868,200	816,000	798,300	729,700	689,500	659,300	673,200	688,900	679,200	660,400	638,000	601,500	544,900	501,900	496,300	444,100	425,400	322,700	290,500	0	0	0
Investing activities:
Capital expenditures
506,100	587,200	591,700	603,400	590,200	520,300	535,300	567,300	535,300	585,400	605,400	590,500	601,600	563,600	570,300	586,300	632,100	688,000	787,500	760,400	748,200	668,200	616,500	596,900	580,100	594,800	602,600	587,800	530,400	517,100	494,500	505,600	486,400	482,200	371,000	338,200	330,200	287,300	250,300	241,600	283,700	346,800	0	0	0
Purchase or replacement of assets under operating leases
117,200	39,000	38,600	900	87,700	98,900	98,900	119,600	53,800	42,600	42,600	43,100	22,000	26,600	27,800	88,300	95,100	144,200	142,900	69,100	227,800	302,100	358,900	351,000	339,800	211,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of an intermodal facility, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,000	0	0	0	-	-	-	-
Property investments in MSLLC
27,100	27,500	27,700	28,000	26,900	26,100	26,300	26,700	25,700	26,000	25,600	36,200	30,700	33,100	41,400	30,100	22,100	17,400	8,300	5,800	9,000	26,700	32,200	33,800	38,300	31,600	28,800	31,200	41,400	35,200	35,700	35,700	33,300	33,300	36,000	38,900	27,100	25,200	58,400	44,800	44,600	22,000	0	0	0
Investments in and advances to affiliates
32,600	36,700	35,900	28,200	27,400	19,200	10,400	20,100	20,400	20,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Insurance proceeds related to hurricane damage
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,400	0	0	0	-	-	-	-	-	-	-	-
Proceeds from disposal of property
23,200	22,100	19,900	15,300	9,500	8,700	9,400	9,000	5,500	8,800	8,000	8,500	8,500	5,000	0	0	0	-	-	-	0	-	8,200	7,500	6,700	8,200	8,700	12,600	14,900	14,700	15,400	11,500	11,200	10,000	8,900	9,700	8,500	8,300	6,500	9,500	11,500	13,900	0	0	0
Other, net
15,400	8,000	800	4,200	2,300	3,700	2,600	3,200	13,200	15,500	18,300	13,500	7,200	9,000	12,100	14,000	30,600	27,300	9,200	7,900	-8,700	-14,100	-7,100	-5,500	-1,100	3,300	9,700	0	-6,200	-8,600	5,900	19,500	15,300	14,500	-5,900	-17,100	-20,000	-15,900	-31,500	-17,900	-11,400	-10,900	0	0	0
Net cash used
-675,200	-676,300	-667,200	-641,800	-717,400	-651,900	-664,100	-727,900	-642,900	-681,100	-704,200	-682,300	-654,100	-628,200	-645,000	-712,800	-775,700	-873,000	-954,100	-846,800	-976,800	-982,900	-992,300	-968,700	-950,400	-833,300	-787,500	-764,800	-573,600	-551,900	-546,400	-567,600	-518,700	-510,400	-378,000	-340,200	-322,500	-311,500	-259,300	-259,400	-294,800	-344,000	0	0	0
Financing activities:
Net short-term borrowings
-	-	-	-	-	-348,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from short-term borrowings
-	-	-	-	-	-	-	-	-	-	0	0	7,251,700	-	7,759,700	8,955,300	11,218,900	10,866,200	13,471,600	18,696,900	18,346,300	15,368,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of short-term borrowings
-	-	-	-	-	-	-	-	-	-	0	0	7,041,800	-	7,760,000	9,247,700	11,378,700	11,237,300	13,785,000	18,727,700	18,310,000	14,920,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from commercial paper
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of commercial paper
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	623,700	538,700	40,000	30,000	175,000	624,700	689,700	2,093,400	1,918,400	1,468,600	1,403,700	100,000	329,600	379,700	679,600	779,600	550,000	680,000	385,000	185,000	480,700	313,000	308,000	283,800	202,100	0	0	0
Repayment of long-term debt
284,700	285,000	10,600	11,000	75,500	81,500	83,900	88,700	27,400	25,400	275,800	276,100	275,400	276,400	111,000	110,500	150,200	149,800	64,800	64,900	24,900	508,000	544,200	635,400	1,819,100	1,343,200	1,313,900	1,229,700	153,400	375,900	495,200	793,100	884,500	653,300	699,600	460,300	539,800	839,700	716,600	658,000	386,100	319,100	0	0	0
Dividends paid
146,500	144,300	145,200	146,000	146,800	147,500	148,300	146,300	144,400	142,500	140,700	141,500	142,200	142,800	143,300	144,200	144,900	140,100	134,900	129,300	123,800	116,600	109,300	102,200	95,000	71,200	90,600	88,300	86,000	86,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Shares repurchased
853,900	792,500	322,700	277,700	239,800	243,500	218,500	363,700	373,900	375,600	406,000	246,600	190,100	185,400	157,700	232,800	245,200	194,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs paid
0	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt costs
-	-	-	-	-	-	-	-	-	-	-	-	-	2,600	17,100	22,900	20,500	20,300	6,300	800	1,300	4,900	12,900	16,200	120,900	117,800	112,100	108,500	7,600	22,100	37,700	43,000	51,600	36,600	38,500	37,600	44,500	65,100	44,800	40,400	20,600	9,300	0	0	0
Excess tax benefit from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,600	1,200	500	-700	3,500	3,400	3,700	4,200	13,000	20,700	21,200	31,500	22,400	14,300	13,400	200	-14,500	-14,300	-10,500	1,200	0	0	0	-	-	-	-
Proceeds from employee stock plans
11,200	7,000	4,800	4,400	1,600	1,800	2,000	1,400	1,100	700	0	0	0	-	-	-	-	4,200	4,900	5,500	5,700	2,000	1,900	1,000	1,300	1,500	1,700	1,900	2,000	1,900	1,400	1,800	2,000	2,100	3,100	2,600	2,000	2,100	2,300	2,900	3,200	3,000	0	0	0
Net cash used for financing activities
-436,400	-378,900	-476,200	-432,800	-314,700	-327,400	-317,700	-414,600	-472,600	-383,800	-469,600	-362,800	-150,600	-256,800	-100,100	25,700	-130,200	-247,600	-110,500	-199,700	-77,500	-4,600	274,600	260,700	238,200	391,900	-33,300	-200	-123,800	-121,100	-172,600	-162,100	-141,400	-140,600	-75,200	-133,000	-204,000	-216,900	-224,900	-144,000	-43,500	-58,900	0	0	0
Preferred stock dividends paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	10,900	11,000	10,900	11,000	0	0	0
Effect of exchange rate changes on cash
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and cash equivalents:
Net decrease during each period
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) during each year
-	-	-	-	-	-33,600	18,700	-105,200	-76,100	-36,500	-204,700	-127,300	83,900	34,000	176,500	242,700	800	-211,400	-169,200	-139,300	-129,100	-81,500	189,900	160,200	103,800	356,900	-91,100	-75,500	-38,100	200	-30,100	-50,500	300	-13,000	148,300	71,700	-24,600	-32,100	-40,100	22,000	-15,600	-112,400	0	0	0
Supplemental cash flow information