L3 TECHNOLOGIES, INC. LLL Cash Flow

L3 technologies, inc. (LLL)

CashFlow / Quarterly

Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16
Net Cash Provided by (Used in) Operating Activities [Abstract]
Net income
223,000	231,000	208,000	379,000	208,000	208,000	293,000	25,000	207,000	168,000	192,000	151,000	151,000	230,000
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
0	-1,000	0	190,000	16,000	16,000	22,000	-121,000	12,000	11,000	28,000	0	0	63,000
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
223,000	232,000	208,000	189,000	192,000	192,000	271,000	146,000	195,000	157,000	164,000	151,000	151,000	167,000
Depreciation of property, plant and equipment
43,000	50,000	42,000	47,000	43,000	43,000	47,000	43,000	42,000	40,000	35,000	40,000	41,000	40,000
Amortization of intangibles and other assets
15,000	21,000	12,000	13,000	13,000	13,000	17,000	12,000	12,000	12,000	10,000	11,000	11,000	10,000
Deferred income tax provision
8,000	-33,000	5,000	5,000	16,000	16,000	-38,000	5,000	10,000	15,000	-21,000	19,000	17,000	12,000
Stock-based employee compensation expense
12,000	13,000	13,000	14,000	20,000	20,000	10,000	15,000	14,000	14,000	15,000	15,000	13,000	6,000
Contributions to employee savings plans in common stock
30,000	21,000	26,000	36,000	32,000	32,000	16,000	34,000	22,000	34,000	10,000	34,000	28,000	30,000
Amortization of pension and postretirement benefit plans net loss and prior service cost
9,000	17,000	16,000	17,000	18,000	18,000	16,000	13,000	15,000	15,000	11,000	12,000	13,000	12,000
Amortization of bond discounts and deferred debt issue costs (included in interest expense)
-	-	-	-	-	-	-	-	-	-	-	2,000	2,000	2,000
Other non-cash items
-5,000	-1,000	-4,000	0	-1,000	-1,000	-6,000	-3,000	-1,000	-5,000	-5,000	1,000	-21,000	-1,000
Changes in operating assets and liabilities, excluding amounts from acquisitions and divestitures, and discontinued operations:
Billed receivables
-116,000	29,000	29,000	64,000	73,000	73,000	21,000	-91,000	40,000	48,000	-70,000	7,000	30,000	32,000
Contract assets
142,000	-115,000	95,000	121,000	145,000	145,000	0	0	0	0	-	-	-	-
Contracts in process
-	0	0	0	0	-	-113,000	60,000	-57,000	180,000	-219,000	109,000	-64,000	148,000
Inventories
20,000	-29,000	-38,000	-55,000	65,000	65,000	23,000	34,000	3,000	9,000	-53,000	7,000	5,000	19,000
Prepaid expenses and other current assets
31,000	-52,000	45,000	-17,000	99,000	99,000	29,000	14,000	-9,000	24,000	-	-	-	-
Other assets
-	-	-	-	-	-	-	-	-	-	-	-26,000	9,000	-4,000
Accounts payable, trade
-32,000	101,000	-4,000	5,000	56,000	56,000	52,000	146,000	-190,000	91,000	-135,000	12,000	3,000	115,000
Accrued employment costs
-70,000	10,000	28,000	16,000	-54,000	-54,000	16,000	40,000	40,000	-68,000	2,000	31,000	23,000	-46,000
Accrued expenses
-31,000	-16,000	8,000	69,000	-6,000	-6,000	-22,000	-104,000	135,000	23,000	-9,000	5,000	-18,000	16,000
Contract liabilities
-43,000	-101,000	-9,000	43,000	-41,000	-41,000	0	0	0	0	-	-	-	-
Advance payments and billings in excess of costs incurred
-	0	0	0	0	-	31,000	-8,000	-1,000	-9,000	29,000	9,000	-47,000	-64,000
Income taxes
14,000	34,000	-3,000	-11,000	-11,000	-11,000	-41,000	14,000	-24,000	12,000	33,000	-25,000	5,000	20,000
Other current liabilities
-	-	-	-	-	-	-	-	-	-	-	7,000	-4,000	-6,000
Pension and postretirement benefits
-	-	-	-	-	-	-	-	-	-	-	-19,000	1,000	-1,000
All other operating activities
18,000	24,000	95,000	31,000	14,000	14,000	28,000	76,000	23,000	-6,000	35,000	-4,000	10,000	7,000
Net Cash Provided by (Used in) Operating Activities, Continuing Operations
174,000	700,000	164,000	213,000	-35,000	-35,000	404,000	266,000	229,000	86,000	436,000	210,000	264,000	112,000
Net Cash Provided by (Used in) Investing Activities [Abstract]
Business acquisitions, net of cash acquired
-	1,000	299,000	69,000	0	-	25,000	100,000	52,000	139,000	361,000	0	0	27,000
Proceeds from Divestiture of Businesses and Interests in Affiliates
1,000	0	0	535,000	0	0	0	2,000	0	16,000	0	-14,000	-1,000	576,000
Working capital adjustment on prior divestitures
20,000	-	-	-	-	0	-	-	-	-	-	-	-	-
Capital expenditures
49,000	65,000	59,000	52,000	56,000	56,000	73,000	55,000	55,000	41,000	84,000	51,000	40,000	35,000
Dispositions of property, plant and equipment
3,000	1,000	1,000	-1,000	2,000	2,000	7,000	2,000	64,000	1,000	6,000	4,000	4,000	7,000
Other investing activities
9,000	0	-1,000	0	29,000	29,000	-2,000	6,000	6,000	-5,000	1,000	-1,000	3,000	-9,000
Net cash used in investing activities from continuing operations
-74,000	-65,000	-356,000	413,000	-83,000	-83,000	-89,000	-157,000	-49,000	-158,000	-440,000	-60,000	-40,000	530,000
Net Cash Provided by (Used in) Financing Activities [Abstract]
Proceeds from Lines of Credit
0	0	0	294,000	207,000	207,000	63,000	107,000	494,000	664,000	484,000	15,000	103,000	217,000
Repayments of Lines of Credit
0	0	0	294,000	207,000	207,000	63,000	107,000	494,000	664,000	484,000	15,000	103,000	217,000
Common stock repurchased
0	0	35,000	168,000	119,000	119,000	89,000	65,000	26,000	0	47,000	50,000	78,000	198,000
Dividends paid
70,000	63,000	63,000	63,000	65,000	65,000	58,000	59,000	58,000	61,000	54,000	54,000	54,000	58,000
Proceeds from exercises of stock options
19,000	7,000	39,000	48,000	55,000	55,000	10,000	11,000	13,000	12,000	4,000	11,000	24,000	14,000
Proceeds from employee stock purchase plan
0	8,000	8,000	9,000	8,000	8,000	8,000	8,000	8,000	8,000	8,000	7,000	8,000	8,000
Repurchases of common stock to satisfy tax withholding obligations
22,000	7,000	0	1,000	23,000	23,000	0	0	0	18,000	1,000	0	0	20,000
Other financing activities
-7,000	3,000	-10,000	-4,000	-2,000	-2,000	2,000	-4,000	-4,000	-4,000	1,000	-2,000	-1,000	-5,000
Net cash used in financing activities from continuing operations
-80,000	-51,000	-666,000	343,000	-146,000	-146,000	-127,000	-109,000	-67,000	-63,000	-103,000	-88,000	-406,000	-259,000
Effect of Exchange Rate on Cash and Cash Equivalents
3,000	-6,000	-1,000	-14,000	6,000	6,000	4,000	6,000	6,000	4,000	-10,000	-3,000	0	0
Net cash from (used in) discontinued operations:
Operating activities
19,000	-19,000	0	38,000	-29,000	-29,000	33,000	48,000	37,000	-1,000	75,000	0	0	-56,000
Investing activities
0	0	0	-1,000	-1,000	-1,000	-2,000	0	-1,000	-1,000	-	-	-	-
Net Cash Provided by (Used in) Discontinued Operations
19,000	-19,000	0	37,000	-30,000	-30,000	31,000	48,000	36,000	-2,000	-	-	-	-
Net increase (decrease) cash and cash equivalents
42,000	559,000	-859,000	992,000	-288,000	-288,000	223,000	54,000	155,000	-133,000	-48,000	59,000	-182,000	327,000