Phi inc (PHII)
CashFlow / Quarterly
Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11
Operating activities:
Net loss

-32,077

-35,241

-105,907

-11,532

-7,092

-16,983

29,330

-3,277

-3,273

-15,248

-17,058

-4,967

4,277

-8,932

2,438

7,669

6,454

10,363

7,392

17,249

13,368

-5,321

16,825

13,777

19,516

8,838

3,441

6,384

6,054

2,178

3,218

3,582

723

-2,671

Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization

20,331

18,444

19,713

20,943

19,131

19,467

17,434

16,582

17,166

16,845

12,689

18,293

17,788

16,973

17,306

17,801

18,360

18,151

13,942

13,087

12,456

11,363

-

-

10,762

10,101

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,754

8,380

8,402

-

7,870

7,818

7,498

Deferred income taxes

-3,751

-3,656

-18,818

-2,288

-2,333

-5,113

-49,856

-1,625

92

-7,883

4,351

-3,203

-4,527

955

-3,089

5,920

3,784

6,279

6,817

6,657

7,156

-4,559

-4,237

7,253

13,013

5,892

5,054

5,228

3,856

1,482

2,827

2,320

536

-1,734

(Gain) loss on asset dispositions

95

-51

-45

0

171

-879

-295

4

-7

0

-504

-85

4,298

-359

-577

165

66

7

523

-56

-242

-1,073

529

1,399

14,701

-25

-306

-701

679

11

113

-638

77

146

Equity in (income) loss of unconsolidated affiliate, net

1,039

1,361

26

117

82

-37

1,171

438

-991

-1,003

-

-

-

-

-57

-75

-106

-68

-309

319

-65

-41

649

172

-596

-487

-

-

-

-

-

-

-

-

Inventory valuation reserves

-

741

-

-

-

1,042

-

-2,217

3,507

-1,293

-

1,153

178

2,435

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on debt extinguishment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-617

-29,216

-

-

-

-

-

-

-

-

-

-

-

-

Inventory valuation reserves

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,655

1,830

-816

562

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

228

-725

17

53

3,840

-3,319

-199

-207

-214

-217

-392

-223

Changes in operating assets and liabilities

-25,178

11,877

-

18,390

4,877

761

-

2,940

18,186

1,677

-

19,506

-3,648

28,133

-

-5,717

-11,568

5,498

-

25,941

-5,270

25,691

-

20,346

1,987

-4,813

-

23,232

10,974

-5,788

-5,129

-1,185

17,562

-11,248

Net cash provided by (used in) operating activities

-

-

-

-

-

-

-

-

304

-8,253

-

-7,947

17,142

-16,343

25,763

38,847

39,390

29,918

63,434

10,789

39,174

6,122

-

-

27,603

30,103

-

-

-

-

-

-

-

-

Net cash (used in) provided by operating activities

9,222

-32,899

25,696

-13,458

6,842

-1,432

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,154

6,836

18,046

8,292

15,812

-8,170

14,418

Investing activities:
Purchase of property and equipment

2,023

6,947

20,415

4,663

11,433

6,665

7,530

5,335

39,103

4,789

6,892

35,042

31,389

8,519

8,879

18,742

7,387

22,115

26,212

64,591

28,141

38,746

16,634

36,088

25,068

24,936

45,288

50,780

19,887

12,520

24,281

22,369

38,998

5,380

Proceeds from asset dispositions

1,223

12

12,792

0

611

842

1,275

4

17

0

1,750

2,235

10,148

850

-

-

-

-

3,095

1

4,176

2,994

2,375

2,567

37,055

200

1,600

1,115

1,709

6,878

3,048

1,804

1,551

449

Purchase of short-term investments

43,805

139,616

204

23,281

126,677

134,319

369,455

134,007

79,651

54,867

58,249

111,768

73,759

77,677

48,501

269,679

100,226

190,243

25,349

206,139

93,055

140,551

60,984

68,144

175,767

70,608

48,313

65,516

67,658

34,778

41,074

39,745

104,319

49,493

Proceeds from sale of short-term investments

41,000

80,512

16,481

53,089

128,659

136,259

508,692

167,033

119,558

67,659

57,221

110,484

72,654

76,184

47,498

201,014

72,028

185,426

24,857

155,917

97,644

84,692

51,927

66,794

145,224

75,025

54,084

100,115

60,672

34,170

40,754

28,996

134,897

78,096

Payment of deposit on aircraft

-

-

-

-

-

-

-

-

44

66

2,052

66

65

66

66

1,076

65

66

66

45

338

6,499

-

-

152

419

-

-

-

-

-

-

-

-

Refund of deposit on aircraft

0

503

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

2,000

3,033

2,547

3,926

-

-

-

-

-

-

-

-

-

-

-

-

Loan to unconsolidated affiliate

-

-

0

0

0

274

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by investing activities

-

-

-

-

-

-

-

-

777

7,937

-

-35,357

-22,411

-9,228

-8,181

-79,571

-35,083

-26,998

-21,700

-111,799

-17,367

-94,184

-

-

-15,558

-20,738

-

-

-

-

-

-

-

-

Deposits paid on aircraft

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,050

9,407

-281

-

-

-

-

Refund of deposits on aircraft

0

503

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-3,655

-65,536

16,359

17,440

-8,840

-4,157

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-11,747

-34,571

-5,969

-17,342

-34,403

-15,789

23,672

Financing activities:
Repayment of Senior Notes due 2018

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

7,429

292,571

-

-

-

-

-

-

-

-

-

-

-

-

Premium and costs to retire debt early

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

617

26,132

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance cost

0

5,668

0

874

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

95

480

5,657

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from line of credit

-

0

0

0

545

33,750

53,000

32,625

29,225

37,300

50,800

63,100

67,300

83,500

26,000

86,920

42,000

77,740

58,649

110,104

0

95,500

63,498

59,308

39,565

2,400

35,460

25,782

60,412

5,669

29,248

25,552

16,689

2,376

Payments on line of credit

-

0

0

122,220

75

29,500

35,500

65,850

31,500

35,800

49,200

25,700

60,000

53,300

46,720

44,200

46,140

81,100

97,253

28,500

0

174,500

72,763

46,766

42,997

10,000

17,700

14,825

32,300

21,790

18,569

6,373

500

33,450

Repurchase of common stock

-

-

-

-

-

-

0

-7

163

100

5

24

0

500

7

103

131

2,207

-24

0

0

176

0

0

0

1,037

-

-

-

-

-

-

-

-

Proceeds from Term Loan

0

70,000

0

130,000

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

500,000

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-

-

-

-

-

-

-

-

-2,438

1,400

-

37,376

7,300

29,700

-20,727

42,617

-4,271

-5,567

-38,580

81,509

-8,526

96,464

-

-

-3,432

-8,637

-

-

-

-

-

-

-

-

Net cash provided by financing activities

0

64,332

-7

6,858

419

4,250

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,957

28,112

-16,121

10,679

19,179

16,189

-31,074

Effect of exchange rate changes on cash

381

-864

-

-239

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in cash, cash equivalents and restricted cash

5,948

-34,967

-

-

-1,579

-1,339

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in cash

-

-

-

-

-

-

-

668

-1,357

1,084

-

-5,928

2,031

4,129

-3,145

1,893

36

-2,647

3,154

-19,501

13,281

8,402

-962

-10,294

8,613

728

1,061

364

377

-4,044

1,629

588

-7,770

7,016

Cash paid during the period for:
Reorganization items, net

4,604

1,600

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest

1,541

2,058

3

15,070

1,427

14,328

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest

-

-

-

-

-

-

-

-

1,136

14,114

-

13,929

638

13,691

496

13,465

243

13,453

519

13,147

469

11,280

13,563

826

13,553

733

13,697

761

13,394

923

13,245

74

14,855

257

Income taxes

1,033

655

969

491

493

320

18

82

1,131

0

-219

977

1,879

0

2,460

0

0

3,061

-360

219

9,718

13

932

0

217

12

-326

0

540

23

-296

1

495

12

Noncash investing activities:
Other current liabilities and accrued payables related to purchase of property and equipment

23

73

-171

-49

190

82

21

6

-333

348

-3,688

3,653

-29,238

29,302

1,294

-27,712

-1,237

28,994

116

-18

-24,623

24,717

74

-265

285

82

-229

-970

1,135

165

-166

-45,681

45,863

144