Freightcar america, inc. (RAIL)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities
Net loss

-

-

-22,562

12,324

31,805

5,904

-19,295

19,095

-

-

-

Net loss

-75,238

-40,581

-

-

-

-

-

-

4,939

-12,862

4,784

Adjustments to reconcile net loss to net cash flows used in operating activities:
Restructuring and impairment charges

22,371

0

-

-

-

-

-

-

-

-

-

Net proceeds from Shoals transaction

-

2,655

-

-

-

-

-

-

-

-

-

Restructuring and impairment charges

-

-

-

-

-

-

10,452

0

0

-

-

Depreciation and amortization

12,438

12,017

9,366

9,736

10,028

10,069

10,077

8,398

8,821

7,015

5,658

Amortization expense - right-of-use leased assets

10,485

-

-

-

-

-

-

-

-

-

-

Recognition of deferred income from state and local incentives

2,219

2,220

2,219

2,129

1,415

-

0

-

-

-

-

Loss on sale of railcars available for lease

-7,197

-

-

-

1,187

1,403

604

989

2,227

0

-

Gain on sale of facility

-

-

-

-

4,578

1,078

0

-

-

-

-

Gain on termination of postretirement benefit plan

6,637

-

-

15,606

-

-

-

-

-

-

-

Deferred income taxes

176

9,969

-6,424

22,723

-2,679

1,991

-5,721

10,420

-682

-7,738

11,830

Stock-based compensation recognized

1,225

3,198

1,162

1,149

2,183

2,084

2,289

1,703

2,189

1,675

1,829

Gain (Loss) on Sale of Assets and Asset Impairment Charges

-

-

-

-

-

-

-

0

-

-

-

Other non-cash items, net

975

304

-1,957

-1,800

-1,465

-996

575

381

3

-1,809

4,231

Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable

-11,227

10,637

-16,216

-15,911

38,398

52

-8,953

2,862

5,841

-3,320

-69,392

Inventories

-40,649

16,311

-50,639

-17,056

36,927

-591

-7,455

700

7,945

13,482

18,314

Inventories on lease

-

-

-

-

-

-

16,955

0

0

6,686

1,420

Other assets

2,127

-1,728

3,248

-2,992

1,642

1,142

-527

4,531

-4,203

3,612

-591

Accounts and contractual payables

-23,961

10,693

-11,170

260

137

16,379

-17,575

5,147

15,395

-5,102

-29,910

Accrued payroll and employee benefits

-1,368

-165

-

-

-

-

-

-

-

-

-

Accrued payroll and employee benefits

-

-

-1,305

-5,589

2,033

2,465

-3,686

937

1,482

-3,829

-1,572

Income taxes receivable/payable

-155

-657

-9,623

12,746

-6,374

3,957

-5,590

2,380

894

-3,260

5,271

Accrued warranty

-921

1,247

-262

-915

497

-

-

-

-

-

-

Lease liability

-17,602

-

-

-

-

-

-

-

-

-

-

Other liabilities

6,201

-2,461

-754

-8,690

-34,802

-

-

-

-

-

-

Accrued warranty

-

-

-

-

-

1,785

-668

-170

-137

-1,214

-2,330

Customer deposits and other liabilities

-

-

-

-

-

-48,757

57,182

-

-

-

-

Payment for settlement of postretirement benefit plan obligation

-

-

-

31,616

-

-

-

-

-

-

-

Customer deposits and other liabilities

-

-

-

-

-

-

-

20,277

14,414

-1,072

-5,310

Deferred revenue, long-term

-

-

-

-

-

-

-

-242

222

-464

-711

Deferred rent, long-term

-

-

-

-

-

-

-

0

-

-

-

Accrued pension costs and accrued postretirement benefits

-55

-1,129

-678

-6,445

1,421

8,099

-6,353

-1,482

-3,973

529

-10,613

Net cash flows provided by (used in) operating activities:

-

-

-

-

-

-6,026

32,243

-

-

-

-

Net cash flows (used in) provided by operating activities

-18,979

-31,644

40,341

215

-65,685

-

-

53,002

29,969

-42,071

22,864

Cash flows from investing activities
Restricted cash deposits

-

-

-

-

-

1,017

3,175

15,525

1,115

5,644

5,658

Restricted cash withdrawals

-

-

-

-

-

-4,192

-14,700

-2,640

-1,622

-4,742

-4,238

Purchase of restricted certificates of deposit

4,981

8,312

9,966

6,370

2,165

1,410

4,605

0

0

-

-

Maturity of restricted certificates of deposit

6,164

9,080

6,856

7,296

1,284

-

0

-

-

-

-

Purchase of securities available for sale

-

-

-

-

-

-

-

-

-

29,982

49,933

Purchase of securities held to maturity

1,986

111,356

85,821

-

32,944

68,956

59,963

41,978

0

-

-

Proceeds from maturity of securities

20,025

136,716

43,080

27,001

54,004

60,002

63,000

0

0

-

-

Proceeds from sale of railcar repair and maintenance services business and facility

-

-

-

-

17,589

2,124

6,741

-

-

-

-

Cost of railcars available for lease

-

-37,347

-

-

-8,724

-

0

-

-

-

-15,603

Proceeds from sale of property, plant and equipment and railcars available for lease

-

-

-

-

-

-

-

-

11,682

2,546

3

Sale of securities available for sale

-

-

-

-

-

-

-

-

-

-

19,986

Maturity of securities available for sale

-

-

-

-

-

-

-

-

-

59,996

-

Purchase of property, plant and equipment

5,573

2,185

967

13,846

16,699

11,802

17,317

9,088

1,830

1,431

4,317

Proceeds from sale of property, plant and equipment and railcars available for lease

17,305

2,458

119

2

7,654

13,661

0

10,526

-

-

-

State and local incentives received

-

-

1,410

-

15,733

-

0

-

-

-

-

Net cash flows used in investing activities:

-

-

-

-

-

-3,206

-619

-

-

-

-

Acquisition of business

-

-

-

-

-

-

-

-

166

23,319

-

Net cash flows provided by investing activities

30,954

-10,946

-45,289

14,083

35,732

-

-

-53,425

10,193

6,908

-51,284

Cash flows from financing activities
Proceeds from line of credit borrowings

10,200

-

-

-

-

-

-

-

-

-

-

Stock option exercise

-

-

-

-

4,925

151

193

0

0

-

-

Employee stock settlement

59

118

23

78

1,052

225

98

63

88

-

-

Investment in noncontrolling interest by joint venture partner

-

-

-

-

-

-

-

-

-

-

-142

Excess tax benefit from stock-based compensation

-

-

-

-

35

27

0

0

16

-

-

Employee restricted stock settlement

-

-

-

-

-

-

-

-

-

-240

-

Cash dividends paid to stockholders

-

-

3,351

4,455

4,419

2,896

2,889

2,875

0

716

2,866

Deferred financing costs

929

10

-

83

-

-

336

0

0

116

5

Customer advance for production of leased railcars

-

-

-

-

-

-

19,400

0

-

-

-

Customer advance for production of leased railcars

-

-

-

-

-

-

-

-

0

-

-

Reduction in customer advance for production of leased railcars

-

-

-

-

-

19,799

897

0

0

-

-

Net cash flows used in financing activities:

-

-

-

-

-

-22,742

15,373

-

-

-

-

Other financing activities

-

-

-

-

-

-

-

-

-

-

-28

Net cash flows used in financing activities

9,212

-128

-3,374

-4,616

-511

-

-

-2,938

-72

-1,072

-2,757

Net increase (decrease) in cash and cash equivalents

21,187

-42,718

-8,322

-

-

-

-

-

-

-

-

Net (decrease) increase in cash and cash equivalents

-

-

-

9,682

-30,464

-31,974

46,997

-3,361

40,090

-36,235

-31,177

Supplemental cash flow information
Interest paid

196

68

72

83

109

-

-

-

-

-

-

Interest paid

-

-

-

-

-

78

143

317

201

341

265

Income tax refunds received

1,057

599

11,929

4,096

646

573

0

752

128

5,763

7,750

Income tax paid

79

5

104

4,668

13,371

220

581

4,161

0

136

175