FREIGHTCAR AMERICA, INC. RAIL Cash Flow

Freightcar america, inc. (RAIL)

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
Cash flows from operating activities
Net loss
-	-	-	-	-	-	-6,172	-2,336	-6,404	-11,138	-11,614	-448	638	74	51	-468	12,667	11,654	14,827	7,397	-2,073	4,806	6,432	1,615	-6,949	-12,287	-926	-3,438	-2,644	-959	4,757	5,563	9,734	-	-	-	-
Net loss
-17,163	-	-	-	-14,032	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,482	-2,449	178	-1,272
Adjustments to reconcile net loss to net cash flows used in operating activities:
Non-cash restructuring and impairment charges
312	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from Shoals transaction
-	-	-	-	-	0	0	0	2,655	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
3,013	2,951	3,016	3,265	3,206	3,676	2,893	2,898	2,550	2,345	2,349	2,335	2,337	2,334	2,285	2,498	2,619	2,477	2,603	2,549	2,399	2,588	2,536	2,451	2,494	2,788	2,706	2,360	2,223	2,228	2,005	2,068	2,097	2,121	2,242	2,333	2,125
Amortization expense - right-of-use leased assets
990	2,317	2,506	2,460	3,202	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Recognition of deferred income from state and local incentives
555	554	556	555	554	555	555	555	555	555	555	554	555	533	532	532	532	532	532	176	175	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of railcars available for lease
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,187	750	635	4	14	14	563	13	14	13	14	14	948	-	-	-	-
Gain on termination of postretirement benefit plan
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	15,606	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	14,809	-2,169	-679	-1,992	1,065	-6,627	-1,270	408	5,516	303	755	16,149	-2,975	-1,374	2,745	-1,075	1,875	4,564	451	-4,899	-6,058	-273	-2,278	2,888	-756	2,308	2,400	6,468	-18	4,163	-2,222	-2,605
Stock-based compensation recognized
227	471	480	-415	689	687	760	915	836	596	195	157	214	334	141	445	229	497	508	575	603	508	476	560	540	586	629	576	498	294	457	494	458	537	559	537	556
Other non-cash items, net
-1,868	-389	2,333	-1,705	736	44	49	484	-273	-1,347	-62	-464	-84	-816	-253	-397	-334	90	67	-714	-908	-1,791	51	306	438	467	412	-62	-242	-389	161	400	209	-390	90	185	118
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable
-1,273	-1,744	-4,145	3,590	-8,928	-20,668	13,221	12,754	5,330	-9,517	1,665	-6,734	-1,630	-6,495	13,762	-1,791	-21,387	10,884	-6,318	30,673	3,159	-29,448	23,364	1,470	4,666	-16,576	9,606	221	-2,204	-1,398	7,136	-5,077	2,201	1,083	-68,756	63,748	9,766
Inventories
17,809	-30,242	-7,193	9,377	-12,591	1,846	2,872	13,523	-1,930	-23,565	-3,686	-3,287	-20,101	-46,078	7,577	92	21,353	-26,561	-6,161	-8,676	78,325	-38,100	21,374	-912	17,047	-299	-11,793	2,892	1,745	16,899	-15,895	-4,795	4,491	-19,300	20,345	-2,900	9,800
Inventories on lease
-	-	-	-	-	-	0	23,042	9,186	-	-	-	8,391	-	-	-	-	-	-	-	-	-	0	0	8,721	0	0	16,955	0	-	-	-	-	-	-	-	-
Other assets
1,273	421	-601	-48	2,355	-1,322	-2,103	-1,626	3,323	5,043	-1,654	-1,622	1,481	-11,166	1,515	3,507	3,152	451	-2,337	205	3,323	-3,238	-12,018	15,328	1,070	87	-491	-296	173	2,024	-485	-1,291	4,283	-1,450	-68	-1,564	-1,121
Accounts and contractual payables
7,521	-12,755	-6,316	-374	-4,516	-7,466	3,540	12,335	2,284	-8,746	3,348	-4,602	-1,170	1,748	-5,974	-945	5,431	-25,043	-5,396	19,302	11,274	-31,543	25,859	18,419	3,644	-4,865	7,036	-4,742	-15,004	4,484	-8,515	-14,508	23,686	-10,081	8,009	2,855	14,612
Accrued payroll and employee benefits
-654	-	344	551	359	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued payroll and employee benefits
-	-	-	-	-	-	-	-	338	-350	300	-2,353	1,098	21	-883	-751	-3,976	1,738	1,776	1,347	-2,828	1,185	189	556	535	-829	67	184	-3,108	562	834	-2,019	1,560	889	648	604	-659
Income taxes receivable/payable
8	-444	92	-3	200	157	-130	-34	-650	2,943	146	-12,664	-48	4,136	928	1,405	6,277	1,676	-7,316	-1,069	335	4,827	-379	-376	-115	-5,513	-150	418	-345	2,580	-271	-166	237	1,442	-132	-145	-271
Accrued warranty
-312	722	-127	-3,252	1,736	-217	288	197	979	182	-93	-618	267	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease liability
-1,686	-4,392	-4,119	-4,054	-5,037	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer deposits
17,392	-	-	-	-1,719	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
1,051	3,295	-3,202	5,849	259	-1,857	-2,006	179	1,223	-27	-484	-790	547	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued warranty
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	385	-	648	378	-463	51	533	1,119	82	-11	192	-692	-157	-85	-63	16	-38	521	438	-249	-847
Customer deposits and other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,101	-2,635	12,649	-	3,536	-31,614	-1,393	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment for settlement of postretirement benefit plan obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	31,616	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer deposits and other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10,602	-	-14,851	-5,022	-7,545	20,115	-2,689	772	2,079	14,009	-56,490	58,075	-1,180
Deferred revenue, long-term
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10	-14	-15	-36	-24	-58	-124	-128	622	-155	-117
Accrued pension costs and accrued postretirement benefits
-214	362	-151	-152	-114	-126	-267	-318	-418	-390	-227	-246	185	-463	422	-121	-6,283	-551	662	663	647	6,677	436	499	487	-5,182	73	-695	-549	1,886	-889	-930	-1,549	1,092	-780	-796	-3,489
Net cash flows provided by (used in) operating activities:
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-32,468	-5,230	-16,945	-	34,745	-17,253	-78,505	102,315	-18,014	-44,694	-45,633	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows (used in) provided by operating activities
-6,027	6,574	-10,400	-16,860	1,707	35,737	-18,979	-34,912	-13,490	9,425	-9,817	24,773	15,960	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,680	-34,026	-23,038	14,474	23,656	-17,548	32,420	34,007	12,725	-5,831	-10,932
Cash flows from investing activities
Restricted cash deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-500	500	1,136	2,039	0	0	1,050	14,475	-	-	-	-
Restricted cash withdrawals
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,410	-229	0	-2,553	-460	0	-470	-13,770	-830	-1,474	-240	-96	-210	-1,293	-101	-18
Purchase of restricted certificates of deposit
-	3,565	299	0	1,117	3,360	552	3,360	1,040	3,860	1,438	0	4,668	4,281	907	0	1,182	0	0	1,538	627	1,410	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Maturity of restricted certificates of deposit
3,769	302	1,462	0	4,400	3,860	552	3,360	1,308	4,220	552	526	1,558	4,281	105	0	2,910	0	989	0	295	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of securities held to maturity
-	0	0	0	1,986	10,000	22,251	37,861	41,244	21,926	29,980	22,920	10,995	-	-	-	-	14,947	0	12,004	5,993	17,982	17,985	11,996	20,993	20,987	11,990	17,991	8,995	-	-	-	-	-	-	-	-
Proceeds from maturity of securities
-	0	0	2,000	18,025	19,274	51,434	34,003	32,005	-	-	-	-	15,000	0	6,001	6,000	18,000	12,000	18,004	6,000	18,000	18,000	18,002	6,000	21,000	18,000	15,000	9,000	-	-	-	-	-	-	-	-
Proceeds from sale of property, plant and equipment and railcars available for lease
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	149	10,377	3,921	1,230	6,458	73
Purchase of property, plant and equipment
3,670	2,281	1,258	1,274	760	1,078	631	294	182	354	168	149	296	776	4,289	6,334	2,447	538	5,998	5,855	4,308	3,554	2,603	3,134	2,511	1,035	1,228	1,700	13,354	2,754	3,177	1,993	1,164	1,029	434	182	185
Proceeds from sale of property, plant and equipment and railcars available for lease
164	-	-	-	-	0	1,858	372	228	0	0	0	119	-	-	-	-	0	3	71	7,580	7,754	5,857	0	50	-	-	-	-	-	-	-	-	-	-	-	-
State and local incentives received
-	-	-	-	-	-	-	-	-	0	0	0	1,410	-	-	-	-	0	10,826	0	4,907	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows used in investing activities:
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,091	-333	5,281	-	35,409	-1,322	7,854	4,218	4,605	2,872	-14,901	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	166
Net cash flows provided by investing activities
263	242	-18	12,168	18,562	-23,532	26,710	-5,199	-8,925	8,160	-21,034	-19,543	-12,872	-	-	-	-	-	-	-	-	-	-	-	-	-	10,687	-5,316	-1,618	-43,902	-1,703	-2,654	-5,166	1,987	2,089	6,377	-260
Cash flows from financing activities
Stock option exercise
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	17	0	126	193	0	0	0	-	-	-	-	-	-	-	-
Employee stock settlement
9	0	0	0	59	1	-1	0	118	4	5	0	14	3	4	1	70	1	3	932	116	1	7	7	210	33	5	6	54	-	-	-	-	-	-	-	-
Employee restricted stock settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5	-26	-17	-	-8	-44	-21
Cash dividends paid to stockholders
-	-	-	-	-	-	-	-	-	0	1,116	1,118	1,117	1,115	1,114	1,115	1,111	1,109	1,109	1,111	1,090	725	724	724	723	723	722	722	722	720	718	719	718	-	-	-	-
Deferred financing costs
-	0	0	649	280	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reduction in customer advance for production of leased railcars
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,764	345	345	345	345	552	0	0	-	-	-	-	-	-	-	-
Net cash flows used in financing activities:
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,118	-1,197	-1,181	-	-1,112	2,855	-1,206	-19,455	-1,059	-1,076	-1,152	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows used in financing activities
-9	0	0	9,551	-339	-11	1	0	-118	-4	-1,121	-1,118	-1,131	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,417	18,672	-776	-735	-723	-745	-735	1	-8	-44	-21
Net increase (decrease) in cash and cash equivalents
-5,773	6,816	-10,418	4,859	19,930	12,194	7,732	-40,111	-22,533	17,581	-31,972	4,112	1,957	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (decrease) increase in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	67,964	-38,677	-6,760	-12,845	-11,929	69,042	-15,720	-71,857	87,078	-14,468	-42,898	-61,686	86,509	6,590	-20,670	-25,432	-30,163	21,230	-20,947	26,519	35,995	14,806	502	-11,213
Supplemental cash flow information
Interest paid
143	43	122	16	15	17	17	16	18	17	12	20	23	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15	-	7	30	64	36	7	19	16	37	10	40	56	108	84	94	31	46	51	38	66
Income tax refunds received
-	-	-	-	-	47	65	0	487	-	-	-	-	-	-	-	-	-	-	-	-	0	293	280	0	0	0	0	0	-	-	-	-	0	0	0	128
Income tax paid
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	498	4,170	10,310	2,532	50	479	169	31	20	0	0	0	581	0	-	-	-	-	-	-	-	0