FREIGHTCAR AMERICA, INC. RAIL Cash Flow

Freightcar america, inc. (RAIL)

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
Cash flows from operating activities
Net loss
-	-	-	-	-	-	-26,050	-31,492	-29,604	-22,562	-11,350	315	295	12,324	23,904	38,680	46,545	31,805	24,957	16,562	10,780	5,904	-11,189	-18,547	-23,600	-19,295	-7,967	-2,284	6,717	19,095	0	0	0	-	-	-	-
Net loss
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,939	0	0	0
Adjustments to reconcile net loss to net cash flows used in operating activities:
Non-cash restructuring and impairment charges
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from Shoals transaction
-	-	-	-	-	2,655	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
12,245	12,438	13,163	13,040	12,673	12,017	10,686	10,142	9,579	9,366	9,355	9,291	9,454	9,736	9,879	10,197	10,248	10,028	10,139	10,072	9,974	10,069	10,269	10,439	10,348	10,077	9,517	8,816	8,524	8,398	8,291	8,528	8,793	8,821	0	0	0
Amortization expense - right-of-use leased assets
8,273	10,485	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Recognition of deferred income from state and local incentives
2,220	2,219	2,220	2,219	2,219	2,220	2,220	2,220	2,219	2,219	2,197	2,174	2,152	2,129	2,128	2,128	1,772	1,415	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on sale of railcars available for lease
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,187	1,937	2,572	2,576	1,403	667	595	604	604	603	54	55	989	0	0	0	-	-	-	-
Gain on termination of postretirement benefit plan
-	-	-	-	-	-	-	-	-	-	-	-	-	15,606	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	9,969	-3,775	-8,233	-8,824	-6,424	-1,973	4,957	6,982	22,723	14,232	12,555	14,545	-2,679	2,171	8,109	5,815	1,991	-5,942	-10,779	-13,508	-5,721	-419	2,162	6,840	10,420	11,158	13,013	8,391	-682	0	0	0
Stock-based compensation recognized
763	1,225	1,441	1,721	3,051	3,198	3,107	2,542	1,784	1,162	900	846	1,134	1,149	1,312	1,679	1,809	2,183	2,194	2,162	2,147	2,084	2,162	2,315	2,331	2,289	1,997	1,825	1,743	1,703	1,946	2,048	2,091	2,189	0	0	0
Other non-cash items, net
-1,629	975	1,408	-876	1,313	304	-1,087	-1,198	-2,146	-1,957	-1,426	-1,617	-1,550	-1,800	-894	-574	-891	-1,465	-3,346	-3,362	-2,342	-996	1,262	1,623	1,255	575	-281	-532	-70	381	380	309	94	3	0	0	0
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable
-3,572	-11,227	-30,151	-12,785	-3,621	10,637	21,788	10,232	-9,256	-16,216	-13,194	-1,097	3,846	-15,911	1,468	-18,612	13,852	38,398	-1,934	27,748	-1,455	52	12,924	-834	-2,083	-8,953	6,225	3,755	-1,543	2,862	5,343	-70,549	-1,724	5,841	0	0	0
Inventories
-10,249	-40,649	-8,561	1,504	5,650	16,311	-9,100	-15,658	-32,468	-50,639	-73,152	-61,889	-58,510	-17,056	2,461	-11,277	-20,045	36,927	25,388	52,923	60,687	-591	37,210	4,043	7,847	-7,455	9,743	5,641	-2,046	700	-35,499	741	2,636	7,945	0	0	0
Inventories on lease
-	-	-	-	-	-	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	8,721	8,721	25,676	16,955	0	0	0	-	-	-	-	-	-	-	-
Other assets
1,045	2,127	384	-1,118	-2,696	-1,728	4,637	5,086	5,090	3,248	-12,961	-9,792	-4,663	-2,992	8,625	4,773	1,471	1,642	-2,047	-11,728	3,395	1,142	4,467	15,994	370	-527	1,410	1,416	421	4,531	1,057	1,474	1,201	-4,203	0	0	0
Accounts and contractual payables
-11,924	-23,961	-18,672	-8,816	3,893	10,693	9,413	9,221	-7,716	-11,170	-676	-9,998	-6,341	260	-26,531	-25,953	-5,706	137	-6,363	24,892	24,009	16,379	43,057	24,234	1,073	-17,575	-8,226	-23,777	-33,543	5,147	-9,418	7,106	24,469	15,395	0	0	0
Accrued payroll and employee benefits
0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued payroll and employee benefits
-	-	-	-	-	-	-	-	-2,065	-1,305	-934	-2,117	-515	-5,589	-3,872	-1,213	885	2,033	1,480	-107	-898	2,465	451	329	-43	-3,686	-2,295	-1,528	-3,731	937	1,264	1,078	3,701	1,482	0	0	0
Income taxes receivable/payable
-347	-155	446	224	193	-657	2,129	2,405	-10,225	-9,623	-8,430	-7,648	6,421	12,746	10,286	2,042	-432	-6,374	-3,223	3,714	4,407	3,957	-6,383	-6,154	-5,360	-5,590	2,503	2,382	1,798	2,380	1,242	1,381	1,402	894	0	0	0
Accrued warranty
-2,969	-921	-1,860	-1,445	2,004	1,247	1,646	1,265	450	-262	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease liability
-14,251	-17,602	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer deposits
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
6,993	6,201	1,049	2,245	-3,425	-2,461	-631	891	-78	-754	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued warranty
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,345	-	614	499	1,240	1,785	1,723	1,382	-429	-668	-742	-997	-289	-170	436	937	672	-137	0	0	0
Customer deposits and other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-20,760	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment for settlement of postretirement benefit plan obligation
-	-	-	-	-	-	-	-	-	-	-	-	-	31,616	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer deposits and other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-7,303	4,859	10,653	20,277	14,171	-39,630	17,673	14,414	0	0	0
Deferred revenue, long-term
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-75	-89	-133	-242	-334	312	215	222	0	0	0
Accrued pension costs and accrued postretirement benefits
-155	-55	-543	-659	-825	-1,129	-1,393	-1,353	-1,281	-678	-751	-102	23	-6,445	-6,533	-6,293	-5,509	1,421	8,649	8,423	8,259	8,099	-3,760	-4,123	-5,317	-6,353	715	-247	-482	-1,482	-2,276	-2,167	-2,033	-3,973	0	0	0
Net cash flows provided by (used in) operating activities:
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-4,125	-	41,302	-11,457	-38,898	-6,026	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows (used in) provided by operating activities
-26,713	-18,979	10,184	1,605	-16,447	-31,644	-57,956	-48,794	10,891	40,341	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-45,270	-18,934	-2,456	53,002	72,535	61,604	73,321	29,969	0	0	0
Cash flows from investing activities
Restricted cash deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,175	3,675	3,175	3,089	15,525	0	0	0	-	-	-	-
Restricted cash withdrawals
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,192	-3,242	-3,013	-3,483	-14,700	-15,070	-16,544	-16,314	-2,640	-2,020	-1,839	-1,700	-1,622	0	0	0
Purchase of restricted certificates of deposit
-	4,981	4,776	5,029	8,389	8,312	8,812	9,698	6,338	9,966	10,387	9,856	9,856	6,370	2,089	1,182	2,720	2,165	3,575	3,575	2,037	1,410	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Maturity of restricted certificates of deposit
5,533	6,164	9,722	8,812	12,172	9,080	9,440	9,440	6,606	6,856	6,917	6,470	5,944	7,296	3,015	3,899	3,899	1,284	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of securities held to maturity
-	1,986	11,986	34,237	72,098	111,356	123,282	131,011	116,070	85,821	0	0	0	-	-	-	-	32,944	35,979	53,964	53,956	68,956	71,961	65,966	71,961	59,963	0	0	0	-	-	-	-	-	-	-	-
Proceeds from maturity of securities
-	20,025	39,299	90,733	122,736	136,716	0	0	0	-	-	-	-	27,001	30,001	42,001	54,004	54,004	54,004	60,004	60,002	60,002	63,002	63,002	60,000	63,000	0	0	0	-	-	-	-	-	-	-	-
Proceeds from sale of property, plant and equipment and railcars available for lease
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	14,447	15,677	21,986	11,682	0	0	0
Purchase of property, plant and equipment
8,483	5,573	4,370	3,743	2,763	2,185	1,461	998	853	967	1,389	5,510	11,695	13,846	13,608	15,317	14,838	16,699	19,715	16,320	13,599	11,802	9,283	7,908	6,474	17,317	19,036	20,985	21,278	9,088	7,363	4,620	2,809	1,830	0	0	0
Proceeds from sale of property, plant and equipment and railcars available for lease
0	-	-	-	-	2,458	2,458	600	228	119	0	0	0	-	-	-	-	7,654	15,408	21,262	21,191	13,661	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
State and local incentives received
-	-	-	-	-	-	-	-	-	1,410	0	0	0	-	-	-	-	15,733	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows used in investing activities:
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	33,159	-	46,159	15,355	19,549	-3,206	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net cash flows provided by investing activities
12,655	30,954	7,180	33,908	16,541	-10,946	20,746	-26,998	-41,342	-45,289	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-40,149	-52,539	-49,877	-53,425	-7,536	-3,744	5,287	10,193	0	0	0
Cash flows from financing activities
Stock option exercise
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	151	336	319	319	193	0	0	0	-	-	-	-	-	-	-	-
Employee stock settlement
9	59	60	59	59	118	121	127	127	23	22	21	22	78	76	75	1,006	1,052	1,052	1,056	131	225	257	255	254	98	0	0	0	-	-	-	-	-	-	-	-
Employee restricted stock settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Cash dividends paid to stockholders
-	-	-	-	-	-	-	-	-	3,351	4,466	4,464	4,461	4,455	4,449	4,444	4,440	4,419	4,035	3,650	3,263	2,896	2,894	2,892	2,890	2,889	2,886	2,882	2,879	2,875	0	0	0	-	-	-	-
Deferred financing costs
-	929	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reduction in customer advance for production of leased railcars
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,799	1,380	1,587	1,242	897	0	0	0	-	-	-	-	-	-	-	-
Net cash flows used in financing activities:
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-486	-	-18,918	-18,865	-22,796	-22,742	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows used in financing activities
9,542	9,212	9,201	9,202	-349	-128	-121	-1,243	-2,361	-3,374	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	15,744	16,438	-2,979	-2,938	-2,202	-1,487	-786	-72	0	0	0
Net increase (decrease) in cash and cash equivalents
-4,516	21,187	26,565	44,715	-255	-42,718	-37,331	-77,035	-32,812	-8,322	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (decrease) increase in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	9,682	-70,211	37,508	28,548	-30,464	68,543	-14,967	-42,145	-31,974	-32,543	-11,485	10,743	46,997	-69,675	-55,035	-55,312	-3,361	62,797	56,373	77,822	40,090	0	0	0
Supplemental cash flow information
Interest paid
324	196	170	65	65	68	68	63	67	72	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	60	-	137	137	126	78	79	82	103	143	214	288	342	317	255	222	166	201	0	0	0
Income tax refunds received
-	-	-	-	-	599	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	573	573	280	0	0	0	0	0	-	-	-	-	128	0	0	0
Income tax paid
-	-	-	-	-	-	-	-	-	-	-	-	-	4,668	14,978	17,510	17,062	13,371	3,230	729	699	220	51	20	581	581	0	0	0	-	-	-	-	-	-	-	0