ROWAN COMPANIES PLC RDC Cash Flow

Rowan companies plc (RDC)

CashFlow / TTM

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	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09
CASH PROVIDED BY OPERATIONS:
Net income (loss)
-347,400	-221,100	-97,900	-49,900	72,700	-63,700	-37,300	208,100	320,600	469,300	224,396	92,431	93,300	-357,936	1,065	-50,826	-114,900	261,734	194,037	244,037	252,576	256,949	232,628	199,219	180,602	171,632	337,862	754,286	736,841	749,025	622,387	247,444	279,995	283,539	294,760	300,427	367,504	0	0	0
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization
388,900	394,000	398,400	402,500	403,700	405,700	404,500	403,100	402,900	403,800	406,459	401,036	392,700	382,646	359,290	342,291	322,600	300,641	288,412	277,265	271,008	264,998	258,751	253,550	247,900	237,959	225,238	214,472	204,872	197,496	194,543	190,437	186,563	183,893	180,287	176,438	171,445	0	0	0
Equity in earnings of unconsolidated subsidiary
10,300	4,300	1,200	-400	900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Material charge - manufacturing inventories
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Deferred income taxes
-	0	0	8,000	-	0	0	-8,500	-	-22,300	6,271	-6,159	-1,100	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Pension and other postretirement benefits (income) expense
-9,000	600	2,800	13,200	12,500	7,100	10,600	12,700	15,000	23,200	27,724	30,956	34,000	30,185	28,466	26,774	25,100	27,915	59,166	45,512	32,010	90,107	41,195	39,723	39,484	4,361	20,322	20,845	20,115	-75,131	-69,953	-51,893	-33,960	-42,700	-43,766	-41,694	-39,664	0	0	0
Share-based compensation expense
24,000	28,900	27,800	26,500	29,000	28,200	29,300	33,200	34,600	35,000	34,730	36,610	33,600	35,096	35,403	32,143	34,500	30,516	32,528	33,948	33,931	32,019	29,911	27,173	24,808	27,932	22,856	22,343	22,088	18,512	19,528	17,533	15,578	14,793	14,079	13,020	13,034	0	0	0
Loss on disposals of property and equipment
-12,100	-5,100	-6,400	-7,300	-9,400	-12,700	-11,100	-9,900	-8,700	4,500	3,425	4,987	7,700	1,407	3,624	3,103	3,700	1,333	1,456	21,537	20,119	18,803	19,297	2,138	2,502	2,846	2,323	2,142	4,100	2,569	3,203	1,097	-788	1,987	1,012	1,176	5,748	0	0	0
Noncash loss on debt extinguishment
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset impairment charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,038	10,896	10,896	10,896	8,000	0	0	0	-	-	-	-	-	-	-	-
Cash loss on extinguishment of debt
-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
8,100	10,400	6,600	7,300	1,500	5,200	4,700	3,900	3,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables - trade and other
7,200	2,400	-78,500	-113,900	-82,900	-190,000	-233,900	-103,400	-109,200	-67,800	52,492	-76,247	-134,700	-1,948	75,108	119,457	200,600	85,631	25,841	-6,775	-30,784	39,122	84,833	77,395	105,762	51,478	29,641	56,667	-22,825	99,663	33,652	74,735	34,268	-300,980	-264,567	-260,008	-147,340	0	0	0
Inventories
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	104,468	11,955	10,718	670	-65,177	-130,599	-88,181	-96,683	-92,357	0	0	0
Prepaid expenses and other current assets
6,100	6,300	-15,000	-15,600	-14,200	-12,400	-13,200	-1,200	-9,200	-11,000	-7,510	-3,050	-600	-3,292	-11,671	-8,402	-16,300	-14,428	-15,170	-12,492	-9,583	-10,013	3,489	9,771	9,879	16,188	19,266	12,824	-303	1,868	-11,672	-57,395	-9,208	34,469	55,413	32,568	17,278	0	0	0
Accounts payable
2,800	26,700	-5,300	-900	1,900	-600	-14,100	16,600	-4,000	-23,400	19,719	-894	23,200	30,862	-2,096	-69	-20,600	-6,821	28,590	20,391	32,373	8,539	5,895	-5,399	-8,608	-17,116	-14,579	-2,290	44,784	35,967	27,263	40,174	-34,799	-13,851	4,404	-53,170	-134,648	0	0	0
Accrued income taxes
-12,300	-11,900	-20,400	-10,200	-3,800	-18,300	-13,200	-6,300	-3,400	21,000	21,691	3,500	10,600	12,501	17,063	7,978	4,900	-3,462	-5,811	3,458	-17,714	-184	-754	1,488	16,210	-220,708	-139,600	-3,886	-6,097	215,071	129,204	-27,186	-30,555	6,237	6,534	-6,560	-17,327	0	0	0
Billings in excess of costs and estimated profits on uncompleted contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	29,493	29,329	15,806	-5,964	-17,311	-32,605	-26,323	-33,811	-31,893	0	0	0
Other current liabilities
-25,100	-18,000	14,800	17,000	7,800	3,300	-26,900	-16,200	-27,200	4,500	-15,131	7,075	-11,900	14,602	42,312	36,862	72,900	29,875	23,810	300	-12,441	-16,594	-13,042	8,374	17,873	28,061	16,285	34,026	10,263	9,680	23,715	-8,380	6,381	3,809	14,984	10,977	3,209	0	0	0
Other postretirement benefit claims paid
1,400	17,600	17,600	18,000	18,400	3,300	4,800	5,800	7,900	7,500	6,942	6,285	4,400	4,471	4,643	4,321	4,100	3,840	3,290	3,483	3,470	3,520	3,737	3,954	3,811	3,788	3,607	2,985	2,926	8,250	6,689	5,141	3,588	3,710	3,522	3,438	3,495	0	0	0
Contributions to pension plans
24,200	25,500	28,500	29,000	29,300	30,300	26,300	25,300	22,500	16,500	14,902	14,125	11,400	11,549	31,053	48,727	54,800	54,502	41,082	25,059	18,860	18,903	16,179	19,762	42,055	41,986	49,656	48,567	53,394	160,123	135,213	119,167	57,266	21,047	10,823	9,040	36,248	0	0	0
Deferred revenue
5,500	-35,000	-67,500	-103,500	-112,800	-51,600	33,200	59,900	63,700	30,200	-17,413	-6,763	-3,100	16,412	3,385	-3,635	-18,300	-35,897	-17,341	-9,237	2,175	31,725	19,087	13,880	16,120	-3,746	13,602	25,272	41,428	98,303	65,008	45,270	14,048	-56,681	-73,389	-52,269	-34,688	0	0	0
Net changes in other noncurrent assets and liabilities
12,600	7,600	23,100	35,700	38,000	58,600	5,300	-6,100	-12,700	-10,200	19,915	25,758	15,300	25,481	29,492	22,517	27,800	-11,299	-39,665	-60,521	-60,446	-55,008	-23,163	-4,173	-15,250	-2,923	-33,635	-37,121	-29,649	-13,305	6,217	8,891	12,937	-2,650	93	-1,224	-487	0	0	0
Net cash provided by (used in) operations
-160,100	-53,600	115,400	206,900	299,800	477,100	674,900	848,500	929,600	1,033,700	943,580	917,234	999,100	881,678	722,205	587,243	423,000	431,366	538,359	600,520	623,176	596,239	465,230	433,607	393,709	156,172	111,591	44,090	94,679	355,890	443,776	632,220	508,162	415,412	529,449	456,630	544,094	0	0	0
CASH FLOWS FROM INVESTING ACTIVITIES:
Capital expenditures
169,200	138,900	120,200	105,100	100,600	107,700	110,500	115,600	117,600	136,600	170,902	241,535	722,900	1,265,586	1,787,302	1,939,947	1,958,200	1,519,561	1,095,952	1,027,864	607,311	574,331	693,138	659,116	685,256	928,655	877,469	1,294,639	1,517,674	1,329,107	1,631,921	762,124	490,560	489,721	145,735	562,328	566,383	0	0	0
Deposit on purchase of rigs
-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of note receivable from unconsolidated subsidiary
98,500	89,800	89,200	88,800	87,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from disposals of property and equipment
12,700	9,900	4,000	4,500	3,300	6,600	6,400	6,000	6,200	15,400	18,202	18,020	19,400	17,333	16,401	17,080	22,000	12,022	10,391	48,763	44,550	42,242	43,309	11,959	10,500	10,809	10,924	3,958	5,734	5,792	6,446	5,648	3,267	5,856	3,998	3,605	8,592	0	0	0
Decrease in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,449	-4,219	-15,265	0	0	14,840	15,265	0	0	0	-	-	-	-
Net cash provided by (used in) investing activities
-134,100	-122,700	-110,500	-120,300	-47,500	-126,100	-129,100	-109,600	-111,400	-121,200	-152,700	-223,515	-703,500	-1,248,253	-1,770,901	-1,922,867	-1,936,200	-1,507,539	-1,085,561	-979,101	-562,761	-532,089	-640,380	-636,536	-674,756	-922,904	-365,055	269,018	58,805	237,223	-177,849	-788,997	-520,239	-501,546	-562,503	-558,723	-557,791	0	0	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	793,400	793,380	793,380	793,380	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reductions of long-term debt
0	0	6,600	42,000	170,000	633,900	627,300	623,300	511,800	145,800	195,800	334,400	317,900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid
-	-	-	-	-	-	-	-	-	-	-	-	50,500	50,477	50,364	50,262	37,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issue costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	700	687	687	687	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of share options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,700	4,725	5,203	2,190	2,911	3,344	2,768	1,905	588	4,989	3,458	12,374	19,941	18,391	21,518	15,012	7,959	5,895	638	2,083	1,471	0	0	0
Shares repurchased for tax withholdings on vesting of restricted share units
5,200	5,200	4,800	3,700	5,700	4,500	4,600	7,500	5,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of borrowings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-536,364	-587,635	-587,635	-594,013	-109,815	-64,922	-64,922	-64,922	0	0	0
Excess tax benefits from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,518	-100	2,728	2,970	3,015	3,690	988	179	1,000	1,164	1,153	1,606	4,540	5,128	5,582	5,061	1,391	412	0	0	0	-	-	-	-
Net cash provided by (used in) financing activities
-11,200	-11,300	-17,400	-45,700	-175,700	-168,500	-162,000	-160,900	-46,900	-165,500	-228,080	-155,357	-150,600	-50,610	334	-47,883	759,600	775,023	788,310	799,718	8,421	616,439	515,411	879,667	866,202	202,462	207,774	-160,248	-152,110	-593,315	-165,539	-175,715	-190,125	297,789	430,132	431,447	430,950	0	0	0
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS
-305,400	-187,600	-12,500	40,900	76,600	182,500	383,800	578,000	771,300	747,000	562,800	538,362	145,000	-417,185	-1,048,362	-1,383,507	-753,600	-301,150	241,108	421,137	68,836	680,589	340,261	676,738	585,155	-564,270	-45,690	152,860	1,374	-202	100,388	-332,492	-202,202	211,655	397,078	329,354	417,253	0	0	0