RELIANCE STEEL & ALUMINUM CO RS Cash Flow

Reliance steel & aluminum co (RS)

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	Dec'10	Sep'10	Jun'10	Mar'10
Operating activities:
Net income
62,900	166,300	163,900	184,300	191,600	87,300	150,300	233,100	171,100	303,800	99,000	104,800	113,400	62,900	50,600	102,100	93,500	68,900	52,800	91,600	102,900	93,700	96,900	97,800	87,900	62,300	96,000	81,900	84,500	80,800	99,400	110,200	117,900	69,100	86,300	100,200	93,600	40,800	49,300	62,800	45,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense
57,000	56,100	54,800	54,400	54,000	53,400	53,400	54,300	54,100	54,200	54,000	55,000	55,200	55,300	55,100	55,500	56,100	53,900	54,400	54,900	55,300	55,200	54,000	52,700	51,900	51,300	49,900	50,100	41,100	39,700	37,300	36,500	35,500	34,400	34,200	31,500	33,000	31,700	29,800	30,000	29,100
Impairment of long-lived assets
97,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for uncollectible accounts
3,800	-1,800	1,400	2,100	1,700	-1,000	1,300	3,500	3,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income tax benefit
-33,500	-	-	-	-100	-	-	-	-	-187,900	-2,600	-2,300	200	-1,000	-1,100	-700	2,300	-13,900	-1,200	-1,800	-200	-14,800	-1,900	-800	-700	1,900	600	-1,000	1,600	5,600	-300	-1,300	-1,200	-23,400	-1,300	-1,300	-1,200	45,600	-1,100	-1,300	-500
Gain on sales of property, plant and equipment
-	-	-	-	-	-	-	-	100	1,100	4,500	0	3,900	100	700	-100	500	300	1,600	200	100	11,700	200	500	500	100	200	-800	-200	-200	2,900	100	100	-	-	-	-	-300	0	-700	-100
Equity in earnings of unconsolidated entities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	700	600	300	600	500	600	500	600	500	400	700	500	-400	-100	700
Dividend received from unconsolidated entity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	100	300	1,900	400	300	300	1,400	1,900	300	300	0	0	0	300
Stock-based compensation expense
8,900	13,900	15,200	13,900	8,200	11,700	14,500	12,900	6,400	10,100	8,400	9,400	5,500	6,600	6,400	8,100	3,300	3,700	5,200	8,700	3,700	2,700	7,200	8,000	4,900	4,700	6,800	7,800	6,700	5,800	5,700	6,600	4,900	4,900	5,600	6,000	4,800	4,600	4,600	4,400	3,700
Tax deficit from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-100	-	-	-	-	700	400	600	2,300
Net gain from life insurance policies
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,200	-	-2,100	-100	-1,600	-3,300	600	-900	-600
Other
-9,700	-4,600	-3,300	100	-1,700	-16,600	5,500	2,900	-4,100	-2,800	700	-1,600	-4,000	-1,800	-3,400	-1,500	-1,000	-2,100	-2,600	-4,100	-1,000	10,900	-2,600	-1,900	-1,500	-1,600	-100	-1,100	1,600	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities (excluding effect of businesses acquired):
Accounts receivable
155,800	-192,300	-96,900	-69,600	180,700	-186,300	44,600	60,800	234,200	-82,500	-10,600	32,800	186,700	-75,600	5,800	25,900	80,300	-157,100	-40,400	-98,600	73,600	-116,700	25,900	10,400	177,600	-92,200	-66,400	-1,600	134,800	-183,700	-38,000	-45,000	143,600	-124,800	10,800	44,800	215,100	-80,500	24,300	45,300	157,600
Inventories
-12,400	-64,800	-115,800	-150,200	119,000	-263,400	20,200	162,200	169,800	-48,900	19,000	70,000	146,500	-65,100	-31,100	97,300	29,300	-150,000	-81,500	-132,900	57,600	-202,000	102,600	115,800	114,600	-49,600	500	-111,000	48,200	-135,600	-46,500	1,200	182,200	-63,600	-4,400	70,800	228,200	-78,700	23,200	52,400	125,000
Prepaid expenses and other assets
-68,300	27,800	-24,400	5,900	-41,200	23,900	-11,400	17,400	-15,900	24,100	-11,200	7,800	-9,200	8,500	-14,500	-3,700	-17,000	9,100	16,500	22,700	-23,100	14,600	-8,900	6,700	-43,900	21,300	7,300	20,000	-31,300	2,600	25,100	200	-9,000	6,500	-2,100	7,400	-34,600	14,600	10,300	-26,100	-22,700
Accounts payable and other liabilities
39,400	-152,500	15,200	-123,800	118,600	-136,100	-59,800	23,100	162,200	-90,300	21,700	-26,100	128,900	-24,700	-22,800	2,700	92,300	-103,700	-18,500	-73,600	116,900	-225,100	14,300	14,500	172,100	-137,800	17,800	-21,100	91,400	-121,800	47,800	-112,700	97,900	-52,000	-20,600	4,300	175,900	-103,300	59,000	-6,600	130,300
Net cash provided by operating activities
170,800	347,400	490,900	346,000	117,200	431,300	136,300	83,700	13,300	200,700	183,100	35,900	-20,700	238,900	182,400	49,800	155,400	308,700	252,400	292,500	171,400	193,200	53,300	40,700	68,800	120,300	229,100	211,700	72,200	333,100	247,600	84,400	-63,200	217,500	102,800	15,900	-101,400	166,400	83,200	18,800	-54,300
Investing activities:
Purchases of property, plant and equipment
55,500	59,400	58,900	70,900	53,000	87,300	54,000	56,800	41,800	43,500	45,300	38,700	34,100	44,300	38,900	37,300	34,400	52,800	42,300	45,800	31,300	56,000	47,500	58,000	28,900	49,300	44,400	47,500	26,800	76,600	50,600	52,200	34,600	43,700	46,400	30,500	35,800	45,600	26,400	16,300	23,100
Acquisitions, net of cash acquired
-	-	-	-	-	22,000	16,000	0	39,600	36,500	0	0	1,300	-300	26,600	31,500	290,900	-	-	-	-	-	-	-	-	-	-	-	-	83,900	700	72,300	10,000	-	-	-	-	-	-	-	-
Proceeds from sales of property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,500	3,900	2,600	200	-100	1,800	6,400	900	2,100	400	0	700
Other
-500	19,000	-4,900	-2,700	-4,300	11,900	-10,000	-5,100	-4,100	13,200	1,600	-3,800	-3,400	6,300	2,800	-4,900	6,200	10,300	-7,100	5,600	-4,100	-15,400	-1,000	-100	9,100	11,900	-1,600	-1,200	-7,300	-	-	-	-	-	-	-	-	-	-	-	-
Net investment in life insurance policies
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-38,500	0	-2,100	-1,800
Net proceeds from redemption of life insurance policies
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,100	-2,100	2,800	0	1,300	2,200	100	-	-	-	-
Net cash used in investing activities
-55,000	-247,200	-54,000	-69,200	-48,700	-92,000	-60,000	-51,700	-77,300	-79,600	-32,900	-34,900	-32,000	-47,100	-62,600	-63,900	-331,500	-56,100	-35,200	-51,400	-27,200	-103,800	-191,500	-31,700	-38,000	-80,600	-37,900	-841,000	-19,500	-167,900	-46,500	-125,700	-41,600	-68,100	-349,800	-21,900	-34,800	-101,000	-26,000	-14,200	-20,600
Financing activities:
Net short-term debt (repayments) borrowings
-	-	-	-	-	-23,800	-22,500	-3,100	1,000	4,800	300	7,100	-3,800	-700	1,600	-7,300	-6,200	2,800	3,100	5,700	1,100	-2,600	7,900	-3,900	300	-3,000	-700	-472,400	3,100	-35,100	1,300	-29,000	-400	-	-	-	-	-700	3,500	0	400
Proceeds from long-term debt borrowings
667,000	229,000	126,000	242,000	374,000	577,700	271,000	272,000	398,000	201,000	133,000	202,000	339,000	360,000	1,100,000	214,000	399,000	63,000	98,000	49,000	363,000	183,300	238,700	137,000	160,000	0	40,000	2,207,900	50,000	110,000	73,000	237,000	221,000	82,000	627,000	89,000	197,000	112,000	165,000	111,900	150,100
Principal payments on long-term debt
419,000	284,300	493,300	420,000	391,000	439,700	219,200	279,600	253,700	280,800	227,800	164,600	242,100	536,200	1,160,100	177,100	188,000	233,300	207,200	210,800	311,000	183,600	98,300	128,600	141,700	40,500	222,400	1,081,600	110,000	265,100	238,400	137,300	122,200	227,100	262,400	65,100	52,000	287,800	84,500	117,100	71,200
Dividends and dividend equivalents paid
41,900	38,000	36,800	36,900	39,600	34,800	35,900	36,100	38,500	32,700	32,800	32,800	33,700	30,900	31,500	29,000	29,000	29,400	29,300	29,700	31,700	27,000	27,300	27,300	27,100	25,500	25,400	23,100	22,900	18,900	18,800	11,300	11,200	9,000	9,000	8,900	9,000	7,500	7,400	7,400	7,400
Payment to noncontrolling interest holder
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	700	-	700	700	700	1,100	1,600	200	800	-	-	-	-
Excess benefit (tax deficit) from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-800	-	-	300	-100	-	-	-	-	700	400	600	2,300
Exercise of stock options
-	-	-	-	-	-	-	-	-	-	600	0	2,800	6,200	1,200	13,600	16,500	4,100	400	4,500	6,100	900	6,600	12,900	8,400	8,600	19,100	10,800	31,600	21,500	10,900	5,100	4,600	1,500	200	5,500	3,900	3,800	4,500	4,100	8,800
Share repurchases
300,000	-	-	-	-	354,800	80,100	700	49,300	-	-	-	-	-	-	-	-	41,600	113,900	28,800	171,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncontrolling interest purchased
8,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-5,500	-7,800	-1,600	-2,800	-8,800	-15,700	-1,900	-2,600	-2,600	-3,900	-2,000	-1,500	-1,800	-12,200	-500	-1,000	-2,600	-5,900	-1,200	-2,000	-2,300	-3,500	-1,000	-1,400	300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-107,400	-101,800	-405,700	-267,700	-65,400	-320,100	-88,600	-50,100	54,900	-140,000	-128,700	10,200	60,400	-207,000	-96,100	13,200	189,700	-240,300	-250,100	-212,100	-146,000	-82,500	126,600	-11,300	200	-60,700	-188,600	631,100	-49,700	-189,800	-172,900	64,100	91,000	-155,700	243,400	20,800	139,100	-180,300	81,200	-8,400	83,000
Effect of exchange rate changes on cash and cash equivalents
-10,600	9,900	-6,700	-1,200	2,300	-3,100	100	-3,000	100	3,100	2,200	1,500	3,300	-5,300	3,100	-3,100	2,600	-2,100	-4,900	1,300	-2,800	-	-	2,200	-1,000	-300	1,500	-1,100	-500	-	-	-	-800	-200	2,700	400	1,000	1,300	700	-1,100	1,200
(Decrease) increase in cash and cash equivalents
-2,200	8,300	24,500	7,900	5,400	16,100	-12,200	-21,100	-9,000	-15,800	23,700	12,700	11,000	-20,500	26,800	-4,000	16,200	10,200	-37,800	30,300	-4,600	5,500	-12,800	-100	30,000	-21,300	4,100	700	2,500	-23,000	27,000	23,600	-14,600	-6,500	-900	15,200	3,900	-113,600	139,100	-4,900	9,300
Supplemental cash flow information:
Interest paid during the period
6,000	25,800	10,400	33,200	13,600	33,400	10,900	30,700	9,000	28,300	8,100	28,000	8,100	34,400	5,700	36,200	5,100	35,500	4,300	36,900	5,300	36,000	5,900	35,300	5,200	35,800	8,500	25,500	4,400	23,100	6,600	23,800	5,200	23,600	7,400	23,500	2,900	29,200	6,000	24,900	2,100
Income taxes paid during the period, net
5,200	40,600	49,800	116,000	7,900	57,100	56,900	105,500	9,000	35,900	28,100	104,100	3,000	27,900	9,200	52,300	5,700	36,600	50,100	95,000	23,200	30,500	41,200	57,200	5,300	46,200	49,500	55,900	9,800	27,100	76,200	109,800	32,600	37,700	50,600	56,700	4,200	21,800	32,000	13,400	1,700