REXNORD CORPORATION RXN Cash Flow

Rexnord corporation (RXN)

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
Operating activities
Net income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,600	5,600	4,500	11,200
Net income
28,600	48,400	56,700	46,700	47,300	25,100	-37,500	-600	-61,900	81,600	29,800	26,500	-	-	24,600	18,900	-600	24,300	22,600	21,200	32,500	2,200	37,100	12,000	39,900	28,600	-52,500	13,600	23,900	9,200	19,200	-2,200	-	-	-	-
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation
13,200	12,800	12,900	12,300	13,300	13,500	15,400	15,800	15,600	13,100	13,100	14,300	17,900	17,200	13,800	14,400	15,000	14,900	14,200	13,900	14,400	13,900	14,100	14,700	13,300	14,000	13,800	15,000	14,600	14,500	15,600	15,100	17,200	17,200	14,000	14,700
Amortization of intangible assets
9,100	8,800	8,800	8,700	8,600	8,400	8,500	8,800	8,800	8,600	8,000	8,200	8,400	8,600	10,500	14,600	14,300	14,600	14,200	14,300	14,300	13,600	13,700	13,500	13,000	12,700	12,600	12,500	12,400	12,400	13,300	13,000	13,300	12,700	12,400	12,500
Amortization of deferred financing costs
-	-	-	-	-	-	-	-	500	400	400	600	500	700	500	700	400	600	500	500	500	500	700	400	500	500	600	1,000	900	1,000	1,000	1,000	2,000	2,000	1,900	1,900
Non-cash asset impairment
-	-	0	0	-	-	82,000	44,000	800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on dispositions of property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-800	-200	300	100	3,100	-5,300	-800	0	-1,000	-200	-700	-400	-400	-100	-100	4,200	-400	0	-700	-100
Deferred income taxes
7,700	-2,700	1,400	-3,600	8,400	2,500	8,400	8,200	1,300	65,000	9,000	2,200	2,500	2,400	3,200	10,300	21,000	-8,300	-500	1,700	43,800	16,900	-9,400	-14,400	-2,600	-7,500	38,500	-800	8,000	-2,000	-2,000	16,900	20,300	3,800	-3,800	1,900
Other non-cash charges
-300	1,100	-1,600	-800	500	-400	-2,600	-3,600	700	-300	800	-3,500	-2,300	3,700	1,300	-1,700	-4,400	-1,800	-5,000	1,600	18,100	-5,800	-2,600	100	900	-2,400	3,000	-1,400	700	-2,300	7,500	-13,200	5,900	-2,600	-16,600	-1,500
(Gain) loss on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-129,200	-4,000	0	-2,900	0	-21,100	-10,000	0	0	-700
Stock-based compensation expense
8,200	5,900	5,900	6,900	5,300	5,500	5,800	6,000	4,600	5,100	5,400	5,400	3,600	3,800	3,700	2,300	1,700	2,000	1,900	1,900	1,600	2,100	1,100	1,600	1,700	1,800	2,000	1,500	1,700	1,900	1,900	1,600	1,000	600	900	1,200
Changes in operating assets and liabilities:
Receivables
54,300	-19,000	-2,900	-12,500	46,500	-31,200	17,700	-3,200	42,300	-24,300	21,100	-8,100	38,900	-20,700	1,200	-13,600	37,400	-27,000	-7,600	-4,300	27,900	-27,200	13,000	-19,800	47,700	-36,400	-2,800	2,800	56,500	-32,800	7,000	-10,400	43,000	-9,500	-32,900	33,200
Inventories
-34,500	4,400	-3,500	33,500	-28,700	13,700	-1,000	40,700	-37,500	-3,300	1,300	28,000	-27,600	-11,200	-1,100	17,400	-32,500	-9,100	100	3,800	-10,600	7,600	-1,100	19,300	-22,600	13,200	7,900	12,800	-28,800	8,200	14,700	18,700	-7,200	-1,800	9,200	3,200
Other assets
-21,400	5,300	12,700	200	-1,100	-4,800	2,200	-400	10,300	7,900	-2,900	1,300	2,000	-3,200	9,800	600	-6,200	4,400	-4,700	-1,000	-6,200	7,600	0	-1,500	1,600	900	1,600	2,700	-8,400	2,300	-5,800	4,400	-5,800	7,800	8,800	-100
Accounts payable
8,700	19,000	-19,300	-12,100	19,700	-4,900	-14,000	-2,100	18,800	-5,200	-8,800	8,200	16,100	-5,300	300	-16,400	14,500	-2,800	-1,300	-42,800	41,600	7,700	-2,400	-43,200	44,000	-10,200	-2,000	-5,800	29,200	-2,400	-6,700	-24,400	38,900	-4,800	5,700	-17,500
Accruals and other
23,900	-19,600	11,600	-26,700	38,800	-12,300	23,400	-14,000	28,100	-9,500	4,900	-6,300	15,300	-3,700	400	-1,900	9,000	-15,300	-10,400	800	12,400	10,900	6,900	-8,900	6,300	4,500	-19,800	-53,400	34,800	-25,600	23,400	-42,500	38,800	-11,000	-6,200	-25,700
Cash provided by operating activities
123,900	88,400	67,300	19,000	112,800	70,200	58,900	16,200	106,600	61,400	23,500	37,000	73,000	63,100	39,400	19,600	68,800	83,200	59,100	7,900	78,900	88,500	72,100	6,400	97,400	84,300	36,400	-27,300	95,400	40,600	46,400	-37,900	78,600	24,600	73,700	-37,600
Investing activities
Expenditures for property, plant and equipment
15,900	12,300	7,300	5,900	18,400	8,900	6,500	11,100	15,600	9,200	9,000	6,900	10,500	15,100	16,900	12,000	25,700	9,700	9,000	7,700	16,700	10,900	12,500	8,700	20,600	12,400	11,400	7,800	18,600	9,000	18,100	14,400	19,500	17,100	13,800	8,100
Acquisitions, net of cash acquired
59,400	0	300	24,800	21,400	0	2,000	0	-	-	-	-	0	0	-700	214,400	-	0	0	-1,100	76,200	34,300	0	27,700	0	77,600	30,000	4,400	-100	21,100	0	0	0	238,600	0	18,200
Proceeds from dispositions of long-lived assets
-	-	-	1,300	-	-	-	3,500	0	3,700	1,600	200	2,300	0	1,000	900	1,000	800	3,500	500	-5,200	5,700	0	0	-	-	-	-	600	600	900	4,600	0	0	5,600	0
Cash used for investing activities
-74,100	-11,400	-8,200	-29,400	-38,600	1,400	-8,500	-7,600	-139,200	-55,500	-7,400	-6,700	-8,200	-15,100	-15,200	-225,500	-24,700	-8,900	-5,500	-6,100	-88,900	-39,500	-12,500	-36,400	-20,200	-90,000	-41,400	-12,200	-17,900	-27,200	-26,900	-9,800	-19,500	-273,600	-4,800	-26,300
Financing activities
Proceeds from borrowings of debt
325,000	725,000	0	0	21,000	40,100	99,000	110,700	204,800	1,325,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	14,000	900	500	935,900	-50,300	75,000	0
Repayments of debt
300	829,900	1,500	3,900	96,300	45,100	100,500	127,100	188,700	1,619,300	4,000	4,200	23,500	1,781,900	0	99,900	4,800	4,900	4,900	4,900	4,900	5,000	5,000	4,900	10,200	5,000	1,931,300	1,900	5,100	800	4,800	302,500	758,000	2,300	1,000	700
Proceeds from borrowings of short-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,600	6,600	900	700	5,300	2,400	2,900	7,300	0	-155,100	165,500	0	300
Repayments of short-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,300	3,900	0	700	2,500	5,300	8,200	100	3,500	7,900	3,600	150,600	3,100	4,400	300	400	3,000	4,700	2,300	95,000
Payment of debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	800	15,200	1,100	0	1,600	100	300	9,700	2,200	0	1,300
Third party investment in non-controlling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	400	0	0	0	0	-	-	-	-
Repurchase of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	40,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Deferred acquisition payment
-	-	-	-	-	-	-	-	-	-	-	-	0	5,400	0	300	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of preferred stock dividends
0	5,800	5,800	5,800	5,800	5,800	5,800	5,800	5,800	5,800	5,800	5,800	4,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of tender premium
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	17,600	0	0	0	0
Proceeds from issuance of common stock, net of direct offering costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	458,300	2,100	0	0	0
Proceeds from exercise of stock options
19,200	9,900	2,100	4,800	1,300	1,600	2,100	2,900	3,900	500	1,800	1,000	1,400	3,200	300	6,100	5,100	0	0	0	100	200	400	400	300	500	1,000	300	0	0	1,600	700	0	0	0	0
Taxes withheld and paid on employees' share-based payment awards
0	1,900	0	5,700	0	0	2,800	400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit on exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,100	-100	0	1,000	700	200	3,300	1,600	1,900	1,500	1,900	500	900	2,600	7,000	7,600	0	0	0	0
Cash provided by (used for) financing activities
253,400	-122,700	-5,200	-10,600	-79,800	-9,200	-8,000	-19,700	11,400	-303,200	-8,000	-9,000	-8,700	182,400	300	-94,100	2,100	-9,800	-4,000	-44,600	-5,200	-8,800	-5,000	1,600	69,200	-6,500	-125,900	-147,100	-4,900	-1,300	25,600	146,300	12,200	106,000	71,700	-96,700
Effect of Exchange Rate on Cash and Cash Equivalents
-6,800	2,900	-5,900	300	1,000	-4,000	-1,000	-9,200	4,000	800	7,000	4,800	4,700	-9,600	800	-1,400	2,000	-2,800	-4,600	2,200	-9,400	-6,600	-4,600	700	-100	-1,500	2,400	-2,600	-1,000	200	2,200	-3,700	1,100	6,800	-10,600	1,400
Increase (decrease) in cash and cash equivalents
296,400	-42,800	48,000	-20,700	-4,600	58,400	41,400	-20,300	-17,200	-296,500	15,100	26,100	60,800	220,800	25,300	-301,400	48,200	61,700	45,000	-40,600	-24,600	33,600	50,000	-27,700	146,300	-13,700	-128,500	-189,200	71,600	12,300	47,300	94,900	72,400	-136,200	130,000	-159,200