Rayonier advanced materials inc. (RYAM)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12
Operating Activities
Net income (loss)

-22,450

128,416

324,964

73,286

55,257

31,655

219,767

242,096

Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent

96,158

28,965

1,537

-

-

-

-

-

Adjustments to reconcile income (loss) from continuing operations to cash provided by operating activities:
Depreciation and amortization

153,275

145,957

96,646

88,274

89,189

85,607

74,386

60,909

Stock-based incentive compensation expense

7,000

13,000

9,000

7,000

9,992

8,738

6,230

8,227

Amortization of capitalized debt costs and debt discount

2,292

835

3,377

1,919

2,116

1,007

0

0

Deferred income tax expense (benefit)

-25,552

7,637

29,782

45,199

-9,757

-33,672

-31,161

-827

Net periodic benefit cost of pension and other postretirement plans

16,580

5,063

10,264

11,702

-

-

-

-

Gain on bargain purchase

0

19,071

316,555

0

-

-

-

-

Increase in environmental liabilities

16,384

7,285

256

-

-

-

-

-

Increase in liabilities for disposed operations

-

-

-

5,298

6,930

88,548

0

0

Impairment charges

-

-

-

-

28,462

7,184

0

0

Gain (Loss) on Extinguishment of Debt

-

-

-

8,844

0

0

-

-

Disposed operations impairment charge

-

-

-

-

-

-

-

0

Amortization of losses and prior service costs from pension and postretirement plans

-

-

-

-

14,702

9,113

8,398

7,134

Loss from sale/disposal of property, plant and equipment

-1,295

-3,186

-2,032

-2,422

-1,364

-2,123

-2,390

-2,319

Unrealized loss (gain) from foreign currency

-6,574

12,170

2,335

0

-

-

-

-

Other

3,332

-3,390

-1,304

3,429

-398

177

636

1,725

Changes in operating assets and liabilities:
Receivables

-14,443

31,532

2,574

-31,266

-696

-1,710

-6,380

-5,979

Inventories

-52,347

21,579

651

-7,041

-14,800

11,503

11,715

12,118

Accounts payable

-26,025

30,162

17,629

-2,048

-19,789

-4,365

-2,763

-9,019

Accrued liabilities

-20,034

4,864

-4,299

167

15,466

12,877

-1,077

736

All other operating activities

36,074

-9,597

18,838

4,338

-1,223

3,988

12,161

-1,502

Contributions to pension and other postretirement plans

11,593

12,153

13,763

13,135

3,116

1,446

-

-

Expenditures for environmental liabilities

6,444

11,852

5,795

9,772

6,275

5,659

0

0

Cash Provided by (Used for) Operating Activities-continuing operations

22,059

222,077

126,285

-

-

-

-

-

Cash Provided by (Used for) Operating Activities-discontinued operations

19,845

24,867

3,487

-

-

-

-

-

Cash Provided by (Used for) Operating Activities

41,904

246,944

129,772

232,225

201,658

187,752

258,038

305,213

Investing Activities
Acquisition of Tembec, net of cash acquired

0

0

210,164

0

-

-

-

-

Capital expenditures

102,807

128,786

74,955

88,703

77,424

74,791

96,008

105,406

Proceeds from sale of resins operations

0

16,233

0

0

-

-

-

-

Realized gain on derivative instrument

0

0

-7,780

0

-

-

-

-

Purchase of timber deeds

-

-

-

-

0

12,692

0

0

Purchase of land

-

-

-

-

-

-

0

0

Jesup plant cellulose specialties expansion

-

-

-

-

-

-

141,143

201,359

Other

-

-

-

-2,143

0

2,978

13,516

-1,513

Cash Used for Investing Activities-continuing operations

-102,807

-112,553

-277,339

-

-

-

-

-

Cash Used for Investing Activities-discontinued operations

155,309

-3,413

-87

-

-

-

-

-

Cash Used for Investing Activities

52,502

-115,966

-277,426

-86,560

-77,424

-90,461

-250,667

-305,252

Financing Activities
Borrowings on revolving credit and other facilities

91,158

0

680,000

-

-

-

-

-

Repayments of revolving credit and other facilities

86,000

0

0

-

-

-

-

-

Repayment of debt

114,331

45,270

729,958

71,031

77,100

79,200

0

0

Proceeds from Issuance of Convertible Preferred Stock

-

-

-

166,609

0

0

-

-

Issuance of debt

-

-

-

0

0

1,025,000

0

0

Dividends paid on common stock

8,569

15,058

12,693

11,840

11,816

5,926

-

-

Dividends paid on preferred stock

10,350

13,800

13,800

3,641

0

0

-

-

Net payments to Rayonier

-

-

-

-

0

956,579

7,371

-39

Proceeds from the issuance of common stock

0

451

14

388

-

-

0

0

Common stock repurchased

6,878

42,780

157

0

-

-

0

0

Excess tax benefits on stock-based compensation

-

-

-

-

-

-

0

0

Debt issuance costs

3,514

0

7,025

0

0

15,432

0

0

Dividends paid

-

-

-

-

-

-

0

0

Other

-

-

-

-798

8

823

-

-

Cash Provided by (Used for) Financing Activities

-138,484

-116,457

-83,619

79,687

-88,908

-31,314

-7,371

39

Change in cash and cash equivalents

-44,078

14,521

-231,273

225,352

35,326

65,977

0

0

Net effect of foreign exchange on cash and cash equivalents

-863

-1,790

853

0

-

-

-

-

Supplemental Disclosures of Cash Flows Information
Interest

-

-

-

-

38,189

19,567

0

0

Income taxes

-

-

-

-

31,667

34,588

0

0

Non-cash investing and financing activities:
Capital assets purchased on account

-

-

-

-

16,720

16,637

14,106

23,090

Capital lease obligation

-

-

-

-

0

0

-

-