Rayonier advanced materials inc. (RYAM)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14
Operating Activities
Net income (loss)

-24,527

-22,450

-38,548

13,605

81,911

128,416

410,858

388,593

339,777

324,964

41,373

47,268

62,035

73,286

74,558

85,282

65,629

55,257

19,237

6,354

11,229

31,655

0

0

0

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

155,394

153,275

151,949

147,780

144,938

145,957

138,465

124,681

111,855

96,646

88,125

89,269

87,730

88,274

87,829

88,250

89,514

89,189

88,885

89,867

86,710

85,607

0

0

0

Stock-based incentive compensation expense

5,000

7,000

9,000

9,000

14,520

13,000

12,511

10,988

9,206

9,000

8,508

8,930

8,630

7,000

7,680

8,013

7,967

9,992

10,417

10,237

9,721

8,738

0

0

0

Amortization of capitalized debt costs and debt discount

-

-

-

-

-

835

2,918

2,953

3,162

3,377

1,885

1,899

1,947

1,919

1,888

1,859

1,764

2,116

2,120

2,130

1,800

1,007

0

0

0

Deferred income tax expense (benefit)

1,401

-25,552

-45,958

-38,425

-10,615

7,637

42,031

49,343

33,335

29,782

27,754

29,136

40,222

45,199

40,959

18,764

4,563

-9,757

-49,204

-44,885

-37,084

-33,672

0

0

0

Net periodic benefit cost of pension and other postretirement plans

17,700

16,580

6,162

5,692

4,973

5,063

6,969

8,058

9,375

10,264

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Increase in liabilities for disposed operations

-

-

-

-

-

-

-

-

-

-

-

-

-

5,298

9,790

9,518

8,676

6,930

0

0

0

-

-

-

-

Gain (Loss) on Extinguishment of Debt

-

-

-

-

-

-

-

-

-

-

-

-

-

8,844

8,844

8,844

8,844

0

0

0

0

-

-

-

-

Unrealized loss (gain) on derivative instruments

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,817

13,431

14,114

14,702

14,478

13,914

11,412

9,113

0

0

0

Loss from sale/disposal of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,422

-887

-1,208

-1,218

-1,364

-2,236

-2,053

-1,973

-2,123

0

0

0

Unrealized loss (gain) from foreign currency

10,910

-6,574

1,649

-1,269

2,034

12,170

8,676

9,860

6,355

2,335

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other

3,084

3,332

1,959

250

-1,851

-3,390

-3,781

-3,873

-2,091

-1,304

-2,842

2,152

1,407

3,429

3,189

1,000

925

-398

20

66

-64

177

0

0

0

Changes in operating assets and liabilities:
Receivables

18,931

-14,443

-13,621

-15,610

11,506

31,532

7,251

6,689

-13,044

2,574

-1,257

4,668

-7,415

-31,266

-20,026

-9,219

5,984

-696

-28,550

-21,713

-28,296

-1,710

0

0

0

Inventories

-53,687

-52,347

-23,918

-26,929

-7,590

21,579

46,637

31,558

52,857

651

-13,576

7,344

8,288

-7,041

-2,178

-18,513

-18,630

-14,800

184

3,090

6,251

11,503

0

0

0

Accounts payable

-8,428

-26,025

-168

-2,807

-22,762

30,162

-2,513

14,405

38,704

17,629

8,146

15,988

7,107

-2,048

-3,169

-9,963

-12,222

-19,789

-5,368

-9,587

-15,527

-4,365

0

0

0

Accrued liabilities

3,362

-20,034

-9,330

2,604

7,314

4,864

-4,721

-21,531

-1,145

-4,299

-3,177

-2,766

-61

167

14,561

26,242

10,750

15,466

-1,849

-8,015

7,174

12,877

0

0

0

All other operating activities

52,998

36,074

-2,868

-13,873

-11,772

-9,597

35,357

45,645

37,624

18,838

1,668

2,902

5,918

4,338

4,584

-15,647

-7,955

-1,223

-10,294

3,034

-2,044

3,988

0

0

0

Contributions to pension and other postretirement plans

11,247

11,593

10,157

11,322

11,573

12,153

9,744

18,108

16,080

13,763

13,298

13,268

13,230

13,135

0

0

0

-

-

-

-

-

-

-

-

Expenditures for environmental liabilities

-

-

-

-

-

11,852

7,926

8,417

7,007

5,795

5,097

6,826

7,355

9,772

9,982

8,203

8,241

6,275

7,894

8,477

6,672

5,659

0

0

0

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash Provided by (Used for) Operating Activities

56,032

41,904

110,640

176,015

187,554

246,944

172,510

132,341

124,542

129,772

168,649

168,068

196,001

232,225

230,824

263,712

219,452

201,658

212,085

173,492

189,175

187,752

0

0

0

Investing Activities
Capital expenditures

84,637

102,807

119,498

125,062

130,536

128,786

120,974

106,207

90,420

74,955

74,320

82,650

81,850

88,703

76,225

74,503

73,274

77,424

74,234

65,414

77,616

74,791

0

0

0

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,978

0

0

0

Cash Used for Investing Activities-continuing operations

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash Used for Investing Activities-discontinued operations

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash Used for Investing Activities

71,298

52,502

-122,935

-112,242

-118,342

-115,966

-309,794

-308,678

-292,891

-277,426

-74,320

-82,650

-79,707

-86,560

-74,082

-72,360

-73,274

-77,424

-74,234

-67,925

-93,794

-90,461

0

0

0

Financing Activities
Borrowings on revolving credit and other facilities

60,750

91,158

88,627

86,000

38,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of revolving credit and other facilities

83,000

86,000

36,000

36,000

3,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of debt

113,777

114,331

21,058

38,464

45,949

45,270

759,701

740,095

729,454

729,958

8,598

26,431

28,464

71,031

91,831

86,831

101,832

77,100

54,200

116,300

99,200

79,200

0

0

0

Dividends paid on common stock

3,474

8,569

12,597

16,127

16,215

15,058

17,599

17,226

16,631

12,693

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid on preferred stock

6,900

10,350

13,800

13,800

13,800

13,800

13,800

13,800

13,800

13,800

13,991

10,541

7,091

3,641

0

0

0

-

-

-

-

-

-

-

-

Net payments to Rayonier

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

956,579

0

0

0

Proceeds from the issuance of common stock

-

-

-

-

-

451

466

356

135

14

0

0

0

-

-

-

-

-

-

0

0

-

0

0

0

Common stock repurchased

1,506

6,878

30,826

34,077

45,540

42,780

17,788

14,539

3,066

157

-234

117

60

0

0

0

0

-

-

0

0

-

-

-

-

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash Provided by (Used for) Financing Activities

-151,421

-138,484

-25,655

-52,359

-86,174

-116,457

-135,447

-112,329

-89,841

-83,619

-34,816

117,259

118,744

79,687

62,569

-98,679

-113,729

-88,908

-65,659

-51,852

-17,760

-31,314

0

0

0

Change in cash and cash equivalents

-24,091

-44,078

-37,950

11,414

-16,962

14,521

-272,731

-288,666

-258,190

-231,273

59,513

202,677

235,038

225,352

219,311

92,673

32,449

35,326

72,192

53,715

77,621

65,977

0

0

0

Net effect of foreign exchange on cash and cash equivalents

-1,228

-863

-5,264

-1,119

-4,123

-1,790

-472

-223

2,158

853

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental Disclosures of Cash Flows Information
Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36,217

37,096

38,477

38,189

38,694

38,584

21,557

19,567

0

0

0

Income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,289

20,909

31,238

31,667

40,374

47,687

34,281

34,588

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22,150

22,597

13,788

16,720

20,431

22,746

12,417

16,637

0

0

0