TransDigm Group Incorporated TDG Cash Flow

Transdigm group incorporated (TDG)

CashFlow / TTM

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	Dec'09
Net Income
0	0	-	-	0	0	-	-	-	792,791	596,887	598,097	589,666	575,844	586,414	573,419	511,909	481,120	447,212	419,794	336,859	316,320	306,910	276,682	337,160	314,742	302,789	306,628	320,419	334,034	324,969	304,498	270,332	244,597	172,134	155,374	143,100	125,329	163,445	0	0	0
Net income from discontinued operations
116,432	121,432	50,432	-1,531	324	-7,238	-4,474	-33,632	-34,266	-28,890	-31,654	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,909	0	0	0	-	-	-	-
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation
112,689	103,689	89,689	76,901	61,670	58,012	56,397	54,604	52,931	52,038	50,937	49,977	47,855	46,039	43,455	41,079	39,925	37,214	35,939	34,504	33,260	33,564	32,543	31,326	29,530	27,843	27,307	26,244	25,945	25,246	23,692	22,804	21,688	21,067	20,092	18,729	17,385	15,949	15,086	0	0	0
Amortization of intangible assets
180,011	156,011	136,011	104,953	80,565	76,193	73,447	72,879	76,995	81,578	90,088	95,668	90,986	87,478	78,215	69,918	68,429	60,868	57,724	55,107	54,251	60,764	63,842	66,895	59,932	52,059	46,208	41,172	43,026	42,651	44,535	0	0	0	-	-	23,128	15,216	15,079	0	0	0
Amortization of debt issuance costs, original issue discount and premium
31,034	30,034	28,034	26,147	24,534	22,809	22,128	21,755	21,530	21,805	21,106	20,030	18,717	16,999	16,211	15,519	15,514	15,630	15,797	16,026	15,452	14,849	13,935	12,974	11,397	11,222	11,933	12,258	13,769	13,724	12,544	11,754	10,958	10,376	9,842	9,139	8,432	7,782	7,578	0	0	0
Amortization of inventory step-up
56,927	72,927	76,927	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss contracts amortization
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Refinancing costs
26,013	25,013	3,013	4,026	7,645	5,283	6,396	9,781	5,967	8,836	39,807	36,076	51,385	47,878	15,794	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	72,454	0	0	0	-	-	-	-
Share-based Payment Arrangement, Noncash Expense
92,400	101,400	93,400	92,171	73,797	65,387	58,500	49,204	47,077	46,593	45,500	47,194	46,984	47,645	48,306	41,884	40,354	36,417	31,500	30,918	27,593	27,921	26,332	21,753	46,955	45,928	48,884	53,738	27,878	25,634	22,151	20,114	17,055	14,365	12,574	8,520	7,474	6,933	6,704	0	0	0
Excess tax benefits related to share-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	61,965	61,808	79,040	56,337	51,709	62,897	36,855	43,149	66,201	53,809	66,368	68,193	50,555	47,310	35,202	28,298	23,411	18,020	15,228	10,391	17,459	0	0	0
Deferred income taxes
2,349	2,349	349	-20,293	-7,952	-18,497	151,640	167,971	167,856	170,562	918	-1,589	-3,530	-4,714	-5,808	-1,265	2,244	-338	-660	3,005	-2,242	8,406	9,416	11,917	14,226	3,959	2,614	-29,656	-33,752	-30,758	-24,800	-3,448	-16,100	-1,970	-8,888	-9,360	7,782	-5,618	-1,900	0	0	0
Other, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in assets/liabilities, net of effects from acquisitions of businesses:
Trade accounts receivable
1,268	76,268	82,268	108,296	56,675	79,986	43,811	34,335	51,913	33,306	54,669	63,961	58,522	34,670	80,114	55,722	34,246	28,146	25,418	6,420	20,588	4,179	24,309	27,248	32,039	45,361	25,006	17,720	-892	4,382	1,957	22,081	29,597	14,541	14,993	8,735	11,644	7,313	17,721	0	0	0
Inventories
87,712	75,712	35,712	92,773	46,551	34,380	17,888	19,705	18,106	15,746	-5,127	-13,291	-20,357	-20,400	2,073	13,666	22,134	27,436	25,974	27,979	22,886	18,822	8,392	6,937	1,943	5,984	15,289	13,480	17,870	11,000	416	6,263	11,700	14,391	9,661	9,557	1,044	-2,426	-2,893	0	0	0
Income taxes receivable/payable
-91,667	-24,667	-2,667	20,031	25,513	37,693	36,161	37,731	21,161	47,539	18,219	16,521	15,015	-6,954	-12,299	14,950	57,302	40,632	65,418	56,970	51,732	52,066	56,595	42,565	49,698	76,679	65,510	28,898	54,798	32,257	34,097	47,594	-17,694	18,582	-22,259	-33,006	2,996	-8,568	13,094	0	0	0
Other assets
4,767	22,767	26,767	26,788	50,010	15,344	4,813	8,960	15,216	4,207	10,564	10,801	13,961	10,662	4,919	10,767	6,972	8,319	12,392	7,415	9,487	12,015	5,703	-1,159	-1,634	-1,266	-1,155	11,617	9,677	10,137	10,564	-2,240	1,400	133	2,692	2,453	-2,371	-4,412	-513	0	0	0
Accounts payable
-14,632	-18,632	-1,632	9,915	19,699	25,503	18,075	2,712	6,567	11,418	-10,354	8,104	3,463	-4,697	-6,657	-12,975	-2,836	8,093	13,480	20,752	9,648	-415	-2,415	8,342	1,923	3,142	23,510	-10,711	-1,353	7,644	-3,620	5,982	4,440	764	4,484	9,767	10,027	2,875	4,933	0	0	0
Accrued interest
36,052	63,052	-3,948	102,710	41,485	33,696	14,368	4,971	747	3,264	-958	-16,244	16,287	-14,556	17,933	-16,442	-21,858	-48,466	-3,934	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued and other liabilities
-118,753	-44,753	-60,753	-5,923	-23,311	1,983	-3,174	-33,961	-12,965	-32,346	-50,297	-40,168	-45,030	-45,038	-22,776	-23,278	-12,698	-21,989	-35,502	-37,492	-55,207	-5,576	2,740	69,316	41,042	23,088	21,738	1,559	-9,280	25,670	-5,791	-10,012	5,632	-18,195	12,475	-41,185	11,945	-28,348	1,259	0	0	0
Net Cash Provided by (Used in) Operating Activities, Continuing Operations
1,156,472	1,118,472	1,015,472	1,099,619	1,021,489	1,059,362	1,022,173	924,427	851,917	855,753	788,733	756,338	786,918	730,420	683,298	629,687	624,902	510,648	520,938	565,120	503,650	614,474	541,222	552,699	493,404	487,797	470,205	423,097	446,212	443,906	413,885	375,166	296,197	266,332	260,386	185,084	242,624	199,855	197,304	0	0	0
Capital expenditures
107,591	104,591	101,591	103,665	86,457	82,051	73,341	65,439	63,461	64,496	71,013	69,646	60,104	55,617	43,982	44,579	54,186	56,905	54,871	0	0	0	-	-	-	34,955	35,535	32,670	32,453	29,220	25,246	22,014	18,749	19,742	18,026	15,237	14,343	12,381	12,887	0	0	0
Payments made in connection with acquisitions, net of cash acquired
407,155	3,947,155	3,976,155	4,042,301	4,186,299	696,619	667,619	662,745	236,308	185,988	215,990	391,565	1,284,686	1,429,066	1,399,064	0	0	0	-	-	-	-	311,872	313,421	785,906	747,283	483,257	516,433	43,551	784,750	868,696	1,122,335	1,121,673	371,974	1,650,363	1,432,642	1,432,845	1,433,008	166,557	0	0	0
Proceeds in connection with the sale of discontinued operations, net
1,092,766	1,092,766	188,766	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash proceeds from sale of investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,350	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Provided by (Used in) Investing Activities, Continuing Operations
578,020	-2,958,980	-3,888,980	-4,146,269	-4,273,059	-721,287	-683,577	-590,803	-163,204	-250,484	-287,003	-540,906	-1,423,669	-1,484,683	-1,443,046	-1,518,365	-1,099,644	-1,681,183	-1,679,149	-1,342,493	-763,492	-65,787	-329,638	-328,543	-800,604	-770,888	-502,442	-520,953	-47,854	-791,320	-876,292	-1,144,349	-1,109,061	-120,355	-1,397,028	-1,173,633	-1,204,303	-1,442,504	-176,559	0	0	0
Excess tax benefits related to share-based payment arrangements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	61,965	61,808	79,040	56,337	51,709	62,897	36,855	43,149	66,201	53,809	66,368	68,193	50,555	47,310	35,202	28,298	23,411	18,020	15,228	10,391	17,459	0	0	0
Proceeds from exercise of stock options
103,875	87,875	81,875	81,241	78,278	64,293	57,583	43,752	35,137	24,819	21,177	22,838	30,073	24,868	30,112	34,012	34,936	63,175	61,674	65,071	56,438	31,236	26,738	21,337	18,037	18,886	21,534	17,618	21,313	17,748	15,710	14,401	10,305	9,731	9,208	10,813	10,648	8,772	6,361	0	0	0
Dividends and dividend equivalent payments
3,616,219	1,752,219	1,712,219	24,309	24,000	24,000	56,148	1,261,666	1,261,702	1,261,702	2,581,552	1,376,034	1,375,998	1,375,998	3,000	3,000	3,000	3,000	3,365	9,463	1,445,131	1,450,617	1,451,391	2,734,237	1,298,569	1,293,083	1,991,350	702,406	702,406	702,406	3,299	3,299	3,300	3,300	2,811	2,811	2,810	2,810	404,868	0	0	0
Payments for Repurchase of Common Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	207,755	207,755	207,755	70,775	0	0	0	0	-	-	-	-	-	-	-	-	846	0	0	0	-	-	-	-	-	-	-	-
Proceeds from Lines of Credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of Long-term Debt
-	-	-	-	-	-	12,174,305	13,391,443	2,085,448	2,084,178	1,284,698	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Redemption of senior subordinated notes due 2022, net
0	1,718,000	550,000	550,000	550,000	0	0	-528,847	-528,847	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Repayment on credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment on new senior secured credit facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Proceeds from 5.50% senior subordinated notes due 2027, net
-752	3,169,248	544,248	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	1,582,184	0	0	0	-	-	-	0
Proceeds from Issuance of Senior Long-term Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Proceeds from Issuance of Long-term Debt
-	-	-	-	-	-	12,779,694	14,584,790	2,598,041	2,598,863	2,937,773	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of 2018 Notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,041,894	0	0	0	-	-	-	-
Financing fees and other, net
-7,113	-113	-1,113	-2,114	-10,677	-10,470	-10,832	-16,698	-8,981	-17,790	-17,571	-12,048	-14,272	-3,636	-3,580	-2,626	-1,278	-1,312	-1,266	-898	10	10	-27	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Cash Provided by (Used in) Financing Activities, Continuing Operations
-1,891,647	3,695,353	2,271,353	3,907,686	5,072,608	1,146,587	1,085,600	548,486	-674,090	-729,952	-1,443,682	-913,442	1,011,211	923,680	1,632,467	1,639,993	695,432	966,768	1,054,947	966,491	180,488	53,910	43,973	235,526	102,432	139,311	156,195	64,071	80,490	541,849	527,186	523,749	508,974	-20,182	1,278,521	1,278,743	1,279,667	1,315,001	23,200	0	0	0
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS
-3,376	2,624	-3,376	2,403	-3,028	-5,507	-1,740	707	10,995	10,185	5,519	1,871	-1,086	-2,348	242	30	-1,194	-2,571	-2,251	-2,902	-3,818	-1,892	-749	280	435	273	258	239	-305	96	-438	0	0	0	-	-	-	-	-	-	-	-
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect
-160,531	1,857,469	-605,531	863,439	1,818,010	1,479,155	1,422,456	882,817	25,618	-114,498	-936,433	-696,139	373,374	167,069	872,961	751,345	219,496	-206,338	-105,515	186,216	-83,172	600,705	254,808	459,962	-204,333	-143,507	124,216	-33,546	478,543	194,531	64,341	-246,533	-303,856	125,592	142,071	290,862	317,988	72,352	43,945	0	0	0
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the period for interest
936,531	878,531	877,531	698,500	689,031	635,051	634,980	623,090	609,356	597,945	587,718	587,529	522,907	513,577	448,608	464,686	452,081	462,365	398,939	317,515	354,285	257,759	319,577	261,785	255,541	246,122	236,769	227,652	212,293	187,621	197,787	192,977	188,406	199,146	155,849	185,608	114,230	125,555	97,713	0	0	0
Cash paid during the period for income taxes, net of refunds
277,154	242,154	215,154	189,129	193,640	131,513	129,246	150,993	186,357	185,984	185,295	196,116	162,139	181,451	183,291	141,702	117,857	127,303	127,363	141,808	99,562	98,436	97,798	101,987	129,606	81,703	82,292	92,810	83,282	93,440	103,938	97,212	121,581	99,750	88,367	92,688	69,019	72,358	72,498	0	0	0