TRIUMPH GROUP INC TGI Cash Flow

Triumph group inc (TGI)

CashFlow / Quarterly

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	Sep'09	Jun'09
Operating Activities
Net Income (Loss) Attributable to Parent
-13,846	42,701	18,088	-199,612	-30,945	-14,676	-76,534	-304,830	-113,252	-5,378	-1,931	-126,824	29,331	34,807	19,734	-1,083,655	-88,648	61,611	62,732	82,839	-39,832	67,447	128,243	42,304	35,393	49,516	79,043	65,602	75,222	80,191	76,332	106,251	65,903	58,488	50,215	52,343	44,644	41,540	11,372	24,672	5,600	19,451	18,039
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
29,843	30,219	44,050	35,555	37,404	38,133	38,812	39,050	39,319	40,868	39,131	41,866	44,332	45,286	45,462	50,618	41,028	42,575	43,534	41,950	39,808	39,014	37,551	43,996	44,103	38,244	37,934	33,362	32,331	31,998	31,815	30,660	30,131	29,466	29,467	32,128	25,652	26,221	15,656	13,560	12,485	14,297	14,076
Amortization of Acquired Contract Liabilities
16,597	22,617	16,939	18,545	14,731	16,804	17,234	33,286	34,491	27,898	29,473	31,973	29,206	30,476	29,349	32,435	34,426	30,404	35,098	36,401	15,500	14,865	8,967	8,256	14,258	8,965	11,150	5,870	6,219	6,562	6,993	8,180	4,994	5,770	7,740	10,389	9,244	8,722	859	-	-	-	-
(Gain) Loss on Disposition of Business
-60,019	7,965	-3,136	-217,464	0	-13,118	-4,719	-10,370	0	-20,371	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accretion of debt discount
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,577	75	1,579	147	145	141	139	135	133	130	127	1,203	3,069	2,319	1,827	1,799	1,664	1,617	1,585	1,500	1,494
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-2,863	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other amortization included in interest expense
2,159	4,997	1,958	1,959	1,959	2,965	1,887	1,886	1,972	4,556	3,263	1,483	1,494	1,292	1,284	980	979	976	969	953	927	932	5,323	970	3,589	1,079	1,064	951	876	866	945	851	802	887	7,061	1,148	1,130	1,174	753	615	496	458	382
Provision for doubtful accounts receivable
-508	469	671	-1,117	410	226	-14	123	203	-205	-363	188	238	-17	-207	356	392	1,542	-294	19	208	-15	-40	599	353	561	678	200	169	591	1,014	618	63	220	381	-99	163	230	-142	464	-8	211	106
Provision for deferred income taxes
-7,051	11,852	3,307	-7,939	0	0	0	-18,676	-24,010	638	-1,060	-9,223	2,806	10,901	4,996	-120,989	-39,018	21,242	20,463	36,184	-31,214	29,201	71,106	21,265	17,894	21,786	41,924	52,145	43,551	46,611	44,460	56,921	36,867	33,455	26,210	20,531	60,259	806	487	5,959	-2,856	3,229	1,192
Employee stock-based compensation
2,955	2,864	2,426	1,750	2,781	3,266	2,462	1,812	2,719	3,459	-41	1,782	2,164	2,020	1,956	749	-82	1,198	792	64	-848	1,060	996	958	1,432	935	1,328	1,513	1,692	1,630	1,532	1,236	1,355	1,199	1,198	1,184	956	841	641	712	814	814	880
Changes in assets and liabilities, excluding the effects of acquisitions and dispositions of businesses:
Trade and other receivables
-42,842	11,811	-41,247	98,397	-13,391	32,320	-27,598	73,112	-13,926	-13,946	54,380	-15,628	5,897	-53,399	-55,413	-40,532	-63,496	-2,647	33,592	60,931	-72,493	-142,908	84,970	35,964	26,618	25,878	-42,082	99,854	-82,930	33,525	-75,167	89,400	-18,122	-1,590	12,374	98,632	-20,280	-28,107	-34,370	49,024	-15,705	-11,360	-15,787
Contract assets
-19,117	-31,163	-2,767	-58,951	-111	-29,350	23,221	21,438	-36,710	-3,314	24,070	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories
25,957	-14,816	56,623	-45,633	11,582	19,148	30,833	9,327	124,821	147,512	-118,243	-50,736	83,028	116,772	123,589	-660,408	92,523	107,778	166,590	-867	-121,789	30,999	49,274	-13,835	20,805	14,802	72,569	20,621	45,915	22,793	50,696	-18,367	29,200	75,809	-39,155	-16,873	26,589	-384	11,713	-19,793	-14,810	3,093	1,318
Rotable assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	311	284	1,564	2,099	1,395	5,024	-1,705	-2,522	-337	311	865	1,529	803	1,182	4,692	-180	886	-291	606	-166	-640	136	605
Prepaid expenses and other current assets
4,894	-3,488	-12,721	4,759	4,303	-2,020	-3,898	2,863	4,301	-2,174	-751	4,120	1,125	-1,905	-15,096	8,515	3,889	-873	-4,573	1,915	-99	-1,017	-2,388	2,350	2,603	-1,322	-3,225	3,403	-9,137	4,740	242	4,504	-6,105	6,846	-424	-11,400	-4,884	3,327	-454	1,649	-799	209	2,763
Accounts payable, accrued expenses and other current liabilities
-22,606	-85,686	-35,426	872	28,821	-124,801	23,341	9,512	192,910	-73,200	-172,918	282,792	14,537	-38,350	-47,419	145,700	-54,932	-12,470	-24,384	164,383	-80,447	104,888	-93,657	41,997	-36,025	8,309	-74,490	43,612	-40,873	-23,588	-37,012	37,110	5,015	-19,103	-5,418	62,373	-132,791	78,091	-34,804	23,196	-12,212	-7,669	-19,057
Accrued pension and other postretirement benefits
-14,579	-16,322	-15,792	-24,761	-18,129	-18,330	-18,691	-21,096	-21,319	-24,842	-21,207	-27,199	-23,872	-24,383	-24,558	-26,911	-21,099	-19,558	-19,991	-72,509	-17,989	-27,435	-62,636	-17,484	-13,405	-32,582	-37,458	-15,411	-54,173	-39,800	-33,591	-26,038	-45,307	-47,920	-37,846	-	-	-	-	-	-	-	-
Changes in discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	315	-556	155	-14	-271	123	-447	-15,905	-978	-4,443
Other
1,016	-594	573	-7,610	1,124	-5,536	1,904	2,594	-1,082	3,680	3,133	914	7,539	-8,413	2,854	9,310	-3,258	-7,481	4,367	294	-2,366	2,402	-1,872	-2,342	1,073	2,908	1,579	1,639	-1,494	-335	548	-2,377	-1,777	296	1,585	1,671	-2,508	6,068	-5,515	-2,670	571	378	172
Net Cash Provided by (Used in) Operating Activities
49,881	-15,611	5,018	18,696	4,063	-131,465	-65,714	-90,615	100,786	-200,017	-99,048	454,173	-41,415	-47,201	-84,035	258,582	3,736	-30,065	-148,390	157,368	51,549	310,467	-52,052	101,793	-10,278	31,740	11,882	90,293	97,710	30,368	102,547	84,262	82,409	-30,141	91,251	27,558	-2,962	95,043	22,665	43,198	53,192	40,774	32,484
Investing Activities
Payments to Acquire Machinery and Equipment
10,255	8,905	8,090	12,275	10,570	12,054	12,200	10,118	9,157	10,690	12,085	18,709	9,156	11,244	12,723	16,684	25,235	20,112	18,016	24,834	26,096	35,997	23,077	44,617	42,532	63,036	56,229	37,234	28,463	24,088	37,105	35,058	24,762	18,485	15,664	21,334	27,463	24,288	16,940	9,899	7,721	6,972	7,073
Payments for (Proceeds from) Businesses and Interests in Affiliates
-50,530	-1,996	2,570	-	-380	-40,373	-664	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reimbursement Revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-4,049	-2,168	-2,869	-2,552	-576	-2,021	-7	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of assets
-	-	-	-	-	-	664	-	530	66,531	1,351	-	13,141	9,096	948	4,233	275	1,007	554	1,300	675	541	651	33,274	60	1,392	10,321	3,053	480	460	0	235	1,073	4,682	2,768	234	2,847	922	210	86	16	421	92
Acquisitions, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	0	0	0	-9	96	47,969	0	5,986	-199	-111,983	13,000	60,901	0	63,127	0	31,329	208,650	140,982	0	0	-246	7,500	-20,005	800	0	0	0	333,228	25,118	550	4,855	970
Net cash used in investing activities
40,275	-6,909	-10,660	193,955	-10,190	28,319	-11,536	1,734	-8,627	55,841	-10,734	44,293	3,985	-2,148	-11,766	-12,547	-72,929	-19,105	-23,448	-23,235	86,562	-47,903	-83,327	-11,343	-101,550	-59,476	-74,368	-240,279	-168,389	-21,607	-37,098	-31,369	-31,189	6,431	-13,696	-21,100	-24,616	-23,366	-349,958	-34,931	-8,255	-11,406	-7,951
Financing Activities
Line of Credit Facility, Increase (Decrease), Net
67,385	117,615	30,000	115,953	1,707	-106,587	-113,186	-62,888	67,393	31,568	-118,961	426,121	-63,725	-78,305	-174,091	253,704	-79,354	-69,553	-96,541	63,757	50,814	191,113	-259,534	79,903	8,146	-32,671	-153,935	221,722	-79,280	6,383	75,326	32,862	38,746	-36,913	-269,695	19,575	-201,720	182,145	-85,000	0	85,001	29,999	12,730
Proceeds from issuance of long-term debt and capital leases
24,980	540,400	5,600	9,600	20,300	5,654	19,046	12,743	20,700	510,800	0	-	-	-	-	2,900	23,600	9,365	98,932	114,448	51,552	19,455	323,505	15,158	387,257	23,588	25,000	450,069	6,967	11,500	59,599	16,853	15,600	9,800	50,000	50,001	49,999	5,400	740,705	14,052	172,477	375	26
Proceeds from equipment leasing facility and other capital leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	7,273	6,669
Repayment of Long-term Debt, Long-term Lease Obligation, and Capital Security
17,750	384,875	30,572	40,414	14,188	5,061	53,762	18,112	12,215	323,778	33,268	48,400	21,910	26,845	46,989	13,462	23,248	28,181	16,026	113,976	114,541	37,120	390,223	6,476	261,943	23,040	125,186	73,625	12,860	13,808	42,045	37,338	29,499	21,910	395,791	28,994	1,379,378	-1,257,909	595,389	2,606	2,417	6,670	2,118
Payments of Financing Costs
1,270	16,171	104	41	19	1,858	64	0	609	9,960	7,160	22	2,933	390	10,689	14	28	72	71	628	346	319	5,194	10	2,815	115	357	6,526	68	178	2,066	72	24	33	3,870	22	45,431	-44,834	22,171	67	4,352	3,919	6
Payments for Repurchase of Common Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	299,014	-21,616	-41,975	-51,043	19,134	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of Dividends
2,004	2,003	1,998	1,996	1,994	1,993	1,988	1,987	1,986	1,986	1,984	1,983	1,982	1,981	1,981	1,973	1,973	1,972	1,971	1,978	2,032	2,034	2,056	2,098	2,097	2,080	2,069	2,004	2,004	2,000	1,997	1,979	1,977	1,962	981	969	4,241	-2,304	668	666	667	666	667
Repayment of governmental grant
-	-	-	-	-	-	-	-	-	-	-	0	0	-7,285	-7,285	0	-5,000	82	-82	0	0	0	-3,198	3,200	156	100	0	-2,090	0	0	1,000	-2,180	0	0	0	-	-	-	-	-	-	-	-
Payment, Tax Withholding, Share-based Payment Arrangement
131	5	1,043	215	97	16	532	114	35	38	296	0	0	11	171	0	0	0	96	0	0	0	673	0	0	0	2,726	0	0	0	1,840	1	0	126	482	0	3,722	-3,664	1,803	0	0	0	470
Proceeds from exercise of stock options, including excess tax benefit of $4,628, $1,880, and $150 in 2013, 2012, and 2011
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	332	32	0	356	0	149	71	109	4,742	1,754	17	253	1,774	2,273	30	644	244	1,773	372	645	348	200	0	819
Net cash (used in) provided by financing activities
-63,560	19,731	-58,117	-149,019	2,295	103,313	75,886	55,418	-61,538	143,470	76,253	-465,027	37,101	54,493	106,976	-266,253	72,705	48,775	177,227	-135,305	-137,765	-253,106	131,008	-89,263	112,561	31,195	48,706	148,844	73,069	-10,852	-62,422	-55,805	-52,373	22,712	-80,785	-1,010	3,790	-50,732	206,319	-2,881	80,240	-33,606	-8,477
Effect of exchange rate changes on cash
2,146	-1,286	-121	511	-731	5	-1,400	4,894	98	-2,593	864	733	-425	-228	-860	-488	-911	-187	1,665	-392	469	-1,557	838	2,396	2,239	455	272	-273	411	746	-693	-108	-915	-677	327	617	-360	760	-538	-452	134	357	320
Cash and Cash Equivalents, Period Increase (Decrease)
28,742	-4,075	-63,880	64,143	-4,563	172	-2,764	-28,569	30,719	-3,299	-32,665	34,172	-754	4,916	10,315	-20,706	2,601	-582	7,054	-1,564	815	7,901	-3,533	3,583	2,972	3,914	-13,508	-1,415	2,801	-1,345	2,334	-3,020	-2,068	-1,675	-2,903	6,065	-24,148	21,705	-121,512	4,934	125,311	-3,881	16,376