TimkenSteel Corporation TMST Cash Flow

Timkensteel corporation (TMST)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12
Operating Activities
Net income (loss)
-110,000	-10,000	-31,300	-105,500	-45,000	46,100	89,500	155,200
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:
Depreciation and amortization
73,500	73,000	74,900	74,900	73,400	58,000	50,000	46,200
Amortization of deferred financing fees and debt discount
5,100	5,500	4,000	2,900	300	0	-	-
Impairment charges and loss on sale or disposal of assets
-9,300	-900	-1,600	-1,200	-1,900	-2,600	-	-
Impairment charges
-	-	-	-	-	-	600	0
Impairment of Long-Lived Assets Held-for-use
-	-	-	-	-	-	600	-
Loss on sale or disposal of assets
-	-	-	-	-	-	-3,200	800
Deferred income taxes
16,600	-800	300	36,800	-25,600	29,800	-16,000	-7,100
Stock-based compensation expense
7,400	7,300	6,500	6,700	7,000	6,000	2,800	2,600
Pension and postretirement expense (benefit), net
41,600	37,400	24,700	83,400	-	-	-	-
Pension and postretirement expense (benefit), net
-	-	-	-	-15,500	107,200	0	0
Pension and postretirement contributions and payments
3,800	13,100	4,300	4,900	15,600	20,700	0	0
Reimbursement from postretirement plan assets
-	-	-	13,300	-	-	-	-
Reimbursement from postretirement plan assets
-	-	-	-	0	0	-	-
Changes in operating assets and liabilities:
Accounts receivable, net
-85,900	13,600	58,200	10,700	-86,200	17,700	11,800	102,300
Inventories, net
-92,600	94,500	72,300	-9,700	-122,700	69,600	-29,200	44,900
Accounts payable
-87,700	24,400	45,700	37,500	-70,700	16,200	-8,100	-50,200
Other accrued expenses
-26,000	-3,800	18,300	-8,200	-31,500	26,200	3,200	-11,300
Deferred charges and prepaid expenses
-200	-400	500	-8,300	-22,700	27,600	-300	100
Other, net
1,200	-3,800	700	-2,600	3,200	3,000	-200	-900
Net Cash Provided (Used) by Operating Activities
70,300	18,500	8,100	74,400	107,100	93,900	175,100	296,600
Investing Activities
Capital expenditures
38,000	40,000	33,000	42,700	78,200	129,600	182,800	167,200
Proceeds from disposals of property, plant and equipment
0	1,000	0	0	400	0	200	300
Other
-	-	-	-	-	-	1,000	100
Net Cash Provided (Used) by Investing Activities
-38,000	-39,000	-33,000	-42,700	-77,800	-129,600	-183,600	-167,000
Financing Activities
Cash dividends paid to shareholders
-	-	-	-	18,700	12,700	0	0
Purchase of treasury shares
-	-	-	-	15,200	34,700	0	0
Proceeds from exercise of stock options
200	200	200	0	1,500	5,800	0	0
Shares surrendered for employee taxes on stock compensation
1,000	700	1,400	0	2,100	-	-	-
Refunding Bonds repayments
0	30,200	0	0	-	-	-	-
Repayments on credit agreements
65,000	105,000	5,000	130,000	50,000	30,200	0	8,500
Borrowings on credit agreements
40,000	155,000	30,000	0	-	-	-	-
Amended Credit Agreement borrowings
-	-	-	-	65,000	185,200	0	0
Debt issuance costs
-	-	-	-	-	-	0	-
Proceeds from Convertible Debt
-	-	-	86,300	0	0	-	-
Debt issuance costs
1,000	1,700	0	4,800	1,400	0	-	-
Dividend paid to The Timken Company
-	-	-	-	-	50,000	0	0
Net transfers to The Timken Company and affiliates
-	-	-	-	500	6,800	-8,500	121,100
Cash received from Timken for settlement of separation
-	-	-	-	-	-	-	0
Net Cash Provided (Used) by Financing Activities
-26,800	17,600	23,800	-48,500	-21,400	70,200	8,500	-129,600
Increase (Decrease) in Cash and Cash Equivalents
5,500	-2,900	-1,100	-	-	-	-	-
Effect of exchange rate changes on cash
-	-	-	0	0	0	0	0
Decrease In Cash and Cash Equivalents
-	-	-	-16,800	7,900	34,500	0	0