TimkenSteel Corporation TMST Cash Flow

Timkensteel corporation (TMST)

CashFlow / Quarterly

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
Operating Activities
Net income (loss)
-19,900	-105,200	-4,600	-3,700	3,500	-17,900	1,400	8,400	-1,900	-21,400	-5,900	1,300	-5,300	-67,000	-22,200	-6,600	-9,700	3,200	-30,800	-24,300	6,900	-41,900	25,700	28,700	33,600
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities:
Depreciation and amortization
18,600	20,300	17,500	17,900	17,800	18,000	18,100	18,400	18,500	18,500	18,600	18,900	18,900	18,700	19,000	18,500	18,700	18,800	17,900	19,100	17,600	15,100	15,300	14,000	13,600
Amortization of deferred financing fees and debt discount
1,300	1,400	1,200	1,200	1,300	1,200	1,300	1,200	1,800	900	1,000	900	1,200	1,000	1,100	600	200	-	-	-	-	-	-	-	-
Loss (gain) on sale or asset disposals
2,300	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	500	0	400	-	0	0	0
Loss on sale or disposal of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-800	-	-800	0	-200	-	0	-1,500	200
Deferred income taxes
-200	14,300	2,100	0	200	-500	-600	0	300	-400	500	-100	300	61,700	-9,800	-6,400	-8,700	4,600	-18,200	-15,600	3,600	43,900	1,400	-15,500	0
Stock-based compensation expense
2,000	2,200	1,400	1,600	2,200	1,400	2,200	1,500	2,200	1,600	1,500	1,800	1,600	2,100	1,600	1,500	1,500	1,000	1,200	2,800	2,000	1,700	2,300	1,100	900
Pension and postretirement expense (benefit), net
8,100	-	-	-	1,800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pension and postretirement expense (benefit), net
8,100	35,600	-400	4,600	1,800	41,700	-1,400	-1,500	-1,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pension and postretirement expense (benefit), net
-	-	-	-	-	-	-	-	-	-	3,000	800	800	-	21,000	1,800	600	-38,400	7,800	6,500	8,600	97,600	5,900	3,700	0
Pension and postretirement contributions and payments
2,500	1,500	-1,200	1,100	2,400	700	-500	10,400	2,500	1,800	-200	1,100	1,600	1,800	-200	1,400	1,900	3,400	3,900	3,100	5,200	5,400	500	14,800	0
Reimbursement from postretirement plan assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	13,300	0	0	0	0	-	-	-	-
Changes in operating assets and liabilities:
Accounts receivable, net
16,300	-29,900	-39,000	-4,900	-12,100	-8,700	-1,500	-7,500	31,300	-10,800	7,100	5,600	56,300	-12,300	6,500	2,400	14,100	-25,800	-8,600	-51,400	-400	-36,400	25,100	0	29,000
Inventories, net
-41,200	-75,200	-25,400	-18,800	26,800	33,200	-9,200	41,700	28,800	17,000	20,200	8,400	26,700	8,800	-2,000	-3,500	-13,000	-24,900	-33,500	-47,700	-16,600	115,700	-34,300	-9,300	-2,500
Accounts payable
26,700	-6,100	-31,300	-19,600	-30,700	20,900	-39,000	6,800	35,700	-1,100	3,000	4,400	39,400	13,900	500	16,500	6,600	600	-12,900	-35,000	-23,400	-17,900	5,600	1,400	27,100
Other accrued expenses
5,700	-1,300	-2,400	-10,900	-11,400	2,100	7,000	300	-13,200	7,600	9,200	-1,400	2,900	200	5,500	-3,200	-10,700	2,300	-2,400	-100	-31,300	-6,300	34,100	-1,700	100
Deferred charges and prepaid expenses
300	-1,600	2,300	-800	-100	-1,200	2,400	-1,200	-400	-900	2,400	-1,300	300	-700	2,100	-2,700	-7,000	-5,000	100	2,000	-19,800	30,000	-2,400	0	0
Other, net
-1,300	-800	800	300	900	-3,000	-2,700	3,300	-1,400	-500	1,500	-1,500	1,200	700	2,700	-2,500	-3,500	1,100	500	0	1,600	15,200	-15,000	1,000	1,800
Net Cash Provided (Used) by Operating Activities
63,800	46,000	41,900	16,000	-33,600	46,900	1,700	-10,700	-19,400	19,800	-100	14,700	-26,300	18,900	7,500	27,900	20,100	43,300	1,600	47,600	14,600	25,400	13,000	10,100	45,400
Investing Activities
Capital expenditures
2,900	16,300	9,400	7,900	4,400	22,300	8,700	6,800	2,200	21,100	5,100	4,100	2,700	16,600	10,900	6,700	8,500	25,300	18,300	16,700	17,900	46,500	17,500	32,600	33,000
Proceeds from disposals of property, plant and equipment
7,800	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	0	0	100	100	200	0	0	0	0
Net Cash Provided (Used) by Investing Activities
4,900	-16,300	-9,400	-7,900	-4,400	-22,300	-8,700	-5,800	-2,200	-21,100	-5,100	-4,100	-2,700	-16,600	-10,900	-6,700	-8,500	-25,300	-18,200	-16,600	-17,700	-46,500	-17,500	-32,600	-33,000
Financing Activities
Cash dividends paid to shareholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	6,200	6,200	6,300	6,300	6,400	0	0
Purchase of treasury shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,100	12,300	300	4,700	30,600	4,100	0	0
Proceeds from exercise of stock options
0	0	0	0	200	0	0	100	100	0	0	0	200	0	0	0	0	0	200	200	1,100	0	5,800	0	0
Shares surrendered for employee taxes on stock compensation
200	0	0	0	1,000	0	0	0	700	0	200	0	1,200	0	0	0	0	-	-	-	-	-	-	-	-
Refunding Bonds repayments
-	-	-	-	-	0	0	0	30,200	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayments on credit agreements
30,000	20,000	35,000	5,000	5,000	30,000	5,000	5,000	65,000	-	-	-	-	0	10,000	105,000	15,000	5,000	5,000	20,000	20,000	0	0	30,200	0
Borrowings on credit agreements
0	0	0	10,000	30,000	0	0	25,000	130,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amended Credit Agreement borrowings
-	-	-	-	-	-	-	-	-	-	-	-	25,000	-	0	0	0	0	35,000	0	30,000	55,000	0	130,200	0
Debt issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	500	2,800	1,500	-	0	0	0	-	-	-	-
Debt issuance costs
-	-	-	-	-	0	0	0	1,700	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Net transfers to The Timken Company and affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	500	3,000	0	-8,600	12,400
Net Cash Provided (Used) by Financing Activities
-30,200	-21,000	-35,000	5,000	24,200	-30,000	-5,000	20,100	32,500	0	-5,200	5,000	24,000	0	-10,500	-21,500	-16,500	-6,400	11,700	-26,300	-400	18,100	-1,700	66,200	-12,400
Effect of exchange rate changes on cash
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Cash and Cash Equivalents
38,500	8,700	-2,500	13,100	-13,800	-5,400	-12,000	3,600	10,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes on cash
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0	0	0	0
Decrease In Cash and Cash Equivalents
-	-	-	-	-	-	-	-	-	-	-10,400	15,600	-5,000	2,300	-13,900	-300	-4,900	11,600	-4,900	4,700	-3,500	-3,000	-6,200	43,700	0