Worthington industries, inc (WOR)

CashFlow / TTM
Feb'20Nov'19Aug'19May'19Feb'19Nov'18Aug'18May'18Feb'18Nov'17Aug'17May'17Feb'17Nov'16Aug'16May'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11May'11Feb'11Nov'10Aug'10May'10Feb'10Nov'09Aug'09
Operating activities:
Net earnings

112,330

122,990

103,860

163,273

157,155

205,904

209,734

200,850

228,576

189,230

197,475

217,937

220,093

215,285

191,169

157,628

125,115

67,727

73,431

87,256

88,278

155,734

152,619

160,152

160,921

154,041

158,323

136,835

159,231

150,298

131,877

125,353

125,504

125,440

128,122

124,034

107,152

62,719

69,085

51,507

0

0

0

Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization

93,512

94,357

95,286

95,602

98,016

99,729

102,487

103,359

98,626

94,965

90,327

86,793

87,104

86,188

85,090

84,699

84,508

85,509

86,162

85,089

83,296

81,742

80,637

79,730

78,096

74,936

70,942

66,469

63,383

60,988

58,006

55,873

54,426

55,562

58,089

61,058

63,480

63,794

64,580

64,653

0

0

0

Impairment of long-lived assets

80,664

46,037

46,037

7,817

0

0

0

-

-

0

-

-

-

-

-

25,962

28,306

109,906

101,179

100,129

120,656

39,056

55,555

58,246

40,343

40,343

9,559

6,488

0

0

0

-

-

-

-

-

-

-

-

-

0

0

-

Restructuring and other expense, non-cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

203

386

533

842

3,408

0

0

0

Provision for (benefit from) deferred income taxes

-5,719

-1,443

-4,997

17,435

3,278

-23,365

-27,237

-38,237

-11,524

23,458

26,357

18,443

23,368

25,081

12,914

7,354

-4,668

-49,324

-44,965

-39,960

-47,021

-10,409

-18,027

-25,916

-28,308

-23,095

-11,305

1,798

3,114

-4,044

-2,224

775

11,678

20,123

18,258

7,482

3,378

-9,270

-11,601

-6,110

0

0

0

Bad debt expense

789

717

606

659

469

285

294

11

155

97

288

269

261

489

255

346

560

327

472

259

356

268

310

32

-222

-12

295

783

709

949

317

339

445

344

1,260

1,236

2,082

2,834

-402

-900

0

0

0

Equity in net income of unconsolidated affiliates, net of distributions

15,222

11,613

-22,448

-7,347

8,086

4,386

15,616

13,352

9,809

13,900

19,676

8,023

13,131

12,497

20,062

29,473

20,449

20,398

10,822

12,299

15,334

13,715

16,408

15,333

65

5,954

9,505

10,948

21,986

13,147

3,308

1,019

10,665

17,660

22,602

19,188

12,571

11,664

13,142

12,007

0

0

0

Net gain on sale of assets

2,093

8,861

9,156

7,059

10,033

-1,136

9,232

10,522

6,100

2,788

-4,980

-7,951

2,004

7,264

10,206

12,996

6,943

511

-7,713

-3,277

-2,235

-178

9,380

11,212

9,517

10,660

5,851

-1,121

4,215

3,919

3,193

5,918

-247

1,087

-920

-652

1,021

-55

4,740

3,908

0

0

0

Net earnings attributable to noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Stock-based compensation

13,978

12,396

12,572

11,733

11,437

13,176

13,507

13,758

13,161

14,583

14,620

14,349

15,816

15,139

15,195

15,836

16,289

16,720

17,338

17,916

21,721

22,368

22,592

22,017

15,891

14,839

13,857

13,270

13,752

12,896

11,734

11,742

10,113

8,919

7,920

6,173

5,802

5,453

5,050

4,570

0

0

0

Loss on extinguishment of debt

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits - stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,178

8,002

8,801

9,714

8,880

10,749

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on previously held equity interest in Worthington Specialty Processing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on acquisitions and sales of subsidiary investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

891

0

0

0

Changes in assets and liabilities, net of impact of acquisitions:
Receivables

-33,070

-28,624

-74,918

-73,346

17,925

15,400

102,335

53,066

-15,646

33,144

-5,797

39,927

45,595

-9,812

-40,442

-66,117

-97,888

-92,278

-61,888

-32,011

23,293

58,599

44,109

49,206

23,276

34,720

11,660

-18,801

-586

-13,615

-11,698

-956

28,895

24,843

45,460

96,056

132,250

124,740

130,362

114,892

0

0

0

Inventories

-95,783

-91,705

-53,970

33,649

82,956

97,300

93,295

84,654

53,953

40,901

18,897

34,599

15,550

-24,007

-23,777

-66,351

-159,065

-113,059

-97,501

-54,108

22,352

51,817

89,742

38,010

25,212

2,110

-60,611

-77,115

-36,328

-20,437

-28,414

-17,310

5,264

-4,184

12,877

24,261

18,934

28,771

28,191

64,499

0

0

0

Accounts payable

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued compensation and employee benefits

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other operating items, net

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

-

-

-

-

-

-

-

12,402

-8,790

-325

5,034

-985

-1,049

4,881

-14,323

-18,327

-5,211

-21,442

1,257

15,295

18,239

12,732

3,428

2,921

-3,374

-977

1,349

-871

3,016

-6,528

-7,722

-8,478

-7,402

7,609

9,112

10,465

-48,156

-51,055

-30,650

-30,425

0

0

0

Other assets

-

-

-

-

-

-

-

1,258

3,128

1,482

-309

-1,905

-1,477

-684

3,726

4,530

8,033

4,402

-1,938

-1,617

-540

2,637

5,593

5,278

-1,313

-2,273

-2,225

-4,636

-5,483

-4,239

-5,715

-4,141

-3,928

-2,954

-1,494

-922

935

-1,197

-1,025

-205

0

0

0

Accounts payable and accrued expenses

-

-

-

-

-

-

-

105,984

-12,163

42,009

-2,360

67,492

104,495

28,515

21,615

20,180

-110,709

-84,205

-83,454

-83,190

-28,448

22,777

70,950

69,682

95,572

39,407

32,712

-47,483

-23,846

31,092

11,428

-45,847

-470

-21,888

13,235

31,098

131,313

70,526

63,940

125,613

0

0

0

Other liabilities

-

-

-

-

-

-

-

9,666

6,853

5,464

3,936

2,097

1,920

2,254

8,791

4,460

6,095

1,431

-6,561

-9,365

-7,184

-2,256

2,805

6,943

9,013

9,131

8,070

8,404

5,014

2,284

-46

1,689

3,021

4,671

4,997

6,947

-112

301

-439

-1,999

0

0

0

Net cash provided by operating activities

326,522

291,239

231,783

197,859

205,875

253,757

228,435

281,345

283,419

286,205

298,122

335,672

372,426

375,935

395,662

413,384

371,473

348,134

298,517

214,375

147,209

161,157

189,067

229,046

297,901

237,381

296,443

272,977

232,379

283,513

259,487

173,649

153,508

131,148

126,250

71,895

45,778

-33,420

-55,003

110,419

0

0

0

Investing activities:
Investment in property, plant and equipment

95,719

93,879

87,239

84,499

81,323

75,572

77,509

76,088

71,531

79,031

70,083

68,386

73,745

67,590

74,855

97,036

98,455

109,601

110,879

96,255

92,446

88,070

81,857

71,338

62,343

50,386

41,237

44,588

50,315

46,298

41,946

31,713

21,913

21,245

22,163

22,025

23,639

24,176

32,904

34,319

0

0

0

Investment in notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,987

7,300

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisitions

0

0

-

-

0

-

-

285,028

0

0

0

-

-

-

-

-

0

0

-

105,291

134,633

115,843

101,024

11,517

44,476

0

0

-

-

0

-

239,851

232,186

99,312

60,530

31,705

30,624

41,209

65,560

63,098

0

0

0

Distributions from unconsolidated affiliate

0

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-9,223

0

0

0

-

-

-

-

-

-

-

0

-

-

-

-

483

0

0

0

Investments in unconsolidated affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

0

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

0

Proceeds from sale of assets

10,711

38,435

38,582

49,683

52,859

25,019

41,161

21,311

21,206

21,205

5,692

5,422

868

1,297

9,823

9,797

19,187

22,277

13,873

14,007

7,832

4,891

20,056

27,438

25,060

25,032

18,036

16,974

38,791

41,417

38,633

37,089

28,448

25,453

23,513

20,614

7,978

7,980

18,073

15,950

0

0

0

Net cash provided (used) by investing activities

-125,193

-93,637

-2,366

11,475

30,629

7,048

-34,471

-337,405

-335,353

-342,854

-348,896

-62,964

-72,876

-101,231

-103,146

-127,040

-118,879

-150,944

-174,164

-203,069

-234,777

-209,993

-167,957

-46,194

-122,678

-75,150

-139,051

-201,976

-78,673

-180,396

-155,500

-188,596

-188,574

-102,050

-66,126

-39,277

-46,464

-58,152

-81,138

-81,950

0

0

0

Financing activities:
Net repayments of short-term borrowings, net of issuance costs

-

-

-

-

-

-

-

-948

-552

226

-1,113

-2,528

-30,599

-46,985

-18,449

-85,843

-91,325

37,676

9,981

79,047

87,650

-32,982

-51,522

-103,618

4,516

-527

3,701

-168,446

-262,420

-233,701

-202,312

97,626

160,638

102,352

44,096

132,956

-39,222

67,514

69,670

-980

0

0

0

Proceeds from long-term debt, net of issuance costs

0

0

0

-

0

-

-

197,685

0

0

0

-

-

-

-

921

6,837

27,317

0

-

0

0

-

-

-

-

-

150,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on long-term obligations and debt redemption costs

155,101

155,060

154,941

1,394

31,421

31,492

31,341

31,130

1,032

876

874

874

873

871

873

862

851

102,467

102,758

102,852

103,009

1,463

1,237

1,219

1,165

1,244

1,322

1,480

1,265

0

0

-

0

-

-

-

-

-

-

138,013

0

0

0

Payments for issuance of common shares, net of tax withholdings

8,971

8,646

5,493

6,371

3,558

2,873

2,937

2,120

21,715

10,099

6,528

9,075

-6,329

8,615

15,130

8,707

7,892

5,711

0

-

0

0

-

4,618

10,200

28,773

29,260

37,914

34,367

18,221

13,763

11,116

12,121

12,012

12,733

4,827

2,668

2,311

1,523

2,313

0

0

0

Payments for issuance of common shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits - stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,178

8,002

8,801

9,714

8,880

10,749

0

0

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to noncontrolling interests

0

0

-

10,726

10,326

10,326

9,515

7,915

7,276

14,057

0

-

0

0

-

9,106

10,418

15,412

13,848

13,379

13,886

41,198

42,073

40,969

41,742

11,220

0

-

0

0

-

9,494

11,663

10,991

10,992

10,992

9,073

8,196

5,595

4,539

0

0

0

Repurchase of common shares

90,065

97,279

160,860

168,113

173,345

192,176

196,043

204,267

0

0

0

-

-

-

-

99,847

132,793

157,236

134,871

127,360

131,555

119,522

117,773

128,218

0

0

0

-

-

-

-

73,418

109,792

109,792

105,214

132,764

0

0

0

-

-

-

-

Dividends paid

53,140

52,996

52,575

52,334

51,930

51,577

51,300

51,359

51,420

52,028

51,600

50,716

49,760

48,299

47,536

47,193

47,196

47,800

47,873

46,434

45,312

43,202

0

-

0

0

-

44,144

52,426

33,659

33,119

32,138

31,277

30,417

29,411

30,168

30,666

31,181

31,680

31,660

0

0

0

Net cash used by financing activities

-211,015

-218,369

-280,677

-238,938

-270,812

-289,992

-292,976

-100,054

-27,923

3,683

65,104

-78,815

-97,701

-126,878

-129,763

-233,223

-269,630

-266,373

-252,502

-170,318

77,150

36,318

4,762

-44,158

-159,696

-86,065

-66,824

-60,644

-151,613

-124,034

-110,381

-192

20,606

-36,162

-88,114

-35,467

-4,281

83,001

98,605

-25,772

0

0

0

Increase (decrease) in cash and cash equivalents

-9,686

-20,767

-51,260

-29,604

-34,308

-29,187

-99,012

-156,114

-79,857

-52,966

14,330

193,893

201,849

147,826

162,753

53,121

-17,036

-69,183

-128,149

-159,012

-10,418

-12,518

25,872

138,694

15,527

76,166

90,568

10,357

2,093

-20,917

-6,394

-15,139

-14,460

-7,064

-27,990

-2,849

-4,967

-8,571

-37,536

2,697

0

0

0