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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
May 31, 2017
May 31, 2016
May 31, 2015
Cash flows provided from (used in) operating activities:      
Net income $ 56.5 $ 47.7 $ 10.4
Less: Income from discontinued operations (6.3) (9.4) (84.3)
Income (Loss) from continuing operations 50.2 38.3 (73.9)
Adjustments to reconcile net income to net cash provided from (used in) operating activities:      
Depreciation and intangible amortization 52.9 51.1 58.0
Impairment charges     53.0
Amortization of stock-based compensation 11.0 6.7 7.4
Amortization of overhaul costs 18.1 20.8 23.2
Deferred tax provision (benefit) 0.6 4.8 (52.6)
Gain on sale of product line (2.6)    
Loss on extinguishment of debt   0.4 44.9
Changes in certain assets and liabilities, net of acquisitions:      
Accounts receivable (4.0) (14.1) (6.5)
Inventories (18.8) (24.6) (29.2)
Rotable spares and equipment on or available for short-term lease 2.3 (7.4) 6.6
Equipment on or available for long-term lease (82.5) (10.2) 6.2
Accounts and trade notes payable 14.1 19.9 3.0
Accrued and other liabilities 3.3 (30.2) 46.4
Other, primarily program and overhaul costs (20.4) (22.9) (0.1)
Net cash provided from operating activities-continuing operations 24.2 32.6 86.4
Net cash used in operating activities-discontinued operations (2.4) (0.5) (129.4)
Net cash provided from (used in) operating activities 21.8 32.1 (43.0)
Cash flows used in investing activities:      
Property, plant and equipment expenditures (33.6) (88.9) (42.1)
Proceeds from asset disposals 18.7 45.1 46.8
Payments for acquisitions (12.5) (4.8) (1.0)
Other (2.7) 1.0 3.5
Net cash provided by (used in) investing activities-continuing operations (30.1) (47.6) 7.2
Net cash provided from investing activities- discontinued operations   30.7 682.0
Net cash provided from (used in) investing activities (30.1) (16.9) 689.2
Cash flows used in financing activities:      
Short-term borrowings (repayments), net 21.0 60.0 (80.0)
Reduction in long-term borrowings (10.0) (70.6) (394.8)
Cash dividends (10.2) (10.4) (11.9)
Premium paid on early retirement of debt     (45.6)
Purchase of treasury stock (19.8) (18.8) (151.5)
Other 6.9 1.4 6.3
Net cash used in financing activities- continuing operations (12.1) (38.4) (677.5)
Net cash used in financing activities - discontinued operations     (0.6)
Net cash used in financing activities (12.1) (38.4) (678.1)
Effect of exchange rate changes on cash (0.5) (0.3) (2.6)
Decrease in cash and cash equivalents (20.9) (23.5) (34.5)
Cash and cash equivalents, beginning of year 31.2 54.7 89.2
Cash and cash equivalents, end of year $ 10.3 $ 31.2 $ 54.7