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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Nov. 30, 2011
Nov. 30, 2010
Cash flows from operating activities:    
Net income $ 34,181 $ 30,488
Adjustments to reconcile net income to net cash provided from (used in) operating activities:    
Depreciation and amortization 34,939 28,804
Amortization of stock-based compensation 6,125 5,828
Amortization of debt discount 6,502 6,051
Deferred tax provision 5,590 2,555
Tax benefits from exercise of stock options (765) (15)
Gain on extinguishment of debt   (97)
Earnings from joint ventures (464) (2,557)
Changes in certain assets and liabilities:    
Accounts receivable 532 (14,191)
Inventories (60,218) (16,951)
Rotable spares and equipment on or available for short-term lease 441 (10,926)
Equipment on long-term lease 24,106 (129)
Accounts and trade notes payable 20,860 14,814
Accrued and other liabilities (7,789) (4,667)
Other, primarily program and overhaul costs (59,241) (9,195)
Net cash provided from operating activities 4,799 29,812
Cash flows from investing activities:    
Property, plant and equipment expenditures (55,153) (59,930)
Proceeds from disposal of assets   21
Company acquired, net of cash (19,522)  
Proceeds from aircraft joint ventures 1,566 4,694
Investment in aircraft joint ventures (938) (4,483)
Other (278) (1,381)
Net cash used in investing activities (74,325) (61,079)
Cash flows from financing activities:    
Change in short-term borrowings 50,000 14,991
Proceeds from borrowings 13,155  
Reduction in borrowings (10,878) (10,482)
Reduction in capital lease obligations (6,742) (881)
Reduction in equity due to convertible bond repurchases   (236)
Cash dividends (6,052)  
Purchase of treasury stock (3,659) (2,539)
Stock option exercises 2,897 347
Tax benefits from exercise of stock options 765 15
Net cash provided from financing activities 39,486 1,215
Effect of exchange rate changes on cash 477 2
Decrease in cash and cash equivalents (29,563) (30,050)
Cash and cash equivalents, beginning of period 57,433 79,370
Cash and cash equivalents, end of period $ 27,870 $ 49,320