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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
May 31, 2020
May 31, 2019
May 31, 2018
Cash flows provided from (used in) operating activities:      
Net income $ 4.4 $ 7.5 $ 15.6
Loss from discontinued operations, net of tax (20.4) (76.6) (58.1)
Income from continuing operations 24.8 84.1 73.7
Adjustments to reconcile income to net cash provided from (used in) operating activities:      
Depreciation and intangible amortization 43.7 42.8 40.5
Amortization of stock-based compensation 7.3 13.5 15.3
Provision for doubtful accounts 5.4 15.8 0.5
Deferred tax provision (benefit) 0.5 (5.0) (12.9)
Loss (Earnings) from joint ventures 1.9 0.3 (0.5)
Customer contract termination and restructuring costs 31.3    
Impairment charges 8.1    
Changes in certain assets and liabilities, net of acquisitions:      
Accounts receivable 14.8 (34.4) 35.4
Contract assets 9.9 (9.7)  
Inventories (94.5) (80.9) (25.8)
Rotable spares and equipment on or available for short-term lease (4.3) 21.5 (16.6)
Rotable assets supporting long-term programs (22.1) (49.2) (38.5)
Accounts payable 4.1 17.5 1.8
Accrued and other liabilities 0.5 22.9 8.0
Deferred revenue on long-term programs (14.6) 44.4 (3.4)
Other (35.9) (23.1) (21.7)
Net cash provided from (used in) operating activities - continuing operations (19.1) 60.5 55.8
Net cash provided from (used in) operating activities-discontinued operations (17.0) 6.9 8.5
Net cash provided from (used in) operating activities (36.1) 67.4 64.3
Cash flows used in investing activities:      
Property, plant and equipment expenditures (23.6) (17.4) (22.0)
Proceeds from asset disposals 1.6 1.8 8.6
Payments for acquisitions   (2.3) (22.9)
Other (2.8) (0.6) (2.3)
Net cash used in investing activities - continuing operations (24.8) (18.5) (38.6)
Net cash used in investing activities-discontinued operations   (0.5) (4.3)
Net cash used in investing activities (24.8) (19.0) (42.9)
Cash flows provided from (used in) financing activities:      
Short-term borrowings (repayments), net 459.5 (10.0) (1.0)
Proceeds from long-term borrowings     24.8
Repayments of long-term borrowings   (25.0)  
Cash dividends (10.7) (10.5) (10.3)
Purchase of treasury stock (4.1) (10.3) (13.1)
Stock compensation activity 1.1 8.5 11.6
Other (1.3)   (0.3)
Net cash provided from (used in) financing activities-continuing operations 444.5 (47.3) 11.7
Net cash used in financing activities-discontinued operations   (1.4) (1.7)
Net cash provided from (used in) financing activities 444.5 (48.7) 10.0
Effect of exchange rate changes on cash   (0.2) (0.1)
Increase (Decrease) in cash and cash equivalents 383.6 (0.5) 31.3
Cash, cash equivalents, and restricted cash at beginning of year 41.1 41.6 10.3
Cash, cash equivalents, and restricted cash at end of year $ 424.7 $ 41.1 $ 41.6