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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
May 31, 2021
May 31, 2020
May 31, 2019
Cash flows provided from (used in) operating activities:      
Net income $ 35.8 $ 4.4 $ 7.5
Less: Loss from discontinued operations (10.5) (20.4) (76.6)
Income from continuing operations 46.3 24.8 84.1
Adjustments to reconcile income to net cash provided from (used in) operating activities:      
Depreciation and intangible amortization 36.3 43.7 42.8
Stock-based compensation expense 9.2 7.3 13.5
Provision for doubtful accounts 8.5 5.4 15.8
Deferred tax provision (benefit) 8.4 0.5 (5.0)
Loss (Earnings) from joint ventures (0.2) 1.9 0.3
Customer contract termination and restructuring costs 2.2 31.3  
Impairment charges 9.1 8.1  
Loss on sale of business 20.2    
Changes in certain assets and liabilities, net of acquisitions:      
Accounts receivable (4.5) 14.8 (34.4)
Contract assets (26.4) 9.9 (9.7)
Inventories 74.9 (94.5) (80.9)
Prepaid expenses and other current assets 49.8 (40.1) (10.9)
Rotable assets supporting long-term programs 9.1 (22.1) (49.2)
Accounts payable (62.6) 4.1 17.5
Accrued and other liabilities 17.1 0.5 22.9
Deferred revenue on long-term programs (83.0) (14.6) 44.4
Other (5.9) (0.1) 9.3
Net cash provided from (used in) operating activities-continuing operations 108.5 (19.1) 60.5
Net cash provided from (used in) operating activities-discontinued operations (3.3) (17.0) 6.9
Net cash provided from (used in) operating activities 105.2 (36.1) 67.4
Cash flows used in investing activities:      
Property, plant and equipment expenditures (11.3) (23.6) (17.4)
Proceeds from termination of life insurance policies 10.0    
Other 0.8 (1.2) (1.1)
Net cash used in investing activities-continuing operations (0.5) (24.8) (18.5)
Net cash used in investing activities-discontinued operations     (0.5)
Net cash used in investing activities (0.5) (24.8) (19.0)
Cash flows provided from (used in) financing activities:      
Short-term borrowings (repayments), net (470.0) 459.5 (10.0)
Repayments on long-term borrowings     (25.0)
Cash dividends (0.1) (10.7) (10.5)
Purchase of treasury stock   (4.1) (10.3)
Stock compensation activity 0.6 1.1 8.5
Other   (1.3)  
Net cash provided from (used in) financing activities-continuing operations (469.5) 444.5 (47.3)
Net cash used in financing activities-discontinued operations     (1.4)
Net cash provided from (used in) financing activities (469.5) 444.5 (48.7)
Effect of exchange rate changes on cash 0.3   (0.2)
Increase (Decrease) in cash and cash equivalents (364.5) 383.6 (0.5)
Cash, cash equivalents, and restricted cash at beginning of year 424.7 41.1 41.6
Cash, cash equivalents, and restricted cash at end of year $ 60.2 $ 424.7 $ 41.1