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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Feb. 28, 2023
Feb. 28, 2022
Cash flows provided by (used in) operating activities:    
Net income $ 67.0 $ 54.8
Less: Income from discontinued operations (0.4) (0.2)
Income from continuing operations 66.6 54.6
Adjustments to reconcile income from continuing operations to net cash provided by (used in) operating activities:    
Depreciation and intangible amortization 20.2 25.5
Stock-based compensation 10.4 5.8
Provision for credit losses 1.8 0.9
Loss from joint ventures 3.0 1.7
Losses on sale and exit of business 0.5 1.3
Impairment charges   2.9
Changes in certain assets and liabilities:    
Accounts receivable (26.4) (44.1)
Contract assets (18.5) 2.9
Inventories (20.2) 4.6
Prepaid expenses and other current assets (8.8) (22.7)
Rotable assets supporting long-term programs (13.2) 1.4
Accounts payable 2.8 14.1
Accrued and other liabilities (15.9) 3.1
Deferred revenue on long-term programs 2.2 2.5
Other (26.0) (4.9)
Net cash provided by (used in) operating activities - continuing operations (21.5) 49.6
Net cash used in operating activities - discontinued operations (0.4) (14.5)
Net cash provided by (used in) operating activities (21.9) 35.1
Cash flows used in investing activities:    
Property, plant and equipment expenditures (22.5) (10.2)
Proceeds from asset disposals   7.3
Joint venture and other investments (4.8) (4.0)
Net cash used in investing activities (27.3) (6.9)
Cash flows provided by (used in) financing activities:    
Short-term borrowings (repayments) on revolving credit facility, net 88.0 (5.0)
Repayment of long-term borrowings   (24.7)
Purchase of treasury stock (50.1) (20.2)
Financing costs (1.9)  
Stock compensation activity 8.5 4.6
Net cash provided by (used in) financing activities 44.5 (45.3)
Effect of exchange rate changes on cash (0.1) (0.1)
Decrease in cash and cash equivalents (4.8) (17.2)
Cash, cash equivalents, and restricted cash at beginning of period 58.9 60.2
Cash, cash equivalents, and restricted cash at end of period $ 54.1 $ 43.0