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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Nov. 30, 2024
Aug. 31, 2024
Nov. 30, 2023
Aug. 31, 2023
Nov. 30, 2024
Nov. 30, 2023
May 31, 2024
Cash flows provided by (used in) operating activities:              
Net income (loss) $ (30.6) $ 18.0 $ 23.8 $ (0.6) $ (12.6) $ 23.2  
Adjustments to reconcile net income (loss) to net cash provided by used in operating activities:              
Depreciation and amortization         28.8 17.1  
Stock-based compensation expense         10.0 7.9  
Pension settlement charge           26.7  
Loss (Earnings) from joint ventures (1.9)   (0.6)   (4.2) 0.3  
Provision for (Recovery of) credit losses (0.3)       (0.1) 0.4  
Deferred tax provision (benefit)         (0.5) (4.6)  
Changes in certain assets and liabilities:              
Accounts receivable         (33.3) (6.3)  
Contract assets         (27.2) (12.4)  
Inventories         (57.4) (71.5)  
Prepaid expenses and other current assets         (10.6) (10.2)  
Rotable assets supporting long-term programs         (12.1) (4.0)  
Accounts payable         54.2 52.8  
Accrued and other liabilities         48.4 (5.6)  
Deferred revenue on long-term programs         (6.4) (9.5)  
Other         26.4 (5.4)  
Net cash provided by (used in) operating activities - continuing operations         3.4 (1.1)  
Net cash used in operating activities - discontinued operations           (0.2)  
Net cash provided by (used in) operating activities         3.4 (1.3)  
Cash flows used in investing activities:              
Property, plant, and equipment expenditures         (16.2) (16.4)  
Acquisition         2.9    
Other         0.1 (3.9)  
Net cash used in investing activities         (13.2) (20.3)  
Cash flows provided by (used in) financing activities:              
Short-term borrowings, net           5.0  
Stock compensation activity         (3.8) 10.3  
Net cash provided by (used in) financing activities         (3.8) 15.3  
Decrease in cash, cash equivalents, and restricted cash         (13.6) (6.3)  
Cash, cash equivalents, and restricted cash at beginning of period   $ 96.1   $ 81.8 96.1 81.8 $ 81.8
Cash, cash equivalents, and restricted cash at end of period $ 82.5   $ 75.5   $ 82.5 $ 75.5 $ 96.1