XML 36 R7.htm IDEA: XBRL DOCUMENT v3.20.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Feb. 29, 2020
Feb. 28, 2019
Cash flows provided from (used in) operating activities:    
Net income (loss) $ 20.9 $ (15.3)
Less: Loss from discontinued operations (18.9) (72.8)
Income from continuing operations 39.8 57.5
Adjustments to reconcile income from continuing operations to net cash provided from (used in) operating activities:    
Depreciation and intangible amortization 32.8 31.3
Amortization of stock-based compensation 10.3 8.8
Customer contract termination and restructuring costs 24.7  
Provision for doubtful accounts 3.3 13.7
Deferred tax provision 1.5 (10.2)
Changes in certain assets and liabilities:    
Accounts receivable (34.6) (73.3)
Contract assets (5.4) (5.2)
Inventories (98.0) (71.8)
Rotable spares and equipment on or available for short-term lease (3.7) 18.6
Rotable assets supporting long-term programs (23.7) (38.2)
Accounts payable 107.1 47.7
Accrued and other liabilities (9.6) 2.8
Deferred revenue on long-term programs 1.1 51.9
Other (46.1) (17.2)
Net cash provided from (used in) operating activities - continuing operations (0.5) 16.4
Net cash provided from (used in) operating activities - discontinued operations (8.4) 8.1
Net cash provided from (used in) operating activities (8.9) 24.5
Cash flows used in investing activities:    
Property, plant and equipment expenditures (18.3) (12.3)
Payments for acquisitions   (2.3)
Other (1.7) 1.3
Net cash used in investing activities - continuing operations (20.0) (13.3)
Net cash used in investing activities - discontinued operations   (0.5)
Net cash used in investing activities (20.0) (13.8)
Cash flows provided from (used in) financing activities:    
Short-term borrowings, net 65.0 25.0
Repayments on long-term borrowings   (25.0)
Cash dividends (8.1) (7.9)
Purchase of treasury stock (4.1) (0.8)
Financing costs (1.3)  
Stock compensation activity 1.1 8.3
Net cash provided from (used in) financing activities - continuing operations 52.6 (0.4)
Net cash used in financing activities - discontinued operations   (1.4)
Net cash provided from (used in) financing activities 52.6 (1.8)
Effect of exchange rate changes on cash 0.1 (0.1)
Increase in cash and cash equivalents 23.8 8.8
Cash, cash equivalents, and restricted cash at beginning of period 41.1 41.6
Cash, cash equivalents, and restricted cash at end of period $ 64.9 $ 50.4