AK Steel Cash Flow - Annual (NYSE:AKS)

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$4.37 $0.13 (3.07%) AKS stock closing price Aug 17, 2018 (Closing)

For analyzing any company like AK Steel from an investment perspective, its important to check the cash flow statement. While its important to look at the AK Steel debt position, the cash flow statement becomes equally important because public companies use accrual accounting. For example, if a company sells a product which gets counted as AK Steel revenue but does not convert to cash because it does not receive payment in the same quarter, it affects the cash position for that period. AK Steel saw a cash impact of $- from the buyback of AKS shares. The cash flow statement helps in the AK Steel stock analysis by providing more information for evaluating changes in assets, liabilities and equities. AK Steel saw a outflow of $-508.7M from investing activities for 2017.

View details of AK Steel cash flows for latest & last 10 financial years
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Fiscal year is Jan - Dec201720162015201420132011201020092008
Net Income Cash Flow
Depreciation Depletion Amortization Cash-Flow250.1M235M237.2M222.3M209.2M200.5M213.9M216.7M213.9M
Net Increase (Decrease) in Assets Liabilities-32.2M-63.3M-35.09M-244.9M-58.39M-152.2M-120.5M58.1M-90.99M
Cash From (used in) Discontinued Operations---------
Other Adjustments Net-86.7M74.7M444.4M-266.1M-278.4M-68.7M-95.1M-138M-43.8M
Net Cash from (used by) Operating Activities
Increase (Decrease) in Prop Plant And Equipment-152.5M-127.6M-99M-79.7M-60M-101.1M-117.1M-109M-166.8M
Acquisition Disposition of Subsidiaires-360.4M---101.4M-53.6M-195M-149.2M-24M-47.7M
Increase (Decrease) in Investments--25M-690.3M--125.4M---3.7M
Other Cash Inflow (Outflow) from Investment Activities4.2M2.3M26.5M13.6M15.1M1.3M--0.4M-
Net Cash from (used by) Investment Activities
Issuance (Purchase) of Equity Shares-600.4M-345.3M--1.3M-6.6M-10.9M-20.6M
Issuance (Repayment) of Debt Securities-168.4M-12.79M-14.1M426.3M4.5M-0.7M42.79M-23.5M-26.9M
Increase (Decrease) in Bank & Other Borrowings450M-550M-55M515M90M250M---
Payment of Dividends & Other Cash Distributions------22M-22M-22M-22.4M
Other Cash from (used by) Financing Activities-106.9M-100.3M-97.3M-81.1M-67.5M199.9M139.6M30M53.7M
Net Cash from (used by) Financing Activities
Effect of Exchange Rate Changes on Cash---------
Net Change in Cash & Cash Equivalents
Cash & Equivalents at Beginning of Year173.2M56.6M70.2M45.3M227M216.8M461.7M562.7M713.6M
Cash & Equivalents at Year End38M173.2M56.6M70.2M45.3M42M216.8M461.7M562.7M
All figures in USD. M: Millions of USD, B: Billions of USD.
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The statement of cash flows comprises of cash flow from financing, cash flow from operations and cash flow from investing activities. All the three can have an impact on the stock price. The AK Steel stock price history and AK Steel stock comparison chart inevitably reflect its cash flow situation.

  • AK Steel has cash of $38M on hand. A healthy amount of cash on hand is necessary for any company. Cash has an opportunity cost associated with it, and too much cash in bank may mean that the firm has no or limited growth plans. Hence its important to track the Net Change in Cash and Cash Equivalents along with the AK Steel stock price.
  • Cash Flow from operating activities: AK Steel reported a positive operating cash flow of $198.8M for 2017 and has seen a decrease from the previous year. Operating cash flow comes from main business activities. Investors look for positive cash flow from recurring operating activities.
  • Cash Flow from investment activities: This includes buying/selling of land and equipment, acquisitions and mergers, sell-off, investment in other companies like buying bonds, stocks etc., and was $-508.7M for AKS in last 2017 report.
  • Cash flow from financing activities shows the flow of cash between AK Steel and its owners and creditors and was $174.7M for 2017. Financing activities allow a company to raise capital, and repay bondholders.

Key Financial Ratios For AK Steel Cash Flow

FCF margin