| Oct'19 | Oct'18 | Oct'17 | Oct'16 | Oct'15 | Oct'14 | Oct'13 | Oct'12 | Oct'11 | Oct'10 | Oct'09 | Oct'08 | Oct'07 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities | ||||||||||||
Net income | ||||||||||||
1,071,000 | 316,000 | 684,000 | 462,000 | 401,000 | 549,000 | 734,000 | 1,153,000 | 1,012,000 | 684,000 | -31,000 | 693,000 | 638,000 |
Adjustments to reconcile net income to net cash provided by (used in) operating activities: | ||||||||||||
Depreciation and amortization | ||||||||||||
238,000 | 210,000 | 212,000 | 246,000 | 253,000 | 384,000 | 372,000 | 301,000 | 253,000 | 202,000 | 162,000 | 201,000 | 191,000 |
Accelerated amortization of interest rate swap gain (due to early redemption of debt) | ||||||||||||
- | - | - | - | - | 22,000 | 0 | - | - | - | - | - | - |
Share-based compensation | ||||||||||||
72,000 | 70,000 | 60,000 | 58,000 | 54,000 | 96,000 | 85,000 | 74,000 | 72,000 | 66,000 | 71,000 | 82,000 | 139,000 |
Excess tax benefit from share-based plans | ||||||||||||
- | - | - | - | - | - | 2,000 | 0 | 0 | - | - | - | - |
Deferred taxes | ||||||||||||
-255,000 | -16,000 | 102,000 | 3,000 | 70,000 | -192,000 | -4,000 | -158,000 | 38,000 | -109,000 | 28,000 | -53,000 | -134,000 |
Excess and obsolete inventory related charges | ||||||||||||
19,000 | 26,000 | 24,000 | 20,000 | 30,000 | 79,000 | 48,000 | 30,000 | 30,000 | 30,000 | 54,000 | 24,000 | 21,000 |
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain | ||||||||||||
0 | 20,000 | 0 | 0 | - | - | - | - | - | - | - | - | - |
Asset impairment charges | ||||||||||||
0 | 21,000 | 0 | 4,000 | 3,000 | - | - | - | - | - | - | - | - |
Loss on extinguishment of debt | ||||||||||||
-9,000 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Translation gain from liquidation of a subsidiary | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | -25,000 | 0 |
Non-cash restructuring and asset impairment charges | ||||||||||||
- | - | - | - | - | 23,000 | 3,000 | 1,000 | 10,000 | 26,000 | 39,000 | 8,000 | 8,000 |
Impairment of equity method investments and loans | ||||||||||||
- | - | - | 25,000 | 0 | 0 | - | - | - | - | - | - | - |
Net gain on sale of investments | ||||||||||||
- | - | - | - | - | 1,000 | 1,000 | 4,000 | 6,000 | 2,000 | 0 | 4,000 | -2,000 |
Net (gain) loss on sale of assets and divestitures | ||||||||||||
- | - | - | - | - | 10,000 | -3,000 | -2,000 | -2,000 | 127,000 | 6,000 | 2,000 | -13,000 |
Net pension curtailment and settlement gains | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 16,000 | 0 | -1,000 |
Other non-cash expense, net | ||||||||||||
-6,000 | -9,000 | -7,000 | -15,000 | -16,000 | -10,000 | -3,000 | -5,000 | -8,000 | 0 | -2,000 | -1,000 | 2,000 |
Changes in assets and liabilities: | ||||||||||||
Accounts receivable | ||||||||||||
106,000 | 65,000 | 81,000 | 33,000 | 24,000 | 119,000 | -14,000 | -19,000 | -11,000 | 166,000 | -193,000 | -44,000 | 22,000 |
Inventory | ||||||||||||
36,000 | 83,000 | 61,000 | 7,000 | 24,000 | 99,000 | 100,000 | 52,000 | 208,000 | 51,000 | -47,000 | -14,000 | -21,000 |
Accounts payable | ||||||||||||
29,000 | 40,000 | 2,000 | -15,000 | -26,000 | 50,000 | -27,000 | -31,000 | -35,000 | 113,000 | -7,000 | -21,000 | -13,000 |
Employee compensation and benefits | ||||||||||||
23,000 | 31,000 | 38,000 | 15,000 | 8,000 | 9,000 | 16,000 | -54,000 | 24,000 | 17,000 | -86,000 | -10,000 | 13,000 |
Change in assets and liabilities due to Tax Act | ||||||||||||
0 | -552,000 | 0 | 0 | - | - | - | - | - | - | - | - | - |
interest rate swap payments | ||||||||||||
6,000 | 0 | 0 | 10,000 | 0 | 0 | - | - | - | - | - | - | - |
Income taxes and other taxes payable | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | - | 132,000 |
Interest rate swap proceeds | ||||||||||||
- | - | - | - | - | - | - | 0 | -65,000 | 0 | -43,000 | 0 | 0 |
Other assets and liabilities | ||||||||||||
43,000 | 4,000 | 98,000 | -10,000 | 249,000 | 26,000 | -8,000 | 58,000 | 16,000 | -35,000 | 85,000 | -90,000 | -13,000 |
Net cash provided by (used in) operating activities | ||||||||||||
1,021,000 | 1,087,000 | 889,000 | 793,000 | 512,000 | 731,000 | 1,152,000 | 1,228,000 | 1,260,000 | 718,000 | 408,000 | 756,000 | 969,000 |
Cash flows from Investing activities: | ||||||||||||
Investments in property, plant and equipment | ||||||||||||
155,000 | 177,000 | 176,000 | 139,000 | 98,000 | 205,000 | 195,000 | 194,000 | 188,000 | 121,000 | 128,000 | 154,000 | 154,000 |
Proceeds from the sale of property, plant and equipment | ||||||||||||
0 | 1,000 | 0 | 0 | 12,000 | 14,000 | 2,000 | 0 | 18,000 | 7,000 | 1,000 | 14,000 | 12,000 |
Proceeds from the sale of investment securities | ||||||||||||
- | - | - | 1,000 | 0 | 1,000 | 12,000 | 5,000 | 16,000 | 38,000 | 94,000 | 150,000 | 13,000 |
Proceeds from divestitures | ||||||||||||
0 | 0 | 2,000 | 0 | 3,000 | 2,000 | 0 | 0 | 1,000 | 205,000 | 45,000 | 0 | 14,000 |
Proceeds from lease receivable | ||||||||||||
- | - | - | - | - | - | - | -80,000 | 0 | 0 | - | - | - |
Payment to acquire cost method investment | ||||||||||||
23,000 | 11,000 | 1,000 | 80,000 | 0 | 0 | - | - | - | - | 30,000 | 256,000 | 0 |
Payment to acquire equity method investment | ||||||||||||
- | - | - | - | 1,000 | 25,000 | 21,000 | 0 | 0 | - | - | - | - |
Payments in exchange for convertible note | ||||||||||||
3,000 | 2,000 | 1,000 | 1,000 | 2,000 | 0 | 0 | - | - | - | - | - | - |
Payment to acquire intangible assets | ||||||||||||
1,000 | 0 | 0 | - | - | - | - | - | - | - | - | - | - |
Loan to equity method investment | ||||||||||||
- | - | - | 3,000 | 0 | 0 | - | - | - | - | - | - | - |
Purchase of other investments | ||||||||||||
- | - | - | - | - | - | 25,000 | 0 | 0 | - | - | - | - |
Change in restricted cash, cash equivalents and investments, net | ||||||||||||
- | - | - | -245,000 | 240,000 | 4,000 | 0 | 0 | -1,545,000 | -10,000 | -16,000 | -33,000 | -3,000 |
Acquisitions of businesses and intangible assets, net of cash acquired | ||||||||||||
1,408,000 | 516,000 | 128,000 | 261,000 | 74,000 | 13,000 | 21,000 | 2,257,000 | 98,000 | 1,313,000 | 2,000 | 172,000 | 344,000 |
Net cash used in investing activities | ||||||||||||
-1,590,000 | -705,000 | -304,000 | -238,000 | -400,000 | -230,000 | -248,000 | -2,366,000 | 1,294,000 | -1,174,000 | -14,000 | -399,000 | -456,000 |
Cash flows from financing activities: | ||||||||||||
Issuance of common stock under employee stock plans | ||||||||||||
54,000 | 56,000 | 66,000 | 62,000 | 58,000 | 188,000 | 161,000 | 100,000 | 304,000 | 299,000 | 71,000 | 211,000 | 375,000 |
Payment of taxes related to net share settlement of equity awards | ||||||||||||
16,000 | 30,000 | 14,000 | 6,000 | 13,000 | 19,000 | - | - | - | - | - | - | - |
Payments of Ordinary Dividends, Common Stock | ||||||||||||
206,000 | 191,000 | 170,000 | 150,000 | 133,000 | 176,000 | 156,000 | 104,000 | 0 | 0 | - | - | - |
Issuance of senior notes | ||||||||||||
497,000 | 0 | 0 | 299,000 | 0 | 1,099,000 | 597,000 | 399,000 | 0 | 747,000 | 748,000 | - | - |
Proceeds from long-term debt and senior notes | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 16,000 | 598,000 |
Debt issuance costs | ||||||||||||
4,000 | 0 | 0 | 2,000 | 0 | 9,000 | 5,000 | 3,000 | 0 | 5,000 | 5,000 | 0 | 5,000 |
Repayments of senior notes | ||||||||||||
- | - | - | - | - | 1,000,000 | 250,000 | 250,000 | 0 | 0 | - | - | - |
Purchase of non-controlling interest | ||||||||||||
4,000 | 0 | 0 | - | - | - | 3,000 | 6,000 | 0 | 0 | 10,000 | 14,000 | 0 |
Proceeds from revolving credit facility | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 325,000 | 510,000 | 0 |
Repayments of revolving credit facility | ||||||||||||
- | - | - | - | - | - | - | - | - | - | 325,000 | 510,000 | 0 |
Repayment of revolving credit facility | ||||||||||||
- | - | - | - | - | - | - | 1,000 | 1,500,000 | 29,000 | 0 | - | - |
Repayment of debt | ||||||||||||
- | - | - | - | - | - | - | - | - | - | - | 0 | -4,000 |
Treasury stock repurchases | ||||||||||||
723,000 | 422,000 | 194,000 | 434,000 | 267,000 | 200,000 | 900,000 | 172,000 | 497,000 | 411,000 | 157,000 | 1,001,000 | 1,944,000 |
Proceeds from credit facility and short-term loan | ||||||||||||
805,000 | 483,000 | 400,000 | 255,000 | 0 | 87,000 | 0 | - | - | - | - | - | - |
Repayments of debt and credit facility | ||||||||||||
702,000 | 693,000 | 290,000 | 292,000 | 0 | 87,000 | 0 | - | - | - | - | - | - |
Excess tax benefit from share-based plans | ||||||||||||
- | - | - | - | - | - | 2,000 | 0 | - | - | - | - | - |
Net transfer of cash and cash equivalents to Keysight | ||||||||||||
- | - | - | - | 734,000 | 0 | 0 | - | - | - | - | - | - |
Net cash used in financing activities | ||||||||||||
-299,000 | -797,000 | -202,000 | -268,000 | -1,089,000 | -117,000 | -554,000 | -37,000 | -1,693,000 | 601,000 | 657,000 | -774,000 | -980,000 |
Effect of exchange rate movements | ||||||||||||
2,000 | -17,000 | 8,000 | -1,000 | -48,000 | -31,000 | -26,000 | -1,000 | 17,000 | 25,000 | 23,000 | -4,000 | 31,000 |
Net decrease in cash, cash equivalents and restricted cash | ||||||||||||
-866,000 | -432,000 | 391,000 | 286,000 | -1,025,000 | 353,000 | 324,000 | -1,176,000 | 878,000 | 170,000 | 1,074,000 | -421,000 | -436,000 |
Supplemental cash flow information: | ||||||||||||
Income tax payments, net | ||||||||||||
159,000 | 102,000 | 63,000 | 67,000 | 129,000 | 131,000 | - | - | - | - | - | - | - |
Interest payments | ||||||||||||
80,000 | 80,000 | 82,000 | 73,000 | 71,000 | 142,000 | - | - | - | - | - | - | - |
Non-cash changes in investments in property, plant and equipment - increase (decrease) | ||||||||||||
-21,000 | -5,000 | 29,000 | -12,000 | - | - | - | - | - | - | - | - | - |