Abaxis inc (ABAX)
CashFlow / TTM
Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10
Cash flows from operating activities:
Net income

27,177

24,707

27,325

32,156

32,716

34,027

35,141

31,525

31,630

34,100

32,027

29,611

27,331

19,738

17,075

15,671

14,185

17,145

18,911

27,824

27,459

25,467

23,329

13,741

13,091

11,758

12,743

13,171

14,537

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

8,006

7,931

7,769

7,603

7,340

6,834

6,878

6,909

6,697

7,291

7,618

7,913

8,486

8,319

8,009

7,745

7,427

7,345

6,966

6,592

6,298

5,813

5,571

5,328

5,090

4,961

4,801

4,713

4,562

0

0

0

Investment premium amortization, net

-1,092

-1,032

-902

-752

-666

-721

-912

-1,108

-1,180

-1,055

-880

-716

-635

-584

-509

-490

-530

-613

-701

-772

-827

-870

-931

-983

-986

-937

-838

-864

-526

0

0

0

Net loss on disposals of property and equipment

-102

-59

-73

-109

-115

-152

-154

-129

-103

-56

-22

-6

-8

-9

-16

-22

-20

-52

-62

-56

-76

-22

-25

-25

-13

-21

-19

-28

-16

0

0

0

Impairment loss of intangible assets

-

-

-

-

-

-

-

-

13

13

13

13

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign exchange (gain) loss

996

1,035

339

190

-627

-740

-242

-250

149

-722

-1,062

-1,564

-1,794

-942

-493

332

477

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net (gain) loss on foreign exchange translation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-186

-99

26

275

0

0

0

Share-based compensation expense

13,661

12,953

11,813

11,371

11,079

11,181

11,146

11,118

11,100

10,803

11,099

10,556

9,787

9,134

8,068

7,426

7,643

7,525

7,677

7,533

7,086

6,779

6,512

6,365

5,683

5,491

5,277

4,830

4,844

0

0

0

Excess tax benefits from share-based awards

0

-16

-7

198

330

339

514

1,006

1,621

1,637

1,546

1,608

961

1,331

1,294

867

2,164

2,642

3,267

3,363

2,683

1,971

2,493

2,014

862

4,885

2,263

2,234

2,260

0

0

0

Deferred income taxes

2,110

1,844

-1,148

-1,637

-1,319

976

976

1,246

1,317

-1,146

-2,706

-3,557

-3,954

-3,271

-1,874

-1,254

-785

-1,639

-1,432

-1,383

-1,307

263

-4

504

673

1,264

1,985

1,961

2,087

0

0

0

Equity in net (income) loss of unconsolidated affiliates

-254

-268

-222

-184

-184

-68

-43

21

22

19

100

53

37

41

-15

-46

33

66

37

0

-13

-55

-105

-88

-143

0

0

0

-

-

-

-

Changes in assets and liabilities:
Equity in net loss of unconsolidated affiliate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Receivables, net

7,470

4,969

5,367

6,977

4,564

1,785

4,755

7,104

4,914

2,169

-6,514

-3,969

1,306

2,000

1,005

536

-11,171

-7,584

-13,235

3,279

9,418

9,898

20,806

2,721

2,827

853

2,828

2,861

4,132

0

0

0

Inventories

8,181

5,191

4,437

7,914

8,184

8,206

5,619

3,981

-74

3,316

5,663

7,186

10,135

5,781

4,540

2,412

2,491

5,130

6,134

7,437

8,081

6,457

4,398

3,914

1,236

1,696

2,521

-761

1,846

0

0

0

Prepaid expenses and other current assets

228

113

210

420

-1,386

-638

-1,200

681

1,912

204

-211

-1,147

-787

-617

-2,846

-1,299

-2,962

-5,566

418

-4,186

-4,269

387

-3,933

-1,183

1,199

-685

581

-304

156

0

0

0

Other assets

1,791

2,930

3,923

5,200

5,674

5,684

4,316

3,191

1,829

464

536

85

55

69

52

41

-21

-18

2

-25

9

-10

-30

-13

-44

-2

8

65

55

0

0

0

Accounts payable

4,206

4,203

1,071

1,861

238

1,048

-413

2,441

-443

-649

-3,960

-2,606

116

420

3,161

881

-2,018

-4,928

-1,204

-1,390

1,746

5,280

1,217

1,815

232

-1,336

1,516

1,006

-3,248

0

0

0

Accrued payroll and related expenses

1,674

4,101

863

722

1,257

-1,057

-24

247

-3,081

-806

460

806

6,776

2,106

3,291

725

-1,626

-2,452

-2,572

-691

-67

2,634

1,200

618

208

586

1,119

979

514

0

0

0

Accrued taxes

-744

-650

1,243

3,543

760

-281

-816

-1,874

-4,065

-5,857

-5,535

-5,232

-1,294

633

493

3,281

690

298

-3,107

616

610

676

3,740

-355

-276

-271

-36

-1,061

582

0

0

0

Other liabilities

5,428

5,846

5,213

4,188

2,757

2,228

1,545

731

-4,848

-5,618

-2,923

-843

5,514

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other accrued liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

242

1,321

-14

299

564

471

691

336

0

0

0

Deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

115

161

191

225

222

202

244

253

0

0

0

Deferred revenue

-535

-829

-1,091

-1,054

-999

-892

-791

-732

-667

-631

-587

-631

-702

-812

-845

-85

131

591

1,454

1,091

1,504

1,482

985

1,013

918

702

559

388

174

0

0

0

Warranty reserve

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

484

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Warranty reserve

932

800

809

965

1,150

1,099

1,126

707

52

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Warranty reserve

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

738

585

456

-121

0

0

0

Net cash provided by operating activities

43,516

48,043

40,795

33,811

33,152

34,856

35,503

37,262

28,056

24,029

29,307

27,814

36,396

0

0

0

-

-

-

31,804

29,197

30,772

22,670

24,330

21,973

23,024

22,086

19,636

16,369

0

0

0

Cash flows from investing activities:
Purchases of available-for-sale investments

109,448

69,825

52,191

8,438

4,401

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of held-to-maturity investments

50,132

45,338

57,059

64,732

52,513

60,757

52,268

42,649

61,049

54,390

59,470

61,744

36,804

43,240

33,412

24,591

27,798

8,036

12,412

21,966

18,337

18,337

13,961

9,468

18,174

31,313

45,422

61,119

62,686

0

0

0

Proceeds from maturities and redemptions of available-for-sale investments

39,460

20,340

7,260

5,000

4,300

0

0

0

-

-

-

6,000

6,498

6,498

996

1,521

1,023

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from maturities and redemptions of held-to-maturity investments

52,798

54,683

52,914

54,052

42,140

59,666

54,418

52,637

48,959

25,456

22,705

18,479

26,969

25,223

26,927

24,421

23,311

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from maturities and redemptions of held-to-maturity investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

47,080

57,812

58,654

68,604

0

0

0

Purchases of property and equipment

6,046

6,951

7,778

9,246

10,171

8,794

8,199

7,181

5,185

5,518

4,808

4,982

6,077

6,201

6,697

6,003

5,554

5,623

5,456

5,135

5,640

6,037

5,831

6,754

7,663

9,327

9,978

8,753

6,926

0

0

0

Cash paid for investment in unconsolidated affiliate

1,250

0

0

0

2,999

2,999

2,999

2,999

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-73,437

-47,091

-57,639

-15,623

-15,903

-4,939

-2,913

-2,154

-20,237

-17,106

-16,066

-22,740

10,093

0

0

0

-

-

-

95

-1,657

1,387

-6,417

14,077

8,479

-4,628

-388

-14,018

-3,808

0

0

0

Cash flows from financing activities:
Proceeds from the exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

31

1,366

1,433

1,442

1,455

1,320

2,565

2,740

2,800

1,632

446

464

615

972

1,665

1,588

1,684

0

0

0

Tax withholdings related to net share settlements of restricted stock units

2,590

2,567

2,513

2,485

2,234

2,201

2,503

2,797

5,250

5,250

4,993

4,999

3,026

3,024

2,976

2,554

4,683

4,713

4,721

4,514

1,625

1,623

1,687

1,209

2,211

2,181

2,063

2,276

2,013

0

0

0

Excess tax benefits from share-based awards

0

-16

-7

198

330

339

514

1,006

1,621

1,637

1,546

1,608

961

1,331

1,294

867

2,164

2,642

3,267

3,363

2,683

1,971

1,521

1,144

862

1,069

3,235

2,286

2,260

0

0

0

Proceeds from the exercise of warrants

-

-

-

-

-

-

-

-

12

18

30

30

78

72

60

60

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid

13,611

13,136

12,661

12,187

11,715

11,035

10,380

10,176

9,970

9,748

9,501

9,254

9,006

6,752

4,498

2,246

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-16,201

-15,719

-15,181

-14,474

-13,619

-25,937

-25,409

-25,007

-26,627

-13,336

-12,891

-12,588

-10,962

0

0

0

-

-

-

-20,434

-18,165

-20,043

280

-26,782

-27,915

-26,468

-24,469

2,451

2,784

0

0

0

Effect of exchange rate changes on cash and cash equivalents

1,067

1,016

506

233

-621

-729

-421

-453

116

-955

-1,311

-1,711

-2,101

-947

-410

291

510

335

352

170

-308

-57

-418

-547

-165

-116

115

656

269

0

0

0

Net increase (decrease) in cash and cash equivalents

-45,055

-13,751

-31,519

3,947

3,009

3,251

6,760

9,648

-18,692

-7,368

-961

-9,225

33,426

5,501

13,148

19,317

18,679

36,842

17,337

11,635

9,067

12,059

16,115

11,078

2,372

-8,188

-2,656

8,725

15,614

0

0

0

Supplemental disclosure of cash flow information:
Cash paid for income taxes, net of refunds

14,498

13,663

13,899

15,523

16,901

17,140

16,016

15,730

19,927

22,375

22,647

20,311

15,888

11,459

8,075

5,246

4,943

4,744

13,028

12,371

12,330

13,558

12,265

6,524

6,161

16,852

7,157

5,811

6,194

0

0

0

Supplemental disclosure of non-cash flow information:
Change in unrealized gain (loss) on investments, net of tax

-165

-53

-31

-24

-5

6

6

11

1

5

11

-8

-3

-49

-52

-30

-47

-19

-13

8

17

60

47

21

25

0

0

0

-

-

-

-

Transfers of equipment between inventory and property and equipment, net

3,067

2,079

1,842

3,316

4,549

4,233

3,872

2,221

987

1,645

1,618

2,051

2,295

3,039

2,890

2,430

2,285

824

829

867

904

1,233

1,533

1,609

1,485

1,496

1,340

1,167

1,112

0

0

0

Net change in capitalized share-based compensation

-3

194

222

134

47

-155

-160

-103

14

61

28

-94

-29

-58

-31

41

-14

-3

3

20

12

-7

86

27

32

64

-22

45

13

0

0

0

Common stock withheld for employee taxes in connection with share-based compensation

2,590

2,567

2,513

2,485

2,234

2,201

2,503

2,797

5,250

5,250

4,993

4,999

3,026

3,024

2,976

2,554

4,683

0

0

0

-

-

-

-

-

-

-

-

-

0

0

0

Common stock withheld for employee taxes in connection with share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

Repayment of notes payable by credits from municipal agency

101

101

101

101

101

101

102

101

101

101

101

101

101

101

101

101

101

101

101

101

101

101

101

99

95

92

66

43

22

0

0

0