ACTAVIS, INC. ACT Cash Flow

Actavis, inc. (ACT)

CashFlow / Quarterly

Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash Flows From Operating Activities:
Net income (loss)
65,500	-564,600	-103,500	29,000	76,700	-62,200	54,800	94,200	67,700	52,400	44,800	17,200	25,700	70,600	69,800
Reconciliation to net cash provided by operating activities:
Depreciation
50,100	50,200	47,400	36,800	20,200	20,100	20,400	23,200	21,700	25,700	23,000	25,500	25,100	26,600	24,700
Amortization
-	149,600	158,400	-	-	105,800	131,900	-	-	74,600	56,600	-	45,900	43,100	39,000
Provision for inventory reserve
21,000	26,000	3,500	25,400	10,200	13,300	13,600	6,100	11,700	14,100	12,500	19,300	9,600	9,200	11,900
Share-based compensation
49,500	13,800	12,500	14,200	10,700	13,600	10,300	14,200	9,400	7,800	8,400	-	-	-	-
Deferred income tax benefit
-32,500	-19,500	-118,000	-96,900	-15,700	-92,500	-15,900	-75,700	-7,300	-40,700	-3,200	-42,600	-48,800	-12,100	-14,800
Share based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,900
(Earnings) loss on equity method investments
1,600	800	900	1,500	-1,300	800	300	1,200	-600	-600	-4,500	-	-100	800	2,500
Gain on sale of securities
-	-	-	-	-	-	-	0	0	0	800	800	1,700	1,400	23,400
Loss on asset sales and impairments, net
-624,500	655,300	-2,300	-82,300	39,700	101,100	200	50,700	3,800	7,400	14,400	29,300	300	-800	1,000
Amortization of inventory step up
0	0	93,500	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
1,900	1,900	1,900	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in allowance for doubtful accounts
500	-4,800	3,800	1,200	800	0	1,600	-	-	-	1,000	-	-	-	-
Accretion of preferred stock and contingent consideration obligations
5,100	1,000	400	1,200	5,400	7,000	7,900	-21,300	12,500	9,800	13,600	-	-	-	-
Contingent consideration fair value adjustment
-5,900	0	-150,300	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from stock-based compensation
55,000	2,300	11,900	1,100	2,700	3,700	6,200	900	3,800	3,200	6,700	-	-	-	-
Other, net
-1,100	-500	-700	-800	0	-2,400	-100	100	400	700	-1,000	-	-	-	-
Changes in assets and liabilities (net of effects of acquisitions):
Accretion of preferred stock and contingent payment consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,600
Other, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,500
Accounts receivable, net
-17,400	112,800	-66,700	-106,100	45,900	-151,200	-159,700	469,900	-110,900	262,000	-30,100	44,900	15,300	-35,400	32,300
Inventories
51,500	92,400	122,600	1,900	19,000	-11,400	-3,300	221,000	70,200	24,000	-33,000	-26,800	-29,200	1,400	44,100
Prepaid expenses and other current assets
-40,800	28,900	-50,100	21,700	-6,000	23,000	2,900	-22,100	-18,700	10,500	-13,200	-27,300	-34,900	11,600	-4,800
Accounts payable and accrued expenses
38,000	104,800	-123,300	80,300	52,400	-113,700	-241,700	573,300	-115,000	255,600	-42,100	84,800	16,200	-16,200	11,700
Deferred revenue
900	-6,300	29,100	-7,200	-2,300	-2,900	-2,500	-1,600	-2,800	-3,000	-1,300	-6,300	-1,700	-7,400	4,800
Income and other taxes payable
-52,100	-104,100	84,300	13,000	-45,200	-61,100	-37,300	100,900	-7,200	-49,100	40,900	4,400	-1,600	-70,100	46,500
Other assets and liabilities
3,500	-5,800	1,500	-6,600	300	1,000	-3,400	24,800	3,700	-6,000	10,900	-10,300	-5,100	5,600	-5,200
Total adjustments
205,300	637,000	322,100	190,800	69,200	261,900	45,600	127,600	50,700	7,400	187,200	231,200	110,800	3,200	42,500
Net cash provided by operating activities
270,800	72,400	218,600	219,800	145,900	199,700	100,400	221,800	118,400	59,800	232,000	248,400	136,500	73,800	112,300
Cash Flows From Investing Activities:
Additions to property and equipment
43,600	44,600	29,200	44,200	40,000	30,500	22,800	38,800	46,400	22,200	19,300	23,000	17,100	9,200	7,300
Additions to product rights and other intangibles
2,600	200	2,200	3,100	2,300	1,800	1,800	1,000	7,500	9,200	1,000	3,500	300	6,500	600
Proceeds from sales of property and equipment
0	4,800	1,100	300	300	5,500	1,900	-	-	-	-	-	-	-	-
Proceeds from sale of cost/equity investments
-	-	-	-	-	-	-	-	-	-	-	-	-	500	94,100
Proceeds from sales of marketable securities and other investments
-	-	-	50,100	-100	6,400	2,500	2,200	200	2,900	800	-	-	-	-
Acquisition of businesses, net of cash acquired
0	53,300	141,300	5,359,300	0	-600	384,100	-	-	-	-	100	50,600	0	16,800
Other investing activities, net
-	-	-	-	-	-	-	-	-	-	-	-1,500	0	-2,000	1,000
Net cash (used in) investing activities
-33,100	-81,400	-171,600	-5,277,500	-47,200	-20,000	-404,300	-50,100	-59,700	-589,700	-19,500	-54,000	-63,500	-25,000	68,400
Cash Flows From Financing Activities:
Principal payments on debt and other long-term liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,400
Principal payment on debt and other long-term liabilities
-	-	-	-	-	-	-	-	-	-	-	-	270,300	-215,700	220,000
Proceeds from borrowings on credit facility
0	50,000	75,000	0	0	0	375,000	-	-	-	-	-	-	-	-
Principal payments on debt
43,900	119,600	97,100	-	76,400	65,300	60,000	-	-	-	-	-	-	-	-
Proceeds from stock plans
38,500	2,300	3,200	1,700	6,200	7,100	3,800	1,300	11,000	22,300	20,300	22,200	7,000	10,600	14,900
Payment of contingent consideration
900	-2,200	4,400	-1,900	17,100	46,600	43,500	-	-	-	-	-	-	-	-
Repurchase of common stock
142,900	600	21,900	700	1,700	2,300	11,400	600	2,500	800	10,300	600	1,100	200	4,400
Acquisition of noncontrolling interests
0	1,200	9,200	0	-200	700	4,000	100	0	0	5,500	-	-	-	-
Excess tax benefit from stock-based compensation
55,000	2,300	11,900	1,100	2,700	3,700	6,200	900	3,800	3,200	6,700	-	-	-	-
Net cash (used in) provided by financing activities
-94,700	-64,600	-42,500	5,147,800	-94,700	-129,600	266,100	-123,500	-117,200	245,900	11,200	-163,500	-44,400	9,500	-212,900
Effect of currency exchange rate changes on cash and cash equivalents
-1,900	-27,900	4,900	6,900	400	-1,200	-2,800	-2,200	-3,300	4,600	-2,000	-	-	-	-
Net increase in cash and cash equivalents
141,100	-101,500	9,400	97,000	4,400	48,900	-40,600	46,000	-61,800	-279,400	221,700	27,200	30,800	55,600	-32,200