ACTAVIS, INC. ACT Cash Flow

Actavis, inc. (ACT)

CashFlow / TTM

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)
-573,600	-562,400	-60,000	98,300	163,500	154,500	269,100	259,100	182,100	140,100	158,300	183,300	0	0	0
Reconciliation to net cash provided by operating activities:
Depreciation
184,500	154,600	124,500	97,500	83,900	85,400	91,000	93,600	95,900	99,300	100,200	101,900	0	0	0
Amortization
-	0	0	-	-	0	0	-	-	0	0	-	0	0	0
Provision for inventory reserve
75,900	65,100	52,400	62,500	43,200	44,700	45,500	44,400	57,600	55,500	50,600	50,000	0	0	0
Share-based compensation
90,000	51,200	51,000	48,800	48,800	47,500	41,700	39,800	0	0	0	-	-	-	-
Deferred income tax benefit
-266,900	-250,100	-323,100	-221,000	-199,800	-191,400	-139,600	-126,900	-93,800	-135,300	-106,700	-118,300	0	0	0
Share based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
(Earnings) loss on equity method investments
4,800	1,900	1,900	1,300	1,000	1,700	300	-4,500	0	0	0	-	0	0	0
Gain on sale of securities
-	-	-	-	-	-	-	800	1,600	3,300	4,700	27,300	0	0	0
Loss on asset sales and impairments, net
-53,800	610,400	56,200	58,700	191,700	155,800	62,100	76,300	54,900	51,400	43,200	29,800	0	0	0
Amortization of inventory step up
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in allowance for doubtful accounts
700	1,000	5,800	3,600	0	0	0	-	-	-	0	-	-	-	-
Accretion of preferred stock and contingent consideration obligations
7,700	8,000	14,000	21,500	-1,000	6,100	8,900	14,600	0	0	0	-	-	-	-
Contingent consideration fair value adjustment
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from stock-based compensation
70,300	18,000	19,400	13,700	13,500	14,600	14,100	14,600	0	0	0	-	-	-	-
Other, net
-3,100	-2,000	-3,900	-3,300	-2,400	-2,000	1,100	200	0	0	0	-	-	-	-
Changes in assets and liabilities (net of effects of acquisitions):
Accretion of preferred stock and contingent payment consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Other, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Accounts receivable, net
-77,400	-14,100	-278,100	-371,100	204,900	48,100	461,300	590,900	165,900	292,100	-5,300	57,100	0	0	0
Inventories
268,400	235,900	132,100	6,200	225,300	276,500	311,900	282,200	34,400	-65,000	-87,600	-10,500	0	0	0
Prepaid expenses and other current assets
-40,300	-5,500	-11,400	41,600	-2,200	-14,900	-27,400	-43,500	-48,700	-64,900	-63,800	-55,400	0	0	0
Accounts payable and accrued expenses
99,800	114,200	-104,300	-222,700	270,300	102,900	472,200	671,800	183,300	314,500	42,700	96,500	0	0	0
Deferred revenue
16,500	13,300	16,700	-14,900	-9,300	-9,800	-9,900	-8,700	-13,400	-12,300	-16,700	-10,600	0	0	0
Income and other taxes payable
-58,900	-52,000	-9,000	-130,600	-42,700	-4,700	7,300	85,500	-11,000	-5,400	-26,400	-20,800	0	0	0
Other assets and liabilities
-7,400	-10,600	-3,800	-8,700	22,700	26,100	19,100	33,400	-1,700	-10,500	1,100	-15,000	0	0	0
Total adjustments
1,355,200	1,219,100	844,000	567,500	504,300	485,800	231,300	372,900	476,500	536,600	532,400	387,700	0	0	0
Net cash provided by operating activities
781,600	656,700	784,000	665,800	667,800	640,300	500,400	632,000	658,600	676,700	690,700	571,000	0	0	0
Cash Flows From Investing Activities:
Additions to property and equipment
161,600	158,000	143,900	137,500	132,100	138,500	130,200	126,700	110,900	81,600	68,600	56,600	0	0	0
Additions to product rights and other intangibles
8,100	7,800	9,400	9,000	6,900	12,100	19,500	18,700	21,200	14,000	11,300	10,900	0	0	0
Proceeds from sales of property and equipment
6,200	6,500	7,200	8,000	0	0	0	-	-	-	-	-	-	-	-
Proceeds from sale of cost/equity investments
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Proceeds from sales of marketable securities and other investments
-	-	-	58,900	11,000	11,300	7,800	6,100	0	0	0	-	-	-	-
Acquisition of businesses, net of cash acquired
5,553,900	5,553,900	5,500,000	5,742,800	0	0	0	-	-	-	-	67,500	0	0	0
Other investing activities, net
-	-	-	-	-	-	-	-	-	-	-	-2,500	0	0	0
Net cash (used in) investing activities
-5,563,600	-5,577,700	-5,516,300	-5,749,000	-521,600	-534,100	-1,103,800	-719,000	-722,900	-726,700	-162,000	-74,100	0	0	0
Cash Flows From Financing Activities:
Principal payments on debt and other long-term liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Principal payment on debt and other long-term liabilities
-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Proceeds from borrowings on credit facility
125,000	125,000	75,000	375,000	0	0	0	-	-	-	-	-	-	-	-
Principal payments on debt
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Proceeds from stock plans
45,700	13,400	18,200	18,800	18,400	23,200	38,400	54,900	75,800	71,800	60,100	54,700	0	0	0
Payment of contingent consideration
1,200	17,400	66,200	105,300	0	0	0	-	-	-	-	-	-	-	-
Repurchase of common stock
166,100	24,900	26,600	16,100	16,000	16,800	15,300	14,200	14,200	12,800	12,200	6,300	0	0	0
Acquisition of noncontrolling interests
10,400	10,200	9,700	4,500	4,600	4,800	4,100	5,600	0	0	0	-	-	-	-
Excess tax benefit from stock-based compensation
70,300	18,000	19,400	13,700	13,500	14,600	14,100	14,600	0	0	0	-	-	-	-
Net cash (used in) provided by financing activities
4,946,000	4,946,000	4,881,000	5,189,600	-81,700	-104,200	271,300	16,400	-23,600	49,200	-187,200	-411,300	0	0	0
Effect of currency exchange rate changes on cash and cash equivalents
-18,000	-15,700	11,000	3,300	-5,800	-9,500	-3,700	-2,900	0	0	0	-	-	-	-
Net increase in cash and cash equivalents
146,000	9,300	159,700	109,700	58,700	-7,500	-335,800	-73,500	-92,300	300	335,300	81,400	0	0	0