BRUKER CORPORATION BRKR Cash Flow

Bruker corporation (BRKR)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	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:
Consolidated net income
10,600	68,800	61,500	37,000	30,700	77,900	44,200	31,500	27,400	-3,000	37,600	24,000	21,700	69,100	47,000	14,800	23,600	62,000	12,900	23,100	6,900	26,500	6,300	16,800	10,000	35,900	16,900	23,300	5,700	13,300	39,900	9,900	15,100	39,600	20,100	22,600	11,700	30,000	27,900	22,900	16,000
Adjustments to reconcile consolidated net income to cash flows from operating activities:
Depreciation and amortization
19,000	18,300	18,900	19,400	19,000	16,600	15,900	16,600	15,800	15,700	17,100	16,000	15,100	13,900	13,700	13,500	13,200	13,300	13,300	13,200	13,500	12,100	17,600	14,800	15,200	15,900	15,200	15,000	15,200	16,600	13,900	15,000	13,600	13,600	13,600	13,800	11,900	12,300	9,100	7,200	7,500
Write-down of demonstration inventories to net realizable value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,800	-	5,100	4,900	5,000	5,600	7,400	7,600	7,600	8,700	8,000	8,200	7,800	8,900	8,500	7,300	6,800	8,000	2,600	12,900	6,500	3,700	9,500	5,600	5,600
Amortization of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	200	100	-	200	100	200
Stock-based compensation expense
3,300	-500	4,000	3,000	3,100	3,100	3,300	2,400	2,500	2,600	3,100	2,700	2,600	2,600	2,500	2,100	2,200	2,200	2,200	1,400	2,200	2,300	2,100	3,000	2,000	1,800	1,600	1,400	1,800	1,900	2,100	1,900	1,900	2,100	2,000	2,000	1,800	1,900	1,700	1,700	1,600
Deferred income taxes
1,100	-4,900	-200	-100	-200	-6,500	-1,200	-300	-7,100	33,200	-2,800	-2,600	400	9,400	-28,100	-1,300	-2,700	-28,300	-500	3,100	-3,700	-	-	0	300	15,500	-5,500	0	-2,600	-11,400	100	900	-1,300	-3,200	2,700	-100	-4,200	3,900	700	1,700	-9,900
Gain (loss) on disposal of product lines
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-700	8,700	0	300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-cash expenses, net
-11,700	11,800	4,400	-1,600	-4,500	68,500	-3,900	-6,600	-18,200	8,200	5,200	2,300	-4,100	49,300	-7,700	-15,800	-1,700	55,400	-8,600	6,400	-7,300	25,300	-9,600	-500	-1,000	3,300	-1,800	-600	1,200	-2,800	-1,000	900	-2,000	-100	-400	-100	-600	-	-	-	-
Changes in operating assets and liabilities, net of acquisitions and divestitures:
Accounts receivable
-29,500	-3,000	18,600	-16,600	6,000	23,600	43,500	-26,600	-10,000	47,100	25,300	8,700	-25,600	23,800	14,900	-23,100	-7,200	-7,300	4,900	8,900	-51,500	36,000	7,400	-16,100	-12,800	9,600	-11,200	29,600	-8,700	23,600	11,400	-7,700	-28,900	14,300	10,100	18,200	10,200	15,900	20,800	-4,900	-4,500
Inventories
61,000	-20,700	11,100	26,600	43,200	-19,800	10,500	12,800	32,000	-30,900	900	5,500	31,100	-30,200	13,400	31,200	28,800	-35,300	1,800	2,300	36,600	-51,500	8,500	400	38,000	-40,600	13,000	-15,100	37,000	-23,400	14,300	6,100	52,500	-2,900	24,200	37,800	44,200	-8,200	27,400	17,200	31,600
Accounts payable and accrued expenses
19,100	5,600	7,500	-8,200	11,000	6,200	12,400	100	-13,700	42,300	15,800	-21,700	-2,700	-8,100	800	-3,300	-9,000	7,800	12,100	-500	-6,800	-15,700	15,800	-13,000	21,900	1,300	19,800	-6,300	-7,800	15,600	-6,700	4,500	-8,800	5,100	5,300	-1,300	14,300	18,800	1,500	3,400	5,900
Income taxes payable, net
-15,000	19,500	12,800	-11,300	-7,900	12,500	7,200	-12,400	-3,300	11,500	1,300	-1,200	-6,400	-7,000	11,600	-17,700	-13,700	27,200	12,200	-9,800	-6,900	20,400	-7,600	-1,200	-6,000	-1,100	-14,700	-8,900	-4,000	-2,400	4,900	-1,200	-14,300	-	-	-	-	-	-	-	-
Deferred revenue
20,600	-2,400	500	-4,700	13,900	2,300	-4,900	3,800	5,900	4,200	-3,500	2,400	900	1,900	-2,400	-3,800	9,200	5,000	-100	2,000	-3,100	10,700	300	-3,100	5,000	3,300	-3,700	2,100	2,900	3,200	-1,800	-2,100	-3,700	-	-	-	-	-	-	-	-
Customer advances
16,500	13,300	-8,200	-7,400	6,500	1,400	2,400	-18,100	17,800	6,900	-14,100	-17,500	-3,100	-800	-100	12,000	-18,400	11,100	-2,300	-16,300	8,900	-13,100	-300	-27,200	-7,600	6,800	3,000	-25,600	3,700	-1,800	-25,000	-3,500	25,700	23,800	4,600	-10,900	13,800	30,000	-15,900	7,700	6,100
Other changes in operating assets and liabilities, net
20,400	13,600	10,300	8,700	17,200	-11,500	1,700	7,900	-2,300	-1,000	-2,700	2,800	-5,500	-4,500	-11,500	1,100	3,300	14,700	2,700	5,200	11,200	-10,400	12,800	900	5,400	-11,400	1,200	2,000	11,400	-20,600	8,700	-3,700	8,600	2,900	-5,200	-20,500	31,500	35,300	-24,300	-6,700	400
Net cash provided by operating activities
35,000	136,200	52,400	10,600	14,200	132,300	27,500	36,100	43,800	103,700	35,300	-17,200	32,600	90,800	35,900	18,100	-14,000	149,600	54,100	-1,500	27,000	69,300	13,500	13,000	18,500	131,400	38,500	-6,700	-18,200	90,900	300	37,100	4,800	92,100	21,200	3,800	-29,400	93,400	9,600	47,600	5,500
Cash flows from investing activities:
Purchases of short-term investments
50,000	-	-	-	-	-	-	-	-	0	0	33,200	85,300	48,900	44,500	11,400	21,700	81,400	28,900	27,600	21,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Maturities of short-term investments
-	-	-	-	-	0	0	0	117,000	52,800	64,600	10,700	58,700	42,600	72,300	28,400	21,700	77,400	1,000	18,800	21,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for acquisitions, net of cash acquired
22,000	11,000	7,100	55,800	16,100	136,300	17,700	37,200	400	500	7,100	18,900	39,800	-	-	-	-	-	-	-	-	-	-	-	-	0	9,500	1,300	800	5,300	0	0	21,700	13,000	0	1,100	200	-	-	-	-
Proceeds from disposal of product lines
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,500	12,100	0	700	0	0	0	500	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property, plant and equipment
30,500	28,200	16,200	18,000	10,600	20,300	11,400	9,000	8,500	12,400	10,200	9,600	11,500	11,100	8,800	9,200	8,000	11,400	9,400	7,700	5,700	7,100	9,900	7,600	9,200	9,000	10,200	16,500	14,600	23,000	19,400	18,800	11,600	18,500	10,000	23,200	9,900	11,400	9,800	5,300	5,400
Net proceeds from cross- currency swap agreements
1,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of property, plant and equipment
-	-	-	-	-	-	-	-	-	4,600	0	300	6,600	200	0	300	600	-	-	-	-	200	1,800	500	600	600	200	0	600	800	800	900	800	-	-	-	-	-	-	-	-
Net cash used in investing activities
-100,600	-39,200	-12,600	-79,900	-26,700	-156,300	-29,100	-46,100	108,100	44,500	47,300	-50,700	-71,300	-40,300	19,000	6,900	-7,400	-43,600	-37,300	-15,800	-5,700	-66,200	-52,900	-74,900	-7,900	-8,400	-19,500	-17,800	-14,300	-27,500	-15,300	-17,900	-32,500	-29,000	-7,200	-22,400	-10,100	-240,700	-9,800	-43,100	-5,400
Repayments of Note Purchase Agreement
-	0	0	0	15,000	-	-	-	-	0	0	0	20,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Repayments) proceeds of revolving lines of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-100	-300	-100
Proceeds from 2019 Term Loan Agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	240,000	-	-	-	-	-	-	-	-
Repayments of revolving lines of credit
-	311,400	22,000	2,600	25,900	15,600	0	7,500	195,000	65,000	25,000	0	40,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	216,500	-	-	-	-	-	-	-	-
Proceeds from revolving lines of credit
197,500	0	50,000	160,000	40,600	-	-	-	-	0	75,000	46,000	33,000	47,000	22,000	41,000	36,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds of other debt
1,200	-	-100	300	200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of other debt, net
300	-9,400	200	100	4,500	-5,700	100	700	100	100	-700	-200	-100	-200	-100	-200	400	-200	-200	-100	-100	100	200	300	200	800	300	-200	700	37,800	19,100	18,500	7,800	7,800	7,800	7,900	5,800	5,800	5,900	5,800	4,100
Payment of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,400	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock, net
600	2,800	2,300	2,700	3,100	500	1,900	4,400	2,600	4,700	6,100	8,000	1,200	1,300	600	2,100	7,500	3,800	800	2,900	3,300	600	2,500	1,800	3,000	200	3,500	400	4,100	900	200	1,600	1,800	200	100	500	2,500	3,300	500	600	1,600
Payment of contingent consideration
300	600	1,000	3,600	1,000	-	-	-	-	-	-	-	-	-	-	-	-	0	0	900	2,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of dividends
6,200	6,200	6,200	6,300	6,300	6,300	6,300	6,200	6,300	6,300	6,300	6,400	6,400	6,400	6,400	6,500	6,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	16,500	25,900	38,700	78,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	600	800	-	-	-	-300	2,300	0	1,800	-3,100	100	-400	200	-1,300	500	1,000	-600	-800	-500	-100	1,000	-1,700
Cash payments to noncontrolling interest
1,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits related to stock option awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
191,300	277,900	-19,500	50,400	-8,800	76,600	14,600	-4,800	-198,800	-89,500	-38,900	1,700	-32,300	26,100	-10,500	-2,000	-41,500	-168,200	-100	-5,200	4,100	500	3,000	700	2,500	1,700	22,100	2,400	300	1,200	15,700	2,700	14,800	-7,200	24,500	-9,900	-4,100	182,800	-5,600	-4,600	-4,300
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-8,700	7,000	-6,800	2,800	-2,400	-1,100	-700	-10,500	5,800	2,400	2,700	6,900	5,800	-13,000	1,800	-1,200	6,000	-2,900	-6,500	8,800	-10,400	-13,300	-24,200	-3,000	2,200	7,200	14,800	3,600	-9,000	3,900	1,100	-11,100	-3,600	-5,700	-12,500	5,000	6,500	6,900	6,200	-15,400	200
Net change in cash, cash equivalents and restricted cash
117,000	381,900	13,500	-16,100	-23,700	51,500	12,300	-25,300	-41,100	61,100	46,400	-59,300	-65,200	63,600	46,200	21,800	-56,900	-65,100	10,200	-13,700	15,000	-9,700	-60,600	-64,200	15,300	131,900	55,900	-18,500	-41,200	68,500	1,800	10,800	-16,500	50,200	26,000	-23,500	-37,100	42,400	400	-15,500	-4,000