BRUKER CORPORATION BRKR Cash Flow

Bruker corporation (BRKR)

CashFlow / TTM

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
177,900	198,000	207,100	189,800	184,300	181,000	100,100	93,500	86,000	80,300	152,400	161,800	152,600	154,500	147,400	113,300	121,600	104,900	69,400	62,800	56,500	59,600	69,000	79,600	86,100	81,800	59,200	82,200	68,800	78,200	104,500	84,700	97,400	94,000	84,400	92,200	92,500	96,800	0	0	0
Adjustments to reconcile consolidated net income to cash flows from operating activities:
Depreciation and amortization
75,600	75,600	73,900	70,900	68,100	64,900	64,000	65,200	64,600	63,900	62,100	58,700	56,200	54,300	53,700	53,300	53,000	53,300	52,100	56,400	58,000	59,700	63,500	61,100	61,300	61,300	62,000	60,700	60,700	59,100	56,100	55,800	54,600	52,900	51,600	47,100	40,500	36,100	0	0	0
Write-down of demonstration inventories to net realizable value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,200	-	20,600	22,900	25,600	28,200	31,300	31,900	32,500	32,700	32,900	33,400	32,500	31,500	30,600	24,700	30,300	30,000	25,700	32,600	25,300	24,400	0	0	0
Amortization of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Stock-based compensation expense
9,800	9,600	13,200	12,500	11,900	11,300	10,800	10,600	10,900	11,000	11,000	10,400	9,800	9,400	9,000	8,700	8,000	8,000	8,100	8,000	9,600	9,400	8,900	8,400	6,800	6,600	6,700	7,200	7,700	7,800	8,000	7,900	8,000	7,900	7,700	7,400	7,100	6,900	0	0	0
Deferred income taxes
-4,100	-5,400	-7,000	-8,000	-8,200	-15,100	24,600	23,000	20,700	28,200	4,400	-20,900	-19,600	-22,700	-60,400	-32,800	-28,400	-29,400	0	0	0	-	-	10,300	10,300	7,400	-19,500	-13,900	-13,000	-11,700	-3,500	-900	-1,900	-4,800	2,300	300	2,100	-3,600	0	0	0
Gain (loss) on disposal of product lines
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-cash expenses, net
2,900	10,100	66,800	58,500	53,500	39,800	-20,500	-11,400	-2,500	11,600	52,700	39,800	21,700	24,100	30,200	29,300	51,500	45,900	15,800	14,800	7,900	14,200	-7,800	0	-100	2,100	-4,000	-3,200	-1,700	-4,900	-2,200	-1,600	-2,600	-1,200	0	0	0	-	-	-	-
Changes in operating assets and liabilities, net of acquisitions and divestitures:
Accounts receivable
-30,500	5,000	31,600	56,500	46,500	30,500	54,000	35,800	71,100	55,500	32,200	21,800	-10,000	8,400	-22,700	-32,700	-700	-45,000	-1,700	800	-24,200	14,500	-11,900	-30,500	15,200	19,300	33,300	55,900	18,600	-1,600	-10,900	-12,200	13,700	52,800	54,400	65,100	42,000	27,300	0	0	0
Inventories
78,000	60,200	61,100	60,500	46,700	35,500	24,400	14,800	7,500	6,600	7,300	19,800	45,500	43,200	38,100	26,500	-2,400	5,400	-10,800	-4,100	-6,000	-4,600	6,300	10,800	-4,700	-5,700	11,500	12,800	34,000	49,500	70,000	79,900	111,600	103,300	98,000	101,200	80,600	68,000	0	0	0
Accounts payable and accrued expenses
24,000	15,900	16,500	21,400	29,700	5,000	41,100	44,500	22,700	33,700	-16,700	-31,700	-13,300	-19,600	-3,700	7,600	10,400	12,600	-10,900	-7,200	-19,700	9,000	26,000	30,000	36,700	7,000	21,300	-5,200	5,600	4,600	-5,900	6,100	300	23,400	37,100	33,300	38,000	29,600	0	0	0
Income taxes payable, net
6,000	13,100	6,100	500	-600	4,000	3,000	-2,900	8,300	5,200	-13,300	-3,000	-19,500	-26,800	7,400	8,000	15,900	22,700	15,900	-3,900	4,700	5,600	-15,900	-23,000	-30,700	-28,700	-30,000	-10,400	-2,700	-13,000	0	0	0	-	-	-	-	-	-	-	-
Deferred revenue
14,000	7,300	12,000	6,600	15,100	7,100	9,000	10,400	9,000	4,000	1,700	2,800	-3,400	4,900	8,000	10,300	16,100	3,800	9,500	9,900	4,800	12,900	5,500	1,500	6,700	4,600	4,500	6,400	2,200	-4,400	0	0	0	-	-	-	-	-	-	-	-
Customer advances
14,200	4,200	-7,700	2,900	-7,800	3,500	9,000	-7,500	-6,900	-27,800	-35,500	-21,500	8,000	-7,300	4,600	2,400	-25,900	1,400	-22,800	-20,800	-31,700	-48,200	-28,300	-25,000	-23,400	-12,100	-20,700	-48,700	-26,600	-4,600	21,000	50,600	43,200	31,300	37,500	17,000	35,600	27,900	0	0	0
Other changes in operating assets and liabilities, net
53,000	49,800	24,700	16,100	15,300	-4,200	6,300	1,900	-3,200	-6,400	-9,900	-18,700	-20,400	-11,600	7,600	21,800	25,900	33,800	8,700	18,800	14,500	8,700	7,700	-3,900	-2,800	3,200	-6,000	1,500	-4,200	-7,000	16,500	2,600	-14,200	8,700	41,100	22,000	35,800	4,700	0	0	0
Net cash provided by operating activities
234,200	213,400	209,500	184,600	210,100	239,700	211,100	218,900	165,600	154,400	141,500	142,100	177,400	130,800	189,600	207,800	188,200	229,200	148,900	108,300	122,800	114,300	176,400	201,400	181,700	145,000	104,500	66,300	110,100	133,100	134,300	155,200	121,900	87,700	89,000	77,400	121,200	156,100	0	0	0
Cash flows from investing activities:
Purchases of short-term investments
0	-	-	-	-	-	-	-	-	118,500	167,400	211,900	190,100	126,500	159,000	143,400	159,600	159,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Maturities of short-term investments
-	-	-	-	-	117,000	169,800	234,400	245,100	186,800	176,600	184,300	202,000	165,000	199,800	128,500	118,900	118,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for acquisitions, net of cash acquired
95,900	90,000	215,300	225,900	207,300	191,600	55,800	45,200	26,900	66,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	11,600	16,900	7,400	6,100	27,000	34,700	34,700	35,800	14,300	0	0	0	-	-	-	-
Proceeds from disposal of product lines
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,300	12,800	700	700	500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property, plant and equipment
92,900	73,000	65,100	60,300	51,300	49,200	41,300	40,100	40,700	43,700	42,400	41,000	40,600	37,100	37,400	38,000	36,500	34,200	29,900	30,400	30,300	33,800	35,700	36,000	44,900	50,300	64,300	73,500	75,800	72,800	68,300	58,900	63,300	61,600	54,500	54,300	36,400	31,900	0	0	0
Net proceeds from cross- currency swap agreements
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of property, plant and equipment
-	-	-	-	-	-	-	-	-	11,500	7,100	7,100	7,100	1,100	0	0	0	-	-	-	-	3,100	3,500	1,900	1,400	1,400	1,600	2,200	3,100	3,300	0	0	0	-	-	-	-	-	-	-	-
Net cash used in investing activities
-232,300	-158,400	-275,500	-292,000	-258,200	-123,400	77,400	153,800	149,200	-30,200	-115,000	-143,300	-85,700	-21,800	-25,100	-81,400	-104,100	-102,400	-125,000	-140,600	-199,700	-201,900	-144,100	-110,700	-53,600	-60,000	-79,100	-74,900	-75,000	-93,200	-94,700	-86,600	-91,100	-68,700	-280,400	-283,000	-303,700	-299,000	0	0	0
Repayments of Note Purchase Agreement
-	15,000	0	0	0	-	-	-	-	20,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Repayments) proceeds of revolving lines of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Proceeds from 2019 Term Loan Agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	240,000	0	0	0	-	-	-	-	-	-	-	-
Repayments of revolving lines of credit
-	361,900	66,100	44,100	49,000	218,100	267,500	292,500	285,000	130,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	216,500	0	0	0	-	-	-	-	-	-	-	-
Proceeds from revolving lines of credit
407,500	250,600	0	0	0	-	-	-	-	154,000	201,000	148,000	143,000	146,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds of other debt
0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of other debt, net
-8,800	-4,600	-900	-1,000	-400	-4,800	1,000	200	-700	-900	-1,200	-600	-600	-100	-100	-200	-100	-600	-300	100	500	800	1,500	1,600	1,100	1,600	38,600	57,400	76,100	83,200	53,200	41,900	31,300	29,300	27,300	25,400	23,300	21,600	0	0	0
Payment of deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,400	0	0	0	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock, net
8,400	10,900	8,600	8,200	9,900	9,400	13,600	17,800	21,400	20,000	16,600	11,100	5,200	11,500	14,000	14,200	15,000	10,800	7,600	9,300	8,200	7,900	7,500	8,500	7,100	8,200	8,900	5,600	6,800	4,500	3,800	3,700	2,600	3,300	6,400	6,800	6,900	6,000	0	0	0
Payment of contingent consideration
5,500	6,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	3,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of dividends
24,900	25,000	25,100	25,200	25,100	25,100	25,100	25,100	25,300	25,400	25,500	25,600	25,700	25,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	160,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	3,800	1,000	-1,200	-1,600	-3,200	-1,400	-1,000	400	-400	100	-900	-2,000	-400	-1,300	0	0	0
Cash payments to noncontrolling interest
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits related to stock option awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
500,100	300,000	98,700	132,800	77,600	-112,400	-278,500	-332,000	-325,500	-159,000	-43,400	-15,000	-18,700	-27,900	-222,200	-211,800	-215,000	-169,400	-700	2,400	8,300	6,700	7,900	27,000	28,700	26,500	26,000	19,600	19,900	34,400	26,000	34,800	22,200	3,300	193,300	163,200	168,500	168,300	0	0	0
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-5,700	600	-7,500	-1,400	-14,700	-6,500	-3,000	400	17,800	17,800	2,400	1,500	-6,600	-6,400	3,700	-4,600	5,400	-11,000	-21,400	-39,100	-50,900	-38,300	-17,800	21,200	27,800	16,600	13,300	-400	-15,100	-9,700	-19,300	-32,900	-16,800	-6,700	5,900	24,600	4,200	-2,100	0	0	0
Net change in cash, cash equivalents and restricted cash
496,300	355,600	25,200	24,000	14,800	-2,600	7,000	41,100	7,100	-17,000	-14,500	-14,700	66,400	74,700	-54,000	-90,000	-125,500	-53,600	1,800	-69,000	-119,500	-119,200	22,400	138,900	184,600	128,100	64,700	10,600	39,900	64,600	46,300	70,500	36,200	15,600	7,800	-17,800	-9,800	23,300	0	0	0