Cabot microelectronics corporation (CCMP)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'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'10Mar'10Dec'09
Cash flows from operating activities:
Net income

32,899

38,549

-20,243

18,878

27,137

13,443

48,218

35,171

29,737

-3,083

26,502

19,939

18,280

22,231

20,707

18,702

9,131

11,309

12,533

9,886

13,811

19,916

16,046

13,302

10,095

11,308

15,475

17,980

9,420

9,703

10,907

13,242

5,530

10,415

9,289

12,789

13,092

16,492

15,290

10,097

10,947

13,124

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

32,550

31,642

28,116

26,587

27,348

16,541

6,349

6,404

6,623

6,500

6,400

6,316

6,518

6,696

6,941

6,595

6,462

6,033

4,772

4,644

4,572

4,731

5,004

5,029

4,899

5,009

4,881

4,938

5,083

5,555

5,962

5,715

5,900

5,968

6,024

5,940

5,974

6,054

6,155

6,197

6,269

6,373

Accretion on Asset Retirement Obligations - Liabilities

149

106

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for doubtful accounts

215

-30

507

239

-145

-169

105

75

-23

28

1

63

-84

46

578

24

-34

20

-10

-34

-28

-12

46

3

-97

-122

-40

177

-96

132

-105

56

3,843

-23

-29

-19

-1

31

-4

8

-136

19

Share-based compensation expense

4,234

4,763

3,179

3,340

3,538

8,170

4,248

4,187

4,201

5,881

3,288

3,251

3,552

2,913

2,758

2,827

3,735

4,467

4,029

3,710

5,299

3,407

3,145

3,106

4,425

3,366

3,033

3,014

3,809

3,494

2,925

2,962

4,026

3,393

2,725

2,723

3,769

3,429

2,669

2,579

3,084

3,311

Deemed repatriation transition tax

-

-

-

-

-

-

-13,301

0

0

24,641

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax expense (benefit)

-8,551

1,434

-10,390

-2,949

-886

-12,925

1,555

-6,011

1,826

13,465

-1,689

511

216

1,354

-2,273

-58

-935

1,509

-2,322

-1,775

1,435

3,531

-1,341

-796

-3,296

4,733

-3,948

-4,835

1,063

2,998

-465

-819

-711

-738

-3,779

6,334

1,906

473

275

-2,176

119

-368

Tax benefit from share-based compensation plans

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash foreign exchange (gain) loss

-423

98

68

-553

-194

-160

-467

1,329

-646

657

35

-644

-748

922

605

251

8

280

-745

-115

-581

50

-1,134

236

-105

60

-8,649

1,164

2,375

1,278

-2,243

262

1,221

12

247

-408

481

-532

-842

-783

475

652

Loss (Gain) on disposal of property, plant and equipment

75

-6

-23

1

91

-33

-46

-27

-18

0

1,199

557

59

5

4

51

-121

-37

-93

21

-50

150

8

5

-112

150

-1,064

469

15

29

-472

36

144

45

102

0

21

17

38

1

16

52

Impairment of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,000

0

0

79

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash charge on inventory step up of acquired inventory sold

0

0

0

42

4,566

10,261

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt issuance costs

782

783

798

800

801

485

-

-

-

63

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-874

1,833

-3,563

-136

-793

3,130

-1,923

1,449

-377

2,517

511

-530

-712

919

158

735

-351

273

255

23

-697

-105

-471

41

-119

-175

623

256

-1,374

-905

-1,852

768

-758

-191

352

-1,356

-753

1,034

179

-114

-8

35

Changes in operating assets and liabilities:
Accounts receivable

8,590

-2,204

12,343

3,258

-6,861

-2,584

2,456

5,242

-363

4,733

-1,652

7,087

-9,328

7,879

9,127

-2,627

3,825

-2,308

-17,391

5,631

5,593

-2,846

9,070

-1,662

-538

1,311

13,868

-5,980

10,398

-12,350

13,914

-5,995

-5,690

2,393

5,108

3,864

2,142

-4,491

-203

503

-5,103

2,818

Inventories

3,066

10,037

1,516

-1,623

13,707

7,393

-5,084

1,755

2,102

1,669

973

970

-2,448

1,725

-4,006

2,812

703

-2,860

13,446

-3,468

-1,931

243

11,286

1,428

-5,103

-3,817

4,565

402

-4,977

1,693

13,370

-1,397

-183

-1,562

-917

1,480

-1,744

-1,635

-384

-2,170

-3,625

464

Prepaid expenses and other assets

-7,475

2,455

4,001

-5,416

-7,466

2,051

-6,664

6,979

3,313

2,190

-1,829

1,095

1,942

368

-3,791

652

-729

-67

11,149

3,993

-4,717

-6,763

674

2,089

6,781

-10,120

6,242

714

-6,366

2,881

-6,020

-1,164

-1,589

4,445

9,606

-4,662

-9,189

3,587

-3,563

-1,921

-627

90

Accounts payable

4,485

-5,587

2,721

-1,129

-8,248

7,819

-345

880

2,440

-2,847

2,078

3,232

-7,152

2,734

2,467

-3,038

2,894

-2,801

-692

119

2,280

-906

2,989

-2,236

-1,240

-363

1,440

1,018

-53

-3,764

2,139

4,034

-4,248

101

2,877

-1,002

-1,484

-1,412

-2,381

2,704

3,876

-2,644

Accrued expenses, income taxes payable and other liabilities

2,159

-14,989

6,814

13,512

-14,214

-26,387

10,620

3,524

3,399

-7,298

12,988

7,530

1,643

-869

5,859

-1,201

604

-8,193

3,602

2,362

770

656

5,939

2,101

-4,084

-10,581

8,898

3,965

4,631

-4,541

5,862

4,287

2,806

-13,307

2,117

6,674

4,534

-14,506

3,743

4,709

5,142

3,266

Net cash provided by operating activities

64,215

48,124

57,936

63,517

39,827

13,701

64,869

36,862

36,516

30,618

51,353

32,107

32,784

25,125

37,454

25,121

25,418

7,218

24,331

25,185

27,018

21,652

30,742

22,313

14,084

339

32,032

23,282

23,966

6,203

24,943

22,829

10,342

10,951

33,920

32,357

18,748

8,541

21,130

19,634

20,429

27,192

Net Cash Provided by (Used in) Investing Activities [Abstract]
Additions to property, plant and equipment

33,179

26,013

23,281

13,219

11,625

7,847

6,063

6,441

4,629

4,175

5,273

4,224

6,740

4,937

3,834

3,506

5,210

5,120

4,864

3,631

2,790

2,527

2,309

2,902

3,650

3,690

4,424

4,663

2,523

3,023

5,323

2,622

4,683

6,958

9,683

8,632

6,448

3,289

3,478

2,841

4,505

833

Proceeds from sales of property, plant and equipment

1,044

543

14

0

1,210

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the sale of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

579

547

85

5

0

0

0

17

0

26

15

160

12

30

0

160

4

2

14

0

-

-

-

-

40

0

0

1

0

2

0

0

Acquisition of a business, net of cash acquired

0

0

1

0

0

1,182,186

-

-

-

0

-

-

-

-

0

451

70

126,455

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of available-for-sale securities

-

-

-

-

-

-

30,636

127,739

499

50,174

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

200

0

0

115

Proceeds from the sale and maturities of investment securities

-

-

-

-

-

-

159,266

4,646

48,697

1,851

0

175

0

0

-

-

-

-

-

-

-

-

0

175

17

2,113

0

0

25

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-32,135

-25,470

-23,268

-13,219

-6,456

-1,190,033

122,567

-139,388

46,568

-52,498

-4,694

-3,502

-6,655

-4,932

-3,834

-3,757

-5,280

-131,558

-4,864

-3,403

-2,775

-2,367

-2,297

-2,697

-2,571

-1,417

-4,420

-4,661

-2,484

-3,023

-5,478

-2,614

-4,633

-6,958

-9,843

-8,632

-6,423

-3,288

-3,678

-2,839

-4,455

-948

Cash flows from financing activities:
Repayment of long-term debt

12,662

5,326

2,663

57,663

45,000

0

0

137,812

3,282

3,281

3,282

3,281

4,375

0

2,187

2,188

2,187

2,188

2,187

2,188

2,187

2,188

2,187

0

2,188

2,187

4,374

2,188

0

4,375

2,188

0

0

0

-

-

-

-

-

-

-

-

Repurchases of common stock

16,616

2,897

5,252

4,773

694

4,001

11,216

23,135

5,196

4,741

8,326

1,431

1,449

3,002

963

0

15,148

12,707

1

15,010

10,006

17,230

7,363

17,637

20,000

10,072

10,001

10,003

10,034

11,256

10,000

10,003

49

14,485

14,112

15,007

15,022

11,358

15,000

10,013

0

751

Proceeds from issuance of long-term debt

0

0

0

0

0

1,062,337

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs

0

0

0

0

0

18,745

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments under financing lease obligations

2

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

21

3

3

2

3

332

327

321

316

310

305

300

295

Proceeds from issuance of stock

8,886

1,448

5,861

988

7,330

3,031

2,734

2,208

11,625

6,464

3,054

2,759

12,313

12,489

13,866

951

2,073

2,622

1,526

626

22,206

11,424

1,409

5,753

3,302

32,606

9,840

7,906

8,921

4,238

6,010

1,453

28,008

1,026

827

5,389

18,328

13,507

790

1,248

1,301

90

Dividends paid

12,265

12,487

12,192

12,198

11,557

10,377

10,223

10,279

5,171

5,057

5,064

5,051

4,495

4,431

4,332

4,326

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax benefits associated with share-based compensation expense

-

-

-

-

-

-

-

-

-

-

731

662

2,620

2,544

1,535

104

242

424

22

72

4,227

1,886

18

542

325

1,921

415

26

116

591

15

4

250

367

-137

59

317

591

0

0

0

0

Net cash provided by financing activities

117,341

-19,264

-14,246

-73,646

-49,921

1,032,245

-19,905

-169,018

-2,024

-6,615

-12,887

-6,342

4,614

7,600

7,919

-5,459

-15,020

-11,849

-640

-16,500

14,240

-6,108

-8,123

5,608

-18,561

22,268

-4,120

-4,259

-997

-10,823

-8,824

-8,549

-143,933

-13,095

-13,754

-9,886

3,302

2,424

-14,520

-9,070

1,001

-956

Effect of exchange rate changes on cash

-3,047

2,443

-605

-234

-70

46

-734

-3,766

3,144

7,835

216

-2,044

7,226

-9,558

2,853

794

3,152

117

-3,330

-240

-261

-1,903

-1,682

1,144

-268

-756

926

-1,105

-1,750

-1,197

922

168

-342

184

-716

766

-244

1,110

1,163

629

-70

-430

Increase (decrease) in cash and cash equivalents

146,374

5,833

19,817

-23,582

-16,620

-144,041

166,797

-275,310

84,204

-20,660

33,988

20,219

37,969

18,235

44,392

16,699

8,270

-136,072

15,497

5,042

38,222

11,274

18,640

26,368

-7,316

20,434

24,418

13,257

18,735

-8,840

11,563

11,834

-138,566

-8,918

9,607

14,605

15,383

8,787

4,095

8,354

16,905

24,858

Supplemental disclosure of non-cash investing and financing activities:
Purchases of property, plant and equipment in accrued liabilities and accounts payable at the end of the period

4,798

9,043

5,605

660

867

1,558

387

-480

529

1,539

-530

-478

267

2,229

304

-167

-1,018

1,886

81

273

501

648

322

248

-711

1,408

569

-508

-556

1,727

-593

102

-839

3,224

991

2,842

1,459

1,030

33

151

226

564

Equity consideration related to the acquisition of KMG Chemicals, Inc

0

0

0

0

0

331,048

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid during the period for lease liabilities

1,928

1,897

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Right of use asset obtained in exchange for lease liabilities

2,179

1,155

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of restricted stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

718

7,067

-

0

568

5,358

0

176

474

5,724

81

0

688

6,005

0

0

507

4,478