Cerner corporation (CERN)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
CASH FLOWS FROM OPERATING ACTIVITIES:
Net earnings

529,454

630,059

866,978

636,484

539,362

525,433

398,354

397,232

306,627

237,272

193,465

188,658

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

687,966

642,591

580,723

504,236

452,225

302,353

263,538

222,580

212,556

193,337

189,603

170,466

Share-based compensation expense

103,641

95,423

83,019

74,536

70,121

59,292

46,295

36,113

27,919

23,723

15,786

14,683

Provision for deferred income taxes

51,125

34,428

47,409

-11,517

65,245

106,905

-22,647

8,342

-22,113

30,362

-4,141

-2,521

Investment gains

29,621

0

0

-

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Receivables, net

-58,113

207,785

32,836

-78,258

160,124

74,786

9,599

83,705

128,979

17,370

46,599

108,072

Inventory

-1,855

9,307

972

666

-12,951

-8,117

8,111

279

12,329

-188

-290

2,542

Prepaid expenses and other

76,748

-156,216

191,369

66,658

55,363

14,625

36,038

2,224

-9,974

-35,378

26,350

11,735

Accounts payable

-8,734

65,202

6,960

-13,197

7

2,974

4,130

35,265

17,504

30,812

-53,417

2,320

Accrued income taxes

-4,599

-27,849

18,358

64,073

55,269

-21,764

14,694

-22,784

26,053

-42,651

29,263

22,827

Deferred revenue

-39,245

81,538

-3,114

1,555

9,450

4,346

18,053

33,277

33,792

-24,618

28,127

8,345

Other accrued liabilities

39,892

-6,507

-67,481

-21,467

50,785

-51,218

27,196

84,497

75,290

-9,989

21,264

-627

Net cash provided by operating activities

1,313,099

1,454,009

1,307,675

1,245,637

1,039,928

847,027

695,865

708,314

546,294

456,444

347,291

281,802

CASH FLOWS FROM INVESTING ACTIVITIES:
Capital purchases

471,518

446,928

362,083

459,427

362,132

276,584

352,877

183,429

104,795

102,311

131,265

108,099

Capitalized software development costs

273,871

273,693

274,148

293,696

264,656

177,800

174,649

100,189

82,942

80,979

77,747

70,098

Purchases of investments

364,648

623,293

632,048

482,078

487,981

1,214,036

1,106,819

1,286,997

1,083,274

803,832

266,776

488,761

Sales and maturities of investments

579,755

551,796

292,074

463,899

1,208,387

1,404,846

1,070,598

932,394

791,881

491,492

97,481

506,271

Purchase of other intangibles

35,587

36,819

29,646

18,472

21,432

13,517

56,805

22,870

20,620

10,780

12,485

4,201

Payments to Acquire Businesses, Net of Cash Acquired

74,539

0

0

-

1,478,129

7,476

67,877

40,540

65,341

14,486

3,529

5,719

Net cash used in investing activities

-640,408

-828,937

-1,005,851

-789,774

-1,405,943

-284,567

-688,429

-701,631

-565,091

-520,896

-394,321

-170,607

CASH FLOWS FROM FINANCING ACTIVITIES:
Long-term debt issuance

600,000

0

0

-

500,000

0

0

-

-

-

-

44,500

Repayments of Long-term Debt

0

75,000

0

0

14,325

14,930

24,700

17,083

25,701

27,625

32,352

59,817

Proceeds from excess tax benefits from share-based compensation

-

-

-

-

-

39,532

39,927

48,370

36,433

26,226

17,445

9,166

Proceeds from exercise of stock options

258,036

91,349

76,705

63,794

51,475

31,879

31,403

38,147

38,900

34,724

29,789

15,364

Payments to taxing authorities in connection with shares directly withheld from associates

16,601

9,873

11,584

38,122

36,443

-

-

-

-

-

-

-

Treasury stock purchases

1,320,542

623,127

173,434

700,275

345,057

217,082

170,042

0

0

-

-

28,002

Dividends paid

113,823

0

0

-

-

-

-

-

-

-

-

-

Contingent consideration payments for acquisition of businesses

-

-

-

2,074

11,012

10,617

800

-3,400

-779

-

-

-

Cash Grants

-

-

-

-

-

48,000

0

0

-

-

-

-

Other financing activities

-8,450

6,864

-2,671

0

-791

2,894

4,823

0

0

0

-

-

Proceeds from sale of future receivables

-

-

-

-

-

-

-

-

-

1,516

1,888

7,135

Net cash used in financing activities

-601,380

-609,787

-110,984

-676,677

143,847

-120,324

-119,389

66,034

48,853

34,841

16,770

-11,654

Effect of exchange rate changes on cash and cash equivalents

-3,594

-12,082

9,222

-10,447

-10,913

-9,310

-2,790

1,257

-1,421

2,399

1,489

-11,961

Net increase (decrease) in cash and cash equivalents

67,717

3,203

200,062

-231,261

-233,081

432,826

-114,743

73,974

28,635

-27,212

-28,771

87,580

Cash paid during the year for:
Interest

-

-

-

-

-

-

-

6,448

5,786

6,887

8,583

10,512

Income taxes, net of refunds

-

-

-

-

-

-

-

158,871

115,867

121,737

47,114

56,066

Summary of acquisition transactions:
Fair value of tangible assets acquired

-

-

-

-

-532,625

-184

-6,165

6,375

8,464

-1,069

-

-

Fair value of intangible assets acquired

-

-

-

-

-637,980

-3,800

-25,489

-18,559

-32,264

-5,076

-

-

Fair value of goodwill

-

-

-

-

-485,387

-16,785

-59,570

-35,281

-50,751

-11,290

-3,529

-

Less: Fair value of liabilities assumed

-

-

-

-

-176,863

-1,693

-3,615

-

-

-

-

-

Less: Fair value of contingent liability payable

-

-

-

-

-1,000

-11,600

-18,982

-1,916

-5,235

-1,725

-

-

Less: Fair value of working capital settlement payable

-

-

-

-

-

-

-

-

-939

0

-

-

Cash paid for acquisitions

-

-

-

-

-

-

68,627

45,549

68,377

15,710

3,529

-

Fair value of net tangible assets (liabilities) acquired (assumed)

-

-

-

-

-532,625

-

-

-

-

-

-

-

Cash acquired

-

-

-

-

-

-

750

5,009

3,036

1,224

-

-

Net cash used

74,539

0

0

-

1,478,129

7,476

67,877

40,540

65,341

14,486

3,529

5,719