Cognex corp (CGNX)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Apr'18Dec'17Sep'17Jun'17Apr'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'10
Cash flows from operating activities:
Net income

191,238

203,865

168,956

207,707

215,154

219,267

146,102

168,159

0

176,712

236,834

188,016

0

143,694

130,065

180,502

181,457

187,074

194,959

141,247

123,481

121,485

115,297

85,624

76,496

73,573

69,374

66,452

69,399

68,098

70,953

71,185

70,515

69,869

70,534

70,642

66,472

61,381

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation expense

48,098

45,589

43,193

42,142

40,177

41,090

39,926

38,809

0

31,942

28,030

24,626

0

20,558

20,087

19,852

20,026

20,168

19,864

18,775

18,100

15,158

13,579

12,501

11,326

10,620

10,024

9,296

8,504

8,520

9,034

9,062

9,030

8,068

7,184

6,942

5,412

3,027

0

0

0

Depreciation of property, plant, and equipment

21,983

21,527

20,799

20,136

19,218

18,473

17,346

16,269

0

13,683

12,938

12,389

0

11,678

11,196

10,629

10,279

9,868

9,472

9,208

8,799

8,443

8,110

7,760

7,467

7,305

7,133

7,137

6,998

6,721

6,424

6,040

5,784

5,529

5,326

5,072

4,836

4,685

0

0

0

Amortization of intangible assets

3,992

3,373

2,888

3,076

3,076

3,076

3,076

3,106

0

3,308

3,349

3,269

0

3,391

3,628

3,929

4,202

4,250

4,293

4,377

4,201

4,024

3,851

3,706

3,752

3,797

3,893

3,972

4,055

4,137

4,170

4,183

4,191

4,227

4,517

4,792

4,968

5,124

0

0

0

Amortization of discounts or premiums on investments

-949

618

578

328

1,409

-108

-140

-128

0

-205

-283

-350

0

-383

-442

-517

-612

-690

-763

-916

-1,130

-1,823

-2,119

-2,360

-2,657

-2,519

-3,012

-3,596

-4,658

-5,735

-6,427

-6,969

-6,756

-6,383

-5,898

-5,100

-4,237

-3,195

0

0

0

Realized (gain) loss on sale of investments

3,262

1,452

682

654

519

501

994

991

0

829

1,143

1,485

0

1,506

837

251

302

344

262

288

201

673

145

120

67

-403

317

637

1,562

1,625

1,197

876

-82

-181

0

0

0

-

-

-

-

Other-than-temporary Impairment Loss, Debt Securities, Available-for-sale

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revaluation of contingent consideration

-416

-1,401

-1,354

-612

-546

-3

-166

-131

0

-28

88

-151

0

-463

-1,253

-1,253

-1,053

-790

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax effect of stock option exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,252

8,366

8,447

7,658

6,922

3,398

2,132

3,594

3,677

4,589

6,003

4,045

5,484

4,442

2,784

1,941

0

0

0

Change in deferred income taxes

95,552

94,866

2,393

-661

84

413

-3,792

-374

0

-1,787

2,323

-63

0

1,908

690

2,342

2,222

1,409

1,539

2,867

3,742

2,364

941

-2,475

-3,732

-2,234

-2,154

243

763

-429

1,575

859

132

425

-3,072

-1,181

-250

-1,034

0

0

0

Change in operating assets and liabilities:
Accounts receivable

-6,162

-16,807

-27,656

-28,295

13,870

1,867

14,942

55,123

0

55,185

33,828

14,355

0

13,251

10,372

16,300

-3,030

3,950

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unbilled revenue

-2,343

-3,530

-2,736

6,698

2,405

906

-34,864

-2,514

0

4,604

38,332

-19,884

0

2,308

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories

-24,018

-23,137

-28,772

-16,668

-14,448

16,946

46,237

52,597

0

37,088

18,921

9,266

0

-10,409

-12,686

-13,707

-8,235

9,457

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

5,574

-7,405

486

-12,899

5,693

9,750

-4,213

6,138

0

7,016

15,563

21,962

0

5,421

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating Lease, Payments, Use

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-4,225

1,633

-9,463

-886

-8,311

-7,247

-7,992

-10,381

0

12,322

19,130

7,677

0

2,087

40

-1,003

-1,643

-8,872

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses

15,490

-8,938

-13,713

-6,224

-1,401

380

7,923

8,967

0

14,476

9,030

5,852

0

7,771

8,739

2,818

1,026

-2,831

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued income taxes

36,417

25,266

-5,449

-20,543

-25,590

-21,903

50,114

66,507

0

71,335

5,525

-1,507

0

1,270

-8,606

3,483

6,844

9,957

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue and customer deposits

9,076

3,875

-2,709

-22,461

2,317

1,434

577

25,009

0

1,619

5,434

8,704

0

3,622

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-3,835

-4,493

1,097

2,190

853

838

2,250

-1,369

0

-1,215

-4,946

-1,286

0

-1,820

1,542

-6,735

4,187

-870

-9,702

13,296

4,126

3,128

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-1,080

-14,020

-3,562

0

0

0

0

Net cash provided by operating activities

257,106

253,225

257,076

270,988

229,929

223,454

235,961

206,319

0

224,323

215,477

223,390

0

182,081

150,990

159,635

152,477

128,327

184,849

150,136

149,810

163,841

99,207

88,188

94,126

95,455

85,557

99,934

107,067

101,131

98,747

78,382

78,341

86,275

91,922

103,121

87,410

76,333

0

0

0

Cash flows from investing activities:
Purchases of investments

972,576

1,031,642

1,049,348

1,110,739

922,520

782,032

837,395

668,434

0

636,856

568,421

600,564

0

751,868

738,052

919,731

749,183

686,650

686,204

455,721

454,982

422,633

403,730

392,875

418,821

370,781

356,168

519,034

480,459

460,486

391,252

264,885

316,397

323,946

363,832

305,432

301,443

253,867

0

0

0

Maturities and sales of investments

1,131,516

1,062,962

959,375

968,732

861,800

812,565

791,507

735,818

0

584,464

556,119

509,708

0

657,250

609,184

775,869

694,299

601,441

621,538

414,958

352,193

339,470

357,115

344,042

365,596

296,091

300,801

317,887

442,570

431,510

333,110

369,692

238,654

241,557

241,780

162,259

113,129

82,928

0

0

0

Purchases of property, plant, and equipment

19,741

21,745

23,257

24,389

28,903

37,095

36,066

38,257

0

28,754

22,369

19,641

0

12,816

15,702

14,050

16,201

18,228

24,873

25,118

22,513

20,934

12,556

10,661

10,407

9,630

8,409

8,884

9,299

9,878

9,896

9,499

8,730

7,820

8,090

7,246

6,348

5,852

0

0

0

Cash paid for acquisition of business, net of cash acquired

-

-

-

-

-

-

-

-1,401

-

24,118

35,920

39,804

0

14,285

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash paid from sale of discontinued business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

315

0

0

0

Net cash provided by (used in) investing activities

-

-

-

-

-

-

-

0

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-27,712

-157,336

-117,495

-170,661

-93,888

-10,827

-81,954

30,528

0

-105,555

-70,882

-150,592

0

-121,832

-147,274

-54,660

21,805

-10,547

3,459

-76,356

-125,302

-104,097

-62,921

-63,244

-67,382

-88,070

-63,776

-210,031

-47,188

-38,854

-68,038

95,308

-86,473

-90,209

-130,142

-150,419

-194,662

-176,476

0

0

0

Cash flows from financing activities:
Issuance of common stock under stock plans

60,206

64,581

32,681

38,389

30,006

26,783

35,689

34,318

0

54,557

65,127

69,818

0

43,468

23,233

14,825

21,356

27,582

28,719

29,361

20,645

16,930

17,453

20,576

24,575

27,792

27,879

19,781

13,532

17,468

18,605

23,973

34,450

30,863

48,897

48,808

37,781

28,384

0

0

0

Repurchase of common stock

112,726

61,690

123,250

144,204

134,620

203,822

166,630

182,680

0

123,715

127,555

100,774

0

47,149

0

0

0

-

-

-

-

59,673

54,989

63,021

62,195

47,908

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payment of dividends

36,063

35,124

34,264

33,487

32,642

31,865

31,084

30,697

0

29,037

27,688

26,742

0

25,213

24,686

24,287

24,012

18,062

0

0

0

-

-

-

-

-

-

-

-

66,213

17,923

17,003

16,069

15,114

14,164

12,745

11,347

10,014

0

0

0

Stock option buyback

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

83

0

0

0

Tax effect of stock option exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,252

8,366

8,447

7,658

6,922

3,398

2,132

3,594

3,677

4,589

6,003

4,045

5,484

4,442

2,784

1,941

0

0

0

Net cash provided by (used in) financing activities

-88,583

-32,233

-124,833

-139,302

-138,256

-209,904

-163,025

-181,985

0

-100,121

-92,042

-57,698

0

-29,231

-20,731

-109,020

-129,007

-116,831

-141,480

-48,747

-26,906

-42,743

-29,284

-34,079

-29,173

-12,458

-45,765

-45,940

-46,278

-45,151

4,359

1,559

14,384

9,794

30,217

40,505

29,218

20,228

0

0

0

Effect of foreign exchange rate changes on cash and cash equivalents

-6,910

-437

-418

-1,123

-2,061

-1,093

5,040

6,074

0

8,294

-2,349

-1,763

0

-3,352

-1,403

-2,717

-1,408

-4,668

-5,444

-3,514

-4,018

-1,951

731

1,433

2,135

557

272

-2,081

-12,403

-10,069

-11,085

-11,933

-1,707

-960

-35

11,527

384

-6,713

0

0

0

Net change in cash and cash equivalents

133,901

63,219

14,330

-40,098

-4,276

1,630

-3,978

60,936

0

26,941

50,204

13,337

0

27,666

-18,418

-6,762

43,867

-3,719

41,384

21,519

-6,416

15,050

7,733

-7,702

-294

-4,516

-23,712

-158,118

1,198

7,057

23,983

163,316

4,545

4,900

-8,038

4,734

-77,650

-86,628

0

0

0

Non-cash items related to discontinued operations:
Stock-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,533

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

566

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

482

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-