Cirrus logic, inc. (CRUS)
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'10
Cash flows from operating activities:
Net income

10,158

68,512

76,210

4,618

6,157

29,933

58,173

-4,272

12,004

33,779

73,300

42,912

35,058

122,041

86,039

18,071

14,012

41,384

34,880

33,354

21,349

22,729

852

10,248

12,602

41,500

33,367

20,642

26,360

67,862

35,449

6,927

50,827

16,731

11,247

9,178

130,406

24,621

30,874

17,602

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

12,858

17,468

18,166

19,745

17,188

17,342

22,657

22,639

22,224

20,144

19,435

19,596

15,444

15,028

15,049

17,912

14,806

15,233

14,633

13,388

12,877

10,869

7,012

4,097

4,037

3,934

3,545

3,367

3,522

2,890

4,192

2,958

2,710

2,606

2,394

2,262

2,210

2,042

1,972

1,921

Stock-based compensation expense

14,057

14,160

13,758

11,782

12,583

11,181

13,131

12,794

12,533

12,513

12,292

11,403

10,885

9,474

9,924

9,310

8,789

7,763

8,682

8,272

7,736

10,284

13,907

5,622

5,361

6,063

5,788

5,862

5,735

6,026

5,562

4,172

3,453

2,767

3,516

2,442

2,293

1,467

3,025

1,356

Deferred income taxes

-2,485

-1,484

-1,668

-251

3,964

-750

-1,126

-371

-1,614

12,914

-89

435

5,600

1,440

5,245

-1,400

15,181

-2,026

-2,722

12,769

7,307

19,275

3,522

2,134

-955

10,342

16,470

10,102

7,998

35,688

13,566

3,348

-30,218

8,929

6,154

4,981

-

-

-

-

(Gain) loss on retirement or write-off of long-lived assets

-333

-41

-3

-2

4,939

-1,343

-569

-314

-165

-84

-225

-152

-9,963

-173

-156

-95

-1,348

-1,243

-6

-156

-669

-624

0

-325

-

-

-

-

-

-

-

-

-33

7

1

2

0

-4

81

-53

Charges (payments) for defined benefit pension plan

-

-

-

-

-

-

-

-

-11,587

0

0

658

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Actuarial (gain) loss amortization on defined benefit pension plan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3

16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from employee stock awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,184

20,370

1,019

3,119

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-cash charges

-137

-107

-107

-346

-107

-106

-109

-107

172

-127

-121

3,940

-11,527

-438

3,082

-97

-34,083

5,388

5,109

3,884

6,038

1,896

12,108

2,125

1,764

1,637

1,094

1,265

1,920

626

1,096

1,150

-

0

0

0

-

-

-

-7

Net change in operating assets and liabilities:
Accounts receivable, net

-22,199

-42,024

106,464

-9,159

-21,479

-64,653

80,184

20,264

-116,818

-14,761

69,943

42,463

-126,656

-22,929

128,666

52,361

-39,222

-41,669

48,505

8,230

-35,778

22,225

36,898

13,999

-46,315

11,149

33,998

-5,647

-101,394

39,813

81,704

5,109

-10,359

9,614

2,931

2,869

1,832

-11,185

13,915

10,573

Inventories

9,048

-6,909

-1,488

-18,416

-3,146

25,564

-30,748

-32,306

12,793

-17,824

8,362

34,534

13,767

-7,126

7,211

12,028

4,292

-6,144

17,672

41,999

10,300

-49,145

509

22,259

-242

-21,262

-19,377

-8,676

-15,723

-9,858

52,312

40,875

-2,164

8,527

2,701

6,354

301

-1,767

-452

7,019

Other assets

-11,271

3,076

3,850

2,966

-5,725

759

640

3,361

-9,193

-2,575

-5,997

941

-1,790

5,799

-3,207

-1,377

-

-

-

-

-

-

-

698

-7,024

-2,218

5,949

2,054

-2,404

-3,070

5,109

231

5,378

246

1,365

2,794

259

-325

707

517

Other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,419

2,018

-2,792

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

-19,454

-14,445

58,305

3,220

-30,706

9,257

30,669

-31,185

-27,218

-22,297

49,464

194

-94,901

32,198

35,192

29,283

-42,317

1,717

-21,005

20,149

35,616

-7,889

-15,233

24,010

-8,381

1,037

14,880

-16,979

-30,693

-5,877

32,007

26,986

-3,719

2,742

10,771

675

4,255

-8,762

4,860

6,946

Deferred income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,162

-1,420

846

-1,369

688

199

-2,731

1,767

633

125

439

-537

-623

-1,001

-578

-70

-1,283

-823

-411

2,901

-264

-641

-812

2,073

Income taxes payable

-6,014

-1,504

4,793

-7,084

-4,366

255

155

-4,018

-21,704

39,890

2,085

2,712

-2,667

2,998

8,238

2,400

-

-

-

-

-1,123

-3,575

1,546

2,513

-

-

-624

721

298

-228

36

157

-370

276

-229

193

-698

276

288

54

Net cash provided by operating activities

49,268

128,712

60,848

56,987

9,558

118,186

74,261

4,689

105,688

132,314

84,525

-3,816

124,858

208,046

24,091

12,756

32,748

116,327

-43,211

43,182

103,761

61,390

-14,440

12,766

65,013

71,924

54,389

36,712

130,447

79,190

-48,226

-587

31,284

14,848

26,446

10,617

20,386

30,431

24,220

11,903

Cash flows from investing activities:
Maturities and sales of available-for-sale marketable securities

39,057

40,839

48,865

42,057

29,451

11,094

12,640

17,655

9,685

19,467

6,794

102,275

55,629

65,703

60,544

30,987

8,263

19,378

62,002

36,017

29,337

5,521

20,124

246,865

69,643

55,077

9,395

4,922

31,197

38,081

17,127

40,931

6,048

41,471

35,812

97,951

-

-

-

-

Purchases of available-for-sale marketable securities

85,538

42,825

52,437

68,663

32,135

35,611

13,181

17,937

22,556

57,662

9,542

148,674

83,090

19,927

83,672

44,743

-102

67

-44

22,649

104,180

19,966

0

9,290

169,514

68,348

43,959

39,698

140,771

32,097

1,482

4,497

5,346

52,009

36,431

34,066

-

-

-

-

Purchases of property, equipment and software

2,394

3,929

5,517

3,816

8,194

4,579

8,015

10,827

16,574

12,825

15,032

10,749

15,469

8,261

10,974

7,145

7,849

11,697

11,422

10,601

12,384

9,305

7,348

3,274

4,355

3,765

5,716

1,222

1,497

19,980

14,099

17,326

10,281

7,263

10,242

8,162

2,341

1,661

12,338

3,720

Investments in technology

1,027

163

429

4,301

1,443

452

520

1,728

6,043

1,471

1,047

20,762

527

3,177

2,356

3,387

538

1,130

1,035

1,816

3,041

239

995

112

214

787

645

650

-

-

-

1,103

593

-370

286

6,095

317

473

430

307

Loss on foreign exchange hedging activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

881

11,095

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in restricted investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,898

0

-2,857

-31

31

0

-600

500

Increase in deposits and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,849

-69

232

-

-64

874

-118

-2,274

2,369

0

16

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

73,606

95,234

7,786

Proceeds from sale and maturity of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

74,253

47,720

18,192

(Increase) decrease in deposits and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-15

-623

145

-

-697

401

-308

-19

115

-50

12

Net cash used in investing activities

-49,902

-6,078

-9,518

-34,723

-3,201

-29,548

-9,076

-12,837

-35,488

-52,491

-18,827

-77,910

-43,457

34,338

-36,458

-24,288

2,019

5,063

12,442

719

-89,576

-23,925

-434,112

223,212

-102,136

-40,624

-40,925

-36,664

-114,171

-13,981

25,492

17,860

-6,105

-16,734

-8,691

49,967

-18,882

-1,602

-59,656

5,891

Cash flows from financing activities:
Principal payments on long-term revolver

-

-

-

-

-

-

-

-

0

0

0

60,000

40,000

40,000

20,439

0

0

0

0

20,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-153

2,978

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock, net of shares withheld for taxes

4,424

10,837

3,114

260

1,212

176

168

60

-1,898

620

3,806

1,889

1,649

5,738

6,717

2,414

1,659

1,013

1,284

2,661

2,873

658

944

852

4,566

-882

916

720

2,445

2,253

6,268

1,042

2,808

628

312

360

7,043

2,592

9,115

12,255

Repurchase of stock to satisfy employee tax withholding obligations

3,971

13,107

583

619

716

10,352

958

1,057

-1,280

14,001

3,224

1,861

1,046

11,012

1,387

644

402

5,668

359

432

449

3,565

333

277

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase and retirement of common stock

50,001

0

30,001

40,000

10,000

55,000

54,997

40,000

60,226

20,000

50,000

45,550

0

-1

0

15,440

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

20,289

56,493

-1

22,767

0

0

Excess tax benefit from employee stock awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,184

20,370

1,019

3,119

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-49,548

-2,270

-27,470

-40,359

-9,504

-65,176

-55,787

-40,997

-61,236

-33,381

-49,418

-105,522

-40,610

-45,273

-17,960

-13,670

-25,546

-18,151

-15,429

-17,771

-4,391

-19,072

228,222

716

-5,717

-25,496

-11,748

720

-37,326

-45,603

6,268

1,042

2,808

628

-19,977

-56,133

7,044

-20,175

9,115

12,255

Net increase (decrease) in cash and cash equivalents

-50,182

120,364

23,860

-18,095

-3,147

23,462

9,398

-49,145

8,964

46,442

16,280

-187,248

40,791

197,111

-30,327

-25,202

9,221

103,239

-46,198

26,130

9,794

18,393

-220,330

236,694

-42,840

5,804

1,716

768

-21,050

19,606

-16,466

18,315

27,987

-1,258

-2,222

4,451

8,548

8,654

-26,321

30,049

Supplemental disclosures of cash flow information