Cirrus logic, inc. (CRUS)
CashFlow / TTM
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

159,498

155,497

116,918

98,881

89,991

95,838

99,684

114,811

161,995

185,049

273,311

286,050

261,209

240,163

159,506

108,347

123,630

130,967

112,312

78,284

55,178

46,431

65,202

97,717

108,111

121,869

148,231

150,313

136,598

161,065

109,934

85,732

87,983

167,562

175,452

195,079

203,503

0

0

0

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

68,237

72,567

72,441

76,932

79,826

84,862

87,664

84,442

81,399

74,619

69,503

65,117

63,433

62,795

63,000

62,584

58,060

56,131

51,767

44,146

34,855

26,015

19,080

15,613

14,883

14,368

13,324

13,971

13,562

12,750

12,466

10,668

9,972

9,472

8,908

8,486

8,145

0

0

0

Stock-based compensation expense

53,757

52,283

49,304

48,677

49,689

49,639

50,971

50,132

48,741

47,093

44,054

41,686

39,593

37,497

35,786

34,544

33,506

32,453

34,974

40,199

37,549

35,174

30,953

22,834

23,074

23,448

23,411

23,185

21,495

19,213

15,954

13,908

12,178

11,018

9,718

9,227

8,141

0

0

0

Deferred income taxes

-5,888

561

1,295

1,837

1,717

-3,861

9,803

10,840

11,646

18,860

7,386

12,720

10,885

20,466

17,000

9,033

23,202

15,328

36,629

42,873

32,238

23,976

15,043

27,991

35,959

44,912

70,258

67,354

60,600

22,384

-4,375

-11,787

-10,154

0

0

0

-

-

-

-

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

-379

4,893

3,591

3,025

2,713

-2,391

-1,132

-788

-626

-10,424

-10,513

-10,444

-10,387

-1,772

-2,842

-2,692

-2,753

-2,074

-1,455

-1,449

-1,618

0

0

0

-

-

-

-

-

-

-

-

-23

10

-1

79

24

0

0

0

Charges (payments) for defined benefit pension plan

-

-

-

-

-

-

-

-

-10,929

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Actuarial (gain) loss amortization on defined benefit pension plan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from employee stock awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

37,692

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-cash charges

-697

-667

-666

-668

-429

-150

-171

-183

3,864

-7,835

-8,146

-4,943

-8,980

-31,536

-25,710

-23,683

-19,702

20,419

16,927

23,926

22,167

17,893

17,634

6,620

5,760

5,916

4,905

4,907

4,792

0

0

0

-

0

0

0

-

-

-

0

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

33,082

33,802

11,173

-15,107

14,316

-81,023

-31,131

-41,372

-19,173

-29,011

-37,179

21,544

31,442

118,876

100,136

19,975

-24,156

-20,712

43,182

31,575

37,344

26,807

15,731

12,831

-6,815

-61,894

-33,230

14,476

25,232

116,267

86,068

7,295

5,055

17,246

-3,553

7,431

15,135

0

0

0

Inventories

-17,765

-29,959

2,514

-26,746

-40,636

-24,697

-68,085

-28,975

37,865

38,839

49,537

48,386

25,880

16,405

17,387

27,848

57,819

63,827

20,826

3,663

-16,077

-26,619

1,264

-18,622

-49,557

-65,038

-53,634

18,055

67,606

81,165

99,550

49,939

15,418

17,883

7,589

4,436

5,101

0

0

0

Other assets

-1,379

4,167

1,850

-1,360

-965

-4,433

-7,767

-14,404

-16,824

-9,421

-1,047

1,743

-575

0

0

0

-

-

-

-

-

-

-

-2,595

-1,239

3,381

2,529

1,689

-134

7,648

10,964

7,220

9,783

4,664

4,093

3,435

1,158

0

0

0

Other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

27,626

16,374

40,076

12,440

-21,965

-18,477

-50,031

-31,236

143

-67,540

-13,045

-27,317

1,772

54,356

23,875

-32,322

-41,456

36,477

26,871

32,643

36,504

-7,493

1,433

31,546

-9,443

-31,755

-38,669

-21,542

22,423

49,397

58,016

36,780

10,469

18,443

6,939

1,028

7,299

0

0

0

Deferred income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,105

-1,255

364

-3,213

-77

-132

-206

2,964

660

-596

-1,722

-2,739

-2,272

-2,932

-2,754

-2,587

384

1,403

1,585

1,184

356

0

0

0

Income taxes payable

-9,809

-8,161

-6,402

-11,040

-7,974

-25,312

14,323

16,253

22,983

42,020

5,128

11,281

10,969

0

0

0

-

-

-

-

-639

0

0

0

-

-

167

827

263

-405

99

-166

-130

-458

-458

59

-80

0

0

0

Net cash provided by operating activities

295,815

256,105

245,579

258,992

206,694

302,824

316,952

327,216

318,711

337,881

413,613

353,179

369,751

277,641

185,922

118,620

149,046

220,059

165,122

193,893

163,477

124,729

135,263

204,092

228,038

293,472

300,738

198,123

160,824

61,661

-2,681

71,991

83,195

72,297

87,880

85,654

86,940

0

0

0

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

170,818

161,212

131,467

95,242

70,840

51,074

59,447

53,601

138,221

184,165

230,401

284,151

212,863

165,497

119,172

120,630

125,660

146,734

132,877

90,999

301,847

342,153

391,709

380,980

139,037

100,591

83,595

91,327

127,336

102,187

105,577

124,262

181,282

0

0

0

-

-

-

-

Purchases of available-for-sale marketable securities

249,463

196,060

188,846

149,590

98,864

89,285

111,336

107,697

238,434

298,968

261,233

335,363

231,432

148,240

128,380

44,664

22,570

126,852

146,751

146,795

133,436

198,770

247,152

291,111

321,519

292,776

256,525

214,048

178,847

43,422

63,334

98,283

127,852

0

0

0

-

-

-

-

Purchases of property, equipment and software

15,656

21,456

22,106

24,604

31,615

39,995

48,241

55,258

55,180

54,075

49,511

45,453

41,849

34,229

37,665

38,113

41,569

46,104

43,712

39,638

32,311

24,282

18,742

17,110

15,058

12,200

28,415

36,798

52,902

61,686

48,969

45,112

35,948

28,008

22,406

24,502

20,060

0

0

0

Investments in technology

5,920

6,336

6,625

6,716

4,143

8,743

9,762

10,289

29,323

23,807

25,513

26,822

9,447

9,458

7,411

6,090

4,519

7,022

6,131

6,091

4,387

1,560

2,108

1,758

2,296

0

0

0

-

-

-

1,612

6,604

6,328

7,171

7,315

1,527

0

0

0

Loss on foreign exchange hedging activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,976

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in restricted investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,786

-2,857

-2,857

-600

-69

0

0

0

Increase in deposits and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-1,582

851

-23

111

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Proceeds from sale and maturity of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

(Increase) decrease in deposits and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-623

189

-262

58

0

0

0

Net cash used in investing activities

-100,221

-53,520

-76,990

-76,548

-54,662

-86,949

-109,892

-119,643

-184,716

-192,685

-105,856

-123,487

-69,865

-24,389

-53,664

-4,764

20,243

-71,352

-100,340

-546,894

-324,401

-336,961

-353,660

39,527

-220,349

-232,384

-205,741

-139,324

-84,800

23,266

20,513

-13,670

18,437

5,660

20,792

-30,173

-74,249

0

0

0

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

-

-

-

-

-

-

-

-

60,000

100,000

140,000

160,439

100,439

60,439

20,439

0

20,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,825

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock, net of shares withheld for taxes

18,635

15,423

4,762

1,816

1,616

-1,494

-1,050

2,588

4,417

7,964

13,082

15,993

16,518

16,528

11,803

6,370

6,617

7,831

7,476

7,136

5,327

7,020

5,480

5,452

5,320

3,199

6,334

11,686

12,008

12,371

10,746

4,790

4,108

8,343

10,307

19,110

31,005

0

0

0

Repurchase of stock to satisfy employee tax withholding obligations

18,280

15,025

12,270

12,645

13,083

11,087

14,736

17,002

17,806

20,132

17,143

15,306

14,089

13,445

8,101

7,073

6,861

6,908

4,805

4,779

4,624

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase and retirement of common stock

120,002

80,001

135,001

159,997

159,997

210,223

175,223

170,226

175,776

115,550

95,549

45,549

15,439

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

76,782

76,781

99,548

79,259

22,766

0

0

0

Excess tax benefit from employee stock awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

37,692

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-119,647

-79,603

-142,509

-170,826

-171,464

-223,196

-191,401

-185,032

-249,557

-228,931

-240,823

-209,365

-117,513

-102,449

-75,327

-72,796

-76,897

-55,742

-56,663

186,988

205,475

204,149

197,725

-42,245

-42,241

-73,850

-93,957

-75,941

-75,619

-35,485

10,746

-15,499

-72,674

-68,438

-89,241

-60,149

8,239

0

0

0

Net increase (decrease) in cash and cash equivalents

75,947

122,982

26,080

11,618

-19,432

-7,321

15,659

22,541

-115,562

-83,735

66,934

20,327

182,373

150,803

56,931

41,060

92,392

92,965

8,119

-166,013

44,551

-8,083

-20,672

201,374

-34,552

-12,762

1,040

-17,142

405

49,442

28,578

42,822

28,958

9,519

19,431

-4,668

20,930

0

0

0

Supplemental disclosures of cash flow information