EDWARDS LIFESCIENCES CORPORATION EW Cash Flow

Edwards lifesciences corporation (EW)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash flows from operating activities
Net Income (Loss) Available to Common Stockholders, Basic
310,600	280,200	274,700	242,300	249,700	7,000	225,900	282,700	206,600	-2,800	170,100	186,100	230,200	158,500	141,400	126,600	143,000	140,700	118,100	112,700	123,400	109,200	94,600	547,000	60,300	75,100	76,800	93,300	143,900	89,400	69,200	67,800	65,100	63,100	51,600	58,100	63,900	64,800	48,000	57,500	47,700
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
24,500	23,900	23,100	21,700	20,600	19,900	19,200	19,200	19,100	21,200	20,700	18,900	21,100	19,100	18,200	18,000	15,900	14,500	18,500	16,800	16,000	18,300	18,000	16,100	16,200	17,100	17,000	14,700	14,100	11,500	14,400	14,000	13,800	14,800	13,900	14,800	14,500	15,400	13,400	13,700	14,000
Non-cash operating lease cost
6,700	6,600	6,900	6,100	5,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation (Note 7)
23,900	18,400	19,800	22,300	20,800	16,000	17,400	19,200	18,400	15,300	15,800	15,300	15,200	13,900	14,400	14,300	14,300	12,900	12,600	10,800	13,600	12,200	12,200	11,900	12,000	11,500	11,900	12,800	11,200	10,800	10,900	11,200	9,200	9,000	10,500	7,800	7,700	6,900	8,600	6,300	7,500
Excess tax benefit from stock plans
-	-	-	-	-	-	-	-	-	-	-	-	-	7,700	19,400	26,100	11,100	14,200	7,400	9,900	9,800	15,200	12,900	7,300	14,000	10,200	4,400	-2,700	61,600	17,500	-4,000	4,800	38,200	2,400	-7,600	-4,000	15,200	13,100	10,500	12,300	19,200
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability
-2,200	-18,500	-2,300	8,000	6,700	-14,000	-6,400	10,900	3,800	2,600	-16,700	3,100	1,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on investments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	700	300	-	1,100	300	1,100	-	-1,900	1,800	-2,700	-	600	-100	500	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-3,600	-2,600	3,400	-7,100	-5,800	57,100	-10,900	-34,400	15,500	26,300	-400	-7,100	-36,600	34,800	2,800	0	-200	93,900	3,300	1,900	-4,100	67,300	4,300	1,900	-2,400	13,800	-700	-500	-200	27,500	200	400	-1,700	2,800	-400	-300	-1,500	4,400	2,600	6,900	-2,700
Purchase of intellectual property (Note 3)
0	0	0	0	24,000	0	0	0	0	-	-	100	5,600	0	0	34,500	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-14,700	-2,000	-2,900	700	7,000	-10,000	-1,000	-1,000	-1,000	10,700	-5,500	400	600	-4,000	-100	-2,500	-1,300	-1,100	-9,200	-900	200	-9,200	-4,300	-200	-200	-4,600	-1,300	-200	-600	-2,800	-1,500	200	900	-100	-1,000	-2,300	4,500	-300	2,100	6,300	-3,100
Changes in operating assets and liabilities:
Accounts and other receivables, net
4,200	17,700	-18,900	43,400	45,800	28,400	2,900	24,800	-27,400	7,100	-54,100	-6,700	81,500	5,600	-9,900	32,500	32,200	10,000	-11,200	3,000	36,500	16,100	10,500	22,900	-22,700	700	-17,900	14,100	-5,400	22,500	-18,200	-2,700	24,900	15,200	-9,800	13,400	34,900	2,400	-9,300	25,500	15,600
Inventories
35,200	21,500	22,000	32,500	29,400	22,200	23,000	17,200	3,300	14,200	37,600	47,900	24,300	22,500	28,400	10,100	4,600	11,600	23,800	13,400	18,900	11,500	7,500	11,000	500	3,100	9,600	13,000	18,700	-2,200	12,500	3,500	7,900	18,700	23,500	8,900	5,900	-6,700	15,900	14,400	13,200
Accounts payable and accrued liabilities
-144,400	45,700	81,400	51,600	-242,200	188,500	93,200	26,300	-115,500	38,900	114,400	34,700	-94,200	36,300	54,300	34,700	-47,600	-6,500	55,200	39,800	-59,100	21,100	54,400	16,000	21,400	-33,100	21,400	34,000	-22,100	-9,500	22,300	36,800	-52,300	12,400	29,100	22,900	-9,000	-1,600	38,500	41,500	-14,800
Income taxes
32,200	26,200	20,500	12,800	-16,300	50,800	-19,700	-228,800	39,900	348,700	-9,000	-65,000	19,000	32,200	12,000	36,100	24,800	70,600	19,000	18,300	26,600	15,600	-138,400	235,900	15,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other current assets
5,700	4,300	6,400	-1,100	-2,800	-4,800	-22,400	-14,900	26,400	-	-	-4,900	3,600	-1,900	500	10,400	3,600	9,100	700	-1,100	-8,500	-5,400	-1,100	6,000	1,400	25,400	6,100	2,500	-27,700	14,100	-2,900	-10,300	-2,500	-11,300	-15,800	900	5,600	-9,200	1,100	12,300	-1,700
Other
17,500	-15,200	3,700	1,400	-6,100	1,100	-4,300	-2,400	4,200	-1,500	-100	-3,100	-3,700	-5,800	-4,600	-3,400	-7,000	-6,600	5,000	1,800	-6,700	-4,500	700	-1,800	-1,900	-7,700	-5,900	600	-900	-3,700	-600	-5,900	-1,200	-3,600	800	6,500	-2,400	-4,400	-6,900	7,800	-5,300
Net cash provided by operating activities
207,000	399,400	437,300	341,200	1,500	293,000	342,300	140,200	151,300	363,900	310,800	197,700	128,300	201,100	205,900	190,300	107,100	103,800	202,500	170,100	73,300	93,200	12,200	778,000	138,900	111,300	132,200	128,100	101,100	114,700	131,300	146,800	-30,700	93,400	115,400	84,500	14,900	94,000	96,400	48,000	13,000
Cash flows from investing activities
Capital expenditures
82,200	71,500	76,100	64,600	42,200	57,600	85,100	52,800	43,200	51,900	42,300	58,000	15,900	63,200	48,100	37,100	27,700	37,500	26,000	18,400	20,800	34,500	18,100	16,000	14,300	20,100	22,600	29,500	36,800	44,100	25,700	21,200	18,000	26,000	19,500	17,200	13,900	21,700	16,400	15,700	8,000
Purchases of held-to-maturity investments (Note 4)
112,000	100,200	0	0	30,000	20,000	190,000	0	0	-	-	-	-	15,100	125,100	302,000	152,500	25,000	350,100	131,400	422,000	356,400	453,500	754,700	391,800	449,300	151,900	129,300	92,700	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from held-to-maturity investments (Note 4)
100,200	0	0	30,000	20,000	190,000	48,600	101,000	238,500	321,700	101,000	2,500	229,500	223,800	281,400	92,300	255,000	125,000	572,500	231,700	330,900	698,600	317,700	298,100	296,800	223,600	71,900	85,700	145,200	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of available-for sale investments (Note 4)
150,900	342,900	19,600	75,400	0	-	-	-	-	52,000	145,500	164,900	167,400	133,400	162,200	101,400	73,400	73,100	100,600	122,000	84,600	160,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from available-for-sale investments (Note 4)
127,800	81,600	87,500	134,700	56,100	30,100	92,000	58,800	42,300	67,700	91,600	96,100	193,300	71,500	66,300	47,100	47,700	53,300	48,300	59,700	18,300	1,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in intangible assets (Note 3)
0	0	0	7,200	16,800	0	0	0	3,000	-	-	3,700	2,700	0	200	41,100	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,400	0	2,000	300	0	0	0	1,200
Investments in trading securities, net
300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in trading securities, net
-	-	-	-	1,900	-	-	-	3,100	-	-	-1,400	-4,400	16,300	-1,300	-1,200	-4,000	-2,900	-1,500	-2,800	-2,000	-26,200	900	500	10,400	800	400	100	100	-	-	-	-	200	0	-4,000	700	100	-400	100	600
Proceeds from sale of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,500	1,500	1,500	2,100
Investments in unconsolidated affiliates, net (Note 6)
1,400	-	-	-	1,300	-	-	-	1,800	-	-	-	-200	2,500	3,100	0	2,000	4,300	1,500	-1,100	400	10,200	-300	2,000	-700	4,500	100	-100	-1,500	1,600	-1,400	-400	2,200	-4,600	2,000	-100	5,000	5,000	700	2,400	-1,200
Payment of contingent consideration
-	-	-	-	-	-	0	0	10,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from short-term investments (Note 2)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	172,300	125,500	190,300	-	-	-	-	-	-	-	-
Purchases of short-term investments (Note 2)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	279,600	140,500	106,100	189,300	149,700	198,700	105,600	-	-	-	-
Acquisitions (Notes 8 and 9)
-	-	-	-	-	0	0	0	0	108,000	100	2,800	82,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	42,600	-	-	-	-
Payment for acquisition option
0	0	0	0	35,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuances of notes receivable
16,600	-	-	-	700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-100	12,300	4,500	9,500	-2,300	12,800	4,400	7,000	-600	7,800	14,800	500	-600	-500	3,800	-300	-4,200	-4,100	-3,400	5,400	-300	1,600	-300	-700	-600	300	3,600	-300	400	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-134,700	-445,300	-12,700	-88,300	-49,500	5,700	-254,200	104,900	220,300	49,300	-209,500	-638,200	151,200	80,200	3,900	-343,100	47,300	27,300	-175,600	12,500	-180,300	112,000	-154,800	-470,400	-119,800	-246,900	-106,500	-73,000	13,700	27,400	-131,900	-42,700	68,400	-108,300	55,300	-195,400	-158,100	-23,100	-15,200	-16,700	-6,500
Operating cash flows from operating leases
7,100	-	-	-	6,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash flows from financing activities
Proceeds from issuance of debt, net
7,900	6,900	2,300	6,000	3,700	1,600	600	680,700	5,100	5,400	3,900	608,000	377,400	228,900	8,700	6,200	9,700	10,700	7,400	5,900	7,400	6,000	6,200	5,800	208,300	599,900	372,900	168,400	163,800	169,100	32,800	53,500	151,600	20,600	305,000	90,000	110,500	37,600	28,600	83,700	104,500
Payments on debt and finance lease obligations
8,200	5,200	3,500	16,200	4,000	601,200	1,900	517,100	5,100	5,600	4,600	454,800	353,400	5,700	6,400	9,800	9,500	10,700	4,100	6,500	8,200	20,000	6,100	134,600	78,300	535,600	67,800	133,700	158,300	155,900	42,600	48,500	120,500	45,000	305,400	66,100	5,200	95,200	108,200	35,000	64,400
Purchases of treasury stock
614,800	0	1,300	256,300	5,700	272,000	173,100	348,300	2,100	251,300	800	73,800	437,400	281,400	200	36,600	344,100	100,000	200	78,900	101,000	200	100	600	300,000	22,700	227,600	138,900	107,700	177,800	23,100	53,700	89,500	40,100	104,300	83,200	75,800	0	700	101,300	98,000
Equity forward contract related to accelerated share repurchase agreement (Note 10)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-22,500	57,500	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-800	10,800	-	-	-	-	-	-	-	-
Proceeds from stock plans
29,100	35,000	39,000	41,500	45,000	27,700	35,000	39,500	44,800	22,500	22,600	45,600	23,100	20,600	38,100	25,100	19,500	27,200	17,500	19,000	23,500	42,000	38,400	18,700	14,200	8,600	9,500	13,600	13,800	10,700	25,000	39,500	24,900	10,900	15,200	20,200	13,200	18,300	20,400	20,100	33,300
Excess tax benefit from stock plans
-	-	-	-	-	-	-	-	-	-	-	-	-	7,700	19,400	26,100	11,100	14,200	7,400	9,900	9,800	15,200	12,900	7,300	14,000	10,200	4,400	-2,700	61,600	17,500	-4,000	4,800	38,200	2,400	-7,600	-4,000	15,200	13,100	10,500	12,300	19,200
Other
-400	300	-2,100	-6,400	5,400	-800	2,700	-400	-1,800	0	-800	1,800	-1,000	0	4,200	-1,800	1,700	-1,100	-4,400	0	-3,400	2,900	-2,600	-400	-2,000	-2,600	-100	4,000	1,900	-1,400	1,400	-1,500	3,000	-2,400	-100	-800	1,600	-400	-7,200	5,900	-1,000
Net cash (used in) provided by financing activities
-586,400	37,000	34,400	-231,400	44,400	-844,700	-56,700	-240,700	40,900	-229,000	20,300	126,800	-391,300	5,100	63,800	31,700	-369,100	-59,700	23,600	-50,600	-71,900	45,900	48,700	-103,800	-143,800	80,500	68,600	-89,300	-24,900	-146,900	-500	-5,100	-3,100	-53,600	-97,200	-43,900	59,500	-26,600	-56,600	-14,300	-6,400
Effect of currency exchange rate changes on cash and cash equivalents
-2,100	1,400	800	-3,900	-1,300	-1,200	3,500	-5,000	-3,800	3,800	500	2,600	1,000	-1,300	1,500	-10,400	-2,300	900	-2,000	8,600	-17,900	-1,400	-600	-900	0	4,500	4,000	5,400	700	9,900	2,600	-8,000	7,500	-4,300	-5,100	5,200	12,800	-9,200	16,100	-17,900	-13,000
Net decrease in cash and cash equivalents
-516,200	-7,500	459,800	17,600	-4,900	-547,200	34,900	-600	408,700	188,000	122,100	-311,100	-110,800	285,100	275,100	-131,500	-217,000	72,300	48,500	140,600	-196,800	249,700	-94,500	202,900	-124,700	-50,600	98,300	-28,800	90,600	5,100	1,500	91,000	42,100	-72,800	68,400	-149,600	-70,900	35,100	40,700	-900	-12,900
Non-cash investing and financing transactions:
Fair value of shares issued in connection with business combinations
-	-	-	-	-	-	-	-	-	-	-	-	266,500	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures accruals
-	-	-	-	-	-	-	-	-	-	-	-	12,800	-	2,500	800	16,400	5,200	1,100	2,200	6,600	900	-800	2,000	6,200	1,800	3,700	-2,800	5,700	-	-	-	-	-	-	-	-	-	-	-	-