Flir systems, inc. (FLIR)
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'10Mar'10
CASH PROVIDED BY OPERATING ACTIVITIES:
Net earnings

125,273

171,597

268,429

279,533

304,978

282,425

133,619

123,997

103,847

107,223

219,013

214,117

208,072

166,626

175,330

189,769

194,901

241,686

244,234

224,019

218,277

200,261

156,244

149,873

155,273

177,015

225,541

234,960

225,895

222,398

221,268

230,082

218,298

221,474

215,165

213,401

243,546

248,126

0

0

0

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

110,695

103,132

93,136

82,322

66,678

66,462

66,947

69,057

70,425

71,010

69,082

64,743

60,605

57,513

54,926

52,701

50,984

49,534

49,432

51,150

53,264

57,245

62,096

63,400

64,395

62,796

59,834

59,801

59,379

59,715

61,149

63,883

72,812

77,498

83,039

79,863

69,424

61,297

0

0

0

Stock-based compensation

36,245

36,689

36,579

37,048

36,329

34,170

31,235

30,564

30,703

31,018

31,289

28,270

27,955

27,797

27,552

27,191

27,079

25,748

26,231

26,523

26,789

30,788

31,156

31,699

30,883

27,823

26,926

26,177

26,411

26,250

25,601

24,441

24,164

24,917

25,878

26,529

25,729

25,575

0

0

0

Gain (Loss) on Disposition of Assets

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

44,547

44,934

11,488

13,602

10,252

14,604

30,224

29,307

30,350

25,968

3,476

5,835

6,032

5,613

19,901

2,349

2,540

2,863

-19,451

-2,015

-2,653

-1,242

-1,700

-1,820

-1,246

-2,709

-11,577

-11,009

-10,906

-10,940

-9,692

-10,776

-12,120

-12,195

-7,606

-13,940

-15,428

-14,099

0

0

0

Other, net

-2,299

-4,123

-227

608

-1,536

3,832

7,269

18,889

34,210

31,256

35,845

22,670

-2,443

-11,992

-23,206

-23,996

-16,832

-7,722

-314

-1,985

2,604

791

-6,320

-1,542

-700

-4,564

-1,539

1,037

-5,970

1,810

-7,783

-11,933

-3,822

-12,654

-12,525

-5,330

-13,628

-10,320

0

0

0

Increase (decrease) in cash, net of acquisitions, resulting from changes in:
Accounts receivable

-57,261

-19,372

28,749

39,694

25,058

-29,057

-42,461

-17,340

24,259

7,758

17,608

36,890

-5,296

10,704

-4,914

-56,375

-21,482

-28,258

15,988

70,040

56,536

76,705

21,638

-10,364

-36,782

-48,640

-22,073

-10,157

-9,085

-10,693

-32,757

-53,783

-24,095

-17,992

17,346

21,571

32,915

47,711

0

0

0

Inventories

21,341

24,360

7,740

-7,461

-8,713

-17,425

7,422

19,666

28,932

32,961

-370

-9,240

-40,471

-51,170

-17,926

15,749

49,906

74,816

53,972

25,295

21,061

-11,363

-21,504

-14,035

-50,309

-35,181

-5,175

-7,142

21,987

23,733

35,867

41,300

40,409

48,361

35,609

37,214

36,664

25,151

0

0

0

Prepaid expenses and other current assets

3,306

1,744

1,190

16,559

2,814

3,427

-3,886

-5,970

-4,985

-1,217

9,440

9,180

6,468

7,706

3,055

265

6,783

-1,858

2,710

-6,010

-10,298

-5,754

-17,824

-12,910

-7,090

-5,434

-12,221

-3,256

1,733

1,004

-13,579

10,683

2,934

11,104

36,470

-4,833

5,766

-23,975

0

0

0

Other assets

2,951

-1,099

-15,547

-7,992

-6,799

-2,663

9,774

5,012

-1,917

-12,027

-28,502

-13,185

-3,425

10,750

21,419

14,556

9,239

4,333

-573

10,463

13,168

24,261

23,218

10,660

9,261

1,520

3,482

746

942

-1,879

2,637

2,766

4,330

5,589

25,831

24,894

29,742

28,573

0

0

0

Accounts payable

27,325

51,752

38,590

15,090

11,720

-22,449

-11,978

12,402

17,871

21,558

13,412

8,763

-4,259

-33,465

-25,858

-30,044

-4,817

38,660

37,689

24,815

18,321

15,040

-1,881

10,012

7,546

-8,617

4,674

-1,241

-3,396

-1,672

-3,930

-9,443

-11,275

-5,565

-6,396

6,469

-3,894

11,563

0

0

0

Deferred revenue

484

-6,187

9,312

7,213

3,233

8,081

2,428

-3,185

-8,402

-9,220

-7,723

676

1,073

2,928

8,468

148

4,846

3,503

2,181

6,157

4,535

93

-3,661

-1,912

-4,921

-659

6,343

-918

-1,111

1,153

-2,422

3,128

5,883

5,426

-6,323

-9,988

-6,366

-15,448

0

0

0

Accrued payroll and other liabilities

10,802

-8,339

-752

4,449

13,302

6,599

6,595

3,015

16,552

17,076

11,404

21,709

-1,506

-10,147

2,512

-11,452

-19,043

-10,704

-9,610

-16,403

10,722

17,240

51,677

33,872

29,026

36,017

-13,842

-217

-7,910

-25,415

-12,990

-11,797

-22,736

-25,599

-32,509

-24,906

-20,516

-5,753

0

0

0

Accrued income taxes

-29,260

-24,723

-58,681

-49,695

-47,175

-74,888

55,237

69,916

59,032

84,352

6,194

-536

4,999

66,302

53,342

41,890

54,310

-1,076

-6,887

666

-5,602

-8,501

-9,122

-16,206

-3,865

-18,898

22,295

26,759

14,361

20,141

-15,099

-19,540

-26,452

-9,865

-818

-1,071

14,814

-2,928

0

0

0

Other long-term liabilities

-9,003

-10,639

-4,406

-7,389

-5,350

13,918

14,982

17,938

12,834

-5,590

-5,646

-6,073

794

2,582

-26

195

424

3,688

8,287

6,710

4,893

4,089

-12,898

-8,994

-9,880

-10,102

4,945

3,493

5,393

7,890

9,367

7,386

1,682

2,208

5,302

9,310

19,340

14,058

0

0

0

Net cash provided by operating activities

365,727

370,372

375,139

344,114

386,492

374,157

374,759

356,342

276,301

308,252

306,480

291,189

348,932

319,751

318,553

303,382

264,444

293,425

260,323

219,690

241,346

226,244

268,574

288,115

352,831

354,965

362,665

356,577

298,509

285,545

288,867

288,331

230,500

243,891

173,001

212,151

235,426

255,251

0

0

0

CASH FLOWS FROM INVESTING ACTIVITIES:
Additions to property and equipment, net

48,371

44,794

42,142

35,119

32,814

30,773

30,940

31,917

35,614

42,109

40,092

38,691

39,542

35,940

45,770

58,327

65,057

68,234

70,480

66,217

64,841

61,262

55,992

54,598

49,003

52,061

55,898

54,951

57,802

58,089

50,038

49,645

50,614

41,946

45,619

40,409

33,165

65,748

0

0

0

Proceeds from sale of assets

3,392

6,365

0

0

0

-

-

-

0

-

-

-

-

7,331

-16,826

-16,826

30,494

25,649

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of business

-

-

-

-

-

25,920

25,920

25,920

25,920

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Business acquisitions, net of cash acquired

22,371

601,927

606,525

615,025

599,250

26,764

22,166

14,195

7,070

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Minority interest and other investments

6,030

11,030

5,000

11,000

11,000

15,500

18,359

12,359

9,500

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,080

0

0

0

Net cash used in investing activities

-73,380

-651,386

-644,285

-655,154

-637,074

-44,100

-41,859

-28,865

-22,578

-38,423

-413,646

-410,134

-456,289

-447,812

-147,870

-162,538

-126,823

-134,845

-70,450

-54,187

-52,811

-49,262

-43,992

-69,506

-69,076

-72,134

-181,882

-166,027

-166,713

-167,000

-51,047

-75,485

-75,805

-67,137

-301,052

-266,916

-431,806

-465,389

0

0

0

CASH FLOWS FROM FINANCING ACTIVITIES:
Repayments of credit facility

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from credit facility and long-term debt, including current portion

175,000

723,054

723,054

723,054

723,054

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of credit facility and long-term debt

-

-

-

-

-

-

-

-

-

97,500

97,500

266,185

371,185

367,435

371,185

120,000

15,000

15,000

15,000

15,000

15,000

15,000

15,000

15,000

15,000

11,250

0

0

0

-

-

-

-

-

-

-

-

-

-

-

0

Payments for Repurchase of Common Stock

250,002

125,000

268,749

193,745

173,748

243,706

99,957

99,957

94,956

0

0

0

0

-

-

-

-

-

-

-

-

139,238

105,653

88,251

55,483

162,078

218,234

240,824

297,167

214,195

165,295

227,069

179,283

160,669

0

0

0

-

-

-

-

Dividends paid

91,397

91,700

90,501

89,834

88,899

88,100

87,280

85,922

84,381

82,605

78,132

73,843

69,869

65,920

64,770

74,853

62,529

61,399

60,296

47,904

57,805

56,513

55,119

53,740

52,383

51,404

0

0

0

-

41,371

40,354

39,250

38,037

0

0

0

-

-

-

-

Proceeds from shares issued pursuant to stock-based compensation plans

20,156

28,418

25,716

29,584

35,348

29,124

38,194

68,096

60,736

58,241

48,850

12,460

8,979

11,966

8,658

24,999

22,074

22,499

34,601

22,653

43,119

47,581

36,865

33,734

16,347

8,650

10,034

9,427

11,501

11,198

13,738

13,081

15,549

21,706

24,571

29,399

27,354

21,469

0

0

0

Payment, Tax Withholding, Share-based Payment Arrangement

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax paid for net share exercises and issuance of vested restricted stock units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-12,640

-7,839

-7,032

7,672

4,594

9,242

11,161

7,846

7,159

3,533

1,069

981

1,201

1,180

1,284

1,958

3,421

3,941

5,195

6,525

7,015

8,831

7,649

0

0

0

Other financing activities

-104

-523

-524

-522

-419

-11

-16

-24

-27

-17

-10

-1

9

13

0

0

0

-

-

-

-277

-18

137

-148

-826

-1,100

-1,300

-992

-144

-166

-280

-571

-478

-458

-214

55

41

120

0

0

0

Net cash (used in) provided by financing activities

-254,443

54,040

-16,680

75,958

103,337

-318,944

-164,948

-217,879

-217,781

-132,612

-136,779

-374,482

18,631

31,136

-15,367

213,246

-186,501

-184,149

-189,010

-154,824

-158,193

-152,027

-130,924

-116,246

46,188

-66,113

-115,144

-131,812

-329,402

-244,329

-191,250

-3,784

48,187

75,445

125,520

-8,935

-15,848

-6,487

0

0

0

Effect of exchange rate changes on cash and cash equivalents

-13,652

-578

-12,118

-3,975

-20,530

-18,059

-11,578

-5,247

18,760

20,524

3,218

-6,161

-24,451

-14,511

-3,004

-11,101

11,713

-33,020

-40,860

-52,562

-66,657

-36,057

-20,484

7,277

8,145

4,019

2,071

3,924

-4,553

6,677

3,420

-14,913

-4,945

-4,490

-2,873

14,801

637

-12,285

0

0

0

Net increase (decrease) in cash and cash equivalents

24,252

-227,552

-297,944

-239,057

-167,775

-6,946

156,374

104,351

54,702

157,741

-240,727

-499,588

-113,177

-111,436

152,312

342,989

-37,167

-58,589

-39,997

-41,883

-36,315

-11,102

73,174

109,640

338,088

220,737

67,710

62,662

-202,159

-119,107

49,990

194,149

197,937

247,709

-5,404

-48,899

-211,591

-228,910

0

0

0