Finisar corp (FNSR)
CashFlow / Quarterly
Jul'19Apr'19Jan'19Oct'18Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16May'16Jan'16Oct'15Jul'15May'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Jan'11Oct'10Jul'10
Operating activities
Net loss

-8,717

-14,151

-15,301

-5,275

-18,489

-18,343

-55,659

5,857

19,859

130,245

46,386

48,766

23,949

13,072

12,084

6,644

3,393

7,327

1,679

-11,362

14,243

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Consolidated net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

28,683

27,068

29,951

25,835

1,404

-3,687

427

-6,209

17,342

9,367

6,270

10,035

78,060

-42,887

33,796

19,126

Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation

22,592

23,562

23,266

23,807

24,799

25,069

25,513

24,963

23,224

22,364

21,253

21,752

21,647

21,435

21,220

20,989

21,620

20,765

21,371

20,915

19,648

17,462

15,960

14,621

13,970

13,692

13,293

13,106

12,713

12,583

11,387

10,995

10,595

27,027

-6,255

8,684

8,166

Amortization

932

-

1,141

1,317

1,521

-

1,661

1,661

1,703

-

1,703

1,658

2,191

-

2,297

2,103

2,103

-

2,172

2,172

2,195

-

-

-

2,188

-

-

-

-

-

-

-

-

-

-

-

-

Amortization

-

-

-

-

-

-

-

-

-

7,638

257

154

154

8,954

154

154

154

8,840

154

187

193

8,136

-4,152

4,113

39

2,669

3,051

3,299

2,317

2,639

2,804

2,702

2,509

3,379

-948

1,593

1,864

Stock-based compensation expense

15,722

-

15,487

14,679

15,141

-

20,771

14,913

13,764

-

13,371

13,367

12,462

-

11,315

12,365

11,997

-

11,583

11,558

11,053

-

10,357

10,171

8,909

-

7,844

9,828

8,376

-

-

-

-

-

-

-

-

Amortization of discount on held-to-maturity investments

0

0

2,449

3,040

2,626

2,498

1,999

1,884

1,754

1,740

305

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity in losses of equity method investment

-

-

-

-

-

-

-

-

-

-165

70

-80

-75

250

400

400

150

200

100

230

200

76

200

130

179

0

0

0

0

0

0

0

619

-206

619

0

0

Loss on sale or retirement of assets and asset disposal groups

-

-

-

-

-

-

-

-

-

-

-

-

-

-91

219

139

138

2,659

-76

22

-650

8,185

30

-5

103

1,375

-29

-15

19

-

-

-

-

-

-

-

-

Impairment of long-lived assets

1,665

-

108

45

188

-

1,353

0

0

-

-

-

-

-

0

0

1,901

-

5,767

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of minority investment

-

0

0

399

-

0

0

0

2,347

0

643

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on fair value measurement of equity-method investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

5,429

-5,429

5,429

0

0

Share-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,090

-

-

-

3,258

Amortization of Debt Discount (Premium)

5,464

5,420

6,940

8,054

7,927

7,863

7,739

7,677

7,555

7,494

4,463

2,509

2,469

-

-

2,391

2,354

2,334

2,297

2,279

2,243

-

-

-

0

-

-

-

-

-

-

-

0

-

-

367

375

Deferred income tax (benefit) expense

-7,241

4,237

3,830

-3,329

-7,282

-16,180

41,794

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

-6,789

9,464

16,049

-10,257

11,447

-10,434

-16,907

-12,310

803

-7,722

2,432

22,631

5,779

7,873

11,319

-4,733

21,564

3,118

-3,605

-17,591

5,840

26,333

8,956

14,663

24,286

-6,410

-447

-23,492

8,378

-10,534

1,800

9,958

-13,117

53,886

-58,743

20,766

24,860

Inventories

20,587

-5,747

-6,237

-10,265

-11,298

-28,817

-3,440

12,629

18,789

18,118

24,886

25,354

5,224

2,435

-77

-6,514

8,377

6,090

5,263

19,402

6,787

7,320

21,236

21,849

12,459

-897

-1,355

-5,870

-11,240

-6,625

11,331

9,484

7,133

29,955

-17,559

9,423

15,269

Other assets

-3,248

-741

-6,576

1,014

-8,472

-1,101

-3,707

4,542

1,176

-12,375

18,154

3,894

-1,308

-9,221

5,482

-2,430

-13,559

-1,334

6,279

-5,684

17,837

17,906

1,953

-3,668

17,245

2,411

-3,975

1,700

-1,984

-22,072

7,430

2,346

19,494

-15,245

18,029

4,311

-2,846

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

770

-240

-

-1,785

603

-67

-

5

-499

-43

-1,957

726

786

-1,555

Accounts payable

-7,121

7,978

-2,096

-12,699

9,851

14,476

-24,799

3,442

8,037

-15,348

2,893

16,706

-5,274

10,351

-1,980

-6,380

8,090

7,615

10,660

-29,989

23,738

13,751

-1,497

7,732

13,979

10,860

-5,580

1,549

-3,814

-13,846

-4,849

3,038

3,667

-4,217

-6,093

7,477

2,283

Accrued compensation

1,539

-9,412

5,064

803

2,824

-7,135

3,046

-5,416

-12,490

3,880

5,427

8,881

248

7,713

1,228

5,076

-2,851

-5,757

-4,722

7,139

-14,165

-8,557

-1,847

16,035

-1,051

4,122

450

5,601

-7,783

1,379

257

6,916

-6,458

11,148

-10,014

7,374

-3,818

Deferred revenue

-

0

0

0

-

-5,004

-3,177

3,368

1,333

-1,950

-2,853

1,350

2,939

-365

148

1,611

2,285

-735

-675

-4,126

-280

546

892

1,160

2,907

-1,071

1,399

-2,470

382

205

-1,587

-2,276

1,275

6,353

-7,384

8,940

-281

Other accrued liabilities

2,828

4,711

449

-5,813

17,639

-8,220

-3,894

-6,888

2,902

5,651

5,725

-3,176

-3,761

-8,159

131

4,643

222

3,568

-2,707

6,467

-2,840

7,136

-7,156

1,742

7,987

-3,303

2,527

1,337

-929

-18,225

2,290

-1,418

4,083

-927

5,986

-119

-1,784

Net cash provided by operating activities

17,113

40,688

33,203

38,456

59,816

46,654

36,439

42,832

45,712

66,819

53,468

60,141

47,404

54,603

31,665

62,734

34,598

39,104

39,618

8,861

26,014

14,201

14,585

49,598

20,731

46,818

31,774

59,751

9,947

41,841

5,400

12,251

14,519

79,521

-16,310

37,787

-6,539

Investing activities
Additions to property, equipment and improvements

45,228

33,453

40,766

30,758

104,902

65,180

58,811

45,736

51,755

48,643

41,838

30,440

19,185

19,311

26,991

37,757

34,766

43,004

31,933

29,180

45,076

37,163

35,379

29,775

27,874

25,341

31,950

18,320

15,011

26,193

17,382

17,156

16,308

47,829

-9,392

13,585

12,115

Sale of minority investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

10,495

-

-

-

-

-

-

-

-

Proceeds from sale of property and equipment and asset disposal groups

-

-

-

-

-

-

-

-

-

124

15

136

229

45

250

286

263

2,435

0

42

0

1,026

31

18

408

2,504

0

171

23

-

-

-

-

-

-

-

-

Purchases of short-term investments

0

100,000

0

170,568

659,709

168,524

709,383

243,538

644,242

136,266

695,613

105,000

95,595

75,358

65,466

75,000

45,355

142,482

105,000

155,504

59,949

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Maturities of short-term investments

100,000

0

836,403

168,524

714,348

243,538

712,664

241,266

668,594

135,357

65,466

75,000

45,355

75,000

65,276

75,000

75,266

140,276

105,000

75,000

60,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Acquisitions, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,728

21,155

0

0

0

945

0

0

20,580

107

0

0

71,125

-71,125

71,125

0

0

Net cash provided by (used in) investing activities

54,772

-133,453

795,637

-32,802

-50,263

9,834

-55,530

-48,008

-27,403

-49,513

-671,970

-62,104

-69,196

-19,624

-26,931

-37,471

-4,592

-41,305

-31,933

-109,642

-47,753

-87,367

-215,195

-29,757

-27,466

-23,802

-32,151

-18,149

-25,073

-26,663

-17,382

-17,124

-87,433

-8,840

-55,853

-19,465

-12,115

Financing activities
Proceeds from term loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,800

-1,800

1,800

0

0

Repayments of term loans

-

-

-

-

-

-

-

-

-

34

64

66

70

49

23

98

95

31

140

95

71

3,676

0

0

0

0

0

0

3,150

1,131

0

6,210

8,235

10,596

6,654

1,000

1,000

Repayment of 2033 Notes

1,054

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the issuance of shares under equity plans and employee stock purchase plan

121

147

3,923

295

6,780

470

3,601

897

6,712

2,369

6,944

4,578

6,882

498

5,349

108

5,643

1,331

3,847

373

6,164

5,041

4,494

3,514

6,092

606

3,399

421

4,141

2,176

2,263

1,071

2,636

37,844

-7,181

5,035

4,782

Shares repurchased for tax withholdings on vesting of restricted stock units

2,868

51

351

0

2,401

3,724

34

0

6,423

6

50

0

3,827

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-3,801

96

-254,124

295

4,379

-3,254

3,567

897

289

2,329

576,132

4,512

2,985

-4,088

5,326

10

5,548

1,300

3,707

278

6,093

1,365

259,024

8,214

6,092

606

3,399

421

991

1,045

2,263

-5,139

-3,799

113,773

17,546

-25,546

3,782

Net increase in cash and cash equivalents

68,084

-92,669

574,716

5,949

13,932

53,234

-15,524

-4,279

18,598

19,635

-42,370

2,549

-18,807

30,891

10,060

25,273

35,554

-901

11,392

-100,503

-15,646

-71,801

58,414

28,055

-643

23,622

3,022

42,023

-14,135

16,223

-9,719

-10,012

-76,713

184,454

-54,617

-7,224

-14,872

Supplemental disclosure of cash flow information
Cash paid for interest

1,438

0

2,085

0

2,085

0

2,085

0

2,085

1

648

0

649

0

0

657

657

10

662

1,025

643

1,000

67

1,000

0

1,000

0

1,000

11

1,066

66

1,180

228

4,083

-2,949

3,019

158

Cash paid for taxes

1,306

2,413

1,392

1,016

2,699

2,731

2,773

3,121

2,969

2,313

4,391

1,473

2,931

2,463

1,940

1,339

3,848

680

723

944

2,637

384

2,210

215

851

340

418

962

353

582

2,160

3,997

1,018

1,120

321

622

75