Finisar corp (FNSR)
CashFlow / TTM
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

-43,444

-53,216

-57,408

-97,766

-86,634

-48,286

100,302

202,347

245,256

249,346

132,173

97,871

55,749

35,193

29,448

19,043

1,037

11,887

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Consolidated net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

111,537

84,258

53,503

23,979

-8,065

7,873

20,927

26,770

43,014

103,732

51,478

79,004

88,095

0

0

0

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

93,227

95,434

96,941

99,188

100,344

98,769

96,064

91,804

88,593

87,016

86,087

86,054

85,291

85,264

84,594

84,745

84,671

82,699

79,396

73,985

67,691

62,013

58,243

55,576

54,061

52,804

51,695

49,789

47,678

45,560

60,004

42,362

40,051

37,622

0

0

0

Amortization

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Amortization

-

-

-

-

-

-

-

-

-

8,203

9,519

9,416

9,416

9,416

9,302

9,302

9,335

9,374

8,670

4,364

8,290

8,136

2,669

9,872

9,058

11,336

11,306

11,059

10,462

10,654

11,394

7,642

6,533

5,888

0

0

0

Stock-based compensation expense

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Amortization of discount on held-to-maturity investments

5,489

8,115

10,613

10,163

9,007

8,135

7,377

5,683

3,799

2,045

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Equity in losses of equity method investment

-

-

-

-

-

-

-

-

-

-250

165

495

975

1,200

1,150

850

680

730

606

706

606

585

509

309

179

0

0

0

0

619

413

1,032

1,032

413

0

0

0

Loss on sale or retirement of assets and asset disposal groups

-

-

-

-

-

-

-

-

-

-

-

-

-

405

3,155

2,860

2,743

1,955

7,481

7,587

7,560

8,313

1,503

1,444

1,434

1,350

0

0

0

-

-

-

-

-

-

-

-

Impairment of long-lived assets

0

-

0

0

0

-

0

0

0

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of minority investment

-

399

399

399

-

2,347

2,347

2,990

2,990

643

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on fair value measurement of equity-method investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,429

0

5,429

5,429

0

0

0

0

Share-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

Amortization of Debt Discount (Premium)

25,878

28,341

30,784

31,583

31,206

30,834

30,465

27,189

22,021

16,935

0

0

0

-

-

9,376

9,264

9,153

0

0

0

-

-

-

0

-

-

-

-

-

-

-

0

-

-

0

0

Deferred income tax (benefit) expense

-2,503

-2,544

-22,961

15,003

18,332

25,614

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

8,467

26,703

6,805

-26,151

-28,204

-38,848

-36,136

-16,797

18,144

23,120

38,715

47,602

20,238

36,023

31,268

16,344

3,486

-12,238

10,977

23,538

55,792

74,238

41,495

32,092

-6,063

-21,971

-26,095

-23,848

9,602

-11,893

52,527

-8,016

2,792

40,769

0

0

0

Inventories

-1,662

-33,547

-56,617

-53,820

-30,926

-839

46,096

74,422

87,147

73,582

57,899

32,936

1,068

4,221

7,876

13,216

39,132

37,542

38,772

54,745

57,192

62,864

54,647

32,056

4,337

-19,362

-25,090

-12,404

2,950

21,323

57,903

29,013

28,952

37,088

0

0

0

Other assets

-9,551

-14,775

-15,135

-12,266

-8,738

910

-10,364

11,497

10,849

8,365

11,519

-1,153

-7,477

-19,728

-11,841

-11,044

-14,298

17,098

36,338

32,012

34,028

33,436

17,941

12,013

17,381

-1,848

-26,331

-14,926

-14,280

7,198

14,025

24,624

26,589

4,249

0

0

0

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

-

-2,494

-1,773

-488

-2,000

0

0

0

Accounts payable

-13,938

3,034

9,532

-13,171

2,970

1,156

-28,668

-976

12,288

-1,023

24,676

19,803

-3,283

10,081

7,345

19,985

-3,624

12,024

18,160

6,003

43,724

33,965

31,074

26,991

20,808

3,015

-21,691

-20,960

-19,471

-11,990

-2,361

-3,605

834

-550

0

0

0

Accrued compensation

-2,006

-721

1,556

-462

-6,681

-21,995

-10,980

-8,599

5,698

18,436

22,269

18,070

14,265

11,166

-2,304

-8,254

-6,191

-17,505

-20,305

-17,430

-8,534

4,580

17,259

19,556

9,122

2,390

-353

-546

769

2,094

11,863

1,592

2,050

4,690

0

0

0

Deferred revenue

-

0

-5,004

-8,181

-

-3,480

-426

-102

-2,120

-514

1,071

4,072

4,333

3,679

3,309

2,486

-3,251

-5,816

-4,535

-2,968

2,318

5,505

3,888

4,395

765

-1,760

-484

-3,470

-3,276

-2,383

3,765

-2,032

9,184

7,628

0

0

0

Other accrued liabilities

2,175

16,986

4,055

-288

-1,363

-16,100

-2,229

7,390

11,102

4,439

-9,371

-14,965

-7,146

-3,163

8,564

5,726

7,550

4,488

8,056

3,607

-1,118

9,709

-730

8,953

8,548

-368

-15,290

-15,527

-18,282

-13,270

4,028

7,724

9,023

3,156

0

0

0

Net cash provided by operating activities

129,460

172,163

178,129

181,365

185,741

171,637

191,802

208,831

226,140

227,832

215,616

193,813

196,406

183,600

168,101

176,054

122,181

113,597

88,694

63,661

104,398

99,115

131,732

148,921

159,074

148,290

143,313

116,939

69,439

74,011

111,691

89,981

115,517

94,459

0

0

0

Investing activities
Additions to property, equipment and improvements

150,205

209,879

241,606

259,651

274,629

221,482

204,945

187,972

172,676

140,106

110,774

95,927

103,244

118,825

142,518

147,460

138,883

149,193

143,352

146,798

147,393

130,191

118,369

114,940

103,485

90,622

91,474

76,906

75,742

77,039

98,675

71,901

68,330

64,137

0

0

0

Sale of minority investment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Proceeds from sale of property and equipment and asset disposal groups

-

-

-

-

-

-

-

-

-

504

425

660

810

844

3,234

2,984

2,740

2,477

1,068

1,099

1,075

1,483

2,961

2,930

3,083

2,698

0

0

0

-

-

-

-

-

-

-

-

Purchases of short-term investments

270,568

930,277

998,801

1,708,184

1,781,154

1,765,687

1,733,429

1,719,659

1,581,121

1,032,474

971,566

341,419

311,419

261,179

328,303

367,837

448,341

462,935

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Maturities of short-term investments

1,104,927

1,719,275

1,962,813

1,839,074

1,911,816

1,866,062

1,757,881

1,110,683

944,417

321,178

260,821

260,631

260,631

290,542

355,818

395,542

395,542

380,276

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Acquisitions, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,728

23,883

23,883

23,883

21,155

945

945

945

21,525

20,687

20,687

20,687

71,232

0

71,125

71,125

0

0

0

0

Net cash provided by (used in) investing activities

684,154

579,119

722,406

-128,761

-143,967

-121,107

-180,454

-796,894

-810,990

-852,783

-822,894

-177,855

-153,222

-88,618

-110,299

-115,301

-187,472

-230,633

-276,695

-459,957

-380,072

-359,785

-296,220

-113,176

-101,568

-99,175

-102,036

-87,267

-86,242

-148,602

-130,779

-169,250

-171,591

-96,273

0

0

0

Financing activities
Proceeds from term loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,800

0

1,800

1,800

0

0

0

0

Repayments of term loans

-

-

-

-

-

-

-

-

-

234

249

208

240

265

247

364

361

337

3,982

3,842

3,747

3,676

0

0

0

3,150

4,281

4,281

10,491

15,576

25,041

31,695

26,485

19,250

0

0

0

Repayment of 2033 Notes

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

4,486

11,145

11,468

11,146

11,748

11,680

13,579

16,922

20,603

20,773

18,902

17,307

12,837

11,598

12,431

10,929

11,194

11,715

15,425

16,072

19,213

19,141

14,706

13,611

10,518

8,567

10,137

9,001

9,651

8,146

43,814

34,370

38,334

40,480

0

0

0

Shares repurchased for tax withholdings on vesting of restricted stock units

3,270

2,803

6,476

6,159

6,159

10,181

6,463

6,479

6,479

3,883

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-257,534

-249,354

-252,704

4,987

5,589

1,499

7,082

579,647

583,262

585,958

579,541

8,735

4,233

6,796

12,184

10,565

10,833

11,378

11,443

266,760

274,696

274,695

273,936

18,311

10,518

5,417

5,856

4,720

-840

-5,630

107,098

122,381

101,974

109,555

0

0

0

Net increase in cash and cash equivalents

556,080

501,928

647,831

57,591

47,363

52,029

18,430

-8,416

-1,588

-38,993

-27,737

24,693

47,417

101,778

69,986

71,318

-54,458

-105,658

-176,558

-129,536

-978

14,025

109,448

54,056

68,024

54,532

47,133

34,392

-17,643

-80,221

88,010

43,112

45,900

107,741

0

0

0

Supplemental disclosure of cash flow information
Cash paid for interest

3,523

4,170

4,170

4,170

4,170

4,170

4,171

2,734

2,734

1,298

1,297

649

1,306

1,314

1,324

1,986

2,354

2,340

3,330

2,735

2,710

2,067

2,067

2,000

2,000

2,011

2,077

2,143

2,323

2,540

5,557

2,542

4,381

4,311

0

0

0

Cash paid for taxes

6,127

7,520

7,838

9,219

11,324

11,594

11,176

12,794

11,146

11,108

11,258

8,807

8,673

9,590

7,807

6,590

6,195

4,984

4,688

6,175

5,446

3,660

3,616

1,824

2,571

2,073

2,315

4,057

7,092

7,757

8,295

6,456

3,081

2,138

0

0

0