Globus medical, inc. (GMED)
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'12
Cash flows from operating activities:
Net income

147,949

155,210

109,681

143,332

150,146

156,474

180,850

134,483

118,172

107,348

107,270

107,906

105,045

104,341

117,644

117,898

116,146

112,784

102,821

99,401

95,994

92,485

85,832

83,081

69,860

68,612

68,394

64,571

76,146

73,831

0

0

0

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

55,048

52,734

38,688

47,510

44,408

41,630

49,924

38,365

39,303

42,067

51,008

48,008

44,335

38,771

27,951

26,203

25,086

24,084

23,366

22,649

22,131

21,754

21,243

20,729

20,084

19,397

18,819

18,572

18,337

18,108

0

0

0

Amortization of premium (discount) on marketable securities

673

1,089

1,008

536

-496

-1,677

-6,606

-6,003

-4,464

-2,671

3,259

3,838

4,123

4,068

4,069

4,069

3,667

3,354

2,959

2,484

2,519

2,680

0

0

0

-

-

-

-

-

-

-

-

Write-down for excess and obsolete inventories

1,010

2,498

1,939

7,537

10,159

10,475

13,836

11,963

12,331

11,519

14,075

13,262

12,282

12,836

9,721

9,730

9,620

9,924

8,645

8,157

7,678

6,962

7,246

8,284

8,025

8,212

7,138

5,882

6,269

6,119

0

0

0

Stock-based compensation expense

26,444

26,085

19,647

23,115

22,294

21,899

25,926

19,157

17,248

14,686

13,604

12,754

12,103

11,382

11,141

10,660

10,278

9,639

8,835

8,230

7,315

7,111

6,523

6,249

5,792

5,177

4,818

4,976

4,836

4,635

0

0

0

Excess tax benefit related to nonqualified stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Allowance for doubtful accounts

3,749

3,026

2,732

1,874

773

957

1,540

1,072

1,141

1,718

1,500

1,495

1,391

685

828

896

1,506

1,465

1,039

923

276

318

695

716

728

693

261

137

191

363

0

0

0

Change in fair value of business acquisition liabilities

1,714

1,787

579

1,148

1,330

985

1,214

845

996

1,240

3,877

3,677

3,344

2,866

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in deferred income taxes

348

4,302

2,434

966

2,154

971

8,448

13,959

10,567

8,292

-1,639

-9,673

-6,600

-3,810

8,994

12,907

8,843

6,235

-3,379

-5,195

-4,181

-4,379

-8,835

-13,283

-15,373

-14,858

-12,160

-10,013

-7,030

-6,079

0

0

0

(Gain)/loss on disposal of assets, net

-979

-866

-518

-685

3,463

3,557

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Increase)/decrease in:
Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-24,908

-13,447

-12,919

2,749

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Accounts receivable

1,642

18,306

5,367

26,064

19,242

21,789

44,544

24,040

27,810

24,955

9,979

10,464

9,094

4,668

-2,386

3,160

3,880

4,193

15,249

8,585

9,967

12,667

8,355

7,693

4,227

9,612

3,752

8,246

8,898

6,886

0

0

0

Inventories

48,282

50,018

40,869

48,356

44,020

31,382

29,703

11,745

4,381

5,277

10,850

11,343

10,353

10,503

8,938

11,488

14,218

19,327

22,464

20,158

21,369

18,001

13,498

13,217

13,662

16,678

21,669

24,167

23,820

20,541

0

0

0

Prepaid expenses and other assets

13,316

12,263

3,044

7,126

5,414

7,496

11,296

16,583

14,636

4,774

3,738

-11,960

-11,987

-4,568

-7,497

-808

890

1,203

292

762

-1,209

249

693

838

2,667

2,955

3,378

1,334

542

117

0

0

0

Increase/(decrease) in:
Accounts payable

-2,337

773

-158

1,842

-909

-3,008

7,179

5,752

10,743

9,843

3,059

24

1,043

-23

-4,439

-5,466

-5,898

-3,825

4,069

5,383

6,559

4,628

-1,435

776

1,064

1,840

4,036

1,468

3,245

3,048

0

0

0

Accounts payable to related party

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-5,359

-3,945

-4,159

-3,840

2,703

659

-1,042

-38

100

-1,551

4,718

2,047

1,378

0

0

0

Accrued expenses and other liabilities

3,325

7,043

1,225

8,088

11,816

14,728

22,041

329

1,034

-2,064

2,637

-12,583

-12,673

-18,164

-37,098

-10,891

-12,635

-878

7,336

4,699

3,260

5,149

11,179

11,524

30,438

26,963

24,554

22,243

2,762

4,208

0

0

0

Income taxes payable/receivable

749

-673

-9,331

3,864

-1,977

-921

2,016

-7,223

-9,768

-3,772

-6,718

5,605

5,610

6,634

6,261

-6,640

-1,047

-657

-5,066

51

6,619

-413

15,169

17,939

6,000

8,978

-1,435

-10,667

-1,599

-1,548

0

0

0

Net cash provided by operating activities

175,065

171,975

117,666

157,879

168,551

181,643

226,480

165,196

157,904

159,058

140,563

148,422

145,715

147,823

167,611

155,003

144,894

124,007

79,822

85,421

84,610

79,172

109,885

107,797

104,427

93,471

85,551

68,895

71,944

76,519

0

0

0

Cash flows from investing activities:
Purchases of marketable securities

276,033

346,526

277,446

439,325

547,450

537,942

703,138

563,832

440,993

392,895

354,524

315,848

316,545

350,448

316,423

329,402

331,541

300,207

297,680

290,098

248,953

251,422

215,293

201,845

223,048

240,892

186,748

144,062

93,187

0

0

0

0

Maturities of marketable securities

228,320

247,008

205,818

281,515

295,173

278,049

349,984

295,057

258,278

240,353

239,165

255,788

267,634

281,885

268,522

232,753

193,784

188,702

171,678

174,719

202,891

184,567

165,767

131,952

86,810

40,560

0

0

0

-

-

-

-

Sales of marketable securities

47,387

53,786

46,474

68,137

116,828

106,388

194,149

153,565

108,340

122,512

40,444

68,888

60,509

52,802

58,773

35,245

45,762

57,728

49,773

49,667

33,221

27,737

32,686

30,792

27,917

13,637

0

0

0

-

-

-

-

Purchases of property and equipment

64,909

70,750

54,957

75,425

75,478

59,697

73,122

53,409

52,144

51,303

52,086

45,828

43,076

40,909

40,855

45,776

52,898

50,760

45,701

37,649

25,818

24,754

20,864

22,955

23,072

23,680

26,127

25,791

25,143

24,684

0

0

0

Acquisition of businesses, net of cash acquired and purchases of intangible and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

48,513

84,641

84,144

84,143

36,128

0

0

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-89,034

-140,281

-104,246

-172,058

-190,752

-193,027

-210,395

-164,062

-156,463

-111,277

-163,502

-174,569

-137,546

-162,738

-131,051

-107,677

-145,391

-153,050

-206,571

-187,505

-122,802

-100,000

-54,479

-78,831

-148,168

-227,150

-188,896

-171,984

-124,361

-30,715

0

0

0

Cash flows from financing activities:
Payment of business acquisition liabilities

1,813

6,597

6,096

6,422

6,649

6,739

11,614

10,825

10,548

10,109

10,238

10,238

10,105

5,404

700

1,000

1,200

1,200

1,200

1,200

1,300

1,200

1,200

1,200

1,100

1,300

1,300

1,200

1,200

1,100

0

0

0

Proceeds from exercise of stock options

26,544

31,036

19,350

18,446

40,257

39,309

44,101

38,955

19,052

11,735

8,389

8,210

5,969

5,874

5,592

6,037

5,947

5,477

6,407

6,122

7,308

9,738

8,978

9,932

10,525

7,555

6,679

5,278

2,301

1,504

0

0

0

Payments for Repurchase of Common Stock

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit related to nonqualified stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,337

1,884

2,306

4,408

4,281

6,410

7,239

4,756

4,536

4,791

2,940

2,661

0

0

0

Net cash provided by financing activities

-49,133

24,439

13,254

12,024

33,608

32,570

32,487

28,130

8,504

1,626

-1,849

-2,028

-4,136

470

2,919

3,720

4,063

4,277

7,544

6,806

8,314

12,946

12,059

15,142

16,664

11,011

9,912

29,829

25,001

24,025

0

0

0

Effect of foreign exchange rate on cash

-132

-156

-231

1

-1,267

-256

945

1,458

2,629

1,979

1,208

-1,563

-1,664

-1,894

-2,288

237

203

153

257

337

282

185

77

78

136

230

184

-3

-139

-97

0

0

0

Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect

36,766

55,977

26,443

-2,154

10,140

20,930

49,517

30,722

12,574

51,386

-23,580

-29,738

2,369

-16,339

37,191

51,283

3,769

-24,613

-118,948

-94,941

-29,596

-7,697

67,542

44,186

-26,941

-122,438

-93,249

-73,263

-27,555

69,732

0

0

0

Supplemental disclosures of cash flow information:
Interest paid

78

79

0

0

0

-

-

-

-5

3

46

54

42

35

23

2

10

9

9

16

19

32

86

91

92

96

66

67

74

63

0

0

0

Income taxes paid

34,480

34,139

34,056

31,860

30,805

30,552

40,655

46,303

57,652

59,111

62,086

53,348

51,969

50,087

48,154

57,434

57,365

57,100

60,689

55,854

48,437

51,096

44,125

39,950

41,469

38,719

39,514

47,344

44,917

44,875

0

0

0