HOLOGIC, INC HOLX Cash Flow

Hologic, inc (HOLX)

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	Dec'09	Sep'09	Jun'09	Mar'09	Dec'08
OPERATING ACTIVITIES
Net income (loss)
94,900	385,800	-123,500	93,900	-272,600	98,600	50,500	112,900	-681,400	406,700	82,700	59,500	526,800	86,500	92,100	84,900	68,900	84,900	25,100	29,500	47,800	29,200	28,100	11,300	-16,800	-5,300	-1,113,900	-10,914	-51,104	3,118	-77,733	23,594	-40,273	20,812	27,569	36,196	82,445	10,940	-136,974	27,448	20,618	26,095	24,568	30,751	-2,310,119	38,158
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation
20,700	21,600	22,800	22,900	23,100	23,700	23,800	25,800	25,000	27,000	26,100	24,000	19,100	20,400	21,000	21,100	20,300	19,900	20,700	20,100	20,400	20,300	22,000	23,700	24,100	24,900	25,000	24,282	21,876	24,342	23,793	15,926	16,071	16,110	17,908	17,482	16,694	16,862	17,437	17,439	16,695	16,892	18,544	17,258	15,596	15,797
Amortization of acquired intangibles
73,000	72,800	90,600	90,400	94,500	95,100	95,300	94,700	94,500	94,200	94,400	94,300	76,000	94,900	93,600	99,800	93,700	96,000	101,600	100,400	106,200	101,700	109,400	110,200	106,000	102,900	107,600	104,687	104,400	103,813	90,904	61,013	60,970	61,013	60,470	59,671	59,041	56,608	55,006	57,097	57,103	57,099	52,094	53,798	50,453	50,384
Non-cash interest expense
-	-	-	-	-	-	1,900	1,900	2,500	8,700	10,500	12,000	12,600	14,300	13,300	12,700	12,900	13,200	14,300	16,300	16,500	16,700	16,500	16,400	16,100	19,700	20,000	19,813	20,708	20,679	20,118	16,001	18,921	19,960	19,451	19,198	18,694	19,471	19,759	23,753	22,053	21,073	22,079	22,324	20,019	18,775
Stock-based compensation expense
15,700	18,100	13,500	13,900	17,500	17,100	11,900	17,200	19,500	16,400	14,800	14,400	19,800	19,200	20,300	14,500	14,700	15,900	17,100	16,400	13,700	12,100	10,900	13,000	12,400	13,700	10,400	10,821	19,013	12,066	14,240	8,754	8,949	8,657	8,227	7,779	8,768	10,698	9,636	7,949	8,454	8,121	8,586	8,010	8,873	7,470
Excess tax benefit related to equity awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	3,000	3,000	500	1,100	1,100	3,000	2,000	963	2,252	2,185	2,409	1,108	958	1,725	384	1,501	1,115	652	215	338	709	781	2,450	229	221	78
Deferred income taxes
283,700	-327,900	-40,900	-21,500	-123,300	-50,000	-7,000	-36,700	-42,900	-390,700	-52,600	-42,000	-238,000	-24,600	-51,600	-39,500	-36,700	-28,000	-37,900	-31,800	-48,600	-30,500	-38,500	-39,800	-39,700	-125,100	-78,600	-26,898	-22,379	-70,123	-30,947	-21,165	-89,982	-13,106	-12,761	-31,908	16,377	-19,815	-73,422	-4,067	-36,129	-8,108	-11,169	-2,657	-7,783	-5,382
Fair value adjustments to contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	461	799	10,040	3,466	83,344	-43,188	-5,122	-11,562	-629	5,271	-1,096	-	-	-	-	-	-	-	-
Fair value write-up of inventory sold
-	-	-	-	-	-	1,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	3	22,521	29,876	-	-	-	-	0	0	1,961	1,337	-	-	-	-	83	250	250	584
Intangible asset and equipment impairment charges
0	30,200	-	0	443,800	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,100	0	30,200	3,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Disposition of Intangible Assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	0	16	0	53,884	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt extinguishment losses
-	-	-	-	-	-	0	0	-44,900	-1,000	-600	-2,600	0	0	-	-	-	-	-37,800	-18,200	0	-6,700	0	0	-4,500	-2,900	-	-	-	-	-	-	-	-	-59,782	0	0	29,891	-	-	-	-	-	-	-	-
Payment of additional acquisition consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-8	0	16,808	16	0	0	9,784	0	0	0	19,660	-	-	-	-	0	0	-97	326
(Gain) loss on sale of businesses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,129	-	-	-	-	-	-	-	-
Loss on disposal of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,700	-2,000	-1,700	-2,000	-1,400	-1,200	-5,898	3,104	-906	-1,398	-1,089	-940	-373	-819	-525	-570	-725	-1,462	-517	-495	-1,291	-1,754	-543	-2,364	231
Gain on sale of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	25,100	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other adjustments and non-cash items
-14,300	-500	-6,200	2,500	-2,700	-11,700	-1,900	500	-6,100	-1,200	-1,400	-7,700	-100	6,000	-2,500	-200	-1,200	200	-15,900	-1,100	-2,700	-1,200	10,400	4,300	-3,800	900	1,700	-4,576	827	1,149	2,109	-1,552	1,318	1,825	-2,278	-915	1,458	642	379	-3,024	-401	2,038	2,087	-1,085	182	476
Changes in operating assets and liabilities, excluding the effect of acquisitions and dispositions:
Accounts receivable
17,900	-17,600	66,800	28,300	-18,200	-400	24,400	16,300	-8,900	6,400	11,800	57,700	-6,500	-21,500	21,000	3,800	11,300	-4,300	33,800	-200	-13,000	9,700	20,500	-6,900	-5,900	-15,600	5,200	-17,927	15,530	-6,903	-11,055	14,482	957	6,616	29,251	-11,773	6,118	-6,465	15,498	-2,374	7,750	-663	-18,431	-22,426	-10,928	-5,796
Inventories
18,400	14,900	-18,700	27,700	26,100	27,900	11,300	11,800	4,200	23,300	-8,600	-8,800	8,300	20,700	-5,500	-4,400	-1,300	3,600	-11,000	-3,900	-10,300	-18,700	2,500	18,400	9,700	14,100	-13,100	-8,381	-9,723	6,004	3,241	-2,930	415	11,474	-2,573	10,010	12,025	12,696	-5,975	-4,421	2,684	12,959	-836	6,006	459	8,707
Prepaid income taxes
28,700	-1,000	-8,300	3,200	10,300	-2,000	-12,500	-7,900	37,900	-8,100	4,200	4,900	-1,200	800	-2,800	1,500	18,300	-21,700	-2,000	2,600	21,100	-22,400	12,000	10,300	0	-44,700	11,900	-20,300	1,838	-18,538	-5,740	-36	16	-340	10,098	-12,792	12,523	-3,675	-3,483	7,284	143	-172	-4,053	-5,785	9,661	-17,748
Prepaid expenses and other assets
315,000	2,600	-5,800	1,400	8,600	1,800	4,500	-9,400	4,100	5,000	-2,000	400	-13,400	17,400	-11,300	1,200	7,300	7,700	-1,000	-7,300	-400	3,000	-3,500	-4,000	-7,700	-2,100	4,400	-6,525	48	1,177	-68,444	-4,930	3,044	530	1,829	-1,543	100	85	691	-2,607	2,723	-553	1,809	-3,131	1,329	570
Accounts payable
7,500	-55,400	25,400	-3,700	-11,200	-16,000	23,500	9,900	-2,400	-7,100	17,700	-28,800	18,300	-17,800	25,700	12,800	6,500	-4,900	27,300	16,000	7,000	-24,800	10,100	14,000	-22,700	10,400	8,000	-1,461	-2,310	-10,629	11,955	-10,494	2,838	-499	10,950	-10,932	-4,057	6,628	1,087	2,937	985	2,142	-3,247	-2,245	-1,922	-5,467
Accrued expenses and other liabilities
-28,200	-22,600	31,400	23,300	-19,600	-51,600	62,400	13,900	-71,400	48,900	-33,200	-536,500	537,300	14,600	10,900	36,800	7,700	-9,800	11,600	44,600	-14,300	-5,000	-1,400	22,600	-60,200	53,700	-29,700	43,799	-87,937	76,138	-81,230	-10,209	39,133	11,306	31,021	10,508	-2,362	1,402	7,235	-17,042	7,304	2,155	16,658	442	-3,301	-24,412
Deferred revenue
16,100	-10,300	10,500	-4,800	5,400	3,300	-5,200	5,700	8,600	-10,600	-11,400	19,000	-3,700	-14,500	1,300	6,200	-7,200	-5,200	13,700	-4,900	8,500	-1,200	4,400	1,600	6,500	2,600	7,100	1,892	10,551	-6,243	1,483	5,586	1,818	3,813	-3,564	-5,081	6,851	1,313	848	-279	11,123	9,581	5,244	1,882	3,066	9,448
Net cash provided by operating activities
117,700	113,900	247,700	163,700	133,500	104,600	232,400	234,000	97,400	169,100	166,600	-411,700	83,800	169,600	228,500	247,400	150,900	171,400	243,200	242,300	157,800	153,500	131,700	158,400	69,000	149,300	78,000	246,272	14,503	155,025	85,569	71,796	101,104	111,731	118,909	119,924	81,870	135,321	118,771	117,282	94,632	126,027	153,022	156,311	120,872	120,251
INVESTING ACTIVITIES
Acquisition of businesses, net of cash acquired
31,400	11,800	1,200	800	2,000	106,600	72,100	0	300	4,100	79,200	7,500	1,471,400	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity investment impairment charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	345	0	2,100	-	-	-	-	-	-	-	-
Proceeds From Sale Of Business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	2,400	-	50	84,762	1,488	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures
18,200	11,400	19,200	14,800	13,500	9,500	20,500	13,300	14,400	10,200	22,000	11,300	13,000	11,500	20,300	7,600	10,300	9,100	20,200	7,900	9,200	10,800	13,400	11,100	11,400	8,400	7,900	15,212	14,655	11,233	12,408	6,460	7,442	6,790	5,891	7,238	7,269	7,387	8,324	7,394	6,719	5,573	6,548	8,251	7,059	9,499
Increase in equipment under customer usage agreements
13,400	20,100	12,200	11,000	15,800	13,100	11,600	11,400	12,600	11,600	11,600	12,900	12,100	13,200	11,400	13,500	11,700	10,600	11,100	10,500	9,400	10,300	9,000	8,900	10,000	8,000	9,200	10,945	9,741	11,214	12,850	13,425	11,439	7,886	7,237	7,610	7,333	5,698	3,987	4,324	5,775	4,562	6,537	9,673	6,703	3,964
Proceeds from sale of available-for-sale marketable securities
-	-	-	-	-	-	-	-	-	-	0	5,300	81,400	400	0	0	0	31,100	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of cost method investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	29,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of insurance contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	6,400	0	0	0	-13,800	0	0	0	4,000	-	-	-	-	0	0	0	5,322	0	0	0	5,322	0	0	2,000	3,322
Purchase of insurance contracts
0	2,400	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales of mutual funds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,300	0	1,300	6,400	0	3,800	2,700	15,900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of intellectual property
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	500	0	6,000	0	238
Proceeds from sale of intellectual property
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	60,000	-	-	-	-	0	0	12,500	750	750	750	70,750	750	750	750	750	0
Purchase of cost-method equity investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-25	0	3,625	50	0	100	150	0	0	-51	150	74	246	350	125	150	175	225	0
Other activity
1,400	0	1,600	1,700	2,100	1,500	3,300	1,700	1,800	300	-5,000	3,800	900	900	4,600	500	800	-900	300	-600	-300	900	400	1,100	1,500	400	2,900	-351	6,095	-1,144	6,652	949	8	-9	-	-	-	-	-	-	-	-	-	-	-	-
(Increase) decrease in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-386	-6	95	-25	-38	-6	5	-2,483	248	-483
Increase in other assets
1,400	0	1,600	1,700	2,100	1,500	3,300	1,700	1,800	300	-5,000	3,800	900	900	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	949	8	-9	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
78,300	-45,700	-80,800	-32,800	-36,400	-130,700	-107,500	-26,400	-35,100	-26,200	-107,800	-30,200	449,000	-25,200	-32,300	-21,600	-26,800	12,300	-29,300	-17,800	-17,000	-22,000	-15,100	-17,300	-20,200	-14,400	-21,300	-26,005	50,353	15,752	-3,798,876	-20,834	-6,489	-24,601	-20,914	-86,927	-122,414	-36,332	-96,923	-10,511	55,780	-15,326	-12,490	-20,866	-15,388	-16,866
FINANCING ACTIVITIES
Proceeds from long-term debt
0	0	0	0	0	1,500,000	0	0	0	1,500,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of long-term debt
9,400	9,400	0	0	0	1,462,500	9,400	9,400	9,300	1,331,300	28,100	18,800	18,700	18,800	18,800	18,700	18,700	18,800	1,050,000	1,687,500	28,700	328,800	16,200	16,300	41,200	521,300	216,200	16,300	16,250	16,250	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Senior Notes
-	-	-	-	-	-	0	0	1,000,000	350,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of Senior Notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	342	338	335	-	327	335	1,842	7,959	595	1,283	290
Payments to extinguish convertible notes
-	-	-	-	-	-	0	243,400	5,900	296,900	106,100	269,100	14,600	6,400	81,300	0	311,400	100	543,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from revolving credit line
750,000	0	0	0	0	480,000	190,000	250,000	215,000	495,000	220,000	125,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments under revolving credit line
0	0	0	85,000	0	695,000	130,000	165,000	180,000	720,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	46,969	72,554	54,644	95,526	107,622	58,643	29,042
Proceeds from accounts receivable securitization agreement
0	16,000	0	43,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of Accounts Receivable Securitization
-	-	-	-	-	-	0	9,000	0	-	0	4,000	32,000	12,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	600	-33	39,025	3,408	20	0	47,575	4,105	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Noncontrolling Interests
300	1,400	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	0	0	2,683	-	-	-	0
Payment of acquired long-term debt
-	0	-	-	-	2,500	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of deferred acquisition consideration
7,700	16,600	3,900	2,600	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of debt issuance costs
0	0	0	0	0	2,700	0	0	11,600	11,900	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	5,327	-	-	-	-	-	-	-	-
Accelerated share repurchase agreement
0	205,000	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of common stock
267,600	80,900	0	50,000	3,100	147,000	88,500	96,600	90,700	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock pursuant to employee stock plans
17,900	18,700	13,900	7,100	15,300	13,500	9,100	7,800	6,800	9,500	6,500	15,900	13,400	13,200	11,100	8,400	7,900	11,100	19,600	13,000	22,200	15,200	5,600	22,100	40,800	12,900	23,900	13,577	24,846	12,777	6,859	1,352	18,762	1,627	1,326	10,670	10,464	2,944	1,300	1,071	8,317	1,906	8,776	347	1,096	668
Payments under finance lease obligations
400	400	400	500	400	400	400	500	400	400	500	400	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit related to equity awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	3,000	3,000	500	1,100	1,100	3,000	2,000	963	2,252	2,185	2,409	1,108	958	1,725	384	1,501	1,115	652	215	338	709	781	2,450	229	221	78
Financing costs on credit agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36	31	283
Payment of minimum tax withholdings on net share settlements of equity awards
1,600	10,900	400	500	300	11,600	600	500	1,300	14,300	400	1,700	1,200	16,400	300	500	700	14,900	300	500	1,500	10,600	600	100	0	9,100	300	2,028	2,087	7,885	-7	11	135	5,561	5	147	6,234	4,013	2	116	74	2,332	3	118	753	7
Net cash used in financing activities
222,600	-289,900	9,200	-104,500	-8,000	-328,200	-27,900	-241,500	-115,100	-20,300	-110,600	-113,100	-45,100	-40,400	-89,300	-99,900	-458,800	-22,700	-603,900	-11,200	-11,100	-321,200	-10,700	6,800	-6,700	-514,500	-193,500	-5,436	-37,283	-12,581	3,367,863	363	-33,812	-6,314	1,359	7,387	5,007	-6,079	1,179	-46,003	-63,937	-58,814	-92,262	-108,093	-59,393	-28,876
Effect of exchange rate changes on cash and cash equivalents
-300	1,400	-2,200	500	800	-1,300	-5,700	-4,900	2,600	1,200	4,000	8,800	900	-6,400	0	-700	700	-2,000	-3,700	1,200	-3,200	-2,400	-2,300	100	-100	-400	900	-1,397	-1,048	-155	794	-804	676	-66	-823	499	419	-499	1,230	-715	-202	-31	1,195	-859	-342	1,309
Net increase (decrease) in cash and cash equivalents
418,300	-220,300	173,900	26,900	89,900	-355,600	91,300	-38,800	-50,200	123,800	-47,800	-546,200	488,600	97,600	106,900	125,200	-334,000	159,000	-393,700	214,500	126,500	-192,100	103,600	148,000	42,000	-380,000	-135,900	213,434	26,525	158,041	-344,650	50,521	61,479	80,750	98,531	40,883	-35,118	92,411	24,257	60,053	86,273	51,856	49,465	26,493	45,749	75,818