Incyte corp (INCY)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net income (loss)

446,906

109,493

-313,142

104,222

6,531

-48,481

-83,147

-44,320

-186,540

-31,846

-211,870

Adjustments to reconcile net income to net cash provided by operating activities:
Non-cash restructuring benefit

-

-

-

-

-

-

-

-

-88

-379

2,011

Depreciation and amortization

54,533

54,969

52,178

58,425

44,883

41,413

29,207

29,979

26,990

24,485

16,690

In-process research and development impairment

-

-

12,000

-

-

-

-

-

-

-

-

Stock-based compensation

166,589

148,153

133,055

96,201

69,872

62,156

38,398

38,493

28,983

14,856

9,980

Expense related to senior note conversions

-

-

54,881

-

-

265

11,484

-

-

-

-

Deferred income taxes

377

459

-

-

-

-

-

-

-

-

-

Other, net

-486

-344

-290

-472

1,612

-

-

-

-

-

-

Unrealized loss (gain) on long term investments

34,458

-44,093

-24,275

-3,261

-4,581

-

-

-

-

-

-

Loss on repurchase of convertible senior notes

-

-

-

-

-

-

-17,934

-

-

-3,988

-5,727

Excess tax provision from stock-based compensation

-

-

-

-

-

-22

214

-

-

-

-

Change in fair value of acquisition-related contingent consideration

19,682

26,173

7,704

17,422

-

-

-

-

-

-

-

Loss on embedded derivative liability

-

-

-

-

-

-

-

-

-

-

34,300

Impairment of long-term investments and marketable securities

-

-

-

-

-

-

-

-

-

-

1,254

Realized (gain) loss on restricted cash and investments and marketable securities, net

-

-

-

-

-

-

-

552

-185

183

-85

Changes in operating assets and liabilities:
Accounts receivable

1,211

41,299

117,541

23,947

56,517

22,559

-35,577

64,536

714

-157,960

162,611

Prepaid expenses and other assets

-5,744

33,412

31,367

13,069

-3,583

30,489

-247

-16,903

-17,824

-15,521

-3,954

Inventory

6,100

-4,043

-4,851

-4,047

-98

4,093

6,590

5,217

3,536

-

-

Accounts payable

-20,180

36,156

-7,928

43,758

5,623

5,360

5,141

-978

4,166

-10,191

5,285

Accrued and other liabilities

79,042

-12,027

87,756

26,476

25,245

35,530

27,189

4,668

15,633

-9,267

2,416

Deferred revenue-product revenues

-

-

-

-

-

-

-

-2,332

2,332

-

-

Deferred revenue-collaborative agreements

-

-

-

-12,512

-12,879

-12,868

-66,046

-66,938

-66,950

-67,006

305,137

Net cash (used in) provided by operating activities

710,656

336,227

-92,988

304,756

89,408

26,256

9,180

-94,830

-161,715

97,938

12,358

Acquisition of business, net of cash acquired

-

-

-

142,856

-

-

-

-

-

-

-

Purchase of long term investments

-

8,936

123,891

-

39,829

-

-

-

-

-

-

Capital expenditures

78,064

73,483

111,021

120,277

26,003

27,876

4,267

2,839

3,799

4,109

387

Purchases of marketable securities

374,809

159,932

260,780

57,372

108,152

134,091

33,713

-860

-

-

-

Sales of marketable securities

-

-

-

-

-

-

-

-9

-

431

-

Sale and maturities of marketable securities

365,419

155,928

145,714

88,017

68,974

23,528

583

-

-

-

1,212

Net cash used in investing activities

-87,454

-86,423

-349,978

-232,488

-105,010

-138,439

-37,397

-1,988

-2,501

15,204

16,452

Cash flows from financing activities:
Maturities of marketable securities

-

-

-

-

-

-

-

-

1,298

18,882

15,627

Restricted investments, net

-

-

-

-

7

500

-15,000

-

-

-

-

Proceeds from issuance of common stock under stock plans

63,299

29,942

66,764

49,973

86,436

92,844

73,157

47,711

19,468

13,590

2,061

Proceeds from issuance of common stock, net

-

-

649,387

-

-

-

-

-

-

-

132,336

Excess tax provision from stock-based compensation

-

-

-

-

-

-22

214

-

-

-

-

Changes in restricted cash

-

-

-

-

-

-

-

-

-

-

56,223

Repurchase of convertible senior notes

-

-

-

-

-

-

499,994

-

-

158,644

223,289

Cash paid in connection with senior note conversions

-

-

8,934

-

-

265

11,484

-

-

-

-

Payment of finance lease liabilities

800

-

-

-

-

-

-

-

-

-

-

Direct financing arrangements repayments

-

-

-

445

1,699

-

-

-

-

-

-

Payment of contingent consideration

16,766

15,285

17,007

4,906

-

-

-

-

-

-

-

Proceeds from issuance of convertible senior notes, net of costs

-

-

-

-

-

-

728,696

-

-

-

387,369

Net cash provided by financing activities

45,711

14,657

690,210

44,622

84,744

93,057

275,589

47,711

19,468

-145,054

242,254

Effect of exchange rates on cash, cash equivalents, restricted cash and investments

-192

91

-39

-9

-

-6

-

-

-

-

-7

Net (decrease) increase in cash, cash equivalents, restricted cash and investments

668,721

264,552

247,205

116,881

69,142

-19,132

247,372

-49,107

-144,748

-31,912

271,057

Supplemental Schedule of Cash Flow Information
Interest paid

239

268

314

7,218

12,746

11,290

15,587

19,000

19,000

22,175

15,141

Income taxes paid

33,553

5,417

6,305

927

62

37

140

1

-

-

-

Unpaid purchases of property and equipment

12,732

7,673

5,643

10,989

-

-

-

-

-

-

-

Leased assets obtained in exchange for new operating lease liabilities

7,607

-

-

-

-

-

-

-

-

-

-

Leased assets obtained in exchange for new finance lease liabilities

29,889

-

-

-

-

-

-

-

-

-

-

Purchase of property and equipment financed by direct financing lease

-

-

-

-

-

31,495

19,274

-

-

-

-

Convertible Senior Notes 0.375 Percent Due 2018
Reclassification to common stock and additional paid in capital in connection with conversions of convertible senior notes

-

7,695

351,044

5

-

-

-

-

-

-

-

Convertible Senior Notes 1.25 Percent Due 2020
Reclassification to common stock and additional paid in capital in connection with conversions of convertible senior notes

-

-

330,011

4

-

-

-

-

-

-

-