Incyte corp (INCY)
CashFlow / Quarterly
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'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Cash flows from operating activities:
Net income (loss)

-720,642

111,005

128,271

105,318

102,312

69,063

29,176

52,394

-41,140

-149,629

36,054

-12,484

-187,083

8,873

36,877

34,425

24,047

55,176

-39,582

9,296

-18,359

-36,943

59,292

-36,873

-33,957

-42,871

-22,036

-2,571

-15,669

18,779

-21,710

4,037

-45,426

-55,079

-53,078

-51,871

-26,512

32,541

-31,702

3,044

-35,729

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-108

0

129

-109

20

-139

-145

-115

Depreciation and amortization

13,098

13,345

13,862

13,435

13,891

14,226

13,818

13,501

13,424

12,859

11,940

12,352

15,027

17,566

16,951

12,850

11,058

10,604

11,178

11,266

11,835

12,221

9,871

9,698

9,623

8,852

4,568

8,053

7,734

7,765

7,576

7,404

7,234

7,042

6,871

6,647

6,430

6,826

5,378

5,885

6,396

Stock-based compensation

42,513

42,023

43,359

40,615

40,592

37,323

38,001

36,605

36,224

33,768

34,929

33,745

30,613

27,603

26,527

21,302

20,769

17,097

17,625

17,592

17,558

15,903

15,428

15,478

15,347

9,821

9,447

9,933

9,197

9,067

9,583

9,911

9,932

7,447

7,399

7,191

6,946

4,121

4,059

3,555

3,121

Expense related to senior note conversions

-

-

-

-

-

-

-

-

-

0

0

751

54,130

-

-

-

-

-

-

-

-

0

0

0

265

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-145

-130

-129

-123

-104

-86

-86

-85

-87

-74

-70

-75

-71

-147

-74

-429

178

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized loss (gain) on long term investments

-48,132

15,755

2,339

-4,625

20,989

-22,182

-9,949

-34,641

22,679

-21,932

23,045

-19,574

-5,814

-23,758

24,301

-854

-2,950

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax provision from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21

-1,760

3,833

-96

105

0

-31

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of acquisition-related contingent consideration

6,627

3,122

3,281

6,608

6,671

7,465

4,720

7,303

6,685

9,618

-16,343

7,073

7,356

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on debt redemption

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-3,988

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

42,713

32,693

-26,564

58,599

-63,517

59,862

-68,574

96,120

-46,109

67,954

28,829

-75,459

96,217

17,235

3,894

15,988

-13,170

27,484

11,844

5,518

11,671

-51,666

62,394

811

11,020

2,177

5,675

-519

-42,910

54,411

2,699

831

6,595

3,953

86

-14,203

10,878

966

-1,625

1,107

-158,408

Prepaid expenses and other assets

16,701

4,255

-1,645

-2,795

-5,559

12,082

-2,259

4,667

18,922

-684

-1,441

8,398

25,094

-254

5,863

3,793

3,667

-5,501

2,864

-1,140

194

20,786

-791

5,595

4,899

2,397

832

-4,313

837

-8,533

78

-8,419

-29

-10,196

1,638

-9,346

80

-5,885

-1,142

-10,155

1,661

Inventory

5,712

3,187

625

1,688

600

-1,013

-1,152

1

-1,879

-110

-279

-3,672

-790

392

-2,757

-930

-752

-928

-179

1,010

-1

1,505

2,071

11

506

36

3,764

2,213

577

3,545

876

819

-23

-

-

-

-

-

-

-

-

Accounts payable

-22,710

-11,729

23,792

1,221

-33,464

8,349

19,919

1,444

6,444

-2,262

840

-17,234

10,728

18,075

16,800

7,069

1,814

2,719

-1,796

2,576

2,124

-2,143

-646

9,301

-1,152

890

4,741

-2,044

1,554

1,197

1,662

-2,072

-1,765

3,901

2,250

997

-2,982

3,023

-1,408

-4,146

-7,660

Accrued and other liabilities

14,546

29,989

32,476

38,507

-21,930

-3,466

11,494

-12,782

-7,273

51,533

23,787

2,209

10,227

11,458

24,546

-39,207

29,679

8,776

8,603

6,676

1,190

29,428

10,838

-2,528

-2,208

14,114

16,850

-955

-2,820

7,888

5,130

-3,574

-4,776

8,534

8,043

-639

-305

-6,985

8,146

-3,250

-7,178

Deferred revenue-product revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-8,993

2,988

3,673

-

-

-

-

-

-16,757

-16,757

-16,747

Deferred revenue-collaborative agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,868

-3,215

-3,214

-3,215

-3,214

-3,214

-3,214

-3,237

-3,217

-3,217

-3,216

-3,218

-15,827

-16,740

-16,740

-16,739

-16,729

-16,740

-16,739

-16,730

-16,740

-16,739

-16,739

-16,732

-

-

-

-

Net cash (used in) provided by operating activities

-683,417

131,618

270,415

152,960

155,663

83,838

199,148

32,403

20,838

-89,267

53,123

116,794

-173,638

94,378

95,271

17,572

97,535

72,881

7,723

13,390

-4,586

44,720

27,787

-14,557

-31,694

-11,689

-11,950

8,081

24,738

-22,008

-27,145

8,724

-54,401

-39,779

-46,978

-30,736

-44,222

27,403

-29,522

-2,766

102,823

Purchase of long term investments

95,468

-

-

-

-

0

0

-1

8,937

0

0

0

123,891

-

-

-

-

0

0

0

39,829

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures

39,265

29,315

-16,812

47,294

18,267

25,281

24,821

10,791

12,590

25,251

34,304

30,499

20,967

15,872

16,629

82,214

5,562

6,896

13,358

2,196

3,553

5,855

10,659

8,699

2,663

2,031

789

553

894

930

406

1,007

496

992

1,180

1,075

552

2,739

466

598

306

Purchases of marketable securities

147,403

152,652

118,187

69,396

34,574

55,704

45,401

20,794

38,033

128,861

16,665

8,983

106,271

30,451

9,126

1,000

16,795

13,776

14,164

45,745

34,467

20,810

48,166

20,001

45,114

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

136

-430

157

97

167

-

-

-

-

-

-

-

-

Sale and maturities of marketable securities

173,576

151,939

113,659

71,543

28,278

44,888

52,346

27,662

31,032

11,110

20,130

2,164

112,310

10,202

13,923

12,778

51,114

16,143

12,307

21,250

19,274

23,147

134

157

90

-

-

-

-

-

-

-

-

-

-

530

576

-

1,321

10,272

6,822

Net cash used in investing activities

-108,560

-30,028

12,284

-45,147

-24,563

-36,097

-17,876

-3,922

-28,528

-143,002

-30,839

-37,318

-138,819

-36,012

-9,952

-215,281

28,757

-4,529

-15,215

-26,691

-58,575

-3,518

-58,691

-28,543

-47,687

-19,934

-1,003

-15,702

-758

-500

-249

-910

-329

-1,139

-841

-545

24

-1,841

855

9,674

6,516

Restricted investments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-11

13,877

110

135

145

-398

125

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock under stock plans

14,619

29,516

3,111

15,191

15,481

9,462

2,437

15,448

2,595

8,210

9,093

15,725

33,736

17,505

8,363

13,886

10,219

9,565

13,913

33,778

29,180

28,693

6,539

12,779

44,833

17,236

28,364

9,780

17,777

7,482

8,914

17,894

13,421

1,754

1,073

12,512

4,129

-

-

-

-

Proceeds from issuance of common stock, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,383

2,434

4,227

Excess tax provision from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21

-1,760

3,833

-96

105

0

-31

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of convertible senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

158,644

Cash paid in connection with senior note conversions

-

-

-

-

-

-

-

-

-

0

0

837

8,097

-

-

-

-

-

-

-

-

0

0

0

265

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of finance lease liabilities

187

200

200

205

195

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Direct financing arrangements repayments

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

445

320

467

460

452

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of contingent consideration

11,933

0

0

5,967

10,799

-

-

-

-

4,486

4,486

4,356

3,679

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

2,499

29,320

2,894

9,010

4,487

4,063

2,437

5,562

2,595

3,724

653,994

10,532

21,960

-151

7,126

27,763

9,884

7,286

13,612

31,160

32,686

29,097

6,644

12,779

44,537

230,930

26,873

9

17,777

7,482

8,914

17,894

13,421

1,754

1,073

12,512

4,129

3,546

3,383

2,434

-154,417

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

1,560

-221

187

-284

126

-6

-38

100

35

7

-3

-36

-7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-787,918

130,689

285,780

116,539

135,713

51,798

183,671

34,143

-5,060

-228,538

676,275

89,972

-290,504

58,221

92,445

-169,961

136,176

75,638

6,120

17,859

-30,475

70,293

-24,260

-30,321

-34,844

199,307

13,920

-7,612

41,757

-15,026

-18,480

25,708

-41,309

-39,164

-46,746

-18,769

-40,069

29,108

-25,284

9,342

-45,078

Supplemental Schedule of Cash Flow Information
Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

3,326

0

3,046

846

5,048

6,028

831

839

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes paid

855

21,155

5,959

5,991

448

2,485

988

1,892

52

118

626

3,317

2,244

210

488

215

14

-24

3

70

13

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unpaid purchases of property and equipment

13,582

-

-

-

8,414

-

-

-

-

-5,131

-92

1,727

9,139

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Leased assets obtained in exchange for new operating lease liabilities

1,984

921

4,328

1,426

932

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Leased assets obtained in exchange for new finance lease liabilities

-

149

0

29,095

645

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

7,664

2

2

27

3

7

16,872

334,162

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

0

1

1,628

328,382

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-