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

-376,048

446,906

404,964

305,869

252,945

109,493

-109,199

-102,321

-167,199

-313,142

-154,640

-153,817

-106,908

104,222

150,525

74,066

48,937

6,531

-85,588

13,286

-32,883

-48,481

-54,409

-135,737

-101,435

-83,147

-21,497

-21,171

-14,563

-44,320

-118,178

-149,546

-205,454

-186,540

-98,920

-77,544

-22,629

-31,846

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-88

40

-99

-373

-379

0

0

0

Depreciation and amortization

53,740

54,533

55,414

55,370

55,436

54,969

53,602

51,724

50,575

52,178

56,885

61,896

62,394

58,425

51,463

45,690

44,106

44,883

46,500

45,193

43,625

41,413

38,044

32,741

31,096

29,207

28,120

31,128

30,479

29,979

29,256

28,551

27,794

26,990

26,774

25,281

24,519

24,485

0

0

0

Stock-based compensation

168,510

166,589

161,889

156,531

152,521

148,153

144,598

141,526

138,666

133,055

126,890

118,488

106,045

96,201

85,695

76,793

73,083

69,872

68,678

66,481

64,367

62,156

56,074

50,093

44,548

38,398

37,644

37,780

37,758

38,493

36,873

34,689

31,969

28,983

25,657

22,317

18,681

14,856

0

0

0

Expense related to senior note conversions

-

-

-

-

-

-

-

-

-

54,881

0

0

0

-

-

-

-

-

-

-

-

265

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-527

-486

-442

-399

-361

-344

-332

-316

-306

-290

-363

-367

-721

-472

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized loss (gain) on long term investments

-34,663

34,458

-3,479

-15,767

-45,783

-44,093

-43,843

-10,849

4,218

-24,275

-26,101

-24,845

-6,125

-3,261

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax provision from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,998

2,082

3,842

-22

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of acquisition-related contingent consideration

19,638

19,682

24,025

25,464

26,159

26,173

28,326

7,263

7,033

7,704

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on debt redemption

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

107,441

1,211

28,380

-13,630

23,891

41,299

49,391

146,794

-24,785

117,541

66,822

41,887

133,334

23,947

34,196

42,146

31,676

56,517

-22,633

27,917

23,210

22,559

76,402

19,683

18,353

-35,577

16,657

13,681

15,031

64,536

14,078

11,465

-3,569

714

-2,273

-3,984

11,326

-157,960

0

0

0

Prepaid expenses and other assets

16,516

-5,744

2,083

1,469

8,931

33,412

20,646

21,464

25,195

31,367

31,797

39,101

34,496

13,069

7,822

4,823

-110

-3,583

22,704

19,049

25,784

30,489

12,100

13,723

3,815

-247

-11,177

-11,931

-16,037

-16,903

-18,566

-17,006

-17,933

-17,824

-13,513

-16,293

-17,102

-15,521

0

0

0

Inventory

11,212

6,100

1,900

123

-1,564

-4,043

-3,140

-2,267

-5,940

-4,851

-4,349

-6,827

-4,085

-4,047

-5,367

-2,789

-849

-98

2,335

4,585

3,586

4,093

2,624

4,317

6,519

6,590

10,099

7,211

5,817

5,217

0

0

0

-

-

-

-

-

-

-

-

Accounts payable

-9,426

-20,180

-102

-3,975

-3,752

36,156

25,545

6,466

-12,212

-7,928

12,409

28,369

52,672

43,758

28,402

9,806

5,313

5,623

761

1,911

8,636

5,360

8,393

13,780

2,435

5,141

5,448

2,369

2,341

-978

1,726

2,314

5,383

4,166

3,288

-370

-5,513

-10,191

0

0

0

Accrued and other liabilities

115,518

79,042

45,587

24,605

-26,684

-12,027

42,972

55,265

70,256

87,756

47,681

48,440

7,024

26,476

23,794

7,851

53,734

25,245

45,897

48,132

38,928

35,530

20,216

26,228

27,801

27,189

20,963

9,243

6,624

4,668

5,314

8,227

11,162

15,633

114

217

-2,394

-9,267

0

0

0

Deferred revenue-product revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,332

0

0

0

-

-

-

-

-

0

0

0

Deferred revenue-collaborative agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-12,512

-12,858

-12,857

-12,857

-12,879

-12,882

-12,885

-12,887

-12,868

-25,478

-39,001

-52,525

-66,046

-66,948

-66,948

-66,947

-66,938

-66,949

-66,948

-66,948

-66,950

0

0

0

-

-

-

-

Net cash (used in) provided by operating activities

-128,424

710,656

662,876

591,609

471,052

336,227

163,122

17,097

101,488

-92,988

90,657

132,805

33,583

304,756

283,259

195,711

191,529

89,408

61,247

81,311

53,364

26,256

-30,153

-69,890

-47,252

9,180

-1,139

-16,334

-15,691

-94,830

-112,601

-132,434

-171,894

-161,715

-94,533

-77,077

-49,107

97,938

0

0

0

Purchase of long term investments

0

-

-

-

-

8,936

8,936

8,936

8,937

123,891

0

0

0

-

-

-

-

39,829

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures

99,062

78,064

74,030

115,663

79,160

73,483

73,453

82,936

102,644

111,021

101,642

83,967

135,682

120,277

111,301

108,030

28,012

26,003

24,962

22,263

28,766

27,876

24,052

14,182

6,036

4,267

3,166

2,783

3,237

2,839

2,901

3,675

3,743

3,799

5,546

4,832

4,355

4,109

0

0

0

Purchases of marketable securities

487,638

374,809

277,861

205,075

156,473

159,932

233,089

204,353

192,542

260,780

162,370

154,831

146,848

57,372

40,697

45,735

90,480

108,152

115,186

149,188

123,444

134,091

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-40

-9

0

0

0

-

-

-

-

-

-

-

-

Sale and maturities of marketable securities

510,717

365,419

258,368

197,055

153,174

155,928

122,150

89,934

64,436

145,714

144,806

138,599

149,213

88,017

93,958

92,342

100,814

68,974

75,978

63,805

42,712

23,528

0

0

0

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

Net cash used in investing activities

-171,451

-87,454

-93,523

-123,683

-82,458

-86,423

-193,328

-206,291

-239,687

-349,978

-242,988

-222,101

-400,064

-232,488

-201,005

-206,268

-17,678

-105,010

-103,999

-147,475

-149,327

-138,439

-154,855

-97,167

-84,326

-37,397

-17,963

-17,209

-2,417

-1,988

-2,627

-3,219

-2,854

-2,501

-3,203

-1,507

8,712

15,204

0

0

0

Restricted investments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,111

14,267

-8

7

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock under stock plans

62,437

63,299

43,245

42,571

42,828

29,942

28,690

35,346

35,623

66,764

76,059

75,329

73,490

49,973

42,033

47,583

67,475

86,436

105,564

98,190

77,191

92,844

81,387

103,212

100,213

73,157

63,403

43,953

52,067

47,711

41,983

34,142

28,760

19,468

0

0

0

-

-

-

-

Proceeds from issuance of common stock, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Excess tax provision from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,998

2,082

3,842

-22

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of convertible senior notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

158,644

0

0

0

Cash paid in connection with senior note conversions

-

-

-

-

-

-

-

-

-

8,934

0

0

0

-

-

-

-

-

-

-

-

265

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of finance lease liabilities

792

800

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Direct financing arrangements repayments

-

-

-

-

-

-

-

-

-

-

-

-

-

445

765

1,232

1,692

1,699

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of contingent consideration

17,900

16,766

0

0

0

-

-

-

-

17,007

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

43,723

45,711

20,454

19,997

16,549

14,657

14,318

665,875

670,845

690,210

686,335

39,467

56,698

44,622

52,059

58,545

61,942

84,744

106,555

99,587

81,206

93,057

294,890

315,119

302,349

275,589

52,141

34,182

52,067

47,711

41,983

34,142

28,760

19,468

21,260

23,570

13,492

-145,054

0

0

0

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

1,242

-192

23

-202

182

91

104

139

3

-39

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-254,910

668,721

589,830

487,721

405,325

264,552

-15,784

476,820

532,649

247,205

533,964

-49,866

-309,799

116,881

134,298

47,973

235,793

69,142

63,797

33,417

-14,763

-19,132

109,882

148,062

170,771

247,372

33,039

639

33,959

-49,107

-73,245

-101,511

-145,988

-144,748

-76,476

-55,014

-26,903

-31,912

0

0

0

Supplemental Schedule of Cash Flow Information
Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

7,218

8,940

14,968

12,753

12,746

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes paid

33,960

33,553

14,883

9,912

5,813

5,417

3,050

2,688

4,113

6,305

6,397

6,259

3,157

927

693

208

63

62

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unpaid purchases of property and equipment

0

-

-

-

0

-

-

-

-

5,643

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Leased assets obtained in exchange for new operating lease liabilities

8,659

7,607

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Leased assets obtained in exchange for new finance lease liabilities

-

29,889

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

34

39

16,909

351,044

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-