JUNIPER NETWORKS, INC. JNPR Cash Flow

Juniper networks, inc. (JNPR)

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
Cash flows from operating activities:
Net income
20,400	168,400	99,300	46,200	31,100	192,200	223,800	116,500	34,400	-148,100	165,700	179,800	108,800	188,900	172,400	140,000	91,400	197,800	197,700	158,000	80,200	-769,600	103,600	221,100	110,600	151,800	99,100	97,900	91,000	95,700	16,800	57,700	16,300	96,151	83,671	115,518	129,660	190,110	134,337	130,343	164,610	21,133	83,786	14,769	-4,460
Adjustments to reconcile net income to net cash provided by operating activities:
Share-based compensation expense
42,000	55,100	57,500	55,700	33,900	36,900	53,200	56,600	70,400	36,400	45,000	44,100	62,000	62,500	54,700	55,600	51,800	56,000	56,400	58,900	46,000	54,600	65,300	59,300	60,800	63,900	69,300	61,500	49,900	56,700	59,200	61,800	65,000	52,564	58,993	58,657	47,586	48,245	44,391	44,603	40,561	38,214	34,354	33,529	33,562
Depreciation, amortization, and accretion
54,000	54,800	53,800	53,000	48,700	51,300	48,300	55,200	55,700	55,900	57,600	56,300	55,800	54,800	53,300	51,600	47,000	45,000	42,500	41,500	47,500	44,200	46,300	47,500	48,100	54,700	40,600	42,800	51,800	50,000	48,000	46,500	43,400	44,014	43,337	41,891	40,758	42,934	39,618	37,479	35,269	-	36,448	37,819	37,536
Operating lease assets expense
10,500	10,000	10,700	11,700	9,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash restructuring benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,900	1,400	-40,200	-15,000	72,000	122,400	18,900	12,100	8,800	7,700	11,100	83,400	3,200	2,000	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	21,100	-24,600	-13,900	12,600	11,300	68,500	-3,100	-37,800	-44,500	31,800	13,800	10,900	15,700	56,900	-52,000	-9,200	-13,900	13,214	-14,691	7,174	1,503	37,575	52,019	-13,123	-12,471	51,432	-111,284	20,850	48,438
(Gain) loss on investments and other, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	3,600	-5,400	0	5,600	200	600	1,100	-1,900	800	166,200	3,500	4,000	1,500	2,300	18,900	7,000	14,800	-14,000	682	-982	0	0	-	-	-	-	-2,251	0	-1,625	-1,686
Excess tax benefits from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,100	2,600	1,700	600	800	1,300	6,700	400	200	200	1,100	0	400	2,500	4,300	476	1,193	4,290	39,041	15,568	4,645	7,767	20,520	4,183	6,524	-4,087	-3,110
Other
-10,300	100	-3,200	-2,600	2,200	-6,100	-2,000	200	-1,700	7,800	4,900	800	1,000	-	-	-	-	-	-	-	-	-	-1,100	0	-800	-200	-1,100	0	-100	0	-200	-200	-200	-509	236	273	0	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable, net
-202,600	243,300	-22,900	6,300	-108,600	104,600	-53,400	23,300	-170,800	128,100	-27,100	78,200	-383,000	300,100	2,900	-42,700	3,200	203,200	44,700	25,200	-54,200	-16,400	54,600	-37,100	15,700	28,900	18,700	-2,000	94,300	41,300	-9,700	-44,200	-126,500	133,419	-44,037	17,628	-125,610	114,107	-52,075	122,886	-55,718	-28,047	57,569	-68,852	68,012
Prepaid expenses and other assets
37,100	66,900	-21,400	46,100	9,100	114,800	-70,400	14,800	11,700	8,200	-4,800	-49,900	3,500	21,400	9,700	-47,100	59,600	52,300	-50,500	19,900	21,800	-9,800	16,000	-11,800	15,700	59,000	-19,900	33,300	53,600	-42,600	7,500	24,200	22,300	-14,397	-7,695	-65,780	59,372	61,487	83,525	-26,862	11,150	-2,924	5,328	-2,196	8,312
Accounts payable
18,400	-12,700	47,200	-38,200	10,100	31,100	1,200	2,400	-31,200	1,400	-6,400	13,300	-18,400	14,500	-10,800	-6,900	69,800	-58,400	-8,000	-6,000	-7,800	-11,600	-2,600	33,500	19,000	-7,800	2,300	-12,500	9,100	-19,600	23,500	-10,700	-126,800	59,862	8,089	24,417	-58,468	39,736	14,795	7,794	-14,125	-3,200	11,266	28,736	-39,224
Accrued compensation
-59,800	51,900	-29,600	39,100	-54,900	45,600	-20,000	29,900	-14,100	17,800	-40,000	26,600	-47,200	57,500	-9,800	22,100	-89,300	72,700	-32,600	57,700	-54,100	32,300	-38,800	52,500	-92,000	83,200	-24,600	11,200	-75,200	49,200	-15,800	36,800	-15,400	30,425	-23,869	27,754	-66,510	69,710	-21,587	49,824	-19,847	36,952	-10,099	20,946	-31,720
Accrued litigation settlements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-30	0	0	169,330	-	-	-	0
Income taxes payable
5,100	-31,800	-4,900	1,900	-5,700	-25,200	-166,300	-70,100	-7,600	438,500	-19,100	23,800	4,100	10,600	16,100	600	-24,200	-3,900	51,500	42,600	14,100	-35,100	-27,400	40,400	73,100	-12,400	-7,600	19,900	-38,400	-72,200	47,500	21,000	-3,800	-17,041	19,021	13,121	38,099	42,100	-16,217	405	-1,088	128,485	-122,225	18,105	19,307
Other accrued liabilities
-27,000	2,700	-29,400	7,800	-27,900	3,100	13,000	23,600	-51,100	18,200	12,100	-23,500	-8,900	48,200	-27,500	7,500	-29,800	43,800	-14,300	17,700	-48,400	84,600	-67,800	-10,500	-52,200	53,300	-19,900	29,600	-26,500	9,400	-22,400	8,800	-11,200	-11,159	-11,911	5,689	13,981	-10,236	5,823	-9,607	4,620	50,356	-32,586	7,354	3,442
Deferred revenue
32,800	104,700	-82,400	-38,600	17,200	48,100	-71,700	-5,500	53,800	76,200	-40,500	7,400	11,900	177,000	8,300	24,400	92,000	43,200	20,500	-70,400	99,000	4,200	-61,000	19,100	82,800	48,200	-6,800	47,300	57,200	-69,500	-10,000	-6,700	32,600	81,188	-44,783	-20,049	65,844	96,626	17,239	-22,264	36,299	110,394	-5,393	36,241	22,084
Net cash provided by operating activities
272,200	95,700	185,000	88,800	159,400	212,400	207,300	170,300	271,100	212,600	201,400	298,700	546,600	350,300	243,900	360,000	172,400	124,000	293,000	263,200	219,300	284,900	-69,700	423,600	124,600	394,000	176,400	284,400	-8,900	150,100	173,200	212,100	102,300	243,579	185,164	318,307	239,650	371,000	131,411	221,343	88,546	259,605	223,946	148,681	163,865
Cash flows from investing activities:
Purchases of property and equipment
21,800	26,100	28,300	27,300	27,900	36,500	31,600	37,100	42,200	53,600	33,300	32,200	32,100	51,800	46,000	67,600	49,300	55,400	71,100	39,600	44,200	51,900	42,400	41,200	57,400	47,000	40,700	70,800	71,500	90,900	87,100	87,700	82,000	78,414	71,945	61,969	53,972	47,819	54,324	45,350	37,807	39,891	33,786	45,198	34,226
Purchases of available-for-sale debt securities
257,100	420,200	1,029,600	875,600	884,400	620,400	493,700	106,300	8,100	584,300	522,200	397,500	378,900	346,100	457,000	434,200	360,700	338,800	306,300	442,500	398,800	470,200	392,900	1,250,500	327,100	424,400	456,600	312,800	582,200	487,400	394,300	243,600	371,200	403,826	599,804	855,897	437,773	216,190	429,506	484,288	447,716	296,699	353,384	702,159	109,290
Proceeds from sales of available-for-sale debt securities
94,000	485,000	406,500	395,700	232,800	58,000	16,800	27,400	968,000	182,800	332,100	210,300	218,800	197,000	319,300	379,600	286,200	235,700	175,000	281,400	169,500	709,000	414,100	283,200	1,221,400	306,800	272,900	255,700	331,800	269,000	225,500	168,300	231,400	230,264	365,678	491,957	193,301	97,112	85,898	130,376	224,514	83,103	92,456	47,419	62,401
Proceeds from maturities and redemptions of available-for-sale debt investments
354,000	232,200	504,100	327,700	578,300	463,600	156,700	74,500	215,400	220,300	170,900	166,100	184,300	109,900	79,600	73,200	79,600	122,400	81,500	58,600	57,300	-1,400	104,800	154,900	79,300	47,000	103,800	129,800	54,000	128,000	60,100	148,800	222,800	199,250	208,150	111,740	126,260	342,136	187,101	321,403	235,960	136,110	125,275	120,200	16,850
Purchases of trading investments
-	-	-	-	-	-	-	-	-	-	-	-	-1,800	-	-1,100	-700	-2,500	-600	-1,300	-600	-1,900	-600	-1,100	-600	-1,800	-600	-5,200	600	1,500	-7,900	600	500	2,700	625	1,448	632	2,495	462	648	445	1,245	-	-	-	0
Purchases of equity securities
3,100	96,900	800	4,300	5,100	9,400	1,800	4,300	2,000	1,200	1,400	12,300	0	8,100	6,600	0	10,500	0	2,200	0	3,200	9,400	7,300	3,300	1,700	20,900	6,000	7,100	7,300	1,100	5,000	5,000	1,100	1,155	25,643	2,930	5,972	3,412	4,561	-4,046	4,773	916	4,098	2,204	-1,013
Proceeds from sales of equity securities
3,100	9,200	900	1,900	2,200	7,100	300	26,200	3,300	11,100	1,300	0	0	-	-	-	-	-	-	-	-	2,400	0	0	2,500	1,000	6,700	100	1,600	3,800	12,900	19,800	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments for business acquisitions, net of cash and cash equivalents acquired
-	-	-	-	-	-	-	-	-	0	27,000	0	0	-	-	-	-	-	-	-	-	0	0	0	27,100	0	0	0	10,000	48,900	0	0	90,500	-401	28	2,500	28,573	241,467	69,118	64,215	0	-	-	-	-
Subsequent payments related to acquisitions in prior years
200	7,300	0	0	0	11,200	0	9,300	22,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	400	-20,000	-100	-24,900	1,200	0	0	0	-	-	-	-	56	-92	1,236	0	-32	136	10,746	1,550	0	10,001	1,275	0
Net cash provided by (used in) investing activities
168,900	175,900	-147,200	-452,800	-104,100	-165,200	-353,300	-28,900	1,112,200	-224,900	-79,600	11,200	-9,700	-108,700	-181,900	-69,200	-57,200	-33,400	-106,000	-142,700	-221,300	283,200	95,200	-857,400	913,000	-139,300	-120,900	-15,700	-285,100	-227,800	-274,100	-400	-93,300	-53,704	-123,064	-321,208	-209,224	-65,570	-285,294	-149,219	-32,617	-118,293	-183,538	-583,217	-63,252
Cash flows from financing activities:
Repurchase and retirement of common stock
203,200	200,000	51,100	300,900	2,900	1,100	1,300	0	754,200	330,300	140,200	125,600	129,700	700	113,800	126,700	83,400	96,000	52,100	602,300	402,400	501,500	853,900	1,300	905,800	245,700	92,900	106,700	132,500	250,500	250,000	94,000	56,100	10	193,419	150,000	205,171	176,702	135,026	177,447	76,225	212,407	72,111	49,524	119,846
Proceeds from issuance of common stock
27,100	200	25,700	200	29,500	100	27,300	200	29,300	100	28,900	1,800	33,700	2,600	27,500	200	32,000	24,200	34,000	31,200	31,800	2,200	36,400	20,000	101,200	18,000	49,400	9,300	65,000	10,900	38,400	12,000	37,800	5,837	37,189	39,761	264,113	193,307	81,031	57,742	118,920	32,816	80,713	28,050	22,628
Excess tax benefits from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,100	2,600	1,700	600	800	1,300	6,700	400	200	200	1,100	0	400	2,500	4,300	476	1,193	4,290	39,041	15,568	4,645	7,767	20,520	4,183	6,524	-10,307	3,110
Payment of dividends
65,500	63,700	64,700	65,500	66,200	62,300	62,100	62,800	62,100	36,900	37,700	37,800	38,000	38,100	38,000	38,100	38,300	38,300	38,500	38,700	40,800	42,200	43,800	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in customer financing arrangement
-	-	-	-	-	0	-600	300	-16,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of debt
0	0	600,000	0	350,000	0	0	0	0	-	-	-	-	0	0	0	300,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of equity forward contract
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	300,000	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of debt, net
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	494,000	0	0	0	594,600	0	0	0	346,500	0	0	0	0	-	-	-	-	44	0	0	991,556	0	0	0	0	-	-	-	-
Other
-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	8,200	100	-7,300	8,000	-7,900	9,400	34,700	-2,300	13,600	-24,300	400	7,700	-8,284	-22,680	2,533	12,531	13,406	4,061	-23,049	2,082	15,829	8,905	15,485	-20,606
Payment under lease obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	800	0	-400	-	0	0	400	0	0	0	1,400	0	0	1,400	0	-	-	-	-	-	-	-	-	-	-	-	-
Return of capital to noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	1,000	2,000	-	-	-	0
Net cash used in financing activities
-241,600	-263,500	-209,500	-366,200	-389,600	-64,500	-37,700	-62,800	-803,600	-350,200	-149,000	-161,600	-134,000	-36,200	-123,400	-181,000	104,300	-117,500	-54,300	-607,200	185,300	-532,700	-560,400	12,700	-743,800	-235,200	-33,900	-62,500	-70,100	-226,000	-235,500	-80,500	-6,300	-1,937	-177,717	-103,416	1,102,070	45,579	-45,289	-135,987	63,297	-155,179	24,031	-16,296	-114,714
Effect of foreign currency exchange rates on cash, cash equivalents, and restricted cash
-16,200	2,400	-5,700	500	1,600	300	-5,500	-11,600	6,200	3,700	3,900	2,200	7,200	-14,200	-6,500	1,100	5,600	-5,700	-9,500	6,200	-12,100	-11,700	-9,000	1,500	1,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash, cash equivalents, and restricted cash
183,300	10,500	-177,400	-729,700	-332,700	-17,000	-189,200	67,000	585,900	-358,800	-23,300	150,500	410,100	191,200	-67,900	110,900	225,100	-32,600	123,200	-480,500	171,200	23,700	-543,900	-419,600	295,400	12,500	21,600	206,200	-364,100	-300,100	-336,400	131,200	2,700	187,938	-115,617	-106,317	1,132,496	351,009	-199,172	-63,863	119,226	-13,867	64,439	-450,832	-14,101