KEYSIGHT TECHNOLOGIES, INC. KEYS Cash Flow

Keysight technologies, inc. (KEYS)

CashFlow / Quarterly

Jan'20	Oct'19	Jul'19	Apr'19	Jan'19	Oct'18	Jul'18	Apr'18	Jan'18	Oct'17	Jul'17	Apr'17	Jan'17	Oct'16	Jul'16	Apr'16	Jan'16	Oct'15	Jul'15	Apr'15	Jan'15	Oct'14	Jul'14	Apr'14	Jan'14
Proceeds from sale of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,000	-	0	0	0
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
163,000	195,000	159,000	153,000	114,000	-114,000	121,000	64,000	94,000	-38,000	-18,000	49,000	109,000	92,000	91,000	88,000	64,000	277,000	70,000	96,000	70,000	101,000	107,000	110,000	74,000
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation
24,000	24,000	24,000	24,000	24,000	25,000	25,000	27,000	26,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization
56,000	55,000	54,000	51,000	52,000	52,000	51,000	52,000	52,000	50,000	10,000	41,000	32,000	-52,000	34,000	34,000	33,000	30,000	23,000	23,000	23,000	25,000	20,000	20,000	19,000
Share-based compensation
39,000	16,000	16,000	23,000	27,000	11,000	14,000	15,000	19,000	12,000	13,000	13,000	18,000	10,000	10,000	13,000	16,000	6,000	7,000	13,000	29,000	8,000	9,000	9,000	17,000
Excess tax (benefit) deficiency from share-based plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,000	-1,000	1,000	0	1,000	0	3,000	4,000	0	0	0
Deferred tax expense (benefit)
18,000	-16,000	16,000	10,000	-12,000	-562,000	10,000	-2,000	-235,000	-4,000	-30,000	-53,000	40,000	12,000	2,000	-1,000	4,000	-178,000	2,000	14,000	-1,000	-16,000	6,000	6,000	27,000
Excess and obsolete inventory-related charges
7,000	7,000	7,000	6,000	7,000	5,000	9,000	5,000	6,000	4,000	6,000	3,000	3,000	3,000	3,000	3,000	8,000	5,000	6,000	7,000	10,000	7,000	12,000	8,000	6,000
Gain on insurance proceeds received for damage to property, plant and equipment
32,000	0	0	1,000	0	12,000	0	8,000	0	0	0	0	8,000	-20,000	0	0	10,000	0	0	0	0	-	-	-	-
Pension and Other Postretirement Benefits Expense (Reversal of Expense), Noncash
-	-	-	-	-	-	-	-	0	-1,000	0	0	-68,000	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized Gain (Loss) on Investments
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-cash expense (income), net
-1,000	0	2,000	-2,000	4,000	-6,000	-4,000	-3,000	-2,000	-16,000	0	-1,000	0	0	-2,000	0	-2,000	-12,000	-1,000	-2,000	1,000	0	1,000	0	0
Changes in assets and liabilities:
Accounts receivable
3,000	51,000	-53,000	84,000	-56,000	34,000	24,000	130,000	-99,000	25,000	-4,000	30,000	-40,000	26,000	13,000	36,000	-33,000	51,000	-36,000	41,000	-36,000	45,000	-15,000	44,000	-49,000
Inventory
36,000	14,000	25,000	27,000	26,000	18,000	25,000	-2,000	20,000	14,000	-20,000	0	10,000	-1,000	12,000	7,000	4,000	0	8,000	8,000	9,000	-9,000	9,000	13,000	18,000
Accounts payable
-26,000	3,000	9,000	11,000	-10,000	9,000	-7,000	6,000	14,000	32,000	0	-5,000	-12,000	30,000	-11,000	-5,000	-22,000	17,000	0	14,000	-13,000	51,000	-45,000	27,000	-1,000
Payment (to)/from Agilent, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	14,000	14,000	-23,000	0	0	0
Employee compensation and benefits
-63,000	55,000	-60,000	73,000	-68,000	65,000	-25,000	73,000	-50,000	32,000	-33,000	36,000	-36,000	15,000	-10,000	40,000	-29,000	24,000	-25,000	29,000	-22,000	42,000	-17,000	27,000	-22,000
Deferred Revenue
29,000	9,000	18,000	42,000	43,000	10,000	-6,000	10,000	61,000	32,000	28,000	15,000	15,000	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes payable
10,000	-5,000	-3,000	-18,000	10,000	85,000	-29,000	10,000	115,000	-5,000	15,000	8,000	-15,000	-12,000	1,000	0	2,000	1,000	-2,000	-6,000	9,000	-	-	-	-
Retirement and post-retirement benefits
-3,000	-4,000	-10,000	-11,000	-12,000	-11,000	-94,000	-10,000	-12,000	-5,000	-4,000	-3,000	-3,000	6,000	-13,000	-12,000	-13,000	-15,000	-8,000	-4,000	-17,000	-	-	-	-
Other assets and liabilities
-13,000	13,000	-18,000	33,000	-39,000	-8,000	-14,000	6,000	0	38,000	-20,000	42,000	-10,000	32,000	20,000	1,000	-9,000	23,000	-34,000	57,000	5,000	31,000	10,000	10,000	16,000
Net cash provided by operating activities
197,000	263,000	274,000	221,000	240,000	235,000	38,000	111,000	171,000	63,000	101,000	49,000	115,000	143,000	68,000	117,000	92,000	81,000	135,000	68,000	92,000	201,000	87,000	140,000	135,000
Cash flows from investing activities:
Investments in property, plant and equipment
32,000	30,000	30,000	29,000	31,000	34,000	40,000	34,000	24,000	18,000	21,000	17,000	16,000	15,000	14,000	28,000	34,000	26,000	35,000	16,000	15,000	18,000	18,000	23,000	11,000
Insurance proceeds received for damage to property, plant and equipment
32,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Businesses, Net of Cash Acquired
5,000	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of businesses and intangible assets, net of cash acquired
-	-	-	-	-	-	-	-	-	-	20,000	1,622,000	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from divestiture
0	-	0	0	2,000	-	0	12,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of property, plant and equipment
-	-	-	-	-	-	-	-	-	-	0	0	8,000	-	0	0	10,000	-	0	0	0	-	-	-	-
Net cash used in investing activities
-5,000	-27,000	-120,000	-20,000	-29,000	-17,000	-45,000	-22,000	-24,000	-76,000	-4,000	-1,634,000	-8,000	-14,000	-14,000	-38,000	-24,000	-599,000	-42,000	-16,000	-14,000	-30,000	-18,000	-23,000	-11,000
Cash flows from financing activities:
Proceeds from issuance of common stock under employee stock plans
26,000	2,000	26,000	9,000	30,000	2,000	29,000	9,000	24,000	0	30,000	2,000	19,000	1,000	18,000	0	24,000	3,000	15,000	4,000	4,000	0	0	0	0
Payment of taxes related to net share settlement of equity awards
49,000	0	2,000	1,000	23,000	0	2,000	1,000	15,000	0	1,000	0	11,000	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from short-term borrowings
-	-	-	-	-	-	-	0	40,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of acquisition-related contingent consideration
-	-	-	-	-	0	3,000	0	3,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of long-term debt
-	-	-	-	-	-	-	-	-	-	0	1,069,000	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of debt and credit facility
-	-	-	-	-	-	0	-260,000	-40,000	-	-240,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit (deficiency) from share-based plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,000	-1,000	1,000	0	1,000	0	3,000	4,000	0	0	0
Treasury stock repurchases
76,000	29,000	61,000	29,000	40,000	40,000	52,000	28,000	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Contributions from Parent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	124,000
Net Cash used in financing activities
-99,000	-31,000	-37,000	-21,000	-33,000	-39,000	-28,000	-280,000	6,000	-41,000	-211,000	1,669,000	8,000	-4,000	-9,000	-41,000	25,000	3,000	16,000	-45,000	7,000	645,000	-69,000	-117,000	-124,000
Effect of exchange rate movements
0	-1,000	-1,000	-2,000	7,000	-6,000	-7,000	-5,000	9,000	-1,000	4,000	3,000	-2,000	-6,000	-1,000	10,000	-4,000	-2,000	-3,000	0	-8,000	-6,000	0	0	0
Net increase in cash, cash equivalents, and restricted cash
93,000	204,000	116,000	178,000	185,000	173,000	-42,000	-196,000	162,000	-55,000	-110,000	87,000	113,000	119,000	44,000	48,000	89,000	-517,000	106,000	7,000	77,000	810,000	0	0	0
Income Taxes Paid, Net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,000	8,000	14,000	-	-	-	-