Kulicke & soffa industries inc (KLIC)
CashFlow / Yearly
Sep'19Sep'18Sep'17Sep'16Sep'15Sep'14Sep'13Sep'12Sep'11Sep'10Sep'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss) Attributable to Parent

11,653

56,676

126,099

48,455

51,912

62,988

59,358

160,580

127,610

142,142

-41,601

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

20,304

19,015

16,257

16,230

18,972

13,520

18,489

17,265

17,761

17,531

21,225

Impairment charges

0

0

35,207

0

0

-

-

206

3,002

0

-

Less: Income from discontinued operations

-

-

-

-

-

-

-

-

-

-

22,011

Income (loss) from continuing operations

-

-

-

-

-

-

-

-

-

-

-63,612

Amortization of debt discount and debt issuance costs

-

-

-

-

-

-

-

5,174

7,315

6,976

6,593

Equity-based compensation and employee benefits

14,332

11,685

11,722

5,730

11,989

11,336

10,670

8,511

7,496

8,949

2,198

(Excess tax benefits) / Reversal of excess tax benefits from stock based compensation

0

50

-4,392

197

540

-825

825

1,537

0

0

-

Adjustment for doubtful accounts

212

383

-136

-115

478

320

371

-1,239

1,219

32

291

Adjustment for inventory valuation

2,657

4,897

10,925

6,676

3,978

3,060

3,561

6,060

6,701

1,519

8,154

Deferred income taxes

8,825

22,519

-16,758

-15,459

-16,671

4,494

5,901

3,964

19,773

-4,735

-6,806

Switzerland pension plan curtailment gain

-

-

-

-

-

84

2,100

1,690

0

0

-

Loss on disposal of property, plant and equipment

-20

676

999

55

71

-90

147

0

0

-

-

Asset retirement obligation

-

-

-

-

-

-

-368

0

0

-

-

Unrealized foreign currency translation

3,325

2,002

-1,362

-1,318

6,631

1,122

-620

-

-

-

-

Income (Loss) from Equity Method Investments

-124

-129

190

0

0

-

-

-

-

-

-

Changes in operating assets and liabilities:
Impairment of goodwill

-

-

-

-

-

-

-

-

-

-

2,709

Gain on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

3,965

Switzerland pension plan curtailment

-

-

-

-

-

-

-

-

-

-

-1,446

Accounts and other receivable

-47,395

45,154

67,879

22,139

-72,304

9,294

-26,408

49,111

-55,313

101,098

16,566

Inventories

-24,105

-1,631

47,425

16,340

14,471

14,618

-17,056

-8,144

6,122

34,065

-2,333

Prepaid expenses and other current assets

490

-9,405

8,468

-1,599

-493

-8,866

2,421

46

5,621

4,654

-7,979

Accounts payable, accrued expenses and other current liabilities

-53,759

-30,868

63,425

32,692

-34,106

-1,269

-36,066

33,550

-43,449

54,080

13,996

Income tax payable

-7,758

77,968

3,946

10,492

-1,968

1,030

-6,832

-6,071

13,063

-322

-25,633

Other, net

-1,672

2,059

-4,830

480

-2,207

-2,318

-1,149

-209

1,804

-1,283

-1,144

Net cash provided by operating activities

-

-

-

-

-

-

-

183,969

202,257

87,638

-51,406

Net cash used in discontinued operations

-

-

-

-

-

-

-

-1,498

-1,861

-1,839

-2,116

Net cash provided by operating activities

65,967

123,499

136,310

68,407

87,875

82,460

94,824

182,471

200,396

85,799

-53,522

CASH FLOWS FROM INVESTING ACTIVITIES:
Sales of investments classified as available-for-sale

-

-

-

-

-

-

-

-6,364

3,655

-2,985

8,536

Acquisition of business, net of cash acquired

0

0

27,119

0

93,153

0

0

14,848

0

0

87,039

Purchases of property, plant and equipment

11,742

20,496

25,590

6,218

10,269

10,138

17,172

6,902

7,688

-6,271

5,263

Proceeds from sales of property, plant and equipment

210

625

1,352

1,053

180

44

5,310

0

0

4,621

-

Purchase of equity investments

5,000

0

1,312

0

0

-

-

-

-

-

-

Purchase of short-term investments

619,000

684,000

305,000

124,000

1,630

18,236

3,252

0

0

-

-

Maturity of short-term investments

683,000

607,000

213,000

0

10,763

12,356

0

0

-

-

-

Purchase of investments classified as available-for-sale

-

-

-

-

-

-

-

-

-

-

2,406

Changes in Restricted Cash

-

-

-

-

0

-

-

-

-237

44

-34,719

Net cash used in continuing operations

-

-

-

-

-

-

-

-

-

-4,591

-51,453

Net cash used in discontinued operations

-

-

-

-

-

-

-

-

-

-1,838

149,857

Net cash (used in)/provided by investing activities

47,468

-96,871

-144,669

-129,165

-94,109

-15,974

-15,114

-15,386

-11,106

-6,429

98,404

CASH FLOWS FROM FINANCING ACTIVITIES:
Payment on debts

-30,773

-704

-604

-542

-10,815

0

0

-110,000

0

-

-

Proceeds from Stock Options Exercised

14

55

509

410

694

1,080

908

3,325

9,296

2,872

223

Repurchase of common stock

99,897

90,310

18,197

14,551

75,715

419

0

0

-

-

-

Payments on borrowings

-

-

-

-

-

-

-

-

-

48,964

84,358

Net proceeds from sale of common stock

-

-

-

-

-

-

-

-

-

-29

38,696

(Reversal of excess tax benefits) / Excess tax benefits from stock based compensation

0

0

-4,392

197

540

-825

825

1,537

0

0

-

Proceeds from short term debt

90,904

0

0

-

837

0

0

-

-

-

-

Common stock cash dividends paid

31,566

8,176

0

0

-

-

-

-

-

-

-

Net cash provided by/(used in) financing activities

-71,318

-99,135

-22,684

-14,486

-84,459

-164

1,733

-105,138

9,296

-46,121

-45,439

Effect of exchange rate changes on cash, cash equivalents and restricted cash

919

715

76

537

1,326

-129

101

109

1,490

303

185

Changes in cash, cash equivalents and restricted cash

43,036

-71,792

-30,967

-74,707

-89,367

66,193

81,544

62,056

200,076

33,552

-372

CASH PAID FOR:
Interest Paid, Excluding Capitalized Interest, Operating Activities

1,634

1,054

1,059

-

-

-

-

-

-

-

-

Interest

-

-

-

1,107

1,183

1,048

0

633

963

1,452

1,708

Income taxes, net of refunds

22,073

13,179

8,283

10,020

5,192

4,603

8,382

10,854

11,466

3,119

11,032