Kulicke & soffa industries inc (KLIC)
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'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss) Attributable to Parent

11,888

13,477

6,404

1,287

-3,555

7,517

29,635

60,256

36,313

-69,528

41,224

34,809

32,670

17,396

11,672

31,785

5,089

-91

11,100

25,039

7,931

7,842

29,259

26,616

9,070

-1,957

29,531

18,887

7,336

3,604

67,282

68,174

16,617

8,507

1,912

70,714

39,885

15,099

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

4,769

4,759

5,303

4,995

5,237

4,769

4,852

4,951

4,744

4,468

4,518

3,964

3,831

3,944

4,009

4,019

4,151

4,051

4,994

5,415

5,007

3,556

3,525

3,509

3,494

2,992

4,187

4,798

4,702

4,802

4,615

4,171

4,221

4,258

4,487

4,470

4,397

4,407

Amortization of debt discount and debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,305

1,959

1,910

1,886

1,877

1,780

1,772

Equity-based compensation and employee benefits

3,721

3,609

3,560

3,597

3,302

3,873

3,461

2,893

2,222

3,109

2,252

2,790

3,079

3,601

1,794

1,901

1,973

62

3,453

2,520

2,581

3,435

2,519

2,735

2,686

3,396

2,582

2,596

2,291

3,201

2,121

2,100

2,191

2,099

1,304

2,068

2,558

1,566

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

-

-

-

-

-

-

0

0

0

50

-3,650

0

-742

0

-343

0

177

363

540

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustment for doubtful accounts

-112

17

597

0

-16

-369

-292

-3

330

348

-2

57

-138

-53

18

122

-255

0

621

-435

149

143

585

-80

-414

229

482

-37

-164

90

-2,248

382

482

145

1,491

-163

-391

282

Adjustment for inventory valuation

1,116

1,060

598

895

975

189

1,478

597

1,470

1,352

5,315

2,165

2,387

1,058

2,677

633

2,009

1,357

2,330

1,067

412

169

951

215

989

905

3,766

-1,261

-1,021

2,077

3,492

1,386

-158

1,340

2,344

2,145

887

1,325

Deferred income taxes

115

966

6,375

3,115

-17

-648

1,039

-1,343

1,841

20,982

-6,676

-14,954

4,067

805

-14,141

2,753

-2,082

-1,989

-10,764

-7,673

1,415

351

5,046

-695

259

-116

5,711

-574

108

656

4,757

-1,043

43

207

10,035

7,022

291

2,425

Switzerland pension plan curtailment gain

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-130

0

0

1,820

-

-

-

-

Loss on disposal of property, plant and equipment

-808

0

-39

23

20

-24

255

-4

446

-21

-37

-14

1,094

-44

-1

-1

20

37

71

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized foreign currency translation

629

-1,471

3,442

153

-303

33

2,608

5,440

-4,140

-1,906

-3,211

-2,940

-2,231

7,020

-152

128

-2,804

1,510

4,461

197

404

1,569

1,174

-211

-36

195

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Equity Method Investments

-40

-60

-52

0

-29

-43

15

-121

-39

16

197

-7

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts and other receivable

860

2,961

45,301

12,202

-48,401

-56,497

-13,795

32,621

50,718

-24,390

-15,740

44,525

51,611

-12,517

-41,427

11,135

52,438

-7

-63,557

22,720

17,835

-49,302

17,893

56,903

-16,257

-49,245

16,320

28,185

18,982

-89,895

9,023

43,905

24,589

-28,406

-74,783

51,915

1,675

-34,120

Inventories

12,039

6,974

-8,145

-4,539

-6,020

-5,401

-6,772

5,298

13,726

-13,883

982

28,887

19,895

-2,339

914

10,592

12,911

-8,077

3,410

2,900

5,258

2,903

-3,275

10,519

8,346

-972

-6,187

1,389

-9,641

-2,617

-2,900

3,286

3,466

-11,996

-10,860

5,575

9,175

2,232

Prepaid expenses and other current assets

7,975

746

-10,133

11,858

-380

-855

-6,703

-2,542

1,099

-1,259

-1,268

8,595

2,246

-1,105

-2,563

1,382

-835

417

573

1,342

1,601

-4,009

-4,751

1,436

1,646

-7,197

2,461

2,969

2,548

-5,557

-1,352

316

2,707

-1,625

5,520

3,803

-995

-2,707

Accounts payable, accrued expenses and other current liabilities

21,658

7,987

-5,611

6,702

-21,907

-32,943

-28,975

7,900

27,346

-37,139

-9,925

38,019

40,332

-5,001

-21,136

20,470

33,981

-623

-27,365

1,046

10,385

-18,172

-31,562

37,743

18,569

-26,019

-4,770

24,044

-1,277

-54,063

-6,799

35,486

29,609

-24,746

-69,306

25,256

41,350

-40,749

Income tax payable

-6,974

1,016

-4,103

-2,314

-11,224

9,883

-6,137

4,197

-5,431

85,339

6,585

1,182

-3,977

156

5,869

-3,235

8,938

-1,080

1,793

-1,303

-2,627

169

-1,536

2,303

-242

505

-1,378

-2,844

-1,234

-1,376

-8,188

2,692

-1,372

797

14,324

-1,342

-2,555

2,636

Other, net

1,471

-1,287

-37

-1,266

574

-943

-203

1,986

285

-9

-2,126

-995

-2,551

842

385

-225

570

-250

1,135

-1,269

-1,963

-110

-565

-1,379

-279

-95

-1,800

1,718

367

-1,434

-467

445

-587

400

1,432

454

1,870

-1,952

Net cash provided by operating activities

-

-

-

-

-

-

-

36,770

6,740

50,333

-

25,188

12,929

30,049

-

35,437

-8,673

7,694

-

-214

2,118

46,442

-

5,919

41,021

37,249

-

11,348

-1,662

58,494

59,321

66,701

23,623

34,324

50,170

50,300

76,477

25,310

Net cash used in discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-29

-424

-559

-486

-314

-579

-444

-524

Net cash provided by operating activities

14,055

25,028

-

-

27,334

56,001

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

59,292

66,277

23,064

33,838

49,856

49,721

76,033

24,786

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-6,364

176

194

105

3,180

Acquisition of business, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

14,848

-

-

-

-

Purchases of property, plant and equipment

2,466

2,225

2,077

3,354

3,038

3,273

4,344

4,452

6,517

5,183

3,538

4,613

14,763

2,676

1,526

1,847

1,118

1,727

3,370

1,996

2,357

2,546

844

1,877

1,988

5,429

11,215

2,554

1,787

1,616

1,757

2,264

1,383

1,498

1,873

1,226

1,884

2,705

Proceeds from sales of property, plant and equipment

-

-

-

-

-

-

0

381

244

-

0

0

1,335

17

0

0

938

115

180

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of equity investments

0

1,288

0

0

5,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of short-term investments

149,000

20,000

130,000

149,000

109,000

231,000

197,000

162,000

192,000

133,000

135,000

31,000

139,000

0

-

-

-

-

0

0

0

1,630

9,063

0

5,873

3,300

-

-

-

-

-

-

-

-

-

-

-

-

Maturity of short-term investments

20,000

130,000

149,000

109,000

256,000

169,000

162,000

192,000

163,000

90,000

29,000

60,000

124,000

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in Restricted Cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,900

-

-

-

0

0

0

0

-237

Net cash (used in)/provided by investing activities

-131,466

106,487

17,094

-43,315

138,962

-65,273

-39,344

25,929

-35,273

-48,183

-136,657

24,387

-29,740

-2,659

-125,526

-1,847

-180

-1,612

-3,190

-362

-86,381

-4,176

-7,302

4,657

-4,600

-8,729

-14,467

-2,554

6,423

-4,516

-1,757

-2,264

-1,383

-9,982

-2,049

-1,420

-1,989

-5,648

CASH FLOWS FROM FINANCING ACTIVITIES:
Payment on debts

0

0

-31,347

196

195

183

-1,230

180

180

166

-1,048

154

148

142

-941

140

134

125

-21,508

961

9,651

81

0

-109

-100

209

-

-

0

0

-

-

-

-

-

-

-

-

Payment for finance lease

18

10

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Stock Options Exercised

-

-

-

-

-

-

0

0

0

55

106

14

105

284

195

38

0

177

0

166

430

98

50

442

121

467

40

328

381

159

297

485

967

1,576

460

4,805

3,906

125

Repurchase of common stock

19,875

5,319

14,428

32,863

26,930

25,676

24,976

41,384

20,670

3,280

18,175

22

0

0

0

0

1,711

12,840

15,040

50,450

2,587

7,638

419

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Common stock cash dividends paid

7,600

7,600

-

7,788

8,055

8,057

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-343

0

177

363

540

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from short term debt

39,650

15,063

19,710

61,190

10,004

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by/(used in) financing activities

12,106

2,152

-32,567

20,341

-25,176

-33,916

-33,330

-41,564

-20,850

-3,391

-21,879

-162

-785

142

-291

-102

-1,668

-12,425

-14,622

-51,245

-10,971

-7,621

-369

-274

221

258

865

328

381

159

1,834

-109,515

967

1,576

460

4,805

3,906

125

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

238

-477

859

-197

275

-18

966

1,379

-1,120

-510

-597

-687

-627

1,987

-353

647

-421

664

972

600

-210

-36

-76

45

-130

32

253

752

-693

-211

178

60

-270

141

640

499

175

176

Changes in cash, cash equivalents and restricted cash

-105,067

133,190

-31,828

-23,325

141,395

-43,206

-42,052

22,514

-50,503

-1,751

-90,989

48,726

-18,223

29,519

-92,221

34,135

-10,942

-5,679

22,689

-51,221

-95,444

34,609

-9,476

10,347

36,512

28,810

13,295

9,874

4,449

53,926

59,547

-45,442

22,378

25,573

48,907

53,605

78,125

19,439

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

21

5

-

-

254

251

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest

-

-

-

-

-

-

-

263

270

266

-

264

261

262

268

290

276

273

273

319

288

303

468

164

297

119

0

-1

1

0

0

150

2

481

0

482

0

481

Income taxes, net of refunds

8,781

206

700

4,684

15,899

790

3,679

-1,228

8,429

2,299

266

2,563

3,860

1,594

982

6,458

707

1,873

1,186

1,597

1,453

956

333

2,560

820

890

322

3,493

3,463

1,104

2,976

5,972

461

1,445

3,436

3,742

3,654

634