Masimo corp (MASI)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Jan'16Sep'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

211,350

196,216

190,229

198,270

197,235

193,543

138,874

117,601

118,886

124,789

358,248

350,168

335,053

311,097

110,426

100,582

89,255

81,500

78,233

76,438

71,694

74,363

61,762

61,114

61,810

55,721

61,377

59,454

62,574

61,938

61,263

62,524

61,665

64,053

66,518

68,388

65,395

73,405

0

0

0

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

24,447

23,487

22,737

21,974

21,346

21,127

21,636

21,393

20,525

20,061

18,846

18,147

17,502

16,817

16,436

16,119

15,958

15,684

14,940

14,402

13,552

12,818

12,443

11,934

11,681

11,421

11,319

10,996

10,392

9,369

8,243

7,475

7,058

7,342

7,437

7,273

7,051

6,584

0

0

0

Stock-based compensation

43,188

39,233

37,367

34,158

29,402

27,417

25,690

23,094

19,630

17,187

14,002

12,441

12,365

12,503

12,386

11,600

10,958

10,825

11,353

11,226

11,298

11,005

10,438

10,492

10,862

11,674

12,084

12,650

13,706

14,097

14,542

13,939

14,047

13,676

13,583

13,559

12,918

12,303

0

0

0

Loss on disposal of property, equipment and intangibles

-341

-357

-457

-410

-585

-949

-743

-789

-807

-522

-600

-622

-650

-658

-663

-757

-702

-608

0

0

0

-

-

-

-689

-765

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Provision for doubtful accounts

547

687

1,518

1,417

1,067

439

-150

88

-203

251

0

0

0

-

-

129

418

342

878

562

402

583

407

597

818

728

768

761

590

231

42

-77

-58

231

163

46

-53

108

0

0

0

Gain on deconsolidation of variable interest entity

-

-

-

-

-

-

-

-

-

-

-

-

-

273

273

273

273

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for obsolete inventory

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

2,050

1,110

746

619

0

0

0

Provision for warranty costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

2,484

2,539

2,435

2,355

0

0

0

Benefit for deferred income taxes

-5,934

-5,965

-1,546

-7,979

-8,305

-8,274

0

0

0

-

-

-

-

10,149

3,028

3,027

723

-1,974

-3,246

-3,246

-3,246

-320

-7,374

-7,374

-5,687

-8,613

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Income tax benefit from exercise of stock options granted prior to January 1, 2006

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

147

301

705

693

674

636

294

338

619

730

955

1,650

0

0

0

-

-

-

0

Excess tax (benefit) deficit from share-based compensation arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-623

-819

-1,113

-1,308

-1,167

-967

-745

-748

-331

-307

98

67

271

259

-874

707

0

0

0

Changes in operating assets and liabilities:
Increase in accounts receivable

32,154

23,580

28,255

21,088

15,481

-10,826

-14,889

-2,531

-691

19,772

25,123

19,599

11,665

21,244

18,250

10,518

24,943

9,900

3,384

-508

-5,170

-4,862

3,605

8,912

7,035

9,576

7,921

2,407

6,706

10,130

8,515

12,270

8,782

7,549

4,360

3,000

5,793

10,905

0

0

0

Decrease in royalties receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

433

1

-4,487

-4,898

0

0

0

-

-

-

0

Decrease in inventories

22,187

21,257

16,037

7,119

1,667

1,885

-1,271

7,324

15,494

24,014

30,217

24,273

16,010

8,955

-6,168

-9,268

-7,267

-7,505

10,883

13,878

14,810

13,434

3,685

2,649

7,056

9,453

9,835

8,033

-1,360

-539

242

-12

5,335

916

4,172

8,954

9,211

14,088

0

0

0

Decrease in other current assets

6,110

8,536

-7,389

1,610

-7,090

-3,843

11,917

-7,021

2,485

5,406

1,000

11,475

8,248

4,816

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase in lease receivable, net

-10,601

-11,958

-9,396

-6,238

-3,104

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Increase) decrease in deferred costs and other contract assets

4,608

-3,308

-1,366

1,403

5,109

17,935

15,327

9,040

12,165

14,102

5,558

18,966

17,103

7,661

10,349

3,631

-1,513

78

4,110

2,272

3,788

6,683

4,074

6,300

9,540

9,594

9,669

5,760

4,269

409

45

-242

-1,266

4,526

16,200

19,716

21,851

19,080

0

0

0

Increase in prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-697

156

1,871

1,874

6,724

4,029

-910

743

0

0

0

(Increase) decrease in prepaid income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,884

-380

-3,316

-4,089

-2,071

320

1,660

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Increase in other non-current assets

162

226

157

200

352

-407

6,750

11,212

11,005

10,771

953

-7,922

-1,954

-455

1,339

4,587

-2,960

2,883

692

4,574

4,071

1,824

7,326

4,058

6,101

756

-1,058

-1,021

-1,183

2,035

2,382

3,297

3,236

1,502

-843

-466

739

1,396

0

0

0

Decrease in accounts payable

8,063

9,934

-102

550

-3,249

5,211

-3,715

-5,375

-3,164

-4,057

5,410

6,243

12,179

11,048

9,946

11,702

-227

-3,619

-3,945

-9,963

-10,309

-1,375

-11,462

-2,196

3,245

1,238

11,784

8,017

569

-2,037

4,575

1,794

10,802

5,159

-3,861

-1,655

-3,157

5,474

0

0

0

Increase (Decrease) in Accounts Payable, Related Parties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in accrued compensation

7,015

5,338

7,301

5,969

1,905

10,195

6,721

4,616

3,722

-4,292

-2,609

-2,067

-779

5,675

5,960

5,668

3,517

5,334

2,331

6,408

1,127

4,948

2,194

-381

966

4,557

6,027

5,200

3,620

4,827

3,755

3,758

3,450

-1,333

-1,175

-1,286

-1,116

3,219

0

0

0

Increase (decrease) in accrued liabilities

5,186

746

-1,383

-819

-1,006

3,923

10,584

3,458

7,569

5,282

-15,430

1,200

-15,369

-16,207

19,300

1,590

11,087

19,202

-4,091

10,007

15,607

1,837

12,525

2,764

-522

6,406

1,446

1,906

3,110

2,939

4,336

3,656

3,406

2,515

-2,548

-1,821

-2,278

-2,281

0

0

0

(Decrease) increase in income tax payable

-3,528

4,079

1,812

1,796

-1,960

-1,208

-500

-1,486

-60,924

-72,087

0

0

0

-

-

-

-

-

-

3,631

4,883

4,173

1,394

-725

-2,004

-381

-600

-578

-2,164

198

-1,757

-1,250

497

-89

1,153

543

-6,906

940

0

0

0

(Decrease) increase in deferred revenue and other contract-related liabilities

4,686

7,739

4,199

3,589

1,416

1,420

1,725

-1,474

-6,871

-13,295

5,972

14,258

18,475

27,945

7,527

4,485

3,536

58

3,219

-2,304

1,219

199

1,558

3,806

1,294

1,467

714

1,632

3,269

2,850

3,496

2,691

-399

-921

-606

-1,085

-1,256

3,012

0

0

0

Increase in other non-current liabilities

1,988

2,038

33

-6,376

-6,878

-7,577

20,206

27,061

26,846

28,013

6,949

3,675

7,307

6,565

-3,243

-370

-4,302

-4,587

91

239

424

227

-561

-1,427

-1,185

-842

-424

-428

-2,297

-2,203

-2,236

-1,137

1,007

1,061

2,153

1,319

1,777

1,729

0

0

0

Net cash provided by operating activities

221,527

221,640

214,638

212,407

210,000

239,527

224,986

199,220

114,159

56,062

338,476

347,175

414,220

419,125

149,503

145,274

116,883

117,206

84,523

85,411

90,513

95,613

73,716

61,525

54,228

55,103

66,375

76,357

76,976

75,123

81,849

75,341

86,025

78,957

61,288

57,952

41,142

61,020

0

0

0

Cash flows from investing activities:
Maturities (purchases) of short-term investments, net

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of short-term investments

-

-

-

-

-

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

75,986

0

0

0

Proceeds from sale and maturities of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

132,975

0

0

0

Purchases of property and equipment, net

98,416

68,375

60,891

55,019

20,301

17,126

18,153

44,602

43,078

43,684

43,840

17,485

18,755

19,707

23,570

36,455

38,521

50,393

48,734

37,640

89,234

75,061

69,365

67,585

10,634

9,428

9,615

9,611

10,443

10,517

9,361

7,776

6,162

5,057

7,127

7,754

8,484

9,561

0

0

0

Increase in intangible assets

4,212

4,117

3,807

3,933

3,014

5,557

5,577

5,148

5,829

3,079

2,895

4,869

4,726

4,644

4,684

2,961

4,215

4,201

4,610

4,591

3,754

3,903

4,167

4,121

4,153

4,374

3,746

4,598

4,246

3,664

3,636

2,823

2,478

2,451

2,275

1,874

2,171

1,937

0

0

0

Business combination, net of cash acquired, and strategic investments

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deconsolidation, Variable Interest Entity, Reduction of Cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-25,067

-197,681

-189,809

-242,421

-206,784

-26,152

-27,277

-50,895

-50,052

-47,908

-47,880

-22,554

-23,681

-25,314

-29,217

-40,179

-43,499

-54,594

-53,344

-42,231

-92,988

-78,964

-73,532

-71,706

-14,787

-13,802

-13,361

-44,458

-44,912

-51,580

-50,396

-17,749

-15,816

-7,508

-9,402

-9,628

65,331

45,491

0

0

0

Cash flows from financing activities:
Proceeds from (Repayments of) Lines of Credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments under revolving line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

230,000

105,000

112,500

75,000

70,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of capital lease obligations

-

-

-

-

-

-

-

-

-

-

0

0

77

-

71

72

147

80

87

93

34

111

125

131

125

132

126

99

98

26

25

46

46

50

54

59

61

60

0

0

0

Proceeds from issuance of common stock

35,095

28,339

25,157

37,840

42,621

44,748

48,793

33,765

43,330

62,205

66,936

66,511

62,028

37,290

29,406

32,104

26,225

28,285

26,935

17,649

7,374

4,680

4,230

4,601

4,744

3,289

2,354

1,946

1,830

1,642

1,409

1,409

3,590

5,943

9,530

9,704

7,513

10,239

0

0

0

Payroll tax withholdings on behalf of employees for vested equity awards

0

-

0

0

0

-

0

0

168

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit (deficit) from share-based compensation arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-623

-819

-1,113

-1,308

-1,167

-967

-745

-748

-331

-307

98

67

271

259

-874

707

0

0

0

Dividends paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

161,978

0

0

0

Repurchases of common stock

37,926

37,555

27,924

27,854

-1

18,478

42,142

84,750

84,751

66,272

42,608

0

20,519

68,218

88,213

136,670

195,697

150,152

133,934

135,001

104,607

102,453

98,676

49,152

7,359

19,790

19,790

19,790

24,333

26,268

0

0

0

-

-

-

-

-

-

-

-

Net equity issuances (repurchases) by noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

346

4

3

7

-38

-38

-38

-42

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

-4,255

-9,339

-3,212

9,541

42,177

25,780

6,483

-51,154

-41,591

-4,138

-128,246

-108,565

-184,189

-216,624

-96,657

-107,416

-69,679

-62,073

-42,773

-15,835

27,204

26,642

29,625

29,461

-3,895

-17,941

-75,506

-75,599

-80,035

-82,089

-61,241

-61,326

-46,838

-30,154

-34,725

-34,568

-37,894

-151,092

0

0

0

Effect of foreign currency exchange rates on cash

1,077

814

-1,750

-382

-2,033

-1,997

-1,073

-203

2,630

3,269

2,043

570

-1,892

-1,451

-1,228

-1,027

470

-2,681

-3,813

-5,040

-6,538

-4,304

-2,538

-261

408

552

1,221

256

698

218

-416

-443

-127

282

624

967

872

832

0

0

0

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

193,282

15,434

19,867

-20,855

43,360

237,158

203,119

96,968

25,146

7,285

164,393

216,626

204,458

175,736

22,401

-3,348

4,175

-2,142

-15,407

22,305

18,191

38,987

27,271

19,019

35,954

23,912

-21,271

-43,444

-47,273

-58,328

-30,204

-4,177

23,244

41,577

17,785

14,723

69,451

-43,749

0

0

0