Mks instruments, inc. (MKSI)
CashFlow / TTM
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'10Sep'10Jun'10Mar'10
Cash flows provided by operating activities:
Net income

196,986

140,386

169,258

215,107

300,275

392,896

398,898

381,615

379,193

339,132

306,981

263,536

152,306

104,809

84,844

82,064

106,074

122,297

130,967

130,315

118,319

115,778

101,823

75,164

61,260

35,776

19,648

19,770

31,022

48,029

66,634

94,427

114,456

129,731

142,966

151,229

151,405

142,587

0

0

0

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

113,234

110,034

99,810

92,131

84,561

79,853

79,912

80,512

81,215

82,556

84,719

86,639

82,481

65,926

49,254

32,729

21,849

22,103

22,363

22,631

21,896

20,514

19,144

17,597

17,160

17,102

0

0

0

-

-

-

12,946

12,980

12,845

13,160

13,170

13,823

0

0

0

Amortization of inventory step-up adjustment to fair value

-

7,624

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt issuance costs, original issue discount, and soft call premium

6,974

7,074

7,488

4,784

3,899

4,718

8,098

9,844

10,003

10,699

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

29,894

49,194

47,397

45,237

44,636

27,262

26,549

26,181

26,022

24,378

25,236

25,549

29,858

25,228

22,814

20,903

13,953

13,013

12,589

12,095

11,329

11,315

11,234

11,181

13,392

13,992

14,640

14,761

13,529

13,031

12,528

12,256

11,433

11,225

12,487

12,342

11,559

10,604

0

0

0

Provision for excess and obsolete inventory

25,834

24,734

25,348

24,085

22,091

22,324

20,439

19,503

20,515

20,213

20,343

20,304

18,122

16,039

15,412

14,004

13,867

13,602

12,659

12,934

12,201

12,131

13,824

19,831

21,123

21,671

18,986

14,023

13,926

15,028

16,529

16,776

16,054

14,857

15,350

14,762

14,371

13,230

0

0

0

Provision for doubtful accounts

-128

-728

802

148

700

1,435

1,034

910

844

825

1,592

1,535

1,408

1,109

270

-65

-66

-255

0

0

0

-

-

-

-244

631

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-1,215

-4,215

-24,930

-23,183

-21,083

-19,388

-14,997

-11,459

-3,727

-4,831

-22,614

-32,405

-40,978

-38,822

-7,004

1,449

21

410

2,637

4,210

9,974

5,264

-6,238

-4,538

-8,291

-3,089

4,383

4,485

4,015

3,819

7,524

7,243

5,588

7,549

1,466

10,302

12,584

10,097

0

0

0

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

1,468

698

487

613

904

915

968

782

447

526

469

925

935

932

924

1,647

2,105

2,054

2,115

963

5,338

5,564

6,690

7,064

2,112

0

0

0

Asset impairments

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

0

-

-

-

-

-2,649

-523

-488

-773

-824

-963

-980

-273

-256

-152

-144

-342

-275

-363

-318

-281

-139

-51

-240

-92

-200

396

461

524

-41

-225

-305

-939

-118

-563

-461

1,646

560

0

0

0

Changes in operating assets and liabilities, net of business acquired:
Trade accounts receivable

46,593

93

-31,863

-69,128

-40,790

546

40,713

70,687

66,198

44,077

40,092

38,138

63,242

58,111

30,750

14,753

-11,280

-2,334

14,573

28,526

10,143

-6,103

9,199

3,966

28,589

36,153

13,406

-7,359

-40,157

-38,288

-38,404

-43,460

-22,544

-17,923

-31,345

-4,501

18,528

42,540

0

0

0

Inventories

39,289

29,289

19,133

45,071

55,902

73,779

101,661

97,944

88,934

72,471

59,972

51,722

24,668

13,798

-5,641

-7,838

2,528

14,501

33,832

29,756

28,504

23,089

26,324

30,667

36,852

29,797

11,715

4,549

-4,416

-5,341

-2,266

-139

5,135

11,697

22,909

37,067

47,544

52,467

0

0

0

Income taxes

-7,674

-12,374

1,684

-3,955

-23,952

-11,430

-16,715

-20,529

13,560

12,805

26,142

46,412

36,665

30,914

1,495

-8,446

-8,180

-8,462

2,582

-8,105

-25,248

-32,744

-4,311

9,851

22,232

24,441

46

-3,816

-2,731

-3,126

-7,925

-8,665

3,168

-5,345

-20,398

-18,912

-24,387

-22,796

0

0

0

Other assets

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-1,427

-1,627

-2,013

-1,355

0

0

0

-

-

-

3,107

7,674

7,767

8,893

607

-296

0

0

0

Other current and non-current assets

-

-

-

-

-

1,639

16,569

10,169

7,374

8,631

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued compensation

0

-

0

0

0

-

0

0

16,757

-

17,563

10,413

1,265

10,965

4,176

6,165

1,179

3,335

4,135

3,660

-11,621

-13,563

-7,051

-5,941

9,076

13,677

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

-824

-8,424

-9,866

-14,133

-14,092

-3,948

4,447

22,972

27,492

18,030

21,630

9,644

-2,955

3,681

-2,786

-10,652

2,186

-2,797

-1,878

5,813

3,692

3,469

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Accrued compensation and other liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,842

-890

7,564

2,904

0

0

0

-

-

-

-

Accrued expenses and other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Accounts payable

15,848

-24,152

-21,584

-28,247

-24,598

2,023

3,949

14,149

19,917

11,405

9,141

11,583

12,217

16,180

11,023

-3,146

-9,444

-10,629

-3,852

8,034

2,765

-5,478

3,536

1,953

14,004

23,172

10,937

765

-1,480

-8,281

-6,434

-10,114

-12,209

-11,646

-14,974

-5,636

-1,228

11,220

0

0

0

Other non-current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

290,309

244,509

302,720

338,018

370,125

413,781

359,109

362,116

361,921

355,222

327,157

303,801

222,974

180,098

170,102

131,869

141,871

138,295

129,784

132,296

111,616

101,914

102,005

98,255

83,527

76,087

65,101

60,818

112,197

137,167

165,240

179,307

156,701

156,036

191,862

183,021

173,521

163,470

0

0

0

Cash flows provided by (used in) investing activities:
Acquisition of business, net of cash acquired

-

988,599

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

9,910

0

0

0

-

-

-

-

2,326

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of investments

232,315

246,315

211,140

222,701

248,045

253,598

244,319

308,791

237,018

229,557

351,395

238,779

228,615

268,458

183,734

220,679

303,807

385,999

371,798

394,101

396,616

360,813

482,433

554,992

590,075

550,076

447,919

462,762

423,229

435,961

478,960

477,779

473,313

475,777

533,383

496,358

440,802

410,551

0

0

0

Proceeds from sale of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,318

0

0

0

Maturities of investments

173,471

142,571

139,754

131,401

150,753

181,749

175,902

162,842

151,266

157,342

129,090

131,895

139,617

160,917

196,887

204,684

218,052

179,285

168,978

183,711

182,941

249,359

375,720

415,765

438,044

417,566

405,427

345,021

291,970

313,298

0

0

0

-

-

-

-

-

-

-

-

Sales of investments

41,115

166,915

302,089

301,889

353,112

207,542

77,861

91,608

41,315

53,564

44,975

28,039

231,925

338,996

363,531

369,706

172,495

61,659

38,895

58,423

177,652

185,186

202,359

218,677

133,505

110,928

10,211

-27,639

32,989

46,559

0

0

0

-

-

-

-

-

-

-

-

Proceeds from sale of assets

-

42,079

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Maturities and sales of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Purchases of property, plant and equipment

59,404

63,904

70,809

69,377

68,051

62,941

50,315

43,366

36,578

31,287

25,021

21,598

21,066

19,123

15,542

14,344

12,066

12,414

12,652

11,262

12,589

13,183

12,618

13,305

12,152

12,410

15,819

16,053

16,494

17,705

16,916

17,314

17,803

15,567

14,080

15,457

14,876

15,819

0

0

0

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,519

-1,593

104

22

267

216

1,163

1,484

1,175

1,451

322

301

556

441

3,056

2,379

3,872

3,651

0

0

0

Net cash provided by (used in) investing activities

-35,153

-947,253

-787,491

-847,352

-800,731

72,752

-40,805

-97,641

-8,440

22,637

-129,609

-27,661

-817,457

-726,986

-578,409

-600,216

74,634

-167,371

-186,447

-171,681

-143,910

-24,808

-2,518

-21,095

-31,308

-36,534

-49,811

-187,582

-140,509

-117,867

-58,265

43,393

-37,065

-6,078

-108,524

-118,606

-66,559

-105,623

0

0

0

Net proceeds from borrowings

15,707

642,207

649,225

671,619

694,362

67,669

76,017

56,903

39,722

28,551

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on borrowings

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net payments related to employee stock awards

-22,410

-11,010

-9,191

-9,064

-11,183

-11,104

-11,138

-11,855

-18,243

-12,216

-13,533

-12,414

-2,229

-1,922

-1,046

-535

780

1,262

1,235

1,357

-375

2,492

2,457

1,973

1,549

-464

-70

226

294

1,564

1,389

2,796

5,893

28,546

31,442

28,921

26,603

6,524

0

0

0

Proceeds from short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

6

6

6

2,896

17,358

31,294

41,710

41,802

35,166

60,818

82,743

119,209

0

0

0

Payments of short-term borrowings

-

-

-

-

-

67,163

74,299

48,509

38,587

29,711

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,348

18,777

31,895

42,854

39,915

43,130

73,344

91,617

132,872

0

0

0

Payments of long-term borrowings

-

-

-

-

-

50,003

100,002

225,000

226,571

228,141

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchases of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

1,545

0

0

0

-

-

-

-

20,809

20,809

20,809

2,152

2,875

7,350

9,416

9,448

11,501

0

0

0

-

-

-

-

-

-

-

-

Dividend payments

43,728

43,528

43,418

43,378

43,397

42,405

41,383

40,025

38,567

38,178

37,515

37,123

36,724

36,361

36,290

36,242

36,241

35,969

35,698

35,393

35,082

34,851

34,598

34,350

34,080

33,975

33,883

33,831

33,257

32,686

32,136

31,551

31,487

31,373

0

0

0

-

-

-

-

Excess tax benefit from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

1,468

698

487

613

904

915

968

782

447

526

469

925

935

932

924

1,647

2,105

2,054

2,115

963

5,338

5,564

6,690

7,064

2,112

0

0

0

Net cash (used in) provided by financing activities

-223,922

476,178

479,521

451,519

507,690

-178,006

-225,805

-268,486

-282,246

-279,695

-262,928

-200,518

508,530

560,120

590,279

649,924

-49,687

-47,097

-42,414

-37,387

-53,015

-52,721

-52,424

-52,739

-36,058

-37,149

-45,533

-47,444

-45,705

-46,970

-38,670

-34,208

-31,503

2,391

5,069

7,457

22,216

-5,027

0

0

0

Effect of exchange rate changes on cash and cash equivalents

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-

1,931

1,257

3,330

8,467

1,813

4,600

-1,785

-10,716

-6,896

-10,245

-5,621

-1,676

-1,690

-1,232

-7,698

-9,068

-7,850

-6,385

2,644

4,221

-1,090

53

716

-4,948

2,342

552

-5,814

-1,667

-1,909

-2,287

3,144

1,724

-1,353

0

0

0

Increase (decrease) in cash and cash equivalents

23,927

-229,773

-13,569

-60,496

77,157

310,458

93,756

-681

79,702

99,977

-60,780

73,837

-96,669

6,336

171,727

175,956

165,142

-77,863

-100,309

-84,470

-94,377

16,535

40,678

27,065

20,382

1,314

-30,190

-173,492

-78,965

-25,328

68,857

182,678

86,466

150,440

86,120

75,016

130,902

51,467

0

0

0

Supplemental disclosure of cash flow information: