Macom technology solutions holdings, inc. (MTSI)
CashFlow / Quarterly
Apr'20Jan'20Sep'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'11
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss) Attributable to Parent

-10,226

-28,362

10,516

-324,714

-46,204

-23,396

-16,493

-85,431

-15,484

-22,569

-10,721

-27,676

-130,131

-965

5,102

22,552

-10,649

-15,571

54,406

8,026

-7,537

-6,306

14,537

1,183

-22,122

-8,921

1,740

6,980

3,368

6,108

14,310

13,545

-53,561

22,042

Adjustments to reconcile net loss to net cash provided by operating activities:
Accretion of common stock warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,198

7,447

-1,458

Accretion of Class B conversion liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

57,739

-13,620

Accretion of asset retirement obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-20

-19

-19

Depreciation and intangibles amortization

19,738

20,503

19,806

29,134

27,294

28,184

28,688

29,256

27,565

26,874

27,175

25,726

21,622

18,475

17,979

18,534

18,185

15,893

16,046

13,790

14,596

10,276

8,196

10,471

10,940

5,011

3,634

3,373

4,351

3,464

4,015

2,954

2,940

2,683

Loss on disposal of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-130

-30

-59

-

-

-

-

-64

-60

-25

-3

Share-based compensation

10,276

8,150

3,629

2,814

8,076

9,273

7,842

8,753

5,350

9,992

8,669

9,935

9,548

8,183

7,547

6,181

5,844

7,382

5,654

4,653

5,969

3,159

2,752

3,390

3,290

1,845

1,730

1,420

1,683

1,263

1,573

1,193

463

533

Fair Value Adjustment of Warrants

-8,700

4,100

4,988

-1,888

1,600

-5,500

-2,705

6,729

-17,016

-14,608

-13,959

9,086

2,572

4,823

12,690

-15,338

4,201

14,878

-9,651

-546

5,609

10,608

-1,638

2,782

4,066

-1,282

2,277

-1,060

1,069

2,026

-

-

-

-

Acquired inventory step-up amortization

-

-

-

-

-

-

0

0

0

-

37

12,612

31,373

0

-139

116

2,478

-394

-800

2,296

3,370

667

0

0

17,850

203

-

-

-

-

-

-

-

-

Deferred financing cost amortization

1,016

1,015

1,015

1,015

1,016

1,015

1,015

1,036

1,507

1,029

828

1,122

721

702

503

404

405

405

404

405

403

439

380

2,403

119

119

-

-

-

-

-

-

-

-

Acquisition prepaid compensation amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

608

608

607

2,634

3,039

2,118

3,828

638

-

-

-

-

-

-

-

-

-

-

-

-

Contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-405

-172

-2,945

101

-1,247

169

Amortization of acquired unfavorable lease

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-263

169

-61

Deferred income taxes

-1,835

-487

41,356

-13

-19

-27

8,026

7,929

976

-403

-4,563

-1,485

-87,177

1,054

8,091

-2,724

3,021

1,548

-7,361

-1,690

1,720

-504

-392

14,737

-997

-20

-

-

-

-

-3,713

-100

-5

1,833

Impairment and restructuring related

0

0

699

268,177

1,950

2,746

0

0

9,143

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income (Loss) from Equity Method Investments

-5,317

-3,749

-3,544

5,034

-4,415

-4,556

-3,165

-3,156

-4,085

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in assets held for sale from discontinued operations

-

-

-

-

-

-

378

29

18

6,219

6,111

-6,329

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other adjustments, net

1,506

-477

-201

18

163

214

527

95

-349

1,190

2,115

-4,049

3,752

582

184

601

214

84

784

-145

38

63

-

-

-

-

-

-

-

-

-

-

-

-

Change in operating assets and liabilities:
Accounts receivable

1,226

-18,013

1,706

-19,302

-22,297

12,308

-3,910

-5,777

9,882

-38,874

2,999

1,876

6,391

4,488

16,651

355

-1,206

1,409

6,096

3,648

9,898

-6,553

-970

7,092

801

-9,146

7,742

5,495

-2,700

-2,042

3,895

2,103

6,871

-4,594

Inventories

-7,233

-1,023

-2,666

-9,394

-919

-1,985

549

-7,623

1,223

8,017

12,091

-7,539

-2,041

1,583

-384

11,677

9,588

3,827

1,354

1,912

-1,761

-1,597

3,389

2,264

1,402

2,531

-803

-2,616

-1,119

1,170

4,654

3,246

-2,909

217

Prepaid expenses and other assets

-4,097

-5,675

-2,069

-2,606

3,840

-2,584

6,903

4,431

-7,332

6,583

-22

254

-2,031

673

-745

2,164

385

608

-963

-2,290

1,056

-1,735

-500

-845

-375

2,366

3,773

-24

1,821

-817

-2,130

1,893

492

-35

Accounts payable

3,522

-1,710

-8,332

215

2,802

-6,905

8,440

389

3,007

-14,445

8,167

-2,499

-3,150

931

1,168

637

-2,614

-266

5,703

-2,012

-2,125

-3,424

-54

1,394

-8,899

419

-747

-633

428

-2,690

1,561

2,327

4,589

-2,479

Accrued and other liabilities

-5,805

4,956

-5,650

1,757

1,262

145

4,299

2,163

-1,890

-2,225

2,645

-10,141

-2,133

-5,547

11,142

-2,352

3,584

-1,512

-12,185

-630

-2,923

-6,941

-8,741

1,256

-4,208

4,967

2,993

3,112

-1,703

-65

-1,781

78

-3,478

3,186

Income taxes

-3,356

549

701

-1,332

2,154

257

1,994

-1,143

-753

-3,162

3,552

1,249

1,793

1,021

-4,536

-1,222

-88

-627

-12,457

319

89

-463

1,064

12,700

-11,690

-4,730

2,491

-168

-1,281

2,672

-4,609

-1,692

807

-1,523

Prepaid compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

14,586

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

69

48

-17,039

860

1,499

4,833

379

836

178

46

75

217

-78

-1,345

-3,817

Payment of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

5,328

-

-

-

-

Net cash provided by operating activities

25,280

37,658

-7,577

1,439

23,929

2,909

25,077

60

10,622

534

12,361

27,850

432

20,407

24,885

19,249

19,584

15,514

5,483

26,763

13,952

-12,520

15,812

13,944

-6,622

2,338

-530

10,837

9,554

9,042

4,101

8,121

9,902

8,256

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment

4,788

4,248

6,058

9,305

11,079

11,521

13,601

12,863

12,757

13,823

8,308

8,201

11,353

4,942

7,226

7,138

10,732

6,230

5,764

18,452

11,080

2,956

6,694

4,285

3,827

2,167

5,165

2,103

3,488

1,580

2,168

3,846

5,162

4,503

Proceeds from sales and maturities of short-term investments

12,815

77,211

17,719

68,834

18,413

68,034

14,978

7,569

20,471

57,382

12,135

13,383

10,215

8,822

11,216

17,065

13,749

9,543

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of short-term investments

12,897

77,504

18,053

69,110

18,467

68,484

15,098

77,751

3,625

17,987

14,540

63,532

18,074

8,902

11,371

17,249

7,696

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sale of businesses and assets

-

-

-

-

-

-

-

-

-

-

0

0

111

104

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of businesses, net

0

0

0

0

0

375

1,000

0

0

0

38,296

2,289

230,298

-875

1

0

-1

85,517

0

-17

-98

208,467

2,767

0

26,080

232,028

-

-

-

-

-

-

-

-

Purchases of other investments

-

-

-

-

-

-

0

0

0

5,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds associated with discontinued operations

-

-

-

-

-

-

-

0

0

263

-

-1,875

-21,770

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of intellectual property

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

301

476

863

896

531

1,056

402

992

1,113

2,983

-

-

-

-

-

-

-

-

Net cash used in investing activities

-4,507

-4,541

-831

-9,581

-11,133

-12,346

-13,472

-78,045

4,089

20,309

-47,134

-58,764

-227,629

-4,043

-3,632

-7,322

-1,229

-82,680

34,648

-17,831

-11,763

-212,479

-6,145

1,473

-22,393

-237,178

-6,062

-2,103

-3,488

-1,580

-

-

-

-

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from stock option exercises and employee stock purchases

79

1,973

1,562

3,215

24

2,392

13

3,692

11

3,241

119

5,474

88

2,600

124

2,265

254

2,817

121

2,458

1,139

1,732

251

1,482

1,238

1,057

189

666

186

845

353

70

83

21

Payments on long-term debt

1,721

1,721

1,722

1,721

3,442

0

1,722

1,721

1,721

1,721

1,721

0

1,513

1,513

1,513

875

875

875

875

875

875

875

-

-

-

-

-

-

-

-

-

-

-

-

Finance Lease, Principal Payments

120

751

-

-

333

185

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of capital leases and assumed debt

-

-

-

-

-

-

142

166

189

216

209

310

330

288

385

433

389

8,731

132

140

151

1,081

-

-

-

-

-

-

-

-

-

-

-

-

Payments of assumed debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

2,088

32,864

-

-

-

-

-

-

-

-

Repurchase of common stock - tax withholdings on equity awards

5,856

93

265

446

3,085

341

155

2,827

3,587

259

442

8,065

10,027

0

29

3,814

5,813

339

707

2,995

4,587

337

-

-

-

-

-

-

0

77

-

-

-

-

Proceeds from corporate facility financing obligation

-

-

-

-

-

-

0

2,919

1,081

-

-4,250

0

0

4,250

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Financing and offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11

1,205

812

1,334

Payments of financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

53

-

-

-

126

-

-

-

-

Proceeds from revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

100,000

-

-

25,000

220,000

-

-

-

-

-

-

-

-

Excess tax benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,949

555

751

580

710

158

691

621

-

-

-

-

Capital contributions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,100

2,100

-

-

-

-

-

-

-

-

Payments of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

675

0

0

0

15,000

Other adjustments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-38

-

-

-

0

-

-

-

-

-

-

-

-

0

126

-126

-4

-

-

-

-

Net cash used in financing activities

-7,618

-592

-1,036

755

-7,413

1,866

-2,005

914

-4,405

1,045

-2,898

85,801

-14,261

5,011

245,357

-2,857

-8,018

-7,128

1,336

-1,814

23,446

99,439

-9,028

94,882

25,686

190,820

1,418

3,544

4,672

584

5,039

-1,390

36,895

-16,313

Foreign currency effect on cash

-604

140

-302

-25

205

-16

-192

-356

304

93

169

104

156

-435

-475

-415

42

-210

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET CHANGE IN CASH AND CASH EQUIVALENTS

-

32,665

-

-

-

-7,587

9,408

-77,427

10,610

21,981

-37,502

54,991

-241,302

20,940

266,135

8,655

10,379

-74,504

41,625

6,717

25,635

-125,560

387

110,369

-3,329

-44,020

-5,174

12,278

10,738

8,046

6,972

2,885

41,635

-12,560

Supplemental disclosure of non-cash activities
Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

977

1,772

128

132

134

124

111

-

-

-

-

Cash paid for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

546

2,482

1,656

1,395

2,542

3,406

-25

2,421

7,482

5,118

4,613