MAXIM INTEGRATED PRODUCTS, INC. MXIM Cash Flow

Maxim integrated products, inc. (MXIM)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09
Other Operating Activities, Cash Flow Statement
-3,265	-5,988	27	-	371	-519	-117	-	0	-808	-42	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash flows from operating activities:
Net income
161,190	146,050	140,156	367,558	130,613	131,892	197,423	194,172	193,627	-75,014	154,533	163,309	140,213	130,477	137,614	92,339	139,810	67,469	-72,143	98,659	79,433	-72,034	99,980	84,793	122,544	44,353	103,120	119,014	131,388	76,622	127,888	110,634	54,517	88,130	133,446	125,593	136,276	109,590	117,550	58,455	-33,903	58,635	41,952
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation
23,403	24,067	24,671	22,004	22,820	21,656	20,497	19,753	20,605	21,040	17,287	17,624	18,300	18,073	17,120	16,444	17,875	18,419	16,963	17,709	18,586	20,776	22,420	21,786	22,057	22,869	18,740	18,853	19,613	22,845	22,497	20,890	22,038	23,474	23,465	21,408	21,228	24,522	27,139	24,848	15,279	26,933	26,465
Depreciation and amortization
24,141	24,087	23,921	25,569	27,182	26,803	31,191	35,206	37,201	35,813	36,754	38,194	40,473	42,140	43,485	46,414	47,088	49,082	102,053	92,639	71,439	71,625	63,693	64,391	64,665	64,404	51,133	51,191	50,391	51,880	53,674	53,554	53,476	51,995	52,071	50,016	50,684	52,228	52,134	50,385	40,810	39,832	36,496
Deferred taxes
-3,161	-2,684	453	26,118	-3,955	-5,174	-3,032	21,458	-2,670	-3,188	12,115	1,697	-16,967	-7,520	14,895	-13,510	-333	18,816	-53,111	-32,207	-15,658	-30,849	6,207	-9,501	-36,482	-11,705	25,529	-2,813	18,392	-12,979	22,772	1,224	-9,942	-368	39,845	20,484	15,733	11,232	92,635	56,618	-53,931	8,594	17,809
Gain (Loss) on Disposition of Property Plant Equipment
-145	-113	-376	-643	-428	-2,275	-621	-423	-1,160	649	-61	-7,006	-4,809	-3,898	-652	-5,048	-3,098	4,517	1,346	1,228	441	-1,844	-244	-1,068	-818	-265	-36	-1,380	2,397	88	51	1,412	6,487	-124	-127	1,797	51	-14,257	-537	318	502	-1,791	699
Tax benefit (shortfall) related to stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,657	545	1,980	1,193	-861	7,635	-229	1,610	942	3,204	-726	-3,488	358	1,317	5,187	1,335	-	-	-2,581	1,428	2,811	33,411	-1,425	-4,251	-3,565	-2,040	-5,796	-4,347
Gain (Loss) on Disposition of Business
-	-	-	-	-	-	-	-	-	-	-	-	0	0	26,620	-	58,944	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Sale of Equity Investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	0	-298	149
Excess tax benefit related to stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,890	1,491	3,920	2,249	2,372	5,997	1,931	2,249	4,897	5,139	2,459	1,697	2,792	4,297	6,615	5,219	5,247	5,172	4,242	2,821	4,792	4,229	2,810	1,038	1,542	1,565	1,915	1,983
Impairment of Long-Lived Assets to be Disposed of
-	-	-	-	-	-	-	-	-	-	-	665	0	-5,337	6,134	0	506	1,950	157,697	517	5,522	50,745	10,226	6,403	0	5,197	0	0	0	22,222	2,707	22,933	7,712	0	0	-	-	-	-	0	0	0	8,291
Changes in assets and liabilities:
Accounts receivable
23,933	-37,005	20,584	-15,615	14,323	-43,402	23,604	-40,480	80,953	2,480	-23,239	-1,139	33,250	-29,176	-3,013	-21,971	47,322	-51,291	3,627	417	19,921	-23,426	-13,896	-8,300	15,566	-33,056	12,450	-14,608	35,501	-51,993	-923	21,206	50,026	-82,760	30,790	-6,959	11,327	-38,083	-9,541	34,686	16,257	52,279	21,036
Inventories
-3,308	-12,005	-10,578	-26,383	-6,123	3,505	-7,002	9,450	11,036	14,125	-1,835	5,715	5,505	12,512	-2,517	-7,657	-22,785	-15,811	2,167	-10,105	-9,194	1,486	15,650	-1,226	-7,717	-14,030	2,301	7,657	12,143	-570	16,015	22,090	-12,412	-19,045	9,799	2,974	17,673	13,605	-4,817	1,530	-5,208	5,522	-24,525
Other assets
4,710	3,377	52,443	11,875	-3,561	-6,038	12,625	-665	1,244	-31,459	-1,488	727	-16,862	7,583	12,099	-8,012	8,947	918	-4,796	-15,338	156	-1,009	24,974	-26,579	-7,194	-30,330	18,546	2,832	14,653	-4,091	7,839	5,634	-2,332	1,615	11,840	-16,031	-44,654	40,912	-33,482	78,749	9,465	1,700	-10,595
Accounts payable
-2,655	3,602	1,242	699	-13,372	7,664	-5,263	6,131	-235	13,643	-9,979	-5,235	11,887	-11,999	-858	5,076	8,683	-7,659	-9,776	2,874	477	-12,007	4,455	5,203	-4,044	-3,252	-9,162	-6,961	10,453	-9,536	-26,466	11,802	27,228	-18,397	4,882	-8,621	10,952	-18,667	11,590	26,446	15,388	14,248	-14,891
Income taxes payable
2,174	-5,792	-25,341	-229,776	20,401	-482	33,743	-163,010	30,067	234,264	16,333	22,619	20,931	17,138	110	19,792	29,597	-26,875	34,127	39,217	22,587	12,835	-12,289	9,853	14,244	19,002	11,393	13,118	9,100	37,477	10,461	20,329	98,321	12,619	3,698	2,538	-70,201	22,181	164	44,184	-725	-50,565	24,490
Deferred income on shipments to distributors
-	-	-	-	-	-	-	0	0	-16,994	2,020	-20,750	-413	383	-3,025	4,322	2,390	-3,024	4,764	-223	3,447	282	1,087	1,475	-1,283	-1,637	622	706	489	-1,663	745	-2,449	-2,407	-3,444	-2,301	1,310	1,306	1,979	6,507	4,675	2,878	-537	2,004
Accrued salary and related expenses
27,481	-1,429	-22,536	-	25,938	-375	-45,408	-	33,408	10,523	-42,105	-	26,227	-1,651	-55,572	-	22,078	8,566	-60,718	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued liabilities - goodwill payments above settlement date fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-171	-540	-453
Accrued liabilities - litigation settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-173,000	0	173,000	0	0
Other liabilities
-857	-2,116	60,750	-25,048	1,893	-6,697	6,757	2,657	3,295	-5,267	6,082	-13,894	-3,870	-7,773	-3,964	-18,937	-9,432	-3,982	883	17,795	5,917	15,839	-51,659	9,882	25,466	20,704	-67,035	17,527	40,026	13,091	-50,667	5,458	33,312	3,631	-80,602	17,308	45,934	3,331	-19,308	10,616	30,473	1,180	-12,250
Net cash provided by (used in) operating activities
209,791	237,465	141,270	237,467	206,938	224,250	207,185	146,659	223,225	229,875	219,705	236,928	220,697	192,630	123,402	254,071	167,986	182,489	117,339	221,790	182,064	172,855	116,997	234,084	211,698	234,431	95,894	214,400	211,693	255,097	136,745	190,094	196,499	249,320	120,809	246,274	256,697	199,984	158,499	157,000	164,477	30,961	138,515
Cash flows from investing activities:
Purchases of property, plant and equipment
17,068	13,670	20,631	30,653	21,257	12,597	18,316	12,118	16,930	22,413	14,321	13,050	8,286	15,775	14,310	22,488	17,530	13,530	15,821	15,360	10,185	18,585	31,686	23,654	26,407	46,133	36,329	48,922	54,945	62,102	50,703	76,610	70,053	68,361	49,324	48,063	29,593	59,068	38,529	43,667	25,482	28,289	26,463
Proceeds from sale of property, plant and equipment
97	128	43	306	32	1	1	62	2,844	1,444	1,473	7,576	787	2,224	205	34,691	136	49,709	606	2,741	1,615	24,467	212	1,627	618	0	3,048	4,538	10,199	4,115	344	1,400	13,774	1,709	0	2,295	80	24,714	535	1,622	515	325	340
Proceeds from Sale of Available-for-sale Securities
0	0	0	0	2,939	18,815	8,438	7,287	60,008	21,895	18,101	0	0	26,454	24,540	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturity of available-for-sale securities
15,485	35,146	42,921	-	308,529	416,720	301,834	-	304,289	118,211	0	-	0	0	25,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Businesses, Net of Cash Acquired
0	0	0	0	0	0	2,949	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,257	0	12,018	154,269	7,811	0	0	73,107	312,784	0	0	4,000
Proceeds from Divestiture of Businesses
-	-	-	-	-	-	-	-	-	-	-	0	0	0	42,199	0	105,000	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-current assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,735	2,000	-784	-953
Purchases of available-for-sale securities
0	0	0	0	0	23,707	190,880	325,063	268,821	137,166	716,304	49,891	99,398	225,622	75,224	25,000	24,861	25,032	25,055	0	0	0	25,142	49,953	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of private company investments
120	0	0	1,500	770	156	750	2,164	1,250	1,500	606	0	162	326	2,337	1,554	1,921	6,008	1,000	0	200	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments for (Proceeds from) Investments
-	-	-516	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales/maturities of available-for-sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100,000	0	0	100,233
Other investing activities
50	33	35	60	540	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
-1,483	21,055	22,814	71,524	288,933	399,076	97,378	-1,247	22,367	-19,529	-711,657	-5,365	-107,059	-213,045	73	35,649	60,824	7,519	-41,270	22,931	-8,270	5,882	-56,616	-71,980	-31,539	-472,639	-33,281	-36,280	5,254	-57,987	-50,359	-78,967	-1,652	-100,553	-203,593	-53,579	-79,300	-34,354	-111,101	-258,564	-26,967	-27,180	71,063
Cash flows from financing activities:
Contingent consideration paid
0	8,000	0	0	1,052	0	8,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefit from stock-based compensation plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,890	1,491	3,920	2,249	2,372	5,997	1,931	2,249	4,897	5,139	2,459	1,697	2,792	4,297	6,615	5,219	5,247	5,172	4,242	2,821	4,792	4,229	2,810	1,038	1,542	1,565	1,915	1,983
Mortgage liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-3,237	-10	-10	-10	-10
Repurchase of options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	196	183	209
Proceeds from derivative litigation settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,460
Repayments of Notes Payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	437	2,430	439	1,839	0	302,299	903	74	224	400	0	4,189	16,217	0	0	0	1,422	0	0	0	0
Proceeds from Issuance of Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	497,795	100	3,250	491,145	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments of Stock Issuance Costs
11,570	7,623	9,943	6,663	9,582	5,916	7,528	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Stock Options Exercised
7,810	1,338	7,482	5,414	5,143	7,235	6,608	1,626	7,716	13,507	5,160	18,435	17,502	7,155	19,911	12,272	9,889	48,477	8,970	9,462	31,098	8,323	9,704	26,232	29,538	8,622	5,247	6,049	26,079	19,350	19,864	13,347	20,395	12,013	4,151	-	-	-	-	-	-	-	-
Net issuance of restricted stock units
-	-	-	-	-	-	-	-	-	-	-5,416	-	-8,268	-4,239	-5,206	-	-8,853	-7,722	-4,822	-	-8,369	-6,822	-8,038	-	-8,390	-7,106	-6,966	-7,456	-7,941	-6,538	-7,107	-6,988	-7,669	-7,976	-7,016	-7,793	-30,721	14,734	-5,059	-	-7,860	3,908	-8,175
Repurchase of common stock
157,003	107,957	93,552	102,104	116,991	207,558	112,498	128,024	127,700	76,953	75,291	75,856	56,999	61,235	57,709	90,438	83,801	23,150	39,697	35,963	36,774	59,666	62,685	40,744	51,083	59,101	154,386	193,221	66,330	50,435	65,149	56,282	28,970	72,486	88,674	59,008	46,689	40,832	84,483	77,289	49,146	46,901	17,569
Payments of Dividends
129,072	129,810	130,222	125,345	125,566	126,808	127,857	117,321	117,883	101,421	101,462	93,395	93,387	93,562	93,627	85,210	85,714	85,712	85,387	79,558	79,419	79,169	79,763	73,626	73,481	73,324	73,744	69,532	70,421	70,063	70,199	64,408	64,384	64,158	64,781	62,077	62,323	62,278	62,467	60,412	60,949	61,017	61,377
Net cash provided by (used in) financing activities
-289,835	-233,517	-226,235	-206,212	-248,048	-815,358	-249,275	-231,521	-247,509	-155,996	-177,009	357,831	-144,346	-384,223	-136,631	105,169	-166,988	-49,837	-118,687	-85,953	-87,467	-116,750	-138,970	-70,880	-98,820	378,570	-228,052	-551,114	375,926	-91,853	-117,596	-90,618	-75,456	-117,648	-169,716	-99,077	-106,818	-85,566	-155,630	169,640	-116,596	-102,288	-82,897
Net increase (decrease) in cash and cash equivalents
-	25,003	-62,151	-	-	-192,032	55,288	-86,109	-1,917	54,350	-668,961	589,394	-30,708	-404,638	-13,156	394,889	61,822	140,171	-42,618	158,768	86,327	61,987	-78,589	91,224	81,339	140,362	-165,439	-372,994	592,873	105,257	-31,210	20,509	119,391	31,119	-252,500	93,618	70,579	80,064	-108,232	68,076	20,914	-98,507	126,681
Supplemental disclosures of cash flow information:
Cash paid (refunded), net during the period for income taxes
21,256	31,536	32,156	23,719	13,439	49,958	10,988	171,819	2,424	14,355	502	18,291	9,199	14,993	33,760	-	-	-	7,021	1,855	17,362	12,702	8,581	4,730	6,084	-17,702	433	5,965	5,718	1,795	5,602	8,674	14,324	15,796	1,033	4,318	15,086	38,952	-73,885	57,656	58,149	101,054	281
Interest Paid, Excluding Capitalized Interest, Operating Activities
-	-	8,438	8,625	8,438	14,875	8,438	14,875	8,437	14,875	8,438	-	-	-	-	-	-	-	8,438	6,260	8,438	6,260	8,452	6,060	8,485	14	8,302	5,247	95	5,184	98	5,237	0	5,414	239	5,175	0	5,089	0	-	-	-	-
Noncash investing and financing activities:
Accounts payable related to property, plant, and equipment purchases
-3,275	4,053	8,307	-3,162	592	9,070	5,590	2,035	-4,163	7,586	3,375	-8,689	4,183	3,637	4,722	-	-	-	7,127	87	2,358	-1,814	4,290	2,558	-1,142	-8,667	21,725	-2,346	-6,319	-7,275	32,765	2,378	-12,749	10,028	26,422	11,330	23	-5,208	16,696	-3,336	-5,293	-2,959	18,482
Proceeds from Sale of Other Property, Plant, and Equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncash or Part Noncash Divestiture, Amount of Consideration Received
-	-	-	-	-	-	-	-	-	-	-	-	-	-	25,922	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-