Maxlinear inc. (MXL)
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'11
Operating Activities
Net income (loss)

-15,469

-8,104

-4,714

-2,229

-4,851

311

-13,935

-14,422

1,847

-19,448

-9,167

10,965

8,463

8,348

9,679

22,584

20,681

-8,544

1,582

-30,647

-4,722

-2,362

-3,205

-612

-862

-2,647

-4,882

-2,904

-2,300

-4,581

450

-2,559

-6,562

-4,692

-11,388

-4,796

-1,148

Adjustments to reconcile net loss to cash provided by operating activities:
Amortization and depreciation

16,733

16,473

16,419

16,646

16,863

19,125

19,767

20,051

20,084

20,236

21,342

18,261

6,899

7,960

8,808

4,163

5,772

9,479

17,296

12,227

1,639

1,580

1,322

1,071

1,134

799

874

1,061

981

970

860

831

870

865

863

755

676

Impairment losses

86

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of investment premiums

-

-

-

-

-

-

-

-

-

0

0

107

-47

-74

-12

66

-149

-293

-57

-55

-149

-146

-168

-200

-210

-233

-260

-258

-223

-251

-257

-301

-249

-285

-293

-284

-317

Amortization of debt issuance costs and accretion of discount on debt and leases

410

404

380

391

402

287

287

287

287

287

301

175

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for losses on accounts receivable

-

-

-

-

-

-

-

-

-

0

46

0

87

0

87

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for inventory reserves

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

6,827

7,747

8,359

8,207

7,747

7,999

7,940

7,309

8,473

7,770

7,796

11,628

5,474

5,290

6,264

5,102

5,109

4,216

5,032

6,301

3,719

3,928

4,002

3,685

3,393

3,395

3,463

3,339

2,789

2,819

2,609

2,333

2,223

2,162

2,169

1,432

1,605

Deferred income taxes

-6,208

-3,238

-1,379

-4,600

-6,476

-8,827

304

-1,289

-2,332

16,650

4,725

-53,297

155

-114

82

-100

233

-197

251

-1,960

0

-2,292

0

0

11

-166

0

0

0

-

-

-

-

0

8,211

-852

-691

Loss on disposal of property and equipment

0

0

0

-11

-35

-430

0

0

0

33

-286

-3

88

-318

0

-48

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on sale of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Change in fair value of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

11

99

24

86

7

-9

-51

183

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of leasehold improvements

163

0

0

0

1,400

35

0

700

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,229

34

1,131

64

113

0

2

69

121

28

0

1

Impairment of leased right-of-use assets

44

-

-

-

2,182

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of long-lived assets

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on extinguishment of lease liabilities

0

7,500

5,800

-5,800

2,900

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss on foreign currency

246

-430

183

54

-567

268

184

828

-471

-738

-733

-898

216

282

-112

170

-124

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax deficiencies (benefits) on stock-based awards

-94

192

61

2,074

1,737

820

93

318

797

1,961

3,308

2,376

914

2,249

928

3,549

1,565

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

-5,615

-5,930

-280

-3,022

142

867

-25,016

-6,979

24,533

-9,492

-7,063

13,496

7,436

815

5,419

3,300

-1,359

811

205

-8,319

2,143

-2,379

-233

-690

1,320

1,184

1,019

-164

3,461

-1,721

1,331

3,879

648

2,036

63

729

4,546

Inventory

-353

-6,224

-5,108

122

1,015

-19

-2,581

-1,420

-7,676

-543

-5,060

2,289

5,102

-2,882

454

-4,396

-3,022

-3,822

-1,581

9,659

1,991

1,213

-187

-1,279

1,010

357

320

693

-1,229

945

409

1,771

-1,316

-1,146

2,553

1,439

-2,189

Prepaid expenses and other assets

-1,443

-2,889

-960

648

-604

2,857

-712

-2,213

-1,003

424

3,514

-4,385

-825

-767

-440

-1,611

2,416

-3,795

2,684

-3,800

416

350

60

300

42

164

-186

447

-117

99

-207

465

-228

28

-231

509

-461

Leased right-of-use assets

640

-109

-4,561

981

645

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable, accrued expenses and other current liabilities

-785

2,692

-6,313

2,961

1,921

5,410

-10,606

11,540

-421

-2,494

-14,986

7,610

7,952

752

-2,470

1,887

3,080

-13,211

-9,256

-2,581

3,015

17

-1,086

562

590

22

-685

3,749

-3,713

123

549

2,350

959

-2,895

592

5,512

1,159

Increase (decrease) in due to related prarties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-1,746

Accrued compensation

3,361

607

730

-209

893

2,387

2,671

1,401

2,502

1,351

1,498

-1,664

382

2,252

-183

309

3,231

475

3,342

-371

1,874

241

1,461

170

2,039

586

2,800

-76

2,277

1,018

1,727

598

1,567

-674

612

-445

456

Deferred revenue and deferred profit

-

-

-

-

-

0

0

0

-138

-12,862

3,907

7,633

-307

697

-504

-725

2,457

-72

3

502

21

-1,273

2,256

-551

529

-396

451

-341

648

-52

116

-289

-1,515

-4,118

4,319

-676

-818

Accrued price protection liability

-4,537

-1,097

2,291

-7,649

2,489

2,036

-5,662

-132

-1,359

-6,658

3,606

2,676

6,771

-1,936

-1,158

-173

-1,583

322

3,925

-372

2,647

-6,467

973

1,132

-637

2,520

1,820

889

1,908

-87

1,265

3,319

527

-

-

-

-

Lease liabilities

1,430

1,655

2,183

2,179

2,125

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term liabilities

-446

-613

749

-11

-519

-227

-275

913

-792

-1,159

144

-3,768

-320

608

-5

18

-785

887

-513

90

159

-120

102

224

56

180

79

75

39

113

7

184

-363

-123

-369

1,099

-9

Net cash provided by operating activities

6,648

28,107

21,752

12,444

16,045

24,173

30,721

35,824

11,971

21,743

37,739

-7,090

22,672

27,603

18,415

32,345

38,954

24,558

22,081

4,634

3,768

-5,768

6,361

7,550

4,091

2,823

3,061

6,205

801

1,362

6,307

955

-1,080

-1,937

-2,714

-364

-2,094

Investing Activities
Purchases of property and equipment

1,035

2,989

1,219

524

2,155

1,412

1,609

2,423

2,381

3,070

2,500

1,155

743

1,684

2,118

1,488

3,222

1,516

20

436

1,024

1,033

3,126

3,196

1,445

529

811

1,280

542

2,029

1,400

778

848

775

445

1,078

664

Purchase of intangibles

-

-

-

-

-

-

-

-

-

0

53

5,205

120

0

0

390

0

-

-

-

-

-

-

-

-

-

-

-

-

0

195

0

195

-

-

-

-

Payments to Acquire Available-for-sale Securities

-

-

-

-

-

-

-

-

-

-

-

-

30,577

10,044

32,986

9,504

37,773

27,697

25,712

3,815

16,153

20,245

6,693

11,065

18,699

13,820

9,683

14,945

32,172

21,528

8,909

25,070

32,390

40,402

12,120

30,205

28,642

Maturities of available-for-sale securities

-

-

-

-

-

-

-

-

-

0

0

63,761

20,785

10,185

7,700

70,711

10,300

11,521

4,400

36,918

16,190

21,277

6,900

10,800

18,195

10,200

9,500

18,200

27,300

19,251

27,049

12,601

30,250

26,775

36,607

19,403

42,565

Net cash used in investing activities

-1,035

-2,989

-1,305

-524

-2,155

-1,412

-1,609

-2,423

-2,381

-3,040

-2,553

-415,903

-10,655

-1,543

-107,404

38,329

-30,695

-17,692

-21,432

29,052

-987

-9,137

-2,919

-3,461

-1,949

-4,149

-1,294

1,320

-5,414

-4,306

16,545

-13,247

-3,183

-14,603

24,042

-11,880

13,259

Financing Activities
Equity issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

8

697

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of debt

0

0

20,000

15,000

15,000

15,000

35,000

18,000

25,000

20,000

50,000

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchases of common stock

-

-

-

-

-

-

-

-

-

0

0

0

334

0

0

0

3

0

0

101

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on capital leases

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1

1

2

1

5

24

24

22

11

25

Net proceeds from issuance of common stock

488

2,382

288

3,305

2,628

2,732

91

3,036

980

2,960

1,074

7,657

361

2,199

165

2,558

1,727

3,604

2,891

3,207

248

1,720

25

1,510

49

1,401

133

1,090

23

1,019

555

1,053

79

1,060

279

1,035

441

Minimum tax withholding paid on behalf of employees for restricted stock units

475

820

1,339

5,408

4,419

2,606

1,178

1,448

2,391

1,718

1,426

3,496

4,903

1,132

2,591

2,501

1,092

613

1,367

2,896

265

169

653

2,852

136

129

123

1,075

48

58

48

45

24

-

-

-

-

Net cash provided by (used in) financing activities

13

1,562

-21,051

-17,103

-16,791

-14,874

-36,087

-16,412

-26,411

-18,758

-50,352

421,007

-4,876

1,067

-2,426

57

632

2,991

1,524

202

-714

1,551

-628

-1,342

-87

1,272

10

14

-26

-1,881

-8,730

1,003

31

1,036

257

1,024

416

Effect of exchange rate changes on cash and cash equivalents

-303

-87

90

354

577

-1,939

103

793

-258

371

-829

839

1,201

-307

-91

11

-7

-50

-755

74

6

-5

-7

1

-5

4

5

5

3

1

0

5

2

9

2

7

3

Increase (decrease) in cash, cash equivalents and restricted cash

5,323

26,593

-514

-4,829

-2,324

5,948

-6,872

17,782

-17,079

316

-15,995

-1,147

8,342

26,820

-91,506

70,742

8,884

9,807

1,418

33,962

2,073

-13,359

2,807

2,748

2,050

-50

1,782

7,544

-4,636

-4,824

14,122

-11,284

-4,230

-15,495

21,587

-11,213

11,584

Supplemental disclosures of cash flow information:
Cash paid for interest

2,246

-

-

-

3,099

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

3,241

3,571

3,599

3,546

3,622

3,944

1,277

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for income taxes

557

1,357

843

1,345

872

933

3,400

890

203

517

4,466

4,031

421

100

220

1,233

30

41

-7

-48

55

54

58

58

17

60

55

10

61

-

-

-

-

-

-

-

-

Supplemental disclosures of non-cash activities:
Issuance of shares for payment of bonuses

2,599

83

143

0

7,406

0

0

0

6,997

0

0

0

3,314

0

3,997

3,652

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital Expenditures Incurred but Not yet Paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

87

-

-1,605

-258

2,009

-190

-233

340

85

-

-

-

-

-

-

-

-

Issuance of restricted stock units to Physpeed continuing employees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,156

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-