Onto innovation inc. (NANO)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'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
Cash flows from operating activities:
Net (loss) income

-4,404

-9,204

4,211

3,930

7,576

2,973

-528

11,568

17,675

16,381

13,505

5,764

8,288

5,352

26,654

7,883

6,031

3,467

-1,813

818

1,344

2,556

-4,639

-28,662

588

1,595

556

-4,554

-4,566

-5,582

-3,647

1,903

4,506

1,703

-531

7,619

11,087

10,510

Adjustments to reconcile net income to net cash and cash equivalents provided by (used in) operating activities:
Amortization of intangibles

13,732

-

-

-

387

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation

3,103

-

-

-

1,254

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

2,651

2,655

-

2,406

-

1,636

1,602

1,724

-

1,667

1,698

1,854

1,855

2,135

2,129

2,176

2,249

2,271

2,231

2,324

1,107

3,846

2,385

2,429

2,251

2,268

2,160

2,108

2,146

2,134

2,067

1,790

261

1,812

1,482

1,428

Share-based compensation

3,955

872

3,399

3,200

2,163

3,114

-2,167

3,212

2,679

2,338

-1,105

2,448

2,163

2,164

2,234

2,000

1,743

1,689

1,584

1,682

1,411

1,571

1,637

1,705

1,776

1,634

1,762

2,704

1,751

1,457

1,355

1,481

1,593

1,461

1,727

969

955

822

Acquired inventory step-up amortization

9,898

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for doubtful accounts and inventory valuation

928

-

-

-

1,028

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from equity awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

520

-100

0

-367

-29

125

169

645

1,990

406

-717

2,236

Disposal of fixed assets

-

-

-30

863

-

-2

-

13

-6

-45

-

0

-35

-63

-316

-34

-29

-99

-543

-77

-16

-485

-169

-52

-28

0

-4

-163

2

-12

-57

-112

-16

-118

-94

-16

-3

0

Inventory write-down

-

-

1,217

1,175

-

1,747

-

601

174

95

-

397

609

406

659

405

395

651

674

673

895

403

1,788

-418

858

669

1,272

3,543

1,443

1,321

917

862

934

806

2,127

566

455

273

Deferred income taxes

-

-

-

-

-

4

-2,505

348

2,258

2,062

15,054

1,355

1,277

-479

-16,769

16

0

-30

172

37

81

55

-2,861

20,286

-29

519

2,770

-3,002

-2,592

-4,065

-196

1,953

-1,473

2,468

1,384

961

-42

1,467

Other, net

144

-

-

-

381

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities

18,170

-

-

-

13,593

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in fair value of contingent payments to Zygo Corporation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,333

63

40

55

-193

44

58

35

83

52

71

-5

280

45

611

389

-178

298

1

8

-21

43

244

147

Change in operating assets and liabilities net of assets acquired and liabilities assumed in merger:
Accounts receivable

-

3,470

6,724

6,131

-

-6,604

10,814

-4,327

842

-8,035

988

-6,138

-2,154

6,874

1,721

-13,291

9,080

5,197

-2,263

-4,157

5,690

13,340

1,010

-6,780

942

967

8,558

-9,277

12,363

-1,268

-8,564

-10,310

1,524

9,617

-16,431

1,351

-4,694

3,602

Inventories

-

-3,792

4,840

5,426

-

2,864

25,194

4,629

2,037

-315

-12,610

8,102

6,031

2,695

2,126

-195

-8,328

1,871

538

7,451

6,000

2,442

-825

4,168

688

3,142

-149

3,052

-1,510

5,631

-1,812

-1,046

762

713

960

5,707

3,845

1,657

Inventories-delivered systems

-

-

-893

661

-

169

-

2

363

-41

-

1,647

-1,606

823

-1,959

-5,177

5,454

1,283

1,313

-31

825

-1,164

1,412

143

-1,891

-4,652

4,327

130

920

-750

187

342

168

61

-923

-492

-96

1,065

Prepaid expenses and other assets

-

3,618

-513

785

-

1,189

1,877

-2,198

2,968

454

-2,164

2,903

859

88

-16

-1,040

756

-605

1,165

-1,701

-2,829

94

-552

-500

594

-1,845

2,675

-929

701

-592

-2,769

-143

-539

2,337

4,877

-3,330

3,762

-562

Operating lease - right of use assets

-

-

-840

-929

-

-148

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable, accrued and other liabilities

-

-

2,888

2,715

-

-13,656

-

2,419

8,678

-1,474

-

2,594

-2,855

970

6,772

-2,799

-43

-1,468

-5,467

5,351

336

3,947

6,325

-1,574

-425

-2,536

-1,958

5,232

1,917

-351

-325

-9,182

-1,894

-1,166

1,352

879

4,577

-2,567

Deferred revenue

-

-

-2,679

-665

-

1,403

-

2,662

292

2,172

-

-3,041

-1,202

3,039

-7,459

-8,255

9,437

2,643

1,694

-109

1,889

-2,468

3,415

-1,292

-4,359

-10,619

10,673

-504

3,344

-796

-1,946

196

1,491

2,731

-225

706

-786

3,393

Operating lease liabilities

-

-

-886

-798

-

-90

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

-

-

-341

-718

-

-1,289

-

110

-897

1,434

-

456

300

186

-509

-304

-78

-1,037

533

223

142

-70

2,946

-1,955

-437

-766

-303

26

-29

-360

63

-183

-52

518

2,923

-184

-709

3,024

Net cash and cash equivalents provided by (used in) operating activities

8,898

19,281

1,168

-1,447

-1,566

-856

-48,314

24,437

26,257

32,714

48,787

5,126

7,183

3,075

11,584

20,881

12,721

499

-777

9,505

-1,283

-5,874

8,914

-4,980

123

-4,692

1,482

13,045

-8,437

-8,521

11,233

10,606

5,105

-2,936

18,618

9,745

15,166

10,499

Payments to acquire certain assets

-

-

-

-

-

-

-

0

1,000

1,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales of marketable securities

-

-

2,341

888

-

739

-

1,269

1,072

17,435

-

1,233

17,210

10,181

-

-

-

-

499

501

1,301

1,082

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Maturities of marketable securities

-

-

24,053

13,250

-

11,450

-

14,850

10,845

6,500

-

22,000

16,392

24,531

13,314

3,645

8,663

13,153

11,584

14,443

6,244

9,592

13,269

7,950

10,620

7,000

9,059

15,242

12,677

10,111

7,836

500

0

0

-

-

-

-

Purchases of marketable securities

76,460

22,877

68,492

12,072

22,142

24,021

-

-

-

-

59,677

26,197

42,273

36,514

19,024

50,960

-73

12,953

14,151

9,737

6,948

10,613

14,290

7,331

11,069

8,410

8,385

17,343

12,162

11,292

17,718

27,165

13,764

0

-

-

-

-

Proceeds from sales of marketable securities

74,857

-

-

-

14,295

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of property, plant and equipment

997

-3,141

1,629

4,182

1,320

4,132

4,600

1,181

442

1,319

7,868

806

1,489

47

650

821

1,918

610

481

322

541

502

2,992

-1,013

1,620

2,193

2,173

1,546

973

997

1,285

1,070

1,768

867

673

336

991

755

Net cash and cash equivalents used in investing activities

-2,600

65,015

-43,727

-1,220

-9,167

-15,964

33,347

-15,346

-5,845

21,616

-14,743

-3,770

-12,160

-1,849

-2,498

-46,043

6,818

-410

-2,549

4,885

56

-441

-4,013

1,632

-2,069

-3,603

-1,499

-3,647

-458

-2,178

-11,167

-24,735

-15,024

-867

-24,585

-336

-930

-816

Cash flows from financing activities:
Purchase of common stock

33,614

-

-

-

744

-

-1,918

0

0

22,987

-

-

-

-

-

-

-

-

-

0

0

1,721

-

0

0

0

0

0

0

5,000

3,544

0

4,960

0

-

-

-

-

Excess tax benefit from equity awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

520

-100

0

-367

-29

125

169

645

1,990

406

-717

2,236

Tax payments related to shares withheld for share-based compensation plans

1,565

35

177

1,525

598

803

-1,201

391

2,255

476

-2,480

446

1,637

1,755

244

290

630

658

78

89

251

764

38

0

5

659

1,095

0

0

86

602

0

0

16

80

0

23

23

Payments to Zygo Corporation related to acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

231

84

237

197

193

224

117

209

161

100

269

519

83

133

68

34

91

107

131

110

130

61

Repayments of debt obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

4,768

229

227

221

1,615

188

186

182

2,107

96

186

Issuance of shares through share-based compensation plans

164

-3,710

19

2,987

-

1,548

-3,202

1,117

2,164

545

-3,055

813

1,648

1,217

2,463

2,518

2,532

934

332

1,142

143

2,357

106

1,651

1,086

3,115

1,775

334

1,260

1,598

450

831

1,418

1,214

1,895

1,752

1,936

1,603

Net cash and cash equivalents used in financing activities

-35,015

-6,247

-158

1,462

-1,342

745

-1,626

726

-91

-22,918

-2,392

367

11

-538

1,183

2,228

1,671

192

17

856

-301

-352

-5,393

1,442

920

2,356

825

-5,053

948

-4,215

-4,014

-693

-3,652

1,550

3,492

-59

-3,348

3,630

Effect of exchange rate changes on cash and cash equivalents

-636

178

-309

28

-145

336

7

85

-32

-399

1,280

-36

-97

-333

-628

323

149

238

-98

-106

14

-74

-457

-456

180

7

124

386

-296

-656

-601

296

83

32

25

-886

626

398

Net decrease in cash and cash equivalents

-29,353

78,227

-43,026

-1,177

-12,220

-15,739

-16,586

9,902

20,289

31,013

32,932

1,687

-5,063

355

9,641

-22,611

21,359

519

-3,407

15,140

-1,514

-6,741

-949

-2,362

-846

-5,932

932

4,731

-8,243

-15,570

-4,549

-14,526

-13,488

-2,221

-2,450

8,464

11,514

13,711

Supplemental disclosure of cash flow information:
Income taxes paid

588

-

-

-

114

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosure of non-cash investing activities:
Transfers between inventory and property, plant and equipment, net

-

-

443

349

-

406

-

529

-18

91

-

-1,326

1,509

22

1,137

930

-213

491

401

-35

668

435

-1,352

4,010

617

0

-

-

-

-

-

-

-

-

-

-

-

-

Unpaid property, plant and equipment

-

-

400

146

-

516

-

1,129

290

265

-

-

-

789

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-