National instruments corporation (NATI)
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 flow from operating activities:
Net Income (Loss) Attributable to Parent

271,586

162,151

160,096

151,647

154,009

155,057

74,234

64,430

58,531

52,411

105,840

96,939

91,584

82,734

85,725

84,414

89,556

95,262

106,509

123,033

122,614

126,333

114,676

90,738

80,636

80,513

69,499

78,075

90,095

90,137

93,750

82,146

82,253

94,072

107,773

123,170

121,224

109,116

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Gain (Loss) on Disposition of Business

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

74,794

73,541

71,478

71,553

71,243

70,667

71,636

71,878

71,462

72,695

73,020

71,088

72,627

73,390

73,336

75,044

74,837

73,329

74,352

73,351

71,136

70,206

68,088

67,776

68,139

67,974

68,554

64,925

61,400

58,686

55,181

53,823

53,039

49,897

45,397

42,274

39,403

37,872

0

0

0

Stock-based compensation

52,508

51,438

48,178

44,342

40,446

37,616

35,365

33,355

30,947

29,145

27,469

26,061

25,486

25,832

25,973

26,241

25,846

25,489

25,379

25,623

25,597

25,759

26,527

27,867

28,411

28,992

29,286

28,517

28,627

27,796

27,075

26,208

24,932

23,219

21,251

19,632

18,469

18,795

0

0

0

Tax benefit from deferred income taxes

-12,629

-12,680

-13,931

-11,236

-11,342

-11,738

-752

-3,133

-4,836

-5,774

-2,399

-3,378

-1,499

-5,430

11,102

9,653

6,342

11,019

-12,866

-6,199

-2,280

-3,240

-859

678

-5,649

-4,353

-3,045

-8,475

1,518

1,853

-4,464

-4,656

-9,588

-8,581

2,003

2,664

1,399

3,668

0

0

0

Changes in operating assets and liabilities, net of divestitures

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Tax benefit from stock option plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

997

1,124

1,188

1,242

1,411

1,420

2,018

2,407

2,030

2,146

2,411

2,198

2,457

2,210

4,070

5,151

5,742

4,552

-164

96

0

0

0

Changes in operating assets and liabilities (net of effects of acquisitions):
Accounts receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,709

-2,559

-5,743

8,956

21,649

5,015

37,678

9,160

-6,820

-4,331

-19,554

12,563

26,007

23,997

39,319

15,353

21,957

29,134

43,567

28,469

22,923

0

0

0

Inventories

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,342

16,999

17,986

5,592

943

-8,042

-17,984

-18,334

1,563

21,234

33,892

45,786

36,154

22,719

7,418

3,587

11,817

28,594

61,486

50,579

30,930

0

0

0

Prepaid expenses and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,111

-4,653

10,466

22,328

16,864

8,334

9,291

-8,412

1,767

15,061

7,830

29,474

7,037

2,646

21,161

6,877

1,350

14,083

36,965

5,713

20,411

0

0

0

Accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-9,828

-8,899

-7,461

-5,924

1,989

7,311

9,376

-3,994

-8,604

1,683

2,211

24,504

23,419

12,561

15,232

3,020

5,573

4,571

5,614

9,083

9,630

0

0

0

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,493

4,610

8,103

11,909

14,910

8,863

11,748

8,480

6,346

29,513

8,236

19,452

21,050

4,467

27,813

16,190

16,953

17,925

14,254

16,815

14,408

0

0

0

Taxes, accrued compensation, and other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,537

3,426

15,162

9,609

149

2,415

-15,747

-3,548

2,472

24,520

14,068

15,868

19,029

-6,910

-7,946

-21,814

-29,041

-22,447

-54,368

-22,957

-25,929

0

0

0

Net cash provided by operating activities

225,878

224,405

236,588

264,365

276,744

274,580

264,323

238,509

217,749

224,442

197,639

204,440

202,511

200,199

198,600

198,826

187,018

169,065

174,875

177,455

175,379

195,110

215,473

193,525

195,139

169,479

136,976

135,107

119,494

132,516

143,661

138,404

161,773

169,899

143,814

146,634

145,087

145,058

0

0

0

Cash flow from investing activities:
Capital expenditures

62,737

60,857

54,469

40,943

37,480

34,659

33,545

34,293

27,560

30,256

34,101

39,182

45,969

44,425

40,293

34,331

32,991

33,987

42,401

43,461

43,248

44,944

37,646

36,758

40,661

47,796

77,385

93,286

99,113

89,073

66,984

60,711

54,304

54,830

54,322

41,435

32,706

28,397

0

0

0

Proceeds from sale of business, net of cash divested

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capitalization of internally developed software

8,701

9,065

8,235

7,361

8,819

14,208

20,408

28,190

37,706

41,662

42,217

41,269

35,480

31,859

32,765

35,316

37,137

31,356

26,365

20,430

20,401

25,781

26,372

23,607

19,682

14,883

11,003

10,130

10,784

11,721

11,937

12,338

12,074

12,065

9,953

4,653

-8,624

-15,759

0

0

0

Additions to other intangibles

1,215

1,209

1,366

1,950

2,650

5,399

6,170

5,196

4,714

2,384

1,752

2,777

2,504

2,342

2,540

2,980

2,775

2,811

2,836

1,720

2,184

2,834

3,274

4,106

4,813

5,182

4,610

3,515

2,975

1,890

3,235

4,364

4,932

5,035

5,124

4,217

4,044

4,151

0

0

0

Payments to acquire equity-method investments

0

-

-

0

0

-

-

0

0

-

-

-

-

549

97,532

101,638

101,638

125,612

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,218

0

0

0

Purchases of short-term investments

331,504

185,267

282,338

268,228

321,465

313,726

197,352

172,203

114,837

87,735

92,888

86,896

59,342

39,097

15,468

11,422

18,739

36,063

45,834

72,983

136,532

123,849

161,979

134,830

71,826

70,354

0

0

0

-

-

-

-

257,449

131,764

95,589

118,044

126,691

0

0

0

Sales and maturities of short-term investments

250,304

219,628

244,850

233,004

234,470

163,530

116,771

66,244

37,907

39,627

54,785

37,052

36,111

47,769

145,251

146,375

159,252

151,437

52,073

46,984

102,220

89,835

127,586

124,784

57,668

80,371

53,641

90,612

179,920

238,436

300,112

275,247

222,781

166,104

105,239

115,049

101,566

82,672

0

0

0

Net cash used in investing activities

33,726

-17,948

-88,270

-100,796

-151,262

-209,996

-140,704

-173,638

-146,910

-122,410

-116,173

-133,072

-107,184

-70,503

-43,347

-39,312

-34,028

-78,392

-93,992

-116,133

-124,668

-107,573

-101,685

-74,517

-79,314

-57,844

-220,257

-207,058

-154,708

-77,827

5,088

-44,397

-152,360

-236,833

-174,427

-115,906

-71,341

-96,544

0

0

0

Cash flow from financing activities:
Principal payments on revolving line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

27,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock

32,969

33,191

33,000

32,624

32,214

31,601

30,648

30,309

29,877

29,094

29,620

29,484

29,279

28,907

28,690

28,199

27,828

27,785

28,044

28,567

28,677

31,275

34,993

35,831

37,521

39,319

38,414

37,092

35,095

30,902

27,050

25,938

23,460

32,905

40,636

40,691

46,561

51,852

0

0

0

Repurchase of common stock

131,438

171,316

137,171

92,375

46,404

0

0

0

0

-

-

-

-

5,635

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

41,862

0

0

0

Dividends paid

132,742

131,855

129,586

127,029

124,470

121,537

118,534

115,531

112,527

109,551

107,892

106,219

104,542

102,897

101,293

100,047

98,853

97,643

92,585

87,180

81,729

76,287

74,643

73,025

71,399

69,776

69,475

69,109

68,748

68,401

63,231

58,120

53,027

47,961

46,098

44,253

42,414

40,618

0

0

0

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

997

1,124

1,188

1,242

1,411

1,420

2,018

2,407

2,030

2,146

2,411

2,198

2,457

2,210

4,070

5,151

5,742

5,710

3,010

96

0

0

0

Net cash used in financing activities

-232,048

-270,817

-234,664

-187,687

-139,567

-90,843

-103,728

-111,064

-108,492

-106,299

-88,272

-91,735

-76,256

-91,625

-81,878

-105,130

-125,938

-108,113

-111,103

-66,034

-51,864

-43,770

-44,541

-51,092

-47,178

-43,368

-38,047

-29,871

-31,242

-35,301

-33,724

-29,972

-25,497

-9,905

280

-8,779

-3,770

-30,532

0

0

0

Effect of exchange rate changes on cash

-1,881

-410

-2,262

-1,740

-7,514

-4,519

-2,704

662

9,010

9,148

348

-1,744

-5,463

-3,917

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash and cash equivalents

25,675

-64,770

-88,608

-25,858

-21,599

-30,778

17,187

-45,531

-28,643

4,881

-6,458

-22,111

13,608

34,154

71,417

52,477

25,852

-22,901

-30,220

-4,712

-1,153

43,767

69,247

67,916

68,647

68,267

-121,328

-101,822

-66,456

19,388

115,025

64,035

-16,084

-76,839

-30,333

21,949

69,976

17,982

0

0

0