Neogen corp (NEOG)
CashFlow / Quarterly
Feb'20Nov'19Aug'19May'19Feb'19Nov'18Aug'18May'18Feb'18Nov'17Aug'17May'17Feb'17Nov'16Aug'16May'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11May'11Feb'11Nov'10Aug'10
Cash Flows From Operating Activities
Net Income

12,200

16,276

14,652

15,815

13,073

16,051

15,237

17,545

16,581

17,153

11,936

12,490

10,378

11,171

9,934

9,819

8,288

9,142

9,289

9,433

7,408

7,826

8,909

7,553

6,554

6,227

7,697

6,977

6,609

6,755

6,700

5,941

5,220

5,215

6,013

5,917

4,943

6,111

5,824

Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortization

4,557

4,550

4,435

4,596

4,431

4,326

4,271

4,376

4,414

4,275

3,993

4,000

3,653

3,562

3,476

3,352

3,149

2,976

2,704

2,797

2,682

2,655

2,515

2,539

2,471

2,141

2,029

2,139

1,981

1,665

1,626

1,684

1,578

1,532

1,379

1,388

1,357

1,325

1,259

Share-based compensation

1,640

1,612

1,543

1,406

1,306

1,400

1,431

1,217

1,026

1,265

1,401

1,329

1,198

1,218

1,516

1,461

1,462

1,248

1,297

1,263

1,228

1,052

907

997

994

906

789

866

792

724

682

698

685

472

600

413

584

565

675

Excess income tax benefit from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

251

1,195

1,748

728

255

247

563

1,880

803

540

267

865

809

1,841

522

1,585

1,245

368

471

1,029

397

68

808

556

2,531

139

167

155

Change in operating assets and liabilities, net of business acquisitions:
Accounts receivable

-6,324

5,873

-3,390

3,127

-2,717

4,370

-755

6,220

-1,846

8,086

-2,227

881

-4,069

5,837

-7,684

9,514

-998

-1,305

-1,209

6,368

793

246

-155

3,813

1,788

932

4,069

67

1,310

-493

1,790

1,509

2,460

-804

4,039

-557

1,245

898

-683

Inventories

2,135

-2,029

2,132

1,692

4,958

847

2,940

-1,212

3,641

-58

276

-2,490

1,497

2,053

5,910

-3,343

3,986

5,474

3,310

-3,490

1,105

-1,867

3,933

-531

342

511

3,207

-2,769

2,775

2,111

-35

-1,270

-48

2,203

2,208

817

-170

1,225

-1,438

Prepaid expenses and other current assets

1,796

-606

1,929

2,106

-562

-1,211

3,236

-5,041

-600

4,326

3,590

-95

-289

-386

-42

2,137

-159

-867

2,725

-1,308

1,412

-525

-2,843

1,691

859

8

96

204

-36

201

1,136

67

-2,290

550

176

-168

-39

-667

375

Accounts payable, accruals and other changes

-1,012

-2,447

3,760

5,994

-6,749

-1,270

564

4,661

-1,657

-1,603

2,980

-7,271

-1,256

2,574

4,262

-

-2,672

4,760

16

-

-1,484

-470

-106

-

1,244

-2,080

3,950

-

3,589

36

-644

-

-232

365

334

-

-1,307

1,635

2,197

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net Cash From Operating Activities

19,778

16,753

23,719

20,877

10,382

16,501

16,082

22,555

19,169

8,736

18,671

15,086

15,639

9,273

20,276

7,319

7,151

14,261

6,600

10,321

10,104

12,942

10,425

4,506

6,433

5,221

5,508

6,673

8,554

6,890

4,444

9,042

7,061

4,827

1,347

4,882

4,402

8,013

11,546

Cash Flows For Investing Activities
Purchases of property, equipment and other assets

3,516

6,337

6,469

2,784

5,157

4,802

1,918

4,649

5,888

5,994

4,415

1,576

6,764

2,792

3,446

3,077

3,330

4,994

2,821

2,758

2,156

2,194

2,511

4,196

2,856

2,450

2,041

1,926

3,601

1,447

1,923

1,593

1,923

2,070

6,827

2,443

1,930

1,849

1,574

Proceeds from the sale of marketable securities

100,740

105,168

94,540

48,398

110,988

106,743

73,096

88,424

87,726

79,099

44,502

46,269

38,435

36,406

28,116

34,120

32,690

51,731

28,648

26,243

25,077

19,396

22,946

14,211

24,913

26,351

25,732

16,984

15,902

15,725

18,428

16,387

16,079

23,734

16,070

12,823

14,219

13,034

0

Purchases of marketable securities

130,474

117,096

103,432

121,129

124,707

116,939

74,549

106,071

86,405

88,975

79,968

47,638

47,325

39,176

28,616

28,363

39,346

34,742

49,174

29,682

24,494

30,003

21,765

24,499

14,967

21,063

31,162

26,616

12,078

15,235

28,847

17,350

16,082

13,042

25,157

15,620

14,350

19,400

10,945

Business acquisitions, net of cash acquired

-

-

0

0

1,485

700

4,203

-

-

-

-

-

-

-

-

25,876

3,061

428

13,126

0

2,040

4,514

0

0

17,185

12,068

10,012

0

3,400

9,918

0

3,198

0

3

810

0

0

0

0

Net Cash For Investing Activities

-42,951

-18,265

-15,361

-75,515

-20,361

-15,698

-7,574

-22,296

-4,567

-16,338

-39,881

-2,947

-49,244

-5,999

-3,946

-23,196

-13,047

11,567

-36,473

-6,197

-3,613

-17,315

-1,330

-14,484

-10,095

-9,230

-17,483

-11,558

-3,177

-10,875

-12,342

-5,754

-1,926

8,619

-16,724

-5,240

-2,061

-8,215

-12,519

Cash Flows From Financing Activities
Exercise of stock options and issuance of employee stock purchase plan shares

8,702

10,505

8,708

3,282

3,484

1,276

8,992

4,345

2,521

14,439

1,956

5,304

5,499

6,292

4,053

4,019

1,733

2,318

4,293

3,749

1,561

315

2,933

6,739

1,241

3,065

3,806

4,921

2,026

92

2,494

2,773

513

1,413

1,098

4,808

580

4,243

628

Excess income tax benefit from the exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

251

1,195

1,748

728

255

247

563

1,880

803

540

267

865

809

1,841

522

1,585

1,245

368

471

1,029

397

68

808

556

2,531

139

167

155

Increase in other long-term liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

58

54

56

-68

3

197

-287

0

104

-768

-86

-1,518

44

117

140

Net Cash From Financing Activities

8,702

10,505

8,708

3,282

349

1,276

8,992

3,922

2,521

14,439

1,956

5,555

6,694

8,040

4,781

4,274

1,980

2,881

6,173

4,552

2,101

582

3,798

7,380

3,140

3,641

5,447

6,098

2,397

760

3,236

3,170

685

1,453

1,568

5,821

763

4,527

923

Effect of Exchange Rates on Cash

-1,169

1,132

-2,465

-532

1,621

2,281

-3,349

-3,173

518

-868

143

-10

497

-1,204

-181

-2

-600

343

-35

-99

-166

-608

-111

-3

185

373

104

-42

-222

49

102

-111

-94

41

-3

196

0

0

0

Net Increase In Cash and Cash Equivalents

-

10,125

14,601

-

-

4,360

14,151

1,008

17,641

5,969

-19,111

17,684

-26,414

10,110

20,930

-11,605

-4,516

29,052

-23,735

8,577

8,426

-4,399

12,782

-2,601

-337

5

-6,424

1,171

7,552

-3,176

-4,560

6,347

5,726

14,940

-13,812

5,659

3,104

4,325

-50