Orthofix medical inc. (OFIX)
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'11
Cash flows from operating activities
Net income

-3,694

-28,462

-31,277

8,010

9,482

13,811

6,508

11,175

14,103

6,223

1,419

7,859

-3,438

3,056

0

0

0

-

-

-

-

-

-

-

-

-28,812

2,775

26,627

36,892

42,852

17,444

24,806

27,510

-17,698

0

0

0

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

25,299

24,699

23,178

21,641

20,017

18,659

18,364

18,600

19,418

20,124

20,779

21,285

21,043

20,841

0

0

0

-

-

-

-

-

-

-

-

22,822

20,702

19,899

20,082

20,732

21,521

22,976

23,560

23,182

0

0

0

Amortization of operating lease assets, debt costs, and other assets

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for expected credit losses

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt costs and other assets

-

-

-

-

-

-

-

-

-

1,712

1,382

1,347

1,742

1,569

0

0

0

-

-

-

-

-

-

-

-

720

721

722

1,621

1,737

1,857

1,971

1,286

1,239

0

0

0

Amortization of exclusivity agreements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,546

0

0

0

-

-

-

-

-

-

-

-

Provision for doubtful accounts

-

-

-

-

-

-599

-487

459

1,072

1,639

1,613

980

940

1,117

0

0

0

-

-

-

-

-

-

-

-

4,590

-953

-820

358

2,212

3,442

5,259

5,969

4,580

0

0

0

Deferred income taxes

1,948

1,393

-888

-5,701

-4,520

-2,661

16,051

17,726

16,489

21,286

9,367

14,057

14,581

10,460

0

0

0

-

-

-

-

-

-

-

-

2,829

8,890

6,997

6,417

3,771

-16,978

-14,265

-15,737

-13,941

0

0

0

Share-based compensation

19,714

21,540

21,916

21,333

20,699

18,930

17,825

16,196

13,657

12,557

12,936

17,446

16,683

15,966

0

0

0

-

-

-

-

-

-

-

-

6,267

6,183

7,002

6,813

6,303

6,124

5,389

6,572

6,648

0

0

0

Interest and loss on valuation of investment securities

-5,812

-5,000

-5,000

-3,426

-4,086

-3,050

-14,220

-9,771

-9,541

-5,585

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of contingent consideration

14,740

29,140

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for inventory obsolescence

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Excess income tax benefit on employee stock-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

82

-1,219

-54

1,487

1,020

2,483

1,889

763

1,737

0

0

0

Other

-1,103

-2,433

-1,900

-1,263

-2,011

-1,633

-1,615

-1,673

-1,364

-1,398

-1,221

-861

37

-1,061

0

0

0

-

-

-

-

-

-

-

-

-4,536

-6,986

-12,568

-6,995

-4,798

2,359

3,455

857

-2,298

0

0

0

Changes in operating assets and liabilities, net of effects of acquisitions
Accounts receivable

2,298

11,037

6,779

6,878

808

3,706

2,485

3,138

9,413

6,562

9,797

5,838

5,609

-392

0

0

0

-

-

-

-

-

-

-

-

-28,562

-33,415

-15,179

-3,960

11,128

-8,222

-516

35

-6,645

0

0

0

Inventories

4,083

5,712

2,177

-2,058

-5,557

-9,698

-5,949

-725

11,231

15,645

13,360

13,429

6,097

5,284

0

0

0

-

-

-

-

-

-

-

-

3,213

9,486

14,132

980

384

-2,130

-1,988

6,257

12,705

0

0

0

Escrow receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

41,537

9,561

9,301

9,263

-32,562

0

0

0

Prepaid expenses and other current assets

5,621

3,698

988

4,475

1,866

1,127

6,231

8,480

3,983

6,352

-2,646

-2,560

227

-701

0

0

0

-

-

-

-

-

-

-

-

-8,764

7,399

11,294

18,443

14,575

844

-612

-9,086

-2,382

0

0

0

Other long-term assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,329

0

0

0

-

-

-

0

-

-

-

-

Accounts payable

283

2,138

3,065

5,303

6,172

-170

1,769

-573

-3,149

2,324

-1,713

158

2,595

-1,771

0

0

0

-

-

-

-

-

-

-

-

-2,280

-4,438

6,490

1,369

4,575

5,487

-733

-1,904

2,322

0

0

0

Charges related to U.S. Government resolutions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

89,101

0

0

0

Other current liabilities

3,390

-7,716

5,914

-1,089

-8,692

-7,563

-12,903

-6,617

531

-11,412

-10,604

-23,534

-7,822

6,537

0

0

0

-

-

-

-

-

-

-

-

6,969

2,370

5,017

143

-5,239

-718

4,375

-5,739

3,516

0

0

0

Payment of contingent consideration

-

1,340

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other long-term assets and liabilities

17,591

2,014

8,628

8,732

7,732

4,130

-5,504

-7,605

-7,355

-6,095

-5,604

-997

-865

-1,704

0

0

0

-

-

-

-

-

-

-

-

-40

0

0

0

-

-

-

-

-

-

-

-

Net cash from operating activities

45,536

32,033

41,179

45,230

52,439

49,918

58,676

56,646

46,311

38,972

29,805

33,061

43,531

59,076

55,467

56,029

45,713

43,610

41,737

42,244

63,919

51,164

51,105

50,779

41,776

67,042

-6,330

-13,458

-23,751

10,162

93,529

99,084

94,918

64,730

0

0

0

Cash flows from investing activities
Acquisition of a business

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of debt securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,250

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,800

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of business, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,250

0

0

0

Capital expenditures for property, plant and equipment

18,639

18,997

17,743

17,405

15,404

13,592

12,810

13,412

13,775

14,665

14,939

13,867

14,070

16,432

19,151

23,304

28,206

27,197

27,725

25,424

19,452

18,069

16,684

18,099

22,449

24,787

29,209

28,026

27,651

27,994

26,351

26,796

25,790

24,965

0

0

0

Capital expenditures for intangible assets

1,913

1,527

1,670

1,537

1,330

1,664

1,572

1,595

2,706

2,283

2,424

2,704

1,770

1,902

1,810

1,375

979

702

505

420

449

456

536

4,359

4,893

4,891

4,883

1,217

673

780

720

672

838

793

0

0

0

Asset acquisitions and other investments

-2,760

2,400

6,400

6,700

6,631

1,448

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other investing activities

-

-

-

-

-

-

-

-

-

-

-474

-474

2,139

3,613

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from sale of other investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

Net cash from investing activities

-35,792

-22,924

-26,358

-26,187

-67,659

-60,998

-59,579

-59,904

-17,698

-16,474

-16,889

-16,097

-17,979

-21,947

-24,574

-28,292

-30,185

-38,349

-38,680

-37,751

-31,808

-19,950

-18,787

-23,024

-28,178

-31,052

-35,160

-29,174

125,107

125,163

126,234

125,156

-27,096

-31,476

0

0

0

Proceeds from issuance of common shares

6,168

11,551

8,055

8,207

9,053

7,100

7,372

7,917

8,285

7,783

6,309

10,174

17,840

19,720

21,836

18,436

9,300

5,254

3,847

3,200

7,242

11,074

10,352

10,782

6,849

3,450

4,611

14,434

21,088

25,586

25,629

20,000

19,428

20,113

0

0

0

Payments related to withholdings for share-based compensation

3,031

5,193

5,294

5,359

5,207

3,425

2,523

2,324

2,237

3,800

3,732

3,465

3,472

2,407

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of contingent consideration

-

13,660

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments related to finance lease obligation

358

365

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other financing activities

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of long-term debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

188,695

192,445

173,695

10,000

7,500

0

0

0

Repayment of bank borrowings, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-277

-482

-1,381

-1,297

-955

-1,739

-606

-2,561

0

0

0

Changes in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

34,424

34,785

45,168

-7,993

-10,662

-12,027

-24,502

10,268

-2,375

44,647

52,351

49,929

25,799

-30,109

-47,724

-54,007

-24,178

0

0

0

Repurchase and retirement of common shares

-

-

-

-

-

-

-

-

-

-

-

-

-

63,425

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash payment for purchase of minority interest in subsidiary

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

517

0

0

0

Excess income tax benefit on employee stock-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

202

40

33

82

-1,219

-54

709

1,020

2,483

1,889

1,541

1,737

0

0

0

Net cash from financing activities

23

-10,688

-12,605

-12,273

-11,100

2,993

3,928

4,792

5,438

3,538

-5,852

-12,831

-22,593

-46,112

-47,304

-42,246

-5,932

24,728

34,658

27,770

-21,335

-20,200

-21,473

-26,306

-22,345

-38,353

8,268

19,381

-114,600

-137,587

-195,397

-201,269

-44,402

-13,664

0

0

0

Effect of exchange rate changes on cash

-707

-207

-955

-313

-1,528

-881

-708

-178

1,353

1,180

37

-285

-1,153

-739

-459

-955

466

-3,141

-3,846

-5,236

-6,109

-3,123

-1,749

1,101

990

520

843

-5

-471

286

-278

-831

-218

-408

0

0

0

Net change in cash, cash equivalents, and restricted cash

9,060

-1,786

1,261

6,457

-27,848

-8,968

2,317

1,356

35,404

27,216

7,101

3,848

1,806

-9,722

-16,870

-15,464

10,062

26,848

33,869

27,027

4,667

7,891

9,096

2,550

-7,757

-1,843

-32,379

-23,256

-13,715

-1,976

24,088

22,140

23,202

19,182

0

0

0

Supplemental disclosure of cash flow information:
Noncash investing activities:
Intangible assets acquired in asset acquisitions

-

-

-

-

-

2,015

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-