OMNICELL, INC OMCL Cash Flow

Omnicell, inc (OMCL)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Operating Activities
Net income
69,365	61,338	54,036	47,681	38,293	37,729	54,161	48,281	43,573	30,518	8,603	2,838	-201	9,756	8,101	14,154	24,064	30,760	32,341	31,604	30,642	30,518	28,105	28,561	26,788	23,979	22,688	21,853	17,212	16,178	14,784	10,858	12,070	10,389	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
54,965	53,559	53,385	52,395	51,677	51,350	50,459	50,398	51,373	51,511	52,999	55,107	56,337	58,362	51,087	42,859	34,401	25,639	24,024	22,858	21,371	20,272	19,338	18,512	18,505	18,365	17,810	17,236	15,462	13,325	11,410	9,522	8,466	7,983	0	0	0
Loss on disposal of property and equipment
-90	-445	-433	-532	-488	-133	0	0	0	-	-	-	-	-35	-115	-244	-247	-238	-60	40	20	-167	-277	-406	-495	-345	-327	-188	-97	-66	-28	-19	-10	0	0	0	0
Impairment of equity investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,759	1,759	1,759	1,759	0	0	0	0	-	-	-	-
Provision for receivable allowance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	850	483	198	110	282	310	786	582	782	223	-168	-155	0	0	0
Share-based compensation expense
36,298	34,049	33,209	31,789	30,767	28,885	26,393	24,567	22,874	21,857	21,752	21,170	21,120	19,500	17,717	17,006	15,147	14,921	15,442	14,637	13,721	12,785	11,374	10,987	10,954	11,151	10,820	10,407	9,933	9,214	9,026	9,076	9,314	9,499	0	0	0
Income tax benefits from employee stock plans
-	-	-	-	-	-	-	-	-	11	458	1,033	1,550	1,703	1,953	2,129	3,877	4,535	5,143	5,399	8,209	5,370	4,934	4,895	217	2,576	-2,458	-1,632	-2,356	-2,527	2,027	1,138	2,967	3,597	0	0	0
Excess tax benefits from employee stock plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,320	5,667	4,698	5,834	5,302	5,741	5,405	3,673	3,673	3,539	3,166	3,182	2,729	2,330	3,596	3,946	0	0	0
Provision for excess and obsolete inventories
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	395	364	437	856	796	882	686	394	1,057	501	926	1,112	0	0	0
Foreign currency remeasurement loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-195	-129	-210	0	0	0
Deferred income taxes
-5,563	-1,339	7,167	4,760	2,498	-5,705	-31,032	-26,298	-27,667	-31,365	-9,526	-12,956	-12,895	-5,111	-3,624	-3,252	-2,495	-1,092	-2,140	-1,175	2,062	1,402	2,831	1,905	1,564	787	3,065	2,995	1,766	2,718	-225	545	1,002	589	0	0	0
Amortization of operating lease right-of-use assets
10,642	10,562	7,917	5,226	2,602	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt issuance costs
1,845	2,204	2,318	2,300	2,327	2,300	2,108	1,905	1,776	1,600	1,590	1,590	1,590	1,590	1,192	795	397	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Accounts receivable and unbilled receivables
30,341	21,540	-2,271	30,912	12,811	6,192	34,042	24,064	62,872	40,598	-12,999	-16,649	-32,644	-9,932	18,153	-1,960	13,380	17,941	12,420	25,126	10,375	21,858	29,633	19,260	10,017	3,609	11,212	17,781	19,753	9,311	-2,046	-5,960	-2,631	-5,863	0	0	0
Inventories
10,921	8,123	8,490	1,440	2,818	6,763	9,186	24,403	26,788	26,840	18,559	8,669	5,182	3,362	4,879	7,318	13,239	10,032	12,239	7,338	396	-1,960	-604	5,546	5,287	5,410	5,101	2,072	-1,908	-2,536	-1,325	-3,437	2,520	9,434	0	0	0
Prepaid expenses
420	-2,909	2,423	1,413	-4,113	308	3,174	2,922	5,768	4,920	-4,424	-4,594	2,290	386	7,670	9,037	675	-4,049	-626	-1,794	94	4,296	815	811	329	3,491	3,105	4,319	6,145	4,897	3,305	1,041	-1,872	-1,464	0	0	0
Other current assets
1,415	2,010	976	-2,623	-2,540	-1,170	-6,179	4,559	3,445	2,074	6,137	969	1,043	1,093	470	791	162	-638	340	42	-1,204	-53	-3,372	-3,074	-478	-1,566	2,429	1,819	-114	1,114	-1,280	-493	249	594	0	0	0
Investment in sales-type leases
1,326	3,699	5,068	4,254	2,830	1,680	1,750	695	-4,014	-6,625	-2,300	-2,401	-409	9,639	6,737	11,572	13,874	4,661	2,849	-779	-1,572	-1,048	-1,087	-2,185	-1,041	-1,723	1,348	3,214	1,382	4,154	1,374	454	1,503	-1,036	0	0	0
Prepaid commissions
2,312	2,719	4,793	5,987	4,033	4,711	3,192	2,708	2,378	3,966	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other long-term assets
3,522	-4,528	-3,055	1,219	198	7,077	6,811	3,548	-6,389	1,373	7,036	6,774	15,800	5,133	-1,402	-1,451	-1,813	-496	-184	-133	-36	-297	-683	-987	-1,269	-630	3,511	3,933	4,262	3,831	433	-97	-23	-339	0	0	0
Accounts payable
8,334	7,893	9,601	5,141	29	-9,154	-12,447	-15,877	-811	19,709	13,181	11,658	4,573	-4,963	2,859	2,531	-3,473	-2,841	-3,936	481	128	1,611	-2,826	1,506	1,775	-1,784	6,082	1,772	2,265	1,751	-1,291	-4,197	-3,260	-2,242	0	0	0
Accrued compensation
5,934	2,495	546	2,451	-576	14,419	5,573	-83	955	519	-707	2,267	-4,211	-2,052	2,284	-168	4,892	-2,032	1,800	2,526	5,046	270	195	4,455	5,070	7,991	4,746	-2,084	-779	4,285	1,068	5,201	1,345	-403	0	0	0
Accrued liabilities
5,652	3,045	12,003	12,607	4,074	8,223	1,844	-356	8,774	4,383	2,635	1,073	-3,819	-3,287	-1,053	-2,491	3,155	5,456	10,536	8,840	8,482	5,512	-689	2,117	969	1,758	4,424	6,059	1,859	674	-2,369	-2,402	-2,240	-342	0	0	0
Deferred revenues
14,324	5,445	-2,094	-2,063	-4,109	3,020	15,920	6,414	4,313	-2,334	-23,997	-10,245	-6,130	-1,938	12,667	-3,742	13,699	-5,521	5,668	14,163	6,418	13,687	3,135	4,016	836	82	394	1,171	2,141	2,914	2,489	1,767	2,720	3,596	0	0	0
Operating lease liabilities
-10,155	-10,040	-7,887	-5,269	-2,669	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred gross profit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,336	5,395	-1,832	-815	5,619	10,872	11,061	6,562	7,426	3,178	4,868	2,491	0	0	0
Other long-term liabilities
2,241	6,006	3,456	2,059	2,278	-1,665	-831	117	694	1,069	-3,100	-2,747	-3,057	-6,264	-2,149	-2,086	-2,372	-683	178	25	583	1,849	590	966	488	367	1,715	1,766	1,986	2,247	1,472	1,425	1,083	664	0	0	0
Net cash provided by operating activities
143,742	145,008	157,640	116,999	111,607	103,966	60,700	26,637	15,508	24,834	44,518	71,937	56,075	49,900	58,584	45,183	49,179	38,486	36,780	49,932	75,360	65,163	48,841	59,456	52,248	55,263	52,744	41,954	36,327	39,484	44,091	42,738	35,417	31,243	0	0	0
Investing Activities
Purchases of short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-
Purchase of intangible assets, intellectual property, and patents
-	-	-	-	-	-	-	-	-	160	221	347	458	1,372	1,395	1,375	1,386	415	422	361	291	327	367	483	447	356	295	188	331	373	402	415	301	235	0	0	0
Software development for external use
44,655	45,770	42,593	40,167	37,122	30,677	27,132	21,383	16,087	15,040	13,900	14,415	15,503	14,348	13,256	12,686	12,245	12,132	11,873	10,973	10,408	10,353	9,992	10,074	8,764	7,761	7,604	6,808	6,927	5,028	3,787	2,518	2,369	4,192	0	0	0
Purchases of property and equipment
14,087	15,894	17,070	18,081	19,409	23,697	25,226	23,833	22,157	15,341	12,814	14,000	11,636	13,445	11,466	9,716	10,755	7,542	7,852	8,351	10,419	11,922	14,669	13,959	11,586	12,335	13,377	16,744	16,982	15,120	11,437	8,008	7,699	8,685	0	0	0
Business acquisitions, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	312,158	271,510	273,340	296,965	25,507	0	0	0	-	-	-	-	-	-	-	-	156,312	0	0	0	-	-	-	-
Net cash used in investing activities
-58,742	-61,664	-59,663	-58,248	-56,531	-54,374	-52,358	-45,216	-42,690	-34,987	-72,081	-73,908	-68,297	-341,323	-297,627	-297,117	-321,351	-45,596	-46,576	-64,033	-41,841	-43,325	-44,777	-24,516	-20,797	-20,452	-21,276	-23,740	-172,430	-168,711	-163,816	-167,228	-10,323	-13,066	0	0	0
Financing Activities
Repayment of debt and revolving credit facility
101,000	90,000	110,000	124,500	113,500	77,000	29,500	44,500	65,000	102,500	109,500	82,500	54,500	34,500	25,000	22,500	20,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment for contingent consideration
-	-	-	-	-	0	0	0	0	-	-	-	-	3,000	3,000	3,000	3,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
At the market equity offering, net of offering costs
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuances under stock-based compensation plans
37,839	40,706	37,911	39,827	41,596	30,611	31,382	30,455	28,746	30,121	27,643	24,835	23,458	17,691	17,942	16,298	16,016	17,091	19,303	19,414	18,395	21,795	21,023	27,150	28,195	26,886	27,433	18,112	15,260	10,190	6,957	6,801	7,034	6,787	0	0	0
Employees’ taxes paid related to restricted stock units
9,175	9,670	8,917	8,435	7,395	6,775	6,407	6,316	6,140	5,892	4,706	4,565	4,160	3,490	3,259	3,144	3,209	3,627	4,006	4,061	4,195	3,744	4,246	3,952	2,361	2,223	0	0	0	-	-	-	-	-	-	-	-
Excess tax benefits from employee stock plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,320	5,667	4,698	5,834	5,302	5,741	5,405	3,673	3,673	3,539	3,166	3,182	2,729	2,330	3,596	3,946	0	0	0
Common stock repurchases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,091	38,014	25,031	25,031	20,962	0	5,303	12,363	12,363	14,376	11,633	7,844	12,573	0	0	0
Net cash used in financing activities
-57,067	-23,479	-3,633	-15,735	-19,516	-13,597	29,269	38,033	26,000	-9,877	-11,963	-12,230	4,790	263,752	229,792	206,546	185,694	-36,557	-36,443	-24,023	-1,124	-206	-15,935	3,908	6,208	7,374	29,865	15,107	4,611	-232	-4,690	-2,502	2,786	-1,840	0	0	0
Effect of exchange rate changes on cash and cash equivalents
-1,097	153	-1,241	-1,702	-2,089	-1,227	-903	-222	-1,393	-2,034	-295	108	293	-58	-1,219	-1,611	412	-4	-191	-227	-400	-275	-132	197	82	33	39	-58	-111	10	-70	-195	-129	-210	0	0	0
Net increase (decrease) in cash and cash equivalents
26,836	60,018	93,103	41,314	33,471	34,768	36,708	19,232	-2,575	-22,064	-39,821	-14,093	-7,139	-27,729	-10,470	-46,999	-86,066	-43,671	-46,430	-38,351	31,995	21,357	-12,003	39,045	37,741	42,218	61,372	33,263	-131,603	-129,449	-124,485	-127,187	27,751	16,127	0	0	0
Supplemental disclosure of non-cash activities
Unpaid purchases of property and equipment
403	913	1,491	942	1,901	1,123	1,193	1,942	1,502	1,691	184	294	643	246	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Property and equipment transferred to inventory
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfers between inventory and property and equipment, net
-	-	-	-	-	2,032	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right-of-use assets obtained in exchange for new operating lease liabilities
1,565	1,204	957	557	431	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of adoption of ASU No. 2016-09, Compensation - Stock Compensation (Topic 718)
-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Satisfaction of acquired legal contingency with indemnification asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,200	0	0	0