Verifone systems, inc. (PAY)
CashFlow / TTM
Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11Jan'11Oct'10Jul'10Apr'10Jan'10
Cash flows from operating activities
Consolidated net loss

-77,527

-150,440

-175,319

-183,452

-144,162

-51,157

-9,700

34,058

75,636

89,962

80,357

73,199

35,012

-6,217

-36,442

-315,559

-289,342

-322,808

-295,001

-19,320

20,349

80,787

66,303

237,311

226,038

247,891

282,696

133,738

125,771

120,734

99,324

0

0

0

Adjustments to reconcile consolidated net income (loss) to net cash provided by operating activities:
Depreciation and amortization

129,873

132,889

140,727

162,286

169,884

179,652

179,236

175,507

168,645

165,501

169,400

180,355

193,834

204,932

213,641

215,093

212,717

209,937

207,798

0

0

196,905

177,832

153,932

115,069

70,692

48,318

35,147

38,265

41,197

46,602

0

0

0

Stock-based compensation expense

37,771

40,431

40,013

39,439

40,970

41,371

42,278

42,934

43,265

40,558

42,253

45,250

47,315

50,320

53,897

57,738

54,072

52,224

48,851

0

0

46,209

44,554

43,208

39,114

37,409

34,144

32,029

29,141

23,820

21,066

0

0

0

Non-cash interest expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,290

14,425

16,653

15,989

15,695

15,306

15,003

14,726

14,479

0

0

0

Gain on bargain purchase of a business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

(Gain) Loss on adjustments to acquisition related balances, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Deferred income taxes, net

-3,831

1,371

835

-7,918

-8,613

-10,210

-13,980

-30,127

-29,461

-32,091

-31,574

0

0

0

-

-

-

-

-

-

-

-

-22,030

-244,354

-241,626

-235,205

-227,034

-12,659

-14,305

-16,252

-15,439

0

0

0

Gain on divestiture of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Write off of Deferred Debt Issuance Cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

Other

-14,825

-4,378

-5,483

-202

6,812

-3,090

6,225

-31,524

-28,220

-19,340

-11,974

20,268

20,428

34,189

16,811

17,723

12,509

-10,359

5,107

6,447

7,954

12,993

5,796

-11,462

-10,447

-3,243

-4,869

10,418

11,209

6,808

7,306

0

0

0

Net cash provided by operating activities before changes in operating assets and liabilities

189,907

176,687

159,797

137,584

139,438

186,860

222,817

255,060

267,343

269,614

273,486

293,005

272,938

250,144

217,085

162,372

158,689

89,900

109,659

150,787

203,969

301,431

271,153

215,984

165,695

143,610

158,688

193,756

185,632

175,202

158,726

0

0

0

Changes in operating assets and liabilities:
Accounts receivable, net

-12,645

-23,078

11,597

-31,085

-50,719

-48,593

-59,600

28,528

52,785

74,347

75,432

45,696

48,089

37,405

29,518

30,263

-17,481

-88,357

-84,299

0

0

57,864

53,945

69,082

33,678

41,933

72,386

56,771

42,609

-7,750

-37,405

0

0

0

Inventories

-8,664

-12,059

-30,402

-38,529

-1,500

18,051

45,679

63,034

28,166

5,539

16,415

21,785

27,069

25,191

-9,454

-44,061

-53,288

-50,371

-26,784

0

0

25,352

19,274

-10,711

-20,042

-15,756

-23,224

-9,201

-11,203

10,324

14,373

0

0

0

Prepaid expenses and other assets

29,146

38,259

8,600

-15,937

-15,519

-16,894

-4,475

20,489

19,862

20,518

18,092

23,206

13,685

7,802

-10,154

-15,066

624

-5,031

8,462

0

0

10,992

19,854

11,100

2,720

-2,805

1,824

20,584

21,069

31,200

27,290

0

0

0

Accounts payable

13,332

11,831

-7,561

-34,234

-66,196

-55,561

-39,571

39,101

49,890

48,520

41,206

22,907

34,934

40,596

47,389

27,966

-5,681

-42,467

-77,004

0

0

3,418

31,802

20,857

-17,014

13,285

29,461

21,658

-16,696

-22,120

-26,636

0

0

0

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

Accrued compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

Accrued warranty

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

0

Deferred revenue, net

-14,516

-9,413

-6,984

6,147

6,893

20,464

28,708

31,037

30,933

20,095

12,707

9,406

13,932

10,088

20,042

13,985

6,745

-10,449

22

0

0

26,902

27,316

41,091

38,878

44,054

14,801

10,795

12,096

10,278

12,521

0

0

0

Other current and long-term liabilities

-16,465

-3,039

10,509

11,982

12,535

-23,567

-32,914

-3,330

20,618

35,673

30,669

-14,163

-24,911

-22,173

-75,539

-30,842

-37,574

34,195

101,172

82,281

75,600

1,683

-19,235

-10,179

6,488

-971

22,609

21,925

13,070

501

15,673

0

0

0

Net change in operating assets and liabilities

25,486

3,743

-6,169

-69,446

-20,970

11,228

25,381

45,243

-628

-3,884

25,357

72,537

64,888

41,887

18,018

-39,973

-33,635

-125,038

-126,811

0

0

62,205

53,190

0

0

0

-

-

-

-

-

-

-

-

Net cash provided by operating activities

164,421

172,944

165,966

207,030

160,408

175,632

197,436

209,817

267,971

273,498

248,129

220,468

208,050

208,257

199,067

202,345

192,324

214,938

236,470

0

0

239,226

217,963

198,282

168,663

176,332

174,573

175,692

148,863

131,119

156,026

0

0

0

Cash flows from investing activities
Capital expenditures

58,445

61,003

67,324

75,866

83,401

94,212

105,335

110,249

115,964

117,522

106,492

100,704

91,982

83,651

85,011

80,022

77,224

77,681

77,535

0

0

75,960

63,181

50,078

36,495

20,506

14,811

14,833

13,274

11,981

11,578

0

0

0

Software development costs capitalized

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Acquisitions of businesses, net of cash and cash equivalents acquired

-

-

-

-

-

-

172,219

180,652

180,840

110,811

22,072

0

0

0

-

-

-

-

-

-

-

-

1,069,412

1,107,887

1,104,756

1,107,018

49,231

18,996

12,633

19,866

10,136

0

0

0

Divestiture of business

24,977

23,969

1,469

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Other investing activities, net

-2,656

3,007

1,878

-748

2,252

-3,716

-2,365

-1,932

-138

132

-115

-4,811

-4,560

-4,531

-7,118

-3,148

-3,342

-6,193

-8,713

0

0

-19,684

-14,559

-1,234

-1,256

-1,141

-873

0

0

0

-

-

-

-

Cash placed in escrow for Convertible Notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Payments of acquisition-related contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,605

0

0

0

-

-

-

-

-

-

-

-

Proceeds from disposal of property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Net cash provided by (used in) investing activities

-35,785

-45,014

-72,706

-78,622

-81,668

-173,976

-275,189

-288,969

-296,666

-228,465

-128,449

-109,532

-98,366

-79,120

-77,893

-75,734

-137,837

-147,396

-144,730

0

0

-58,171

-1,118,034

-1,144,136

-1,139,995

-1,126,383

-63,169

-30,712

-24,873

-36,141

-25,099

0

0

0

Cash flows from financing activities
Proceeds from debt, net of issuance costs

1,219,810

339,085

276,085

285,384

298,691

398,000

560,378

555,378

475,363

337,378

125,000

78,337

1,042,528

1,022,528

1,099,434

1,081,097

180,027

207,653

123,174

369,304

278,602

253,827

1,660,577

1,414,447

1,412,028

1,409,250

73

0

0

0

-

-

-

-

Repayments of debt

1,251,915

418,712

385,744

396,824

387,900

446,131

453,054

401,963

366,701

261,220

198,289

191,330

1,148,359

1,168,992

1,260,794

1,284,068

523,280

502,419

399,043

576,833

337,865

330,082

619,336

359,407

347,405

316,635

10,233

13,094

9,302

9,861

14,606

0

0

0

Repayments of senior convertible notes, including interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

279,159

0

0

0

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock through employee equity incentive plans

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

30,308

36,065

38,511

40,668

48,534

47,625

45,645

26,754

12,797

0

0

0

Stock repurchases

50,000

50,000

0

0

0

0

79,866

150,000

150,000

150,000

70,134

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other financing activities, net

-2,510

-2,572

-2,798

-2,798

-2,359

-3,668

-3,099

8,294

8,691

9,770

9,865

-2,484

-2,336

-7,897

-2,095

-2,119

-1,975

6,080

-1,690

0

0

0

-

-

-

-

-

-

-

0

-

-

-

-

Distribution to noncontrolling interest stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Net cash used in financing activities

-84,615

-132,199

-112,457

-116,718

-94,026

-52,797

24,359

2,368

-39,666

-66,949

-133,558

-99,031

-73,694

-115,102

-128,071

-173,175

-330,508

-288,559

-277,432

0

0

-81,030

768,146

786,623

808,665

854,289

38,674

34,486

24,140

8,320

-10,382

0

0

0

Effect of foreign currency exchange rate changes on cash, cash equivalents and restricted cash

5,237

11,736

3,745

-11,743

-1,178

-10,900

-3,294

-2,359

-9,587

-7,402

-29,214

-33,564

-31,600

-22,679

-11,136

1,060

-103

-6,371

-160

-810

-4,607

-3,336

-8,565

-15,162

-7,838

-3,426

-653

4,272

4,424

1,252

-404

0

0

0

Net increase (decrease) in cash, cash equivalents and restricted cash

0

0

-

-

0

0

-

-

-

-23,522

-43,092

-21,659

4,390

-8,644

-18,033

-45,504

-276,124

-227,388

-185,852

-100,497

144,916

96,689

-140,490

-174,393

-170,505

-99,188

149,425

183,738

152,554

104,550

120,141

0

0

0

Supplemental disclosures of cash flow information
Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,808

0

0

0

Cash paid for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

12,561

0

0

0