PLANTRONICS INC /CA/ PLT Cash Flow

Plantronics inc /ca/ (PLT)

CashFlow / TTM

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	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss
-170,854	-134,104	-194,903	-135,561	-104,117	-111,888	-5,226	-869	8,794	80,519	81,040	82,599	76,062	70,129	67,551	68,392	81,236	95,332	104,857	112,301	114,420	118,419	114,136	112,417	113,183	107,006	109,792	106,402	101,579	104,271	105,868	109,036	111,466	112,120	110,028	109,243	107,151	98,849	72,674	57,378	0	0	0
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization
231,236	228,797	253,819	201,369	148,047	98,081	21,044	21,178	21,247	21,455	21,213	20,977	20,928	20,588	20,302	20,142	19,574	19,442	19,073	18,711	17,870	16,763	16,082	15,566	15,786	16,230	16,541	16,219	15,536	14,791	14,084	13,760	15,274	15,359	15,745	16,275	15,340	15,739	16,751	18,144	0	0	0
Amortization of debt issuance costs
5,467	5,546	5,592	4,593	3,551	2,494	1,450	1,450	1,450	1,450	1,450	1,450	1,450	1,450	1,449	1,208	845	483	121	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
52,724	50,541	46,688	41,934	38,621	34,931	32,853	33,959	34,581	35,241	34,382	33,539	33,671	32,699	33,628	33,265	32,071	31,784	30,339	28,594	27,306	25,919	24,497	23,180	21,173	19,821	18,718	18,350	18,387	18,275	17,922	17,481	17,175	16,772	16,275	15,873	15,786	15,338	14,852	14,577	0	0	0
Income tax benefit associated with stock option exercises
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	7,189	4,233	4,311	3,669	0	0	0
Excess tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,832	4,986	4,919	3,520	3,213	2,257	2,078	4,659	6,226	6,129	6,155	2,722	2,826	4,362	4,613	7,043	5,994	8,200	7,669	5,747	8,252	3,872	2,911	2,247	0	0	0
Deferred income taxes
-76,116	-80,678	-87,709	-49,932	-43,013	-14,976	5,490	7,464	10,586	1,228	1,059	-657	-11,229	-8,599	-7,547	-8,291	-449	58	451	-980	-4,689	-9,337	-8,801	-5,813	2,544	7,179	7,125	984	-772	1,366	-1,792	-3,497	1,623	-1,889	136	1,030	-7,973	-3,000	-12,274	-12,449	0	0	0
Provision for (benefit from) doubtful accounts and sales allowances
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	652	453	-243	0	0	0
Provision for excess and obsolete inventories
21,581	8,182	8,534	7,386	6,324	5,364	3,539	3,456	2,681	1,186	1,717	1,960	2,403	3,020	2,800	2,430	1,258	1,450	954	931	711	1,422	2,734	4,138	4,689	3,958	3,109	1,576	1,191	1,800	2,150	2,222	2,772	2,178	1,694	1,099	804	1,444	-136	418	0	0	0
Restructuring Charges
59,079	49,485	50,899	32,694	20,724	8,510	1,198	2,451	3,679	3,876	3,512	-109	6,377	14,697	15,112	16,160	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash payments for restructuring charges
48,126	45,017	46,286	29,463	11,253	7,908	1,872	2,942	3,119	2,694	3,118	4,001	14,178	14,121	13,173	10,385	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of premium on investments, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-1,478	-1,427	-1,009	-578	0	0	0	-	-	-	-
Non-cash charges for restructuring and other related items
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	6,261	0	0	0
Other operating activities
-3,771	-9,524	-11,879	-9,640	-9,410	-9,846	1,082	305	-1,670	-2,656	-5,371	-2,948	-2,417	-3,794	-1,223	-7,680	-4,224	-2,953	-2,768	1,188	-575	868	-952	-1,436	-1,955	-2,184	-3,062	-2,249	-4,007	-3,871	-3,116	-2,995	-653	-195	-85	5	-600	-808	-425	-384	0	0	0
Changes in assets and liabilities, net of acquisition:
Accounts receivable, net
-60,265	-17,334	-5,836	10,307	45,023	37,347	13,401	12,238	3,599	4,282	2,900	13,894	6,282	-2,904	4,663	-8,445	-24,030	-3,079	-25,482	-4,272	23,076	15,850	29,683	11,136	21,659	18,261	14,870	16,335	4,239	4,640	-656	9,402	-1,256	8,038	13,429	15,086	48,880	26,358	12,028	-388	0	0	0
Inventory, net
67,520	79,146	49,091	7,182	-7,286	-8,915	11,468	13,309	7,378	8,533	4,546	3,791	4,281	-2,421	487	-1,357	-696	-3,081	-4,469	-128	-8,255	-5,473	-1,829	-6,040	4,003	11,133	9,430	14,811	9,738	2,234	3,094	-606	-3,583	-7,238	-19,018	-12,962	-60,835	-45,759	-29,347	-27,620	0	0	0
Current and other assets
-24,433	-42,792	-43,264	-30,747	-31,042	634	-3,205	2,480	-666	822	646	-1,386	2,687	746	-1,592	605	952	4,627	7,267	5,368	4,151	917	318	-1,355	302	5,497	2,672	6,056	6,088	877	327	67	1,003	1,476	3,773	2,280	-2,940	-2,442	-3,619	-2,868	0	0	0
Accounts payable
-23,551	17,941	34,362	3,658	16,620	20,306	7,583	2,884	3,534	3,462	-1,689	4,377	3,289	511	7,504	5,407	3,287	796	-1,099	-62	6,423	9,414	4,024	-6,311	-9,284	-935	2,900	2,778	14,199	5,160	2,353	131	-566	5,397	-3,196	10,216	-9,181	-14,600	-5,438	-9,048	0	0	0
Accrued liabilities
-57,990	-7,528	25,109	61,593	84,208	44,729	7,003	-4,164	-8,626	-6,572	-3,837	13,260	15,030	14,771	9,840	4,998	-6,805	8,942	-1,192	500	1,658	-4,304	2,339	-418	7,189	6,315	3,798	9,641	6,772	1,900	-670	-4,303	-1,672	4,056	4,704	9,873	-763	-1,326	1,882	-1,001	0	0	0
Income taxes
-1,240	-6,606	-15,679	-45,122	-3,405	83,982	90,029	84,613	66,871	-6,242	-11,212	-657	7,835	4,045	-111	206	-5,531	-8,932	-5,663	119	7,109	11,492	10,629	5,149	-676	2,345	-153	7,226	9,451	7,344	15,260	18,529	18,526	12,167	4,320	4,209	5,878	7,742	9,675	11,205	0	0	0
Cash provided by operating activities
13,159	77,063	92,314	116,047	159,022	144,405	140,345	121,148	133,037	121,928	121,796	139,387	134,105	150,713	137,411	150,409	158,085	148,855	168,374	154,438	149,745	155,916	136,889	141,491	124,369	123,083	131,445	125,501	146,231	143,892	149,421	140,448	159,234	157,527	145,408	158,232	141,420	148,539	138,012	143,729	0	0	0
CASH FLOWS FROM INVESTING ACTIVITIES
Proceeds from sales of investments
5,678	6,830	6,830	131,300	268,963	291,320	300,644	197,575	67,846	62,457	104,288	157,066	189,258	203,192	160,491	102,517	80,455	100,007	107,490	96,129	85,296	58,235	76,613	102,414	108,075	96,544	71,429	56,471	58,028	47,486	41,398	88,489	73,323	70,844	67,732	28,034	27,250	27,250	27,250	4,000	0	0	0
Proceeds from maturities of investments
0	0	0	131,017	195,691	236,019	284,382	211,663	193,828	186,900	168,037	144,092	142,522	120,612	106,092	97,164	70,150	79,560	94,955	120,430	144,920	164,260	153,655	137,955	161,660	178,195	191,720	184,115	180,565	166,913	178,409	189,131	233,231	197,603	152,812	114,495	67,495	85,000	110,000	145,000	0	0	0
Purchase of investments
1,096	1,092	1,079	822	141,139	239,868	290,396	373,281	285,783	242,034	277,002	300,434	342,001	431,378	363,497	300,620	249,366	178,379	204,980	216,013	238,276	230,226	245,101	247,355	252,052	309,221	280,337	258,278	0	0	0	-	225,858	287,201	331,337	263,260	209,874	124,832	59,990	84,990	0	0	0
Prepaid Acquisition consideration
-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for acquisition, net of cash acquired
0	-8,001	1,608,691	1,642,241	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of long-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	5,600	5,600	5,600	664	0	0	0	-	-	-	-
Purchase of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	256,652	241,173	267,895	95,106	79,325	84,015	48,870	0	0	0	-	-	-	-
Capital expenditures
27,633	28,522	27,436	26,797	19,213	13,251	13,289	12,468	12,976	15,737	18,644	23,176	29,287	31,760	34,274	30,661	23,725	21,635	18,616	21,962	32,542	37,191	45,283	50,985	47,589	44,997	35,747	39,310	33,476	30,622	31,782	19,140	21,609	22,484	19,595	18,667	14,023	9,486	7,560	6,262	0	0	0
Proceeds from sale of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Cash used for investing activities
-20,909	-12,641	-1,630,376	-1,407,543	-1,337,939	-1,376,022	247,791	23,489	-37,085	-8,414	-23,321	-22,452	-39,508	-139,334	-131,188	-131,600	-122,486	-20,447	-21,301	-21,566	-40,752	-45,072	-60,116	-57,971	-29,906	-47,731	-46,438	-58,928	-66,909	-54,162	-25,069	-9,415	-30,377	-104,272	-198,112	-176,913	-142,534	-27,686	79,685	67,896	0	0	0
CASH FLOWS FROM FINANCING ACTIVITIES
Payments for Repurchase of Common Stock
-	-	-	-	-	-	-	52,948	52,915	46,630	29,089	34,236	48,853	51,001	231,588	497,393	568,272	567,242	384,945	112,939	56,343	77,258	87,326	85,654	57,059	31,314	18,224	23,931	68,296	109,654	199,596	273,791	264,373	229,610	152,484	105,522	91,138	105,164	92,913	49,652	0	0	0
Payment, Tax Withholding, Share-based Payment Arrangement
9,876	10,009	9,670	14,070	14,106	13,982	13,944	11,429	11,478	11,402	11,429	9,736	9,708	9,692	9,957	11,068	11,109	11,875	11,727	7,611	7,514	8,088	7,983	6,222	6,213	5,687	5,783	3,047	2,987	3,445	3,181	2,596	2,577	1,012	899	194	0	0	0	-	-	-	-
Equity forward contract related to accelerated share repurchase program
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-
Proceeds from sale of treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,044	4,048	3,618	3,623	0	0	0
Proceeds from issuances under stock-based compensation plans
7,422	7,474	5,761	15,730	25,406	26,849	25,281	23,927	22,132	21,400	23,673	15,202	12,046	12,065	13,040	15,384	15,075	20,689	23,287	23,042	22,277	16,842	13,724	24,055	38,373	38,614	43,709	31,865	29,142	38,347	32,927	43,123	36,670	59,886	58,150	54,301	66,853	38,026	39,579	32,581	0	0	0
Proceeds from debt issuance, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	488,401	488,401	488,401	489,670	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of cash dividends
23,837	23,820	23,806	22,880	21,941	20,921	19,996	19,996	20,020	20,045	20,003	19,959	19,974	20,046	20,203	21,061	22,468	23,880	25,169	25,730	23,563	21,443	19,393	17,372	17,421	17,347	17,193	17,072	14,912	12,810	10,860	9,040	9,324	9,585	9,674	9,703	9,682	9,714	9,793	9,781	0	0	0
Proceeds from revolving line of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	155,749	190,249	190,249	190,249	34,500	0	0	0	-	-	-	-	18,000	33,000	69,000	86,500	68,500	0	0	0	-	-	-	-	-	-	-	-
Repayments of revolving line of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	190,249	190,249	190,249	190,249	0	0	0	0	-	-	-	-	55,000	52,500	57,500	44,500	31,500	0	0	0	-	-	-	-	-	-	-	-
Excess tax benefit from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,832	4,986	4,919	3,520	3,213	2,257	2,078	4,659	6,226	6,129	6,155	2,722	2,826	4,362	4,613	7,043	5,994	8,200	7,669	5,747	6,042	2,436	2,879	2,247	0	0	0
Cash (used for) by financing activities
-162,876	-167,720	1,100,647	1,107,128	1,229,259	1,222,933	-48,150	-60,446	-62,281	-56,677	-36,087	-47,968	-69,028	-71,063	-252,368	-60,237	-94,541	-88,921	96,035	-85,218	-61,930	-87,690	-98,900	-80,534	-56,094	-38,605	-33,336	-46,463	-61,246	-59,219	-115,225	-198,261	-208,624	-169,124	-116,123	-55,371	-23,955	-70,430	-56,630	-20,982	0	0	0
Effect of exchange rate changes on cash and cash equivalents
-709	-1,346	-1,723	-3,784	-2,479	-3,346	572	4,500	4,161	1,824	623	-2,263	-2,199	-697	-1,761	-156	-2,317	-2,880	-2,979	-3,508	-2,247	-905	1,034	942	509	1,304	33	-669	517	-957	-2,214	-810	-57	-185	3,523	1,464	-547	-164	-1,611	1,125	0	0	0
Net decrease in cash and cash equivalents
-171,335	-104,644	-439,138	-188,152	47,863	-12,030	340,558	88,691	37,832	58,661	63,011	66,704	23,370	-60,381	-247,906	-41,584	-61,259	36,607	240,129	44,146	44,816	22,249	-21,093	3,928	38,878	38,051	51,704	19,441	18,593	29,554	6,913	-68,038	-79,824	-116,054	-165,304	-72,588	-25,616	50,259	159,456	191,768	0	0	0
SUPPLEMENTAL NON-CASH DISCLOSURES
Accounts payable for purchases of property, plant, and equipment
-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for income taxes
23,868	36,706	16,770	44,917	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash investing activity - purchases of property, plant, and equipment for which payment has not yet been made
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Transfers of long-term investments to short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-