Power integrations, inc. (POWI)
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'11Dec'10Sep'10Jun'10Mar'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss) Attributable to Parent

202,121

193,468

57,913

58,481

63,017

69,984

30,350

29,189

27,710

27,609

58,810

55,113

52,618

48,898

47,301

46,005

43,188

39,152

40,800

45,398

53,524

59,544

61,227

61,770

58,726

57,266

50,946

-10,114

-30,962

-34,404

-37,795

14,123

31,898

34,291

36,895

42,016

47,004

49,464

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation

20,078

19,200

18,793

18,640

18,579

18,900

19,446

19,622

19,219

18,400

17,465

16,760

16,609

16,812

16,899

16,918

16,747

16,464

16,270

16,104

15,945

15,884

15,875

15,967

16,084

16,088

15,892

15,597

15,499

15,256

15,461

15,527

15,422

15,372

14,704

14,013

13,262

12,341

0

0

0

Amortization of intangibles

5,062

5,200

5,173

5,115

5,207

5,300

5,436

5,590

5,836

6,100

6,243

6,402

6,483

6,663

6,843

6,963

7,045

7,039

6,596

6,213

6,002

6,072

6,601

7,094

7,418

7,404

7,368

7,369

6,817

5,164

3,536

1,936

889

943

899

826

745

674

0

0

0

Loss on disposal of property and equipment

-183

-249

-312

-645

-611

-553

-491

-382

-360

-360

-440

-222

-292

-332

-307

-509

-439

-361

-350

-91

-91

-250

-22

-11

-28

131

-17

-17

0

1

1

1

42

41

27

22

343

330

0

0

0

Stock-based compensation expense

25,650

23,347

20,451

19,743

20,362

21,580

22,993

25,121

25,333

24,677

23,490

22,753

21,438

20,885

18,482

16,054

14,792

14,767

15,114

14,333

14,758

14,282

15,000

16,611

16,764

16,485

15,859

15,515

14,829

14,224

12,872

10,694

9,496

8,969

9,879

11,126

11,198

10,721

0

0

0

Amortization of premium (accretion of discount) on marketable securities

-72

192

411

379

145

-227

-639

-968

-1,111

-1,100

-1,842

-1,492

-1,066

-555

-1,388

-1,185

-1,089

-1,063

-2,181

-1,958

-1,802

-1,694

1,613

1,353

1,079

789

584

534

645

850

1,110

1,335

1,497

1,627

1,683

1,766

1,854

1,765

0

0

0

Non-cash interest income from SemiSouth note

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

Deferred income taxes

3,953

4,019

-1,792

-1,906

-3,164

-4,465

14,928

15,586

16,803

15,838

-1,629

-1,511

-1,662

-638

-5,154

-5,369

-5,666

-5,508

1,091

108

-3,630

157

1,243

-258

4,319

-2,781

-6,878

-5,205

-892

2,017

4,887

5,585

851

1,577

1,654

1,240

25

1,124

0

0

0

Decrease in accounts receivable allowance for credit losses

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from employee stock plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

704

627

573

596

796

1,099

1,115

531

1,309

0

0

0

Tax shortfall associated with employee stock plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-189

-189

262

626

815

0

0

0

-

-

-

-

1,303

1,788

2,194

2,200

2,201

2,766

2,389

1,139

2,891

0

0

0

Increase (decrease) in accounts receivable allowances

-

-

-

-

-

-28

170

146

214

209

113

94

118

207

302

405

221

127

123

0

80

70

75

11

-122

-127

-172

-163

-44

-24

34

-112

-83

-61

0

0

0

-

-

-

-

Change in operating assets and liabilities:
Accounts receivable

135

13,259

11,936

18,637

2,605

-5,754

-3,280

-11,708

2,895

10,479

4,526

5,246

5,182

-751

2,340

1,058

-2,109

-4,144

-1,088

-5,122

-5,600

-2,133

-4,645

681

1,560

4,936

3,824

-2,355

-5,220

-5,313

-2,410

6,565

3,299

3,621

2,160

-10,352

-14,444

-16,236

0

0

0

Inventories

11,553

9,523

14,509

20,373

21,872

23,770

19,043

16,392

12,059

4,523

5,217

5,683

5,484

630

-5,498

-17,482

-19,345

-13,500

-2,931

11,554

15,627

21,703

16,623

7,992

4,170

-2,375

-6,640

-5,328

-9,758

-18,026

-15,598

-16,241

-20,162

-10,037

608

16,213

29,367

33,588

0

0

0

Prepaid expenses and other assets

1,895

2,132

1,808

3,721

2,583

1,495

-681

10,685

12,553

17,646

21,496

10,199

9,370

2,524

3,012

-818

-2,181

-3,342

-2,534

-4,761

-6,159

-8,211

-6,837

1,421

3,626

1,523

-1,922

8,644

8,386

11,008

12,539

-1,405

-1,490

-1,619

10,302

9,029

6,408

8,515

0

0

0

Accounts payable

1,052

-6,556

-3,947

12,765

2,323

1,336

-2,256

-3,251

3,006

396

3,976

1,046

7,177

7,714

9,072

-5,264

-4,189

-2,000

-2,207

6,770

1,598

2,337

2,024

880

723

2,467

181

1,733

3,418

2,071

4,368

6,491

2,829

-1,564

-1,666

-9,196

-9,686

-483

0

0

0

Deferred income on sales to distributors

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,281

-2,671

-590

-505

1,883

4,094

3,357

4,177

5,033

2,373

3,722

2,276

120

70

-1,579

-4,338

-4,532

-3,726

-966

3,180

0

0

0

Taxes payable and accrued liabilities

-5,140

-10,618

7,414

8,336

10,191

9,897

-16,005

-16,489

-19,779

-20,041

-3,796

-3,650

26

1,124

-1,263

-186

412

75

3,564

326

-1,306

3,242

4,800

3,198

5,731

-1,065

-4,834

35,293

25,461

26,029

30,169

-10,293

-4,106

-2,977

-6,414

-4,290

-6,503

-5,828

0

0

0

Net cash provided by operating activities

249,814

224,499

60,669

62,034

69,311

83,964

93,077

94,430

91,821

82,039

82,339

84,035

83,557

97,901

94,958

93,355

94,806

92,187

79,863

85,817

86,991

85,562

96,550

94,942

93,342

98,671

97,359

48,727

51,835

51,830

38,845

77,863

85,084

69,192

54,424

48,745

48,868

59,972

0

0

0

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment

32,258

24,114

19,882

22,512

21,645

24,677

22,049

20,133

32,584

32,496

33,691

30,184

16,506

12,198

11,814

11,105

10,132

11,359

13,296

18,330

21,928

23,071

20,104

16,953

14,475

13,960

15,427

14,496

12,837

16,358

19,175

19,458

23,446

23,223

24,963

29,573

34,455

30,567

0

0

0

Acquisition of technology licenses

812

1,026

351

651

614

900

900

500

500

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

2

2

2,251

2,249

0

0

0

-

-

-

-

Payment for acquisition, net of cash acquired (Note 14)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,549

15,549

15,549

15,365

0

0

0

0

-

-

-

-

-

-

-

-

6,914

0

0

0

-

-

-

-

Advance for acquisition of a business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Increase in financing lease receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

420

558

678

2,857

8,116

0

0

0

-

-

-

-

Collections of financing lease receivables and other receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

527

638

519

622

425

0

0

0

-

-

-

-

Loans to third parties (Notes 11)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18,000

18,000

18,000

21,000

3,000

0

0

0

-

-

-

-

Purchases of marketable securities

219,285

207,240

139,900

117,257

67,626

62,833

63,811

40,089

89,725

151,663

212,329

234,017

205,365

188,654

137,213

85,966

74,975

29,748

14,933

30,511

20,518

45,269

58,480

89,010

114,811

109,482

96,271

45,223

19,422

0

10,907

30,668

30,668

42,176

31,269

11,508

11,508

27,224

0

0

0

Proceeds from sales and maturities of marketable securities

79,494

70,334

76,234

86,620

111,972

157,551

176,249

161,656

155,469

149,443

128,990

108,642

91,232

83,423

96,978

83,195

71,055

59,309

75,511

67,087

64,837

38,052

5,900

14,500

29,850

31,350

29,125

44,845

35,898

40,463

48,338

32,563

31,490

26,725

15,694

15,490

25,460

27,010

0

0

0

Net cash used in investing activities

-172,861

-162,046

-83,899

-53,800

22,087

69,141

89,489

100,934

32,660

-34,716

-117,030

-155,559

-130,639

-117,429

-52,049

-24,265

-24,625

-7,736

14,744

-5,164

-835

-38,149

-73,512

-91,030

-98,008

-90,664

-96,778

-31,248

-127,090

-124,706

-115,388

-146,549

-41,898

-52,307

-55,969

-54,109

-46,958

-46,545

0

0

0

CASH FLOWS FROM FINANCING ACTIVITIES:
Issuance of common stock under employee stock plans

10,937

9,908

10,486

9,396

9,196

9,353

10,459

10,566

10,285

10,020

12,498

14,700

14,494

13,059

14,350

11,653

12,018

12,580

7,653

8,363

10,329

13,855

15,705

25,357

28,579

30,239

31,613

22,380

24,200

21,952

21,969

22,285

21,379

22,210

26,494

25,046

23,516

26,263

0

0

0

Repurchase of common stock

2,013

7,302

36,078

47,066

77,141

103,153

76,831

72,577

42,502

9,188

6,734

0

350

6,435

6,435

36,990

58,975

53,731

89,233

78,205

81,601

80,760

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

13,960

0

0

0

Retirement of shares for income tax withholding

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

769

0

0

0

Payments of Dividends

21,207

20,500

19,544

19,237

18,962

18,800

18,309

17,781

17,238

16,600

16,263

15,870

15,462

15,054

14,669

14,351

14,126

13,916

14,012

14,154

13,651

13,165

12,054

10,851

10,169

9,446

8,500

7,556

6,650

5,755

5,703

5,690

5,700

5,722

5,734

5,694

5,636

5,577

0

0

0

Proceeds from draw on line of credit

-

-

-

-

-

8,000

8,000

13,000

13,000

5,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on line of credit

-

-

-

-

-

8,000

8,000

13,000

13,000

5,000

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from employee stock plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

704

627

573

596

796

1,099

1,115

531

1,309

0

0

0

Net cash used in financing activities

-12,289

-17,900

-45,159

-56,930

-86,930

-112,623

-84,715

-79,826

-49,489

-15,802

-10,499

-1,170

-1,318

-8,430

-6,754

-39,688

-61,083

-55,067

-95,592

-83,772

-84,486

-79,633

-40,436

-10,278

19,144

21,527

2,790

-5,413

-2,411

-3,566

2,712

-28,448

-33,725

-32,716

-13,960

16,083

10,489

7,266

0

0

0

NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCREASE IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

40,482

97,851

115,538

74,992

31,521

-45,190

-72,694

-48,400

-27,958

36,155

29,402

9,098

29,384

-985

-3,119

1,670

-32,220

-17,398

-6,366

14,478

29,534

3,371

12,066

-77,666

-76,442

-73,831

-97,134

9,461

-15,831

-15,505

10,719

12,399

20,693

0

0

0

SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Unpaid property and equipment

7,072

4,355

1,262

-1,080

2,390

1,818

3,064

4,058

-5,079

4,913

6,207

6,536

12,265

1,825

-853

201

1,690

1,472

590

1,122

-1,574

1,733

5,350

3,437

5,995

2,862

1,401

1,877

1,512

1,008

1,489

1,565

2,545

3,497

7,847

7,168

4,368

5,369

0

0

0

Unpaid technology licenses

-100

0

675

-300

-300

100

100

500

500

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unpaid CamSemi purchase consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loan applied to CamSemi purchase price (Note 14)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,600

6,600

6,600

6,600

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Receipt of SemiSouth purchase option

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid for income taxes, net

21,254

21,327

2,623

4,149

7,542

7,437

5,919

4,382

141

-1,571

311

274

4,561

6,613

4,175

2,972

429

473

1,593

92

-522

-3,121

-7,275

-2,152

-2,381

-4,137

1,012

41,480

42,361

46,689

45,788

2,999

1,745

1,233

1,620

2,714

3,120

3,018

0

0

0