Quidel corp /de/ (QDEL)
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
OPERATING ACTIVITIES:
Net income

88,314

72,921

74,774

69,415

65,069

74,183

36,616

20,269

11,503

-8,165

6,259

-74

3,928

-13,808

-23,521

-12,425

-13,516

-6,079

1,411

-3,594

-1,571

-7,074

-13,048

-11,642

-6,489

7,390

14,991

18,676

17,309

4,993

-2,789

-3,226

-3,764

7,633

0

0

0

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and other

52,300

51,791

0

0

0

-

-

-

37,147

30,762

10,602

21,963

22,363

22,796

35,856

23,976

23,307

23,386

25,324

26,492

27,235

28,365

27,017

26,466

25,172

24,896

25,233

24,522

24,737

23,261

22,231

21,906

20,002

17,809

0

0

0

Stock-based compensation expense

13,542

13,252

12,603

12,254

12,361

11,709

12,313

11,417

10,076

9,061

4,018

7,959

7,927

7,986

11,612

7,511

7,331

7,419

7,665

7,239

6,555

6,724

8,096

8,222

8,867

8,771

7,044

7,031

6,876

6,598

6,703

6,967

7,304

7,500

0

0

0

Amortization of debt discount and deferred issuance costs

1,197

1,582

1,964

2,389

2,883

3,952

5,248

5,995

6,328

6,022

2,900

5,778

5,827

5,891

8,552

5,708

5,694

5,664

4,617

3,276

1,944

629

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of interest on deferred consideration

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of acquisition contingencies

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-910

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of interest on deferred consideration

-

-

-

-

-

-

-

-

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of inventory step-up to fair value

-

-

-

-

-

3,650

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in deferred tax assets and liabilities

0

-

-

-

0

-

-

-

-

-

-

-

-

-2,603

-12,252

-8,814

-7,941

-4,027

129

-1,616

-1,459

-2,744

-14,619

-8,850

-2,865

-1,928

7,311

6,511

2,405

1,469

-3,702

-3,995

-4,667

1,217

0

0

0

Loss on extinguishment of debt

-

-

-

-

-

-8,262

-8,262

-6,965

-4,567

0

-421

0

0

421

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,346

0

0

0

-

-

-

-

-

-

-

-

Changes in assets and liabilities:
Accounts receivable

33,114

36,059

11,365

109

-22,759

-8,236

25,213

24,866

71,305

42,052

17,877

3,603

-5,502

6,265

-7,649

212

7,441

-16,060

6,570

-1,531

2,017

4,547

4,825

3,614

2,299

-2,911

2,238

576

-339

17,924

-173

1,911

-1,763

1,169

0

0

0

Inventories

-7,859

-9,143

-1,266

4,980

8,763

3,974

2,234

-856

-2,257

-362

3,752

-257

-2,299

-859

-5,539

-1,109

287

1,637

1,067

180

-993

-2,862

-3,840

-1,267

4,094

11,975

10,635

7,744

4,749

1,075

1,595

1,529

1,024

-3,401

0

0

0

Income taxes receivable

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

0

-

0

0

0

Prepaid expenses and other current and non-current assets

-640

-4,314

-12,589

-2,274

6,844

12,681

28,774

20,021

9,415

9,113

-806

1,482

843

489

2,696

1,589

1,768

1,039

-1,091

-898

-1,332

-787

1,267

2,355

886

388

-2,985

-2,390

-1,362

-135

-5,851

-6,904

-6,155

-7,837

0

0

0

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,873

-4,861

-3,465

-3,064

-4,237

4,861

2,919

2,158

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

7,271

2,434

3,465

3,931

2,066

-331

11,461

11,950

16,678

12,956

7,409

2,201

-1,144

4,323

-2,093

-1,297

1,264

-3,082

3,213

2,018

1,780

4,380

-589

-57

1,360

-651

1,580

153

-2,294

1,545

-462

800

1,337

126

0

0

0

Accrued payroll and related expenses

3,072

-1,037

-4,082

-858

693

1,674

6,124

4,988

2,635

7,130

4,000

1,788

1,422

-375

-3,104

166

-1,359

1,061

1,613

1,429

936

1,247

825

1,227

813

1,055

1,879

250

1,098

1,083

-998

-27

-454

1,317

0

0

0

Accrued royalties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-288

-1,449

-4,182

-1,998

0

0

0

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-426

-1,429

-1,029

-1,036

0

0

0

-

-

-

-

-

-

-

-

1,730

0

0

0

Deferred grant revenue

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,214

-5,333

-3,206

-2,672

-2,396

5,571

3,742

4,301

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other current and non-current liabilities

11,879

5,966

-1,014

208

3,141

4,743

6,411

5,056

5,255

6,904

3,197

-2,099

-1,629

-5,594

-7,154

-2,660

-7,099

-1,150

490

1,520

5,851

1,302

3,952

1,484

-1,673

-7

-555

592

5,251

522

-1,226

-1,930

-1,059

139

0

0

0

Net cash provided by operating activities:

162,768

134,485

129,978

146,933

133,428

136,345

104,353

66,545

33,948

27,709

35,561

38,278

48,987

11,815

9,366

11,162

-2,483

36,880

38,460

41,656

45,295

35,686

18,942

13,658

13,394

25,682

37,966

43,766

50,375

19,633

19,133

18,543

25,172

47,541

0

0

0

INVESTING ACTIVITIES:
Acquisitions of property, equipment and intangibles

28,120

27,229

27,530

29,896

31,733

31,689

27,618

23,017

18,747

17,510

11,392

14,555

13,620

11,909

18,313

15,108

16,166

17,032

14,752

11,970

10,141

11,241

12,371

15,692

21,968

20,821

22,260

19,984

13,983

12,221

8,502

6,581

4,885

4,853

0

0

0

Acquisition of other businesses, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

5,061

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of Summers Ridge Property

-

-

-

-

-

146,644

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of intangibles

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

409

630

850

1,680

1,505

1,478

1,495

15,501

17,377

30,746

30,795

16,282

0

0

0

Proceeds from sale of fixed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

122

0

0

0

-

-

-

-

Net cash provided by (used for) investing activities:

-28,120

-27,229

-27,530

-29,896

-31,733

114,955

-280,835

-275,967

-286,352

-431,759

-20,686

-29,177

-13,587

-16,970

-28,468

-20,202

-21,260

-17,032

-14,660

-11,878

-10,049

-11,241

-12,759

-18,606

-34,252

-33,935

-35,213

-31,605

-16,471

-28,600

-26,764

-37,212

-35,565

-21,135

0

0

0

FINANCING ACTIVITIES:
Proceeds from issuance of common stock

10,740

14,782

14,172

15,731

18,242

17,047

26,211

29,710

28,013

25,426

16,902

11,742

10,086

8,575

7,678

4,189

3,869

2,911

2,430

3,225

3,538

4,781

6,163

5,382

6,236

7,928

7,972

9,142

7,841

4,664

2,982

872

1,039

59,243

0

0

0

Payments of debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

365

5,077

5,077

5,077

4,712

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,346

0

0

0

-

-

-

-

-

-

-

-

Payments on finance lease obligation

-

-

-

-

-

-

-

-

-

98

-108

299

420

540

852

548

529

509

490

474

457

441

426

409

394

380

367

353

342

329

315

304

291

280

0

0

0

Payments on Revolving Credit Facility

53,262

53,188

40,169

40,097

30,038

40,000

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on finance lease obligation

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchases of common stock

11,206

10,728

2,454

2,608

2,588

4,344

3,790

3,660

3,336

541

-19,466

577

526

20,168

43,492

38,880

50,676

30,934

27,617

12,138

342

1,956

3,122

3,250

3,547

2,157

991

878

581

3,407

3,408

3,388

3,727

626

0

0

0

Repurchases of Convertible Senior Notes

-

-

-

-

-

-

-

-

-

-

-

-

-

4,459

8,918

4,459

4,459

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,000

19,000

19,000

19,000

37,000

23,000

23,000

23,000

30,000

0

0

0

Payment of note payable to state agency

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Payments on acquisition contingent consideration

-

-

-

-

-

-

-

-

-

-

303

498

498

207

402

195

195

129

129

1,132

1,132

2,112

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Payments of acquisition contingent consideration

4,066

4,044

4,053

7,317

5,298

6,303

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of Term Loan

-

-

-

-

-

161,813

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transaction costs related to debt exchange

-

-

-

-

-

2,002

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment for acquisition holdback

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Net cash (used for) provided by financing activities:

-82,898

-98,282

-112,367

-103,934

-146,941

-244,058

41,997

49,411

156,691

270,608

40,632

10,368

8,642

-16,799

-45,986

-40,122

-52,219

-29,255

141,388

156,904

169,030

168,060

965

1,076

1,648

1,790

-10,347

-10,091

-11,084

-37,509

-25,572

-26,748

-26,990

28,138

0

0

0

Effect of exchange rates on cash

82

106

139

395

372

367

185

19

31

20

28

12

5

-9

-13

-6

-20

-17

7

-22

-7

2

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net increase in cash and cash equivalents

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-95,682

-133,422

55,535

19,481

44,047

-21,963

-65,101

-49,168

-75,982

-9,424

165,195

186,660

204,269

192,507

7,117

-3,874

-19,215

-6,468

-7,594

2,070

22,820

-46,476

-33,203

-45,417

-37,383

54,544

0

0

0

SUPPLEMENTAL DISCLOSURES OF NON-CASH INVESTING AND FINANCING TRANSACTIONS:
Cash paid during the period for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

6,488

9,828

6,783

7,027

6,998

4,000

3,972

885

981

1,707

1,703

1,949

1,807

1,926

1,958

1,883

2,086

1,429

1,628

1,835

2,083

0

0

0

Cash paid during the period for income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

490

-866

875

1,698

1,922

1,780

522

397

327

778

754

1,318

2,211

0

0

0

-

-

-

-

-

-

-

-

NON-CASH INVESTING ACTIVITIES
Purchase of property, equipment and intangibles by incurring current liabilities

172

1,040

3,202

1,384

1,446

1,785

2,443

794

2,383

1,446

1,114

4,731

3,141

3,280

1,625

70

1,344

239

2,064

1,570

304

900

-326

-383

-572

172

1,298

1,793

2,305

1,086

558

304

349

160

0

0

0

Reduction of other current liabilities upon issuance of restricted share units

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NON-CASH FINANCING ACTIVITIES
Decrease of accrued payroll and related expenses upon issuance of common stock

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

0

0

-

-

-

-

Extinguishment of Convertible Senior Notes through issuance of stock

-

-

-

-

-

200,219

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of other non-current assets upon issuance of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0