Qorvo, inc. (QRVO)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Apr'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14
Net Income (Loss) Attributable to Parent

334,325

345,452

253,613

202,659

133,125

59,107

-43,492

-39,657

-40,288

28,121

-17,435

-41,507

-16,558

-96,668

-29,157

-36,556

-28,845

1,839

100,829

159,692

196,303

0

0

0

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

221,632

237,952

237,054

229,099

208,646

184,554

178,372

175,049

174,425

189,418

198,915

206,300

209,825

196,319

188,732

183,976

180,362

174,544

138,972

105,138

74,239

0

0

0

Amortization of Intangible Assets

247,300

233,200

302,600

379,600

454,500

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Income) loss on investments and other assets, net

-

-

-

-

-

-

-

-

-

-

0

-4,547

-

636

1,738

986

4,705

-3,800

-4,237

-4,427

-8,986

0

0

0

Gain (Loss) on Extinguishment of Debt

0

-6,197

-8,049

-56,828

-90,201

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt issuance cost and non-cash items (Note 6)

-

-

-

-

-

-

-

-

-

-

0

0

-

-13,543

-7,431

-3,274

112

360,703

237,620

116,678

843

0

0

0

Excess tax benefit from exercises of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,993

0

0

0

Deferred Income Tax Expense (Benefit)

-11,099

-13,160

-36,724

-54,500

-70,169

-53,807

-57,920

-54,204

-32,248

-45,302

-32,007

-35,264

-28,027

-12,518

-27,887

-13,529

-12,189

-137,768

-115,316

-108,405

-109,970

0

0

0

Foreign currency adjustments

-

-

-

-

-

-

-

-

-953

59

-389

-4,086

36

-4,386

-2,406

16

-1,705

-940

-647

-174

242

0

0

0

Realized gain on sale of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Stock-based compensation expense

76,000

74,936

77,179

77,208

71,600

68,775

63,866

66,419

68,200

73,853

76,793

79,377

88,845

98,599

112,252

121,940

139,516

156,318

130,129

103,942

64,941

0

0

0

Other, net

10,178

8,632

11,954

12,283

5,087

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable, net

-21,029

-17,559

-92,765

-40,028

32,119

-29,113

30,749

-13,958

-12,906

27,550

-31,828

-26,727

36,873

120,559

49,742

-11,426

-36,682

-104,338

34,282

38,008

30,369

0

0

0

Inventories

-10,252

2,201

-1,728

3,632

39,590

41,387

11,545

31,438

41,887

18,619

24,539

16,208

6,442

-32

44,002

92,780

84,116

9,911

7,706

-6,121

-10,423

0

0

0

Prepaid expenses and other current and non-current assets

14,513

-1,371

-20,134

-25,427

-13,343

-17,094

-17,742

-59

-28,310

-48,560

-56,059

-65,611

-20,285

22,388

47,019

47,849

28,871

-8,472

20,698

30,285

26,384

0

0

0

Accounts payable and accrued liabilities

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Income taxes payable and receivable

12,935

-7,715

-12,169

-19,767

-38,206

-70,339

34,097

50,258

50,801

21,107

22,358

14,845

13,414

96,608

-8,320

-7,529

4,300

-8,583

-5,963

1,677

12,704

0

0

0

Other liabilities

-1,553

-3,050

-1,657

-5,868

-10,778

-9,439

1,016

1,102

4,236

8,192

666

6,044

4,682

8,008

-3,239

-6,373

-13,079

-918

7,010

2,877

9,385

0

0

0

Net cash provided by operating activities

945,646

918,596

951,098

992,223

810,364

881,977

818,822

824,143

852,520

840,633

790,927

821,067

776,820

689,443

687,087

605,884

687,927

666,758

520,890

410,795

305,624

0

0

0

Investing activities:
Purchase of property and equipment

164,104

164,314

195,609

227,668

220,937

217,804

191,282

188,971

269,835

403,405

494,502

546,690

552,702

471,425

396,357

356,669

315,624

351,186

310,475

249,486

169,862

0

0

0

Purchase of available-for-sale debt securities

0

3

3

3

132,732

132,729

132,729

132,729

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Purchase of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

254,382

340,527

458,622

354,729

384,819

387,734

0

0

0

Proceeds from sales and maturities of available-for-sale debt securities

1,950

1,950

1,950

60,082

133,132

133,132

133,132

75,000

0

0

0

13,873

186,793

185,280

206,735

462,666

390,009

480,276

499,820

299,380

261,185

0

0

0

Purchase of businesses, net of cash acquired

946,043

494,783

299,673

291,551

0

0

0

0

-

-

-

-

117,994

118,002

118,020

117,498

0

0

0

0

-

-

-

-

Other investing

-2,455

8,042

8,767

20,586

27,017

19,099

4,038

23,277

7,574

9,599

23,825

-1,043

5,976

0

0

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-1,105,742

-665,192

-502,102

-479,726

-247,554

-236,500

-194,917

-269,977

-277,409

-413,465

-518,770

-532,739

-490,348

-419,538

-491,071

-278,578

-278,714

-104,166

34,975

-109,668

-63,942

0

0

0

Financing activities:
Repurchase and payment of debt

0

73,182

95,935

592,508

1,050,680

1,085,227

1,062,474

565,901

107,729

0

0

0

-

-

-

-

-

-

-

-

87,503

0

0

0

Proceeds from borrowings (Note 7)

-

-

0

1,005,350

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase of common stock, including transaction costs

515,131

689,516

716,497

638,143

638,074

389,647

317,664

287,986

219,907

219,801

206,882

241,282

209,357

658,491

841,469

1,250,000

1,300,009

850,883

600,814

100,883

50,874

0

0

0

Debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,588

12,920

1,375

1,371

36

0

0

0

Proceeds from the issuance of common stock

50,198

53,367

43,088

40,779

41,289

40,743

42,951

46,775

57,412

62,852

64,938

53,712

59,148

49,818

49,244

59,451

51,875

67,207

59,321

53,831

46,072

0

0

0

Tax withholding paid on behalf of employees for restricted stock units

21,791

21,253

21,199

22,839

24,835

24,960

24,884

23,106

24,708

24,825

24,758

21,110

15,516

15,899

17,501

17,474

22,168

40,357

39,278

37,051

34,250

0

0

0

Excess tax benefit from exercises of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

13,993

0

0

0

Restricted cash associated with financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

Other financing

-6,717

-8,456

-3,489

-10,134

-9,714

-7,523

-8,973

-2,130

-1,916

-1,848

77

73

75

-96

-114

-24

-29

-265

-251

-320

-300

0

0

0

Net cash provided by (used in) financing activities

165,559

194,010

-419,982

-217,495

-776,664

-835,314

-639,744

-732,348

-196,848

-83,634

-166,681

-208,607

-165,650

-624,758

103,902

-219,357

-282,984

172,290

-496,126

-72,150

-112,898

0

0

0

Effect of exchange rate changes on cash

-1,233

702

-41

564

-1,166

-1,780

-1,116

-404

2,360

2,024

193

34

-1,105

-934

-274

-649

-294

-1,378

-817

-934

-868

0

0

0

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

4,230

448,116

28,973

295,566

-215,020

-191,617

-16,955

-178,586

380,623

345,558

105,669

79,755

119,717

-355,787

299,644

107,300

125,935

733,504

58,922

228,043

127,916

0

0

0

Non-cash investing and financing information:
Capital expenditure adjustments included in liabilities

22,904

26,674

23,146

27,604

37,728

42,232

46,131

19,957

31,769

42,592

62,010

92,661

75,340

60,356

71,933

56,834

33,548

13,588

4

5,604

9,346

0

0

0