REPLIGEN CORP RGEN Cash Flow

Repligen corp (RGEN)

CashFlow / Quarterly

Mar'20	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
Cash flows from operating activities:
Net income
9,815	3,604	1,659	8,095	8,053	5,638	4,794	2,737	3,448	12,178	4,669	8,438	3,068	5,030	1,155	3,871	1,625	265	2,538	3,612	2,930	-399	1,466	2,825	4,277	3,327	5,888	4,539	2,338	9,553	1,806	1,569	1,226	-2,161	604	-55	-2,030	375	623	988
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
6,390	6,077	5,738	4,840	4,213	4,003	3,881	3,934	3,960	4,133	3,096	1,696	1,582	1,490	1,379	1,315	1,150	1,145	1,154	1,145	1,150	1,055	1,109	962	892	842	762	690	818	915	895	872	824	462	405	406	400	465	407	402
Provision for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	-	-	-	-	-	-	-
Non-cash interest expense
2,691	2,673	2,632	1,124	1,107	1,088	1,071	1,053	1,036	1,019	1,002	986	970	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation expense
4,165	3,388	3,176	3,032	3,251	2,520	2,779	2,625	2,268	1,902	1,818	1,496	1,531	1,254	1,282	1,137	922	930	981	985	702	380	533	545	307	291	205	312	250	280	288	214	240	203	244	282	255	243	242	262
Deferred tax expense
-	9,056	-10,569	-3	892	-401	147	-124	449	-11,617	-7,678	-5,394	10	-	-	-	-	-336	45	86	87	34	107	146	7	345	1,449	1,105	-112	-	-	-	-	-	-	-	-	-	-	-
Loss on revaluation of contingent consideration
-140	-	-	-	-	111	-107	0	-1	-	-	-	-	-75	675	637	2,005	1,969	233	770	1,111	1,946	9	17	98	44	27	-35	53	950	-277	-86	24	-	-	-	-	-	-	-
Gain on bargain purchase
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	314	-	-	-	-	-	-	-
Loss on disposal of assets
-	-	-	-	-	-	-	-	-	-	0	-5	-59	-	1	-23	-3	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2	0	0	-5	-	-	-
Changes in operating assets and liabilities, excluding impact of acquisitions:
Accounts receivable
2,399	992	-583	625	6,692	4,518	-3,205	3,259	1,529	-1,584	2,125	3,932	2,415	-48	4,162	-2,041	1,149	973	-4,064	-417	7,237	834	-1,784	2,453	94	-1,344	1,304	-1,957	2,772	-3,461	-469	3,779	1,362	-6,312	1,498	1,262	88	-924	557	968
Royalties and other receivables
-148	130	88	-2	-112	-156	209	67	-127	-448	30	-54	-172	672	-338	69	249	25	-466	128	155	121	-323	376	-6,730	135	1,281	1,467	-5,284	5,167	383	498	-126	417	17	259	-233	233	35	182
Unbilled receivables
-	-99	95	460	-2,602	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories
7,191	4,423	754	2,659	1,478	-763	1,709	1,908	1,188	94	-1,512	1,664	-851	-294	1,364	2,001	3,092	2,098	1,671	1,866	514	-487	1,060	617	-331	1,775	-789	511	-872	301	-1,377	-1,713	54	364	-232	738	16	-99	-181	17
Prepaid expenses and other assets
-36	-414	1,189	101	-215	332	1,293	-1,464	1,608	565	503	270	-34	208	-27	-12	-781	976	282	-667	-314	908	-388	90	209	206	-599	283	51	216	-8	-532	293	-242	264	167	-1,694	969	-80	-180
Operating lease right of use assets
-919	5,449	419	-422	-784	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
-709	1,442	-1,275	1,065	-570	-1,088	4,055	849	-1,550	648	-1,581	2,192	-452	116	-2,429	2,111	-1,600	3,773	-1,335	151	435	1,367	-1,148	2,306	-236	795	-571	-409	-548	691	-897	931	276	597	-342	-8	231	-199	178	-270
Accrued expenses
-4,989	5,833	5,621	3,497	-1,855	-328	2,915	-146	-3,839	4,096	-1,873	4	-4,220	-1,649	850	1,038	-4,277	-2,677	210	-505	1,380	-505	2,860	-845	-3,999	1,375	-710	1,893	-1,301	996	-152	278	960	363	779	-899	791	411	17	-837
Operating lease liability
334	6,054	609	-376	-840	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long-term liabilities
180	-10,587	10,576	-2	-6	-581	44	46	-3	782	-85	-43	-43	-192	18	-136	70	2,355	185	2,083	-2,508	-781	-47	-101	-106	710	685	934	-1,129	-104	-1,219	141	70	15	3	-7	-32	-3	-3	-19
Total cash provided by operating activities
9,530	17,674	21,965	17,789	9,788	5,555	19,680	5,963	1,572	15,218	-1,728	2,814	1,147	1,954	-1,186	10,564	-3,811	3,352	6,588	7,418	-2,305	1,753	6,327	2,321	7,998	6,962	6,577	8,795	3,594	7,229	2,471	2,005	1,733	4,873	148	-2,710	1,444	1,113	1,135	-461
Cash flows from investing activities:
Purchases of marketable securities
-	-	-	-	-	-	-	-	-	-1	6	14	28	2,306	17,442	-17	3,969	6,078	5,971	4,832	3,287	3,272	5,600	9,664	8,970	18,481	5,909	7,549	10,538	2,772	13,360	8,364	14,612	10,318	14,878	24,268	26,234	24,687	15,472	17,934
Sales of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-12,385	18,265	20,410	-	-	21,250	14,250
Redemption of marketable securities
-	-	-	-	-	-	-	-	-	0	2,750	9,450	7,400	3,700	5,600	8,500	5,600	9,323	7,905	5,521	4,838	4,687	5,625	13,962	10,529	9,315	6,510	7,571	5,811	6,351	12,380	10,100	14,383	6,949	18,265	20,410	29,425	-	-	-
Additions to capitalized software costs
911	20	1,348	1,542	1,740	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property, plant and equipment
4,126	7,091	5,566	3,759	2,088	3,267	2,956	2,848	1,564	1,768	1,010	1,381	1,295	863	2,056	975	431	573	318	465	1,272	2,638	1,739	627	596	860	2,669	783	322	438	311	356	156	236	170	168	206	163	90	63
Total cash used in investing activities
-5,037	-7,111	-6,892	-187,477	-3,828	-5,457	-4,168	-2,848	-1,564	-1,621	-111,207	8,055	6,077	-35,316	-13,898	-1,180	1,200	2,672	1,616	224	279	-1,223	-1,715	-17,814	961	-10,025	-2,069	-761	-5,049	3,140	-1,292	1,378	-385	-4,200	3,216	-4,026	2,984	-6,425	5,686	-3,748
Exercise of stock options
1,599	109	492	522	44	1,044	884	1,146	344	316	530	172	1,333	211	672	137	821	-61	241	284	402	194	148	840	497	214	200	1,077	956	272	751	21	113	0	0	0	69	0	9	16
Repayment of senior convertible notes
-	-	-	-	-	0	0	0	11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of tax withholding obligation on vesting of restricted stock
10	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of contingent consideration
-	-	-	-	-	-	-	-	-	-	25	14	1,663	300	0	0	498	0	0	0	99	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase and retirement of treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	330	0	88	-	-	-
Total cash provided by financing activities
1,589	-180	294,875	190,128	44	1,044	884	1,146	333	303	129,814	158	-330	-89	419	111,460	323	-61	241	284	303	798	-455	840	497	662	-175	1,077	956	272	751	21	113	0	-330	0	-19	-56	9	16
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-4,923	4,595	-5,336	1,242	-3,691	2,376	-1,703	-2,526	-224	-257	580	1,517	536	-1,967	-306	-1,435	1,409	45	-373	876	-2,430	-1,872	-2,005	-800	-78	-13	580	-350	-141	177	579	-318	163	-	-	-	-	-	-	-
Net increase in cash, cash equivalents and restricted cash
1,159	14,978	304,612	21,682	2,313	3,518	14,693	1,735	117	-	-	12,544	7,430	-35,418	-14,971	119,409	-879	6,008	8,072	8,802	-4,153	-544	2,150	-15,453	9,379	-2,414	4,912	8,761	-639	10,819	2,509	3,087	1,625	667	3,033	-6,736	4,409	-5,368	6,830	-4,193
Supplemental disclosure of cash flow information:
Income taxes paid
1,756	2,299	1,501	1,650	1,055	926	1,662	521	937	466	1,405	969	1,181	1,105	907	942	1,039	2,277	1,042	529	1,100	1,876	3	202	466	68	425	112	659	-	-	-	-	-	-	-	-	-	-	-
Interest paid
527	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosure of non-cash investing and financing activities:
Assets acquired under operating leases
17	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash effect of adoption of ASU 2016-16
-	-	-	-	-	0	0	0	5,609	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of contingent consideration in common stock
-	-	-	-	-	-	-	-	-	1	0	0	1,062	0	0	0	875	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-