Repligen corp (RGEN)
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'10
Cash flows from operating activities:
Net income

23,173

21,411

23,445

26,580

21,222

16,617

23,157

23,032

28,733

28,353

21,205

17,691

13,124

11,681

6,916

8,299

8,040

9,345

8,681

7,609

6,822

8,170

11,896

16,318

18,031

16,093

22,318

18,237

15,267

14,156

2,441

1,239

-386

-3,643

-1,105

-1,087

-43

0

0

0

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

23,045

20,868

18,794

16,937

16,031

15,778

15,908

15,123

12,885

10,507

7,864

6,147

5,766

5,334

4,989

4,764

4,594

4,594

4,504

4,459

4,277

4,020

3,807

3,460

3,187

3,114

3,186

3,320

3,503

3,508

3,055

2,565

2,099

1,674

1,677

1,678

1,674

0

0

0

Provision for doubtful accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

Non-cash interest expense

9,120

7,536

5,951

4,390

4,319

4,248

4,179

4,110

4,043

3,977

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

13,761

12,847

11,979

11,582

11,175

10,192

9,574

8,613

7,484

6,747

6,099

5,563

5,204

4,595

4,271

3,970

3,818

3,598

3,048

2,600

2,160

1,766

1,677

1,349

1,117

1,060

1,048

1,131

1,033

1,024

947

903

971

985

1,024

1,022

1,003

0

0

0

Deferred tax expense

-

-624

-10,081

635

514

71

-11,145

-18,970

-24,240

-24,679

0

0

0

-

-

-

-

-118

252

314

374

295

606

1,948

2,907

2,788

0

0

0

-

-

-

-

-

-

-

-

-

-

-

Loss on revaluation of contingent consideration

0

-

-

-

-

3

0

0

0

-

-

-

-

3,242

5,286

4,844

4,977

4,083

4,060

3,836

3,084

2,072

170

188

135

91

996

691

640

610

0

0

0

-

-

-

-

-

-

-

Gain on bargain purchase

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

Loss on disposal of assets

-

-

-

-

-

-

-

-

-

-

0

0

-63

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8

0

0

0

-

-

-

Changes in operating assets and liabilities, excluding impact of acquisitions:
Accounts receivable

3,433

7,726

11,252

8,630

11,264

6,101

-1

5,329

6,002

6,888

8,424

10,461

4,488

3,222

4,243

-3,983

-2,359

3,729

3,590

5,869

8,739

1,597

-581

2,506

-1,904

774

-1,342

-3,115

2,621

1,211

-1,640

327

-2,189

-3,463

1,924

983

689

0

0

0

Royalties and other receivables

68

104

-182

-61

8

-7

-299

-478

-599

-644

476

108

231

652

5

-123

-64

-158

-62

80

328

-6,557

-6,542

-4,937

-3,846

-2,400

2,632

1,733

765

5,923

1,173

807

567

460

276

294

216

0

0

0

Unbilled receivables

-

-2,146

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories

15,027

9,314

4,128

5,083

4,332

4,042

4,899

1,678

1,434

-605

-993

1,883

2,220

6,163

8,555

8,862

8,727

6,149

3,564

2,953

1,705

860

3,122

1,273

1,167

626

-848

-1,436

-3,661

-2,734

-2,671

-1,527

925

886

423

474

-247

0

0

0

Prepaid expenses and other assets

840

661

1,407

1,511

-54

1,769

2,002

1,212

2,946

1,304

947

417

135

-612

156

465

-190

277

209

-461

296

820

118

-92

100

-58

-47

542

-272

-30

-489

-215

483

-1,504

-292

-638

-986

0

0

0

Operating lease right of use assets

4,527

4,662

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable

523

662

-1,868

3,462

3,246

2,266

4,002

-1,634

-291

807

275

-573

-654

-1,802

1,855

2,949

989

3,024

618

804

2,959

2,288

1,716

2,293

-421

-734

-837

-1,163

176

1,001

907

1,462

523

478

-318

202

-60

0

0

0

Accrued expenses

9,962

13,096

6,935

4,229

586

-1,398

3,026

-1,762

-1,612

-1,993

-7,738

-5,015

-3,981

-4,038

-5,066

-5,706

-7,249

-1,592

580

3,230

2,890

-2,489

-608

-4,179

-1,441

1,257

877

1,436

-178

2,083

1,450

2,381

1,204

1,034

1,082

321

383

0

0

0

Operating lease liability

6,621

5,447

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Long-term liabilities

167

-19

9,987

-545

-497

-494

869

740

651

611

-363

-260

-353

-240

2,307

2,474

4,693

2,115

-1,021

-1,253

-3,437

-1,036

455

1,188

2,224

1,201

386

-1,518

-2,311

-1,110

-991

231

82

-21

-39

-46

-58

0

0

0

Total cash provided by operating activities

66,958

67,216

55,097

52,812

40,986

32,770

42,433

21,025

17,876

17,451

4,187

4,729

12,479

7,521

8,919

16,693

13,547

15,053

13,454

13,193

8,097

18,401

23,610

23,859

30,334

25,930

26,197

22,091

15,300

13,439

11,083

8,760

4,044

3,754

-4

982

3,231

0

0

0

Cash flows from investing activities:
Purchases of marketable securities

-

-

-

-

-

-

-

-

-

47

2,354

19,790

19,759

23,700

27,472

16,001

20,850

20,168

17,362

16,991

21,824

27,508

42,717

43,026

40,912

42,480

26,770

34,221

35,036

39,109

46,656

48,174

64,078

75,700

90,069

90,663

84,329

0

0

0

Sales of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

0

0

Redemption of marketable securities

-

-

-

-

-

-

-

-

-

19,600

23,300

26,150

25,200

23,400

29,023

31,328

28,349

27,587

22,951

20,671

29,112

34,804

39,432

40,317

33,926

29,209

26,244

32,114

34,642

43,214

43,812

49,698

60,008

75,050

0

0

0

-

-

-

Additions to capitalized software costs

3,821

4,650

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of property, plant and equipment

20,542

18,504

14,680

12,070

11,159

10,635

9,136

7,190

5,723

5,454

4,549

5,595

5,189

4,325

4,035

2,297

1,787

2,628

4,693

6,114

6,277

5,602

3,824

4,753

4,909

4,635

4,213

1,855

1,429

1,263

1,061

920

732

782

708

628

524

0

0

0

Total cash used in investing activities

-206,517

-205,308

-203,654

-200,930

-16,301

-14,037

-10,201

-117,240

-106,337

-98,696

-132,391

-35,082

-44,317

-49,194

-11,206

4,308

5,712

4,791

896

-2,435

-20,474

-19,792

-28,594

-28,948

-11,895

-17,906

-4,739

-3,962

-1,822

2,840

-4,499

8

-5,396

-2,026

-4,251

-1,781

-1,503

0

0

0

Exercise of stock options

2,722

1,167

2,102

2,494

3,118

3,418

2,690

2,336

1,362

2,351

2,246

2,388

2,353

1,841

1,569

1,138

1,285

866

1,121

1,028

1,584

1,680

1,700

1,753

1,990

2,450

2,507

3,058

2,002

1,159

886

135

113

69

69

78

94

0

0

0

Repayment of senior convertible notes

-

-

-

-

-

11

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of tax withholding obligation on vesting of restricted stock

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments of contingent consideration

-

-

-

-

-

-

-

-

-

-

2,002

1,977

1,963

798

498

498

498

99

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchase and retirement of treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

419

0

0

0

-

-

-

Total cash provided by financing activities

486,412

484,867

486,091

192,100

3,118

3,407

2,666

131,596

130,608

129,945

129,553

158

111,460

112,113

112,141

111,963

787

767

1,626

929

1,485

1,680

1,544

1,825

2,062

2,522

2,131

3,058

2,002

1,159

886

-195

-217

-350

-406

-67

-50

0

0

0

Effect of exchange rate changes on cash, cash equivalents and restricted cash

-4,422

-3,190

-5,409

-1,776

-5,544

-2,077

-4,710

-2,427

1,616

2,376

666

-220

-3,172

-2,299

-287

-354

1,957

-1,882

-3,799

-5,431

-7,107

-4,756

-2,897

-312

137

74

265

264

296

602

0

0

0

-

-

-

-

-

-

-

Net increase in cash, cash equivalents and restricted cash

342,431

343,585

332,125

42,206

22,259

20,063

0

0

0

-

-

-30,415

76,450

68,141

109,567

132,610

22,003

18,729

12,177

6,255

-17,999

-4,467

-6,337

-3,575

20,639

10,620

23,854

21,451

15,777

18,042

7,889

8,413

-1,410

1,373

-4,663

-866

1,677

0

0

0

Supplemental disclosure of cash flow information:
Income taxes paid

7,206

6,505

5,132

5,293

4,164

4,046

3,586

3,329

3,777

4,021

4,660

4,162

4,135

3,993

5,165

5,300

4,887

4,948

4,547

3,508

3,181

2,547

739

1,161

1,071

1,264

0

0

0

-

-

-

-

-

-

-

-

-

-

-

Interest paid

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosure of non-cash investing and financing activities:
Assets acquired under operating leases

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash effect of adoption of ASU 2016-16

-

-

-

-

-

5,609

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of contingent consideration in common stock

-

-

-

-

-

-

-

-

-

1,063

1,062

1,062

1,062

875

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-