RAMBUS INC RMBS Cash Flow

Rambus inc (RMBS)

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	Mar'10
Cash flows from operating activities:
Net loss
-7,983	-9,532	-17,331	-36,980	-26,576	-2,018	-104,893	-15,357	-35,689	-36,168	7,695	2,605	3,006	-3,445	4,511	3,876	1,878	12,992	182,033	6,861	9,502	7,841	5,513	5,043	7,804	-9,777	-5,725	-7,844	-10,402	-16,132	-58,098	-32,216	-27,890	-28,716	478	-10,585	-4,230	33,084	-20,576	-12,490	150,899
Adjustments to reconcile net loss to net cash provided by operating activities:
Stock-based compensation
6,072	4,819	7,388	7,080	7,189	6,145	6,189	1,888	7,514	7,234	6,964	6,609	6,596	5,657	5,443	5,049	4,864	3,347	3,568	4,415	3,766	3,535	3,441	4,855	2,899	3,096	3,363	3,574	4,948	4,516	5,089	6,215	6,726	6,458	7,219	7,029	7,290	7,320	7,463	7,931	7,834
Depreciation expense and amortization of operating leases' right of use assets
7,300	7,281	6,294	5,123	4,809	2,638	2,578	2,587	2,942	3,304	3,249	3,330	3,392	3,577	3,423	2,996	2,969	3,005	3,079	3,068	3,227	3,275	3,371	3,498	3,481	3,885	3,895	3,880	3,791	3,607	3,215	3,269	3,099	3,306	3,117	2,668	2,803	2,868	2,374	2,386	2,473
Amortization of intangible assets
4,700	4,000	3,200	4,900	5,000	4,900	5,100	8,800	10,500	10,564	10,498	10,450	10,488	11,093	10,174	8,152	7,719	6,160	6,269	6,345	6,300	6,323	6,741	6,757	6,797	7,489	7,383	6,997	7,040	6,810	7,976	7,943	7,616	7,283	6,927	4,002	1,979	1,479	1,299	1,202	1,086
Non-cash interest expense and amortization of convertible debt issuance costs
1,773	1,750	1,725	1,701	1,678	1,656	2,191	2,716	2,680	2,254	1,801	1,774	1,749	1,724	1,699	1,675	1,651	1,628	1,604	1,581	1,559	1,537	1,515	5,469	6,242	5,927	5,135	4,145	4,089	3,839	3,789	3,557	3,510	3,296	3,254	3,056	3,016	2,834	2,797	1,584	3,860
Deferred income taxes
327	302	-1,852	-52	-214	1,294	88,862	-1,368	-8,834	43,643	-4,622	728	-214	-2,959	-6,973	1,674	1,142	-1,197	-172,742	589	644	-4,165	534	-26	5,967	1,014	-270	612	263	3,767	-39	0	0	3,167	-3,364	-3	-46	25	-49	-20	-29
Income (Loss) from Equity Method Investments
-212	-	-	-	-81	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess Tax Benefit from Share-based Compensation, Operating Activities
-	-	-	-	-	-	-	-	-	-	-	-	-	269	336	106	485	95	169	301	182	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash restructuring
-	-	-	-	-	0	0	0	670	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	653	0	0	0	0	-	-	-	-	-	-	-	-
Available-for-sale Securities, Gross Realized Gain (Loss), Excluding Other than Temporary Impairments
-	-	-	-	-	0	0	136	155	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Sale of Equity Investments
-	-	-	-	-	-67	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Available-for-sale Securities, Gross Unrealized Gain (Loss)
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from disposal of property, plant and equipment
0	-16	12	-55	-98	123	-471	-92	45	-58	11	-193	13	-29	-8	0	37	413	106	884	2,267	3,359	0	0	170	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of earn-out liability
-1,800	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain from sale of intellectual property
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	103	1,285	0	0	0	0	-	-	-	-	-	-	-	-
Change in operating assets and liabilities, net of impact of acquisitions:
Accounts receivable
325	5,429	8,605	-11,656	-7,372	8,071	3,197	12,904	761	-22,546	10,504	7,668	5,484	-5,464	14,476	-4,794	-10,015	6,094	3,569	204	540	902	-7,404	4,687	5,565	654	594	943	-469	77	339	-615	-298	109	-437	-175	-2,211	2,445	-89	-226	-479
Unbilled receivables
-41,321	-38,249	-37,936	-31,147	-44,181	-26,292	-50,967	-20,127	-47,778	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses and other assets
-1,854	468	104	-5,789	1,153	355	1,114	379	2,236	2,470	-1,708	-451	-4,665	3,062	1,824	-241	1,560	-2,694	1,630	670	1,436	-2,190	431	1,100	183	-276	-2,735	-198	-2,965	-1,635	-1,636	-908	-4,200	-3,260	-3,065	-2,828	343	-3,046	-3,474	1,881	-4
Inventories
-238	232	528	1,223	1,370	585	231	445	595	144	-313	-512	208	-2,492	207	-301	838	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable
416	-1,864	3,718	-1,091	2,171	-2,421	951	733	-1,531	2,144	-2,399	582	-978	71	135	1,901	266	-1,620	872	-908	-965	1,581	-331	7	749	-1,145	466	1,378	-2,243	-493	-681	1,075	-9,565	-2,107	6,374	2,094	4,091	-1,366	-2,120	314	-639
Accrued salaries and benefits and other liabilities
-7,966	9,314	-1,406	3,926	-4,699	3,602	-11,603	5,893	-1,113	6,401	-2,197	5,442	-4,943	3,253	4,274	-480	-8,566	5,130	-3,477	2,156	-5,959	5,679	-3,911	-13,007	-6,623	8,798	1,376	-23,611	4,646	-9,725	12,634	-10,168	1,502	8,734	5,668	9,359	-24,502	7,799	7,606	3,397	9,248
Accrued litigation expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-213	174	-947	306	672	2,195	2,891	684	170	858	-1,523	-592
Increase (decrease) in income taxes payable
-4,069	-5,101	-3,858	-3,027	-3,939	-4,932	-4,414	-4,642	-562	1,821	3,661	-4,862	241	-	-	-	-	-	311	368	-86	-	-17	846	-4,828	-1,096	-164	166	378	-2,857	24	105	-794	-3,221	3,194	-3,522	2,502	1,259	-185	-2,443	2,875
Deferred revenue
-1,826	2,121	3,122	-5,169	-3,571	6,875	-206	-2,624	-3,817	-2,641	-842	5,210	-1,120	-219	5,738	3,030	-1,236	1,433	-744	1,146	1,272	1,906	-468	2,288	-59	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in operating lease liabilities
2,978	2,351	2,405	2,242	2,284	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
37,258	35,411	25,664	38,699	28,761	35,053	31,634	3,653	16,777	59,590	15,314	25,356	17,177	34,113	11,228	32,479	17,782	23,548	15,299	23,540	14,857	26,052	23,961	9,943	16,511	20,211	25,670	-10,151	15,312	2,289	10,851	-19,644	-10,992	2,023	35,564	19,992	-4,545	55,837	2,941	-1,058	177,498
Cash flows from investing activities:
Purchases of property, plant and equipment
1,950	2,311	1,378	2,119	664	2,913	2,562	3,599	1,688	3,941	1,962	1,564	1,918	3,806	1,193	1,958	1,599	1,383	1,632	2,022	1,095	1,611	1,300	1,148	3,145	996	633	1,606	3,703	6,007	7,454	5,305	3,043	4,481	3,935	4,537	6,478	13,600	10,557	2,009	534
Payments to Acquire Intangible Assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	156	0	625	1,875	0	75	1,375	250	-	-	-	-	-	-	-	-
Purchases of marketable securities
169,866	193,583	186,144	146,105	131,601	89,293	113,617	0	79,207	102,497	0	0	0	-	-	-	-	32,949	27,197	50,886	46,779	40,070	34,141	132,020	34,050	23,958	41,100	23,797	36,699	33,154	27,920	49,642	0	79,807	17	12	94,160	109,657	129,501	53,091	136,519
Maturities of marketable securities
215,164	129,533	161,470	85,610	130,772	41,375	49,881	117,598	14,225	0	0	5,000	27,048	24,335	3,775	27,386	54,585	31,325	11,000	30,326	40,070	32,099	35,208	25,378	26,050	22,300	33,050	31,000	33,250	33,600	23,650	42,910	82,926	83,558	46,319	145,183	62,820	78,158	122,675	56,244	39,562
Settlement of working capital adjustment from disposal of business
1,131	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,486	20,048	6,600	-	0	17,689	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of property, plant and equipment
-	-	-	-	-	0	0	0	10	5	11	0	17	113	0	0	0	423	106	1,124	2,280	3,359	0	1,250	1,250	5	0	250	2,000	0	0	0	0	-	-	-	-	-	-	-	-
Acquisition of businesses, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	0	122,000	0	80,523	0	0	0	0	-	-	-	-	-	-	-	-	0	0	3,881	42,397	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
42,217	-30,565	-45,802	-63,614	-1,493	-54,181	-66,298	119,103	-66,660	-106,433	-2,071	7,886	25,147	20,642	-113,418	15,105	-27,537	2,662	-1,237	-1,410	1,076	1,074	-233	-88,851	-9,895	8,215	-8,683	5,222	-7,027	-5,561	-11,799	-17,293	37,236	-1,708	42,157	-26,736	-37,818	-61,955	-20,469	-1,588	-97,491
Cash flows from financing activities:
Repayment of senior convertible notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	136,950
Proceeds received from issuance of common stock under employee stock plans
4,005	3,356	1,529	5,363	4,856	2,136	3,416	4,792	1,058	5,034	2,447	6,098	2,247	3,159	4,018	4,460	3,799	3,702	1,028	7,629	1,424	2,743	2,481	4,503	1,352	3,781	1,556	3,054	0	2,375	558	1,107	63	2,800	1,529	4,690	3,263	5,615	1,412	5,823	3,664
Principal payments against financing lease obligation
-	-	-	-	-	294	287	258	241	235	230	205	190	185	181	155	140	137	133	110	98	96	94	72	60	59	57	36	26	505	1	13	3	3	13	23	417	-	-	-	-
Proceeds received from issuance of contingently redeemable common stock and common stock pursuant to the settlement agreement with Samsung
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	192,000
Proceeds from landlord for tenant improvements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-1,803	-258	-6,739	-	-	-	-
Repurchase and retirement of common stock, including prepayment under accelerated share repurchase program
-	-	-	-	-	2	0	31	50,000	2	0	50,036	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	90,000	9,823	68,812	26,473
Incremental tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	269	336	106	485	95	169	301	182	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of taxes on restricted stock units
7,218	1,358	1,394	485	3,786	802	769	295	4,900	1,574	701	231	2,593	1,203	289	90	1,482	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments under installment payment arrangement
2,551	4,049	1,850	1,240	1,240	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	1,717	0	28	28	1,745	28	28	28	1,774	28	121	0	1,670	0	611	250	2,724	400	750	400
Net cash used in financing activities
-5,764	-2,051	-1,715	3,638	-170	1,038	-78,847	4,208	-54,083	89,839	1,516	-44,374	-536	-8,166	3,884	4,321	2,662	-98,972	1,064	7,820	1,508	1,411	2,387	-168,097	1,264	2,277	135,868	2,990	-54	96	529	973	60	1,127	-96,681	4,314	9,335	3,183	-98,811	-63,739	31,841
Effect of exchange rate changes on cash and cash equivalents
-452	0	-497	0	0	-192	-239	-1,041	483	503	379	884	373	-774	-226	-523	-42	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase in cash, cash equivalents and restricted cash
73,259	10,340	-25,798	-25,374	27,098	-18,282	-113,750	125,923	-103,483	43,499	15,138	-10,248	42,161	45,815	-98,532	51,382	-7,135	-72,789	15,076	29,910	17,441	28,440	26,115	-247,005	7,880	30,735	152,685	-1,939	8,231	-3,222	-378	-35,964	26,304	1,400	-18,960	-2,430	-33,028	-2,935	-116,339	-66,385	111,848
Supplemental disclosure of cash flow information:
Non-cash investing and financing activities during the period:
Assumed cash liability from acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-697	-624	12,100	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash obligation for property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	504	0	1,513	495	-	-	-	-	1,460	0	0	800
Property, plant and equipment received and accrued in accounts payable and other liabilities
33,190	4,847	-1,765	19,934	6,828	7,550	-1,118	1,507	286	-202	1,118	24	152	-768	1,098	-584	830	-302	-135	429	248	-214	596	-114	280	5,657	140	-54	166	-977	-1,076	-131	3,893	1,899	654	-1,822	2,362	-	-	-	-
Intangible assets acquired under installment payment arrangement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,050	-	-	-	-	-	-	-	-
Remaining purchase consideration for acquisition of business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,881	-	-	-	-	-	-	-	-