Resmed inc. (RMD)
CashFlow / Quarterly
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'10Mar'10Dec'09Sep'09
Cash flows from operating activities:
Net income

163,137

160,554

120,148

68,801

105,414

124,640

105,737

109,811

110,126

9,526

86,125

101,612

87,823

76,742

76,107

83,126

90,790

95,576

82,917

87,462

90,984

91,180

83,260

87,738

89,969

86,636

80,930

73,013

84,913

77,942

71,265

76,847

64,613

62,872

50,518

58,472

53,350

58,456

56,708

53,166

48,834

45,983

42,102

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

39,264

39,123

37,954

42,592

41,750

36,029

30,424

31,704

29,311

29,374

29,571

28,168

28,485

27,729

27,775

27,022

19,907

21,517

18,403

17,746

17,859

18,869

18,582

19,823

17,181

18,580

17,870

19,659

20,674

19,297

18,650

22,426

20,026

22,994

20,410

19,508

18,120

17,346

15,642

15,473

16,116

15,880

14,094

Amortization of right-of-use-assets

7,201

6,360

5,963

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation costs

14,112

14,053

13,256

14,217

12,845

12,534

12,477

12,479

11,975

12,010

11,948

11,662

11,461

10,753

12,049

11,629

10,938

11,458

12,383

13,053

11,718

11,717

11,367

10,778

11,219

10,644

10,816

10,499

10,215

9,522

7,921

8,141

7,855

7,385

7,205

7,613

6,693

8,153

8,350

7,884

8,038

7,289

6,523

Loss attributable to equity method investments (note 5)

-5,296

-6,923

-6,863

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of long lived assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,257

0

0

0

0

Impairment of equity investments (note 5)

9,100

2,829

2,590

6,206

5,842

1,248

1,711

7,973

1,366

1,292

962

1,367

382

206

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

250

Changes in fair value of business combination contingent consideration

0

1

-8

-14

0

-89

-183

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposal of business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

709

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for warranties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

956

-255

987

1,509

Foreign currency revaluation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,275

-3,623

1,653

-

5,351

-1,364

1,741

4,888

-740

12,274

-2,770

3,869

1,100

4,773

7,519

-1,534

3,548

1,924

3,349

Gain on previously held equity interest resulting from business combination

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,070

-

-

0

0

-

-

-

-

Excess tax benefit from stock-based compensation arrangements

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,221

9,849

8,314

2,575

4,947

1,902

7,245

2,241

5,550

4,538

4,459

3,760

4,871

2,081

940

856

2,944

3,016

6,153

2,397

5,027

2,979

3,094

2,069

Changes in operating assets and liabilities, net of effect of acquisitions:
Accounts receivable

33,865

28,561

-28,286

16,531

33,848

-12,024

-20,342

-7,065

13,276

49,462

-23,317

30,811

25,713

43,287

-36,207

30,105

21,735

5,965

-30,498

13,445

25,881

9,737

-20,804

22,235

34,934

18,207

-40,268

28,053

14,972

12,639

-18,397

20,050

26,553

-12,020

-14,290

19,310

13,209

9,995

-11,715

11,514

18,885

1,569

-7,226

Amortization of deferred borrowing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-280

Inventories

-5,730

14,090

14,204

29,186

24,432

14,909

15,661

-12,640

-9,614

-6,182

26,942

3,453

2,042

8,031

28,073

-4,480

-17,261

-25,945

17,194

18,731

16,387

26,509

37,897

116

-13,899

2,787

26,847

-17,280

-26,360

-201

16,698

-6,032

-3,838

-4,693

-4,243

-7,815

-12,615

-3,519

12,555

-2,634

15,438

7,601

11,867

Prepaid expenses, net deferred income taxes and other current assets

1,906

58,411

8,407

30,122

-9,469

19,219

7,703

88,394

69,474

-12,550

15,408

-9,297

13,357

-3,918

19,115

-12,022

14,299

-17,924

3,526

19,362

-822

-10,859

15,168

-9,834

6,114

-6,545

4,451

24,797

1,131

263

2,487

10,897

5,475

-9,470

31,036

705

-9,260

1,942

-5,421

4,529

5,982

5,247

254

Accounts payable, accrued expenses and other

31,626

-58,849

-30,078

79,393

18,519

-26,165

-99,025

36,110

69,051

111,079

-15,590

22,471

-10,981

41,793

-18,707

37,618

21,938

-14,301

1,127

37,331

21,675

17,937

8,872

17,686

17,052

-13,624

-24,267

57,720

-9,170

2,457

-13,293

24,091

23,063

2,114

24,049

7,265

-822

3,700

-18,479

-4,938

27,641

-38,856

9,696

Net cash provided by operating activities

239,695

69,932

162,363

141,818

139,646

129,468

48,119

129,416

149,076

132,551

93,983

140,313

67,598

119,899

86,243

142,960

124,751

155,614

124,608

99,701

90,941

106,002

86,536

115,583

101,095

84,165

90,425

123,922

107,000

93,647

78,254

96,977

86,026

110,633

89,523

74,328

81,408

68,311

59,143

58,962

53,542

11,568

64,141

Cash flows from investing activities:
Purchases of property, plant and equipment

29,589

25,100

22,671

22,203

15,082

18,431

12,994

17,620

12,961

15,970

16,030

18,362

14,610

14,687

14,560

14,401

13,199

14,531

16,403

12,236

10,591

18,994

20,681

18,512

17,784

19,674

16,752

16,003

19,941

13,804

13,831

12,068

9,878

12,311

12,878

17,446

16,044

17,786

15,333

16,322

11,940

14,515

14,078

Patent registration costs

2,520

2,802

2,069

2,076

1,913

2,032

2,611

2,133

2,119

2,382

2,242

2,277

2,377

2,132

2,471

2,404

1,989

2,479

2,423

2,333

2,299

2,444

2,366

2,743

2,348

1,664

1,679

2,350

1,052

3,766

1,035

1,466

1,725

2,095

1,686

1,439

1,383

2,145

1,464

1,308

893

1,257

1,328

Purchases of other intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

7,000

-

-1,130

1,130

0

-

-

-

-

Business acquisitions, net of cash acquired (note 13)

-

-

-

-182

212,316

612,810

126,439

-

-

-

-

3,880

210

94

3,090

-

-

-

-

2,451

9,175

10,463

7,318

-

-

-

-

0

0

0

5,418

0

1,399

0

51,923

0

1,300

0

21,150

0

0

10,660

0

Purchases of investments (note 5)

9,775

19,100

2,741

15,625

3,125

25,500

2,467

8,050

2,720

500

3,225

0

2,597

1,109

2,758

750

633

3,000

4,582

250

0

10,000

500

5,575

3,750

850

675

-

-

-

-

0

0

3,631

1,165

600

660

0

1,166

0

0

0

0

Purchases of foreign currency contracts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

522

95

98

402

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from divestiture of business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

468

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on maturity of foreign currency contracts

33,241

-6,807

5,743

4,166

-7,029

-551

3,678

10,303

1,337

9,403

-6,073

6,761

-1,876

1,501

-9,710

1,853

-22,615

-11,015

39,341

5,975

-3,068

17,094

11,206

-4,814

-1,613

1,593

2,486

6,943

-751

-3,031

-5,703

-32,072

8,461

2,069

2,967

4,841

4,581

5,621

4,368

3,407

3,485

4,418

2,901

Proceeds from sale of maturing investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,950

0

50

1,000

0

Purchases of foreign currency options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

493

920

430

113

246

2,565

-195

-891

Net cash used in investing activities

-99,612

-43,618

-33,224

-43,888

-225,407

-658,222

-148,189

-38,526

-19,619

-28,255

-15,424

-31,280

-17,918

-19,523

-13,169

-818,159

-83,733

-161,113

-62,749

-23,476

-18,997

-58,995

-41,603

-22,836

-23,201

-27,358

-21,592

-26,485

-21,004

-15,528

-14,983

-8,151

-5,811

-15,968

-71,685

-15,137

-14,596

-15,870

-30,908

-14,299

-9,407

-21,209

-13,396

Cash flows from financing activities:
Proceeds from issuance of common stock, net

1,815

18,688

5,609

21,381

2,562

12,271

513

14,643

3,634

16,825

3,615

23,065

5,439

3,486

6,330

10,757

8,871

3,714

4,352

15,630

13,245

5,001

4,930

17,730

5,488

3,666

6,470

19,356

16,575

11,641

21,667

25,053

17,503

10,581

9,354

20,288

20,620

39,986

13,756

29,871

26,842

25,126

13,383

Taxes paid related to net share settlement of equity awards

-4,015

-40,765

-326

-224

-540

-27,216

-124

-

-

-

-

-

-

-

-

-

-

-

-

4,221

9,849

8,314

2,575

4,947

1,902

7,245

2,241

5,550

4,538

4,459

3,760

4,871

2,081

940

856

2,944

3,016

6,153

2,397

5,027

2,979

3,094

2,069

Purchases of treasury stock

-

-

-

0

0

3,445

19,399

-

-

-

-

-

-

-

-

0

0

44,201

57,857

57,005

19,240

37,252

46,803

32,771

75,806

70,770

22,822

70,919

67,288

39,956

8,095

91,715

65,057

114,274

121,697

62,447

59,534

18,724

22,637

54,550

10,703

32,368

33,461

Payments of business combination contingent consideration

0

0

302

261

218

190

240

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

458

0

675

0

442

6,149

0

0

1,641

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from borrowings, net of borrowing costs

260,000

165,000

565,000

105,000

323,000

788,230

303,000

230,000

70,000

0

50,000

100,000

275,000

50,000

25,000

830,000

110,000

0

200,000

20,000

11,000

74,000

75,000

49,996

14,930

432,908

60,000

60,000

40,000

35,000

15,000

85,000

10,000

95,384

80,000

19,735

78,695

0

0

-

-

-

-

Repayment of borrowings

183,000

86,009

614,003

170,351

188,596

266,665

86,133

756,242

280,000

0

110,000

190,000

275,000

55,000

25,000

90,602

92,932

100,152

8

180,009

1,508

9

10

145,006

55,010

360,010

9

100,045

9

9

158

70,098

494

2,937

52,456

72

64,137

29,382

30,000

20,000

175

18,263

0

Dividend paid

56,408

56,150

56,052

53,120

53,025

52,774

52,793

49,970

49,974

49,855

49,698

46,800

46,681

46,487

46,378

42,104

41,972

41,975

42,079

39,400

39,385

39,278

39,199

35,131

35,262

35,647

35,478

24,265

24,251

25,845

22,843

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

18,392

764

-100,074

-97,575

83,183

450,211

144,824

-588,668

-276,519

-55,424

-106,083

-121,894

-52,924

-48,001

-40,048

708,051

-16,141

-183,734

104,408

-236,563

-26,039

10,776

-3,965

-140,235

-144,433

-22,608

9,960

-116,472

-30,435

-14,710

7,690

-46,889

-35,967

-10,306

-83,943

-19,552

-21,340

-1,967

-36,484

-39,652

18,943

-22,411

-18,009

Effect of exchange rate changes on cash

-9,709

4,863

-4,039

260

-377

-2,177

-3,267

-17,802

-7,556

-1,075

16,691

7,486

42,408

-45,887

17,198

-19,913

34,814

25,984

-61,463

11,262

-60,275

-58,782

-65,004

14,655

32,427

-38,098

21,733

-117,615

-1,143

4,242

10,127

-8,463

8,586

28,811

-59,099

23,924

10,031

25,723

59,477

-37,171

6,427

5,659

29,438

Net increaase (decrease) in cash and cash equivalents

148,766

31,941

25,026

615

-2,955

-80,720

41,487

-515,580

-154,618

47,797

-10,833

-5,375

39,164

6,488

50,224

12,939

59,691

-163,249

104,804

-149,076

-14,370

-999

-24,036

-32,833

-34,112

-3,899

100,526

-136,650

54,418

67,651

81,088

33,474

52,834

113,170

-125,204

63,563

55,503

76,197

51,228

-32,160

69,505

-26,393

62,174

Supplemental disclosure of cash flow information:
Income taxes paid, net of refunds

8,853

111,011

30,937

31,044

19,319

67,492

125,005

95,534

23,663

21,299

30,157

16,180

16,439

32,021

28,261

13,287

16,497

21,064

18,118

14,702

4,901

14,557

14,373

14,056

14,403

22,112

39,612

23,353

18,137

19,669

24,565

26,985

6,366

17,561

4,294

20,895

20,655

21,261

22,293

19,164

7,451

61,380

8,679

Interest paid

9,968

10,220

10,992

12,548

12,413

7,487

3,708

5,482

7,718

7,370

7,785

7,756

7,382

6,697

6,401

6,319

1,891

1,749

1,247

1,525

1,509

1,511

1,233

1,449

1,442

1,639

1,599

1,747

1,720

1,557

1,363

1,690

1,304

1,086

706

637

427

275

419

1,006

560

640

461

Fair value of assets acquired, excluding cash

-

-

-

28,718

57,334

300,663

42,807

-

-

-

-

4,649

1,292

2,628

1,891

213,220

51,573

73,560

0

1,331

3,906

7,829

7,342

-

-

-

-

0

0

-1,800

7,770

-

-

-

-

-

1,300

0

17,142

0

0

7,937

0

Liabilities assumed

-

-

-

-55,706

22,369

256,649

41,905

-

-

-

-

-

-

-

-

-

-

-

-

143

1,800

3,417

3,168

-

-

-

-

0

0

-558

2,836

-

-

-

-

-

0

0

450

7,818

-532

-3,377

0

Goodwill on acquisition

-

-

-

-85,099

184,066

570,316

125,037

-

-

-

0

1,791

-341

-2,552

457

-

-

-

-

1,825

6,807

5,861

6,454

-

-

-

-

0

0

292

13,584

-

-

-

-

-

800

0

4,958

0

532

8,183

0

Deferred payments

-

-

-

14,810

-6,716

-1,352

500

-

-

-

-

921

-1

-94

-742

-

-

-

-

62

-262

-502

2,405

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value of contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

500

0

312

905

-

-

-

-

0

0

-950

13,100

-

-

-

-

-

-

-

-

-

-

-

-

Total purchase price

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,300

0

21,650

0

0

10,660

0

Less: Consideration not paid in the current period

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

500

-

-

-

-

Less: Deposit paid in previous period

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Cash paid for acquisitions

-

-

-

-182

212,316

612,810

126,439

-

-

-

-

3,880

210

94

3,090

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,300

0

21,150

21,320

0

-10,660

0

Total cash component of purchase price

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,175

10,463

7,318

-

-

-

-

-

0

0

5,418

-

-

-

-

-

-

-

-

-

-

-

-