Silicon laboratories inc. (SLAB)
CashFlow / Quarterly
Apr'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'10
Operating Activities
Net income

2,244

9,715

20,181

-16,029

5,398

15,145

27,761

14,280

26,405

-4,852

19,949

16,569

15,426

20,109

20,018

15,559

5,808

5,658

9,975

7,575

6,378

10,024

5,608

14,279

8,110

10,642

6,531

12,612

20,034

18,695

10,024

20,509

14,320

12,805

11,255

13,372

-1,960

12,883

18,233

21,047

21,079

Adjustments to reconcile net income to cash provided by operating activities:
Depreciation of property and equipment

4,183

4,208

4,228

4,310

4,137

4,131

4,138

3,939

3,704

3,698

3,760

3,712

3,596

3,304

3,237

3,365

3,310

3,224

3,264

3,042

2,987

3,049

3,085

3,137

3,290

3,441

3,416

3,337

3,297

3,374

3,498

3,206

3,543

3,451

3,439

3,427

3,253

3,061

2,915

2,942

2,879

Amortization of other intangible assets and other assets

9,827

9,693

9,415

10,156

10,320

10,780

14,956

11,939

6,427

6,715

6,960

6,819

6,752

6,254

5,927

7,554

7,980

7,445

6,989

8,176

6,521

4,833

4,251

4,348

4,491

4,860

5,416

2,795

2,840

3,153

6,442

2,279

2,280

2,460

2,493

3,020

3,057

2,033

1,810

1,802

1,849

Amortization of debt discount and debt issuance costs

3,736

3,454

3,372

3,338

3,321

3,314

3,224

3,185

3,169

3,162

3,077

3,038

869

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

15,313

14,757

13,789

13,669

12,584

13,184

12,582

12,119

12,192

11,745

11,355

11,166

10,486

9,571

9,196

10,517

10,344

11,993

9,222

11,057

10,519

10,894

9,614

9,282

9,277

8,496

8,620

7,424

6,260

7,380

7,931

9,172

6,693

8,891

9,150

8,601

9,473

9,063

10,330

10,675

10,256

Income tax shortfall from stock-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

60

393

193

1,025

3,755

1,054

-1,008

-1,773

-76

-36

-332

-45

-15

132

126

363

474

326

29

-2,656

-513

-218

-899

-1,184

-

-

-

-

Income tax benefit from employee stock-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,286

Excess income tax benefit from stock-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

-

62

271

1,785

-22

65

354

235

6

41

26

217

-1,176

20

24

2,426

293

148

821

1,142

404

224

984

800

Deferred income taxes

-2,364

-1,483

488

27,573

-3,530

-5,216

2,836

-1,050

-4,780

-20,749

539

-2,183

-4,059

-2,627

-2,277

855

-38

-3,707

-2,321

-2,952

6,844

-840

-771

-2,119

6,784

-3,471

-2,487

1,756

7,521

-299

3,399

-1,476

3,101

-2,456

1,830

-1,185

1,366

1,097

-1,330

-935

616

Changes in operating assets and liabilities:
Accounts receivable

-1,542

-574

3,868

2,430

-3,323

-1,413

-19,223

13,398

3,307

-4,821

700

-365

1,252

-11,368

12,933

-2,601

990

10,395

-10,373

4,840

-6,564

-988

2,313

4,370

-7,452

3,627

-3,211

-4,132

-5,256

2,273

1,155

11,241

6,074

-3,019

-11,981

11,858

11,704

-18,771

-12,517

19,142

804

Inventories

-4,777

1,341

-2,394

3,370

-4,488

-2,594

-5,631

-2,803

3,368

220

5,459

6,101

1,636

4,535

-1,330

7,468

-4,580

166

-8,793

110

6,424

5,579

1,468

1,206

-1,083

625

-7,241

-6,322

7,350

7,062

4,695

1,746

-447

-3,664

352

-2,781

759

1,324

9,024

1,295

-3,832

Prepaid expenses and other assets

-23,576

14,436

-12,075

-4,916

-6,410

11,309

-8,108

-15,410

17,169

-1,760

-10,967

-5,831

-6,708

10,972

-4,122

5,877

-9,159

9,279

-7,957

8,132

-8,584

3,295

-9,233

10,872

-14,266

908

6,629

-403

-4,620

2,654

-8,477

-225

-4,581

6,175

-1,248

-3,478

4,499

-227

8,735

-4,181

973

Accounts payable

2,748

1,411

1,098

4,607

714

-2,723

5,695

-10,050

13,030

-2,214

-617

-3,202

5,565

-1,017

2,960

-3,239

1,559

12,348

-2,327

-3,806

447

6,401

1,228

2,651

1,195

-962

-746

-4,627

2,356

-1,896

347

4,557

4,209

-3,047

612

5,046

-4,787

-1,384

-2,408

1,969

1,046

Other current liabilities and income taxes

-9,134

8,776

2,499

-2,105

-15,996

1,986

-6,565

-7,606

-9,643

52,628

9,282

2,958

-2,944

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue and returns liability

4,114

-2,576

561

-2,705

1,477

-3,386

1,377

-1,594

-2,599

-6,586

7,788

-787

4,038

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,558

-1,888

6,260

-

747

4,019

-5,046

-1,085

9,059

-1,670

21,367

3,327

3,149

-1,683

-4,330

4,044

4,406

-116

-5,087

-2,139

3,660

-1,207

-1,634

-2,445

4,300

-3,335

-1,110

Deferred income on shipments to distributors

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,800

-1,785

5,558

-2,473

-693

-1,083

-1,049

1,594

3,631

848

1,736

788

-3,462

891

-598

-644

3,895

-1,935

3,307

-3,410

-3,662

2,864

2,293

-7,066

4,240

533

-50

Income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,797

-1,832

494

-

3,758

1,238

-8,409

1,527

232

3,194

-8,324

6,618

5,010

3,379

-9,818

-3,438

9,294

-8,269

-5,403

4,568

-2,385

439

3,233

-499

-2,007

2,723

-7,991

Other non-current liabilities

-862

-1,081

-2,735

-2,591

-631

-1,497

-4,618

-1,411

-1,849

-1,753

-6,100

367

-1,536

266

-154

-153

-10,584

-1,130

-4,409

-1,806

-3,816

1,247

2,809

-1,014

-23,585

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

59,700

31,671

63,497

39,339

32,015

28,416

94,348

28,566

22,212

48,155

60,801

38,552

42,013

22,291

46,188

18,022

42,409

18,032

50,212

13,115

24,088

29,856

44,169

16,466

46,952

24,956

29,097

36,589

29,508

12,731

43,060

15,112

26,147

23,173

39,339

28,856

-2,626

34,453

30,949

21,418

31,115

Investing Activities
Purchases of available-for-sale investments

70,910

117,879

122,475

120,593

63,577

141,931

105,536

95,616

52,821

164,425

82,704

121,457

267,777

53,490

39,519

47,675

44,547

51,933

8,525

33,871

13,037

28,721

19,629

74,378

43,366

49,566

42,323

43,143

78,851

53,628

33,653

22,324

82,845

64,892

37,928

44,364

31,492

64,275

77,117

95,028

121,357

Sales and maturities of available-for-sale investments

126,920

76,797

116,712

52,360

99,068

102,244

76,480

166,430

128,975

150,687

51,458

66,712

25,595

32,410

50,561

32,296

46,654

35,569

43,503

35,020

57,739

56,511

38,206

33,561

28,242

23,888

40,066

121,196

25,674

25,545

23,458

125,996

60,518

27,212

61,431

49,739

55,092

75,238

118,597

91,247

67,697

Purchases of property and equipment

4,135

3,506

3,371

5,528

3,874

6,195

6,861

7,304

4,102

1,758

2,104

3,847

4,543

2,382

3,399

2,843

2,303

3,987

2,567

2,723

1,991

5,725

2,161

1,666

1,673

1,488

2,486

2,600

3,898

2,323

94,625

2,667

2,428

1,218

2,414

2,361

2,697

7,058

3,481

1,564

1,747

Purchases of other assets

370

1,264

4,544

2,174

414

1,975

3,195

1,195

4,698

2,338

838

338

1,446

3,807

2,779

1,108

1,107

1,108

3,420

936

935

2,175

613

613

2,113

2,440

1,061

1,210

1,228

2,362

-1,773

7,069

850

3,127

226

81

584

1,225

230

3,481

3,436

Acquisitions of businesses, net of cash acquired

-

-

-

-

-

-

-

-

-

1,510

0

0

13,658

-

-

-

-

19,213

0

0

76,899

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-284

27,546

-

-

-

-

Net cash provided by investing activities

51,505

-48,362

-13,678

-75,935

31,203

-47,857

-39,112

-177,414

67,354

-19,344

-34,188

-58,930

-261,829

-33,815

4,864

-19,330

-1,303

-40,672

28,991

-2,510

-35,123

19,890

15,803

-43,096

-18,910

-29,606

-92,245

74,243

-58,303

-32,768

-174,899

93,936

-25,605

-42,025

20,863

3,217

-7,227

-6,990

37,769

-27,177

-58,843

Financing Activities
Proceeds from revolving line of credit

310,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of long-term debt

-

-

-

-

-

-

-

-

-

10,532

0

-532

390,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on debt

-

-

-

-

-

-

-

-

-

-

-

-

72,500

-

0

2,500

2,500

2,500

87,123

2,500

2,583

3,750

1,250

1,250

1,250

1,250

8,434

1,250

2,500

-

-

-

-

0

0

0

7,174

-

-

-

-

Repurchases of common stock

16,287

0

0

11,712

15,004

-

-

-

-

-

-

-

-

0

4,440

17,619

18,484

0

61,030

280

10,138

-

-

-

-

-

-

-

-

-

-

-

-

0

86,822

22,635

606

0

40,022

76,217

24,092

Payment of taxes withheld for vested stock awards

16,294

607

1,184

396

14,113

556

519

537

17,871

883

769

27,654

-13,553

20,709

-840

-1,791

-7,517

1,280

-1,869

-8,222

-2,561

-18,181

-384

3,447

5,496

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the issuance of common stock

-

-

-

-

-

6,718

0

5,374

1,211

4,979

0

6,674

162

-

-

-

-

-

-

-

-

-

-

-

-

-

2,388

4,597

4,915

12,113

113

2,816

106

5,340

-169

6,069

-3,580

3,049

-2,238

9,761

7,483

Payment of acquisition-related contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

4,464

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess income tax benefit from stock-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

62

271

1,785

-22

65

354

235

6

41

26

217

-1,176

20

24

2,426

293

148

821

1,142

404

224

984

800

Net cash provided by (used in) financing activities

277,419

6,781

-2,312

-4,999

-29,117

-8,842

-24,774

1,440

-16,660

4,096

-769

5,594

304,109

4,435

-4,191

-24,048

-28,501

1,085

-68,614

1,736

-17,961

-19,745

-41,557

-8,403

4,481

-16,089

-13,781

3,373

2,632

-42

83,591

-33,333

2,532

5,633

-86,843

-15,745

-10,218

3,453

-42,036

-65,472

-15,809

Increase in cash and cash equivalents

388,624

-9,910

47,507

-41,595

34,101

-28,283

30,462

-147,408

72,906

32,907

25,844

-14,784

84,293

-7,089

46,861

-25,356

12,605

-21,555

10,589

12,341

-28,996

30,001

18,415

-35,033

32,523

-20,739

-76,929

114,205

-26,163

-20,079

-48,248

75,715

3,074

-13,219

-26,641

16,328

-20,071

30,916

26,682

-71,231

-43,537