STRATASYS LTD. SSYS Cash Flow

Stratasys ltd. (SSYS)

CashFlow / Yearly

Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10
Cash flows from operating activities
Net loss
-40,459	-77,621	-1,373,511	-119,470	-26,907	8,823	20,626	9,370
Adjustments to reconcile net loss to net cash provided by operating activities:
Goodwill impairment
0	0	942,408	102,470	0	0	-	-
Impairment of other long-lived assets
6,759	24,924	288,977	14,636	0	-	-	-
Depreciation and amortization
66,635	92,877	108,395	109,429	92,436	19,497	10,348	-
Stock-based compensation
17,722	20,773	30,010	30,207	24,262	8,874	1,587	1,242
Other impairment charges
-	-	-	-	-	0	-	-
Foreign currency transaction loss (gain)
10,429	-2,147	-8,612	-10,327	1,470	0	-	-
Depreciation
-	-	-	-	-	-	-	6,360
Amortization
-	-	-	-	-	-	-	2,982
Deferred income taxes
-2,404	10,378	19,129	53,887	19,449	3,450	113	328
Excess tax benefit from stock options
-	-	-	-	-	-15,192	-	-
Change in fair value of obligations in connection with acquisitions
1,378	-872	-23,671	-26,150	754	0	-	-
Excess tax benefit from stock options and warrant
-	-	-	-	2,817	-	2,620	2,515
Other non-cash items, net
-3,520	-1,220	-17	-275	53	461	1,987	-
Change in cash attributable to changes in operating assets and liabilities:
Fair value of warrant related to OEM agreement
-	-	-	-	-	-	-	4,988
Gain on disposal of property, plant and equipment
-	-	-	-	-	-	-	0
Gain on sale of investments
-	-	-	-	-	-	-	0
Loss on amounts funded in respect of employee rights upon termination
-	-	-	-	-	-	-	0
Accounts receivable, net
7,581	-2,009	-25,075	46,717	32,763	19,635	5,739	801
Inventories
-2,174	-642	12,408	39,370	27,102	7,724	5,846	5,367
Net investment in sales-type leases
-12,196	-5,646	6,497	5,078	4,909	4,216	2,625	-932
Other current assets and prepaid expenses
3,665	-395	-11,262	10,537	-1,222	7,333	-	-
Other non-current assets
802	-933	439	-1,558	1,625	-112	-290	-867
Accounts payable
-1,206	1,969	-1,937	-4,305	-8,519	28,147	-	-
Other receivables and prepaid expenses
-	-	-	-	-	-	-1,438	1,137
Other current liabilities
-1,114	-6,330	-7,464	31,047	14,000	-6,807	-	-
Accounts payable and other current liabilities
-	-	-	-	-	-	6,538	4,495
Deferred revenues
3,421	3,380	10,141	12,662	11,601	222	615	883
Other non-current liabilities
10,954	259	-1,751	6,719	13,368	637	0	0
Net cash provided by operating activities
61,907	61,973	-21,910	13,816	32,029	1,494	22,512	21,971
Cash flows from investing activities
Redemption of short-term bank deposits
-	-	-	-	-	-	-	0
Purchase of property and equipment
22,308	45,125	84,299	60,497	33,276	12,057	12,849	7,822
Proceeds from maturities of bank deposits and restricted deposits
0	73,836	191,741	551,364	45,433	-	-	-
Investment in bank deposits and restricted deposits
477	67,177	187,264	361,571	225,740	-	-	-
Acquisition of non controlling interest
-	-	-	-	-	-	0	-
Cash paid for acquisitions, net of cash acquired
0	0	9,905	151,057	-	-	-	0
Investment in unconsolidated entities
3,568	23,064	250	3,767	0	8,407	18,755	67,912
Purchase of intangible assets
1,540	2,002	2,747	3,087	4,663	3,018	-	-
Proceeds from maturities and sales of marketable securities
-	-	-	1,634	0	53,367	35,675	27,728
Change in short-term bank deposits, net
-	-	-	-	-	9,999	0	-
Cash paid for acquisitions, net of cash acquired
-	-	-	-	8,758	0	38,559	-
Proceeds from sales of marketable securities
-	-	-	-	-	-	-	0
Proceeds from sale of plant and property
-	-	-	-	-	-	-	0
Amounts funded in respect of employee rights upon retirement
-	-	-	-	-	-	-	0
Acquisition of intangible and other assets
-	-	-	-	-	-	4,318	1,288
Other investing activities
361	457	378	458	-253	-110	0	-
Cash acquired through merger with Objet Ltd.
-	-	-	-	-	41,524	0	0
Net cash used in investing activities
-28,254	-63,989	-93,102	-27,439	-226,751	81,518	-38,806	-49,294
Cash flows from financing activities
Proceeds from long-term debt
10,000	26,000	0	0	-	-	-	-
Repayment of current portion of long-term debt
3,714	0	0	-	-	-	-	-
Proceeds from follow-on offering, net of issuance costs
-	-	-	-	462,872	-	-	-
Cash paid for vested stock option repurchases
-	-	-	-	-	-	-	2,137
Excess tax benefit from stock options and warrant
-	-	-	-	2,817	15,192	2,620	2,515
Acquisition of redeemable non-controlling interests
-	-	-	2,170	0	0	-	-
Proceeds from short-term debt
0	0	125,000	50,000	0	0	-	-
Payment of obligations in connection with acquisitions
1,476	1,386	19,875	10,795	0	0	-	-
Repayment of short-term debt
0	0	175,000	-	0	-	-	-
Proceeds from follow-on offering, net of issuance costs
-	-	-	-	-	0	0	-
Proceeds from exercise of stock options
5,888	1,185	2,871	7,906	12,451	15,297	6,149	6,402
Other financing activities
-	-	-	-	-3,225	0	0	-
Net cash used in financing activities
10,698	25,799	-67,004	44,941	474,915	30,489	8,769	6,780
Effect of exchange rate changes on cash, cash equivalents and restricted cash
4,082	-1,047	-2,533	-3,265	69	233	63	-218
Net change in cash, cash equivalents and restricted cash
48,433	22,736	-184,549	28,053	280,262	113,734	-7,462	-20,761
Supplemental disclosures of cash flow information:
Transfer of fixed assets to inventory
1,188	1,068	3,661	3,819	316	96	213	-242
Cash paid for income taxes, net of tax refunds
1,247	5,278	13,487	6,241	3,300	8,169	6,043	-5,027
Cash paid for interest
1,140	0	1,514	235	0	-	-	-
Transfer of inventory to fixed assets
4,844	5,085	8,886	10,933	6,279	2,787	2,747	-2,336
Fair value of assets acquired in connection with acquisitions, including $0, $509 and $6,502 of cash acquired for the years ended December 31, 2016, 2015 and 2014, respectively
-	-	-	360,595	573,604	1,456,924	-	-
Less liabilities assumed
-	-	-	22,416	79,954	116,027	-	-
Net acquired assets
-	-	-	338,179	493,650	1,340,897	-	-
Cash paid for merger and acquisitions
-	-	-	157,559	12,163	0	-	-
Shares and other consideration
-	-	-	180,620	481,487	1,340,897	-	-
Total consideration paid for merger and acquisitions
-	-	-	338,179	493,650	1,340,897	-	-
Acquisitions, net of cash acquired
0	0	9,905	151,057	-	-	-	0