Stratasys ltd. (SSYS)
CashFlow / TTM
Sep'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'12
Cash flows from operating activities
Net loss

-27,534

-37,027

-39,603

-40,459

-45,202

-55,937

-68,437

-77,621

-295,323

-1,175,787

-1,180,278

-1,373,511

-1,233,017

-362,932

-339,961

-119,470

-29,429

-4,725

-7,337

-26,907

-28,816

-16,985

-11,182

8,823

0

0

0

Adjustments to reconcile net loss to net cash provided by operating activities:
Goodwill impairment

-

-

-

-

-

-

-

-

-

-

-

942,408

948,328

252,870

252,870

102,470

0

0

0

-

-

-

-

-

-

-

-

Depreciation and amortization

62,746

64,275

65,441

66,635

72,925

79,057

85,947

92,877

94,251

99,407

102,984

108,395

114,161

116,630

114,969

109,429

105,170

94,040

86,475

92,436

0

0

0

-

-

-

-

Stock-based compensation

15,295

16,180

17,233

17,722

19,020

18,906

19,054

20,773

21,736

21,788

25,873

30,010

32,956

35,717

33,231

30,207

28,210

27,225

25,508

24,262

24,440

18,612

13,883

8,874

0

0

0

Foreign currency transaction loss (gain)

-1,699

-136

9,363

10,429

2,271

1,776

-3,592

-2,147

2,540

820

4,285

-8,612

-12,266

-16,001

-19,174

-10,327

0

0

0

-

-

-

-

-

-

-

-

Depreciation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Deferred income taxes

-1,757

-2,083

-2,273

-2,404

7,257

8,632

10,280

10,378

-35,872

-2,740

6,188

19,129

69,907

65,643

61,846

53,887

47,762

23,496

21,445

19,449

20,325

12,843

7,325

3,450

0

0

0

Share in losses of associated companies

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

Change in fair value of obligations in connection with acquisitions

-

-

-

-

-

-

-

-872

-597

-3,595

-9,688

-23,671

-47,819

-39,219

-31,911

-26,150

0

0

0

-

-

-

-

-

-

-

-

Impairment of other intangibles assets

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Excess tax benefit from stock options and warrant

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Change in fair value of earn-out obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Other non-cash items, net

-3,295

-2,014

-2,556

-3,520

-2,316

-2,889

-2,279

-1,220

-1,510

-602

-584

-17

-1,330

-820

-161

-275

239

425

-187

53

0

0

0

-

-

-

-

Change in cash attributable to changes in operating assets and liabilities:
Loss on amounts funded in respect of employee rights upon termination

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Accounts receivable, net

9,118

1,161

-264

7,581

9,967

6,761

7,404

-2,009

-21,879

-24,944

-36,070

-25,075

-4,645

22,166

35,660

46,717

44,141

26,790

29,534

32,763

31,594

31,480

27,439

19,635

0

0

0

Inventories

-435

2,435

2,427

-2,174

-105

-4,292

-1,307

-642

-5,338

-3,297

-3,303

12,408

30,853

28,403

41,502

39,370

43,169

47,092

33,172

27,102

10,845

15,622

15,117

7,724

0

0

0

Net investment in sales-type leases

-8,816

-9,942

-11,096

-12,196

-12,453

-11,675

-10,903

-5,646

-1,675

-182

6,591

6,497

6,351

9,526

6,006

5,078

7,123

4,766

5,733

4,909

3,499

4,880

3,725

4,216

0

0

0

Other current assets and prepaid expenses

5,597

9,292

3,119

3,665

2,008

-808

1,974

-395

2,000

-16,077

-4,435

-11,262

-14,596

8,137

-3,402

10,537

0

0

0

-

-

-

-

-

-

-

-

Other non-current assets

2,417

1,633

1,381

802

-681

-686

-921

-933

-452

-1,062

-952

439

-646

-981

-833

-1,558

6,755

1,928

1,461

1,625

0

0

0

-

-

-

0

Accounts payable

-4,967

1,386

-4,070

-1,206

6,691

4,923

6,765

1,969

568

-1,871

-12,981

-1,937

-7,445

-5,493

4,050

-4,305

0

0

0

-

-

-

-

-

-

-

-

Other receivables and prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

0

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Other current liabilities

4,894

-2,737

-1,047

-1,114

-2,019

-4,458

-13,950

-6,330

-8,206

-17,711

9,794

-7,464

4,795

30,847

17,069

31,047

0

0

0

-

-

-

-

-

-

-

-

Accounts payable and other current liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Provision for severance pay, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Deferred revenues

4,219

4,585

4,682

3,421

4,149

1,900

3,792

3,380

4,965

7,455

7,315

10,141

11,177

10,476

12,361

12,662

12,530

12,741

11,653

11,601

6,591

5,950

2,407

222

0

0

0

Other non-current liabilities

2,026

4,399

6,825

10,954

-5,803

-10,488

-62

259

13,253

10,981

-3,309

-1,751

-677

11,790

13,547

6,719

12,827

6,679

10,026

13,368

6,338

4,079

1,065

637

0

0

0

Net cash provided by operating activities

66,084

65,768

63,282

61,907

66,825

59,734

56,066

61,973

43,746

28,310

5,770

-21,910

-14,775

-7,546

12,860

13,816

14,569

43,847

49,141

32,029

15,598

-12,645

-17,636

1,494

0

0

0

Cash flows from investing activities
Purchase of short-term bank deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Decrease in restricted deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Purchase of property and equipment

25,337

23,420

23,600

22,308

29,315

35,337

43,855

45,125

40,545

60,587

77,476

84,299

92,141

81,779

64,033

60,497

56,468

46,876

39,102

33,276

25,133

15,660

14,646

12,057

0

0

0

Investment in unconsolidated entities

14,035

8,882

6,020

3,568

2,548

2,548

21,612

23,064

23,314

23,314

4,250

250

0

0

0

-

-

-

-

-

-

-

-

8,407

0

0

0

Purchase of intangible assets

1,427

1,497

1,296

1,540

2,101

1,908

2,272

2,002

1,824

2,132

2,616

2,747

2,335

2,326

1,757

3,087

6,140

6,199

6,117

4,663

0

0

0

-

-

-

-

Proceeds from maturities of short-term bank deposits

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Investments in short-term bank deposits

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Proceeds from maturities and sales of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

53,367

0

0

0

Change in short-term bank deposits, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Cash paid for acquisitions, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Proceeds from sales of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

Proceeds from sale of plant and property

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amounts funded in respect of employee rights upon retirement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Acquisition of intangible and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Other investing activities

477

545

443

361

358

478

467

457

296

317

349

378

671

580

598

458

131

-134

-282

-253

0

0

0

-

-

-

-

Net cash used in investing activities

-28,650

-30,716

-28,066

-28,254

-28,947

-34,896

4,159

-63,989

-36,108

54,512

-159,040

-93,102

-65,179

-307,428

-28,204

-27,439

-90,489

-147,729

-177,061

-226,751

-128,352

98,231

24,591

81,518

0

0

0

Cash flows from financing activities
Repayment of current portion of long-term debt

4,785

4,429

4,071

3,714

2,786

1,857

929

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from stock options and warrant

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,771

2,413

2,069

2,817

14,847

15,599

15,987

15,192

0

0

0

Acquisition of redeemable non-controlling interests

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,170

2,170

2,170

2,171

0

0

0

0

-

-

-

-

Payment of obligations in connection with acquisitions

-

-

-

-

-

-

-

-

-

-

-

19,875

18,846

11,931

22,415

10,795

0

0

0

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

5,635

4,709

6,362

5,888

3,000

2,689

1,591

1,185

1,336

1,479

1,024

2,871

2,671

7,622

8,835

7,906

10,034

8,850

9,884

12,451

21,683

19,779

18,089

15,297

0

0

0

Net cash used in financing activities

9,350

7,304

10,815

10,698

24,738

25,446

25,276

25,799

-1,079

-181,465

-57,231

-67,004

-67,091

170,109

36,183

44,941

45,545

457,945

469,429

474,915

499,472

35,378

34,076

30,489

0

0

0

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

-730

-1,035

2,959

4,082

852

1,194

-1,112

-1,047

567

257

645

-2,533

-4,237

-5,181

-4,975

-3,265

-1,014

190

154

69

272

129

46

233

0

0

0

Net change in cash, cash equivalents and restricted cash

46,054

41,321

48,990

48,433

63,468

51,478

84,389

22,736

7,126

-98,386

-209,856

-184,549

-151,282

-150,046

15,864

28,053

-31,389

354,253

341,663

280,262

386,990

121,093

41,077

113,734

0

0

0

Supplemental disclosures of cash flow information:
Transfer of fixed assets to inventory

242

714

1,168

1,188

1,362

1,115

694

1,068

1,060

648

1,662

3,661

5,847

7,267

6,261

3,819

2,723

547

459

316

-428

2,346

208

96

0

0

0

Cash paid for income taxes, net of tax refunds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Transfer of inventory to fixed assets

2,455

2,640

3,807

4,844

5,024

5,975

5,503

5,085

9,105

7,739

5,241

8,886

8,944

10,448

13,874

10,933

17,070

13,443

8,511

6,279

0

0

0

-

-

-

0