SYNAPTICS INCORPORATED SYNA Cash Flow

Synaptics incorporated (SYNA)

CashFlow / TTM

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	Dec'09	Sep'09
Cash flows from operating activities
Net income
-17,400	-15,700	-22,700	-22,900	21,800	1,400	-93,800	-124,100	-104,800	-86,600	18,600	48,800	23,900	39,900	52,100	72,200	110,600	121,600	107,600	110,400	113,583	42,027	38,361	46,700	57,504	134,006	127,786	98,900	65,913	40,913	47,182	54,144	55,767	57,817	58,112	63,796	69,201	67,311	61,860	52,965	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Share-based compensation costs
47,400	49,400	53,500	59,000	66,900	69,900	71,500	71,300	68,600	65,900	63,700	61,800	62,200	61,100	59,500	56,800	53,200	49,800	46,500	44,100	41,261	38,436	35,358	32,900	30,933	30,391	30,775	32,200	33,204	33,968	34,462	34,161	33,880	33,234	34,185	33,925	33,745	33,589	36,234	35,376	0	0	0
Depreciation and amortization
30,000	31,700	32,800	35,600	37,800	38,000	37,600	38,900	36,800	36,700	35,900	33,200	32,800	32,300	31,900	31,200	30,900	29,800	28,500	24,800	21,147	17,973	15,156	14,200	12,948	11,652	10,582	9,800	9,636	9,751	10,003	10,409	10,963	11,407	11,500	11,169	0	0	0	-	-	-	-
Acquired intangibles amortization
58,700	65,700	72,600	74,400	78,000	78,600	83,800	83,900	76,100	71,400	62,700	59,300	62,600	66,300	70,600	73,000	74,500	77,600	102,400	87,600	71,341	53,181	11,438	7,400	4,996	2,618	1,022	1,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Deferred taxes
-	-	12,000	15,200	24,300	22,300	-6,600	-4,900	-11,100	-10,900	19,000	17,400	18,700	18,300	20,800	21,100	52,900	36,200	31,100	25,200	-17,417	-5,764	-12,012	-12,300	-9,258	-10,933	149	900	2,376	4,773	2,720	741	6,006	4,255	3,178	3,666	-5,697	-6,374	-8,244	-6,534	0	0	0
Accretion and remeasurement of contingent consideration liability
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-500	-1,000	-8,800	-11,600	-18,800	-5,131	54,612	65,142	69,900	56,931	4,125	1,271	1,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of convertible debt discount and issuance costs
18,200	18,000	17,700	17,600	17,300	17,200	17,000	16,900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,069	0	0	0
Impairment of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	1,269	0	0	0	-	-	-	-	-	-	-	-
Non-cash interest
-	-	-	-	-	-	-	-	-	-	-	300	700	1,200	1,700	1,800	1,900	1,700	1,600	1,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Amortization of debt issuance costs
500	400	500	500	500	500	400	1,600	1,900	2,000	2,200	1,200	1,100	1,200	1,200	1,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	118	0	0	0
Impairment recovery on investments
-	-	-	2,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	77	138	82	89	59	-20	-10	-10	443	0	0	0
Acquired in-process research and development
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Arbitration settlement
-	-	-	1,900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity investment loss
-2,000	-1,900	-1,900	-1,800	-1,700	-1,800	-1,800	-1,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency remeasurement loss
-	-	-	-100	0	0	0	-	0	0	0	-	-	-	-	-8,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash interest income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable, net
-28,400	-79,600	-100,400	-64,300	3,400	84,400	74,200	22,700	400	-34,500	2,500	2,600	-73,400	-77,300	-109,600	-72,000	500	1,600	24,400	-700	39,607	72,172	36,715	42,800	39,133	30,116	55,885	44,300	11,204	12,301	2,698	10,329	-2,168	-38,895	-20,621	-7,701	9,669	25,341	24,898	16,770	0	0	0
Inventories
-45,100	-42,600	-23,000	27,500	44,600	5,100	-17,700	-79,500	-127,800	-98,400	-53,300	-15,000	24,300	23,100	6,400	6,200	-19,600	-8,700	63,700	51,500	75,714	87,156	16,955	30,200	24,151	17,496	26,085	16,900	14,527	1,492	1,032	2,817	-4,649	6,221	13,681	10,183	14,416	7,165	-564	3,717	0	0	0
Prepaid expenses and other current assets
-8,300	-18,100	-15,500	-3,600	7,200	16,600	17,000	-18,800	-36,900	-19,600	-12,700	9,600	20,900	7,700	3,700	-5,800	16,300	5,800	-24,100	-13,500	-25,873	-19,777	6,603	5,700	1,274	3,036	17	100	-74	285	-343	530	369	981	1,384	146	176	-74	-240	128	0	0	0
Other assets
-7,700	-2,100	-1,800	-3,900	1,300	-900	6,000	7,200	5,600	1,500	-7,900	-6,500	-6,700	-5,700	-2,800	-5,600	-5,300	-7,700	-7,500	-10,100	1,473	9,940	15,101	18,800	4,863	4,759	-193	-900	2,395	-3,216	-2,116	-1,894	-2,067	-799	-1,689	-332	1,381	2,365	3,838	4,230	0	0	0
Accounts payable
-28,600	-82,700	-75,500	-55,800	-13,700	53,300	57,300	6,200	-55,900	-64,000	-47,900	-38,400	20,600	400	-20,600	-15,300	-30,500	15,900	11,000	30,200	45,423	22,963	20,575	13,200	12,629	13,190	25,610	23,300	12,951	4,265	4,211	10,235	-13,045	-28,781	-17,566	-20,688	11,903	23,719	15,626	33,408	0	0	0
Accrued compensation
25,600	22,200	7,400	4,900	4,000	-4,900	3,800	-8,100	-12,600	-7,300	-12,000	-7,800	-6,600	-10,100	-3,700	3,300	3,200	10,200	9,400	2,100	6,139	7,722	4,654	5,600	5,082	5,478	3,417	11,100	4,786	2,579	316	-634	-234	969	1,126	1,880	1,419	3,859	1,784	2,880	0	0	0
Acquisition-related liabilities
-	-	-	-	-	-	-	-	-	-	-	-16,800	-16,800	-25,400	-21,400	-18,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes payable
5,200	800	-12,200	900	-6,000	-2,600	8,600	5,400	4,300	14,500	700	2,300	-8,400	-26,100	-15,400	-26,100	-17,900	17,600	-15,400	-7,100	59	-25,059	-1,902	2,900	-4,857	-12,042	-13,976	-17,100	-15,097	-3,544	-2,694	674	5,503	2,276	3,899	2,975	131	-3,665	5,332	2,214	0	0	0
Other accrued liabilities
-20,500	-16,000	-4,700	20,500	2,600	-9,000	-1,100	-22,100	-13,000	600	17,900	19,500	23,400	17,200	900	9,100	-16,300	-16,200	-18,400	-7,000	28,328	35,725	38,641	25,100	10,036	63	-1,519	4,300	6,217	9,378	6,489	3,735	6,991	402	7,948	3,873	5,358	8,391	8,568	7,237	0	0	0
Net cash provided by operating activities
211,700	210,700	196,900	154,200	118,700	105,300	109,800	145,000	185,500	203,700	192,700	152,900	217,700	202,200	244,300	256,600	175,000	266,500	156,000	204,100	212,997	90,226	163,080	131,600	123,588	142,998	101,406	102,100	91,279	86,042	99,950	101,393	104,957	106,489	101,629	89,713	100,939	101,824	103,230	114,008	0	0	0
Cash flows from investing activities
Purchase of in-process research and development
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,986	0	0	0
Proceeds from sales of non-current investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	28,912	0	0	0
Proceeds from sales and maturities of non-current investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,000	1,025	1,275	1,775	0	0	0
Acquisition of businesses, net of cash and cash equivalents acquired
-	-	-	-	-	-	-	396,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sales of investments
-	-	-	2,800	0	0	0	-	-	-	-	-	-	-	-	6,600	0	0	0	-	-	-	0	-	-	-	-	3,400	4,450	10,100	11,910	10,110	0	0	0	-	-	-	-	-	-	-	-
Purchases of property and equipment
17,700	20,700	21,900	23,700	24,300	25,800	29,500	34,100	32,800	30,600	37,100	31,400	35,000	33,800	24,400	28,600	30,800	32,700	42,200	51,900	47,179	55,858	48,286	38,700	50,816	44,758	42,432	48,500	32,539	25,279	22,798	10,359	9,772	10,590	11,387	11,570	12,423	11,846	10,807	9,067	0	0	0
Purchase of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,600	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in direct financing lease
-	-	-	-	-	-	-	-	-	-	-	17,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-20,200	-23,200	-24,400	-20,900	-21,800	-23,800	-34,300	-438,500	-439,500	-436,800	-430,500	-42,300	-37,300	-36,300	-32,900	-26,600	-34,800	-37,000	-336,800	-341,300	-336,559	-344,738	-66,486	-58,300	-56,636	-50,528	-28,432	-37,500	-47,721	-34,811	-30,520	-14,881	938	-5,480	-8,187	-8,370	-11,423	-10,821	8,087	15,634	0	0	0
Proceeds from issuance of convertible debt, net of issuance costs
-	-	-	-	-	-	-	514,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of acquisition-related liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	72,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of debt
-	-	-	-	-	-	-	220,000	223,800	227,500	231,300	18,800	15,000	15,100	13,200	7,600	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of treasury stock
71,300	58,200	96,100	118,500	77,300	77,300	39,400	93,600	93,600	156,600	156,600	88,000	203,600	140,600	140,600	240,600	135,700	155,700	196,300	121,300	110,538	90,538	70,203	70,200	85,282	85,282	93,743	46,300	59,499	59,499	30,773	61,743	0	0	0	-	-	-	-	44,545	0	0	0
Proceeds from issuance of shares
38,200	23,400	20,900	21,300	30,400	34,500	33,300	32,300	25,000	20,800	23,800	24,700	24,600	26,000	31,000	32,400	47,100	51,800	43,900	49,100	42,203	58,307	81,587	80,700	88,783	72,875	44,395	37,400	15,196	24,699	34,854	34,876	37,136	28,760	21,020	26,423	26,464	21,433	16,919	14,031	0	0	0
Excess tax benefit from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	1,100	7,000	7,800	9,700	11,500	5,700	10,100	10,200	12,800	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payroll taxes for deferred stock and market stock units
9,800	10,900	10,000	9,400	9,500	8,000	5,800	5,400	5,900	6,500	5,700	6,600	7,600	9,100	13,800	15,600	17,500	19,000	16,400	16,000	14,494	13,278	10,018	8,900	8,354	7,068	5,570	4,700	4,097	3,918	4,132	3,946	3,437	3,110	2,877	3,147	3,077	2,881	2,650	2,374	0	0	0
Payment of debt issuance costs
-	-	-	-	-	-	-	1,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-43,100	-45,700	-85,200	-106,600	-56,400	-50,800	-11,900	226,700	208,100	137,200	137,600	-94,100	-255,500	-191,900	-188,100	-281,100	-118,600	-185,200	8,900	93,600	115,984	216,191	21,637	18,600	9,018	-15,575	-54,289	-14,300	-52,163	-41,165	2,102	-28,660	-28,062	-34,988	-82,705	-44,048	-11,896	-14,592	-60,737	-88,820	0	0	0
Effect of exchange rate changes on cash and cash equivalents
-	-	-	-	-	-	0	-	200	900	-1,500	-900	-1,900	1,200	3,600	3,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase/(decrease) in cash and cash equivalents
148,300	141,800	87,500	26,800	40,400	30,800	63,600	-66,800	-45,700	-95,000	-101,700	15,600	-77,000	-24,800	26,900	-47,700	25,500	44,500	-175,300	-47,300	-10,878	-41,921	118,231	91,900	75,970	76,895	18,685	50,300	-8,605	10,066	71,532	57,852	77,833	66,021	10,737	37,295	77,620	76,411	50,580	40,822	0	0	0
Supplemental disclosures of cash flow information
Cash paid for taxes
24,300	10,000	21,800	16,400	16,500	22,600	16,700	26,400	26,600	24,400	30,600	22,100	22,700	36,900	29,600	46,900	89,900	71,300	101,900	86,100	42,189	41,311	13,436	15,600	17,459	17,963	23,581	18,700	17,070	16,680	13,796	12,305	11,902	11,534	8,756	9,574	9,906	18,288	11,034	11,789	0	0	0
Cash refund on taxes
-	-	-	-	-	-	-	-	-	-	-	10,100	17,200	17,100	9,000	18,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash investing and financing activities:
Purchases of property and equipment in current liabilities
1,600	2,900	2,800	3,800	6,200	6,000	6,000	6,600	7,300	7,600	6,800	6,000	800	1,400	3,200	3,100	8,200	9,600	7,300	8,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock issued pursuant to acquisition
-	-	-	-	-	-	-	39,100	0	0	0	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-