Teleflex incorporated (TFX)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Apr'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
Cash flows from operating activities of continuing operations:
Net income

131,150

108,265

228,929

83,375

40,897

90,590

56,524

-2,496

56,184

-42,658

77,015

78,003

40,170

61,063

66,322

59,588

50,868

101,282

60,852

45,009

38,570

50,945

54,957

47,705

35,144

35,066

46,808

42,635

27,239

29,577

21,930

42,899

-283,508

168,221

44,065

34,487

78,194

81,436

22,535

60,526

37,958

Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Loss from discontinued operations

-2

459

0

47

-1,021

3,077

-16

56

1,253

189

-2,383

-360

-179

187

122

193

-312

10,517

-719

-190

-703

-1,188

-271

-1,125

-125

-236

1,029

-766

-462

-1,037

-2,521

-4,367

605

126,418

11,144

4,001

64,082

69,846

11,548

28,951

4,438

Depreciation expense

16,842

16,802

15,320

16,321

15,645

15,977

14,990

14,695

14,832

14,107

14,306

13,904

14,180

14,143

13,663

14,007

12,602

11,978

11,650

11,470

10,915

12,798

13,412

12,417

11,580

11,633

10,859

9,723

10,153

10,045

9,011

8,518

8,630

9,982

10,028

9,998

10,328

8,958

10,908

10,085

11,274

Intangible asset amortization expense

38,911

37,339

37,376

37,534

37,751

37,526

36,966

37,192

37,816

34,824

22,601

22,590

18,785

16,005

16,089

16,040

15,357

17,102

15,452

15,086

14,740

13,873

14,951

16,083

16,019

13,536

12,521

12,113

12,438

12,001

11,061

10,692

10,510

10,547

10,712

10,362

11,013

8,976

10,405

10,653

10,731

Deferred financing costs and debt discount amortization expense

945

994

1,064

1,070

1,179

1,186

1,180

1,190

1,178

1,135

1,115

1,419

1,406

1,934

1,952

2,177

4,377

4,279

4,241

4,226

4,195

4,105

4,076

3,902

3,814

3,731

3,695

3,783

3,750

3,677

3,641

3,568

3,530

3,462

3,422

3,342

3,300

3,325

2,535

945

945

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

0

0

-11

-5,582

0

0

-19,261

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-816

-14,597

-

-

-

-

Gain on sale of assets

0

-

1,089

0

2,739

-

-

-

0

-

-

-

-

-

2,776

378

1,019

-

408

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Fair value step up of acquired inventory sold

1,707

-

-

-

0

-

-

-

-

0

0

2,610

7,832

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in contingent consideration

-46,502

13,021

15,438

12,399

13,057

5,633

12,726

25,026

9,592

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of long-lived assets

0

55

0

3,881

3,030

0

17,245

1,865

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

3,522

6,903

7,337

6,919

5,781

5,969

5,732

5,950

4,787

4,888

4,985

5,294

4,240

4,331

4,591

4,512

3,437

4,088

3,253

3,294

3,832

3,102

3,399

2,652

3,074

3,445

2,660

2,975

2,791

2,453

2,167

2,284

1,719

2,053

1,514

2,056

-1,091

1,575

2,626

2,625

1,695

Goodwill impairment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

332,128

-

-

-

-

-

-

-

-

Deferred income taxes, net

679

-27,631

-135,468

-8,098

2,603

-14,761

3,843

6,293

-1,472

-26,140

-6,903

-5,698

-3,081

-20,647

-7,407

-2,048

756

-32,453

-22,585

-460

1,085

-11,345

-5,619

-704

3,515

-8,896

2,065

-2,998

-353

-12,763

-5,737

-8,856

-12,624

-11,506

-3,502

2,686

-1,745

-29,919

5,492

14,132

10,130

Payments for contingent consideration

-79,771

0

0

-157

-25,935

-

-

-

0

-

-

-

179

-8,117

430

865

377

-1,316

-967

-2,675

382

252

-1,053

-4,246

-2,371

285

-5,001

-6,733

-1,193

-

-

-

-

-

-

-

-

-

-

-

-

Interest benefit on swaps designated as net investment hedges

4,874

-

-

-

3,882

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other

-18,143

1,342

-2,615

-9,063

4,536

-2,498

-7,259

-2,397

-1,272

-4,910

-10,259

-597

-2,703

1,821

-13,162

1,144

-3,114

-2,446

-12,028

-2,007

-4,294

-4,658

-2,168

963

-3,105

6,904

20

-828

-7,415

-1,334

329

1,106

-3,877

-438

-2,921

-59

717

2,904

-27,477

-66

444

Changes in assets and liabilities, net of effects of acquisitions and disposals:
Accounts receivable

23,145

18,572

21,474

5,645

14,102

-6,418

13,944

12,484

3,402

17,467

-1,357

13,620

-18,691

15,345

-14,553

-331

10,568

-9,112

-9,270

-3,922

21,906

-6,952

-1,802

5,326

-5,966

-11,101

-5,689

1,664

16,420

4,866

-15,159

-6,090

19,315

2,552

4,052

13,815

23,142

1,652

-2,434

7,847

43,023

Inventories

12,346

-89

19,289

14,770

19,200

17,533

4,648

15,049

-32

2,106

8,070

6,865

5,322

-12,025

2,333

-1,820

5,104

-11,533

3,009

2,317

14,578

-7,553

6,699

8,912

7,473

-14,645

-5,778

15,661

13,693

-2,649

7,317

-326

-2,372

-7,830

23,591

7,459

10,599

3,877

12,286

5,751

-493

Prepaid expenses and other assets

-6,403

17,839

6,803

-5,143

11,524

3,883

2,857

205

3,406

-4,556

4,013

-1,228

1,224

4,797

-946

-3,987

3,749

4,663

-715

-5,677

4,756

-5,509

6,494

-8,434

6,027

506

5,723

-738

435

549

-1,668

-10,288

1,812

1,050

3,716

3,218

489

9,710

-178

-3,581

1,914

Accounts payable, accrued expenses and other liabilities

-31,488

4,390

37,862

-15,087

8,856

7,823

16,469

65,297

-27,185

14,873

17,587

3,845

2,696

-1,968

20,890

-8,002

4,502

2,738

111

-6,785

3,819

-4,440

15,989

14,398

-16,129

428

410

14,362

-13,199

2,202

3,145

4,080

-9,272

-9,216

9,503

5,450

-7,373

11,014

5,933

5,695

-33,777

Income taxes receivable and payable, net

4,651

21,701

-10,885

-20,539

3,192

7,451

-13,523

-30,085

417

122,030

9,786

4,682

-10,670

5,569

6,474

1,545

-2,202

15,969

-94

-17,854

9,651

-4,391

1,813

-10,248

-2,214

3,713

-3,727

-8,232

1,139

11,094

-7,684

-22,108

-1,560

-5,378

-7,870

-13,193

-2,368

20,611

27,025

20,268

-43,859

Net cash (used in) provided by operating activities from continuing operations

-11,457

147,901

131,883

97,118

60,166

132,142

121,360

94,736

86,848

106,593

122,018

106,750

90,940

108,992

120,110

114,656

66,832

126,686

67,172

67,230

42,358

81,443

88,637

78,243

41,918

95,427

79,629

50,979

5,264

55,486

49,894

62,922

26,316

34,137

22,447

30,513

7,260

39,961

24,137

45,359

34,377

Cash flows from investing activities of continuing operations:
Expenditures for property, plant and equipment

19,684

18,898

27,690

32,613

23,494

25,044

17,747

22,257

15,747

16,926

17,144

23,939

12,894

17,223

16,377

11,713

7,822

15,882

14,245

16,876

14,445

19,351

17,370

18,741

12,109

8,940

17,743

21,262

15,635

19,302

17,199

15,563

13,330

17,274

12,176

9,241

5,891

8,067

7,605

6,921

6,737

Proceeds from sale of assets

400

-

1,957

187

991

-

0

0

0

-

0

0

6,332

-

5,807

2,734

1,251

-

408

0

0

-

1,112

2,470

1,669

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for businesses and intangibles acquired, net of cash acquired

265,160

2,197

240

0

1,025

98,475

100

18,766

3,684

757,573

17,252

17,935

975,524

0

10,923

3,117

0

30,357

25,892

30,184

7,375

17,242

0

-456

28,991

268,558

3,496

38,454

-1,500

-

-

-

-

-5,947

0

0

30,570

0

1

0

81

Proceeds from sales of businesses and assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

275,120

-11

-684

101,600

105,607

1,209

49,984

24,750

Investments in affiliates

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-20

0

60

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities from continuing operations

-284,444

-

-

-24,096

-23,528

-

-

-41,023

-19,431

-774,499

-34,396

-41,874

-982,086

-16,814

-21,493

-12,096

-6,571

-46,239

-39,729

-47,060

-21,820

-36,593

-16,238

-15,815

-39,491

-277,498

-21,239

-59,766

-14,135

-332,994

32,171

-54,105

-13,330

263,643

-12,187

-9,925

65,139

97,540

-6,397

43,063

17,932

Cash flows from financing activities of continuing operations:
Proceeds from new borrowings

485,000

250,000

0

25,000

0

-

-

-

-

500,000

769,000

0

1,194,500

0

6,700

665,000

0

0

0

258,100

30,000

0

0

250,000

0

-

-

-

-

-

-

-

-

0

0

250,000

265,000

-

-

-

-

Reduction in borrowings

-

-

-

-

-

30,000

80,000

0

18,500

492,000

519,303

90,022

138,251

78

58,008

656,470

9

130

52,646

250,929

52

93

9

480,000

0

-

-

-

-

-

-

-

-

0

0

125,000

330,800

255,800

396,600

13,080

51,090

Proceeds and tax benefits from share based compensation plans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,155

-

-

-

-

-

-

-

-

-

-

-

-

Debt extinguishment, issuance and amendment fees

-

-

-

-

-

0

0

114

74

7,550

0

0

19,114

0

776

8,182

0

-

-

-

-

805

414

3,185

90

-

-

-

-

-

-

-

-

8

-548

4,220

14,838

-

-

-

-

Net proceeds from share based compensation plans and the related tax impacts

-3,022

7,192

6,185

5,587

2,242

3,989

8,866

8,400

1,400

832

3,434

1,810

-505

1,421

1,054

3,413

3,180

179

-28

5,132

-289

1,309

545

2,068

323

-

-

-

-

524

3,623

2,497

1,594

1,079

2,353

23,813

6,764

2,187

438

4,362

3,670

Payments for contingent consideration

60,881

-

-

-

110,953

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in notes payable and current borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1

-421

-286

-

-

-

-

-5,000

-5,000

0

39,700

Payments for contingent consideration

-

-

-

-

-

83

10,578

62,483

91

90

92

74

79

7,149

0

72

61

54

3,985

0

3,989

0

0

0

0

591

6,880

2,308

7,179

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid

15,767

15,757

15,724

15,697

15,650

15,639

15,588

15,491

15,447

15,332

15,315

15,303

15,287

14,980

14,982

14,819

14,179

14,150

14,148

14,116

14,118

14,084

14,081

14,042

14,051

14,002

13,971

13,980

13,964

13,928

13,905

13,890

13,866

13,858

13,840

13,824

13,614

13,608

13,584

13,584

13,536

Net cash provided by (used in) financing activities from continuing operations

405,330

-

-

-43,288

-124,361

-

-

-69,688

-32,712

-14,140

237,724

-103,589

1,021,264

-20,786

-75,707

-11,130

-11,069

-14,665

-71,079

-11,391

11,552

-13,673

-13,959

-246,253

-13,818

284,813

-19,368

-18,287

-15,988

-24,070

-10,281

-18,744

-12,558

-43,448

-10,939

130,769

-87,488

-199,917

-91,387

-22,939

-21,256

Cash flows from discontinued operations:
Net cash (used in) provided by operating activities

-193

-194

-148

-811

3,610

2,993

-237

-258

-206

-5,276

-179

-695

-266

-659

-268

-1,057

-126

-682

-591

-237

-1,126

-1,730

-415

-364

-1,167

-1,160

-730

-808

-629

-1,322

1,714

-6,013

-2,178

-28,425

15,395

11,458

1,693

27,045

22,485

23,052

-3,314

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-230

-422

-1,699

-878

-611

-584

-802

-1,614

-876

-1,235

-611

Net cash (used in) provided by discontinued operations

-193

-194

-148

-811

3,610

2,993

-237

-258

-206

-5,276

-179

-695

-266

-659

-268

-1,057

-126

-682

-591

-237

-1,126

-1,730

-415

-364

-1,167

-1,160

-730

-808

-629

-1,322

1,484

-6,435

-3,877

-29,303

14,784

10,874

891

25,427

20,485

21,817

-3,925

Effect of exchange rate changes on cash and cash equivalents

-3,842

4,025

-9,236

3,761

-1,836

-9,424

3,996

-16,335

10,815

3,307

16,192

26,493

15,488

-26,403

327

-6,441

5,126

-3,197

-4,320

7,709

-25,441

-12,593

-9,025

-78

2,223

3,965

6,727

2,746

-4,997

5,110

16,570

-29,568

10,282

-12,640

-8,215

1,280

8,044

-2,316

13,790

-10,890

-4,714

Net increase (decrease) in cash and cash equivalents

105,394

43,539

-46,352

32,684

-85,949

885

9,972

-32,568

45,314

-684,015

341,359

-12,915

145,340

44,330

22,969

83,932

54,192

61,903

-48,547

16,251

5,523

16,854

49,000

-184,267

-10,335

105,547

45,019

-25,136

-30,485

-297,790

89,838

-45,930

6,833

212,389

5,890

163,511

-6,154

-39,305

-39,372

76,410

22,414

Settlement and exchange of convertible notes with common or treasury stock

-

-

-

-

-

-

-

-

-

-

52,224

25

958

81

8

35,192

5

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of treasury stock associated with settlement and exchange of convertible note hedge and warrant agreements

-

-

-

-

-

-

19,198

19,005

17,872

-

107,797

50

19,311

137

14

85,884

11

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-