Take-two interactive software, inc. (TTWO)
CashFlow / Yearly
Mar'20Mar'19Mar'18Mar'17Mar'16Mar'15Mar'14Mar'13Mar'12Mar'11Mar'10Oct'09Oct'08
Operating activities:
Net income

404,459

333,837

173,533

67,303

-8,302

-279,470

361,605

-29,491

-108,816

48,458

-122,995

-140,454

97,097

Adjustments to reconcile net income to net cash provided by operating activities:
Amortization and impairment of software development costs and licenses

167,925

201,221

77,887

221,911

134,472

133,453

265,533

230,748

150,700

143,811

112,742

105,521

146,102

Loss from discontinued operations

-

-

-

-

-

-

-86

1,671

-1,116

-5,346

-14,935

-10,017

2,613

Stock-based compensation

257,881

247,700

116,349

81,879

69,996

65,246

78,118

35,765

33,494

28,765

26,503

25,933

40,387

Loss on extinguishment of debt

-

-

-

-

-

-

-9,014

-

-

-

-

-

-

Amortization of intellectual property

20,990

23,879

34,830

6,738

160

344

3,558

7,000

983

3,927

109

478

2,350

Depreciation

47,628

39,726

32,202

30,707

28,800

21,057

13,359

10,634

12,123

14,999

16,403

17,574

21,322

Amortization of discount on Convertible Notes

0

91

15,662

21,222

23,457

22,026

22,801

18,862

11,728

7,374

5,457

2,655

-

Impairment of in-process research and development

0

0

11,257

0

0

-

-

-

-

-

-

-

-

Amortization of debt issuance costs

-

-

-

1,227

1,567

1,663

1,947

2,021

1,527

1,251

1,136

852

562

Gain on sale of intellectual property

-

-

-

-

-

-

-

-

2,200

-

-

-

-

Loss on sale of subsidiary

-

-

-

-

-

-

-

-

-

-

-3,831

-

-

Deferred income taxes

3,486

-110,603

32,523

-3,020

270

-2,279

19,036

841

-1,878

1,095

-4,550

-3,432

-391

Impairment of long-term investments

5,333

0

0

-

-

-

-

-

-

-

-

-

-

Gain on long-term investments, net

-

-

-

1,350

2,683

17,476

-

-

-

-

-

-

-

Gain on redemption of Convertible Notes

0

0

4,900

0

0

-

3,461

-

-

-

-

-

-

Other, net

-3,741

-584

-6,953

3,410

-2,588

-2,068

208

-778

-1,231

1,097

-788

4,456

4,539

Changes in assets and liabilities:
Restricted cash

-

-

-

-

91,491

-24,161

186,350

-

-3,627

-

-

-

-

Accounts receivable

195,484

98,075

26,998

41,956

-49,348

164,717

-136,453

144,561

-39,182

10,082

3,332

57,275

50,392

Inventory

-8,489

14,403

-3,917

4,942

-3,809

-9,729

-438

7,741

-2,101

99

-5,581

-11,792

7,403

Software development costs and licenses

48,434

206,831

225,269

252,951

219,217

188,772

192,357

216,893

191,223

156,782

171,855

164,828

157,076

Prepaid expenses, other current and other non-current assets

259,817

275,800

74,544

22,155

12,272

-5,398

18,424

5,694

1,090

-16,943

14,091

309

-11,608

Deferred revenue

55,460

-304,713

-198,397

-126,285

152,325

568,028

34,276

13,055

430

1,490

-12,371

-49,829

-5,381

Deferred cost of goods sold

-32,180

24,882

11,959

14,969

41,144

70,788

-

-

-

-

-

-

-

Accounts payable, accrued expenses and other liabilities

299,733

201,152

198,733

189,344

170,162

78,585

194,228

83,734

-39,748

41,217

-5,314

13,728

36,672

Net cash used in discontinued operations

-

-

-

-

-

-

-1,318

-272

-2,007

-9,628

2,221

14,965

14,043

Net cash provided by operating activities

685,678

843,515

493,527

407,903

261,305

212,814

700,262

-4,567

-84,964

134,798

-135,702

-210,204

151,426

Investing activities:
Change in bank time deposits

196,720

-171,057

-40,918

89,076

-182,383

-87,500

-

-

-

-

-

-

-

Proceeds from available-for-sale securities

400,635

325,133

241,012

155,936

43,314

0

-

-

-

-

-

-

-

Purchases of available-for-sale securities

499,991

282,534

369,998

221,671

150,501

100,116

-

-

-

-

-

-

-

Purchases of commercial paper

-

-

-

-

-

0

-

-

-

-

-

-

-

Purchases of fixed assets

53,384

66,969

61,557

21,167

37,280

49,501

29,813

16,820

10,786

9,653

9,933

11,176

12,123

Proceeds from sale of long-term investment

-

-

-

1,350

2,683

21,976

-

-

-

-

-

-

-

Purchase of long-term investments

27,891

0

5,000

1,885

0

5,000

-

-

-

-

-

-

-

Asset acquisition

0

0

25,965

0

0

-

-

-

-

-

-

-

-

Business acquisition

12,040

28,149

9,401

130,669

0

0

-

-

4,101

1,000

6,804

5,813

7,503

Other

-

-

-

-

349

0

1,000

-

-

-

-

-

-

Cash received from sale of intellectual property

-

-

-

-

-

-

-

-

2,200

-

-

-

-

Cash received from sale of business

-

-

-

-

-

-

-

-

-

3,075

2,512

-

-

Net cash used in discontinued operations

-

-

-

-

-

-

-

-

-1,475

-

37,250

-

2,846

Net cash provided by (used in) investing activities

4,049

-223,576

-271,827

-129,030

-324,516

-220,141

-30,813

-16,820

-14,162

-7,578

23,025

-16,989

-16,780

Financing activities:
Tax payment related to net share settlements on restricted stock awards

87,968

101,293

112,884

51,762

22,916

0

-

-

-

-

-

-

-

Proceeds from exercise of employee stock options

-

-

-

-

-

-

-

-

239

734

18

22

25,962

Repurchase of common stock

0

362,392

154,792

0

26,552

0

276,836

-

-

-

-

-

-

Issuance of common stock

10,515

0

0

-

-

-

-

-

-

-

-

-

-

Excess tax benefit from stock-based compensation

-

-

-

1,990

1,421

928

-

-

-

-

-

-

-

Other

0

0

-13,791

0

0

-

-

-

-

-

-

-

-

Net payments on line of credit

-

-

-

-

-

-

-

-

-

-

70,000

70,000

-52,000

Proceeds from issuance of 1.00% Convertible Notes

-

-

-

-

-

-

283,188

-

250,000

-

138,000

138,000

-

Payment for extinguishment of 4.375% Convertible Notes

-

-

-

-

-

-

165,999

-

-

-

-

-

-

Proceeds from termination of convertible note hedge transactions

-

-

-

-

-

-

84,429

-

-

-

-

-

-

Payment for termination of convertible note warrant transactions

-

-

-

-

-

-

55,651

-

-

-

43,592

43,592

-

Issuance of warrants to purchase common stock

-

-

-

-

-

-

-

-

-

-

26,342

26,342

-

Payment of debt issuance costs for the issuance of 1.00% Convertible Notes

-

-

-

-

-

-

2,815

-

6,875

-

4,984

4,984

962

Net cash used in financing activities

-77,453

-463,685

-281,467

-49,772

-48,047

928

-133,684

-

243,364

734

45,784

45,788

77,000

Effects of foreign currency exchange rates on cash, cash equivalents, and restricted cash and cash equivalents

-10,868

-10,639

24,924

-7,798

-1,120

-17,881

-2,867

3,610

-4,318

6,567

8,593

3,211

-9,126

Net change in cash, cash equivalents, and restricted cash and cash equivalents

601,406

145,615

-34,843

221,303

-112,378

-24,280

532,898

-17,777

139,920

134,521

-58,300

-178,194

202,520

Supplemental data:
Interest paid

4,750

5,265

4,121

7,628

7,626

7,657

9,095

11,230

6,992

7,361

5,196

4,371

3,018

Income taxes paid

27,998

19,280

8,790

6,648

-26,223

9,749

10,025

4,702

1,018

6,336

1,673

-5,423

-16,484