United Therapeutics Corporation UTHR Cash Flow

United therapeutics corporation (UTHR)

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
Cash flows from operating activities:
Net income (loss)
527,800	-104,500	-91,800	-117,700	-149,900	589,200	542,900	712,700	483,800	417,900	509,200	394,700	656,800	713,700	708,000	1,010,600	903,700	651,600	662,961	173,324	185,976	340,100	193,825	281,747	249,759	174,560	288,129	303,555	296,007	304,442	264,376	270,663	272,238	217,868	184,223	139,561	103,377	105,916	0	0	0
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization
48,000	45,900	43,900	40,600	38,300	35,900	33,100	31,400	31,000	31,000	31,100	31,600	31,800	31,600	31,700	31,800	32,300	32,900	33,887	33,694	32,935	32,200	31,066	30,620	30,659	31,259	30,796	30,050	28,662	27,145	24,753	22,829	21,374	20,535	19,376	19,413	19,159	17,920	0	0	0
Share-based compensation expense
47,000	45,400	18,700	46,200	103,900	-26,400	89,300	13,900	-8,500	73,500	60,300	134,200	137,600	12,100	24,200	-144,600	-98,800	280,300	0	0	0	-	-	-	224,850	320,786	132,131	88,891	65,352	30,115	62,643	-16,111	-52,595	-15,715	15,025	94,006	120,673	113,942	0	0	0
Impairments of investments in privately-held companies
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity loss in affiliate and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Excess tax benefits from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	5,900	10,600	17,400	30,800	37,400	39,017	40,260	33,894	30,800	26,675	20,705	13,943	9,299	6,777	5,004	3,698	3,054	6,945	5,742	7,689	11,347	11,586	13,760	17,043	23,826	0	0	0
Other
59,200	29,700	30,500	33,100	-8,600	-1,800	5,800	11,600	11,000	19,400	2,200	1,900	-2,100	-9,500	-4,100	-13,500	-8,200	-7,500	-28,622	-18,661	-21,742	-24,200	-3,552	-2,908	-3,529	-3,182	-6,756	-7,571	-14,756	-14,471	-9,323	-2,884	4,127	-2,614	0	0	0	-	-	-	-
Provision for inventory obsolescence
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	3,731	4,024	4,262	5,180	3,458	4,416	3,547	2,398	0	0	0
Current and deferred income tax expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	147,356	139,244	131,563	136,229	110,580	99,423	104,172	81,432	60,345	59,118	42,607	41,923	0	0	0
Amortization of debt discount and debt issue costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	13,157	12,893	12,783	12,601	11,574	11,399	11,223	11,064	14,614	16,244	17,812	19,359	17,966	17,586	17,209	16,839	0	0	0
Amortization of discount or premium on investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-5,630	-5,451	-5,099	-4,501	-4,367	-4,309	-4,476	-4,604	-4,371	-4,370	-4,443	-4,474	-4,515	-4,135	-3,361	-2,574	0	0	0
Changes in operating assets and liabilities:
Accounts receivable
-10,100	-24,400	-31,700	-70,300	-51,400	-121,400	-36,500	-22,500	23,200	82,700	27,300	35,800	-6,800	21,700	44,800	68,900	38,600	30,500	39,776	-43,873	23,687	35,700	8,107	81,045	30,970	10,027	19,719	30,658	9,024	23,991	21,023	15,460	24,023	16,158	12,790	-31	6,212	23,452	0	0	0
Inventories
-17,300	-12,900	-15,600	-4,800	-4,600	-9,300	-20,700	-23,200	-13,200	500	28,600	30,500	26,300	24,500	11,900	13,700	10,900	6,800	11,930	11,634	17,601	21,000	17,630	15,955	14,634	12,394	12,777	12,170	9,067	5,933	6,849	10,776	13,503	16,055	15,441	11,186	11,469	9,196	0	0	0
Accounts payable and accrued expenses
-7,400	-16,300	-37,800	-53,900	-60,700	-11,000	50,200	85,300	89,300	66,200	24,600	1,600	-1,000	600	5,100	13,500	12,800	17,000	-16,855	-3,517	-13,824	-6,800	30,729	20,761	23,146	7,507	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other assets and liabilities
-29,000	201,900	233,800	191,100	174,400	-4,700	-38,800	42,300	105,100	61,400	102,900	54,400	55,400	71,800	200,100	-15,900	25,400	181,800	1,053	296,334	281,298	137,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	3,006	1,782	4,231	587	0	0	0
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,234	4,030	4,901	9,705	11,396	1,627	3,105	5,733	2,527	9,991	7,010	4,776	0	0	0
Accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	5,757	7,486	2,745	-2,734	0	0	0
Accrued expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-17,751	24,085	24,107	25,612	0	0	0
Other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-190,313	-180,389	-164,468	-145,759	-184,886	-123,812	-107,662	-93,559	-61,299	-89,804	-73,692	-59,676	0	0	0
Net cash provided by (used in) operating activities
635,400	-206,600	-223,700	-171,600	-124,700	778,400	607,200	628,200	519,100	474,200	723,400	693,600	748,600	643,600	505,700	484,200	399,500	382,800	447,946	449,283	353,803	355,300	369,075	299,838	438,166	425,267	426,055	380,203	383,741	323,628	270,048	257,278	234,429	250,195	237,818	259,968	230,664	211,532	0	0	0
Cash flows from investing activities:
Purchases of property, plant and equipment
71,600	83,700	110,800	138,700	171,900	184,400	160,400	140,900	108,300	86,300	73,200	60,300	49,800	38,000	54,800	56,200	49,600	49,800	20,543	23,688	32,724	47,400	58,570	54,342	46,343	31,910	39,752	37,065	75,866	111,905	89,903	101,015	69,924	35,978	42,166	28,406	18,614	18,640	0	0	0
Purchases of held-to-maturity and other investments
-	-	-	-	-	99,300	63,400	64,400	53,600	51,800	0	0	0	-	-	-	-	62,800	66,330	69,905	32,930	118,700	438,735	709,832	760,523	762,198	669,948	450,360	507,638	579,316	547,114	740,125	825,858	815,684	820,270	886,605	763,698	662,225	0	0	0
Sales/maturities of held-to-maturity investments
-	39,700	75,300	99,200	99,200	88,600	53,300	54,400	58,900	52,900	104,200	106,900	130,200	130,400	166,800	197,200	244,700	320,400	290,167	347,236	411,175	549,600	672,458	665,553	638,402	529,900	437,146	438,310	476,767	527,858	654,529	756,623	767,340	733,876	630,514	530,992	474,479	421,528	0	0	0
Purchases of available-for-sale investments
1,371,200	1,271,500	1,118,900	843,200	1,056,200	762,700	884,300	860,400	658,700	718,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales/maturities of available-for-sale investments
1,117,600	980,100	755,600	616,400	556,200	312,300	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Intangible assets acquired, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales of investments in equity securities
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of investments in privately-held companies
-	8,000	8,000	7,000	7,000	5,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restrictions on cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-13,901	0	0	0
Net cash used in investing activities
-302,700	-335,400	-473,800	-505,000	-822,200	-820,600	-1,026,800	-897,100	-728,700	-835,600	-548,700	-328,400	-129,300	48,300	96,300	423,800	447,200	503,600	499,094	249,443	300,521	338,500	130,153	-143,621	-199,230	-294,974	-303,320	-79,881	-106,737	-163,363	17,512	-88,064	-131,989	-121,333	-200,821	-333,937	-252,798	-209,236	0	0	0
Cash flows from financing activities:
Proceeds from line of credit
-	800,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of line of credit
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of debt issuance costs
-	-	-	-	-	13,200	13,200	13,200	700	700	700	700	700	6,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to repurchase common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	500,000	395,500	317,400	365,400	394,500	474,442	442,338	537,767	483,100	403,159	377,563	134,168	42,439	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the exercise of stock options
1,800	9,900	10,000	10,600	15,200	15,600	17,200	18,200	16,100	39,900	39,700	39,300	38,100	7,700	12,500	19,900	31,800	39,300	43,809	52,429	51,924	50,200	46,106	38,685	30,729	26,611	27,012	23,788	19,253	16,805	10,139	3,788	12,232	24,398	44,950	54,551	63,076	85,427	0	0	0
Proceeds from the issuance of stock under employee stock purchase plan
4,400	4,100	4,100	4,000	4,000	3,900	4,000	4,100	4,100	4,100	4,000	4,200	4,200	4,300	4,300	4,300	4,300	4,000	3,971	3,528	3,466	3,300	3,329	3,088	3,090	2,734	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Restricted stock units withheld for taxes
3,600	2,100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Excess tax benefits from share-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	5,900	10,600	17,400	30,800	37,400	39,017	40,260	33,894	30,800	26,675	20,705	13,943	9,299	6,777	5,004	3,698	3,054	6,945	5,742	7,689	11,347	11,586	13,760	17,043	23,826	0	0	0
Principal payments of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by financing activities
-248,100	611,200	761,300	812,000	804,800	6,300	8,000	9,100	19,500	43,300	-60,200	-196,000	-340,100	-497,700	-409,800	-319,400	-424,600	-447,000	-672,545	-703,221	-640,283	-576,600	-328,369	-241,405	-87,726	-5,115	-63,989	-113,327	-170,574	-169,140	-367,665	-332,294	-233,903	-218,079	94,039	105,814	117,622	146,756	0	0	0
Effect of exchange rate changes on cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-3,000	-4,400	-5,500	-1,800	-5,300	-6,628	-5,562	-6,746	-3,800	-1,167	684	458	-319	59	-458	-970	229	-454	-1,028	-834	-269	2,762	3,867	3,519	2,758	0	0	0
Net increase in cash and cash equivalents
84,600	69,200	63,700	135,400	-142,100	-35,900	-411,500	-260,000	-189,900	-317,900	114,500	168,400	275,800	191,200	187,800	583,100	420,300	434,100	267,867	-10,057	7,295	113,400	169,692	-84,504	151,668	124,859	58,805	186,537	105,460	-8,646	-80,559	-164,108	-132,297	-89,486	133,798	35,712	99,007	151,810	0	0	0
Supplemental cash flow information:
Cash paid for interest
39,300	41,000	34,200	25,500	16,300	9,400	10,600	10,400	8,800	7,500	5,200	3,000	2,400	1,500	100	400	400	1,000	1,757	3,473	4,229	5,500	5,479	5,470	5,458	5,518	5,521	5,519	5,530	5,302	5,900	4,601	5,173	4,103	0	0	0	-	-	-	-
Cash (received) paid for income taxes
110,600	120,200	145,000	133,900	103,400	102,700	0	0	0	-	-	-	-	362,400	460,100	405,200	365,700	293,300	134,817	165,334	144,997	195,600	200,191	196,857	163,994	142,140	146,091	130,845	117,778	101,505	96,506	88,763	69,993	46,510	45,398	34,560	27,000	22,683	0	0	0
Non-cash investing and financing activities:
Non-cash additions to property, plant and equipment
54,100	54,500	-2,800	-1,900	3,400	11,500	22,000	21,900	18,900	11,500	7,400	6,500	6,100	2,900	1,900	3,100	4,000	1,100	2,302	171	-3,307	3,200	9,262	10,762	15,126	9,018	99	-1,399	-6,464	1,820	13,548	21,972	29,814	23,063	0	0	0	-	-	-	-
Issuance of common stock upon conversion of convertible notes
-	-	-	-	-	-	-	-	-	-	-	-	-	7,500	58,700	64,600	294,100	321,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-