Veeco instruments inc. (VECO)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash Flows from Operating Activities
Net income (loss)

-78,733

-407,088

-51,396

-122,027

-31,978

-66,940

-42,263

30,928

127,987

361,760

-15,632

Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization

34,399

49,998

50,095

32,650

39,850

24,573

18,425

16,192

12,892

10,789

12,227

Amortization of debt discount

-

-

-

-

-

-

-

-

1,260

3,058

2,846

Non-cash interest expense

12,676

11,762

10,446

-

-

-

-

-

-

-

-

Impairment of long-lived assets

-

-

-

-

-

-

-

1,335

-

-

-

Gain on sale of lab tools

-

-

-

-

1,261

1,549

767

-

-

-

-

Gain on disposal of segment

-

-

-

-

-

-

-

4,112

-

156,290

-

Gain on cumulative translation adjustment

-

-

-

430

-

3,142

-

-

-

-

-

Changes in contingent consideration

-

-

-

-

-

-29,368

829

-

-

-

-

Deferred income taxes

360

-27,620

-35,363

997

2,648

-11,330

-12,264

-340

11,276

-25,141

-414

Non-cash inventory write-off

-

-

-

-

-

-

-

-

-

-

1,526

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-3,349

-

-

Share-based compensation expense

15,270

16,074

24,396

15,741

17,986

18,813

13,130

14,268

12,807

8,769

7,113

Asset impairment

4,020

375,172

1,139

69,520

126

58,170

1,220

-

584

-

304

Impairment of equity investments

20,973

0

0

-

-

-

-

-

-

-

-

Excess tax benefits from equity-based compensation

-

-

-

-

-

-

-

2,119

-10,406

-23,271

-

Provision for bad debts

392

-

99

171

43

-1,814

1,946

198

-

-

-

Other, net

-

-

-

-

-

-

-

-

31

206

-44

Non-cash items from discontinued operations

-

-

-

-

-

-

-

-

44,381

14,030

10,877

Changes in operating assets and liabilities:
Accounts receivable and contract assets

-5,796

-21,821

-10,240

8,880

-10,715

25,390

-36,898

-31,017

-56,843

83,160

28,379

Inventories and deferred cost of sales

-14,969

24,678

-6,244

6,106

12,312

-6,513

-2,753

-53,937

18,627

49,535

-10,322

Prepaid expenses and other current assets

-7,520

-11,216

10,204

-6,726

39

2,245

-842

-8,524

13,087

4,749

1,418

Accounts payable and accrued expenses

-26,945

-19,672

11,308

-24,474

9,470

-5,534

7,542

-12,106

8,098

7,299

3,067

Customer deposits and deferred revenue

-17,866

-39,296

22,446

9,770

-20,738

55,536

-17,329

-34,227

-72,723

85,500

51,582

Income taxes receivable and payable, net

-655

-4,800

775

547

759

20,279

-12,734

1,853

-42,204

78,894

1,482

Long-term income tax liability

-

-

-4,877

-

-

-

-

-

-

-

-

Income taxes receivable

-

-

-

-

-

-

-

-

9,076

-

-

Supplier deposits

-

-

-

-

-

-

-

-

-

23,296

-117

Other, net

-408

627

355

-1,951

-520

-5,497

-2,499

-9,253

-2,119

4,742

1,486

Discontinued operations

-

-

-

-

-

-

-

-2,638

-

-5,495

4,860

Net cash provided by (used in) operating activities

-7,416

-37,738

34,993

-23,844

15,789

42,069

727

111,963

115,442

194,214

59,038

Cash Flows from Investing Activities
Acquisitions of businesses, net of cash acquired

-

2,662

401,828

-

68

144,069

71,488

-

28,273

-

2,434

Capital expenditures

10,873

12,654

24,272

11,479

13,887

15,588

9,174

24,994

60,364

10,724

7,460

Payments of earn-outs for businesses acquired

-

-

-

-

-

-

-

-

-

-

195

Transfers from (to) restricted cash related to discontinued operations

-

-

-

-

-

-

-

-

-75,540

76,115

-

Proceeds from the sale of investments

127,349

90,065

348,927

152,301

88,647

318,276

499,645

244,929

707,649

-

-

Proceeds from the maturity of CDARS

-

-

-

-

-

-

-

-

-

213,641

-

Proceeds from the liquidation of short-term investments

-

-

-

-

-

-

-

-

-

32,971

-

Payments for purchases of investments

192,988

93,046

282,947

103,394

85,838

157,737

589,099

165,080

588,453

506,103

135,000

Payments for purchase of cost method investment

-

-

-

-

-

2,388

2,391

10,341

-

-

-

Proceeds from held for sale assets

645

-

2,284

9,512

3,068

-

-

-

-

-

834

Proceeds from sale of lab tools

-

-

-

-

-

9,259

4,440

3,758

-

-492

-

Proceeds from disposal of segment, net of transaction fees

-

-

-

-

-

-

-

-

-

225,188

-

Other

-

-

-

230

-1,000

-350

-11

-49

-195

-13

-

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-10,510

Net cash provided by (used in) investing activities

-75,867

-18,297

-357,836

46,710

-7,078

8,103

-168,056

48,321

106,294

-121,621

-154,765

Cash Flows from Financing Activities
Proceeds (net of tax withholdings) from option exercises and employee stock purchase plan

3,106

3,064

2,992

-

-

-

-

-

-

-

-

Cash withholdings for employee stock purchase plan

-

-

-

1,656

2,233

12,056

2,199

5,409

10,714

45,164

12,586

Restricted stock tax withholdings

2,980

3,069

8,741

2,601

3,215

2,075

2,696

1,725

3,173

4,619

607

Proceeds from issuance of common stock

-

-

-

-

-

-

-

-

-

-

130,086

Excess tax benefits from equity-based compensation

-

-

-

-

-

-

-

2,119

10,406

23,271

-

Contingent consideration payments

-

-

-

-

-

-

5,000

-

-

-

-

Purchases of common stock

-

11,457

2,869

13,349

8,907

-

-

-

162,077

38,098

-

Proceeds from long-term debt borrowings

-

-

335,752

-

-

-

-

-

-

-

-

Principal payments on long-term debt

-

-

1,194

340

314

290

269

248

105,803

213

196

Other

-

-

-

-

-

-

-

-

-2

-

-

Net cash provided by (used in) financing activities

126

-11,462

325,940

-14,634

-10,203

9,691

-5,766

5,555

-249,935

25,505

141,869

Effect of exchange rate changes on cash and cash equivalents

26

-4

42

-20

-87

149

-663

796

989

-1,466

-163

Net increase (decrease) in cash, cash equivalents, and restricted cash

-83,131

-67,501

3,139

8,212

-1,579

60,012

-173,758

166,635

-27,210

96,632

45,979

Supplemental Disclosure of Cash Flow Information
Interest paid

9,408

9,708

4,675

225

485

159

357

209

1,393

4,727

4,935

Income taxes paid

2,931

4,799

1,939

1,669

7,091

3,320

8,001

11,566

89,745

9,925

1,808

Non-cash operating and financing activities
Net transfer of inventory to property, plant and equipment

4,916

1,479

-97

1,827

-

-

-

-

-

-

-

Right-of-use assets obtained in exchange for lease obligations

5,576

-

-

-

-

-

-

-

-

-

-

Transfers from property, plant and equipment to inventory

-

-

-

-

-

-

-

-

-

3,913

1,159

Transfers from inventory to property, plant and equipment

-

-

-

-

-

-

-

-

-

850

23