Veeco instruments inc. (VECO)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'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
Net income (loss)

-60,770

-78,733

-190,536

-187,722

-409,791

-407,088

-270,892

-285,680

-68,863

-51,396

-47,733

-93,589

-104,854

-122,027

-126,999

-52,097

-28,401

-31,978

-79,103

-98,385

-105,210

-66,940

-32,113

-24,162

-13,032

-42,263

-29,233

-11,454

4,445

30,928

60,259

84,369

91,757

127,987

304,871

355,171

388,358

361,760

0

0

0

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

33,327

34,399

34,726

35,007

41,068

49,998

58,910

66,781

62,022

50,095

38,935

30,979

29,856

32,650

35,094

35,416

37,719

39,850

37,690

34,698

29,526

24,573

23,994

22,040

20,269

18,425

16,091

16,343

16,404

16,192

15,782

14,925

13,946

12,892

11,741

10,038

10,176

10,789

0

0

0

Amortization of debt discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,260

2,049

2,817

3,086

3,058

0

0

0

Non-cash interest expense

12,915

12,676

12,441

12,210

11,984

11,762

11,544

11,330

11,120

10,446

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on sale of lab tools

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,549

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in contingent consideration

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-29,368

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

490

360

1,272

48

-27,366

-27,620

-41,635

-42,920

-29,386

-35,363

-23,132

-20,925

-5,714

997

2,383

3,590

2,506

2,648

-4,563

-7,776

-9,925

-11,330

-12,041

-4,368

-6,847

-12,264

-5,814

-11,498

-7,229

-340

4,754

5,114

3,962

11,276

19,509

-13,636

-17,305

-25,141

0

0

0

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,349

0

0

0

-

-

-

-

Share-based compensation expense

15,759

15,270

14,882

14,378

14,694

16,074

17,140

20,031

24,747

24,396

23,584

21,157

15,539

15,741

16,081

17,457

18,376

17,986

18,548

17,919

18,089

18,813

18,379

16,651

15,273

13,130

12,693

13,416

13,717

14,268

13,964

13,434

13,137

12,807

12,019

10,897

9,703

8,769

0

0

0

Asset impairment

-

-

-

-

-

-

-

-

-

1,139

0

0

0

-

-

-

-

126

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from equity-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,815

3,558

2,241

2,119

-4,016

-4,130

-8,309

-10,406

0

0

0

-

-

-

-

Provision for bad debts

-

-

-

-

-

-

-

-

-

99

110

103

103

171

0

0

0

-

-

-

-

-

-

-

-

1,946

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

0

0

-

-

0

0

Non-cash items from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

44,381

0

0

0

-

-

-

-

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

13,916

-5,796

-4,744

-67,703

-24,864

-21,821

-17,369

26,930

6,808

-10,240

14,056

18,949

-3,949

8,880

3,953

-41,008

-7,957

-10,715

-24,243

15,378

2,651

25,390

24,346

13,922

10,045

-36,898

-21,626

-49,109

-45,942

-31,017

-55,107

-33,037

-6,034

-56,843

-14,561

10,400

28,764

83,160

0

0

0

Inventories and deferred cost of sales

-8,926

-14,969

-10,991

6,254

20,744

24,678

20,832

23,984

2,804

-6,244

-14,131

-28,809

-6,223

6,106

10,192

5,620

3,789

12,312

13,456

21,818

8,886

-6,513

-7,528

-14,026

-19,298

-2,753

-15,831

-26,838

-34,943

-53,937

-54,283

-30,411

-4,815

18,627

57,595

69,749

56,028

49,535

0

0

0

Prepaid expenses and other current assets

-8,497

-7,520

97

-2,391

-4,935

-11,216

-164

5,944

2,637

10,204

-2,734

-4,930

-9,643

-6,726

-3,290

-5,209

-2,271

39

5,577

3,458

7,805

2,245

-9,307

-8,112

-3,933

-842

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued expenses

-226

-26,945

-31,666

-57,388

-33,941

-19,672

4,173

30,176

12,704

11,308

-7,350

-22,425

-21,651

-24,474

-4,893

-18,727

-3,897

9,470

-6,318

14,721

7,863

-5,534

6,387

-14,584

-1,156

7,542

-6,988

16,562

-3,469

-12,106

-7,207

-27,406

-559

8,098

-115

14,797

9,456

7,299

0

0

0

Customer deposits and deferred revenue

-19,253

-17,866

1,588

10,571

-25,592

-39,296

-44,173

-3,519

18,614

22,446

25,232

7,540

-2,447

9,770

-9,241

-62,715

-36,237

-20,738

16,808

64,309

63,109

55,536

28,705

12,592

-12,677

-17,329

-24,565

-28,846

-25,294

-34,227

-47,935

-81,873

-68,750

-72,723

-59,927

36,519

59,581

85,500

0

0

0

Income taxes receivable and payable, net

-68

-655

-1,841

-1,198

-2,980

-4,800

-2,761

-3,543

-1,638

775

0

0

0

-

-

-

-2,734

759

21,911

21,942

23,491

20,279

-11,222

-10,380

-11,791

-12,734

1,256

1,350

1,854

1,853

595

1,328

-11,017

-42,204

-7,334

20,839

45,637

78,894

0

0

0

Long-term income tax liability

-

-

-

-

-

-

-

-

-

-4,877

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other, net

-1,413

-408

698

1,014

525

627

1,011

1,007

900

355

497

-2,781

-2,208

-1,951

-100

2,022

10

-520

-7,982

-8,049

-4,446

-5,497

-2,018

5,729

4,340

-2,499

-4,551

497

-4,752

-9,253

-11,718

-20,113

-11,936

-2,119

-14,855

1,550

-1,551

4,742

0

0

0

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash provided by (used in) operating activities

12,479

-7,416

-21,365

11,561

-48,222

-37,738

-19,661

-12,858

16,854

34,993

15,740

-2,302

1,286

-23,844

-30,369

-27,303

-7,297

15,789

70,519

70,806

64,758

42,069

-10,483

-29,800

-28,160

727

10,738

65,438

80,814

111,963

161,182

100,406

82,190

115,442

66,438

160,508

227,348

194,214

0

0

0

Cash Flows from Investing Activities
Capital expenditures

9,763

10,873

15,055

15,299

12,575

12,654

12,657

18,011

22,344

24,272

18,165

12,357

11,678

11,479

13,535

15,536

13,094

13,887

16,181

18,609

18,231

15,588

11,674

7,684

9,693

9,174

10,264

14,392

18,158

24,994

35,554

45,674

59,417

60,364

50,217

36,121

19,116

10,724

0

0

0

Proceeds from the sale of investments

175,979

127,349

126,930

85,200

78,565

90,065

106,535

158,706

355,516

348,927

328,761

309,742

168,782

152,301

151,297

116,645

56,021

88,647

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Proceeds from the liquidation of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

Payments for purchases of investments

186,596

192,988

169,407

103,754

80,004

93,046

75,305

129,206

118,106

282,947

0

0

0

-

-

-

-

85,838

17,004

77,706

151,746

157,737

193,615

260,361

335,375

589,099

628,449

536,833

418,290

165,080

191,662

276,416

452,617

588,453

0

0

0

-

-

-

-

Proceeds from sale of lab tools

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,873

3,758

8,332

9,259

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for purchases of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

230

-1,432

-1,652

-855

-1,000

-1,950

-170

-406

-350

0

0

0

-

-

-

-

-

-

-

-

-195

1,572

-275

-113

-13

0

0

0

Proceeds (tax withholdings) from stock option exercises and employee stock purchase plan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-19,735

-75,867

-56,887

-36,515

-16,676

-18,297

13,561

11,423

-184,478

-357,836

-382,742

-379,600

-155,936

46,710

-6,975

-5,145

-28,471

-7,078

-1,946

8,346

22,106

8,103

24,416

18,023

18,159

-168,056

-148,762

-144,390

-140,386

48,321

5,404

168,725

164,497

106,294

96,262

-221,862

-141,629

-121,621

0

0

0

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash withholdings for employee stock purchase plan

-

-

-

-

-

-

0

0

3,543

-

0

0

0

-

-

-

-

2,233

3,915

4,088

3,785

12,056

11,371

11,011

10,235

2,199

352

3,561

5,152

5,409

6,109

3,780

8,300

10,714

19,079

21,146

21,147

45,164

0

0

0

Restricted stock tax withholdings

3,018

2,980

2,811

2,451

3,284

3,069

3,973

5,306

8,707

8,741

9,214

8,230

3,035

2,601

2,270

2,700

3,190

3,215

2,279

1,388

1,957

2,075

2,263

2,228

2,734

2,696

2,665

2,730

1,762

1,725

1,672

1,845

3,255

3,173

4,640

4,379

4,176

4,619

0

0

0

Excess tax benefits from equity-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

393

1,602

2,059

2,119

4,016

4,130

8,309

10,406

0

0

0

-

-

-

-

Purchases of common stock

-

-

-

-

-

11,457

0

0

0

-

-

-

-

13,349

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from long-term debt borrowings

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments on long-term debt

-

-

-

-

-

-

-

-

-

1,194

1,281

354

347

340

333

327

320

314

308

302

296

290

285

278

274

269

263

259

253

248

242

238

98,349

105,803

105,801

105,794

7,675

213

0

0

0

Other

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

Net cash provided by (used in) financing activities

23

126

-145

-9,874

-11,200

-11,462

-14,847

-6,880

-9,730

325,940

328,267

329,848

334,633

-14,634

-22,778

-23,734

-23,600

-10,203

1,328

2,398

1,532

9,691

3,338

3,044

2,196

-5,766

-2,183

2,174

5,196

5,555

8,209

-148,497

-247,080

-249,935

-228,063

-104,355

-3,337

25,505

0

0

0

Effect of exchange rate changes on cash and cash equivalents

-33

26

0

0

0

-

-

-

59

42

-15

-23

-44

-20

26

-30

-33

-87

205

-29

45

149

-929

-483

-634

-663

825

1,279

2,165

796

-983

-1,255

-1,112

989

455

2,066

449

-1,466

0

0

0

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

-7,266

-83,131

-78,388

-34,819

-76,123

-67,501

-20,934

-8,297

-177,295

3,139

-38,750

-52,077

179,939

8,212

-60,096

-56,212

-59,401

-1,579

70,106

81,521

88,441

60,012

16,342

-9,216

-8,439

-173,758

-139,382

-75,499

-52,211

166,635

173,812

119,379

-1,505

-27,210

-64,908

-163,643

82,831

96,632

0

0

0

Supplemental Disclosure of Cash Flow Information
Interest paid

9,396

9,408

9,454

9,737

9,727

9,708

9,663

9,302

9,318

4,675

4,713

187

217

225

560

517

488

485

142

148

153

159

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes paid

883

2,931

3,365

3,854

4,767

4,799

4,441

4,080

3,640

1,939

1,980

1,807

1,375

1,669

2,507

5,750

7,513

7,091

6,452

3,946

2,013

3,320

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net transfer of property, plant and equipment to inventory

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net transfer of inventory to property, plant and equipment

-

-

-

-

-

-

-

-

-

-97

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

5,576

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Transfers from property, plant and equipment to inventory

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,913

0

0

0

Transfers from inventory to property, plant and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

850

0

0

0