Viavi Solutions Inc. VIAV Cash Flow

Viavi solutions inc. (VIAV)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jul'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	Dec'09	Sep'09
OPERATING ACTIVITIES:
Net (loss) income
-32,800	28,000	6,800	12,500	-4,800	13,000	-15,300	-29,200	-10,700	-1,100	-7,600	-	26,000	49,200	78,000	-67,900	33,800	4,000	-69,100	-40,100	-13,200	-25,100	-9,700	-25,400	-1,500	8,800	300	92,500	-28,000	4,100	-11,600	-22,200	-17,400	-10,200	-5,800	9,300	38,600	23,600	100	1,500	-11,900	-19,500	-31,900
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation expense
10,300	9,900	9,800	10,000	10,000	9,800	9,900	10,200	8,800	8,300	8,400	-	6,700	7,600	7,900	8,300	8,100	8,700	13,000	20,500	20,100	20,600	19,600	18,700	18,200	17,800	17,800	17,500	17,000	16,900	17,000	17,700	17,900	17,400	17,300	16,600	16,600	16,100	14,800	14,300	14,100	14,500	15,400
Asset retirement obligations and deferred rent expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	200	200	-1,700	-300	-800	-4,300
Amortization of acquired technologies and other intangibles
-	-	17,100	-	-	-	19,200	22,300	10,700	7,500	7,200	-	7,100	7,100	7,300	7,800	7,700	8,300	8,700	12,200	15,800	16,100	15,100	16,000	16,200	12,700	14,100	18,500	20,100	16,800	20,800	22,100	21,600	22,600	21,200	22,000	22,300	22,100	22,700	21,500	18,600	19,000	19,300
Stock-based compensation
11,700	11,300	10,300	9,700	10,800	9,600	8,100	7,700	7,600	7,700	7,500	-	8,100	9,100	8,700	8,400	9,100	8,900	17,600	16,600	19,600	15,000	15,700	15,800	16,900	15,700	15,700	14,900	15,300	13,600	12,700	11,600	13,400	12,500	11,600	11,500	10,900	10,000	9,000	10,000	10,000	12,000	11,100
Amortization of debt issuance costs and accretion of debt discount
5,500	5,500	5,500	5,500	5,100	5,200	6,900	8,800	8,800	9,000	9,800	-	8,600	7,500	7,500	7,400	7,200	7,100	7,100	6,900	6,900	6,800	6,700	6,600	6,500	6,500	3,300	1,600	3,000	3,800	4,500	5,300	5,300	5,200	5,100	4,900	5,000	4,900	4,700	4,600	4,500	4,400	4,400
Amortization of discount and premium on investments, net
-	-	-	-	-	-	-	100	-200	-300	100	-	0	-700	-100	100	-100	-400	-400	-500	-800	-900	-1,000	-	-	-	-	-	-	-	-	-	-1,000	-1,100	-800	-	-1,000	-2,700	1,000	-	-	-	-
Net change in fair value of contingent liabilities
0	-6,000	1,700	-5,900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash changes in short term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	800
Loss (Gain) on sales of investments
-	-	-	-	-	-	-	-	-	-	-	-	51,200	53,900	81,500	31,800	39,800	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	3,200	11,000	1,300	700	100
Loss on disposal of long-lived assets
-	-	-	-	-	-	-	-400	-200	-700	-800	-1,200	-2,800	-1,200	-500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	-	-	-900	-300	-200	-3,600	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-2,500	-1,800	-600	-1,000	-2,500	-1,500	-100	-1,500	100	-100	-700	-	-	-	-200	-1,700	-600	-900	1,100	-2,500	-1,500	-2,700	-400	-3,500	-1,600	2,700	-2,000	-2,500	-500	1,100	-2,400	-	-	-	400	-	-	-	-	-	-	-	-
Dividends received from long-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	2,000
Allowance for doubtful accounts and sales returns
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	700	-100	500	800	100	100
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable
-6,900	14,000	-500	7,300	-25,600	26,800	6,700	31,900	1,400	23,300	-4,700	-	-24,200	4,000	17,200	-800	-28,700	27,100	-21,000	-1,800	-9,400	23,200	500	10,600	-29,300	9,700	18,600	-22,000	12,200	5,400	-34,800	11,400	10,200	6,800	-45,600	-2,100	-8,800	44,300	19,400	10,900	14,200	34,000	3,200
Inventories
-400	-6,600	3,400	10,300	8,500	-2,000	-1,400	-8,300	-6,500	8,200	12,100	-	0	3,600	-3,000	400	-4,300	2,000	4,500	-700	4,300	-800	3,200	8,000	-800	-1,600	-2,400	-7,400	-24,500	5,500	-800	-15,200	3,300	1,100	18,500	6,200	15,800	8,900	7,700	-600	1,800	-11,000	-12,400
Other current and non-currents assets
-4,400	800	1,700	2,100	-300	-2,200	2,900	7,700	200	-1,500	-9,000	-	10,200	-1,000	8,100	-1,400	-1,100	-1,100	-1,500	3,800	2,600	-200	2,800	-6,900	-2,000	-900	4,400	8,900	-6,900	600	12,700	8,300	-200	7,800	-1,100	-27,300	23,300	5,700	-11,400	5,300	300	-13,800	-10,100
Accounts payable
-1,800	-12,600	-1,600	9,100	2,600	-6,700	3,700	2,700	8,300	-2,300	4,500	-	-900	400	-10,200	6,300	2,500	-8,100	-2,800	7,500	-18,700	-16,800	17,900	2,700	1,400	-7,700	29,500	-22,200	2,500	4,300	-700	-10,200	2,800	-6,600	-15,200	-5,200	7,500	10,400	-3,000	16,800	11,200	-2,600	-4,600
Income taxes payable
2,800	3,800	2,000	600	-2,600	5,700	1,300	8,600	-6,900	5,200	-5,800	-	800	2,500	1,200	-12,800	-4,000	-8,500	23,800	-5,700	-19,900	3,200	1,100	1,900	-1,900	1,500	-200	-	-	-	-	-100	100	-700	-100	600	-2,200	1,200	-3,600	-4,000	-4,400	-700	-400
Deferred revenue, current and non-current
4,500	7,000	-4,100	-5,500	2,100	-800	1,100	11,600	-9,600	10,600	-5,300	-	-400	-4,700	-12,200	-10,500	-3,700	11,800	0	800	1,600	600	200	-6,600	12,500	-4,900	1,700	3,100	10,500	-5,200	-7,300	-7,500	12,000	3,500	-13,100	-10,400	27,500	9,800	17,200	-	-	-	-
Deferred taxes, net
-30,600	1,500	1,300	-4,100	1,500	2,600	1,900	-200	300	2,100	4,600	-	1,800	500	400	7,000	-200	600	-8,000	-6,200	-100	-5,900	-7,600	6,200	22,200	-200	4,900	119,400	-1,600	-200	1,900	-	-	-	-	-	-	-	-	-	-	1,100	1,000
Accrued payroll and related expenses
-18,500	4,400	3,800	5,700	-9,300	6,900	2,600	3,900	-6,300	1,400	-2,000	-	4,600	1,200	-2,700	8,200	-10,600	1,400	-12,800	6,300	-30,200	7,800	-16,300	13,400	-25,800	15,600	-22,800	14,900	-25,400	15,100	-14,000	11,600	-23,900	10,300	-23,300	10,900	-25,300	23,400	-10,000	8,900	-6,600	17,600	-8,200
Accrued expenses and other current and non-current liabilities
-4,300	-22,600	-14,700	-17,100	-8,400	3,100	100	-700	-2,300	8,400	-7,700	-	-3,400	-200	32,800	17,500	-9,900	-7,300	-11,100	13,800	-9,700	1,100	-12,000	20,700	-12,700	-3,800	-6,400	12,300	-7,400	-2,100	-1,700	-6,300	-7,300	5,900	-3,400	6,100	-19,300	-3,400	1,600	-10,100	-26,000	3,300	-800
Net cash provided by operating activities
39,100	38,000	31,300	28,500	41,200	41,500	27,600	17,500	13,600	23,900	11,000	-	20,900	21,800	14,900	29,300	36,300	-1,000	-300	47,800	-22,900	16,600	40,800	50,200	42,500	54,400	29,500	57,100	28,200	59,400	43,100	37,300	13,200	45,700	22,900	56,000	52,900	60,700	35,700	46,900	16,300	38,900	17,100
INVESTING ACTIVITIES:
Purchases of available-for-sale investments
-	-	-	-	-	-	-	12,400	72,900	147,200	150,400	-	169,000	139,300	233,700	88,300	148,500	87,800	97,800	102,700	159,800	148,500	151,700	187,800	213,400	201,200	470,500	51,500	122,600	144,700	147,800	111,700	121,900	87,700	123,500	104,300	117,800	72,000	61,200	79,200	29,000	77,300	241,600
Maturities of available-for-sale investments
0	0	0	2,200	2,900	5,700	36,500	30,500	157,500	109,700	140,600	-	120,100	114,400	86,800	65,600	79,800	81,000	169,300	124,600	184,300	120,800	145,100	153,200	192,400	88,500	46,800	52,600	64,900	84,900	85,300	-	-	-	-	-	-	-	-	-	-	-	-
Sales of available-for-sale investments
0	0	0	22,800	100	16,000	81,000	8,800	169,300	15,400	11,200	-	87,100	76,500	157,800	70,000	145,400	35,800	36,100	1,900	30,300	19,600	19,600	62,300	32,100	129,000	25,700	141,800	108,400	21,400	17,300	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures
10,300	6,200	7,100	10,300	10,500	12,100	12,100	12,700	14,900	6,500	8,400	-	10,300	8,500	11,600	8,900	7,200	5,200	14,200	32,800	18,300	23,900	26,500	31,700	23,800	31,900	12,400	18,400	13,400	15,500	17,800	15,300	16,100	19,600	21,200	30,900	34,200	28,300	23,300	15,300	8,400	11,800	5,900
Proceeds from the sale of assets
900	1,900	1,200	1,200	1,200	1,400	1,600	2,100	1,400	1,400	900	-	1,600	1,400	1,400	1,000	1,600	1,900	1,500	1,000	1,000	2,000	2,200	1,200	1,100	6,800	100	-	-	-	-	-	-	-	-	0	100	0	600	-2,000	600	1,200	1,200
Maturities and sales of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	123,400	101,200	100,300	-	71,800	75,800	72,500	115,800	95,000	168,600	244,100
Changes in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	700	0	-900	100	600	400	-15,100	-1,000	-2,400	-3,300	700	500	700	600	500	-1,000	-100	-900	400	-1,400	-300	-1,900	100	300	1,700	-1,300	1,600	-2,100	9,600	-700	14,300
Acquisitions, net of cash acquired
-	-	-	-	-	-	-	0	453,700	900	55,300	-	0	0	0	-	-	-	-	-	-	-	-	-3,300	196,800	22,400	100	0	72,100	2,000	9,100	0	8,800	0	3,700	-	-	-	-	163,300	1,000	300	42,700
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,000
Net cash (used in) provided by investing activities
-9,400	-4,800	-5,900	-1,400	-7,900	-17,100	107,000	16,300	-213,300	-28,100	-61,400	-	28,800	44,500	1,600	39,300	70,500	24,400	110,000	-7,000	39,900	-26,700	-12,000	0	-209,100	-31,800	-410,900	125,500	-34,700	-43,300	-72,500	-32,300	-23,100	-2,100	-48,200	-70,300	-81,800	-23,200	-13,000	-136,400	47,600	80,600	-57,200
FINANCING ACTIVITIES:
Proceeds from sale of Lumentum Holdings Inc. Series A Preferred Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	35,800	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash contribution to Lumentum Holdings Inc.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	600	300	0	136,700	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Convertible Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	650,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of debt issuance costs
0	0	0	0	0	0	500	1,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	13,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase and retirement of common stock
33,100	9,200	1,500	2,200	500	8,500	0	0	9,800	21,800	9,200	-	51,900	14,200	25,500	4,500	0	40,000	0	100	0	0	4,700	55,200	0	0	100,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Withholding tax payment on vesting of restricted stock awards
3,300	7,500	7,600	3,600	2,100	4,300	5,500	2,000	2,400	3,700	5,200	-	3,600	3,200	4,600	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase and redemption of convertible debt
0	0	0	0	0	142,600	134,300	155,300	23,000	13,000	162,000	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	161,000	49,300	48,700	47,800	-	-	-	-	-	-	-	-	-	-	-	-
Payment of financing obligations
-	800	1,000	-	-	200	200	200	200	200	700	-	200	200	200	200	4,400	400	900	200	10,200	2,800	10,100	12,900	700	300	300	1,900	200	200	200	1,900	2,100	1,100	6,500	1,100	1,900	1,900	1,900	3,400	100	3,300	1,800
Proceeds from exercise of employee stock purchase plan
3,200	0	2,300	0	3,300	0	2,100	0	2,400	0	2,500	-	6,200	700	3,300	1,500	2,200	500	300	6,800	7,100	1,500	5,400	500	8,200	2,200	11,600	4,400	9,800	4,600	6,900	400	10,500	600	6,400	1,400	28,000	2,800	5,900	-	-	-	-
Issuance of stock pursuant to employee stock plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	100	2,100
Net cash used in financing activities
-33,500	-17,500	-7,800	-6,800	400	-155,600	-138,400	65,800	-33,000	-38,700	-174,600	-	401,500	-16,900	-27,000	-15,200	-2,500	-39,900	-101,500	6,500	-3,100	-1,300	-9,400	-67,600	7,500	1,900	547,800	-158,500	-39,900	-44,300	-41,100	-15,000	6,800	6,400	-100	300	26,100	700	4,000	-2,200	6,100	-3,200	300
Effect of exchange rates on cash, cash equivalents and restricted cash
-15,500	10,900	-14,400	-5,700	4,000	-4,000	-7,200	-22,700	13,700	2,800	9,100	-	7,300	-18,000	1,900	-7,600	3,800	-4,500	-6,100	1,400	-8,300	-6,100	-5,500	100	200	-400	1,900	-800	-1,400	1,100	2,000	-2,900	1,900	-1,700	-3,100	1,600	2,000	100	3,400	-1,700	-1,200	-300	1,700
Net increase (decrease) in cash, cash equivalents and restricted cash
-19,300	26,600	3,200	14,600	37,700	-135,200	-11,000	76,900	-219,000	-40,100	-215,900	-	458,500	31,400	-8,600	45,800	108,100	-21,000	2,100	48,700	5,600	-17,500	13,900	-17,300	-158,900	24,100	168,300	23,300	-47,800	-27,100	-68,500	-12,900	-1,200	48,300	-28,500	-12,400	-800	38,300	30,100	-93,400	68,800	116,000	-38,100