Viavi Solutions Inc. VIAV Cash Flow

Viavi solutions inc. (VIAV)

CashFlow / TTM

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
14,500	42,500	27,500	5,400	-36,300	-42,200	-56,300	-48,600	-5,700	31,000	81,300	-	85,300	93,100	47,900	-99,200	-71,400	-118,400	-147,500	-88,100	-73,400	-61,700	-27,800	-17,800	100,100	73,600	68,900	57,000	-57,700	-47,100	-61,400	-55,600	-24,100	31,900	65,700	71,600	63,800	13,300	-29,800	-61,800	0	0	0
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation expense
40,000	39,700	39,600	39,700	39,900	38,700	37,200	35,700	32,700	30,600	29,900	-	30,500	31,900	33,000	38,100	50,300	62,300	74,200	80,800	79,000	77,100	74,300	72,500	71,300	70,100	69,200	68,400	68,600	69,500	70,000	70,300	69,200	67,900	66,600	64,100	61,800	59,300	57,700	58,300	0	0	0
Asset retirement obligations and deferred rent expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,100	-1,600	-2,600	-7,100	0	0	0
Amortization of acquired technologies and other intangibles
-	-	70,400	-	-	-	59,700	47,700	32,200	28,600	28,200	-	29,300	29,900	31,100	32,500	36,900	45,000	52,800	59,200	63,000	63,400	60,000	59,000	61,500	65,400	69,500	76,200	79,800	81,300	87,100	87,500	87,400	88,100	87,600	89,100	88,600	84,900	81,800	78,400	0	0	0
Stock-based compensation
43,000	42,100	40,400	38,200	36,200	33,000	31,100	30,500	30,100	30,600	32,000	-	34,300	35,300	35,100	44,000	52,200	62,700	68,800	66,900	66,100	63,400	64,100	64,100	63,200	61,600	59,500	56,500	53,200	51,300	50,200	49,100	49,000	46,500	44,000	41,400	39,900	39,000	41,000	43,100	0	0	0
Amortization of debt issuance costs and accretion of debt discount
22,000	21,600	21,300	22,700	26,000	29,700	33,500	36,400	38,600	38,400	36,900	-	31,000	29,600	29,200	28,800	28,300	28,000	27,700	27,300	27,000	26,600	26,300	22,900	17,900	14,400	11,700	12,900	16,600	18,900	20,300	20,900	20,500	20,200	19,900	19,500	19,200	18,700	18,200	17,900	0	0	0
Amortization of discount and premium on investments, net
-	-	-	-	-	-	-	-300	-400	-200	-600	-	-700	-800	-500	-800	-1,400	-2,100	-2,600	-3,200	0	0	0	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-
Net change in fair value of contingent liabilities
-10,200	-10,200	-4,200	-5,900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash changes in short term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Loss (Gain) on sales of investments
-	-	-	-	-	-	-	-	-	-	-	-	218,400	207,000	153,100	71,600	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,600	16,200	13,100	0	0	0
Loss on disposal of long-lived assets
-	-	-	-	-	-	-	-2,100	-2,900	-5,500	-6,000	-5,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	-	-	-5,000	-5,200	-4,900	-4,700	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other
-5,900	-5,900	-5,600	-5,100	-5,600	-3,000	-1,600	-2,200	0	0	0	-	-	-	-3,400	-2,100	-2,900	-3,800	-5,600	-7,100	-8,100	-8,200	-2,800	-4,400	-3,400	-2,300	-3,900	-4,300	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-
Dividends received from long-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	0	0	0
Allowance for doubtful accounts and sales returns
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,100	1,900	1,300	1,500	0	0	0
Changes in operating assets and liabilities, net of acquisitions:
Accounts receivable
13,900	-4,800	8,000	15,200	39,800	66,800	63,300	51,900	-1,500	-27,100	-46,400	-	-3,800	-8,300	14,800	-23,400	-24,400	-5,100	-9,000	12,500	24,900	5,000	-8,500	9,600	-23,000	18,500	14,200	-39,200	-5,800	-7,800	-6,400	-17,200	-30,700	-49,700	-12,200	52,800	65,800	88,800	78,500	62,300	0	0	0
Inventories
6,700	15,600	20,200	15,400	-3,200	-18,200	-8,000	5,500	14,800	21,300	16,700	-	1,000	-3,300	-4,900	2,600	1,500	10,100	7,300	6,000	14,700	9,600	8,800	3,200	-12,200	-35,900	-28,800	-27,200	-35,000	-7,200	-11,600	7,700	29,100	41,600	49,400	38,600	31,800	17,800	-2,100	-22,200	0	0	0
Other current and non-currents assets
200	4,300	1,300	2,500	8,100	8,600	9,300	-2,600	-10,200	-200	300	-	15,900	4,600	4,500	-5,100	100	3,800	4,700	9,000	-1,700	-6,300	-7,000	-5,400	10,400	5,500	7,000	15,300	14,700	21,400	28,600	14,800	-20,800	2,700	600	-9,700	22,900	-100	-19,600	-18,300	0	0	0
Accounts payable
-6,900	-2,500	3,400	8,700	2,300	8,000	12,400	13,200	6,400	-2,800	-100	-	-4,400	-1,000	-9,500	-2,100	-900	-22,100	-30,800	-10,100	-14,900	5,200	14,300	25,900	1,000	2,100	14,100	-16,100	-4,100	-3,800	-14,700	-29,200	-24,200	-19,500	-2,500	9,700	31,700	35,400	22,400	20,800	0	0	0
Income taxes payable
9,200	3,800	5,700	5,000	13,000	8,700	8,200	1,100	-12,200	-4,500	-7,200	-	-8,300	-13,100	-24,100	-1,500	5,600	-10,300	1,400	-21,300	-13,700	4,300	2,600	1,300	0	0	0	-	-	-	-	-800	-100	-2,400	-500	-4,000	-8,600	-10,800	-12,700	-9,500	0	0	0
Deferred revenue, current and non-current
1,900	-500	-8,300	-3,100	14,000	2,300	13,700	7,300	-14,400	-5,200	-20,500	-	-27,800	-31,100	-14,600	-2,400	8,900	14,200	3,000	3,200	-4,200	6,700	1,200	2,700	12,400	10,400	10,100	1,100	-9,500	-8,000	700	-5,100	-8,000	7,500	13,800	44,100	0	0	0	-	-	-	-
Deferred taxes, net
-31,900	200	1,300	1,900	5,800	4,600	4,100	6,800	2,800	4,300	2,700	-	9,700	7,700	7,800	-600	-13,800	-13,700	-20,200	-19,800	-7,400	14,900	20,600	33,100	146,300	122,500	122,500	119,500	0	0	0	-	-	-	-	-	-	-	-	-	-	0	0
Accrued payroll and related expenses
-4,600	4,600	7,100	5,900	4,100	7,100	1,600	-3,000	-11,100	-200	-400	-	11,300	-3,900	-3,700	-13,800	-15,700	-35,300	-28,900	-32,400	-25,300	-20,900	-13,100	-19,600	-18,100	-17,700	-18,200	-9,400	-12,700	-11,200	-16,000	-25,300	-26,000	-27,400	-14,300	-1,000	-3,000	15,700	9,900	11,700	0	0	0
Accrued expenses and other current and non-current liabilities
-58,700	-62,800	-37,100	-22,300	-5,900	200	5,500	-2,300	-1,700	-2,800	-11,400	-	46,700	40,200	33,100	-10,800	-14,500	-14,300	-5,900	-6,800	100	-2,900	-7,800	-2,200	-10,600	-5,300	-3,600	1,100	-17,500	-17,400	-9,400	-11,100	1,300	-10,700	-20,000	-15,000	-31,200	-37,900	-31,200	-33,600	0	0	0
Net cash provided by operating activities
136,900	139,000	142,500	138,800	127,800	100,200	82,600	66,000	85,200	92,500	90,400	-	86,900	102,300	79,500	64,300	82,800	23,600	41,200	82,300	84,700	150,100	187,900	176,600	183,500	169,200	174,200	187,800	168,000	153,000	139,300	119,100	137,800	177,500	192,500	205,300	196,200	159,600	137,800	119,200	0	0	0
INVESTING ACTIVITIES:
Purchases of available-for-sale investments
-	-	-	-	-	-	-	382,900	507,900	604,000	596,100	-	630,300	609,800	558,300	422,400	436,800	448,100	508,800	562,700	647,800	701,400	754,100	1,072,900	936,600	845,800	789,300	466,600	526,800	526,100	469,100	444,800	437,400	433,300	417,600	355,300	330,200	241,400	246,700	427,100	0	0	0
Maturities of available-for-sale investments
2,200	5,100	10,800	47,300	75,600	230,200	334,200	438,300	556,900	519,500	524,200	-	386,900	346,600	313,200	395,700	454,700	559,200	599,000	574,800	603,400	611,500	579,200	480,900	380,300	252,800	249,200	287,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Sales of available-for-sale investments
22,800	22,900	38,900	119,900	105,900	275,100	274,500	204,700	229,700	147,500	208,600	-	391,400	449,700	409,000	287,300	219,200	104,100	87,900	71,400	131,800	133,600	243,000	249,100	328,600	404,900	297,300	288,900	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures
33,900	34,100	40,000	45,000	47,400	51,800	46,200	42,500	38,000	33,400	35,400	-	39,300	36,200	32,900	35,500	59,400	70,500	89,200	101,500	100,400	105,900	113,900	99,800	86,500	76,100	59,700	65,100	62,000	64,700	68,800	72,200	87,800	105,900	114,600	116,700	101,100	75,300	58,800	41,400	0	0	0
Proceeds from the sale of assets
5,200	5,500	5,000	5,400	6,300	6,500	6,500	5,800	5,200	5,400	5,400	-	5,400	5,400	5,900	6,000	6,000	5,400	5,500	6,200	6,400	6,500	11,300	9,200	0	0	0	-	-	-	-	-	-	-	-	700	-1,300	-800	400	1,000	0	0	0
Maturities and sales of investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	335,900	359,100	451,900	623,500	0	0	0
Changes in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-100	-200	200	-14,000	-15,100	-18,100	-21,800	-6,000	-4,500	-1,400	2,500	2,300	800	0	-1,500	-1,600	-2,000	-2,200	-3,200	-3,500	-1,800	200	800	2,300	-100	7,800	8,400	21,100	0	0	0
Acquisitions, net of cash acquired
-	-	-	-	-	-	-	509,900	509,900	56,200	55,300	-	0	0	0	-	-	-	-	-	-	-	-	216,000	219,300	94,600	74,200	83,200	83,200	19,900	17,900	12,500	0	0	0	-	-	-	-	207,300	0	0	0
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net cash (used in) provided by investing activities
-21,500	-20,000	-32,300	80,600	98,300	-107,100	-118,100	-286,500	-264,000	-21,900	50,700	-	114,200	155,900	135,800	244,200	197,900	167,300	116,200	-5,800	1,200	-247,800	-252,900	-651,800	-526,300	-351,900	-363,400	-25,000	-182,800	-171,200	-130,000	-105,700	-143,700	-202,400	-223,500	-188,300	-254,400	-125,000	-21,200	-65,400	0	0	0
FINANCING ACTIVITIES:
Proceeds from sale of Lumentum Holdings Inc. Series A Preferred Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	35,800	35,800	35,800	35,800	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash contribution to Lumentum Holdings Inc.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	137,600	137,000	136,700	136,700	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Convertible Debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	650,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of debt issuance costs
0	0	0	500	2,200	2,200	2,200	1,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	13,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase and retirement of common stock
46,000	13,400	12,700	11,200	9,000	18,300	31,600	40,800	41,200	83,300	75,700	-	96,100	44,200	70,000	44,500	40,100	40,100	100	4,800	59,900	59,900	59,900	155,200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Withholding tax payment on vesting of restricted stock awards
22,000	20,800	17,600	15,500	13,900	14,200	13,600	13,300	14,200	15,400	14,900	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase and redemption of convertible debt
0	0	142,600	276,900	432,200	455,200	325,600	353,300	243,400	220,400	207,400	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	306,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payment of financing obligations
-	0	2,500	-	-	800	800	1,300	1,300	1,300	1,300	-	800	5,000	5,200	5,900	5,900	11,700	14,100	23,300	36,000	26,500	24,000	14,200	3,200	2,700	2,600	2,500	2,500	4,400	5,300	11,600	10,800	10,600	11,400	6,800	9,100	7,300	8,700	8,600	0	0	0
Proceeds from exercise of employee stock purchase plan
5,500	5,600	5,600	5,400	5,400	4,500	4,500	4,900	7,100	10,900	11,600	-	11,700	7,700	7,500	4,500	9,800	14,700	15,700	20,800	14,500	15,600	16,300	22,500	26,400	28,000	30,400	25,700	21,700	22,400	18,400	17,900	18,900	36,400	38,600	38,100	0	0	0	-	-	-	-
Issuance of stock pursuant to employee stock plans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Net cash used in financing activities
-65,600	-31,700	-169,800	-300,400	-227,800	-261,200	-144,300	-180,500	-292,900	141,600	163,400	-	342,400	-61,600	-84,600	-159,100	-137,400	-138,000	-99,400	-7,300	-81,400	-70,800	-67,600	489,600	398,700	351,300	305,100	-283,800	-140,300	-93,600	-42,900	-1,900	13,400	32,700	27,000	31,100	28,600	8,600	4,700	1,000	0	0	0
Effect of exchange rates on cash, cash equivalents and restricted cash
-24,700	-5,200	-20,100	-12,900	-29,900	-20,200	-13,400	2,900	36,900	30,500	9,700	-	-16,400	-19,900	-6,400	-14,400	-5,400	-17,500	-19,100	-18,500	-19,800	-11,300	-5,600	1,800	900	-700	800	900	-1,200	2,100	-700	-5,800	-1,300	-1,200	600	7,100	3,800	600	200	-1,500	0	0	0
Net increase (decrease) in cash, cash equivalents and restricted cash
25,100	82,100	-79,700	-93,900	-31,600	-288,300	-193,200	-398,100	-434,800	242,700	314,200	-	527,100	176,700	124,300	135,000	137,900	35,400	38,900	50,700	-15,300	-179,800	-138,200	16,200	56,800	167,900	116,700	-120,100	-156,300	-109,700	-34,300	5,700	6,200	6,600	-3,400	55,200	-25,800	43,800	121,500	53,300	0	0	0