Verint systems inc (VRNT)
CashFlow / Quarterly
Jan'20Oct'19Jul'19Apr'19Jan'19Oct'18Jul'18Apr'18Jan'18Oct'17Jul'17Apr'17Jan'17Oct'16Jul'16Apr'16Jan'16Oct'15Jul'15Apr'15Jan'15Oct'14Jul'14Apr'14Jan'14Oct'13Jul'13Apr'13Jan'13Oct'12Jul'12Apr'12Jan'12Oct'11Jul'11Apr'11
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

6,668

12,983

12,271

3,761

28,308

20,213

22,924

-1,225

18,286

3,066

-5,766

-19,040

8,459

-7,434

-11,078

-16,193

18,787

8,470

-5,760

731

6,490

11,473

-10,380

28,819

24,154

24,054

18,505

-7,937

27,294

6,615

13,265

11,630

17,875

9,921

11,274

1,555

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

23,652

23,114

21,812

22,954

22,684

21,296

20,972

23,963

25,851

24,463

25,994

29,422

28,846

28,376

28,700

28,335

26,831

27,081

27,360

25,028

25,166

25,106

25,868

23,324

15,738

12,946

12,825

14,459

14,621

14,211

14,169

14,096

13,888

13,613

12,585

12,954

Stock-based compensation, excluding cash-settled awards

26,534

18,559

20,540

17,065

16,148

16,638

17,428

16,443

18,899

16,042

16,735

17,620

19,874

13,909

16,326

15,312

14,288

16,397

18,911

14,791

19,266

11,942

12,878

10,228

8,167

8,318

7,969

5,719

5,460

4,550

6,008

4,986

4,570

5,571

5,855

5,785

Amortization of discount on convertible notes

3,184

3,143

3,102

3,061

3,021

2,981

2,943

2,905

2,866

2,829

2,792

2,756

2,720

2,684

2,650

2,614

2,581

2,547

2,515

2,480

2,449

2,417

1,148

0

-

-

-

-

-

-

-

-

-

-

-

-

Reduction of valuation allowance resulting from acquisition of KANA

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

45,171

-

-

0

0

-

-

-

-

-

-

-

-

Non-cash (gains) losses on derivative financial instruments, net

139

-268

179

549

-1,249

1,051

1,221

1,488

-309

834

-172

-370

370

1,270

-405

-1,558

-189

309

142

132

2,320

1,563

840

-737

390

-720

246

430

-276

-254

271

-140

329

682

26

-1,933

Gain (Loss) on Extinguishment of Debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-5,454

-7,092

0

0

-173

-9,706

0

0

0

0

0

0

0

-8,136

Other non-cash items, net

-650

-589

-659

-2,646

356

-634

2,158

448

735

4,502

-204

-4,605

1,101

-1,365

-4,655

-2,747

-1,123

-145

-2,003

-9,072

-541

-1,174

-2,067

-5,146

3,747

-988

3,866

-4,661

-658

-168

6,398

-275

4,851

-755

-162

-3,132

Changes in operating assets and liabilities, net of effects of business combinations:
Accounts receivable

33,685

-3,352

35,461

-58,900

57,399

9,636

-129

-45,386

7,688

32,462

-15,005

-1,633

4,061

-3,729

25,566

-25,545

2,808

10,373

-11,664

-4,950

13,204

18,528

-2,223

25,412

14,567

11,337

-12,171

9,654

11,328

-10,814

30,897

-17,602

1,244

-2,793

18,655

-14,164

Contract assets

-705

10,059

-7,923

39

-6,750

-11,218

-6,594

18,811

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories

-2,357

-3,831

1,318

3,118

3,804

4,579

2,259

-2,434

633

1,274

16

942

-2,537

-319

555

2,587

1,120

-322

-1,231

3,691

-3,578

-1,157

6,509

2,449

-3,966

1,193

2,765

-3,097

3,718

1,838

-4,424

825

549

-4,489

-561

3,421

Deferred cost of revenue

-

-

-

-

-

-

-

-

-

-333

-193

-977

-5,775

-180

-619

-550

-1,710

-1,643

-864

-1,970

-2,500

2,632

335

210

4,197

1,289

1,503

-841

1,764

-893

-5,020

-7,272

4,625

-2,132

-3,176

-2,516

Prepaid expenses and other assets

-13,632

8,278

-2,901

-5,268

-1,506

3,275

1,956

1,028

-11,199

10,405

4,054

-1,512

-11,007

3,616

1,058

1,392

-2,576

-2,938

-674

9,074

-8,301

-6,395

-2,103

-4,613

-8,665

-4,881

-20,235

294

23,838

-1,239

-4,486

-536

-3,985

-5,771

4,595

-1,178

Accounts payable and accrued expenses

-4,327

-1,870

-16,778

8,487

2,193

-3,105

-11,709

-3,027

-2,987

14,678

-1,574

41

11,784

-18,467

13,252

-16,090

1,462

9,658

-27,780

1,400

6,940

4,184

-14,447

36,735

21,837

10,053

-7,115

-1,331

9,572

-2,642

-2,093

-5,435

15,804

-6,789

6,361

-22,568

Contract liabilities

57,173

-5,138

188

-24,648

62,859

-24,245

-1,152

-4,543

23,815

-17,472

-14,796

18,139

30,454

-19,299

-23,959

21,509

27,766

-30,148

-32,028

22,046

34,960

-18,578

-3,458

11,133

5,924

-4,775

-9,578

6,435

23,864

-11,653

-17,596

-719

21,159

-14,151

-6,231

-4,201

Other, net

-13,603

2,303

10,444

725

-8,041

-408

6,534

409

9,367

-3,202

-1,926

-2,668

5,029

-1,917

-3,043

46

-9,956

6,963

-25

2,945

-2,496

2,679

-566

550

-627

1,005

303

-884

2,847

-3,272

-1,602

2,026

-9,803

6,030

1,923

1,869

Net cash provided by operating activities

101,434

38,191

5,216

93,063

83,601

27,497

44,001

60,152

80,153

-2,336

38,749

59,761

100,726

2,393

7,434

61,862

69,332

21,408

-463

66,626

103,484

19,868

16,338

54,035

63,265

42,361

46,502

26,156

58,251

25,883

-8,281

47,532

61,267

17,393

8,544

19,294

Cash flows from investing activities:
Payments to Acquire Businesses, Net of Cash Acquired

22,615

2,223

29,048

20,210

62,652

-72

27,442

0

74,907

11,204

2,945

13,922

69,534

0

2,518

69,751

-260

10,403

19,066

2,149

2,336

0

-671

603,614

22,310

10,457

0

0

0

0

0

660

11,082

86,740

0

11,958

Purchases of property and equipment

6,640

10,670

9,387

8,331

8,753

5,036

10,150

7,747

9,085

10,277

9,009

7,159

6,929

5,478

5,692

9,441

8,253

6,821

4,985

5,206

7,303

6,473

5,577

3,781

6,286

3,815

3,134

2,490

4,573

5,292

2,105

4,075

3,842

2,523

3,584

3,131

Purchases of investments

15,647

11,659

10,106

9,995

5,197

44,607

6,469

2,792

3,570

1,546

5,259

1,500

2,546

1,955

7,293

24,967

2,119

50,847

1,487

38,355

0

3,988

13,848

3,339

-

-

75,404

49,586

-

-

-

-

-

-

-

-

Settlements of derivative financial instruments not designated as hedges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

0

-210

476

130

5

352

826

Purchases of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Maturities and sales of investments

9,324

26,200

20,835

2,965

22,518

3,400

7,200

0

3,477

3,552

1,392

300

9,412

18,988

28,034

32,908

40,472

15,506

10,000

5,479

2,290

1,573

9,440

350

108,820

50,000

20,000

0

-

-

-

-

-

-

-

-

Cash paid for capitalized software development costs

4,791

5,850

3,762

2,819

2,553

1,865

1,781

1,121

2,217

607

154

148

608

392

642

696

1,574

1,317

1,105

1,031

1,573

1,618

1,419

1,473

2,776

2,288

1,117

487

995

623

1,171

1,127

857

880

586

1,076

Change in restricted cash and bank time deposits, including long-term portion

18,970

-948

-866

-2,941

176

-951

22,477

-398

-473

394

171

-454

-34,744

34,457

-2,027

-693

5,710

-1,702

-3,765

-11,376

-2,198

1,871

23,302

13,316

-

-

-

-3,361

2,483

540

-1,913

102

5,414

-7,776

3,426

-1,543

Net cash used in investing activities

-56,490

-3,296

-30,566

-35,449

-56,277

-47,017

-61,167

-11,262

-87,597

-20,476

-16,146

-21,975

-35,810

-23,294

13,916

-71,254

19,344

-52,180

-12,878

-29,886

-5,250

-12,377

-34,035

-625,173

78,961

-36,804

-57,151

-49,202

-21,648

-6,455

-1,153

-6,440

-21,080

-81,142

-9,178

-15,448

Cash flows from financing activities:
Proceeds from borrowings, net of original issuance discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

423,000

1,103,750

0

0

0

646,750

384

0

0

0

136

0

0

597,000

Repayments of borrowings and other financing obligations

1,807

1,477

1,610

1,584

1,666

1,589

1,453

1,275

21,352

1,107

408,034

1,395

1,321

1,616

222

149

49

48

60

152

75

69

642,419

719,289

1,817

2,046

3,987

578,276

16,905

1,644

1,748

1,738

2,035

1,728

424

583,362

Payments of Debt Issuance Costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1,451

18,818

8,895

-

-

-

6,972

0

58

159

0

-4

246

1,082

13,952

Proceeds from exercises of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1

3

0

0

229

4,525

4,496

2,346

6,239

4,464

3,783

963

1,686

834

376

371

1,024

3,080

678

3,594

5,122

Cash received in CTI Merger

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

10,370

0

0

0

0

-

-

-

-

Dividends or distributions paid to noncontrolling interest

4,539

294

655

0

3,649

0

0

760

2,588

0

0

716

2,421

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of treasury stock

113,216

0

0

474

0

0

0

173

0

0

0

0

11,000

18,734

0

17,162

0

0

0

0

-

-

-

-

-

-

-

-

0

0

246

369

828

0

325

502

Payments of deferred purchase price and contingent consideration for business combinations (financing portion)

2,479

5,374

10,927

11,674

429

1,330

6,767

2,584

305

102

5,358

1,750

827

0

284

2,947

2,420

1,936

850

2,006

1,761

2,658

3,170

2,856

-

-

-

3,451

423

934

3,716

1,424

-

-

-

-

Other financing activities, net

-

0

0

0

-

4

-418

-15

-

25

-623

278

-

-228

1

-600

-

0

-176

-63

-

-

-

-

-

-

-

-

-

-

-

-

2,039

0

-200

-1,804

Net cash provided used in financing activities

-77,041

-7,145

-13,404

-13,732

-5,315

-2,915

-8,844

-4,807

-4,083

-1,809

3,972

-3,583

-14,730

-20,577

-755

-20,857

-5,142

-1,984

-1,086

-1,992

-1,206

318

17,652

378,949

-868

1,023

-15,728

70,107

-19,041

-2,260

-5,498

-2,507

-691

-1,296

1,563

2,502

Effect of foreign currency exchange rate changes on cash, cash equivalents, restricted cash and restricted cash equivalents

-572

639

-1,037

-853

706

-286

-2,083

-1,495

3,804

-283

2,064

-1,334

977

-2,809

-4,384

2,049

-3,689

-1,171

-414

1,208

-4,291

-2,143

-602

887

-200

1,696

-603

-870

383

1,610

-1,650

585

-1,247

-1,689

-1,140

3,104

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

-32,669

28,389

-39,791

43,029

22,715

-22,721

-28,093

42,588

-7,723

-24,904

28,639

32,869

51,163

-44,287

16,211

-28,200

79,845

-33,927

-14,841

35,956

92,737

5,666

-647

-191,302

141,158

8,276

-26,980

46,191

17,945

18,778

-16,582

39,170

38,249

-66,734

-211

9,452