Materialise NV
NASDAQ:MTLS
Cash Flow Statement
Cash Flow Statement
Materialise NV
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Income |
3
|
3
|
2
|
4
|
2
|
1
|
(2)
|
(6)
|
(3)
|
(5)
|
(3)
|
(1)
|
(3)
|
(1)
|
(1)
|
(3)
|
(2)
|
(1)
|
(0)
|
4
|
3
|
3
|
2
|
1
|
2
|
(1)
|
(2)
|
(4)
|
(7)
|
(8)
|
(3)
|
6
|
13
|
17
|
14
|
7
|
(2)
|
1
|
0
|
3
|
7
|
|
Depreciation & Amortization |
3
|
3
|
4
|
4
|
5
|
5
|
6
|
6
|
7
|
7
|
8
|
8
|
8
|
9
|
10
|
10
|
13
|
14
|
15
|
17
|
17
|
18
|
18
|
19
|
19
|
19
|
20
|
20
|
20
|
20
|
20
|
20
|
21
|
21
|
21
|
22
|
23
|
22
|
22
|
23
|
22
|
|
Change in Deffered Taxes |
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(1)
|
(0)
|
(1)
|
(1)
|
0
|
(1)
|
0
|
(0)
|
1
|
1
|
1
|
2
|
0
|
1
|
1
|
2
|
3
|
2
|
2
|
(0)
|
(1)
|
(2)
|
(1)
|
(0)
|
1
|
1
|
2
|
2
|
1
|
1
|
1
|
0
|
0
|
|
Stock-Based Compensation |
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
1
|
0
|
(0)
|
(0)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
|
Other Non-Cash Items |
1
|
1
|
1
|
(1)
|
(1)
|
(3)
|
(2)
|
0
|
0
|
3
|
2
|
2
|
2
|
2
|
2
|
3
|
4
|
4
|
3
|
3
|
4
|
4
|
3
|
4
|
3
|
4
|
4
|
4
|
9
|
11
|
9
|
3
|
(2)
|
(6)
|
(7)
|
(5)
|
0
|
1
|
3
|
4
|
3
|
|
Cash Taxes Paid |
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
2
|
2
|
3
|
2
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
3
|
3
|
2
|
2
|
0
|
1
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
3
|
|
Cash Interest Paid |
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
3
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
|
Change in Working Capital |
1
|
1
|
4
|
1
|
(1)
|
0
|
(1)
|
(0)
|
(1)
|
(2)
|
1
|
(2)
|
1
|
(1)
|
(3)
|
(4)
|
(5)
|
(3)
|
(4)
|
1
|
4
|
1
|
1
|
7
|
2
|
7
|
11
|
0
|
10
|
6
|
4
|
3
|
(7)
|
(0)
|
2
|
7
|
1
|
(4)
|
(12)
|
(11)
|
(11)
|
|
Cash from Operating Activities |
9
N/A
|
9
+4%
|
11
+18%
|
8
-28%
|
5
-38%
|
4
-24%
|
1
-74%
|
1
+26%
|
2
+93%
|
3
+24%
|
7
+133%
|
5
-26%
|
9
+69%
|
9
+3%
|
8
-9%
|
7
-15%
|
10
+49%
|
15
+46%
|
16
+9%
|
26
+63%
|
28
+10%
|
26
-7%
|
26
0%
|
33
+25%
|
28
-13%
|
32
+11%
|
34
+7%
|
20
-40%
|
30
+47%
|
27
-10%
|
29
+7%
|
33
+14%
|
26
-21%
|
33
+27%
|
33
-1%
|
32
-2%
|
22
-30%
|
22
0%
|
14
-35%
|
19
+30%
|
20
+8%
|
|
Investing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Capital Expenditures |
(3)
|
(3)
|
(5)
|
(7)
|
(11)
|
(13)
|
(12)
|
(11)
|
(11)
|
(9)
|
(13)
|
(12)
|
(15)
|
(21)
|
(25)
|
(33)
|
(32)
|
(29)
|
(24)
|
(22)
|
(20)
|
(19)
|
(17)
|
(16)
|
(16)
|
(15)
|
(16)
|
(18)
|
(18)
|
(17)
|
(15)
|
(11)
|
(12)
|
(13)
|
(18)
|
(24)
|
(25)
|
(25)
|
(20)
|
(15)
|
(12)
|
|
Other Items |
(0)
|
(1)
|
(12)
|
(2)
|
(21)
|
(16)
|
(1)
|
(12)
|
8
|
5
|
0
|
1
|
2
|
2
|
1
|
2
|
(27)
|
(27)
|
(27)
|
(26)
|
(2)
|
(5)
|
(5)
|
(15)
|
(10)
|
(8)
|
(8)
|
(1)
|
(11)
|
(11)
|
(15)
|
(8)
|
(1)
|
(28)
|
(23)
|
(30)
|
(29)
|
(2)
|
(3)
|
1
|
1
|
|
Cash from Investing Activities |
(3)
N/A
|
(5)
-45%
|
(16)
-244%
|
(9)
+45%
|
(31)
-243%
|
(29)
+8%
|
(13)
+55%
|
(22)
-72%
|
(3)
+88%
|
(5)
-62%
|
(12)
-170%
|
(11)
+8%
|
(13)
-12%
|
(19)
-53%
|
(24)
-24%
|
(31)
-30%
|
(59)
-89%
|
(56)
+6%
|
(51)
+8%
|
(48)
+6%
|
(22)
+54%
|
(23)
-5%
|
(22)
+5%
|
(30)
-37%
|
(26)
+16%
|
(23)
+9%
|
(24)
-1%
|
(19)
+20%
|
(28)
-50%
|
(28)
+1%
|
(30)
-7%
|
(19)
+35%
|
(13)
+32%
|
(41)
-212%
|
(40)
+1%
|
(54)
-34%
|
(54)
+1%
|
(26)
+51%
|
(24)
+10%
|
(14)
+41%
|
(11)
+21%
|
|
Financing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Issuance of Common Stock |
1
|
1
|
71
|
71
|
71
|
72
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
60
|
60
|
60
|
60
|
0
|
1
|
0
|
1
|
1
|
4
|
0
|
78
|
90
|
88
|
0
|
14
|
2
|
0
|
0
|
0
|
0
|
0
|
|
Net Issuance of Debt |
0
|
0
|
1
|
1
|
(2)
|
(4)
|
(5)
|
(6)
|
(1)
|
1
|
4
|
8
|
10
|
17
|
21
|
24
|
39
|
34
|
32
|
34
|
11
|
8
|
2
|
16
|
12
|
10
|
10
|
(18)
|
(17)
|
(19)
|
(19)
|
(19)
|
(18)
|
(20)
|
(20)
|
(22)
|
(21)
|
(21)
|
(21)
|
(20)
|
(20)
|
|
Other |
(1)
|
(1)
|
(6)
|
(7)
|
(7)
|
(9)
|
(3)
|
(2)
|
(2)
|
(1)
|
(1)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(6)
|
(6)
|
(6)
|
(6)
|
(3)
|
(2)
|
(2)
|
(3)
|
(3)
|
(4)
|
(3)
|
(1)
|
0
|
1
|
1
|
0
|
(0)
|
(1)
|
(1)
|
(2)
|
(3)
|
(2)
|
|
Cash from Financing Activities |
1
N/A
|
1
+21%
|
65
+7 310%
|
65
0%
|
62
-5%
|
60
-4%
|
(7)
N/A
|
(7)
+5%
|
(2)
+73%
|
1
N/A
|
3
+262%
|
7
+119%
|
9
+27%
|
16
+71%
|
20
+25%
|
23
+18%
|
38
+64%
|
32
-15%
|
30
-7%
|
88
+194%
|
65
-26%
|
62
-5%
|
56
-10%
|
14
-75%
|
11
-23%
|
9
-12%
|
8
-12%
|
(20)
N/A
|
(17)
+14%
|
(18)
-6%
|
58
N/A
|
70
+21%
|
71
+1%
|
69
-3%
|
(6)
N/A
|
(20)
-240%
|
(23)
-14%
|
(22)
+2%
|
(23)
-2%
|
(23)
-1%
|
(22)
+2%
|
|
Change in Cash | ||||||||||||||||||||||||||||||||||||||||||
Effect of Foreign Exchange Rates |
(0)
|
(0)
|
(0)
|
2
|
3
|
5
|
4
|
2
|
2
|
(0)
|
1
|
1
|
0
|
0
|
(1)
|
(1)
|
(1)
|
(1)
|
0
|
1
|
1
|
1
|
0
|
0
|
(0)
|
(2)
|
(2)
|
(3)
|
(2)
|
(1)
|
0
|
1
|
1
|
1
|
(1)
|
(2)
|
(1)
|
(2)
|
(0)
|
1
|
(0)
|
|
Net Change in Cash |
6
N/A
|
5
-16%
|
59
+1 037%
|
66
+11%
|
38
-42%
|
39
+1%
|
(15)
N/A
|
(26)
-78%
|
(0)
+99%
|
(1)
-290%
|
(1)
-22%
|
2
N/A
|
5
+197%
|
6
+8%
|
3
-55%
|
(2)
N/A
|
(13)
-435%
|
(10)
+19%
|
(5)
+51%
|
67
N/A
|
72
+9%
|
66
-8%
|
60
-9%
|
17
-72%
|
13
-20%
|
16
+20%
|
17
+3%
|
(21)
N/A
|
(17)
+16%
|
(20)
-13%
|
57
N/A
|
84
+47%
|
85
+0%
|
62
-27%
|
(15)
N/A
|
(44)
-202%
|
(55)
-24%
|
(28)
+49%
|
(32)
-14%
|
(17)
+48%
|
(13)
+20%
|
|
Free Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Free Cash Flow |
6
N/A
|
6
-1%
|
6
+8%
|
1
-87%
|
(6)
N/A
|
(9)
-56%
|
(11)
-23%
|
(9)
+14%
|
(8)
+12%
|
(6)
+25%
|
(6)
+5%
|
(7)
-23%
|
(6)
+16%
|
(12)
-99%
|
(17)
-41%
|
(26)
-53%
|
(22)
+15%
|
(14)
+35%
|
(9)
+39%
|
4
N/A
|
8
+135%
|
7
-9%
|
9
+19%
|
17
+89%
|
13
-25%
|
16
+26%
|
18
+12%
|
3
-85%
|
12
+362%
|
10
-16%
|
14
+31%
|
22
+61%
|
14
-35%
|
20
+38%
|
15
-24%
|
8
-46%
|
(2)
N/A
|
(2)
+6%
|
(6)
-148%
|
4
N/A
|
8
+106%
|