Radware Ltd
NASDAQ:RDWR
Cash Flow Statement
Cash Flow Statement
Radware Ltd
Dec-1999 | 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 |
0
|
6
|
14
|
14
|
19
|
9
|
1
|
(2)
|
(9)
|
(10)
|
(13)
|
(12)
|
(7)
|
(4)
|
1
|
6
|
12
|
17
|
19
|
23
|
23
|
21
|
18
|
14
|
10
|
11
|
15
|
16
|
8
|
8
|
6
|
(2)
|
(0)
|
(7)
|
(16)
|
(20)
|
(22)
|
|
Depreciation & Amortization |
0
|
2
|
5
|
7
|
9
|
10
|
10
|
10
|
10
|
11
|
11
|
11
|
11
|
11
|
10
|
10
|
10
|
10
|
10
|
11
|
11
|
11
|
11
|
11
|
11
|
11
|
10
|
10
|
10
|
10
|
11
|
11
|
12
|
12
|
12
|
12
|
12
|
|
Change in Deffered Taxes |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(1)
|
|
Stock-Based Compensation |
0
|
2
|
5
|
7
|
9
|
10
|
10
|
11
|
12
|
12
|
12
|
13
|
13
|
13
|
13
|
12
|
13
|
12
|
13
|
13
|
13
|
14
|
14
|
15
|
17
|
17
|
17
|
17
|
18
|
18
|
20
|
23
|
27
|
32
|
35
|
35
|
34
|
|
Other Non-Cash Items |
1
|
3
|
6
|
8
|
9
|
9
|
9
|
9
|
12
|
13
|
14
|
15
|
15
|
15
|
14
|
14
|
14
|
14
|
13
|
13
|
13
|
14
|
15
|
15
|
17
|
18
|
18
|
19
|
20
|
20
|
23
|
25
|
30
|
34
|
37
|
37
|
36
|
|
Cash Taxes Paid |
0
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
14
|
0
|
0
|
0
|
6
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
3
|
0
|
0
|
0
|
18
|
0
|
0
|
0
|
4
|
|
Cash Interest Paid |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Change in Working Capital |
1
|
(0)
|
2
|
(6)
|
1
|
8
|
9
|
14
|
27
|
25
|
30
|
34
|
13
|
16
|
2
|
2
|
16
|
22
|
23
|
29
|
6
|
4
|
20
|
9
|
27
|
20
|
7
|
16
|
37
|
11
|
32
|
20
|
(7)
|
4
|
(17)
|
(24)
|
(30)
|
|
Cash from Operating Activities |
2
N/A
|
12
+397%
|
26
+123%
|
23
-10%
|
39
+67%
|
36
-8%
|
30
-18%
|
31
+5%
|
38
+24%
|
36
-7%
|
40
+10%
|
47
+18%
|
31
-33%
|
37
+19%
|
29
-24%
|
32
+11%
|
49
+56%
|
61
+23%
|
63
+4%
|
75
+18%
|
53
-29%
|
50
-5%
|
63
+25%
|
50
-21%
|
64
+29%
|
59
-8%
|
50
-16%
|
61
+22%
|
72
+18%
|
45
-37%
|
68
+50%
|
52
-24%
|
32
-38%
|
41
+29%
|
15
-64%
|
3
-77%
|
(4)
N/A
|
|
Investing Cash Flow | ||||||||||||||||||||||||||||||||||||||
Capital Expenditures |
(1)
|
(3)
|
(7)
|
(11)
|
(14)
|
(13)
|
(12)
|
(11)
|
(9)
|
(9)
|
(8)
|
(7)
|
(7)
|
(7)
|
(6)
|
(6)
|
(9)
|
(9)
|
(10)
|
(10)
|
(8)
|
(9)
|
(9)
|
(9)
|
(9)
|
(8)
|
(6)
|
(6)
|
(6)
|
(36)
|
(38)
|
(39)
|
(39)
|
(8)
|
(8)
|
(8)
|
(5)
|
|
Other Items |
(0)
|
(6)
|
(24)
|
(2)
|
7
|
11
|
20
|
18
|
38
|
1
|
3
|
(19)
|
(49)
|
(29)
|
(32)
|
(46)
|
(77)
|
(80)
|
(85)
|
(76)
|
(43)
|
(23)
|
(12)
|
1
|
(6)
|
(6)
|
13
|
(9)
|
13
|
43
|
(24)
|
(8)
|
(17)
|
(33)
|
36
|
59
|
98
|
|
Cash from Investing Activities |
(1)
N/A
|
(9)
-755%
|
(32)
-258%
|
(12)
+61%
|
(7)
+45%
|
(2)
+71%
|
8
N/A
|
7
-15%
|
28
+313%
|
(8)
N/A
|
(5)
+39%
|
(25)
-434%
|
(56)
-121%
|
(37)
+35%
|
(38)
-3%
|
(53)
-39%
|
(86)
-63%
|
(89)
-4%
|
(95)
-6%
|
(87)
+9%
|
(51)
+41%
|
(31)
+39%
|
(21)
+33%
|
(8)
+63%
|
(14)
-86%
|
(14)
+4%
|
7
N/A
|
(15)
N/A
|
8
N/A
|
6
-18%
|
(62)
N/A
|
(47)
+24%
|
(56)
-20%
|
(41)
+26%
|
28
N/A
|
51
+80%
|
93
+83%
|
|
Financing Cash Flow | ||||||||||||||||||||||||||||||||||||||
Net Issuance of Common Stock |
72
|
(18)
|
(12)
|
(36)
|
(44)
|
(33)
|
(44)
|
(20)
|
(20)
|
(12)
|
(6)
|
(6)
|
10
|
14
|
21
|
27
|
18
|
20
|
5
|
(6)
|
(7)
|
(31)
|
(28)
|
(34)
|
(33)
|
(44)
|
(42)
|
(29)
|
(42)
|
(36)
|
(18)
|
(26)
|
(22)
|
(13)
|
(50)
|
(64)
|
(63)
|
|
Other |
(6)
|
0
|
0
|
1
|
1
|
0
|
0
|
(0)
|
(1)
|
0
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(2)
|
|
Cash from Financing Activities |
66
N/A
|
(17)
N/A
|
(12)
+33%
|
(35)
-205%
|
(44)
-23%
|
(33)
+24%
|
(44)
-33%
|
(20)
+55%
|
(21)
-6%
|
(13)
+39%
|
(7)
+49%
|
(7)
+2%
|
10
N/A
|
14
+35%
|
21
+48%
|
27
+30%
|
16
-40%
|
19
+17%
|
4
-78%
|
(8)
N/A
|
(7)
+15%
|
(31)
-380%
|
(28)
+12%
|
(34)
-21%
|
(35)
-6%
|
(46)
-31%
|
(44)
+5%
|
(31)
+29%
|
(42)
-33%
|
(36)
+14%
|
(18)
+50%
|
(26)
-42%
|
(22)
+12%
|
(13)
+43%
|
(50)
-290%
|
(64)
-30%
|
(65)
-1%
|
|
Change in Cash | ||||||||||||||||||||||||||||||||||||||
Effect of Foreign Exchange Rates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Net Change in Cash |
67
N/A
|
(14)
N/A
|
(17)
-18%
|
(24)
-43%
|
(11)
+54%
|
1
N/A
|
(6)
N/A
|
18
N/A
|
46
+153%
|
15
-67%
|
28
+84%
|
15
-48%
|
(14)
N/A
|
15
N/A
|
12
-22%
|
6
-48%
|
(20)
N/A
|
(10)
+52%
|
(27)
-186%
|
(20)
+29%
|
(4)
+77%
|
(12)
-173%
|
14
N/A
|
8
-41%
|
14
+65%
|
(1)
N/A
|
12
N/A
|
15
+19%
|
38
+156%
|
16
-59%
|
(12)
N/A
|
(21)
-75%
|
(46)
-123%
|
(13)
+73%
|
(7)
+48%
|
(10)
-53%
|
24
N/A
|
|
Free Cash Flow | ||||||||||||||||||||||||||||||||||||||
Free Cash Flow |
1
N/A
|
9
+535%
|
19
+115%
|
13
-33%
|
25
+99%
|
23
-10%
|
17
-23%
|
20
+14%
|
29
+46%
|
27
-6%
|
31
+15%
|
40
+27%
|
24
-39%
|
30
+23%
|
22
-25%
|
25
+12%
|
40
+61%
|
52
+28%
|
53
+3%
|
64
+21%
|
45
-31%
|
42
-7%
|
54
+30%
|
41
-24%
|
55
+34%
|
52
-7%
|
44
-15%
|
55
+26%
|
66
+20%
|
9
-87%
|
30
+247%
|
13
-58%
|
(7)
N/A
|
33
N/A
|
7
-79%
|
(5)
N/A
|
(9)
-82%
|