Surmodics Inc
NASDAQ:SRDX
Cash Flow Statement
Cash Flow Statement
Surmodics Inc
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 | Mar-2024 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Income |
13
|
13
|
12
|
12
|
13
|
13
|
12
|
11
|
9
|
9
|
10
|
10
|
9
|
6
|
4
|
0
|
1
|
(2)
|
(4)
|
(2)
|
(2)
|
2
|
8
|
6
|
7
|
8
|
1
|
1
|
7
|
2
|
4
|
2
|
(10)
|
(13)
|
(27)
|
(32)
|
(36)
|
(23)
|
(2)
|
6
|
14
|
|
Depreciation & Amortization |
3
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
4
|
4
|
5
|
5
|
5
|
5
|
6
|
6
|
6
|
6
|
6
|
7
|
7
|
7
|
7
|
7
|
7
|
7
|
7
|
7
|
7
|
7
|
8
|
9
|
9
|
9
|
9
|
9
|
9
|
9
|
9
|
9
|
9
|
|
Change in Deffered Taxes |
(1)
|
(1)
|
(0)
|
0
|
1
|
0
|
0
|
(0)
|
1
|
(1)
|
0
|
0
|
(1)
|
2
|
1
|
2
|
1
|
(3)
|
(2)
|
(4)
|
(3)
|
(1)
|
(1)
|
(2)
|
1
|
0
|
(1)
|
(1)
|
(2)
|
(1)
|
2
|
1
|
(1)
|
(2)
|
5
|
6
|
7
|
8
|
(0)
|
(0)
|
(0)
|
|
Stock-Based Compensation |
4
|
4
|
3
|
3
|
2
|
2
|
2
|
3
|
3
|
3
|
4
|
4
|
4
|
4
|
3
|
4
|
4
|
4
|
5
|
5
|
5
|
5
|
5
|
5
|
6
|
6
|
5
|
5
|
6
|
6
|
6
|
6
|
6
|
7
|
7
|
7
|
7
|
8
|
8
|
8
|
0
|
|
Other Non-Cash Items |
3
|
2
|
3
|
4
|
2
|
3
|
3
|
4
|
5
|
6
|
5
|
5
|
4
|
4
|
4
|
6
|
5
|
12
|
13
|
10
|
12
|
5
|
4
|
6
|
7
|
7
|
6
|
6
|
6
|
6
|
6
|
7
|
7
|
8
|
8
|
8
|
9
|
8
|
8
|
8
|
8
|
|
Cash Taxes Paid |
7
|
7
|
6
|
6
|
6
|
0
|
7
|
10
|
9
|
11
|
7
|
5
|
4
|
2
|
2
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
0
|
0
|
0
|
0
|
3
|
3
|
3
|
|
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
|
1
|
2
|
2
|
3
|
3
|
3
|
|
Change in Working Capital |
(1)
|
0
|
1
|
1
|
1
|
(0)
|
(3)
|
(2)
|
(1)
|
3
|
5
|
1
|
3
|
(3)
|
(1)
|
(1)
|
24
|
22
|
21
|
16
|
(11)
|
(12)
|
(10)
|
(5)
|
(8)
|
3
|
1
|
(3)
|
6
|
1
|
(5)
|
(5)
|
(12)
|
(16)
|
(12)
|
(12)
|
(11)
|
5
|
(4)
|
(9)
|
(4)
|
|
Cash from Operating Activities |
17
N/A
|
18
+7%
|
18
+0%
|
19
+7%
|
19
-2%
|
18
-6%
|
15
-16%
|
16
+5%
|
18
+13%
|
22
+21%
|
25
+17%
|
21
-17%
|
20
-5%
|
14
-28%
|
14
-1%
|
13
-10%
|
37
+193%
|
36
-4%
|
34
-4%
|
28
-18%
|
3
-90%
|
0
-87%
|
8
+2 197%
|
13
+56%
|
13
+6%
|
25
+90%
|
14
-44%
|
11
-24%
|
25
+130%
|
16
-35%
|
15
-3%
|
13
-18%
|
(8)
N/A
|
(14)
-82%
|
(17)
-25%
|
(21)
-22%
|
(23)
-8%
|
7
N/A
|
11
+56%
|
13
+19%
|
26
+106%
|
|
Investing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Capital Expenditures |
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(6)
|
(8)
|
(9)
|
(10)
|
(8)
|
(6)
|
(6)
|
(8)
|
(13)
|
(14)
|
(15)
|
(13)
|
(7)
|
(7)
|
(6)
|
(6)
|
(5)
|
(4)
|
(4)
|
(4)
|
(5)
|
(6)
|
(5)
|
(5)
|
(5)
|
(3)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
|
Other Items |
0
|
26
|
25
|
22
|
24
|
18
|
19
|
3
|
(6)
|
(34)
|
(47)
|
(35)
|
(35)
|
(23)
|
(10)
|
3
|
(7)
|
(2)
|
(9)
|
(7)
|
18
|
19
|
17
|
(8)
|
(9)
|
(8)
|
(5)
|
21
|
11
|
14
|
(19)
|
(27)
|
(20)
|
(32)
|
10
|
6
|
2
|
2
|
(4)
|
(12)
|
(8)
|
|
Cash from Investing Activities |
(1)
N/A
|
24
N/A
|
22
-7%
|
20
-13%
|
22
+14%
|
16
-27%
|
17
+3%
|
0
-97%
|
(9)
N/A
|
(41)
-370%
|
(55)
-36%
|
(44)
+21%
|
(46)
-4%
|
(32)
+31%
|
(16)
+49%
|
(3)
+79%
|
(15)
-329%
|
(15)
-3%
|
(24)
-55%
|
(21)
+9%
|
5
N/A
|
12
+133%
|
10
-18%
|
(14)
N/A
|
(15)
-8%
|
(13)
+13%
|
(9)
+32%
|
17
N/A
|
7
-57%
|
9
+32%
|
(25)
N/A
|
(32)
-26%
|
(25)
+21%
|
(37)
-48%
|
6
N/A
|
2
-67%
|
(1)
N/A
|
(1)
+35%
|
(7)
-822%
|
(14)
-110%
|
(11)
+25%
|
|
Financing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Issuance of Common Stock |
(27)
|
(20)
|
(12)
|
(23)
|
(19)
|
(19)
|
(19)
|
1
|
1
|
1
|
0
|
0
|
0
|
(4)
|
(4)
|
(4)
|
(4)
|
1
|
2
|
2
|
2
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
4
|
3
|
3
|
3
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
|
Net Issuance of Debt |
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
|
10
|
0
|
0
|
0
|
0
|
20
|
20
|
20
|
20
|
0
|
0
|
|
Other |
(1)
|
(1)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(2)
|
(5)
|
(5)
|
(16)
|
(15)
|
(12)
|
(12)
|
(5)
|
(6)
|
(6)
|
(6)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
|
Cash from Financing Activities |
(28)
N/A
|
(20)
+28%
|
(13)
+38%
|
(23)
-82%
|
(20)
+14%
|
(20)
0%
|
(20)
+1%
|
(0)
+99%
|
(0)
N/A
|
(0)
+17%
|
(0)
-33%
|
(2)
-750%
|
(2)
-5%
|
(6)
-227%
|
(7)
-11%
|
(5)
+18%
|
(6)
-15%
|
(4)
+29%
|
(3)
+22%
|
(14)
-316%
|
(13)
+6%
|
(11)
+17%
|
(11)
0%
|
(4)
+65%
|
(5)
-36%
|
(4)
+16%
|
(5)
-7%
|
(1)
+79%
|
1
N/A
|
0
-68%
|
10
+2 742%
|
10
+2%
|
9
-9%
|
9
-1%
|
(0)
N/A
|
19
N/A
|
18
-4%
|
18
0%
|
18
+1%
|
(1)
N/A
|
(1)
+27%
|
|
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)
|
(1)
|
(1)
|
(0)
|
(0)
|
0
|
0
|
0
|
(0)
|
|
Net Change in Cash |
(12)
N/A
|
22
N/A
|
28
+27%
|
16
-43%
|
22
+34%
|
14
-33%
|
12
-16%
|
16
+33%
|
9
-44%
|
(19)
N/A
|
(31)
-57%
|
(25)
+18%
|
(28)
-11%
|
(23)
+16%
|
(8)
+64%
|
4
N/A
|
17
+292%
|
16
-3%
|
7
-56%
|
(8)
N/A
|
(6)
+26%
|
1
N/A
|
7
+423%
|
(5)
N/A
|
(7)
-35%
|
7
N/A
|
0
-94%
|
27
+6 269%
|
33
+23%
|
26
-22%
|
0
-99%
|
(9)
N/A
|
(23)
-158%
|
(42)
-79%
|
(12)
+71%
|
(0)
+98%
|
(6)
-2 304%
|
25
N/A
|
22
-8%
|
(3)
N/A
|
14
N/A
|
|
Free Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Free Cash Flow |
15
N/A
|
16
+7%
|
16
-3%
|
17
+8%
|
17
+1%
|
16
-5%
|
13
-20%
|
14
+3%
|
15
+11%
|
15
+1%
|
17
+12%
|
11
-32%
|
10
-15%
|
6
-38%
|
8
+26%
|
7
-14%
|
30
+354%
|
23
-24%
|
20
-12%
|
13
-34%
|
(11)
N/A
|
(6)
+39%
|
1
N/A
|
6
+380%
|
7
+18%
|
20
+174%
|
10
-48%
|
6
-39%
|
20
+219%
|
11
-46%
|
9
-16%
|
8
-13%
|
(13)
N/A
|
(19)
-48%
|
(21)
-8%
|
(25)
-19%
|
(26)
-5%
|
4
N/A
|
8
+89%
|
10
+30%
|
23
+129%
|