Cash Flow Statement
Quarterly Data
The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.
The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.
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- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Analysis of Reportable Segments
- Net Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Return on Assets (ROA) since 2005
- Price to Operating Profit (P/OP) since 2005
- Analysis of Revenues
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Boston Scientific Corp., consolidated cash flow statement (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).
- Net Income (Loss)
- The net income exhibits substantial volatility, showing negative spikes in mid-2020 followed by recovery and positive growth peaking near the end of 2021. Thereafter, the figures decline but remain positive through early 2023, indicating fluctuating profitability with recovery phases.
- Depreciation and Amortization
- This expense remains relatively stable over the periods, fluctuating in a narrow range around the high 200s (US$ millions), suggesting consistent investment in fixed assets and intangible assets amortization.
- Deferred and Prepaid Income Taxes
- Significant variability is present, with notable negative adjustments especially in late 2018 and mid-2019, followed by a return to positive values, reflecting changes in tax positions or timing differences affecting the tax expense.
- Stock-Based Compensation Expense
- This expense shows a gradual upward trend, increasing from about 40 to mid-50s (US$ millions), indicating growing compensation costs related to equity awards, possibly due to strategic talent retention or incentive plans.
- Goodwill and Other Intangible Asset Impairment Charges
- Charges are irregular, with significant spikes in late 2019 and 2021, implying occasional recognition of impairments possibly due to asset write-downs or revaluation reflecting business acquisitions or underperformance of intangible assets.
- Net (Gain) Loss on Investments and Notes Receivable
- Fluctuates noticeably with major gain in late 2018 and losses in other periods, indicating varying returns or revaluation of financial investments and notes receivable across quarters.
- Contingent Consideration Net Expense (Benefit)
- Shows a volatile pattern with large negative and positive values, suggesting adjustments related to contingent payments on business acquisitions are irregular and impactful on financial results.
- Inventory Step-Up Amortization
- Generally consistent with periodic fluctuations, reflecting amortization related to inventory adjustments possibly post-acquisitions or purchase accounting.
- Other Operating Items
- Trade accounts receivable, inventories, other assets, and accounts payable and accrued expenses exhibit significant volatility with multiple negative and positive swings. Correlations suggest dynamic working capital movements with sharp decreases and increases impacting operating cash flow.
- Cash Provided by (Used for) Operating Activities
- This metric experienced some quarterly fluctuations but shows overall positive trends from 2018 through 2023. There are sharp declines in early 2020 (likely pandemic effects) but subsequent robust recovery and growth in cash generation capabilities are observed.
- Cash Provided by (Used for) Investing Activities
- Primarily negative throughout most periods, indicating consistent cash outflows for acquisitions, property, plant, equipment, and technology investments. Notable spikes in cash outflows are seen, especially in late 2019 aligned with substantial acquisition activity.
- Cash Provided by (Used for) Financing Activities
- Displays variability with positive peaks related to debt issuance, public offerings, and short-term borrowings contrasted by negative values reflecting debt repayments, stock repurchases, and dividends. This indicates active capital management with fluctuating reliance on external financing sources.
- Capital Expenditures and Acquisitions
- Investment in property, plant, equipment, and internal use software generally increased over time with occasional spikes indicating intensified capital expenditure periods. Payments for acquisitions show episodic large cash outflows, particularly in 2019 and 2021, highlighting a strategy of growth through acquisitions.
- Financing and Debt Activity
- The company exhibits vigorous borrowing and repayment activities, including substantial issuances and repayments of long-term and short-term debt. The presence of debt extinguishment costs and issuance of preferred and common stock also suggests active portfolio and financing structure adjustments.
- Cash Position Changes
- Net increase in cash and cash equivalents is irregular, with substantial gains in quarters following heightened operating cash flow but some significant declines associated with investment and financing cash outflows. Overall, cash fluctuations underscore dynamic liquidity management amidst growth and investment initiatives.