Stock Analysis on Net
Stock Analysis on Net

Edwards Lifesciences Corp. (NYSE:EW)

$22.49

This company has been moved to the archive! The financial data has not been updated since February 14, 2022.

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.

Paying user area

Try for free

Edwards Lifesciences Corp. pages available for free this week:

The data is hidden behind: . Unhide it.

Get access

This is a one-time payment. There is no automatic renewal.

We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

Edwards Lifesciences Corp., consolidated cash flow statement (quarterly data)

US$ in thousands

Microsoft Excel
3 months ended: Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Net income (loss)
Depreciation and amortization
Non-cash operating lease cost
Stock-based compensation
Inventory write off
Impairment charges
Change in fair value of contingent consideration liabilities
Deferred income taxes
Purchase of intellectual property
Other
Accounts and other receivables, net
Inventories
Accounts payable and accrued liabilities
Income taxes
Prepaid expenses and other current assets
Litigation settlement accrual
Other
Changes in operating assets and liabilities
Adjustments to reconcile net income (loss) to net cash provided by operating activities
Net cash provided by operating activities
Capital expenditures
Deposit of cash in escrow
Purchases of held-to-maturity investments
Proceeds from held-to-maturity investments
Purchases of available-for-sale investments
Proceeds from available-for-sale investments
Investments in intangible assets
Acquisitions
Payment for acquisition option
Issuances of notes receivable
Collections of notes receivable
Other
Net cash (used in) provided by investing activities
Proceeds from issuance of debt
Payments on debt and finance lease obligations
Purchases of treasury stock
Equity forward contract related to accelerated share repurchase agreement
Proceeds from stock plans
Payment of contingent consideration
Other
Net cash provided by (used in) financing activities
Effect of currency exchange rate changes on cash, cash equivalents, and restricted cash
Net increase (decrease) in cash, cash equivalents, and restricted cash

Based on: 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), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

Net Income (Loss)
The net income exhibits significant volatility over the analyzed quarters. After a moderate decline in 2017, it experienced a sharp loss of USD 2.8 million in Q4 2017. Thereafter, a recovery trend is observed with fluctuations: net income rose to a peak of USD 489.5 million in Q4 2021, despite some setbacks in mid-2020, including a substantial loss of USD 121.9 million in Q2 2020.
Depreciation and Amortization
The depreciation and amortization expense generally trended upwards from 2017 through 2021, increasing from USD 21.1 million in Q1 2017 to a peak of USD 35.8 million in Q3 2021. This suggests growing investment in capital assets or intangible asset amortization over the period.
Non-Cash Operating Lease Cost
Data available from 2019 onward show a steady increase in non-cash operating lease costs, from USD 5.7 million in Q1 2019 to approximately USD 7.1 million in Q4 2021, reflecting possibly rising lease obligations or changes attributable to accounting standards on leases.
Stock-Based Compensation
Stock-based compensation expenses increased over the period, rising from approximately USD 15.2 million in early 2017 to a peak around USD 30.3 million in Q2 2021, with some volatility. This indicates an increased reliance on equity incentives for employees or executives.
Inventory Write-Off and Impairment Charges
Inventory write-offs appeared notably in Q3 2019 with USD 46.2 million, suggesting one-off adjustments or obsolescence events. Impairment charges were significant in Q2 2017 (USD 31 million) and Q3 2018 (USD 118.8 million), possibly indicating asset value reassessments or restructuring.
Changes in Fair Value of Contingent Consideration Liabilities
These changes varied widely with no clear trend, reflecting the complex nature of contingent liabilities. Large negative variations occurred in Q4 2018 (USD -14 million) and Q4 2021 (USD -18.1 million), contrasted with positive spikes in prior quarters, implying volatility in expected acquisition-related payments.
Deferred Income Taxes
Deferred tax trends show substantial fluctuations, with large negative movements in some quarters such as Q4 2017 (USD -26.3 million) and Q4 2021 (USD -61.5 million), indicating changing temporary differences or tax planning outcomes.
Accounts and Other Receivables, Net
The receivables showed irregular movements, with significant negative changes such as USD -81.5 million in Q1 2017 and USD -89.5 million in Q2 2021, interspersed with positive movements like USD 56.1 million in Q3 2017. This inconsistency may reflect changes in sales volume, collectability, or credit terms.
Inventories
Inventories showed a declining trend in early periods, with pronounced reductions, for example, USD -47.9 million in Q2 2017, but later quarters from 2021 show positive inventory changes, suggesting some inventory build-up in recent quarters.
Accounts Payable and Accrued Liabilities
Accounts payable and accrued liabilities exhibited highly volatile patterns, with drastic swings such as USD -242.2 million in Q1 2019 being offset by USD 231.6 million in Q2 2019. This volatility could be linked to timing of payments, procurement cycles, or accrual adjustments.
Income Taxes
Income tax paid or refunded showed large fluctuations, including a positive USD 333.4 million inflow in Q4 2017 and large outflows such as USD -182.2 million in Q2 2018. This inconsistency likely reflects changes in taxable income, tax planning, or settlement of past obligations.
Net Cash Provided by Operating Activities
Operating cash flows were generally strong with notable peaks in Q3 2019 (USD 437.3 million) and Q4 2021 (USD 373.6 million). However, Q1 2019 presented a drastic drop to USD 1.5 million, signaling operational challenges or working capital fluctuations during that quarter.
Capital Expenditures
Capital expenditure levels are consistently high and upward trending through the period though showing some variability. The highest quarterly outlays were recorded in Q4 2020 (USD 113.2 million), indicating ongoing investment in fixed or intangible assets.
Investing Activities
Net cash flows from investing activities were highly erratic with large negative values mostly driven by acquisitions and investment purchases. For instance, a substantial outflow of USD -638.2 million occurred in Q2 2017, and USD -965.9 million in Q4 2021 reflects continuing investing activity and possible portfolio adjustments.
Financing Activities
Financing cash flows exhibit significant fluctuations, including large outflows in early quarters such as Q1 2017 (USD -391.3 million) attributable largely to treasury stock purchases, followed by variable inflows and outflows in subsequent quarters. Equity repurchases and debt management appear as key drivers of financing cash flow variability.
Net Increase (Decrease) in Cash and Cash Equivalents
Cash flow changes were highly variable, with large decreases such as USD -652.5 million in Q4 2021 and notable increases like USD 408.7 million in Q2 2018. This volatility likely results from the interplay among operating, investing, and financing activities over the periods.