Financial Statements

Abaxis, Inc. (ABAX)

- (-%)

Cash Flow Statement

All numbers are in thousands
Year XLSX
2018
XLSX
2017
XLSX
2016
XLSX
2015
XLSX
2014
Operating Cash Flow 43,51633,15228,05636,39635,572
Net Income 27,17732,71631,63027,33114,185
Depreciation & Amortization 6,9147,3406,6978,4867,427
Deferred income taxes -2,110-1,3191,317-3,954-785
Stock-based compensation 13,66111,07911,1009,7877,643
Change in working capital 20,633-11,873-21,6339899,226
Other non-cash items -22,759-4,791-1,055-6,243-2,124
Investing Cash Flow -73,437-15,903-20,23710,093-13,358
Investments in PPE -6,046-10,171-5,185-6,077-5,554
Acquisitions --3,784-1,131-618-
Investment purchases -109,448-56,914-63,780-36,804-32,182
Sales/Maturities of investments 39,46054,96648,95933,46724,334
Other Investing Activites 2,597-90020,12544
Financing Cash Flow -16,201-13,619-26,627-10,962-4,045
Debt repayment -14,498----
Dividends payments -13,611-11,715-9,970-9,006-
Common Stock Repurchased ---13,040--2,981
Other Financing Activites 11,908-1,904-3,617-1,956-1,064
Accounts receivables -7,470-1,161-13,9724,96313,060
Accounts payables 4,206238-443116-2,018
Inventory -8,181-8,18474-10,135-2,491
Other working capital 32,078-2,766-7,2926,045675
Cash at beginning of period 91,33288,323107,01573,58954,910
Cash at end of period 46,27791,33288,323107,01573,589
Capital Expenditure -6,046-10,171-5,185-6,077-5,554
Effect of forex changes on cash 1,067-621116-2,101510
Net cash flow / Change in cash -45,0553,009-18,69233,42618,679
Free Cash Flow 37,47022,98122,87130,31930,018

Abaxis, Inc. income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes Abaxis, Inc. FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.