VEECO INSTRUMENTS INC (VECO) FY2024 Annual Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-01-01 to 2024-12-31

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VEECO INSTRUMENTS INC cash flow reconciliation, Jan 1, 2024 through Dec 31, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income (loss) → Net cash from operating activities: $63,815,000.00Net income (loss) → Operating adjustments reconciliation: $9,899,000.00Share-based compensation expense → Operating adjustments reconciliation: $35,879,000.00Asset impairment → Operating adjustments reconciliation: $28,131,000.00Depreciation and amortization → Operating adjustments reconciliation: $25,143,000.00Income taxes receivable and payable, net → Operating adjustments reconciliation: $5,861,000.00Non-cash interest expense → Operating adjustments reconciliation: $1,257,000.00Impairment of equity investments → Operating adjustments reconciliation: $404,000.00Operating adjustments reconciliation → Contract liabilities: $53,040,000.00Operating adjustments reconciliation → Changes in contingent consideration: $21,242,000.00Operating adjustments reconciliation → Deferred income taxes: $8,729,000.00Operating adjustments reconciliation → Inventories: $8,307,000.00Operating adjustments reconciliation → Accounts receivable and contract assets: $6,555,000.00Operating adjustments reconciliation → Prepaid expenses and other current assets: $4,751,000.00Operating adjustments reconciliation → Other, net: $3,612,000.00Operating adjustments reconciliation → Accounts payable and accrued expenses: $338,000.00Proceeds from the sale of investments → investing reconciliation: $154,223,000.00Proceeds from sale of productive assets → investing reconciliation: $2,033,000.00investing reconciliation → Payments for purchases of investments: $202,690,000.00investing reconciliation → Capital expenditures: $18,113,000.00Net cash used in financing activities → financing reconciliation: $12,579,000.00Proceeds (net of tax withholdings) from option exercises and employee stock purchase plan → financing reconciliation: $5,303,000.00financing reconciliation → Restricted stock tax withholdings: $16,064,000.00financing reconciliation → Contingent consideration payments: $1,818,000.00Net cash used in investing activities → investing reconciliation: $64,547,000.00Exchange-rate effect → Cash sources and uses: $10,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $159,120,000.00Net cash from operating activities → Cash sources and uses: $63,815,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $145,819,000.00Cash sources and uses → Net cash used in investing activities: $64,547,000.00Cash sources and uses → Net cash used in financing activities: $12,579,000.00Net income (loss): $73,714,000.00Net income (loss)+$73.71 MDepreciation and amortization: $25,143,000.00Depreciation & amortization+$25.14 MNon-cash interest expense: $1,257,000.00Debt cost amortization+$1.26 MDeferred income taxes: -$8,729,000.00Deferred income taxes−$8.73 MShare-based compensation expense: $35,879,000.00Stock-based compensation+$35.88 MChanges in contingent consideration: -$21,242,000.00Contingent consideration change−$21.24 MAsset impairment: $28,131,000.00Asset impairments+$28.13 MImpairment of equity investments: $404,000.00Investment impairments+$404.00 KAccounts receivable and contract assets: -$6,555,000.00Receivables & contract assets−$6.56 MInventories: -$8,307,000.00Inventories−$8.31 MPrepaid expenses and other current assets: -$4,751,000.00Prepaid & other assets−$4.75 MAccounts payable and accrued expenses: -$338,000.00Payables & accrued liabilities−$338.00 KContract liabilities: -$53,040,000.00Deferred revenue−$53.04 MIncome taxes receivable and payable, net: $5,861,000.00Income taxes, net+$5.86 MOther, net: -$3,612,000.00Other working capital, net−$3.61 MNet cash from operating activities: $63,815,000.00Operating cash+$63.82 MOperating adjustments reconciliation: $106,574,000.00Contingent consideration payments: -$1,818,000.00Contingent consideration paid−$1.82 MRestricted stock tax withholdings: -$16,064,000.00Stock-award tax withholding−$16.06 MProceeds (net of tax withholdings) from option exercises and employee stock purchase plan: $5,303,000.00Employee stock plans & options+$5.30 MNet cash used in financing activities: -$12,579,000.00. Cash required to fund net payments.Financing cash−$12.58 Mfinancing reconciliation: $17,882,000.00Capital expenditures: -$18,113,000.00PP&E purchases−$18.11 MProceeds from the sale of investments: $154,223,000.00AFS securities proceeds+$154.22 MPayments for purchases of investments: -$202,690,000.00AFS securities purchases−$202.69 MProceeds from sale of productive assets: $2,033,000.00Asset sales+$2.03 MNet cash used in investing activities: -$64,547,000.00. Cash required to fund net payments.Investing cash−$64.55 Minvesting reconciliation: $220,803,000.00Cash sources and uses: $222,945,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $159,120,000.00Beginning cash$159.12 MEnding cash: Cash, cash equivalents, and restricted cash: $145,819,000.00Ending cash$145.82 MExchange-rate effect: $10,000.00FX effect+$10.00 KCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$45.70 MOperating cash − cash spent on PP&ECash flow / Net income0.87×Operating cash flow ÷ net incomeNet cash change−$13.30 MEnding cash − beginning cash
Chart details

VEECO INSTRUMENTS INC cash flow reconciliation, Jan 1, 2024 through Dec 31, 2024

Cash flows for Jan 1, 2024 through Dec 31, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. Ending cash: Dec 31, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2023
159,120,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
63,815,000 US dollars. Net cash provided.
Net income (loss)
73,714,000 US dollars
Depreciation and amortization
25,143,000 US dollars
Non-cash interest expense
1,257,000 US dollars
Deferred income taxes
negative 8,729,000 US dollars
Share-based compensation expense
35,879,000 US dollars
Changes in contingent consideration
negative 21,242,000 US dollars
Asset impairment
28,131,000 US dollars
Impairment of equity investments
404,000 US dollars
Accounts receivable and contract assets
negative 6,555,000 US dollars
Inventories
negative 8,307,000 US dollars
Prepaid expenses and other current assets
negative 4,751,000 US dollars
Accounts payable and accrued expenses
negative 338,000 US dollars
Contract liabilities
negative 53,040,000 US dollars
Income taxes receivable and payable, net
5,861,000 US dollars
Other, net
negative 3,612,000 US dollars
Investing activities
negative 64,547,000 US dollars. Net cash used.
Capital expenditures
negative 18,113,000 US dollars
Proceeds from the sale of investments
154,223,000 US dollars
Payments for purchases of investments
negative 202,690,000 US dollars
Proceeds from sale of productive assets
2,033,000 US dollars
Financing activities
negative 12,579,000 US dollars. Net cash used.
Contingent consideration payments
negative 1,818,000 US dollars
Restricted stock tax withholdings
negative 16,064,000 US dollars
Proceeds (net of tax withholdings) from option exercises and employee stock purchase plan
5,303,000 US dollars
Operating adjustment reconciliation
106,574,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
17,882,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
220,803,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
10,000 US dollars
Ending cash on Dec 31, 2024
145,819,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
222,945,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 13,301,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.87×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
Operating cash flow
63,815,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
18,113,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
45,702,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income exceeds operating cash. The diagram allocates $63.82M of net income directly to operating cash and $9.90M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
  • Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 63,815,000 US dollars minus 18,113,000 US dollars equals 45,702,000 US dollars.
VEECO INSTRUMENTS INC (VECO) FY2024 Annual Statement of Cash Flows Sankey chart
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