| II-VI Incorporated and Subsidiaries | |||||||||||
| Condensed Consolidated Statements of Cash Flows (Unaudited) | |||||||||||
| ($ 000 ) | |||||||||||
| Year Ended | |||||||||||
| June 30, | |||||||||||
| 2019 | 2018 | ||||||||||
| Cash Flows from Operating Activities | |||||||||||
| Net cash provided by operating activities | $ | 178,475 | $ | 161,014 | |||||||
| Cash Flows from Investing Activities | |||||||||||
| Additions to property, plant & equipment | (137,122 | ) | (153,438 | ) | |||||||
| Purchases of businesses | (83,067 | ) | (80,503 | ) | |||||||
| Purchases of equity investments | (4,480 | ) | (52,056 | ) | |||||||
| Other investing activities | 693 | 1,047 | |||||||||
| Net cash used in investing activities | (223,976 | ) | (284,950 | ) | |||||||
| Cash Flows from Financing Activities | |||||||||||
| Proceeds from borrowings | 150,000 | 445,000 | |||||||||
| Proceeds from exercises of stock options | 8,698 | 10,469 | |||||||||
| Payments on borrowings | (135,000 | ) | (292,000 | ) | |||||||
| Payments in satisfaction of employees' minimum tax obligations | (7,092 | ) | (6,564 | ) | |||||||
| Debt issuance costs | (5,589 | ) | (10,061 | ) | |||||||
| Payments on earnout considerations | (4,524 | ) | - | ||||||||
| Purchases of treasury stock | (1,616 | ) | (49,875 | ) | |||||||
| Net cash provided by financing activities | 4,877 | 96,969 | |||||||||
| Effect of exchange rate changes on cash and cash equivalents | (1,542 | ) | 2,117 | ||||||||
| Net (decrease) in cash and cash equivalents | (42,166 | ) | (24,850 | ) | |||||||
| Cash and Cash Equivalents at Beginning of Period | 247,038 | 271,888 | |||||||||
| Cash and Cash Equivalents at End of Period | $ | 204,872 | $ | 247,038 | |||||||
II-VI Incorporated Reports Fiscal 2019 Fourth Quarter and Full Year Results
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