| Jan'20 | Jan'19 | Jan'18 | Jan'17 | Jan'16 | Jan'15 | Jan'14 | Jan'13 | Jan'12 | Jan'11 |
|---|---|---|---|---|---|---|---|---|---|
CASH FLOWS FROM OPERATING ACTIVITIES | |||||||||
Net (loss) income | |||||||||
-40,712 | 51,869 | 72,346 | 77,426 | 50,204 | 43,455 | 43,344 | 21,817 | 8,970 | 7,774 |
Removal of loss (income) on discontinued operations | |||||||||
- | - | - | - | - | - | - | - | 1,562 | -2,233 |
Income from continuing operations | |||||||||
- | - | - | - | - | - | - | - | 7,408 | 10,007 |
Adjustments to reconcile net (loss) income to net cash provided by (used in) operating activities | |||||||||
Impairment losses (Note 7) | |||||||||
4,895 | 1,491 | 584 | 1,979 | - | - | - | - | - | - |
Depreciation | |||||||||
3,513 | 3,422 | 2,779 | 2,043 | 779 | 551 | 549 | 522 | 455 | 642 |
Stock compensation expense | |||||||||
2,131 | 1,645 | 4,651 | 2,344 | 2,374 | 2,017 | 1,536 | 1,316 | 637 | 1,502 |
Amortization of purchased intangible assets | |||||||||
1,100 | 1,012 | 1,032 | 1,163 | 531 | 243 | 243 | 243 | 334 | 350 |
Operating lease expense | |||||||||
1,004 | - | - | - | - | - | - | - | - | - |
Change in accrued interest on short-term investments | |||||||||
-714 | -695 | 1,112 | 698 | 98 | - | - | - | - | - |
Deferred income tax benefit | |||||||||
-6,640 | -2,139 | -64 | 1,237 | 3,421 | 896 | 1,701 | -259 | -51 | 410 |
Gain on the deconsolidation of a variable interest entity | |||||||||
- | - | - | - | - | - | 2,444 | - | - | - |
Other | |||||||||
-175 | 996 | 136 | -1,215 | 144 | - | - | - | - | - |
Changes in operating assets and liabilities | |||||||||
Accounts receivable | |||||||||
1,038 | 10,200 | 5,687 | -817 | 12,194 | 3,879 | -1,294 | 8,826 | 2,976 | 10,359 |
Contract assets | |||||||||
-24,978 | 44,510 | 6,646 | - | - | - | - | - | - | - |
Other assets | |||||||||
-2,357 | 15,160 | 4,574 | 668 | - | - | - | - | - | - |
Restricted cash | |||||||||
- | - | - | - | - | - | - | - | -1,243 | -3,759 |
Costs and estimated earnings in excess of billings | |||||||||
- | - | - | - | - | - | -722 | -1,603 | 1,338 | -11,488 |
Prepaid expenses and other assets | |||||||||
- | - | - | - | 2,751 | -501 | -598 | -2,943 | 4,020 | -1,554 |
Accounts payable and accrued expenses | |||||||||
-3,284 | -60,187 | -6,164 | 59,522 | -12,196 | 22,645 | -10,513 | 6,086 | 20,270 | -5,097 |
Contract liabilities | |||||||||
64,336 | -39,264 | -129,802 | - | - | - | - | - | - | - |
Changes in contracts-in-progress, net (Note 4) | |||||||||
- | - | - | -112,664 | - | - | - | - | - | - |
Billings in excess of costs and estimated earnings, net | |||||||||
- | - | - | - | -62,958 | 26,900 | 61,377 | 5,389 | 58,088 | 8,042 |
Other, net | |||||||||
- | - | - | - | - | - | - | - | - | 64 |
Net cash provided by operating activities | |||||||||
- | - | - | - | - | - | - | 30,834 | 80,050 | 22,234 |
Net cash used in discontinued operating activities | |||||||||
- | - | - | - | - | - | - | - | -1,335 | -2,897 |
Net cash provided by (used in) operating activities | |||||||||
53,565 | -112,322 | -72,793 | 259,044 | -33,032 | 93,329 | 98,407 | - | 78,715 | 19,337 |
CASH FLOWS FROM INVESTING ACTIVITIES | |||||||||
Maturities of short-term investments | |||||||||
166,000 | 370,000 | 587,500 | 354,000 | 138,000 | - | - | - | - | - |
Purchases of short-term investments | |||||||||
195,000 | 191,000 | 542,500 | 595,000 | 252,000 | - | - | - | - | - |
Purchases of property, plant and equipment | |||||||||
7,058 | 8,599 | 4,826 | 2,811 | 3,118 | 2,936 | 1,136 | 7,263 | 1,738 | 483 |
Purchase of APC, net of cash acquired | |||||||||
- | - | - | - | 17,381 | - | - | - | - | - |
Changes in notes receivable | |||||||||
- | -225 | 1,500 | - | -3,960 | 614 | - | - | - | - |
Proceeds from the exercise of stock options and conversion of warrants | |||||||||
- | - | - | - | - | - | - | 2,676 | 531 | - |
Excess income tax benefits on exercised stock options and converted stock warrants | |||||||||
- | - | - | - | - | - | - | 730 | - | - |
Loans to energy project developers | |||||||||
- | - | - | - | - | - | 2,450 | - | - | - |
Payments received on loans made to variable interest entities | |||||||||
- | - | - | - | - | - | 8,915 | - | - | - |
Net cash provided by the sale of the assets of VLI | |||||||||
- | - | - | - | - | - | - | - | 2,528 | - |
Net cash (used in) provided by investing activities | |||||||||
-36,058 | 170,626 | 38,674 | -243,811 | -130,539 | -3,550 | 5,329 | -7,263 | 790 | -483 |
CASH FLOWS FROM FINANCING ACTIVITIES | |||||||||
Proceeds from the sale of common stock | |||||||||
- | - | - | - | - | - | - | - | - | 118 |
Payments of cash dividends | |||||||||
15,621 | 15,570 | 15,548 | 15,260 | 10,378 | 10,166 | 10,640 | 8,359 | 6,804 | - |
Cash distributions to joint venture partner | |||||||||
- | - | - | - | - | 25,000 | - | - | - | - |
Proceeds from the exercise of stock options | |||||||||
1,630 | 102 | 3,155 | 15,901 | 1,732 | 5,389 | 3,794 | - | - | - |
Distributions to joint venture partners | |||||||||
- | 72 | 1,229 | 9,500 | - | - | - | - | - | - |
Excess income tax benefit on exercised stock options (Note 2) | |||||||||
- | - | - | - | - | 1,480 | 576 | - | - | - |
Deconsolidation of the cash of variable interest entities | |||||||||
- | - | - | - | - | - | 399 | - | - | - |
Principal payments on long-term debt | |||||||||
- | - | - | - | - | - | - | - | - | 1,833 |
Net cash used in financing activities | |||||||||
-13,991 | -15,540 | -13,622 | -8,859 | -8,646 | -28,297 | -6,669 | -4,953 | -6,273 | -1,715 |
EFFECTS OF EXCHANGE RATE CHANGES ON CASH | |||||||||
-471 | -553 | 2,650 | -85 | -565 | - | - | - | - | - |
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | |||||||||
3,045 | 42,211 | -45,091 | 6,289 | -172,782 | 61,482 | 97,067 | 18,618 | 73,232 | 17,139 |
SUPPLEMENTAL CASH FLOW INFORMATION (Notes 2, 10 and 13) | |||||||||
Cash paid for income taxes | |||||||||
3,100 | 3,900 | 44,300 | 36,861 | 25,678 | 18,662 | 24,723 | 9,977 | 5,097 | - |
Cash received from income tax refunds | |||||||||
8,400 | 0 | 0 | - | - | - | - | - | - | - |
Operating lease payments made | |||||||||
1,000 | - | - | - | - | - | - | - | - | - |
Common stock issued in connection with the acquisition of APC (noncash transaction, see Note 3) | |||||||||
- | - | - | - | 3,536 | - | - | - | - | - |