American superconductor corp /de/ (AMSC)
CashFlow / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09
Cash flows from operating activities:
Net (loss) income

-6,845

-825

-3,539

-8,353

17,293

22,558

-4,737

-5,994

-4,249

-7,281

-15,252

-6,925

-2,768

-7,325

-10,355

-3,362

-2,958

-7,698

-9,121

-3,364

-6,353

-25,422

-13,517

-22,705

-8,418

-14,622

-10,513

-19,771

-20,136

-15,949

-10,275

-21,167

-26,272

-51,709

-37,679

-185,134

-18,158

7,838

9,170

4,937

5,179

4,340

1,792

Adjustments to reconcile net (loss) income to net cash (used in)/provided by operations:
Depreciation and amortization

1,050

1,113

1,149

1,154

1,148

1,157

1,150

2,220

1,557

3,337

4,345

1,913

1,871

1,864

1,871

1,922

2,041

1,981

2,028

2,256

2,397

2,426

2,475

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

-

-

-

-

-

-

-

-

883

478

754

626

613

654

999

706

708

706

1,128

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of minority interest investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

746

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,688

2,655

-

3,515

3,284

3,344

4,580

4,205

3,428

3,242

3,310

2,562

2,774

2,654

2,631

2,454

2,403

2,301

Stock-based compensation expense

590

397

249

628

792

825

785

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,581

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense-non-employee

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

61

0

30

Stock-based compensation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,135

-

1,929

2,045

1,994

2,167

2,118

2,113

3,466

3,132

2,305

4,428

3,578

-

-

3,852

3,066

Non-cash portion of restructuring charges

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-27

-

310

-10

-39

-

-

-

-

-

-

-

-

-

-

-

-

Provision for excess and obsolete inventory

295

107

89

192

172

370

144

34

49

101

250

541

403

399

272

878

1,006

229

600

-15

116

636

649

29

95

32

160

1,273

536

171

250

2,207

647

1,090

413

-

-

-

-

-

-

-

-

(Recovery)/Write-off prepaid taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-222

-309

820

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,562

-3,109

-2,820

2,027

-1,109

-497

-404

-707

Change in fair value of warrants

-556

-1,146

-2,946

-

2,476

-282

464

-

-127

-345

-925

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adverse purchase commitment losses (recoveries), net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-119

-1,008

-7,301

-

-94

-904

1,071

-

-

-

-

-

-

-

-

Provision for doubtful accounts receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

29

-961

957

-783

208

709

-657

Loss from minority interest investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-356

-99

-234

-208

-202

-219

-290

-251

-248

-317

-3,404

2,302

-812

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of derivatives and warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-678

-

-1,092

701

800

915

2,288

795

-35

-18

535

886

469

1,442

5,217

3,285

-2,388

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash interest income

112

0

-112

-56

-56

-56

-56

0

0

0

19

-

29

42

56

-

83

96

111

-

147

153

190

1,811

1,137

3,093

1,672

4,022

3,961

2,161

2,282

-

-

-

-

-

-

-

-

-

-

-

-

Other non-cash items

-866

988

-100

-635

25

333

394

-712

-178

815

-718

3

834

-204

307

-768

227

-368

-553

1,598

-22

909

-49

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-cash items

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

206

686

-

1,440

150

200

158

172

-386

827

-1,076

918

787

320

254

363

175

207

Changes in operating asset and liability accounts:
Accounts receivable

6,417

-630

2,874

-195

445

-3,913

4,192

-4,721

3,700

195

-319

-7,930

3,905

5,074

-12,192

2,162

5,960

2,610

-1,414

-757

1,170

-477

2,741

-965

290

-2,593

-8,111

6,836

-3,229

1,276

-4,132

3,558

-2,447

4,379

-670

-22,744

-72,935

-3,344

35,848

-10,502

30,505

10,058

-13,068

Inventory

3,379

3,697

-108

-1,687

-2,042

-1,737

459

2,603

1,174

365

-1,719

-1,479

-6,402

-2,054

10,750

4,070

190

-510

-2,968

-5,711

2,315

5,906

-623

-4,361

633

-6,454

-2,861

-1,716

7,202

1,107

-136

-2,891

3,619

1,476

5,324

9,008

32,586

4,694

5,654

-72

6,963

-10,138

3,903

Prepaid expenses and other assets

-1,478

808

1,002

-1,015

808

240

332

89

-562

-358

273

-446

560

-1,288

-1,555

192

-2,843

-2,686

-271

-742

1,539

1,974

-441

-9,050

69

-4,682

1,151

-4,188

3,695

-7,546

-848

1,559

-15,773

4,717

7,812

-1,545

10,353

5,004

1,616

1,533

9,230

-1,225

513

Accounts payable and accrued expenses

-151

2,980

-181

-1,764

2,437

2,091

75

-3,594

1,408

-366

-404

-3,907

450

-6,131

1,650

1,577

3,303

-313

-3,024

-115

1,540

5,498

-1,344

-2,416

499

-3,480

-5,464

-1,534

-5,430

-8,451

-6,449

-594

-25,921

-17,901

-19,732

-5,167

-3,066

10,151

-2,140

20,450

8,135

5,366

-10,176

Deferred revenue

6,941

-2,382

3,093

-2,412

232

-1,259

666

-1,026

-2,097

-2,065

3,300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-2,172

-899

4,418

79

7,050

960

325

-1,087

-4,144

-2,017

4,575

5,851

-851

-1,702

-8,662

-10,211

5,991

6,222

1,677

-3,913

3,806

1,445

725

3,084

-1,371

-27,847

-253

8,073

3,139

4,449

773

-1,340

Net cash (used in)/provided by operating activities

-7,294

-4,619

-5,866

-5,072

24,191

30,481

-6,886

-4,593

-6,695

-8,109

-5,430

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-15,726

-13,374

-11,591

-7,768

-26,378

-49,122

-57,774

-6,779

-14,164

16,601

-18,479

41,817

-22,824

35,823

-14,136

Net cash used in operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,852

-2,060

-

-32

-4,732

-3,035

-11,742

-9,565

-5,863

-5,506

5,099

-3,587

-5,472

-9,307

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash flows from investing activities:
Purchase of property, plant and equipment

1,190

900

836

243

291

303

115

409

1,642

407

76

99

198

78

281

413

478

113

197

56

167

227

287

55

108

18

97

171

356

815

88

1,563

2,029

2,805

4,498

10,172

12,740

9,765

8,185

8,309

5,491

1,081

1,660

Proceeds from the sale of property, plant and equipment

0

0

3,001

-

-

-

-

16,892

6

2

10

14

0

0

15

17

23

0

7

-2

12

3

5

-

-

-

25

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

86,142

46,480

10,222

15,061

13,884

27,563

28,092

12,441

Proceeds from the maturity of marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-21

5,213

-16

100

-550

-403

20,270

90,800

57,368

31,980

-8,707

24,189

18,749

7,264

10,366

23,008

Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

26

-453

12

-16

163

-2,848

12

4

2,452

-1,918

-2,674

-108

1

-617

-2

-4,051

-3,025

-4,769

-2,742

6,858

3,057

2,255

18

3,763

3

3

4

-257

43

-2,191

147

399

Purchase of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

334

3,125

528

240

513

386

385

1,230

156

517

474

369

Purchase of minority investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,800

-

-

-

-

-

-

-

-

Advanced payment for planned acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

20,551

-

-

-

-

-

-

-

-

Change in other assets

29

28

-94

-62

75

80

51

41

-156

107

23

54

-145

7

21

5

-180

39

-130

36

-328

-81

93

327

-386

290

205

-

-

-

-

-520

95

444

195

-1,166

-152

171

11

69

-586

190

427

Net cash used in investing activities

-26,219

-10,928

2,259

2,819

-239

-245

-166

16,658

-1,540

573

-89

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9,626

1,911

-6,846

-4,984

-7,907

16,475

59,753

-40,061

-27,477

-37,254

-41

-3,712

-24,378

-19,618

7,712

Cash flows from financing activities:
Net cash provided by/(used in) investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-97

-271

-

5,084

-164

-64

-2,546

2,091

2,531

-267

-389

955

-331

3,774

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Employee taxes paid related to net settlement of equity awards

60

222

283

0

60

158

238

0

0

0

274

0

0

29

461

0

1

11

98

1

0

32

368

0

0

0

57

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Employee taxes paid related to net settlement of equity awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

78

0

-36

542

0

0

-271

-

-

-

-

-

-

-

-

Proceeds from the issuance of debt, net of expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-66

32,961

-

-

15

4,626

-

-

-

-

-

-

-

-

Repayment of debt

-

-

-

-

-

-

-

0

0

0

1,575

0

1,167

1,000

1,000

1,000

1,000

1,000

1,000

1,000

2,654

2,199

1,442

1,153

1,154

1,154

1,154

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from public equity offering, net

-

-

-

-

-

-

-

-

0

-2

16,954

0

0

0

0

0

1

0

22,281

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of employee stock options and ESPP

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

178

0

129

21

468

5,776

1,013

561

12,955

1,980

2,574

1,494

Proceeds from public equity offering, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,177

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by/(used in) financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,029

-1,461

-

-1,000

-981

21,183

-964

8,903

1,477

-633

3,046

12,016

-1,055

-1,211

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in)/provided by financing activities

6,079

-122

-283

86

-60

-87

-238

90

0

83

15,105

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-775

112

32,925

178

0

-4,497

4,376

468

161,016

1,013

561

12,955

1,980

2,574

1,494

Effect of exchange rate changes on cash

104

-433

359

157

-18

-730

-44

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (decrease)/increase in cash, cash equivalents and restricted cash

-27,330

-16,102

-3,531

-

23,874

29,419

-7,334

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash

-

-

-

-

-

-

-

-

28

196

412

39

-134

29

-327

636

-187

-112

-13

-241

-125

-90

-84

-36

143

117

109

-255

196

0

-280

248

-621

-230

747

1,136

-2,971

7,411

-4,791

-3,849

-1,147

1,190

1,039

Net increase in cash, cash equivalents and restricted cash

-

-

-

-

-

-

-

11,971

-8,207

-7,257

9,998

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase/(decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

1,721

-199

-9,949

-4,119

2,893

3,865

-5,989

18,071

-15,493

1,304

-1,945

-6,490

7,720

9,527

-6,741

-6,635

-3,214

-6,679

-11,351

14,208

-12,326

-34,906

-37,374

7,102

-45,238

116,406

-12,229

-22,750

47,211

-46,369

19,969

-3,891

Supplemental schedule of cash flow information:
Cash paid for income taxes, net of refunds

3,390

2

128

67

1,354

1,262

176

564

259

657

96

72

26

782

112

603

362

429

329

0

136

192

34

-

-

-

145

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for income taxes, net of refunds

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,456

76

-828

-

-4,665

5,662

12,485

2,774

3,657

5,550

4,453

6,517

3,339

336

2,195

Issuance of common stock to settle liabilities

69

92

81

222

63

87

85

98

67

95

90

110

77

105

107

91

89

90

107

92

95

97

1,431

16,476

100

5,999

1,832

8,490

7,730

1,660

1,016

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash contingent consideration in connection with acquisitions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,078

2,921

4,004

0

0

7,547

3,281

Issuance of common stock to settle liabilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

165

216

205

-

218

230

189

305

1,290

151

169

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

42

42

51

79

108

135

183

171

220

425

253

316

368

391

199

184

216

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Hercules [Member]
Issuance of common stock to Hercules to settle warrant liability

0

0

294

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-