AMERICAN SUPERCONDUCTOR CORP /DE/ AMSC Cash Flow

American superconductor corp /de/ (AMSC)

CashFlow / TTM

Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09
Cash flows from operating activities:
Net (loss) income
-19,562	4,576	27,959	26,761	29,120	7,578	-22,261	-32,776	-33,707	-32,226	-32,270	-27,373	-23,810	-24,000	-24,373	-23,139	-23,141	-26,536	-44,260	-48,656	-67,997	-70,062	-59,262	-56,258	-53,324	-65,042	-66,369	-66,131	-67,527	-73,663	-109,423	-136,827	-300,794	-292,680	-233,133	-186,284	3,787	27,124	23,626	16,248	0	0	0
Adjustments to reconcile net (loss) income to net cash (used in)/provided by operations:
Depreciation and amortization
4,466	4,564	4,608	4,609	5,675	6,084	8,264	11,459	11,152	11,466	9,993	7,519	7,528	7,698	7,815	7,972	8,306	8,662	9,107	9,554	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation expense
-	-	-	-	-	-	-	-	2,741	2,471	2,647	2,892	2,972	3,067	3,119	3,248	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment of minority interest investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	14,723	15,413	15,557	15,455	14,185	12,542	11,888	11,300	10,621	10,513	10,142	9,789	0	0	0
Stock-based compensation expense
1,864	2,066	2,494	3,030	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation expense-non-employee
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Stock-based compensation expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	8,135	8,324	8,392	9,864	10,829	11,016	13,331	13,443	0	0	0	-	-	0	0
Non-cash portion of restructuring charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Provision for excess and obsolete inventory
683	560	823	878	720	597	328	434	941	1,295	1,593	1,615	1,952	2,555	2,385	2,713	1,820	930	1,337	1,386	1,430	1,409	805	316	1,560	2,001	2,140	2,230	3,164	3,275	4,194	4,357	0	0	0	-	-	-	-	-	-	-	-
(Recovery)/Write-off prepaid taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	289	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,660	-5,011	-2,399	17	-2,717	0	0	0
Change in fair value of warrants
0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adverse purchase commitment losses (recoveries), net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Provision for doubtful accounts receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25	-758	-579	1,091	-523	0	0	0
Loss from minority interest investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-689	-897	-743	-863	-919	-962	-1,008	-1,106	-4,220	-1,667	-2,231	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of derivatives and warrants
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,706	-	1,324	4,704	4,798	3,963	3,030	1,277	1,368	1,872	3,332	8,014	10,413	7,556	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash interest income
-56	-224	-280	-224	-168	-112	-56	19	0	0	0	-	0	0	0	-	0	0	0	-	2,301	3,291	6,231	7,713	9,924	12,748	11,816	12,426	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other non-cash items
-613	278	-377	117	40	-163	319	-793	-78	934	-85	940	169	-438	-602	-1,462	904	655	1,932	2,436	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-cash items
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	1,948	680	144	771	-463	283	1,456	949	2,279	1,724	1,112	999	0	0	0
Changes in operating asset and liability accounts:
Accounts receivable
8,466	2,494	-789	529	-3,997	-742	3,366	-1,145	-4,354	-4,149	730	-11,143	-1,051	1,004	-1,460	9,318	6,399	1,609	-1,478	2,677	2,469	1,589	-527	-11,379	-3,578	-7,097	-3,228	751	-2,527	-1,745	1,358	4,820	-21,482	-91,970	-99,693	-63,175	-50,933	52,507	65,909	16,993	0	0	0
Inventory
5,281	-140	-5,574	-5,007	-717	2,499	4,601	2,423	-1,659	-9,235	-11,654	815	6,364	12,956	14,500	782	-8,999	-6,874	-458	1,887	3,237	1,555	-10,805	-13,043	-10,398	-3,829	3,732	6,457	5,282	1,699	2,068	7,528	19,427	48,394	51,612	51,942	42,862	17,239	2,407	656	0	0	0
Prepaid expenses and other assets
-683	1,603	1,035	365	1,469	99	-499	-558	-1,093	29	-901	-2,729	-2,091	-5,494	-6,892	-5,608	-6,542	-2,160	2,500	2,330	-5,978	-7,448	-14,104	-12,512	-7,650	-4,024	-6,888	-8,887	-3,140	-22,608	-10,345	-1,685	-4,789	21,337	21,624	15,428	18,506	17,383	11,154	10,051	0	0	0
Accounts payable and accrued expenses
884	3,472	2,583	2,839	1,009	-20	-2,477	-2,956	-3,269	-4,227	-9,992	-7,938	-2,454	399	6,217	1,543	-149	-1,912	3,899	5,579	3,278	2,237	-6,741	-10,861	-9,979	-15,908	-20,879	-21,864	-20,924	-41,415	-50,865	-64,148	-68,721	-45,866	-17,814	-222	25,395	36,596	31,811	23,775	0	0	0
Deferred revenue
5,240	-1,469	-346	-2,773	-1,387	-3,716	-4,522	-1,888	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-	1,426	10,648	12,507	8,414	7,248	-3,946	-6,923	-2,673	4,265	7,558	7,873	-5,364	-21,426	-14,584	-6,660	3,679	9,977	7,792	3,015	2,063	9,060	3,883	-25,409	-26,387	-21,398	-16,888	15,408	16,434	7,021	0	0	0
Net cash (used in)/provided by operating activities
-22,851	8,634	43,734	42,714	43,193	12,307	-26,283	-24,827	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-48,459	-59,111	-94,859	-141,042	-140,053	-127,839	-62,116	-22,821	25,775	17,115	36,337	40,680	0	0	0
Net cash used in operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-3,584	-	-19,541	-29,074	-30,205	-32,676	-15,835	-9,857	-9,466	-13,267	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash flows from investing activities:
Purchase of property, plant and equipment
3,169	2,270	1,673	952	1,118	2,469	2,573	2,534	2,224	780	451	656	970	1,250	1,285	1,201	844	533	647	737	736	677	468	278	394	642	1,439	1,430	2,822	4,495	6,485	10,895	19,504	30,215	37,175	40,862	38,999	31,750	23,066	16,541	0	0	0
Proceeds from the sale of property, plant and equipment
0	0	0	-	-	-	-	16,910	32	26	24	29	32	55	55	47	28	17	20	18	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	157,905	85,647	66,730	84,600	81,980	0	0	0
Proceeds from the maturity of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,276	4,747	-869	19,417	110,117	168,035	200,418	171,441	104,830	66,211	41,495	60,568	59,387	0	0	0
Change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-431	-294	-2,689	-2,689	-2,669	-380	550	-2,136	-2,248	-4,699	-3,398	-726	-4,669	-7,695	-11,847	-14,587	-3,678	2,404	9,428	12,188	9,093	6,039	3,787	3,773	-247	-207	-2,401	-2,258	-1,602	0	0	0
Purchase of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,227	4,406	1,667	1,524	2,514	2,157	2,288	2,377	1,516	0	0	0
Purchase of minority investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,800	0	0	0	-	-	-	-	-	-	-	-
Advanced payment for planned acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20,551	0	0	0	-	-	-	-	-	-	-	-
Change in other assets
-99	-53	-1	144	247	16	43	15	28	39	-61	-63	-112	-147	-115	-266	-235	-383	-503	-280	11	-47	324	436	0	0	0	-	-	-	-	214	-432	-679	-952	-1,136	99	-335	-316	100	0	0	0
Net cash used in investing activities
-32,069	-6,089	4,594	2,169	16,008	14,707	15,525	15,602	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-293	-17,826	-3,262	63,337	28,260	8,690	-45,039	-104,833	-68,484	-65,385	-47,749	-39,996	0	0	0
Cash flows from financing activities:
Net cash provided by/(used in) investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	0	4,666	-	2,310	-683	2,012	1,809	3,966	2,830	-32	4,009	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Employee taxes paid related to net settlement of equity awards
565	565	501	456	456	396	238	274	274	274	303	490	490	491	473	110	111	110	131	401	400	400	368	57	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Employee taxes paid related to net settlement of equity awards
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	584	506	506	271	0	0	0	-	-	-	-	-	-	-	-
Proceeds from the issuance of debt, net of expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32,895	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-
Repayment of debt
-	-	-	-	-	-	-	1,575	1,575	2,742	3,742	3,167	4,167	4,000	4,000	4,000	4,000	5,654	6,853	7,295	7,448	5,948	4,903	4,615	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from public equity offering, net
-	-	-	-	-	-	-	-	16,952	16,952	16,954	0	0	1	1	22,282	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of employee stock options and ESPP
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	328	618	6,394	7,278	7,818	20,305	16,509	18,070	19,003	0	0	0
Proceeds from public equity offering, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by/(used in) financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	0	-4,442	-	18,238	28,141	30,599	8,783	12,793	15,906	13,374	12,796	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in)/provided by financing activities
5,760	-379	-344	-299	-295	-235	-65	15,278	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32,440	33,215	28,606	57	347	161,363	166,873	163,058	175,545	16,509	18,070	19,003	0	0	0
Effect of exchange rate changes on cash
187	65	-232	-635	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (decrease)/increase in cash, cash equivalents and restricted cash
0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes on cash
-	-	-	-	-	-	-	-	675	513	346	-393	204	151	10	324	-553	-491	-469	-540	-335	-67	140	333	114	167	50	-339	164	-653	-883	144	1,032	-1,318	6,323	785	-4,200	-2,376	-8,597	-2,767	0	0	0
Net increase in cash, cash equivalents and restricted cash
-	-	-	-	-	-	-	6,505	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase/(decrease) in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-12,546	-11,374	-7,310	-3,350	18,840	454	-2,107	1,937	-22,624	589	8,812	4,016	3,871	-7,063	-23,269	-27,879	-7,036	-16,148	-44,375	-70,398	-77,504	-110,416	40,896	66,041	36,189	128,638	-34,137	-1,939	16,920	0	0	0
Supplemental schedule of cash flow information:
Cash paid for income taxes, net of refunds
3,587	1,551	2,811	2,859	3,356	2,261	1,656	1,576	1,084	851	976	992	1,523	1,859	1,506	1,723	1,120	894	657	362	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for income taxes, net of refunds
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	16,256	24,578	24,466	16,434	20,177	19,859	14,645	12,387	0	0	0
Issuance of common stock to settle liabilities
464	458	453	457	333	337	345	350	362	372	382	399	380	392	377	377	378	384	391	1,715	18,099	18,104	24,006	24,407	16,421	24,051	19,712	18,896	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash contingent consideration in connection with acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,003	6,925	11,551	10,828	0	0	0
Issuance of common stock to settle liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	942	2,014	1,935	1,915	0	0	0
Cash paid for interest
-	-	-	-	-	-	-	-	-	-	214	280	373	505	597	709	999	1,069	1,214	1,362	1,328	1,274	1,142	990	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Hercules [Member]
Issuance of common stock to Hercules to settle warrant liability
0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-