Arts way manufacturing co inc (ARTW)
CashFlow / Quarterly
Feb'20Nov'19Aug'19May'19Feb'19Nov'18Aug'18May'18Feb'18Nov'17Aug'17May'17Feb'17Nov'16Aug'16May'16Feb'16Nov'15Aug'15May'15Feb'15Nov'14Aug'14May'14Feb'14Nov'13Aug'13May'13Feb'13Nov'12Aug'12May'12Feb'12Nov'11Aug'11May'11Feb'11
Cash flows from operations:
Net (loss) from continuing operations

-437,192

-168,396

-289,216

-356,042

-605,932

-1,387,956

-766,716

-653,979

-527,398

-648,459

41,647

-508,905

-253,642

-426,989

-149,678

16,936

133,549

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net (loss) from discontinued operations

-

-

-

-

-

0

0

-11,799

-39,054

-234,240

-18,441

-18,654

3,613

-130,467

-138,601

-73,497

-52,587

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

231,621

168,195

382,196

558,210

253,153

-258,312

191,482

26,394

514,246

819,254

556,158

979,450

935,981

193,498

422,893

1,019,830

290,749

-484,577

Adjustments to reconcile net (loss) to net cash provided by operating activities:
Stock based compensation

37,580

35,371

40,601

53,898

65,546

39,153

46,654

61,878

49,558

20,814

19,266

46,402

26,557

9,133

31,417

28,177

11,252

0

0

15,339

13,145

-

-

-

-

-

-

-

-

1

0

23,826

10,692

-

-

-

-

Realized foreign currency loss

-

-

-

-

-

0

0

-10,528

6,698

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized foreign currency gain (loss)

-

-

-

-

-

-

-

-

-

-

-

-

-11,022

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on disposal of property, plant, and equipment

1,251

-1

-303

-4,783

15,086

-7,247

0

3,188

8,896

24,497

-8,879

-9,482

-2,463

-9,078

-17,411

3,817

40,067

-124,535

8,085

314

-7,269

5,310

0

958

0

-1,776

-791

-25,783

630,028

-

-

-

-

-

-

-

-

Depreciation and amortization expense

227,456

229,473

224,735

260,261

289,072

278,667

273,182

219,103

189,654

185,707

174,255

171,598

170,789

155,063

164,813

178,788

173,303

209,087

153,491

229,958

229,454

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

228,241

212,989

146,165

188,208

171,084

199,000

205,118

210,214

186,917

190,661

159,238

188,640

190,871

181,420

Amortization expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,000

15,000

15,000

15,000

15,000

15,000

15,000

15,000

Bad debt expense (recovery)

10,215

-773

-5,075

-4,353

8,026

892

954

6,958

-16,002

-5,900

20,404

-10,553

5,601

-20,592

22,272

-14,791

17,046

-

-989

-4,386

7,626

-34,668

28,268

16,905

-5,966

3,636

651

-1,789

5,018

-

-

-

-

-

-

-

-

Deferred income taxes

125,253

-9,208

83,298

108,740

170,796

427,172

184,286

127,213

-207,645

252,342

-40,631

253,430

107,034

-35,030

47,379

18,853

-1,263

-6,217

114,224

58,125

14,787

-167,089

-15,003

25,003

0

-

-

-

-

7,765

90,908

-18,448

-38,504

-245,719

-22,688

68,000

70,000

Changes in assets and liabilities:
Accounts receivable

987,521

-823,188

-170,449

1,001,339

132,985

-603,162

66,909

255,068

-99,194

-511,725

499,476

467,955

44,089

-1,300,855

1,369,493

-1,112,268

585,088

170,862

-1,080,791

140,907

-167,643

-2,056,850

1,734,731

883,570

-594,980

539,398

98,993

-376,034

-32,945

-3,461,313

-1,195,998

4,328,537

1,068,758

-1,335,093

273,698

-229,515

807,660

Inventories

535,922

-984,407

-342,349

-103,422

-48,417

-411,665

-51,882

460,910

-898,217

-1,213,742

-774,819

721,906

-295,975

-137,517

-538,985

-115,662

-862,920

-833,703

524,114

-161,919

1,043,896

270,292

-1,049,297

-52,428

998,188

86,176

-1,347,905

693,225

-201,137

-304,837

-124,414

-570,588

1,130,456

112,505

-1,429,269

1,142,184

-372,131

Income taxes receivable

-

-

-

-

-

-

-

-

-

0

-249,419

-22,042

5,537

112,053

-157,275

1,012

-35,778

80,899

265,013

-7,904

-92,513

-11,917

-265,348

152,345

116,824

-

-

-

-

-

-

-

28,097

-

-

631,033

-360,645

Net investment in sales-type leases

-37,231

-35,590

-34,029

-40,645

-12,791

-52,179

-20,960

-25,474

375,455

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

191,484

-163,580

-31,596

-36,100

177,118

-50,646

-12,491

-237,830

150,301

5,582

-117,982

18,129

255,629

-141,402

43,947

-8,990

198,801

-257,312

-121,548

-10,940

330,677

-151,076

-290,221

-9,554

381,292

-26,661

-69,111

8,264

19,856

-45,863

32,424

-57,842

182,151

-99,033

-101,191

309,868

-156,488

Accounts payable

349,256

170,056

99,221

141,545

-7,571

-44,534

-211,214

128,336

255,821

-666,582

-53,318

843,061

80,634

-648,780

539,792

29,330

53,272

-613,744

232,047

-107,221

171,527

-123,756

-31,693

-26,788

250,684

-82,758

26,228

-230,052

438,467

-55,559

-986,023

239,080

1,115,086

-357,007

-260,548

364,648

-414,043

Contracts in progress, net

559,252

-1,872,886

416,471

1,195,472

-462,520

93,606

261,202

-278,211

26,065

-95,868

148,367

-24,804

59,422

163,118

-340,804

106,018

87,430

-158,882

-2,409

-128,678

91,316

167,870

-56,139

-30,618

22,243

256,441

-309,037

-459,044

-536,485

-852,704

354,235

1,265,345

347,410

-431,159

139,423

194,556

221,670

Customer deposits

116,906

-154,637

-252,286

-202,514

569,168

11,708

-474,981

-13,692

22,272

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer deposits

-

-

-

-

-

-

-

-

-

476,100

-518,742

-149,930

503,702

227,029

-226,355

-113,370

239,094

57,799

-597,689

-84,150

691,425

-25,980

-934,325

-226,100

1,134,311

-48,228

-796,405

-1,019,346

1,779,184

138,542

-1,386,000

-686,082

1,827,356

52,717

-1,791,611

-1,675,571

3,312,061

Income taxes payable

17,581

-

-

1,826

-4,371

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-344,606

145,390

-165,057

-457,028

-24,645

422,907

423,039

-350,997

295,456

55,540

0

-594,816

Accrued expenses

-36,982

176,929

160,282

32,379

-130,048

-341,022

401,945

-31,928

-117,269

-52,136

25,481

155,806

-166,649

75,031

-42,041

6,735

-212,033

33,574

-252,653

84,609

-173,280

75,749

-76,306

154,518

-288,108

-101,140

-178,302

225,476

-225,755

-205,781

409,544

657,520

-264,319

42,710

106,642

41,626

-208,800

Net cash provided by (used in) operating activities - continuing operations

-

-

-

-

-

-256,766

-435,661

-880,502

546,407

711,533

618,223

-923,341

323,585

1,016,897

-747,732

1,451,061

578,918

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) operating activities - discontinued operations

-

-

-

-

-

-2,393

0

-38,188

-51,509

86,427

-46,393

-596

-22,039

0

-78,821

120,833

40,620

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) operating activities

-960,128

431,111

892,706

197,343

-713,407

-259,159

-435,661

-918,690

494,898

797,960

571,830

-923,937

301,546

1,016,897

-826,553

1,571,894

619,538

245,445

-266,646

228,659

77,473

2,826,321

-434,954

-616,079

166,517

-698,649

421,941

-1,331,242

1,605,606

2,796,463

2,087,315

-592,936

713,429

1,516,568

983,217

-2,148,010

2,016,311

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

267,141

79,575

181,235

133,159

53,056

169,087

100,544

100,473

64,401

41,583

178,112

98,899

195,020

159,713

53,151

34,968

26,257

20,556

78,373

53,466

86,528

-18,173

40,040

179,179

432,032

157,315

474,540

66,269

144,000

266,475

329,994

97,528

105,601

128,998

296,261

149,196

284,869

Net proceeds from sale of assets

1,251

0

6,000

0

893,713

-1

23,291

0

29,316

26,325

4,966

0

12,190

243

2,650

200

1,170,642

18,000

6,450

0

14,456

-

-

-

-

-2

0

0

835,536

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities - continuing operations

-

-

-

-

-

-

-

-

-

-15,258

-173,146

-98,899

-182,830

-159,470

-50,501

-34,768

1,144,385

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by investing activities - discontinued operations

-

-

-

-

-

-

-

-

-

0

2,200

0

38,736

35,968

-10,631

0

-8,437

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-265,890

-79,575

-175,235

-133,159

840,657

-498,903

-77,253

1,318,288

-35,085

-15,258

-170,946

-98,899

-144,094

-123,502

-61,132

-34,768

1,135,948

-45,919

-82,180

-53,466

-72,072

33,085

-40,040

-178,221

-432,032

-3,182,220

-785,886

-65,944

691,211

-

-

-3,101,093

-105,601

-132,764

-296,261

-378,291

-284,869

Cash flows from financing activities:
Proceeds from line of credit borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,525,001

-8,033,386

1,523,000

Repayment of line of credit borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

246,965

10,339,035

-3,988,000

-8,948,000

3,292,000

Net change in line of credit

1,266,000

-331,000

-690,000

-42,000

136,000

812,000

569,000

164,000

-502,000

-1,271,584

0

700,000

-250,000

-150,000

1,332,504

-1,688,565

-169,481

-71,622

712,400

-154,489

904,261

-2,270,277

774,643

261,930

452,810

-

-

-

-

-

-

-

-

-

-

-

-

Payments of line of credit to bank

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

418,361

164,905

163,299

158,480

153,011

152,274

148,158

Repayment of term debt

20,776

20,511

20,249

21,028

252,697

55,314

54,820

55,468

53,827

2,273,563

187,505

181,961

182,119

180,732

179,376

178,631

1,372,767

293,134

229,712

321,021

316,909

314,503

312,951

311,913

308,330

305,611

356,632

279,115

272,192

-

-

-

-

-

-

-

-

Repurchases of common stock

19,064

1,925

6,578

0

10,820

0

0

0

21,310

0

0

436

5,989

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from the exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,680

27,799

-1

38,951

Dividends paid to stockholders

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

0

202,428

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities - continuing operations

-

-

-

-

-

756,686

514,180

108,532

-577,137

-945,147

-187,505

517,603

-438,108

-330,732

1,153,128

-1,867,196

-1,542,248

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) financing activities - discontinued operations

-

-

-

-

-

0

0

-597,322

-2,262

-18,431

-32,895

-32,754

-32,281

0

-31,793

-31,683

-31,313

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

1,226,160

-353,436

-716,827

-63,028

-127,517

756,686

514,180

-488,790

-579,399

-963,578

-220,400

484,849

-470,389

-330,732

1,121,335

-1,898,879

-1,573,561

-395,835

390,642

-475,510

384,924

-2,584,780

461,692

957,777

144,480

2,655,254

-325,762

-50,776

-272,192

-1,319,219

-1,712,149

3,668,205

-410,264

-1,870,160

-196,824

2,471,111

-1,878,207

Effect of exchange rate changes on cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash

142

-1,900

644

1,156

-267

-1,376

1,266

-89,192

-119,586

-180,876

180,484

-537,987

-312,937

562,663

233,650

-361,753

181,925

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-55,190

-146,765

Net increase (decrease) in cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-196,309

41,816

-300,317

390,325

274,626

-13,302

163,477

-121,035

-1,225,615

-689,707

-1,447,962

2,024,625

1,210,769

45,172

-25,824

197,564

-

-

-

-

Supplemental disclosures of cash flow information:
Interest

77,238

76,216

82,148

89,806

81,186

60,821

82,823

66,639

75,787

71,989

99,127

76,865

71,338

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

72,829

61,187

61,463

79,357

86,281

81,445

79,943

80,860

82,744

97,162

122,625

53,939

67,059

60,379

79,739

89,463

79,919

133,100

104,401

94,317

110,210

120,073

103,841

98,007

Income taxes

1,093

0

0

3,595

260

1,637

-1,637

4,399

838

5,627

0

-3,125

3,125

0

358

4,514

0

-

-

-

-

3,143

5,023

258,920

32,902

410,175

-122,597

457,742

899,200

601,688

7,026

0

436,900

-180,059

24,353

0

640,850