Arotech corp (ARTX)
CashFlow / Quarterly
Sep'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'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)

-63

392

-1,407

450

740

83

595

7,609

788

-594

-768

-2,040

635

-799

-643

398

-617

-2,242

-482

311

378

1,782

1,014

-590

861

1,477

404

446

498

-2,901

-1,059

-

-

-

-

-

-1,107

360

91

Adjustments required to reconcile net income (loss) to net cash (used in) provided by operating activities:
Loss from discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-549

-603

-1,684

-

-

-

-

Loss from continuing operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-976

-1,467

-958

-

-

-

-

Depreciation

522

518

493

524

505

479

481

557

415

443

419

466

454

460

407

475

459

436

479

441

422

390

303

329

284

288

294

254

279

280

273

286

281

267

268

94

300

307

314

Amortization of intangible assets

280

280

370

378

391

391

514

476

509

521

697

710

698

698

768

757

720

705

860

868

867

887

74

-

-

-

-

-

-

-

-

472

477

478

476

-2,991

442

417

421

Amortization of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

270

273

276

291

292

299

301

0

4

13

21

29

37

44

51

Stock based compensation

88

66

135

287

301

81

108

112

116

86

106

92

137

156

491

146

140

175

158

1,018

135

128

129

43

226

68

98

276

52

55

63

163

112

91

41

337

102

183

118

Adjustment to value of warrants and embedded features on the senior convertible notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

145

-102

118

-120

83

-147

-48

Loss from sale of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

895

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred tax provision

140

107

107

-43

144

134

227

-6,154

228

228

228

228

228

228

150

228

386

149

149

150

149

149

148

149

149

149

149

149

149

149

149

1,292

166

99

99

-716

156

134

139

(Gain) on dispositions, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

840

0

-57

-

-5

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Severance pay, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

185

Trade receivables

1,591

3,770

-4,458

2,455

-151

66

-4,907

5,273

-1,493

-2,562

639

-286

906

1,352

-2,632

1,227

1,385

-1,724

-1,082

2,684

1,987

-4,648

2,506

-1,458

-5,807

5,298

4,689

-372

-1,309

3,856

-4,417

4,203

-2,526

2,428

-4,291

-2,074

901

2,546

-2,264

Contract assets

-471

3,122

4,452

2,046

3,070

-2,129

2,513

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unbilled receivables

-

-

-

-

-

-

-

-

-

661

-1,615

-

3,718

-1,798

-2,353

1,431

-1,930

-1,822

-1,482

-3,099

-1,803

3,586

-1,021

705

-820

-3,901

-893

-31

3,260

1,863

2,558

975

1,604

-2,025

1,888

2,296

1,293

-364

-2,364

Inventories

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47

834

-719

-

340

-117

-132

148

-31

-6

-69

-85

-31

-80

-43

-210

41

-5

-12

-

-

-

-

Other accounts receivable and prepaid expenses

-6

-2,926

256

-1,239

944

797

-546

-139

-114

306

199

-243

355

784

279

-516

-461

276

553

-449

-624

142

350

-52

433

-10

-150

-163

8

54

-177

140

77

-43

241

-

-

-

-

Other accounts receivable and prepaid expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19

Inventories

-331

-215

-460

178

-41

832

324

-1,447

-599

731

-751

-167

800

-163

182

-

-

-

-

-

-

481

-1,542

-

739

-658

428

-875

532

528

344

-367

790

902

409

-2,580

889

-436

1,795

Severance pay, net

-26

34

-145

316

-13

58

-32

-87

27

-273

2,228

-773

-324

128

-241

40

9

-145

52

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Trade payables

579

942

-82

547

1,039

-427

-292

-533

1,621

-767

961

-366

1,654

-2,185

-635

1,080

310

-141

-2,107

1,968

582

-2,223

-1,470

-783

-697

-1,718

1,150

-1,979

-1,116

5,241

-1,683

-779

4,945

-473

-255

891

-567

-594

912

Other accounts payable and accrued expenses

1,130

429

-1,896

914

954

-533

-1,489

1,476

452

-863

187

238

-177

204

-367

2,991

-208

-2,284

-1,443

297

700

-42

-949

1,478

669

273

-616

1,090

-117

-442

91

296

-1,163

-128

-1,030

1,896

-549

-403

-830

Contract liabilities

1,074

-320

-303

540

-534

548

-278

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenues

-

-

-

-

-

-

-

-

-

-416

-1,059

-

62

149

-1,283

1,674

-606

-677

-1,336

255

735

-841

-613

1,877

-2,285

2,887

742

-548

407

493

-574

-2,183

1,729

44

-1,339

656

-609

459

934

Net cash (used in) provided by operating activities

2,999

-1,367

-2,226

-109

-266

1,133

2,514

1,061

993

-225

75

2,144

-1,764

-1,390

3,651

5,939

1,588

-1,296

-1,879

4,933

3,205

786

-1,523

4,071

4,942

3,016

-1,828

1,514

-2,349

-3,464

-103

-5,223

6,077

-4,283

-2,387

4,299

3,925

1,494

-522

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment

628

986

510

432

689

321

330

1,091

578

2,526

629

447

304

397

405

-

-

-

-

-

-

-

-

-

25

370

900

439

198

9

302

-

-

-

-

712

202

187

149

Additions to capitalized software

342

296

745

531

161

244

0

456

2

73

55

336

0

0

27

186

350

0

0

312

4

0

61

0

0

0

3

175

0

159

0

359

22

16

8

-

-

-

-

Investment in marketable securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-391

-8

-

-

-

-

Decrease in restricted collateral deposits

-

-

-

-

-

-

-

-

-

-

-

-

165

0

-26

-145

-3

4

-2

-5

-7

-247

-2

-29

36

2

302

92

0

-5

-1,581

-0

-8

-326

341

-55

211

-100

0

Purchase of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-634

-470

-

-390

-606

-300

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

58

0

0

895

25

0

0

0

-

-

-

-

-

-

-

-

2,446

-1,987

-359

-87

-

-

-

-

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

44

117

-0

-23

54

-42

115

-38

-149

-

-

-

-

Net cash used in investing activities

-971

-1,283

-1,255

-869

-851

-565

-330

-1,480

-614

-2,599

-684

-613

-469

-397

-407

-631

-595

-639

426

-1,105

-387

-29,473

-360

-349

-61

-372

-1,162

-575

-199

-187

1,333

-588

-1,884

303

-579

-1,139

-364

-318

-149

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from long term debt

1,697

0

220

0

0

0

0

-

-

-

-

0

0

1,000

10,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of long term debt

527

570

543

563

560

565

563

558

583

436

264

302

205

285

15,889

1,553

1,100

946

1,495

1,383

1,084

623

19

27

13

292

543

-

20

-17

31

1,154

-821

9

473

59

468

97

429

Other financing activities

0

-5

-112

0

0

0

-54

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in short term bank credit

-1,717

2,348

4,203

726

-796

-652

1,131

2,014

-752

-1,975

2,833

-4,436

3,083

-627

893

-1,700

-700

2,700

3,726

-1,478

-2,313

1,352

2,473

-3,716

-6,498

-1,776

2,203

-

1,946

3,125

-1,202

-

-

-

-

-

-

-

-

Proceeds from sale of common stock, net of offering costs

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,952

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in short term bank credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-6,582

4,685

-2,809

575

-

-

-

-986

Proceeds from sale of common stock, net of offering costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

23

31

58

68

68

46

9

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-9

-31

-9

-8

-8

-43

-331

-170

348

97

18

-

-

-

-

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-23

38

-323

-9

-334

-420

598

-

-

-

326

-

-

-

-

Net cash provided by (used in) financing activities

-547

1,771

3,766

162

-1,357

-1,218

513

1,455

-1,335

-262

2,569

-4,738

2,878

86

-2,042

-5,753

-1,800

1,753

2,231

-3,091

7,299

23,228

2,454

-2,868

-1,059

-2,100

1,650

83

1,916

3,099

-1,565

6,381

-3,538

2,865

-1,089

-223

-2,084

-1,131

547

INCREASE (DECREASE) IN CASH, RESTRICTED CASH, AND CASH EQUIVALENTS

1,480

-879

284

-816

-2,474

-650

2,697

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

CASH DIFFERENCES DUE TO EXCHANGE RATE DIFFERENCES

-12

11

24

79

-11

98

33

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

CASH DIFFERENCES DUE TO EXCHANGE RATE CHANGES

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

63

82

30

81

-

-20

59

-13

-60

-105

61

6

163

71

-51

8

INCREASE (DECREASE) IN CASH, RESTRICTED CASH, AND CASH EQUIVALENTS

-

-

-

-

-

-

-

-

-

-3,087

1,960

-

644

-1,702

1,201

-

-807

-182

778

-

10,117

-5,457

570

-

3,821

543

-1,341

1,022

-632

-553

-336

569

654

-1,115

-4,056

2,937

1,476

44

-124

CASH DIFFERENCES DUE TO EXCHANGE RATE DIFFERENCES

-

-

-

-

-

-

-

-

-

-362

-541

-

-218

184

-395

-

-251

307

-111

-

-287

53

-15

-

-

-

-

-

-

-

-

41

126

-29

-29

-

-

-

-

NET CHANGE IN CASH AND CASH EQUIVALENTS - DISCONTINUED

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6

2

56

37

19

161

-250

219

-310

323

227

-

-

-

-

Interest paid during the period

-

-

201

-

-

-

220

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid during the period

-

-

-

-

-

-

-

-

-

176

162

-

192

193

188

338

298

262

185

397

341

227

37

94

108

143

73

171

73

91

64

32

21

46

59

18

135

145

143

Taxes paid on income during the period

-

-

2

-

-

-

0

17

39

94

18

110

51

9

51

84

111

68

414

6

198

47

3

-

-

-

-

-

-

-

-

0

152

0

8

-

-

-

-

Taxes paid on income during the period

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10

-

40

0

0

-

-

-

-

-

-

-

-

Note conversion to common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

382

43