AROTECH CORP ARTX Cash Flow

Arotech corp (ARTX)

CashFlow / TTM

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
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)
-627	176	-132	1,869	9,029	9,076	8,398	7,034	-2,615	-2,767	-2,972	-2,848	-409	-1,663	-3,106	-2,945	-3,031	-2,035	1,990	3,486	2,584	3,067	2,762	2,152	3,189	2,825	-1,553	-3,016	0	0	0	-	-	-	-	-	0	0	0
Adjustments required to reconcile net income (loss) to net cash (used in) provided by operating activities:
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Loss from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Depreciation
2,058	2,041	2,002	1,990	2,023	1,933	1,897	1,835	1,744	1,783	1,801	1,789	1,798	1,803	1,779	1,851	1,817	1,780	1,734	1,558	1,446	1,307	1,205	1,196	1,121	1,116	1,108	1,087	1,119	1,120	1,108	1,103	911	930	970	1,016	0	0	0
Amortization of intangible assets
1,310	1,421	1,532	1,677	1,775	1,892	2,022	2,205	2,439	2,628	2,805	2,875	2,922	2,943	2,950	3,043	3,154	3,301	3,483	2,696	0	0	0	-	-	-	-	-	-	-	-	1,905	-1,559	-1,594	-1,655	-1,710	0	0	0
Amortization of intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,112	1,134	1,160	1,185	893	605	319	39	68	101	132	162	0	0	0
Stock based compensation
578	791	806	779	604	418	423	421	401	422	493	878	932	936	955	622	1,494	1,488	1,441	1,411	436	527	468	437	670	496	482	447	334	394	430	408	582	572	664	741	0	0	0
Adjustment to value of warrants and embedded features on the senior convertible notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	161	41	-21	-66	-232	0	0	0
Loss from sale of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax provision
312	317	343	463	-5,647	-5,563	-5,469	-5,468	914	914	914	836	836	994	915	914	836	599	599	598	597	597	597	598	598	598	598	598	1,741	1,758	1,708	1,658	-350	-360	-325	-285	0	0	0
(Gain) on dispositions, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Severance pay, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Trade receivables
3,359	1,616	-2,088	-2,536	281	-1,060	-3,689	1,857	-3,703	-1,302	2,612	-659	854	1,333	-1,744	-194	1,262	1,864	-1,059	2,529	-1,612	-9,407	539	2,723	3,808	8,306	6,863	-2,244	2,331	1,114	-312	-186	-6,464	-3,035	-2,918	-891	0	0	0
Contract assets
9,149	12,692	7,439	5,501	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unbilled receivables
-	-	-	-	-	-	-	-	-	0	-417	-	998	-4,650	-4,675	-3,804	-8,334	-8,207	-2,798	-2,337	1,466	2,449	-5,038	-4,910	-5,646	-1,564	4,199	7,651	8,657	7,000	3,111	2,441	3,762	3,452	5,113	861	0	0	0
Inventories
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	238	-133	-22	41	-192	-192	-266	-241	-366	-293	-217	-186	0	0	0	-	-	-	-
Other accounts receivable and prepaid expenses
-3,917	-2,965	758	-44	1,055	-2	-493	252	148	618	1,096	1,176	903	85	-422	-148	-81	-244	-378	-582	-185	872	719	219	108	-315	-250	-277	26	94	-2	416	0	0	0	-	-	-	-
Other accounts receivable and prepaid expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Inventories
-830	-539	509	1,295	-330	-889	-991	-2,067	-787	613	-281	652	0	0	0	-	-	-	-	-	-	0	0	-	-365	-572	613	530	1,037	1,296	1,670	1,735	-477	-378	-1,717	-332	0	0	0
Severance pay, net
180	193	216	329	-75	-33	-366	1,894	1,207	855	1,258	-1,210	-396	-62	-336	-43	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trade payables
1,987	2,446	1,076	866	-214	368	27	1,282	1,449	1,482	64	-1,532	-85	-1,429	614	-858	29	301	-1,780	-1,143	-3,895	-5,175	-4,670	-2,049	-3,245	-3,663	3,296	462	1,662	7,724	2,008	3,437	5,108	-404	-525	642	0	0	0
Other accounts payable and accrued expenses
578	402	-560	-154	408	-93	-424	1,252	14	-616	451	-103	2,649	2,619	131	-944	-3,637	-2,728	-487	6	1,187	1,156	1,472	1,805	1,416	630	-85	622	-171	-1,217	-904	-2,026	-426	187	-87	112	0	0	0
Contract liabilities
990	-618	250	276	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenues
-	-	-	-	-	-	-	-	-	0	-234	-	603	-65	-892	-946	-2,365	-1,023	-1,187	-464	1,157	-1,863	1,865	3,221	795	3,488	1,095	-221	-1,856	-534	-983	-1,749	1,091	-1,247	-831	1,442	0	0	0
Net cash (used in) provided by operating activities
-704	-3,970	-1,468	3,272	4,444	5,703	4,344	1,904	2,987	229	-934	2,641	6,436	9,789	9,883	4,351	3,345	4,962	7,046	7,402	6,540	8,277	10,506	10,200	7,644	352	-6,128	-4,403	-11,141	-2,713	-3,532	-5,816	3,706	1,553	7,331	9,196	0	0	0
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment
2,556	2,618	1,953	1,774	2,433	2,321	4,526	4,824	4,180	3,907	1,778	1,555	0	0	0	-	-	-	-	-	-	-	-	-	1,736	1,909	1,548	950	0	0	0	-	-	-	-	1,252	0	0	0
Additions to capitalized software
1,916	1,735	1,683	937	862	703	532	588	467	464	391	364	214	565	565	537	663	316	316	377	65	61	61	3	178	178	338	334	518	541	398	406	0	0	0	-	-	-	-
Investment in marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Decrease in restricted collateral deposits
-	-	-	-	-	-	-	-	-	-	-	-	-6	-175	-170	-146	-5	-9	-261	-262	-285	-242	6	312	433	398	391	-1,493	-1,586	-1,595	-1,916	6	-48	171	397	55	0	0	0
Purchase of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	953	920	920	920	25	0	0	0	-	-	-	-	-	-	-	-	12	0	0	0	-	-	-	-
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	44	162	162	138	148	-11	104	89	-114	0	0	0	-	-	-	-
Net cash used in investing activities
-4,379	-4,259	-3,542	-2,617	-3,229	-2,991	-5,025	-5,378	-4,510	-4,366	-2,164	-1,888	-1,907	-2,033	-2,274	-1,439	-1,913	-1,705	-30,539	-31,326	-30,570	-30,244	-1,143	-1,946	-2,172	-2,310	-2,124	370	357	-1,328	-837	-2,749	-3,300	-1,779	-2,401	-1,971	0	0	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from long term debt
1,917	220	220	0	0	0	0	-	-	-	-	11,000	11,000	11,000	10,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of long term debt
2,205	2,238	2,233	2,253	2,248	2,271	2,142	1,842	1,586	1,208	1,058	16,682	17,934	18,829	19,490	5,096	4,925	4,909	4,586	3,110	1,755	684	353	878	0	0	0	-	1,189	347	373	816	-278	1,011	1,099	1,056	0	0	0
Other financing activities
-118	-118	-112	-54	-54	-54	-54	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in short term bank credit
5,560	6,480	3,480	408	1,696	1,740	417	2,119	-4,331	-495	852	-1,086	1,649	-2,133	1,193	4,026	4,248	2,634	1,286	33	-2,204	-6,389	-9,518	-9,787	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Proceeds from sale of common stock, net of offering costs
-	-	-	-	-	-	-	-	-	-	-	2,952	2,952	2,952	2,952	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in short term bank credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,130	0	0	0	-	-	-	0
Proceeds from sale of common stock, net of offering costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	113	181	227	242	193	0	0	0
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-49	-58	-58	-70	-393	-555	-198	-56	293	0	0	0	-	-	-	-
Discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-318	-629	-1,088	-165	0	0	0	-	-	-	0	-	-	-	-
Net cash provided by (used in) financing activities
5,153	4,344	1,354	-1,899	-606	-585	370	2,426	-3,768	445	794	-3,816	-4,831	-9,510	-7,843	-3,569	-906	8,194	29,669	29,891	30,114	21,755	-3,573	-4,377	-1,426	1,549	6,749	3,532	9,831	4,376	4,142	4,619	-1,985	-531	-4,528	-2,891	0	0	0
INCREASE (DECREASE) IN CASH, RESTRICTED CASH, AND CASH EQUIVALENTS
69	-3,885	-3,656	-1,243	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
CASH DIFFERENCES DUE TO EXCHANGE RATE DIFFERENCES
102	103	190	200	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
CASH DIFFERENCES DUE TO EXCHANGE RATE CHANGES
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	256	0	0	0	-	-35	-120	-118	-97	126	303	190	192	0	0	0
INCREASE (DECREASE) IN CASH, RESTRICTED CASH, AND CASH EQUIVALENTS
-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	4,045	-407	-1,504	-499	-952	334	-226	-3,946	-1,579	-757	401	4,333	0	0	0
CASH DIFFERENCES DUE TO EXCHANGE RATE DIFFERENCES
-	-	-	-	-	-	-	-	-	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	108	0	0	0	-	-	-	-
NET CHANGE IN CASH AND CASH EQUIVALENTS - DISCONTINUED
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	104	116	275	-31	150	-179	-18	459	0	0	0	-	-	-	-
Interest paid during the period
-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid during the period
-	-	-	-	-	-	-	-	-	0	686	-	912	1,018	1,087	1,084	1,143	1,187	1,152	1,004	701	467	384	420	497	462	410	400	262	209	164	160	145	260	359	443	0	0	0
Taxes paid on income during the period
-	-	417	-	-	-	151	169	262	274	189	221	195	256	315	679	601	688	666	256	0	0	0	-	-	-	-	-	-	-	-	160	0	0	0	-	-	-	-
Taxes paid on income during the period
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-
Note conversion to common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0