AVIAT NETWORKS, INC. AVNW Cash Flow

Aviat networks, inc. (AVNW)

CashFlow / TTM

Apr'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Sep'18	Jun'18	Jun'18	Mar'18	Mar'18	Dec'17	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
Operating Activities
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent
-	-	0	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-	2,117	-	-	2,302	-	984	-	3,044	-585	-621	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-29,637	-15,950	-21,242	-20,208	-24,554	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Parent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-10,500	-12,000	-19,500	-24,100	-42,600	-76,300	-76,000	-90,500	0	0	0
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Amortization of identifiable intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	380	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of identifiable intangible assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	800	1,000	1,100	1,100	1,700	2,300	2,800	3,400	3,400	3,400	0	0	0
Depreciation and amortization of property, plant and equipment
-	-	0	-	-	-	0	0	-	-	-	0	-	0	0	-	0	0	0	-	0	0	7,346	-	7,139	7,139	7,339	7,139	6,700	6,200	5,400	5,600	5,600	5,700	5,700	4,900	5,300	6,500	6,700	8,600	0	0	0
(Provision) recovery from uncollectible receivables
0	0	0	-	0	0	0	0	-	-	-	0	-	0	0	-	0	0	1,264	-	1,480	659	1,058	880	635	1,435	935	835	900	300	1,500	2,500	3,300	4,000	4,500	3,900	0	0	0	-	-	-	-
Share-based compensation
1,642	1,593	1,694	1,723	2,064	2,141	2,219	2,219	-	2,357	-	2,289	-	2,319	2,227	2,111	1,965	1,860	1,801	1,836	1,869	2,109	2,080	2,187	2,321	2,221	2,521	3,421	4,500	5,300	6,400	6,400	6,200	6,200	5,700	5,200	5,100	5,000	5,000	4,800	0	0	0
Deferred tax assets, net
-2,365	-9,446	-9,621	-8,760	-7,202	-249	-3,502	-3,502	-	-3,155	-	-3,068	-	-2,998	639	75	-512	-473	-754	-334	-4,213	-4,136	-4,181	-4,711	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Deferred income tax expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Charges for inventory and customer service inventory write-downs
900	911	713	553	392	315	388	388	-	364	-	487	-	245	529	1,137	7,296	8,660	9,522	9,868	6,241	7,548	7,050	8,043	8,271	6,771	8,671	7,171	9,200	9,600	7,800	9,700	5,200	4,100	4,500	3,400	4,200	12,400	13,900	20,200	0	0	0
Gain on disposition of WiMAX business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	85	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposition of property, plant and equipment, net
2	1	1	-4	-67	-62	-82	-82	-	-75	-	-65	-	-44	-145	-153	-322	-760	-632	-827	-1,005	-588	-588	-384	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposition of the WiMAX business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,900	0	0	0	-	-	-	-
Loss on sale of NetBoss assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,600	0	0	0
Changes in operating assets and liabilities:
Accounts receivable
3,182	-4,295	-7,868	6,395	5,476	3,998	5,204	5,204	-	-2,828	-	-7,026	-	-13,777	-6,623	-18,178	-19,748	-18,479	-27,832	-17,023	-2,279	-3,319	-1,669	8,816	-8,138	8,262	-1,438	-8,238	1,100	-23,000	-21,000	-1,900	-23,500	-10,700	-10,900	-38,400	-31,500	-28,500	8,400	28,700	0	0	0
Unbilled receivables
0	0	0	-	0	0	0	0	-	-	-	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unbilled receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,805	-5,674	-9,652	-12,041	-12,709	-12,673	-5,782	-6,125	-5,617	-9,417	-6,317	-5,117	-600	19,100	9,000	3,100	-1,600	-9,000	-7,200	1,100	2,000	-5,100	600	-5,500	0	0	0
Inventories
3,884	4,609	2,388	-1,228	1,037	-3,675	-3,148	-3,148	-	-615	-	295	-	2,317	-1,632	-6,383	-7,004	-4,747	-1,502	4,995	630	3,303	-2,709	663	9,820	3,320	14,920	7,020	100	-11,900	-13,300	-13,600	-4,900	17,300	6,300	7,600	-10,000	-11,100	1,000	6,400	0	0	0
Customer service inventories
1,117	923	660	357	264	385	515	515	-	445	-	286	-	-99	-144	-90	-498	-694	-1,689	-2,419	-2,631	-2,318	-2,108	-2,285	-2,909	-2,609	-1,809	-1,509	0	-800	-1,500	-900	-1,600	-1,000	-800	-700	8,300	8,400	10,200	10,900	0	0	0
Accounts payable
4,290	2,830	-1,727	5,074	3,128	2,784	368	368	-	-2,225	-	1,336	-	347	4,989	608	-4,102	-8,086	-20,811	-13,976	-3,839	-5,048	2,545	1,562	161	2,461	-139	-2,739	-100	1,300	-12,000	-7,100	-19,300	-3,300	-5,500	-18,300	-4,700	-38,700	9,800	13,000	0	0	0
Accrued expenses
640	-147	-1,598	-2,585	256	1,709	2,638	2,638	-	2,772	-	-288	-	-1,892	-752	-1,310	-1,494	-1,211	-2,212	-599	-4,736	-9,218	-4,398	-4,140	-952	-3,052	-4,152	-6,452	-2,300	4,700	2,800	-1,500	-8,300	-13,000	-11,100	-6,200	-13,400	5,500	1,400	2,300	0	0	0
Advance payments and unearned revenue
0	0	0	-	0	0	0	0	-	-	-	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Advance payments and unearned income
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-11,801	-13,624	-7,460	-4,425	-933	9,171	-7,247	4,666	7,802	3,602	20,402	14,602	3,000	-16,200	-10,900	-14,100	-7,900	15,500	100	-4,600	-7,100	-3,900	8,700	8,500	0	0	0
Income taxes payable or receivable
1,344	1,999	1,797	338	1,691	1,624	1,795	1,795	-	1,253	-	129	-	215	363	1,415	1,883	1,698	2,153	2	0	0	0	-	-	-14,940	-13,240	-11,940	15,500	13,800	10,500	10,100	-4,300	-2,200	400	100	-2,200	-7,800	0	-1,900	0	0	0
Reserve for uncertain tax positions and deferred taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	-	-	-	-	-	-	-
Other assets and liabilities
1,671	1,887	-959	920	-983	-1,785	1,011	1,011	-	652	-	1,584	-	2,806	2,441	3,640	3,303	2,170	479	-2,126	-1,198	-1,909	569	1,833	3,521	3,921	3,121	-1,979	-6,500	-4,700	-2,900	100	-800	900	-1,100	-4,400	-4,700	-9,400	-8,800	-2,600	0	0	0
Net cash provided by operating activities
12,229	14,315	15,403	2,944	6,270	-1,528	-3,505	-3,505	-	8,209	-	3,265	-	10,254	11,026	9,405	6,702	2,298	1,861	356	6,975	5,882	-3,120	-9,598	-6,652	-20,752	-29,352	-29,252	-29,200	-12,700	13,000	8,400	14,700	19,400	5,400	8,400	3,100	-8,500	-10,200	-41,500	0	0	0
Investing Activities
Cash received from sale of NetBoss assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,800	0	0	0
Payments related to disposition of WiMAX business, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	1,000	1,500	0	0	0	-	-	-	-
Payments for acquisition of property, plant and equipment
5,108	4,427	4,746	5,246	5,598	6,457	6,987	6,987	-	6,563	-	5,874	-	4,510	4,076	4,021	3,472	3,668	2,501	1,574	1,990	2,052	2,889	3,693	4,614	6,414	6,814	9,414	12,300	12,200	12,900	10,400	7,400	6,100	4,400	5,900	6,400	7,200	8,700	7,200	0	0	0
Additions of capitalized software related to NetBoss assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	800	0	0	0
Net cash used in investing activities
-5,108	-4,427	-4,746	-5,246	-5,334	-6,193	-6,723	-6,723	-	-6,299	-	-5,891	-	-4,527	-4,093	-4,038	-3,694	-3,890	-2,723	-1,796	-1,990	-2,052	-2,889	-3,693	-4,614	-6,414	-6,814	-9,414	-12,300	-12,300	-12,900	-10,500	-7,900	-6,400	-5,400	-7,400	-7,500	-8,500	-9,800	-4,200	0	0	0
Financing Activities
Proceeds from borrowings
36,000	36,000	36,000	36,000	36,000	36,000	36,000	36,000	-	36,000	-	36,000	-	35,000	34,000	33,000	33,000	34,000	35,000	36,000	39,000	54,000	58,000	54,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of borrowings
36,000	36,000	36,000	36,000	36,000	36,000	36,000	36,000	-	36,000	-	35,000	-	34,000	33,000	33,000	34,000	35,000	36,000	36,000	39,000	54,000	55,000	51,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from short-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Repayments of short-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,000	0	0	0
Repayments of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	4,100	3,500	2,400	1,400	0	0	0	-	-	-	-
Payments for repurchase of common stock
0	0	0	-	1,878	1,444	397	397	8	-	-	0	-	0	0	-	-	-	-	-	-	-	-	140	144	144	144	144	100	200	200	100	0	0	0	-	-	-	-	-	-	-	-
Payments for taxes related to net settlement of equity awards
874	881	1,417	671	0	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock under employee stock plans
16	45	29	35	35	9	23	23	-	20	-	27	-	27	26	21	11	9	9	13	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-3,076	-3,117	-4,063	-2,952	-2,404	-1,971	-374	-374	-	12	-	1,027	-	1,027	1,026	21	-989	-991	-991	13	-16	-18	2,979	2,873	2,902	2,902	2	-2,798	-3,700	-4,700	-5,800	-3,900	-3,900	-3,300	-2,300	-1,300	-400	200	200	1,200	0	0	0
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
-899	-274	-560	-309	-1,092	-963	-697	-697	-	-727	-	149	-	321	-96	-244	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash, cash equivalents, and restricted cash
3,146	6,497	6,034	-5,563	-2,560	-10,655	-11,299	-11,299	-	1,195	-	-1,450	-	7,075	7,863	5,144	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes on cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-4,177	-	-4,146	-1,746	-746	254	-200	-400	-100	0	-500	800	-200	-1,900	-400	-1,300	-400	1,000	0	0	0
Net Increase in Cash and Cash Equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-6,581	-	-12,510	-26,010	-36,910	-41,210	-45,400	-30,100	-5,800	-6,000	2,400	10,500	-2,500	-2,200	-5,200	-18,100	-20,200	-43,500	0	0	0