Axt inc (AXTI)
CashFlow / Quarterly
Mar'20Dec'19Sep'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'11
Cash flows from operating activities:
Net income (loss)

217

-1,808

-495

1,738

-1,023

-879

4,147

4,551

3,190

3,273

4,565

1,798

425

2,024

2,211

798

-67

-1,805

47

124

-899

-293

870

561

-1,835

-1,188

-2,065

-1,601

-1,959

-673

1,444

2,427

2,952

3,606

7,862

9,068

5,287

Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization

993

1,358

1,343

1,370

1,460

1,426

1,238

1,137

1,070

1,061

1,111

1,110

1,140

1,245

1,222

1,220

1,178

1,297

1,389

1,405

1,403

1,420

1,400

1,415

1,404

1,395

1,413

1,371

1,291

1,095

991

934

907

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

815

Amortization of marketable securities premium

-10

-11

-3

-5

-18

-38

-39

-38

-43

-49

-49

-48

-27

-9

-23

-24

-38

-50

-55

-58

-55

-80

-107

-123

-122

-124

-125

-123

-146

-103

-78

-71

-71

-89

-92

-89

-98

Impairment charge on equity investee

-

0

0

0

1,068

-

-

-

-

0

0

0

313

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

643

637

583

568

558

533

461

464

467

444

339

310

312

307

281

255

253

298

311

466

274

268

272

297

292

273

334

338

332

342

300

292

281

258

216

215

207

Provision for doubtful accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

61

150

0

0

8

1

242

323

304

0

-

-

-

-

-

-

-

-

Realized gain on sale of available-for-sale securities

-

-

-

-

-

-

-

-

-

0

0

0

77

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Realized gain on sale of available for sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

84

164

181

0

0

492

367

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Realized gain on sale of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Realized loss (gain) on sale of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4

Loss on disposal of equipment

-

-29

-13

1

-31

-

-

-

-

-

-

-

-

-

-

-

-

-1

-7

0

-9

3

0

5

5

2

0

7

0

-19

0

-147

-29

-36

35

-5

0

Gain from deconsolidation of a subsidiary

-

0

0

0

175

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from equity method investments, net

-120

-226

-204

8

-561

-1,059

6

307

-334

-307

-266

-188

-620

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) from equity method investments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-581

-400

-456

-315

167

410

200

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

4,691

1,435

-572

-1,151

-153

-3,736

978

1,625

-1,686

1,771

2,523

527

3,156

-3,537

385

-1,536

1,223

1,439

-1,993

578

1,052

-3,223

1,786

2,937

1,459

-1,077

-3,509

3,348

-922

1,022

-5,467

5,741

-1,350

-4,042

-967

3,760

-3,916

Inventories

-354

-590

-63

-1,930

-6,279

-8

2,714

7,370

4,553

4,674

-53

1,184

-1,065

1,867

145

191

756

58

-275

-596

858

1,921

1,383

-2,798

-985

708

1,470

-1,968

-1,649

412

-899

-1,142

-4,030

1,630

4,642

-206

3,773

Prepaid expenses and other current assets

2,042

341

1,593

-4,353

-517

1,108

1,417

3,068

-993

1,722

323

582

-318

-36

178

800

281

515

34

-830

-1,124

-317

1,224

-1,716

-1,584

-1,085

371

-381

1,740

139

-550

-882

-491

297

-1,531

1,621

2,926

Other assets

1,383

-1,920

-65

2,407

766

1,936

11

-123

64

116

-92

274

-246

-23

-99

-222

-114

-213

-71

-333

75

-426

-134

-368

-18

-78

457

-275

-105

77

279

-58

-124

-1,832

1,715

-378

69

Accounts payable

-484

1,856

2,337

-1,775

-5,555

1,031

-1,550

2,499

334

1,812

1,221

-56

1,424

-425

-558

-50

1,557

568

-1,219

-1,813

1,979

-2,351

2,872

-1,011

-489

-462

3,193

-1,210

664

1,321

-1,277

1,681

883

-

-

-

-

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,014

Accrued liabilities

-1,388

2,206

-1,552

1,332

-5,996

-227

1,159

1,682

-2,096

1,749

-128

1,394

-1,373

1,506

-359

109

-1,051

947

-430

304

-1,906

929

-335

845

-697

-1,673

50

888

-164

1,256

-1,062

1,375

-1,108

505

-603

525

-624

Other long-term liabilities, including royalties

1,547

72

-153

192

7

-112

-172

-167

191

156

61

-91

-211

-280

-165

-278

-148

-254

-290

-159

-110

-185

-241

-99

-308

121

-170

-54

-270

-76

-183

-182

-459

67

-235

-218

-395

Net cash used in operating activities

-6,104

5,321

1,390

8,810

-2,863

3,445

234

-2,056

1,595

625

4,784

2,133

1,073

-

-

-

-

-

-

-

-

-

-

-

-

-

4,414

-1,383

976

-

6,928

3,086

9,551

6,104

7,118

3,384

1,526

Net cash provided by (used in) operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-111

-

2,008

725

-473

1,247

-330

2,967

-387

-

-

-

-

-

-

-

-

-

-

-

-

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

2,139

7,823

5,743

5,317

2,909

6,250

12,369

10,071

11,849

4,799

14,726

1,563

268

528

505

900

795

642

1,334

1,498

676

597

774

437

163

1,505

1,460

1,110

1,349

2,128

1,973

1,854

1,124

3,529

3,596

3,190

2,787

Proceeds from sale of equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2

3

0

5

5

-

0

9

0

-

-

-

-

-

-

-

-

Purchases of available-for-sale securities

-

-

-

-

-

1

0

-2

9,938

3,928

2,330

2,047

21,716

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,909

3,737

4,138

-257

4,380

4,360

4,304

482

7,618

3

3,725

1

719

962

12,410

3,891

3,707

1,439

3,079

0

2,120

1,829

10,002

Proceeds from sales and maturities of available-for-sale debt securities

720

1,201

4,348

6,840

9,800

960

720

3,190

14,680

1,440

3,140

1,200

8,970

1,200

4,018

3,128

5,170

0

2,557

1,475

10,277

2,930

8,076

742

2,180

0

3,438

918

8,130

240

3,480

480

2,700

241

2,275

1,740

11,923

Investments in non-marketable equity investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

162

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends received from equity method investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

19

0

0

286

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

237

-

-3,157

-4,383

5,423

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-1,419

-6,622

-7,606

-991

6,891

-5,203

-11,649

-6,868

-7,107

-7,226

-13,861

-2,357

-13,014

-

-

-

-

-

-

-

-

-

-

-

-1,703

-

1,259

-1,145

-5,629

-

-2,200

-2,813

-1,503

-4,446

-4,190

-5,928

-866

Cash flows from financing activities:
Proceeds from common stock options exercised

441

-

-

-

-

364

86

112

66

954

638

71

32,675

-

-

-

-

0

89

0

76

0

128

6

0

254

6

16

256

18

57

0

219

0

104

176

357

Proceeds from sale of previously consolidated subsidiary shares

-

-

0

0

366

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from short-term loan

391

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchases of the Company's common stock, including commission

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

33

733

904

617

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid by joint ventures to their minority shareholders

-

-

-

-

-

-

-

-

-

0

0

0

465

0

0

0

39

-

-

-

-

-

-

-

-

599

0

1,198

532

0

535

167

3,384

-

-

-

-

Net cash provided by (used in) financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-39

-

-666

-984

-541

-83

128

-77

0

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid by joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,636

Net cash provided by financing activities

832

55

5,795

-30

366

73

125

-51

66

2,719

638

71

32,210

-

-

-

-

-

-

-

-

-

-

-

-

-

4

-1,467

-276

-

-478

-167

-3,165

0

104

176

-1,279

Effect of exchange rate changes on cash and cash equivalents

-140

301

-474

-117

140

176

-373

-516

283

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-6,831

-945

-895

7,672

4,534

-1,509

-11,663

-9,491

-5,163

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

91

-

-57

-526

105

-519

-640

-3

62

3

4

23

-111

207

87

162

87

28

-28

19

117

97

291

173

168

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

20,360

-

3,546

1,048

192

-1,310

-2,455

-4,645

4,471

3,021

-514

3,547

-2,201

-2,762

5,764

-3,833

-4,842

-4,869

4,222

125

5,000

1,755

3,323

-2,195

-451