Axt inc (AXTI)
CashFlow / TTM
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)

-348

-1,588

-659

3,983

6,796

11,009

15,161

15,579

12,826

10,061

8,812

6,458

5,458

4,966

1,137

-1,027

-1,701

-2,533

-1,021

-198

239

-697

-1,592

-4,527

-6,689

-6,813

-6,298

-2,789

1,239

6,150

10,429

16,847

23,488

25,823

0

0

0

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

5,064

5,531

5,599

5,494

5,261

4,871

4,506

4,379

4,352

4,422

4,606

4,717

4,827

4,865

4,917

5,084

5,269

5,494

5,617

5,628

5,638

5,639

5,614

5,627

5,583

5,470

5,170

4,748

4,311

3,927

0

0

0

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Amortization of marketable securities premium

-29

-37

-64

-100

-133

-158

-169

-179

-189

-173

-133

-107

-83

-94

-135

-167

-201

-218

-248

-300

-365

-432

-476

-494

-494

-518

-497

-450

-398

-323

-309

-323

-341

-368

0

0

0

Impairment charge on equity investee

-

1,068

0

0

0

-

-

-

-

313

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

2,431

2,346

2,242

2,120

2,016

1,925

1,836

1,714

1,560

1,405

1,268

1,210

1,155

1,096

1,087

1,117

1,328

1,349

1,319

1,280

1,111

1,129

1,134

1,196

1,237

1,277

1,346

1,312

1,266

1,215

1,131

1,047

970

896

0

0

0

Provision for doubtful accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

211

211

211

158

9

251

574

870

869

0

0

0

-

-

-

-

-

-

-

-

Realized gain on sale of available-for-sale securities

-

-

-

-

-

-

-

-

-

77

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Realized gain on sale of available for sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

429

345

673

859

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Realized gain on sale of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Realized loss (gain) on sale of investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Loss on disposal of equipment

-

-72

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-17

-13

-6

-1

13

12

12

14

9

-12

-12

-166

-195

-212

-177

-35

-6

0

0

0

Gain from deconsolidation of a subsidiary

-

175

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from equity method investments, net

-542

-983

-1,816

-1,606

-1,307

-1,080

-328

-600

-1,095

-1,381

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) from equity method investments, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,752

-1,004

-194

462

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

4,403

-441

-5,612

-4,062

-1,286

-2,819

2,688

4,233

3,135

7,977

2,669

531

-1,532

-3,465

1,511

-867

1,247

1,076

-3,586

193

2,552

2,959

5,105

-190

221

-2,160

-61

-2,019

374

-54

-5,118

-618

-2,599

-5,165

0

0

0

Inventories

-2,937

-8,862

-8,280

-5,503

3,797

14,629

19,311

16,544

10,358

4,740

1,933

2,131

1,138

2,959

1,150

730

-57

45

1,908

3,566

1,364

-479

-1,692

-1,605

-775

-1,439

-1,735

-4,104

-3,278

-5,659

-4,441

1,100

2,036

9,839

0

0

0

Prepaid expenses and other current assets

-377

-2,936

-2,169

-2,345

5,076

4,600

5,214

4,120

1,634

2,309

551

406

624

1,223

1,774

1,630

0

-1,405

-2,237

-1,047

-1,933

-2,393

-3,161

-4,014

-2,679

645

1,869

948

447

-1,784

-1,626

-2,607

-104

3,313

0

0

0

Other assets

1,805

1,188

5,044

5,120

2,590

1,888

68

-35

362

52

-87

-94

-590

-458

-648

-620

-731

-542

-755

-818

-853

-946

-598

-7

86

-1

154

-24

193

174

-1,735

-299

-619

-426

0

0

0

Accounts payable

1,934

-3,137

-3,962

-7,849

-3,575

2,314

3,095

5,866

3,311

4,401

2,164

385

391

524

1,517

856

-907

-485

-3,404

687

1,489

-979

910

1,231

1,032

2,185

3,968

-502

2,389

2,608

0

0

0

-

-

-

-

Accounts payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Accrued liabilities

598

-4,010

-6,443

-3,732

-3,382

518

2,494

1,207

919

1,642

1,399

1,168

-117

205

-354

-425

-230

-1,085

-1,103

-1,008

-467

742

-1,860

-1,475

-1,432

-899

2,030

918

1,405

461

-290

169

-681

-197

0

0

0

Other long-term liabilities, including royalties

1,658

118

-66

-85

-444

-260

8

241

317

-85

-521

-747

-934

-871

-845

-970

-851

-813

-744

-695

-635

-833

-527

-456

-411

-373

-570

-583

-711

-900

-757

-809

-845

-781

0

0

0

Net cash used in operating activities

9,417

12,658

10,782

9,626

-1,240

3,218

398

4,948

9,137

8,615

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

25,669

25,859

26,157

18,132

0

0

0

Net cash provided by (used in) operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,240

-

3,507

1,169

3,411

3,497

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

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

21,022

21,792

20,219

26,845

31,599

40,539

39,088

41,445

32,937

21,356

17,085

2,864

2,201

2,728

2,842

3,671

4,269

4,150

4,105

3,545

2,484

1,971

2,879

3,565

4,238

5,424

6,047

6,560

7,304

7,079

8,480

10,103

11,439

13,102

0

0

0

Proceeds from sale of equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

5

5

10

13

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Purchases of available-for-sale securities

-

-

-

-

-

9,937

13,864

16,194

18,243

30,021

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of available-for-sale securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

10,527

11,998

12,621

12,787

13,526

16,764

12,407

11,828

11,347

4,448

5,407

14,092

17,982

20,970

21,447

12,116

8,225

6,638

7,028

13,951

0

0

0

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

13,109

22,189

21,948

18,320

14,670

19,550

20,030

22,450

20,460

14,750

14,510

15,388

17,316

13,516

12,316

10,855

9,202

14,309

17,239

22,758

22,025

13,928

10,998

6,360

6,536

12,486

12,726

12,768

12,330

6,900

6,901

5,696

6,956

16,179

0

0

0

Investments in non-marketable equity investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends received from equity method investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

305

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7,669

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-16,638

-8,328

-6,909

-10,952

-16,829

-30,827

-32,850

-35,062

-30,551

-36,458

0

0

0

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-10,962

-12,952

-16,067

-15,430

0

0

0

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

0

-

-

-

-

628

1,218

1,770

1,729

34,338

0

0

0

-

-

-

-

165

165

204

210

134

388

266

276

532

296

347

331

294

276

323

499

637

0

0

0

Proceeds from sale of previously consolidated subsidiary shares

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from short-term loan

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchases of the Company's common stock, including commission

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,287

0

0

0

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid by joint ventures to their minority shareholders

-

-

-

-

-

-

-

-

-

465

465

465

465

39

0

0

0

-

-

-

-

-

-

-

-

2,329

1,730

2,265

1,234

4,086

0

0

0

-

-

-

-

Net cash provided by (used in) financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,732

-

-2,274

-1,480

-573

-32

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Dividends paid by joint ventures

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash provided by financing activities

6,652

6,186

6,204

534

513

213

2,859

3,372

3,494

35,638

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-3,810

-3,228

-2,885

-999

0

0

0

Effect of exchange rate changes on cash and cash equivalents

-430

-150

-275

-174

-573

-430

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net increase (decrease) in cash and cash equivalents

-999

10,366

9,802

-966

-18,129

-27,826

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-1,426

-

-997

-1,580

-1,057

-1,100

-578

66

92

-81

123

206

345

543

364

249

106

136

205

524

678

729

0

0

0

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

31,445

-

3,476

-2,525

-8,218

-3,939

392

2,333

10,525

3,853

-1,930

4,348

-3,032

-5,673

-7,780

-9,322

-5,364

4,478

11,102

10,203

7,883

2,432

0

0

0