| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 | Dec'17 | Sep'17 | Jun'17 | Mar'17 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||||
Net income (loss) | ||||||||||||
-16,098,000 | 94,000 | 117,000 | -11,000 | 71,000 | 302,000 | 38,000 | -38,000 | -19,000 | -80,000 | -357,000 | -20,000 | 66,000 |
Adjustments to reconcile net income (loss) to net cash flows from operating activities: | ||||||||||||
Depreciation and amortization | ||||||||||||
355,000 | 353,000 | 356,000 | 359,000 | 350,000 | 353,000 | 353,000 | 392,000 | 388,000 | 387,000 | 426,000 | 158,000 | 132,000 |
Goodwill impairment | ||||||||||||
14,773,000 | - | - | - | 0 | - | - | - | - | - | - | - | - |
Intangible assets impairment | ||||||||||||
725,000 | - | - | - | 0 | - | - | - | - | - | - | - | - |
Property, plant and equipment impairment | ||||||||||||
218,000 | - | - | - | 0 | - | - | - | - | - | - | - | - |
Inventory impairment | ||||||||||||
160,000 | - | - | - | 0 | - | - | - | - | - | - | - | - |
Provision (benefit) for deferred income taxes | ||||||||||||
- | - | - | - | - | 63,000 | -12,000 | -67,000 | -233,000 | -304,000 | 0 | 86,000 | -115,000 |
Changes in operating assets and liabilities: | ||||||||||||
Current receivables | ||||||||||||
-179,000 | 208,000 | 148,000 | 23,000 | 204,000 | 168,000 | 1,000 | 160,000 | -125,000 | 940,000 | 149,000 | 83,000 | 18,000 |
Inventories | ||||||||||||
140,000 | -124,000 | 21,000 | 83,000 | 220,000 | 4,000 | 53,000 | 148,000 | 134,000 | -223,000 | -19,000 | -152,000 | -24,000 |
Accounts payable | ||||||||||||
-182,000 | 300,000 | -97,000 | 139,000 | -93,000 | 336,000 | 140,000 | 217,000 | 101,000 | 219,000 | 6,000 | 94,000 | -16,000 |
Progress collections and deferred income | ||||||||||||
311,000 | 437,000 | 288,000 | 360,000 | 62,000 | 171,000 | -61,000 | -13,000 | -124,000 | -201,000 | 74,000 | -36,000 | -130,000 |
Contract and other deferred assets | ||||||||||||
-15,000 | 14,000 | 17,000 | 90,000 | -61,000 | -76,000 | 73,000 | 14,000 | -140,000 | -119,000 | 341,000 | -5,000 | 222,000 |
Other operating items, net | ||||||||||||
-162,000 | -174,000 | 111,000 | 157,000 | 211,000 | 8,000 | 91,000 | 30,000 | -50,000 | -352,000 | -126,000 | 399,000 | 67,000 |
Net cash flows from (used in) operating activities | ||||||||||||
478,000 | 1,357,000 | 360,000 | 593,000 | -184,000 | 1,089,000 | 240,000 | 139,000 | 294,000 | -214,000 | -196,000 | -43,000 | -346,000 |
Cash flows from investing activities: | ||||||||||||
Expenditures for capital assets | ||||||||||||
365,000 | 367,000 | 279,000 | 300,000 | 294,000 | 342,000 | 242,000 | 234,000 | 177,000 | 248,000 | 274,000 | 67,000 | 76,000 |
Proceeds from disposal of assets | ||||||||||||
40,000 | 63,000 | 80,000 | 62,000 | 59,000 | 128,000 | 149,000 | 73,000 | 108,000 | 96,000 | 64,000 | 4,000 | 8,000 |
Other investing items, net | ||||||||||||
-7,000 | 52,000 | -103,000 | 0 | 21,000 | 14,000 | -71,000 | -133,000 | 65,000 | 102,000 | 174,000 | 0 | -1,000 |
Net cash flows used in investing activities | ||||||||||||
-318,000 | -386,000 | -96,000 | -307,000 | -256,000 | -374,000 | -42,000 | -28,000 | -134,000 | -244,000 | -3,749,000 | -63,000 | -67,000 |
Cash flows from financing activities: | ||||||||||||
Net repayments of short-term borrowings | ||||||||||||
- | - | - | - | - | -695,000 | 19,000 | 119,000 | 181,000 | -988,000 | 280,000 | -182,000 | 227,000 |
Repayment of long-term debt | ||||||||||||
115,000 | 534,000 | 11,000 | -23,000 | 48,000 | 11,000 | 25,000 | 0 | 648,000 | 177,000 | 0 | 0 | 0 |
Dividends paid | ||||||||||||
118,000 | 117,000 | 93,000 | 92,000 | 93,000 | 91,000 | 74,000 | 74,000 | 76,000 | 79,000 | 76,000 | 0 | 0 |
Distributions to GE | ||||||||||||
68,000 | 68,000 | 94,000 | 94,000 | 94,000 | 95,000 | 147,000 | 126,000 | 127,000 | 129,000 | 122,000 | 0 | 0 |
Payments for Repurchase of Common Stock | ||||||||||||
- | - | - | - | - | 0 | 0 | 197,000 | 190,000 | 174,000 | 0 | 0 | 0 |
Repurchase of common units from GE by BHGE LLC | ||||||||||||
- | - | - | - | - | 1,461,000 | 0 | 315,000 | 323,000 | 303,000 | 0 | 0 | 0 |
Net transfer from Parent | ||||||||||||
- | - | - | - | - | - | - | - | - | 76,000 | 1,000 | -1,347,000 | -228,000 |
Other financing items, net | ||||||||||||
-26,000 | 7,000 | 29,000 | 9,000 | 3,000 | -1,000 | -10,000 | 12,000 | -8,000 | 55,000 | -253,000 | 12,000 | 2,000 |
Net cash flows used in financing activities | ||||||||||||
-327,000 | -538,000 | -569,000 | -195,000 | -232,000 | -1,716,000 | -275,000 | -819,000 | -1,553,000 | 2,707,000 | 6,668,000 | 1,087,000 | 457,000 |
Effect of currency exchange rate changes on cash and cash equivalents | ||||||||||||
-72,000 | 8,000 | -25,000 | -26,000 | 22,000 | -41,000 | -37,000 | -44,000 | -6,000 | 4,000 | 31,000 | 15,000 | 2,000 |
Decrease in cash and cash equivalents | ||||||||||||
-239,000 | 441,000 | -330,000 | 65,000 | -650,000 | -1,042,000 | -114,000 | -752,000 | -1,399,000 | 2,253,000 | 2,755,000 | 995,000 | 46,000 |
Supplemental cash flows disclosures: | ||||||||||||
Income taxes paid, net of refunds | ||||||||||||
118,000 | 152,000 | 103,000 | 107,000 | 76,000 | 119,000 | 87,000 | 136,000 | 82,000 | 108,000 | -7,000 | 81,000 | 48,000 |
Interest paid | ||||||||||||
49,000 | 89,000 | 59,000 | 81,000 | 56,000 | 83,000 | 61,000 | 85,000 | 72,000 | 78,000 | 17,000 | 6,000 | 8,000 |