Ballantyne strong, inc. (BTN)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net loss

-10,103

-12,327

-3,617

-408

-17,467

-4

163

5,542

-

-

-

Net loss from discontinued operations, net of tax

-

-

-25

-1,277

-743

-146

-

-

-

-

-

Net loss from continuing operations

-

-

-3,592

869

-16,724

142

-

-

-

-

-

Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Net earnings (loss)

-

-

-

-

-

-

-

-

10,347

8,434

2,071

Provision for (recovery of) doubtful accounts

-621

188

822

21

1,065

92

273

626

-14

128

32

Provision for obsolete inventory

-75

170

347

341

1,713

-200

-111

-350

-

-

523

Provision for warranty

-73

208

-

-

-

-

-

-

-

-

-

Provision for obsolete inventory

-

-

-

-

-

-

-

-

216

-395

-

Provision for warranty

-

-

295

325

562

310

430

538

418

844

289

Depreciation and amortization

3,534

2,712

2,140

2,187

2,303

1,876

1,511

1,268

1,757

1,490

-

Amortization and accretion of operating leases

1,731

-

-

-

-

-

-

-

-

-

-

Impairment of intangible assets

-

-

41

0

638

0

0

-

-

-

-

Fair value adjustment to notes receivable

-2,857

1,150

1,146

0

-1,595

0

0

-

-

-

-

Excess distribution from joint venture

-

-

-

502

0

0

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

1,753

Equity method investment income (loss)

-2,011

-552

1,958

117

96

78

-25

10

-189

582

-890

Recognition of contract acquisition costs

-

29

-

-

-

-

-

-

-

-

-

Unrealized loss (gain) on marketable securities

-

-

-

34

-117

0

0

-

-

-

-

Loss on forward contracts

-

-

-

-

-

145

-380

145

-306

-106

-48

Loss on disposal of assets

-107

-2,135

-210

-118

-424

12

-8

-

-

-

-

Gain on Firefly transaction (Note 6)

431

-

-

-

-

-

-

-

-

-

-

(Gain) loss on disposal or transfer of assets

-

-

-

-

-

-

-

1,332

-

-

-

(Gain) loss on disposal or transfer of assets

-

-

-

-

-

-

-

-

11

150

-

Loss (gain) on disposal or transfer of assets

-

-

-

-

-

-

-

-

-

-

-16

Deferred income taxes

-52

-250

1,062

24

8,817

-4,557

1,339

71

-1,211

242

709

Impairment of operating lease

-

209

-

-

-

-

-

-

-

-

-

Impairment of contract acquisition costs

-

59

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

1,120

837

736

466

501

427

461

393

373

381

379

Dividends received from investee

-

813

-

-

-

-

-

-

-

-

-

Dividends received

-

-

-

207

0

-

-

-

-

-

-

Dividends received

-

-

-

-

-

0

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

-1,753

3,540

-4,887

-3,758

7,876

-8

-

-

-

-

1,876

Excess tax benefits from share-based arrangements

-

-

-

-

-

-

-

-

359

156

-

Accounts receivable

-

-

-

-

-

-

-8,932

-6,402

12,009

12,436

-

Unbilled revenue

-

-

-

-

-

-

-

-

-

-

1,894

Inventories

-770

-1,020

-1,508

329

1,687

-1,518

-689

-4,265

-13,684

15,656

3,930

Accrued expenses

-

-

-

-79

-221

679

-235

572

197

-843

-201

Deferred revenue and customer deposits

-

-

-

599

-1,670

872

-3,327

-88

5,774

548

1,072

Current income taxes

100

192

96

-1,826

1,620

1,123

685

-5,382

2,133

2,239

-

Current income taxes

-

-

-

-

-

-

-

-

-

-

-51

Other assets

-244

772

50

117

-136

87

-268

-130

-37

3

-

Accounts payable and accrued expenses

587

1,008

-

-

-

-

-

-

-

-

-

Deferred revenue and customer deposits

634

682

-2,630

-

-

-

-

-

-

-

-

Consignment inventory

-

-

-

-

-

-

-

-

-

-

476

Other current assets

-

-

-300

-378

-325

-5

-1,826

-2,605

2,761

2,112

307

Accounts payable

-

-

-1,687

931

-3,085

-2,805

-4,813

-15,534

1,418

20,774

3,320

Accrued expenses

-

-

-1,371

-

-

-

-

-

-

-

-

Operating lease obligations

-1,894

-

-

-

-

-

-

-

-

-

-

Net cash flows (used in) provided by operating activities - continuing operations

-

-

10

-92

6,427

-558

-

-

-

-

2,367

Net cash flows used in operating activities - discontinued operations

-

-

-123

-3,370

1,554

-3,114

-

-

-

-

-

Net cash provided by (used in) operating activities

2,199

-7,225

-113

-3,462

7,981

-3,672

8,504

-429

20,052

3,643

-

Cash flows from investing activities:
Proceeds from sale of equity securities

-

4,531

-

-

-

-

-

-

-

-

-

Proceeds from sale of property, plant and equipment

121

-

-

-

-

-

-

-

-

-

-

Purchase of businesses, net of cash acquired

-

-

-

-

-

-

18,810

-

-

-

-

Purchase of equity securities

-

-

-

-

-

0

0

-

-

-

-

Dividends received from investee in excess of cumulative earnings

-

69

253

0

0

-

-

2,509

-

888

-

Decrease in restricted investments

-

-

-

-

-

-

-

-

-

-239

-259

Capital expenditures

2,467

1,984

3,275

3,762

458

2,043

529

2,541

2,886

6,812

908

Purchase of equity securities

-

-

2,525

7,048

5,983

-

-

-

-

-

-

Proceeds from sale of business

-

-

-

0

220

8

5

3,334

88

26

2

Proceeds from sales of investments in securities

-

-

-

-

-

-

-

-

-

-

10,025

Net cash flows provided by (used in) investing activities - continuing operations

-

-

-5,547

-10,810

-6,221

-2,035

-

-

-

-

9,378

Net cash flows provided by investing activities - discontinued operations

-

-

134

297

16

110

-

-

-

-

-

Net cash used in investing activities

-2,346

2,616

-5,413

-10,513

-6,205

-1,925

-19,334

3,302

-2,798

-5,659

-

Cash flows from financing activities:
Proceeds from issuance of long-term debt

237

-

2,000

0

0

-

-

-

-

-

-

Proceeds from issuance of short-term debt

-

3,963

500

0

0

-

-

-

-

-

-

Proceeds from sale-leaseback financing

-

7,000

-

-

-

-

-

-

-

-

-

Principal payments on short-term debt

427

1,154

-

-

-

-

-

-

-

-

-

Principal payments on long-term debt

963

2,476

33

0

0

-

-

-

-

-

-

Payment of debt issuance costs

-

22

49

0

0

-

-

-

-

-

-

Payments on capital lease obligations

712

230

-

-

-

-

-

-

-

-

-

Purchase of treasury stock

-

-

102

230

15

0

0

-

-

-

-

Proceeds from employee stock purchase plan

-

-

-

-

-

-

-

-

-

36

28

Proceeds from exercise of stock options

-

-

71

135

0

0

-

-

178

359

-

Purchase of treasury stock

-

-

-

-

-

-

-

2,756

-

-

-

Proceeds from employee stock purchase plan

-

-

-

-

-

-

4

8

25

-

-

Payments on capital lease obligations

-

-

240

268

200

14

0

-

-

-

-

Other

-

-8

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents - discontinued operations

-

-

-

-589

-127

-51

-

-

-

-

-

Net cash used in financing activities

-1,865

7,073

2,147

-

-

-

20

-2,746

562

551

-

Effect of exchange rate changes on cash and cash equivalents

266

-286

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash and cash equivalents

-

-

-

-

-

-

-567

152

-177

126

-

Excess tax benefits from stock-based compensation

-

-

-

45

12

-7

16

2

359

156

-

Net cash used in financing activities - continuing operations

-

-

-

-318

-203

-21

-

-

-

-

28

Effect of exchange rate changes on cash and cash equivalents - continuing operations

-

-

478

583

-1,867

-630

-

-

-

-

391

Net increase (decrease) in cash and cash equivalents and restricted cash

-1,746

2,178

-2,901

-

-

-

-

-

-

-

-

Components of cash and cash equivalents and restricted cash:
Net increase (decrease) in cash and cash equivalents

-

-

-

-14,299

-421

-6,299

-11,377

279

17,639

-1,339

-

Net increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

12,164

Supplemental disclosure of cash paid for:
Interest

831

401

152

46

45

-

-

-

-

-

-

Interest

-

-

-

-

-

34

27

22

36

16

-

Income taxes

2,079

2,620

2,830

3,378

2,272

1,724

961

-

-

-

-

Income Taxes

-

-

-

-

-

-

-

4,469

4,233

3,117

-

Supplemental disclosure of non-cash investing and financing activities:
Term loan borrowings to finance equipment purchases

364

4,761

-

-

-

-

-

-

-

-

-

Capital lease obligations for property and equipment

2,369

515

-

0

752

310

0

-

-

-

-

Investment in Firefly Systems, Inc. (Note 6)

3,614

-

-

-

-

-

-

-

-

-

-

Common stock exchanged for stock options

-

-

-

-

-

-

-

-

100

-

-