BALLANTYNE STRONG, INC. BTN Cash Flow

Ballantyne strong, inc. (BTN)

CashFlow / Quarterly

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	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
Cash flows from operating activities:
Net loss
-447	-747	-1,787	-3,419	-4,150	-565	-1,224	-6,753	-3,785	-995	-1,033	-1,976	387	-158	-470	833	-613	-1,183	-3,200	-2,920	-10,164	318	-109	381	-594	-	-	-	-	-	-	-	-	-	-	-	-
Net loss from discontinued operations, net of tax
-	-	-	-	-	-	-	-	-	24	0	-26	-23	-535	-8	-921	187	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss from continuing operations
-	-	-	-	-	-	-	-	-	-1,019	-1,033	-1,950	410	377	-462	1,754	-800	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Net earnings (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	46	1,276	565	-	-	-	-	-	-	-	-
Provision for (recovery of) doubtful accounts
819	-112	-105	-94	-310	-193	238	40	103	110	294	415	3	20	45	-22	-22	973	68	6	18	83	26	-86	69	79	-17	181	30	-	-	-	-	-	-	-	-
Provision for obsolete inventory
44	-320	149	43	53	-242	-123	491	44	507	15	-243	68	442	-148	53	-6	68	688	1,006	-49	-83	-78	-31	-8	-	-	-	-	-	-	-	-	-	-	-	-
Provision for warranty
53	-	-	-	67	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for obsolete inventory
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	23	14	-24	-	-	-	-	-	-	-	-
Provision for warranty
-	-	-	-	-	-	25	-21	79	-24	148	153	18	65	89	75	96	128	124	211	99	501	4	-61	-134	109	61	154	106	-	-	-	-	-	-	-	-
Depreciation and amortization
989	997	893	849	795	759	813	616	524	577	559	522	482	529	531	530	597	681	377	676	569	502	561	379	434	489	341	343	338	-	-	-	-	-	-	-	-
Amortization and accretion of operating leases
309	297	302	553	579	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fair value adjustment to notes receivable
-	-704	-846	-797	-510	197	803	192	-42	1,146	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity method investment income (loss)
1,369	-788	-496	-30	-697	-308	507	-741	-10	442	-753	-212	2,481	47	29	0	41	2	0	94	0	-17	0	0	95	92	1	-12	-106	-	-	-	-	-	-	-	-
Recognition of contract acquisition costs
-	-	-	-	-	0	0	-28	57	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized loss on marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-34	117	-483	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on forward contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	290	0	203	-348	-	-	-	-	-	-	-	-	-	-	-	-
Change in value of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of assets
-	-2	-3	-38	-64	-	-	-	-	-	-	-	-	-	-	-	-	-32	-14	-380	2	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on Firefly transaction (Note 6)
270	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on disposal or transfer of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	7	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on disposal or transfer of assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3	-2	-	-	-	-	-	-	-	-
Deferred income taxes
23	77	69	-248	50	-104	-164	-69	87	347	-198	46	867	219	-49	-234	88	443	-438	120	8,692	-3,641	-516	-919	519	963	179	207	-10	-	-	-	-	-	-	-	-
Amortization of contract acquisition costs
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation expense
273	322	334	221	243	189	166	227	255	238	168	194	136	109	113	114	130	232	118	40	111	135	92	99	101	116	125	125	95	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Accounts receivable
-1,499	-605	1,543	-872	-1,819	-704	3,947	119	178	-4,502	-1,320	653	282	-4,197	-2,245	3,639	-955	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	609	-1,621	-5,062	-	1	-2,268	-3,709	4,509	-901	-6,530	-6,010	-	-	-	-	-	-	-	-
Inventories
118	-866	77	-126	145	-607	144	-20	-537	-1,642	-36	-344	514	-404	211	-812	1,334	1,606	308	1,693	-1,920	-2,866	2,166	-997	179	-3,601	573	-434	2,773	-	-	-	-	-	-	-	-
Accrued expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	423	53	-217	-480	2,729	-432	-275	-1,343	813	47	-780	-315	-	-	-	-	-	-	-	-
Deferred revenue and customer deposits
-	-	-	-	-	-	-	-	-	-	-181	-937	-86	832	337	-248	-322	-1,232	244	766	-1,448	1,789	-564	-145	-208	-556	-1,488	-424	-859	-	-	-	-	-	-	-	-
Current income taxes
-87	-129	373	300	-444	14	156	-14	36	-78	421	-91	-156	-118	-88	-263	-1,357	195	588	-12	849	4,061	-556	-783	-1,599	-128	482	775	-444	-	-	-	-	-	-	-	-
Other assets
277	-458	334	-189	69	-249	430	-205	796	-35	-389	203	271	149	-156	84	40	-198	-64	136	-10	4	-7	34	56	-147	-65	-13	-43	-	-	-	-	-	-	-	-
Accounts payable and accrued expenses
1,323	-981	1,884	289	-605	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue and customer deposits
216	-409	1,481	-449	11	-677	203	452	704	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other current assets
-	-	-	-	-	-	-	-	-5	-341	-206	145	102	-265	-434	474	-153	-387	-462	114	410	-13	106	-298	200	-263	-55	-687	-821	-	-	-	-	-	-	-	-
Accounts payable
-	-	-	-	-	-	-	-	256	-2,884	-1,300	176	2,321	1,136	-1,566	197	1,164	-2,076	1,509	133	-2,651	-711	1,687	-467	-3,314	2,852	113	-5,968	-1,810	-	-	-	-	-	-	-	-
Accrued expenses
-	-	-	-	-	-	-	-	429	-608	-325	-592	154	-	-10	607	-249	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease obligations
-341	-327	-333	-644	-590	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows (used in) provided by operating activities - continuing operations
-	-	-	-	-	-	-	-	-	923	1,272	-2,752	567	433	919	-939	-505	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,497	9,243	-9,426
Net cash flows used in operating activities - discontinued operations
-	-	-	-	-	-	-	-	-	24	-1	-122	-24	-1,746	1,100	-1,664	-1,060	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) operating activities
2,639	1,783	2,650	-809	-1,425	1,571	-4,631	-2,574	-1,591	947	1,271	-2,874	543	-1,313	2,019	-2,603	-1,565	3,389	1,679	787	2,126	-377	-2,155	1,417	-2,557	2,729	104	3,742	1,929	4,917	378	-4,229	-1,495	-	-	-	-
Cash flows from investing activities:
Proceeds from sale of property, plant and equipment
-	0	35	0	86	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of equity securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends received from investee in excess of cumulative earnings
-	-	-	-	-	0	23	23	23	23	127	0	103	-206	103	103	0	-	-	-	-	-	-	-	-	-	-	-	-	1	999	0	1,509	-	-	-	-
Capital expenditures
371	750	581	879	257	764	333	531	356	326	846	983	1,120	2,660	449	488	165	-593	811	79	161	986	521	278	258	298	34	124	73	1,446	923	128	44	450	400	245	1,791
Purchase of equity securities
-	-	-	-	-	-	-	-	-	0	0	0	2,525	2,941	343	3,358	406	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of business
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	182	33	0	5	-50	2	0	56	-1	4	0	2	-	-	-	-	41	-27	45	29
Net cash flows provided by (used in) investing activities - continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-3,542	-	-	-	-571	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-427	-200	-1,762
Net cash used in investing activities
-371	-750	-546	-879	-171	-764	4,221	-508	-333	-	-	-	-	-	-	-3,743	-571	-	-	-	-156	-926	-519	-278	-202	62	-19,201	-124	-71	-1,443	365	2,915	1,465	-	-	-	-
Cash flows from financing activities:
Proceeds from issuance of long-term debt
-	0	0	0	237	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on short-term debt
55	104	123	121	79	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on long-term debt
243	238	234	246	245	198	304	1,958	16	16	15	2	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on capital lease obligations
380	-	-	-	49	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of treasury stock
-	-	-	-	-	-	-	-	-	0	0	37	65	75	22	102	31	15	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from employee stock purchase plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1	163
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	35	47	0	53	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	1	31	99	47
Purchase of treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	89	0	2,667	-	-	-	-
Proceeds from employee stock purchase plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1	-1	4	-	-	-	-	-	-	-	-
Payments on capital lease obligations
-	-	-	-	-	-	-	43	53	52	54	67	67	29	80	81	78	186	0	0	14	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes on cash and cash equivalents - discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-469	-51	-77	8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-678	-634	-640	-455	-136	420	-447	7,169	-69	-	-	-	-	-	-	-	-	-	-	-	5	-	-	-	-	27	1	-12	4	10	-89	0	-2,667	-	-	-	-
Effect of exchange rate changes on cash and cash equivalents
5	165	55	23	23	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes on cash and cash equivalents
-	-	-	-	-	-	-	-	471	-	-	-	-	-	-	-	-	-	-	-	-584	-	-198	279	-541	-360	308	-348	-167	-79	255	-121	97	-	-	-	-
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	39	0	0	6	2	-1	-8	19	-	-	-	-	-	-	-	-	-	-	-	-	58	8	-7	300
Net cash used in financing activities - continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-132	-30	-55	-183	-50	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	39	93	510
Effect of exchange rate changes on cash and cash equivalents - continuing operations
-	-	-	-	-	-	-	-	-	174	238	27	39	-180	-153	-18	934	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-464	53	38
Net increase (decrease) in cash and cash equivalents and restricted cash
1,595	564	1,519	-2,120	-1,709	1,039	-838	3,499	-1,522	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Components of cash and cash equivalents and restricted cash:
Net increase (decrease) in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-1,879	-3,092	-7,502	1,071	-6,624	-1,244	-2,677	86	779	1,391	-1,524	-2,887	1,412	-3,300	2,458	-18,788	3,258	1,695	3,405	909	-1,435	-2,600	-	-	-	-
Net increase (decrease) in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,189	-10,640
Supplemental disclosure of non-cash investing and financing activities:
Term loan borrowings to finance equipment purchases
-	0	0	166	198	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital lease obligations for property and equipment
-	756	903	478	232	-	-	-	-	-	-	-	-	-	-	-	-	-183	709	0	226	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Short-term borrowings to finance insurance
421	-	-68	-88	202	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-