Broadwind, inc. (BWEN)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)

-4,523

-24,146

-3,641

319

-

-

-

-

-

-

-

Net income (loss)

-

-

-

-

-21,807

-6,168

-10,499

-17,907

-21,948

-85,175

-110,119

Income (loss) from discontinued operations

63

-144

-458

-1,016

-9,561

-4,375

-110

-

-1,206

-15,422

-3,093

Income (loss) from continuing operations

-4,586

-24,002

-3,183

1,335

-12,246

-1,793

-10,389

-17,907

-20,742

-69,753

-107,026

Adjustments to reconcile net cash used in operating activities:
Depreciation and amortization expense

7,497

9,183

8,999

6,914

9,179

10,944

14,856

16,537

14,534

16,463

22,696

Deferred income taxes

-30

-307

-5,045

-

-

-

-

-

-

-

-

Impairment charges

-

12,585

80

-

183

84

2,365

-

-

40,777

82,211

Remeasurement of contingent consideration

-

1,140

1,394

-

-

-

-

-

-

-

-

Change in fair value of interest rate swap agreements

34

-

-

-

-

-

-

-

-

-

-

Change in fair value of interest rate swap agreements

-

-

-

-

-

-

-

-

-

253

330

Deferred income taxes

-

-

-

-

-

-

-

-

-

1,338

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-813

Stock-based compensation

958

803

813

753

919

888

1,821

2,833

1,906

1,745

2,805

Extinguishment of New Markets Tax Credits obligation

-

2,249

-

-

-

-

-

-

-

-

-

Allowance for doubtful accounts

-

-

-

61

-

-

-

-

-

-

-

Allowance for doubtful accounts

-63

-35

37

-

-

-

-

-

-

-

248

Common stock issued under defined contribution 401(k) plan

962

685

-

-

-

-

-

-

-

-

-

Allowance for doubtful accounts

-

-

-

-

35

-

-

-

-

-

-

Allowance for doubtful accounts

-

-

-

-

-

65

-436

15

1,004

-1,142

-

Common stock issued under defined contribution 401(k) plan

-

-

316

-

-

163

681

523

900

803

936

Common stock issued under defined contribution 401(k) plan

-

-

-

-

-

-

-

-

-

-

-76

Gain on disposal of assets

1

116

12

217

98

157

3,503

-548

-474

-70

-165

Changes in operating assets and liabilities, net of acquisition:
Accounts receivable

792

3,776

-884

2,141

-7,223

-498

-1,808

-5,257

4,888

-1,202

-13,928

Inventories

9,193

2,944

-7,057

-3,060

-6,925

-1,599

15,155

-1,367

5,616

8,914

-32,896

Prepaid expenses and other current assets

585

-22

-651

933

25

-2,091

-1,411

-519

10

-1,072

-163

Accounts payable

9,769

801

-5,287

989

-3,625

-8,872

11,671

-1,165

-5,008

7,565

-24,556

Accrued liabilities

1,105

553

-4,921

297

-1,126

1,330

2,208

170

-648

-332

-5,311

Customer deposits

-790

13,716

-8,219

-

-

-

-

-

-

-

-

Customer deposits

-

-

-

8,057

-12,457

-253

18,930

-13,256

8,447

-1,317

-10,627

Other non-current assets and liabilities

-

-

-

875

399

-

-

-

-

-

-

Other non-current assets and liabilities

-236

1,734

126

-

-

472

14

-1,677

-93

-672

1,838

Cash paid in acquisition

-

-

16,449

-

-

-

-

-

-

-

-

Sales of available for sale securities

-

-

2,221

-

-

-

-

-

-

-

-

Net cash provided by operating activities of continuing operations

4,521

2,045

-9,350

17,300

-5,512

6,115

26,254

-2,882

-10,304

-10,123

4,687

CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from the sale of logistics business and related note receivable

-

-

-

-

-

-

250

375

952

-

-

Purchases of available for sale securities

-

-

-

19,223

8,062

15,088

1,983

-

-

-

-

Sales of available for sale securities

-

-

-

13,061

5,082

1,101

60

-

-

-

-

Maturities of available for sale securities

-

-

950

9,170

4,825

7,106

780

-

-

-

-

Purchases of property and equipment

1,844

2,324

6,688

6,624

2,789

6,297

6,950

5,738

4,708

6,893

11,271

Proceeds from disposals of property and equipment

1

676

72

452

1,156

1,009

13,249

113

1,874

38

829

Proceeds used in repurchasing of common stock

-

-

-

-

-

-1,842

-

-

-

-

-

Net cash used in investing activities of continuing operations

-1,843

-1,648

-19,894

-

-

-

-

-

-

-

-

Increase (decrease) in restricted cash

-

-

-

-

-

-

-248

-546

706

-1,840

1,510

Net cash used in investing activities of continuing operations

-

-

-

-3,164

212

-12,169

5,654

-4,704

-2,588

-5,015

-11,952

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of stock

-

-

-

19

-

9

18

-

11,697

53,347

675

Proceeds from line of credit

177,081

141,414

158,856

-

-

-

-

-

-

-

-

Payments on line of credit

176,564

141,040

148,009

-

118,212

15,850

80,376

78,785

1,517

21,231

11,810

Payments on related party notes payable

-

-

-

-

-

-

-

2,791

209

-

-

Net proceeds from line of credit and notes payable

-

-

-

-

118,212

15,850

75,208

77,620

2,311

700

5,952

Proceeds from long-term debt

-

2,060

457

-

5,000

-

-

-

-

-

-

Payments on long-term debt

937

761

-

2,799

2,201

-

-

-

-

-

-

Principal payments on finance leases

1,024

-

-

-

-

-

-

-

-

-

-

Payments for debt issuance costs

-

-

-

-

-

-

-

638

-

-

-

Proceeds from sale-leaseback transactions

-

-

-

-

-

-

-

-

-

-

2,980

Proceeds from deposits on equipment

-

-

-

-

-

-

-

-

-

-

665

Principal payments on finance leases

-

814

644

539

747

934

2,338

644

977

863

864

Proceeds from sale of common stock, net

-

52

-

-

-

-

-

-

-

-

-

NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH

-

-

-

-

-5,621

-12,694

-

-

-

-

-

Net cash provided by financing activities

-1,444

807

10,660

-

-

-

-

-

-

-

-

Net cash provided by financing activities of continuing operations

-

-

-

-3,319

2,052

-2,767

-7,488

-5,238

11,305

31,953

-2,402

DISCONTINUED OPERATIONS:
Operating cash flows

5

-105

-78

731

-5,327

-3,613

-

-

-851

-2,666

-1,687

Investing cash flows

-

-

-

615

2,864

-151

-

-

-

-113

-568

Financing cash flows

-

-

-

58

-3

-201

-

-

-83

-3,003

1,498

Net cash provided by (used in) discontinued operations

5

-105

-78

1,404

-2,466

-3,965

-

-

-934

-5,782

-757

Add: Cash balance of discontinued operations, beginning of period

-

-

2

-

-

-

-

-

-

-

-

NET INCREASE (DECREASE) IN CASH

1,239

1,099

-18,660

12,219

-

-

-

-

-

-

-

NET DECREASE IN CASH AND CASH EQUIVALENTS

-

-

-

-

-

-

24,420

-12,824

-1,991

10,630

-9,305

Supplemental cash flow information:
Interest paid

1,619

1,168

585

494

652

601

789

1,503

1,029

1,171

1,913

Income taxes paid

49

116

44

23

48

62

22

26

34

38

505

Non-cash activities:
Issuance of restricted stock grants

958

803

813

753

919

888

1,328

1,815

-

-

-

Equipment additions via capital lease

704

650

844

1,616

-

-

1,485

-

-

-

-

Non-cash purchases of property and equipment

552

64

1,003

-

-

-

-

-

-

-

-

Assets acquired

-

-

26,602

-

-

-

-

-

-

-

-

Liabilities assumed

-

-

7,619

-

-

-

-

-

-

-

-

Common stock issued under defined contribution 401(k) plan

-

-

-

-

-

163

-

-

150

684

-

Common stock issued under defined contribution 401(k) plan

958

803

813

753

-

-

-

-

-

-

-

Common stock issued under defined contribution 401(k) plan

-

-

-

-

-

-

-

-

150

684

-

Common stock issued under defined contribution 401(k) plan

-

-

-

-

-

-

-

-

-

-

-76