BROADWIND, INC. BWEN Cash Flow

Broadwind, inc. (BWEN)

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 income (loss)
954	-1,565	-898	-1,018	-1,042	-12,409	-783	-6,116	-4,838	-6,981	-2,207	-780	6,327	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-377	-10,794	-7,613	1,615	-5,015	-5,172	-1,813	1,860	-1,043	-3,746	-2,398	404	-4,759	-5,878	-3,938	-4,231	-3,860	-5,724	-6,586	-4,458	-5,180
Income (loss) from discontinued operations
-	-	-	-	-	-51	-33	-33	-27	-53	-158	-92	-155	-108	-373	-516	-19	-67	-5,231	-1,771	-2,492	-	-	-	-	-	-	0	-210	-	-	-	-	-22	0	-57	-1,127
Income (loss) from continuing operations
-	-	-	-	-	-12,358	-750	-6,083	-4,811	-6,928	-2,049	-688	6,482	406	1,245	42	-358	-10,727	-2,382	3,386	-2,523	-	-	-	-	-	-	404	-4,549	-	-	-4,231	-3,860	-5,702	-6,586	-4,401	-4,053
Adjustments to reconcile net cash used in operating activities:
Depreciation and amortization expense
1,612	2,491	1,616	1,629	1,761	2,193	2,284	2,349	2,357	2,428	2,267	2,203	2,101	1,776	1,695	1,786	1,657	2,319	2,400	2,204	2,256	2,300	2,380	3,150	3,114	3,444	3,379	4,047	3,986	4,310	4,367	3,910	3,950	3,624	3,647	3,762	3,501
Deferred income taxes
22	-19	-6	4	-9	-262	-3	-15	-27	11	-22	16	-5,050	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	145	0	0	38	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Change in fair value of interest rate swap agreements
138	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
308	193	255	255	255	118	196	227	262	162	189	240	222	161	160	173	259	19	293	352	255	372	186	107	223	383	466	545	427	754	790	624	665	511	565	461	369
Allowance for doubtful accounts
29	-33	-18	2	-14	13	-23	-10	-15	24	8	-3	8	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	163
Common stock issued under defined contribution 401(k) plan
-	293	277	205	187	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	80	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13	1	-32	3	52	42	-162	-100	-20	-154	-143	-96	120	134	-	-	-	-
Common stock issued under defined contribution 401(k) plan
-	-	-	-	-	-	-	-	167	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	163	-344	298	410	317	-784	495	403	409	267	268	219	146
Common stock issued under defined contribution 401(k) plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	-149
Gain on disposal of assets
-	0	0	0	1	-	-	-	-	0	0	10	2	70	9	0	138	-	-	-	-	56	106	0	-5	-73	-81	3,672	-15	-328	-128	-69	-23	-84	-251	-57	-82
Changes in operating assets and liabilities, net of acquisition:
Accounts receivable
-2,037	-4,585	2,571	-2,234	5,040	741	-1,197	1,966	2,266	4,397	-12,127	-2,191	9,037	-3,046	-1,978	4,412	2,753	-7,352	-2,247	-1,519	3,895	-4,196	-2,396	1,147	4,947	-3,271	825	-5,518	6,156	-8,575	4,564	742	-1,988	2,302	-3,579	4,952	1,213
Inventories
8,891	613	-4,508	2,814	10,274	-870	2,811	-1,574	2,577	3,871	-6,342	-4,204	-382	-5,073	5,184	2,177	-5,348	-9,868	-5,348	-2,786	11,077	2,786	-3,536	-2,829	1,980	4,287	-2,738	5,548	8,058	-7,039	-9,690	6,355	9,007	-7,928	8,840	5,688	-984
Prepaid expenses and other current assets
476	-152	753	54	-70	-41	68	-28	-21	-274	452	-406	-423	-49	1,171	-244	55	35	451	-397	-64	-234	-1,414	14	-457	-183	-693	-1,038	503	559	448	-594	-932	-401	1,056	-715	70
Accounts payable
3,545	3,723	2,740	-4,826	8,132	-2,775	-1,247	1,867	2,956	3,997	-6,675	-5,492	2,883	-6,129	5,227	43	1,848	-2,970	36	-4,483	3,792	-6,549	3,994	-3,645	-2,672	272	225	3,322	7,852	2,010	-19,992	9,229	7,588	-5,814	4,765	-1,148	-2,811
Accrued liabilities
-657	-527	1,092	219	321	-1,014	1,242	-1,328	1,653	-2,278	534	-821	-2,356	-480	1,253	-347	-129	-131	499	235	-1,729	-447	54	2,511	-788	1,085	692	500	-69	280	112	896	-1,118	464	-674	-397	-41
Customer deposits
305	-8,347	12,503	806	-5,752	15,734	-877	-1,338	197	7,715	-3,101	-8,393	-4,440	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-3,484	10,108	3,596	-2,163	3,315	-1,927	-7,292	-6,553	1,938	6,305	-4,230	-4,266	1,511	3,346	9,924	4,149	155	-4,804	-5,878	-2,729	1,625	-5,334	-91	12,247
Other non-current assets and liabilities
-49	67	-176	-70	-57	188	367	-31	1,210	81	73	211	-239	-	-7	216	535	-	5	-38	501	96	49	-98	425	-351	518	-71	-82	-358	-487	-797	-35	93	133	-455	136
Cash paid in acquisition
-	-	-	-	-	-	-	-	-	0	0	-210	16,659	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales of available for sale securities
-	-	-	-	-	-	-	-	-	0	0	0	2,221	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in operating activities
-1,025	-	-	-	-11,349	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities of continuing operations
-	-	-	-	-	9,278	-4,440	500	-3,293	-2,723	7,876	-6,358	-8,145	233	15,279	-1,273	3,061	9,216	5,989	-845	-19,872	-4,895	21,556	1,571	-12,117	4,747	7,731	16,616	-2,840	-	-	-967	-1,399	1,188	-9,626	-11,037	9,171
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from the sale of logistics business and related note receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	200	50	125	191	0	0	761
Purchases of available for sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	16	15,626	1,603	1,978	6,178	0	0	1,884	1,748	10,777	20	2,543	-	-	-	-	-	-	-	-	-	-	1	102
Sales of available for sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	12,894	72	59	36	-1	0	0	5,083	107	-57	-839	1,890	-	-	-	-	-	-	-	-	-	-	-	-
Maturities of available for sale securities
-	-	-	-	-	-	-	-	-	0	0	0	950	165	2,945	3,635	2,425	0	0	0	4,825	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property and equipment
670	68	593	606	577	306	342	1,447	229	716	1,668	1,043	3,261	2,617	2,041	1,016	950	507	954	660	668	912	843	2,342	2,200	2,593	1,628	1,354	1,375	2,438	1,135	1,450	715	574	1,284	470	2,380
Proceeds from disposals of property and equipment
-	0	0	0	1	-	-	-	-	67	-62	65	2	-	-	-	-	-	-	-	-	0	-36	1,000	45	716	80	12,449	4	7	19	81	6	24	1,446	294	110
Net cash used in investing activities of continuing operations
-670	-68	-593	-606	-576	-213	241	-1,447	-229	-649	-1,730	-768	-16,747	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	100	-174	-472	-	-	-	-
Net cash used in investing activities of continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	10,399	-14,725	1,629	-467	-6,686	202	-660	7,356	1,898	-11,013	-246	-2,808	-1,904	-1,560	10,489	-1,371	-	-	-1,145	-112	211	-1,011	-177	-1,611
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from line of credit
51,552	45,216	40,858	48,567	42,440	38,008	36,421	34,099	32,886	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on line of credit
49,070	42,428	58,766	44,179	31,191	45,547	32,293	33,998	29,202	25,309	39,848	37,494	45,358	-	-	-	-	0	37,527	63,523	17,162	-	-	-121	164	143	24	35,603	44,606	54,595	22,236	1,246	708	462	346	242	467
Net proceeds from line of credit and notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	37,000	62,812	18,400	-	-	-	-	0	0	25,800	49,408	-	-	-	-	-	-	-	-
Proceeds from long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	51,852	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on long-term debt
242	239	236	234	228	-	-	-	-	-	-	-	-	0	0	2,620	179	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on finance leases
218	272	267	249	236	-	-	190	187	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on finance leases
-	-	-	-	-	-	-	-	-	87	240	203	114	39	172	181	147	149	147	210	241	191	249	248	246	608	582	578	570	-501	518	363	264	303	249	192	233
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,210	3,231	1,693	4,233	371	-11,918	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
2,022	2,277	-18,411	3,905	10,785	-7,997	4,299	1,008	3,497	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities of continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	6,380	-39	-153	-2,801	-326	-2,231	-793	4,079	997	-2,033	-197	-127	-410	-733	-606	-10,381	4,232	-	-	-609	-972	-1,012	13,408	-391	-700
DISCONTINUED OPERATIONS:
Operating cash flows
-	-	-	-	-	-33	-34	-11	-27	-38	-104	-10	74	-55	-121	81	826	-1,843	-1,091	-2,224	-169	-	-	-	-	-	-	-	-	-	-	-	-	-22	0	-52	-777
Investing cash flows
-	-	-	-	-	-	-	-	-	-	-	-	-	0	312	152	151	3,232	-92	-105	-171	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financing cash flows
-	-	-	-	-	-	-	-	-	-	-	-	-109	70	0	0	-12	4	-2	137	-142	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-83
Net cash provided by (used in) discontinued operations
-	-	-	-	-	-33	-34	-11	-27	-38	-104	99	-35	15	191	233	965	1,393	-1,185	-2,192	-482	-	-	-	-	-	-	-	-	-	-	-	-	-22	0	-52	-860
NET INCREASE (DECREASE) IN CASH
327	2,401	-59	37	-1,140	1,035	66	50	-52	37	-141	-11	-18,545	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET DECREASE IN CASH AND CASH EQUIVALENTS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,198	-15,335	2,110	5,565	16,724	21	-2,205	-5,415	-2,721	-2,483	365	2,771	-11,657	6,530
Supplemental cash flow information:
Interest paid
-	-	-	-	-	346	285	304	233	172	196	140	77	118	109	124	143	5	354	191	102	167	222	69	143	117	113	225	334	649	324	262	268	272	300	203	254
Income taxes paid
-	-	-	-	-	-	-	-	-	-8	30	19	3	1	10	0	12	13	0	34	1	30	30	0	2	3	6	0	13	1	1	18	6	0	0	-14	48
Non-cash activities:
Issuance of restricted stock grants
-	-	-	-	-	118	196	227	262	162	189	240	222	161	160	173	259	19	293	382	225	550	152	48	138	-	-	-	-	-	-	-	-	-	-	-	-
Assets acquired
-	-	-	-	-	-	-	-	-	111	0	-666	27,157	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities assumed
-	-	-	-	-	-	-	-	-	111	0	-46	7,554	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock issued under defined contribution 401(k) plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-138	-	-	-	-	-	-	-	-
Common stock issued under defined contribution 401(k) plan
-	-	-	-	-	118	196	227	262	162	189	240	222	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock issued under defined contribution 401(k) plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	-149