BROADWIND, INC. BWEN Cash Flow

Broadwind, inc. (BWEN)

CashFlow / TTM

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)
-2,527	-4,523	-15,367	-15,252	-20,350	-24,146	-18,718	-20,142	-14,806	-3,641	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-17,169	-21,807	-16,185	-10,385	-10,140	-6,168	-4,742	-5,327	-6,783	-10,499	-12,631	-14,171	-18,806	-17,907	-17,753	-20,401	-20,628	-21,948	0	0	0
Income (loss) from discontinued operations
-	-	-	-	-	-144	-146	-271	-330	-458	-513	-728	-1,152	-1,016	-975	-5,833	-7,088	-9,561	0	0	0	-	-	-	-	-	-	0	0	-	-	-	-	-1,206	0	0	0
Income (loss) from continuing operations
-	-	-	-	-	-24,002	-18,572	-19,871	-14,476	-3,183	4,151	7,445	8,175	1,335	-9,798	-13,425	-10,081	-12,246	0	0	0	-	-	-	-	-	-	0	0	-	-	-20,379	-20,549	-20,742	0	0	0
Adjustments to reconcile net cash used in operating activities:
Depreciation and amortization expense
7,348	7,497	7,199	7,867	8,587	9,183	9,418	9,401	9,255	8,999	8,347	7,775	7,358	6,914	7,457	8,162	8,580	9,179	9,160	9,140	10,086	10,944	12,088	13,087	13,984	14,856	15,722	16,710	16,573	16,537	15,851	15,131	14,983	14,534	0	0	0
Deferred income taxes
1	-30	-273	-270	-289	-307	-34	-53	-22	-5,045	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	183	0	0	0	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Change in fair value of interest rate swap agreements
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation
1,011	958	883	824	796	803	847	840	853	813	812	783	716	753	611	744	923	919	1,272	1,165	920	888	899	1,179	1,617	1,821	2,192	2,516	2,595	2,833	2,590	2,365	2,202	1,906	0	0	0
Allowance for doubtful accounts
-20	-63	-17	-22	-34	-35	-24	7	14	37	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Common stock issued under defined contribution 401(k) plan
-	962	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Allowance for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-15	24	65	-65	-168	-240	-436	-417	-413	-273	15	0	0	0	-	-	-	-
Common stock issued under defined contribution 401(k) plan
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	163	-181	117	527	681	241	438	431	523	1,574	1,347	1,163	900	0	0	0
Common stock issued under defined contribution 401(k) plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Gain on disposal of assets
-	1	0	0	0	-	-	-	-	12	82	91	81	217	0	0	0	-	-	-	-	157	28	-159	3,513	3,503	3,248	3,201	-540	-548	-304	-427	-415	-474	0	0	0
Changes in operating assets and liabilities, net of acquisition:
Accounts receivable
-6,285	792	6,118	2,350	6,550	3,776	7,432	-3,498	-7,655	-884	-8,327	1,822	8,425	2,141	-2,165	-2,434	-8,365	-7,223	-4,067	-4,216	-1,550	-498	427	3,648	-3,017	-1,808	-7,112	-3,373	2,887	-5,257	5,620	-2,523	1,687	4,888	0	0	0
Inventories
7,810	9,193	7,710	15,029	10,641	2,944	7,685	-1,468	-4,098	-7,057	-16,001	-4,475	1,906	-3,060	-7,855	-18,387	-23,350	-6,925	5,729	7,541	7,498	-1,599	-98	700	9,077	15,155	3,829	-3,123	-2,316	-1,367	-2,256	16,274	15,607	5,616	0	0	0
Prepaid expenses and other current assets
1,131	585	696	11	-71	-22	-255	129	-249	-651	-426	293	455	933	1,017	297	144	25	-244	-2,109	-1,698	-2,091	-2,040	-1,319	-2,371	-1,411	-669	472	916	-519	-1,479	-871	-992	10	0	0	0
Accounts payable
5,182	9,769	3,271	-716	5,977	801	7,573	2,145	-5,214	-5,287	-15,413	-3,511	2,024	989	4,148	-1,043	-5,569	-3,625	-7,204	-3,246	-2,408	-8,872	-2,051	-5,820	1,147	11,671	13,409	-6,808	-901	-1,165	-8,989	15,768	5,391	-5,008	0	0	0
Accrued liabilities
127	1,105	618	768	-779	553	-711	-1,419	-912	-4,921	-3,123	-2,404	-1,930	297	646	-108	474	-1,126	-1,442	-1,887	389	1,330	2,862	3,500	1,489	2,208	1,403	823	1,219	170	354	-432	-1,725	-648	0	0	0
Customer deposits
5,267	-790	23,291	9,911	7,767	13,716	5,697	3,473	-3,582	-8,219	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	8,057	14,856	2,821	-8,067	-12,457	-13,834	-5,602	-2,540	-253	-680	-3,639	10,515	18,930	17,574	9,424	-6,378	-13,256	-11,786	-12,316	-6,529	8,447	0	0	0
Other non-current assets and liabilities
-228	-236	-115	428	467	1,734	1,627	1,333	1,575	126	0	0	0	-	0	0	0	-	564	608	548	472	25	494	521	14	7	-998	-1,724	-1,677	-1,226	-606	-264	-93	0	0	0
Cash paid in acquisition
-	-	-	-	-	-	-	-	-	16,449	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales of available for sale securities
-	-	-	-	-	-	-	-	-	2,221	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in operating activities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities of continuing operations
-	-	-	-	-	2,045	-9,956	2,360	-4,498	-9,350	-6,394	1,009	6,094	17,300	26,283	16,993	17,421	-5,512	-19,623	-4,056	-1,640	6,115	15,757	1,932	16,977	26,254	0	0	0	-	-	-10,804	-20,874	-10,304	0	0	0
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from the sale of logistics business and related note receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	375	566	366	316	952	0	0	0
Purchases of available for sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	19,223	25,385	9,759	8,156	8,062	3,632	14,409	14,429	15,088	0	0	0	-	-	-	-	-	-	-	-	-	-	0	0
Sales of available for sale securities
-	-	-	-	-	-	-	-	-	-	-	-	-	13,061	166	94	35	5,082	5,190	5,133	4,294	1,101	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Maturities of available for sale securities
-	-	-	-	-	-	-	-	-	950	1,115	4,060	7,695	9,170	9,005	6,060	2,425	4,825	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of property and equipment
1,937	1,844	2,082	1,831	2,672	2,324	2,734	4,060	3,656	6,688	8,589	8,962	8,935	6,624	4,514	3,427	3,071	2,789	3,194	3,083	4,765	6,297	7,978	8,763	7,775	6,950	6,795	6,302	6,398	5,738	3,874	4,023	3,043	4,708	0	0	0
Proceeds from disposals of property and equipment
-	1	0	0	0	-	-	-	-	72	0	0	0	-	-	-	-	-	-	-	-	1,009	1,725	1,841	13,290	13,249	12,540	12,479	111	113	130	1,557	1,770	1,874	0	0	0
Net cash used in investing activities of continuing operations
-1,937	-1,843	-1,988	-1,154	-1,995	-1,648	-2,084	-4,055	-3,376	-19,894	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-546	0	0	0	-	-	-	-
Net cash used in investing activities of continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-3,164	-20,249	-5,322	-7,611	212	8,796	-2,419	-2,005	-12,169	-15,971	-6,518	4,217	5,654	0	0	0	-	-	-2,057	-1,089	-2,588	0	0	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from line of credit
186,193	177,081	169,873	165,436	150,968	141,414	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on line of credit
194,443	176,564	179,683	153,210	143,029	141,040	120,802	128,357	131,853	148,009	0	0	0	-	-	-	-	118,212	0	0	0	-	-	210	35,934	80,376	134,828	157,040	122,683	78,785	24,652	2,762	1,758	1,517	0	0	0
Net proceeds from line of credit and notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	118,212	0	0	0	-	-	-	-	75,208	0	0	0	-	-	-	-	-	-	-	-
Proceeds from long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on long-term debt
951	937	0	0	0	-	-	-	-	-	-	-	-	2,799	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on finance leases
1,006	1,024	0	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on finance leases
-	-	-	-	-	-	-	-	-	644	596	528	506	539	649	624	653	747	789	891	929	934	1,351	1,684	2,014	2,338	1,229	1,165	950	644	1,448	1,179	1,008	977	0	0	0
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,947	9,528	-5,621	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
-10,207	-1,444	-11,718	10,992	8,095	807	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities of continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	3,387	-3,319	-5,511	-6,151	729	2,052	2,250	2,846	-1,360	-2,767	-1,467	-1,876	-12,130	-7,488	0	0	0	-	-	10,815	11,033	11,305	0	0	0
DISCONTINUED OPERATIONS:
Operating cash flows
-	-	-	-	-	-105	-110	-180	-179	-78	-95	-112	-21	731	-1,057	-2,027	-4,332	-5,327	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-851	0	0	0
Investing cash flows
-	-	-	-	-	-	-	-	-	-	-	-	-	615	3,847	3,443	3,186	2,864	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financing cash flows
-	-	-	-	-	-	-	-	-	-	-	-	-39	58	-8	-10	127	-3	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-83	0	0	0
Net cash provided by (used in) discontinued operations
-	-	-	-	-	-105	-110	-180	-70	-78	-25	270	404	1,404	2,782	1,406	-1,019	-2,466	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-934	0	0	0
NET INCREASE (DECREASE) IN CASH
2,706	1,239	-127	-2	11	1,099	101	-106	-167	-18,660	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
NET DECREASE IN CASH AND CASH EQUIVALENTS
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,462	9,064	24,420	20,105	9,125	-10,320	-12,824	-10,254	-2,068	-11,004	-1,991	0	0	0
Supplemental cash flow information:
Interest paid
-	-	-	-	-	1,168	994	905	741	585	531	444	428	494	381	626	693	652	814	682	560	601	551	442	598	789	1,321	1,532	1,569	1,503	1,126	1,102	1,043	1,029	0	0	0
Income taxes paid
-	-	-	-	-	-	-	-	-	44	53	33	14	23	35	25	59	48	65	95	61	62	35	11	11	22	20	15	33	26	25	24	-8	34	0	0	0
Non-cash activities:
Issuance of restricted stock grants
-	-	-	-	-	803	847	840	853	813	812	783	716	753	611	744	953	919	1,450	1,309	975	888	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Assets acquired
-	-	-	-	-	-	-	-	-	26,602	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Liabilities assumed
-	-	-	-	-	-	-	-	-	7,619	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock issued under defined contribution 401(k) plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Common stock issued under defined contribution 401(k) plan
-	-	-	-	-	803	847	840	853	813	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock issued under defined contribution 401(k) plan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0