HireQuest, Inc. CCNI Cash Flow

Hirequest, inc. (CCNI)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Mar'19	Dec'18	Sep'18	Jun'18	Jun'18	Mar'18	Mar'18	Dec'17	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
875	-	-	-	1,717	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income (loss)
-	3,462	-3,420	411	-	-744	-3,952	5,581	-	563	-1,217	-1,217	-	-88	850	734	182	-21	838	278	-538	125	820	530	81	1,118	6,000	1,496	510	1,228	1,227	472	12	556	721	842	-561	-	1,419	669	-2,301
Income from discontinued operations
0	-	-	-	-19	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net income from continuing operations
875	-	-	-	1,697	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile net income to net cash used in operations:
Depreciation and amortization
31	324	-54	62	14	67	297	-154	-	87	92	92	-	98	96	96	95	87	110	61	39	42	42	43	42	-	-	-	64	67	66	128	89	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	82	120	77	95	127	131
Allowance for losses on notes receivable
1,447	-	-	47	0	45	-	-	-	17	-10	-10	-	48	703	-560	18	359	326	52	29	58	-70	85	9	117	-280	85	-8	-174	-356	609	39	292	70	-47	-28	59	20	-54	-32
Change in fair value of derivative liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-0	-0	884	-41	-55	-624	-372	-461	616	-93	-403	-461	780
Common stock issued for services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	46	9	14	12	-	-	-	-
Stock based compensation
322	404	197	67	0	87	332	-218	-	191	26	26	-	34	104	7	9	-49	-49	113	131	248	167	162	163	298	36	68	16	31	22	41	49	43	43	33	18	18	18	18	50
Deferred taxes
-681	-1,526	287	238	0	-241	-358	389	-	106	-496	-496	-	657	395	495	116	132	255	60	0	5	530	299	-12	431	-4,317	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Reserve on workers' compensation risk pool deposit in receivership
-	-	-	0	-	0	-	-	-	0	1,540	1,540	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cumulative effect of accounting change
-	-	-	0	-	0	-	-	-	0	3	3	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposition of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-96	34	0	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Accounts receivable
-3,774	-5,252	11,445	1,215	1,120	67	-4,239	3,896	-	211	-150	-150	-	-1,523	1,151	489	-800	-1,720	2,199	682	392	-1,161	-184	1,864	-547	-2,580	2,027	831	-1,913	-1,887	-3,059	-802	2,743	-122	-2,574	-2,190	-862	1,209	-211	-1,824	185
Prepaid expenses, deposits and other assets
954	-304	-1,078	-72	208	-133	-509	150	-	89	-90	-90	-	258	-250	244	-146	265	-48	80	40	-239	5	351	-85	-87	-77	259	-162	-96	-5	-62	83	135	7	-208	52	222	-163	-79	-16
Prepaid workers' compensation
-530	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Due from affiliates
0	-	-	-	-143	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10	4	-	-	-	-	-	-	-	-	-	-	-	-
Prepaid workers' compensation
-530	431	-440	-224	0	-101	-44	313	-	-194	-119	-119	-	135	421	-443	464	-263	-54	-9	338	340	0	-416	-99	231	2	-662	-125	77	17	-123	22	12	42	-62	11	11	171	189	-167
Other receivables
-	-	-	-	-	-685	-	-	-	-	-	324	-	-	-	-	-	-	-	-	60	-59	51	6	-5	6	-19	-23	15	6	3	0	-0	-1	-4	0	-0	136	-140	-7	6
Accounts payable
-10	291	-400	341	-12	-32	-342	271	-	10	-324	-283	-	155	-277	286	-363	278	-126	105	-55	145	79	-78	-132	114	89	119	-179	-486	343	39	-215	202	-85	235	-530	628	-720	321	-876
Risk management incentive program liability
311	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Checks issued and payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-96	275	-	-	-	-
Other current liabilities
354	-4,330	4,500	-737	0	364	391	-103	-	-754	-283	388	-	248	254	-184	185	117	-182	-82	-99	92	-36	-239	257	-34	-81	189	-150	-260	230	65	-215	-236	176	107	-99	-189	190	-3	0
Accrued benefits and payroll taxes
496	-875	-931	125	278	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Due to franchisees
-291	-	-	-	1,357	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating leases
-	-	-18	-6	-	50	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued wages and benefits
-	-	-	-	-	-	-	-	-503	-	388	-	-	-191	-84	351	-139	624	75	-136	-449	-190	508	-30	-501	-234	750	-90	-476	212	180	-334	-54	-366	554	-93	832	-712	432	-127	311
Loss on disposition of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-11	-	-	-	-	-	-	-	-	-	-	-	-
Workers' compensation risk pool deposits
-	-	-	191	-	2	-	-	-	99	0	0	-	0	5	6	0	1	0	1	240	37	-10	223	-1	4	22	-138	102	-19	-578	-436	-155	51	-394	-549	116	82	113	273	516
Checks issued and payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	178	-280	83	-35	30	153	-139	-269	319	155	-	-144	-186	68	-	-	-	-	-	-	-389	708
Accounts receivable factoring agreement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,478	-568
Workers' compensation claims liability
319	1,573	519	-122	0	34	-66	-50	-	50	0	0	-	-187	68	-508	-130	-199	27	112	-667	-421	362	-241	-85	-339	292	-498	102	334	109	110	-808	-215	560	618	217	-605	-183	-717	292
Net cash provided by operating activities - continuing operations
2,149	-	-	-	2,149	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities - discontinued operations
37	-	-	-	-531	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
5,502	6,157	-329	-1,154	1,617	284	2,296	413	-	81	-168	-168	-	2,239	1,572	-452	1,387	2,223	-918	34	-1,803	2,013	2,422	-1,647	546	4,321	1,456	-99	2,080	2,903	1,167	-468	1,604	198	-691	-1,532	190	374	123	-546	-952
Cash flows from investing activities
Cash paid for acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	150	0	0	0	0
Purchase of property and equipment
676	222	252	32	158	0	-155	229	-	17	67	67	-	1	1	8	92	-23	85	34	3	84	0	0	38	13	16	185	30	21	19	10	7	102	91	28	70	57	149	35	35
Proceeds from the sale of property and equipment
0	161	573	-13	13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from payments on notes receivable
438	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash issued for notes receivable
81	-	-	-	11	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in franchisee deposits
642	-	-	-	1,030	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by investing activities
323	8,691	1,153	-32	875	0	-257	205	-	1	-67	-67	-	-1	-1	-8	-92	23	-85	-2,014	-3	-84	-0	-173	-38	-13	-16	-185	-30	-21	-9	19	-7	-102	-91	-28	-220	-57	-149	114	-35
Cash flows from financing activities:
Net change in line of credit
0	-	-	-	743	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to affiliates
0	-	-	-	3,093	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from affiliates
27	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments to account purchase agreement facility
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	144	-	-	-	-
Payments on notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	25	75	50	0	0	0	0
Proceeds from the sale of common stock in Command Center acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25
Net change in account purchase agreement facility
-	-	-	-739	-	611	-	-	-	421	671	671	-	217	-460	-812	589	-316	326	-398	479	-110	870	730	929	-	-1,795	3,070	2,104	117	-599	-898	2,381	-	-	-	-	-	-	-	-
Purchase of treasury stock
-	0	8,155	15	-	198	1,829	-718	-	589	129	129	-	320	54	0	0	152	496	659	220	204	923	252	235	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net distributions
0	-	-	-	-1,035	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from the conversion of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16	0	8	3	0	326	9	0	-	-	-	-	-	-	-	-	0	0	50	170
Net cash provided by (used in) financing activities
27	-12,190	401	724	-3,385	-809	-2,042	1,570	-	-1,011	-800	-800	-	-537	405	812	-589	239	-897	-678	-700	-78	-1,793	-973	-1,162	-1,743	1,840	-2,725	-2,104	-117	599	898	-2,381	198	1,757	1,018	-194	373	0	25	195
Net increase (decrease) in cash
5,853	2,659	1,225	-462	-892	-525	-2	2,189	-	-928	-1,035	-1,035	-	1,700	1,976	351	705	2,486	-1,901	-2,659	-2,507	1,850	628	-2,794	-654	2,564	3,281	-3,010	-54	2,764	1,757	449	-784	293	973	-541	-224	691	-25	-407	-793
Supplemental disclosure of non-cash investing and financing activities
Purchase of vested stock options
-	-	-	0	-	0	-	-	-	0	240	240	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock issued for services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-73	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock issued for services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-28	26	28
Common stock issued for services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	73	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock issuable for subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Common stock issued for services
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	22
Cashless exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10	0	0	42	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Common stock issued for subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-70	49	21	390	0	0	0	0
Contingent consideration recorded in acquisition of subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	851	0	0	0	0
Note payable issued for subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	150	0	0	0	0
Shares to be issued for contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	322	0	0	0	0	-	-	-	-
Supplemental disclosure of cash flow information
Interest paid
11	37	521	0	30	0	3	-2	-	0	2	2	-	4	6	1	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11	40	27	24	23	7	6	14	70	22	38	52	74	141	174	142	152	101	163	153	123	92
Income taxes paid
2	1,819	-56	55	0	0	18	-2	-	-0	-3	3	-	456	-182	247	0	111	58	-3	3	0	0	22	81	61	9	30	124	32	0	0	0	45	0	0	0	0	0	0	0
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	8	34	-43	-	-	-	-	-25	0	17	3	18	7	-47	0	-	-	-	-