Cdti advanced materials, inc. (CDTI)
CashFlow / Yearly
Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10
Cash flows from operating activities:
Net loss

-5,283

-23,474

-8,534

-9,336

-7,098

-9,660

-7,311

-8,306

Net loss from discontinued operations

-

-

-112

-223

-255

-34

91

968

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

680

780

924

1,007

1,193

1,430

1,748

1,286

Write-down of excess and obsolete inventory

-

-

-

-

491

1,279

96

-

Provision for doubtful accounts

-

-

-

-

-

53

45

-37

Stock-based compensation expense

421

1,631

767

639

667

532

1,495

275

Gain on sale of DuraFit business

805

0

-

-

-

-

-

-

Gain on change in fair value of liability-classified warrants

-523

-1,554

-2,617

506

180

90

-

-

Amortization of debt discount

0

460

0

-

-

128

-

-

Loss related to litigation

-

-

-

-

0

-

-

-

Deferred income taxes

-

-

-

-

-

-171

-

-686

Deferred income tax provision

-

-

-

-

-

-

-134

-

Loss on extinguishment of debt

-194

-12,410

0

-

-

-

-

-

Gain on change in fair value of bifurcated derivative liability

0

2,754

0

-

-

-

-

-

Loss on change in fair value of liability-classified warrants

-

-

-

-

-

-

-1,099

-

Loss (income) from unconsolidated affiliates

-

-

-

-

-561

27

-60

-19

Change in fair value of liability-classified warrants

-

-

-

-

-

-

-

810

Change in fair value of financial instruments

-

-

-

-

-

-

-

-337

Beneficial conversion on convertible notes

-

-

-

-

-

-

-

1,342

Amortization of debt discount and accretion of debt payment premium

-

-

-

-

-

-

110

1,359

Amortization of debt issuance costs

-

-

-

-

-

108

125

272

(Gain) loss on foreign currency transactions

-92

965

718

878

-16

-119

297

-530

Loss on disposal of property and equipment

-

-

-

-

-18

-178

-24

-60

Offering costs allocated to warrants issued

-

-

-

-

123

-

-

-

Impairment of goodwill

0

4,675

0

-

-

-

-

-

Offering costs

-

-

833

-

-

-

-

-

Payment of settlement obligation

-

-

-

-

-

-

1,575

-

Repayment of capital lease obligations

-

-

-

-

-

-

29

30

Offering costs

-

-

-

293

-

-

-

-

Other

-187

-150

256

390

-77

-

-

-

Changes in operating assets and liabilities:
Gain on sale of intellectual property

-

-

-

-

-

-

-

3,900

Accounts receivable

-3,368

1,124

1,705

-2,024

450

-6,409

-6,532

-3,008

Inventories

-2,056

-965

2,483

1,359

-2,037

-483

-5,328

-1,841

Prepaid expenses and other assets

-454

-571

294

83

149

191

82

-820

Accounts payable, accrued expenses and other current liabilities

-6,226

1,894

2,790

-2,374

-

-

-

-

Accounts payable, accrued expenses and other current liabilities

-

-

-

-

385

-64

-

-

Accounts payable

-

-

-

-

-186

-428

1,458

-788

Income taxes payable

52

-669

312

-189

1,057

-252

-117

-768

Accrued expenses and other current liabilities

-

-

-

-

-

-

505

-181

Cash used in operating activities of continuing operations

-

-

-10,869

-9,917

-823

-198

-14,553

-3,675

Cash provided by operating activities of discontinued operations

-

-

-712

-15

392

38

-70

-589

Net cash used in operating activities

-5,333

-7,004

-11,581

-9,932

-431

-160

-14,623

-4,264

Cash flows from investing activities:
Distribution from unconsolidated affiliate

-

-

-

-91

-

-

-

-

Loan to unconsolidated affiliate

-

-

-

-

-

-

-

413

Repayments on loans to unconsolidated affiliate

-

-

-

-

-

129

51

-

Cash acquired in merger with Clean Diesel Technologies, Inc.

-

-

-

-

-

-

-

3,916

Purchases of property and equipment

24

146

661

454

135

236

619

422

Proceeds from sale of DuraFit business

-3,337

0

-

-

-

-

-

-

Proceeds from sale of DuraFit business

-

-

-

1,328

0

-

-

-

Proceeds from sale of property and equipment

0

79

208

307

0

18

37

-

Cash provided by (used in) investing activities of continuing operations

-

-

-

1,272

-845

-

-

-

Cash used in investing activities of discontinued operations

-

-

-

-8

-7

-

-

-

Distribution from unconsolidated affiliate

-

-

-

-

710

-

-

-

Proceeds from sale of intellectual property

-

-

-

-

-

-

-

2,000

Net cash provided by investing activities

3,313

-67

-453

1,264

-852

-89

-531

5,081

Cash flows from financing activities:
Net payments under demand line of credit

-1,458

-2,055

671

584

-3,217

948

4,527

-

Payments of shareholder notes payable

2,000

0

-

-

-

-

-

-

Proceeds from issuance of debt

0

3,750

0

-

-

-

-

-

Proceeds from issuance of common stock and warrants, net of offering costs

-

-

-

9,923

-

-

-

-

Proceeds from issuance of common stock and warrants, net of offering costs

0

10,200

7,115

-

-

-

-

-

Borrowings under line of credit

-

-

-

-

-

-

-

1,057

Repayment of line of credit

-

-

-

-

-

-

2,540

4,140

Repayment of long-term debt

-

-

-

-

-

-

-

1,500

Proceeds from issuance of shareholder notes payable

-

-

-

-

-

-

3,000

-

Net proceeds from issuance of common stock

-

-

-

-

1,839

-

10,181

-

Proceeds from exercise of stock options

42

0

-

525

0

-

-

-

Proceeds from exercise of warrants

122

240

0

1,000

0

-

394

1,378

Proceeds from issuance of shareholder notes payable

-

-

-

-

-

3,000

-

5,500

Payments for debt issuance costs

-

-

-

-

-

108

165

272

Other

-

-

-

-18

-4

-105

-

-

Net cash provided by (used in) financing activities

-3,294

12,135

7,786

12,014

-1,382

3,735

13,793

1,993

Effect of exchange rates on cash

282

-183

-14

-35

-304

-79

-175

-139

Net change in cash

-5,032

4,881

-4,262

3,311

-2,969

-

-

-

Net change in cash

-

-

-

-

-

3,407

-1,536

2,671

Cash paid for interest

-

-

-

1,107

1,193

-

-

-

Cash paid for interest

-

-

-

-

-

1,140

1,017

473

Cash paid for income taxes

-

-

-

879

-

105

181

1,500

Cash paid (received) for income taxes

-

-

-

-

-372

-

-

-

Issuance of warrants classified as derivative liability

-

-

-

-

749

-

-

-

Accrued interest and debt settled in common stock and warrants

-

-

-

-

-

0

-

-

Warrants issued to underwriters in public offering

-

-

-

-

-

0

-

-

Loan to unconsolidated affiliate converted to investment

-

-

-

-

-

0

-

-

Offering warrants classified as derivative liability

-

-

-

-

-

0

-

-

Convertible notes converted into common stock

-

-

-

-

-

-

-

5,696

Fair value of CDTI merger consideration, net of cash acquired

-

-

-

-

-

-

-

3,656

Liabilities settled in common stock and warrants

-

-

-

-

-

-

-

1,259

Settlement obligation incurred in settlement of long-term debt

-

-

-

-

-

-

-

1,575