Carbo ceramics inc (CRR)
CashFlow / Quarterly
Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
Operating activities
Net loss

-238,574

-29,428

-16,205

-19,994

-21,612

-16,737

-14,812

-22,272

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-32,444

-15,197

-19,950

-20,296

-24,684

-50,040

-13,898

-17,004

-28,602

399

13,745

23,017

18,427

20,855

30,148

16,306

17,577

19,827

23,898

31,917

30,291

33,117

36,911

29,944

30,164

20,815

20,175

18,734

18,992

Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization

7,143

8,054

7,709

7,801

7,953

8,683

8,944

9,025

9,359

11,532

10,961

12,430

11,952

12,051

12,157

12,291

13,564

13,887

14,012

12,994

13,801

13,353

11,903

11,803

12,326

11,752

11,486

11,908

11,560

11,532

11,197

10,604

10,354

9,174

8,307

8,180

7,420

6,978

6,596

6,734

Amortization of debt issuance costs and original issue discount

288

187

892

169

172

173

171

169

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for doubtful accounts

350

213

79

104

416

64

39

42

96

80

175

238

-284

373

405

424

1,590

66

110

91

151

149

157

89

326

0

3

25

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

-

-

1,051

-171

0

4

-2,210

-542

-684

1,302

-15,260

-11,935

-11,443

-11,897

-26,446

-6,842

-9,469

-14,043

26,062

-4,158

2,003

482

6,256

1,256

1,550

1,059

3,743

2,170

2,798

2,501

-1,840

3,158

1,633

1,272

-401

2,302

553

208

Excess tax benefits from stock based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

372

67

0

0

67

92

35

0

1,257

129

0

42

1,228

91

29

72

567

Lower of cost or net realizable value inventory adjustments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

174

0

0

4,372

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on disposal or impairment of assets

-211,948

-12,930

-89

71

-8

1,038

55

4

-40

-125,738

0

0

21

15

23

-948

-44,259

-15

131

32

-10,215

-5,055

183

8

-13

16

38

2

-530

-42

59

-5

-11

112

-3,328

1,679

-1,653

193

8

3

Noncash lease expense

-875

-838

222

640

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Foreign currency transaction gain, net

-

-

-

-

-

-

-

-

0

37

3

-5

-28

36

-18

129

-79

222

-1

-48

-221

-108

49

-23

-15

29

-19

-12

-45

-175

579

-435

93

86

-126

-188

-46

-63

-23

36

Stock compensation expense

521

748

725

861

538

773

1,363

891

1,061

1,081

1,402

1,348

1,125

1,415

1,835

1,564

1,484

1,606

2,215

2,242

1,642

1,433

2,368

2,086

1,318

1,330

1,432

1,757

1,284

964

1,405

1,682

977

947

1,436

1,359

993

923

971

925

Change in fair value of derivative instruments

-

-

-

-

563

626

744

604

355

734

226

-385

3,047

915

2,941

784

575

-772

1,589

-12,547

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Trade accounts and other receivables

-8,171

-1,709

-5,607

-6,069

-1,560

-3,668

5,977

-2,200

5,995

410

8,334

5,794

3,810

-2,169

-2,871

-23,339

-9,501

-8,452

367

-63,785

20,869

-18,084

24,427

-17,701

-30,684

46,168

773

5,767

-14,444

-26

5,836

-311

-1,397

10,207

-3,616

17,907

3,048

19,054

-5,874

13,629

Inventories

-6,310

-74

3,364

-9,194

-9,024

-4,296

4,139

-4,975

-4,957

-878

766

-5,455

-5,441

-2,199

-4,730

5,937

-6,980

-2,395

-15,776

-1,871

4,604

18,946

-5,278

7,352

4,833

-13,273

-4,521

6,893

9,605

-78

-5,719

3,781

5,979

22,432

13,411

-118

4,674

8,570

2,069

-4,495

Prepaid expenses and other current assets

-

-1,922

498

-304

-

-511

-997

1,404

-969

-308

-97

650

-218

-675

-664

-169

-1,198

-1,105

1,577

-711

-1,634

-1,570

3,996

-680

-2,636

306

2,924

542

-2,529

1,228

1,601

-150

-726

-374

1,520

722

-383

-596

1,771

-618

Long-term other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-528

-723

-78

279

343

-2,427

1,927

-996

-262

-856

-855

-10,699

-540

0

-766

24,326

204

-14

-433

1

-1

1

13

Accounts payable

-3,770

-2,270

889

404

-4,715

-2,703

-2,394

1,053

2,871

7,581

2,689

-1,475

5,061

-2,236

-1,755

-439

-1,057

-1,732

1,706

-6,778

-6,422

4,153

4,214

134

1,870

7,305

-3,569

-1,276

7,618

-7,677

-7,887

-10,255

13,403

5,151

-2,206

-377

-4,938

8,543

5,033

4,801

Accrued expenses

717

8,460

595

-8,533

6,123

1,890

-1,725

-2,578

5,126

1,708

1,068

785

-67

798

-6,257

-2,879

-328

1,528

1,344

-11,648

-915

3,303

1,360

-6,235

-2,053

10,478

979

-7,727

-817

2,671

2,399

-14,881

4,948

4,209

6,797

-4,108

3,194

4,657

296

13

Income tax receivable, net

10

-810

54

-63

-23

-5

57

40

712

102

206

-1,377

-909

-154

37,477

-277

2,697

1,019

585

15,479

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued income taxes, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,024

-10,677

8,578

-4,008

5,239

-10,162

6,108

-3,905

3,538

-6,934

12,698

1,676

-2,080

-15,456

13,880

205

-37

-9,393

6,530

Other, net

-96

-84

-300

469

-405

-631

-746

-1,380

-826

-718

-684

-721

-720

-727

-287

4

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in operating activities

-4,094

1,141

-4,946

-3,584

3,255

-591

-17,179

-7,083

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in operating activities

-

-

-

-

-

-

-

-

-

-

-

-19,071

-12,650

-14,719

17,729

-8,295

2,448

8,679

6,335

53,115

8,998

39,280

13,395

44,109

66,334

34,524

19,686

17,027

57,867

36,694

32,551

29,269

34,231

25,043

19,208

32,931

21,188

16,741

24,782

29,074

Investing activities
Capital expenditures

-5

1,112

462

623

371

489

788

391

503

919

542

634

294

115

351

6,088

11,414

14,673

13,773

22,887

30,237

45,745

46,579

38,908

38,750

30,017

17,417

13,752

13,065

13,836

23,310

26,978

27,247

25,680

15,900

21,568

27,860

32,412

21,432

14,862

Net proceeds from asset sales

231

726

42

71

22,293

5,159

55

19

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by investing activities

-1,302

-794

-1,604

-552

21,922

4,670

-733

-372

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments on long-term debt

-

-

-

-

-

-

-

-

0

0

0

3,250

3,033

3,033

3,033

23,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of BBL Falcon Industries, Ltd.

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-193

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-634

-294

-115

-351

-6,088

-11,414

-14,673

-13,773

-22,887

-30,237

-45,745

-46,579

-38,908

-38,750

-30,017

-17,417

-13,752

-13,065

-13,836

-23,310

-26,978

-27,247

-25,680

-15,900

-21,568

-22,871

-32,412

-26,421

-14,669

Financing activities
Repayments on insurance financing agreement

-

-

-

-

-

-

-

-

373

372

89

462

459

458

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments on notes payable

807

989

365

509

444

441

125

375

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of debt issuance costs

-

-

-

-

-

-

-

-

0

114

0

875

0

0

339

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from bank borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

50,000

-

-

-

-

-

-

-

-

0

0

0

10,000

-

-

-

-

-

-

-

-

Repayments on bank borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

10,000

-

-

-

-

-

-

-

-

Net proceeds from stock based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

76

0

60

194

0

Dividends paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,327

2,330

2,327

7,682

7,621

7,624

6,931

6,945

6,923

6,924

6,247

6,256

6,235

6,233

5,540

5,555

5,546

5,559

4,632

4,632

4,622

4,622

4,163

4,163

Purchase of common stock

0

0

0

279

0

0

0

421

5

1

15

518

7

2

23

418

29

2

0

549

87

1,113

0

5,779

137

0

3,150

3,671

272

0

0

7,655

86

6,650

38

776

44

2

1,295

563

Net cash (used in) provided by financing activities

-807

-989

-24,352

2,587

-444

-441

2,724

-796

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from stock based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

372

67

0

0

67

92

35

0

1,257

129

0

42

1,228

91

29

72

567

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-5,105

-3,499

42,071

21,605

-23,418

-2,356

-9,332

17,673

41,769

17,292

-8,737

-6,931

-12,352

-6,993

-6,924

-9,397

-9,860

-6,415

-6,144

-5,540

-11,953

-5,503

-12,209

-4,628

-4,104

-4,575

-4,535

-5,192

-4,159

Effect of exchange rate changes on cash

-

-

-

-

-

-

-

-

0

-3

-264

513

124

39

278

397

-506

-564

206

-152

-1,859

-1,073

396

-1,001

-98

151

-646

-253

227

441

-868

425

112

-727

211

444

114

360

-498

172

Net (decrease) increase in cash and cash equivalents and restricted cash

-6,203

-642

-30,902

-1,549

24,733

3,638

-15,188

-8,251

506

27,252

-16,756

-24,297

-16,319

27,276

39,261

-37,404

-11,828

-15,890

10,441

71,845

-5,806

-16,275

-39,719

-8,152

20,493

-2,266

-7,774

-6,838

38,614

17,155

2,833

-9,237

1,593

-13,573

-1,109

7,703

-6,144

-19,846

-7,329

10,418

Supplemental cash flow information
Interest paid

30

2,327

1,520

2,949

949

2,901

944

2,906

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

-

-

761

1,813

1,632

858

966

1,182

757

510

164

115

17

-7

10

7

0

2

1

2

4

65

7

-

-

-

-

-

-

0

0

Income taxes paid

-

-

-

-

-

-

-

-

-8

465

0

0

0

0

0

0

0

0

0

0

143

13,323

17,137

16

8,106

7,756

16,392

761

10,166

5,249

20,104

517

16,235

18,225

30,058

553

10,210

8,618

18,831

3,008

ATM Program
Proceeds from issuance of common stock under ATM program

0

0

1,231

3,375

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-