Cvd equipment corp (CVV)
CashFlow / Quarterly
Mar'20Dec'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'11
Cash flows from operating activities:
Net income/(loss)

1,658

-2,619

-138

-1,392

-2,176

-1,926

-2,502

-1,330

558

1,584

1,395

1,256

1,024

769

-85

-495

-337

390

811

1,334

668

-3,265

857

201

-268

-555

-438

873

-440

-793

179

320

728

1,074

1,238

778

687

Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities
Stock-based compensation

72

95

99

178

198

236

279

201

222

255

242

218

217

231

197

183

163

194

185

175

195

145

117

115

137

267

73

62

57

59

57

41

76

74

72

75

68

Depreciation and amortization

327

244

243

279

275

316

280

270

273

243

205

210

207

195

192

209

215

190

191

222

222

207

195

197

196

173

170

172

129

74

149

152

139

183

136

139

137

Deferred income tax (benefit)/expense

-

2,124

-1

-239

-459

-179

-372

59

-2

272

71

196

291

401

-203

-500

-132

1,965

-358

-177

204

-1,673

31

-61

219

-889

-175

130

-462

-339

98

-21

84

324

34

70

3

Provision for bad debts

-

-

-

-

-

-

-

-

-

-1

0

1

0

-55

-0

41

-0

-62

0

0

30

26

5

7

-97

-534

623

-14

1

7

0

-3

1

9

-3

0

0

(Increase)/decrease in operating assets
Accounts receivable

692

-526

1,006

-37

-1,961

1,477

-135

-6,256

6,920

-2,000

2,206

-6,191

7,438

-6,608

-611

4,422

297

-2,025

-1,458

-1,613

1,694

1,854

653

2,035

-1,022

-3,039

2,209

-235

-492

388

1,275

1,569

-2,376

1,401

-1,547

-178

1,086

Contract assets

1,240

-2,074

933

565

-268

-1,193

-2,763

1,594

-4,677

3,939

1,430

1,283

-852

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Costs and estimated earnings in excess of billings on contracts in progress

-

-

-

-

-

-

-

-

-

-

-

-

-

-563

300

-1,466

-309

2,123

-817

-121

952

-86

-9

659

356

-745

-1,970

1,295

268

-523

-2,075

1,759

158

1,388

489

-1,199

1,073

Inventories

-19

-59

-163

187

-116

-889

103

-81

-235

524

-78

358

-543

225

-34

-100

199

-660

-557

-497

-139

-371

-87

345

458

1,398

62

131

161

-174

-29

-207

-52

-215

-70

-5

-469

Tax receivable

1,528

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current assets

-200

-

-198

-238

24

-

178

-6

53

-44

-132

-131

240

45

194

-86

-85

62

3

28

-123

-15

40

20

-97

62

31

24

-64

-18

-385

426

18

-442

403

29

23

Other assets

-

-

-

-

-

545

-170

39

138

1

12

-13

10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase/(decrease) in operating liabilities
Accounts payable

201

-495

-118

369

66

-548

34

123

-70

-217

39

314

295

2,686

-1,559

-623

-68

-2,116

-937

1,207

471

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued expenses

-422

111

-24

189

37

-274

-297

-484

-178

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Current maturities of long term debt

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Contract liabilities

-671

702

-27

-522

156

307

-50

-1,235

1,048

250

-2,768

-1,668

-609

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued expenses

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

734

571

357

-

296

-103

-88

-

-123

-482

784

-

362

377

788

Billings in excess of costs and estimated earningson contracts in progress

-

-

-

-

-

-

-

-

-

-

-

-

-

-3,868

3,937

5,162

29

-753

352

-2,102

1,174

783

482

-335

144

247

-40

-216

-213

389

-232

-621

-746

-196

-4,080

-772

4,413

Accrued litigation settlement

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-4,925

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

1,398

155

791

27

-4

-430

-217

574

241

-286

400

-1,907

1,928

-72

122

16

-297

73

55

23

-333

164

182

141

-204

-61

-112

-78

122

163

159

-30

-1,047

999

-166

-242

398

Total adjustments

-2,333

5,283

-835

-143

2,593

-287

2,266

4,257

-525

-298

-5,437

2,047

-3,952

4,915

2,559

1,720

-193

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by operating activities

-675

2,663

-973

-1,536

416

-2,213

-236

2,926

33

1,286

-4,041

3,303

-2,928

5,685

2,473

1,225

-531

-85

3,096

2,887

-4,164

962

2,012

-2,221

791

914

63

-1,277

-768

-454

1,504

-3,504

2,272

-695

-1,656

1,755

4,784

Cash flows from investing activities:
Release of restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-200

0

-200

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures

422

572

681

995

438

279

984

468

805

270

167

166

284

69

8

2

31

35

45

44

122

221

89

165

141

258

338

508

966

1,672

2,399

122

7,602

23

81

42

57

Deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

9

-190

170

-311

-

-

-

-

Net cash used in investing activities

-422

-572

-703

-972

-438

-279

-806

-507

-943

-14,692

-179

-152

-295

-569

-8

198

-31

-34

154

-44

-122

-212

110

-165

58

-248

-341

3,112

-966

-1,681

-2,009

1,311

-7,290

-23

-1,441

-42

-57

Net proceeds from stock options exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

51

0

51

46

11

0

17

-0

228

3

54

394

-9,312

9,436

-44

Proceeds from mortgage payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

6,000

-

-

-

-

Payments of long-term debt

166

165

164

163

164

259

161

157

165

75

75

75

75

75

-135

180

180

75

145

180

180

180

180

180

180

180

180

2,444

232

232

231

230

154

154

2,171

66

305

Net cash used in financing activities

-166

-165

-164

-163

-164

-259

-161

-157

-165

10,436

-75

-52

-75

-75

135

282

-180

-75

-145

-180

-180

-180

-128

-180

-128

-133

-168

-2,444

-215

-232

-2

-227

5,899

237

1

9,374

-349

Net decrease in cash and cash equivalents

-1,264

1,925

-1,841

-2,672

-186

-2,752

-1,204

2,261

-1,075

-2,969

-4,296

3,098

-3,298

5,040

2,600

1,706

-743

-195

3,105

2,663

-4,466

570

1,994

-2,567

720

532

-445

-609

-1,950

-2,368

-507

-2,420

881

-481

-3,095

11,087

4,377

Supplemental disclosure of cash flow information:
Income taxes paid

-

-

-

-

-

77

0

195

200

-100

300

401

0

0

1

0

100

0

327

0

100

0

0

-1

1

0

0

0

0

-3

125

218

111

307

0

200

305

Interest paid

115

-0

124

128

112

108

112

125

116

18

17

17

17

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capitalization of right to use Asset

-

-19

-25

-21

150

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

22

19

21

22

24

24

25

27

27

29

64

0

46

52

56

59

56

32

33

46

48

53