Dlh holdings corp. (DLHC)
CashFlow / Yearly
Sep'19Sep'18Sep'17Sep'16Sep'15Sep'13Sep'12Sep'11Sep'10
Operating activities
Net income

5,324

1,836

3,288

3,384

8,728

-

-

-

-

Net Income (loss)

-

-

-

-

-

-159

-2,026

-4,320

-5,807

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

3,956

2,242

-

-

-

-

-

-

-

Depreciation and amortization expense

-

-

1,724

1,244

55

299

275

146

118

Amortization of Debt Issuance Costs

982

275

268

289

0

-

-

-

-

Change in fair value of derivative financial instruments

-

-

-102

-27

0

-

-

-

-

Stock based compensation expense

790

1,375

662

465

479

-

-

398

144

Impairment charge

-

-

-

-

-

-

-

2,583

1,341

Change in fair value of derivative financial instruments

-

-

-

-

-

-41

105

107

-

Compensation expense related to employee restricted stock grants

-

-

-

-

-

-

-

14

179

Compensation expense related to director restricted stock grants

-

-

-

-

-

-

-

20

57

Non cash equity grants

-

-

-

-

-

206

395

12

-

Loss on retirement of equipment

-

-

-31

-3

0

0

-2

-45

-1

Deferred taxes, net

-1,792

-5,502

-1,776

1,108

5,710

-

-

-

-

Settlement of retroactive payment claim, net

-

-

-

-

629

-

-

-

-

Settlement of legacy payroll tax issue, net

-

-

-

-

-1,477

-

-

-

-

Gain on settlement of notes payable

-

-

-

-

-

0

486

-

-

Changes in operating assets and liabilities
Accounts receivable

-617

-1,631

5,274

3,351

220

-1,085

1,916

-212

-103

Other current assets

57

162

56

113

-83

-51

-48

-160

83

Accrued payroll

178

1,260

-

-

-

-

-

-

-

Other assets

-

-

-

-

0

303

258

150

93

Accounts payable, accrued expenses, and other current liabilities

5,262

54

3,945

5,106

-506

628

1,183

-1

-

Accounts payable, accrued payroll, accrued expenses and other current liabilities

-

-

-

-

-

-

-

-

845

Other long-term assets/liabilities

-805

64

58

94

-78

-43

56

1

-8

Cash flows from discontinued operation

-

-

-

-

-

-

-

-

959

Net cash provided by operating activities

18,039

14,077

6,524

6,040

1,983

1,805

-2,832

-987

-2,244

Investing activities
Business acquisition, net of cash acquired

67,079

0

250

32,241

0

-

-

-

-

Cash flows from discontinued operation

-

-

-

-

-

-

-

-

375

Purchase of equipment and improvements

405

654

1,064

498

142

9

68

37

194

Net cash used in investing activities

-67,484

-654

-1,314

-32,739

-142

-9

-68

-37

181

Financing activities
Borrowing on revolving line of credit, net

70,000

0

-

-

-

-

-

-

-

Repayments of senior debt

21,708

11,979

-

-

-

-

-

-

-

Proceeds from issuance of stock

-

-

-

-

0

-

-

-

-

Payment of debt financing costs

3,451

65

0

-

-

-

-

-

-

Repayments on senior debt

-

-

-3,750

23,437

-

-

-

-

-

Net borrowing on senior debt

-

-

-

-

0

-

-

-

-

Repayments of capital lease obligations

-

-

86

94

8

51

37

18

-

Payment of deferred financing costs

-

-

-

-

0

-

-

-318

-

Net (payments) advances on revolving line of credit

-

-

-

-

-

-1,412

1,623

378

362

Settlement of notes payable

-

-

-

-

-

0

225

200

-

Rights offering proceeds

-

-

-

-

-

0

4,197

-

-

Payment of deferred financing costs

-

-

-

1,333

-

14

335

-

-

Repayments on capital lease obligations

-

-

-

-

-

-

-

-

21

Proceeds from issuance of stock upon exercise of options

-

-

-

2,521

-

0

3

146

-

Proceeds from issuance of common stock upon exercise of options

39

46

129

37

-

-

-

30

-

Proceeds from stock option expense

-

-

-

-

0

-

-

-

-

Repurchased shares of common stock subsequently canceled

-

-

-

-

183

-

-

-

-

Cash flows from discontinued operation

-

-

-

-

-

-

-

-54

-83

Net cash used in financing activities

44,880

-11,998

-3,707

24,568

-191

-1,477

5,226

600

258

Net change in cash and cash equivalents

-4,565

1,425

1,503

-2,131

1,650

319

2,326

-424

-1,805

Supplemental disclosures of cash flow information
Cash paid during the period for interest

1,502

800

883

-

-

-

-

-

-

Cash paid during the period for interest

-

-

-

454

36

94

298

229

46

Equipment purchases with capital leases

-

-

-

-

187

0

102

-

-

Cash paid during the period for income taxes

543

876

337

124

0

11

11

17

86

Supplemental disclosures of non-cash activity
Non-cash cancellation of common stock

0

25

0

-

-

-

-

-

-

Derivative warrant liability reclassified as equity

0

-306

0

-

-

-

-

-

-

Reduction of accounts receivable related to retroactive payment claim

-

-

-

-

-9,306

-

-

-

-

Reduction of accrued payroll related to retroactive wage and benefit payments

-

-

-

-

-8,677

-

-

-

-

Reduction of accrued payroll taxes related to legacy payroll tax issue

-

-

-

-

-1,477

-

-

-

-

Non-cash equity consideration for acquisition

-

-

-

2,500

0

-

-

-

-

Warrants issued in connection with subordinated debt

-

-

-

177

0

-

-

-

-