DAWSON GEOPHYSICAL CO DWSN Cash Flow

Dawson geophysical co (DWSN)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	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 (loss)
993	-5,828	1,998	-11,246	-137	-11,816	-5,171	-5,711	-1,709	-4,788	-2,922	-14,928	-9,152	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-8,600	-	-2,870	-11,877	-6,592	-4,991	-3,882	-7,493	1,652	-2,897	-	-	-	-	-	-	-	-	-	-	-
Net Income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,711	-3,951	-4,004	6,351	4,150	1,111	-1,974	12,384	3,436	1,046	586	5,763
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization
4,904	5,182	5,238	5,325	6,081	6,762	7,127	7,392	8,678	9,485	9,724	9,850	10,176	10,316	10,591	11,331	12,045	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease cost
301	298	293	270	340	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,966	12,380	11,223	9,736	9,862	10,253	10,177	9,876	-	-	-	-	-	-	-	-	-	-	-
Non-cash compensation
203	255	287	294	370	388	415	330	235	270	247	201	258	208	238	236	197	362	60	203	531	452	235	288	298	404	158	441	217	220	194	97	89	315	-58	277	-50
Deferred income tax expense
79	-	-	-	-	-354	-234	-136	-33	-494	-498	1,771	-16	-1,888	-1,434	-1,209	-1,033	-2,960	-1,489	-6,179	-3,418	-1,951	-2,514	-2,308	573	-1,818	-930	-930	-930	1,472	-576	-445	-91	1,458	890	611	-490
Gain on proceeds from insurance settlements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	120	0	909	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in other accrued long-term liabilities
-	-	-	-	-	-	-	-	-	-19	-5	0	-1,465	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,533	6,057	6,367	6,686	6,911	6,685	6,182	5,722	5,004	4,968	4,778	4,462
Gain on disposal of assets
4	1	12	29	44	-8	21	-19	-10	845	-376	137	1,108	635	-426	-1	-41	-	-	-	-	-	-	-	-	41	237	355	42	8	131	650	279	315	62	37	27
Remeasurement and other
130	21	-73	38	153	-	101	-113	-174	535	-401	-10	-33	-40	-278	202	-70	512	321	-791	39	614	357	-183	-99	-243	-	-	-	-	-	-	-	-	-	-	-
Change in operating assets and liabilities:
Increase in accounts receivable
8,658	-11,667	19,351	-19,093	10,291	-4,253	1,943	-13,470	9,036	7,094	6,400	-5,131	8,102	3,037	-2,875	-11,073	-8,980	-1,742	6,145	-26,497	6,211	-2,862	3,152	-13,152	-5,659	18,166	-3,004	-22,857	2,488	7,902	2,920	-29,649	34,847	1,740	5,393	-14,856	10,164
Cost and estimated earnings in excess of billings on uncompleted contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-904	2,174	-7,431	2,210	4,126	-513	-644	-1,846	3,175	-96	-737	-1,751
(Increase) decrease in prepaid expenses and other assets
1,738	-4,680	1,472	-272	-3,503	3,547	-5,059	2,421	1,755	-112	-1,180	967	47	-2,069	-1	-1,627	-545	-68	-640	-1,863	819	3,283	-733	-1,177	60	3,533	-1,578	288	-815	-1,275	-644	-219	-680	-384	-575	-329	-1,037
Increase in accounts payable
942	-2,372	2,428	-3,241	2,606	-1,908	-1,192	-543	2,845	-1,060	547	296	1,424	-458	1,471	-1,642	-4,249	-341	1,594	-6,640	2,259	-4,923	1,334	-1,764	1,290	-4,327	-	-	-	-	-	-	-	-	-	-	-
Prepaid federal and state income tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-78	-	-	-	-
Prepaid federal and state income tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,225
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	-2	-0	1	7	0	6	3	4	11	0	1
Trade accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-65	1,088	-9,270	-1,191	1,266	-1,185	535	3,712	4,169	2,079	-5,230	1,744
Decrease in accrued liabilities
1,551	-976	585	477	1,270	-1,223	319	-1,699	1,826	-529	701	-1,095	2,381	-1,841	-763	-1,413	2,207	-2,479	-1,097	-811	-192	78	-69	-363	-439	-1,038	442	-3,070	443	1,241	1,880	-2,370	2,160	-1,192	1,283	-754	1,486
Decrease in operating lease liabilities
-303	-298	-293	-273	-286	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase(decrease) in deferred revenue
1,687	-4,489	-568	2,863	-4,826	7,722	-4,324	1,270	-481	1,728	-4,409	4,741	-1,131	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,940	-915	-531	-559	1,440	-257	-4	951	-2,412	-3,873	4,101	-453	-	-	-	-	-	-	-	-	-	-	-
Net cash used in operating activities
-173	8,283	-10,872	13,636	-1,567	99	-66	12,084	754	-3,394	-1,433	4,873	-6,749	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Billings in excess of cost and estimated earnings on uncompleted contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-327	-1,040	1,153	-2,853	-1,495	-3,920	4,844	3,386	-4,848	-102	79	320
Federal and state income tax payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-932	-1,502	-2,516	475	-279	-154	-1,927	4,786	611	306	-788	2,026
Net cash (used in) provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8,763	-	5,170	15,970	-3,262	-1,683	-447	9,252	23,350	-21,709	822	17,814	5,271	2,717	2,140	34,799	-374	4,206	5,593	15,289	9,084
Cash flows from investing activities:
Cash acquired from merger
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	12,382	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures, net of non-cash capital expenditures summarized below
1,777	747	592	1,113	1,944	4,985	4,608	2,032	4,120	374	630	4,270	3,401	2,053	872	1,094	4,232	1,723	1,040	2,894	1,189	2,555	1,337	3,739	6,370	23,835	792	-101	559	8,296	1,297	19,538	2,837	7,866	3,077	6,443	4,623
Proceeds from maturity of short-term investments
-	5,075	10,000	9,000	9,000	16,000	12,000	16,000	11,000	11,000	9,000	15,000	26,250	28,250	23,500	20,000	20,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of short-term investments
-	0	6,842	9,000	9,000	9,000	12,000	16,000	12,000	15,583	12,000	8,000	2,000	24,250	26,250	29,250	31,250	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturity of short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6,750	7,750	6,250	6,750	8,250	8,000	-	-	-	-	-	-	-	-	-	-	-
Acquisition of short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,500	9,500	6,500	9,000	6,750	10,500	-	-	-	-	-	-	-	-	-	-	-
Proceeds from disposal of assets
85	25	49	143	80	28	167	185	57	629	236	220	240	74	254	393	1,201	407	398	93	603	631	2,456	63	163	4	393	654	42	8	153	1,214	328	507	64	112	55
Proceeds from flood insurance claims
-	-	-	-	-	0	0	0	687	-	-	-	-	1,821	120	0	909	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from notes receivable
13	13	13	12	13	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-1,679	4,366	2,628	-958	-1,851	2,055	-4,428	-1,847	-4,376	-4,329	-2,922	2,950	21,089	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-13,372	-	-392	5,199	13,046	-3,674	869	-5,926	-4,707	-26,331	-399	755	-516	-8,288	-1,143	-18,324	-2,509	-7,359	-3,012	-6,330	-4,568
Cash flows from financing activities:
Proceeds from notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,000	-	-	-	-	-	-	-	-	-	-	-
Principal payments on notes payable
-	-	-	-	-	-	-	-	-	-	-	591	949	-	1,962	2,065	2,063	2,196	2,323	8,982	2,847	1,783	1,728	3,647	3,135	2,313	-	-	-	-	-	-	-	-	-	-	-
Principal payments on notes payable
707	298	5,536	1,185	1,146	988	83	82	27	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,412	3,636	3,298	2,994	3,462	3,331	2,447	2,095	2,518	2,370	2,184	1,932
Principal payments on finance leases
725	729	719	707	700	681	682	673	663	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on obligations under capital leases
-	-	-	-	-	-	-	-	-	-	113	109	152	172	222	194	192	370	368	419	378	288	250	249	227	206	476	465	643	622	559	492	406	368	359	331	289
Excess tax benefit from share-based payment arrangement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-16	0	227	340	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax withholdings related to stock-based compensation awards
-	0	1	29	206	5	77	16	23	100	0	9	49	-	-	-	-	68	0	128	120	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14	-0	58	336	-0	0	236	140	17	55	3	105
Cash in lieu of stock dividend paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	646	645	645	645	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-1,432	-1,027	-6,256	-1,921	-2,052	-1,674	5,676	-772	-713	-857	-704	-709	-1,150	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes on cash and cash equivalents and restricted cash
-135	-21	-108	116	146	86	226	-318	-70	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,255	-	-2,691	-4,612	-3,685	-2,717	-2,605	-4,541	-4,007	7,495	-4,113	-3,706	-3,301	-7,182	-3,890	-2,704	-2,362	-2,869	-2,674	-2,512	-2,116
Effect of exchange rate changes on cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	245	6	-	-202	97	233	-56	-347	76	-101	-35	-241	66	-170	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in cash and cash equivalents and restricted cash
-3,419	11,601	-14,608	10,873	-5,324	566	1,408	9,147	-4,405	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (decrease) increase in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	13,196	-	-7,432	-4,683	-6,631	-2,006	1,740	16,633	5,998	-8,109	-2,424	-1,149	14,466	-40,545	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-5,320	-3,690	14,862	1,453	-12,753	-2,893	13,770	-5,246	-6,022	-93	6,446	2,399
Effect of exchange rates on cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	114	219	-55	-67	-113	116	-172	162	28	-98	18	-6
Supplemental cash flow information:
Cash paid for interest
42	50	116	130	144	185	65	84	74	97	10	14	22	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	96	-	154	185	152	93	107	145	168	117	275	308	319	349	350	280	242	209	192	191	190
Cash paid for income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-29	136	370	215	-3,787	0	625	110	1,306	1,956	1,522	4,689	1,376	1,365	1,206	3,074	228	-358	605	298
Cash received for income taxes
-	-	-	-	-	-	-	-	-	2,253	1,076	106	1,356	117	0	75	156	46	188	-2	520	18	-	-	-	3	-	-	-	-	-	-	-	-	-	-	-
Non-cash operating, investing and financing activities:
Increase (decrease) in accrued purchases of property and equipment
567	1,855	-29	39	-938	-3,380	3,611	-899	315	2,449	0	-2,108	566	-	-	-	-	-188	120	-3	19	52	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance leases incurred
-	0	81	0	40	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in right-of-use assets and operating lease liabilities
-	26	0	-111	8,337	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in right-of-use assets for accrued rent
-	0	0	0	-497	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in right-of-use assets for prepaid rent
-	0	0	0	14	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in accrued purchases of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,387	353	-	-	-	7,000	0	7,500	7,701	-	-	-	-
Capital lease obligations incurred
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	126	651	0	0	485	257	0	51	316	805	331	924	874	533	416	581	421
Stock consideration to consummate the merger
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	42,902	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financed insurance premiums
434	1,919	0	0	337	2,013	0	0	304	0	0	0	248	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equipment sales financed for buyer
-	-	-	-	-	-	-	-	-	0	0	0	1,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales tax on equipment sales financed for buyer
-	-	-	-	-	-	-	-	-	0	0	0	132	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financed insurance premiums
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	173	0	2,908	156	167	0	2,726	156	173	0	2,008	153
Restricted stock awards to employees, net of cancellations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0	0	-28	54	0	1,287	0	46	-	-	-	-
Treasury shares issued for stock options exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	75	300	0	183	0	0	92	341	-	-	-	-