DAWSON GEOPHYSICAL CO DWSN Cash Flow

Dawson geophysical co (DWSN)

CashFlow / TTM

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)
-14,083	-15,213	-21,201	-28,370	-22,835	-24,407	-17,379	-15,130	-24,347	-31,790	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-28,287	-	-26,330	-27,342	-22,958	-14,714	-12,620	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Net Income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,316	2,545	7,609	9,639	15,671	14,957	14,892	17,453	10,833	0	0	0
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization
20,649	21,826	23,406	25,295	27,362	29,959	32,682	35,279	37,737	39,235	40,066	40,933	42,414	44,283	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease cost
1,162	1,201	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	45,305	43,201	41,074	40,028	40,168	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Non-cash compensation
1,039	1,206	1,339	1,467	1,503	1,368	1,250	1,082	953	976	914	905	940	879	1,033	855	822	1,156	1,246	1,421	1,506	1,273	1,225	1,148	1,301	1,221	1,037	1,073	729	601	696	443	623	483	0	0	0
Deferred income tax expense
0	-	-	-	-	-757	-897	-1,161	746	763	-631	-1,567	-4,547	-5,564	-6,636	-6,691	-11,661	-14,046	-13,037	-14,062	-10,191	-6,200	-6,067	-4,483	-3,106	-4,610	-1,319	-965	-480	359	345	1,812	2,869	2,469	0	0	0
Gain on proceeds from insurance settlements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in other accrued long-term liabilities
-	-	-	-	-	-	-	-	-	-1,489	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	24,644	26,021	26,650	26,466	25,502	23,595	21,878	20,473	19,214	0	0	0
Gain on disposal of assets
46	86	77	86	38	-16	837	440	596	1,714	1,504	1,454	1,316	167	0	0	0	-	-	-	-	-	-	-	-	676	644	537	833	1,069	1,375	1,306	693	441	0	0	0
Remeasurement and other
116	139	0	0	0	-	349	-153	-50	91	-484	-361	-149	-186	366	965	-28	81	183	219	827	689	-168	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Change in operating assets and liabilities:
Increase in accounts receivable
-2,751	-1,118	6,296	-11,112	-5,489	-6,744	4,603	9,060	17,399	16,465	12,408	3,133	-2,809	-19,891	-24,670	-15,650	-31,074	-15,883	-17,003	-19,996	-6,651	-18,521	2,507	-3,649	-13,355	-5,208	-15,471	-9,546	-16,338	16,021	9,859	12,332	27,126	2,442	0	0	0
Cost and estimated earnings in excess of billings on uncompleted contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,950	1,080	-1,607	5,178	1,121	170	587	494	589	0	0	0
(Increase) decrease in prepaid expenses and other assets
-1,742	-6,983	1,244	-5,287	-2,594	2,664	-995	2,884	1,430	-278	-2,235	-1,056	-3,650	-4,242	-2,241	-2,880	-3,116	-1,752	1,599	1,506	2,192	1,433	1,683	837	2,302	1,427	-3,381	-2,446	-2,955	-2,820	-1,928	-1,859	-1,970	-2,326	0	0	0
Increase in accounts payable
-2,243	-579	-115	-3,735	-1,037	-798	50	1,789	2,628	1,207	1,809	2,733	795	-4,878	-4,761	-4,638	-9,636	-3,128	-7,710	-7,970	-3,094	-4,063	-3,467	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Prepaid federal and state income tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-78	0	0	0	-	-	-	-
Prepaid federal and state income tax
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3	5	9	15	17	14	25	19	18	0	0	0
Trade accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9,439	-8,107	-10,381	-575	4,328	7,232	10,497	4,731	2,763	0	0	0
Decrease in accrued liabilities
1,637	1,356	1,109	843	-1,333	-777	-83	299	903	1,458	146	-1,318	-1,636	-1,810	-2,448	-2,782	-2,180	-4,579	-2,022	-994	-546	-793	-1,909	-1,397	-4,104	-3,222	-942	494	1,194	2,911	477	-119	1,497	823	0	0	0
Decrease in operating lease liabilities
-1,167	-1,150	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase(decrease) in deferred revenue
-507	-7,020	5,191	1,435	-158	4,187	-1,807	-1,892	1,579	929	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in deferred revenue
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,945	-565	93	620	2,130	-1,722	-5,338	-1,233	-2,637	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Net cash used in operating activities
10,874	9,480	1,296	12,102	10,550	12,871	9,378	8,011	800	-6,703	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Billings in excess of cost and estimated earnings on uncompleted contracts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,068	-4,236	-7,116	-3,425	2,814	-538	3,279	-1,484	-4,550	0	0	0
Federal and state income tax payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,475	-3,823	-2,475	-1,886	2,424	3,316	3,777	4,916	2,156	0	0	0
Net cash (used in) provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	32,637	-	16,195	10,578	3,860	30,472	10,446	11,715	20,277	2,198	26,624	27,943	44,928	39,283	40,771	44,225	24,715	34,174	0	0	0
Cash flows from investing activities:
Cash acquired from merger
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,382	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures, net of non-cash capital expenditures summarized below
4,229	4,396	8,634	12,650	13,569	15,745	11,134	7,156	9,394	8,675	10,354	10,596	7,420	8,251	7,921	8,089	9,889	6,846	7,678	7,975	8,820	14,001	35,281	34,736	30,896	25,085	9,547	10,052	29,691	31,970	31,540	33,320	20,225	22,011	0	0	0
Proceeds from maturity of short-term investments
-	33,075	44,000	46,000	53,000	55,000	50,000	47,000	46,000	61,250	78,500	93,000	98,000	91,750	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition of short-term investments
-	24,842	33,842	39,000	46,000	49,000	55,583	55,583	47,583	37,583	46,250	60,500	81,750	111,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from maturity of short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	27,500	29,000	29,250	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Acquisition of short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30,500	31,750	32,750	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Proceeds from disposal of assets
302	297	300	418	460	437	1,038	1,107	1,142	1,325	770	788	961	1,922	2,255	2,399	2,099	1,501	1,725	3,783	3,753	3,313	2,686	623	1,214	1,094	1,099	860	1,419	1,704	2,203	2,114	1,013	740	0	0	0
Proceeds from flood insurance claims
-	-	-	-	-	687	0	0	0	-	-	-	-	2,850	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from notes receivable
51	51	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
4,357	4,185	1,874	-5,182	-6,071	-8,596	-14,980	-13,474	-8,677	16,788	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10,631	-	14,179	15,440	4,315	-13,438	-36,095	-37,363	-30,681	-26,490	-8,448	-9,192	-28,272	-30,265	-29,336	-31,205	-19,212	-21,270	0	0	0
Cash flows from financing activities:
Proceeds from notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Principal payments on notes payable
-	-	-	-	-	-	-	-	-	-	-	0	6,440	-	8,286	8,647	15,564	16,348	15,935	15,340	10,005	10,293	10,823	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Principal payments on notes payable
7,726	8,165	8,855	3,402	2,299	1,180	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,342	13,392	13,087	12,236	11,338	10,393	9,432	9,169	9,006	0	0	0
Principal payments on finance leases
2,880	2,855	2,807	2,770	2,736	2,699	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments on obligations under capital leases
-	-	-	-	-	-	-	-	-	-	546	655	740	780	978	1,124	1,349	1,535	1,453	1,335	1,165	1,014	932	1,158	1,375	1,792	2,209	2,291	2,318	2,081	1,826	1,626	1,465	1,348	0	0	0
Excess tax benefit from share-based payment arrangement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	551	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax withholdings related to stock-based compensation awards
-	236	241	317	304	121	216	139	132	158	0	0	0	-	-	-	-	316	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	409	395	395	573	377	394	450	216	181	0	0	0
Cash in lieu of stock dividend paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,581	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-10,636	-11,256	-11,903	29	1,178	2,517	3,334	-3,046	-2,983	-3,420	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes on cash and cash equivalents and restricted cash
-148	133	240	574	140	-76	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-12,176	-	-13,705	-13,619	-13,548	-13,870	-3,658	-5,166	-4,331	-3,626	-18,304	-18,082	-17,080	-16,140	-11,827	-10,610	-10,418	-10,172	0	0	0
Effect of exchange rate changes on cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	0	-142	-	72	-73	-94	-428	-407	-301	-311	-380	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Net decrease in cash and cash equivalents and restricted cash
4,447	2,542	-8,493	7,523	5,797	6,716	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (decrease) increase in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-2,558	-	-20,752	-11,580	9,736	22,365	16,262	12,098	-5,684	2,784	-29,652	0	0	0	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,305	-127	668	-424	-7,123	-392	2,408	-4,915	2,730	0	0	0
Effect of exchange rates on cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	210	-17	-120	-238	-7	134	-79	111	-57	0	0	0
Supplemental cash flow information:
Cash paid for interest
338	440	575	524	478	408	320	265	195	143	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	564	-	584	537	497	513	537	705	868	1,020	1,253	1,327	1,299	1,222	1,082	924	835	784	0	0	0
Cash paid for income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	692	-3,066	-3,202	-2,947	-3,052	2,041	3,998	4,895	9,474	9,543	8,953	8,637	7,022	5,875	4,151	3,550	774	0	0	0
Cash received for income taxes
-	-	-	-	-	-	-	-	-	4,791	2,655	1,579	1,548	348	277	465	388	752	724	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-
Non-cash operating, investing and financing activities:
Increase (decrease) in accrued purchases of property and equipment
2,432	927	-4,308	-668	-1,606	-353	5,476	1,865	656	907	0	0	0	-	-	-	-	-52	188	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Finance leases incurred
-	121	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in right-of-use assets and operating lease liabilities
-	8,252	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Decrease in right-of-use assets for accrued rent
-	-497	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in right-of-use assets for prepaid rent
-	14	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in accrued purchases of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	22,201	0	0	0	-	-	-	-
Capital lease obligations incurred
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	126	777	777	777	1,136	742	742	794	626	1,174	1,505	2,377	2,935	2,663	2,749	2,406	1,953	0	0	0
Stock consideration to consummate the merger
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	42,902	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financed insurance premiums
2,353	2,256	2,350	2,350	2,350	2,317	304	304	304	248	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equipment sales financed for buyer
-	-	-	-	-	-	-	-	-	1,500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Sales tax on equipment sales financed for buyer
-	-	-	-	-	-	-	-	-	132	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Financed insurance premiums
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,237	3,231	3,231	3,049	3,050	3,056	3,056	2,338	2,336	0	0	0
Restricted stock awards to employees, net of cancellations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	25	25	1,313	1,342	1,334	0	0	0	-	-	-	-
Treasury shares issued for stock options exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	560	484	183	276	433	0	0	0	-	-	-	-