Dasan zhone solutions inc (DZSI)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net loss

-13,263

2,836

1,173

-15,328

-3,339

1,837

-

-

-

-

-

Net loss

-

-

-

-

-

-

4,314

-9,015

-11,726

-4,781

-10,027

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

5,115

2,702

3,817

3,173

1,404

1,936

367

316

1,810

1,585

1,834

Goodwill impairment charge

1,003

-

-

-

-

-

-

-

-

-

-

Amortization of deferred financing costs

664

-

-

-

-

-

-

-

-

-

-

Gain from sale of assets

-

-

-

304

0

0

-

-

-

-

-

Stock-based compensation

3,508

2,080

902

336

0

0

424

1,314

1,670

2,265

2,260

Provision for inventory reserves

2,984

835

-

-

-

-

-

-

-

-

-

Provision for inventory write-down

-

-

1,848

547

165

-

-

-

-

-

-

Allowance for doubtful accounts

155

20

155

-

-

-

-

-

-

-

-

Provision for sales returns

370

1,343

1,220

466

-

-

-

-

-

-

-

Unrealized gain on foreign currency transactions

-158

1,229

-786

-62

1,301

2,066

-

-

-

-

-

Gain on sale of fixed assets

-

-

-

-

-

-

-

-

-

1,959

-

Loss on disposal of fixed assets

-

-

-

-

-

-

-

-7

0

1,959

-2

Impairment of fixed assets

-

-

-

-

-

-

-

61

4,236

0

-

Impairment of investments

-

-

-

-

-

-

-

-

-

-

44

Sales returns and doubtful accounts

-

-

-

-

-

-

-1,426

2,594

1,939

761

1,780

Deferred taxes

1,130

202

-2,915

1,408

-86

-432

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

23,072

10,287

4,507

2,350

-11,442

16,554

6,082

-3,184

3,790

-6,599

15,222

Contract assets

5,962

12,175

-

-

-

-

-

-

-

-

-

Inventories

-4,802

9,359

-6,233

1,835

-5,861

4,792

-1,842

-5,989

-3,655

820

-10,478

Prepaid expenses and other assets

7,688

-3,381

3,526

-3,074

-196

9,412

-321

-82

158

333

-556

Other assets

-

-

-

-

-

-

46

-5

-83

155

-14

Accounts payable

10,340

5,702

-3,576

4,488

-6,676

8,432

5,460

-4,568

-67

-3,050

2,195

Contract liabilities

-3,800

5,458

-

-

-

-

-

-

-

-

-

Accrued and other liabilities

854

-3,727

292

9,759

-3,415

1,541

-986

-1,853

-4,424

1,944

-2,379

Net cash provided by (used in) operating activities

-22,702

-12,218

1,902

3,496

4,251

-19,510

4,188

-1,884

-6,772

2,056

-8,465

Cash flows from investing activities:
Cash acquired through the Merger

-

-

-

7,013

0

0

-

-

-

-

-

Proceeds from sale and maturities of short-term investments

-

-

-

-

-

-

-

-

-

306

2,945

Increase in restricted cash

-

-

-

-

-1,479

-278

-

-58

0

-

-65

Decrease in short-term and long-term loans to others

-

-

-

-

88

209

-

-

-

-

-

Increase in short-term and long-term loans to others

-

-

-

-

446

0

-

-

-

-

-

Proceeds from short-term investments

-

-

1,463

-

-

-

-

-

-

-

-

Purchase of short-term investments

-

-

429

1,034

-

1,899

-

-

-

-

308

Cash acquired through common control transaction

-

-

1,880

-

0

-

-

-

-

-

-

Decrease in short-term and long-term loans to others

-

-

-

516

-

-

-

-

-

-

-

Increase in short-term and long-term loans to others

-

-

-

214

-

-

-

-

-

-

-

Proceeds from disposal of property, plant and equipment and other assets

-

2

6

10

2,230

2,678

-

-

-

573

-

Proceeds from sale of short-term investments

-

-

-

-

0

-

-

-

-

-

-

Purchase of short-term investments

-

-

-

-

1,856

-

-

-

-

-

-

Purchases of property, plant and equipment

2,314

1,182

1,072

1,311

794

1,137

502

359

1,380

3,169

794

Purchases of intangible assets

-

-

90

61

0

0

-

-

-

-

-

Acquisition of business, net of cash acquired

4,660

-

-

-

548

0

-

-

-

-

-

Net cash used in investing activities

-6,974

-1,180

1,758

4,919

153

129

-502

-301

-1,380

-2,290

1,908

Cash flows from financing activities:
Government grants received

-

-

-

-

217

156

-

-

-

-

-

Proceeds from issuance of common stock in public offerings, net of issuance costs

42,509

-

121

-

1,800

1,800

-

-

-

-

-

Proceeds from short-term borrowings and line of credit

49,243

55,518

25,834

25,069

-

-

-

-

-

-

-

Repayments of short-term borrowings and line of credit

69,357

45,033

-

-

2,977

131

-

-

-

-

-

Proceeds from long-term borrowings

25,000

-

-

-

0

0

-

-

-

-

-

Repayments of borrowings

-

-

24,447

27,336

17,796

31,384

-

-

-

-

-

Repayments of long-term borrowings

11,875

-

-

-

-

-

-

-

-

-

-

Proceeds from related party term loan

-

12,064

-

-

-

-

-

-

-

-

-

Proceeds from short-term borrowings from bank and trade facilities

-

-

-

-

17,950

38,349

-

-

-

-

-

Proceeds from related party term loan

-

-

-

5,000

-

-

-

-

-

-

-

Repayments of related party term loan

5,000

4,460

-

-

-

-

-

-

-

-

-

Financing cost - debt issuance

2,148

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

1,032

135

208

274

100

Repayments of borrowings from bank and trade facilities

-

-

-

-

-

-

-

-

-

310

382

Purchase of non-controlling interest

951

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

623

914

-

-

-

-

-

-

-

-

-

Repayment under credit facilities

-

-

-

-

-

-

0

-5,000

5,000

-

-5,000

Net cash provided by financing activities

28,044

19,003

1,508

2,733

-806

8,790

1,032

-4,865

5,208

-36

-5,282

Effect of exchange rate changes on cash, cash equivalents, and restricted cash

-381

-1,369

1,701

-464

-

-

-

-

-

-

-

Effect of exchange rate changes on cash and restricted cash

-

-

-

-

-510

-256

-151

-21

-40

-16

48

Net increase in cash, cash equivalents and restricted cash

-2,013

4,236

6,869

10,684

-

-

-

-

-

-

-

Reconciliation of cash, cash equivalents and restricted cash to statement of financial position
Net increase (decrease) in cash and cash equivalents

-

-

-

-

3,088

-10,847

4,567

-7,071

-2,984

-286

-11,791

Supplemental disclosure of cash flow information:
Shares of the Company's common stock held in escrow

-

-

0

-

0

0

-

-

-

-

-

Changes in accrued and other liabilities related to property and equipment purchases

-

-

-

-

-

-

0

-

-

-

-

Cash paid during the period for:
Interest - bank and trade facilities

2,786

1,332

696

663

-

-

-

-

-

-

-

Interest - related party

509

611

142

5

-

-

-

-

-

-

-

Income taxes

2,017

1,260

327

353

-

-

-

-

-

-

-

Interest

-

-

-

-

570

474

85

102

44

1,101

1,339

Income taxes

-

-

-

-

1,496

2,430

42

124

65

75

171

Sale of Oakland, California campus and extinguishment of related debt (Refer to Note 5)

-

-

-

-

-

-

-

-

-

0

-

Sale of Oakland, California campus and extinguishment of related debt (Refer to Note 5)

-

-

-

-

-

-

-

-

-

-

0