Dasan zhone solutions inc (DZSI)
CashFlow / TTM
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 loss

-20,577

-13,263

-3,556

2,267

1,238

2,836

7,481

7,041

4,812

1,173

-9,230

-15,406

-15,065

-15,328

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-5,035

-

-602

3,699

4,386

4,314

3,581

-2,213

-5,371

-9,015

-14,356

-12,906

-12,700

-11,726

0

0

0

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

4,954

5,115

4,779

4,088

3,420

2,702

2,745

2,845

3,335

3,817

5,114

4,989

4,086

3,173

1,456

1,557

1,462

1,404

2,763

2,137

2,056

1,936

386

376

375

367

348

333

321

316

701

1,071

1,434

1,810

0

0

0

Loss on extinguishment of debt

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred financing costs

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Bargain purchase gain on acquisition

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation

3,465

3,508

3,541

2,976

2,542

2,080

1,589

1,167

1,010

902

878

811

591

336

128

-473

-173

0

-531

306

114

0

588

279

305

424

415

1,194

1,323

1,314

0

0

0

-

-

0

0

Provision for inventory write-down

0

-

0

0

0

-

1,598

1,633

1,971

1,848

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Allowance for doubtful accounts

-44

155

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for sales returns

-79

370

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unrealized gain on foreign currency transactions

1,730

-158

3,535

2,205

1,344

1,229

-1,197

-405

65

-786

1,778

105

-576

-62

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Sales returns and doubtful accounts

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-251

-

-2,834

-2,520

-2,271

-1,426

2,146

2,617

2,825

2,594

2,263

1,737

1,856

1,939

0

0

0

Deferred taxes

291

1,130

1,142

763

404

202

-2,971

-2,997

-3,098

-2,915

2,477

2,131

2,093

1,408

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable

21,893

23,072

24,634

3,087

-6,827

10,287

16,936

14,691

12,414

4,507

19,748

9,088

-550

2,350

-14,770

-11,220

-9,137

-11,442

4,800

16,506

21,360

16,554

1,975

5,063

4,092

6,082

5,396

4,934

3,371

-3,184

1,516

366

-3,867

3,790

0

0

0

Contract assets

-15,134

5,962

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories

6,074

-4,802

-9,154

-3,739

-2,250

9,359

14,153

4,062

-2,467

-6,233

-691

2,722

2,786

1,835

-423

2,158

-62

-5,861

5,354

2,441

3,730

4,792

-3,510

-2,790

-3,269

-1,842

-4,200

-7,515

-5,361

-5,989

-4,079

6

-2,386

-3,655

0

0

0

Prepaid expenses and other assets

10,766

7,688

-9,198

-3,424

-5,092

-3,381

5,383

2,371

4,943

3,526

-653

-10,133

-11,287

-3,074

-5,020

8,267

8,676

-196

10,993

8,765

9,331

9,412

738

526

-206

-321

-165

-471

-425

-82

36

-315

308

158

0

0

0

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-83

0

0

0

Accounts payable

13,045

10,340

-9,813

-5,891

-4,277

5,702

14,501

11,233

-4,295

-3,576

17,015

7,374

11,013

4,488

4,289

-3,615

-6,240

-6,676

-9,040

6,351

12,552

8,432

1,837

4,608

3,315

5,460

-118

-4,133

-4,259

-4,568

-480

1,999

-1,499

-67

0

0

0

Contract liabilities

1,091

-3,800

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued and other liabilities

-1,752

854

-4,081

-2,807

-3,574

-3,727

911

-8,274

-453

292

-8,153

-3,278

-2,876

9,759

5,164

14,631

8,779

-3,415

8,044

1,471

1,959

1,541

-1,253

-1,282

-2,061

-986

-1,043

-827

-419

-1,853

-3,679

-3,369

-4,017

-4,424

0

0

0

Net cash provided by (used in) operating activities

-17,132

-22,702

-18,392

-12,642

-3,666

-12,218

-13,189

-6,696

-10,946

1,902

-10,369

-3,826

10,489

3,496

24,992

4,641

-3,593

4,251

-25,133

-19,414

-19,199

-19,510

-1,127

2,315

3,386

4,188

4,306

36

-3,092

-1,884

-7,300

-5,691

-3,122

-6,772

0

0

0

Cash flows from investing activities:
Increase in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from short-term investments

-

-

-

-

-

-

-

-

-

1,463

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchase of short-term investments

-

-

-

-

-

-

-

-

-

429

1,464

1,464

1,286

1,034

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

2

1

1

1

6

-82

-25

-2

10

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of property, plant and equipment

2,765

2,314

1,890

1,578

1,205

1,182

985

824

754

1,072

1,781

1,831

1,672

1,311

623

291

475

794

1,309

1,619

1,468

1,137

546

452

417

502

355

379

382

359

482

794

1,220

1,380

0

0

0

Purchases of intangible assets

-

-

-

-

-

-

-

-

-

90

41

2

60

61

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of business, net of cash acquired

-

4,660

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-2,728

-6,974

-6,586

-6,274

-5,901

-1,180

879

999

1,313

1,758

-1,161

7,444

7,377

4,919

4,537

-1,381

-1,583

153

2,321

-353

-202

129

-546

-452

-417

-502

-355

-379

-324

-301

-424

-736

-1,220

-1,380

0

0

0

Cash flows from financing activities:
Government grants received

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

308

231

121

0

0

1

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from short-term borrowings and line of credit

46,226

49,243

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of short-term borrowings and line of credit

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of short-term borrowings and line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from long-term borrowings

-

25,000

0

0

0

-

-

-

-

-

-

0

3,200

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of borrowings

0

-

-

-

0

-

-

-

0

-

-

-

31,692

27,336

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from related party term loan

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from short-term borrowings from bank and trade facilities

-

-

-

-

-

-

-

-

-

-

0

0

26,520

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from related party term loan

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of related party term loan

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

214

-

979

1,145

1,140

1,032

186

23

77

135

191

258

220

208

0

0

0

Repayments of borrowings from bank and trade facilities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

Deferred financing costs

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from exercise of stock options

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by financing activities

26,041

28,044

50,014

46,268

7,317

19,003

18,500

26,574

20,067

1,508

-2,569

1,116

-1,996

2,733

-1,849

-242

2,043

-806

13,186

8,826

8,775

8,790

979

1,145

1,140

1,032

186

23

77

-4,865

191

258

220

5,208

0

0

0

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

-948

-381

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash and restricted cash

-

-

-

-

-

-

-

-

-

-

0

0

1,153

-

1,468

-380

-508

-510

-666

-313

-325

-256

-68

-82

-166

-151

-110

-88

-30

-21

-27

-49

-26

-40

0

0

0

Net increase in cash, cash equivalents and restricted cash

5,233

-2,013

24,100

26,487

-4,035

4,236

5,497

20,628

10,957

6,869

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

29,148

2,638

-3,641

3,088

-10,292

-11,254

-10,951

-10,847

-762

2,926

3,943

4,567

4,027

-408

-3,369

-7,071

-7,560

-6,218

-4,148

-2,984

0

0

0

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

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Interest - related party

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income taxes

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-