Emcore corp (EMKR)
CashFlow / Yearly
Sep'19Sep'18Sep'17Sep'16Sep'15Sep'14Sep'13Sep'12Sep'11Sep'10Sep'09
Cash flows from operating activities:
Net Income (Loss) Attributable to Parent

-35,984

-17,453

8,235

8,266

63,100

4,852

4,988

-39,171

-34,219

-23,694

-138,801

Adjustments to reconcile net loss to net cash provided by operating activities:
Impairment

-

-

-

-

-

-

-

1,425

8,000

0

60,781

Depreciation and amortization expense

7,142

5,617

3,757

2,506

2,952

8,518

8,688

9,420

11,973

12,288

16,082

Stock-based compensation expense

2,607

3,648

3,602

2,086

4,586

4,439

4,209

7,756

7,428

9,860

8,054

Deferred income taxes

-

-

-

-

24,080

-24,080

0

-

-

-

-

Gain on sale of an investment

-

-

-

-

-

307

4,800

-

-

-

-

Gain on sale of equity method investment

-

-

-

-

-

-

-

0

0

-

-

Provision adjustments related to doubtful accounts

62

599

23

23

556

245

119

-158

30

2,238

5,065

Gain on sale of an investment

-

-

-

-

-

-

-

-

-

-

3,144

Provision adjustments related to product warranty

186

431

573

376

838

2,114

2,914

-

-

-

2,578

Provision for losses on inventory purchase commitments

-

-

-

-

-

306

-

-

-

-

-

Provision for losses on firm commitments

-

-

-

-

-

-

-

-

-

-

8,515

Loss from equity method investment

-

-

-

-

-

-

-

-1,201

-1,842

0

0

Change in fair value of financial instruments

-

-

-

-

122

34

515

-69

70

-475

0

Gain from change in estimate on ARO obligation

-

-

-

-

845

0

0

-

-

-

-

Reclassification of foreign currency translation adjustment

-

-

-

-

744

0

0

-

-

-

-

Impairments of equipment

0

0

506

0

0

-

-

-

-

-

-

Recognition of previously deferred gain on sale of assets from discontinued operations

-

-

-

3,804

-

-

-

-

-

-

-

Recognition of previously deferred gain on sale of assets from discontinued operations

-

-

-

3,804

0

-

-

-

-

-

-

Provision adjustments related to product warranty

-

-

-

-

-

-

-

49

-970

-1,220

-

Gain on settlement of Newark lease

-

-

-

-

-

-

0

-2,344

0

-185

-

Net gain on disposal of equipment

302

-34

456

41

-237

100

0

2,742

0

0

-

Settlement of customer related warranty claim

-

-

-

-

442

0

0

-

-

-

-

Other

-464

-412

50

1,422

552

-

-

-

-

-

-

Non-cash insurance proceeds

-

-

-

-

-

-

16,134

2,609

0

0

-

Gain on sale of assets

-

-

-

-

-

-

338

-

-

-

-

Cost of financing instruments

-

-

-

-

-

-

-

-

-

322

0

Impairment of investment

-

-

-

-

-

-

-

-

-

-

367

Net loss on disposal of equipment

-

-

-

-

-

-

-

-147

-238

-89

-367

Settlement of customer related warranty claim

-

-

-

-

-

-

-

5,519

0

0

-

Total non-cash adjustments

10,159

10,741

7,955

-276

-58,408

-8,899

-5,857

22,323

30,411

26,677

98,665

Changes in operating assets and liabilities:
Accounts receivable and contract assets

-3,980

-2,372

3,859

-

-

-

-

-

-

-

-

Accounts receivable

-

-

-

1,171

-3,526

3,290

4,967

1,707

-3,278

3,309

15,967

Inventory

-6,486

-5,067

140

10,904

3,440

-5,481

-2,016

9,807

883

361

32,957

Other assets

238

-784

2,397

-148

-359

-2,879

-5,370

3,889

2,519

904

1,582

Accounts payable

-4,539

477

2,095

3,179

-3,231

3,113

-14,032

10,610

404

1,229

27,428

Accrued expenses and other current liabilities

4,985

-518

-188

-4,794

-5,823

-3,135

-9,623

6,639

-2,761

3,773

12,504

Expiration of specific historical sales allowance

-

-

-

-

-

0

0

-

-

-

-

Adjustments of unrecognized gross tax benefits

-

-

-

-

-

0

0

-

-

-

-

Total change in operating assets and liabilities

-10,674

-8,182

4,489

13,542

8,609

-5,048

21,236

-1,846

2,481

-428

10,574

Net cash used in operating activities

-15,151

1,470

11,701

-5,552

-3,917

1,001

-22,105

-15,002

-6,289

3,411

-29,562

Cash flows from investing activities:
Cash proceeds from sale of investment

-

-

-

-

-

-307

0

-

-

-

-

Cash proceeds from sale of equity method investment

-

-

-

-

-

-

4,800

0

0

-

-

Purchase of equipment

10,790

6,583

9,600

5,779

2,799

3,001

7,242

12,211

7,334

1,403

1,323

Deposits on equipment orders

-

-

-

-

-

-

3

351

1,030

0

0

Procceds from the sale of an unconsolidated affiliate

-

-

-

-

-

-

-

-

-

-

-11,017

(Increase) decrease in restricted cash

-

-

-

-

-

667

733

-462

-753

-386

-738

Flood-related insurance proceeds from equipment

-

-

-

-

-

-

5,373

2,609

0

-

-

Proceeds from disposal of equipment

-

-

-

-

-

-

-

-

-

-

106

Investments in internally-developed patents

-

-

-

-

-

-

-

0

425

649

0

Investment in an unconsolidated affiliate

-

-

-

-

-

-

-

0

12,000

0

0

Proceeds from the sale of available-for-sale securities

-

-

-

-

-

-

-

-

-

1,350

2,729

Dividend from an unconsolidated affiliate

-

-

-

-

-

-

-

1,644

0

0

-

Consulting fees received related to an unconsolidated affiliate

-

-

-

-

-

-

-

0

5,500

0

-

Consulting fees received related to unconsolidated affiliate

-

-

-

-

-

-

-

-

-

-

0

Acquisition of business, net of cash acquired

21,483

0

0

-

-

-

-

0

750

0

0

Receipt of escrow funds from sale of assets

-

-

-

1,853

0

0

1,150

13,121

0

0

-

Proceeds from disposal of property, plant and equipment

470

82

474

100

50

100

484

0

0

-

-

Net cash provided by (used in) investing activities

-31,803

-6,501

-9,126

-3,826

164,169

-3,261

3,829

5,274

-15,286

-316

13,267

Cash flows from financing activities:
Proceeds from borrowings of credit facilities

5,497

0

0

-

-

-

-

-

-

-

-

Proceeds from exercise of equity awards

505

770

1,306

-

-

-

-

-

-

-

-

Payments from borrowings of credit facilities

-

-

-

-

-26,518

4,813

2,390

1,759

6,984

241

10,332

Repurchases of common stock

-

-

-

-

45,650

0

0

-

-

-

-

Payment of special dividend

-

-

-

39,214

0

0

-

-

-

-

-

Net payments on short-term debt

-

-

-

-

-

-

-

-

-

-842

842

Net proceeds from private placement transaction

-

-

-

-

-

-

-

0

9,653

0

0

Proceeds from sale of common stock

-

-

-

-

-

-

21,189

0

0

1,980

0

Proceeds from stock plans

-

-

-

960

1,902

1,763

1,705

1,256

1,855

991

926

Taxes paid related to net share settlement of equity awards

203

1,257

0

0

-

-

-

-

-

-

-

Payments on capital lease obligations

-

-

-

-

-

-

-

0

605

5

0

Net cash (used in) provided by financing activities

5,799

-487

1,306

-38,254

-70,266

6,576

25,284

3,015

17,887

2,365

12,100

Effect of exchange rate changes provided by foreign currency

-63

-41

3

-

-

-

-

-

-

-

-

Effect of exchange rate changes on foreign currency

-

-

-

242

105

267

49

162

-658

456

-4

Net increase (decrease) in cash, cash equivalents and restricted cash

-41,218

-5,559

3,884

-47,390

90,091

-

-

-

-

-

-

Net increase (decrease) in cash, cash equivalents and restricted cash

-

-

-

-

-

4,583

7,057

-6,551

-4,346

5,916

-4,199

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid during the period for interest

126

63

71

88

-

-

-

-

-

-

-

Cash paid during the period for interest

-

-

-

-

194

429

704

514

895

308

582

Cash paid during the period for income taxes

68

131

114

124

938

0

15

1,644

0

0

0

NON-CASH INVESTING AND FINANCING ACTIVITIES
Changes in accounts payable related to purchases of equipment

-180

755

-861

282

-

-

-

-

-

-

-

Sale of assets to Suncore for current receivable

-

-

-

-

-

-

-

2,934

0

0

-

Prior consulting fees received to an unconsolidated affiliate

-

-

-

-

-

-

-

0

3,000

0

0

Sale of Digital Products assets to NeoPhotonics for note receivable

-

-

-

-

-

-

10,761

0

0

-

-

Changes in accounts payable related to purchases of equipment

-180

755

-861

282

514

0

0

-

-

-

-

Issuance of common stock to Board of Directors

0

0

331

263

413

265

-

-

-

-

-

Issuance of common stock under equity line financing facility

-

-

-

-

-

-

-

0

196

228

0

Acquisition of equipment under capital lease

-

-

-

-

-

-

-

4,411

1,879

0

46

Issuance of common stock for purchase of assets acquired from Intel Corporation

-

-

-

-

-

-

-

-

-

-

1,183