Espey mfg & electronics corp (ESP)
CashFlow / Quarterly
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'11Dec'10Sep'10
Cash Flows from Operating Activities:
Net (loss) income

-103

228

81

1,140

922

217

61

700

317

1,614

442

191

279

244

420

710

972

614

878

546

506

1,219

911

-698

706

111

1,048

2,294

915

1,071

1,280

1,129

1,262

1,070

926

1,442

1,012

649

753

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Excess tax benefits from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

0

0

15

0

0

3

23

0

0

4

21

0

0

5

11

0

0

79

-39

0

0

-6

-4

Stock-based compensation

49

45

47

47

47

40

37

36

36

29

21

35

40

29

23

22

22

21

30

20

15

13

13

21

25

25

26

27

27

27

32

30

26

26

16

11

16

21

16

Depreciation

142

143

142

143

141

133

122

111

106

105

105

111

107

108

108

109

106

107

110

109

108

111

115

119

115

111

106

105

103

104

104

105

106

106

108

117

120

115

113

ESOP compensation expense

73

77

87

92

93

102

101

108

100

89

89

96

103

108

108

109

109

111

113

124

124

97

111

125

144

153

130

127

129

132

139

131

124

123

127

141

126

128

107

Loss on disposal of assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-0

-0

-0

0

-0

-0

0

0

-0

0

-0

-0

-0

-5

-0

-0

-20

0

99

0

0

0

Deferred income tax (benefit) expense

-3

-9

-8

121

45

45

45

95

13

9

-2

-96

15

21

12

2

24

14

16

-130

23

20

20

135

15

16

16

75

-32

-32

-32

-27

-28

-29

-26

-15

9

8

9

Changes in assets and liabilities:
Decrease (increase) in trade receivable, net

685

-2,227

-4,346

3,044

2,303

-78

1,417

782

-1,963

1,914

244

25

-378

-138

-1,066

105

814

-80

-2,575

2,514

792

-646

838

-1,607

473

-791

-2,084

3,618

-1,239

635

971

-251

-1,146

-2,618

967

-2,539

-200

509

1,458

(Increase) decrease in income taxes receivable

35

-50

93

-126

-152

-11

127

-

-

-

-163

-

-

-

-45

142

-35

207

0

-168

-97

-402

-274

754

-254

131

310

-

15

172

40

-

0

75

-75

-

-

24

-88

Increase in inventories, net

1,507

750

1,612

-1,723

-786

1,971

2,354

-258

1,359

-1,463

726

836

-500

-994

-396

-667

-306

-746

867

-1,197

1,259

897

14

-1,330

577

-228

218

-1,427

872

16

267

216

605

529

-284

796

-584

397

-248

(Increase) decrease in prepaid expenses and other current assets

-248

742

-230

125

197

-107

-1,014

516

523

-23

48

-116

255

-114

-17

-41

149

-140

39

-33

183

-137

21

-51

135

-150

-71

40

173

-68

-30

-22

137

-183

60

-29

8

47

-49

(Decrease) increase in accounts payable

-377

-163

-83

221

-668

25

758

322

202

-1,029

76

1,614

199

-440

323

-119

68

-469

97

-710

809

-592

742

-577

459

-608

181

-62

281

-346

92

-173

-27

-103

159

411

-253

114

-426

Increase (decrease) in accrued salaries and wages

8

-48

102

37

-201

-93

58

137

-13

145

87

73

-81

-172

-5

51

63

-44

-45

23

135

-224

-15

60

56

-208

134

66

14

-192

64

112

39

-198

51

134

69

-26

32

(Decrease) increase in vacation accrual

-

38

-111

-

-

4

3

-17

94

9

-35

-65

38

16

-37

-28

85

-4

-38

46

111

-7

-153

-53

62

-11

-51

74

60

6

-100

-

-

-

-

-

-

-

-

Decrease in ESOP payable

-

-3

-3

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in ESOP payable

-

-

-

-

-

-

-

-

-11

-11

-11

-

-15

-15

-15

-

-19

-39

-19

-

-24

-24

-24

-

-29

-145

-29

-

-34

-170

-30

31

72

17

-37

56

54

3

-34

Decrease in ESOP payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-35

-192

-35

-

-

-

-

Decrease in ESOP payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-64

-195

-40

Increase in other accrued expenses

5

101

-25

-34

-8

-5

54

-58

43

-11

-117

93

54

-35

-58

-105

-146

45

-146

405

-56

45

-425

405

-102

6

-359

101

63

225

-203

304

-48

115

-50

19

2

65

-143

(Decrease) increase in payroll and other taxes withheld

59

-60

-0

-0

6

-13

15

-4

7

1

2

0

-6

4

-1

-1

-34

37

1

-5

4

0

-6

-6

59

-57

6

-0

5

-5

5

-0

0

-1

2

0

1

0

-4

Increase (decrease) in contract liabilities

988

1,136

660

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Decrease in income taxes payable

0

0

-30

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-288

300

2

0

3

23

0

0

4

-408

430

0

5

-62

-102

110

67

-238

158

118

6

-10

Net cash provided by (used in) operating activities

-1,067

2,271

3,729

519

-1,108

-1,389

-1,625

-851

515

795

-198

1,487

1,443

1,084

2,404

-

-

-

-

-

-

-

688

1,969

580

430

2,406

1,473

1,711

64

36

1,862

2,006

1,882

1,634

1,106

527

1,840

1,439

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

629

866

2,951

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash Flows from Investing Activities:
Additions to property, plant and equipment

32

83

94

69

183

-257

611

1,291

446

156

28

20

108

67

155

143

57

76

5

103

108

35

18

50

34

296

328

119

39

91

72

37

67

122

40

16

46

436

107

Proceeds from loan receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

3

10

10

10

10

10

10

10

10

10

10

10

6

6

4

Purchase of investment securities

1,918

3,594

2,468

2,148

788

525

2,577

1,097

5,404

2,113

2,583

1,315

1,373

1,841

4,391

1,354

1,227

1,063

1,284

1,321

1,172

981

445

1,145

692

1,330

289

2,357

1,946

1,433

1,621

-

-

-

-

-

-

-

-

Proceeds from sale/maturity of investment securities

1,864

3,498

2,581

2,301

744

2,183

6,654

980

5,420

1,978

723

1,097

1,129

1,588

1,256

1,171

1,061

833

448

1,406

1,319

1,081

861

901

705

540

290

2,141

1,966

1,042

1,499

-

-

-

-

-

-

-

-

Purchase of investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

962

1,088

1,611

401

192

720

1,778

Maturity of investment securities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

662

450

1,010

1,296

1,248

1,584

4,128

Net cash (used in) provided by investing activities

-86

-180

18

82

-227

1,914

3,464

-1,408

-430

-291

-1,889

-238

-353

-320

-3,290

-

-

-

-

-

-

-

397

-294

-18

-1,075

-316

-323

-9

-472

-183

277

-358

-749

-632

943

890

434

2,247

Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-224

-306

-841

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash Flows from Financing Activities:
Dividends on common stock

597

596

597

-

-

-

-

585

581

580

581

577

577

576

575

566

569

1,139

570

-

-

-

-

-

-

-

-

-

-

-

-

-

486

2,655

487

481

483

2,633

481

Sale of treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

66

0

0

0

58

0

0

0

12

Dividends on common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-567

-

-560

-2,798

-558

-552

-551

-2,759

-492

-

-

-

-

-

-

-

-

Purchase of treasury stock

0

39

8

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

85

234

0

0

0

0

0

99

0

50

-

-

-

-

-

-

-

-

Purchase of treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

40

103

0

-

-

-

-

Proceeds from exercise of stock options

30

0

50

9

105

0

200

-

-

-

0

-

-

-

-

64

165

53

13

25

106

0

9

183

41

49

166

75

0

349

67

0

13

24

27

156

105

82

79

Excess tax benefits from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

0

0

15

0

0

3

23

0

0

4

21

0

0

5

11

0

0

1

39

0

0

6

4

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-404

-1,441

-541

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in financing activities

-566

-636

-555

-628

-487

-3,550

200

-348

-380

-690

-581

-577

-561

-476

-575

-

-

-

-

-

-

-

-770

-379

-518

-2,744

-371

-476

-651

-2,404

-397

-486

-513

-2,733

-361

-325

-868

-2,628

-385

Increase (decrease) in cash and cash equivalents

-

1,455

3,192

-

-

-3,025

2,038

-2,607

-295

-187

-2,668

672

528

287

-1,461

-

-

-

-

-578

-799

365

315

1,296

43

-3,390

1,718

673

1,049

-2,812

-545

1,652

1,134

-1,600

640

1,724

549

-353

3,301

Supplemental Schedule of Cash Flow Information:
Income taxes paid

20

0

151

7

0

0

80

110

550

-660

920

95

10

107

111

368

357

736

50

325

59

0

0

205

0

150

1,107

320

400

610

630

530

418

308

710

432

205

215

386

Supplemental Schedule of Non-cash Financing Activities
Accrual of dividends

-

-

-

-

-

-

2,995

-

-

-

0

-

-

-

-

-

-

-

590

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-