Faro technologies, inc (FARO)
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'10Jun'10Mar'10
Operating activities:
Net (loss) income

-14,823

-49,695

-6,199

-6,405

152

5,758

-2,488

1,205

455

-11,058

1,628

-3,625

-1,461

3,545

1,090

3,392

3,080

8,885

-884

4,148

664

11,122

11,223

6,328

4,976

8,262

5,042

3,631

4,574

7,841

3,673

4,734

6,750

9,472

6,429

4,233

3,243

4,839

2,328

1,837

2,064

Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization

3,759

4,313

4,881

4,573

4,749

4,846

4,747

4,377

4,343

4,513

4,368

3,989

3,718

4,135

3,381

3,266

3,086

3,195

2,790

2,739

2,493

1,908

1,805

1,868

1,847

1,770

1,699

1,736

1,833

1,812

1,796

1,689

1,679

1,665

1,711

1,722

1,614

1,492

1,779

1,515

1,540

Stock-based compensation

2,178

2,368

3,387

2,752

2,564

1,903

2,317

1,847

1,553

1,627

1,628

1,778

1,417

1,306

1,337

1,249

1,482

515

1,323

1,270

1,198

1,009

1,225

1,198

1,246

1,130

1,132

1,087

1,018

1,062

1,090

1,093

773

685

676

724

642

593

596

639

564

Provisions for bad debts, net of recoveries

-15

1,090

998

102

-100

547

149

187

24

49

91

141

89

171

153

264

310

-116

52

91

319

-34

-338

186

-120

575

111

41

274

132

-71

-95

11

-

-

-

329

770

832

458

348

Loss on disposal of assets

-10

-2,087

-204

-291

-57

209

-236

-38

-127

-188

-141

-45

-77

-46

-509

-241

-64

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Provision for excess and obsolete inventory

204

14,455

950

585

896

400

4,853

192

312

463

535

169

567

1,197

1,497

1,027

413

1,318

8,055

477

1,028

-316

1,208

719

1,661

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax (benefit) expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-165

1,211

5

1,711

-2,272

-

-

839

410

-

-

-

-

881

391

739

5

783

-127

307

-291

-

-

-

-

Deferred income tax benefit

-2,326

-

-58

-19

8

-

29

-62

-128

-

56

162

6

-

-

-

-

-

-

-

-

-

-

-

-

-

-285

119

1,162

-

-

-

-

-

-

-

-

-

930

246

34

Income tax benefit from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

3

284

5

65

21

6

-6

292

32

78

1

58

155

1,628

-6

-808

-

-

-58

-1,056

-181

-399

-776

-237

-106

-11

-22

6

Change in operating assets and liabilities:
Decrease (Increase) in:
Accounts receivable

-16,084

11,477

-7,441

-2,032

-12,410

14,113

2,134

1,556

-1,808

10,467

1,070

-3,049

-1,722

6,123

968

-2,709

-11,109

7,621

-5,385

6,585

-18,405

19,195

5,689

1,572

-1,869

13,004

693

-2,103

-7,541

11,238

-2,863

5,719

-9,254

8,519

6,380

-508

-5,412

10,470

1,160

1,894

-506

Inventories

-1,795

-5,335

-216

-1,221

10,908

8,428

5,440

1,456

5,208

-524

1,343

7,627

2,480

-1,960

3,771

3,333

1,585

-3,672

6,596

876

14,221

5,442

7,528

4,823

4,202

1,906

481

-2,400

1,299

-3,176

-175

-259

6,432

3,647

8,909

7,248

7,525

1,132

191

2,202

2,748

Prepaid expenses and other current assets

-7,408

-548

1,642

2,181

-4,463

7,053

731

2,590

936

-3,581

-2,655

5,308

1,181

-4,583

3,110

-2,832

717

-2,906

3,792

386

1,562

469

2,691

-198

539

-19

2,600

-1,304

2,069

639

-338

-410

1,979

-1,290

675

1,523

509

-1,283

1,618

-1,202

3,039

(Decrease) Increase in:
Accounts payable and accrued liabilities

4,756

10,886

-5,611

1,379

-9,172

10,626

3,470

1,945

-4,846

3,877

-4,384

4,052

-2,442

-594

2,724

3,709

-5,305

2,378

3,857

-3,086

-9,550

9,672

-91

5,389

-6,103

7,033

3,640

-3,889

-676

4,228

-994

-2,023

-4,290

3,576

1,024

2,491

-2,447

6,238

194

1,804

2,199

Income taxes payable

-1,389

4,720

-560

-1,796

-1,323

1,796

-704

-1,807

-2,571

20,609

-8

28

-618

618

-522

-119

641

-

-

459

263

-

-

-25

-1,619

1,672

-832

-1,210

-1,658

3,415

-851

1,707

-774

2,401

400

939

-742

1,147

-43

-41

-234

Customer deposits

-

-

-

-

-

-

-

-

-

-

-

-

-123

-

-285

-235

-635

1,587

116

-132

-457

935

-1,264

250

-645

611

-716

453

5

333

-2,024

575

-258

1,784

607

-2,485

762

1,030

116

868

-540

Net cash provided by operating activities

16,315

9,002

5,722

11,934

5,810

1,458

4,858

4,056

-4,049

11,123

3,600

-4,089

-279

9,132

723

14,608

13,120

20,141

9,491

-2,371

771

1,181

-5,029

10,329

-823

10,083

5,935

7,987

10,273

14,589

6,587

2,363

4,334

10,083

-3,458

-158

2,222

5,196

3,962

4,787

1,036

Purchases of property and equipment

757

753

2,229

2,150

1,543

4,126

1,731

2,921

2,243

2,889

2,412

1,924

1,745

2,448

2,692

523

2,057

5,707

2,389

3,637

2,436

8,416

5,751

2,431

2,124

2,467

992

635

256

704

606

1,830

703

1,104

836

1,351

1,183

1,514

1,280

640

613

Proceeds from sale of investments

9,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for intangible assets

435

83

802

704

529

184

530

536

650

1,032

700

313

332

217

728

390

322

389

566

1,052

133

141

153

508

419

417

955

338

494

589

329

250

193

244

221

131

294

405

192

177

205

Acquisition of businesses

-

-

-

-

-

-571

23,673

-1

3,966

100

0

5,496

0

-

-

-

-

0

55

0

12,011

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

7,808

-836

-3,580

-2,854

-2,072

-8,739

-34,934

-5,242

-6,859

-4,021

7,888

13,267

-2,077

-20,462

-13,331

-913

-2,379

15,905

-3,010

-4,689

-14,580

-8,707

-6,904

-2,939

-2,543

-2,884

-1,947

-973

-750

-1,293

-935

-2,080

-896

-1,348

-1,057

-1,482

-1,477

-1,919

-1,472

-817

-818

Financing activities:
Proceeds from notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

2,490

Payments on finance leases

82

85

86

97

90

73

38

0

46

102

2

2

2

2

2

2

2

2

1

3

2

2

2

-46

50

17

0

13

63

13

21

-33

131

23

23

95

22

24

21

20

19

Payments of contingent consideration for acquisitions

0

1

2,800

50

250

250

638

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of stock related to stock option exercises

2,802

5,573

1,593

443

292

-46

13,768

348

6,785

3,207

103

16

268

155

6

61

452

1

111

156

2,019

847

867

36

1,619

2,177

183

35

3,049

55

506

313

5,288

1,423

852

4,346

2,529

1,025

17

88

275

Payments for taxes related to net share settlement of equity awards

1,581

-3,588

-51

302

1,138

0

0

0

0

-

-

-

-

3

284

5

65

21

6

-6

292

32

78

1

58

155

0

6

808

0

21

58

1,056

181

399

776

237

106

11

10

6

Net cash provided by (used in) financing activities

1,139

4,678

-1,293

44

-1,186

-369

13,092

348

6,739

3,105

-420

14

266

-184

-146

64

515

-22,743

116

147

2,309

877

943

83

1,627

2,315

183

28

3,794

42

506

404

6,213

1,581

1,228

5,027

2,744

1,107

7

-2,412

2,752

Effect of exchange rate changes on cash and cash equivalents

-1,656

-

-

-

-639

-

-

-

-

912

1,179

2,544

1,779

-3,666

562

-496

1,666

-1,922

-1,198

1,423

-1,723

-972

-1,935

-354

-175

-1,789

1,426

-332

-1,952

-610

-401

473

-603

-121

293

670

-929

1,713

199

2,040

283

Increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-18,456

-5,272

-2,134

-

12,247

11,736

-311

-15,180

-12,192

13,263

12,922

11,381

5,399

-5,490

-13,223

-7,621

-12,925

7,119

-1,914

7,725

5,597

6,710

11,365

12,728

5,757

1,160

9,048

10,195

-2,994

4,057

2,560

6,097

2,696

3,598

3,253

Increase in cash and cash equivalents

23,606

27,076

-2,370

-1,768

1,913

-28,306

-1,472

-4,434

2,035

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer deposits
Increase (decrease) in contract with customer, liability

-961

655

-239

-136

-310

620

-489

595

-213

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unearned service revenues

-961

655

-239

-136

-310

620

-489

595

-213

-

-

-

430

-

-555

37

1,077

4,584

-315

571

211

2,486

100

1,453

1,274

3,260

-82

218

376

3,835

539

530

661

1,791

1,393

811

1,389

1,415

210

365

348

Current portion of unearned service revenues
Increase (decrease) in contract with customer, liability

-365

5,627

1,811

1,674

2,324

3,915

1,043

1,141

1,231

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unearned service revenues

-365

5,627

1,811

1,674

2,324

3,915

1,043

1,141

1,231

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-