Futurefuel corp. (FF)
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'11
Cash flows from operating activities
Net income

19,043

72,373

6,622

3,687

5,499

1,836

9,445

6,051

35,826

15,947

3,334

834

3,396

18,680

12,868

14,224

10,569

29,647

4,850

3,793

8,131

30,128

11,451

5,347

6,274

26,531

15,297

18,156

14,050

6,169

12,549

8,473

7,113

10,621

12,735

8,437

2,716

Adjustments to reconcile net income to net cash from operating activities:
Depreciation

3,004

2,995

3,620

2,747

2,725

2,725

2,990

2,756

2,756

2,910

2,927

2,912

2,896

2,859

2,703

2,635

2,622

2,711

2,604

2,571

2,301

2,259

2,195

2,167

2,360

2,266

2,666

2,726

2,658

2,665

2,611

2,594

2,584

2,747

2,467

1,973

1,911

Amortization of deferred financing costs

36

36

36

36

36

36

36

36

36

36

37

36

36

36

36

36

36

-72

36

36

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Benefit for deferred income taxes

-22

-4,872

172

-30

-415

2,356

276

-281

-3,604

-12,354

460

-2

-1,761

3,972

-4,274

-1,147

-3,822

2,848

-111

-627

-5,831

3,256

3,601

255

-1,724

-473

-740

223

-982

1,785

1,537

-1,334

-161

-607

2,975

1,956

-1,478

Change in fair value of equity securities

-9,570

-340

1,730

1,883

3,008

-7,641

815

-382

-6,030

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of derivative instruments

1,874

-327

60

11

286

-160

731

-230

1,789

-2,230

378

884

-1,202

3,065

-1,817

-1,471

-3,398

5,050

3,668

-770

-4,653

2,319

43

-1,562

-404

1,332

8

218

-941

651

1,600

-2,011

1,266

-1,486

-115

986

-2

Other than temporary impairment of marketable securities

-

-

-

-

-

-

-

-

-

637

0

0

177

0

305

639

1,240

0

420

0

186

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of fixed assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

139

17,581

0

382

-

-

-

-

-

-

-

-

Loss on the sale of investments

-489

-218

-306

-1,058

-80

-1,097

0

663

1,661

493

26

-438

46

-614

-17

1,252

222

-1,095

151

450

1,207

1,435

0

2,949

-49

-245

138

2,030

59

3,646

83

-116

314

176

266

79

69

Stock based compensation

49

-

-

-

-

36

107

107

107

120

128

273

477

477

477

477

477

612

477

477

477

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss on disposal of property and equipment

-2

0

22

-8

-3

0

-4

-32

-5

-50

-68

-46

-31

0

-10

-22

-115

-10

-46

-78

-44

-93

-11

1

-5

-

-

-

-

-1

45

-44

-63

-355

66

21

6

Noncash interest expense

19

7

8

7

7

6

8

7

7

7

7

7

6

7

-2

15

7

6

7

7

6

6

6

7

6

6

6

6

6

6

6

6

6

5

5

5

6

Changes in operating assets and liabilities:
Accounts receivable

17,803

89,444

-821

4,027

1,320

-2,648

-3,448

-40,450

40,867

695

2,532

-1,102

-4,511

-5,627

5,375

-29,861

8,153

26,551

117

3,225

-33,709

16,645

12,459

3,658

-11,247

454

3,540

-3,277

5,121

2,896

-6,565

4,504

-13,607

-9,010

4,484

-3,199

8,114

Accounts receivable – related parties

-4,175

4,580

-8

-94

-1,720

-703

2,371

-2,066

2,077

-1,401

-1,392

322

2,251

354

-2

-2,270

2,293

-22

-5,099

5,062

-1,104

1,048

-2,566

-1,434

-504

-1,493

1,723

-86

4,485

-947

827

-50

47

204

166

-225

-22

Inventory

3,878

-5,216

6,673

-17,106

13,926

-8,709

484

-11,997

15,764

231

6,634

-14,986

-218

4,145

-10,769

-11,190

4,950

30,585

-21,616

-8,452

19,087

-13,831

-8,157

24,858

319

-5,528

-2,934

-20,076

28,710

-7,086

5,721

-24,595

10,513

26,411

-3,340

823

-3,827

Income tax receivable

13,587

7,695

-5,155

4

-1,340

6,379

-3,002

-1,662

-1,794

-8,025

-1,284

-856

-3,406

5,209

-1,633

4,046

-1,228

4,833

-8,448

7,885

-9,872

8,520

-4,565

6,269

-5,240

-

-

-

-

-

-

-

-

-1,038

0

0

519

Prepaid expenses

-171

1,422

-545

-328

-384

1,297

-484

-452

-254

1,118

-526

-475

-151

1,156

-515

-483

-106

1,251

-555

-374

-350

1,435

-556

-706

-346

1,501

-556

-525

-172

1,185

-471

-363

-216

-607

441

408

-22

Prepaid expenses – related parties

-

-

-

-

-

-

-

-

-

-

-3

-4

11

12

-35

0

0

0

12

0

23

0

0

187

-187

-

-

-

-

-

-

-

-

-

-

-

-

Accrued interest on marketable securities

-

-

-

-

-

-

-

107

-25

6

-33

24

-13

26

-20

74

30

-17

-86

17

56

-

-

-

-

188

-309

309

-109

-

-

-

-

246

0

-27

-96

Other assets

-120

-18

299

-484

-36

70

286

-107

68

46

-18

-27

8

143

92

194

127

358

103

-123

330

-3,077

2,902

-69

179

36

-61

235

56

187

59

18

-15

-1,177

270

121

153

Accounts payable

2,360

35,502

4,993

-2,676

3,634

-11,775

-3,298

-328

16,644

-5,828

6,575

268

-5,418

-1,790

8,095

-14,731

-3,217

15,753

-11,522

-3,932

3,757

10,030

8,331

-370

-2,532

-10,308

7,194

-3,785

9,237

-3,520

-1,821

-3,511

2,776

3,160

1,245

-8,221

7,853

Accounts payable - related parties

-815

283

531

-629

-619

-1,443

2,351

-1,796

1,394

-2,851

2,255

154

371

791

-1,365

1,535

49

242

-2,189

2,186

-2,907

-6,005

2,099

-2,237

8,198

-2,323

-270

-391

-46

2,803

738

17

-2,694

2,777

-172

-64

14

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,134

-1,242

-2,532

4,288

-4,173

2,947

-2,475

3,198

-3,447

2,721

119

1,730

Accrued expenses and other current liabilities

2,192

-817

1,216

-119

807

-5,111

801

-416

5,000

-1,527

217

-15

1,385

-4,210

1,095

1,034

1,436

-3,528

135

-980

2,700

-1,709

-1,242

432

-634

-

-

-

-

-1,846

167

1,730

317

-2,897

949

1,785

47

Accrued expenses and other current liabilities – related parties

-64

-

-

-

-

-

-

-

-

0

0

0

-142

142

0

0

0

-367

54

-102

369

-53

36

32

28

-152

55

50

50

-14

-3

0

-26

0

12

25

-2

Deferred revenue

925

1,902

-865

560

31

1,414

-1,069

-1,395

-208

-995

-1,248

-1,521

-451

999

-198

213

2,720

-267

258

-2,138

2,868

205

-4,163

-564

1,998

450

-13,739

-760

-685

-486

1,327

991

-891

381

141

6,325

5,277

Other noncurrent liabilities

-78

-138

-3,413

-81

-17

-

-

-

-

-2,288

16

18

94

2

1,760

-8

8

-400

-1,756

-691

16

-

-

-

-

-

-

1,998

916

-

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities

4,034

10,280

10,831

16,816

-3,289

6,444

13,809

61,520

3,840

2,907

8,481

19,677

8,282

14,096

30,851

44,831

1,197

-20,299

25,062

-6,242

41,102

25,466

23,644

-28,616

31,458

-

-

36,863

-7,335

-

-

-

13,983

-9,682

25,316

11,829

22,966

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-4,686

-16,400

Collateralization of derivative instruments

-1,876

963

56

-318

-590

704

-1,147

-336

-901

1,141

726

-1,189

1,223

-3,474

998

1,662

1,349

-5,071

-1,181

76

4,937

-3,480

1,128

1,902

1,435

-2,946

-617

584

1,605

-1,298

394

-556

-1,050

-29

242

1,721

199

Purchase of marketable securities

964

931

4,877

5,227

9,096

0

8,974

4,846

5,844

5,164

6,473

3,504

15,818

6,568

21,797

21,299

11,000

6,184

7,133

12,495

13,324

11,057

12,065

10,570

7,677

9,783

18,274

17,892

3,399

21,356

12,497

7,486

17,406

3,970

13,278

11,761

58,311

Proceeds from the sale of marketable securities

4,484

2,457

11,280

9,973

7,709

14,293

-1,776

10,797

24,921

8,341

4,645

2,384

7,884

9,719

4,244

7,400

9,124

2,697

19,839

7,302

18,708

24,153

0

32,557

388

10,291

12,572

14,729

3,606

15,999

3,267

6,723

7,648

9,217

3,889

7,513

19,577

Proceeds from the sale of property and equipment

50

0

0

8

5

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

184

32

31

-

-

-

-

Capital expenditures

1,608

832

1,480

2,413

2,246

1,783

1,981

675

428

967

928

788

898

1,388

853

1,357

897

1,193

1,669

1,821

2,539

1,426

976

3,033

2,682

-

-

3,415

2,318

-

-

-

-

4,359

3,524

7,162

8,163

Net cash provided by (used in) investing activities

3,838

-269

4,867

2,659

-3,038

11,806

-11,582

5,632

19,550

1,069

-3,478

-719

-10,055

5,237

-19,404

-16,918

-4,122

397

12,218

-8,498

-2,092

15,228

-14,166

17,052

-11,406

-505

-12,728

-7,162

-3,716

-7,597

-12,096

-2,130

-10,790

917

-13,155

-8,433

-30,696

Cash flows from financing activities
Deferred financing costs

477

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Minimum tax withholding on stock options exercised and awards vested

-

-

-

-

-

-

-

-

-

-

-

-

-

69

4

2

53

0

98

0

22

0

121

0

54

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits associated with stock options and awards

-

-

-

-

-

-

-

-

-

-

-

-

-

46

-47

0

-136

27

-371

0

0

0

-30

45

44

-

-

-

-

340

13

0

8

-

-

-

-

Proceeds from issuance of stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

19,292

3,049

28

0

72

74

0

15,763

35

Payment of dividends

2,624

2,625

2,624

2,625

2,624

2,626

2,624

2,624

2,624

2,625

2,625

2,625

102,813

2,624

2,623

2,623

2,623

2,623

2,623

2,624

2,623

5,247

5,247

5,233

5,201

15,603

4,767

4,767

4,767

54,142

4,132

4,132

4,132

4,128

4,130

3,997

3,999

Net cash used in financing activities

-3,101

-2,625

-2,624

-2,625

-2,624

-2,626

-2,800

-2,624

-2,624

-2,594

-2,768

-2,634

-102,813

-2,434

-2,674

-2,625

-2,812

-2,596

-3,092

-3,345

-2,645

-5,247

-5,398

-5,188

-5,211

-15,648

-4,727

-4,767

14,525

-51,008

-4,091

-4,132

-4,052

-4,046

-4,130

11,766

-3,964

Net change in cash and cash equivalents

4,771

7,386

13,074

16,850

-8,951

15,624

-573

64,528

20,766

1,382

2,235

16,324

-104,586

16,899

8,773

25,288

-5,737

-22,498

34,188

-18,085

36,365

35,447

4,080

-16,752

14,841

-10,979

10,297

24,934

3,474

-55,856

2,562

23,145

-859

-12,811

8,031

15,162

-11,694

Cash paid for interest

1

-

-

-

-

-

-

-

-

-

0

0

0

-

2

0

0

0

0

0

0

0

0

0

0

-

-

-

-

0

1

2

0

-

-

-

3

Cash paid for income taxes

453

1,296

178

895

3

-

-

-

-

0

0

54

1

1

1

79

906

4

2,230

10,320

827

5,372

0

6,838

162

11,990

13,513

12,806

581

5,713

3,692

7,757

2,090

8,877

2,039

2,392

465

Noncash investing and financing activities:
Noncash capital expenditures

-

165

-66

-102

210

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,656

1,955

2,113

669

256

599

535

Noncash operating leases

-

0

0

0

432

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-