FRANK'S INTERNATIONAL N.V. FI Cash Flow

Frank's international n.v. (FI)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13
Cash flows from operating activities
Net loss
-85,978	-168,093	-23,789	-15,160	-28,287	-15,898	-6,999	-25,763	-42,073	-109,140	2,296	-25,950	-26,663	-66,186	-42,198	-45,287	-2,408	6,768	24,088	28,853	46,401	51,461	67,440	50,049	60,362	76,448	59,467	141,870	73,045
Adjustments to reconcile net loss to cash from operating activities
Depreciation and amortization
19,718	22,163	21,482	23,913	25,242	27,132	26,998	28,862	28,300	29,402	30,650	30,951	31,099	29,937	26,545	28,283	29,450	28,219	29,032	27,710	24,001	23,699	23,254	21,895	21,193	21,488	19,887	19,068	17,783
Equity-based compensation expense
2,146	3,042	2,647	3,017	2,574	2,445	3,008	2,888	2,280	2,367	2,342	3,415	5,701	3,622	3,828	4,320	4,208	3,847	6,096	10,647	8,010	8,918	9,214	15,347	4,889	4,700	2,520	0	0
Goodwill impairment
57,146	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on asset impairments and retirements
20,187	-	-	-	66	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
ESPP expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	55	-	0	0	0	-	-	-	-
Amortization of deferred financing costs
97	97	97	90	87	58	0	0	0	0	21	41	205	41	41	41	41	41	41	41	41	0	63	76	96	86	43	0	0
Venezuelan currency devaluation charge
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	3,510	0	-1,755
Deferred tax provision (benefit)
-1,690	-3,160	185	84	3,618	-14,634	0	0	0	2,719	33,144	-9,260	-11,060	-1,764	-16,701	-5,768	-3,303	-8,955	4,096	3,947	5,780	-29,961	-1,055	1,495	1,526	-815	-1,605	-1,034	-167
Provision for bad debts
1,280	1,308	-112	66	19	91	27	-62	103	592	-13	462	-91	1,171	36	9,993	381	350	-457	289	46	-3,024	109	23	-245	765	8,029	2,414	1,343
Loss on disposal of assets
-60	-53	-603	-154	-227	-481	2,242	-217	-235	-46	829	-210	1,472	-2,212	46	279	770	517	1,392	-687	-184	-96	-280	-154	241	191	-125	39,709	-23
Changes in fair value of investments
-2,411	812	56	467	1,412	-2,494	878	608	-191	618	535	461	1,013	62	732	423	-94	995	-2,140	-317	721	680	-582	989	316	1,510	1,092	-25	1,314
Unrealized gain on derivative instruments
0	-571	553	-700	496	-56	-323	204	561	-585	681	-274	-456	232	-615	1,293	-974	210	0	0	0	-	-	-	-	-	-	-	-
Realized loss on sale of investment
-	-	-	-	-	-	-	-	-	0	0	0	-478	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Increase in value of life insurance policies
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-32	847
Other
381	956	193	-193	566	-843	0	0	0	689	-689	0	1,876	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities
Accounts receivable
16,129	-12,280	-24,206	-400	14,734	26,402	15,540	17,286	4,426	2,646	-30,614	-3,333	10,030	11,654	-13,276	-35,761	-33,005	-77,946	3,477	-52,503	-13,685	37,570	10,150	9,347	-13,718	24,128	-695	38,884	19,715
Inventories
1,855	-3,497	11,868	-1,760	4,083	-553	2,009	-1,008	2,469	-5,956	-519	-895	-4,732	-7,347	-8,654	-10,550	-828	-3,926	-20,077	-23,775	6,276	-7,608	-2,288	15,493	24,685	21,753	15,728	21,752	26,421
Other current assets
814	1,681	-474	-1,292	-771	-2,344	-195	-1,000	-1,042	-1,580	-3,995	-2,057	-1,045	1,951	-2,932	-2,869	-189	-5,180	-3,132	-1,911	-6,758	7,855	1,897	-99	-1,727	3,436	-3,833	3,207	-1,112
Other assets
-139	1,464	-68	-356	245	-54	120	-54	-270	1,274	-203	-1,198	-547	688	192	-201	13	1,146	-331	-83	-2,065	3,834	-659	-1,884	328	-317	1,181	685	-119
Accounts payable and accrued liabilities
-14,860	3,907	9,274	-3,934	-13,184	25,559	-57	-6,897	-3,295	7,464	3,910	-86	4,486	-47,542	2,640	696	-2,862	-4,197	-616	-299	2,077	2,084	2,496	-3,096	3,507	-4,281	-847	98	-248
Deferred revenue
67	435	88	0	22	-8	78	-14	-410	-4,334	-1,332	-3,991	-3,716	-10,180	-8,256	-16,067	-5,156	-801	902	-12,713	-5,861	-1,110	7,308	7,184	123	-2,443	5,077	22,110	14,693
Accrued expenses and other current liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-10,598	-11,492	-6,466	21,962	-1,137	-18,685	1,831	14,244	10,239	13,039	-4,607	-16,412	9,219	17,371	-12,922
Other non-current liabilities
-3,796	-150	-947	-17	611	-2,418	-316	-148	-96	-862	-201	-1,120	-2,263	-1,185	-10,035	-231	-2,029	953	-1,849	681	2,053	1,857	1,152	1,815	1,091	1,197	1,761	1,573	2,425
Net cash used in operating activities
-22,252	18,563	25,874	12,381	-29,770	2,750	2,468	-16,953	-20,909	189	32,052	1,968	-9,435	-38,677	-30,191	11,874	46,163	132,371	79,475	115,783	100,129	94,933	111,982	84,135	77,810	37,274	90,203	99,290	50,664
Cash flows from investing activities
Purchases of property, plant and equipment and intangibles
9,968	9,963	9,739	9,095	8,145	5,177	3,292	4,942	6,323	3,386	3,364	3,520	11,720	12,350	11,406	10,103	8,268	11,427	17,453	26,972	43,871	48,765	46,465	40,820	36,902	57,741	39,295	46,957	40,511
Proceeds from sale of assets
70	438	93	246	14	2,670	2,664	116	1,639	3,340	8,490	564	1,636	1,623	278	776	1,181	1,479	2,886	124	90	195	-1,836	2,099	390	488	218	50,204	49
Proceeds from sale of investments
0	0	15,000	19,200	12,539	75,891	10,988	25,977	30,969	41,800	0	8,600	2,899	0	11,101	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of investments
0	-182	119	15,093	5,092	17,029	24,732	15,851	26,428	62,284	60,646	59	59	82	83	102	736	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	94	0	0	0	0	0	1,539	626	163	694	330
Other
141	-	-	-	103	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Premiums on life insurance policies
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14	-	-	-	0	0	-224	1,144	1,222
Net cash used in investing activities
-10,039	-9,855	5,235	-4,639	-787	19,618	-14,372	5,300	-143	-20,466	-55,584	5,585	-7,244	-161,553	-110	-9,429	-7,823	-10,723	-14,661	-105,510	-43,795	-48,570	-48,301	-38,721	-38,051	-57,879	-39,016	1,409	-42,014
Cash flows from financing activities
Repayments of borrowings
0	517	1,618	1,755	1,737	1,603	1,368	1,466	1,455	490	36	82	72	81	2,160	2,178	2,782	708	20	18	19	18	18	18	18	206	418,460	31,468	21,936
Proceeds from borrowings
-	-	-	-	-	-	-	-	-	-	-	-	4	45	62	160	96	151	0	0	0	-	-	-	-	-	-	-	-
Dividends paid on common stock
-	-	-	-	-	-	-	-	-	-270	16,998	16,723	16,703	16,680	15,491	23,542	23,300	23,271	23,268	23,155	23,150	23,141	23,141	11,515	11,514	11,514	0	0	0
Distribution to noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	3,015	5,012	0	11,060	11,497	20,982	9,095	10,246	17,549	4,675	11,496	0	0	0
Treasury shares withheld for taxes
1,056	12	332	1,542	1,452	135	284	182	1,035	629	23	447	1,802	218	1,650	812	584	138	3,826	497	36	647	4,154	0	0	-	-	-	-
Proceeds from the issuance of ESPP shares
552	0	1,060	0	692	0	753	1	561	12	-14	740	526	0	0	585	388	-3	290	0	0	-	-	-	-	-	-	-	-
Distributions to stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	83,068	22,299
Net cash used in financing activities
-1,521	-529	-890	-2,029	-2,497	-3,310	-1,012	-1,695	-1,929	-837	-17,071	-16,516	-18,047	-16,934	-19,834	-28,803	-31,194	-23,969	-37,884	-35,169	-44,187	-32,901	-37,559	-29,083	-16,207	-23,244	292,249	-114,536	-44,235
Effect of exchange rate changes on cash
9,327	-3,213	3,100	-40	-376	1,027	279	3,333	-1,255	791	-1,009	-27	-860	6,840	-1,386	-1,069	-707	-2,373	5,378	1,199	-3,059	8,544	-1,410	-553	-601	-726	79	-3,548	5,457
Net decrease in cash, cash equivalents and restricted cash
-24,485	4,966	33,319	5,673	-33,430	20,085	-12,637	-10,015	-24,236	-20,323	-41,612	-8,990	-35,586	-210,324	-51,521	-27,427	6,439	95,306	32,308	-23,697	9,088	20,966	24,712	15,778	22,951	-44,575	343,515	-17,385	-29,553
Effect of exchange rate changes on cash due to Venezuelan devaluation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	575
Non-cash transactions:
Change in accounts payable and accrued liabilities related to capital expenditures
-	-	-	-	-	-	-	-	-	-	1,082	471	2,430	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net transfers from inventory to property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-990	-1,358	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-