Fuel tech, inc. (FTEK)
CashFlow / TTM
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
Operating Activities
Net Income (Loss) Attributable to Parent

-9,130

-7,852

-2,616

-293

-1,101

-28

-1,596

-3,058

-8,159

-10,449

-18,881

-21,483

-17,257

-17,388

-17,350

-14,620

-13,363

-12,380

-20,425

-18,944

-18,293

-17,725

-208

2,080

4,036

5,101

4,666

2,380

1,212

2,776

4,529

5,990

6,352

6,148

0

0

0

Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent

9

-1

-5

-33

-98

-113

-1,785

-2,014

-3,209

-3,914

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss from continuing operations

-9,139

-7,851

-2,611

-260

-1,003

85

189

-1,044

-4,950

-6,535

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation

729

810

796

777

703

654

739

912

1,102

1,312

1,496

1,609

1,699

1,780

1,866

1,944

2,033

2,067

2,110

2,027

1,949

1,922

1,885

2,014

2,130

2,175

2,209

2,205

2,177

2,191

2,201

2,365

2,600

2,808

0

0

0

Amortization

197

186

153

155

172

193

212

212

214

215

445

667

738

1,118

763

1,021

1,427

1,536

2,957

3,069

2,731

2,384

1,237

807

824

839

854

869

883

898

915

908

915

912

0

0

0

(Gain) loss on disposal of equipment

-

-

-

-

-

-142

-135

-207

-309

-304

-159

-148

-69

-60

-59

-26

0

26

26

26

25

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Provision for doubtful accounts, net of recoveries

-

-

-

-

-

-64

-62

-92

-62

0

-262

-232

-12

-111

194

151

-109

0

924

677

687

762

27

640

585

707

614

184

234

26

0

0

0

-

-

-

-

Deferred income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

Stock-based compensation, net of forfeitures

559

574

455

414

388

233

317

271

1,340

1,389

1,678

2,106

1,520

1,991

2,009

2,017

1,998

1,809

1,948

1,930

2,170

2,322

2,285

2,358

1,893

1,798

1,669

1,599

1,425

1,306

1,457

1,486

2,383

2,810

0

0

0

Changes in operating assets and liabilities:
Accounts receivable

-11,490

-11,415

-16,641

-6,484

-1,536

-848

5,388

1,543

3,380

-113

933

-3,239

-10,378

-3,522

-8,686

-5,675

333

-7,880

-3,784

-5,911

-9,940

-6,117

-10,654

-6,698

-1,583

6,970

13,974

15,441

11,390

-4,249

14,891

4,858

6,072

13,279

0

0

0

Inventories

-560

-818

-266

-319

-114

108

-68

-649

176

134

130

273

-201

-446

-425

132

-195

560

330

39

678

616

521

577

307

-77

-425

324

274

202

186

-592

-309

-504

0

0

0

Prepaid expenses, other current assets and other non-current assets

-2,151

-2,239

-215

-1,185

-325

-251

-462

871

1,079

1,084

-421

-48

-2,404

-2,893

-1,208

-1,433

613

1,245

-274

501

502

913

464

695

-686

-2,118

841

93

940

1,808

-217

-183

844

723

0

0

0

Accounts payable

-4,470

-7,331

-10,187

-5,788

-2,839

521

3,670

4,805

4,534

2,500

3,364

-2,406

-3,916

-2,445

-2,162

-1,487

2,377

1,817

-899

525

-4,128

-3,600

-6,262

-5,640

-2,271

-2,968

4,469

6,565

1,872

2,327

1,415

-168

3,643

2,914

0

0

0

Accrued liabilities and other non-current liabilities

-3,242

-5,010

-1,031

2,172

2,778

1,897

-343

-4,522

-3,707

-2,439

-1,413

2,504

459

699

1,905

2,607

-457

-913

-483

-2,440

1,195

906

-4,958

-6,760

-1,154

-1,287

1,789

4,746

-66

-2,579

-476

1,513

-14

2,346

0

0

0

Net cash used in operating activities - continuing operations

-381

-3,366

5,059

5,714

2,696

5,049

-218

-1,233

-3,196

-1,700

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in operating activities - discontinued operations

-11

-21

191

-98

-107

-122

-479

-595

-1,314

-1,868

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in operating activities

-392

-3,387

5,250

5,616

2,589

4,927

-697

-1,828

-4,510

-3,568

-6,091

-5,791

1,230

-2,738

5,820

6,036

225

6,928

2,958

6,039

8,391

5,435

4,861

1,423

9,401

2,842

1,517

2,875

-5,208

8,667

8,328

9,237

12,262

4,858

0

0

0

Investing Activities
Purchases of equipment and patents

285

550

609

715

787

570

373

473

457

492

998

871

946

940

732

721

617

802

1,190

1,998

2,762

2,808

2,284

1,621

1,521

1,754

2,074

2,134

2,301

2,534

2,779

2,892

2,355

2,408

0

0

0

Proceeds from the sale of equipment

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities - continuing operations

165

-45

-104

-716

-733

-569

-371

-470

-453

-490

-997

-869

-945

-938

-730

-720

-615

-776

-1,164

-4,982

-13,826

-13,897

-13,373

-9,700

-1,521

-1,754

-2,074

-2,134

-2,301

-2,534

-2,779

-2,892

-2,353

-2,406

0

0

0

Financing Activities
Change in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments on short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,623

1,623

2,368

815

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds on short-term borrowings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Proceeds from exercises of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

297

0

0

0

-

-

0

0

-

-

-

-

376

0

0

0

Repurchases of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,889

0

0

0

-

-

-

-

Excess tax benefit from exercises of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Taxes paid on behalf of equity award participants

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

Net cash used in financing activities

-131

-128

-2

-1

-4

-12

-12

-13

-245

-258

5,762

6,762

6,878

-172

-6,192

-7,179

-7,960

-1,875

-1,912

-2,658

-899

0

825

2,367

2,057

2,045

31

-1,488

-7,327

-9,115

-9,752

-12,312

-6,763

-4,820

0

0

0

Effect of exchange rate fluctuations on cash

-1,661

-998

-530

-412

-884

-673

-352

147

1,172

856

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash, cash equivalents and restricted cash

-2,019

-4,558

4,614

4,487

968

3,673

-1,432

-2,164

-4,036

-3,460

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate fluctuations on cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

36

-678

-577

-1,230

-1,027

-338

-274

-639

-442

-297

-176

152

-285

-865

-1,062

-794

-312

45

44

73

0

0

0

Net (decrease) increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,066

-2,541

-8,927

3,047

-1,145

-1,939

-6,608

-9,101

-8,129

-6,207

9,761

3,285

-811

-1,612

-15,898

-3,776

-4,515

-5,922

3,190

-2,295

0

0

0

Supplemental Cash Flow Information: