Flotek industries inc/cn/ (FTK)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09
Cash flows from operating activities:
Net loss attributable to Flotek Industries, Inc. (Flotek)

-32,279

-70,340

-27,395

-49,130

-13,462

53,603

36,178

49,791

31,408

-43,465

-50,333

Income (loss) from discontinued operations, net of tax

44,456

2,743

-9,891

-44,683

-

-

-

-

-

-

-

Less: Income from discontinued operations, net of tax

-

-

-

-

-20,620

13,981

-

-

-

-

-

Loss from continuing operations

-76,735

-73,083

-17,504

-4,447

7,158

39,622

-

-

-

-

-

Adjustments to reconcile loss from continuing operations to net cash (used in) provided by operating activities:
Impairment of inventory and long-lived assets

-

-

-

-

-

-

0

-

-

-

-

Change in fair value of warrant liability

-

-

-

-

-

-

-

2,649

9,571

-21,464

465

Depreciation and amortization

8,465

9,216

9,768

8,172

8,735

7,713

15,109

11,583

10,105

13,768

14,186

Amortization of deferred financing costs

1,400

400

500

400

346

343

169

946

3,126

3,914

1,552

Accretion of debt discount

-

-

-

-

-

-

55

3,710

5,295

4,946

4,798

Provision for doubtful accounts

512

839

157

482

367

50

570

512

661

94

45

Provision for excess and obsolete inventory

5,659

2,418

388

0

-

10

1,330

2,079

1,011

771

-

Gain (Loss) on Disposition of Business

0

-360

0

0

-

-

-

-

-

-

-

Impairment of Long-Lived Assets to be Disposed of

0

2,580

0

0

-

-

-

-

-

-

-

(Gain) loss on sale of assets

-1,450

443

-292

18

12

-60

4,565

4,819

3,378

1,261

1,365

Goodwill, Impairment Loss

0

37,180

0

0

-

-

-

-

-

-

-

Impairment of goodwill, intangible assets or fixed assets

-

-

-

-

-

-

-

-

-

9,288

18,500

Stock compensation expense

4,235

7,050

10,643

11,446

13,083

9,123

10,914

13,421

7,437

4,684

1,731

Deferred income tax provision

18,307

-5,950

181

-19,681

-7,929

1,502

793

-18,746

1,218

-3,611

10,500

Reduction in tax benefit related to share-based awards

-24

-709

-1,989

-2,510

1,273

3,448

1,668

528

570

-1,744

-195

Non-cash lease expense

740

0

0

-

-

-

-

-

-

-

-

Non-cash loss on extinguishment of debt

-

-

-

-

-

-

-

-4,841

-3,225

-995

-

Changes in current assets and liabilities:
Restricted cash

-

-

-

-

-

-

-150

0

0

140

1

Unrealized gain on interest rate swap

-

-

-

-

-

-

-

-

-

-

199

Accounts receivable, net

-20,993

2,606

-4,076

10,905

-13,676

7,737

9,860

-1,796

17,918

12,792

-22,548

Inventories

65

-2,597

3,442

1,463

9,905

14,067

-4,529

9,368

11,054

1,384

-10,795

Income taxes receivable

-2,546

1,116

-8,008

8,189

4,700

0

0

-

-

-

6,607

Other current assets

8,359

-3,177

-12,001

14,296

-167

22,673

-1,007

2,073

892

170

-449

Accounts payable

1,131

4,631

-8,528

6,365

-7,653

10,954

-21,329

2,527

5,041

5,499

-14,645

Accrued liabilities

908

-8,740

-6,175

32,769

9,552

19,824

3,664

-1,894

-255

4,608

-9,768

Income taxes payable

-

-

-

-1,890

3,842

1,386

2,196

369

7,563

3,634

-

Interest payable

-8

-35

19

-87

18

-18

-5

-1,983

-29

-487

270

Net cash provided (used in) by operating activities

-18,769

-20,816

12,345

1,192

25,472

-

-

-

-

-

-

Net cash provided by (used in) operating activities

-

-

-

-

-

42,644

39,237

49,515

32,423

12,099

2,186

Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment

2,411

3,559

4,197

13,072

16,391

9,339

15,007

20,701

9,984

6,060

6,555

Proceeds from sale of businesses

169,722

1,665

18,490

0

0

-

-

-

-

-

-

Proceeds from sale of assets

240

1,387

689

115

13

59

5,788

5,521

5,286

5,460

2,858

Payments for acquisitions, net of cash acquired

-

-

-

7,863

0

5,704

53,396

0

0

-

-

Purchase of patents and other intangible assets

614

1,602

456

599

627

676

85

20

244

0

2

Net cash (used in) provided by investing activities

166,937

-2,109

14,526

-21,419

-17,005

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-

-

-

-

-

-15,660

-62,700

-15,200

-4,942

-600

-3,699

Cash flows from financing activities:
Repayments of indebtedness

0

0

9,833

15,564

10,143

10,292

13,206

102,438

33,273

38,572

27,764

Proceeds from borrowings

-

-

-

-

-

-

26,190

25,000

0

40,000

21,807

Borrowings on revolving credit facility

42,984

277,599

383,160

338,460

382,666

357,183

313,396

0

0

-

-

Repayments on revolving credit facility

92,715

255,818

393,776

325,043

366,018

364,955

297,124

0

0

-

-

Debt issuance costs

0

111

579

1,199

10

399

1,293

106

1,421

2,004

819

Payments for finance leases

51

0

0

-

-

-

-

-

-

-

-

Proceeds from preferred stock offering

-

-

-

-

-

-

-

-

-

-

16,000

Issuance costs of preferred stock and detachable warrants

-

-

-

-

-

-

200

0

0

-

1,199

Reduction in tax benefit related to share-based awards

-

-

-

-2,510

1,273

3,448

1,668

528

570

-1,744

-195

Purchase of treasury stock

247

173

1,729

2,350

6,345

6,294

-

-

-

-

-

Purchase of treasury stock

-

-

-

-

-

-

7,568

-

-

-

-

Proceeds from sale of common stock

35

341

654

30,923

879

906

824

161

29,438

0

-

Repurchase of common stock

0

0

5,203

0

9,697

10,395

0

2,034

775

236

48

Repurchase of common stock

-

-

-

-

-

-

-

0

-

-

-

Proceeds from exercise of stock options

0

0

21

134

39

462

491

167

147

3

30

Loss from noncontrolling interest

0

-358

0

0

-

-

-

-

-

-

-

Proceeds from exercise of warrants

-

-

-

-

-

1,545

323

421

4,793

4,453

-

Proceeds from noncontrolling interest

-

-

-

-

7

351

0

0

-

-

-

Net cash provided by (used in) financing activities

-49,994

21,480

-27,285

22,851

-7,349

-28,440

23,501

-78,301

-521

1,900

7,812

Discontinued operations:
Net cash provided by (used in) operating activities

-322

1,296

4,102

874

1,199

6,043

-

-

-

-

-

Net cash provided by (used in) investing activities

337

-1,303

-4,078

-880

-1,199

-6,043

-

-

-

-

-

Net cash flows (used in) provided by discontinued operations

15

-7

24

-6

0

0

-

-

-

-

-

Effect of changes in exchange rates on cash and cash equivalents

5

-88

151

-

-

-

-

-

-

-

-

Net change in cash, cash equivalents and restricted cash

98,194

-1,540

-239

-

-

-

-

-

-

-

-

Effect of changes in exchange rates on cash and cash equivalents

-

-

-

-3

-176

-8

-8

4

-141

-21

-7

Net (decrease) increase in cash and cash equivalents

-

-

-

2,615

942

-1,464

30

-43,982

26,819

13,378

6,292