Flotek industries inc/cn/ (FTK)
CashFlow / Quarterly
Dec'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 loss attributable to Flotek Industries, Inc. (Flotek)

-39,563

-11,110

-14,598

32,992

8,559

-3,932

-75,034

67

-8,489

-3,103

-3,825

-11,978

-13,919

-2,746

-2,280

-30,185

-1,375

1,975

-12,547

-1,515

16,273

14,272

11,040

12,018

11,005

8,968

8,440

7,765

23,201

9,806

13,178

3,606

991

17,917

2,126

10,374

Less: Income from discontinued operations, net of tax

-

117

-1,608

48,372

-

984

-6,403

9,595

-

316

-2,702

-11,235

-

-875

-2,169

-30,156

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from continuing operations

-37,138

-11,227

-12,990

-15,380

9,992

-4,916

-68,631

-9,528

-12,219

-3,419

-1,123

-743

-2,436

-1,871

-111

-29

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

20,372

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Change in fair value of warrant liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

6,524

-3,875

-9,038

7,802

3,253

7,554

Depreciation and amortization

2,028

2,058

2,119

2,260

2,281

2,259

2,343

2,333

677

3,068

2,991

3,032

792

2,729

2,401

2,250

-4,878

4,432

4,611

4,570

-5,563

4,462

4,595

4,219

4,161

4,025

3,890

3,033

3,115

2,967

2,853

2,648

2,573

2,568

2,496

2,468

Amortization of deferred financing costs

0

0

0

1,400

100

100

100

100

124

123

123

130

92

103

118

87

86

87

87

86

86

109

42

106

104

53

0

12

207

209

240

290

597

542

953

1,034

Accretion of debt discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

55

848

831

1,017

1,014

1,332

1,306

1,362

1,295

Provision for doubtful accounts

86

324

-264

366

663

647

-428

-43

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss on sale of assets

-354

-3

4

-1,097

562

-57

-5

-57

109

11

-214

-198

-11

14

15

0

-2,998

987

800

1,223

-2,612

1,163

831

558

1,113

884

1,436

1,132

1,780

564

1,432

1,043

660

1,290

723

705

Provision for excess and obsolete inventory

-

0

0

0

-

-125

637

1,305

-

110

191

89

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stock compensation expense

1,406

1,160

1,213

456

456

2,209

2,486

1,899

964

3,026

3,642

3,011

2,855

3,463

3,070

2,058

2,604

3,569

3,448

3,462

1,694

2,673

2,422

2,334

2,217

2,877

3,579

2,241

3,850

3,694

3,699

2,178

2,627

2,112

2,275

423

Deferred income tax provision

324

128

-5

17,860

-21,308

-101

23,121

-7,662

8,471

-961

74

-7,403

-13,372

1,767

-1,178

-6,898

767

619

-6,948

-2,367

1,265

683

-156

-290

1,108

107

-723

301

-19,764

272

216

530

491

887

-319

159

Reduction in tax benefit related to share-based awards

0

0

0

-24

-397

-240

-69

-3

-1,074

-600

-249

-66

-1,627

71

-589

-365

-881

5

2,062

87

23

52

2,073

1,300

833

403

-170

602

-51

61

223

295

14

327

172

57

Non-cash lease expense

-73

349

234

230

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-571

0

-680

-3,590

-

-

-

-

Changes in current assets and liabilities:
Restricted cash

-

-

1

660

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-150

0

0

0

0

-

-

-

-

Accounts receivable, net

636

-15,340

-6,763

474

-7,786

16,273

-4,166

-1,715

-12,780

-4,170

-2,914

15,788

3,333

7,521

303

-252

12,600

-4,152

360

-22,484

3,841

3,347

24

525

3,339

3,981

-1,368

3,908

-1,264

1,643

-5,344

3,169

-1,228

8,098

7,334

3,714

Inventories

3,065

-2,093

-7,938

7,031

-4,087

-590

7,809

-5,729

-9,161

-7,700

13,841

6,462

-1,496

-4,665

-2,855

10,479

-6,551

-40

4,431

12,065

-3,968

-793

8,965

9,863

-6,584

-3,915

6,311

-341

5,081

1,198

755

2,334

2,584

41

5,624

2,805

Income taxes receivable

307

-3,134

34

247

1,174

5

-64

1

1,246

-635

-8,287

-332

-5,498

2,152

1,227

10,308

1,596

1,382

1,722

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,115

Other current assets

-6,615

-1,235

-2,452

18,661

-1,418

-608

-820

-331

648

1,536

-262

-13,923

14,245

-363

445

-31

1,235

537

-1,295

-644

17,716

-366

6,208

-885

-748

1,786

-231

-1,814

-140

-108

2,223

98

-285

-629

1,871

-65

Accounts payable

5,565

-277

-2,941

-1,216

-1,041

1,347

5,106

-781

-266

-6,844

-7,089

5,671

406

2,337

-2,179

5,801

3,427

-5,047

-1,415

-4,618

-1,663

1,880

4,037

6,700

-3,988

-9,048

-5,924

-2,369

1,719

2,800

-3,192

1,200

2,201

1,586

2,084

-830

Accrued liabilities

14,030

-2,906

-2,023

-8,193

261

7,888

-9,290

-7,599

-7,736

1,741

-1,445

1,265

22,335

-1,251

-589

12,274

11,014

-1,621

3,933

-3,774

18,805

1,702

1,848

-2,531

-1,267

3,888

882

161

-2,986

488

2,098

-1,494

-250

1,147

1,470

-2,622

Income taxes payable

-

-587

-1,246

2,428

-

0

0

0

-

-

-107

97

-83

-48

58

-1,817

899

711

1,614

618

304

-458

-2,782

4,322

611

2,223

-799

161

3,362

-596

752

-3,149

-

-

-

-

Interest payable

0

0

0

-8

2

-18

18

-37

13

9

-28

25

-132

-29

44

30

18

-13

0

13

17

-13

-10

-12

-21

-77

107

-14

-250

-729

630

-1,634

1,398

-1,397

1,427

-1,457

Net cash provided (used in) by operating activities

-5,084

10,825

1,211

-25,721

3,965

-5,131

-7,467

-12,183

11,167

8,421

-4,686

-2,557

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

2,470

3,088

-6,383

-

5,993

5,075

6,228

2,747

21,457

2,935

15,505

17,877

9,877

3,474

8,009

11,058

16,384

16,358

5,715

24,301

11,512

-579

-2,811

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

542

1,102

306

461

-406

1,334

1,254

1,377

-1,958

1,647

2,631

1,877

2,454

2,380

4,448

3,790

5,313

2,115

3,373

5,590

-4,155

4,249

5,130

4,115

5,022

866

4,736

4,383

5,458

5,765

5,359

4,119

4,013

2,314

2,416

1,241

Proceeds from sale of businesses

0

0

0

169,722

0

1,665

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of assets

6

94

8

132

1,026

271

10

80

368

11

152

158

77

14

24

0

-3,212

1,037

873

1,315

-3,263

1,340

1,150

832

1,193

1,569

1,638

1,388

2,145

758

1,388

1,230

1,521

1,486

1,236

1,043

Payments for acquisitions, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,250

0

0

1,250

0

0

418

5,286

0

0

53,396

0

-

-

-

-

-

-

-

-

Purchase of patents and other intangible assets

24

363

124

103

136

1,285

64

117

-361

570

163

84

288

171

9

131

193

142

177

115

-104

185

460

135

85

0

0

0

-11

2

14

15

-

-

-

-

Net cash (used in) provided by investing activities

-560

-1,371

-422

169,290

1,296

-683

-1,308

-1,414

2,687

-1,206

14,848

-1,803

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-10,400

-4,433

-3,921

-

-1,220

-2,677

-5,640

996

-3,094

-4,858

-8,704

-3,914

703

-56,494

-2,995

-3,302

-5,009

-3,985

-2,904

-2,493

-851

-1,400

-198

Cash flows from financing activities:
Repayments of indebtedness

-

-

-

-

-

-

-

-

0

0

9,083

750

166

11,827

1,786

1,785

1,786

1,786

1,785

4,786

1,786

1,786

1,934

4,786

3,429

2,128

1,546

6,103

50,610

293

15,259

36,276

192

210

31,985

886

Borrowings on revolving credit facility

0

0

0

42,984

63,987

67,574

69,772

76,266

73,139

85,264

125,894

98,863

81,722

85,341

75,397

96,000

90,750

87,766

91,999

112,151

51,433

101,000

108,000

96,750

81,700

78,125

143,571

10,000

0

0

0

0

-

-

-

-

Repayments on revolving credit facility

0

0

0

92,715

67,658

63,298

60,387

64,475

85,778

87,391

123,781

96,826

75,719

95,864

69,934

83,526

86,186

90,371

86,085

103,376

47,157

114,572

104,129

99,097

92,805

88,305

106,770

9,244

0

0

0

0

-

-

-

-

Debt issuance costs

0

0

0

0

13

0

90

8

473

0

0

106

1,052

0

147

0

-

-

-

-

143

129

68

59

86

216

991

0

-

-

-

-

75

346

0

1,000

Issuance costs of preferred stock and detachable warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

200

0

0

0

0

-

-

-

-

Reduction in tax benefit related to share-based awards

-

-

-

-

-

-

-

-

-

-

-

-

-1,627

71

-589

-365

-881

5

2,062

87

23

52

2,073

1,300

833

403

-170

602

-51

61

223

295

14

327

172

57

Purchase of treasury stock

40

65

11

131

82

67

21

3

229

165

1,233

102

1,425

316

455

154

969

37

4,284

1,055

234

99

1,916

4,045

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of common stock

28

7

0

0

0

94

101

146

124

162

117

251

313

30,164

234

212

100

236

287

256

143

258

274

231

257

215

202

150

161

0

0

0

-

-

-

-

Repurchase of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,398

39

4,609

2,651

10,395

0

0

0

-

-

2,201

2,658

1,537

7

274

216

570

6

151

48

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

0

1

13

7

0

0

0

134

17

0

0

22

1

11

7

443

0

363

121

7

0

36

98

33

11

27

102

7

Proceeds from exercise of warrants

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1,545

0

317

6

0

-

-

-

-

212

0

561

4,020

Proceeds from noncontrolling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

7

351

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-114

31

-49

-49,862

-3,767

4,303

9,018

11,926

-14,246

-5,816

-8,560

1,337

2,046

7,569

2,720

10,516

-1,353

-4,226

-2,425

655

-7,764

-15,265

2,307

-7,718

-15,773

-11,692

58,412

-7,446

-26,985

-203

-14,949

-36,164

-600

-208

-1,863

2,150

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

-1

0

16

-337

416

236

214

430

4,797

99

-441

-353

956

-23

110

-169

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

0

0

0

337

-673

0

-200

-430

-4,786

-86

441

353

-954

23

-118

169

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash flows (used in) provided by discontinued operations

-1

0

16

0

-257

236

14

0

11

13

0

0

2

0

-8

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of changes in exchange rates on cash and cash equivalents

3

0

0

2

-22

8

-26

-48

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net change in cash, cash equivalents and restricted cash

-5,756

9,485

756

93,709

1,215

-1,267

231

-1,719

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of changes in exchange rates on cash and cash equivalents

-

-

-

-

-

-

-

-

-

108

-6

26

-51

-5

-7

60

-145

-24

3

-10

30

-67

178

-149

171

-22

-137

-20

20

12

-41

13

-21

-95

-24

-1

Net (decrease) increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

1,520

1,596

-2,997

1,349

-366

1,360

272

-790

523

-24

1,233

-3,991

3,031

562

-1,066

-1,639

-1,134

5,255

-2,452

-19,209

11,184

-2,617

-33,340

21,187

10,358

-3,866

-860