Geospace technologies corp (GEOS)
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'11Dec'10
Cash flows from operating activities:
Net loss

-11,804

-1,289

8,672

-3,672

707

-5,853

-207

-4,796

-4,729

-9,480

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net loss

-

-

-

-

-

-

-

-

-

-

-19,207

-14,376

-11,503

-11,705

-12,309

-11,654

-10,965

-11,042

-13,450

-8,564

-5,182

-5,445

-1,833

3,752

10,816

24,176

13,684

16,991

16,869

22,013

4,267

10,735

11,431

8,685

3,589

9,207

8,702

8,213

Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Deferred income tax benefit

-9

-25

38

-8

47

-61

19

3

15

-55

0

-11

-48

34

-2

1,425

-2,140

4,926

2,515

-1,120

-1,636

-702

1,548

-54

-924

248

-440

-1,167

626

458

739

64

-334

339

1,002

-432

-1,010

-278

Rental equipment depreciation

4,826

4,443

4,010

3,582

3,410

2,711

2,703

2,956

2,272

2,247

2,672

2,953

3,597

3,308

3,334

3,538

4,221

3,430

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Property, plant and equipment depreciation

1,127

930

953

1,009

1,084

919

935

1,000

1,010

1,095

1,306

1,334

1,283

1,313

1,374

1,333

1,304

1,380

-9,178

4,681

6,163

3,933

-

-

-

-

-

-

3,863

1,994

-

-

3,039

1,771

-

1,598

2,133

1,399

Amortization of intangible assets

433

433

433

433

433

362

194

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

20

60

-

-

60

60

-

60

60

98

Amortization of premiums on short-term investments

-

-

-

-

2

7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,474

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of discounts on short-term investments

-

-

-

-

-

-

-

7

11

13

15

15

14

16

21

19

26

44

51

60

57

57

-

-

-

-

0

2

73

87

89

46

37

36

-

-

-

-

Stock-based compensation expense

533

590

548

587

592

602

485

489

518

826

1,443

1,445

1,469

1,375

1,286

1,274

1,475

1,185

1,105

1,107

1,107

1,220

1,093

1,091

1,125

810

110

87

97

250

207

179

189

187

185

177

188

186

Bad debt expense (recovery)

8,124

27

-163

629

73

-103

-2,072

2,725

6

350

22

16

64

-482

689

-549

-266

889

1,017

112

321

697

175

14

297

347

-97

-53

338

269

-207

-279

168

436

-17

112

103

-70

Inventory obsolescence expense

530

1,436

1,601

612

973

1,428

352

704

1,863

1,434

9,361

3,714

4,250

4,147

4,181

2,213

2,524

2,294

1,321

904

885

777

441

459

813

904

264

109

364

-550

398

270

1,257

-132

848

1,387

849

1,524

Gross profit from sale of used rental equipment

141

284

-

-

-

-

1,843

779

1,621

2,566

6,404

1,119

330

1,201

175

289

-64

4

1,550

309

1,354

-5

-1,278

4,843

135

5,331

1,447

3,118

2,543

6,519

1,818

873

5,136

2,165

1,900

8,552

219

494

Gain on disposal of property, plant and equipment

139

14

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4

2

27

31

-287

0

5

-19

-

-

-

-

-

1

0

16

Realized loss on short-term investments

-

-

0

1

-8

-59

-

-

-

-

-1

0

-1

-1

-1

-1

-2

-1

-

-

-

-

-

-

-

-

0

13

5

1

0

0

0

-1

-

-

-

-

Excess tax expense from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

21

0

77

1,313

18

0

14

1,051

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effects of changes in operating assets and liabilities:
Trade accounts and other receivables

-7,689

8,460

-

-

7,630

-1,824

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Trade accounts and financing receivables

-

-

-

-

-

-

-

989

5,505

-2,562

1,128

-8,627

2,068

-2,312

3,500

4,527

2,109

-6,708

226

-3,755

6,540

-10,099

-524

-24,744

-2,580

2,243

14,328

-1,799

15,207

5,981

-6,654

-10,562

11,225

2,210

-710

-16,510

8,824

6,390

Income tax receivable

-

4

-

-

-

-

-8

-963

711

-10

-

-

-

-

2,780

3,060

-17,801

7,883

7,970

542

2,761

3,526

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventories

-4,886

3,126

-2,171

341

-2,607

6,302

2,122

1,089

1,748

2,865

-1,754

-32

-2,683

1,507

-2,127

-854

-134

-2,078

-4,387

-1,971

-7,256

3,953

3,714

2,751

17,704

-13,717

14,953

26,976

17,724

13,704

14,369

3,329

5,666

-7,734

443

15,057

9,487

4,541

Costs and estimated earnings in excess of billings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-3,134

-9,266

-15,987

17,078

4,984

6,325

-

-

-

-

-

-

-

-

Prepaid expenses and other current assets

-

949

-

-

-

1,472

-1,279

1,365

-508

329

-221

-420

-78

39

-3,912

1,827

1,891

717

1,835

1,813

-3,790

-855

-920

228

-4,463

4,157

2,325

-6,714

887

3,823

3,833

-313

553

-3,780

3,936

-663

-1,074

340

Prepaid income taxes

-

1

-

-

-

12

-14

8

-8

-41

-1,015

-378

-385

-393

-378

-385

-314

-398

-420

-433

-448

-452

-462

-841

-1,081

2,031

-494

-818

803

1,231

2,335

-565

-1,086

3,816

-

-

-

-

Accounts payable trade

-1,413

2,284

-645

-2,417

-1,222

4,240

-104

-883

1,597

723

554

-65

336

-348

-98

723

-592

-1,975

993

237

-2,858

794

280

-9,540

-1,410

-1,086

-3,826

1,649

1,581

154

11,584

-6,205

4,264

2,508

-5,945

-3,406

4,116

6,462

Accrued expenses and other

-

-283

-

-

-

2,008

506

416

-178

267

764

218

-1,994

-257

-87

2,472

-3,633

-901

2,123

3,376

-4,737

-6,766

-3,180

1,091

800

-2,146

54

5,620

-2,502

152

-1,996

2,538

694

-660

-4,192

6,135

927

-2,083

Deferred revenue and customer deposits

-

925

-

-

-

879

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

2,551

452

125

-65

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

176

130

-782

771

85

36

-11

-99

-155

-215

-3,034

-163

-302

-2,685

1,176

4,496

373

547

-10,573

2,112

3,214

9

4,333

341

269

-955

-1,633

1,761

Income tax payable

-

9

-

-

-

50

-

-

-

-

-6

0

-86

-31

11

36

54

19

9

-274

-2

257

-3,168

-1,084

-8,204

12,321

-2,298

1,769

-9,041

8,454

-1,588

-219

-504

3,184

-4,594

1,287

-39

1,690

Net cash provided by (used in) operating activities

9,084

-3,358

-504

9,037

-4,176

1,272

1,672

302

-6,583

-5,792

-1,916

3,727

10,180

-1,900

-601

-5,501

6,767

-2,360

-4,615

3,799

-8,093

-2,460

-3,424

15,271

3,069

52,734

-5,759

-8,847

-40,443

-2,112

3,205

16,800

3,140

20,079

-10,679

6,384

-1,690

7,121

Cash flows from investing activities:
Purchase of property, plant and equipment

1,115

1,670

510

464

245

717

716

510

277

218

589

245

237

106

661

384

143

679

143

628

271

1,147

1,142

1,271

2,997

1,382

2,350

8,790

1,750

6,494

964

1,377

880

792

1,205

618

2,063

844

Proceeds from the sale of property, plant and equipment

140

40

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

1

Investment in rental equipment

86

5,152

-

-

10,256

10,164

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in rental equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2

36

333

135

189

1,985

1,770

29

993

7,417

592

17,717

2,696

1,906

6,254

11,419

7,123

2,402

5,754

16,437

2,150

4,696

7,625

943

Proceeds from the sale of used rental equipment

954

1,146

1,468

1,742

918

728

5,585

429

2,907

997

460

1,985

524

1,915

304

1,083

162

35

-269

977

3,326

244

371

7,468

459

8,092

1,699

6,724

4,666

12,408

6,624

5,109

8,874

3,577

3,226

15,824

269

598

Purchases of short-term investments

-

-

-

-

-

-

6,760

7,407

1,850

1,905

-

-

-

-

4,991

15,198

700

4,902

2,025

2,406

325

1,550

-

-

-

-

0

0

885

702

1,487

14,311

350

675

-

-

-

0

Proceeds from the sale of short-term investments

-

-

0

750

8,775

16,081

8,300

6,842

7,423

5,898

3,541

3,177

1,140

2,674

4,689

2,926

5,383

3,370

3,487

2,700

0

1,715

-

-

-

-

0

10,467

9,772

900

450

630

325

625

-

-

-

-

Business acquisition

-

-

-

0

0

1,819

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments for damages related to insurance claim

-

-

0

34

498

118

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from insurance claim

-

-

0

0

1,088

78

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal payments under mortgage loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

7,700

Net payments under line of credit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-931

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) investing activities

-107

-5,636

3,893

-6,184

-218

4,069

-2,020

-1,735

6,760

4,772

56

-6,033

-3,964

4,483

-657

-11,609

4,369

-2,311

861

-1,342

960

-767

-15,507

-7,060

-3,130

-11,007

-3,347

6,495

5,549

-5,307

-2,497

-12,337

2,215

-13,702

-3,115

8,570

-9,419

-1,188

Cash flows from financing activities:
Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-496

13

0

661

442

0

1,856

1,092

638

68

428

-3

4,862

346

1,542

146

Proceeds from the exercise of stock options

-

-

0

0

0

215

-

-

-

-

0

0

0

50

-

-

-

-

-

-

-

-

159

53

0

212

502

0

456

461

722

31

526

79

1,071

254

1,341

92

Net cash provided by financing activities

-

-

0

0

0

215

-

-

-

-

0

0

0

50

-

-

-

-

-

-

-

-

-337

66

0

-58

1,875

0

2,312

1,553

1,360

99

954

76

5,933

600

2,883

-7,462

Effect of exchange rate changes on cash

-209

210

-62

-20

48

-379

-312

-196

60

-149

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in cash and cash equivalents

8,768

-8,784

3,327

2,833

-4,346

5,177

-616

-1,629

256

-1,169

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

SUPPLEMENTAL CASH FLOW INFORMATION:
Cash paid for interest

11

12

-

28

23

34

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for income taxes

634

1,440

-

716

526

7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Inventory transferred to rental equipment

2,056

4,070

-

-

-5,572

7,353

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Effect of exchange rate changes on cash

-

-

-

-

-

-

-

-

-

-

-125

76

297

-101

-6

198

-123

-218

462

-364

356

160

17

-9

8

-2

-

-

-

-

-

-

-

1

6

-339

291

39

Increase (decrease) in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-1,985

-2,230

6,513

2,532

-1,264

-16,912

11,013

-4,889

-3,292

2,093

-6,777

-3,067

-19,251

8,268

-53

41,667

-7,231

-2,351

-32,578

-5,866

2,046

4,556

6,308

6,454

-7,855

15,215

-7,935

-1,490