| Mar'20 | Dec'19 | Sep'19 | Jun'19 | Mar'19 | Dec'18 | Sep'18 | Jun'18 | Mar'18 |
|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||
Net income | ||||||||
292,000 | 313,000 | 246,000 | 1,137,000 | 1,221,000 | 1,206,000 | 0 | 0 | 0 |
Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||||||||
Deferred income taxes | ||||||||
0 | - | - | - | -956,000 | -931,000 | 0 | 0 | 0 |
Depreciation | ||||||||
73,000 | 73,000 | 74,000 | 71,000 | 73,000 | 72,000 | 0 | 0 | 0 |
Amortization of deferred issuance costs | ||||||||
9,000 | 9,000 | 0 | 0 | 0 | - | - | - | - |
Foreign exchange (gain) loss | ||||||||
-24,000 | -19,000 | -37,000 | -20,000 | -30,000 | -15,000 | 0 | 0 | 0 |
Stock compensation expense | ||||||||
15,000 | 18,000 | 19,000 | 18,000 | 19,000 | 21,000 | 0 | 0 | 0 |
Pension expense | ||||||||
- | 18,000 | 7,000 | 8,000 | 9,000 | 10,000 | 0 | 0 | 0 |
Other | ||||||||
-23,000 | -19,000 | 0 | 0 | 0 | - | - | - | 0 |
Changes in assets and liabilities: | ||||||||
Accounts, notes and other receivables | ||||||||
-133,000 | -32,000 | 17,000 | -48,000 | -40,000 | 30,000 | 0 | 0 | 0 |
Receivables from related parties | ||||||||
- | - | - | - | - | -57,000 | 0 | 0 | 0 |
Inventories | ||||||||
60,000 | 60,000 | 24,000 | 30,000 | 16,000 | -2,000 | 0 | 0 | 0 |
Other assets | ||||||||
45,000 | 22,000 | 37,000 | 36,000 | 4,000 | 46,000 | 0 | 0 | 0 |
Accounts payable | ||||||||
82,000 | 87,000 | 87,000 | -7,000 | 12,000 | 63,000 | 0 | 0 | 0 |
Payables to related parties | ||||||||
- | - | - | - | - | -50,000 | 0 | 0 | 0 |
Accrued liabilities | ||||||||
-71,000 | -60,000 | 58,000 | 4,000 | 34,000 | 49,000 | 0 | 0 | 0 |
Obligations payable to Honeywell | ||||||||
-143,000 | -143,000 | 0 | 0 | 0 | - | - | - | - |
Asbestos related liabilities | ||||||||
- | - | - | - | - | -1,000 | 0 | 0 | 0 |
Other liabilities | ||||||||
-27,000 | -20,000 | -56,000 | -33,000 | -33,000 | -27,000 | 0 | 0 | 0 |
Net cash provided by operating activities | ||||||||
263,000 | 242,000 | 258,000 | 131,000 | 397,000 | 373,000 | 0 | 0 | 0 |
Cash flows from investing activities: | ||||||||
Expenditures for property, plant and equipment | ||||||||
120,000 | 102,000 | 103,000 | 99,000 | 88,000 | 95,000 | 0 | 0 | 0 |
Increase in marketable securities | ||||||||
- | - | - | - | - | 21,000 | 0 | 0 | 0 |
Decrease in marketable securities | ||||||||
- | - | - | - | - | 312,000 | 0 | 0 | 0 |
Other | ||||||||
- | -16,000 | 0 | 0 | 0 | - | - | 0 | 0 |
Net cash used for investing activities | ||||||||
-105,000 | -86,000 | -95,000 | -77,000 | 17,000 | 192,000 | 0 | 0 | 0 |
Cash flows from financing activities: | ||||||||
Net increase (decrease) in Invested deficit | ||||||||
- | - | - | - | - | -1,493,000 | 0 | 0 | 0 |
Proceeds from revolving credit facility | ||||||||
1,226,000 | 745,000 | 0 | 0 | 0 | - | - | - | - |
Payments of revolving credit facility | ||||||||
1,160,000 | 745,000 | 0 | 0 | 0 | - | - | - | - |
Payments of long-term debt | ||||||||
158,000 | 163,000 | 0 | 0 | 0 | - | - | - | - |
Payments related to related party notes payable | ||||||||
- | - | - | - | - | 493,000 | 0 | 0 | 0 |
Net change related to cash pooling and short-term notes | ||||||||
- | - | - | - | - | -300,000 | 0 | 0 | 0 |
Other | ||||||||
0 | - | - | 0 | 0 | - | - | - | - |
Net cash provided by (used for) financing activities | ||||||||
-96,000 | -163,000 | -164,000 | -119,000 | -500,000 | -658,000 | 0 | 0 | 0 |
Effect of foreign exchange rate changes on cash and cash equivalents | ||||||||
0 | - | - | - | - | -11,000 | 0 | 0 | 0 |
Net increase in cash and cash equivalents | ||||||||
47,000 | -9,000 | -7,000 | -70,000 | -104,000 | -104,000 | 0 | 0 | 0 |