HILL INTERNATIONAL, INC. HIL Cash Flow

Hill international, inc. (HIL)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities:
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
-6,422	12,115	2,507	1,700	-2,068	-7,295	-8,484	-7,445	-8,151	-9,880	-4,239	43,898	-2,235	-27,881	-11,450	2,102	3,493	-22,398	3,337	4,535	848	-10,322	-8,615	2,016	5,548	-	-	-	-	-	-	-	-	-	-	-	-
Income Loss From Discontinued Operations Before Gain (Loss) of Discontinued Operation, Net of Tax
-	-	-	-	-	0	0	-381	-482	-2,175	-752	-7,301	-4,251	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,243	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	-	-	-7,295	-8,484	-7,064	-7,669	-6,115	-1,595	-996	2,016	-18,462	-10,910	2,676	4,736	-	-	-	-	-	-	-	-	-	2,942	1,271	38	-	1,442	518	-6,537	253	385	-195	-5,378
Adjustments to reconcile net loss to net cash provided by (used in):
Depreciation and amortization
2,424	-	850	794	791	-	926	1,216	1,291	-	1,756	1,660	1,595	-	1,480	2,303	1,906	-	2,863	2,983	2,440	-	2,412	2,437	2,427	2,835	2,725	2,657	2,539	3,185	2,923	3,017	3,305	4,425	4,080	4,033	3,102
Reduction of notes payable to Engineering S.A.
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-509	875	-	-	-	-	-	-	-	-
Equity in earnings of affiliates
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	27	156	4
(Recovery) provision for bad debts
-479	-8,414	-2,389	-1,491	934	3,108	729	-4,057	24	4,558	2,135	741	-526	3,627	7,457	2,099	1,271	3,722	99	536	1,905	-6,696	1,059	-134	576	-1,426	1,301	986	456	61,425	750	756	215	1,885	339	508	446
Interest accretion on term loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	11,279	2,161	2,086	2,080	2,028	1,958	1,889	-	-	-	-	-	-	-	-
Amortization of deferred loan fees
175	176	178	182	179	633	39	32	6	172	192	153	444	444	445	445	444	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax benefit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	11,813	-5,194	-1,760	397	-	-	-	-
Deferred tax expense (benefit)
490	-	1,021	-13	-349	-	850	-1,000	-31	-	374	-120	452	-	-373	-4,699	4,387	-	-552	516	-1,549	-	-	-	-205	-	445	921	-331	-	-	-	-	-	-6,635	-213	640
Share-based compensation
399	260	1,212	801	241	881	-47	337	451	222	236	1,974	461	816	505	507	668	395	899	700	761	477	785	1,130	797	704	674	965	618	345	494	964	473	-267	831	910	617
Operating lease right-of-use assets
-1,575	37	-1,372	-1,156	-1,408	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Foreign currency remeasurement losses (gains)
-4,376	-	-1,060	445	511	-	-3,902	-3,148	-1,446	-	707	-2,963	1,831	-	-5,346	-1,911	-206	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
issuance of restricted stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	161	-	-	-	-
Changes in operating assets and liabilities:
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	755	-168	-397	-512	-10,429	-1,768	1,539	1,280	-1,990	-1,352	-374	-2,836	-679	1,809	-2,116	4,479	3,990	1,783	247	-	-	-	-
Accounts receivable
4,203	-13,327	-3,645	-4,953	-5,390	-1,910	-6,232	984	-7,469	3,904	-6,517	-6,590	2,617	-8,752	6,953	-12,646	9,161	-6,649	5,286	29,871	22,533	-3,032	-10,255	14,487	11,547	-9,426	-7,636	912	28,318	-1,887	4,411	14,841	-5,727	4,438	6,420	10,824	-2,960
Accounts receivable - affiliate
6,143	-6,791	1,118	4,970	218	-1,598	-1,332	68	2,035	-2,363	-1,441	1,069	1,615	-9,123	3,457	-1,941	4,262	932	-734	1,625	1,939	1,857	1,082	345	221	-752	102	387	-505	-7	-18	-509	-36	-340	-1,454	788	-394
Prepaid expenses and other current assets
2,608	1,656	1,540	1,147	-551	-1,115	-142	7	-890	1,261	-219	-630	287	137	2,238	-1,237	-330	-9,002	4,119	-753	1,190	4,302	-3,036	1,616	-961	-2,068	205	1,969	2,010	-358	-438	1,660	87	771	-1,499	-2,188	2,375
Income taxes receivable
45	756	147	402	199	3	154	-866	162	-2,360	-266	2,198	-1,366	296	352	129	281	409	-1,372	551	796	1,546	-540	66	-115	136	140	233	235	-22	301	445	941	-287	305	545	-2
Retainage receivable
755	-2,759	1,077	235	1,247	-300	784	842	725	2,573	-8,884	-724	310	484	1,784	12,433	281	-512	218	-335	-33	956	998	196	-62	-2,918	0	-61	245	253	493	-17	-1,217	659	-39	463	249
Other assets
-1,231	1,084	161	-391	-690	461	-1,877	744	533	-174	225	2,043	2,037	974	-733	3,585	-9,796	-708	-2,835	208	1,618	-6,480	-3,297	1,741	491	236	0	0	-345	-2,635	-1,003	-770	-736	-1,148	-4,121	1,707	296
Accounts payable and accrued expenses
1,964	-9,471	-2,978	-9,336	6,851	-5,357	920	4,104	-4,836	301	-237	-9,801	2,150	6,017	2,439	-5,328	-5,933	3,510	-15,368	16,371	14,191	12,444	-14,538	10,716	298	-3,926	-4,289	-2,075	7,543	-13,324	7,192	9,420	-2,650	-3,479	-48	-1,029	4,837
Income taxes payable
431	-4,417	-2,608	302	1,020	535	-6,703	-1,542	99	1,509	6,207	-5,363	-328	339	-144	1,105	-4,637	-1,505	907	-291	839	708	2,007	-2,408	-2,202	4,163	-249	-2,631	405	3,225	2,441	-891	-2,179	1,979	3,100	-411	-3,262
Deferred revenue
-2,994	-	1,736	-548	-3,423	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-	-	-	-	-	-	-	-	641	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities
-1,323	-269	-1,544	-1,375	-1,442	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue
-	-	-	-	-	-	-	-	-	-	-10,591	-4,460	-10,010	-	-344	6,648	726	965	-4,478	2,282	2,785	3,469	-4,996	-2,085	-529	-6,701	4,380	1,001	6,796	833	-3,465	-1,482	5,209	2,927	3,080	-2,466	-556
Other current liabilities
696	388	-2,472	2,177	31	-2,811	1,698	456	-1,278	-1,439	-500	2,475	156	-1,688	-592	-342	2,538	-8,821	8,209	729	-1,540	-1,574	-1,921	635	-1,425	1,769	1,128	1,237	789	-422	-170	-745	909	-2,280	-54	-1,583	787
Retainage payable
29	0	599	-26	51	222	0	8	108	-44	-434	69	39	91	-1,589	264	266	-993	16	239	219	265	1,152	60	-46	-3,160	-5	-413	427	221	129	329	-2,031	715	148	980	-29
Other liabilities
250	-	-	-	-222	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-	-	-	-	-	3,053	-5,538	-1,674	582	1,844	-8,199	8,857	185	-82	-110	1,037	508	2,748	1,754	470	654	3,837	-1,757	-765	-1,077	248	-4,280	581	-319	188	61	-423	-209	1,418	-362	-680	-2,124
Net cash provided by (used in) continuing operations
-	-	-	-	-	-11,771	1,758	-9,477	-5,544	5,611	5,923	786	-10,697	15,873	-11,196	8,471	3,624	-	-	560	-8,029	26,242	1,282	-3,131	-4,499	12,548	15,034	1,718	-7,867	-951	-1,133	-7,891	3,504	-	-	-	-
Net cash used in discontinued operations
-	-	-	-	-	0	0	-381	-482	-2,417	-7,322	3,251	-6,146	-8,015	4,607	-1,754	-2,781	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by continuing operations
-10,932	9,263	-720	-7,022	8,458	-11,771	1,758	-9,858	-6,026	3,194	-1,399	4,037	-16,843	7,858	-6,589	6,717	843	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-15,671	8,455	-488
Cash flows from investing activities:
Purchases of business
-	-	-	-	-	-	0	623	122	-	0	0	123	-	-58	0	58	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-727	0	0	13,881
Contribution to affiliate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	0	5	-	-	-	-	-	-	-	-
Payments for additional equity interests in Hill Spain
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	9,325	-	-	-	-	0	6	0	1,609
Purchase of property and equipment
833	978	1,383	702	873	-1	326	1,016	986	-43	353	1,202	372	-	-	-	392	-1,364	2,388	3,825	5,234	-	-	1,020	1,352	1,620	851	265	1,028	571	597	848	361	-54	908	2,224	1,805
Distributions from affiliate
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-214	83	123	273
Sale of investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	3,149	-	-	-	-
Net cash used in investing activities
-	-	-	-	-	-	-	-	-1,108	-	-	-	-	-865	-1,209	161	-450	-	-	-8,209	-5,234	-7,689	-21	-1,020	-1,352	-4,076	-854	462	-10,358	-545	-565	-750	2,788	-	-	-	-
Net cash provided by (used in) investing activities of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-767	-354	-610	44	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-833	-978	-1,383	-702	-873	-	-	-	-	-933	-293	128,045	-495	-1,632	-1,563	-449	-406	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,009	-3,769	-17,022
Cash flows from financing activities:
Repayment of term loans
217	265	264	265	266	266	546	89	89	131	75	-314	314	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from revolving loans
18,792	27,226	4,759	-4,543	9,854	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Due to bank
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-2	2	-5	5	-21	-81	98	4	-1,299	1,604	-4,497	804	-1,515
Payments on notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	296	864	19	42	68	38	-2,121	696	4,489	605	-	-	-	-
Net borrowings on revolving loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9,693	12,279	12,566	-	-19,419	-174	4,800	-1,195	2,450	5,614	14,215	-62,278	-1,889	3,634	4,036	-579	5,948	4,223	8,934
Proceeds from term loan borrowing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	819	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of revolving loans
-7,836	-	-3,984	7,669	-8,662	-	-20,037	-11,881	2,069	28,885	-2,280	-37,595	10,990	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on Philadelphia Industrial Development Corporation loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	18	-325	348	-	300	300	300	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments on notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,132	-3,679	-4
Dividends paid to noncontrolling interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	123	0	-43	173	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from stock issued under employee stock purchase plan
50	27	20	113	34	59	0	29	0	1	23	66	49	108	64	0	10	69	25	30	2	39	104	18	36	85	0	41	12	35	31	15	24	2	12	515	16
Proceeds from exercise of stock options
-	-	-	-	-	31	698	8,641	2,350	76	1,103	735	0	132	15	118	86	-	-	-	-	0	153	743	136	-	-	-	-	0	9	13	2	10	9	10	10
Net cash provided by financing activities
10,789	-9,396	531	2,974	960	207	2,480	14,410	4,330	2,758	-1,257	-128,044	10,725	-9,257	6,819	-737	567	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-660	1,873	7,441
Effect of exchange rate changes on cash, cash equivalents and restricted cash
-513	-	764	99	-1,033	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-9,982	12,926	12,095	-	4,919	291	4,106	-1,127	-2,692	5,612	14,168	7,710	-961	10	2,158	-	-	-	-
Effect of exchange rate changes on cash
-	-	-	-	-	-	-	-	-601	1,274	1,208	-5,954	635	7,380	-2,370	-1,644	-4,058	-7,922	823	509	-3,171	-843	-4,502	927	1,144	-3,603	-6,674	-1,424	2,798	-	-	-	-	-	-	-	-
Net (decrease) increase in cash, cash equivalents and restricted cash
-1,489	-178	-808	-4,651	7,512	-7,288	4,118	2,762	-3,405	6,293	-1,741	-1,916	-5,978	4,349	-3,703	3,887	-3,054	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosures of cash flow information:
Supplemental disclosures of cash flow information:
Interest and related financing fees paid
1,150	1,234	1,339	1,360	1,414	1,275	1,243	1,220	1,189	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income taxes paid
87	2,337	504	1,379	601	962	6,164	4,123	1,148	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for amounts included in the measurement of lease liabilities
1,910	2,102	1,994	2,254	1,814	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right-of-use assets obtained in exchange for operating lease liabilities
0	2,011	651	511	18,178	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes on cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,525	-1,676	-	3,622	-2,961	-2,642
Net decrease in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,670	5,786	-4,339	-	1,678	-2,933	-601	-	-	-	-	-	-	-5,106	6,774	-	-13,718	3,598	-12,711
Net decrease in cash and cash equivalents
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,814	6,368	-1,259	-	-	-	-	-	-	-	-