| Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash flows from operating activities: | ||||||||||
Net (loss) income after equity in losses from unconsolidated affiliates | ||||||||||
-1,731 | 5,850 | 9,456 | 12,165 | 5,519 | 1,599 | -939 | 1,203 | 2,145 | 18 | 2,242 |
Adjustments to reconcile net income to cash (used in) provided by operating activities: | ||||||||||
Depreciation and amortization | ||||||||||
4,916 | 4,595 | 4,754 | 4,645 | 4,187 | 3,712 | 2,497 | 1,699 | 2,052 | 2,298 | 2,565 |
Non-cash impact of operating leases | ||||||||||
1,565 | - | - | - | - | - | - | - | - | - | - |
Deferred income tax benefit | ||||||||||
-1,805 | -2,255 | 8,864 | 3,932 | 1,327 | 1,304 | -637 | 606 | 1,056 | -10 | 1,291 |
Stock-based compensation | ||||||||||
4,968 | 5,227 | 2,745 | 2,260 | 2,269 | 1,653 | 408 | 378 | 414 | 336 | 313 |
Equity in losses of unconsolidated affiliates | ||||||||||
-594 | -72 | 0 | - | - | - | - | - | - | - | - |
Amortization of debt discount and issuance costs | ||||||||||
1,842 | 0 | 0 | - | - | - | - | - | - | - | - |
Accretion of non-controlling interest | ||||||||||
14 | 0 | 0 | - | - | - | - | - | 0 | - | - |
Unrealized foreign currency transaction loss on purchase consideration payable | ||||||||||
159 | 0 | 0 | - | - | - | - | - | - | - | - |
Other losses | ||||||||||
387 | 8 | -46 | -3 | 36 | -81 | 20 | 46 | 10 | -12 | 126 |
Changes in operating assets and liabilities (net of the effect of acquisitions): | ||||||||||
Accounts receivable | ||||||||||
-3,796 | 1,076 | -5,243 | 4,700 | 4,216 | 510 | 159 | -3,099 | 929 | 356 | 292 |
Inventories | ||||||||||
-918 | -6,046 | 13,834 | 4,731 | 7,240 | 5,592 | 1,687 | -1,405 | -850 | -699 | 3,103 |
Other current assets | ||||||||||
394 | 505 | 474 | -883 | 1,000 | 73 | 642 | -1,551 | -93 | -44 | 40 |
Due from related parties | ||||||||||
0 | -1 | -99 | 59 | -851 | - | - | - | - | - | - |
Lease receivable, current | ||||||||||
846 | 920 | 1,244 | 736 | 89 | - | - | - | - | - | - |
Accounts payable | ||||||||||
-1,686 | -2,020 | 3,143 | -688 | 3,059 | 900 | -2,276 | 1,298 | -164 | -10 | 268 |
Due to related parties | ||||||||||
-226 | -1,477 | 250 | 1,356 | -30 | - | - | - | - | - | - |
Accrued liabilities and other | ||||||||||
-5,883 | 6,146 | -1,380 | -351 | 73 | 814 | -130 | 741 | -259 | -40 | -55 |
Lease receivable, non-current | ||||||||||
2,283 | 2,294 | 4,782 | 3,867 | 967 | - | - | - | - | - | - |
Other non-current assets | ||||||||||
57 | 871 | 984 | 1,951 | 1,463 | 263 | 179 | 0 | 0 | - | - |
Deferred revenue and other | ||||||||||
-952 | -3,240 | -1,401 | -2,300 | -191 | 2,091 | 2,312 | -285 | -352 | -214 | -1,608 |
Income taxes payable | ||||||||||
- | - | - | - | - | - | - | - | 0 | -38 | 38 |
Net cash (used in) provided by operating activities | ||||||||||
3,296 | 13,287 | 10,409 | 5,855 | 2,125 | 5,554 | -1,412 | -369 | 4,888 | 1,941 | 8,615 |
Cash flows from investing activities: | ||||||||||
Investment in subsidiary, net of cash acquired | ||||||||||
622 | 0 | 0 | - | - | - | - | - | - | - | - |
Cash acquired from acquisition of CVM | ||||||||||
927 | 0 | 0 | - | - | - | - | - | - | - | - |
Proceeds from sale of equity investment | ||||||||||
- | - | - | 115 | 0 | 0 | - | - | - | - | - |
Acquisition of intangible asset | ||||||||||
0 | 2,750 | 0 | 0 | - | - | - | - | - | - | - |
Payments to Acquire Equity Method Investments | ||||||||||
0 | 8,091 | 0 | 0 | - | - | - | - | - | - | - |
Purchase of minority interest | ||||||||||
0 | 0 | 13,757 | 0 | 0 | - | - | - | - | - | - |
Real estate asset acquisition | ||||||||||
1,184 | 0 | 0 | - | - | - | - | - | - | - | - |
Purchases of property and equipment | ||||||||||
1,044 | 1,358 | 3,469 | 3,417 | 3,773 | 2,337 | 1,930 | 1,509 | 1,084 | 620 | -276 |
Proceeds from disposition of property and equipment | ||||||||||
0 | 25 | 57 | 0 | 0 | 6 | 5,020 | 0 | 0 | - | - |
Net cash used in investing activities | ||||||||||
-1,923 | -12,174 | -17,169 | -3,302 | -3,773 | -2,331 | 71 | -1,509 | -1,084 | -620 | -276 |
Cash flows from financing activities: | ||||||||||
Payment of preferred stock issuance costs | ||||||||||
3,177 | 0 | 120 | 0 | 0 | - | - | - | - | - | - |
Proceeds from issuance of common stock | ||||||||||
1,829 | 4,034 | 2,452 | 2,382 | 2,143 | 1,430 | 323 | 390 | 124 | 75 | 53 |
Repurchase of common stock | ||||||||||
3,447 | 1,271 | 1,076 | 762 | 885 | - | - | - | - | - | - |
Convertible debt proceeds | ||||||||||
86,250 | 0 | 0 | - | - | - | - | - | - | - | - |
Proceeds from line of credit borrowings | ||||||||||
6,750 | 3,000 | 40,307 | 34,792 | 26,809 | - | - | - | - | - | - |
Repayments of line of credit borrowings | ||||||||||
12,750 | 3,000 | 34,979 | 34,262 | 26,714 | - | - | - | - | - | - |
Distributions to non-controlling interest members | ||||||||||
0 | 126 | 965 | 0 | 0 | - | 3,019 | 0 | 0 | - | - |
Proceeds from (repayments of) line of credit borrowings, net | ||||||||||
- | - | - | - | - | -4,751 | 2,246 | 2,552 | -3,079 | -1,123 | -6,841 |
Repayments of other debt | ||||||||||
-1,191 | -10 | -68 | -747 | -141 | -178 | -1,025 | 0 | 0 | -381 | -770 |
Excess tax benefit from stock-based compensation | ||||||||||
- | - | - | - | 1,514 | 228 | 15 | - | - | - | - |
Dividends to shareholders | ||||||||||
- | - | - | - | - | - | - | -1,602 | 0 | 0 | - |
Net cash provided by (used in) financing activities | ||||||||||
74,264 | 2,627 | 5,551 | 1,403 | 2,726 | -3,271 | 1,559 | 1,340 | -2,955 | -1,429 | -7,558 |
Foreign exchange effect on cash, cash equivalents and restricted cash | ||||||||||
4 | -10 | 74 | -52 | -43 | -113 | 14 | -10 | -9 | 200 | -86 |
Net increase (decrease) in cash, cash equivalents and restricted cash | ||||||||||
75,641 | 3,730 | -1,135 | 3,904 | 1,035 | -161 | 232 | -548 | 840 | 92 | 695 |
Supplemental disclosure of cash flow information: | ||||||||||
Non-cash transfers of equipment between inventory and property and equipment, net | ||||||||||
827 | 1,449 | 1,637 | 1,250 | - | - | - | - | - | - | - |
Consideration payable for CVM Acquisition | ||||||||||
14,420 | 0 | 0 | - | - | - | - | - | - | - | - |
Common stock issued as partial consideration of Cuattro acquisition transactions (See Note 3) | ||||||||||
0 | 5,450 | 0 | 6,349 | 0 | 0 | - | - | - | - | - |
Cash paid for interest | ||||||||||
- | - | - | - | - | - | - | 77 | 28 | 162 | 409 |
Cash paid for income taxes | ||||||||||
- | - | - | - | - | - | - | 153 | 214 | 107 | 87 |
Non-cash transfer of inventory to PP&E and other assets | ||||||||||
- | - | - | - | - | - | - | 1,327 | 351 | 815 | 128 |
Prepaid applied to acquisition of Heska Imaging | ||||||||||
- | - | - | - | - | - | - | 0 | 0 | - | - |
Issuance of stock for investment in subsidiary | ||||||||||
- | - | - | - | - | - | - | - | 0 | - | - |