Heska corp (HSKA)
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'11
Cash flows from operating activities:
Net (loss) income after equity in losses from unconsolidated affiliates

-5,439

-1,862

-351

-288

770

3,467

-1,669

1,897

2,155

-1,069

3,083

3,139

4,303

4,633

3,343

2,742

1,447

2,375

1,383

1,178

583

1,079

15

778

-273

1,898

-18

-2,467

-352

389

-32

262

584

484

288

457

916

Adjustments to reconcile net income to cash (used in) provided by operating activities:
Depreciation and amortization

1,374

1,157

1,237

1,257

1,265

1,122

1,140

1,137

1,196

1,168

1,394

1,100

1,092

1,227

1,207

1,115

1,096

947

1,166

1,068

1,006

1,118

977

888

729

782

626

615

474

428

410

448

413

424

510

510

608

Non-cash impact of operating leases

408

439

1,876

-1,125

375

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income tax benefit

-1,533

273

-570

-453

-1,055

-258

-1,903

203

-297

8,102

693

1,529

-1,460

1,645

1,012

693

582

-184

722

532

257

749

306

114

135

916

-6

-1,222

-325

149

5

144

308

172

154

203

527

Stock-based compensation

353

1,343

1,245

1,194

1,186

1,453

1,406

1,304

1,064

652

707

695

691

575

573

585

527

729

661

481

398

506

561

467

119

93

84

113

118

93

104

91

90

112

109

97

96

Equity in losses of unconsolidated affiliates

-130

-139

-147

-127

-181

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of debt discount and issuance costs

1,524

-

-

-

10

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accretion of non-controlling interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

1,000

-

0

0

0

-

-

-

-

Other losses

42

47

95

245

0

40

-40

-2

10

-53

-13

21

-1

-2

1

-1

-1

2

-10

28

16

-29

-47

-4

-1

7

37

10

-34

80

-15

-55

36

-56

-26

70

22

Changes in operating assets and liabilities (net of the effect of acquisitions):
Accounts receivable

1,092

-988

956

-3,140

-624

3,178

678

-1,315

-1,465

2,133

-1,074

635

-6,937

5,077

1,387

665

-2,429

2,163

2,605

-147

-405

1,918

-823

-1,721

1,136

-3,737

739

1,544

1,613

-2,240

-698

1,552

-1,713

895

189

2,316

-2,471

Inventories

3,081

-1,356

-2,540

1,926

1,052

-2,111

-743

-1,145

-2,047

3,344

4,536

1,130

4,824

-930

1,970

153

3,538

-1,199

1,769

2,612

4,058

9,897

-1,023

-1,812

-1,470

3,662

-832

150

-1,293

-508

-969

783

-711

-1,012

-164

-28

354

Due from related parties

-

-

-

-

-

-

0

0

-1

-

1

-95

16

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Lease receivable, current

196

-

213

155

237

-

184

291

233

-

331

320

340

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other current assets

23

-498

361

380

151

54

701

7

-257

133

416

-95

20

-686

166

-40

-323

841

89

-124

194

-272

-49

-48

442

750

-685

89

488

-1,036

-136

-209

-170

-148

-28

-7

90

Accounts payable

837

805

-1,784

-597

-110

3,072

-2,582

755

-3,265

1,308

403

1,769

-337

1,129

-92

-42

-1,683

905

458

1,459

237

-218

-405

-652

2,175

-731

-545

-1,868

868

621

785

-1,271

1,163

-583

1,076

168

-825

Due to related parties

0

-

0

0

-226

-

-86

-310

-1,026

-

2,441

93

-1,389

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued liabilities and other

2,642

645

1,152

-7,719

39

70

7,408

-4,313

2,981

1,666

-1,477

-1,322

-247

-826

842

-1,596

1,229

-1,373

988

-327

785

437

344

46

-13

-1,065

417

1,392

-874

673

-372

567

-127

-740

190

-73

364

Lease receivable, non-current

74

732

461

422

668

388

380

772

754

797

1,023

1,394

1,568

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-current assets

136

-8

93

73

-101

28

137

950

-244

364

94

67

459

-2,046

1,108

1,639

1,250

-136

1,037

169

393

350

120

-124

-83

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue and other

-497

-24

-205

-398

-325

-375

-408

-819

-1,638

255

-481

-744

-431

314

-652

-164

-1,798

1,560

-518

-801

-432

-710

466

6

2,329

2,428

-14

71

-173

-35

-227

105

-128

-283

-243

6

168

Income taxes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net cash (used in) provided by operating activities

-4,761

6,572

2,080

-6,083

727

6,829

1,959

292

4,207

4,131

1,423

2,924

1,931

3,974

1,603

915

-637

3,057

-650

1,108

-1,390

1,949

442

-2,062

5,225

-152

-197

-1,573

510

-1,386

-1,053

2,325

-255

-735

2,055

3,719

-151

Cash flows from investing activities:
Investment in subsidiary, net of cash acquired

0

0

0

398

224

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Acquisition of CVM

14,420

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of equity investment

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

115

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payments to Acquire Equity Method Investments

-

-

-

-

-

-

-

-

-

0

-860

0

860

0

0

-187

187

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in subsidiary

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Purchases of property and equipment

210

322

93

395

234

297

250

436

375

1,471

703

815

480

1,291

758

463

905

1,797

1,040

331

605

562

3,313

-2,855

1,317

3,200

-536

-1,051

317

2,414

-363

-813

271

462

177

542

-97

Proceeds from disposition of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-716

311

310

95

0

0

0

0

0

12

-12

6

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-14,630

-579

-93

-793

-458

-3,048

-8,319

-432

-375

-1,420

-697

-14,572

-480

-2,007

-447

-153

-695

-1,797

-1,040

-331

-605

-4,100

237

2,843

-1,311

802

536

2,069

-3,336

-2,414

363

813

-271

-462

-177

-348

-97

Cash flows from financing activities:
Payment of preferred stock issuance costs

158

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred stock proceeds

122,000

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock

336

596

215

608

410

407

2,014

1,325

288

165

716

858

713

1,815

-82

429

220

678

785

445

235

361

167

687

215

69

143

52

59

83

12

111

184

65

1

43

15

Repurchase of common stock

538

-33

0

0

3,480

30

86

-416

1,571

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from line of credit borrowings

-

-

-

-

-

-

-

-

-

0

14,256

18,081

7,970

9,375

9,531

8,045

7,841

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayments of line of credit borrowings

-

-

-

-

-

-

-

-

-

313

11,976

14,828

7,862

10,256

7,978

8,842

7,186

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions to non-controlling interest members

-

-

-

-

-

0

0

0

126

2

9

954

0

-

-

-

-

-

-

-

-

-

-

-

-

6,038

0

-6,038

3,019

-

-

-

-

-

-

-

-

Proceeds from (repayments of) line of credit borrowings, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

302

-308

1,633

-1,797

-730

1,653

-3,877

518

2,289

-3,114

2,553

-

-

-

-

0

0

-3,380

301

Repayments of other debt

-10

-27

-81

403

-1,486

-5

-5

0

0

10

1

-15

-64

-468

-99

-52

-128

-36

-36

-35

-34

-34

-33

-33

-78

-132

-788

-28

-77

-

-

-

-

0

0

0

0

Net cash provided by (used in) financing activities

121,630

497

70,562

7,761

-4,556

372

1,923

1,741

-1,409

-476

2,988

3,142

-103

-296

1,372

-233

560

-261

1,051

102

1,834

-1,242

-596

2,307

-3,740

470

1,644

-3,090

2,535

2,099

-522

-421

184

65

1

-3,337

316

Foreign exchange effect on cash, cash equivalents and restricted cash

-24

35

-36

6

-1

0

-2

-52

44

1

-18

50

41

-91

17

-40

62

-40

-77

40

34

-43

-120

40

10

14

23

11

-34

-42

31

-17

18

-59

-63

106

7

Net increase (decrease) in cash, cash equivalents and restricted cash

102,215

6,525

72,513

891

-4,288

4,153

-4,439

1,549

2,467

2,236

3,696

-8,456

1,389

1,580

2,545

489

-710

959

-716

919

-127

102

-511

64

184

-328

934

-49

-325

67

-1,907

1,616

-324

-1,191

1,816

140

75

Supplemental disclosure of cash flow information:
Non-cash transfers of equipment between inventory and property and equipment, net

553

-291

240

651

227

430

491

277

251

813

342

80

402

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued preferred stock issuance costs

56

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Dividends payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

2

2

532

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

18

29

14

9

12

10

46

0

2

10

16

Non-cash transfer of inventory to PP&E and other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,576

627

160

345

343

285

354

101

69

50

131