IMMUCELL CORP /DE/ ICCC Cash Flow

Immucell corp /de/ (ICCC)

CashFlow / TTM

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 (LOSS) INCOME
-1,562	-1,295	-2,037	-1,784	-1,955	-2,321	-1,464	-1,553	-973	-168	56	431	640	508	766	1,083	1,186	1,213	1,055	714	325	-167	-448	-401	-100	117	251	130	139	89	105	41	-231	-409	0	0	0
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation
2,239	2,248	2,254	2,069	1,785	1,501	1,196	1,024	951	885	841	836	834	783	716	650	572	525	493	462	449	446	451	445	429	414	388	385	393	399	411	412	411	413	0	0	0
Amortization
19	19	19	19	19	19	19	19	19	19	18	13	14	19	13	14	8	0	2	2	2	2	2	2	2	2	2	2	2	2	2	3	4	5	0	0	0
Amortization and write-off of debt issuance costs
110	16	16	16	16	16	16	16	16	15	13	12	10	8	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred income taxes
1	24	46	34	517	462	153	-11	-583	-284	38	197	267	236	348	607	710	821	737	510	229	-88	-248	-250	-64	87	194	144	151	94	90	34	-192	-302	0	0	0
Stock-based compensation
307	313	307	328	355	344	309	266	224	199	165	139	105	67	55	40	27	23	25	24	27	30	29	32	30	31	32	34	35	35	37	38	38	38	0	0	0
Loss on disposal of fixed assets
0	-	-	-	-	-	-	-	-	2	-19	-21	-21	-25	-2	-3	-1	3	3	7	0	-4	-39	-39	-35	-35	0	0	0	-	-	-	-	-	-	-	-
Non-cash rent expense
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for uncollectible accounts
-	-	-	-	-	-	-	-	-	-	-	-	3	3	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in:
Trade accounts receivable, gross
592	704	0	0	0	-	-	-	-	330	175	-258	-404	277	-73	253	703	-249	227	304	34	373	160	-129	7	20	0	0	0	-	-	-	-	-	-	-	-
Accrued interest income
0	-	-	-	-	-	-	-	-354	-24	-20	-15	-4	14	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss on disposal of fixed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0
Inventory
-437	186	431	655	105	281	-482	-778	-169	-77	965	1,386	1,118	1,143	788	469	289	-75	-175	-298	-368	-260	-451	-628	-495	-442	-309	-93	-140	-17	42	27	12	65	0	0	0
Prepaid expenses and other current assets
169	73	-168	-279	-96	-128	109	108	-169	-289	-311	-71	286	391	392	153	100	59	-61	49	28	-2	184	28	-91	-45	12	41	124	123	47	14	-106	-159	0	0	0
Other assets
17	13	16	-2	-1	12	-22	-26	-28	-33	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued expenses
-360	-88	-80	99	328	80	127	139	101	448	180	118	218	-80	153	27	6	60	7	-159	53	178	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-126	-423	-204	-68	0	0	0
Accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	68	67	93	59	0	0	0
Deferred revenue
-	-	-	-	-	-	-	-	-	-9	-33	0	0	33	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	0	0	0
Net cash provided by operating activities
413	233	141	-297	54	-373	95	346	170	1,175	0	0	0	-	-	1,548	1,411	2,900	2,322	1,490	1,399	302	134	493	958	1,098	1,177	961	597	344	0	0	0	-	0	0	0
Purchase of property, plant and equipment
2,449	1,391	798	614	1,011	2,029	6,611	10,858	14,040	17,759	14,870	11,511	8,207	3,586	2,741	1,976	2,042	2,719	2,787	2,657	2,479	1,535	997	826	633	597	145	121	171	275	305	328	225	243	0	0	0
Maturities of investments
0	-	-	-	-	-	-	-	-	5,699	6,195	7,692	6,699	4,464	3,968	2,232	1,740	2,489	2,985	2,985	2,736	2,985	2,738	3,236	3,483	2,489	3,235	3,980	3,483	4,178	4,181	4,184	4,422	3,227	0	0	0
Proceeds from sale of fixed assets
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of investments
-	-	-	-	-	-	-	-	-	249	996	996	3,228	4,963	4,960	7,431	6,439	4,455	3,711	1,488	1,244	2,985	3,481	3,481	3,730	3,234	2,738	3,236	2,985	2,240	3,235	3,980	3,483	4,178	0	0	0
Acquisition of certain business assets
-	-	-	-	-	-	-	-	-	-	-	-	-	465	469	368	368	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of contingent royalties related to 2016 acquisition
-	8	8	17	17	14	14	10	10	8	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of fixed assets
-	-	-	-	-	-	-	-	-	45	75	75	75	30	0	37	60	66	66	29	5	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Purchases of long-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Net cash provided by (used for) investing activities
-2,486	-3,403	-7,704	-9,019	-778	-1,793	-6,375	-10,382	-11,082	-12,273	-9,604	-4,845	-4,766	-4,524	-4,203	-7,506	-7,048	-4,618	-3,447	-1,130	-981	-1,535	-1,740	-1,071	-880	-1,342	351	622	326	1,662	640	-124	713	-1,194	0	0	0
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from public offering, net
-	8,303	0	0	0	-	-	-	-	-	-	-	-	5,313	5,313	5,313	5,313	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from debt issuance
0	-	-	-	-	693	3,815	5,573	6,073	6,146	3,024	840	340	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	600	0	0	0
Line of credit repayment
-	500	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt principal repayments
9,166	861	858	715	572	398	223	190	156	151	147	142	137	135	133	138	154	169	185	194	192	190	188	185	183	181	179	177	175	172	170	168	166	145	0	0	0
Payments of debt issuance costs
0	-	-	-	-	1	3	4	12	66	63	62	63	46	48	80	71	34	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
-	0	80	85	92	96	48	55	48	49	16	34	37	31	31	78	114	120	120	45	5	3	24	24	24	21	0	0	0	50	67	165	196	145	0	0	0
Payments for public offering costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax benefits related to stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7	7	13	21	14	0	0	0
Net cash provided by financing activities
-605	6,942	7,524	8,098	8,247	889	6,368	8,702	9,721	9,746	7,028	4,330	3,336	8,323	5,163	7,683	7,728	2,442	2,428	-135	-187	-187	-162	-160	-158	-159	-178	-176	-174	-114	-95	10	50	614	0	0	0
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH
-2,678	3,772	-38	-1,218	7,523	-1,277	87	-1,333	-1,191	-1,351	-2,103	196	-309	3,577	1,939	1,725	2,091	723	1,302	224	230	-1,420	-1,769	-739	-80	-403	1,350	1,406	749	1,892	1,021	142	683	-617	0	0	0
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION
CASH PAID FOR:
Income taxes
-	-	-	-	-	-	-	-	-	6	2	2	122	123	124	125	1	3	2	1	2	0	1	1	0	0	0	-38	0	0	0	38	-0	-0	0	0	0
Interest expense
565	420	434	433	426	403	358	300	239	186	160	151	150	153	154	128	102	77	51	54	56	58	60	131	99	67	69	40	38	75	37	-40	-75	-78	0	0	0
NON-CASH ACTIVITIES:
Change in capital expenditures included in accounts payable and accrued expenses
554	97	-33	-3	-67	-568	-2,484	-2,952	-783	-608	2,371	2,630	748	1,248	127	269	2	-249	-46	79	-92	251	39	-0	223	23	46	-14	-13	4	41	23	25	-25	0	0	0
Net change in fair value of interest rate swaps, net of taxes
3	74	139	102	40	-30	-94	-81	-57	-23	-109	-123	-101	-26	58	123	88	26	51	-2	5	3	-6	-49	-34	-30	-2	41	9	9	0	0	0	-	-	-	-
Fixed asset disposals, gross
76	62	15	22	21	22	20	-421	-425	3	83	572	572	140	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in fair value of interest rate swap
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0