IEC ELECTRONICS CORP. IEC Cash Flow

Iec electronics corp. (IEC)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Jun'18	Mar'18	Mar'18	Dec'17	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	Dec'10
CASH FLOWS FROM OPERATING ACTIVITIES
Net income
1,523	1,189	1,794	1,211	670	1,072	9,121	-	204	-	1,579	-494	-494	755	794	-603	-865	176	1,606	1,461	1,543	162	-4,017	-5,536	-795	1,034	-59	-14,715	-1,331	-8,667	382	-1,144	-101	820	2,608	2,500	766	2,631	1,333	1,747	1,049
Less: Loss on discontinued operations, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-670	-4,392	-794	-559	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income/(loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	832	375	-4,742	-236	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash adjustments:
Stock-based compensation
185	152	152	117	152	146	142	-	148	-	130	69	69	-8	216	117	135	119	162	108	54	47	36	1,813	141	164	91	137	150	95	140	197	157	88	262	110	135	144	141	128	76
Incentive compensation shares returned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	60	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	776	-	-	-	651	643	-	564	-	565	579	579	628	651	666	664	722	751	826	855	911	940	950	1,058	1,221	1,206	1,224	1,195	1,221	1,221	1,213	1,140	104	2,123	1,055	1,015	1,069	877	811	500
Change in reserve for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36	-32	8	18	107	-	-	-	-
Goodwill and Intangible Asset Impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Change in reserve for doubtful accounts
20	28	-	9	-65	26	-	-	-2	-	-60	20	20	18	-18	11	-162	-157	-17	-7	277	-15	149	-15	-157	-147	-213	189	244	-	-	-	-	-	-	-	-	-	-	-	-
Inventory Write-down
233	1,063	-100	-70	-23	112	-20	-	13	-	-4	134	134	-18	103	-202	6	-78	-313	-219	498	-291	1,093	-437	-278	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-907	-1,060	-36	907	-	-	-	-
Directors fees paid in stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	5	5	-6	21	11	11	-	-	-	-
Directors' fees paid in stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	11
Loss on sale of property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	5	-15	1	-5	-1	0	1	-3
Increase (Decrease) in Deferred Income Taxes
-881	-320	-	1,243	-199	-312	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax expense/(benefit)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	13,663	-629	-4,750	224	-966	-159	-106	1,441	1,518	395	740	626	984	570
Deferred tax expense/(benefit)
-	-	-	-	-	-	-	0	-	-	0	-1,010	-1,010	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of Deferred Charges
-28	-29	-29	-29	-27	-29	-29	-	-20	-	-17	-17	-17	-16	-15	-18	-12	3	-3	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Operating Capital [Abstract]
Accounts receivable
-1,955	924	1,022	-1,201	5,041	-2,426	5,552	-	-1,751	-	7,539	-4,049	-4,049	1,990	1,184	3,298	-5,876	-2,115	850	-1,846	-4,576	3,884	383	-198	-1,531	-1,045	-2,051	3,543	-5,972	4,989	2,715	31	-2,878	493	1,697	1,558	123	-783	881	611	947
Unbilled contract revenue
598	474	-	1,262	-60	1,770	-	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories
313	1,742	-657	5,938	1,613	6,934	8,032	-	5,111	-	85	5,416	5,416	-2,644	1,857	1,789	-892	-4,807	-4,094	-2,502	922	-203	1,390	-1,594	5,767	1,817	964	-1,472	-687	233	3,803	-1,840	2,011	-1,574	3,169	-721	730	-1,388	-2,448	982	3,983
Other current assets
-	611	-	-	-	-220	525	-	-33	-	2	235	235	74	-53	-5	-212	-126	81	-500	315	-455	-2,065	2,309	-1,132	1,490	983	122	392	-190	48	-1	352	-341	-2,033	2,268	183	1,451	52	100	1,143
Other long-term assets
115	1	-2	183	-2	255	337	-	-1	-	-3	0	0	7	-2	-2	-3	-14	-14	-52	63	-101	112	-148	-94	66	-99	-73	91	-24	288	0	0	-	-	-	-	-	-	-	-
Accounts payable
-4,302	1,531	-3,963	2,655	-3,294	1,932	10,272	-	-1,002	-	1,336	2,934	2,934	-380	1,084	3,018	-2,098	-2,752	1,777	-1,481	-5,016	663	62	-1,968	1,847	3,536	-625	1,204	-3,213	-625	4,208	565	-3,337	-36	-570	1,291	2,262	4,984	-3,470	1,074	1,457
Change in book overdraft position
-	284	-	-	-	-2,010	835	-	844	-	899	-475	-475	558	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses
-810	-1,088	199	1,169	-242	462	-374	-	509	-	184	478	478	-421	175	-58	-2,133	-406	15	202	427	196	-1,055	916	-820	395	299	583	-341	105	-8	432	-876	344	-150	-337	-178	576	172	351	-505
Customer deposits
-	1,869	-	-	-	1,078	5,194	-	1,563	-	-927	154	154	890	-1,440	997	-592	-1,430	-1,560	-839	-176	915	1,810	628	855	625	490	-761	1,012	175	-27	-51	-56	-42	-78	-54	-12	-74	-147	-540	1,093
Other long-term liabilities
-	-	-	-	-	-	0	-	0	-	-75	0	-	-38	-39	-133	48	-236	39	60	-74	6	-41	-42	-41	555	-5	-5	-4	-18	-42	227	0	-	-	-	-	-	-	-	-
Net cash flows from operating activities-continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	151	3,549	-3,266	-641	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows from operating activities-discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-406	84	-880	260	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows provided by/(used in) operating activities
-543	2,343	-1,214	-391	-6,290	-2,561	3,545	-	-505	-	-4,013	770	770	2,541	-1,471	-1,285	1,974	-	-	5,012	1,604	-255	3,633	-4,146	-381	5,057	1,387	-601	3,259	-3,275	-795	2,408	-2,676	3,484	3,881	3,042	2,563	10,872	882	2,871	-1,819
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant and equipment
1,027	324	999	314	294	511	1,933	-	659	-	541	801	801	1,498	499	1,079	457	1,091	895	585	685	239	641	683	1,171	659	707	506	2,593	746	1,669	1,477	1,211	-654	2,036	456	1,242	632	1,081	2,449	714
Grant proceeds from outside parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	698	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from disposal of property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	323	21	0	0	0	-17	45	1	17	-	-	-	-
Proceeds from sale-leaseback
-	-	-	-	-	-	0	-	1,947	0	-	0	-	0	0	0	5,750	17	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows from investing activities-continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-239	-641	-683	-473	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows from investing activities-discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,362	26	-29	-23	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from (net cost of) disposal of fixed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3	3
Acquisition of SCB, cash portion (see SCB Acquisition note)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-248	-981	25,782
Net cash flows used in investing activities
-1,027	-324	-999	-294	-294	-511	-1,933	-	1,293	-	-541	-801	-801	-1,498	-494	-1,079	5,293	-	-	-585	-685	2,123	-615	-712	-496	-659	-707	-506	-2,270	-725	-1,669	-1,477	-1,211	637	-1,991	-455	-1,225	-633	-665	-1,465	-26,499
CASH FLOWS FROM FINANCING ACTIVITIES
Advances from revolving credit facility
20,871	15,809	23,882	18,036	18,699	20,608	14,978	-	21,382	-	14,427	11,593	11,593	10,708	14,695	10,641	10,807	12,968	12,845	13,455	16,816	17,310	12,840	20,309	16,429	12,503	14,398	13,512	15,603	17,531	15,456	7,544	20,284	-2,942	35,883	12,605	17,017	10,850	16,222	14,763	22,054
Repayments of revolving credit facility
18,798	17,965	21,244	16,943	11,799	17,589	16,544	-	19,943	-	10,379	11,287	11,287	11,529	10,646	7,743	12,125	14,223	17,317	15,870	17,128	16,135	15,632	13,721	16,416	14,875	14,321	12,750	17,900	13,441	3,012	16,196	14,617	-1,324	34,416	13,499	16,582	19,849	15,114	14,618	12,933
Borrowings under other loan agreements
0	0	-	0	0	391	-	-	0	-	836	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings under other loan agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1,300	0	0	24,000	0	0	0	0	0	0	0	840	20,000
Repayments under other loan agreements
342	343	342	321	285	283	256	-	2,172	-	246	247	247	250	2,388	430	6,328	452	760	969	727	2,959	728	726	727	727	728	726	706	694	9,721	16,270	1,697	-81	3,451	1,709	1,783	1,269	1,507	2,506	722
Payments under finance lease
101	81	80	78	77	75	72	-	67	-	53	52	52	50	50	40	33	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds received from lease financing obligation
0	415	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of Debt Issuance Costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	30	9	202	0	0	0	0	0	0	0	2	0	0	39	0	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
8	130	22	27	52	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	33	0	-1	4	2	0	0	17	0	19	33	8	88	37	9	0	30	169	115	33
Proceeds from employee stock plan purchases
0	40	7	33	0	20	0	-	27	-	-1	24	24	0	15	-1	13	0	0	7	0	-	-	-	-	-	-	0	0	0	44	0	54	-10	57	7	10	-	-	-	-
Cash paid for taxes upon vesting of restricted stock
68	24	-	48	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for employee taxes upon vesting of restricted stock
-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	2	2	0	0	0	0	0	565	39	0	2	10	67	0	0	0	29	-	-	-	-	-	-	-	-
Net cash flows from financing activities-continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,751	-3,520	5,296	-749	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted (non-vested) stock grants, net of forfeitures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	11
Financing costs capitalized
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	1	-1	0	125
Net cash flows (used in)/provided by financing activities
1,570	-2,019	2,213	685	6,584	3,072	-1,612	-	-788	-	4,554	31	31	-1,120	1,533	2,429	-7,668	-	-	-3,386	-1,241	-1,751	-3,520	5,296	-749	-3,097	-653	26	-1,755	3,396	2,786	-928	4,003	-1,459	-1,890	-2,587	-1,338	-10,239	-217	-1,406	28,318
Net cash change for the period
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash change for the period
-	-	-	-	-	-	-	-	0	-	0	0	0	-77	-432	65	-401	242	-523	1,041	-322	117	-502	438	-1,626	1,301	27	-1,081	-766	-604	322	3	116	-	-	-	-	0	0	0	0
Supplemental Cash Flow Information [Abstract]
Interest paid
-	405	-	-	-	347	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
-	-	-	-	-	-	-	-	329	-	251	227	227	235	258	220	209	168	385	438	365	383	415	424	345	379	1,165	-391	403	394	307	234	241	-86	588	271	333	299	455	548	197
Income taxes paid
4	16	4	3	0	0	3	-	0	-	4	0	-	11	37	0	79	0	3	0	0	3	0	0	0	-3	-778	779	11	0	0	268	99	43	209	20	54	93	167	22	27
Property, plant and equipment additions financed through capital lease
-	-	-	-	-	-	0	-	2,000	0	-	0	-	0	0	0	5,750	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Incentive compensation shares returned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-22	0	-67	89	-144	-339	805	0	-	-	-	-	-	-	-	-	-	-	-	-
100,000 common shares issued in SCB acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	609