IEC ELECTRONICS CORP. IEC Cash Flow

Iec electronics corp. (IEC)

CashFlow / TTM

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
5,717	4,864	4,747	12,074	11,067	11,976	10,410	-	2,044	-	2,634	452	452	81	-498	314	2,378	4,786	4,772	-851	-7,848	-10,186	-9,314	-5,356	-14,535	-15,071	-24,772	-24,331	-10,760	-9,530	-43	2,183	5,827	6,694	8,505	7,230	6,477	6,760	0	0	0
Less: Loss on discontinued operations, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-6,415	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income/(loss) from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,771	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash adjustments:
Stock-based compensation
606	573	567	557	588	566	489	-	339	-	407	394	394	460	587	533	524	443	371	245	1,950	2,037	2,154	2,209	533	542	473	522	582	589	582	704	617	595	651	530	548	489	0	0	0
Incentive compensation shares returned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	60	60	60	60	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	2,957	-	-	-	2,423	2,351	-	2,336	-	2,423	2,524	2,524	2,609	2,703	2,803	2,963	3,154	3,343	3,532	3,656	3,859	4,169	4,435	4,709	4,846	4,846	4,861	4,850	4,795	3,678	4,580	4,422	4,297	5,262	4,016	3,772	3,257	0	0	0
Change in reserve for doubtful accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30	101	0	0	0	-	-	-	-
Goodwill and Intangible Asset Impairment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Change in reserve for doubtful accounts
0	0	-	0	0	0	-	-	-24	-	-40	31	31	-151	-326	-325	-343	96	238	404	396	-38	-170	-532	-328	73	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Inventory Write-down
1,126	870	-81	-1	82	101	123	-	125	-	215	17	17	-111	-171	-587	-604	-112	-325	1,081	863	87	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in contingent consideration
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,096	0	0	0	-	-	-	-
Directors fees paid in stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	5	10	4	25	31	37	0	0	0	-	-	-	-
Directors' fees paid in stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Loss on sale of property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-14	-20	-5	-5	-3	0	0	0
Increase (Decrease) in Deferred Income Taxes
0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred tax expense/(benefit)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	13,034	8,284	8,508	-6,121	-5,651	-1,007	210	2,694	3,248	4,094	3,279	2,745	2,920	0	0	0
Deferred tax expense/(benefit)
-	-	-	-	-	-	-	0	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of Deferred Charges
-115	-114	-114	-114	-105	-95	-83	-	-70	-	-65	-66	-66	-61	-42	-30	-12	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase (Decrease) in Operating Capital [Abstract]
Accounts receivable
-1,210	5,786	2,436	6,966	6,416	8,914	7,291	-	3,729	-	6,664	2,423	2,423	596	-3,509	-3,843	-8,987	-7,687	-1,688	-2,155	-507	2,538	-2,391	-4,825	-1,084	-5,525	509	5,275	1,763	4,857	361	-657	870	3,871	2,595	1,779	832	1,656	0	0	0
Unbilled contract revenue
0	0	-	0	0	0	-	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Inventories
7,336	8,636	13,828	22,517	21,690	20,162	18,644	-	7,968	-	4,714	6,418	6,418	110	-2,053	-8,004	-12,295	-10,481	-5,877	-393	515	5,360	7,380	6,954	7,076	622	-962	1,877	1,509	4,207	2,400	1,766	2,885	1,604	1,790	-3,827	-2,124	1,129	0	0	0
Other current assets
-	538	-	-	-	274	729	-	278	-	258	251	251	-196	-396	-262	-757	-230	-559	-2,705	104	-1,343	602	3,650	1,463	2,987	1,307	372	249	209	58	-2,023	246	77	1,869	3,954	1,786	2,746	0	0	0
Other long-term assets
297	180	434	773	589	588	333	-	3	-	2	3	3	0	-21	-33	-83	-17	-104	22	-74	-231	-64	-275	-200	-15	-105	282	355	264	0	0	0	-	-	-	-	-	-	-	-
Accounts payable
-4,079	-3,071	-2,670	11,565	7,908	12,538	13,540	-	2,888	-	4,974	6,656	6,656	1,624	-748	-55	-4,554	-7,472	-4,057	-5,772	-6,259	604	3,477	2,790	5,962	902	-3,259	1,574	935	811	1,400	-3,378	-2,652	2,947	7,967	5,067	4,850	4,045	0	0	0
Change in book overdraft position
-	-35	-	-	-	568	2,103	-	1,826	-	982	83	83	558	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued expenses
-530	38	1,588	1,015	355	781	797	-	750	-	416	174	174	-2,437	-2,422	-2,582	-2,322	238	840	-230	484	-763	-564	790	457	936	646	339	188	-347	-108	-250	-1,019	-321	-89	233	921	594	0	0	0
Customer deposits
-	6,425	-	-	-	6,908	5,984	-	1,680	-	-1,323	601	601	-145	-2,465	-2,585	-4,421	-4,005	-1,660	1,710	3,177	4,208	3,918	2,598	1,209	1,366	916	399	1,109	41	-176	-227	-230	-186	-218	-287	-773	332	0	0	0
Other long-term liabilities
-	-	-	-	-	-	-75	-	-113	-	-152	-210	-	-162	-360	-282	-89	-211	31	-49	-151	-118	431	467	504	541	-32	-69	163	167	0	0	0	-	-	-	-	-	-	-	-
Net cash flows from operating activities-continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-207	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows from operating activities-discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-942	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows provided by/(used in) operating activities
195	-5,552	-10,456	-5,697	-5,811	-3,534	-203	-	-1,207	-	-2,173	555	555	1,759	0	0	0	-	-	9,994	836	-1,149	4,163	1,917	5,462	9,102	770	-1,412	1,597	-4,338	2,421	7,097	7,731	12,970	20,358	17,359	17,188	12,806	0	0	0
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant and equipment
2,664	1,931	2,118	3,052	3,397	3,644	3,934	-	3,499	-	3,339	3,877	3,877	3,533	3,126	3,522	3,028	3,256	2,404	2,150	2,248	2,734	3,154	3,220	3,043	4,465	4,552	5,514	6,485	5,103	3,703	4,070	3,049	3,080	4,366	3,411	5,404	4,876	0	0	0
Grant proceeds from outside parties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	698	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from disposal of property, plant and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	323	344	344	344	21	-17	28	29	46	0	0	0	-	-	-	-
Proceeds from sale-leaseback
-	-	-	-	-	-	1,947	-	1,947	0	-	0	-	5,750	5,767	5,767	5,767	17	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows from investing activities-continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,036	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash flows from investing activities-discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,336	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from (net cost of) disposal of fixed assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Acquisition of SCB, cash portion (see SCB Acquisition note)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-248	-1,229	24,553	0	0	0
Net cash flows used in investing activities
-2,644	-1,911	-2,098	-3,032	-1,445	-1,692	-1,982	-	-1,547	-	-3,334	-3,872	-3,872	2,222	0	0	0	-	-	238	111	300	-2,482	-2,574	-2,368	-4,142	-4,208	-5,170	-6,141	-5,082	-3,720	-4,042	-3,020	-3,034	-4,304	-2,978	-3,988	-29,262	0	0	0
CASH FLOWS FROM FINANCING ACTIVITIES
Advances from revolving credit facility
78,598	76,426	81,225	72,321	75,667	71,395	62,380	-	58,110	-	51,423	47,637	47,637	46,851	49,111	47,261	50,075	56,084	60,426	60,421	67,275	66,888	62,081	63,639	56,842	56,016	61,044	62,102	56,134	60,815	40,342	60,769	65,830	62,563	76,355	56,694	58,852	63,889	0	0	0
Repayments of revolving credit facility
74,950	67,951	67,575	62,875	65,875	64,455	58,153	-	53,138	-	43,841	41,205	41,205	42,043	44,737	51,408	59,535	64,538	66,450	64,765	62,616	61,904	60,644	59,333	58,362	59,846	58,412	47,103	50,549	47,266	32,501	63,905	61,208	63,173	84,346	65,044	66,163	62,514	0	0	0
Borrowings under other loan agreements
0	0	-	0	0	0	-	-	0	-	0	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings under other loan agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,300	1,300	1,300	25,300	24,000	24,000	24,000	0	0	0	0	840	20,840	0	0	0
Repayments under other loan agreements
1,348	1,291	1,231	1,145	2,996	2,957	2,921	-	2,915	-	3,131	3,315	3,315	9,396	9,598	7,970	8,509	2,908	5,415	5,383	5,140	5,140	2,908	2,908	2,908	2,887	2,854	11,847	27,391	28,382	27,607	21,337	6,776	6,862	8,212	6,268	7,065	6,004	0	0	0
Payments under finance lease
340	316	310	302	291	267	244	-	222	-	205	192	192	173	123	73	33	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds received from lease financing obligation
0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of Debt Issuance Costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	241	241	211	202	0	0	0	0	2	2	2	41	39	0	0	0	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
187	231	101	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36	5	5	6	19	17	36	69	60	148	166	142	134	76	208	314	347	0	0	0
Proceeds from employee stock plan purchases
80	80	60	53	47	46	50	-	50	-	38	38	38	27	27	12	20	7	0	0	0	-	-	-	-	-	-	44	44	98	88	101	108	64	0	0	0	-	-	-	-
Cash paid for taxes upon vesting of restricted stock
0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for employee taxes upon vesting of restricted stock
-	-	-	-	-	-	-	-	-	-	-	1	-	-	-	-	4	2	0	0	565	604	604	606	51	79	79	77	67	29	0	0	0	-	-	-	-	-	-	-	-
Net cash flows from financing activities-continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-724	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Restricted (non-vested) stock grants, net of forfeitures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0
Financing costs capitalized
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	0	0	125	0	0	0
Net cash flows (used in)/provided by financing activities
2,449	7,463	12,554	8,729	7,256	5,226	2,185	-	2,677	-	4,998	2,873	2,873	-4,826	0	0	0	-	-	-9,898	-1,216	-724	-2,070	797	-4,473	-5,479	1,014	4,453	3,499	9,257	4,402	-274	-1,933	-7,274	-16,054	-14,381	-13,200	16,456	0	0	0
Net cash change for the period
0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash change for the period
-	-	-	-	-	-	-	-	-77	-	-509	-444	-444	-845	-526	-617	359	438	313	334	-269	-1,573	-389	140	-1,379	-519	-2,424	-2,129	-1,045	-163	0	0	0	-	-	-	-	0	0	0	0
Supplemental Cash Flow Information [Abstract]
Interest paid
-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
-	-	-	-	-	-	-	-	1,042	-	971	940	940	922	855	982	1,200	1,356	1,571	1,601	1,587	1,567	1,563	2,313	1,498	1,556	1,571	713	1,338	1,176	696	977	1,014	1,106	1,491	1,358	1,635	1,499	0	0	0
Income taxes paid
27	23	7	6	3	7	7	-	15	-	52	48	-	127	116	82	82	3	6	3	3	3	-3	-781	-2	9	12	790	279	367	410	619	371	326	376	334	336	309	0	0	0
Property, plant and equipment additions financed through capital lease
-	-	-	-	-	-	2,000	-	2,000	0	-	0	-	5,750	5,750	5,750	5,750	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Incentive compensation shares returned
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-122	-461	411	322	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
100,000 common shares issued in SCB acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	609	0	0	0