Intest corp (INTT)
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 earnings (loss)

-1,143

724

647

-187

1,138

-792

-566

4,014

381

-4,566

2,018

1,445

2,078

1,001

1,090

486

81

33

310

1,080

438

959

837

1,357

286

-

-

-

-

-

-

-

-

-

-

-

-

Adjustments to reconcile net earnings (loss) to net cash used in operating activities:
Net earnings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,003

292

201

664

1,334

-43

769

5,182

2,655

1,257

Depreciation and amortization

791

762

833

794

804

501

530

435

405

462

794

373

150

148

147

144

160

179

180

195

200

216

225

221

217

-

-

-

-

-

-

-

-

-

-

-

-

Payment of earnout for 2018 related to Ambrell acquisition

-

0

0

2,119

10,048

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustment to earnout payable

-

-

-

-

-

8,572

3,057

538

478

5,904

-549

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Adjustment to contingent consideration liability

-

-

-

-

-

-

-

-

1,248

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

205

221

237

225

253

218

90

95

105

104

Provision for excess and obsolete inventory

171

50

98

136

107

90

66

68

61

90

71

43

47

42

66

49

69

110

122

59

51

112

94

103

35

47

67

87

110

166

164

208

150

-

-

-

-

Foreign exchange loss

-38

34

-20

-13

-4

-280

66

-25

74

16

101

17

12

-23

-3

0

10

-12

-8

6

-19

-20

-23

-2

1

2

8

-6

-8

2

9

-8

9

-13

-1

2

9

Amortization of deferred compensation related to stock-based awards

187

246

242

213

183

181

180

171

121

52

106

98

88

47

44

139

39

28

30

31

30

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred compensation related to restricted stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30

30

33

41

42

28

31

27

20

32

34

27

27

32

39

48

Loss on disposal of property and equipment

-

-38

0

-8

-9

-18

-32

0

-11

-

4

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5

-7

-3

8

0

0

40

Proceeds from sale of demonstration equipment, net of gain

-

29

79

16

43

14

73

-2

101

99

21

1

31

1

13

68

47

6

62

130

16

49

47

57

8

-

-

-

-

23

13

21

52

-

-

-

-

Deferred income tax benefit

-93

-119

-118

-100

-89

294

-69

-75

-67

-1,405

-284

65

-6

-6

39

77

25

-1

-2

179

-8

36

192

70

20

-

-

-

-

-

-

-

-

-

-

-

31

Changes in assets and liabilities:
Deferred income tax expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-165

-5

46

-117

-378

6

-

-

-

-

Trade accounts receivable

-1,188

10

110

-990

-374

-518

-290

117

-723

1,923

-1,824

-1,539

4,423

-1,243

-80

1,425

907

-1,123

-1,837

906

1,484

-2,489

-120

1,857

142

-1,659

139

1,453

300

-1,403

-2,386

1,347

574

-625

-1,411

-564

2,576

Inventories

714

-493

643

171

737

-489

311

265

1,760

-969

-116

406

291

327

147

-83

-7

-169

-95

-98

475

102

23

173

595

-196

189

28

395

-544

-446

-145

187

-377

425

257

504

Prepaid expenses and other current assets

-117

-106

367

-220

88

-103

348

-223

80

-133

80

53

31

-112

160

-314

-29

241

128

-145

-50

68

155

-64

-46

-17

139

-140

24

-11

121

-69

19

-66

204

-131

-133

Other assets

4

-

-

-5

6

-

-

-2

6

-1

-4

-2

5

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-7

0

7

-

-

0

7

19

-3

-7

8

-

-

-

2

17

-31

0

17

15

0

-33

5

Accounts payable

316

-746

317

-95

721

-1,240

288

-541

1,248

-330

-461

-430

465

116

-222

109

456

-636

-168

-196

676

-319

-158

152

497

-442

178

-71

358

-447

-630

177

833

-702

-370

-221

653

Accrued wages and benefits

-543

57

-28

251

-1,192

222

409

549

-1,037

530

116

266

-400

79

93

253

-299

-137

79

192

-170

-33

149

216

-407

151

150

147

-385

18

118

203

-576

-

-

-

-

Accrued professional fees

-105

-161

88

-78

182

-38

37

2

57

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Customer deposits and deferred revenue

152

-288

33

-100

-442

206

323

-32

-121

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued sales commissions

78

-4

-68

-7

-182

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

-323

-319

-391

-327

-341

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued rent

-

-

-

-

-

-

-

-

-

-

-

-

-28

15

-21

-28

-51

52

13

-4

-19

11

11

-2

18

7

12

14

15

21

47

45

9

4

78

132

110

Accrued professional fees

-

-

-

-

-

-

-

-

-

-

-

-

-11

-7

-67

131

0

-14

-15

-138

142

28

35

0

-38

-61

41

-20

21

-22

22

15

-81

78

5

12

-16

Accrued wages and benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-492

Accrued sales commissions

-

-

-

-

-

-

-

-

-

-

-

-

-148

84

19

-74

-19

57

66

-52

-40

93

11

-129

2

97

140

-180

-14

177

37

-45

58

60

129

-104

-56

Customer deposits and deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-104

85

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

68

-346

114

-7

-

-

-

-

Domestic and foreign income taxes payable

-207

0

166

-253

258

-517

-64

-489

575

114

148

-726

1,050

26

500

0

23

-

-

-

-

-

-585

563

-29

-

-

-

-

-

-

-

-

-

-

-

-

Accrued warranty

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

23

Customer deposits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

47

61

233

Other current liabilities

-25

-97

21

17

-173

202

-129

99

15

126

52

89

65

-63

61

25

0

-48

-288

192

238

-149

-67

29

83

-103

-133

3

-99

-44

-66

-256

199

-152

-52

38

-150

Deferred rent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-20

30

29

Net cash used in operating activities

-119

726

820

-476

-9,475

3,738

3,719

1,224

2,279

2,054

4,112

2,076

-1,000

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,793

-86

2,013

3,293

3,689

-1,173

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-319

579

2,066

1,116

-263

3,342

767

991

29

2,414

815

675

-134

-

-

-

-

-

-

3,631

-1,647

CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of business, net of cash acquired

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,802

-

-

-

-

Purchase of property and equipment

80

207

115

157

141

78

214

752

1,168

310

232

89

114

57

118

126

38

54

160

206

179

295

112

224

200

167

162

51

44

-

-

-

-

95

45

66

574

Proceeds from sale of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14

0

0

40

Net cash used in investing activities

-80

-207

-115

-157

-141

-4,201

-214

-752

-1,168

-309

-204

-22,044

-114

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-129

-3,802

-81

-45

-66

-534

CASH FLOWS FROM FINANCING ACTIVITIES
Net cash used in investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-38

-54

-160

-206

-179

-295

-112

-216

-200

-167

-152

-51

-44

-

-

-

-

-

-

-

-

Repurchases of common stock

74

-

-

-

-

-

-

-

-

0

0

0

62

137

71

299

471

155

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from stock options exercised

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

30

-

-

-

-

0

0

0

30

Net cash used in financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-471

-155

0

0

0

-

-

-

-

0

0

0

30

-

-

-

-

-

-

-

-

Net cash used in financing activities

-74

-

-

-

-

-

-

-

-

0

0

0

-62

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

30

Effects of exchange rates on cash

-21

31

-95

36

-54

-1

-16

-74

37

46

-5

109

20

-87

-15

-37

69

-43

11

71

-199

-68

-124

-12

6

20

56

24

-44

33

23

-66

32

-39

-63

8

30

Net cash used in all activities

-294

-413

431

-597

-9,670

3,659

3,489

-3,725

1,148

1,791

3,903

-19,859

-1,156

2,266

1,342

52

-759

327

1,917

981

-641

2,979

531

763

-165

2,267

719

648

-192

876

3,001

1,598

-3,856

-

-

-

-

Cash payments for:
Domestic and foreign income taxes

50

107

92

-772

1,168

599

831

1,315

110

912

972

1,544

39

610

14

9

2

43

330

295

124

190

824

65

134

234

252

24

113

96

238

18

27

98

93

104

-26

Interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

4

4

-

-

-

-

Net cash paid for acquisition

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

3,802

-

-

-

-

Issuance of unvested shares of restricted stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

338

0

65

59

-

-

-

-

-

-

-

-

Forfeiture of unvested shares of restricted stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

20

-

-

-

-

-

-

-

-

0

0

40

-20