INTEST CORP INTT Cash Flow

Intest corp (INTT)

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 earnings (loss)
41	2,322	806	-407	3,794	3,037	-737	1,847	-722	975	6,542	5,614	4,655	2,658	1,690	910	1,504	1,861	2,787	3,314	3,591	3,439	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Adjustments to reconcile net earnings (loss) to net cash used in operating activities:
Net earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,160	2,491	2,156	2,724	7,242	8,563	9,863	0	0	0
Depreciation and amortization
3,180	3,193	2,932	2,629	2,270	1,871	1,832	2,096	2,034	1,779	1,465	818	589	599	630	663	714	754	791	836	862	879	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payment of earnout for 2018 related to Ambrell acquisition
-	12,167	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustment to earnout payable
-	-	-	-	-	12,645	9,977	6,371	5,833	5,355	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Adjustment to contingent consideration liability
-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	888	936	933	786	656	508	394	0	0	0
Provision for excess and obsolete inventory
455	391	431	399	331	285	285	290	265	251	203	198	204	226	294	350	360	342	344	316	360	344	279	252	236	311	430	527	648	688	0	0	0	-	-	-	-
Foreign exchange loss
-37	-3	-317	-231	-243	-165	131	166	208	146	107	3	-14	-16	-5	-10	-4	-33	-41	-56	-64	-44	-22	9	5	-4	-4	-3	-5	12	-3	-13	-3	-3	0	0	0
Amortization of deferred compensation related to stock-based awards
888	884	819	757	715	653	524	450	377	344	339	277	318	269	250	236	128	119	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred compensation related to restricted stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	134	146	144	142	128	106	110	113	113	120	120	125	146	0	0	0
Loss on disposal of property and equipment
-	-55	-35	-67	-59	-61	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3	-2	5	48	0	0	0
Proceeds from sale of demonstration equipment, net of gain
-	167	152	146	128	186	271	219	222	152	54	46	113	129	134	183	245	214	257	242	169	161	0	0	0	-	-	-	-	109	0	0	0	-	-	-	-
Deferred income tax benefit
-430	-426	-13	36	61	83	-1,616	-1,831	-1,691	-1,630	-231	92	104	135	140	99	201	168	205	399	290	318	0	0	0	-	-	-	-	-	-	-	-	-	-	-	0
Changes in assets and liabilities:
Deferred income tax expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-241	-454	-443	0	0	0	-	-	-	-
Trade accounts receivable
-2,058	-1,244	-1,772	-2,172	-1,065	-1,414	1,027	-507	-2,163	2,983	-183	1,561	4,525	1,009	1,129	-628	-1,147	-570	-1,936	-219	732	-610	220	479	75	233	489	-2,036	-2,142	-1,868	-1,090	-115	-2,026	-24	0	0	0
Inventories
1,035	1,058	1,062	730	824	1,847	1,367	940	1,081	-388	908	1,171	682	384	-112	-354	-369	113	384	502	773	893	595	761	616	416	68	-567	-740	-948	-781	90	492	809	0	0	0
Prepaid expenses and other current assets
-76	129	132	113	110	102	72	-196	80	31	52	132	-235	-295	58	26	195	174	1	28	109	113	28	12	-64	6	12	-6	65	60	5	88	26	-126	0	0	0
Other assets
0	-	-	0	0	-	-	-1	-1	-2	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	23	16	17	0	0	0	-	-	-	-12	3	1	32	-1	-13	0	0	0
Accounts payable
-208	197	-297	-326	-772	-245	665	-84	27	-756	-310	-71	468	459	-293	-239	-544	-324	-7	3	351	172	49	385	162	23	18	-790	-542	-67	-322	-62	-460	-640	0	0	0
Accrued wages and benefits
-263	-912	-747	-310	-12	143	451	158	-125	512	61	38	25	126	-90	-104	-165	-36	68	138	162	-75	109	110	41	63	-70	-102	-46	-237	0	0	0	-	-	-	-
Accrued professional fees
-256	31	154	103	183	58	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Customer deposits and deferred revenue
-203	-797	-303	-13	55	376	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued sales commissions
-1	-261	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating lease liabilities
-1,360	-1,378	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued rent
-	-	-	-	-	-	-	-	-	-	-	-	-62	-85	-48	-14	10	42	1	-1	1	38	34	35	51	48	62	97	128	122	105	136	223	324	0	0	0
Accrued professional fees
-	-	-	-	-	-	-	-	-	-	-	-	46	57	50	102	-167	-25	17	67	205	25	-64	-58	-78	-19	20	1	36	-66	34	17	14	79	0	0	0
Accrued wages and benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Accrued sales commissions
-	-	-	-	-	-	-	-	-	-	-	-	-119	10	-17	30	52	31	67	12	-65	-23	-19	110	59	43	123	20	155	227	110	202	143	29	0	0	0
Customer deposits and deferred revenue
-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-171	0	0	0	-	-	-	-
Domestic and foreign income taxes payable
-294	171	-346	-576	-812	-495	136	348	111	586	498	850	1,576	549	0	0	0	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Accrued warranty
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Customer deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Other current liabilities
-84	-232	67	-83	-1	187	111	292	282	332	143	152	88	23	38	-311	-144	94	-7	214	51	-104	-58	-124	-150	-332	-273	-206	-465	-167	-275	-261	33	-316	0	0	0
Deferred rent
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	39	0	0	0
Net cash used in operating activities
951	-8,405	-5,393	-2,494	-794	10,960	9,276	9,669	10,521	7,242	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7,013	8,909	7,822	0	0	0
Net cash provided by operating activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,442	3,498	6,261	4,962	4,837	5,129	4,201	4,249	3,933	3,770	0	0	0	-	-	-	-	-	-	0	0
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of business, net of cash acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,802	0	0	0	-	-	-	-
Purchase of property and equipment
559	620	491	590	1,185	2,212	2,444	2,462	1,799	745	492	378	415	339	336	378	458	599	840	792	810	831	703	753	580	424	0	0	0	-	-	-	-	780	0	0	0
Proceeds from sale of property and equipment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	54	0	0	0
Net cash used in investing activities
-559	-620	-4,614	-4,713	-5,308	-6,335	-2,443	-2,433	-23,725	-22,671	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-4,057	-3,994	-726	0	0	0
CASH FLOWS FROM FINANCING ACTIVITIES
Net cash used in investing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-458	-599	-840	-792	-802	-823	-695	-735	-570	-414	0	0	0	-	-	-	-	-	-	-	-
Repurchases of common stock
0	-	-	-	-	-	-	-	-	62	199	270	569	978	996	925	626	155	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from stock options exercised
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30	0	0	0	-	-	-	-	30	0	0	0
Net cash used in financing activities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-626	-155	0	0	0	-	-	-	-	30	0	0	0	-	-	-	-	-	-	-	-
Net cash used in financing activities
0	-	-	-	-	-	-	-	-	-62	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	30	0	0	0
Effects of exchange rates on cash
-49	-82	-114	-35	-145	-54	-7	4	187	170	37	27	-119	-70	-26	0	108	-160	-185	-320	-403	-198	-110	70	106	56	69	36	-54	22	-50	-136	-62	-64	0	0	0
Net cash used in all activities
-873	-10,249	-6,177	-3,119	-6,247	4,571	2,703	3,117	-13,017	-15,321	-14,846	-17,407	2,504	2,901	962	1,537	2,466	2,584	5,236	3,850	3,632	4,108	3,396	3,584	3,469	3,442	2,051	4,333	5,283	1,619	0	0	0	-	-	-	-
Cash payments for:
Domestic and foreign income taxes
-523	595	1,087	1,826	3,913	2,855	3,168	3,309	3,538	3,467	3,165	2,207	672	635	68	384	670	792	939	1,433	1,203	1,213	1,257	685	644	623	485	471	465	379	381	236	322	269	0	0	0
Interest
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	8	0	0	0	-	-	-	-
Net cash paid for acquisition
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,802	0	0	0	-	-	-	-
Issuance of unvested shares of restricted stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	462	0	0	0	-	-	-	-	-	-	-	-
Forfeiture of unvested shares of restricted stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20	0	0	0	-	-	-	-	-	-	-	-	20	0	0	0