Innovative solutions & support inc (ISSC)
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'11Dec'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

438,105

327,908

997,117

511,259

202,499

139,421

-414,378

-1,041,037

-1,316,871

-881,619

-186,046

19,220

5,930,427

-1,194,974

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,578,313

-215,438

-

-3,531,973

-364,091

593,742

-2,089,574

497,029

784,217

1,008,596

154,731

307,471

1,107,126

317,589

2,773,129

259,971

288,873

-342,979

11,639

-78,981

499,152

284,780

Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization

101,019

104,135

108,919

107,513

118,768

116,078

119,353

106,306

107,181

103,368

116,866

110,833

113,154

108,336

137,431

123,665

118,495

113,770

139,789

142,651

147,848

140,026

162,865

140,018

144,111

129,484

179,701

120,506

126,254

119,159

118,695

111,892

131,681

167,057

173,123

164,376

175,582

159,115

Share-based compensation expense:
Stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

12,676

55,496

56,787

59,352

95,585

104,645

149,643

170,928

155,341

184,224

183,824

185,112

209,768

133,691

129,477

125,151

101,348

88,531

60,204

31,812

35,850

42,720

Stock awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

149,952

-

50,013

50,013

50,029

-

-

-

-

-

-

-

-

-

-

-

-

Nonvested stock awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

49,988

50,013

50,018

-

49,993

49,994

49,994

-

49,995

49,703

47,995

Tax adjustment from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

6,834

5,317

41,904

92,496

933

305,923

-146,664

49,822

-4,118

-2,099

-10,304

-

-

-

-

-

-

-

-

Provision for loss on unbilled receivables

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-1,300,000

0

3,256

58,903

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

(Gain) loss on disposal of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-4,168

0

0

563

4,993

41,101

6,923

8,800

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax adjustment from share-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

716

1,246

303

-

-

-

-

Excess and obsolete inventory cost

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-20,921

28,831

190,646

27,186

154,987

15,665

553

25,000

-

-

-

-

-

-

-

-

-

-

-

-

Deferred income taxes

-

-

24

0

10

23

7

13

19

61,813

-3

30

7

7

-

-

-

-

-94,272

3,413,502

-144,461

-431,153

-1,261,363

34,068

246,743

332,096

-

-

-

53,869

-

-

-

167

-

-

-

188

(Increase) decrease in:
Nonvested stock awards

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,452

2,807

-654

Accounts receivable

-291,768

628,212

906,710

-1,178,621

-598,621

-230,824

742,432

-592,798

893,005

-1,267,975

-

-

-

-724,111

-1,327,727

-745,498

1,238,183

2,951,983

-1,508,399

512,142

-1,167,519

138,608

-134,315

-2,319,045

2,113,370

270,419

-607,518

-810,376

1,668,702

260,114

1,277,120

-882,969

1,022,586

-563,712

76,654

491,259

-215,135

258,585

Contract asset

186,848

-80,182

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unbilled receivables, net

-

-

-

-

-

-

-

-

-

-397,657

-

-

-

6,397

-13,685

-113,916

-961,051

-1,233,885

355,051

-994,798

-980,967

-646,964

-234,176

3,080,241

945,632

775,268

1,351,347

1,186,589

993,735

1,412,335

-

-

-

-

-

-

-

-

Inventories

148,599

201,769

124,238

-125,628

274,824

15,880

-405,544

245,109

-54,508

315,397

-260,556

201,432

133,175

552,604

-362,286

-63,233

-452,563

-73,406

437,690

-451,705

-466,263

-167,450

-247,114

483,178

430,386

623,028

338,635

175,197

444,437

-333,853

-167,676

-396,192

335,350

634,926

-396,887

-137,497

215,975

-357,892

Prepaid expenses and other current assets

63,506

42,109

65,208

15,051

-66,485

85,619

-62,829

-76,785

41,886

-191,171

40,183

-75,298

123,801

2,594

-286,235

-292,772

500,696

-293,373

347,618

-171,704

30,059

44,358

31,079

54,573

151,183

-128,936

269,586

-31,043

-258,290

225,749

-1,365,355

987,430

349,570

-26,433

262,761

-282,848

129,871

-152,061

Income taxes receivable/payable

309,440

2,456

-

0

-7,783

478

-

-88

-192,686

201,155

-

537,166

-805,642

372,794

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other non-current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-116,333

-1

10,448

-

-

-

-

-

-

-

-

-

-

-

-

Increase (decrease) in:
Accounts payable

378,119

-101,437

255,936

-162,798

-53,785

-490,072

199,933

-60,676

463,769

-394,485

299,679

-322,796

-369,248

209,845

-345,503

-413,629

-307,915

1,134,837

1,076,483

-680,084

-631,085

-731,985

-887,317

-378,690

1,379,688

-83,166

354,786

298,488

939,575

-360,176

754,627

-1,235,630

593,447

583,504

-647,967

318,037

-42,707

272,275

Accrued expenses

-232,748

218,758

-267,803

-46,509

-296,327

286,667

-436,753

344,915

-184,169

-21,009

-194,994

183,361

-474,484

356,246

-405,989

-286,416

-324,693

338,475

269,541

-192,253

-358,454

-1,042,443

619,752

-652,033

465,001

124,502

53,305

794,238

-45,495

-57,963

540,279

129,313

-317,405

-160,086

125,966

-162,789

32,877

-184,408

Income taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-55,837

-123,152

-108,676

-127,663

38,363

102,825

-199,524

-94,272

-190,158

100,058

286,049

-77,447

82,864

123,849

87,898

-405,416

147,952

-2,049

35,419

38,002

Contract liability

63,550

4,355

-153,780

-342,888

359,382

-190,284

-49,947

186,503

82,780

-142,889

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred revenue

-

-

-

-

-

-

-

-

-

-

-

-17,849

-18,678

171,644

-119,466

-42,950

-396,442

-18,302

17,208

-21,309

164,208

70,319

-152,392

390,994

41,991

-201,798

48,449

-506,093

-256,363

-265,020

171,825

-1,064,538

1,401,344

685,291

-103,780

-25,888

60,610

135,067

Net cash provided by operating activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

943,329

56,956

-

150,195

1,488,914

-725,533

907,673

-812,652

-585,031

-222,196

-566,670

669,835

-594,553

-1,660,929

1,340,072

-1,208,816

627,990

621,585

405,948

226,238

597,532

1,046,448

Net cash provided by operating activities

491,450

-240,645

-140,885

1,325,605

931,998

-9,320

-475,286

-152,664

-1,178,456

65,430

-278,060

1,338,480

5,564,432

-559,174

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of property and equipment

14,991

17,429

5,696

3,390

32,420

39,775

13,413

2,406,467

45,455

83,277

22,980

50,008

32,710

47,340

89,524

187,688

9,483

66,067

17,035

0

136,442

35,032

95,239

98,517

189,195

336,572

49,607

402,706

109,757

43,231

59,014

46,621

0

111,898

59,409

118,836

57,814

19,395

Proceeds from the sale of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

545

563

12,545

41,100

7,100

8,800

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-14,991

-17,429

-5,696

-3,390

-32,420

-39,775

-13,413

-2,406,467

-45,455

-83,277

-22,980

-50,008

-32,710

-47,340

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

CASH FLOWS FROM FINANCING ACTIVITIES:
Net cash (used in) investing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-8,938

-65,504

-

41,100

-129,342

-26,232

-95,237

-97,918

-189,195

-336,572

-35,607

-398,206

-109,757

-43,231

-59,014

-46,621

0

-111,898

-59,409

-118,836

-57,814

-19,395

Proceeds from exercise of stock options

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

380,634

11,896

750

762,759

-

-

-

-

-

-

-

-

Purchase of treasury stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

254,170

-

-

-

-

0

0

1

695

107,331

131,604

210,835

348,692

-

-

-

-

Dividend paid

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

25,007,519

-

-

-

-

-

-

-

-

Repayment of capitalized lease obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,386

3,325

3,268

3,210

3,149

3,097

3,043

2,989

Net cash (used in) provided by financing activities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-254,170

-

-

-

-

380,634

11,896

749

-24,245,455

-110,717

-134,929

-214,103

-351,902

-302,075

-3,097

-3,043

-2,989

Net increase in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

934,391

-8,548

-

191,295

1,359,572

-1,005,935

821,256

-891,013

-543,098

-558,768

-221,643

283,525

-703,561

-25,949,615

1,170,341

-1,390,366

413,887

157,785

44,464

104,305

536,675

1,024,064

Net increase in cash and cash equivalents

485,281

-258,074

-146,581

1,322,215

899,578

-49,095

-488,699

-2,559,131

-1,223,911

-17,847

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net decrease in cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-606,514

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Cash paid for income tax

0

2,456

-

-

-

456

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash paid for interest

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

61

121

180

237

297

350

404

458

Cash paid for income tax

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,000

0

190,000

120,000

40,000

285,000

325,000

20,000

100,000

0

130,000

0

0

0

153,327

-

-

-

-